Discovery Park Of America Inc
- Assets
- $88.2m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 200
- Location
- Union City, TN
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-2726861
Organization Overview
Discovery Park Of America Inc is located in Union City, TN. The organization was established in 2009. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Discovery Park Of America Inc employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Park Of America Inc 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 12/2021, Discovery Park Of America Inc generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $5.9m during the year ending 12/2021. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND SERVE THE PUBLIC AS A PREMIER MUSEUM AND EDUCATIONAL INSTITUTION. TO ASSEMBLE, DISPLAY, PRESERVE AND/OR PROTECT IMPORTANT AND INTERESTING ARTISTIC, CULTURAL, HISTORIC AND SCIENTIFIC ITEMS, COLLECTIONS, WORKS AND EXHIBITS DEDICATED TO AND CELEBRATING THE HUMAN EXPERIENCE WITH AN EMPHASIS ON NORTHWEST TENNESSEE'S UNIQUE CULTURAL HERITAGE AND NATURAL HISTORY.
Describe the Organization's Program Activity:
TO CREATE AND SERVE THE PUBLIC AS A PREMIER MUSEUM AND EDUCATIONAL INSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Scott Williams President/ce | OfficerTrustee | 2 | $258,817 |
Alfred H Creswell Chairperson | OfficerTrustee | 10 | $0 |
Robert L Cartwright Director | Trustee | 2 | $0 |
Terry Hailey Director | Trustee | 2 | $0 |
Johnny Bacon Director | Trustee | 2 | $0 |
Michael E Cox Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allen Searcy Bldr-contr Inc Construction | 12/30/15 | $684,494 |
David Ursery Restoration | 12/30/15 | $105,391 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,049,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,049,226 |
| Total Program Service Revenue | $1,895,990 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $274,364 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,219,580 |
| 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. | $258,616 |
| Compensation of current officers, directors, key employees. | $258,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,349,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,906 |
| Payroll taxes | $191,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,276 |
| Fees for services: Accounting | $86,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,245 |
| Advertising and promotion | $334,317 |
| Office expenses | $68,041 |
| Information technology | $344,947 |
| Royalties | $0 |
| Occupancy | $339,885 |
| Travel | $37,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,365 |
| Insurance | $190,692 |
| All other expenses | $394,819 |
| Total functional expenses | $5,905,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,619,802 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $114,331 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $58,318,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,103,327 |
| Total assets | $88,157,973 |
| Accounts payable and accrued expenses | $2,807 |
| Grants payable | $0 |
| Deferred revenue | $132,947 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $71,743,287 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,906 |
| Total liabilities | $71,918,947 |
| Net assets without donor restrictions | $16,239,026 |
| Net assets with donor restrictions | $0 |
| 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 | $88,157,973 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Discovery Park Of America Inc has recieved totaling $8,134,579.
| Awarding Organization | Amount |
|---|---|
Robert E And Jenny D Kirkland Foundation Union City, TN PURPOSE: EDUCATION | $8,101,156 |
Newell & Bettie Graham Foundation Rives, TN PURPOSE: EDUCATIONAL MUSEUM | $15,000 |
Humanities Tennessee Nashville, TN PURPOSE: HUMANITIES PROJECT | $10,000 |
Humanities Tennessee Nashville, TN PURPOSE: HUMANITIES PROJECT | $8,370 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |