Museum Of Discovery

Organization Overview

Museum Of Discovery is located in Little Rock, AR. The organization was established in 1978. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Museum Of Discovery employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Discovery 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, Museum Of Discovery generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IGNITE A PASSION FOR SCIENCE, TECHNOLOGY AND MATH IN A DYNAMIC, INTERACTIVE ENVIRONMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OTHE MUSEUM OF DISCOVERY SERVED OVER 45,740 INDIVIDUALS IN ITS FACILITY WITH HANDS-ON EXHIBITS AND ON SITE PROGRAMMING IN 2021. THE MUSEUM PROVIDED UNIQUE IN-HOUSE EDUCATIONAL PROGRAMS FOR STUDENTS FROM 17 OF THE 75 ARKANSAS COUNTIES, AND FROM 4 DIFFERENT STATES.


SEE SCHEDULE OTHE ARKANSAS DISCOVERY NETWORK IS A PROGRAM OF THE MUSEUM OF DISCOVERY. THE NETWORK IS A CONSORTIUM OF LIBRARIES AND SCHOOLS, WHICH ARE LOCATED IN MULTIPLE SITES ACROSS THE STATE OF ARKANSAS AND ARE DEDICATED TO SERVING CHILDREN AND THEIR FAMILIES, ESPECIALLY IN RURAL AREAS WITH HIGH QUALITY EDUCATIONAL EXHIBITS, PROGRAMMING AND PROFESSIONAL DEVELOPMENT. BY PARTICIPATING IN THE NETWORK, THE PARTNER LOCATIONS ARE STRENGTHENED TO BETTER SERVE THEIR COMMUNITIES THROUGH PROFESSIONAL DEVELOPMENT AND COLLABORATION WITH PEERS.


SEE SCHEDULE OIN 2021, THE MUSEUM SERVED APPROXIMATELY 11,805 STUDENTS IN THE STATE WITH EDUCATION PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Kelley Bass
Chief Executive Officer
$132,032
Jon Dor
Chief Financial Officer
$91,000
Wade Radke
Chair Elect
$0
Elizabeth Childers Parker
Chair
$0
Bob Childress
Treasurer
$0
Miguel Lopez
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hands On Inc
Digital Marketing
$271,389
All-clean Usa
Restoration Services
$399,479
Ac Services And Mechanical Llc
A/c Services
$136,441
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$335,640
Related organizations$0
Government grants $1,571,417
All other contributions, gifts, grants, and similar amounts not included above$668,277
Noncash contributions included in lines 1a–1f $33,670
Total Revenue from Contributions, Gifts, Grants & Similar$2,575,334
Total Program Service Revenue$463,217
Investment income $52,872
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,428,515
Net Income from Fundraising Events -$25,644
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $20,535
Miscellaneous Revenue$0
Total Revenue $7,522,016

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Museum Of Discovery has recieved totaling $137,056.

Awarding OrganizationAmount
Centerpoint Energy Foundation Inc

Houston, TX

PURPOSE: MUSEUM OF DISCOVERY SCIENCE FOR ALL AND EDUCATIONAL OUTREACH

$25,000
Arconic Foundation

Pittsburgh, PA

PURPOSE: GIRLS IN STEM 2022 PROGRAM AT THE MUSEUM OF DISCOVERY

$25,000
Paypal Charitable Giving Fund

Washington, DC

PURPOSE: General Support

$22,046
Bodenhamer Foundation

Ft Collins, CO

PURPOSE: PROVIDE LEARNIG ECPERIENCE FOR KIDS

$20,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$15,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$8,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,184,471
Earnings$257,054
Net Contributions$247,500
Other Expense$59,341
Ending Balance$2,629,684

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