The Discovery Science Place Inc
- Assets
- $2.0m
- Revenue
- $305.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Tyler, TX
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 75-2392134
Organization Overview
The Discovery Science Place Inc is located in Tyler, TX. The organization was established in 1991. 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, Discovery Science Place Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Science Place 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 12/2021, Discovery Science Place Inc generated $305.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $239.5k 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
LEARNING ENVIRONMENT THROUGH EXHIBITS WHICH IGNITE CURIOSITY THROUGH FUN, HANDS-ON EXPLORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STILL RESPONDING TO COVID-19, DISCOVERY SCIENCE PLACE SAW DRASTICALLY REDUCED VISITATION BY FIELD TRIPS AND MOBILE OUTREACH WAS LIMITED DURING THE SCHOOL YEAR. THUS, DISCOVERY SCIENCE PLACE FOCUSED INTERNALLY AND RENOVATED TWO SMALL EXHIBIT SPACES TO OPEN ITS NEW HOMETOWN VET CLINIC AND PROJECT TORNADO AS WELL AS REPAINTING THE DISOVERY STORE, ADMISSONS RECEPTION, AND UPDATING THE TRAVELING EXHIBITION "EXPEDITION EGYPT."
DUE TO COVID-19, OUR ANNUAL MAKER FAIRE EVENT WAS POSTPONDED TO A FUTURE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Moore Interim Executive Dir. | Officer | 40 | $44,500 |
Lacie Ballinger Executive Director | Officer | 40 | $1,000 |
Joshua Johnson Chair-Elect | OfficerTrustee | 1 | $0 |
Georgia Harris Development Chair | OfficerTrustee | 1 | $0 |
Gabriel Mendoza Board Chair | OfficerTrustee | 1 | $0 |
Amanda Montomery Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,458 |
| Related organizations | $0 |
| Government grants | $12,826 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,696 |
| Noncash contributions included in lines 1a–1f | $6,240 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,980 |
| Total Program Service Revenue | $0 |
| Investment income | $18,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,810 |
| Net Income from Fundraising Events | $1,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,679 |
| 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 | $50,547 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,616 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,458 |
| Office expenses | $5,834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,629 |
| Insurance | $21,098 |
| All other expenses | $8,717 |
| Total functional expenses | $239,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,966 |
| Savings and temporary cash investments | $0 |
| 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 | $34,000 |
| Net Land, buildings, and equipment | $785,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $998,142 |
| Total assets | $2,035,755 |
| Accounts payable and accrued expenses | $26,352 |
| 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 | $26,352 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $2,009,403 |
| Total liabilities and net assets/fund balances | $2,035,755 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Discovery Science Place Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
A S Genecov Foundation Tyler, TX PURPOSE: PUBLIC SERVICE | $2,800 |
James I Perkins Family Foundation Tyler, TX PURPOSE: EDUCATIONAL | $200 |
Endowment Analysis
| Beg. Balance | $850,504 |
| Earnings | $81,938 |
| Admin Expense | $13,616 |
| Ending Balance | $918,826 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Antonio Childrens Museum San Antonio, TX | $50,471,816 | $7,193,393 |
Childrens Museum Inc Houston, TX | $41,895,143 | $8,015,634 |
Howard County Childrens Center Inc Nashville, AR | $6,009,144 | $5,154,134 |
Explora Science Center & Childrens Museum Of Albuquerque Albuquerque, NM | $9,408,039 | $6,717,766 |
Austin Childrens Museum Austin, TX | $3,973,786 | $3,420,353 |
Louisiana Childrens Museum New Orleans, LA | $51,750,591 | $13,869,102 |
Jasmine Moran Childrens Museum Foundation Inc Seminole, OK | $18,731,032 | $2,824,310 |
Enid Arts And Sciences Foundation Enid, OK | $3,878,571 | $824,375 |
Santa Fe Childrens Museum Inc Santa Fe, NM | $1,785,102 | $1,516,731 |
The Woodlands Childrens Museum The Woodlands, TX | $375,728 | $1,048,376 |
Bayou Country Childrens Museum Thibodaux, LA | $3,094,009 | $1,071,915 |
Epc Museum El Paso, TX | $45,971,408 | $16,291,718 |