2021-01-14T13:56:58-06:00 2020-06-30 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2019-07-01 560529944 DISCOVERY PLACE INC DISC 7043481964 301 NORTH TRYON STREET CHARLOTTE NC 28202 CATHERINE WILSON HORNE CEO 7043481964 2021-01-13 1 YONG ZHANG CPA P01249785 7033366400 2021-01-12 2019 2022-09-23 18:48:47Z CATHERINE WILSON HORNE 301 NORTH TRYON STREET CHARLOTTE NC 28202 11421584 0 X WWW.DISCOVERYPLACE.ORG X 1947 NC WE INSPIRE CURIOUS THINKERS TO DISCOVER THE WONDERS OF SCIENCE, TECHNOLOGY AND NATURE. 25 25 275 432 44160 32046 4132159 4246813 7596341 5204147 10833 1842 1119140 726875 12858473 10179677 0 0 0 0 8052428 7651050 30566 0 816807 6724933 5433253 14807927 13084303 -1949454 -2904626 113216963 111200822 2153354 3314373 111063609 107886449 X WE EXIST TO TRANSFORM THE WAY SCIENCE, TECHNOLOGY AND NATURE ARE EXPLORED AND LEARNED THOUGH INTERACTIVE EXHIBITS, FILMS, WORKSHOPS AND SCHOOL PROGRAMS. WE STRIVE TO INSPIRE DREAMS, RAISE ASPIRATIONS AND MOTIVATE A LIFELONG LOVE OF LEARNING. 0 0 6208038 2935401 EDUCATIONAL PROGRAMS, MUSEUM EXPERIENCES AND EXHIBITS: DISCOVERY PLACE, INC. OPERATES FOUR MUSEUMS THAT SERVED OVER 512,000 GUESTS IN FY20, INCLUDING NEARLY 43,000 THROUGH AN ECONOMIC ACCESSIBILITY PROGRAM. (AS THE MUSEUMS CEASED IN-PERSON VISITATION ON MARCH 13, 2020 DUE TO COVID19, ATTENDANCE YEAR OVER YEAR DECREASED BY APPROXIMATELY 250,000 PEOPLE AND DISCOVERY PLACE PIVOTED TO DIGITAL EXPERIENCES). IN MARCH, ALL COMMUNITY-BASED PROGRAMS (WHICH PRIMARILY SERVE LOW-INCOME YOUTH, SENIORS, AND TITLE 1 SCHOOLS) THAT PROVIDE WORKFORCE DEVELOPMENT OPPORTUNITIES AND HIGH QUALITY STEM EDUCATION, PIVOTED TO AN ONLINE PLATFORM THAT INCLUDE LIVE, REMOTE PROGRAMMING AS WELL AS ON-DEMAND FREE EXPERIENCES. BEFORE AND DURING COVID19, SIGNIFICANT PROGRESS CONTINUED TO BE MADE ON A CAPITAL FACILITIES PROJECT FOR DISCOVERY PLACE NATURE, AND WE RECOGNIZED RESTRICTED CONTRIBUTION REVENUE RELATED TO THE FUTURE CONSTRUCTION OF THE MUSEUM. 2273279 953882 WORKSHOPS/FIELD TRIPS/CLASSES/OUTREACH/CAMPS: DISCOVERY PLACE, INC. PROVIDED STEM EDUCATION PROGRAMS FOR CHILDREN AND YOUTH INCLUDING 497 WORKSHOPS AND CLASSES, 1,017 FIELD TRIPS, 519 OUTREACH PROGRAMS, AND 106 CAMPS DURING THE YEAR. OUTREACH PROGRAMS SERVE SCHOOLS, AFTERSCHOOL GROUPS, HOMESCHOOL GROUPS, AND COMMUNITIES, INCLUDING THOSE THAT ARE UNDERSERVED. THROUGH THIS DIVERSE PROGRAMMING WE BUILD BOTH COGNITIVE AND SOCIAL-EMOTIONAL SKILLS THAT SUPPORT LEARNING, COMMUNITY CONNECTEDNESS, AND FUTURE ASPIRATIONS. DISCOVERY PLACE SUPPORTED THE EDUCATION COMMUNITY BY PROVIDING 466 TEACHERS AND EDUCATORS WITH PROFESSIONAL DEVELOPMENT IN STEM. DUE TO COVID19, MANY PROGRAMS WERE ADAPTED TO DIGITAL AND SUMMER CAMPS WHERE HELD IN-PERSON WITH INCREASED SAFETY PROTOCOLS AT THREE OF THE FOUR MUSEUMS. 3604 57625 EDUCATIONAL MERCHANDISE RELATED TO THE MUSEUM'S EXEMPT PURPOSE IS OFFERED FOR SALE TO MUSEUM VISITORS AS AN EXTENSION OF THE LEARNING EXPERIENCE PROVIDED BY THE MUSEUM. 1237344 MEMBERSHIP 1505490 606710 MISCELLANEOUS 1505490 1844054 9990411 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 69 0 1 275 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC SC X X CATHERINE W HORNE 7043481964 301 NORTH TRYON STREET CHARLOTTE NC 28202 X MARTY FOLEY CHAIRMAN 4.00 X X 0 0 0 LUTHER LOCKWOOD VICE CHAIRMAN FOR GOVERNANCE 4.00 X X 0 0 0 LAURA BOWLES TREASURER/VICE CHAIRMAN FOR INTERNAL AFFAIRS 4.00 X X 0 0 0 JENNIFER MCCONNELL SECRETARY 4.00 X X 0 0 0 PAUL CAMUTI VICE CHAIRMAN FOR EXTERNAL AFFAIRS 4.00 X X 0 0 0 ADITYA BHASIN TRUSTEE 3.00 X 0 0 0 ALFRED DAWSON TRUSTEE 3.00 X 0 0 0 JOAN LORDEN TRUSTEE 3.00 X 0 0 0 BRYAN DELANEY TRUSTEE 3.00 X 0 0 0 DOUGLAS ESAMANN TRUSTEE 3.00 X 0 0 0 FRANK CHATMAN TRUSTEE 3.00 X 0 0 0 FRED DUMAS TRUSTEE 3.00 X 0 0 0 JAMIE MCLAWHORN TRUSTEE 3.00 X 0 0 0 BRIAN LEARY TRUSTEE 3.00 X 0 0 0 CHARLIE MORRIS TRUSTEE 3.00 X 0 0 0 JOCLYN BALANDA TRUSTEE 3.00 X 0 0 0 JOSE COSTA TRUSTEE 3.00 X 0 0 0 JUSTIN HARLOW TRUSTEE 3.00 X 0 0 0 KERRI MAST TRUSTEE 3.00 X 0 0 0 LEE FITE TRUSTEE 3.00 X 0 0 0 MELISSA BODFORD TRUSTEE 3.00 X 0 0 0 JIM DUNN TRUSTEE 3.00 X 0 0 0 TOM ZWENG MD TRUSTEE 3.00 X 0 0 0 LINDSAY MCCULLOUGH TRUESTEE 3.00 X 0 0 0 TROY TOZZI TRUSTEE 3.00 X 0 0 0 WALTER PRICE TRUSTEE 3.00 X 0 0 0 NAZY WEEKS TRUSTEE 3.00 X 0 0 0 RICH CAMPBELL TRUSTEE 3.00 X 0 0 0 CATHERINE WILSON HORNE PRESIDENT & CEO 50.00 X 368945 0 41093 SARAH B LANE CHIEF ADVANCEMENT OFFICER 50.00 X 159971 0 28102 DEANNA DYCUS CHIEF FINANCIAL OFFICER THROUGH 5/31/19 50.00 X 109761 0 6633 ANNE IBEKWE CHIEF FINANCIAL OFFICER 50.00 X 0 0 0 JOAN PHILIPP CHIEF OPERATING OFFICER THROUGH 12/31/19 50.00 X 113643 0 23745 MICHAEL KEATING CHIEF OPERATING OFFICER 50.00 X 120398 0 22329 DEBRA SMUL CHIEF MARKETING OFFICER 50.00 X 137691 0 14061 ERVIN GOURDINE CHIEF TALENT OFFICER 50.00 X 122970 0 18834 TIFFERNEY M WHITE CHIEF LEARNING OFFICER 50.00 X 174780 0 23466 COURTNEY HURD PROGRAM DIRECTOR 40.00 X 109831 0 3327 1417990 0 181590 8 0 1 0 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 28289 JANITORIAL 404677 HANDS ON STUDIO LLC 6230 3RD STREET SOUTH ST PETERSBURG FL 33705 MARKETING 290894 CAPACITY INTERACTIVE CONSULTING 1239 BROADWAY SUITE 1103 NEW YORK NY 10001 DIGITAL MEDIA 265365 AMERICAN MUSEUM OF NATURAL HISTORY CENTRAL PARK WEST AT 79TH STREET NEW YORK NY 10024 EXHIBIT PROVIDER 250914 IMAX CORPORATION 2525 SPEAKMAN DRIVE MISSISSAUGA ONTARIO CA L5K 1B1 EXHIBIT PROVIDER 136600 7 60083 903558 3283172 25720 4246813 ADMISSIONS/WORKSHOPS 713990 3889283 3889283 MEMBERSHIP FEES 713990 1237344 1237344 MISCELLANEOUS PROGRAM REVENUE 900099 77520 77520 5204147 1416 1416 95900 0 95900 95900 95900 1015945 1013520 1999 2425 -1999 426 426 122717 60083 122717 0 161296 103671 57625 57625 PARKING REVENUE 532000 573350 529190 44160 573350 10179677 5790962 44160 97742 1486420 487384 810963 188073 5107461 3888477 752660 466324 153923 117521 25490 10912 460761 343883 90065 26813 442485 332310 67059 43116 17660 17660 60297 60297 3404 3404 928240 782909 145331 518614 479322 32977 6315 448668 320474 90656 37538 120693 120693 550778 548650 2128 71257 33162 35140 2955 1359099 1305859 53240 132094 110199 21895 EXHIBIT/MUSEUM PROGRAMS 786086 755788 30298 MISC 281555 239404 42151 REPAIRS & MAINTENANCE 116892 91328 25564 PRINTING & PUBLICATIONS 37916 33048 405 4463 13084303 9990411 2277085 816807 279429 816247 797318 697182 3294944 3105694 163926 195423 16052 23128 666022 615044 46155100 34329727 12602193 11825373 394891 395334 8329293 7407365 300000 300000 86372895 85820032 113216963 111200822 1510763 1369694 642591 1944679 2153354 3314373 X 18758453 15613760 92305156 92272689 111063609 107886449 113216963 111200822 X -2904626 95439 -887455 519482 X 0 1 X 1 0 X 3660686 5199844 12603973 4132159 4246813 29843475 2942350 2846108 2805263 2844691 2809030 14247442 6603036 8045952 15409236 6976850 7055843 44090917 6222198 37868719 165086 94511 104019 114476 97316 575408 36120 33609 27261 37013 33046 167049 682657 714894 773001 789223 651907 3611682 48445056 34564939 0.78170 0.77730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING AND EXHIBIT RENTALS - 2015 AMOUNT: $ 682,657. 2016 AMOUNT: $ 692,944. 2017 AMOUNT: $ 732,236. 2018 AMOUNT: $ 739,573. 2019 AMOUNT: $ 529,190. FUNDRAISING EVENTS GROSS - 2016 AMOUNT: $ 21,950. 2017 AMOUNT: $ 40,765. 2018 AMOUNT: $ 49,650. 2019 AMOUNT: $ 122,717. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 5364429 40267 233033 5171663 5285779 168867 142816 233033 5364429 5230057 282443 226721 5285779 4914911 525421 210275 5230057 4100824 926616 -112529 4914911 0.01540 0.87140 0.11320 0 0 8410847 1965065 6445782 7824301 5355549 2468752 4199526 3815324 384202 25720426 23193789 2526637 11825373 EQUITY AND FIXED INCOME INSTRUMENTS 7407365 F 7407365 BENEFICIAL INTERESTS 23391114 DEFERRED COMMITMENT FROM CITY OF CHARLOTTE 55097844 LIFE INSURANCE POLICY CONTRIBUTION 23493 DEFERRED COMMITMENT FROM TOWN OF HUNTERSVILLE 6983490 DEFERRED COMMITMENT FROM TOWN OF ROCKINGHAM 324091 85820032 X 13849777 95439 2832195 519482 3447116 10402661 3404 -226388 -222984 10179677 17026937 3719650 226388 3946038 13080899 3404 3404 13084303 PART III, LINE 1A: DONATED COLLECTIONS RECEIVED SINCE DISCOVERY PLACE'S INCEPTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PART III, LINE 4: COLLECTION OF NATURAL HISTORY OBJECTS WHICH INCLUDE ROCKS AND MINERALS, SHELLS, FOSSILS, AND TAXIDERMY OBJECTS USED IN PUBLIC EXHIBITIONS IN THE MUSEUM AND FOR REFERENCE MATERIALS IN EDUCATION PROGRAMS CONDUCTED BY THE MUSEUM. PART V, LINE 4: THE INTENDED PURPOSE OF THE ENDOWMENTS IS TO SUPPORT THE OPERATIONS OF THE MUSEUM. ANY DISBURSEMENTS RECEIVED FROM THE ENDOWMENTS ARE USED TO SUBSIDIZE OPERATING EXPENSES. PART X, LINE 2: DISCOVERY PLACE IS EXEMPT FROM INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED DISCOVERY PLACE'S TAX POSITIONS AND CONCLUDED THAT DISCOVERY PLACE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST -500,713. CHANGE IN SPENDABLE INCOME 1,020,195. PART XI, LINE 4B - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD -103,671. FUNDRAISING EVENT EXPENSES -122,717. PART XII, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD 103,671. FUNDRAISING EVENT EXPENSES 122,717. FORM 990, SCHEDULE D, PART XII, LINE 2B AND SCHEDULE D, PART XIII, LINE 2A DISCOVERY PLACE, INC. ENTERED INTO A NON-CANCELABLE OPERATING LEASE AGREEMENT WITH THE CITY OF CHARLOTTE FOR THE DISCOVERY PLACE BUILDINGS, INCLUDING THE MAIN BUILDING, THE OMNIMAX DOME THEATER, THE PARKING DECK AND THE ANNEX BUILDING. DISCOVERY PLACE, INC. PAYS $1 ANNUALLY FOR THE LEASE, WHICH INCLUDES STRUCTURAL REPAIRS. DISCOVERY PLACE, INC. HAS RECOGNIZED THE PRESENT VALUE OF THE BUILDING RENTAL AND SERVICES PROVIDED BY THE LEASE AGREEMENT AS A TEMPORARILY RESTRICTED NET ASSET. THE PRESENT VALUE OF THE CONTRIBUTION IS BEING AMORTIZED OVER THE 50 YEAR LEASE TERM DUE TO THE FACT THAT IT IS PROBABLE THAT THE LEASE WILL BE RENEWED. DISCOVERY PLACE, INC. ENTERED INTO NON-CANCELABLE OPERATING LEASE AGREEMENTS WITH THE CITY OF ROCKINGHAM FOR THE DISCOVERY PLACE KIDS ROCKINGHAM MUSEUM AND WITH THE TOWN OF HUNTERSVILLE FOR THE DISCOVERY PLACE KIDS MUSEUM. DISCOVERY PLACE PAYS $1 ANNUALLY FOR EACH LEASE, WHICH INCLUDES UTILITIES AND STRUCTURAL REPAIRS. DISCOVERY PLACE, INC. HAS RECOGNIZED THE PRESENT VALUE OF THE BUILDING RENTAL AND SERVICES PROVIDED BY THE LEASE AGREEMENTS AS A TEMPORARILY RESTRICTED NET ASSET. THE PRESENT VALUE OF THE CONTRIBUTION FOR ROCKINGHAM IS BEING AMORTIZED OVER THE 10 YEAR INITIAL LEASE TERM DUE TO THE FACT THAT THE LEASE RENEWAL IS BASED ON SPECIFIC ATTENDANCE AND OPERATING CRITERIA WHICH THE PROBABILITY OF MEETING CANNOT BE DETERMINED. THE PRESENT VALUE OF THE CONTRIBUTION FOR HUNTERSVILLE IS BASED ON 30 YEARS DUE TO THE FACT THAT IT IS PROBABLE THAT THE LEASE WILL BE RENEWED. THE ENTIRE DEFERRED COMMITMENT OF THESE LEASES IS BEING ADJUSTED FOR ON SCHEDULE D OF THE 990 AS A GIFT IN KIND OF DONATED SERVICES AND USE OF FACILITIES. GALA 182800 60083 122717 4714 45611 41702 15121 15569 182800 60083 122717 4714 45611 41702 15121 15569 122717 0 X X X X 0 0 0 0 0 0 0 0 0 CATHERINE WILSON HORNE PRESIDENT & CEO 367840 0 1105 0 0 0 34495 0 6598 0 410038 0 0 0 SARAH B LANE CHIEF ADVANCEMENT OFFICER 159971 0 0 0 0 0 16583 0 11519 0 188073 0 0 0 DEBRA SMUL CHIEF MARKETING OFFICER 137691 0 0 0 0 0 13243 0 818 0 151752 0 0 0 TIFFERNEY M WHITE CHIEF LEARNING OFFICER 174780 0 0 0 0 0 16898 0 6568 0 198246 0 0 0 X 4 8233 SALES PRICE X SUPPLIES 4 17487 DONOR PROVIDED 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REFLECTS THE NUMBER OF DONORS. FORM 990, PART I, LINE 6 DISCOVERY PLACE HAD 432 VOLUNTEERS WHICH COMPRISES OF ADUT AND TEENS. THEY PROVIDED ROUGHLY 15,534 HOURS OF SERVICE DURING THE YEAR. THESE VOLUNTEERS ARE VITAL TO THE ORGANIZATION'S SUCCESS THEY PROVIDE SERVICES THROUGHOUT THE ORGANIZATION. VOLUNTEERS HELP FEED AND CARE FOR THE ANIMALS; SUPERVISE AND SUPPORT SUMMER CAMPS; PERFORM LIVE PROGRAMS AND SCIENCE DEMOSTRATIONS; ASSIST IN LABS; AND ENGAGE WITH VISITORS THROUGHOUT THE MUSEUMS. FORM 990, PART VI, SECTION B, LINE 11B IT IS DISCOVERY PLACE'S POLICY THAT DISCOVERY PLACE'S EXTERNAL AUDITOR, A CERTIFIED CPA FIRM, PREPARES THE ORGANIZATION'S IRS FORM 990. ONCE PREPARED, THE IRS FORM 990 WILL BE REVIEWED BY DISCOVERY PLACE'S CHIEF FINANCIAL OFFICER, AND PRESIDENT AND CHIEF EXECUTIVE OFFICER. ONCE REVIEWED BY STAFF, THE IRS FORM 990 WILL BE REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES WILL RECEIVE A COPY OF THE IRS FORM 990 IN HARD COPY OR EMAIL (DELIVERED TO EACH TRUSTEE'S REGISTERED MAILING OR EMAIL ADDRESS) NO LESS THAN 5 DAYS PRIOR TO THE BOARD OF TRUSTEES MEETING WHEN THE 990 BOARD RESOLUTION WILL OCCUR. THE BOARD OF TRUSTEES WILL REVIEW THE IRS FORM 990 THAT IS FILED ON THE ORGANIZATION'S BEHALF BEFORE IT IS FILED WITH THE IRS. A BOARD RESOLUTION IS REQUIRED IN ORDER FOR THE IRS FORM 990 TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY (BY RE-SIGNING THE CONFLICT OF INTEREST AGREEMENT) ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ALL OFFICERS, DIRECTORS, TRUSTEES AND EMPLOYEES ARE ENCOURAGED TO REPORT ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS THROUGHOUT THE YEAR. EMPLOYEES RECEIVE PERIODIC TRAINING ON THE DEFINITION OF CONFLICT OF INTEREST. ANY NEW BUSINESS RELATIONSHIPS THAT MAY GIVE RISE TO CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION: THE CHAIRMAN OF THE BOARD AND THE EXECUTIVE COMMITTEE DETERMINES AND APPROVES THE CEO'S COMPENSATION THROUGH THE FOLLOWING PROCESS: A FORMAL EVALUATION/REVIEW OF THE CEO'S PERFORMANCE. REVIEW BENCHMARKING DATA FROM LIKE ORGANIZATIONS. TAKES INTO CONSIDERATION THE STATE OF THE DISCOVERY PLACE'S FINANCIAL POSITION. KEY EMPLOYEES' COMPENSATION: KEY EMPLOYEES ARE TREATED LIKE ANY OTHER EMPLOYEE AT DISCOVERY PLACE. THEY ARE EVALUATED BY THEIR SUPERVISOR (THE CEO) AND THE RATING OF THE EVALUATION IS USED TO DETERMINE THEIR PAY INCREASE BASED ON THE SAME RATING AND PAY RATE SCALE USED FOR ALL DISCOVERY PLACE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE PERIOD OF TIME SET FORTH IN SECTION 6104(D). THE REQUEST CAN BE FULFILLED BY PROVIDING A COPY OF SAID DOCUMENTS OR ALLOWING INSPECTION AT THE ORGANIZATION'S OFFICE. ADDITIONALLY, THE MOST RECENT ANNUAL REPORT INCLUDING FINANCIAL INFORMATION IS AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VII, SECTION A, COLUMN F THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND IS NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE'S PROCESS OF EVALUATION HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST: -500,713. CHANGE IN SPENDABLE INCOME FROM BENEFICIAL INTERESTS: 1,020,195.