Pacific Science Center Foundation
- Assets
- $49.8m
- Revenue
- $14.6m
- Investments
- $7.0m
- Employees
- 171
- Location
- Seattle, WA
- Founding
- 03/1964
- Data as of
- 06/2022
- EIN
- 91-0750867
Organization Overview
Pacific Science Center Foundation, operating under the name Pacific Science Center, is located in Seattle, WA. The organization was established in 1964. 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 06/2022, Pacific Science Center employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific 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 06/2022, Pacific Science Center generated $14.6m 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 (5.5%) each year. All expenses for the organization totaled $11.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) 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
PACIFIC SCIENCE CENTER IGNITES CURIOSITY IN EVERY CHILD AND FUELS A PASSION FOR DISCOVERY, EXPERIMENTATION, AND CRITICAL THINKING IN ALL OF US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACIFIC SCIENCE CENTER IS WASHINGTON'S LEADING INSTITUTION FOR INFORMAL SCIENCE LEARNING FOR PEOPLE OF ALL AGES. USING THE COVID-19 CRISIS AS A CATALYST FOR INNOVATION, WE DEVELOPED DIGITAL PROGRAMS THAT CREATED NEW OPPORTUNITIES TO SERVE THE COMMUNITY. CURIOSITY AT HOME PROVIDED MORE THAN 496,000 YOUTH, FAMILIES, AND TEACHERS WITH FREE, AGE-APPROPRIATE ACTIVITIES ACROSS MULTIPLE STEM TOPICS. LED BY SCIENCE EDUCATORS, VIRTUAL FIELD TRIPS BRING PACSCI'S WORLD-CLASS STEM EDUCATION INTO CLASSROOMS TO SUPPLEMENT STEM CURRICULUM WITH EASY-TO-SCHEDULE CONTENT FREE FROM GEOGRAPHIC BARRIERS. THIS YEAR, WE DELIVERED 546 PROGRAMS TO 28,279 STUDENTS (16,263 ATTENDED TITLE I SCHOOLS). SINCE 1973, SCIENCE ON WHEELS HAS BEEN REACHING OUT TO RURAL, SMALL, AND UNDERSERVED COMMUNITIES THAT HAVE LIMITED ACCESS TO STEM EDUCATION. SUSPENDED DUE TO COVID-19 RESTRICTIONS, THIS IN-PERSON PROGRAM HAS RESUMED IN FY23.
CAMPS FOR CURIOUS MINDS HELPED FILL GAPS IN IN-PERSON CHILDCARE AND PROVIDED SAFE, ENRICHING EXPERIENCES THROUGHOUT THE SUMMER AT FIVE LOCATIONS. PACSCI OFFERED MORE THAN 100 UNIQUE CAMP EXPERIENCES FEATURING A VARIETY OF STEAM TOPICS, INCLUDING ENGINEERING, ROBOTICS, ASTRONOMY, CHEMISTRY, ANATOMY, EPIDEMIOLOGY, ENVIRONMENTAL EDUCATION, COMPUTER SCIENCE AND MORE. 24 SENSORY-FRIENDLY AND 13 GIRLS-FOCUSED OFFERINGS ENSURED CAMPS EXPERIENCES WERE ACCESSIBLE TO ALL. WE ARE VERY PROUD TO HAVE NEARLY DOUBLED THE AMOUNT OF FULL SCHOLARSHIPS WE PROVIDE TO YOUTH TO 315 IN FY22 AND SERVED 3,425 IN TOTAL. WE HAVE EXPANDED OUR LOCATIONS TO SIX, INCLUDING SOUTH SEATTLE, FOR FY23.
WHILE ONSITE PROGRAMS WERE SUSPENDED DUE TO COVID-19, PACSCI RESUMED LIMITED OPERATIONS IN 2022. THIS INCLUDED 9,115 VISITORS TO A SPECIAL EXHIBIT, HOCKEY: FASTER THAN EVER IN WINTER 2021-22. PACSCI IS ALSO HOME TO SEATTLE'S ULTIMATE IMAX EXPERIENCE AND THE MOST BREATHTAKING LASER DOME EXPERIENCE IN NORTH AMERICA RESUMED IN SPRING 2022. GENERAL ADMISSION, INCLUDING THE TROPICAL BUTTERFLY HOUSE, PLANETARIUM, LIVE SCIENCE SHOWS, TINKER TANK MAKERSPACE, JUST FOR TOTS, AND FREE LASER SHOWS, RESUMED IN FY23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Daugherty President & CEO | Officer | 50 | $539,231 |
Eleanor Bradley Chief Marketing Officer Thru 11/21 | Officer | 50 | $261,065 |
Regina Ford Sr VP Of People & Culture | 50 | $212,783 | |
Paul Chiocco VP Of Development | 50 | $184,856 | |
Diana Johns VP Of Exhibits, Education & Outreach | 50 | $181,465 | |
Brandon Morgan Director Of Finance & Accounting | 50 | $137,885 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Camilo Saavedra - Cas Construction Solut Construction | 6/29/22 | $435,407 |
Dh Puget Sound Llc Management Consulting | 6/29/22 | $267,913 |
Clark Nuber Accounting | 6/29/22 | $105,088 |
4 Aces Restoration Llc Asbestos Abatement | 6/29/22 | $113,809 |
Forum One Communications Corporation Web Design | 6/29/22 | $272,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $42,361 |
| Membership dues | $31,027 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,001,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,825,293 |
| Noncash contributions included in lines 1a–1f | $124,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,900,421 |
| Total Program Service Revenue | $1,962,167 |
| Investment income | $300,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $405,614 |
| Net Gain/Loss on Asset Sales | $4,891 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,249 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,639,761 |
| 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. | $565,185 |
| Compensation of current officers, directors, key employees. | $448,139 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,226,848 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $271,881 |
| Payroll taxes | $385,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,827 |
| Fees for services: Accounting | $89,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,286,375 |
| Advertising and promotion | $761,695 |
| Office expenses | $453,322 |
| Information technology | $437,671 |
| Royalties | $0 |
| Occupancy | $1,098,395 |
| Travel | $37,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $83,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,929,397 |
| Insurance | $246,455 |
| All other expenses | $0 |
| Total functional expenses | $11,922,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,852 |
| Savings and temporary cash investments | $6,672,743 |
| Pledges and grants receivable | $258,722 |
| Accounts receivable, net | $41,629 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,988 |
| Prepaid expenses and deferred charges | $197,758 |
| Net Land, buildings, and equipment | $23,280,078 |
| Investments—publicly traded securities | $10,435,669 |
| Investments—other securities | $6,950,627 |
| Investments—program-related | $0 |
| Intangible assets | $404,523 |
| Other assets | $1,484,011 |
| Total assets | $49,782,600 |
| Accounts payable and accrued expenses | $1,946,565 |
| Grants payable | $0 |
| Deferred revenue | $3,132,154 |
| 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 | $10,150,000 |
| Other liabilities | $454,771 |
| Total liabilities | $15,683,490 |
| Net assets without donor restrictions | $22,882,602 |
| Net assets with donor restrictions | $11,216,508 |
| 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 | $49,782,600 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Pacific Science Center Foundation has recieved totaling $520,048.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $284,738 |
Moccasin Lake Foundation wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $37,050 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $35,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $34,760 |
Grousemont Foundation Seattle, WA PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $2,233,615 |
| Earnings | -$291,990 |
| Net Contributions | $10,000 |
| Ending Balance | $1,951,625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
Pacific Science Center Foundation Seattle, WA | $49,782,600 | $14,639,761 |
Evergreen Aviation And Space Museum And The Captain Michael King Smith Mcminnville, OR | $3,113,905 | $4,749,913 |
World Of Speed Wilsonville, OR | $3,593,305 | $2,665,712 |
Discovery Center Of Idaho Inc Boise, ID | $2,218,603 | $1,991,554 |
Scienceworks Hands-On Museum Ashland, OR | $1,437,055 | $1,122,594 |
Soaring By The Sea Foundation Eugene, OR | $1,182,734 | $916,536 |
Alaska Challenger Center For Space Science Technology Incorporated Kenai, AK | $3,096,604 | $534,602 |
Eugene Science Center Inc Eugene, OR | $1,600,237 | $882,210 |
Living Computer Museum & Labs Everett, WA | $0 | $84,765 |
Sierra Silver Mine Tour Incorporated Wallace, ID | $301,479 | $346,595 |
Palouse Discovery Science Center Inc Pullman, WA | $767,831 | $239,240 |