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Tax Status Governance Fund Raising Financial

Name:	Louisville Science Center
Address:	727 West Main Street
	Louisville, KY 40202
Phone:	502-561-6100
Web Address:	www.louisvillescience.org

Louisville Science Center meets the 20 Standards for Charity Accountability.

Already recognized as a leader in inquiry-based learning, the Louisville Science Center is advancing a science literacy campaign to encourage people of all ages to explore science in everyday life. The Science Center has a rich history, from its founding as a “cabinet of curiosities” in the Public Library System of Kentucky in 1871 to its current status as the region’s leading resource for informal science education. Boasting at one time little more than an Egyptian mummy and a 16,000-piece mineral collection, the Science Center is now the largest hands-on science center in Kentucky, with about 150 interactive exhibits and activity stations, teaching laboratories, educational programs, the states only four-story IMAX Theatre, and distance learning capabilities. Through interactive exhibits and engaging programs for children, families and adults, the Louisville Science Center is committed to growing a scientifically literate community that investigates, questions, and challenges. Programs for students and teachers correspond to the core curriculum areas of physical, natural and life sciences that are treated in the Science Center’s permanent exhibits. Over the past year, the Science Center had increased partnerships and enhanced programmatic efforts and offerings, including seasonal Family Science Drop-In events, science camps, the introduction of a new Science Education Wing and an overall ramped up commitment to science literacy.

For the fiscal year ended June 30, 2009, Louisville Science Center's program expenses were:

Depreciation - IMAX and exhibits	929,023
Exhibits	707,327
Facilities	677,453
Marketing	558,852
Educational programs	455,251
IMAX Theatre	411,961
Visitor services	255,473
Gift shop	167,203
Membership	48,118
Rentals	5,476
Total Program Expenses:	$4,216,137

Chief Executive : Joanna E. Haas, Executive Director

Compensation*:

Chair of the Board: William Strench
Chair's Profession / Business Affiliation: Attorney

Board Size: 35

Paid Staff Size: 61

Method(s) Used:

Fund raising methods include direct mail, telephone, invitations to fund raising events, grant proposals, internet, and memberships.

Fund raising costs were 8% of related contributions. (Related contributions, which totaled $1,673,958, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on the Louisville Science Center’s audited financial statements for the year that ended June 30, 2009. Net assets as reported below include $8,765,072 in unrestricted net assets, $667,082 in temporarily restricted net assets, and $407,507 in permanently restricted net assets. Assets include $8,647,922 invested in property and equipment, net.

Source of Funds
Corporate/Private Support	943,141
City Government	906,000
Admissions	895,443
State/Federal Grants	653,428
School groups/programs	470,777
Memberships	410,751
Gift Shop	208,069
Parking	181,138
Rentals	113,929
Fund raising event - net	46,929
Contributed Services/Property	30,460
Concessions	17,605
Interest/Investment Income	6,559
Other Income	4,620
Net gain/(loss) on investments	-79,337
Total Income	$4,809,512

Uses of Funds as a % of Total Expenses

Programs: 78%  Fund Raising: 3%  Administrative: 19%  Other Expenses: Less than 1%

Total income				$4,809,512
	Program expenses			$4,216,137
	Fund raising expenses			135,177
	Administrative expenses			1,000,921
	Other Expenses			2,800
Total expenses				$5,355,035
Expenses in Excess of Income				(545,523)
Beginning net assets				10,385,184
Ending net assets				9,839,661
Total liabilities				359,797
Total assets				$10,199,458