Civic Intelligence

Orlando Science Center Inc.

990 • Fiscal year 2015 • EIN 59-0896343

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 18, 2015

Refreshing map…

777 E Princeton StreetOrlando, FL 32803

(407) 514-2262

Siviq Scores

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

Liabilities / Assets

49th percentile

0.23x

Higher debt load relative to assets than 49% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

0.24x

Higher debt load relative to revenue than 49% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

85th percentile

29%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

39th percentile

$144,047

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

92nd percentile

37%

Faster asset growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

29%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$13,115,246

Up $3,576,398 (+37%) from 2014

Net Assets

Up

$10,100,792

Up $3,703,130 (+58%) from 2014

Liabilities

Down

$3,014,454

Down $126,732 (-4.0%) from 2014

Revenue

Up

$12,502,743

Up $2,839,297 (+29%) from 2014

Expenses

Up

$8,819,520

Up $1,086,048 (+14%) from 2014

Net Income

Up

$3,683,223

Up $1,753,249 (+91%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $7,639,203Liabilities 2011: $2,985,805Net Assets 2011: $4,653,3982011Assets 2012: $7,370,502Liabilities 2012: $2,788,027Net Assets 2012: $4,582,4752012Assets 2013: $7,783,420Liabilities 2013: $3,280,433Net Assets 2013: $4,502,9872013Assets 2014: $9,538,848Liabilities 2014: $3,141,186Net Assets 2014: $6,397,6622014Assets 2015: $13,115,246Liabilities 2015: $3,014,454Net Assets 2015: $10,100,7922015Assets 2016: $14,893,673Liabilities 2016: $3,097,652Net Assets 2016: $11,796,0212016Assets 2017: $15,306,628Liabilities 2017: $2,991,159Net Assets 2017: $12,315,4692017Assets 2018: $16,497,141Liabilities 2018: $2,629,593Net Assets 2018: $13,867,5482018Assets 2019: $27,010,344Liabilities 2019: $2,961,754Net Assets 2019: $24,048,5902019Assets 2020: $25,417,262Liabilities 2020: $2,465,627Net Assets 2020: $22,951,6352020Assets 2021: $27,790,639Liabilities 2021: $2,526,157Net Assets 2021: $25,264,4822021Assets 2022: $34,260,599Liabilities 2022: $3,543,697Net Assets 2022: $30,716,9022022Assets 2023: $34,537,976Liabilities 2023: $3,037,465Net Assets 2023: $31,500,5112023Assets 2024: $36,537,681Liabilities 2024: $3,626,827Net Assets 2024: $32,910,8542024Assets 2025: $38,974,922Liabilities 2025: $3,710,966Net Assets 2025: $35,263,9562025

Highlighted filing

2015

Assets$13,115,246
Liabilities$3,014,454
Net Assets$10,100,792

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $6,257,413Expenses 2011: $6,202,727Net Income 2011: $54,6862011Revenue 2012: $6,514,739Expenses 2012: $6,584,418Net Income 2012: -$69,6792012Revenue 2013: $7,796,916Expenses 2013: $7,875,973Net Income 2013: -$79,0572013Revenue 2014: $9,663,446Expenses 2014: $7,733,472Net Income 2014: $1,929,9742014Revenue 2015: $12,502,743Expenses 2015: $8,819,520Net Income 2015: $3,683,2232015Revenue 2016: $11,743,356Expenses 2016: $10,066,301Net Income 2016: $1,677,0552016Revenue 2017: $10,458,831Expenses 2017: $9,959,285Net Income 2017: $499,5462017Revenue 2018: $12,730,296Expenses 2018: $11,197,387Net Income 2018: $1,532,9092018Revenue 2019: $22,138,306Expenses 2019: $11,996,018Net Income 2019: $10,142,2882019Revenue 2020: $10,422,273Expenses 2020: $11,548,073Net Income 2020: -$1,125,8002020Revenue 2021: $12,311,297Expenses 2021: $10,040,333Net Income 2021: $2,270,9642021Revenue 2022: $16,913,295Expenses 2022: $11,126,237Net Income 2022: $5,787,0582022Revenue 2023: $14,104,581Expenses 2023: $13,489,273Net Income 2023: $615,3082023Revenue 2024: $17,205,547Expenses 2024: $16,059,639Net Income 2024: $1,145,9082024Revenue 2025: $19,938,677Expenses 2025: $17,824,749Net Income 2025: $2,113,9282025

Highlighted filing

2015

Revenue$12,502,743
Expenses$8,819,520
Net Income$3,683,223
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 18, 2015
Return Version
2014v5.0
Gross Receipts
$12,788,361
Mission and Program Overview

Mission

Orlando science center's mission is "inspire science learning for life." the vision is: "to be the community partner that fosters creativity and curiosity for science which stimulates innovation that transforms our economy and enhances lives."

Inspire science learning for life

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,529,139$6,264,944▲ $735,805
Pledges and Grants Receivable$1,450,251$3,258,909▲ $1,808,658
Cash and Non-Interest-Bearing Accounts$1,175,373$2,133,033▲ $957,660
Investments Other Securities$985,331$1,010,238▲ $24,907
Prepaid Expenses and Deferred Charges$84,836$131,664▲ $46,828
Accounts Receivable$50,718$82,368▲ $31,650
Investments in Publicly Traded Securities$9,786$1,590▼ $8,196
Total Assets$9,538,848$13,115,246▲ $3,576,398
Other Assets Total$253,414$232,500▼ $20,914
Liabilities
Accounts Payable and Accrued Expenses$740,623$1,414,903▲ $674,280
Deferred Revenue$1,063,448$1,166,708▲ $103,260
Mortgage Notes Payable Secured by Investment Property$1,337,115$432,843▼ $904,272
Total Liabilities$3,141,186$3,014,454▼ $126,732
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,831,090$4,852,720▲ $3,021,630
Unrestricted Net Assets$3,856,786$4,546,486▲ $689,700
Permanently Rstr Net Assets$709,786$701,586▼ $8,200
Total Net Assets Fund Balance$6,397,662$10,100,792▲ $3,703,130
Total Liabilities and Net Assets / Fund Balance$9,538,848$13,115,246▲ $3,576,398

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$703,519$6,952,636$7,656,155
Leasehold Improvements$2,967,252$1,212,927$4,180,179
Buildings$1,914,386$1,476,462$3,390,848
Equipment$679,787$2,118,498$2,798,285
Other Securities$645,230--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$995,117-▲ $16,770-$1,011,829
2013$620,657$360,000▲ $14,592-$995,117
2012$630,438-▼ $778-$620,657
2011$641,226-▼ $5,970-$630,438
2010$639,932-▲ $3,568-$641,226
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joann NewmanCEOFT$137,317$6,730$144,047
John MallozziCFOFT$102,744$6,611$109,355

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
4m Building SolutionsJanitorial Services2827 CLARK AVENUE, St Louis, MO 63103$253,153
Zymphony Technology SolutionsComputer Services4902 EISENHOWER BLVD SUITE 250, Tampa, FL 33634$240,660
Finfrock Construction INCGarage Renovations & Repairs2400 APOPKA BLVD, Apopka, FL 32703$113,000
Revenue and Support

Revenue Composition

Contributions and Grants
$6,531,549
Program Service Revenue
$5,066,704
Investment Income
$5
Other Revenue
$904,485
All Other Contributions
$3,783,635
Change in Net Assets
$3,683,223

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table251$111,461Donor Value/selling
Other Non Cash Contri Table8$23,984Donor Value/cost
Total Noncash Contributions259$135,445-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,502,743
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,092,657
Total Revenue per Audited Statements
$13,595,400
Total Revenue per Form 990
$12,502,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,504,312
Salaries, Compensation, and Employee Benefits$4,315,208
Total Fundraising Expense$407,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,932,462$201,323$300,358$3,434,143
Depreciation Depletion$742,981--$742,981
Occupancy$561,393--$561,393
Advertising$433,795--$433,795
Fees for Services Other$353,767$35,520$42,548$431,835
Royalties$357,884--$357,884
Other Employee Benefits$255,171$37,628$21,981$314,780
Payroll Taxes$251,868$36,279$24,447$312,594
Current Officers, Directors, Trustees, and Key Employees-$253,691-$253,691
Insurance$233,268--$233,268
Information Technology$137,403-$7,229$144,632
Other Expenses$114,322--$114,322
Office Expenses$76,793$8,534$5,501$90,828
All Other Expenses$85,280--$85,280
Interest$52,119--$52,119
Travel$26,419$3,435$5,439$35,293
Fees for Services Accounting-$22,200-$22,200
Fees for Services Legal-$7,138-$7,138
Total Functional Expenses$7,806,269$605,748$407,503$8,819,520

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,892,270
Expenses per Audited Statements$8,819,520
Total Expenses per Form 990$8,819,520
Expenses Not Reported on Form 990$1,072,750
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$226,898
Fundraising Gross Income$124,424
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$247,104$43,596$20,992$22,604
Science of Wine$44,008$15,424$3,098$12,326
Total Events$390,410$124,424$226,898$-102,474
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owner of Finfrock Construction, Inc. Is Robert Finfrock, Who Is Board ChairOrlando Science Center Contracted With Finfrock Construction, Inc. to Perform Garage Renovations and Repairs.No$113,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
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, Part VIII, Line 1E - Government Grants

Fee-based continuing education programs: these on and off-site programs focus upon integrating informal learning strategies into interpretive delivery methods and messages. On-site, exhibit and education services and live programs focus on basic scientific principles and how those principles take form through technologies relevant to everyday life. Off-site programs complement, enhance and extend the osc experience to participants throughout central florida. Touring exhibits: these temporary exhibitions are brought in to supplement and extend content of the core exhibits. Many focus on early childhood, bringing familiar story characters and settings to life. Occasional blockbuster exhibits like mummies of the world are brought in to appeal to broad audience interests and age groups. All osc experiential venues inspire and engage visitors in science interactions that advance science, technology, engineering and math (stem) learning.

Form 990, Part VIII, Line 1E - Government Grants

Line 1e - government grants (contributions): federal $ 28,351 state of florida $ 200,500 orange county $ 744,374 osceola county 10,000 city of orlando $1,159,835 total - line 1e $2,143,060 line 1f - all other contributions, gifts, grants and similar amounts not included above: corporations $2,982,607 foundations $ 148,400 individuals $ 652,628 total - line 1f $3,783,635

Form 990, Part VI, Section B, Line 11

The 990 is emailed to the cfo, controller, and board members for comments and/or possible changes before it is signed and filed with the irs.

Form 990, Part VI, Section B, Line 12C

An orlando science center trustee, staff member, or volunteer should conduct all of his or her activities, including those relating to persons or businesses with whom the person is closely associated, in such a way that no conflict will arise between the other interests and the policies, operations or interests of the science center. The appearance of such conflict should also be avoided. Orlando science center trustees, staff, or volunteers should not associate the science center with any personal political activities. Osc is prohibited by law from participation in political campaigns. Trustees, staff and volunteers are prohibited from using the organization's name in connection with any political activity. When orlando science center trustees seek staff assistance for personal needs they should not expect that such help will be rendered to an extent greater than that available to a member of the general public in similar circumstances or with similar needs. Osc believes that the most priceless asset of an employee, or of the organization, is its integrity. Osc fully expects that all employees observe the highest professional ethical standards in dealings in which they represent the center. In the same fashion, osc expects that all employees, in their representation of the organization, avoid activities that create a conflict of interest with their responsibilities to the center. It is the employee's duty to follow the guidelines about conflicts of interest. If this is not clear to the employee or if there are questions about conflicts of interest, the employee is to contact the human resources department. A conflict of interest is not easy to define. It refers to actions, behaviors or decisions that are contradictory to the best interest of the osc. Conflicts of interest may include, but not limited to: 1. Performing non-osc work during regular work hours. 2. Uses of osc projects, programs, exhibit plans, material, equipment, software, hardware, supplies and/or employees for personal or non-osc reasons or projects. 3. Entering into agreements or contracts with outside suppliers, vendors, candidates for employment, etc., which result in personal financial gain, reward, special status or personal favors for the osc employee involved in the transaction. 4. Using one's position at the osc to enhance one's position, status, or financial gain at the expense of, or to the determent of the osc. If there is any influence on transactions involving purchases, contracts, or leases, employee's must tell their direct supervisor or the human resources department as soon as possible. By disclosing there is the possibility of an actual or potential conflict of interest, safeguards can be set up to protect everyone involved. Employees who are requested to perform consulting, advisory or other professional services for other organizations are required to obtain written approval from the osc executive director, in order to avoid jeopardizing the center's proprietary material or risking the center's competitive position. All salaried employees must report outside activities to human resources. Violation of this procedure may result in disciplinary action up to and including termination of employment. Other instances of representative conflicts of interest: osc recognizes and respects each employee's right to privacy and to engage in personal activities outside the scope of his/her employment with the center. 1. Outside employment - no employee of the osc shall accept simultaneous employment with another organization when that employment would present a conflict of interest. Such conflict would be most likely if the other organization is a competitor or supplier. A conflict may also arise if the hours or conditions of the other job interfere with the employee's job performance at the osc. 2. Protecting trade secrets - osc has developed special ways to develop, produce, and market its services and products. Employees having access to these trade s

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available thru the guidestar website or upon request for the same period of disclosure as set forth in irc section 6104(d).

Filing and Contact Details

Filer

Filer Name
Orlando Science Centerinc
EIN
59-0896343
Phone
4075142262
Address
777 E PRINCETON STREET, ORLANDO, FL 32803

Signing Officer

Name
Craig Meyer
Title
CFO
Phone
4075142262
Signed
2015-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joann Newman
Formed
1955
Legal Domicile
Fl
Voting Board Members
32
Independent Board Members
32
Employees
282
Volunteers
1,637

Preparer

Firm
Schafer Tschopp Whitcomb Et Al
Address
986 DOUGLAS AVENUE SUITE 100, ALTAMONTE SPRINGS, FL 32714
Preparer
Thomas R Tschopp
Phone
4078752760
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 33

Beginning of year end of year supply inventory $ 140 $ 0 radiant laser system $ 64,000 $ 0 garage booth $ 10,925 $ 0 deposit - dora & diego $ 35,000 $ 0 deposit - curious george $ 42,625 $ 0 depsoit - mindbender mansion $ 10,000 $ 30,000 sportsology $ 15,724 $ 0 bats: myths & mysteries $ 5,000 $ 0 kidstown planning & design $ 70,000 $ 167,500 deposit - wizard of oz $ 0 $ 35,000 total - other assets $ 253,414 $ 232,500

Financial Statement Notes

PART V, LINE 4:

Investment income derived from permanently restricted endowment funds used for general operations of the organization.

PART X, LINE 2:

In accordance with "income taxes" financial accounting standards board (fasb) accounting standards codification topic 740 (topic 740), all entities are required to evaluate and disclose income tax risks. Topic 740 clarifies the accounting for uncertainty in tax positions and prescribes guidance related to the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The tax benefit from an uncertain tax position is only recognized in the statement of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Interest and penalties, if any, are included in expenses in the statement of activities. As of june 30, 2015, the osc had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Osc's income tax returns are subject to review and examination by federal authorities. The osc is not aware of any activities that would jeopardize its tax-exempt status. The osc is not aware of any activities that are subject to tax on unrelated business income, excise or other taxes. The tax returns for the fiscal years ended from 2012 to 2014 are open to examination by federal authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses related to rental income 58,720. Special event - direct benefit to donor costs 139,421.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses related to rental income 58,720. Special event - direct benefit to donor costs 139,421.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
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IRS990/NetAssetsOrFundBalancesBOYAmt06397662

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.0$3.71$35.3$19.9$17.8$2.11
2024Summary only. Only limited summary data is available for this year.$36.5$3.63$32.9$17.2$16.1$1.15
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.5$3.04$31.5$14.1$13.5$0.62
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.3$3.54$30.7$16.9$11.1$5.79
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$2.53$25.3$12.3$10.0$2.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.4$2.47$23.0$10.4$11.5$1.13
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$2.96$24.0$22.1$12.0$10.1
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$2.63$13.9$12.7$11.2$1.53
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.3$2.99$12.3$10.5$9.96$0.50
2016Detailed filing. Detailed filing data is available for this year.$14.9$3.10$11.8$11.7$10.1$1.68
2015Detailed filing. Detailed filing data is available for this year.$13.1$3.01$10.1$12.5$8.82$3.68
2014Detailed filing. Detailed filing data is available for this year.$9.54$3.14$6.40$9.66$7.73$1.93
2013Summary only. Only limited summary data is available for this year.$7.78$3.28$4.50$7.80$7.88$0.08
2012Summary only. Only limited summary data is available for this year.$7.37$2.79$4.58$6.51$6.58$0.07
2011Summary only. Only limited summary data is available for this year.$7.64$2.99$4.65$6.26$6.20$0.05
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $10M-$25M nonprofits