MUSEUM OF ARTS AND SCIENCES INC

EIN: 591022050 501(c)(3) Arts, Culture & Humanities

DAYTONA BEACH, FL

Total Revenue
$5,787,821
Total Expenses
$4,938,304
Total Assets
$79,367,718
Net Assets
$79,065,003
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
FL
Principal Officer
TABITHA SCHMIDT
Phone
3852550285
Tax Period
2023-01-01 to 2023-12-31

MUSEUM OF ARTS AND SCIENCES INC, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $4.9M left a modest 15% surplus.

Mission

THE MUSEUM OF ARTS AND SCIENCES, INC. PURPOSE IS TO RENDER EDUCATIONAL AND CULTURAL SERVICES TO THE COMMUNITY THROUGH THE COLLECTION, PRESERVATION, CONSERVATION AND INTERPRETATION OF ORIGINAL AND SIGNIFICANT OBJECTS THAT ARE THE CULTURAL HERITAGE OF THIS COMMUNITY. PARTICULAR EMPHASIS IS DIRECTED TO PROGRAMS FOR BRINGING ABOUT A BETTER UNDERSTANDING AND APPRECIATION OF ART, THE WORLD IN WHICH WE LIVE, AND THE NATURAL AND SOCIAL SCIENCES EMBODIED IN THE HISTORY OF MANKIND.

Program Service Accomplishments

Program 1
Expenses: $4,530,083 Revenue: $848,004

THE MUSEUM OF ARTS AND SCIENCES, INC. MAINTAINS AND OPERATES A FACILITY IN DAYTONA BEACH, FL. THE MUSEUM COLLECTIONS AND RESEARCH INCLUDE CUBAN AND FLORIDA ART, AMERICAN FINE AND DECORATIVE ARTS...

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THE MUSEUM OF ARTS AND SCIENCES, INC. MAINTAINS AND OPERATES A FACILITY IN DAYTONA BEACH, FL. THE MUSEUM COLLECTIONS AND RESEARCH INCLUDE CUBAN AND FLORIDA ART, AMERICAN FINE AND DECORATIVE ARTS, EUROPEAN PAINTINGS, PRE- COLUMBIAN AND AFRICAN ARTIFACTS, PLEISTOCENE FOSSILS AND REGIONAL NATURAL HISTORY. PERMANENT AND CHANGING EXHIBITS, LECTURES AND CLASSES HIGHLIGHT EDUCATIONAL PROGRAMS. ONE OF THOSE EDUCATIONAL PROGRAMS IS THE SUMMER LEARNING INSTITUTE. THE SUMMER LEARNING INSTITUTE IS A PROGRAM THAT FOCUSES ON ART, SCIENCE AND HISTORY, WITH MANY INTEGRATED LEARNING EXPERIENCES FOR OUR STUDENTS. ALL CLASSES ARE TAUGHT BY DEGREED PROFESSIONALS WITH MANY YEARS OF TEACHING EXPERIENCE. IT PROVIDES INTERACTIVE AND ENGAGING EXPERIENCES FOR EACH OF ITS STUDENTS. THE MUSEUM HOUSES CHANGING ART AND SCIENCE EXHIBITION GALLERIES, PERMANENT COLLECTION GALLERIES, A GALLERY OF AFRICAN ART, PAINTINGS, DECORATIVE ARTS AND FURNITURE, A HISTORY OF FLORIDA WING, A CUBAN FINE AND FOLK ARTS MUSEUM, A PLANETARIUM, LIBRARY, THE FRISCHER SCULPTURE GARDEN, THE ROOT WING, MAINTAINS NATURE TRAILS IN A 60 ACRE RESERVE IN ADJACENT TUSCAWILLA PARK AND MAINTAINS HISTORIC PROPERTY CALLED "GAMBLE PLACE." THE MUSEUM MAINTAINS AND OPERATES A FACILITY OF HISTORIC BUILDINGS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,084,345
Program Service Revenue $848,004
Investment Income $2,400,716
Other Revenue $454,756
TOTAL REVENUE $5,787,821

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,982,914
Fundraising Expenses $393,349
Program Expenses $4,530,083
Other Expenses $2,955,390
TOTAL EXPENSES $4,938,304

Year-over-Year Comparison

2023 2022 Change
Revenue $5,787,821 $4,364,950 +0.3%
Expenses $4,938,304 $4,624,927 +0.1%
Net Income $849,517 $-259,977 -4.3%
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
18
Independent Members
18
Employees
57
Volunteers
235

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
8
$0
Total Directors
19
$199,324
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TABITHA SCHMIDT EXECUTIVE DI 40.00
Director
$199,324 $0 $199,324
CICI BROWN TRUSTEE LIAI 10.00
Officer Director
$0 $0 $0
BILL CHAPIN VICE PRESIDE 10.00
Officer Director
$0 $0 $0
MELINDA DAWSON TRUSTEE 5.00
Director
$0 $0 $0
JERI DELGADO TRUSTEE 5.00
Director
$0 $0 $0
RANDY DYE TRUSTEE 5.00
Director
$0 $0 $0
TOM HART PAST PRESIDE 10.00
Officer Director
$0 $0 $0
BRUCE HEUGEL TRUSTEE 5.00
Director
$0 $0 $0
TODD HUFFSTICKLER PRESIDENT 10.00
Officer Director
$0 $0 $0
KATHERINE HURST MILLER TRUSTEE 5.00
Director
$0 $0 $0
ALLISON MORRIS-ZACHARIAS TRUSTEE 5.00
Director
$0 $0 $0
ANN PHILLIPS SECRETARY 10.00
Officer Director
$0 $0 $0
DIANNE ROGERS GUILD PRESID 10.00
Officer Director
$0 $0 $0
JUDGE BELLE SCHUMANN TRUSTEE 5.00
Director
$0 $0 $0
DR KENT SHARPLES ASSISTANT VP 10.00
Officer Director
$0 $0 $0
JILL SIMPKINS TRUSTEE 5.00
Director
$0 $0 $0
ANDREW WATTS TREASURER 10.00
Officer Director
$0 $0 $0
JACK WHITE ASSISTANT TR 10.00
Director
$0 $0 $0
AMY WORKOWSKI TRUSTEE 5.00
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
2024 No data No data No data No data
2023 $5,787,821 $4,938,304 $79,367,718 $849,517
2022 $4,364,950 $4,624,927 $76,243,903 $-259,977
2021 $4,243,163 $3,926,318 $83,635,410 $316,845
2020 $4,767,988 $3,936,704 $79,803,454 $831,284
2019 $17,658,476 $4,369,586 $77,114,776 $13,288,890
2018 $4,174,285 $3,932,607 $61,284,471 $241,678
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