Civic Intelligence

Museum of Discovery

EIN 71-0391707 • 501(c)3 • Little Rock, AR

Profile

To ignite and fuel a passion for science, technology, arts and math through dynamic interactive experiences.

500 President Clinton Avenue 150Little Rock, AR 72201

www.museumofdiscovery.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.53x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

3.34x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

13th percentile

-17%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

50th percentile

$186,080

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

94th percentile

56%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

15%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$24,268,071

Up $8,687,238 (+56%) from 2023

Liabilities

Up

$12,781,814

Up $9,243,732 (+261%) from 2023

Net Assets

Down

$11,486,257

Down $556,494 (-4.6%) from 2023

Revenue

Up

$3,827,173

Up $506,577 (+15%) from 2023

Expenses

Up

$4,460,718

Up $737,883 (+20%) from 2023

Net Income

Down

-$633,545

Down $231,306 (-58%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $6,223,352Liabilities 2010: $873,755Net Assets 2010: $5,349,5972010Assets 2011: $15,064,470Liabilities 2011: $2,427,006Net Assets 2011: $12,637,4642011Assets 2012: $12,016,795Liabilities 2012: $796,574Net Assets 2012: $11,220,2212012Assets 2013: $13,452,595Liabilities 2013: $293,144Net Assets 2013: $13,159,4512013Assets 2014: $12,584,858Liabilities 2014: $221,079Net Assets 2014: $12,363,7792014Assets 2015: $11,093,654Liabilities 2015: $228,151Net Assets 2015: $10,865,5032015Assets 2016: $9,449,426Liabilities 2016: $217,420Net Assets 2016: $9,232,0062016Assets 2017: $8,843,212Liabilities 2017: $268,677Net Assets 2017: $8,574,5352017Assets 2018: $7,782,048Liabilities 2018: $308,835Net Assets 2018: $7,473,2132018Assets 2019: $7,522,941Liabilities 2019: $411,592Net Assets 2019: $7,111,3492019Assets 2020: $6,595,819Liabilities 2020: $221,723Net Assets 2020: $6,374,0962020Assets 2021: $11,251,257Liabilities 2021: $321,092Net Assets 2021: $10,930,1652021Assets 2022: $15,862,797Liabilities 2022: $3,571,791Net Assets 2022: $12,291,0062022Assets 2023: $15,580,833Liabilities 2023: $3,538,082Net Assets 2023: $12,042,7512023Assets 2024: $24,268,071Liabilities 2024: $12,781,814Net Assets 2024: $11,486,2572024

Highlighted filing

2024

Assets$24,268,071
Liabilities$12,781,814
Net Assets$11,486,257

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $3,766,880Expenses 2010: $3,021,285Net Income 2010: $745,5952010Revenue 2011: $10,469,289Expenses 2011: $3,181,422Net Income 2011: $7,287,8672011Expenses 2012: $4,870,2722012Revenue 2013: $6,325,448Expenses 2013: $4,363,901Net Income 2013: $1,961,5472013Revenue 2014: $3,183,198Expenses 2014: $3,982,411Net Income 2014: -$799,2132014Revenue 2015: $2,622,061Expenses 2015: $4,117,910Net Income 2015: -$1,495,8492015Revenue 2016: $2,520,980Expenses 2016: $4,155,522Net Income 2016: -$1,634,5422016Revenue 2017: $2,427,905Expenses 2017: $3,204,869Net Income 2017: -$776,9642017Revenue 2018: $2,645,739Expenses 2018: $3,521,542Net Income 2018: -$875,8032018Revenue 2019: $2,875,972Expenses 2019: $3,388,428Net Income 2019: -$512,4562019Revenue 2020: $2,170,141Expenses 2020: $2,944,734Net Income 2020: -$774,5932020Revenue 2021: $7,522,016Expenses 2021: $3,186,401Net Income 2021: $4,335,6152021Revenue 2022: $4,977,495Expenses 2022: $3,299,875Net Income 2022: $1,677,6202022Revenue 2023: $3,320,596Expenses 2023: $3,722,835Net Income 2023: -$402,2392023Revenue 2024: $3,827,173Expenses 2024: $4,460,718Net Income 2024: -$633,5452024

Highlighted filing

2024

Revenue$3,827,173
Expenses$4,460,718
Net Income-$633,545

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$12.8$11.5$3.83$4.46$0.63
2023Detailed filing. Detailed filing data is available for this year.$15.6$3.54$12.0$3.32$3.72$0.40
2022Detailed filing. Detailed filing data is available for this year.$15.9$3.57$12.3$4.98$3.30$1.68
2021Detailed filing. Detailed filing data is available for this year.$11.3$0.32$10.9$7.52$3.19$4.34
2020Detailed filing. Detailed filing data is available for this year.$6.60$0.22$6.37$2.17$2.94$0.77
2019Detailed filing. Detailed filing data is available for this year.$7.52$0.41$7.11$2.88$3.39$0.51
2018Detailed filing. Detailed filing data is available for this year.$7.78$0.31$7.47$2.65$3.52$0.88
2017Detailed filing. Detailed filing data is available for this year.$8.84$0.27$8.57$2.43$3.20$0.78
2016Detailed filing. Detailed filing data is available for this year.$9.45$0.22$9.23$2.52$4.16$1.63
2015Detailed filing. Detailed filing data is available for this year.$11.1$0.23$10.9$2.62$4.12$1.50
2014Detailed filing. Detailed filing data is available for this year.$12.6$0.22$12.4$3.18$3.98$0.80
2013Detailed filing. Detailed filing data is available for this year.$13.5$0.29$13.2$6.33$4.36$1.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.80$11.2$4.87
2011Summary only. Only limited summary data is available for this year.$15.1$2.43$12.6$10.5$3.18$7.29
2010Summary only. Only limited summary data is available for this year.$6.22$0.87$5.35$3.77$3.02$0.75
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 21, 2025
Return Version
2024v5.2
Gross Receipts
$3,996,899
Mission and Program Overview

Mission

To ignite a passion for science, technology, and math in a dynamic, interactive environment.

To ignite and fuel a passion for science, technology, arts and math through dynamic interactive experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,967,394$11,341,815▲ $6,374,421
Savings and Temporary Cash Investments$1,832,401$2,035,773▲ $203,372
Pledges and Grants Receivable$573,217$453,010▼ $120,207
Investments in Publicly Traded Securities$338,249$299,153▼ $39,096
Inventories for Sale or Use$30,280$28,726▼ $1,554
Prepaid Expenses and Deferred Charges$27,572$18,471▼ $9,101
Accounts Receivable$37,054$8,596▼ $28,458
Cash and Non-Interest-Bearing Accounts$1,350$1,350→ $0
Total Assets$15,580,833$24,268,071▲ $8,687,238
Other Assets Total$7,773,316$10,081,177▲ $2,307,861
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$9,282,888▲ $9,282,888
Other Liabilities$3,049,551$2,946,575▼ $102,976
Deferred Revenue$233,517$298,627▲ $65,110
Accounts Payable and Accrued Expenses$255,014$253,724▼ $1,290
Total Liabilities$3,538,082$12,781,814▲ $9,243,732
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,532,921$8,012,084▲ $6,479,163
Net Assets Without Donor Restrictions$10,509,830$3,474,173▼ $7,035,657
Total Net Assets Fund Balance$12,042,751$11,486,257▼ $556,494
Total Liabilities and Net Assets / Fund Balance$15,580,833$24,268,071▲ $8,687,238

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,400,525$7,673,855$16,074,380
Leasehold Improvements$2,787,776$1,632,438$4,420,214
Equipment$153,514$445,094$598,608
Other Assets Org$7,109,822--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,532,921$224,750▲ $7,109,822$855,409$8,012,084
2023$4,818,173$390,941▲ $214,602$3,890,795$1,532,921
2022$2,629,684$3,823,507▼ $290,655$1,344,363$4,818,173
2021$2,184,471$247,500▲ $257,054$59,341$2,629,684
2020$2,731,129$24,540▲ $57,112$628,310$2,184,471
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelley BassChief Executive OfficerFT$176,915$9,165$186,080
Lisa PadenChief Financial OfficerFT$100,000$6,272$106,272

Board Members and Trustees

NameTitle
Melissa BandyChair
Megan EvesIncoming Chair
Annice SteadmanBoard Member
Brad McbrideBoard Member
Daniel RobinsonBoard Member
David LesieurBoard Member
Gert ClarkBoard Member
Heartsill RagonBoard Member
Jeff HildebrandBoard Member
Jennifer BallardBoard Member
John BurgessBoard Member
Jordan CulverBoard Member
Julie SteelBoard Member
Keli WylieBoard Member
Marie KnoxBoard Member
Marilyn WoessnerBoard Member
Mei-mei BrownBoard Member
Michael ConsidineBoard Member
Michael HansberryBoard Member
Michael NaumanBoard Member
Nan SelzBoard Member
Tami BeanBoard Member
Lisa RichardsonSecretary
Bob ChildressTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Hands On Studio LLCExhibit Construction15815 39TH GLN EAST, Parrish, FL 34219$146,087
Revenue and Support

Revenue Composition

Contributions and Grants
$1,982,931
Program Service Revenue
$1,670,477
Investment Income
$85,207
Other Revenue
$88,558
All Other Contributions
$1,122,336
Change in Net Assets
$-633,545

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table34$28,685Cash Value
Other Non Cash Contri Table9$5,541Face Value
Works of Art7$710Vendor Quote/estimate
Clothing and Household Goods-$240Vendor Quote/estimate
Total Noncash Contributions50$35,176-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,824,621
Revenue Not Reported on Financial Statements
$2,552
Revenue Not Reported on Form 990
$7,317,239
Total Revenue per Audited Statements
$11,141,860
Total Revenue per Form 990
$3,827,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,379,687
Other Expenses$2,081,031
Total Fundraising Expense$427,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,407,640$186,085$185,193$1,778,918
Depreciation Depletion$889,897$48,364$29,018$967,279
Occupancy$402,293$73,617$24,539$500,449
Current Officers, Directors, Trustees, and Key Employees$39,862$148,822$103,667$292,351
Payroll Taxes$117,754$27,920$23,424$169,098
Other Employee Benefits$81,330$13,170$13,223$107,723
Office Expenses$60,511$16,187$15,425$92,123
Insurance$71,362$12,696$3,070$87,128
Interest$70,396--$70,396
Fees for Services Accounting-$27,000$24,713$51,713
Advertising$45,393$1,046-$46,439
Pension Plan Contributions$10,592$16,886$4,119$31,597
Conferences and Meetings$20,917$5,517$1,746$28,180
Travel$12,623--$12,623
Other Expenses$10,837$736$268$11,841
All Other Expenses$9,525--$9,525
Fees for Service Investment Mgmnt Fees-$2,552-$2,552
Fees for Services Legal-$2,046-$2,046
Total Functional Expenses$3,439,573$593,890$427,255$4,460,718

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,698,353
Expenses Not Reported on Form 990$7,240,187
Total Expenses per Form 990$4,460,718
Expenses per Audited Statements$4,458,166
Expenses Not Reported on Financial Statements$2,552
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$85,326
Fundraising Gross Income$30,038
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spark$236,505$21,924$42,182$-20,258
Tinkerfest$56,663$8,114$7,433$681
Total Events$425,633$30,038$85,326$-55,288
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$2,946,575
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 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
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, Section B, Line 11B

The form 990 was reviewed by the chief executive officer, the chief financial officer, and the finance committee of the board of directors before filing.

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

Each year the chief executive officer contacts each board member individually and has them to complete a conflict of interest form.

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

The compensation of the chief executive officer is reviewed annually by the executive committee with adjustments made based on a variety of factors including performance, comparable salary data, and the organization's financial condition.

Form 990, Part VI, Section C, Line 19

The organization's form 990, audit report and related financial statements and other documents are available for public inspection at the physical address listed in box c on page 1 of this form.

Filing and Contact Details

Filer

Filer Name
Museum of Discovery
EIN
71-0391707
Phone
5013967050
Address
500 PRESIDENT CLINTON AVENUE 150, LITTLE ROCK, AR 72201

Signing Officer

Name
Lisa Paden
Title
Chief Financial Officer
Phone
5013967050
Signed
2025-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Paden
Formed
1976
Legal Domicile
Ar
Voting Board Members
24
Independent Board Members
24
Employees
73
Volunteers
330

Preparer

Firm
Landmark Plc Cpas
Address
200 W CAPITOL AVE SUITE 1700, LITTLE ROCK, AR 72201
Preparer
John Albritton CPA
Phone
5013752025
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The organization's endowment funds consist of a restricted fund for programs and a restricted fund for project maintenance, repair and equipment. The income generated from these funds plus 5% of the corpus each year will be available for expenditures related to the organization's programs and upkeep of the organization's facilities.

PART X, LINE 2:

Accounting standards require the museum to evaluate tax positions and recognize a tax liability (or asset) if the museum has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service (irs). The museum has analyzed the tax positions taken and has concluded that as of december 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require the recognition of a liability (or asset) or disclosure in the financial statements. The museum may be subject to audit by the irs; however, there are currently no audits for any tax periods in progress.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Museum store cost of goods sold 84,400. Direct expense related to special events 85,327. Change in interest in net assets of the foundation 7,109,822.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Museum store cost of goods sold 84,400. Direct expense related to special events 85,327. Transfers to the foundation 7,070,460.

Raw XML AppendixShowing 400 of 795 raw XML fields

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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