Museum Of Science And Industry

Organization Overview

Museum Of Science And Industry is located in Chicago, IL. The organization was established in 1938. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Museum Of Science And Industry employed 355 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Science And Industry 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 12/2020, Museum Of Science And Industry generated $51.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $46.6m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

MSI'S MISSION IS TO INSPIRE THE INVENTIVE GENIUS IN EVERYONE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WORLD-CLASS PERMANENT EXHIBITIONS INCLUDE SCIENCE STORMS, A 26,000-SQUARE-FOOT EXHIBIT THAT REVEALS THE EXTRAORDINARY SCIENCE BEHIND SOME OF NATURE'S MOST POWERFUL AND COMPELLING PHENOMENA; AND YOU! THE EXPERIENCE, A 15,000-SQUARE-FOOT EXHIBIT THAT EXPLORES THE HUMAN MIND, BODY AND SPIRIT. OTHER FAVORITE EXPERIENCES INCLUDE THE U-505 SUBMARINE, THE ONLY GERMAN U-BOAT CAPTURED DURING WORLD WAR II, SURROUNDED BY MORE THAN 30,000 SQUARE FEET OF ARTIFACTS AND INTERACTIVE ACTIVITIES; THE COAL MINE, A REPRODUCTION OF AN ILLINOIS COAL MINE THAT TAKES GUEST DOWN 50 FEET IN A REAL HOIST TO THE BOTTOM OF A MINESHAFT; THE GREAT TRAIN STORY, A DYNAMIC MODEL DISPLAY THAT ILLUSTRATES MODERN RAIL OPERATION; AND THE GIANT DOME THEATER, WHICH FEATURES EDUCATIONAL FILMS, RICH IN CONTENT AND PRESENTED ON CHICAGO'S ONLY FIVE-STORY, DOMED WRAP-AROUND MOVIE SCREEN.


EDUCATIONAL PROGRAMS AND ACTIVITIES. THE MUSEUM'S WELCOME TO SCIENCE INITIATIVE IMPACTS GUESTS AND STUDENTS IN THE BUILDING AND IN THEIR COMMUNITIES IN A VARIETY OF WAYS. MSI OFFERS LIVE SCIENCE DEMONSTRATIONS, FACILITATED LEARNING LABS FOR SCHOOL GROUPS, FREE TEACHER DEVELOPMENT AND TRAINING, ONLINE EXPERIMENTS AND LESSON PLANS, AFTER-SCHOOL SCIENCE CLUB NETWORKS IN UNDERSERVED COMMUNITIES, AND A CLUB FOR TEENS THAT HELPS THEM LEARN SCIENCE SKILLS AS THEY PREPARE FOR COLLEGE.


MUSEUM AND OPERATIONS, WHICH INCLUDE PROGRAM SUPPORT SERVICES AND EXHIBIT MAINTENANCE. THESE EXPENSES SUPPORT THE MUSEUM'S VISION OF INSPIRING AND MOTIVATING CHILDREN TO ACHIEVE THEIR FULL POTENTIAL IN SCIENCE, TECHNOLOGY, AND ENGINEERING BY PROVIDING GUESTS AND TEACHERS WITH INTEGRATED LEARNING EXPERIENCES AND PROGRAMMING THAT IS CENTERED ON EXCITING AND INTERACTIVE EXHIBITS THAT HELP EXPLAIN HOW SCIENCE DIRECTLY IMPACTS OUR DAILY LIVES.


RETAIL AND SUPPORTING SERVICES REPRESENT VARIOUS PROGRAM OFFERINGS THAT ENHANCE THE GUEST EXPERIENCE. THESE INCLUDE THE MUSUEM STORE, FOOD SERVICES, AND PARKING SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Berglund Construction Company
Construction
$4,480,929
Elens & Maichin Roofing & Sheet Metal In
Roofing Contractor
$1,463,068
Midway Building Services
Janitorial
$1,403,099
41 North Contractors Llc
Construction
$903,040
Securitas Security Services Usa Inc
Security
$1,372,920
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,337,544
Fundraising events$1,294,908
Related organizations$0
Government grants $5,598,940
All other contributions, gifts, grants, and similar amounts not included above$38,723,741
Noncash contributions included in lines 1a–1f $9,274,459
Total Revenue from Contributions, Gifts, Grants & Similar$46,955,133
Total Program Service Revenue$2,455,509
Investment income $2,927,658
Tax Exempt Bond Proceeds $0
Royalties $14,023
Net Rental Income $59,816
Net Gain/Loss on Asset Sales -$1,334,126
Net Income from Fundraising Events -$558,825
Net Income from Gaming Activities -$21,550
Net Income from Sales of Inventory $119,452
Miscellaneous Revenue$0
Total Revenue $51,692,982

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Museum Of Science And Industry has recieved totaling $6,000.

Awarding OrganizationAmount
Allyn Foundation Incorporated A Delaware Corp

Hinsdale, IL

PURPOSE: MUSEUM PROGRAMS

$3,000
Lucille E And Joseph L Block Fndn

Winnetka, IL

PURPOSE: GENERAL CHARITABLE SUPPORT

$2,500
The Barr Fund

Chicago, IL

PURPOSE: GENERAL FUND

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$23,542,145
Earnings$2,167,118
Net Contributions$787,500
Other Expense$913,000
Ending Balance$25,583,763

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