MUSEUM OF DISCOVERY

EIN: 710391707 501(c)(3) Arts, Culture & Humanities

LITTLE ROCK, AR

Total Revenue
$3,320,596
Total Expenses
$3,722,835
Total Assets
$15,580,833
Net Assets
$12,042,751
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
AR
Principal Officer
LISA PADEN
Phone
5013967050
Tax Period
2023-01-01 to 2023-12-31

MUSEUM OF DISCOVERY, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO IGNITE AND FUEL A PASSION FOR SCIENCE, TECHNOLOGY, ARTS AND MATH THROUGH DYNAMIC INTERACTIVE EXPERIENCES.

Program Service Accomplishments

Program 1
Expenses: $2,478,291 Revenue: $1,497,722

THE MUSEUM OF DISCOVERY SERVED OVER 191,000 INDIVIDUALS IN ITS FACILITY WITH HANDS-ON EXHIBITS AND ON SITE PROGRAMMING IN 2023. THE MUSEUM PROVIDED UNIQUE IN-HOUSE EDUCATIONAL PROGRAMS FOR STUDENTS...

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THE MUSEUM OF DISCOVERY SERVED OVER 191,000 INDIVIDUALS IN ITS FACILITY WITH HANDS-ON EXHIBITS AND ON SITE PROGRAMMING IN 2023. THE MUSEUM PROVIDED UNIQUE IN-HOUSE EDUCATIONAL PROGRAMS FOR STUDENTS FROM 46 OF THE 75 ARKANSAS COUNTIES AND FROM 2 OTHER STATES.

Program 2
Expenses: $176,179 Revenue: $267,119

IN 2023, THE MUSEUM SERVED APPROXIMATELY 51,000 STUDENTS IN THE STATE WITH EDUCATION PROGRAMS.

Program 3
Expenses: $78,634 Revenue: $56,908

THE ARKANSAS DISCOVERY NETWORK IS A PROGRAM OF THE MUSEUM OF DISCOVERY. THE NETWORK IS A CONSORTIUM OF LIBRARIES AND SCHOOLS, WHICH ARE LOCATED IN MULTIPLE SITES ACROSS THE STATE OF ARKANSAS AND ARE...

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THE ARKANSAS DISCOVERY NETWORK IS A PROGRAM OF THE MUSEUM OF DISCOVERY. THE NETWORK IS A CONSORTIUM OF LIBRARIES AND SCHOOLS, WHICH ARE LOCATED IN MULTIPLE SITES ACROSS THE STATE OF ARKANSAS AND ARE DEDICATED TO SERVING CHILDREN AND THEIR FAMILIES, ESPECIALLY IN RURAL AREAS WITH HIGH QUALITY EDUCATIONAL EXHIBITS, PROGRAMMING AND PROFESSIONAL DEVELOPMENT. BY PARTICIPATING IN THE NETWORK, THE PARTNER LOCATIONS ARE STRENGTHENED TO BETTER SERVE THEIR COMMUNITIES THROUGH PROFESSIONAL DEVELOPMENT AND COLLABORATION WITH PEERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,378,953
Program Service Revenue $1,724,207
Investment Income $145,677
Other Revenue $71,759
TOTAL REVENUE $3,320,596

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,163,949
Fundraising Expenses $438,475
Program Expenses $2,733,104
Other Expenses $1,558,886
TOTAL EXPENSES $3,722,835

Year-over-Year Comparison

2023 2022 Change
Revenue $3,320,596 $4,977,495 -0.3%
Expenses $3,722,835 $3,299,875 +0.1%
Net Income $-402,239 $1,677,620 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
29
Independent Members
29
Employees
72
Volunteers
586

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
7
$251,468
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WADE RADKE CHAIR 1.00
Officer Director
$0 $0 $0
MELISSA BANDY INCOMING CHAIR 1.00
Officer Director
$0 $0 $0
BOB CHILDRESS TREASURER 1.00
Officer Director
$0 $0 $0
LISA RICHARDSON SECRETARY 1.00
Officer Director
$0 $0 $0
JIM HAZLEWOOD BOARD MEMBER 1.00
Director
$0 $0 $0
NEILL LINEBARIER BOARD MEMBER 1.00
Director
$0 $0 $0
DR BISHAWN MORRIS BOARD MEMBER 1.00
Director
$0 $0 $0
MEGAN EVES BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL CONSIDINE BOARD MEMBER 1.00
Director
$0 $0 $0
ANNICE STEADMAN BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY KOLB BOARD MEMBER 1.00
Director
$0 $0 $0
MARILYN WOESSNER BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER BALLARD BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD MCBRIDE BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL ROBINSON BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG SHACKELFORD BOARD MEMBER 1.00
Director
$0 $0 $0
JORDAN CULVER BOARD MEMBER 1.00
Director
$0 $0 $0
SIDNEY LEASURE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL NAUMAN BOARD MEMBER 1.00
Director
$0 $0 $0
CHAD JAMESON BOARD MEMBER 1.00
Director
$0 $0 $0
SHAMIM OKOLLOH BOARD MEMBER 1.00
Director
$0 $0 $0
GERT CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN BURGESS BOARD MEMBER 1.00
Director
$0 $0 $0
CASSANDRA TUCKER BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF HILDEBRAND BOARD MEMBER 1.00
Director
$0 $0 $0
MARIE KNOX BOARD MEMBER 1.00
Director
$0 $0 $0
NAN SELZ BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID LESIEUR BOARD MEMBER 1.00
Director
$0 $0 $0
TAMI BEAN BOARD MEMBER 1.00
Director
$0 $0 $0
KELLEY BASS CHIEF EXECUTIVE OFFICER 40.00
Officer
$138,600 $10,253 $148,853
JON DOR PAST CHIEF FINANCIAL OFFICER 40.00
Officer
$83,800 $5,353 $89,153
LISA PADEN CHIEF FINANCIAL OFFICER 40.00
Officer
$13,462 $0 $13,462
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 $3,320,596 $3,722,835 $15,580,833 $-402,239
2022 $4,977,495 $3,299,875 $15,862,797 $1,677,620
2021 $7,522,016 $3,186,401 $11,251,257 $4,335,615
2020 $2,170,141 $2,944,734 $6,595,819 $-774,593
2019 $2,875,972 $3,388,428 $7,522,941 $-512,456
2018 $2,645,739 $3,521,542 $7,782,048 $-875,803
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