Mcwane Science Center
- Assets
- $14.7m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 127
- Location
- Birmingham, AL
- Founding
- 02/1992
- Data as of
- 12/2021
- EIN
- 58-1933712
Organization Overview
Mcwane Science Center is located in Birmingham, AL. The organization was established in 1992. 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 12/2021, Mcwane Science Center employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcwane Science Center 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, Mcwane Science Center generated $5.0m 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 (4.7%) each year. All expenses for the organization totaled $6.9m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SCIENCE MUSEUM - THE PURPOSE OF THIS ORGANZIATION IS TO PROVIDE EXPERIMENTIAL SCIENCE LEARNING OPPORTUNITIES FOR VISITORS OF ALL AGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCWANE SCIENCE CENTER CAMPS, CLASSES, AND OVERNIGHT CAMP-IN ADVENTURES MAKE LEARNING AN UNFORGETTABLE ADVENTURE THAT YOU JUST CAN'T EXPERIENCE ANYWHERE ELSE. OUR PROGRAMS SUPPORT YOUR CURRICULUM AND MEET THE ALABAMA COURSE OF STUDY STANDARDS (ACOSS) AND NATIONAL SCIENCE EDUCATION STANDARDS (NSES). MCWANE SCIENCE CENTER MAKES SCIENCE EXCITING AND INSPIRES EXPLORATION IN EACH OF THE YOUNG MINDS THAT ENTER OUR DOORS. AT MCWANE THE BUDDING SCIENTIST CAN DISCOVER A DINOSAUR, TRAVEL INTO OUTER SPACE, OR EXPLORE THE OCEAN FLOOR. VARIOUS THEMES AND ACTIVITIES ALLOW CHILDREN TO EXPERIENCE SOMETHING NEW EACH DAY.
EXHIBITS MCWANE SCIENCE CENTER FEATURES FOUR FLOORS OF INTERACTIVE EXHIBITS. ALL EXHIBITS CELEBRATE SCIENCE AND WONDER - FROM AN AMAZING COLLECTION OF DINOSAURS TO INNOVATIVE ENVIRONMENTAL SHOWCASES, IMAGINATIVE EARLY CHILDHOOD PLAYGROUNDS, AND AN AWE-INSPIRING AQUARIUM
MCWANE SCIENCE CENTER'S IMAX DOME THEATER PUTS YOU IN THE CENTER OF THE ACTION BY PROJECTING BREATHTAKING QUALITY IMAGES ONTO THE 5-STORY-TALL DOME SCREEN AND DELIVERING INTENSE SURROUND SOUND THROUGH ALMOST 3 TONS OF SPEAKERS AND SUBWOOFERS.
OTHER PROGRAM RELATED REVENUE RELATED TO FACILITIES AND PARKING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Templeton CEO | Officer | 40 | $141,848 |
Travis Pritchett Treasurer | OfficerTrustee | 1 | $0 |
Nick Willis Chairman | OfficerTrustee | 1 | $0 |
Bowen Thagard Past Chairman | OfficerTrustee | 1 | $0 |
Stephen Owens Secretary | OfficerTrustee | 1 | $0 |
J Iwan Alexander Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $482,908 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,867,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $662,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,013,323 |
| Total Program Service Revenue | $1,647,106 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,938 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $99,650 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,969,032 |
| 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. | $141,848 |
| Compensation of current officers, directors, key employees. | $141,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,255,439 |
| Pension plan accruals and contributions | $47,603 |
| Other employee benefits | $214,088 |
| Payroll taxes | $174,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80 |
| Fees for services: Accounting | $35,559 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,515 |
| Advertising and promotion | $136,430 |
| Office expenses | $153,305 |
| Information technology | $75,038 |
| Royalties | $120,113 |
| Occupancy | $1,176,253 |
| Travel | $2,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $107 |
| Conferences, conventions, and meetings | $10,749 |
| Interest | $5,914 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,002,434 |
| Insurance | $145,671 |
| All other expenses | -$88,239 |
| Total functional expenses | $6,863,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,164,041 |
| Savings and temporary cash investments | $403,621 |
| Pledges and grants receivable | $73,863 |
| Accounts receivable, net | $122,005 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,985 |
| Prepaid expenses and deferred charges | $31,404 |
| Net Land, buildings, and equipment | $12,886,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,752 |
| Total assets | $14,725,036 |
| Accounts payable and accrued expenses | $595,525 |
| Grants payable | $0 |
| Deferred revenue | $279,236 |
| 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 | $705,000 |
| Other liabilities | $0 |
| Total liabilities | $1,579,761 |
| Net assets without donor restrictions | $12,922,983 |
| Net assets with donor restrictions | $222,292 |
| 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 | $14,725,036 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Mcwane Science Center has recieved totaling $337,154.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: EDUCATIONAL PROGRAMS | $59,000 |
Protective Life Foundations Birmingham, AL PURPOSE: 2020 OPERATING FUNDS | $40,000 |
Robert R Meyer Foundation Birmingham, AL PURPOSE: GENERAL OPERATING | $25,000 |
Mike And Gillian Goodrich Charitable Foundation Birmingham, AL PURPOSE: OPERATING SUPPORT OF ORGANIZATION | $25,000 |
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $25,000 |
Hill Crest Foundation Inc Mountain Brook, AL PURPOSE: SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $4,624,920 |
| Earnings | $527,971 |
| Admin Expense | $24,049 |
| Ending Balance | $5,206,242 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcwane Science Center Birmingham, AL | $14,725,036 | $4,969,032 |
Mississippi Childrens Museum Jackson, MS | $39,596,434 | $5,991,730 |
Miami Childrens Museum Inc Miami, FL | $25,535,882 | $5,887,045 |
Childrens Museum Of Memphis Memphis, TN | $13,720,336 | $2,454,911 |
Childrens Museum Of Tampa Inc Tampa, FL | $2,700,773 | $3,693,381 |
Childrens Museum Of Atlanta Inc Atlanta, GA | $7,234,962 | $4,142,531 |
Creative Discovery Museum Chattanooga, TN | $21,187,184 | $5,712,908 |
Golisano Childrens Museum Of Naples Inc Naples, FL | $18,041,908 | $2,128,193 |
Great Explorations Inc St Petersburg, FL | $3,260,531 | $3,067,549 |
Imaginarium Group Inc Fort Myers, FL | $843,739 | $1,673,865 |
Muse Knoxville Knoxville, TN | $1,015,860 | $1,450,790 |
Lynn Meadows Discovery Center Gulfport, MS | $5,626,524 | $1,597,189 |