Civic Intelligence

Pacific Science Center Foundation

990 • Fiscal year 2015 • EIN 91-0750867

Jul 01, 2014 to Jun 30, 2015 • Filed on May 06, 2016

200 Second Avenue NorthSeattle, WA 98109

(206) 443-2001

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.23x

Higher debt load relative to assets than 42% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

0.42x

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

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

48th percentile

$322,454

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

74th percentile

8.6%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

94th percentile

56%

Faster revenue growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$55,576,829

Up $4,422,000 (+8.6%) from 2014

Net Assets

Up

$42,524,939

Up $4,393,763 (+12%) from 2014

Liabilities

Up

$13,051,890

Up $28,237 (+0.2%) from 2014

Revenue

Up

$30,858,245

Up $11,076,542 (+56%) from 2014

Expenses

Up

$26,080,152

Up $3,449,667 (+15%) from 2014

Net Income

Up

$4,778,093

Up $7,626,875 (+268%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $37,505,517Liabilities 2010: $7,218,899Net Assets 2010: $30,286,6182010Assets 2011: $41,223,840Liabilities 2011: $6,861,489Net Assets 2011: $34,362,3512011Assets 2012: $54,214,142Liabilities 2012: $13,923,357Net Assets 2012: $40,290,7852012Assets 2013: $53,916,290Liabilities 2013: $13,491,229Net Assets 2013: $40,425,0612013Assets 2014: $51,154,829Liabilities 2014: $13,023,653Net Assets 2014: $38,131,1762014Assets 2015: $55,576,829Liabilities 2015: $13,051,890Net Assets 2015: $42,524,9392015Assets 2016: $51,660,887Liabilities 2016: $12,043,808Net Assets 2016: $39,617,0792016Assets 2017: $49,817,260Liabilities 2017: $11,760,386Net Assets 2017: $38,056,8742017Assets 2018: $47,351,369Liabilities 2018: $11,749,483Net Assets 2018: $35,601,8862018Assets 2019: $44,552,842Liabilities 2019: $12,604,872Net Assets 2019: $31,947,9702019Assets 2020: $39,248,278Liabilities 2020: $7,997,176Net Assets 2020: $31,251,1022020Assets 2021: $51,616,157Liabilities 2021: $17,734,552Net Assets 2021: $33,881,6052021Assets 2022: $49,782,600Liabilities 2022: $15,683,490Net Assets 2022: $34,099,1102022Assets 2023: $42,749,939Liabilities 2023: $13,872,747Net Assets 2023: $28,877,1922023Assets 2024: $37,848,848Liabilities 2024: $13,218,901Net Assets 2024: $24,629,9472024

Highlighted filing

2015

Assets$55,576,829
Liabilities$13,051,890
Net Assets$42,524,939

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $19,596,8132010Expenses 2011: $25,060,8942011Expenses 2012: $24,750,9962012Expenses 2013: $36,249,3942013Revenue 2014: $19,781,703Expenses 2014: $22,630,485Net Income 2014: -$2,848,7822014Revenue 2015: $30,858,245Expenses 2015: $26,080,152Net Income 2015: $4,778,0932015Revenue 2016: $21,720,378Expenses 2016: $24,081,431Net Income 2016: -$2,361,0532016Revenue 2017: $25,639,250Expenses 2017: $27,525,639Net Income 2017: -$1,886,3892017Revenue 2018: $25,447,430Expenses 2018: $27,885,276Net Income 2018: -$2,437,8462018Revenue 2019: $19,382,842Expenses 2019: $22,834,499Net Income 2019: -$3,451,6572019Revenue 2020: $22,268,810Expenses 2020: $21,441,904Net Income 2020: $826,9062020Revenue 2021: $9,050,327Expenses 2021: $7,820,809Net Income 2021: $1,229,5182021Revenue 2022: $14,639,761Expenses 2022: $11,922,840Net Income 2022: $2,716,9212022Revenue 2023: $17,593,745Expenses 2023: $19,633,755Net Income 2023: -$2,040,0102023Revenue 2024: $19,324,105Expenses 2024: $24,194,722Net Income 2024: -$4,870,6172024

Highlighted filing

2015

Revenue$30,858,245
Expenses$26,080,152
Net Income$4,778,093
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 6, 2016
Return Version
2014v6.0
Gross Receipts
$32,900,638
Mission and Program Overview

Mission

Pacific science center (pacsci) ignites curiosity in every child and fuels a passion for discovery, experimentation, and critical thinking in all of us.

To inspire lifelong interest in science, mathematics and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$37,464,374$38,936,904▲ $1,472,530
Investments Other Securities$8,238,720$8,781,180▲ $542,460
Savings and Temporary Cash Investments$12,024$2,947,086▲ $2,935,062
Pledges and Grants Receivable$2,384,197$1,800,581▼ $583,616
Prepaid Expenses and Deferred Charges$602,685$664,858▲ $62,173
Accounts Receivable$724,819$647,954▼ $76,865
Intangible Assets$314,800$278,218▼ $36,582
Cash and Non-Interest-Bearing Accounts$85,827$198,017▲ $112,190
Investments in Publicly Traded Securities$42,425$40,190▼ $2,235
Inventories for Sale or Use$28,387$33,942▲ $5,555
Total Assets$51,154,829$55,576,829▲ $4,422,000
Other Assets Total$1,256,571$1,247,899▼ $8,672
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,634,491$5,703,306▼ $2,931,185
Accounts Payable and Accrued Expenses$2,231,503$2,587,198▲ $355,695
Tax Exempt Bond Liabilities$0$2,388,350▲ $2,388,350
Deferred Revenue$1,716,353$1,994,161▲ $277,808
Other Liabilities$441,306$378,875▼ $62,431
Total Liabilities$13,023,653$13,051,890▲ $28,237
Net Assets / Fund Balance
Unrestricted Net Assets$25,730,799$30,101,302▲ $4,370,503
Temporarily Rstr Net Assets$10,233,506$10,254,661▲ $21,155
Permanently Rstr Net Assets$2,166,871$2,168,976▲ $2,105
Total Net Assets Fund Balance$38,131,176$42,524,939▲ $4,393,763
Total Liabilities and Net Assets / Fund Balance$51,154,829$55,576,829▲ $4,422,000

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,275,018$21,422,621$47,697,639
Equipment$6,710,275$2,481,074$9,191,349
Land$4,230,000-$4,230,000
Other Land Buildings$1,721,611$34,353$1,755,964
Other Securities$7,849,480--
Closely Held Equity Interests$931,700--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$44,449$87,000▲ $11,194-$137,467
2013$1,280,488-▲ $18,596$1,250,000$44,449
2012$2,088,217$46,024▲ $229,298$1,083,051$1,280,488
2011$2,214,560$11,102▼ $61,964$75,481$2,088,217
2010$1,873,194$20,873▲ $407,230$71,830$2,214,560
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
R Bryce SeidlFormer President & CEOFT$264,056$58,398$322,454
Michal AllaireChief Financial & Operating OfficerFT$192,256$6,307$198,563
Erik PihlVP of DevelopmentFT$189,353$6,637$195,990
Ellen LettvinNoyce FellowFT$170,832$6,637$177,469
Shannon SchumacherDirector of Membership & Annual GivingFT$120,000$6,580$126,580
Diane CarlsonVP of Guest ServicesFT$116,410$6,532$122,942
Dennis SchatzVP Strategic ProgramsFT$118,639-$118,639
Cory SbarbaroInterim CEOFT$51,923-$51,923

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Imax CorporationEntertainment Technology4429 AIRPORT WAY S, Seattle, WA 98108, Ca$701,975
Western Waterproofing Company INCWaterproofing Specialty Contractor1325 6TH AVE 1, New York, NY 10019$677,156
Warner Brothers Distribution INCFeature Film Studio1800 POST OAK BLVD STE 450, Houston, TX 77056$366,277
Base Spy Craft LLCTouring Artifact Exhibition CompanyPO BOX 100486, Pasadena, CA 91189$363,046
Paramount PicturesFeature Film Studio-$360,228
Revenue and Support

Revenue Composition

Contributions and Grants
$14,395,449
Program Service Revenue
$14,707,637
Investment Income
$-452,146
Other Revenue
$2,207,305
All Other Contributions
$9,856,141
Change in Net Assets
$4,778,093

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
Intellectual Property1$1,236,705Fair Market Value
Secur Prtnrshp Trust Intrsts1$931,700Appraisal Value
Securities Publicly Traded11$872,625Fair Market Value
Food Inventory2$2,068Fair Market Value
Total Noncash Contributions15$3,043,098-

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,030,704
Revenue Not Reported on Financial Statements
$-1,172,459
Revenue Not Reported on Form 990
$-130,510
Other Revenue Adjustments
$-1,172,459
Total Revenue per Audited Statements
$31,900,194
Total Revenue per Form 990
$30,858,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,941,147
Salaries, Compensation, and Employee Benefits$11,139,005
Total Fundraising Expense$3,341,233
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,651,621$783,724$1,479,577$8,914,922
Fees for Services Other$2,302,883$162,273$234,932$2,700,088
Depreciation Depletion$1,642,361$225,434$310,918$2,178,713
Royalties$1,583,036$17,313$200,185$1,800,534
Office Expenses$1,106,601$67,289$310,756$1,484,646
Occupancy$1,060,743$352,333$3,106$1,416,182
All Other Expenses$624,275$158,613$216,933$999,821
Advertising$945,275-$27,384$972,659
Payroll Taxes$640,339$99,551$118,795$858,685
Other Employee Benefits$570,758$127,146$155,215$853,119
Current Officers, Directors, Trustees, and Key Employees-$512,279-$512,279
Interest$301,679$41,409$57,111$400,199
Travel$338,234$3,663$13,665$355,562
Other Expenses$143,128$66,594$56,259$265,981
Conferences and Meetings$96,344$36,648$14,565$147,557
Fees for Services Accounting-$86,011-$86,011
Information Technology$29,989$27,661$27,518$85,168
Fees for Services Lobbying$76,000--$76,000
Fees for Services Legal-$16,325-$16,325
Fees for Service Investment Mgmnt Fees-$3,372-$3,372
Total Functional Expenses$19,886,167$2,852,752$3,341,233$26,080,152

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$27,506,431
Expenses per Audited Statements$26,080,152
Total Expenses per Form 990$26,080,152
Expenses Not Reported on Form 990$1,426,279
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$271,724
Fundraising Gross Income$84,597
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Foundations of Science Breakfast$180,593-$10,238-
Festival of the Fountains$339,150$84,597$59,579$25,018
Total Events$519,743$84,597$271,724$-187,127
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Trademark License Obligations$378,875

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWashington State Housing Finance Commission2015-04-28$2,397,000Purchase of hardware and software; facility improvements.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,397,000-$8,650$3,957

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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
Yes
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 11

The 990 is reviewed internally by the cfo. Then it is presented to the board finance committee who reviews it with the accounting firm, the president and cfo. Lastly, the board finance committee presents the 990 to the full board indicating their recommendations as to its completeness and accuracy. All board members receive a copy of the return before it is filed.

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

All board members and officers are required to complete the questionnaire annually. Management reviews the policies and considers the source and impact of any conflicts. If a conflict is found, that board member refrains from discussing or voting on that particular matter.

Form 990, Part VI, Section B, Line 15

In 2014, the ceo resigned; during the time thereafter, an interim ceo was retained while the board conducted a search for a permanent replacement. As of january 2016, will daugherty was identified and hired by the board as the permanent ceo. For all officers of the organization, compensation is determined by review of data from local 990s, salary surveys, input from human resource professionals and board member review.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available to the public upon request. Financial statements are also available on the pacific science center's website which is available to the public.

Form 990, Part VII

Ellen lettvin is a fellow through the department of education. Her compensation was fully funded by a grant from the noyce foundation and the mott foundation.

Filing and Contact Details

Filer

Filer Name
Pacific Science Center Foundation
EIN
91-0750867
Phone
2064432001
Address
200 SECOND AVENUE NORTH, SEATTLE, WA 98109
Doing Business As
Pacific Science Center

Signing Officer

Name
Chris Wheaton
Title
CFO
Phone
2064432001
Signed
2016-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Will Daugherty
Formed
1962
Legal Domicile
Wa
Voting Board Members
27
Independent Board Members
27
Employees
581
Volunteers
450

Preparer

Firm
Clark Nuber Ps
Address
10900 NE 4TH STREET SUITE 1700, BELLEVUE, WA 98004
Preparer
Sara Elizabeth J Hyre
Phone
4254544919
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 6;

At pacific science center we rely on volunteers and interns to help fulfill our mission to inspire lifelong science learning while providing vital assistance in all areas of pacific science center operations. Whether you're interested in hands-on interaction with exhibits and guests or something behind the scenes, we have opportunities for you. We are especially grateful to the more than 900 volunteers who contributed nearly 30,000 hours of dedicated service last year in support of our mission.

Form 990, Part IX, Line 11G

Exhibitry contracts: program service expenses 423,613. Management and general expenses 5. Fundraising expenses 16,703. Total expenses 440,321. Special events: program service expenses 14,821. Management and general expenses 456. Fundraising expenses 124,883. Total expenses 140,160. Grant related contract services: program service expenses 1,376,444. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,376,444. Youth and family programs: program service expenses 187,131. Management and general expenses 0. Fundraising expenses 0. Total expenses 187,131. Facility: program service expenses 208,091. Management and general expenses 113,212. Fundraising expenses 60,464. Total expenses 381,767. Other: program service expenses 92,783. Management and general expenses 48,600. Fundraising expenses 32,882. Total expenses 174,265.

Financial Statement Notes

PART V, LINE 4:

To provide a dependable and growing source of funding for the operation, special programs, and capital improvement requirements of the pacific science center.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold reported on part viii -381,861. Special event expense reported on part viii -271,724. Loss on disposal reported on part viii -518,874.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold reported on part viii 381,861. Special event expense reported on part viii 271,724. Loss on disposal reported on part viii 518,874.

Raw XML AppendixShowing 400 of 1,051 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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IRS990/Desc0EXHIBITSPACIFIC SCIENCE CENTER IN SEATTLE IS WASHINGTON'S LEADING INSTITUTION FOR FUN AND ENGAGING LEARNING FOR CHILDREN, FAMILIES AND GUESTS OF ALL AGES. EXPLORE HUNDREDS OF INTERACTIVE EXHIBITS, WANDER AMONG FLUTTERING TROPICAL BUTTERFLIES, TOUCH LIVE MARINE ANIMAL, EXPLORE DISTANT GALAXIES AND IMMERSE YOURSELF IN A GIANT-SCREEN IMAX FILM. POPULAR ATTRACTIONS INCLUDE THE INSECT VILLAGE, TROPICAL BUTTERFLY HOUSE, PUGET SOUND TIDE POOL, DINOSAURS: A JOURNEY THROUGH TIME, PROFESSOR WELLBODY'S ACADEMY OF HEALTH & WELLNESS AND MUCH MORE. EVERY VISIT TO THE SCIENCE CENTER IS UNIQUE, ENGAGING AND FUN FOR THE WHOLE FAMILY. IN ADDITION TO OUR PERMANENT ATTRACTIONS, WE FEATURE TRAVELING EXHIBITS THAT VARY THROUGHOUT THE YEAR. RECENTLY WE HOSTED THE BLOCKBUSTER, POMPEII: THE EXHIBITION. TINKER TANK: LAST YEAR IN TINKER TANK, OUR POPULAR HANDS-ON DESIGN LAB, 20,000 GUESTS EXPERIMENTED WITH WIND TABLES, GRAVITY WALLS, CARDBOARD AMUSEMENT PARKS, KEVA BLOCKS, ELECTRIC CIRCUITS AND MORE. THE STAFFED, HANDS-ON ACTIVITIES ARE DESIGNED TO CULTIVATE CREATIVE PROBLEM-SOLVING SKILLS THROUGH THE PRACTICE OF THE DESIGN-TEST-REDESIGN ENGINEERING PROCESS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27FORMER PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHIEF FINANCIAL & OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt29INTERIM CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt30VP OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt31NOYCE FELLOW
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIR. OF MEMBERSHIP & ANNUAL GIVING
IRS990/Form990PartVIISectionAGrp/TitleTxt33VP OF GUEST SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt34VP STRATEGIC PROGRAMS
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.8$13.2$24.6$19.3$24.2$4.87
2023Summary only. Only limited summary data is available for this year.$42.7$13.9$28.9$17.6$19.6$2.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.8$15.7$34.1$14.6$11.9$2.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.6$17.7$33.9$9.05$7.82$1.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.2$8.00$31.3$22.3$21.4$0.83
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.6$12.6$31.9$19.4$22.8$3.45
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.4$11.7$35.6$25.4$27.9$2.44
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.8$11.8$38.1$25.6$27.5$1.89
2016Summary only. Only limited summary data is available for this year.$51.7$12.0$39.6$21.7$24.1$2.36
2015Detailed filing. Detailed filing data is available for this year.$55.6$13.1$42.5$30.9$26.1$4.78
2014Summary only. Only limited summary data is available for this year.$51.2$13.0$38.1$19.8$22.6$2.85
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.9$13.5$40.4$36.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.2$13.9$40.3$24.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.2$6.86$34.4$25.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.5$7.22$30.3$19.6
Peer Organizations

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