Explorit Science Center EIN 68-0010584

Explorit Science Center FY2022 filing

EIN  68-0010584 Public charity (501(c)(3)) Davis, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers hands-on science activities for children and families, both on-site and through traveling school programs.
Leadership
Ken Kaplan · President
Money in and out
$234K revenue, $239K expenses
Bottom line
62% program efficiency

Offers hands-on science activities for children and families, both on-site and through traveling school programs. For fiscal year 2022 it reported $234K in revenue, $239K in expenses, and $622K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$234K
Pt VIII · Ln 12
Total expenses
$239K
Pt IX · Ln 25
Net assets
$622K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38
Program efficiency
62%
of spending reaches programs
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$234K
FY2022▲ +30%
Expenses
$239K
FY2022▲ +19%
Total assets
$647K
FY20220%
Total liabilities
$25K
FY2022▲ +13%
Total revenue
$234K
Pt VIII · Ln 12
Total expenses
$239K
Pt IX · Ln 25
Net assets
$622K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$647K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $148K of program spending, described in the organization's own filed words · FY2021.
01

On-site public and school science education programs offerd at its facility in Davis CA. The focal point is Explorit's hands on exhibitions which are open for public drop-in visits and the basis of discovery lessons for school field trips.

$148Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExplorit Science Center
EINHdr · item D68-0010584
Principal addressHdr · item CDavis, CA
WebsiteHdr · item Jwww.explorit.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U20Z)
Ruling yearIRS BMFApr 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Explorit Science Center executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$152K · 65%
Program service revenue$82K · 35%
Contributions & grants65%$152K
Program service revenue35%$82K
— government grantsLn 1e$41K
Total revenueLn 12$234K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38
Program services62%$148K
Management & general38%$91K
Total functional expensesLn 25$239K

Balance Sheet

Part X · end of year
CashLn 1$55K
Total assetsLn 16$647K
Total liabilitiesLn 26$25K
Total net assetsLn 32$622K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $55K · Operating expenses/yr $239K
2.8 months
Where the money goes
Program services
Program services $148K · Total expenses $239K
62%
Management & General
Management & general $91K · Total expenses $239K
38%
Fundraising
Fundraising $0 · Total expenses $239K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $105K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $152K · Total revenue $234K
65%
Government reliance
Government grants $41K · Total revenue $234K
18%
Earned-income share
Program service revenue $82K · Total revenue $234K
35%
Investment reliance
Investment income $0 · Total revenue $234K
0%
Program self-sufficiency
Program service revenue $82K · Total expenses $239K
34%
Growth & trend
Revenue growth (YoY)
This year $234K · Prior year $181K
+30%
Net-asset trend (YoY)
End of year $622K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $234K · Expenses $239K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $647K
Net-asset ratio
Net assets $622K · Total assets $647K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $647K
0%
People & payroll
Highest Reported Total Compensation
Individual Ken Kaplan · Reported title President · Highest reported compensation $0 · Total expenses $239K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $170K · Total expenses $239K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 38%
Fundraising cost ratio 0%
Revenue growth 30%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$166K revenue · ⤓ 990 PDF
FY2024$263K revenue · ⤓ 990 PDF
FY2023$306K revenue · ⤓ 990 PDF
FY2022$234K revenue · viewing · ⤓ 990 PDF
FY2021$181K revenue · ⤓ 990 PDF
FY2020$194K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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