2023-07-31T15:22:12-04:00 2022-12-31 880374623 HOULDSWORTH RUSSO & COMPANY PC 8675 S EASTERN AVE STE A LAS VEGAS NV 89123 990 2022-01-01 611474845 THE NEVADA DISCOVERY MUSEUM NEVA 7757861000 490 S CENTER ST RENO NV 89501 MAT SINCLAIR PRESIDENT & CEO 7753985902 2023-07-31 true MAT SINCLAIR 999009999 true JESSICA P SAYLES P01530213 7022699992 2023-07-31 2022 2023-04-26 12:10:37Z THE TERRY LEE WELLS NEVADA DISCOVER MAT SINCLAIR 490 S CENTER ST RENO NV 89501 4192335 false X WWW.NVDM.ORG X 2004 NV INSPIRING CURIOSITY, CREATIVITY, AND THE JOY OF LIFE LONG LEARNING. 10 10 84 48 3162 1195 1664861 2138611 923444 1710106 693 1883 96263 118303 2685261 3968903 0 0 1289996 1804634 0 309975 1404713 1975690 2694709 3780324 -9448 188579 13732048 13526623 1337921 967071 12394127 12559552 EDUCATING CHILDREN AND ADULTS THROUGH INTERACTIVE HANDS-ON EXHIBITS AND EDUCATIONAL PROGRAMMING. false false 2754203 1710106 THE NEVADA DISCOVERY MUSEUM DBA THE TERRY LEE WELLS NEVADA DISCOVERY MUSEUM, (THE DISCOVERY) IS A NONPROFIT EDUCATIONAL INSTITUTION FOUNDED IN 2004 TO INSPIRE CURIOSITY, CREATIVITY, AND THE JOY OF LIFELONG LEARNING. THE DISCOVERY CREATES INTEREST AND ENGAGEMENT IN SCIENCE FOR ALL, THROUGH UNIQUE, HANDS-ON PROGRAMS AND EXHIBITS. THE DISCOVERY CREATES LEARNING EXPERIENCES THAT RANGE FROM SIMPLE CURIOSITY TO DEEP UNDERSTANDING, EMPOWERING A COMMUNITY OF CRITICAL THINKERS. SINCE SEPTEMBER 2011, THE DISCOVERY HAS QUICKLY BECOME A VALUED EDUCATIONAL RESOURCE FOR OUR REGION AND A CULTURAL ATTRACTION FOR TOURISTS. THE DISCOVERY HAS WELCOMED MORE THAN 1.4 MILLION VISITORS SINCE OPENING THE DOORS TO ITS VISITORS. 2754203 true true false false false false false false false true true false false false false true true false false false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 22 0 true 84 true true true false false false false true true false false false false false false X 10 10 false false false false false false false true false false false true true true true true true true false false X MAT SINCLAIR 7757861000 490 SOUTH CENTER STREET RENO NV 89501 MAT SINCLAIR PRESIDENT & 40.00 X X 186291 0 20928 SEEMA DONAHOE DIRECTOR 1.00 X 0 0 0 MICHAEL HEATH SECRETARY 1.00 X X 0 0 0 JAY KARPEN DIRECTOR 1.00 X 0 0 0 STACY KENDALL BOARD CHAIR 1.00 X X 0 0 0 KYLE MCCANN TREASURER 1.00 X X 0 0 0 SARAH PORTER DIRECTOR 1.00 X 0 0 0 REBECCA REYES DIRECTOR 1.00 X 0 0 0 PARKER STREMMEL DIRECTOR 1.00 X 0 0 0 AUSTIN SWEET DIRECTOR 1.00 X 0 0 0 ALLISON WILLIAMS DIRECTOR 1.00 X 0 0 0 186291 20928 1 false true false 46704 1090080 1001827 57117 2138611 ADMISSIONS 712110 669457 669457 EDUCATIONAL PROGRAMS 611710 629078 629078 MEMBERSHIPS 712110 325319 325319 FACILITY RENTAL 712110 86252 86252 1710106 1883 1883 55152 46704 71511 -16359 -16359 281907 151921 129986 3162 126824 MISCELLANEOUS 712110 4676 4676 4676 3968903 1714782 3162 112348 207219 145053 31083 31083 1363117 881200 288696 193221 109624 70587 23541 15496 124674 81399 25479 17796 27300 27300 198177 183896 11509 2772 138742 114892 23729 121 298710 190278 92939 15493 78958 40303 33692 4963 344206 297078 45369 1759 52846 30716 22130 27755 27755 723811 694859 14476 14476 46457 842 44774 841 DONOR CULTIVATION 15487 1719 1929 11839 PROFESSIONAL DEVELOPMENT 14452 13369 1083 TAXES AND LICENSES 8789 8012 662 115 3780324 2754203 716146 309975 192285 534794 1268131 1139190 21791 2500 30210 51450 99205 29911 21542248 9932494 11929054 11609754 191372 159024 13732048 13526623 268401 170677 222871 369983 485138 426411 331330 30181 1337921 967071 X 10855411 11527038 1538716 1032514 12394127 12559552 13732048 13526623 188579 -23154 X false true X true false X 1480589 901912 1478255 1664861 2138611 7664228 1480589 901912 1478255 1664861 2138611 7664228 674764 6989464 70212 78918 19444 57085 1883 227542 6478 607 2447 2195 11727 29476 41019 51876 275786 398157 8301654 6514265 0.84190 0.68860 X PART II, LINE 10 122,371 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 191372 -23154 168218 123778 50000 17594 191372 99410 10000 14368 123778 80291 5000 14119 99410 56436 26237 -2382 80291 0.10000 0.74000 0.16000 false false 1292849 1292849 12266080 4626437 7639643 7528787 5306057 2222730 454532 454532 11609754 X 3956469 -23154 10720 -12434 3968903 3968903 3791044 10720 10720 3780324 3780324 SCHEDULE D, PAGE 2, PART V, LINE 4 ALL EARNED PROCEEDS FROM THE ENDOWMENT ARE REINVESTED INTO THE CORPUS OF THE FUNDS IN ORDER TO GROW THE TOTAL FUND BALANCE. ONCE EARNINGS ARE SIGNIFICANT ENOUGH TO MAKE A NOTICEABLE IMPACT ON THE BUDGET, THE BOARD WILL DESIGNATE THE USE OF SAID FUNDS TO OFFSET EXISTING GENERAL OPERATING EXPENSES. SCHEDULE D, PAGE 3, PART X THE MUSEUM IS ORGANIZED AS NEVADA NONPROFIT CORPORATIONS AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION, AND HAVE BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE MUSEUM IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE MUSEUM IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE MUSEUM FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. MANAGEMENT BELIEVES THAT THE MUSEUM HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. CHEMISTRY OF TH 101856 46704 55152 1140 31377 1600 37394 101856 46704 55152 1140 31377 1600 37394 71511 -16359 X false false false false false false false false false MAT SINCLAIR PRESIDENT & CEO 181062 5229 20928 207219 X SUPPLIES 250 57117 FAIR MARKET VALUE false true false FORM 990, PAGE 6, PART VI, LINE 8B THERE ARE NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS EMBEDDED IN ARTICLE XII OF THE MUSEUM'S BYLAWS. DIRECTORS AND OFFICERS ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT THAT THEY HAVE READ AND UNDERSTAND THE POLICY. DIRECTORS AND OFFICERS ARE HELD RESPONSIBLE FOR ENFORCING ITS RULES. DIRECTORS AND OFFICERS ARE ENCOURAGED TO DISCUSS OPENLY ANY POTENTIAL CONFLICTS OF INTEREST. APPROVING TRANSACTIONS INVOLVING CONFLICTS OF INTEREST MUST BE MADE BY THE AFFIRMATIVE VOTE OF A MAJORITY. A RECORD OF THE TRANSACTION IS MEMORIALIZED IN THE MINUTES. FORM 990, PAGE 6, PART VI, LINE 15A CURRENTLY, THE PROCESS FOR DETERMINING COMPENSATION IS HANDLED BY THE FINANCE AND THE EXECUTIVE COMMITTEES. THESE COMMITTEES RELY ON OPEN DISCUSSIONS, PERSONAL KNOWLEDGE, AND OTHER RESOURCES TO HELP DETERMINE THE APPROPRIATE COMPENSATION LEVEL FOR EACH EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 19 THE DISCOVERY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.