Civic Intelligence

University City Science Center

990 • Fiscal year 2016 • EIN 23-1645908

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 28, 2017

Organization ProfileWWW.SCIENCECENTER.ORG

View Organization Page

3711 Market Street 8th FloorPhiladelphia, PA 19104

(215) 966-6045

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.76x

Higher debt load relative to assets than 83% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

2.83x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

27th percentile

-2.3%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

80th percentile

$689,416

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

51st percentile

2.0%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-32%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$88,627,776

Up $1,758,394 (+2.0%) from 2015

Net Assets

Up

$21,231,172

Up $214,025 (+1.0%) from 2015

Liabilities

Up

$67,396,604

Up $1,544,369 (+2.3%) from 2015

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin27th percentile

Revenue

Down

$23,817,801

Down $11,356,238 (-32%) from 2015

Expenses

Down

$24,374,609

Down $2,279,252 (-8.6%) from 2015

Net Income

Down

-$556,808

Down $9,076,986 (-107%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$150M$100M$50M$0Assets 2010: $97,999,897Liabilities 2010: $79,911,667Net Assets 2010: $18,088,2302010Assets 2011: $93,190,692Liabilities 2011: $78,871,794Net Assets 2011: $14,318,8982011Assets 2012: $87,172,164Liabilities 2012: $72,454,411Net Assets 2012: $14,717,7532012Assets 2013: $85,899,930Liabilities 2013: $73,047,995Net Assets 2013: $12,851,9352013Assets 2014: $84,453,970Liabilities 2014: $71,388,570Net Assets 2014: $13,065,4002014Assets 2015: $86,869,382Liabilities 2015: $65,852,235Net Assets 2015: $21,017,1472015Assets 2016: $88,627,776Liabilities 2016: $67,396,604Net Assets 2016: $21,231,1722016Assets 2017: $85,155,120Liabilities 2017: $65,428,467Net Assets 2017: $19,726,6532017Assets 2018: $97,026,058Liabilities 2018: $55,614,812Net Assets 2018: $41,411,2462018Assets 2019: $92,889,219Liabilities 2019: $53,392,134Net Assets 2019: $39,497,0852019Assets 2020: $94,661,430Liabilities 2020: $54,381,825Net Assets 2020: $40,279,6052020Assets 2021: $110,800,620Liabilities 2021: $27,763,416Net Assets 2021: $83,037,2042021Assets 2022: $129,314,989Liabilities 2022: $32,448,702Net Assets 2022: $96,866,2872022Assets 2023: $134,478,155Liabilities 2023: $30,685,503Net Assets 2023: $103,792,6522023Assets 2024: $136,212,671Liabilities 2024: $29,262,735Net Assets 2024: $106,949,9362024

Highlighted filing

2016

Assets$88,627,776
Liabilities$67,396,604
Net Assets$21,231,172
Open 2016 Filing

Operations Trend

Revenue Growth10th percentile

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $22,992,6172010Expenses 2011: $21,655,4012011Expenses 2012: $21,222,1122012Revenue 2013: $20,036,065Expenses 2013: $21,753,184Net Income 2013: -$1,717,1192013Revenue 2014: $23,808,353Expenses 2014: $23,305,556Net Income 2014: $502,7972014Revenue 2015: $35,174,039Expenses 2015: $26,653,861Net Income 2015: $8,520,1782015Revenue 2016: $23,817,801Expenses 2016: $24,374,609Net Income 2016: -$556,8082016Revenue 2017: $24,542,257Expenses 2017: $23,727,975Net Income 2017: $814,2822017Revenue 2018: $46,498,949Expenses 2018: $27,638,947Net Income 2018: $18,860,0022018Revenue 2019: $19,428,364Expenses 2019: $21,934,107Net Income 2019: -$2,505,7432019Revenue 2020: $21,686,205Expenses 2020: $21,474,227Net Income 2020: $211,9782020Revenue 2021: $66,305,846Expenses 2021: $20,502,413Net Income 2021: $45,803,4332021Revenue 2022: $32,276,432Expenses 2022: $20,040,847Net Income 2022: $12,235,5852022Revenue 2023: $18,691,804Expenses 2023: $21,224,969Net Income 2023: -$2,533,1652023Revenue 2024: $20,808,685Expenses 2024: $23,504,982Net Income 2024: -$2,696,2972024

Highlighted filing

2016

Revenue$23,817,801
Expenses$24,374,609
Net Income-$556,808
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 28, 2017
Return Version
2016v3.0
Gross Receipts
$26,211,721
Mission and Program Overview

Mission

To accelerate commercialization of the region's most promising science and technology innovations, thereby promoting technology-based economic development, collaboration, education and the continuing redevelopment of the science center campus in university city.

To accelerate technology commercialization in the greater philadelphia region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$62,534,501$55,753,583▼ $6,780,918
Cash and Non-Interest-Bearing Accounts$6,376,135$9,461,252▲ $3,085,117
Investments Program Related$1,256,942$5,625,909▲ $4,368,967
Investments in Publicly Traded Securities$4,228,204$4,300,738▲ $72,534
Savings and Temporary Cash Investments$2,377,932$3,350,196▲ $972,264
Investments Other Securities$1,603,000$3,016,000▲ $1,413,000
Accounts Receivable$3,921,434$2,648,512▼ $1,272,922
Prepaid Expenses and Deferred Charges$344,988$454,425▲ $109,437
Total Assets$86,869,382$88,627,776▲ $1,758,394
Other Assets Total$4,226,246$4,017,161▼ $209,085
Liabilities
Mortgage Notes Payable Secured by Investment Property$58,249,525$61,249,533▲ $3,000,008
Other Liabilities$3,706,040$3,392,853▼ $313,187
Accounts Payable and Accrued Expenses$3,896,670$2,754,218▼ $1,142,452
Total Liabilities$65,852,235$67,396,604▲ $1,544,369
Net Assets / Fund Balance
Unrestricted Net Assets$19,488,814$20,312,839▲ $824,025
Temporarily Rstr Net Assets$1,528,333$918,333▼ $610,000
Total Net Assets Fund Balance$21,017,147$21,231,172▲ $214,025
Total Liabilities and Net Assets / Fund Balance$86,869,382$88,627,776▲ $1,758,394

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$49,248,283$50,714,364$99,962,647
Land$5,206,056-$5,206,056
Equipment$533,806$3,607,259$4,141,065
Other Land Buildings$765,438-$765,438
Investment Program Related Org$5,625,909--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$239,353-▲ $8,032-$247,385
2015$234,167-▲ $5,186-$239,353
2014$227,194-▲ $6,973-$234,167
2013$206,908-▲ $20,286-$227,194
2012$188,354-▲ $18,554-$206,908
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen TangPresident and CEOFT$442,215$247,201$689,416
Saul BeharVP & General Counsel, SecrFT$239,100$134,845$373,945
Christopher LaingVP of Science & TechnologyFT$169,800$101,647$271,447
Jeanne MellVP Mktg/communication & CoFT$159,200$102,837$262,037
Monica Cawvey GallagherVP of Development (thru 9/30/16)FT$126,709$89,467$216,176
Adam GreenspanDirector, Business IncubatFT$117,810$29,562$147,372
Peter MelleyDirector - S&t ProgramsFT$127,700$13,724$141,424
Richard SoutherlandDirector of Construction--$136,016$136,016
Curtis HessSenior VP Real EstatePT$65,100$39,457$104,557
Robert MarcantuonoVP Fin. and Admin. (thru 9/16/16)PT$56,763$37,619$94,382
Lorraine LoprestiVP, Fin. & Admin.(eff. 8/30)PT$26,974$29,396$56,370

Board Members and Trustees

NameTitle
Craig R CarnaroliBoard Member - Chairman
Kenneth J BlankBoard Member - Vice Chairm
Michael a DipianoBoard Member - Vice Chairm
Carl KopfingerBoard Member
Christopher M CashmanBoard Member
Dario C AltieriBoard Member
David R KingBoard Member
Dawn a BonnellBoard Member
Ernest J DianastasisBoard Member
Glen N GaultonBoard Member
J Larry JamesonBoard Member
Jane H HollingsworthBoard Member
Kathleen M ShayBoard Member
Keith LeaphartBoard Member
Keith a OrrisBoard Member
Kenneth L KringBoard Member
Kerry BensonBoard Member
M Brian BlakeBoard Member
Osagie O ImasogieBoard Member
Richard W VagueBoard Member
Stephen K KlaskoBoard Member
Stephen Spinelli Jr PhdBoard Member
Stephen ZarrilliBoard Member
Tara L WeinerBoard Member
Thomas J TodorowBoard Member
William J MarrazzoBoard Member
Jeffery AndrewsSenior Property Manager
Mary RobertsonSenior Property Manager

Highest Paid Contractors

ContractorServicesLocationCompensation
Gca Service GroupJanitorial ServicesPO BOX 643823, Pittsburgh, PA 15264$1,317,924
Allied Barton Security ServicesSecurity ServicesPO BOX 828854, Philadelphia, PA 19182$630,320
The Sullivan CompanyConstruction Services2 LA GRANGE AVENUE, Essington, PA 19029$392,540
Herman Goldner & Co INCConstruction Services7777 BREWSTER AVENUE, Philadelphia, PA 19153$346,902
Palmer WaterproofingConstruction Services2175 BENNETT ROAD, Philadelphia, PA 19116$245,552
Revenue and Support

Revenue Composition

Contributions and Grants
$1,720,575
Program Service Revenue
$21,569,431
Investment Income
$64,965
Other Revenue
$462,830
All Other Contributions
$694,925
Change in Net Assets
$-556,808

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,821,026
Revenue Not Reported on Financial Statements
$3,996,775
Revenue Not Reported on Form 990
$1,018,291
Other Revenue Adjustments
$3,996,775
Total Revenue per Audited Statements
$20,839,317
Total Revenue per Form 990
$23,817,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,088,062
Salaries, Compensation, and Employee Benefits$5,444,137
Grants and Similar Amounts Paid$842,410
Total Fundraising Expense$516,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$6,266,606$380,967-$6,647,573
Depreciation Depletion$4,382,017$893,515-$5,275,532
Interest$2,669,087--$2,669,087
Other Salaries and Wages$1,254,292$994,288$40,506$2,289,086
Current Officers, Directors, Trustees, and Key Employees$897,325$813,708$403,593$2,114,626
Fees for Services Other$446,315$516,279-$962,594
Grants to Domestic Orgs$842,410--$842,410
Office Expenses$264,654$400,222-$664,876
Other Employee Benefits$233,705$187,896$37,651$459,252
Advertising$43,004$350,163-$393,167
Payroll Taxes$164,304$136,121$22,614$323,039
Pension Plan Contributions$135,324$111,174$11,636$258,134
Fees for Services Lobbying-$223,362-$223,362
Insurance$152,516$70,448-$222,964
Fees for Services Legal$32,650$125,459-$158,109
Fees for Services Accounting$9,100$123,600-$132,700
Travel$20,701$44,714-$65,415
Other Expenses$9,083$2,870-$9,083
Fees for Services Management$4,402--$4,402
Total Functional Expenses$18,479,719$5,378,890$516,000$24,374,609

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$26,267,741
Expenses per Audited Statements$24,374,609
Total Expenses per Form 990$24,374,609
Expenses Not Reported on Form 990$1,893,132
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rutgers UniversityNew Brunswick, NJ501(c)(3)Proof of Concept Funding$137,500
Quantitative Radiology SolutionsPhiladelphia, PAN/aP1v Funding$110,498
University of DelawareNewark, DE501(c)(3)Proof of Concept Funding$87,500
The Pennsylvania State UniversityHershey, PA501(c)(3)Proof of Concept Funding$75,000
Grandround Table IncPhiladelphia, PAN/aDigital Health Accelerator Funding$57,200
Graphwear Technologies IncPhiladelphia, PAN/aDigital Health Accelerator Funding$57,200
Oncora MedicalPhiladelphia, PAN/aDigital Health Accelerator Funding$57,200
Invisalert Solutions IncIvyland, PAN/aDigital Health Accelerator Funding$53,600
Tissue Analytics IncBaltimore, MDN/aDigital Health Accelerator Funding$50,203
One HealthPhiladelphia, PAN/aDigital Health Accelerator Funding$41,787
Talee Bio IncPhiladelphia, PAN/aP1v Funding$31,338
Polycore Therapeutics LLCPhiladelphia, PAN/aP1v Funding$25,000
Regennera Therapeutics IncPhiladelphia, PAN/aP1v Funding$11,813
Sdm Innovations IncPhiladelphia, PAN/aP1v Funding$11,280
Biosignal Analytics IncPhiladelphia, PAN/aP1v Funding$9,653
Polycermanx IncIndianapolis, INN/aP1v Funding$6,693
Recensa Therapeutics IncPhiladelphia, PAN/aP1v Funding$5,895
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$55,920
Fundraising Gross Income$18,750
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Nucleus Event$124,149$18,750$29,287$-10,537
Total Events$124,149$18,750$55,920$-37,170
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No