Edventure INC FY2020 filing

Tax-deductible

Columbia, SC501(c)(3)Since 1994Arts & CultureEIN 57-1013857Revenue $2.6M in FY2020

On file with the IRSedventure.org211 Gervais St, 29201-3067 · Columbia, SCTax-exempt since Jan 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Edventure inspires children, youth, and the adults who care about them to experience the joy of learning.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$406K 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

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $93K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$406K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
Spent
$3.9M
To programs
89%
Net assets
$6.5M
By yearFY2020–FY2025
Revenue
$2.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$1.7M
FY2022$5.2M
FY2023$3.7M
FY2024$3.8M
FY2025$6.3M
Expenses
$3.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.9M
FY2021$3.1M
FY2022$4.0M
FY2023$3.9M
FY2024$3.9M
FY2025$4.1M
Net assets
$6.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.5M
FY2021$5.0M
FY2022$6.2M
FY2023$6.5M
FY2024$6.4M
FY2025$8.7M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1995.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $3.4M Management & general 9% · $334K Fundraising 2% · $93K

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

15 people listed on the 990; $406K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President/CEO
$128,866Pt VII · Sec A
Director of Education
$124,687Pt VII · Sec A
Director of Operations
$68,609Pt VII · Sec A
CFO (beginning 4/1/2019)
$42,940Pt VII · Sec A
CFO (until 2/28/2019)
$40,995Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Andy Marquart’s $173K as President & CEO is at the 75th 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Andy Marquart$172,716$165,619$79,427———
Lisa W Hailey————$132,069$128,866
Lisa Hailey——$2,321$127,255——
Nikole Williams—————$124,687
Fred Mutz$106,001$99,152$79,770$66,031$60,783$42,940
Meredith Timberlake————$71,167$68,609
Tasha Derrick—————$40,995

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

Inspires children and adults to experience the joy of learning through engaging programs.

Questions for Edventure INC

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Provided by the organization

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2 programs · $3.4M · in their own filed words · FY2019
01

Edventure is the largest children's museum in the southeast with three locations in SC (columbia, myrtle beach and hartsville), welcoming over 230,000 visitors a year. The museum's enriching educational programs and exhibits engage visitors through play-based learning, blending literacy, steam education, health nutrition and wellness…

$3.4Mprogram expense
02

When school is not in session, edventure focuses on addressing the "summer learning slide" through its camp edventure program. Annually, camp edventure provides more than 1500 students with academic and nutritional support for full days when schools are not in session.

$5Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$858K
Other incomeLn 4–11$38K
Money outPt IX
$3.9M
Ln 25
Programscol B$3.4M
Managementcol C$334K
Fundraisingcol D$93K
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$755K
Total assetsLn 16$7.7M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
15
listed · VII A
PaidVII A5
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$1.2M
Noncash giftsLn 1g$475
Fees for servicesLn 2g$858K
Other incomeLn 4–11$38K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$755K
Cash and savings togetherLn 1–2$755K
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$214K
Total assetsLn 16$7.7M
LiabilitiesLn 26$1.1M
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 565
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$439K$755K
Land, buildings, equipmentLn 10c$4.0M$3.3M
Total assetsLn 16$8.4M$7.7M
LiabilitiesLn 26$624K$1.1M
Net assetsLn 32$7.8M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$377K$328K$30K$19K
Other salaries and wagesLn 7$1.3M$1.1M$102K$64K
Other employee benefitsLn 9$2K$1K$133$83
Payroll taxesLn 10$154K$134K$12K$8K
Other fees for servicesLn 11g$135K$67K$67K
Advertising and promotionLn 12$294K$294K
Office expensesLn 13$116K$75K$41K
OccupancyLn 16$230K$230K
TravelLn 17$34K$34K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$743K$743K
InsuranceLn 23$204K$204K
Other expenses (24a–d)Ln 24$264K$186K$78K
All other expensesLn 24e$23K$20K$3K
Total functional expensesLn 25$3.9M$3.4M$334K$93K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.3M$4.1M$2.2M$8.7M 990 PDF
FY2024 $3.8M$3.9M−$111K$6.4M 990 PDF
FY2023 $3.7M$3.9M−$138K$6.5M 990 PDF
FY2022 $5.2M$4.0M$1.2M$6.2M 990 PDF
FY2021 $1.7M$3.1M−$1.4M$5.0M 990 PDF
FY2020 Viewing $2.6M$3.9M−$1.3M$6.5M 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 FY2020 990 (6 parts)
Part I · Summary $2,590,017 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,645,613$1,694,347
I-9 Program service revenuePrior year $2,076,549$857,865
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $155,274$37,805
I-12 Total revenuePrior year $3,877,436$2,590,017
I-13 Grants and similar amounts paidPrior year $20,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,578,028$1,812,728
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,617,478$2,044,201
I-18 Total expensesPrior year $5,215,506$3,856,929
I-19 Revenue less expensesPrior year −$1,338,070−$1,266,912
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,590,017 across 9 lines filed
Lines not itemized here account for $32,739 of total revenue; see the IRS return.
VIII-1b Membership dues$275,121
VIII-1e Government grants$1,179,500
VIII-1f All other contributions, gifts and grants$239,726
VIII-1g Noncash contributions (included above)$475
VIII-1h Total contributions, gifts and grants$1,694,347
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $857,865$857,865
VIII-6 Net rental income or lossExcluded from tax −$2,021−$2,021
VIII-8 Net income from fundraising eventsExcluded from tax $7,087$7,087
VIII-12 Total revenueRelated to mission $857,865 · Unrelated business $0 · Excluded from tax $37,805$2,590,017
Part IX · Statement of functional expenses $3,856,929 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $328,311 · Management $30,190 · Fundraising $18,868$377,369
IX-7 Other salaries and wagesPrograms $1,113,138 · Management $102,357 · Fundraising $63,974$1,279,469
IX-9 Other employee benefitsPrograms $1,449 · Management $133 · Fundraising $83$1,665
IX-10 Payroll taxesPrograms $134,176 · Management $12,338 · Fundraising $7,711$154,225
IX-11g Other fees for servicesPrograms $67,253 · Management $67,253$134,506
IX-12 Advertising and promotionPrograms $293,748$293,748
IX-13 Office expensesPrograms $74,882 · Management $41,106$115,988
IX-16 OccupancyPrograms $229,822$229,822
IX-17 TravelPrograms $33,985$33,985
IX-20 InterestManagement $1,989$1,989
IX-22 Depreciation, depletion and amortizationPrograms $743,086$743,086
IX-23 InsurancePrograms $204,161$204,161
IX-24 Other expenses (24a–d)Programs $186,072 · Management $78,181$264,253
IX-24e All other expensesPrograms $20,128 · Fundraising $2,535$22,663
IX-25 Total functional expensesPrograms $3,430,211 · Management $333,547 · Fundraising $93,171$3,856,929
Part X · Balance sheet $7,657,040 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $438,598$754,776
X-3 Pledges and grants receivableStart of year $3,699,550$3,273,785
X-4 Accounts receivableStart of year $27,639$9,423
X-8 Inventories for sale or useStart of year $53,610$38,261
X-9 Prepaid expenses and deferred chargesStart of year $30,427$31,437
X-10c Land, buildings and equipment, netStart of year $3,976,878$3,335,026
X-15 Other assetsStart of year $200,424$214,332
X-16 Total assetsStart of year $8,427,126$7,657,040
X-17 Accounts payable and accrued expensesStart of year $186,855$115,274
X-19 Deferred revenueStart of year $202,058$111,030
X-24 Unsecured notes and loans payable$425,000
X-25 Other liabilitiesStart of year $235,355$249,790
X-26 Total liabilitiesStart of year $624,268$1,121,094
X-27 Net assets without donor restrictionsStart of year $3,889,163$2,593,756
X-28 Net assets with donor restrictionsStart of year $3,913,695$3,942,190
X-32 Total net assets or fund balancesStart of year $7,802,858$6,535,946
X-33 Total liabilities and net assetsStart of year $8,427,126$7,657,040
Part XI · Reconciliation of net assets $6,535,946 net assets at year end
XI-1 Total revenue$2,590,017
XI-2 Total expenses$3,856,929
XI-3 Revenue less expenses−$1,266,912
XI-4 Net assets at start of year$7,802,858
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,535,946

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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