2013-03-26T16:37:45-05:00 2012-06-30 941341042 FRANK RIMERMAN & CO LLP 1801 PAGE MILL ROAD PALO ALTO CA 94304 990 2011-07-01 942864660 THE TECH MUSEUM OF INNOVATION TECH 4087956116 201 SOUTH MARKET STREET SAN JOSE CA 95113 TIM RITCHIE 4087956116 2013-03-15 1 MICHAEL J YATES P00701936 6508458100 2011 2016-02-25 16:41:14Z TIM RITCHIE 201 SOUTH MARKET STREET SAN JOSE CA 95113 26137146 0 X WWW.THETECH.ORG X 1983 CA TO OPERATE A WORLD CLASS SCIENCE MUSEUM. 40 39 98 346 625553 -322882 6180346 21690550 4541420 2734253 300899 277593 -434888 -459836 10587777 24242560 0 0 0 0 5086577 4700279 0 0 744103 7028783 7058675 12115360 11758954 -1527583 12483606 46359264 58528107 1021139 1041683 45338125 57486424 X TO INSPIRE THE INNOVATOR IN EVERYONE. THE TECH MUSEUM DOES THIS WITH EXHIBITS AND PROGRAMS THAT FEATURE THE SPIRIT OF SILICON VALLEY, INSPIRING THE PEOPLE AND INVENTIONS THAT MAKE THIS REGION THE LEADING SOURCE OF INNOVATION. 0 0 6489631 1609885 THE TECH MUSEUM ASPIRES TO BRING TOGETHER, IN ITS 130,000 SQUARE FOOT EXHIBITION FACILITY, THE TECHNOLOGICAL BREAKTHROUGHS THAT ARE TRANSFORMING OUR LIVES. WITH OVER 200 INTERACTIVE EXHIBITS, AND STANDARDS-BASED EDUCATIONAL IMAX FILMS, THIS SPACE WELCOMES ON AVERAGE 500,000 VISITORS ANNUALLY, INCLUDING OVER 120,000 FROM LOCAL K-12 SCHOOLS, TO ENGAGE IN SCIENCE AND TECHNOLOGY EXPERIENCES THAT EDUCATE, INFORM, PROVOKE THOUGHT AND INSPIRE ACTION. ADDITIONALLY, THE TECH MUSEUM HOSTS TWO ANNUAL SIGNATURE PROGRAMS: (1) THE TECH CHALLENGE - A TEAM COMPETITION THAT INSPIRES OVER 1000+ STUDENTS IN GRADES 5-12 TO DESIGN, BUILD, DOCUMENT AND TEST DEVICES THAT SOLVE A REAL WORLD PROBLEM, AND (2) THE TECH AWARDS - AN INTERNATIONAL PROGRAM THAT IDENTIFIES AND HONORS TECHNOLOGICAL SOLUTIONS TO HUMANITY'S MOST PRESSING PROBLEMS, WITH OVER 700 NOMINATIONS OF INDIVIDUALS AND ORGANIZATIONS FROM 70+ COUNTRIES. THE LAUREATES ARE CELEBRATED AT AN ANNUAL AWARDS GALA, WHICH HAS BECOME A SIGNIFICANT SILICON VALLEY EVENT. 985757 108145 THE TECH MUSEUM OFFERS AN ARRAY OF STANDARDS-BASED SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) EDUCATION PROGRAMS AS A YEAR-ROUND SECOND CLASSROOM WHICH INCLUDES 8 HANDS-ON SCIENCE LABS, SUMMER CAMPS, BILINGUAL WEEKEND WORKSHOPS, AFTER-SCHOOL PROGRAMS, AND THE TECH CHALLENGE PROGRAM. ALL OF THESE PROGRAMS MEET OR REINFORCE CALIFORNIA'S STEM EDUCATION STANDARDS. APPROXIMATELY 120,000 CALIFORNIA STUDENTS K-12 VISITED THE REGULAR MUSEUM GALLERIES THROUGH OUR FREE 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 DEEPER ENGAGEMENT WITH SCIENCE AND TECHNOLOGY: NEARLY 46,000 SAW AN EDUCATIONAL IMAX FILM AND 19,300 STUDENTS PARTICIPATED IN 90-MINUTE LABS LED BY TRAINED INSTRUCTORS. THE TECH MUSEUM REACHES OUT TO DIFFERENT ETHNIC AND SOCIOECONOMIC COMMUNITIES TO INTRODUCE STUDENTS NOT ONLY TO STEM CONCEPTS, BUT ALSO TO THE THRILL OF HANDS-ON LEARNING AND REAL-WORLD DESIGN. 1629218 390670 MORE THAN 15,000 MEMBERS HELP SUPPORT THE MUSEUM, INCLUDING MORE THAN 8,500 LOCAL EDUCATORS WHO ARE GRANTED COMPLEMENTARY MEMBERSHIPS. THE TECH MUSEUM HOSTS A NUMBER OF COMMUNITY CELEBRATIONS AND MORE THAN 200 RECEPTIONS, EVENTS AND PARTIES. BECAUSE OF LOCAL SPONSOR SUPPORT, THE TECH MUSEUM OFFERS FREE ADMISSION ON THE SECOND SUNDAY OF EACH MONTH. THE TECH MUSEUM'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 ASSESSING EDUCATIONAL OPPORTUNITIES SUCH AS IMAX FILM PRESENTATIONS. 9104606 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 0 0 0 1 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 42 0 1 98 1 1 1 0 0 0 0 0 0 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 40.00 X X 68750 0 0 ANN BOWERS 4.00 X X 0 0 0 EDWARD CANNIZZARO 2.00 X X 0 0 0 DANIEL WARMENHOVEN 2.00 X X 0 0 0 ROGER QUINLAN 1.00 X X 0 0 0 MANNY BARBARA 0.50 X 0 0 0 HARRY BLOUNT 1.00 X 0 0 0 SALLY BOURGOIN 2.00 X 0 0 0 CHUCK BOYNTON 0.50 X 0 0 0 TERESA BRIGGS 0.40 X 0 0 0 BLAIR CHRISTIE 0.50 X 0 0 0 DAVID CORTESE 0.50 X 0 0 0 DAVID CRAWFORD 0.50 X 0 0 0 JAMES DEICHEN 2.50 X 0 0 0 CHRISTOPHER DIGIORGIO 1.00 X 0 0 0 JOSEPH FABRIS 1.00 X 0 0 0 JEFF FERRIER 1.00 X 0 0 0 ROBERT GRIMM 3.40 X 0 0 0 MICHAEL HACKWORTH 20.00 X 0 0 0 WILLIAM HEIL 0.50 X 0 0 0 GERALD HELD 2.00 X 0 0 0 DAVE HOUSE 0.30 X 0 0 0 JOE KAVA 1.00 X 0 0 0 KATHY KIMBALL 0.50 X 0 0 0 RANDY KREZIN 0.50 X 0 0 0 DAN'L LEWIN 1.00 X 0 0 0 BILL MAY 1.00 X 0 0 0 SMITH MCKEITHEN 1.00 X 0 0 0 JAMI NACHTSHEIM 1.20 X 0 0 0 OMKARAM NALAMASU 1.00 X 0 0 0 STUART PANN 1.00 X 0 0 0 DANIEL PEREZ 2.00 X 0 0 0 FRANK QUATTRONE 1.00 X 0 0 0 PETER RELAN 0.50 X 0 0 0 TINA SEELIG 0.50 X 0 0 0 JUDY SWANSON 0.30 X 0 0 0 JIM VANIDES 0.50 X 0 0 0 JOHN VITALIE 0.50 X 0 0 0 KENNETH WASHINGTON 0.50 X 0 0 0 STEVE YOUNG 0.50 X 0 0 0 NARESH KAPAHI 40.00 X X X 156000 0 0 BILL BAILOR 40.00 X 140400 0 0 ALANA CONNOR SNIBBE 40.00 X 105728 0 0 ELIZABETH WILLIAMS 40.00 X 126719 0 0 DAVID WHITMAN 40.00 X 121833 0 0 PETER FREISS 40.00 X 259542 0 0 GEORGE LEAR 40.00 X 109932 0 0 1088904 0 0 7 1 1 0 RICHARD KING 201 S MARKET STREET SAN JOSE CA 95113 FUNDRAISING-THE TECH AWARDS 265107 1 1945625 1105000 18639925 749229 21690550 ADMISSIONS AND FEES 611710 1154950 1154950 IMAX TICKET SALES 900099 625553 625553 VISITORS SERVICES 900099 390670 390670 FACILITY RENTAL 900099 377426 377426 STORE REVENUE 453220 185654 185654 2734253 277275 277275 900318 900000 318 318 318 534750 1945625 994586 -459836 -459836 24242560 2108700 625553 -182243 332657 60272 245414 26971 3838986 2899738 585872 353376 229401 161715 44896 22790 299235 216205 53480 29550 12397 12397 120225 120225 60185 60185 446215 173117 153098 120000 546855 287662 255413 3780 561558 463312 51324 46922 286148 286148 1252766 1168809 53190 30767 168209 127830 35667 4712 1172313 1096495 54156 21662 TECH AWARDS 722986 722986 FEES AND SERVICES 682422 550864 129122 2436 OTHER EXPENSES 380197 249568 49492 81137 RETIREMENT OF EXHIBITS 352224 352224 293975 287661 6314 11758954 9104606 1910245 744103 43972 51376 352106 1646648 1419506 12864356 1126854 2051971 205772 303250 27258665 21905167 5732342 5353498 16046150 14942491 21432562 21314517 46359264 58528107 682100 708842 339039 332841 1021139 1041683 X 5864507 4701977 26757912 40068741 12715706 12715706 45338125 57486424 46359264 58528107 X 12483606 -335307 X X 0 1 1 X 0 X 11577669 11117707 8983577 6996214 21690550 60365717 1404000 1304886 1298939 1292636 1285955 6586416 12981669 12422593 10282516 8288850 22976505 66952133 16391111 50561022 459289 381718 318803 297488 277593 1734891 68687024 23299112 0.73610 0.88430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12715706 12715706 12685706 30000 12715706 12675167 10539 12685706 0 0 9966579 7256955 2709624 4645980 3880526 765454 12646106 10767686 1878420 5353498 EQUITY FUNDS 11486557 F VENTURE CAPITAL FUNDS & PARTNERSHIPS 910041 F CERTIFICATES OF DEPOSIT 2545893 F 14942491 CITY OF SAN JOSE LEASE 21314517 21314517 24242560 11758954 12483606 -217262 -118045 -335307 12148299 27155739 -217262 1285955 1115416 2184109 24971630 60185 -789255 -729070 24242560 15007440 1404000 1115416 2519416 12488024 60185 -789255 -729070 11758954 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION MAY REDEEM 5% OF THE THREE-YEAR ROLLING AVERAGE OF THE ENDOWMENT PORTFOLIO VALUE. THIS AMOUNT CAN ONLY BE RELEASED IF AND WHEN THE ENDOWMENT VALUATION EXCEEDS PAR BY AN EQUAL OR GREATER AMOUNT. CFO PROVIDES THE CALCULATION OF FUNDS TO BE REDEEMED AND THE INVESTMENT COMMITTEE CHAIR AUTHORIZES THE INVESTMENT HOLDING TO WIRE QUALIFIED FUNDS TO THE TECH MUSEUM BANK ACCOUNT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 LIMITATION 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, 2012. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT INCREASES OR DECREASES TO UNRECOGNIZED INCOME TAX BENEFITS DURING THE NEXT 12 MONTHS. PART XI, LINE 8 - OTHER ADJUSTMENTS: IN-KIND CONTRIBUTIONS - REPORTED AS INCOME 1,115,416. IN-KIND CONTRIBUTIONS - REPORTED AS EXPENSES -1,115,416. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND CONTRIBUTIONS 1,115,416. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF TECH AWARD EXPENSES -789,255. PART XIII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND CONTRIBUTIONS 1,115,416. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF TECH AWARD EXPENSES -789,255. 1 0 0 0 0 0 0 0 0 0 X INDIA PRIZE FOR THE TECH AWARDS 50000 WIRE FMV 0 1 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE TECH MUSEUM MAKES ANNUAL AWARDS IN CONJUNCTION WITH ITS ANNUAL TECH AWARDS 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 2480375 265107 2215268 2480375 265107 2215268 CA THE TECH AWARDS 2480375 1945625 534750 209753 784833 2480375 1945625 534750 209753 784833 994586 -459836 1 WE CARE SOLAR 3009 HILLEGASS AVE BERKELEY CA 94705 300627106 501(C)(3) 50000 FMV PRIZE FOR THE TECH AWARDS PARTICIPATORY CULTURE FOUNDATION PO BOX 55071 20335 BOSTON CA 02205 022630593 501(C)(3) 50000 FMV PRIZE FOR THE TECH AWARDS UNIVERSITY OF COLORADO FOUNDATION 4740 WALNUT STREET BOULDER CA 80301 846049811 501(C)(3) 50000 FMV PRIZE FOR THE TECH AWARDS THE RESOURCE FOUNDATION 237 WEST 35TH STREET SUITE 1203 NEW YORK CA 10001 133421446 501(C)(3) 50000 FMV PRIZE FOR THE TECH AWARDS 4 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE TECH MUSEUM MAKES ANNUAL AWARDS IN CONJUNCTION WITH ITS ANNUAL TECH AWARDS 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 1 0 0 0 0 0 0 0 0 NARESH KAPAHI 156000 0 0 0 0 0 0 0 0 0 156000 0 0 0 PETER FREISS 107042 0 0 0 152500 0 0 0 0 0 259542 0 0 0 GEORGE LEAR 51599 0 0 0 58333 0 0 0 0 0 109932 0 0 0 PART I, LINE 4A PART I, LINE 4A: PETER FRIESS RECEIVED SEVERANCE PAY IN THE AMOUNT OF $152,500 DURING THE MONTHS OF APRIL 2011 - SEPTEMBER 2011. GEORGE LEAR RECEIVED SEVERANCE PAY IN THE AMOUNT OF $58,333 DURING THE MONTHS OF MARCH 2011 - SEPTEMBER 2011. BOTH OF THE ABOVE AMOUNTS WERE DISCLOSED IN PART III, SCHEDULE J OF THE FORM 990 FOR THE FISCAL YEAR ENDED JUNE 30, 2011, THE FISCAL YEAR IN WHICH THE OBLIGATIONS TO PAY SUCH AMOUNTS ACCRUED. THEY ARE ALSO REFLECTED IN THIS FORM 990 FOR THE FISCAL YEAR ENDED JUNE 30, 2012 BECAUSE SUCH RESPECTIVE AMOUNTS WERE REPORTED AS INCOME TO MESSRS. FRIESS AND LEAR IN THE CALENDAR YEAR THAT ENDED DURING SUCH FISCAL YEAR, I.E., THE CALENDAR YEAR ENDING DECEMBER 31, 2011. X ADVERTISING 6 209091 FMV X ELECTRONICS 4 632 FMV X ENTERTAINMENT 21 16377 FMV X EQUIPMENT 7 379005 FMV X FOOD 3 956 FMV X TRAVEL 5 5011 FMV X WINE 10 40629 FMV X OTHER GOODS 21 97529 FMV 0 0 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 MUSEUM, 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. THE ORGANIZATION PERIODICALLY CONDUCTS A SALARY COMPARISON. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -217,262. DONATED SERVICES AND USE OF FACILITIES: -118,045. IN-KIND CONTRIBUTIONS - REPORTED AS INCOME 1,115,416. IN-KIND CONTRIBUTIONS - REPORTED AS EXPENSES -1,115,416. TOTAL TO FORM 990, PART XI, LINE 5: -335,307. 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.