DISCOVERY PLACE INC

EIN: 560529944 501(c)(3) Arts, Culture & Humanities

CHARLOTTE, NC

Total Revenue
$16,413,291
Total Expenses
$16,802,023
Total Assets
$129,722,007
Net Assets
$122,859,186
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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NC
Principal Officer
CATHERINE WILSON HORNE
Phone
7043481964
Tax Period
2024-07-01 to 2025-06-30

DISCOVERY PLACE INC, founded in 1947, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $16.4M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $122.9M represent 90 months of operating reserves.

Mission

WE BRING SCIENCE, NATURE, AND DESIGN TOGETHER TO CREATE TRANSFORMATIVE EXPERIENCES THAT ENABLE OUR COMMUNITY TO UNDERSTAND, ENJOY, AND APPLY SCIENCE TO THEIR LIVES.

Program Service Accomplishments

Program 1
Expenses: $12,615,383 Revenue: $9,300,267

EDUCATIONAL PROGRAMS, EXPERIENCES & EXHIBITS: DISCOVERY PLACE, INC, OPERATES FOUR MUSEUMS SERVING 539,951 GUESTS ANNUALLY. THIS INCLUDES 64,384 THROUGH WELCOME, AN ECONOMIC ACCESSIBILITY...

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EDUCATIONAL PROGRAMS, EXPERIENCES & EXHIBITS: DISCOVERY PLACE, INC, OPERATES FOUR MUSEUMS SERVING 539,951 GUESTS ANNUALLY. THIS INCLUDES 64,384 THROUGH WELCOME, AN ECONOMIC ACCESSIBILITY PROGRAM.SIGNIFICANT PROGRESS WAS MADE ON TWO MAJOR CAPITAL FACILITY PROJECTS DURING FISCAL YEAR 2025. CONSTRUCTION OF THE CHARLOTTE MUSEUM OF NATURE CONTINUED STEADILY AND REMAINS ON TRACK FOR A MID-TO-LATE 2026 OPENING. ALTHOUGH RENOVATIONS AT DISCOVERY PLACE KIDS ROCKINGHAM WERE COMPLETED IN FISCAL YEAR 2024, FINAL EXPENDITURES FROM THE PROJECT'S ALLOCATED FUNDS WERE COMPLETED IN FISCAL YEAR 2025. WE RECOGNIZED RESTRICTED CONTRIBUTION REVENUES TIED TO BOTH INITIATIVES AND INCURRED ADDITIONAL EXPENSES TO SUPPORT THEIR CONTINUED DEVELOPMENT. THESE ACTIVITIES ARE REFLECTED IN OUR OVERALL REVENUE AND SUPPORT TOTALS.IMAX:IN FISCAL YEAR 2025, DISCOVERY PLACE OPERATED THE CHARLOTTE IMAX DOME THEATRE, WELCOMING 69,668 GUESTS TO EXPERIENCE ITS STATE-OF-THE-ART LASER PROJECTION, IMMERSIVE 12-CHANNEL SOUND SYSTEM, AND THE SOPHISTICATED DIGISTAR 7 PLANETARIUM PLATFORM. THE THEATRE'S RICH PROGRAMMING LINEUP INCLUDED FIRST-RUN HOLLYWOOD FILMS, EDUCATIONAL DOCUMENTARIES, CAPTIVATING PLANETARIUM PRESENTATIONS, AND DISTINCTIVE ALTERNATIVE CONTENT SUCH AS MESMERICA. THESE ENGAGING EXPERIENCES CONTINUED TO ATTRACT NEW AUDIENCES, WITH INCREASING INTEREST FROM ADULT VISITORS.OUTREACH:IN FISCAL YEAR 2025, OUTREACH PROGRAMMING ENGAGED 18,285 STUDENTS THROUGH 419 DELIVERED PROGRAMS. THIS STRONG PERFORMANCE WAS DRIVEN IN PART BY MULTIPLE AFTERSCHOOL CONTRACTS, ENABLING THE TEAM TO PROVIDE HANDS-ON STEM LEARNING EXPERIENCES TO YOUTH ACROSS THE COMMUNITY.YOUTH DEVELOPMENT:IN FISCAL YEAR 2025, YOUTH DEVELOPMENT PROGRAMMING DELIVERED 14 DISTINCT INITIATIVES, REACHING 620 STUDENTS FROM 54 SCHOOLS. THIS ROBUST PORTFOLIO OFFERS MULTIPLE ENTRY POINTS AND PATHWAYS FOR MIDDLE SCHOOL, HIGH SCHOOL, AND EARLY COLLEGE STUDENTS TO ENGAGE IN STEM EDUCATION AND WORKFORCE DEVELOPMENT. SIGNATURE PROGRAMS INCLUDE STEM APPRENTICESHIP, MAYOR'S YOUTH EMPLOYMENT INTERNS, GIRLS DAY OUT, GIRLS IN STEM, STEM PATHWAYS INTERNSHIP, CLUB CODE, STEM YOUTH SUMMIT, AND QC CODE QUEST.SUMMER CAMPS:DURING FISCAL YEAR 2025, DISCOVERY PLACE SCIENCE AND DISCOVERY PLACE KIDS HUNTERSVILLE HOSTED A VIBRANT SEASON OF SUMMER CAMPS. WITH 30 THEMED CAMPS OFFERED OVER 50 TOTAL SESSIONS, THE PROGRAM DELIVERED ANOTHER SUCCESSFUL YEAR OF HANDS-ON LEARNING, FEATURING WEEKLY THEMES DESIGNED FOR CHILDREN FROM PRE-K THROUGH 8TH GRADE.ADULT PROGRAMMING:IN FISCAL YEAR 2025, DISCOVERY PLACE HOSTED A SERIES OF ADULT-ONLY PROGRAMS, WELCOMING A TOTAL OF 8,248 GUESTS. THESE EVENTS INCLUDED SCIENCE ON THE ROCKS, MACABRE MASQUERADE, AND A SCIENCE STUDIO TERRARIUM BUILD WORKSHOP, ALL DESIGNED SPECIFICALLY FOR AUDIENCES AGED 21 AND OLDER.SCIENCE ON THE ROCKS IS AN EVENING EXPERIENCE THAT OFFERS EXCLUSIVE AFTER-HOURS ACCESS TO MUSEUM EXHIBITS, HANDS-ON SCIENCE ACTIVITIES, LIVE PERFORMANCES, MUSIC, IMAX SCREENINGS, WORKSHOPS, AND A VARIETY OF FOOD AND BEVERAGE OPTIONS. MACABRE MASQUERADE, A SIGNATURE HALLOWEEN EVENT FOR ADULTS, TRANSFORMS THE MUSEUM WITH THEMED ENVIRONMENTS, SPECIALTY COCKTAILS, A VIP LOUNGE FEATURING EXCLUSIVE EXPERIENCES, COSTUME CONTESTS, IMMERSIVE ACTIVITIES, AND PERFORMANCES BY AERIALISTS, FORENSIC SCIENCE EXPERTS, AND OTHER PROFESSIONAL ENTERTAINERS. THE SCIENCE STUDIO TERRARIUM BUILD WORKSHOP WAS A UNIQUE BLEND OF INTERACTIVE WORKSHOP AND EXHIBIT, FOCUSED ON CONSERVATION AND INSPIRED BY THE NATIONAL GEOGRAPHIC'S BECOMING JANE GOODALL EXHIBITION. TOGETHER, THESE PROGRAMS HAVE ENABLED DISCOVERY PLACE TO ENGAGE NEW ADULT AUDIENCES AND DIVERSIFY OUR OFFERINGS, EXPANDING OUR REACH ACROSS DIFFERENT AUDIENCE SEGMENTS.DPK SPECIAL PROGRAMS:ALONGSIDE DAILY PROGRAMMING, DISCOVERY PLACE KIDS LOCATIONS IN HUNTERSVILLE AND ROCKINGHAM HOSTED A VARIETY OF SIGNATURE EVENTS DURING FISCAL YEAR 2025, WELCOMING A COMBINED TOTAL OF 4,396 GUESTS. BOTH MUSEUMS FEATURED COUNTDOWN TO KINDERGARTEN, NOON YEAR'S EVE, AND STORYBOOK BALL. ADDITIONALLY, DISCOVERY PLACE KIDS ROCKINGHAM PRESENTED WINTER WONDERLAND, WHILE DISCOVERY PLACE KIDS HUNTERSVILLE OFFERED SEASONAL FAVORITES SUCH AS GHOULY GALA AND FROST FEST.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,408,423
Program Service Revenue $8,175,943
Investment Income $423,315
Other Revenue $1,405,610
TOTAL REVENUE $16,413,291

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,852,521
Fundraising Expenses $898,297
Program Expenses $12,615,383
Other Expenses $6,949,502
TOTAL EXPENSES $16,802,023

Year-over-Year Comparison

2024 2023 Change
Revenue $16,413,291 $14,080,976 +0.2%
Expenses $16,802,023 $17,680,569 0.0%
Net Income $-388,732 $-3,599,593 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
26
Employees
253
Volunteers
194

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
9
$921,141
Total Directors
26
$0
Key Employees
3
$595,882
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADITYA BHASIN CHAIR 4.00
Officer Director
$0 $0 $0
PAUL CAMUTI GOVERNANCE VICE CHAIR 3.00
Officer Director
$0 $0 $0
SAGAR RATHIE EDUCATION, EXPERIENCES & INNOVATION 3.00
Officer Director
$0 $0 $0
JEFF WALLACE FINANCE & INVESTMENT 3.00
Officer Director
$0 $0 $0
LAURA BOWLES AUDIT VICE CHAIR 3.00
Officer Director
$0 $0 $0
STEFANIE HOLLAND SECRETARY 3.00
Officer Director
$0 $0 $0
CHARLIE MORRIS TRUSTEE 2.00
Director
$0 $0 $0
LINDSAY MCCULLOUGH TRUSTEE 2.00
Director
$0 $0 $0
RICH CAMPBELL TRUSTEE 2.00
Director
$0 $0 $0
JASON BERND TRUSTEE 2.00
Director
$0 $0 $0
TODD GORELICK TRUSTEE 2.00
Director
$0 $0 $0
REEM ANANI TRUSTEE 2.00
Director
$0 $0 $0
TRACY KERRINS TRUSTEE 2.00
Director
$0 $0 $0
STEPHANIE SADOWSKI TRUSTEE 2.00
Director
$0 $0 $0
FRANK CHATMAN TRUSTEE 2.00
Director
$0 $0 $0
NAZY WEEKS TRUSTEE 2.00
Director
$0 $0 $0
MARLA RESCHLY TRUSTEE 2.00
Director
$0 $0 $0
LINDA REDDING TRUSTEE 2.00
Director
$0 $0 $0
EMILY HENSON TRUSTEE 2.00
Director
$0 $0 $0
RYAN FAGAN TRUSTEE 2.00
Director
$0 $0 $0
DENNIS GADA TRUSTEE 2.00
Director
$0 $0 $0
MARTY FOLEY TRUSTEE 2.00
Director
$0 $0 $0
VICTORIA WATLINGTON TRUSTEE 2.00
Director
$0 $0 $0
KIMBERLY EUL TRUSTEE 2.00
Director
$0 $0 $0
BEN PYSCH TRUSTEE 2.00
Director
$0 $0 $0
LINDSAY GATES TRUSTEE 2.00
Director
$0 $0 $0
CATHERINE W HORNE CHIEF EXECUTIVE OFFICER 55.00
Officer
$500,572 $37,590 $538,162
KEN DAVIDSON CONTROLLER 60.00
Officer
$129,944 $11,093 $141,037
ANNE N IBEKWE FORMER CFO 60.00
Officer
$222,781 $19,161 $241,942
JENNIFER MEEKER JOYCE CHIEF MARKETING OFFICER 50.00
Key Emp
$188,723 $20,997 $209,720
HEATHER MARIE NORTON CHIEF SCIENCE OFFICER 50.00
Key Emp
$172,725 $16,428 $189,153
ERVIN L GOURDINE CHIEF TALENT OFFICER 50.00
Key Emp
$176,446 $20,563 $197,009
NIKOLE LEE HILL CHIEF LEARNING OFFICER 50.00
Highest
$148,865 $10,571 $159,436
DAN STREELMAN CHIEF EXHIBIT & ENVIRONMENT OFFICER 50.00
Highest
$135,768 $13,258 $149,026
LUCY LIVINGSTONE DIRECTOR, IND. GIVING 50.00
Highest
$116,303 $4,995 $121,298
SARAH HYLTON FANTLE CHIEF OPERATING OFFICER 50.00
Highest
$112,897 $9,483 $122,380
BARRETT LONG SENIOR DIRECTOR, IT 50.00
Highest
$112,385 $10,272 $122,657
SARAH BORDY LANE FORMER CHIEF ADVANCEMENT OFFICER 50.00
$151,542 $1,975 $153,517
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 $16,413,291 $16,802,023 $129,722,007 $-388,732
2024 $14,080,976 $17,680,569 $122,863,847 $-3,599,593
2023 $19,576,538 $15,481,047 $125,480,419 $4,095,491
2022 $15,212,974 $12,164,980 $120,059,399 $3,047,994
2021 $8,211,405 $8,827,829 $119,228,649 $-616,424
2020 $10,179,677 $13,084,303 $111,200,822 $-2,904,626
2019 $12,858,473 $14,807,927 $113,216,963 $-1,949,454
2018 $20,997,014 $14,325,031 $115,249,740 $6,671,983
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