2015-05-05T16:25:53-05:00 2014-06-30 941341042 FRANK RIMERMAN & CO LLP 1801 PAGE MILL ROAD PALO ALTO CA 94304 990 2013-07-01 942864660 THE TECH MUSEUM OF INNOVATION TECH 4087956116 201 SOUTH MARKET STREET SAN JOSE CA 95113 TIM RITCHIE PRESIDENT 4087956116 2015-04-24 1 PRERNA JAGADA P01063809 6508458100 2013 2016-02-25 16:41:14Z TIM RITCHIE 201 SOUTH MARKET STREET SAN JOSE CA 95113 19318583 0 X WWW.THETECH.ORG X 1983 CA TO INSPIRE THE INNOVATOR IN EVERYONE. 40 39 151 303 183412 -147356 11124299 8569632 3769831 6840951 220720 264190 -283302 83423 14831548 15758196 0 500000 0 0 5818076 7010695 0 0 1253689 8451064 8857718 14269140 16368413 562408 -610217 61175490 63034519 1574168 1837215 59601322 61197304 X TO INSPIRE THE INNOVATOR IN EVERYONE. THE TECH IS A NON-PROFIT, EXPERIENTIAL LEARNING RESOURCE DESIGNED TO HELP PEOPLE AND COMMUNITIES THRIVE IN A TECHNOLOGICAL AGE. THE TECH DOES THIS WITH EXHIBITS AND PROGRAMS THAT INSPIRE PEOPLE WITH THE POWER OF TECHNOLOGY TO IMPROVE LIVES AND BUILD BETTER COMMUNITIES. 0 0 9247955 500000 5990126 THE TECH ASPIRES TO BRING TOGETHER, IN ITS 132,000 SQUARE FOOT EXHIBITION FACILITY, EXHIBITS AND PROGRAMS THAT INSPIRE THE INNOVATOR IN EVERYONE. WITH MORE THAN 100 INTERACTIVE EXHIBITS, ALONG WITH STANDARDS-BASED EDUCATIONAL IMAX FILMS, THIS SPACE WELCOMES ON AVERAGE MORE THAN 400,000 VISITORS ANNUALLY, INCLUDING MORE THAN 120,000 FROM LOCAL K-12 SCHOOLS, TO ENGAGE IN SCIENCE AND TECHNOLOGY EXPERIENCES. ADDITIONALLY, THE TECH HOSTS TWO ANNUAL SIGNATURE PROGRAMS: (1) THE TECH CHALLENGE, A TEAM ENGINEERING DESIGN COMPETITION IN WHICH MORE THAN 2,000 STUDENTS IN GRADES 4-12 DESIGN, BUILD, DOCUMENT, AND TEST DEVICES THAT SOLVE A REAL-WORLD PROBLEM, AND (2) THE TECH AWARDS, AN INTERNATIONAL PROGRAM THAT HONORS INNOVATORS FROM AROUND THE WORLD WHO ARE APPLYING TECHNOLOGY TO CONFRONT HUMANITY'S MOST URGENT CHALLENGES IN FIVE AWARD CATEGORIES: ENVIRONMENT, EDUCATION, YOUNG INNOVATOR, HEALTH, AND ECONOMIC DEVELOPMENT. THIS TECHNOLOGY CAN BE EITHER A NEW INVENTION OR AN INNOVATIVE USE OF AN EXISTING TECHNOLOGY. THE LAUREATES ARE CELEBRATED AT AN ANNUAL AWARDS GALA, WHICH HAS BECOME A SIGNIFICANT SILICON VALLEY EVENT. 1528858 140625 THE TECH OFFERS AN ARRAY OF STANDARDS-BASED SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) EDUCATION PROGRAMS, WHICH INCLUDES EIGHT HANDS-ON SCIENCE LABS, BILINGUAL WEEKEND WORKSHOPS, AFTER-SCHOOL PROGRAMS, AND THE TECH CHALLENGE PROGRAM. ALL OF THESE PROGRAMS ALIGN WITH NEXT GENERATION SCIENCE STANDARDS AND COMMON CORE STATE STANDARDS. IN ADDITION, THE TECH OFFERS EDUCATIONAL IMAX FILMS THAT SUPPORT CALIFORNIA SCIENCE AND SOCIAL STUDIES CONTENT STANDARDS. APPROXIMATELY 100,000 CALIFORNIA STUDENTS IN GRADES K-12 VISITED THE REGULAR MUSEUM GALLERIES THROUGH OUR FIELD-TRIP PROGRAM. MORE THAN HALF OF THOSE STUDENTS WERE FROM TITLE 1 SCHOOLS. MANY OF THESE TITLE 1 STUDENTS ACCESSED OUR FEE-WAIVED SUPPORT FROM DONORS THAT ALLOWED THEM A DEEP ENGAGEMENT WITH SCIENCE AND TECHNOLOGY THAT OTHERWISE WOULD NOT BE AVAILABLE TO THEM. NEARLY 50,000 SAW AN EDUCATIONAL IMAX FILM AND 24,000 STUDENTS PARTICIPATED IN 90-MINUTE LABS LED BY TRAINED INSTRUCTORS. THE TECH REACHES OUT TO A DIVERSE ARRAY OF COMMUNITIES TO INTRODUCE STUDENTS NOT ONLY TO STEM CONCEPTS, BUT ALSO TO THE THRILL OF HANDS-ON LEARNING AND REAL-WORLD DESIGN. 1835094 526788 MORE THAN 7,000 MEMBERS HELP SUPPORT THE TECH, INCLUDING MORE THAN 300 LOCAL EDUCATORS WHO ARE GRANTED DISCOUNTED MEMBERSHIPS. THE TECH HOSTS A NUMBER OF COMMUNITY CELEBRATIONS AND MORE THAN 200 RECEPTIONS, EVENTS AND PARTIES. THE TECH'S STAFF AND OVER 300 VOLUNTEERS PROVIDE INTERPRETATION SERVICES FOR THE PERMANENT GALLERIES AND TRAVELING EXHIBITS. THEY ALSO ASSIST VISITORS WITH TICKETING, CHOOSING PROGRAMS AND EDUCATIONAL OPPORTUNITIES SUCH AS IMAX FILM PRESENTATIONS. 12611907 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 44 0 1 151 1 1 1 0 0 0 0 0 0 1 1 0 X 40 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X THE ORGANIZATION 4087956116 201 SOUTH MARKET STREET SAN JOSE CA 95113 TIM RITCHIE PRESIDENT & CEO/DIRECTOR 40.00 X X 272395 0 0 ANN BOWERS DIRECTOR 3.00 X 0 0 0 EDWARD CANNIZZARO BOARD TREASURER 2.00 X X 0 0 0 DANIEL WARMENHOVEN BOARD VICE CHAIR 2.00 X X 0 0 0 ROGER QUINLAN BOARD SECRETARY 1.00 X X 0 0 0 MANNY BARBARA DIRECTOR 0.50 X 0 0 0 JAMES BARRESE DIRECTOR 0.50 X 0 0 0 HARRY BLOUNT DIRECTOR 0.30 X 0 0 0 SALLY BOURGOIN DIRECTOR 1.00 X 0 0 0 CHRIS BOYD DIRECTOR 1.00 X 0 0 0 CHUCK BOYNTON DIRECTOR 0.40 X 0 0 0 TERESA BRIGGS DIRECTOR 0.50 X 0 0 0 BLAIR CHRISTIE DIRECTOR 0.50 X 0 0 0 DAVID CORTESE DIRECTOR 0.50 X 0 0 0 DAVID CRAWFORD DIRECTOR 1.00 X 0 0 0 JAMES DEICHEN DIRECTOR 4.00 X 0 0 0 CHRISTOPHER DIGIORGIO BOARD CHAIR 4.00 X X 0 0 0 JOSEPH FABRIS DIRECTOR 1.00 X 0 0 0 ROBERT GRIMM DIRECTOR 3.40 X 0 0 0 WILLIAM HEIL DIRECTOR 0.50 X 0 0 0 GERALD HELD DIRECTOR 2.00 X 0 0 0 DAVE HOUSE DIRECTOR 0.30 X 0 0 0 JOE KAVA DIRECTOR 1.00 X 0 0 0 CATHY KIMBALL DIRECTOR 0.50 X 0 0 0 RANDY KREZIN DIRECTOR 0.50 X 0 0 0 DAN'L LEWIN DIRECTOR 0.50 X 0 0 0 BILL MAY DIRECTOR 1.00 X 0 0 0 SMITH MCKEITHEN DIRECTOR 0.50 X 0 0 0 JAMI NACHTSHEIM DIRECTOR 1.20 X 0 0 0 OMKARAM NALAMASU DIRECTOR 0.50 X 0 0 0 STUART PANN DIRECTOR 0.30 X 0 0 0 DANIEL PEREZ DIRECTOR 1.00 X 0 0 0 FRANK QUATTRONE DIRECTOR 1.00 X 0 0 0 PETER RELAN DIRECTOR 0.20 X 0 0 0 ARCHANA SATHAYE DIRECTOR 0.50 X 0 0 0 JUDY SWANSON DIRECTOR 0.50 X 0 0 0 JIM VANIDES DIRECTOR 0.50 X 0 0 0 JOHN VITALIE DIRECTOR 0.30 X 0 0 0 KENNETH WASHINGTON DIRECTOR 1.00 X 0 0 0 STEVE YOUNG DIRECTOR 0.50 X 0 0 0 HARVARD SUNG CFO 40.00 X X 109827 0 0 VINOD MEHTA DIRECTOR 1.00 X 0 0 0 LATH CARLSON VP EXHIBITS 40.00 X 170052 0 0 MARIA PAPPAS VP DEVELOPMENT 40.00 X 158932 0 0 BILL BAILOR VP OPERATIONS 40.00 X 141566 0 4400 DAVID WHITMAN VP TECH AWARDS 40.00 X 128604 0 10000 ELIZABETH WILLIAMS FORMER VP MARKETING 40.00 X 118795 0 4800 1100171 0 19200 7 1 1 0 RICHARD KING 201 S MARKET STREET SAN JOSE CA 95113 FUNDRAISING-THE TECH AWARDS 249991 1 2054155 1149750 5365727 349930 8569632 ADMISSIONS AND FEES 611710 4342839 4342839 IMAX TICKET SALES 900099 951081 767669 183412 FACILITY RENTAL 900099 632665 632665 VISITORS SERVICES 900099 526788 526788 STORE REVENUE 453220 387578 387578 6840951 284725 284725 3122493 2998028 145000 124465 -145000 -20535 -20535 500782 2054155 417359 83423 83423 15758196 6657539 183412 347613 125000 125000 75000 75000 300000 300000 836199 185592 485555 165052 5175821 3913846 776486 485489 574420 390294 122314 61812 424255 289833 88706 45716 22735 22735 121020 121020 43806 43806 466650 314303 21529 130818 556519 331609 224519 391 741221 604910 86664 49647 245946 243025 2921 1797844 1540242 164903 92699 266305 209632 42040 14633 29387 22790 3458 3139 10693 8293 1258 1142 1469281 1373645 68954 26682 FEES AND SERVICES 1178447 1011622 165357 1468 TECH AWARDS 802301 802301 BUILDING AND EQUIPMENT 654253 581837 38342 34074 BANKCARD FEES 122221 122221 329089 165912 25171 138006 16368413 12611907 2502817 1253689 49685 69201 2221472 5263525 12100086 9091946 1314857 50276 208857 216168 28900545 21635187 6465188 7265358 17625957 20001294 20000 21189388 21056751 61175490 63034519 1189071 1258562 385097 578653 1574168 1837215 X 5799794 8148336 41085822 40333262 12715706 12715706 59601322 61197304 61175490 63034519 X -610217 2338836 -132637 0 X X 0 1 X 1 0 X 8983577 6996214 21690550 11124299 8569632 57364272 1298939 1292636 1285955 1278871 1271363 6427764 10282516 8288850 22976505 12403170 9840995 63792036 25004379 38787657 318803 297488 277593 261599 284725 1440208 65232244 21530379 0.59460 0.66990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13758673 1867525 15626198 12715706 1042967 13758673 12715706 12715706 12685706 30000 12715706 12675167 10539 12685706 1.00000 0 0 10246417 8617773 1628644 4717052 3845051 872001 13937076 9172363 4764713 7265358 EQUITY FUNDS 13593794 F VENTURE CAPITAL FUNDS & PARTNERSHIPS 1171474 F CERTIFICATES OF DEPOSIT 5236026 F 20001294 CITY OF SAN JOSE LEASE 21056751 21056751 X 20808631 2338836 2338046 4676882 16131749 43806 -417359 -373553 15758196 19212649 2470683 2470683 16741966 43806 -417359 -373553 16368413 PART V, LINE 4: THE INTENDED USE OF THE TECH'S ENDOWMENT FUNDS ARE TO PROVIDE A DEPENDABLE AND GROWING SOURCE OF FUNDING FOR THE SUPPORT OF OPERATION, SPECIAL PROGRAMS, AND CAPITAL IMPROVEMENT OF THE TECH MUSEUM. PART X, LINE 2: THE ORGANIZATION APPLIES THE PROVISIONS SET FORTH IN FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION TOPIC 740 TO ACCOUNT FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION ASSESSED ALL INCOME TAX POSITIONS TAKEN WHERE THE STATUTE OF LIMITATIONS REMAINED OPEN. THE ORGANIZATION BELIEVES THAT ITS TAX FILING POSITIONS WILL BE SUSTAINED UPON TAX EXAMINATIONS; THEREFORE, NO LIABILITY FOR UNRECOGNIZED INCOME TAX BENEFITS HAS BEEN RECORDED AT JUNE 30, 2014. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT INCREASES OR DECREASES TO UNRECOGNIZED INCOME TAX BENEFITS DURING THE NEXT 12 MONTHS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF TECH AWARD EXPENSES -417,359. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF TECH AWARD EXPENSES -417,359. 1 0 0 0 0 0 0 0 0 0 MEXICO CASH PRIZE - UNRESTRICTED 75000 WIRE USD NIGERIA CASH PRIZE - UNRESTRICTED 25000 WIRE USD 0 2 CASH PRIZE INDIA 1 75000 WIRE USD CASH PRIZE NIGERIA 1 25000 WIRE USD CASH PRIZE NETHERLANDS 1 75000 WIRE USD CASH PRIZE MEXICO 1 25000 WIRE USD 0 0 0 0 0 0 PART I, LINE 2: THE TECH MAKES ANNUAL AWARDS IN CONJUNCTION WITH ITS ANNUAL GALA. THE PURPOSE OF THE TECH AWARDS IS TO HONOR TECHNOLOGISTS, EDUCATORS, SCIENTISTS AND ENTREPENEURS WHO USE TECHNOLOGY TO IMPROVE OUR WORLD. EACH NOMINEE ELIGIBLE FOR AN AWARD IS VETTED IN ACCORDANCE WITH THE IRS REGULATIONS AND APPLICABLE GUIDANCE TO ENSURE COMPLIANCE WITH THE RULES AND REGULATIONS FOR MAKING INTERNATIONAL AWARDS. X X X X X X X 1 RICHARD KING 201 S MARKET STREET SAN JOSE CA 95113 FUNDRAISING - THE TECH AWARDS 0 2804928 249991 2554937 2804928 249991 2554937 CA THE TECH AWARDS 2554937 2054155 500782 9529 407830 2554937 2054155 500782 9529 407830 417359 83423 1 POTENTIAL ENERGY 2150 ALLSTON WAY SUITE 300 BERKELEY CA 94702 261321043 75000 CASH PRIZE TECH AWARDS D-REV DESIGN FOR THE OTHER NINETY PERCENT 695 MINNESOTA ST SAN FRANCISCO CA 94107 260642778 25000 CASH PRIZE TECH AWARDS WORLD WIDE WORKSHOP 113 W 78TH STREET SUITE 3 NEW YORK NY 10024 371787342 25000 CASH PRIZE TECH AWARDS 0 3 CASH PRIZE 1 75000 PART I, LINE 2: THE TECH MAKES ANNUAL AWARDS IN CONJUNCTION WITH ITS ANNUAL GALA. THE PURPOSE OF THE TECH AWARDS IS TO HONOR TECHNOLOGISTS, EDUCATORS, SCIENTISTS AND ENTREPENEURS WHO USE TECHNOLOGY TO IMPROVE OUR WORLD. EACH NOMINEE ELIGIBLE FOR AN AWARD IS VETTED IN ACCORDANCE WITH THE IRS REGULATIONS AND APPLICABLE GUIDANCE TO ENSURE COMPLIANCE WITH THE RULES AND REGULATIONS FOR MAKING DOMESTIC AWARDS. X X 0 0 0 0 0 0 0 0 0 TIM RITCHIE PRESIDENT & CEO/DIRECTOR 272395 0 0 0 0 0 0 0 0 0 272395 0 0 0 LATH CARLSON VP EXHIBITS 170052 0 0 0 0 0 0 0 0 0 170052 0 0 0 MARIA PAPPAS VP DEVELOPMENT 158932 0 0 0 0 0 0 0 0 0 158932 0 0 0 ELIZABETH WILLIAMS FORMER VP MARKETING 118795 0 0 0 0 0 0 0 4800 0 123595 0 0 0 X OTHER GOODS 28 159482 FMV X FOOD 14 69352 FMV X WINE 29 45153 FMV X ELECTRONICS 13 28513 FMV X TRAVEL 8 28023 FMV X ENTERTAINMENT 38 19307 X EQUIPMENT 1 100 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE RETURNS. ALL BOARD MEMBERS ARE SENT A FINAL DRAFT OF THE RETURNS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, EACH CORPORATE OFFICER, THE HIGHEST RANKING OR CHIEF MANAGEMENT OFFICIAL, THE HIGHEST RANKING OR CHIEF FINANCIAL OFFICER, EACH KEY EMPLOYEE OF THE TECH, AND OTHERS THAT THE TECH MUSEUM MAY IDENTIFY, IS REQUIRED TO SIGN A STATEMENT THAT: 1) AFFIRMS THE PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTOOD THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY; AND 2) DISCLOSES THE PERSON'S INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. ALL SUCH STATEMENTS BY DIRECTORS AND OFFICERS ARE REQUIRED TO BE FILED WITH THE RECORDS THE BOARD OR COMMITTEE; STATEMENTS BY OTHERS SHALL BE RETAINED IN THEIR PERSONNEL FILES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE APPROVES COMPENSATION FOR THE CEO AND CFO, AND PERIODICALLY CONDUCTS AND OR REVIEWS COMPENSATION COMPARISONS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES THESE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS.