2016-05-16T09:50:03-05:00 2015-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2014-07-01 222302253 LIBERTY SCIENCE CENTER INC LIBE 2012001000 222 JERSEY CITY BOULEVARD JERSEY CITY NJ 07305 JANICE ERZMONEIT PRESIDENT & CEO 2012001000 2016-05-12 1 GARRETT M HIGGINS P00543209 2122862600 2016-04-08 2014 2016-08-17 19:52:53Z PAUL HOFFMAN 222 JERSEY CITY BOULEVARD JERSEY CITY NJ 07305 25953013 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. 23 23 322 424 684426 -190958 9218644 10533866 8633417 9854673 365147 381878 1212817 1357997 19430025 22128414 0 39000 0 0 9671480 9434844 0 0 1239880 14019316 14565797 23690796 24039641 -4260771 -1911227 86677461 89834263 12170811 17477215 74506650 72357048 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 18844013 39000 9170247 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. 18844013 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 0 322 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 0 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 WILLIAM A TANSEY CHAIR 1.00 X X 0 0 0 ALMA DEMETROPOLIS VICE CHAIR 1.00 X X 0 0 0 JOSH S WESTON VICE CHAIR 1.00 X X 0 0 0 LAURA OVERDECK VICE CHAIR 1.00 X X 0 0 0 ROBERT J HARIRI VICE CHAIR 1.00 X X 0 0 0 BRUCE L LEVY TREASURER/SECRETARY 1.00 X X 0 0 0 DAVID BARRY TRUSTEE 1.00 X 0 0 0 FRED BERTOLDO TRUSTEE EFFECTIVE 7/10/14 1.00 X 0 0 0 LINDA M BOWDEN TRUSTEE THROUGH 2/6/15 1.00 X 0 0 0 JENNIFER A CHALSTY TRUSTEE 1.00 X 0 0 0 SUSAN A COLE TRUSTEE 1.00 X 0 0 0 JAMES J COLEMAN TRUSTEE THROUGH 9/15/14 1.00 X 0 0 0 JON CUMMINGS TRUSTEE THROUGH 7/2/14 1.00 X 0 0 0 KEVIN CUMMINGS TRUSTEE 1.00 X 0 0 0 RICHARD M HODOSH TRUSTEE 1.00 X 0 0 0 EMIL JACOBS TRUSTEE THROUGH 10/31/14 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 GLENN POMERANTZ TRUSTEE 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 ELLEN STRAHLMAN TRUSTEE THROUGH 2/5/15 1.00 X 0 0 0 VIJAY SWARUP TRUSTEE EFFECTIVE 10/30/14 1.00 X 0 0 0 TONY TRAMONTIN TRUSTEE EFFECTIVE 7/10/14 1.00 X 0 0 0 RICHARD VEZZA TRUSTEE THROUGH 11/4/14 1.00 X 0 0 0 AJAY WAGHRAY TRUSTEE 1.00 X 0 0 0 MARCUS WELDON TRUSTEE EFFECTIVE 10/30/14 1.00 X 0 0 0 PAUL HOFFMAN PRESIDENT & CEO 70.00 X 416126 0 42739 JEFFREY SASSON CHIEF OPERATIONS OFFICER 60.00 X 206643 0 18498 CHRISTINE ARNOLD-SCHROEDER VP EXTERNAL AFFAIRS 60.00 X 169082 0 48342 DANIEL MENELLY VP STEM EDUCATION THROUGH 2/20/15 60.00 X 165018 0 19499 PATRICK MCQUILLAN VP STEM EDUCATION EFFECTIVE 5/25/15 60.00 X 0 0 0 JANICE ERZMONEIT CONTROLLER & DIRECTOR OF FINANCE 60.00 X 145809 0 42840 ANN NEUMANN EXHIBITION DESIGN LEAD 50.00 X 117857 0 19686 ELLEN LYNCH EXHIBITION OPERATIONS LEAD 50.00 X 112287 0 16787 JESSICA ORTIZ DIRECTOR OF GRANTS 40.00 X 109976 0 19222 CONNIE CLAMAN FORMER CFO 0.00 X 162148 0 3196 1604946 0 230809 10 1 1 0 ISS FACILITY SERVICES 81 DORSA AVENUE LIVINGSTON NJ 07039 BUILDING ENGINEERS 1316663 DELTA BUILDING SERVICES CORP 43 CHESTNUT STREET RUTHERFORD NJ 07070 MAINTENANCE SERVICES 744079 AD LUBOW ONE PENN PLAZA FL 53 NEW YORK NY 10119 ADVERTISING SERVICES 410631 IPS CORPORATE SECURITY 16-00 ROUTE 208 SOUTH SUITE 301 FAIR LAWN NJ 07410 SECURITY SERVICES 356930 ENTECH CREATIVE INDUSTRIES 10602 SATELLITE BLVD ORLANDO FL 32837 CREATIVE SERVICES 256282 13 1898991 2659111 3650443 2325321 561481 10533866 ADMISSIONS 611710 6433672 6433672 MUSEUM PROGRAMS 611710 1386575 1386575 SCHOOL CONTRACTS 611710 1350000 1350000 MUSEUM EXHIBIT DESIGN 611710 684426 684426 9854673 81004 81004 1538243 344851 1193392 1193392 218040 975352 3383433 3082559 300874 300874 300874 109660 2659111 397189 -287529 -287529 SOLAR REN. ENERGY CERT. 900099 247038 247038 VENDING MACHINE 900099 73706 73706 UTILITIES REBATE 900099 47449 47449 83941 83941 452134 22128414 9170247 902466 1521835 39000 39000 1339345 377091 722059 240195 165344 165344 6386962 5092052 622538 672372 275182 179567 76740 18875 570241 394684 141818 33739 697770 402586 226152 69032 84703 10494 74039 170 357439 176581 178896 1962 126750 126750 26178 26178 1026290 956935 69355 782736 782736 484842 377078 35396 72368 89127 58274 27632 3221 291534 291534 5004059 4305310 643526 55223 119706 89154 26440 4112 197106 165446 17819 13841 424952 369708 50994 4250 4806726 4181852 576807 48067 139282 84902 54208 172 EXHIBIT RENTALS 300369 300369 SPECIAL ACTIVITY COSTS 148249 147689 560 FILM PRINTS 37650 37650 118099 23321 93057 1721 24039641 18844013 3955748 1239880 1630417 2969077 354228 6570337 3338087 2690551 720049 775098 212951 439422 151522939 78318760 76699487 73204179 3722242 2931839 0 253760 86677461 89834263 2812869 1918639 1543709 2410450 1346233 9795126 6468000 3353000 12170811 17477215 X 65793514 67087420 6088993 2645485 2624143 2624143 74506650 72357048 86677461 89834263 -1911227 -238376 0 X X 0 1 X 1 0 X 9542834 14498466 15791889 9218644 10533866 59585699 9542834 14498466 15791889 9218644 10533866 59585699 2176300 57409399 1204485 922946 789073 805192 1056356 4778052 279048 317858 170083 307106 452134 1526229 65889980 40813173 0.87130 0.55540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 131368 131368 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. 25463513 X X 0 2842541 89298 2931839 2701720 435821 295000 2842541 2505169 111179 293372 208000 2701720 2922315 -17146 400000 2505169 2383271 539044 2922315 0.00240 0.89510 0.10250 1 0 122493672 54285941 68207731 3565754 2556758 1008996 25463513 21476061 3987452 73204179 X 22632078 -238376 742040 503664 22128414 0 22128414 24781680 742040 742040 24039640 0 24039640 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 BANK OF AMERICA. PRIOR YEAR CONTRIBUTIONS FIGURES IN THE ENDOWMENT FUNDS FINANCIAL SUMMARY HAVE BEEN ADJUSTED TO REFLECT FINAL AUDIT FINANCIAL STATEMENT NUMBERS. 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 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 397,189. RENT EXPENSE 344,851. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 397,189. RENT EXPENSE 344,851. ANNUAL GALA 2669071 2568111 100960 155820 231734 SCIENCE/MAGIC 99700 91000 8700 6250 3385 2768771 2659111 109660 162070 235119 397189 -287529 1 STIPENDS 39 39000 PART I, LINE 2: THE ORGANIZATION OFFERS A STIPEND TO HIGHSCHOOL STUDENTS WHO PARTICIPATE IN THE "PARTNERS OF SCIENCE" PROGRAM. RECIPIENTS ARE SELECTED THROUGH AN INTERVIEW AND MUST MEET ELIGIBILITY REQUIREMENTS. X X X 1 0 0 0 0 0 0 1 0 PAUL HOFFMAN PRESIDENT & CEO 355352 0 60000 0 774 0 24879 0 17860 0 458865 0 0 0 JEFFREY SASSON CHIEF OPERATIONS OFFICER 205497 0 0 0 1146 0 17599 0 899 0 225141 0 0 0 CHRISTINE ARNOLD-SCHROEDER VP EXTERNAL AFFAIRS 168318 0 0 0 764 0 16096 0 32246 0 217424 0 0 0 DANIEL MENELLY VP STEM EDUCATION THROUGH 2/20/15 164692 0 0 0 326 0 10353 0 9146 0 184517 0 0 0 JANICE ERZMONEIT CONTROLLER & DIRECTOR OF FINANCE 145261 0 0 0 548 0 14142 0 28698 0 188649 0 0 0 CONNIE CLAMAN FORMER CFO 0 0 0 0 162148 0 0 0 3196 0 165344 0 0 0 PART I, LINE 4A CONNIE CLAMAN, FORMER VP/CFO, RECEIVED SEVERANCE PAYMENT IN THE AMOUNT OF $165,344, AS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III)/COLUMN (D). PART I, LINE 7 PAUL HOFFMAN RECEIVED A DISCRETIONARY BONUS IN THE AMOUNT OF $60,000 AS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II). X 3 561481 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 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 WILL BE 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 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 REVIEWED INTERNALLY BY THE CFO AND THE CONTROLLER, AND IF FURTHER CLARIFICATION IS REQUIRED IN ORDER TO DETERMINE WHETHER A CONFLICT EXISTS, EXTERNAL LEGAL COUNSEL IS CONSULTED. 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 XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE 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 200000 LIBERTY SCIENCE CENTER