2018-01-25T12:17:47-06:00 2017-06-30 560574444 CHERRY BEKAERT LLP 3310 West End Avenue Suite 550 Nashville TN 37203 990 2016-07-01 620479192 Adventure Science Center - Nashville F/K/A Cumberland Museums ADVE 6158625160 800 Fort Negley Boulevard Nashville TN 37203 Steve Hinkley CEO 6158625160 2018-01-22 1 Sara G Moon P00034774 6153836592 207.201.223.148 2018-01-22 18:02:14 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 681165C3F411A5C91A132F4457263660CFEA6D09 2016 2021-01-29 14:40:06Z Steve Hinkley 800 Fort Negley Boulevard Nashville TN 37203 8197330 0 X WWW.ADVENTURESCI.ORG X 1944 TN ADVENTURE SCIENCE CENTER IGNITES CURIOSITY AND INSPIRES THE LIFELONG DISCOVERY OF SCIENCE. 35 35 115 684 0 0 2156161 1656325 2867141 3081832 39393 312215 373431 466195 5436126 5516567 0 0 0 0 2207498 2658832 0 0 560230 2734021 3280063 4941519 5938895 494607 -422328 20089287 19789932 1687122 2185483 18402165 17604449 To open every mind to the wonders of science and technology, fostering a better understanding of ourselves and the world around us. 0 0 3243528 1750434 EXHIBITIONS: ADVENTURE SCIENCE CENTER (ASC) HAS A COMPREHENSIVE SCIENCE EXHIBITION PROGRAM THAT INCLUDES A VARIETY OF PERMANENT EXHIBITIONS AS WELL AS 3 TO 4 NEW TRAVELING EXHIBITIONS LEASED ANNUALLY FROM PROMINENT PRODUCTION COMPANIES, SCIENCE CENTERS AND MUSEUMS. ALL EXHIBITIONS INCLUDE CONTENT AND HANDS-ON COMPONENTS that deliver AND ENCOURAGe SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) LEARNING. THESE EXHIBITIONS ARE DESIGNED TO STIMULATE IMAGINATIONS THROUGH ENGAGING ACTIVITIES AND INTERACTIONS. THEY ARE PRESENTED USING A VARIETY OF MEDIA, TECHNOLOGY, AND ARTIFACTS. PERMANENT EXHIBITION GALLERIES MAINTAINED BY THE CENTER INCLUDE SPACE CHASE (TEST BED, WONDERS OF THE UNIVERSE, SOLAR SYSTEM SURVEY), BODY QUEST, DESTINATION EXPLORATION (PRE-SCHOOL FOCUS) AND ADVENTURE TOWER. 741378 646823 General Operations: During 2016/17, the Science Center reached more than 346,000 people through onsite visitations; in-school and out-of-school STEM programming for students; professional development for teachers; and community programs. Open 362 days a year, the Science Center delivered innovative science learning and experiences to an audience of diverse ages, socio-economic backgrounds, nationalities, and levels of educational preparedness. ASC served students from across the U.S. utilizing interactive exhibitions, field trip programs, science demonstrations, hands-on learning labs, online learning programs, planetarium shows, and outreach programs designed to adhere to state and national educational standards. 648705 506981 PLANETARIUM: With an ever-changing lineup of shows, the state-of-the-art Sudekum Planetarium presents exciting full-dome educational PRODUCTIONS and documentaries produced internally and leased from outside vendors. IN CONJUNCTION WITH THE MUSIC CITY ECLIPSE IN AUGUST, ASC PRODUCED ITS OWN SHOW, ECLIPSE: THE SUN REVEALED, WHICH WAS LEASED TO SEVERAL OTHER PLANETARIA IN ADDITION TO BEING SHOWN AT THE SUDEKUM. OTHER Offerings this year included Stars, Great White Shark, Skies Over Nashville, Habitat Earth and Polaris in addition to a wide array of laser shows. More than 23,000 school children and 79,000 general public guests participated in planetarium-based programming. 4633611 1 1 0 1 0 0 0 0 0 1 1 0 0 0 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 72 0 1 115 1 0 0 0 0 0 1 1 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X X Karen Musacchio 6154015056 800 FORT NEGLEY BOULEVARD NASHVILLE TN 37203 Louise ALEXANDER Trustee 1.00 X 0 0 0 ROB BARRICK Trustee 1.00 X 0 0 0 RONALD L CORBIN Trustee 1.00 X 0 0 0 EILY CARELL NICHOLSON Trustee 1.00 X 0 0 0 GERALD F GORMAN Immediate Past Chair 1.00 X X 0 0 0 A ALEX JAHANGIR Trustee 1.00 X 0 0 0 MATTHEW H KISBER Trustee 1.00 X 0 0 0 DAVID C MCGOWAN JR Trustee 1.00 X 0 0 0 DIVYA SHROFF Trustee 1.00 X 0 0 0 BUTCH SPYRIDON Trustee 1.00 X 0 0 0 AMIN FERDOWSI Trustee 1.00 X 0 0 0 MARC K STENGEL Trustee 1.00 X 0 0 0 CLINT SMITH Trustee 1.00 X 0 0 0 MARK FIORAVANTI Trustee 1.00 X 0 0 0 LESLIE A WISNER-LYNCH Trustee 1.00 X 0 0 0 JACK WOOD Trustee 1.00 X 0 0 0 UZI YEMIN Trustee 1.00 X 0 0 0 ANNE DAVIS Trustee 1.00 X 0 0 0 JOHN GAWALUCK TRUSTEe 1.00 X 0 0 0 DEVAN D ARD JR Trustee 1.00 X 0 0 0 ALLEN K OAKLEY Treasurer 1.00 X X 0 0 0 J THOMAS TRENT JR Chair 1.00 X X 0 0 0 KAY SIMMONS Trustee 1.00 X 0 0 0 SPENCER SESSIONS Trustee 1.00 X 0 0 0 Tim Hartnett Trustee 1.00 X 0 0 0 Paul Kleine-Kracht Trustee 1.00 X 0 0 0 Jennifer J Lacey Trustee 1.00 X 0 0 0 Jonathan M Skeeters Secretary 1.00 X X 0 0 0 Sandra S Vance Trustee 1.00 X 0 0 0 Shawn Glinter Trustee 1.00 X 0 0 0 Kelly Mayes Trustee 1.00 X 0 0 0 Rankin McGugin Trustee 1.00 X 0 0 0 Brent Blane Trustee 1.00 X 0 0 0 Jack Fisher Trustee 1.00 X 0 0 0 Ted Klee Trustee 1.00 X 0 0 0 Jay Formosa Trustee 1.00 X 0 0 0 SUSAN DUVENHAGE President & CEO 50.00 X 200509 0 5007 Christine K Brown Interim President & CEO 50.00 X 98992 0 8559 Susan A Hosbach Chief Development Officer 40.00 X 117573 0 1465 417074 0 15031 2 0 1 0 Milek Media LLC 2021 21st Ave S Nashville TN 37212 Advertising Services 354109 The Parent Company Inc 241 Wilson Pike Cir Brentwood TN 37027 Construction Services 197878 Boss Display 1975 GALAXIE STREET Columbus OH 43207 Construction Services 128400 3 435053 1221272 32896 1656325 GENERAL ADMISSIONS 900099 2230695 2230695 PROGRAM FEES 900099 730052 730052 PLANETARIUM SHOW SALES 900099 121085 121085 3081832 55651 55651 18695 18695 0 2675961 2408449 10948 267512 -10948 256564 256564 267564 59369 208195 208195 400892 183302 217590 217590 MISCELLANEOUS 900099 23397 23397 VENDING 900099 17013 17013 40410 5516567 3299422 0 560820 287451 107545 99474 80432 1985700 1509834 235896 239970 30033 21345 4370 4318 191356 135999 27843 27514 164292 116764 23905 23623 40400 40400 11901 8152 2072 1677 22286 22286 247056 79444 129048 38564 406724 406107 617 178784 83350 17420 78014 399361 399005 356 10276 8016 2260 13957 8661 1659 3637 40426 40426 946524 946524 76418 29330 41279 5809 EXHIBITS & PROGRAMS 561332 542342 14045 4945 equipment costs-mainten 140902 84695 22245 33962 MISCELLANEOUS 131232 90709 32096 8427 bad debt expense 27200 27200 25284 15363 3816 6105 5938895 4633611 745054 560230 1678429 888840 691735 607287 318363 167160 57449 91871 42019 86679 171801 545141 30438327 16094009 14344268 14344318 1933232 2172960 232243 189319 619748 696357 20089287 19789932 406179 492785 131427 563957 1149516 1128741 1687122 2185483 X 16818001 16229688 1584164 1374761 18402165 17604449 20089287 19789932 X -422328 -53138 -322250 0 X 0 1 X 1 0 X 1181864 1513335 1776409 2156161 1656325 8284094 1181864 1513335 1776409 2156161 1656325 8284094 8284094 48502 48272 48972 53419 55651 254816 34590 38630 31387 43498 40410 188515 8727425 15585585 0.94920 0.91870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 11901 0 0 11901 0 Part II-B, Line 1: ADVENTURE SCIENCE CENTER-NASHVILLE IS PART OF THE SCIENCE ALLIANCE OF TN, A CONSORTIUM OF 6 CENTERS THROUGHOUT THE STATE. THE SCIENCE ALLIANCE ENGAGES A LOBBYIST ON BEHALF OF THE GROUP. 1 1989190 1947 167840 2158977 1986615 8708 6133 1989190 1834766 250000 41849 140000 1986615 1712143 9570 216053 103000 1834766 1570603 141540 1712143 0.87460 0.12540 0 0 18253015 7061788 11191227 12130740 9032221 3098519 54572 54572 14344318 X 5703585 -53138 1076 261366 209304 5494281 22286 22286 5516567 6179051 1076 261366 262442 5916609 22286 22286 5938895 Part V, Line 4: BOARD DESIGNATED ENDOWMENT TO SUPPORT SCIENCE CENTER OPERATIONS AND HOLD AN ENDOWMENT FOR SCIENCE CAMP SCHOLARSHIPS. Part X, Line 2: The Center is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, federal income taxes have not been recorded in the accompanying financial statements. The Center follows guidance that clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. The Center has no tax penalties or interest reported in the accompanying financial statements. The Center had no uncertain tax positions at June 30, 2017 and 2016. Part XI, Line 2d - Other Adjustments: COST OF GOODS SOLD 183,302. EXPENSE REIMBURSEMENT 18,695. SPECIAL EVENT EXPENSE 59,369. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 183,302. EXPENSE REIMBURSEMENT 18,695. SPECIAL EVENT EXPENSE 59,369. MAD Bash 125355 125355 5154 23875 2645 9569 Science of Beer 39354 39354 50 3592 4 102855 102855 4404 10080 267564 267564 5204 28279 2645 23241 59369 208195 X X 1 0 0 0 0 0 0 0 0 SUSAN DUVENHAGE President & CEO 119483 0 0 0 81026 0 0 0 5007 0 205516 0 0 0 Sch J, Part II, Column (B)(iii) The amount represented for Susan Duvenhage in column (b)(iii) is a severence payment of $81,026. X 1 9000 FMV X Supplies 9 19732 FMV X COMPUTER EQUIP 1 4164 FMV 0 0 0 Form 990, Part VI, Section B, line 11b LINE 11A EXPLANATION - The Form 990 is first reviewed by Adventure Science Center (ASC) Management, then reviewed and approved by the finance committe. a copy is then distributed to the full board for approval prior to filing with the IRS. Form 990, Part VI, Section B, line 12c A conflict of interest policy is provided to and signed by each new board member. Annually, when the 990 is disseminated to all board members for review, a copy of the policy is sent to members asking them to review. As a matter of practice, the ASC board is very conscientious of maintaining high ethical standards and avoiding any conflicts of interest. Form 990, Part VI, Section B, line 15 THE BOARD DETERMINEs AND APPROVES THE SALARY FOR THE CEO, PERIODICALLY SEEKING OUTSIDE COMPARABILITY DATA OR PURCHASING INDUSTRY RESOURCES THAT PROVIDE COMPENSATION INFORMATION. The CEO determines the salary for key employees, periodically seeking outside consultants for salary comparability data or purchasing industry resources that provide compensation information. Form 990, Part VI, Section C, line 19 THE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ANNUAL AUDITED FINANCIAL STATEMENTS ARE PUBLISHED ON THE GIVING MATTERS WEBSITE THROUGH THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE. Form 990, Part XI, Line 8 The prior period adjustment relates to an audit adjustment due to the recalculation of deferred income.