2025-05-14T12:01:18-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2023-07-01 410706172 SCIENCE MUSEUM OF MINNESOTA SCIE 6512219418 120 W KELLOGG BLVD ST PAUL MN 55102 ROBERT DOTY CFO 6512219418 2025-05-12 1 1 KAREN A GRIES P00078514 6128764500 2025-05-12 2023 2025-03-06 01:10:19Z ROBERT DOTY 120 W KELLOGG BLVD ST PAUL MN 55102 49384578 0 X WWW.SMM.ORG X 1907 MN THE SCIENCE MUSEUM OF MINNESOTA ENVISIONS A WORLD IN WHICH EVERYONE HAS THE POWER TO USE SCIENCE TO MAKE LIVES BETTER. THE MUSEUM IS ONE OF THE STATE'S OLDEST AND BEST-KNOWN CULTURAL INSTITUTIONS, WITH A HISTORY DATING BACK TO 1907. THE MUSEUM SERVES HUNDREDS OF THOUSANDS OF PEOPLE EACH YEAR WITH A COMBINATION OF HIGH-QUALITY STEM LEARNING EXPERIENCES, HIGHLY-REGARDED SCIENCE AND RESEARCH PROGRAMS THAT SPAN THE GLOBE, AND A WORLD-CLASS COLLECTION OF NEARLY TWO MILLION FOSSILS, ARTIFACTS, AND CULTURAL OBJECTS THAT SPAN BILLIONS OF YEARS OF EARTH'S HISTORY. THE MUSEUM'S MISSION IS TO TURN ON THE SCIENCE: INSPIRE LEARNING, INFORM POLICY, AND IMPROVE LIVES. 43 42 463 135 1373268 852469 20720325 18363168 12913838 16497596 538736 790552 891703 481121 35064602 36132437 0 0 0 0 20180201 22044923 0 0 3206420 19792090 18993560 39972291 41038483 -4907689 -4906046 119442898 117197007 15504315 13701778 103938583 103495229 X THE MUSEUM'S MISSION STATEMENT IS "TURN ON THE SCIENCE: INSPIRE LEARNING. INFORM POLICY. IMPROVE LIVES." 0 0 13762851 11640495 MUSEUM EXPERIENCES:THE SCIENCE MUSEUM OF MINNESOTA (SMM) IS A PREMIERE ATTRACTION IN DOWNTOWN ST. PAUL THAT ENGAGES HUNDREDS OF THOUSANDS OF VISITORS ANNUALLY IN THE JOY, AND WONDERS, OF SCIENCE, TECHNOLOGY, AND OUR NATURAL WORLD.THOUGH MOST KNOWN FOR OUR EXPANSIVE CAMPUS FULL OF ARTIFACTS, INTERACTIVE EXHIBITS, AND THE ALL-DIGITAL OMNI THEATER, SMM IS ALSO RESPECTED BOTH NATIONALLY AND INTERNATIONALLY FOR OUR STEM EDUCATION PROGRAMMING, WORLD-CLASS SCIENTISTS, AND ADVOCACY FOR A MORE ECOLOGICAL APPROACH TO PUBLIC POLICY. FOR EXAMPLE, OUR ST. CROIX WATERSHED RESEARCH STATION IS CURRENTLY LEADING RESEARCH ON THE IMPACT OF CLIMATE CHANGE, NUTRIENT POLLUTION AND ROAD SALT ON THE HEALTH OF OUR LAKES AND RIVERS. THROUGH THIS WORK, AND IN PARTNERSHIP WITH FEDERAL, INDIGENOUS, AND STATE PARTNERS, WE ARE WORKING TO FIND INNOVATIVE SOLUTIONS TO THE MOST SIGNIFICANT ECOLOGICAL ISSUES FACING OUR WATERSHEDS.MEANWHILE, OUR KITTY ANDERSEN YOUTH SCIENCE CENTER IS AN OFT-EMULATED MODEL FOR HOW TO ENGAGE YOUNG PEOPLE IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH. BY CREATING A PATHWAY FOR STUDENTS TO ADVANCE THROUGH OUR PROGRAMMING FROM THE LITTLEST OF LEARNERS TO THE OLDEST, WE NOT ONLY INSTILL IN YOUNG PEOPLE THE SENSE THAT THEY CAN BECOME SCIENTISTS, BUT ALSO BUILD THE SKILLS REQUIRED TO LAUNCH A MEANINGFUL CAREER.IN FY24, THERE WERE OVER 3.6 MILLION ENGAGEMENTS THROUGH ONSITE, ONLINE, OFFSITE, AND OUTREACH PROGRAMMING IN FY24. - 533,000 WERE DIRECT ENGAGEMENTS OUR AUDIENCE HAD THROUGH FACE-TO-FACE EXPERIENCES AT THE MUSEUM, OUTREACH AT SCHOOLS AND COMMUNITY EVENTS. - THERE WERE 2.4 MILLION DIGITAL ENGAGEMENTS THROUGH CONTENT ON OUR WEBSITE, AS WELL AS THROUGH EMAIL AND SOCIAL MEDIA. 8365222 1421422 STEM EQUITY & EDUCATION:AS ONE OF THE LARGEST PROVIDERS OF INFORMAL SCIENCE EDUCATION THE SCIENCE MUSEUM PROVIDES A HOST OF PROGRAMS TO HELP ADDRESS OPPORTUNITY GAPS IN K-12 STEM EDUCATION AND CONNECT THE DOTS FROM A CHILDHOOD INTEREST IN STEM TO PURSUING ADVANCED EDUCATION AND CAREERS. FY24 CONTINUED TO BUILD ON IN-PERSON PROGRAMMING, WITH ENGAGEMENTS INCREASING, MOST NOTABLY AMONG SCHOOL OUTREACH AND OFF-SITE PROGRAMMING. HERE ARE SOME OF THE K-12 PROGRAMMING HIGHLIGHTS:1. STEM EDUCATION INSTRUCTORS AND SPECIALISTS TRAVELED STATEWIDE TO DELIVER PROGRAMMING LOGGING NEARLY 16,500 MILES, MORE THAN 40,000 ENGAGEMENTS, AND REACHING STUDENTS IN 54 MINNESOTA COUNTIES. PROGRAMMING OCCURRED AS CLOSE AS 1 MILE AWAY IN ST. PAUL AND AS FAR AS 330 MILES AWAY IN EAST GRAND FORKS. THE WILLINGNESS AND CAPABILITY TO TRAVEL REMAINS A UNIQUE PART OF SMM'S EDUCATIONAL PROGRAMMING THAT DIRECTLY SUPPORTS EQUITY AND ACCESS TO STEM PROGRAMMING IN MINNESOTA. 2. THE MUSEUM SUPPORTED 64,000 FIELD TRIP ENGAGEMENTS IN FY24 AND WORKED TO CLARIFY COMMUNICATION PROCESSES WITH SCHOOLS TO IMPROVE THE OVERALL FIELD TRIP EXPERIENCE. 3. THE MUSEUM'S EDUCATION OPPORTUNITY AWARDS FINANCIALLY SUPPORTED ALMOST 10,000 STUDENTS IN FY24. AWARDS CONNECT STUDENTS WITH SCIENCE MUSEUM OF MINNESOTA PROGRAMMING BY PROVIDING FINANCIAL SUPPORT FOR BUSES TO ATTEND FIELD TRIPS AND REDUCED PRICING FOR ASSEMBLIES AND RESIDENCIES. THE EDUCATION OPPORTUNITY AWARDS ALSO SUPPORTED STUDENTS VISITING ON THE SCIENCE IS ALL OF US CELEBRATION DAYS. 4. THE MUSEUM'S IDEAL CENTER DELIVERED PROFESSIONAL DEVELOPMENT FOR EDUCATORS AND REACHED ALMOST 400 K-12 EDUCATORS FROM 12 MINNESOTA COUNTIES IN FY24. 4696373 483516 THE WORK OF THE SCIENCE MUSEUM'S CENTER FOR RESEARCH AND COLLECTIONS (CRC) IS MAKING AN IMPACT. MEMBERS OF THE CENTER OF RESEARCH AND COLLECTIONS (CRC) TURN ON THE SCIENCE BY EXPLORING THE WORLD AROUND US, BRINGING TOGETHER ALL OUR SCIENTIFIC DISCIPLINES (ANTHROPOLOGY, BIOLOGY, COLLECTIONS STEWARDSHIP, PALEONTOLOGY, WATER RESEARCH) TO SYNERGISTICALLY AMPLIFY THE IMPACTS OF OUR RESEARCH, AND PARTNERING WITH DEPARTMENTS ACROSS THE MUSEUM TO SHARE THESE IMPACTS WITH MULTIPLE AUDIENCES. SCIENCE MUSEUM SCIENTISTS ARE IN THE FIELD AND LAB COLLECTING AND ANALYZING SAMPLES AND OBJECTS THAT IMPACT DECISIONS TO IMPROVE WATER QUALITY, TEACH US ABOUT THE WORLD AROUND US, AND CONTRIBUTE TO GLOBAL KNOWLEDGE AND HELP WITH WORKFORCE DEVELOPMENT. OUR STAFF CARE FOR A COLLECTION OF ABOUT TWO MILLION OBJECTS AND THROUGH THEIR RESEARCH LEARN ABOUT THE WORLD AROUND US SO THAT WE CAN MAKE INFORMED DECISIONS MOVING FORWARD. CARING FOR THE MUSEUM'S COLLECTIONS WHILE MAKING THEM ACCESSIBLE TO BROAD AUDIENCES WAS A FOCUS OF FY24. KEY SCIENCE PROJECT IN FY24 INCLUDED1. DIGITIZING THE MUSEUM'S COLLECTIONS IS AN INSTITUTIONAL STRATEGIC PRIORITY. IN FY24 WE CONTINUED TO DIGITIZE RECORDS AND IMAGED OBJECTS THROUGH SEVERAL PROJECTS INCLUDING THE IMLS-FUNDED WANNAGAN CREEK AND CHIAPAS PROJECTS, NSF-FUNDED NEOTOMA PROJECT, LEGACY AMENDMENT COLLECTIONS ACCESS PROJECT, THE MPCA CANNON RIVER PROJECT, LCCMR-FUNDED BIOATLAS, COMMUNITY CURATOR, AND THE PINE NEEDLES ARTIST IN RESIDENCY PROGRAM. IN TOTAL, WE DIGITIZED 5,700 OBJECT CATALOG RECORDS AND ADDED 3,478 IMAGES OF FOSSILS, SEDIMENT CORES, SEEDS, MAYAN TEXTILES, MAMMAL SPECIMENS, AND OBJECTS FROM RECENT ARCHAEOLOGICAL SURVEYS. 2. HOSTING NATIVE AMERICAN COMMUNITY VISITS TO THE COLLECTION FOR CONSULTATIONS AND ELEVATING THE AWARENESS OF OUR COLLECTIONS. IN FY24, WE WORKED WITH DAKOTA AND OJIBWE COMMUNITY MEMBERS, ELDERS, AND TRIBAL HISTORIC PRESERVATION OFFICERS3. COLLECTING AND EXAMINING CRETACEOUS LEAVES TO BUILD TOWARD A NEW CLIMATE STUDY THAT COULD EXTEND MINNESOTA'S CLIMATE DATA AT LEAST 90 MILLION YEARS FURTHER INTO THE PAST. 4. ADDING TO OUR EXISTING FOSSIL COLLECTIONS FROM BOTH SIDES OF THE MASS EXTINCTION EVENT 66 MILLION YEARS AGO. STUDYING THE INVASIVE DIATOM DIDYMOSPHENIA IN STREAMS ALONG THE NORTH SHORE OF LAKE SUPERIOR. 5. UNDERSTANDING HOW HARMFUL ALGAL BLOOMS FORM IN RELATIVELY PRISTINE ECOSYSTEMS LIKE THE BOUNDARY WATERS AND SUPERIOR NATIONAL FOREST. 6. STUDYING THE IMPACTS OF RISING SALT LEVELS IN MINNESOTA LAKES. 7. INVENTORY AND DIGITIZATION OF ETHNOGRAPHIC SEED COLLECTION, FOLLOWING COMMUNITY INTEREST AND FEEDBACK FROM COMMUNITY CONVERSATIONS. 8. INVENTORY AND DIGITIZATION OF TEXTILES AND OTHER ETHNOGRAPHIC COLLECTIONS FROM HIGHLAND MAYA COMMUNITIES OF CHIAPAS, MEXICO, AND WORKING WITH CULTURAL ADVISORS LOCALLY AND IN CHIAPAS TO ENSURE THE RECORDS ARE ACCESSIBLE AND USEFUL FOR MAYA WEAVERS. 9. CONTINUING 20-YEAR PARTNERSHIP WITH THE NATIONAL PARK SERVICE'S GREAT LAKES INVENTORY AND MONITORING NETWORK TO MONITOR WATER QUALITY AND GUIDE AQUATIC RESOURCE MANAGEMENT IN SEVEN UPPER MIDWEST NATIONAL PARK UNITS. 6047828 1947895 OTHER PROGRAM SERVICES INCLUDE UNALLOCATED COSTS INCLUDING COMMUNICATIONS AND MARKETING, VOLUNTEERS, AND EVALUATION AND OTHER ACTIVITIES TO SUPPORT MUSEUM MEMBERS AND VISITORS. 6047828 1947895 32872274 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 181 0 1 463 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 43 42 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MN MI MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X ROBERT A DOTY 6512219418 120 WEST KELLOGG BLVD ST PAUL MN 55102 ALISON BROWN PRESIDENT AND CEO 40.00 X X 572867 0 27290 JESSICA HELLMANN PH D CHAIR 1.00 X X 0 0 0 KENNETH SMITH VICE CHAIR 1.00 X X 0 0 0 FUNLOLA OTUKOYA SECRETARY 1.00 X X 0 0 0 SRI KONERU TREASURER 1.00 X X 0 0 0 SUZANNE RIVERA E&I CHAMPION 1.00 X 0 0 0 VIRGINIA ARTHUR E&I CHAMPION 1.00 X 0 0 0 MELISSA LEICK PAST CHAIR 1.00 X 0 0 0 ADAM FREEMAN TRUSTEE 1.00 X 0 0 0 ADAM MISHLER TRUSTEE 1.00 X 0 0 0 ALENE TCHOURUMOFF TRUSTEE 1.00 X 0 0 0 ANGIE OLSONAWKSI TRUSTEE 1.00 X 0 0 0 ARVIND SHARMA TRUSTEE 1.00 X 0 0 0 BILL DOVE TRUSTEE 1.00 X 0 0 0 BRETT E EDELSON TRUSTEE 1.00 X 0 0 0 BRET HAAKE MD TRUSTEE 1.00 X 0 0 0 CATHERINE SIMPSON TRUSTEE 1.00 X 0 0 0 CHERYL HADAWAY TRUSTEE 1.00 X 0 0 0 CLAUDINE RYDSTRAND TRUSTEE 1.00 X 0 0 0 DON SHELBY TRUSTEE 1.00 X 0 0 0 DRINAL FOSTER TRUSTEE 1.00 X 0 0 0 HOLLY J MORRIS PH D TRUSTEE 1.00 X 0 0 0 JAYSHREE SETH TRUSTEE 1.00 X 0 0 0 JENNIFER LASTINE TRUSTEE 1.00 X 0 0 0 JOHN P BANOVETZ PH D TRUSTEE 1.00 X 0 0 0 KELLY ARONSON TRUSTEE 1.00 X 0 0 0 KIRSTEN STONE TRUSTEE 1.00 X 0 0 0 MAUREEN BAUSCH TRUSTEE 1.00 X 0 0 0 MAY YER THAO TRUSTEE 1.00 X 0 0 0 MEGHAN M BROWN TRUSTEE 1.00 X 0 0 0 MELVIN W CARTER III TRUSTEE 1.00 X 0 0 0 MERCEDES M JACKSON TRUSTEE 1.00 X 0 0 0 MITCH HELGERSON TRUSTEE 1.00 X 0 0 0 PHILIP ROLCHIGO TRUSTEE 1.00 X 0 0 0 PIPER NIETERS SU TRUSTEE 1.00 X 0 0 0 RASSOUL DASTMOZD PH D TRUSTEE 1.00 X 0 0 0 RICH WANG TRUSTEE 1.00 X 0 0 0 SHARON SUND TRUSTEE 1.00 X 0 0 0 TIM CARROLL TRUSTEE 1.00 X 0 0 0 TIM G PETERSON TRUSTEE 1.00 X 0 0 0 TIMOTHY O'BRIEN TRUSTEE 1.00 X 0 0 0 TOM WHALEY TRUSTEE 1.00 X 0 0 0 WILL GEIST TRUSTEE 1.00 X 0 0 0 ROBERT DOTY CFO & VP OF MUSEUM INFRASTRUCTURE 40.00 X 270596 0 18489 JOANNE JONES-RIZZI VP OF SCIENCE, EQUITY, & EDUCATION 40.00 X 267133 0 12244 JULIETTE FRANCIS VP OF MISSION ADVANCEMENT 40.00 X 246827 0 30499 MARK DAHLAGER VP OF MUSEUM EXPERIENCE 40.00 X 263976 0 8546 GENA JOHNSON SR DIRECTOR OF DEVELOP. & MEMBERSHIP 40.00 X 150339 0 6764 LAURIE FINK SR DIRECTOR OF RESEARCH & COLLECTIONS 40.00 X 127065 0 26329 MARY LARSON VP OF MISSION ADVANCEMENT 40.00 X 138133 0 1577 TIM FISCHER SR DIRECTOR OF FINANCE & ACCOUNTING 40.00 X 128794 0 5205 KAREN FOSTERVOLD SR DIRECTOR OF MARKETING & COMM. 40.00 X 124584 0 5683 2290314 0 142626 27 0 1 0 KORN FERRY PO BOX 1414 MINNEAPOLIS MN 554801414 CONSULTING SERVICES 421553 EQUULEUS COMMUNITY SOLAR GARDENS 601 EAST ATLANIC AVENUE SUITE 250 DELRAY BEACH FL 33483 SOLAR 178444 LAW OFFICES OF CHRISTINE CASPERS 7050 KENMARE DRIVE BLOOMINGTON MN 55438 LAW SERVICES 161863 LATHROP GPM LLP 2345 GRAND BLVD SUITE 220 KANSAS CITY MO 64108 LAW SERVICES 119867 IHEARTMEDIA 3964 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 ADVERTISING 109607 5 13918829 4444339 12084 18363168 FILM/EXHIBIT RENTAL AN 713990 6747890 6747890 ADMISSIONS AND FEES 713990 6566871 6566871 MEMBERSHIPS 713990 1816011 1816011 PARKING RAMP 812930 1366824 500699 866125 16497596 973417 754004 219413 250446 131881 118565 118565 118565 12405718 12588583 -182865 -182865 -182865 894233 531677 362556 362556 36132437 15493328 1373268 902673 944875 944875 17359857 13682263 1843390 1834204 383369 298614 44402 40353 2118890 1570807 327109 220974 1237932 942772 167758 127402 419325 419325 57743 57743 170000 170000 122236 122236 3580662 2476120 536832 567710 1669370 1669370 613828 522609 73401 17818 210862 179526 25215 6121 1800134 1532622 215259 52253 802321 725829 49719 26773 63242 57213 3919 2110 202677 198117 2533 2027 5169696 5089113 44768 35815 605212 515273 72371 17568 FABRICATION AND EXHIBIT 2693274 2693274 UBI TAXES PAID 43130 43130 769848 675622 8934 85292 41038483 32872274 4959789 3206420 29650 29650 5456323 1330342 595155 267447 2166654 3210974 221561 249195 436920 451206 210915060 143549072 70865824 67365988 15225881 23356502 23629339 20574040 815591 361663 119442898 117197007 2879674 3431935 962843 2068056 8596315 5509412 3065483 2692375 15504315 13701778 X 69101606 67914129 34836977 35581100 103938583 103495229 119442898 117197007 X -4906046 4314235 148457 X 0 1 X 1 1 1 X 14449032 16093705 14814505 20720325 18363168 84440735 14449032 16093705 14814505 20720325 18363168 84440735 4783541 79657194 584 14593 566868 219413 801458 286888 50861 56483 381598 851915 1627745 2217000 2217000 89086938 63071032 0.89420 0.88850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PROCEEDS FROM CONSERVATION EASEMENT - 2021 AMOUNT: $ 2,217,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 170000 0 0 170000 0 PART II-B, LINE 1: THE SCIENCE MUSEUM OF MINNESOTA ENGAGED A MINNESOTA GOVERNMENT RELATIONS FIRM TO REPRESENT THE MUSEUM'S INTEREST TO THE MINNESOTA LEGISLATURE AS WELL AS A NATIONAL GOVERNMENT RELATIONS FIRM TO REPRESENT THE MUSEUM'S INTEREST ON A NATIONAL LEVEL. X X 1 67.00 1 1 80.00 5000 X X X X 0 41979058 190539 4800349 3627687 43342259 41242677 3355577 3272280 5891476 41979058 47638287 2349131 -5252243 3492498 41242677 40694499 449149 10894844 4400205 47638287 44874751 287607 285137 4752996 40694499 0.24210 0.48420 0.27370 0 0 2429155 2429155 122509630 66244860 56264770 2197102 1103730 1093372 11004138 6437279 4566859 72775035 69763203 3011832 67365988 ALTERNATIVE INVESTMENTS - COMMINGLED FUNDS 15808616 F ALTERNATIVE INVESTMENTS - HEDGE FUNDS 2156811 F ALTERNATIVE INVESTMENTS - PRIVATE EQUITY 2608613 F 20574040 INTEREST RATE SWAP LIABILITY 280576 ANNUITY OBLIGATIONS 85907 CAPITAL LEASE 325892 LINE OF CREDIT PAYABLE 2000000 2692375 X 41136451 4314235 812015 5126250 36010201 122236 122236 36132437 41579805 663558 663558 40916247 122236 122236 41038483 PART II, LINE 5: WRITTEN POLICIES ARE IN PLACE REGARDING MONITORING, INSPECTING, RESPONDING TO VIOLATIONS AND ENFORCING CONSERVATION EASEMENTS. OUR EASEMENTS CONTAIN PROVISIONS GRANTING US THE RIGHT OF ACCESS TO THE PROPERTY FOR PURPOSES OF INSPECTING THE EASEMENT. THE POLICY REGARDING RESPONSE TO VIOLATIONS AND ENFORCEMENT SET FORTH PROCEDURES REGARDING THE IDENTIFICATION, DOCUMENTATION, AND CLASSIFICATION OF RESPONSES TO EASEMENT VIOLATIONS. IT ALSO INCLUDES A PROCESS FOR ADDRESSING VIOLATIONS. PART II, LINE 9: THE MUSEUM DOES NOT RECORD ANY VALUE FOR CONSERVATION EASEMENTS IN ITS REVENUE AND EXPENSE STATEMENT OR BALANCE SHEET. PART III, LINE 1A: THE MUSEUM'S COLLECTIONS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTIONS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY RESTRICTED NET ASSETS IF A DONOR MAKES A CONTRIBUTION INTENDED TO FUND THE SUBSEQUENT PURCHASE OF COLLECTIONS. CONTRIBUTIONS OF COLLECTIONS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PART III, LINE 4: THE SCIENCE MUSEUM OF MINNESOTA HAS A COLLECTION OF NEARLY TWO MILLION ARTIFACTS AND SPECIMENS FROM THE DISCIPLINES OF ANTHROPOLOGY, BIOLOGY, PALEONTOLOGY AND GEOLOGY. THESE OBJECTS ARE USED AS THE BASIS FOR RESEARCH AND SCHOLARLY PUBLICATIONS BY SCIENCE MUSEUM CURATORS, AS WELL AS VISITING SCIENTISTS. THE COLLECTIONS ENABLE COLLABORATION WITH OTHER MEMBERS OF THE SCIENTIFIC COMMUNITY THROUGH LOANS AND TRADES OF CASTS AND SPECIMENS WITH OTHER INSTITUTIONS. THE MUSEUM'S STEWARDSHIP OF THIS COLLECTION ENSURES THE PHYSICAL INTEGRITY OF ITS INDIVIDUAL PIECES, AS WELL AS PREPARING ARTIFACTS AND SPECIMENS FOR PUBLIC EXHIBITION. PART V, LINE 4: THE MUSEUM TYPICALLY SPENDS 4-6% OF THE ENDOWMENT'S ASSETS EVERY YEAR TO FUND GENERAL OPERATIONS OF THE MUSEUM OR DONOR SPECIFIED PURPOSES WHICH ARE ALIGNED WITH THE MISSION OF THE MUSEUM. ANY EXCESS EARNINGS ARE REINVESTED TO AUGMENT THE ENDOWMENT AND TO COMPENSATE FOR INFLATION AND RECESSIONS IN FUTURE YEARS. PART X, LINE 2: THE MUSEUM HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING PROVISION OF STATE LAW. ACCORDINGLY, THE MUSEUM IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, THE MUSEUM RECORDED TAX PAYABLES OF $160,078 AND $103,114, RESPECTIVELY. DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, THE MUSEUM INCURRED UNRELATED BUSINESS INCOME RELATING TO THEIR ALTERNATIVE INVESTMENTS. AS A RESULT, THE MUSEUM HAS RECORDED INCOME TAX EXPENSE OF $144,930 AND $44,042 FOR THE YEARS ENDED JUNE 30, 2024 AND 2023 RESPECTIVELY, WHICH HAS BEEN NETTED AGAINST INVESTMENT INCOME IN THE ACCOMPANYING STATEMENT OF ACTIVITIES. THE MUSEUM FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE MUSEUM FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. THE MUSEUM'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 28,921. UNREALIZED GAIN ON INTEREST RATE SWAPS 92,756. CHANGE IN SPLIT INTEREST AGREEMENTS 26,780. MUSEUM STORE DIRECT EXPENSES 531,677. DIRECT RENTAL PROPERTY EXPENSES 131,881. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL PROPERTY EXPENSES 131,881. MUSEUM STORE DIRECT EXPENSES 531,677. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 2156811 EUROPE 0 0 INVESTMENTS 137739 0 0 0 0 0 0 2294550 0 2294550 0 0 1 1 1 0 PART I, LINE 3: ACCRUAL METHOD PART IV, LINE 1: THE MUSEUM HAS DIRECTLY INVESTED IN FOREIGN CORPORATIONS AND FILED THE REQUIRED FORMS 926 FOR THE TAX YEAR. PART IV, LINE 3: THE MUSEUM HAS DIRECTLY INVESTED IN FOREIGN CORPORATIONS. HOWEVER, THE MUSEUM DOES NOT MEET THE FILING REQUIREMENTS OF FILING FORM 5471 FOR THE TAX YEAR. PART IV, LINE 4: THE MUSEUM INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE MUSEUM TO FILE AN ADDITIONAL 8621. X X X X X 0 0 0 0 0 0 0 0 0 ALISON BROWN PRESIDENT AND CEO 413410 0 137747 0 21710 0 13200 0 14090 0 600157 0 0 0 ROBERT DOTY CFO & VP OF MUSEUM INFRASTRUCTURE 226391 0 42300 0 1905 0 3438 0 15051 0 289085 0 0 0 JOANNE JONES-RIZZI VP OF SCIENCE, EQUITY, & EDUCATION 221202 0 39600 0 6331 0 10384 0 1860 0 279377 0 0 0 JULIETTE FRANCIS VP OF MISSION ADVANCEMENT 207012 0 39566 0 249 0 9243 0 21256 0 277326 0 0 0 MARK DAHLAGER VP OF MUSEUM EXPERIENCE 221086 0 39600 0 3290 0 6096 0 2450 0 272522 0 0 0 GENA JOHNSON SR DIRECTOR OF DEVELOP. & MEMBERSHIP 150201 0 0 0 138 0 0 0 6764 0 157103 0 0 0 LAURIE FINK SR DIRECTOR OF RESEARCH & COLLECTION 126683 0 0 0 382 0 5563 0 20766 0 153394 0 0 0 A HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF ST PAUL MN 521440935 2020-04-01 13900000 REFINANCE, DIRECT PURCHASE 0 0 0 A 8300000 13900000 11900000 2000000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 1 US BANK 7.000000000000 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1A THE BYLAWS OF THE SCIENCE MUSEUM OF MINNESOTA SECTION 5.2 STATES "THE BOARD OF TRUSTEES MAY DESIGNATE AN EXECUTIVE COMMITTEE COMPOSED OF AT LEAST THREE TRUSTEES DESIGNATED BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE GOVERNANCE OF THE BUSINESS OF THIS CORPORATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, AND THE EXECUTIVE COMMITTEE SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF TRUSTEES." FORM 990, PART VI, SECTION B, LINE 11B THE SCIENCE MUSEUM OF MINNESOTA'S FORM 990 IS MADE AVAILABLE TO THE MUSEUM'S BOARD OF TRUSTEES. THE BOARD OF TRUSTEES HAS DELEGATED AUTHORITY FOR THE REVIEW AND APPROVAL OF THE FORM 990 TO THE MUSEUM'S AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS VALIDATED ON AN ANNUAL BASIS FOR BOARD MEMBERS AND SENIOR STAFF. THE POLICY COVERS BOTH THE RESPONSIBLE PERSON AND ANY FAMILY MEMBERS. PRIOR TO ANY TRANSACTION INVOLVING A CONFLICT OF INTEREST, SENIOR STAFF OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR THE PURPOSES OF THE VOTES. SUCH A PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER. AN EMPLOYEE WHO IS NOT A MEMBER OF THE BOARD OF TRUSTEES OF THE SCIENCE MUSEUM OF MINNESOTA SHALL DISCLOSE TO HIS/HER SUPERVISOR ANY CONFLICT OF INTEREST THAT SUCH EMPLOYEE HAS WITH RESPECT TO A CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE MADE AS SOON AS THE CONFLICT OF INTEREST IS KNOWN TO THE EMPLOYEE. EMPLOYEES SHALL REFRAIN FROM ANY ACTION THAT MAY INFLUENCE THE SCIENCE MUSEUM OF MINNESOTA'S PARTICIPATION IN SUCH CONTRACT OF TRANSACTION. DURING THE FISCAL YEAR THE BOARD OF TRUSTEES DID NOT REPORT ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE AND COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. ANNUALLY THE COMMITTEE REVIEWS AND REPORTS ON THE CEO'S PERFORMANCE AGAINST OBJECTIVES AND RECOMMENDS THE CEO'S COMPENSATION TO THE BOARD OF TRUSTEES WHO APPROVE. PERIODICALLY THE SCIENCE MUSEUM CONTRACTS WITH AN EXTERNAL COMPENSATION CONSULTANT TO EVALUATE ALL BENCHMARK POSITIONS, INCLUDING THE CEO, AND REVIEWS COMPARATIVES OF A SELECTED PEER GROUP. COMPARATIVE MARKET DATA IS A BLEND OF NON-PROFIT AND FOR-PROFIT ORGANIZATIONS LOCALLY, REGIONALLY OR NATIONALLY. THE LAST COMPENSATION REVIEW PROCESS WAS HELD IN OCTOBER 2022. ANNUALLY THE CEO REVIEWS THE OFFICERS' PERFORMANCE AGAINST OBJECTIVES AND DETERMINES COMPENSATION. PERIODICALLY THE SCIENCE MUSEUM CONTRACTS WITH AN EXTERNAL COMPENSATION CONSULTANT TO EVALUATE ALL BENCHMARK POSITIONS, INCLUDING OFFICERS, AND REVIEWS COMPARATIVES OF A SELECTED PEER GROUP. COMPARATIVE MARKET DATA IS A BLEND OF NON-PROFIT AND FOR-PROFIT ORGANIZATIONS LOCALLY, REGIONALLY OR NATIONALLY. FORM 990, PART VI, SECTION C, LINE 18 THE PUBLIC INSPECTION COPY OF THE MOST RECENT FORM 990 AND THE MOST RECENT AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. THE PUBLIC INSPECTION COPIES OF FORM 990-T AND 1023, GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE MOST RECENT AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 28,921. UNREALIZED GAIN ON INTEREST RATE SWAPS 92,756. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 26,780.