2018-02-14T08:16:36-06:00 2017-06-30 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2016-07-01 560529944 DISCOVERY PLACE INC DISC 7043726261 301 NORTH TRYON STREET CHARLOTTE NC 28202 CATHERINE WILSON HORNE PRESIDENT & CEO 7043726261 2018-02-14 1 YONG ZHANG P01249785 3362724551 108.171.131.171 2018-02-14 09:16:23 ES P 68E3BE8F27530CB92DCBE14CB09CA2C152DDBB4C 68E3BE8F27530CB92DCBE14CB09CA2C152DDBB4C 2016 2021-01-29 14:40:06Z CATHERINE WILSON HORNE 301 NORTH TRYON STREET CHARLOTTE NC 28202 13719047 0 X WWW.DISCOVERYPLACE.ORG X 1947 NC WE INSPIRE CURIOUS THINKERS TO DISCOVER THE WONDERS OF SCIENCE, TECHNOLOGY AND NATURE. 28 28 248 622 45225 33609 2329222 5199844 8040145 6849365 77225 19215 1171356 942338 11617948 13010762 0 0 0 0 6690553 7046808 0 63000 767502 8924005 8132151 15614558 15241959 -3996610 -2231197 107556206 106845783 1505305 2007107 106050901 104838676 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 8802812 4172090 EDUCATIONAL PROGRAMS AND EXHIBITS: DISCOVERY PLACE, INC. OPERATES AN INTERACTIVE SCIENCE MUSEUM, TWO CHILDREN'S MUSEUMS AND A NATURE MUSEUM FOR THE PUBLIC. DISCOVERY PLACE, INC. SERVED OVER 734,000 GUESTS DURING THE YEAR. DISCOVERY PLACE'S WELCOME PROGRAM IS AN ACCESSIBILITY PROGRAM FOR NC AND SC FAMILIES THAT PARTICIPATE IN THE EBT OR WIC PROGRAM. WELCOME VISITORS CAN VISIT ANY OF THE DISCOVERY PLACE MUSEUMS AS OFTEN AS THEY LIKE FOR $1 PER FAMILY MEMBER. DISCOVERY PLACE, INC. SERVED NEARLY 52,000 WELCOME VISITORS DURING THE YEAR. 1458478 1195101 WORKSHOPS/FIELDTRIPS/CLASSES/OUTREACH/CAMPS: DISCOVERY PLACE, INC. PROVIDED SCIENCE BASED EDUCATIONAL PROGRAMS FOR CHILDREN AND YOUTH INCLUDING 1,167 WORKSHOPS AND CLASSES, 1,836 FIELDTRIPS, 995 OUTREACH PROGRAMS AND 101 CAMPS DURING THE YEAR. OUTREACH PROGRAMS ARE OFFERED TO SCHOOLS, AFTERSCHOOL PROGRAMS, HOME SCHOOL GROUPS, AND COMMUNITIES, INCLUDING AT-RISK COMMUNITIES. OUTREACH PROGRAMS PROMOTE SCIENCE, TECHNOLOGY, ENGINEERING, MATH AND NATURE. DISCOVERY PLACE ALSO PROVIDED NEARLY 3,400 TEACHERS AND EDUCATORS WITH PROFESSIONAL DEVELOPMENT PROGRAMS IN THE AREAS OF SCIENCE, TECHNOLOGY, ENGINEERING, MATH AND NATURE DURING THE YEAR. 59246 217297 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. 212034 1371687 MEMBERSHIP 1823447 110488 MISCELLANEOUS 2035481 1482175 12356017 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 92 0 1 248 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC SC X X DEANNA DYCUS 7043726261 301 N TRYON ST CHARLOTTE NC 28202 X DIANNE CHIPPS BAILEY PAST CHAIR 4.00 X X 0 0 0 MARK MCGOLDRICK CHAIRMAN 4.00 X X 0 0 0 DR JOAN LORDEN SECRETARY 4.00 X X 0 0 0 JOCLYN BALANDA TRUSTEE 3.00 X 0 0 0 ADITYA BHASIN TRUSTEE 3.00 X 0 0 0 LAURA BOWLES TRUSTEE 3.00 X 0 0 0 RICH CAMPBELL TRUSTEE 3.00 X 0 0 0 FRANK CHATMAN TRUSTEE 3.00 X 0 0 0 LEIBERT DANIELSON TRUSTEE 3.00 X 0 0 0 ALFRED DAWSON TRUSTEE 3.00 X 0 0 0 PAT DEAN TRUSTEE 3.00 X 0 0 0 FRED DUMAS TRUSTEE 3.00 X 0 0 0 LEE FITE TRUSTEE 3.00 X 0 0 0 MARTIN FOLEY VICE CHAIRMAN 3.00 X X 0 0 0 LINDA PARKER HUDSON TRUSTEE 3.00 X 0 0 0 PATSY KINSEY TRUSTEE 3.00 X 0 0 0 GAYLE LANIER TRUSTEE 3.00 X 0 0 0 BRIAN LEARY TRUSTEE 3.00 X 0 0 0 LUTHER LOCKWOOD VICE CHAIRMAN AND TREASURER 3.00 X X 0 0 0 STUART MALTER TRUSTEE 3.00 X 0 0 0 JENNIFER MCCONNELL TRUSTEE 3.00 X 0 0 0 MICHAEL MCDERMOTT TRUSTEE 3.00 X 0 0 0 BILL MORRISSETT TRUSTEE 3.00 X 0 0 0 CHRIS PERRI TRUSTEE 3.00 X 0 0 0 WALTER PRICE TRUSTEE 3.00 X 0 0 0 ANDREA SMITH TRUSTEE 3.00 X 0 0 0 CECIL STODGHILL TRUSTEE 3.00 X 0 0 0 KRISTA TILLMAN TRUSTEE 3.00 X 0 0 0 TROY TOZZI TRUSTEE 3.00 X 0 0 0 DR TOM ZWENG TRUSTEE 3.00 X 0 0 0 CATHERINE WILSON HORNE PRESIDENT/CEO 50.00 X 288118 0 20789 DEANNA DYCUS CFO 50.00 X 135769 0 12811 SARAH BORDY LANE CAO 50.00 X 140825 0 8362 DEBRA SMUL CMO 50.00 X 102326 0 8605 667038 0 50567 4 0 1 0 ISS FACILITIES SERVICES PO BOX 991 SAN ANTONIO TX 78294 JANITORIAL 447475 BIG HOUSE MARKETING 1000 NC MUSIC FACTTORY BLVD STE C6 CHARLOTTE NC 28206 ADVERTISING 349168 SCIENCE NORTH 100 CHEMIN RAMSEY LAKE RD SUDBURY ONTARIO CA P3E 5S9 EXHIBIT PROVIDER 165150 ADAMS OUTDOOR ADVERTISING PO BOX 809140 CHICAGO IL 60680 ADVERTISING 145205 IMAX 2525 SPEAKMAN DRIVE MISSISSAUGUA ONTARIO CA L5K 1B1 MAINTENANCE ROYALTIES 134149 9 176000 1498081 3525763 112768 5199844 ADMISSIONS/WORKSHOPS 713990 5417500 5417500 MEMBERSHIP FEES 713990 1371687 1371687 MISCELLANEOUS PROGRAM REVENUE 900099 60178 60178 6849365 1421 1421 93090 0 93090 93090 93090 564218 546424 17794 17794 17794 21950 176000 128169 -106219 -106219 250990 33692 217298 217298 PARKING REVENUE 532000 738169 45225 692944 738169 13010762 7066663 45225 699030 750930 115939 478664 156327 5079011 4163801 651829 263381 199070 167471 18776 12823 557882 450839 81088 25955 459915 360831 68757 30327 19866 19866 49936 49936 63000 63000 2423 2423 1162077 834516 264048 63513 719228 680847 23872 14509 697648 536921 99909 60818 163324 163324 581800 579544 2256 237736 168004 60145 9587 3172892 3091116 81776 98308 43967 54341 EXHIBIT/MUSEUM PROGRAMS 456942 436549 12616 7777 REPAIRS & MAINTENANCE 195808 160724 34487 597 PRINTING & PUBLICATIONS 124608 93481 31127 POSTAGE, DUES, AND SUBS 80307 30058 32467 17782 369248 278085 81184 9979 15241959 12356017 2118440 767502 406035 273401 1290842 794324 558509 1207806 336686 462824 17707 20210 512800 600028 36916556 29620409 8768404 7296147 1363397 904741 5899080 7341861 300000 300000 88102746 87644441 107556206 106845783 1021382 1367103 483923 640004 1505305 2007107 X 15321847 13874470 70520296 69944134 20208758 21020072 106050901 104838676 107556206 106845783 X -2231197 561226 -1250335 1708081 X 0 1 X 1 0 X 5323096 3822943 4343538 3660686 5199844 22350107 5323096 3822943 4343538 3660686 5199844 22350107 22350107 273683 137981 578724 165086 94511 1249985 25329 35438 21358 36120 33609 151854 731878 543899 560040 682657 714894 3233368 26985314 28032542 0.82820 0.83020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING AND EXHIBIT RENTALS - 2012 AMOUNT: $ 701,506. 2013 AMOUNT: $ 477,628. 2014 AMOUNT: $ 560,040. 2015 AMOUNT: $ 682,657. 2016 AMOUNT: $ 692,944. MISCELLANEOUS - 2012 AMOUNT: $ 30,372. 2013 AMOUNT: $ 66,271. FUNDRAISING EVENTS GROSS - 2016 AMOUNT: $ 21,950. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 4914911 525421 210275 5230057 4100824 926616 -112529 4914911 3330465 773384 -3025 4100824 1899032 1100000 331433 3330465 1714511 184521 1899032 0.01400 0.87300 0.11300 0 0 9042564 5699976 3342588 3857852 3093295 764557 24016140 20827138 3189002 7296147 EQUITY AND FIXED INCOME INSTRUMENTS 7341861 F 7341861 BENEFICIAL INTERESTS 22496212 DEFERRED COMMITMENT FROM CITY OF CHARLOTTE 56409414 LIFE INSURANCE POLICY CONTRIBUTION 23494 DEFERRED COMMITMENT FROM TOWN OF HUNTERSVILLE 7588357 DEFERRED COMMITMENT FROM TOWN OF ROCKINGHAM 966629 DEFERRED COMMITMENT FROM STEM 160335 87644441 X 18315547 2269307 2876040 5145347 13170200 2423 -161861 -159438 13010762 19527772 4126375 161861 4288236 15239536 2423 2423 15241959 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 4B - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD -33,692. FUNDRAISING EVENT EXPENSES -128,169. PART XII, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD 33,692. FUNDRAISING EVENT EXPENSES 128,169. 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. DISCOVERY PLACE, INC. ENTERED INTO A NON-CANCELABLE OPERATING LEASE AGREEMENT WITH BANK OF AMERICA, NATIONAL ASSOCIATION FOR THE STEM DEVELOPMENT CENTER. DISCOVERY PLACE, INC. PAYS $1 ANNUALLY FOR THE LEASE SUBJECT TO CERTAIN PROGRAM PERFORMANCE GOALS AND METRICS. DISCOVERY PLACE, INC. HAS RECOGNIZED THE PRESENT VALUE OF THE BUILDING RENTAL BY THE LEASE AGREEMENT AS A TEMPORARILY RESTRICTED NET ASSET. THE PRESENT VALUE OF THE CONTRIBUTION IS BEING AMORTIZED OVER THE 4 YEAR LEASE TERM. 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. X X X X 1 ALEXANDER HAAS INC 3520 PIEDMONT RD STE 300 ATLANTA GA 30305 CONSULTING ON CAPITAL CAMPAIGN 0 0 63000 -63000 63000 -63000 NC SC GALA 197950 176000 21950 128169 197950 176000 21950 128169 128169 -106219 SCHEDULE G, PART I, LINE 2B, COLUMN (V) DISCOVERY PLACE CONTRACTED WITH ALEXANDER HAAS, INC FOR MONTHLY CONSULTING FEES PLUS REIMBURSEMENT OF TRAVEL EXPENSES AS INCURRED. REIMBURSABLE EXPENSES TOTALED $2,722. X X X 0 0 0 0 0 0 0 0 0 CATHERINE WILSON HORNE PRESIDENT/CEO 273618 0 0 0 14500 0 12054 0 8735 0 308907 0 0 0 X 1 9574 FMV X MISC FOOD/SUPPLIES 9 103194 RETAIL VALUE 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IN COLUMN B REFLECTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART I, LINE 6 DISCOVERY PLACE ENGAGES 622 ADULT AND TEEN VOLUNTEERS THAT PROVIDED NEARLY 23,000 HOURS OF SERVICE DURING THE YEAR. THESE VOLUNTEERS ARE VITAL TO THE ORGANIZATION'S SUCCESS AND PROVIDE SERVICES THROUGHOUT OUR FACILITIES. VOLUNTEERS HELP FEED AND CARE FOR THE ANIMALS; SUPERVISE AND SUPPORT SUMMER CAMPS; PERFORM LIVE PROGRAMS AND SCIENCE DEMONSTRATIONS; ASSIST IN OUR 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: 811,314. CHANGE IN SPENDABLE INCOME FROM BENEFICIAL INTERESTS: 896,767.