Cox Science Center And Aquarium Inc
- Assets
- $15.1m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 46
- Location
- West Palm Beach, FL
- Founding
- 04/1959
- Data as of
- 09/2021
- EIN
- 59-0915177
Organization Overview
Cox Science Center And Aquarium Inc is located in West Palm Beach, FL. The organization was established in 1959. 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 09/2022, Cox Science Center And Aquarium Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cox Science Center And Aquarium Inc 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 09/2021, Cox Science Center And Aquarium Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $4.1m during the year ending 09/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO EXCITE CURIOSITY AND FURTHER THE UNDERSTANDING AND APPRECIATION OF SCIENCE AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCIENCE CENTER WELCOMED MORE THAN 240,000 VISITORS LAST YEAR. THE CENTER FEATURES MORE THAN 100 INTERACTIVE EXHIBITS, AN IMMERSIVE FRESH AND SALTWATER AQUARIUM, FULL-DOME PLANETARIUM, THE WORLD'S MOST ADVANCED EXHIBIT ON THE HUMAN BRAIN, AND AN OUTDOOR SCIENCE-THEMED TRAIL.
THE CENTER SERVED OVER 100,000 STUDENTS THROUGH OUTREACH EDUCATION, IN-HOUSE FIELD TRIPS AND FAMILY PROGRAMS AND OVER 25,000 OF THESE STUDENTS ARE SERVED THROUGH ITS AWARD-WINNING STEM NIGHT PROGRAMS IN THE SCHOOLS. OUR MAIN TARGET FOR EDUCATIONAL GRANT PROGRAMMING IS PALM BEACH COUNTY SCHOOL DISTRICT TITLE 1 STUDENTS FROM KINDERGARTEN THROUGH 8TH GRADE. THE SCHOOL DISTRICT IS THE 10TH LARGEST IN THE NATION AND ALMOST 45% OF THE STUDENTS PARTICIPATING COME FROM UNDER-SERVED COMMUNITIES THROUGH GRANT PROGRAMMING INITIATIVES UNDER A DISTRICT-WIDE AGREEMENT. THE PARTNERSHIP FOCUSES ON IMPROVEMENT IN STUDENT ACHIEVEMENT BY GRANTING STUDENTS ACCESS TO REAL-WORLD STEM EXPERIENCES.
PROVIDED GUEST SERVICES, A MUSEUM STORE AND MEMBERSHIPS TO ENHANCE THE VISITOR'S EXPERIENCE. HOSTED MONTHLY SCIENCE-THEMED COMMUNITY EVENTS INCLUDING ADULT LECTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis Crampton Chairman | OfficerTrustee | 10 | $0 |
Dave Nicholson Vice Chairman | OfficerTrustee | 6 | $0 |
Harvey Oyer III Secretary | OfficerTrustee | 4 | $0 |
Eric Stonestrom Treasurer | OfficerTrustee | 4 | $0 |
Alex Coleman Trustee | Trustee | 1 | $0 |
Caroline Cummings Rafferty Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,567,809 |
| Investment income | $4,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,740 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$58,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $112,280 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,179,164 |
| 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. | $166,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,319,777 |
| Pension plan accruals and contributions | $19,910 |
| Other employee benefits | $125,581 |
| Payroll taxes | $111,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $114,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,880 |
| Advertising and promotion | $152,372 |
| Office expenses | $144,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $311,490 |
| Travel | $3,734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,201 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $432,117 |
| Insurance | $125,156 |
| All other expenses | $0 |
| Total functional expenses | $4,138,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $3,770,692 |
| Pledges and grants receivable | $257,180 |
| Accounts receivable, net | $3,075 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,294 |
| Prepaid expenses and deferred charges | $207,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530,230 |
| Total assets | $15,064,947 |
| Accounts payable and accrued expenses | $190,822 |
| Grants payable | $0 |
| Deferred revenue | $124,444 |
| 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 | $443,054 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $850,788 |
| Total liabilities | $1,609,108 |
| 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 | $13,455,839 |