Cosmosphere INC FY2023 filing

Tax-deductible

Hutchinson, KS501(c)(3)Since 1965Arts & CultureEIN 48-6120520Revenue $5.4M in FY2023

On file with the IRScosmo.org1100 N Plum St, 67501-1418 · Hutchinson, KSTax-exempt since May 1965Publicly supported charity — 170(b)(1)(A)(vi)

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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.
77¢ of each $1 spent went to programs.
$157K 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

FY2023 · 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$157K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
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
$2.4M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.4M
+21% vs prior year
Spent
$5.4M
To programs
77%
Net assets
$11.5M
By yearFY2020–FY2024
Revenue
$5.4M
FY2023▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$6.0M
FY2022$4.5M
FY2023$5.4M
FY2024$6.6M
Expenses
$5.4M
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.2M
FY2021$5.1M
FY2022$5.0M
FY2023$5.4M
FY2024$5.3M
Net assets
$11.5M
FY2023▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.5M
FY2021$11.1M
FY2022$10.0M
FY2023$11.5M
FY2024$12.0M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

77 cents of each dollar spent went to programs.

Program services 77% · $4.2M Management & general 20% · $1.1M Fundraising 3% · $163K

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

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Who runs it and what they're paid

14 people listed on the 990; $157K paid to officers and key staff.

Part VII, Section A · reportable compensation
C.e.o.
$156,835Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (hcc Rep)
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 · $4.2M · in their own filed words · FY2023
01

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

$4.2Mprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$1.8M
Other incomeLn 4–11$912K
Money outPt IX
$5.4M
Ln 25
Programscol B$4.2M
Managementcol C$1.1M
Fundraisingcol D$163K
Owns and owesPt X
$11.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$13.9M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$2.1M
Noncash giftsLn 1g$10K
Fundraising eventsLn 1c$31K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$45K
Other incomeLn 4–11$912K
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$6.7M
Other assetsLn 15$4.4M
Total assetsLn 16$13.9M
LiabilitiesLn 26$2.4M
Net assetsLn 32$11.5M
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 FY23End FY23
Cash and savingsLn 1–2$699K$1.5M
Land, buildings, equipmentLn 10c$6.3M$6.7M
Total assetsLn 16$11.4M$13.9M
LiabilitiesLn 26$1.4M$2.4M
Net assetsLn 32$10.0M$11.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$175K$17K$140K$17K
Other salaries and wagesLn 7$1.9M$1.5M$377K$77K
Other employee benefitsLn 9$328K$231K$82K$15K
Legal feesLn 11b$27K$27K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$115K$4K$111K
RoyaltiesLn 15$64K$64K
TravelLn 17$94K$59K$34K$537
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$895K$871K$19K$4K
InsuranceLn 23$143K$124K$17K$2K
Other expenses (24a–d)Ln 24$1.3M$1.2M$123K$40K
All other expensesLn 24e$248K$145K$95K$8K
Total functional expensesLn 25$5.4M$4.2M$1.1M$163K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.6M$5.3M$1.3M$12.0M 990 PDF
FY2023 Viewing $5.4M$5.4M$19K$11.5M 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $5,411,038 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,010,692$2,673,545
I-9 Program service revenuePrior year $1,634,007$1,780,758
I-10 Investment incomePrior year $7,956$45,120
I-11 Other revenuePrior year $802,935$911,615
I-12 Total revenuePrior year $4,455,590$5,411,038
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,273,657$2,417,040
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,767,557$2,974,645
I-18 Total expensesPrior year $5,041,214$5,391,685
I-19 Revenue less expensesPrior year −$585,624$19,353
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,411,038 across 12 lines filed
Lines not itemized here account for $334,606 of total revenue; see the IRS return.
VIII-1b Membership dues$165,483
VIII-1c Fundraising events$31,245
VIII-1d Related organizations$85,588
VIII-1e Government grants$2,062,693
VIII-1f All other contributions, gifts and grants$328,536
VIII-1g Noncash contributions (included above)$10,420
VIII-1h Total contributions, gifts and grants$2,673,545
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,780,758$1,780,758
VIII-3 Investment incomeExcluded from tax $45,120$45,120
VIII-8 Net income from fundraising eventsExcluded from tax −$34,706−$34,706
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $611,715$611,715
VIII-12 Total revenueRelated to mission $2,727,079 · Unrelated business $0 · Excluded from tax $10,414$5,411,038
Part IX · Statement of functional expenses $5,391,685 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $17,464 · Management $139,710 · Fundraising $17,464$174,638
IX-7 Other salaries and wagesPrograms $1,460,213 · Management $377,073 · Fundraising $77,297$1,914,583
IX-9 Other employee benefitsPrograms $230,805 · Management $81,981 · Fundraising $15,033$327,819
IX-11b Legal feesManagement $26,880$26,880
IX-11c Accounting feesManagement $26,670$26,670
IX-11g Other fees for servicesPrograms $4,267 · Management $111,042$115,309
IX-15 RoyaltiesPrograms $63,537$63,537
IX-17 TravelPrograms $59,443 · Management $33,787 · Fundraising $537$93,767
IX-20 InterestManagement $13,750$13,750
IX-22 Depreciation, depletion and amortizationPrograms $871,474 · Management $19,486 · Fundraising $3,658$894,618
IX-23 InsurancePrograms $124,241 · Management $17,163 · Fundraising $1,668$143,072
IX-24 Other expenses (24a–d)Programs $1,185,862 · Management $123,476 · Fundraising $40,174$1,349,512
IX-24e All other expensesPrograms $145,147 · Management $94,757 · Fundraising $7,626$247,530
IX-25 Total functional expensesPrograms $4,162,453 · Management $1,065,775 · Fundraising $163,457$5,391,685
Part X · Balance sheet $13,851,244 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $698,806$1,483,621
X-4 Accounts receivableStart of year $154,166$993,317
X-8 Inventories for sale or useStart of year $159,358$179,747
X-9 Prepaid expenses and deferred chargesStart of year $82,048$110,538
X-10c Land, buildings and equipment, netStart of year $6,300,727$6,657,177
X-15 Other assetsStart of year $2,971,886$4,426,844
X-16 Total assetsStart of year $11,373,453$13,851,244
X-17 Accounts payable and accrued expensesStart of year $312,387$1,433,469
X-19 Deferred revenueStart of year $430,454$353,132
X-25 Other liabilitiesStart of year $119,821$93,436
X-26 Total liabilitiesStart of year $1,362,662$2,380,037
X-27 Net assets without donor restrictionsStart of year $8,108,553$8,432,078
X-28 Net assets with donor restrictionsStart of year $1,902,238$3,039,129
X-32 Total net assets or fund balancesStart of year $10,010,791$11,471,207
X-33 Total liabilities and net assetsStart of year $11,373,453$13,851,244
Part XI · Reconciliation of net assets $11,471,207 net assets at year end
XI-1 Total revenue$5,411,038
XI-2 Total expenses$5,391,685
XI-3 Revenue less expenses$19,353
XI-4 Net assets at start of year$10,010,791
XI-9 Other changes in net assets$1,441,063
XI-10 Net assets at end of year$11,471,207

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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