Civic Intelligence

MID-America Science Museum

990 • Fiscal year 2020 • EIN 20-2129318

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 15, 2023

500 Mid-america BlvdHot Springs, AR 71913

(501) 767-3461

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.28x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

2nd percentile

-152%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$145,333

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

6th percentile

-12%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-56%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$7,881,858

Down $1,059,272 (-12%) from 2019

Net Assets

Down

$7,666,621

Down $1,212,607 (-14%) from 2019

Liabilities

Up

$215,237

Up $153,335 (+248%) from 2019

Revenue

Down

$779,031

Down $1,003,438 (-56%) from 2019

Expenses

Down

$1,964,764

Down $14,521 (-0.7%) from 2019

Net Income

Down

-$1,185,733

Down $988,917 (-502%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2012: $848,340Liabilities 2012: $59,460Net Assets 2012: $788,8802012Assets 2013: $976,687Liabilities 2013: $61,960Net Assets 2013: $914,7272013Assets 2014: $1,911,321Liabilities 2014: $31,592Net Assets 2014: $1,879,7292014Assets 2015: $9,145,544Liabilities 2015: $967,370Net Assets 2015: $8,178,1742015Assets 2016: $9,628,895Liabilities 2016: $115,399Net Assets 2016: $9,513,4962016Assets 2017: $9,700,997Liabilities 2017: $50,616Net Assets 2017: $9,650,3812017Assets 2018: $8,820,189Liabilities 2018: $52,526Net Assets 2018: $8,767,6632018Assets 2019: $8,941,130Liabilities 2019: $61,902Net Assets 2019: $8,879,2282019Assets 2020: $7,881,858Liabilities 2020: $215,237Net Assets 2020: $7,666,6212020Assets 2021: $8,690,669Liabilities 2021: $44,136Net Assets 2021: $8,646,5332021Assets 2022: $7,944,617Liabilities 2022: $47,470Net Assets 2022: $7,897,1472022Assets 2023: $8,171,651Liabilities 2023: $89,747Net Assets 2023: $8,081,9042023Assets 2024: $7,667,076Liabilities 2024: $57,757Net Assets 2024: $7,609,3192024

Highlighted filing

2020

Assets$7,881,858
Liabilities$215,237
Net Assets$7,666,621

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2012: $1,209,738Expenses 2012: $1,144,636Net Income 2012: $65,1022012Revenue 2013: $1,219,031Expenses 2013: $1,098,162Net Income 2013: $120,8692013Revenue 2014: $1,944,192Expenses 2014: $983,802Net Income 2014: $960,3902014Revenue 2015: $7,511,735Expenses 2015: $1,220,611Net Income 2015: $6,291,1242015Revenue 2016: $3,352,612Expenses 2016: $1,975,757Net Income 2016: $1,376,8552016Revenue 2017: $1,777,468Expenses 2017: $1,947,255Net Income 2017: -$169,7872017Revenue 2018: $1,416,500Expenses 2018: $2,023,168Net Income 2018: -$606,6682018Revenue 2019: $1,782,469Expenses 2019: $1,979,285Net Income 2019: -$196,8162019Revenue 2020: $779,031Expenses 2020: $1,964,764Net Income 2020: -$1,185,7332020Revenue 2021: $2,940,977Expenses 2021: $1,961,065Net Income 2021: $979,9122021Revenue 2022: $1,853,152Expenses 2022: $2,275,695Net Income 2022: -$422,5432022Revenue 2023: $2,551,332Expenses 2023: $2,483,827Net Income 2023: $67,5052023Revenue 2024: $2,064,517Expenses 2024: $2,537,102Net Income 2024: -$472,5852024

Highlighted filing

2020

Revenue$779,031
Expenses$1,964,764
Net Income-$1,185,733
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 15, 2023
Return Version
2020v4.0
Gross Receipts
$2,478,725
Mission and Program Overview

Mission

The mission of the mid-america science museum is to stimulate interest in science, to promote public understanding of the sciences, and to encourage life-long science education through interactive exhibits and programs. The museum accomplishes this mission through a newly renovated facility with over 90 hands-on educational exhibits, a digital dome theater, an outdoor science skywalk and the world's most powerful conical tesla coil.

The mission of the mid-america science museum is to stimulate interest in science, to promote public understanding of the sciences, and to encourage life-long science education through interactive exhibits and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,875,263$5,604,132▼ $271,131
Investments in Publicly Traded Securities$2,382,396$1,922,291▼ $460,105
Cash and Non-Interest-Bearing Accounts$81,284$244,880▲ $163,596
Savings and Temporary Cash Investments$479,885$93,908▼ $385,977
Prepaid Expenses and Deferred Charges$80,000--
Pledges and Grants Receivable$10,000--
Inventories for Sale or Use$24,380$9,112▼ $15,268
Accounts Receivable$7,722$7,335▼ $387
Total Assets$8,941,130$7,881,858▼ $1,059,272
Other Assets Total$200$200→ $0
Liabilities
Other Liabilities-$168,500-
Accounts Payable and Accrued Expenses$61,902$46,737▼ $15,165
Total Liabilities$61,902$215,237▲ $153,335
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,475,219$5,650,960▼ $824,259
Net Assets With Donor Restrictions$2,404,009$2,015,661▼ $388,348
Total Net Assets Fund Balance$8,879,228$7,666,621▼ $1,212,607
Total Liabilities and Net Assets / Fund Balance$8,941,130$7,881,858▼ $1,059,272

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,387,788$3,292,189$8,679,977
Equipment$216,344$235,786$452,130
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Diane LafolletteExecutive DiFT$145,333$145,333

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$196,270
Program Service Revenue
$386,056
Investment Income
$138,578
Other Revenue
$58,127
All Other Contributions
$115,728
Change in Net Assets
$-1,185,733

Audited Revenue Reconciliation

Revenue per Audited Statements
$779,031
Revenue Not Reported on Form 990
$23,432
Total Revenue per Audited Statements
$802,463
Total Revenue per Form 990
$779,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,169,670
Salaries, Compensation, and Employee Benefits$795,094
Total Fundraising Expense$157,078
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$442,059$84,117$59,923$586,099
Other Salaries and Wages$444,463$22,968$53,592$521,023
Current Officers, Directors, Trustees, and Key Employees$58,133$72,667$14,533$145,333
Occupancy$124,369--$124,369
Other Employee Benefits$59,533$11,328$8,070$78,931
All Other Expenses$26,196$22,468$6,183$54,847
Payroll Taxes$37,567$7,148$5,092$49,807
Insurance$36,872$7,016$4,998$48,886
Fees for Services Accounting-$43,024-$43,024
Advertising$27,783--$27,783
Other Expenses$17,470$3,324$2,368$23,162
Fees for Services Other$15,185$2,889$2,058$20,132
Fees for Service Investment Mgmnt Fees-$15,081-$15,081
Office Expenses$1,924$366$261$2,551
Travel$642--$642
Total Functional Expenses$1,515,290$292,396$157,078$1,964,764

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,014,459
Expenses per Audited Statements$1,964,764
Total Expenses per Form 990$1,964,764
Expenses Not Reported on Form 990$49,695
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,797
Fundraising Direct Expenses$13,489
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Taste of the Ho$17,797$17,797$1,345$16,452
Total Events$17,797$17,797$13,489$4,308
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$168,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is prepared by external audit firm and reviewed in detail by executive director and key staff prior to providing all members of board with a complete copy of form 990 before filing.

Form 990, Page 6, Part VI, Line 12C

Board completes written conflict of interest forms annually and as needed. Executive director meets regularly with each board member to ascertain any potential conflicts.

Form 990, Page 6, Part VI, Line 15A

Board of directors communicates with other museums for the purpose of establishing compensation ranges for executive director and other key personnel. Board also evaluates performance of executive director and considers recommendations for compensation of other personnel from executive director.

Form 990, Page 6, Part VI, Line 15B

Board of directors communicated with other museums for the purpose establi shing compensation ranges for executive director and other key personnel. Board also evaluates performance of executive director and considers reco mmendations for compensation of other personnel from executive director.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies and financial statements are on file at the museum and available for inspection upon request.

Filing and Contact Details

Filer

Filer Name
Mid America Science Museum
EIN
20-2129318
Phone
5017673461
Address
500 MID-AMERICA BLVD, HOT SPRINGS, AR 71913

Signing Officer

Name
Diane Lafollette
Title
Executive Director
Phone
5017673461
Signed
2023-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Lafollette
Formed
2005
Legal Domicile
Ar
Voting Board Members
15
Independent Board Members
15
Employees
34

Preparer

Firm
Alexander Thompson Arnold Pllc
Address
1720 HIGDON FERRY RD STE 101, HOT SPRINGS, AR 71913
Preparer
John Pratt
Phone
5016245788
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

To correct answer to part xii line 3a; there was no requirement to have a single audit due to any federal funds received. We updated the "books in care of" name and address to our accounting firm who kept our books and records during this year. Lastly, we needed to modify our program accomplishment wording; substantially no change.

FORM 990 - ORGANIZATION'S MISSION

The mission of the mid-america science museum is to stimulate interest in science, to promote public understanding of the sciences, and to encourage life-long science education through interactive exhibits and programs. The museum accomplishes this mission through a newly renovated facility with over 90 hands-on educational exhibits, a digital dome theater, an outdoor science skywalk and the world's most powerful conical tesla coil.

Form 990, Page 2, Part III, Line 3

Due to the covid-19 pandemic, mid-america was forced to close its doors to the public march-may, 2020 due to a mandated statewide shutdown. With a state directive to reopen with restrictions on commerce and travel, large indoor venues like the museum were allowed attendance levels at no more than 33% of facility capacity. The museum experienced no earned or contributed revenue during the shutdown and experienced a 70% reduction in all revenue during the remainder of the year. During the reopening period in 2020, all educational programs were conducted online through youtube and facebook live; the retail store, food service, and space rental functions remained closed.

Form 990, Part XI, Line 9

Fundraising event direct costs 16,816 cost of goods sold 32,879 fundraising event direct costs -16,816 cost of goods sold -32,879

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Fundraising event direct costs 16,816 cost of goods sold 32,879

Schedule D, Page 4, Part XII, Line 2D

Fundraising event direct costs 16,816 cost of goods sold 32,879

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.67$0.06$7.61$2.06$2.54$0.47
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.17$0.09$8.08$2.55$2.48$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.94$0.05$7.90$1.85$2.28$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.69$0.04$8.65$2.94$1.96$0.98
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.88$0.22$7.67$0.78$1.96$1.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.94$0.06$8.88$1.78$1.98$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.82$0.05$8.77$1.42$2.02$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.70$0.05$9.65$1.78$1.95$0.17
2016Summary only. Only limited summary data is available for this year.$9.63$0.12$9.51$3.35$1.98$1.38
2015Summary only. Only limited summary data is available for this year.$9.15$0.97$8.18$7.51$1.22$6.29
2014Summary only. Only limited summary data is available for this year.$1.91$0.03$1.88$1.94$0.98$0.96
2013Summary only. Only limited summary data is available for this year.$0.98$0.06$0.91$1.22$1.10$0.12
2012Summary only. Only limited summary data is available for this year.$0.85$0.06$0.79$1.21$1.14$0.07