North Carolina Grassroots Science Museums Collaborative
- Assets
- $1.2m
- Revenue
- $54.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Gastonia, NC
- Founding
- 06/2003
- Data as of
- 06/2022
- EIN
- 56-2203984
Organization Overview
North Carolina Grassroots Science Museums Collaborative, operating under the name Nc Science Network, is located in Gastonia, NC. The organization was established in 2003. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC Science Network 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, NC Science Network generated $54.7k 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 (6.5%) each year. All expenses for the organization totaled $24.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (20.4%) 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
THE ONLY STATEWIDE PARTNERSHIP OF MUSEUMS DEDICATED TO INSPIRING AND EDUCATING TODAY'S YOUTH AND ADULTS IN SCIENCE AND TECHNOLOGY FOR NORTH CAROLINA'S COMPETITIVE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ASSIST MEMBER ORGANIZATIONS IN RETURNING TO AN OPERATING POSITION. GRANTS ARE TO ASSIST WITH RETROFITTING EXHIBITS, REMOVING EXHIBITS TO ALLOWING FOR SOCIAL DISTANCING, PUTTING IN ADDITIONAL SAFETY MEASURES, BUYING PPE, AND TAKING OTHER MEASURES TO PROTECT THE HEALTH AND SAFETY OF THEIR STAFF AND THEIR VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Knight President | OfficerTrustee | 1 | $0 |
Marian King Treasurer | OfficerTrustee | 1 | $0 |
Jonathan Fredrick Director | OfficerTrustee | 1 | $0 |
Karl L Mckinnon Bookkeeper | Trustee | 1 | $0 |
Amanda Bryant Board Member | Trustee | 1 | $0 |
Jamie Dement Holcomb Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $54,308 |
| 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 | $54,658 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,500 |
| Fees for services: Accounting | $6,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,898 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $120 |
| Information technology | $3,291 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,994 |
| Savings and temporary cash investments | $200,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $846,633 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,162,628 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,162,628 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,162,628 |
Grants Awarded
Over the last fiscal year, North Carolina Grassroots Science Museums Collaborative has awarded $56,973 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC | | $15,523 |
Durham, NC | | $11,524 |
Raleigh, NC | | $9,389 |
Greensboro, NC | | $8,002 |
Chapel Hill, NC | | $6,790 |
Belmont, NC | | $5,745 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Grassroots Science Museums Collaborative has recieved totaling $34,350.
| Awarding Organization | Amount |
|---|---|
Triangle Community Foundation Durham, NC PURPOSE: GENERAL PURPOSE | $34,350 |
Endowment Analysis
| Beg. Balance | $1,032,728 |
| Earnings | -$123,946 |
| Admin Expense | $9,898 |
| Other Expense | $52,251 |
| Ending Balance | $846,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
News Media Alliance Arlington, VA | $20,710,538 | $7,719,219 |
American Association Of Museums Arlington, VA | $11,405,115 | $9,674,597 |
Association For Print Technologies Inc Franklin, TN | $5,247,559 | $1,238,108 |
American Press Institute Inc Arlington, VA | $55,812,695 | $5,259,956 |
National Art Education Association Alexandria, VA | $5,332,373 | $7,206,215 |
Architectural Woodwork Institute Potomac Falls, VA | $9,021,141 | $4,703,574 |
Americas Public Television Stations Arlington, VA | $4,157,249 | $3,714,943 |
Capital Partners Certified Development Company Atlanta, GA | $1,705,565 | $2,198,742 |
Nashville Songwriters Association Intl Nashville, TN | $2,574,384 | $2,060,985 |
Association For Education In Journalism And Mass Communication Columbia, SC | $2,490,060 | $1,489,076 |
Apts Action Inc Arlington, VA | $1,654,751 | $1,588,794 |
Virginia Society Of The American Institute Of Architects Richmond, VA | $816,899 | $904,257 |