2024-03-01T12:02:13-06:00 2023-06-30 580692043 MAULDIN & JENKINS LLC 508 HAMPTON STREET COLUMBIA SC 29201 990 2022-07-01 571013857 EDVENTURE INC EDVE 8037793100 POST OFFICE BOX 1638 COLUMBIA SC 29202 ANDY MARQUART PRESIDENT & CEO 8037793100 2024-03-01 1 ANDY MARQUART 999009999 1 MICHELLE CHAPMAN CPA P01263095 8037995810 2024-02-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANDY MARQUART 211 GERVAIS STREET COLUMBIA SC 29201 3907747 0 X WWW.EDVENTURE.ORG X 1994 SC EDVENTURE INSPIRES CHILDREN, YOUTH, AND THE ADULTS WHO CARE ABOUT THEM TO EXPERIENCE THE JOY OF LEARNING. 13 13 119 38 0 0 4025159 1855459 1051767 1617967 0 15449 163916 259089 5240842 3747964 0 0 0 0 1492002 1737992 0 0 233160 2544027 2147978 4036029 3885970 1204813 -138006 7334143 7871472 1145971 1378874 6188172 6492598 X EDVENTURE INSPIRES CHILDREN, YOUTH, AND THE ADULTS WHO CARE ABOUT THEM TO EXPERIENCE THE JOY OF LEARNING. 0 0 3380792 1698042 EDVENTURE IS A CHILDREN'S MUSEUM WITH THREE LOCATIONS IN SC (COLUMBIA, MYRTLE BEACH AND HARTSVILLE), WELCOMING OVER 256,000 VISITORS THIS PAST YEAR. THE MUSEUM'S ENRICHING EDUCATIONAL PROGRAMS AND EXHIBITS ENGAGE VISITORS THROUGH INFORMAL LEARNING, BLENDING LITERACY, STEAM EDUCATION, HEALTH NUTRITION AND WELLNESS, AND CAREER AWARENESS. BY FOCUSING ON THESE AREAS EDVENTURE ANNUALLY PROVIDES OVER 1,000 FREE BOOKS TO UNDERSERVED HOUSEHOLDS THROUGH ITS CHILDREN'S BOOK BANK, OVER 2,230 FREE SUMMER MEALS TO BRIDGE THE SUMMER NUTRITION GAP, MORE THAN 8,000 CHILDREN WITH HEALTH AND DENTAL PROGRAMMING/SCREENINGS, OVER 80,000 STEAM EDUCATION PROGRAMS AND NEARLY 60 TEENS WITH WORKFORCE DEVELOPMENT. THROUGH PROGRAMS SUCH AS YES! EVERY CHILD, 25% OF EDVENTURE'S GUESTS ATTEND FOR FREE OR WITH A REDUCED ADMISSION.WHEN SCHOOL IS NOT IN SESSION, EDVENTURE FOCUSES ON ADDRESSING THE "SUMMER LEARNING SLIDE" THROUGH ITS SUMMER CAMP PROGRAMS. ANNUALLY, EDVENTURE SUMMER CAMPS PROVIDES MORE THAN 1,500 STUDENTS WITH ACADEMIC AND NUTRITIONAL SUPPORT FOR FULL DAYS WHEN SCHOOLS ARE NOT IN SESSION. THROUGH A VARIETY OF STEAM-BASED CAMP OPTIONS, CHILDREN EXPERIENCE A FUN, HANDS-ON LEARNING ENVIRONMENT THAT HELPS THEM STAY AHEAD OF THE SUMMER LEARNING SLIDE AND BE MORE PREPARED FOR WHEN SCHOOL IS BACK IN SESSION. EDVENTURE IS A CRITICAL LEARNING RESOURCE FOR STUDENTS AND FAMILIES ACROSS THE ENTIRE STATE OF SOUTH CAROLINA. 3380792 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 1 119 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X FRED A MUTZ 8034001130 211 GERVAIS STREET COLUMBIA SC 29201 DWAYNE PORTER CHAIR 1.00 X X 0 0 0 JAMELLE ELLIS VP GOVERNANCE 1.00 X X 0 0 0 BRADLEY ANDERSON VP EXTERNAL AFFAIRS 1.00 X X 0 0 0 JOHN SUMBERA IV TREASURER 1.00 X X 0 0 0 AMY ALIMOHAMED TRUSTEE 1.00 X 0 0 0 DR ALISSA RICHMOND ARMSTRONG TRUSTEE 1.00 X 0 0 0 WILLIE CALLOWAY TRUSTEE 1.00 X 0 0 0 ANDREA COUCH TRUSTEE 1.00 X 0 0 0 ANGELA HOULEMARD-SMITH TRUSTEE 1.00 X 0 0 0 HAROLD REAVES TRUSTEE 1.00 X 0 0 0 BOB RUFF TRUSTEE 1.00 X 0 0 0 ROBYN WATSON TRUSTEE 1.00 X 0 0 0 SUE WILLIAMS TRUSTEE 1.00 X 0 0 0 ANDY MARQUART PRESIDENT & CEO 40.00 X 79427 0 2265 FRED MUTZ DEPUTY DIRECTOR & CFO 40.00 X 79770 0 6645 LISA HAILEY PRESIDENT & CEO 40.00 X 2321 0 0 161518 0 8910 0 0 0 0 BUONASERA PO BOX 7185 COLUMBIA SC 29202 MEDIA AND ADVERTISING 244864 1 311346 1362019 182094 1855459 ADMISSIONS 900099 1310539 1310539 PROGRAM REVENUE 900099 230847 230847 OTHER EVENTS 900099 76581 76581 1617967 15970 15970 67457 0 67457 67457 67457 24000 24521 -521 -521 -521 314276 135262 179014 179014 MISCELLANEOUS 900099 12618 12618 12618 3747964 1698042 0 194463 266039 231454 18623 15962 1218247 1059875 85277 73095 142628 124086 9984 8558 111078 96638 7775 6665 2063 1795 144 124 18225 15855 1276 1094 37536 32656 2627 2253 215066 187107 15055 12904 98152 85392 6871 5889 87984 76546 6159 5279 759197 660501 53144 45552 21856 19015 1530 1311 7921 6892 554 475 19842 17262 1389 1191 530368 461420 37126 31822 64486 56103 4514 3869 EDUCATIONAL AND VISITOR 119937 104345 8396 7196 CONTRACT SERVICES 52200 45414 3654 3132 EXHIBITS 40628 35346 2844 2438 EVENTS 40274 35039 2819 2416 32243 28051 2257 1935 3885970 3380792 272018 233160 1004330 1093348 0 902346 2822641 2403739 915310 30432 12432 17288 8237 11957 14380978 11482625 2335032 2898353 236161 514009 7334143 7871472 150387 138115 241502 291843 300000 300000 198965 144696 255117 504220 1145971 1378874 X 3192774 3974681 2995398 2517917 6188172 6492598 7334143 7871472 X -138006 -20 442452 0 X X 0 1 X 1 0 X 1645613 1708301 1192986 4025159 1855459 10427518 275864 275864 112755 224801 186808 1076092 1921477 1984165 1305741 4249960 2042267 11503610 11503610 68588 53147 5818 41556 83427 252536 16615 12618 29233 11785379 7081928 0.97610 0.97910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4608539 2924509 1684030 929982 813924 116058 266546 215147 51399 8575911 7529045 1046866 2898353 457 (B) RETIREMENT PLAN ASSET 278686 ROU ASSETS 235323 514009 457(B) RETIREMENT ACCT (LIABILITY) 278686 CAPITAL LEASE LIABILITY 225534 504220 X 4070014 -20 186808 135262 322050 3747964 0 3747964 4208040 186808 135262 322070 3885970 0 3885970 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE MUSEUM AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE MUSEUM HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE MUSEUM, AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE MUSEUM IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN NET OF REVENUE 135,262. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN NET OF REVENUE 135,262. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED ON THREE LEVELS BEFORE IT IS FILED WITH THE IRS. EDVENTURE STAFF, INCLUDING THE ACCOUNTANT, CFO, AND CEO REVIEW THE 990 PREPARED BY THE EXTERNAL TAX ACCOUNTANT TO ENSURE THE FIGURES TIE BACK TO THE AUDITED FINANCIAL STATEMENTS. THE SECOND LEVEL OF REVIEW AND APPROVAL IS PERFORMED BY THE INTERNAL AFFAIRS COMMITTEE. THE THIRD LEVEL IS A VOTE TO SUBMIT THE RETURN BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF EMPLOYMENT, EMPLOYEES ARE ASKED AND BACKGROUND CHECKS ARE COMPLETED TO DETERMINE IF THERE ARE ANY CONFLICTS OF INTEREST PRIOR TO AN OFFER OF EMPLOYMENT. DURING THEIR EMPLOYMENT, EMPLOYEES ARE REQUIRED TO REPORT ANY CIRCUMSTANCES THAT MAY BE CONSIDERED A CONFLICT OF INTEREST TO THEIR SUPERVISOR SO A DETERMINATION CAN BE MADE AND APPROPRIATE ACTION TAKEN. ON AN ANNUAL BASIS, EACH BOARD MEMBER IS REQUIRED TO READ, SIGN, AND FOLLOW EDVENTURE'S CONFLICT OF INTEREST POLICY. IN THE EVENT OF A CONFLICT, THE PERSON WITH THE CONFLICT WILL RECUSE THEMSELVES FROM ALL DISCUSSION AND/OR VOTE INVOLVING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: YEARLY GOALS ARE SET BY THE BOARD OF TRUSTEES AND ACCOMPLISHMENT OF THESE GOALS DETERMINE COMPENSATION FOR THE CEO. COMPENSATION CHANGES ARE DETERMINED BY THE EXECUTIVE COMMITTEE USING NONPROFIT CEO COMPENSATION STUDIES AND ARE VOTED/APPROVED BY THE BOARD. COMPENSATION PROCESS FOR OFFICERS: A COMPENSATION STUDY OF SENIOR STAFF SALARIES WAS CONDUCTED USING SURVEY DATA COMPILED BY THE ASSOCIATION OF SCIENCE-TECHNOLOGY (ASTC) AND THE ASSOCIATION OF CHILDREM'S MUSEUMS (ACM), ALONG WITH A REVIEW OF OTHER COLUMBIA NON-PROFIT DATA. THE DATA REFLECTED A WIDE RANGE OF MUSEUM AND NON-PROFIT SIZES, TYPES AND LOCATIONS. ALL DATA WERE LINKED TO EDVENTURE'S SPECIFIC POSITIONS BASED ON THE FOLLOWING CRITERIA: TYPE OF INSTITUTION, LOCATION, OPERATING EXPENSE, NUMBER OF EMPLOYEES AND INSTITION AGE. BASED ON THE EVALUATION OF THESE CRITERIA, A SALARY STRUCTURE WAS COMPILED FOR EDVENTURE'S STAFF. IT IS REVIEWED ANNUALLY AND UPDATED AS NECESSARY. COMPENSATION DISCUSSIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AND OUR AUDITED FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE AND DISTRIBUTED ANNUALLY TO MEMBERS, DONORS, AND OTHER INTERESTED PARTIES. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OVERSEES THE AUDIT PROCESS. FORM 990, PART XI, LINE 8: PRIOR PERIOD ADJUSTMENT DURING THE YEAR ENDING JUNE 30, 2023, MANAGEMENT DETERMINED THAT A RESTATEMENT TO BEGINNING NET ASSET BALANCE WITHOUT DONOR RESTRICTIONS AND PROPERTY AND EQUIPMENT WAS NEEDED TO PROPERLY REPORT EXHIBITS IN PROCESS AS PART OF PROPERTY AND EQUIPMENT. PREVIOUSLY, NET ASSETS WITHOUT DONOR RESTRICTIONS WERE UNDERSTATED AND PROPERTY AND EQUIPMENT EXHIBITS IN PROCESS WAS UNDERSTATED DUE TO IMPROPERLY EXPENSING COSTS RELATED TO THE CONSTRUCTION OF THE EXHIBIT.