Civic Intelligence

Powerhouse Science Center

990 • Fiscal year 2018 • EIN 68-0321106

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

3615 Auburn BlvdSacramento, CA 95821

(916) 808-3942

Siviq Scores

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

Liabilities / Assets

88th percentile

0.86x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

17.36x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

88th percentile

43%

Higher net margin than 88% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

6th percentile

$96,000

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

99th percentile

455%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

36%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$50,059,539

Up $41,043,599 (+455%) from 2017

Net Assets

Up

$6,836,252

Up $496,267 (+7.8%) from 2017

Liabilities

Up

$43,223,287

Up $40,547,332 (+1515%) from 2017

Revenue

Up

$2,489,579

Up $657,174 (+36%) from 2017

Expenses

Up

$1,426,952

Up $43,726 (+3.2%) from 2017

Net Income

Up

$1,062,627

Up $613,448 (+137%) from 2017

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $1,410,075Liabilities 2011: $461,697Net Assets 2011: $948,3782011Assets 2012: $5,494,414Liabilities 2012: $1,364,119Net Assets 2012: $4,130,2952012Assets 2013: $7,638,834Liabilities 2013: $2,732,938Net Assets 2013: $4,905,8962013Assets 2014: $8,039,940Liabilities 2014: $2,588,286Net Assets 2014: $5,451,6542014Assets 2015: $8,482,432Liabilities 2015: $2,799,808Net Assets 2015: $5,682,6242015Assets 2016: $8,523,073Liabilities 2016: $2,632,267Net Assets 2016: $5,890,8062016Assets 2017: $9,015,940Liabilities 2017: $2,675,955Net Assets 2017: $6,339,9852017Assets 2018: $50,059,539Liabilities 2018: $43,223,287Net Assets 2018: $6,836,2522018Assets 2019: $54,386,512Liabilities 2019: $45,069,892Net Assets 2019: $9,316,6202019Assets 2020: $62,690,435Liabilities 2020: $49,200,612Net Assets 2020: $13,489,8232020Assets 2021: $64,778,335Liabilities 2021: $47,277,870Net Assets 2021: $17,500,4652021Assets 2022: $66,254,950Liabilities 2022: $48,386,686Net Assets 2022: $17,868,2642022Assets 2023: $64,561,140Liabilities 2023: $47,443,092Net Assets 2023: $17,118,0482023Assets 2024: $62,986,503Liabilities 2024: $46,907,791Net Assets 2024: $16,078,7122024

Highlighted filing

2018

Assets$50,059,539
Liabilities$43,223,287
Net Assets$6,836,252

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2011: $1,510,047Expenses 2011: $1,217,172Net Income 2011: $292,8752011Expenses 2012: $1,391,6112012Expenses 2013: $1,199,9132013Revenue 2014: $2,041,408Expenses 2014: $1,029,868Net Income 2014: $1,011,5402014Revenue 2015: $1,208,269Expenses 2015: $977,299Net Income 2015: $230,9702015Revenue 2016: $1,427,293Expenses 2016: $1,219,111Net Income 2016: $208,1822016Revenue 2017: $1,832,405Expenses 2017: $1,383,226Net Income 2017: $449,1792017Revenue 2018: $2,489,579Expenses 2018: $1,426,952Net Income 2018: $1,062,6272018Revenue 2019: $4,060,397Expenses 2019: $1,491,496Net Income 2019: $2,568,9012019Revenue 2020: $5,680,646Expenses 2020: $1,505,265Net Income 2020: $4,175,3812020Revenue 2021: $5,257,147Expenses 2021: $1,399,373Net Income 2021: $3,857,7742021Revenue 2022: $7,088,630Expenses 2022: $4,648,970Net Income 2022: $2,439,6602022Revenue 2023: $7,754,308Expenses 2023: $6,570,963Net Income 2023: $1,183,3452023Revenue 2024: $7,718,795Expenses 2024: $6,800,291Net Income 2024: $918,5042024

Highlighted filing

2018

Revenue$2,489,579
Expenses$1,426,952
Net Income$1,062,627
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$2,531,207
Mission and Program Overview

Mission

The discovery museum of sacramento is a dynamic, regional hub that engages and inspires people of all ages to explore the wonders, possibilities, and responsibilities of science.

The discovery museum of sacremento is a dynamic, regional hub that engages and inspires people of all ages to explore the wonders, possibilities, and responsibilities of science.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$617,892$40,129,715▲ $39,511,823
Land, Buildings, and Equipment, Net$5,924,043$7,656,480▲ $1,732,437
Pledges and Grants Receivable$2,450,379$1,742,302▼ $708,077
Savings and Temporary Cash Investments$0$477,349▲ $477,349
Prepaid Expenses and Deferred Charges$16,047$48,885▲ $32,838
Inventories for Sale or Use$5,800$4,808▼ $992
Accounts Receivable$1,779$0▼ $1,779
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$9,015,940$50,059,539▲ $41,043,599
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$0$39,508,295▲ $39,508,295
Deferred Revenue$1,645,297$1,926,532▲ $281,235
Accounts Payable and Accrued Expenses$98,287$943,643▲ $845,356
Other Liabilities$776,227$697,820▼ $78,407
Mortgage Notes Payable Secured by Investment Property$156,144$146,997▼ $9,147
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$2,675,955$43,223,287▲ $40,547,332
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,131,950$4,884,325▼ $247,625
Unrestricted Net Assets$1,208,035$1,951,927▲ $743,892
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$6,339,985$6,836,252▲ $496,267
Total Liabilities and Net Assets / Fund Balance$9,015,940$50,059,539▲ $41,043,599

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,485,211-$7,485,211
Equipment$171,269$1,343,316$1,514,585
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Harry LaswellDirectorPT$96,000$96,000

Board Members and Trustees

NameTitle
Michele WongPresident
Raymond BurnellVice President
Andrew KramerDirector
Anne StainesDirector
Binda MangatDirector
Celeste ChinDirector
Darrell SteinbergDirector
Dr Judy KjelstromDirector
Dr Santosh MishraDirector
Hon Patrick KennedyDirector
Jody UlichDirector
Jon SnyderDirector
Kate MeisDirector
Kristen T CastanosDirector
Warren SmithDirector
Melissa FosterDirector (beg. 11/17)
Dusty MillerDirector (beg. 7/17)
Pete CovaDirector (end. 12/17)
Sue StickelDirector (end. 4/18)
Michael GalaneDirector (interim Exec Dir)
Johan OttoSecretary (beg. 4/18)
Raymond a LoydTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,806,318
Program Service Revenue
$472,279
Investment Income
$137,569
Other Revenue
$73,413
All Other Contributions
$232,081
Change in Net Assets
$1,062,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,489,579
Revenue Not Reported on Form 990
$194,488
Total Revenue per Audited Statements
$2,684,067
Total Revenue per Form 990
$2,489,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$899,361
Other Expenses$527,591
Total Fundraising Expense$128,380
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$288,154$318,804$15,401$622,359
Fees for Services Other$67,022$2,309$65,008$134,339
Current Officers, Directors, Trustees, and Key Employees$58,000$29,000$29,000$116,000
Other Employee Benefits$45,309$45,309$5,784$96,402
Office Expenses-$79,224-$79,224
Occupancy$51,065$17,022-$68,087
Payroll Taxes$30,362$30,362$3,876$64,600
Depreciation Depletion$40,017--$40,017
All Other Expenses$27,515$9,203$1,363$38,081
Insurance$22,301$7,434-$29,735
Advertising$13,263$4,421$7,948$25,632
Other Expenses$0$12,528$0$12,528
Fees for Services Accounting-$8,571-$8,571
Travel$5,895$1,829-$7,724
Total Functional Expenses$726,660$571,912$128,380$1,426,952

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,099,927
Expenses per Audited Statements$1,426,952
Total Expenses per Form 990$1,426,952
Expenses Not Reported on Form 990$672,975
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,489
Fundraising Direct Expenses$22,327
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Big Bang Event$68,510$44,489$6,248$38,241
Total Events$68,510$44,489$22,327$22,162
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Construction Costs$697,820

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Infrastructure & Economic Development2017-12-29$22,000,000SEE PART VI
BCalifornia Infrastructure & Economic Development2018-03-14$18,500,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$22,248,583$0$0$439,525
B$18,549,481$0$0$370,000

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 VI, Line 11B

The form 990 was prepared and reviewed by an outside accounting firm based on information provided by the director of finance. The form 990 is reviewed by the executive director and board prior to filing with the irs.

Form 990, Part VI, Line 12 & 13

A conflict of interest policy was formally adopted in August of 2017. WHISTLEBLOWER POLICIES ARE DISCUSSED WITH BOARD MEMBERS AND STAFF MEMBERS WHEN RECRUITED, but no formal policy was in place during the year ended June 30, 2018.

Form 990, Part VI, Line 15

Compensation of the executive director and all other officers is determined by the board of directors and approved by the chairman of the board.

Form 990, Part VI, Line 19

Governing documents and policies are made available to the public upon request and on the state's registry of charitable trusts website.

Filing and Contact Details

Filer

Filer Name
Powerhouse Science Center
EIN
68-0321106
In Care Of
% JOHN LOWE
Phone
9168083942
Address
3615 AUBURN BLVD, SACRAMENTO, CA 95821
Doing Business As
Discovery Museum

Signing Officer

Name
John Lowe
Title
Director Finance & Ops
Phone
9165753942
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Lowe
Formed
1993
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
20
Employees
25
Volunteers
153

Preparer

Firm
Ernst & Young US Llp
Address
2 NORTH CENTRAL AVENUE STE 2300, PHOENIX, AZ 85004
Preparer
Brenda D Griesemer
Phone
6023223000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

OPERATION OF THE SCIENCE AND SPACE CENTER, WHICH BRINGS THE EXCITEMENT OF SCIENTIFIC DISCOVERY TO STUDENTS, FAMILIES AND ALL MEMBERS OF THE COMMUNITY. EACH EXHIBIT FEATURES INTERACTIVE, HANDS-ON ACTIVITIES AND SEARCH-AND-FIND GUIDES BASED ON STATE SCIENCE STANDARDS. THIS INCLUDES EDUCATIONAL PROGRAMS FOR LOCAL SCHOOL CHILDREN SUCH AS THE CHALLENGER LEARNING CENTER, AN INTERACTIVE SPACE MISSION SIMULATOR CONSISTING OF A REALISTIC MISSION CONTROL AND SPACECRAFT - ALL THREE MISSION SCENARIOS SIMULATE AN ENTIRE NASA EXPLORATION MISSION FROM LAUNCH TO ACHIEVING THE MISSION OBJECTIVE. Powerhouse Science Center has served the greater Sacramento region for over 65 years, bringing hands-on STEM (Science, Technology, Engineering and Math) experiences to school aged children in grades K 8 and the general public. We host over 40,000 public, private and home school children annually, representing over 452 schools in 17 counties. 40% of students come from economically disadvantaged populations, 30% come from Title 1 schools, and 65% of students self-identify as other than Caucasian. Our school programs include laboratories, workshops and outreach programs, which are aligned to CA Next Generation Science Standards, planetarium shows, the Challenger Learning Center, and a unique archaeological dig. Opened 337 days per year, the general public and members attend weekend programming and have access to our current exhibition. FORM 990, PART VI, LINE 1A The Board of Directors may delegate the management of day-to-day operation of the business of the corporation to the Executive Committee of the Board of Directors or to any other person; provided, however, that the business and affairs of the corporation shall be managed, and all corporate powers shall be exercised, under the ultimate direction of the Board of Directors. The Executive Committee is comprised of the President, Vice President, Secretary, Treasurer, and one or more other Director(s) appointed by the Board of Directors. FORM 990, PART VI, LINE 4 THE BYLAWS WERE AMENDED IN JUNE OF 2017 TO INCREASE THE NUMBER OF DIRECTORS TO 25.

Form 990, Part XI, Line 9

Other changes in net assets or fund balances uncollectible pledges $(566,360) ========== total $(566,360)

Financial Statement Notes

Schedule D, Part X, Line 2

In the preparation of tax returns, tax positions are taken based on interpretations of Federal and State income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions as deemed necessary and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. With few exceptions, the Center is open to income tax examination for any tax year after 2014.

Schedule D, Part XI, Line 2D

Amounts included on Line 1 but not on Form 990, Part VIII, Line 12 Net assets released from restrictions $ 87,873 SCHEDULE D, PART XII, LINE 2D AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25 UNCOLLECTIBLE PLEDGES $566,360

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$63.0$46.9$16.1$7.72$6.80$0.92
2023Detailed filing. Detailed filing data is available for this year.$64.6$47.4$17.1$7.75$6.57$1.18
2022Detailed filing. Detailed filing data is available for this year.$66.3$48.4$17.9$7.09$4.65$2.44
2021Detailed filing. Detailed filing data is available for this year.$64.8$47.3$17.5$5.26$1.40$3.86
2020Detailed filing. Detailed filing data is available for this year.$62.7$49.2$13.5$5.68$1.51$4.18
2019Detailed filing. Detailed filing data is available for this year.$54.4$45.1$9.32$4.06$1.49$2.57
2018Detailed filing. Detailed filing data is available for this year.$50.1$43.2$6.84$2.49$1.43$1.06
2017Detailed filing. Detailed filing data is available for this year.$9.02$2.68$6.34$1.83$1.38$0.45
2016Detailed filing. Detailed filing data is available for this year.$8.52$2.63$5.89$1.43$1.22$0.21
2015Detailed filing. Detailed filing data is available for this year.$8.48$2.80$5.68$1.21$0.98$0.23
2014Summary only. Only limited summary data is available for this year.$8.04$2.59$5.45$2.04$1.03$1.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.64$2.73$4.91$1.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$1.36$4.13$1.39
2011Summary only. Only limited summary data is available for this year.$1.41$0.46$0.95$1.51$1.22$0.29
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $50M-$100M nonprofits