Science Center Of Iowa
- Assets
- $41.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 116
- Location
- Des Moines, IA
- Founding
- 10/1966
- Data as of
- 09/2020
- EIN
- 42-6097912
Organization Overview
Science Center Of Iowa is located in Des Moines, IA. The organization was established in 1966. 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 09/2021, Science Center Of Iowa employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science Center Of Iowa 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 09/2020, Science Center Of Iowa generated $6.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $5.9m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE SCIENTIFIC EXPLORATION THROUGH INTERACTIVE EDUCATION, EXHIBTS, AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS: THE SCIENCE CENTER OF IOWA HAS BEEN PART OF THE CULTURAL COMMUNITY OF IOWA SINCE OPENING IN 1966. THE CURRENT, 110,000 SQUARE FOOT SCIENCE CENTER OF IOWA FACILITY OPENED IN DOWNTOWN DES MOINES IN 2005 AND HOUSES OVER 30,000 SQUARE FEET OF ENGAGING EXHIBIT AREAS WHERE VISITORS CAN EXPLORE, LEARN, AND DISCOVER THROUGH HANDS-ON INTERACTION WITH SCIENCE AND TECHNOLOGY FOCUSED EXHIBITS. THE FACILITY ALSO INCLUDES AN ADDITIONAL EXHIBIT HALL THAT HOSTS BOTH TRAVELING EXHIBITS AND SPECIAL EVENTS. IN ADDITION, SCI HOUSES THE JOHN DEERE ADVENTURE THEATER FEATURING LIVE SCIENCE THEATER PERFORMANCES AND THE STAR THEATER PLANETARIUM WHICH FEATURES ASTRONOMY PROGRAMS AND SHOWS.
PRESCHOOL PROGRAM: FOR MORE THAN 40 YEARS, THE SCIENCE CENTER OF IOWA'S PRESCHOOL HAS PROVIDED CHILDREN WITH THE OPPORTUNITY TO EXPERIENCE HANDS-ON ACTIVITIES, EXPLORE A VARIETY OF TOPICS AND LEARN POSITIVE SOCIAL INTERACTION SKILLS IN THE UNIQUE SCIENCE-BASED SETTING OF THE SCIENCE CENTER OF IOWA. THE LOCATION OF THE PRESCHOOL SOLIDIFIES THE SCIENCE CENTER'S COMMITMENT TO PREPARING CHILDREN FOR THEIR FUTURE EDUCATION, WHILE ALSO OFFERING THEM OPPORTUNITIES FOR FUN AS PART OF THE LEARNING EXPERIENCE. THE SCIENCE CENTER OF IOWA PRESCHOOL RECEIVED NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN (NAEYC) ACCREDITATION IN AUGUST OF 2008 AND CONTINUES TO MAINTAIN THAT CERTIFICAITON.
EDUCATION: THE SCIENCE CENTER OF IOWA PROVIDES ENGAGING AND INSPIRING STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH) EDUCATIONAL PROGRAMS TO SCHOOLS, GROUPS, AND THE GENERAL PUBLIC. THESE INTERACTIVE PROGRAMS AND DEMOSTRATIONS ARE PROVIDED DAILY TO VISITORS IN THE EXHIBIT AREAS, THEATERS, AND IN CLASSROOMS LOCATED IN THE IOWA LEARNING CENTER WING OF THE SCIENCE CENTER OF IOWA. EDUCATIONAL PROGRAMS ARE ALSO DELIVERED THROUGH SCI SUMMER CAMPS, THE SCI OUTREACH PROGRAM, AND THROUGH ADDITIONAL WORKSHOPS, EVENTS, AND CLASSES OFFERED TO PRESCHOOL-AGED CHILDREN THROUGH ADULT AUDIENCES. FURTHER, SCIENCE CENTER OF IOWA DELIVERS SCIENCE FOCUSED EDUCATION PROGRAMS THROUGH THE SCI PRESCHOOL WHICH OPENED IN 1971.
OTHER PROGRAM SERVICES INCLUDE A RETAIL SHOP, GUEST SERVICES, FACILITY RENTAL, OPERATIONS, IMAX, BUILDING AND GROUNDS, AND THE PARKING GARAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Simmons President/ceo | Officer | 40 | $182,070 |
Dan Raedeker VP Of Community Engagement | 40 | $110,529 | |
Ni Wagner CFO & VP Of Retail & Facil | Officer | 40 | $107,836 |
Renee Harmon VP Of Science Learning | 40 | $107,836 | |
Sheldon S Ohringer Vice Chair/chair Elect | OfficerTrustee | 2 | $0 |
Lisa Banker Chairwoman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,475,468 |
| Investment income | $78,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,091 |
| Net Income from Fundraising Events | $16,484 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$17,824 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,707,633 |
| Statement of Expenses | |
|---|---|
| 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. | $544,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,558,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $424,718 |
| Payroll taxes | $152,292 |
| Fees for services: Management | $67,819 |
| Fees for services: Legal | $49,568 |
| Fees for services: Accounting | $34,028 |
| Fees for services: Lobbying | $165,639 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,392 |
| Fees for services: Other | $116,238 |
| Advertising and promotion | $134,337 |
| Office expenses | $14,847 |
| Information technology | $14,845 |
| Royalties | $0 |
| Occupancy | $413,931 |
| Travel | $10,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $131,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $972,638 |
| Insurance | $127,682 |
| All other expenses | $0 |
| Total functional expenses | $5,872,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,260,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,071,779 |
| Accounts receivable, net | $404,092 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $370,098 |
| Prepaid expenses and deferred charges | $53,131 |
| Investments—publicly traded securities | $2,921,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,082,841 |
| Accounts payable and accrued expenses | $429,388 |
| Grants payable | $0 |
| Deferred revenue | $277,007 |
| 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 | $3,274,047 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $527,100 |
| Total liabilities | $4,507,542 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $36,575,299 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Science Center Of Iowa has recieved totaling $4,220.
| Awarding Organization | Amount |
|---|---|
Tuw Robert L & Ruth E Wiese Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $3,445 |
Brenton Foundation Des Moines, IA PURPOSE: CHARITABLE | $500 |
Raccoon Valley Bank Charitable Foundation Perry, IA PURPOSE: GENERAL OPERATIONS | $250 |
Bryant Foundation Inc Cedar Rapids, IA PURPOSE: EDUCATIONAL | $25 |
Endowment Analysis
| Beg. Balance | $2,991,582 |
| Earnings | $540,832 |
| Admin Expense | $22,866 |
| Other Expense | $122,422 |
| Ending Balance | $3,387,126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Center Of Iowa Des Moines, IA | $41,082,841 | $6,707,633 |
Chicago Academy Of Sciences Chicago, IL | $19,110,574 | $7,149,259 |
Strategic Air Command & Aerospace Museum Ashland, NE | $15,128,012 | $3,213,097 |
The Bakken Minneapolis, MN | $18,952,079 | $3,559,715 |
Wisconsin Agricultural Education Center Inc Manitowoc, WI | $11,673,876 | $384,322 |
Wood Library-Museum Of Anesthesiology Schaumburg, IL | $13,983,152 | $1,032,421 |
Beller Museum Westmont, IL | $72,757 | $0 |
Homewood Science Center Homewood, IL | $444,098 | $145,048 |
Iowa Academy Of Science Cedar Falls, IA | $335,471 | $87,693 |
Chippewa Falls Museum Of Industry & Technology Inc Chippewa Falls, WI | $1,040,254 | $178,539 |
Great Lakes Aerospace Science And Education Center Inc Sheboygan, WI | $27,135 | $0 |
Charles E Gagnon Museum And Sculpture Garden Inc Rochester, MN | $380,752 | $88,320 |