2025-10-20T08:52:30-05:00 2025-06-30 561607661 LOWDERMILK CHURCH & CO LLP 121 NORTH STERLING STREET MORGANTON NC 28655 990 2024-07-01 561073440 CATAWBA SCIENCE CENTER INC CATA 8283228169 PO BOX 2431 HICKORY NC 28603 DIRK SCHOELLNER PRESIDENT 8283228169 2025-10-20 1 0 JAMES LOWDERMILK P01394049 8284331226 2024 2025-03-06 01:10:19Z DIRK SCHOELLNER PO BOX 2431 HICKORY NC 28603 2304039 0 X CATAWBASCIENCE.ORG X 1976 NC UNDERSTANDING OF SCIENCE AND TECHNOLOGY THROUGH THE USE OF EDUCATIONAL PROGRAMS, EXHIBITS, TEACHING COLLECTIONS AND ACTIVITIES WHICH EMPHASIZE THE PHYSICAL PARTICIPATION OF INDIVIDUALS 18 18 88 150 0 0 731884 580184 1066760 977321 418475 191052 139610 163029 2356729 1911586 0 0 0 0 1147747 1175011 0 0 128050 917727 884037 2065474 2059048 291255 -147462 9333475 9927123 145690 159373 9187785 9767750 TO CHANGE LIVES AND INSPIRE LEARNING THROUGH SCIENCE AND WONDER 0 0 995579 211738 REVENUES AND EXPENSE IN CONJUNCTION WITH CURRICULUM ALIGNED, SCIENCE EDUCATION DEVELOPED FOR PUBLIC, PRIVATE AND HOMESCHOOL AUDIENCES. THESE HANDS-ON, INQUIRY-BASED LEARNING EXPERIENCES ARE ALIGNED WITH THE COMMON CORE AND ESSETNIAL STANDARDS CURRENTLY BEING USED WITHIN THE NORTH CAROLINA SCHOOL SYSTEM. EXPENSES RELATED TO THE SERVICE MAY INCLUDE SALARIES, BENEFITS AND RELATED PAYROLL TAXES, EQUIPMENT, UTILITIES AND BUILDING EXPENSES, ETC. REQUIRE TO DELIVER EDUCATION PROGRAMS. 96346 423476 REVENUES AND EXPENSES IN CONJUNCTION WITH ON-SITE SCIENCE EDUCATION EXPERIENCES PROVIDED LOCATED WITHIN THE EXHIBIION HALLS AND CLASSROOMS AT THE HICKROY SITE. THIS SECTION REFERS TO THE ON-SITE SCIENCE EDUCATION DELIVERED THROUGH INFORMAL, INTERACTIVE EXHIBITS AND EXPERIENES TO THE GENERAL PUBLIC. 513847 423477 REVENUES AND EXPENSES IN CONJUNCTION WITH INTERACTIVE SCIENCE PROGRAMS OFFERED TO THE GENERAL PUBLIC, THE RENTAL OF SCIENCE EXHIBITIONS TO OTHER MUSEUMS, MISCELLANEOUS INCOME AND EXPENSES DIRECTED TOWARDS THE GENERAL OPERATIONS OF CATWABA SCIENCE CENTER. 1605772 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 88 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 8283228169 PO BOX 2431 HICKORY NC 28603 AMANDA FREELAND SECREAARY 2.00 X X 0 0 0 GREG HUFFMAN DIRECTOR 2.00 X 0 0 0 JARRED BLANTON DIRECTOR 2.00 X 0 0 0 GREG BILLINGS DIRECTOR 2.00 X 0 0 0 KELLY GOODERHAM DIRECTOR 2.00 X 0 0 0 CASSIA DOWDY DIRECTOR 2.00 X 0 0 0 JASON GSCHMEIDMEIER DIRECTOR 2.00 X 0 0 0 ERICKA BARTLETT DIRECTOR 2.00 X 0 0 0 DOUG KNIGHT DIRECTOR 2.00 X 0 0 0 DIRK SCHOELLNER PRESIDENT 2.00 X X 0 0 0 VICTORIA MORALES DIRECTOR 2.00 X 0 0 0 BRADLEY DUNLAP DIRECTOR 2.00 X 0 0 0 DAVID LEONETTI PAST PRESIDENT 2.00 X X 0 0 0 TRACY HALL EXECUTIVE DIRECTOR 40.00 X 91546 0 13270 TODD RHYNE TREASURER 2.00 X X 0 0 0 TRACIE SALINAS DIRECTOR 2.00 X 0 0 0 HOLLY WINTERS VICE PRESIDENT 2.00 X X 0 0 0 MITZI CUNNINGHAM DIRECTOR 2.00 X 0 0 0 SARAH BRACEWELL DIRECTOR 2.00 X 0 0 0 91546 0 13270 0 0 0 0 0 25314 151395 403475 580184 GROUP FEES 900099 351052 351052 PUBLIC PROGRAMS 900099 272686 272686 ADMISSIONS 900099 255480 255480 EXHIBT RENTAL 900099 98103 98103 977321 202790 202790 299627 311365 -11738 -11738 -11738 98888 28967 69921 69921 117142 52121 65021 65021 MISCELLANEOUS 900099 28087 28087 28087 1911586 1058691 0 272711 989255 869459 59898 59898 10170 2034 6610 1526 103909 20782 67541 15586 71677 61643 5017 5017 15284 15284 26198 26198 67370 22436 44934 5688 3413 2275 137654 123889 13765 31861 23896 7965 EXHIBITS 319527 319527 PUBLIC PROGRAMS 116727 108205 8522 GENERAL MAINTENANCE 65596 65596 GRANTS AND SPECIAL PROJ 42042 42042 56090 8446 27819 19825 2059048 1605772 325226 128050 2028250 1776130 7285 7920 21832 21040 4202898 2551820 1788732 1651078 5487376 6470955 9333475 9927123 112190 125873 33500 33500 145690 159373 X 5986913 6222371 3200872 3545379 9187785 9767750 9333475 9927123 -147462 727427 0 X 0 1 X 1 0 X 2482344 1382766 1375362 1798644 1557505 8596621 2482344 1382766 1375362 1798644 1557505 8596621 8596621 409554 1000543 1164337 653006 502417 3729857 3905 8380 45831 34652 28087 120855 12447333 671049 0.69060 0.67160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2127107 2127107 2127107 2127107 2127107 2127107 2127107 2127107 2127107 2127107 0 0 2784726 1382229 1402497 1418172 1169591 248581 1651078 X 3440949 727427 720848 81088 1529363 1911586 0 1911586 2860984 720848 81088 801936 2059048 0 2059048 PART V, LINE 4: THE CATAWBA SCIENCE CENTER HAS ADOPTED AN INVESTMENT POLICY FOR ENDOWMENT ASSETS THAT ATTEMPTS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, APPROVED BY THE BOARD, THE ENDOWMENT ASSETS SHALL BE INVESTED IN A MANNER TO PRODUCE A TOTAL RETURN COMPRISED OF INTEREST, DIVIDENDS, AND REALIZED AND UNREALIZED CAPITAL GAINS AND LOSSES. THE CENTER EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 5% ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. THE CENTER HAS A SPENDING GUIDELINE OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5% OF THE AVERAGE ENDOWMENT'S FAIR VALUE OVER THE THREE YEARS PRECEDING THE FISCAL YEARS IN WHICH THE DISTRIBUTION IS PLANNED AS OF VALUATION ON DECEMBER 31. HOWEVER, THERE HAVE BEEN YEARS AND THERE MAY BE FUTURE YEARS IN WHICH THE SPENDING GUIDELINE DOES NOT PROVIDE ADEQUATE FUNDS TO MEET EXPECTED NEEDS, AND WITH BOARD APPROVAL, THE SPENDING GUIDELINE PERCENTAGES MAY BE EXCEEDED. IN ESTABLISHING THIS GUIDELINE, THE CENTER CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENTS. THIS IS CONSISTENT WITH THE CENTER'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY FOR A SPECIFIC TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE CATAWBA SCIENCE CENTER, INC. IS A NON-PROFIT CORPORATION ORGANIZED WITH CHAPTER 55-A OF THE NORTH CAROLINA STATUTES AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C) (3) OF THE INTERNAL CODE AND STATE LAW. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CENTER'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE CENTER QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS A CORPORATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). UNDER NORTH CAROLINA STATUTE, THE CENTER APPLIES FOR REFUNDS OF ALL SALES TAXES PAID. THE CENTER HAS IMPLEMENTED THE NEW ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF THE FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. AS OF JUNE 30, 2025 AND 2024, THE CENTER HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND RECOGNIZED NO SUCH INTEREST OR PENALTIES DURING THE YEARS ENDED JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING ITALIAN DINNER EMPORIUM COGS PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING ITALIAN DINNER EMPORIUM COGS ITALIAN DINNER 98888 98888 28967 98888 98888 28967 28967 69921 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A LCPA FIRM, AND A COPY OF FORM 990 IS AVAILABLE FOR THE BOARD MEMBERS' REVIEW. IT IS ALSO REVIEWED BY THE FINANCE OFFICER AND THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ANNUALLY DISCLOSE ANY INTEREST THAT THEY HAVE THAT COULD POTENTIALLY BE CONSIDERED CONFLITS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S PROCEDURES REQUIRE COMPENSATION FOR THE EXECUTIVE DIRECTOR, TOP MANAGEMENT AND KEY EMPLOYEES TO BE REVIEWED BY THE EXECUTIVE COMMITTEE. THE BOARD APPROVES THESE SALARIES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATIONS TAX DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AS WELL AS ON WWW.GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO VIEW UPON REQUEST.