2011-05-06T11:02:36-05:00 2010-06-30 Robert Lee & Associates LLP 226 Airport Parkway Suite 350 San Jose CA 95110 990 2009-07-01 942864660 The Tech Museum of Innovation TECH 4087956116 201 South Market Street San Jose CA 95113 Naresh Kapahi 4087956116 2011-04-20 1 Robert A Lee 4088556770 2009 2016-02-24 21:20:13Z peter friess 201 South Market Street San Jose CA 95113 15666814 0 X www.thetech.org X 1983 CA To operate a world class science museum. 39 38 193 750 748485 -26113 11857487 8435296 4023142 3899206 283934 314270 -1010885 67144 15153678 12715916 0 0 5693096 5133077 0 1638043 11223323 8315913 16916419 13448990 -1762741 -733074 43352902 45804520 1057912 1627724 42294990 44176796 To engage people of all ages and backgrounds in science and technology experiences that educate, inform, provoke thought, and inspire action. 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. To provide these stimulating experiences, The Tech Museum actively partners with educators and companies in Silicon Valley. 0 0 6581439 2346785 The Tech Museum operates a 130,000 square foot exhibition facility with seven permanent galleries. Each year, this space welcomes a total of 530,000 visitors from local K-12 schools (120,000) and the general public (410,000) to engage in science and technology experiences that educate, inform, provoke thought, and inspire action. The museum offers not only more than 200 interactive exhibits, but also 10 hands-on science labs, weekend programs, after-school activities, and standards-based educational IMAX films. Additionally, The Tech Museum hosts two annual signature programs: (1) The Tech Challenge- A team competition that inspires 1,000+ students in grades 5 through 12 to design and build devices that solve a real-world problem (such as the garbage gyre in the North Pacific), and (2) The Tech Awards - An international program that identifies and honors technological solutions to humanity's most pressing problems. Every year, The Tech Awards program receives over 700 nominations of individuals and organizations from 70+ countries, and announces winners in five categories at an annual awards gala, which has become a major Silicon Valley event. 2547376 92633 The Tech Museum offers an array of standards-based science, technology, engineering, and math (STEM) education programs, including labs, summer camps, bilingual weekend workshops, after-school programs, and The Tech Challenge program. Making up The Tech Museum's Year-Round Second Classroom, our labs, camps, workshops, and programs are aligned with California's STEM education standards. They also use design challenge learning strategies, whereby students explore real-world problems in depth, and then work together in teams that follow scientific and engineering methods to prototype solutions. The Tech Challenge likewise offers design challenge learning that complies with California STEM standards. This signature program invites teams of students in grades 5-12 to design, build, document, test, and present a solution to a real-world problem. For the past 24 years, The Tech Challenge has reached 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. 384122 1062531 The Tech Museum's staff and volunteers welcome over 500,000 visitors annually and provide multilingual 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. More than 15,000 members help support the museum, including more than 5,000 local educators. The Membership Department hosts more than 200 birthday parties and community celebrations annually. Additionally, the Special Events team hosts more than 200 corporate receptions, events, and parties. Because of support from a local sponsor, The Tech Museum offers free admission on the second Sunday of each month. 9512937 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 73 0 1 193 1 1 1 0 0 0 0 0 0 0 0 39 38 1 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 Peter Friess 40.00 X X X X 369963 0 0 Ann S Bowers 4.00 X X 0 0 0 Edward G Cannizzaro 2.00 X X 0 0 0 Daniel J Warmenhoven 2.00 X X 0 0 0 Roger J Quinlan 1.00 X X 0 0 0 Terry L Austen 0.50 X 0 0 0 Harry E Blunt 1.00 X 0 0 0 Sally Hazard Bourgoin 2.00 X 0 0 0 Teresa Briggs 0.40 X 0 0 0 Blair Christie 0.50 X 0 0 0 David S Crawford 0.50 X 0 0 0 James C Deichen 2.50 X 0 0 0 Christopher S DiGiorgio 1.00 X 0 0 0 Jon R Duane 1.60 X 0 0 0 Joseph W Fabris 1.00 X 0 0 0 Robert A Grimm 3.40 X 0 0 0 William W Heil Jr 0.50 X 0 0 0 Gerald D Held 2.00 X 0 0 0 Dave House 0.30 X 0 0 0 Lydia Johnson 0.50 X 0 0 0 Ken Jones 0.30 X 0 0 0 Michael Klayko 0.50 X 0 0 0 Dan'l Lewin 1.00 X 0 0 0 Reynold H Lewke 1.00 X 0 0 0 Bill B May 1.00 X 0 0 0 R L Smith McKeithen 1.00 X 0 0 0 Philip McKinney 0.50 X 0 0 0 Steven E Moore 1.00 X 0 0 0 Jami Dover Nachtsheim 1.20 X 0 0 0 Stuart C Pann 1.00 X 0 0 0 Daniel Perez 2.00 X 0 0 0 Marilyn M Pratt 3.20 X 0 0 0 James T Ryder 0.80 X 0 0 0 Hans Stork 0.50 X 0 0 0 Judy C Swanson 0.30 X 0 0 0 John Vitalie 0.50 X 0 0 0 J Steven Young 0.50 X 0 0 0 Bailor Bill 40.00 X X 145784 0 0 Kapahi Naresh 40.00 X X 126229 0 0 Williams Elizabeth 40.00 X X 129793 0 0 Flaherty Carol 40.00 X 195225 0 0 Fisher William 40.00 X 104975 0 0 Camargo Carlos 40.00 X 104202 0 0 Michael L Hackworth 2.00 X 0 0 0 Frank P Quattrone 0.50 X 0 0 0 1176171 0 0 7 0 1 0 king richard 201 s market street san jose CA 95113 Fundraising - The Tech Awards 264000 binner Bridgit 145 w san carlos street san jose CA 95113 Rebranding 161100 2 2756000 5679296 8435296 admissions and fees 900099 3150721 3150721 imax ticket sales 900099 748485 748485 3899206 318803 318803 2114000 2118533 -4533 -4533 -4533 548281 2756000 785763 -237482 -237482 351228 46602 304626 304626 12715916 3455347 748485 76788 1438926 733546 302469 402911 2961328 2237984 308333 415011 408876 354536 17627 36713 323947 223768 42828 57351 30499 30499 174537 174537 35013 35013 1775459 1040803 649525 85131 462859 426170 36689 378307 97905 74445 205957 128983 128983 1603838 1603838 63285 14936 21285 27064 2110 1755 230 125 996 996 1090372 985931 48700 55741 59502 59502 IMax related expenses 774598 774598 utilities (including ph 590290 583608 6682 purchased services 567386 565751 1635 public relations 47120 350 46770 530759 164995 97184 268580 13448990 9512937 2298010 1638043 33913 55118 1147708 931395 292053 1209909 1465275 1679340 469315 278453 43250461 37747565 5987581 5502896 3105632 3781893 9202437 10821589 21648988 21543927 43352902 45804520 763092 1154321 294820 473403 1057912 1627724 X 4372759 3877520 25247064 27613570 12675167 12685706 42294990 44176796 43352902 45804520 X 0 1 1 X 0 X 8042408 8871655 11577669 11117707 8983577 48593016 1404000 1404000 1404000 1304886 1572367 7089253 9446408 10275655 12981669 12422593 10555944 55682269 1831384 53850885 302897 607988 459289 381718 318803 2070695 748485 748485 58501449 4539929 0.92050 0.95200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12675167 10539 12685706 1.00000 0 0 10007454 6480703 3526751 8221294 8087233 134061 25021713 23179629 1842084 5502896 equity funds 10312931 F venture capital funds 508658 F 10821589 city of san jose lease 21543927 21543927 12715916 13448990 -733074 1042513 1572367 2614880 1881806 16163161 1042513 1572367 832365 3447245 12715916 0 12715916 14281355 832365 832365 13448990 0 13448990 Part X: Description of Uncertain Tax Positions Under FIN 48: The Tech evaluates its uncertain tax positions and will recognize a loss contingency when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. As of June 30, 2010 management did not identify any uncertain tax positions. Part XII, Line 2d - Other Adjustments: Fundraising direct expenses from Form 990, Part VIII, Line 8b : 785763. Inventory cost of goods sold from Form 990, Part VIII, Line 10b: 46602. Part XIII, Line 2d - Other Adjustments: Fundraising direct expenses from Form 990, Part VIII, Line 8b : 785763. Inventory cost of goods sold from Form 990, Part VIII, Line 10b: 46602. Schedule D, Part VI, Line 1e: Other property consists of the Tech Challenge Exhibit and construction-in-progress for various other exhibits. 1 0 0 0 Randburg, South Africa Prize for "The Tech Awards" 50000 Wire IBADAN, OYO STATE, NIGERIA Prize for "The Tech Awards" 50000 Wire 2 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 awards is to honor technologists, educators, scientists and entrepreneurs 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 Fundraising - The Tech Awards 0 3304251 264000 3040251 3304251 264000 3040251 The tech awards 3304281 2756000 548281 250000 10238 525525 3304281 2756000 548281 250000 10238 525525 785763 -237482 X X 0 0 0 0 0 0 0 0 0 Peter Friess 335000 0 30000 0 4963 0 0 0 0 0 369963 0 0 371624 Flaherty Carol 194129 0 0 0 1096 0 0 0 0 0 195225 0 0 139443 BIRGIT BINNER SPOUSE OF President 161100 REBRANDING CONSULTING 0 X 67500 FMV X DNA/bacteria 1 50000 FMV X Newspaper ads 1 16500 FMV X Software and DVD's 1 15000 FMV X Gift certificates 2 24500 FMV X Equipment 1 8000 FMV 0 0 0 Form 990, Part VI, Section A, line 2 Birgit Binner, consultant for TG2B, is the wife of the President, Peter Friess. Form 990, Part VI, Section B, line 11 Audit Committee to review draft and the full Board is sent a final draft before 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 other that The Tech Museum may identify, shall annually sign a statement that: 1) Affirms that the person has received a copy of this 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 shall be filed with the minutes of the meetings of 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 vice president of each department. The organization periodically conducts a salary comparison. Form 990, Part VI, Section C, line 18 Own website and upon request. Form 990, Part VI, Section C, line 19 Own website and upon request. form 990, part xi, line 2c, financial statements and reporting: The Organization's process for overseeing the audit of the financial statements and selection of an independent accountant has not changed from prior years.