THE DISCOVERY MUSEUM INC

EIN: 060740527 501(c)(3) Arts, Culture & Humanities

Bridgeport, CT

Total Revenue
$1,848,902
Total Expenses
$2,571,715
Total Assets
$5,616,644
Net Assets
$4,490,961
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
CT
Principal Officer
David Zieff
Phone
2034163521
Tax Period
2024-07-01 to 2025-06-30

THE DISCOVERY MUSEUM INC, founded in 1958, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $2.6M exceeded revenue, resulting in a 39% operating deficit.

Mission

The Discovery Museum strives to engage, excite, and educate young learners through experiences and programs that inspire wonder and ignite creativity as the foundation for a lifetime love of science, technology, engineering, and mathematics (STEM) learning.The Museums core audience is young learners ages 5-14 who connect to us with their teachers and classmates during the school day or by themselves or with their families, mentors, or social groups after school, on weekends, during school vacations or in the summer. We provide a hardy portfolio of STEM learning experiences including; unmediated gallery-based exploration of STEM focused temporary and permanent exhibits; over 80 unique onsite and offsite mediated demonstrations and learning labs; a Challenger Learning Center space exploration simulation; Planetarium shows; unique grant-funded school-museum science learning partnerships; and an engaging 7-week summer STEM learning program.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $770,645
Program Service Revenue $685,425
Investment Income $68,339
Other Revenue $324,493
TOTAL REVENUE $1,848,902

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,366,320
Fundraising Expenses $377,220
Program Expenses $1,889,960
Other Expenses $1,195,770
TOTAL EXPENSES $2,571,715

Year-over-Year Comparison

2024 2023 Change
Revenue $1,848,902 $1,992,079 -0.1%
Expenses $2,571,715 $2,528,452 +0.0%
Net Income $-722,813 $-536,373 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
125
Volunteers
250

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$125,444
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erika Eng Executive Dir. 40.00
Officer
$120,000 $5,444 $125,444
Vance Hanckck Esq Secretary 1.00
Officer Director
$0 $0 $0
Michael P Alfano Co-Chairman 1.00
Officer Director
$0 $0 $0
Mary Servino Vice Chair 1.00
Officer Director
$0 $0 $0
Ani Chaghatzbanian Trustee 1.00
Director
$0 $0 $0
Melinda Formica Trustee 1.00
Director
$0 $0 $0
Peter Ward Trustee 1.00
Director
$0 $0 $0
Todd Michalka Trustee 1.00
Director
$0 $0 $0
Robert Panza Chairman 2.00
Officer Director
$0 $0 $0
David Zieff CPA Treasurer 3.00
Officer Director
$0 $0 $0
Jaime Moss Trustee 1.00
Director
$0 $0 $0
Dr Jani Pallis PhD Trustee 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,848,902 $2,571,715 $5,616,644 $-722,813
2024 $1,992,079 $2,528,452 $6,197,784 $-536,373
2023 $2,158,543 $2,139,517 $6,652,240 $19,026
2022 $2,968,103 $1,739,708 $6,689,030 $1,228,395
2021 $1,104,623 $1,174,839 $5,611,992 $-70,216
2020 $1,651,467 $1,593,545 $5,252,981 $57,922
2019 $1,726,602 $1,931,032 $5,092,044 $-204,430
2018 $1,339,752 $1,901,442 $5,081,920 $-561,690
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