Cosmosphere INC FY2022 filing

Tax-deductible

Hutchinson, KS501(c)(3)Since 1965Arts & CultureEIN 48-6120520

To stimulate public interest in the exploration of space by providing information, exhibits, and experiences that are educational and entertaining thru the operation of a public museum and planetarium.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$373K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $396K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$373K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $1.3M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
-26% vs prior year
Spent
$5.0M
To programs
78%
Net assets
$10.0M
By yearFY2020–FY2024
Revenue
$4.5M
FY2022▼ -26%
Revenue by fiscal year
FY2020$4.6M
FY2021$6.0M
FY2022$4.5M
FY2023$5.4M
FY2024$6.6M
Expenses
$5.0M
FY2022▼ -1%
Expenses by fiscal year
FY2020$4.2M
FY2021$5.1M
FY2022$5.0M
FY2023$5.4M
FY2024$5.3M
Net assets
$10.0M
FY2022▼ -10%
Net assets by fiscal year
FY2020$9.5M
FY2021$11.1M
FY2022$10.0M
FY2023$11.5M
FY2024$12.0M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $3.9M Management & general 19% · $965K Fundraising 3% · $165K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

17 people listed on the 990; $373K paid to officers and key staff.

Part VII, Section A · reportable compensation
C.e.o.
$157,851Pt VII · Sec A
$111,601Pt VII · Sec A
Chief Development Officer
$103,886Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Jim Remar’s $170K as C.e.o. is at the 74th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jim Remar$169,954$156,835$157,851$152,590$147,125
Steven Birdsall$101,915—$111,601——
Mimi Merideth——$103,886——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates and entertains the public about space exploration through museum exhibits and planetarium shows.

Provided by the organization

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1 program service account for $3.9M of program spending, described in the organization's own filed words · FY2022.
01

Cosmosphere and space center with exhibits and gift shop serving students and the general public

$3.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 1 grant · $500K · 2021–2021
Cosmosphere FoundationKS · FY2021$500,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$1.6M
Other incomeLn 4–11$803K
Money outPt IX
$5.0M
Ln 25
Programscol B$3.9M
Managementcol C$965K
Fundraisingcol D$165K
Owns and owesPt X
$10.0M
net assets · Ln 32
Cash and savingsLn 1–2$699K
Total assetsLn 16$11.4M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
17
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$1.1M
Noncash giftsLn 1g$20K
Fundraising eventsLn 1c$91K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$8K
Other incomeLn 4–11$803K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
SavingsLn 2$699K
Cash and savings togetherLn 1–2$699K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$6.3M
Other assetsLn 15$3.0M
Total assetsLn 16$11.4M
LiabilitiesLn 26$1.4M
Net assetsLn 32$10.0M
OperationsPt I, VI
EmployeesI 592
VolunteersI 658
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.4M$699K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$6.8M$6.3M
Total assetsLn 16$12.3M$11.4M
LiabilitiesLn 26$1.2M$1.4M
Net assetsLn 32$11.1M$10.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$158K$16K$126K$16K
Other salaries and wagesLn 7$1.8M$1.3M$391K$82K
Other employee benefitsLn 9$308K$212K$81K$15K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$32K$32K
Other fees for servicesLn 11g$70K$70K$599
TravelLn 17$64K$48K$15K$2K
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$856K$832K$20K$4K
InsuranceLn 23$157K$136K$19K$2K
Other expenses (24a–d)Ln 24$1.3M$1.1M$134K$37K
All other expensesLn 24e$283K$159K$118K$7K
Total functional expensesLn 25$5.0M$3.9M$965K$165K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.6M$5.3M$1.3M$12.0M 990 PDF
FY2023 $5.4M$5.4M$19K$11.5M 990 PDF
FY2022 Viewing $4.5M$5.0M−$586K$10.0M 990 PDF
FY2021 $6.0M$5.1M$890K$11.1M 990 PDF
FY2020 $4.6M$4.2M$369K$9.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $4,455,590 across 12 lines filed
Lines not itemized here account for $390,746 of total revenue; see the IRS return.
VIII-1b Membership dues$176,911
VIII-1c Fundraising events$91,135
VIII-1d Related organizations$190,599
VIII-1e Government grants$1,056,625
VIII-1f All other contributions, gifts and grants$495,422
VIII-1g Noncash contributions (included above)$20,330
VIII-1h Total contributions, gifts and grants$2,010,692
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,634,007$1,634,007
VIII-3 Investment incomeExcluded from tax $7,956$7,956
VIII-8 Net income from fundraising eventsExcluded from tax −$42,607−$42,607
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $454,796$454,796
VIII-12 Total revenueRelated to mission $2,479,549 · Unrelated business $0 · Excluded from tax −$34,651$4,455,590
Part IX · Statement of functional expenses $5,041,214 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $15,785 · Management $126,281 · Fundraising $15,785$157,851
IX-7 Other salaries and wagesPrograms $1,335,040 · Management $390,589 · Fundraising $81,847$1,807,476
IX-9 Other employee benefitsPrograms $211,924 · Management $81,089 · Fundraising $15,317$308,330
IX-11b Legal feesManagement $14,204$14,204
IX-11c Accounting feesManagement $32,375$32,375
IX-11g Other fees for servicesPrograms $69,534 · Management $599$70,133
IX-17 TravelPrograms $47,569 · Management $15,052 · Fundraising $1,508$64,129
IX-20 InterestManagement $13,926$13,926
IX-22 Depreciation, depletion and amortizationPrograms $831,880 · Management $19,774 · Fundraising $3,874$855,528
IX-23 InsurancePrograms $135,858 · Management $18,840 · Fundraising $1,938$156,636
IX-24 Other expenses (24a–d)Programs $1,105,651 · Management $134,142 · Fundraising $37,477$1,277,270
IX-24e All other expensesPrograms $158,558 · Management $117,994 · Fundraising $6,804$283,356
IX-25 Total functional expensesPrograms $3,911,799 · Management $964,865 · Fundraising $164,550$5,041,214
Part X · Balance sheet $11,373,453 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,439,766$698,806
X-4 Accounts receivableStart of year $363,050$154,166
X-8 Inventories for sale or useStart of year $168,707$159,358
X-9 Prepaid expenses and deferred chargesStart of year $103,166$82,048
X-10c Land, buildings and equipment, netStart of year $6,848,542$6,300,727
X-11 Publicly traded securities$1,006,462
X-15 Other assetsStart of year $3,353,032$2,971,886
X-16 Total assetsStart of year $12,276,263$11,373,453
X-17 Accounts payable and accrued expensesStart of year $342,388$312,387
X-19 Deferred revenueStart of year $336,492$430,454
X-25 Other liabilitiesStart of year $0$119,821
X-26 Total liabilitiesStart of year $1,178,880$1,362,662
X-27 Net assets without donor restrictionsStart of year $8,854,611$8,108,553
X-28 Net assets with donor restrictionsStart of year $2,242,772$1,902,238
X-32 Total net assets or fund balancesStart of year $11,097,383$10,010,791
X-33 Total liabilities and net assetsStart of year $12,276,263$11,373,453
Part XI · Reconciliation of net assets $10,010,791 net assets at year end
XI-1 Total revenue$4,455,590
XI-2 Total expenses$5,041,214
XI-3 Revenue less expenses−$585,624
XI-4 Net assets at start of year$11,097,383
XI-9 Other changes in net assets−$500,968
XI-10 Net assets at end of year$10,010,791

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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