Montshire Museum Of Science
- Assets
- $18.2m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 57
- Location
- Norwich, VT
- Founding
- 07/1992
- Data as of
- 09/2022
- EIN
- 23-7376772
Organization Overview
Montshire Museum Of Science is located in Norwich, VT. The organization was established in 1992. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2022, Montshire Museum Of Science employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montshire Museum Of Science is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Montshire Museum Of Science generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $3.3m during the year ending 09/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MONTSHIRE MUSEUM'S MISSION IS TO AWAKEN AND ENCOURAGE A LIFELONG INTEREST IN SCIENCE THROUGH EXHIBITS AND PROGRAMMING DEDICATED TO HANDS-ON DISCOVERY AND EDUCATION FOR PEOPLE OF ALL AGES. UNIQUE TO THIS MISSION IS MONTSHIRE'S 100-ACRE NEW ENGLAND RIVERFRONT SETTING, WHICH FOSTERS DEEP AND CREATIVE LEARNING IN BOTH PHYSICAL AND NATURAL SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONTSHIRE MUSEUM OF SCIENCE, INC OFFERS PROGRAMS FOR ALL AGES COVERING A BROAD RANGE OF SCIENCE, TECHNOLOGY, AND NATURAL HISTORY. MUSEUM EDUCATORS PRESENT PROGRAMS, COURSES AND WORKSHOPS FOR ADULTS, FOR FAMILIES, AND FOR CHILDREN AND YOUTH. MUSEUM EDUCATORS ALSO PROVIDE A RANGE OF SCIENCE PROGRAMS AND EDUCATIONAL SERVICES FOR SCHOOLS THROUGHOUT ITS BI-STATE REGION.
THE MONTSHIRE MUSEUM OF SCIENCE, INC. IS A HANDS-ON MUSEUM, OFFERING DOZENS OF EXCITING EXHIBITS RELATING TO THE NATURAL AND PHYSICAL SCIENCES, ECOLOGY, AND TECHNOLOGY. EXHIBITS ARE OFFERED THROUGHOUT THE MONTSHIRE'S 34,000 SQUARE-FOOT FACILITY AND OUTDOORS ON THE 100-ACRE MUSEUM GROUNDS.
THE MONTSHIRE MUSEUM OF SCIENCE, INC. OPERATES A RETAIL STORE AT ITS NORWICH, VERMONT LOCATION. THE STORE FEATURES EDUCATIONAL AND RECREATIONAL MERCHANDISE EMPHASIZING NATURE AND SCIENCE THEMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Rickards Interim Exec Dir 5/1/2021-12/31/2021 | Officer | 40 | $133,166 |
Gina Des Cognets Vice Chair | OfficerTrustee | 1 | $0 |
Jerry Desilva Secretary | OfficerTrustee | 1 | $0 |
Michael Bettmann Chair | OfficerTrustee | 1 | $0 |
Alan Keiller Treasurer | OfficerTrustee | 1 | $0 |
Lara Litchfield-Kimber Exec Dir Effective 1/1/2022 | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $420,185 |
| All other contributions, gifts, grants, and similar amounts not included above | $765,084 |
| Noncash contributions included in lines 1a–1f | $3,382 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,185,269 |
| Total Program Service Revenue | $1,286,617 |
| Investment income | $146,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,209 |
| Net Gain/Loss on Asset Sales | $1,125,879 |
| Net Income from Fundraising Events | $169,792 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $229,366 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,178,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,398 |
| Compensation of current officers, directors, key employees. | $61,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,286,870 |
| Pension plan accruals and contributions | $79,543 |
| Other employee benefits | $149,050 |
| Payroll taxes | $106,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,187 |
| Office expenses | $139,621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,074 |
| Travel | $16,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $610,534 |
| Insurance | $37,840 |
| All other expenses | $23,935 |
| Total functional expenses | $3,258,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,967 |
| Savings and temporary cash investments | $1,344,508 |
| Pledges and grants receivable | $595,308 |
| Accounts receivable, net | $15,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,787 |
| Prepaid expenses and deferred charges | $10,819 |
| Net Land, buildings, and equipment | $7,383,570 |
| Investments—publicly traded securities | $8,802,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,203,770 |
| Accounts payable and accrued expenses | $198,618 |
| Grants payable | $0 |
| Deferred revenue | $309,745 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,821 |
| Total liabilities | $568,424 |
| Net assets without donor restrictions | $11,642,525 |
| Net assets with donor restrictions | $5,992,821 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,203,770 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montshire Museum Of Science has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Andree Wildenstein Dormeuil And Roger Dormeuil Foundation Armonk, NY PURPOSE: THE PURPOSE OF THESE CONTRIBUTIONS IS TO AID THE DONEE PUBLIC ORGANIZATIONS TO CARRY OUT THEIR EXEMPT CHARITABLE FUNCTIONS. | $20,000 |
Endowment Analysis
| Beg. Balance | $8,611,551 |
| Earnings | -$1,548,146 |
| Net Contributions | $197,236 |
| Other Expense | $333,873 |
| Ending Balance | $6,926,768 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |
Sovereign Military Hospitaller Order Of St John Of Jerusalem Of New York, NY | $5,131,952 | $5,108,487 |
Datakind Brooklyn, NY | $7,052,955 | $2,773,630 |
Montshire Museum Of Science Norwich, VT | $18,203,770 | $4,178,719 |
Friends Of@raising The Village Incorporated New York, NY | $175,173 | $3,119,375 |