Science Museum Of Western Virginia
- Assets
- $492.0k
- Revenue
- $691.3k
- Investments
- $0.0
- Employees
- 29
- Location
- Roanoke, VA
- Founding
- 05/1970
- Data as of
- 06/2022
- EIN
- 54-1023953
Organization Overview
Science Museum Of Western Virginia is located in Roanoke, VA. The organization was established in 1970. 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 06/2022, Science Museum Of Western Virginia employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science Museum Of Western Virginia 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 06/2022, Science Museum Of Western Virginia generated $691.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $698.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY SCIENTIFIC EXHIBITS, SCIENCE EDUCATION PROGRAMS AND VARIOUS OTHER PROGRAMS FOR PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS AND IN-MUSEUM PROGRAMMING - PROVIDE EDUCATION TO PUBLIC THROUGH SCIENCE EXHIBITS.
SCHOOL SERVICES - PROVIDE INTERACTIVE SCIENCE EDUCATION CLASSES TO SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Roberts Baako Executive Di | Officer | 40 | $61,850 |
Apostolos P Dallas Board Member | Trustee | 2 | $0 |
Bo Farr Board Member | Trustee | 2 | $0 |
Erik Fox Board Member | Trustee | 2 | $0 |
Fred Greear Secretary | OfficerTrustee | 2 | $0 |
Karen Gribi Treasurer | OfficerTrustee | 2 | $0 |
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 | $310,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,345 |
| Total Program Service Revenue | $380,943 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $691,288 |
| 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. | $61,850 |
| Compensation of current officers, directors, key employees. | $9,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $358 |
| Payroll taxes | $42,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $41,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,462 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,343 |
| Insurance | $5,837 |
| All other expenses | $42,343 |
| Total functional expenses | $698,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,651 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $53,600 |
| Accounts receivable, net | $52,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,330 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $116,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $492,014 |
| Accounts payable and accrued expenses | $40,792 |
| Grants payable | $0 |
| Deferred revenue | $92,079 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $132,871 |
| Net assets without donor restrictions | $78,821 |
| Net assets with donor restrictions | $280,322 |
| 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 | $492,014 |