Discovery World Ltd

Organization Overview

Discovery World Ltd is located in Milwaukee, WI. The organization was established in 1991. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Discovery World Ltd employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery World Ltd 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 World Ltd generated $7.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DISCOVERY WORLD EDUCATES, MOTIVATES,MOBILIZES AND INSPIRES THE INNOVATORS AND ENTREPRENEURS OF THE 21ST CENTURY. WE CONNECT INNOVATION, SCIENCE, AND TECHNOLOGY WITH EXPLORATION, ENVIRONMENT, AND OUR GREAT LAKES FRESHWATER RESOURCES THROUGH INTERACTIVE EXHIBITS AND EXPERIMENTAL LEARNING PROGRAMS.

Describe the Organization's Program Activity:

THE MUSEUM OFFERS EDUCATIONAL PROGRAMS, CAMPS AND TOURS TO THE PUBLIC WHICH PROVIDES THE PUBLIC AN OPPORTUNITY TO INTERACT WITH THE SCIENTIFIC, ECONOMIC, AND TECHNOLOGICAL EXHIBITS.


SCHOONER EDUCATIONAL PROGRAMS FOCUSING ON SHIP BUILDING, THE GREAT LAKES, AND WATER ECOLOGY. DISCOVERY WORLD ALSO OPERATES A MARITIME MUSEUM WHICH DEMONSTRATES HISTORICAL INFORMATION ABOUT LIFE ON THE GREAT LAKES.


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Board, Officers & Key Employees

Name (title)Compensation
Bryan Wunar
CEO And President
$180,731
Carl Schoettel
Chief Operating Officer
$123,377
James Karls
Chief Financial Officer
$97,160
John Emmerich
VP Exhibits And Audience Engagement
$94,376
Terrence Mcmahon
Board Chair
$0
Joe Pfaff
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gilbane Building Company
Construction
$219,108
Learning Shop
Operation Of Gift Shop
$212,272
Roto Group Llc
Exhibit Design
$326,800
Psab
Office Cleaning
$244,554
Staff Electric
Construction/repairs
$278,475
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$431,941
Fundraising events$144,130
Related organizations$0
Government grants $3,517,277
All other contributions, gifts, grants, and similar amounts not included above$1,886,942
Noncash contributions included in lines 1a–1f $76,104
Total Revenue from Contributions, Gifts, Grants & Similar$5,980,290
Total Program Service Revenue$1,491,171
Investment income $103,432
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$431,135
Net Gain/Loss on Asset Sales $45,186
Net Income from Fundraising Events $157,101
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$3,129
Miscellaneous Revenue$0
Total Revenue $7,226,516

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Discovery World Ltd has recieved totaling $5,000.

Awarding OrganizationAmount
Debbink Family Foundation Inc

Oconomowoc, WI

PURPOSE: ANNUAL APPEAL

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$945,719
Ending Balance$945,719

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