2017-05-03T15:46:19-05:00 2016-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2015-07-01 222302253 LIBERTY SCIENCE CENTER INC LIBE 2012001000 222 JERSEY CITY BOULEVARD JERSEY CITY NJ 07305 JANICE ERZMONEIT PRESIDENT & CEO 2012001000 2017-05-03 1 GARRETT M HIGGINS P00543209 2122862600 2017-05-03 2015 2021-01-29 14:40:06Z PAUL HOFFMAN 222 JERSEY CITY BOULEVARD JERSEY CITY NJ 07305 38851585 0 X WWW.LSC.ORG X 1980 NJ LSC OFFERS EXCEPTIONAL SCIENCE LEARNING ONSITE, OFFSITE, AND ONLINE. WE ENGAGE LEARNERS OF ALL AGES IN SCIENCE EXCITEMENT AND PROVIDE PROFESSIONAL DEVELOPMENT FOR TEACHERS. 27 27 335 305 511290 -459319 10533866 17295760 9854673 11870179 381878 98800 1357997 1207330 22128414 30472069 39000 40750 0 0 9434844 10396691 0 0 1697994 14565797 15854115 24039641 26291556 -1911227 4180513 89834263 94655832 17477215 14876283 72357048 79779549 X LIBERTY SCIENCE CENTER (LSC) IS A MAJOR NOT-FOR-PROFIT SCIENCE CENTER DEVOTED TO STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS) EDUCATION. THE CENTER'S MISSION IS TO GET LEARNERS OF ALL AGES EXCITED ABOUT THE POWER, PROMISE, AND PURE FUN OF SCIENCE, AND TECHNOLOGY.MORE THAN HALF A MILLION GUESTS VISIT LSC ANNUALLY INCLUDING SOME 210,000 STUDENTS AND TEACHERS. OF THOSE, APPROXIMATELY 40% ARE LOW-INCOME, UNDERSERVED YOUTH, THEIR FAMILIES AND THEIR TEACHERS.LSC IS HOUSED IN A DRAMATIC 300,000-SQUARE-FOOT FACILITY ON THE JERSEYCITY BANK OF THE HUDSON RIVER IN LIBERTY STATE PARK, NEW JERSEY, WITHDRAMATIC VIEWS OF LOWER MANHATTAN AND THE STATUE OF LIBERTY. IT OFFERS 12 EXHIBITION GALLERIES, LIVE SCIENCE PROGRAMS, THREE THEATERS INCLUDING THE NATION'S LARGEST IMAX DOME THEATER, AND A FULL SERVICE CAF AND GIFT SHOP.SPECIAL WEEKEND AND HOLIDAY PROGRAMMING INCORPORATES A WIDE VARIETY OF EXCITING EXPERIENCES INCLUDING MEETING VISITING SCIENTISTS, TRYING OUT NEW TECHNOLOGY, AND EVEN ENJO 0 0 20920189 40750 11638554 SEE SCHEDULE OLIBERTY SCIENCE CENTER HAS BROAD AMBITIONS AND SOUND STRATEGIES TO CHANGE THE FACE OF SCIENCE EDUCATION IN NEW JERSEY AND BEYOND. IN ADDITION TO ITS ENGAGING EXHIBITION AND THEATER OFFERINGS, AN IMPORTANT TOOL IN ACHIEVING THAT OBJECTIVE IS THE JENNIFER A. CHALSTY CENTER FOR SCIENCE LEARNING AND TEACHING. THE JENNIFER A. CHALSTY CENTER PROVIDES OUTSTANDING AND AFFORDABLE EDUCATOR PROFESSIONAL DEVELOPMENT OPPORTUNITIES. SCHOOL RESIDENCIES ARE AVAILABLE THERE FOR SPECIAL NEEDS, HOME SCHOOLERS, AND OTHER STUDENTS, WHILE THE INTERNATIONALLY ACCLAIMED "LIVE FROM SURGERY" PROGRAM, WHERE STUDENTS OBSERVE AND DISCUSS PROCEDURES AND RISK FACTORS WITH OPERATING STAFF VIA TELECONFERENCING DURING LIVE SURGERY, TAKES PLACE IN THE THEATER. IN ADDITION TO THE 100-SEAT THEATER, THE CHALSTY CENTER ENCOMPASSES FIVE FULLY-EQUIPPED LABS, A CENTRAL FORUM, AND TEACHER RESOURCE CENTER FOR TRAINING PROGRAMS. LIBERTY SCIENCE CENTER ALSO CONDUCTS CURRICULUM-LINKED ONSITE, OFFSITE, AND ONLINE PROGRAMS INCLUDING FIELD TRIPS, CLASSROOM AND LAB INSTRUCTION, INTERPRETIVE PROGRAMS IN BOTH FORMAL AND INFORMAL SETTINGS, TRAVELING SCIENCE PRESENTATIONS, AND EARLY CHILDHOOD SCIENCE PROGRAMMING. THE INSTITUTION OFFERS MUSEUM STRATEGIC PLANNING AND DESIGN SERVICES, ANNUALLY HOSTS HUNDREDS OF PRIVATE EVENTS FROM BIRTHDAY PARTIES TO HIGH-END PRODUCT LAUNCHES, HOSTS WORKFORCE DEVELOPMENT INITIATIVES, AND SHOWCASES PUBLIC SCIENCE- AND TECHNOLOGY- RELATED EVENTS FROM ROBOTICS COMPETITIONS TO LIVE ANIMAL SHOWS TO ROCKETRY LESSONS. 20920189 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 58 0 335 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ NY X X JANICE ERZMONEIT 2012531296 222 JERSEY CITY BLVD JERSEY CITY NJ 07305 DAVID BARRY CO-CHAIR 2.00 X X 0 0 0 JOSH S WESTON CO-CHAIR 2.00 X X 0 0 0 ALMA DEMETROPOLIS VICE CHAIR 2.00 X X 0 0 0 LAURA OVERDECK VICE CHAIR 2.00 X X 0 0 0 BRUCE L LEVY TREASURER/SECRETARY 2.00 X X 0 0 0 FRED BERTOLDO TRUSTEE 1.00 X 0 0 0 BENJAMIN Z BRONFMAN TRUSTEE 1.00 X 0 0 0 JENNIFER A CHALSTY TRUSTEE 1.00 X 0 0 0 SUSAN A COLE TRUSTEE THROUGH 6/30/16 1.00 X 0 0 0 KEVIN CUMMINGS TRUSTEE 1.00 X 0 0 0 ROBERT J HARIRI TRUSTEE 1.00 X 0 0 0 RICHARD M HODOSH TRUSTEE 1.00 X 0 0 0 GREGORY KHOST TRUSTEE 1.00 X 0 0 0 BARBARA G KOSTER TRUSTEE 1.00 X 0 0 0 RALPH LAROSSA TRUSTEE 1.00 X 0 0 0 CHRISTOPHER J MAGOVERN TRUSTEE 1.00 X 0 0 0 W NEVINS MCCANN JD TRUSTEE EFFECTIVE 6/30/16 1.00 X 0 0 0 MINALKUMAR MINAL PATEL MD TRUSTEE EFFECTIVE 6/30/16 1.00 X 0 0 0 AMIT RAKHIT TRUSTEE EFFECTIVE 7/9/15 1.00 X 0 0 0 ANTHONY T SKIADAS TRUSTEE EFFECTIVE 6/30/16 1.00 X 0 0 0 CAROLYN SLASKI TRUSTEE 1.00 X 0 0 0 THOMAS J STANTON TRUSTEE 1.00 X 0 0 0 VIJAY SWARUP TRUSTEE 1.00 X 0 0 0 WILLIAM A TANSEY TRUSTEE THROUGH 6/30/16 1.00 X 0 0 0 TONY TRAMONTIN TRUSTEE 1.00 X 0 0 0 AJAY WAGHRAY TRUSTEE THROUGH 6/30/16 1.00 X 0 0 0 MARCUS WELDON TRUSTEE 1.00 X 0 0 0 PAUL HOFFMAN PRESIDENT & CEO 70.00 X 583619 0 44788 JEFFREY SASSON CHIEF OPERATIONS OFFICER 60.00 X 252991 0 19731 CHRISTINE ARNOLD-SCHROEDER VP EXTERNAL AFFAIRS 60.00 X 198956 0 47724 JANICE ERZMONEIT CONTROLLER & DIRECTOR OF F 60.00 X 173893 0 46913 ELLEN LYNCH EXHIBITION OPERATIONS LEAD 50.00 X 122473 0 15178 LIZA REICH RAWSON EXHIBITIONS DEVELOPMENT LEAD 50.00 X 111596 0 25004 MELISSA HALILI DIRECTOR OF MEMBERSHIP 45.00 X 102372 0 28517 JESSICA ORTIZ DIRECTOR OF GRANTS 45.00 X 101060 0 19743 1646960 0 247598 8 0 1 0 ISS FACILITY SERVICES 81 DORSA AVENUE LIVINGSTON NJ 07039 BUILDING ENGINEERS 1442900 DELTA BUILDING SERVICES CORP 43 CHESTNUT STREET RUTHERFORD NJ 07070 MAINTENANCE SERVICES 745616 IPS CORPORATE SECURITY 16-00 ROUTE 208 SOUTH SUITE 301 FAIR LAWN NJ 07410 SECURITY SERVICES 330592 EXHIBIT DEVELOPMENT GROUP 141 EAST 4TH STREET SUITE 103 SAINT PAUL MN 55101 EXHIBIT DEVELOPMENT SERVICES 311594 SWEETWATER CONTRUCTION 32 N MAIN STREET CRANBURY NJ 08512 CONSTRUCTION 221927 12 2071038 2824587 4005323 8394812 5344127 17295760 ADMISSIONS 611710 7699805 7699805 MUSEUM PROGRAMS 611710 1530839 1530839 SCHOOL CONTRACTS 611710 1350000 1350000 TRAVELING EXHIBIT 611710 1057910 1057910 MUSEUM EXHIBIT DESIGN 611710 231625 231625 11870179 128259 128259 1498057 327973 1170084 1170084 279665 890419 7503320 7532779 -29459 -29459 -29459 139780 2824587 518764 -378984 -378984 SOLAR REN. ENERGY CERT. 900099 249728 249728 VENDING MACHINE 900099 78802 78802 UTILITIES REBATE 900099 13634 13634 74066 74066 416230 30472069 11638554 511290 1026465 40750 40750 1399398 607933 345862 445603 7321530 5611082 914466 795982 316717 204588 95972 16157 577413 353106 175098 49209 781633 468996 230967 81670 114332 12490 101272 570 362166 212740 147087 2339 126750 126750 20858 20858 1236762 1105697 76101 54964 757334 727459 25559 4316 610473 476155 36885 97433 127025 65790 57873 3362 297660 297660 5266033 4518898 694438 52697 117578 93926 10552 13100 259796 209696 28021 22079 413748 359961 49650 4137 4975656 4328820 597079 49757 144605 87843 56587 175 EXHIBIT RENTALS 858746 858746 SPECIAL ACTIVITY COSTS 89580 85504 3036 1040 FILM PRINTS 18877 18877 56136 46722 6010 3404 26291556 20920189 3673373 1697994 2969077 2226689 6570337 14574413 2690551 3353797 775098 735932 439422 811075 153144820 83276841 73204179 69867979 2931839 2832079 253760 253868 89834263 94655832 1918639 2589264 2410450 2724875 9795126 9562144 3353000 17477215 14876283 X 67087420 68801147 2645485 8354259 2624143 2624143 72357048 79779549 89834263 94655832 X 4180513 -111012 3353000 X X 0 1 X 1 0 X 14498466 15791889 9218644 10533866 17295760 67338625 14498466 15791889 9218644 10533866 17295760 67338625 6398697 60939928 922946 789073 805192 1056356 1626316 5199883 317858 170083 307106 452134 416230 1663411 74201919 44487296 0.82130 0.87130 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 317,858. 2012 AMOUNT: $ 170,083. 2013 AMOUNT: $ 307,106. 2014 AMOUNT: $ 452,134. 2015 AMOUNT: $ 416,230. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 138053 138053 0 PART II-B, LINE 1: THE ORGANIZATION PAID OPTIMUS PARTNERS, LLC FOR ITS SERVICES IN THE AREA OF PUBLIC AFFAIRS AND STRATEGIC CONSULTING WITH RESPECT TO LIBERTY SCIENCE CENTER'S BUSINESS INTERESTS IN NEW JERSEY AND NEW JERSEY'S POLITICAL SUBDIVISIONS AND NY/NJ BI-STATE AGENCIES. 0 26055216 X X 0 2931839 -99760 2832079 2842541 89298 2931839 2701720 435821 295000 2842541 2505169 111179 293372 208000 2701720 2922315 -17146 400000 2505169 0.00250 0.92660 0.07090 1 0 122883656 58383454 64500202 4205948 2742940 1463008 26055216 22150447 3904769 69867979 X 34585794 -111012 25000 4199737 4113725 30472069 0 30472069 27163293 25000 846737 871737 26291556 0 26291556 PART III, LINE 4: LIBERTY SCIENCE CENTER HAS TWELVE EXHIBITION GALLERIES GEARED TOWARD CHILDREN AND ADULTS. THE EXHIBITS SERVE A CRITICAL ROLE IN REALIZING THE ORGANIZATION'S MISSION TO BRING EXCITEMENT AND UNDERSTANDING OF SCIENCE AND TECHNOLOGY TO CHILDREN, FAMILIES, TEACHERS AND OTHERS BY OFFERING CREATIVE AND PARTICIPATORY WAYS TO LEARN ABOUT STEM TOPICS. PART V, LINE 4: THE CENTER HAS ONE ENDOWMENT FUND ESTABLISHED FOR UNRESTRICTED PURPOSES. THE ENDOWMENT FUND IS NOT IN THE POSSESSION OF THE ORGANIZATION, BUT IS HELD AND ADMINISTERED FOR THE ORGANIZATION BY US TRUST. PART X, LINE 2: THE CENTER RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CENTER HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CENTER IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 518,764. RENT EXPENSE 327,973. CHANGE IN THE ESTIMATE OF THE PAYABLE TO THE STATE FOR CAPITAL EXPANSION 3,353,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 518,764. RENT EXPENSE 327,973. ANNUAL GALA 2704036 2589036 115000 159710 309199 SCIENCE/MAGIC 260331 235551 24780 30482 19373 2964367 2824587 139780 190192 328572 518764 -378984 1 STIPENDS 41 40750 PART I, LINE 2: THE ORGANIZATION OFFERS A SMALL STIPEND TO HIGHSCHOOL STUDENTS WHO PARTICIPATE IN THE "PARTNERS IN SCIENCE" PROGRAM. RECIPIENTS ARE SELECTED THROUGH AN INTERVIEW AND MUST MEET ELIGIBILITY REQUIREMENTS. X X X 0 0 0 0 0 0 0 1 0 PAUL HOFFMAN PRESIDENT & CEO 402785 0 180000 0 834 0 26175 0 18613 0 628407 0 0 0 JEFFREY SASSON CHIEF OPERATIONS OFFICER 211757 0 40000 0 1234 0 19067 0 664 0 272722 0 0 0 CHRISTINE ARNOLD-SCHROEDER VP EXTERNAL AFFAIRS 173232 0 25000 0 724 0 17290 0 30434 0 246680 0 0 0 JANICE ERZMONEIT CONTROLLER & DIRECTOR OF F 163244 0 10000 0 649 0 15984 0 30929 0 220806 0 0 0 PART I, LINE 7 DURING THE YEAR ENDED JUNE 30, 2016, THE ORGANIZATION PROVIDED NON-FIXED BONUS PAYMENTS IN ADDITION TO SALARY ON A DISCRETIONARY BASIS TO CERTAIN EMPLOYEES, INCLUDING THOSE LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. THESE PAYMENTS WERE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN CONSIDERATION OF A VARIETY OF FACTORS INCLUDING CURRENT COMPENSATION AS COMPARED TO MARKET RATES, RESPONSIBILITIES ASSUMED OUTSIDE OF NORMAL JOB DUTIES, TENURE, AND PERFORMANCE. X 1 5344127 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS ON PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS CERTIFICATE OF INCORPORATION AND BYLAWS TO EXPAND THE CLASSES OF HONORARY POSITIONS TO INCLUDE HONORARY CHAIR EMERITUS, ADVISORY TRUSTEE, HONORARY TRUSTEE AND EDUCATIONAL PARTNER, AND TO FURTHER DESCRIBE THE ROLE OF PERSONS HOLDING THE AFORMENTIONED POSITIONS ON THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE COMPANY AND IN CONSULTATION WITH THE COMPANY'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN CAREFULLY REVIEWED BY THE FINANCE DEPARTMENT. THE FINAL DRAFT OF THE FORM 990 IS REVIEWED IN DETAIL BY THE FINANCE, AUDIT, AND FACILITIES COMMITTEE OF THE BOARD OF TRUSTEES, AND THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT REQUIRES, IN PART, THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSIONS OR DECISIONS ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE ORGANIZATION DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE A MATERIAL FINANCIAL INTEREST. WHEN A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, THE CIRCUMSTANCES ARE FIRST REVIEWED INTERNALLY BY THE CEO AND THE VP OF FINANCE, AND IF FURTHER CLARIFICATION IS REQUIRED IN ORDER TO DETERMINE WHETHER A CONFLICT EXISTS, EXTERNAL LEGAL COUNSEL IS CONSULTED. ANY ADVISABLE OR NECESSARY ACTION ON A CONLICT OF INTEREST WOULD BE REVIEWED BY OR TAKEN OR APPROVED BY THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD OR THE BOARD CHAIR OR CO-CHAIR OR THE CEO, AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE LIBERTY SCIENCE CENTER BOARD, ACTING THROUGH A COMMITTEE COMPRISED OF SOLELY OF INDEPENDENT TRUSTEES, FROM TIME TO TIME CONDUCTS A REVIEW TO DETERMINE COMPARABLE COMPENSATION RANGES FOR COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, INCLUDING FOR THE CEO, WHICH MAY INCLUDE REFERENCE TO COMPENSATION SURVEYS OR OTHER ORGANIZATIONS' FORMS 990 AS WELL AS POTENTIAL COMPETING EMPLOYMENT OFFERS. THE LIBERTY SCIENCE CENTER SETS COMPENSATION WITHIN THE RANGE OF REASONABLE COMPENSATION IN THE COMPETITIVE MARKETPLACE. THE PROCESS WAS LAST PERFORMED IN 2015. NO INDIVIDUAL HAVING A CONFLICT OF INTEREST PARTICIPATES IN THE REVIEW OR DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IS ESTIMATE OF THE PAYABLE TO THE STATE FOR CAPITAL EXPANSION 3,353,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE OF THE BOARD OF DIRECTORS THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SCITECH SCITY LLC 222 JERSEY CITY BLVD JERSEY CITY NJ 07305 473288450 OPERATE A SCIENCE AND TECHNOLOGY PARK NJ 0 173449 LIBERTY SCIENCE CENTER