Civic Intelligence

Orlando Science Center Inc.

990 • Fiscal year 2017 • EIN 59-0896343

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 10, 2017

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

48th percentile

0.20x

Higher debt load relative to assets than 48% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

0.29x

Higher debt load relative to revenue than 55% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

56th percentile

4.8%

Higher net margin than 56% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$176,227

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

43rd percentile

2.8%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-11%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$15,306,628

Up $412,955 (+2.8%) from 2016

Net Assets

Up

$12,315,469

Up $519,448 (+4.4%) from 2016

Liabilities

Down

$2,991,159

Down $106,493 (-3.4%) from 2016

Revenue

Down

$10,458,831

Down $1,284,525 (-11%) from 2016

Expenses

Down

$9,959,285

Down $107,016 (-1.1%) from 2016

Net Income

Down

$499,546

Down $1,177,509 (-70%) from 2016

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

2017

Assets$15,306,628
Liabilities$2,991,159
Net Assets$12,315,469

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

2017

Revenue$10,458,831
Expenses$9,959,285
Net Income$499,546
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$10,730,389
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$8,883,280$9,602,806▲ $719,526
Pledges and Grants Receivable$3,659,127$2,322,489▼ $1,336,638
Cash and Non-Interest-Bearing Accounts$776,422$1,398,765▲ $622,343
Investments Other Securities$1,270,414$1,393,316▲ $122,902
Accounts Receivable$105,945$240,723▲ $134,778
Prepaid Expenses and Deferred Charges$98,440$119,499▲ $21,059
Total Assets$14,893,673$15,306,628▲ $412,955
Other Assets Total$100,045$229,030▲ $128,985
Liabilities
Deferred Revenue$1,211,863$1,793,176▲ $581,313
Accounts Payable and Accrued Expenses$1,203,719$1,113,564▼ $90,155
Mortgage Notes Payable Secured by Investment Property$682,070$84,419▼ $597,651
Total Liabilities$3,097,652$2,991,159▼ $106,493
Net Assets / Fund Balance
Unrestricted Net Assets$4,461,158$8,427,024▲ $3,965,866
Temporarily Rstr Net Assets$6,394,868$2,948,450▼ $3,446,418
Permanently Rstr Net Assets$939,995$939,995→ $0
Total Net Assets Fund Balance$11,796,021$12,315,469▲ $519,448
Total Liabilities and Net Assets / Fund Balance$14,893,673$15,306,628▲ $412,955

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,230,398$6,180,547$10,410,945
Leasehold Improvements$3,171,070$1,755,001$4,926,071
Buildings$1,771,177$1,623,246$3,394,423
Equipment$430,161$2,465,043$2,895,204
Other Securities$683,307--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,270,414$103,000▲ $19,902-$1,393,316
2015$1,011,829$242,000▲ $16,585-$1,270,414
2014$995,117-▲ $16,770-$1,011,829
2013$620,657$360,000▲ $14,592-$995,117
2012$630,438-▼ $778-$620,657
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joann NewmanCEOFT$171,518$4,709$176,227
Craig MeyerCFOFT$103,864$1,823$105,687

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Roto Group LLCExhibit Design & Fabrication7001 DISCOVERY BLVD 2ND FLOOR, Dublin, OH 43017$2,631,569
Mccree General Contractors & ArchitectsConstruction500 EAST PRINCETON STREET, Orlando, FL 32803$586,432
Owens Renz & Lee Co INCJanitorial Services2 SUMMIT PLACE, Branford, CT 06405$246,828
Zymphony Technology SolutionsComputer Services4905 W LAUREL ST SUITE 300, Tampa, FL 33607$158,630
Imagine Exhibitions INCTraveling Exhibits2870 PEACHTREE ROAD NW SUITE 418, Atlanta, GA 30305$124,000
Revenue and Support

Revenue Composition

Contributions and Grants
$3,796,996
Program Service Revenue
$5,604,947
Investment Income
$0
Other Revenue
$1,056,888
All Other Contributions
$1,755,050
Change in Net Assets
$499,546

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 Table247$91,164Donor Value/selling
Other Non Cash Contri Table29$74,802Donor Value/cost
Total Noncash Contributions276$165,966-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,458,831
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$712,027
Total Revenue per Audited Statements
$11,170,858
Total Revenue per Form 990
$10,458,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,292,806
Other Expenses$4,666,479
Total Fundraising Expense$488,455
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,735,885$212,208$358,289$4,306,382
Depreciation Depletion$1,032,453--$1,032,453
Fees for Services Other$574,627$44,990$41,164$660,781
Occupancy$617,256--$617,256
Other Employee Benefits$322,242$22,895$23,264$368,401
Payroll Taxes$263,490$41,730$28,093$333,313
Advertising$319,099-$6,775$325,874
Current Officers, Directors, Trustees, and Key Employees-$284,710-$284,710
Royalties$265,378--$265,378
Insurance$242,572--$242,572
Information Technology$165,266-$6,739$172,005
Other Expenses$142,204$83$988$142,287
All Other Expenses$46,784$3,923$16,440$67,147
Office Expenses$27,326$21,754$4,303$53,383
Travel$31,261$5,609$2,400$39,270
Fees for Services Accounting-$23,700-$23,700
Interest$14,684--$14,684
Total Functional Expenses$8,809,228$661,602$488,455$9,959,285

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,651,410
Expenses per Audited Statements$9,959,285
Total Expenses per Form 990$9,959,285
Expenses Not Reported on Form 990$692,125
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$155,936
Fundraising Gross Income$60,851
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Inspire Science$70,473-$29,878-
Science of Wine$106,814$19,594$52,397$-32,803
Total Events$267,938$60,851$155,936$-95,085
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
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
Yes
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 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 $ 227,680 state of florida $ 172,750 orange county $ 753,823 osceola county $ 18,540 city of orlando $ 493,680 total - line 1e $1,666,473

Form 990, Part VI, Section B, Line 11B

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 interests of osc. Conflicts of interest may include, but are 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 osc to enhance one's position, status, or financial gain at the expense of, or to the detriment of osc. If there is any influence on transactions involving purchases, contracts, or leases, employees 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 president / ceo, 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 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 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 secrets are expected

Form 990, Part VI, Section B, Line 15A

The ceo's compensation is reviewed and approved by an independent compensation committee and based on appropriate comparative data and results in contemporaneous documentation of the decision.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflicts of interest policy, and financial statements available through 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
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joann Newman
Formed
1955
Legal Domicile
Fl
Voting Board Members
31
Independent Board Members
31
Employees
336
Volunteers
1,587

Preparer

Firm
Schafer Tschopp Whitcomb Et Al
Address
541 S ORLANDO AVENUE SUITE 312, MAITLAND, FL 32751
Preparer
Thomas R Tschopp
Phone
4078752760
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 33

Beginning of year end of year deposit,mindbender mansion $ 61,295 $ 0 deposit,toytopia $ 6,750 $ 0 deposit,hall of heroes $ 12,000 $ 42,000 deposit,identity $ 20,000 $ 75,030 deposit,playing with light $ 0 $ 64,000 deposit,teenage mutant ninja turtles $ 0 $ 35,000 deposit,zoo in you $ 0 $ 6,500 deposit,humans plus $ 0 $ 6,500 total - other assets $ 100,045 $ 229,030

PART I, LINE 8 - CONTRACTS AND GRANTS REVENUE:

Osc is currently conducting a multi-year comprehensive campaign fundraising effort. Contributions are recognized when unconditional promises to give are received, and revenues will vary year-to-year. Current year campaign revenues are $938 thousand. Prior year campaign revenues were $2 million.

Part I, Line 15 - Salaries

During fiscal year 2017, osc added ten full time positions and two part time positions across education, public programs, exhibits, and administrative departments.

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, 2017, 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 2014 to 2016 are open to examination by federal authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses related to rental income 115,622. Special event - direct benefit to donor costs 155,936.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses related to rental income 115,622. Special event - direct benefit to donor costs 155,936.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0CORE EXHIBIT HALLS EXPLORE SCIENTIFIC CONTENT AND PROCESSES BEHIND TOPICS OF SIGNIFICANCE TO CENTRAL FLORIDA BUSINESS, EDUCATION, GOVERNMENT, AND PHILANTHROPIC PARTNERS FOR OVER 627,000 VISITORS TO OSC IN FY 2017, INCLUDING MORE THAN 145,000 WHO RECEIVED FREE OR REDUCED PRICE ADMISSION. CORE EXHIBITS INCLUDE NATUREWORKS, WHICH EXPLORES THE FLORA AND FAUNA OF SIX OF THE REGION'S COMMON HABITATS; KINETIC ZONE, WHICH EXPLORES THE FUNDAMENTALS OF FORCES, SUCH AS ELECTRICITY, GRAVITY, AND NEWTON'S LAWS. KIDSTOWN STIMULATES THE HANDS-ON CREATIVE PLAY RECOGNIZED BY EXPERTS AS IMPORTANT TO THE COGNITIVE DEVELOPMENT OF YOUNG CHILDREN. DINO DIGS EXPLORES PALEONTOLOGY AND FEATURES FOSSIL CASTS OF THE GIANT PREHISTORIC CREATURES. OUR PLANET, OUR UNIVERSE EXPLORES THE MYSTERIES OF SPACE AS WELL AS THE DYNAMIC FORCES AND SYSTEMS THAT SHAPE OUR EARTH. ENGINEER IT! FOCUSES ON THE ENGINEERING PROCESS. GUESTS CAN BUILD BRIDGES AND OTHER STRUCTURES USING LEGOS AND TINKER TOYS, AND TEST THEIR FUNCTIONALITY.
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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
2017Detailed filing. Detailed filing data is available for this year.$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. 2017 filings • 501(c)3 • $10M-$25M nonprofits