Evansville Museum Of Arts And Science
- Assets
- $21.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 20
- Location
- Evansville, IN
- Founding
- 07/1943
- Data as of
- 12/2021
- EIN
- 35-0874517
Organization Overview
Evansville Museum Of Arts And Science is located in Evansville, IN. The organization was established in 1943. 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, Evansville Museum Of Arts And Science employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evansville Museum Of Arts And 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 12/2021, Evansville Museum Of Arts And Science generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. 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
THE MUSEUM COMMITS TO THE FOLLOWING CORE VALUES: ADHERE TO THE HIGHEST LEVEL OF COLLECTION MANAGEMENT AND INTEGRITY; PROVIDE A DYNAMIC, CHALLENGING EDUCATIONAL EXPERIENCE; HOLD ITSELF TO THE HIGHEST ETHICAL STANDARDS; BE RESPONSIVE TO AND INCLUSIVE OF THE COMMUNITY.
Describe the Organization's Program Activity:
INDIVIDUAL PARTICIPATION IN PROGRAMS, LECTURES, OPENINGS, EVENTS, SYPOSIUMS, TOURS, OUTREACH PROGRAMS, AND WORKSHOPS. SERVED APPROXIMATELY 8,697 VISITORS ON-SITE, APPROXIMATELY 1,200 PEOPLE IN OUTREACH PROGRAMS, AND AN UNKNOWN NUMBER OF PERSONS IN VIRTUAL ATTENDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Bower Executive Director | Officer | 45 | $98,663 |
Andrea Byers Treasurer | OfficerTrustee | 8 | $0 |
David Bucur President-Elect | OfficerTrustee | 8 | $0 |
Stephanie Morris Secretary | OfficerTrustee | 8 | $0 |
Stephanie Engelbrecht President | OfficerTrustee | 8 | $0 |
Jamie Wicks Past President | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $173,317 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $340,410 |
| All other contributions, gifts, grants, and similar amounts not included above | $598,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,111,821 |
| Total Program Service Revenue | $72,806 |
| Investment income | $410,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,249 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,980 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,649,549 |
| 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. | $98,663 |
| Compensation of current officers, directors, key employees. | $98,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,954 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $98,780 |
| Payroll taxes | $41,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,774 |
| Office expenses | $49,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $146,506 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,901 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $356,352 |
| Insurance | $40,605 |
| All other expenses | $15,855 |
| Total functional expenses | $1,538,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,877 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $44,401 |
| Accounts receivable, net | $247,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,205 |
| Prepaid expenses and deferred charges | $26,330 |
| Net Land, buildings, and equipment | $9,442,817 |
| Investments—publicly traded securities | $4,755,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,437,587 |
| Total assets | $21,257,647 |
| Accounts payable and accrued expenses | $126,155 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $475,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $601,355 |
| Net assets without donor restrictions | $10,255,818 |
| Net assets with donor restrictions | $10,400,474 |
| 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 | $21,257,647 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Evansville Museum Of Arts And Science has recieved totaling $7,596.
| Awarding Organization | Amount |
|---|---|
Koch Foundation Inc Evansville, IN PURPOSE: CHARITABLE OPERATIONS | $7,596 |
Endowment Analysis
| Beg. Balance | $9,413,576 |
| Ending Balance | $9,413,576 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |