2017-01-12T10:24:14-06:00 2016-06-30 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2015-07-01 560529944 DISCOVERY PLACE INC DISC 7043726261 301 NORTH TRYON STREET CHARLOTTE NC 28202 CATHERINE WILSON HORNE PRESIDENT & CEO 7043726261 2017-01-12 1 TAMELA L GAINEY P00437957 3362724551 2015 2021-01-29 14:40:06Z CATHERINE WILSON HORNE 301 NORTH TRYON STREET CHARLOTTE NC 28202 12097312 0 X WWW.DISCOVERYPLACE.ORG X 1947 NC WE INSPIRE CURIOUS THINKERS TO DISCOVER THE WONDERS OF SCIENCE, TECHNOLOGY AND NATURE. 30 30 240 409 48165 35120 3001950 2329222 6351482 8040145 1221565 77225 858685 1171356 11433682 11617948 0 0 0 0 6087914 6690553 0 0 340744 8444840 8924005 14532754 15614558 -3099072 -3996610 112180243 107556206 1587123 1505305 110593120 106050901 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 9508987 5370185 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 828,000 GUESTS DURING THE YEAR. MUSEUM PROGRAMS ACCOMPLISH THE EXEMPT PURPOSE OF STIMULATING PUBLIC INTEREST AND UNDERSTANDING OF SCIENCE, TECHNOLOGY AND NATURE. 1492724 1325056 WORKSHOPS/FIELDTRIPS/CLASSES/OUTREACH/CAMPS: DISCOVERY PLACE, INC. PROVIDES SCIENCE EDUCATION TO THE PUBLIC IN THE FORM OF WORKSHOPS, FIELDTRIPS, CLASSES, OUTREACH, AND CAMPS. DISCOVERY PLACE, INC. ALSO PROVIDES PROFESSIONAL DEVELOPMENT PROGRAMS TO TEACHERS AND EDUCATORS IN THE AREAS OF SCIENCE, TECHNOLOGY, ENGINEERING, MATH, AND NATURE. OUTREACH PROGRAMS KNOWN AS SCIENCE REACH ARE OFFERED TO SCHOOLS, AFTERSCHOOL AND HOME SCHOOL GROUPS AND ALSO PROMOTE SCIENCE, TECHNOLOGY AND NATURE. 71858 268287 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. 159117 1331463 MEMBERSHIP 2155818 54993 MISCELLANEOUS 2314935 1386456 13388504 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 72 0 1 240 1 1 1 0 0 0 0 0 0 0 0 0 X 30 30 0 0 1 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 CHAIRMAN 4.00 X X 0 0 0 MARK MCGOLDRICK VICE CHAIRMAN 4.00 X X 0 0 0 VICTOR FIELDS TREASURER 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 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 TRUSTEE 3.00 X 0 0 0 ROBYN HAMILTON TRUSTEE 3.00 X 0 0 0 PASTY KINSEY TRUSTEE 3.00 X 0 0 0 GAYLE LANIER TRUSTEE 3.00 X 0 0 0 LUTHER LOCKWOOD TRUSTEE 3.00 X 0 0 0 STUART MALTER TRUSTEE 3.00 X 0 0 0 MICHAEL MCDERMOTT TRUSTEE 3.00 X 0 0 0 MICHELLE MOLONEY TRUSTEE 3.00 X 0 0 0 WILLIAM A MORRISSETT TRUSTEE 3.00 X 0 0 0 SEAN O'NEAL 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 DR JULIO RAMIREZ TRUSTEE 3.00 X 0 0 0 PAUL RUTLEDGE TRUSTEE 3.00 X 0 0 0 ANDREA SMITH 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 NELSON COSGROVE TRUSTEE 3.00 X 0 0 0 RICHARD CAMPBELL TRUSTEE 3.00 X 0 0 0 CATHERINE WILSON HORNE PRESIDENT/CEO 45.00 X 234266 0 17200 DEANNA DYCUS CFO 50.00 X 129159 0 7842 363425 0 25042 2 0 1 0 ISS FACILITIES SERVICES PO BOX 991 SAN ANTONIO TX 78294 JANITORIAL 451723 HAIZLIP 2125 CENTRAL AVENUE MEMPHIS TN 38104 FACILITY MASTER PLAN 155907 BLACKBAUD PO BOX 930256 ATLANTA GA 31193 SOFTWARE LCENSES 142406 LIBERTY SCIENCE CENTER 222 JERSEY CITY BOULEVARD JERSEY CITY NJ 07305 EXHIBIT PROVIDER 125000 PLASTINATION COMPANY INC 9401 WILSHIRE BOULEVARD SUITE 700 BEVERLY HILLS CA 90212 EXHIBIT PROVIDER 109225 5 378325 1950897 1711 2329222 ADMISSIONS/WORKSHOPS 713990 6708681 6708681 MEMBERSHIP FEES 713990 1331464 1331464 8040145 34391 34391 130695 0 130695 130695 130695 490921 448087 42834 42834 42834 286007 31277 254730 254730 PARKING REVENUE 532000 730822 48165 682657 MISCELLANEOUS 713990 55109 55109 785931 11617948 8349984 48165 890577 372825 372825 5129397 4298509 598981 231907 260767 191554 57300 11913 476560 378354 87100 11106 451004 358810 74585 17609 16603 16603 43188 43188 3048 3048 1021118 849658 166399 5061 820224 792580 20945 6699 665697 543174 107403 15120 243394 243394 584610 582410 2200 252745 165469 77899 9377 3588388 3570649 17739 86860 38239 48621 EXHIBIT/MUSEUM PROGRAMS 695860 670833 19194 5833 REPAIRS & MAINTENANCE 302038 223887 78151 PRINTING & PUBLICATIONS 118513 111981 214 6318 POSTAGE, DUES, AND SUBS 69156 28314 32995 7847 412563 337641 62968 11954 15614558 13388504 1885310 340744 296639 406035 1428834 1290842 2109273 558509 215185 336686 33289 17707 417357 512800 35215923 26447519 12020674 8768404 1363977 1363397 5290737 5899080 300000 300000 88704278 88102746 112180243 107556206 1172446 1021382 414677 483923 1587123 1505305 X 17823854 15321847 72226822 70520296 20542444 20208758 110593120 106050901 112180243 107556206 X -3996610 97914 -1194834 551311 X 0 1 X 1 0 X 8034034 5323096 3822943 4343538 3660686 25184297 8034034 5323096 3822943 4343538 3660686 25184297 25184297 369556 273683 137981 578724 165086 1525030 81884 25329 35438 21358 36120 200129 908506 731878 543899 560040 682657 3426980 30336436 26136791 0.83020 0.87600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 4100824 926616 -112529 4914911 3330465 773384 -3025 4100824 1899032 1100000 331433 3330465 1714511 184521 1899032 1717498 44278 -47265 1714511 0.01420 0.86990 0.11590 0 0 9003382 5190067 3813315 3495937 2813061 682876 22716604 18444391 4272213 8768404 EQUITY AND FIXED INCOME INSTRUMENTS 5899080 F 5899080 BENEFICIAL INTERESTS 21704182 DEFERRED COMMITMENT FROM CITY OF CHARLOTTE 56805980 LIFE INSURANCE POLICY CONTRIBUTION 23494 DEFERRED COMMITMENT FROM TOWN OF HUNTERSVILLE 7772533 DEFERRED COMMITMENT FROM TOWN OF ROCKINGHAM 1168290 DEFERRED COMMITMENT FROM STEM 628267 88102746 X 15278531 649225 2983129 3632354 11646177 3048 -31277 -28229 11617948 19820750 4177963 31277 4209240 15611510 3048 3048 15614558 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 -31,277. PART XII, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD 31,277. 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 0 1 0 0 0 0 0 0 0 CATHERINE WILSON HORNE PRESIDENT/CEO 221766 0 0 0 12500 0 12500 0 4700 0 251466 0 0 0 PART I, LINE 4B CATHERINE WILSON HORNE AND DEANNA DYCUS ARE PARTICIPANTS IN A NONQUALIFIED RETIREMENT PLAN. THE CURRENT YEAR'S CONTRIBUTION WAS $12,500 AND $6,420 RESPECTIVELY. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE UPDATED TO CHANGE THE COMPOSITION AND NOMINATION PROCESS FOR THE GOVERNANCE, INTERNAL AFFAIRS, AND EXTERNAL AFFAIRS COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 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. 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: -333,686. CHANGE IN SPENDABLE INCOME FROM BENEFICIAL INTERESTS: 884,997. FORM 990, PART I, LINE 6 DISCOVERY PLACE, INC. HAS A VOLUNTEER DATABASE THAT IS MAINTAINED BY A SOFTWARE SYSTEM. THE SYSTEM TRACKS WHEN AND WHERE EACH TIME VOLUNTEER PROVIDES SERVICES.