Amazement Square
- Assets
- $7.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 35
- Location
- Lynchburg, VA
- Founding
- 11/1994
- Data as of
- 12/2020
- EIN
- 54-1713204
Organization Overview
Amazement Square is located in Lynchburg, VA. The organization was established in 1994. According to its NTEE Classification (A52) the organization is classified as: Children's Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Amazement Square employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amazement Square 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, Amazement Square generated $1.0m 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 (8.9%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2020. 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
AMAZEMENT SQUARE CULTIVATES AN ENGAGED COMMUNITY OF LIFELONG LEARNERS BY SPARKING IMAGINATION, CREATIVITY, AND CURIOSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHILDREN'S MUSEUM DEDICATED TO MOTIVATING CHILDREN AND ADULTS OF ALL BACKGROUNDS AND ABILITIES TOWARDS GREATER CREATIVITY AND UNDERSTANDING OF THE WORLD THROUGH HANDS-ON LEARNING AND EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mort Sajadian PHD Executive Director | Officer | 40 | $168,426 |
Frances J Giles Secretary | OfficerTrustee | 2 | $0 |
Tim Groover Vice Chair | OfficerTrustee | 2 | $0 |
Hylan T Hubbard III Director | OfficerTrustee | 2 | $0 |
Thomas W Pettyjohn Jr Treasurer | OfficerTrustee | 2 | $0 |
Kasey Forehand Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $719,029 |
| Investment income | $38,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,049 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,033,755 |
| 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. | $160,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $586,944 |
| Pension plan accruals and contributions | $14,975 |
| Other employee benefits | $56,882 |
| Payroll taxes | $66,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,017 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283,276 |
| Insurance | $39,546 |
| All other expenses | $0 |
| Total functional expenses | $1,504,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,946 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $234,311 |
| Accounts receivable, net | $2,314 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,204 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,687,480 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,403 |
| Total assets | $7,800,718 |
| Accounts payable and accrued expenses | $10,222 |
| 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 | $571,179 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,336 |
| Total liabilities | $595,737 |
| 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 | $7,204,981 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Amazement Square has recieved totaling $260,204.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $78,000 |
M4k Lynchburg Inc Lynchburg, VA PURPOSE: IMPROVE THE QUALITY OF LIFE FOR LOCAL CHILDREN | $50,000 |
Organization Name not Listed PURPOSE: SUPPORT FOR STEAM-BASED TRAVELING EXHIBITION | | $45,000 |
The Helen S And Charles G Patterson Jr Charitable Foundation Trust Orlando, FL PURPOSE: GENERAL OPERATING | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $17,350 |
Greater Lynchburg Community Foundation Lynchburg, VA PURPOSE: ANNUAL DONOR-DESIGNATED GRANT; TO PROVIDE PROGRAM SUPPORT - EVERYONE IS SPECIAL, SMART BEGINNINGS | $13,558 |
Endowment Analysis
| Beg. Balance | $1,749,405 |
| Earnings | $123,041 |
| Net Contributions | $34 |
| Other Expense | $185,000 |
| Ending Balance | $1,687,480 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Maryland Book Bank Inc Baltimore, MD | $907,685 | $4,917,061 |
Baltimore Childrens Museum Inc Baltimore, MD | $20,197,093 | $5,154,726 |
Childrens Museum Of Memphis Memphis, TN | $13,720,336 | $2,454,911 |
Creative Discovery Museum Chattanooga, TN | $21,187,184 | $5,712,908 |
Northern Virginia Science Center Foundation Fairfax, VA | $12,837,527 | $5,104,096 |
Childrens Museum Of Richmond Richmond, VA | $8,094,641 | $4,347,352 |
Moco Kidsco Bethesda, MD | $1,515,612 | $3,185,373 |
Association Of Childrens Museums Inc Arlington, VA | $3,950,433 | $4,135,274 |
Amazement Square Lynchburg, VA | $7,800,718 | $1,033,755 |
Muse Knoxville Knoxville, TN | $1,015,860 | $1,450,790 |
Childrens Museum Corporation Of Rutherford County Murfreesboro, TN | $5,763,596 | $2,253,346 |
Living Arts & Science Center Inc Lexington, KY | $4,687,840 | $645,337 |