Fiscal Year
07/01/2023
06/30/2024
$6,916,956.00
$5,407,963.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Adventure Science Center IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $7,180,119.00 | $10,457,321.00 | $4,127,792.00 |
| Total Expenses | $1,450,135.00 | $5,174,177.00 | $4,432,293.00 |
| Revenue Less Expenses | $5,729,984.00 | $5,283,144.00 | ($304,501.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $631,221.00 | $3,220,711.00 | $313,161.00 |
| Contributions, Gifts, and Grants | $1,710,486.00 | $3,321,352.00 | $1,905,071.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $4,555,436.00 | $3,579,219.00 | $1,830,998.00 |
| Investment Income, Net of Losses | $140,950.00 | $113,261.00 | $48,061.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $92,893.00 | $90,330.00 | $0.00 |
| Revenue In-Kind | $9,988.00 | $10,850.00 | $0.00 |
| Other | $39,145.00 | $121,598.00 | $30,501.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $4,402,852.00 | $3,924,735.00 | $3,225,131.00 |
| Administration Expense | $1,022,119.00 | $843,535.00 | $787,303.00 |
| Fundraising Expense | $305,013.00 | $405,907.00 | $419,859.00 |
| Total Revenue/Total Expenses | 125% | 202% | 93% |
| Program Expense/Total Expenses | 77% | 76% | 73% |
| Fundraising Expense/Contributed Revenue | 5% | 8% | 9% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $4,555,436.00 | Program Revenue $3,579,219.00 | Contributions, Gifts, Grants $1,905,071.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,710,486.00 | Contributions, Gifts, Grants $3,321,352.00 | Program Revenue $1,830,998.00 |
| Third Highest Funding Source & Dollar Amount | Government Grants $631,221.00 | Government Grants $3,220,711.00 | Government Grants $313,161.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $23,554,347.00 | $22,045,170.00 | $18,324,636.00 |
| Current Assets | $7,011,174.00 | $6,137,014.00 | $2,038,241.00 |
| Long-Term Liabilities | $584,366.00 | $737,559.00 | $691,484.00 |
| Current Liabilities | $1,161,083.00 | $1,157,202.00 | $2,145,678.00 |
| Total Net Assets | $21,798,347.00 | $20,150,409.00 | $15,487,474.00 |
Endowment Info
Yes
$1,622,628.00
N/A
Capital Campaign Info
Yes
Yes
$7,000,000.00
Adventure Science Center has launched a capital campaign to replace BodyQuest, a 20 year old exhibit, with a new gallery that will explore human performance through the lenses of healthcare, sports, and technology - three key industries that have deep roots in Tennessee and drive our economy forward. The gallery will be 9500 square feet of immersive space with 15-20 interactive experiences. All exhibits within the Health, Sports, and Human Performance gallery will reflect K-12 Tennessee science standards and promote interactive hands-on, minds-on engagement in support of classroom learning.
This gallery will seek to answer such questions as: How does the typical person compare to those who perform at extreme levels? How do we repair our bodies, adapt to new challenges, and evolve the capacity to continually push the limits of our physical capabilities? How does modern healthcare play a role in allowing us to achieve peak performance?
The full creation of this $7-million gallery is being planned with assistance from professional sports teams, healthcare companies, and universities. With a useful lifespan of 10 years, the exhibit will impact more than 2.5 million visitors.
October 2021
July 2024
December
2023
$3,100,000.00
Solicitation Permit Info
Yes
December
2023
Form 990s
Audit Documents
Foundation Staff Comments
| Financials taken from 990. Foundation and Corporation gifts included with Individuals. 990 prepared by Cherry Beckaert, LLP. Comment provided by Hayley Sulfridge 2/1/24. |
