Return of Organization Exempt From Income Tax

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Form

990

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung

benefit trust or private foundation)

OMB No 1545-0047

2003

Department of the Treasury

Internal Revenue Service have to use a copy of this return to

7/1/2003 A For the 2003 calendar ear, c

B Check if applicable please a Address change use IRS label or Name change print or

Dlmtial return type See

FFmal return Specific Instruc-

D Employer identification number 22-2302253

Name of organization ert Science Center

Number and street (or P 0 box if mail is not delivered to street address) Room/suite 1 Philli Street

City or town State or country ZIP + 4

E Telephone number

F Accounting method : Cash ~X Accrual Other (specify) 10.

H and I are not applicable to section 527 o anaations H(a) Is this a group return for affil Yes 191 No H(b) If "Yes," enter number of affiliates Pill,. N/A

H(c) Are all affiliates included ? El Yes EJNo (If "No," attach a list See instructions )

J Organization type (check only one) " ~X 501(c) ( 3 ) " (insert no ) 1:14947(a)(7) or

K Check here 10. "if the organization's gross receipts are normally not more than $25,000 The H(d) Is this a separate return filed by an or anization organization need not file a return with the IRS, but if the organization received a Form 990 Package in the covered by a group rulings Yes 1K No mail, it should file a return without financial data Some states require a complete return. I Group Exemption Number 1 N/A

M Check 1 Qif the organization is not required L Gross receipts Add lines 6b 8b 9b and 10b to line 12 . 18,518,292 to attach Sch B (Form sso, 990-EZ, or 990-PF)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (See page 18 of the instructions .) 1 Contributions, gifts, grants, and similar amounts received

a Direct public support . . . 1a 3,311,587

b Indirect public support . . . . 1b 0

c Government contributions (grants) 1c 147,574

d Total (add lines 1a through 1c) (cash $ 3,284,117 noncash $ 175,044 ) 1d 3,459 161 2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 13,337,793

3 Membership dues and assessments . . . . 3 940,728

4 Interest on savings and temporary cash investments . . . . 4 61 ,901

5 Dividends and interest from securities

. . . 5 0

6 a Gross rents . . . . 6a 382,848

P-a b Less rental expenses 6b 296,892

c Net rental income or (loss) (subtract line 6b from line 6a) 6c 85,956

7 Other investment-income desi;f'if~e 7 0

sat~`t~ oQh~r_ ,

J (A) Securities (B) Other 8 a Gross amount f m 1~ass~ --

than inventory J~`l~-- !~ . . .. I

Uj 172,116 8a 450

p b Less cost or othe Ira is dI p O1 176,119 8b 450

c Gain or (loss) ( ~ac~h sc edule See Stmt ~~ ~ ~ ~) -4,003 8c 0

d Net gam or (lose (c,~irae-lme-8e-eap'fu~m ~f F~) and (B)) 8d -4,003

Q 9 Special events and, activ fi c,~F ~0ec~JlZ If an amount is from gaming, check here Bo- El a Gross revenue (f~etanelvdrn 721,601 of See Statement 2

contributions reported on line 1a) . . . 9a 48,750

b Less direct expenses other than fundraising expenses . . . 9b 41,544

c Net income or (loss) from special events (subtract line 9b from line 9a) . . . . 9c 7,206 10a Gross sales of inventory, less returns and allowances . . 10a 504

b Less. cost of goods sold . . See Statement 3 10b 210

c Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 10b from line 10a) 10c 294

77 Other revenue (from Part VII, line 103) . . 11 114,041

12 Total revenue add lines 1d, 2 3 4, 5, 6c, 7 8d, 9c, 10c, and 11 12 18 ,003,077

13 Program services (from line 44, column (B)) . . 13 11 ,015,450

14 Management and general (from line 44, column (C)) 14 5 ,757, 168

d 15 Fundraising (from line 44, column (D))

. . .

15 1 ,432,791

W 76 Payments to affiliates (attach schedule) . . . 16 0

17 Total expenses add lines 16 and 44, column A 17 18 205,409

18 Excess or (deficit) for the year (subtract line 17 from line 12). 18 -202,332

19 Net assets or fund balances at beginning of year (from line 73, column (A)) 19 40 505,119 20 Other changes in net assets or fund balances (attach explanation) See Statement a 20 25, 165 : 21 Net assets or fund balances at end of ear combine lines 18 19, and 20 21 40 327,952 For Paperwork Reduction Act Notice, see the separate instructions. C ) '~ Form 990 (2003) (HTA)

Amended return cons. Jerse City NJ

DApplicatlon pending " Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable

trusts must attach a completed Schedule A (Form 990 or 990-EZ). G Website: 1 www.lsC orq

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Form 990 2003 Liberty Science Center 22-2302253 Page 2 Statement of All organizations must complete column (A) Columns (B), (C), and (D) are required for section 501(c)(3) and (4) organizations

Functional Expenses and section 4947(a)(1) nonexempt charitable trusts but optional for others (See page 22 of the instructions )

Do not include amounts reported on line (B) Program (c) Management

6b 86 9b 106 Or 16 of Part l. (A) Total services and general ID) Fundraising 22 Grants and allocations (attach schedule)

(cash $ 0 noncash $ 0 ) 22 0 0

23 Specific assistance to individuals (attach schedule) 23 0 0 24 Benefits paid to or for members (attach schedule) . . 24 0 0

25 Compensation of officers, directors, etc. . . 25 385,750 0 385,750 0 26 Other salaries and wages . . . 26 6,099,817 4,000 618 1 ,581 ,700 517 499 27 Pension plan contributions . . . 27 180,577 104,263 62,714 13,600 28 Other employee benefits 28 776,911 448,578 269,819 58,514 29 Payroll taxes . . . . 29 546,206 315,372 189,696 41 , 138 30 Professional fundraising fees . . . . 30 585,721 0 0 585, 721 31 Accounting fees . . . . 31 105,188 0 105, 188 0 32 Legal fees . . . 32 46, 592 -603 47, 195 0 33 Supplies . . . 33 279,976 242,965 32, 103 4,908 34 Telephone . . . 34 102,752 45,461 52,044 5,247 35 Postage and shipping . . . 35 107,445 77,468 12,320 17!657 36 Occupancy . . . 36 672,484 0 671 ,063 1 ,421 37 Equipment rental and maintenance . . 37 411 ,814 137,094 274,720 0 38 Printing and publications . . . 38 226,303 99,981 54,496 71 ,826 39 Travel . . . 39 120,423 68,948 46,430 5,045 40 Conferences, conventions, and meetings . . . . 40 41 ,540 9,203 25,442 6,895

41 Interest . . . 41 100,409 87,356 12,049 1 ,004

42 Depreciation, depletion, etc (attach schedule) See Stmt 5 42 2,177,494 11894,420 261 ,299 21 775 43 Other expenses not covered above (itemize) a Advertising -- --- 43a 1,155 839 1,093,836 34,294 27,709

b Store Cost of Goods 43b 717, 557 717,557 0 0

c .Cleaning--- 43c 346,508 7,423 339,085 0 d security --- 43d_ 43d 189,299 6,136 181 ,838 1 ,325

e See Statement 6 43e 2,828 804 1 1659,374 1 1 117,923 51 507

f 43f 0 0 0 0

44 Total functional expenses (add lines 22 through 43) Organizations

completing columns (B)-(D), carry these totals to lines 13-15 . 44 18,205 409 11,015 450 5,757, 1681 1 ,432,791 Joint Costs. Check P. El if you are following SOP 98-2

Are any point costs from a combined educational campaign and fundraising solicitation reported in (B) Program services 1 - []Yes ~X No If "Yes," enter (i) the aggregate amount of these joint costs $ N/A , (ii) the amount allocated to Program services $ N/A

iii the amount allocated to Management and general $ N/A and iv the amount allocated to Fundraising $ N/A " . . Statement of Program Service Accomplishments (See paAe 25 of the instructions )

11 .01

---

c

---

Grants and allocations $ d

---Grants and allocations $ e Other program services attach schedule Grants and allocations $

f Total of Program Service Expenses (should equal line 44, column (B), Program services) . . " 11,015,450 Form 990 (2003)

_

What is the organization's primary exempt purpose? " Science & technolopy_ museum. . . --- Program Service Expenses All organizations must describe their exempt purpose achievements in a clear and concise manner State the number Required for 501 (c)(3) and (4) orgs , and 4947(a)(1)

of clients served, publications issued, etc Discuss achievements that are not measurable (Section 501(c)(3) and (4) trusts, but optional for organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others ) others ~

a Science & technoloRy museum See Statement 7

---

b

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Form 990 (2003) Liberty Science Center 22-2302253 Page 3 Balance Sheets (See page 25 of the instructions )

(B) End of year 247,468 2,647,544 372,534 5,160,289 429,508 0 48 a Pledges receivable . . . . 48a 5,160,289

b Less. allowance for doubtful accounts 48b 0 6,433,359 48c 49 Grants receivable . . . 284,999 49 50 Receivables from officers, directors, trustees, and key employees

(attach schedule) . . . 0 50 51 a Other notes and loans receivable (attach

°' schedule) . . . 51a 0

a b Less allowance for doubtful accounts 51b 0 0 51c 0 52 Inventories for sale or use . . . 118,421 52 148,774 53 Prepaid expenses and deferred charges . . 406,115 53 352,795 54 Investments-securities (attach schedule) 0.[-]Cost OX FMV 0 54 1 ,373,581 55 a Investments-land, buildings, and

equipment basis . . . 55a 0

b Less. accumulated depreciation (attach

schedule) . . . 55b 0 0 55c 0

56 Investments-other (attach schedule) . . 0 56 0

57 a Land, buildings, and equipment: basis . 57a 71 , 373,310 b Less: accumulated depreciation (attach

schedule) See Statement 5 57b 35,171 641 36,450,202 57c 36,201 ,669 58 Other assets (describe t See Statement 8 ) 9,975 58 4,265 59 Total assets add lines 45 through 58 must equal line 74 46,328,099 59 46 938,427 60 Accounts payable and accrued expenses . . 1,819,725 60 1 753,398

61 Grants payable . . . 0 61 0

62 Deferred revenue . . . . 1 ,240,248 62 1 ,139,238 63 Loans from officers, directors, trustees, and key employees (attach

a schedule) . . . 0 63 0

64a Tax-exempt bond liabilities (attach schedule) . . . 0 64a 0 b Mortgages and other notes payable (attach schedule) . . 0 64b 0 65 Other liabilities (describe " See Statement 9 ) 2,763,007 65 3, 717,839 66 Total liabilities add lines 60 through 65 5,822 ,980 66 6,610,475 Organizations that follow SFAS 117, check here t Eland complete lines

67 through 69 and lines 73 and 74

67 Unrestricted . . . 31 ,677,871 67 31 ,602,396 68 Temporarily restricted . . . 6,519,771 68 6, 386,547 m 69 Permanently restricted . . . 2,307 477 69 2, 339,009

Organizations that do not follow SFAS 117, check here " Dand ,i complete lines 70 through 74

70 Capital stock, trust principal, or current funds 70 71 Paid-in or capital surplus, or land, building, and equipment fund 71 Q 72 Retained earnings, endowment, accumulated income, or other funds . 72

73 Total net assets or fund balances (add lines 67 through 69 or lines 70 through 72,

column (A) must equal line 19, column (B) must equal line 21) 40,505 119 73 40,327,952 74 Total liabilities and net assets / fund balances (add lines 66 and 73) F46,328,099 74 ~ 46,938,427 Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a

particular organization . How the public perceives an organization in such cases may be determined by the information presented on its return Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments

Note: Where required, attached schedules and amounts within the descnphon (A) column should be for end-of-year amounts only. Beginning of year 45 Cash-non-interest-bearing . . . 913,809 45 46 Savings and temporary cash investments . . . ~ 1,130,566 46

47 a Accounts receivable . . . 47a 420,516

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Form 990 2003 Liberty Science Center 22-2302253 P. Reconciliation of Revenue per Audited ~ = Reconciliation of Expenses per Audited Financial Statements with Revenue per Financial Statements with Expenses per

Return See page 27 of the instructions Return

a Total revenue, gains, and other support L a Total expenses and losses per

per audited financial statements t a 18-1 -346- 1 176- audited financial statements t a 18,52 3 b Amounts included on line a but not b Amounts included on line a but not

on line 12, Form 990' on line 17, Form 990

(1) Net unrealized gains (1) Donated services

on investments $ and use of facilities . $

(2) Donated services and (2) Prior year adjustments

use of facilities . . $ reported on line 20,

(3) Recoveries of prior Form 990 . . $

year grants $ (3) Losses reported on

(4) Other (specify) line 20, Form 990 $

$ (4) Other (specify)~

See Statement 10 $ 343,099 $

Add amounts on lines (1) through (a) " b 343 ,099 .See Statement 10 - ---

$ 343,099

Add amounts on lines (1) through (4) t b 343 c Line a minus line b " c 18,003 077 c Line a minus line b . . . " c 18, 180

d Amounts included on line 12, d Amounts included on line 17,

Form 990 but not on line a: Form 990 but not on line a:

(1) Investment expenses (1) Investment expenses

not included on line not included on line

6b, Form 990 . $ 6b, Form 990 . . . . $

(2) Other (specify) . (2) Other (specify)

______________g Net unrealized-gains_ $

$ on investments $ 25 165

Add amounts on lines (1) and (2) t d 0 Add amounts on lines (1) and (2) . " d 25 e Total revenue per line 12, Form 990 e Total expenses per line 17, Form 990

line c plus line d " e 18,00 3,077 (line c plus line d t e 18,205

List of Officers, Directors, Trustees, and Key Employees (List each one even if not compensated ; see page 27 of the instructions )

4

se Statement 11 for list of officers and trustees

II officers and tru4tees, other than the two Ikey employs eluded in Part V, are volunteers and receive no compensation

-- Name--- . qtr . . . .. . . I Title

75 Did any officer, director, trustee, or key employee receive aggregate compensation of more than $100,000 from your

organization and all related organizations, of which more than $10,000 was provided by the related organizations? " ayes E ]No If "Yes," attach schedule-see page 28 of the instructions

Form 990 (2003)

(A) Name and address (B) Title and average hours per week devoted to position

Name Emlyn Koster str 251 Phdlip Street_ _ _ Title President, CEO city Jersey City sr NJ zip 07035 Hdwic 70 hrs/wk Name Connie Claman --- - str 251 Phdlip Street. . . Title VP Res, CFO

city Jersey Cit ST NJ zip 07035 HrNVK 60 hrs/wk

__ Nameqtr Title

-- Name--- Str--- Title

City I ST ZIP HrMIK

Name Str Title

City ST ZIP HdWK

Name Sir Title

City ST ZIP Hr/WK

Name Str Title

City ST ZIP HrAAfK

Name Str Title

----Ci---ST ---ZIP --- Hr/1/VK

Name qtr Title

(C) Compensation (D) Contributions to (E) Expense (Ii not paid, I employee benefit plans 8 I account and other

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d Enter' Amount of tax on line 89c, above, reimbursed by the organization PO. 0 90 a List the states with which a copy of this return is filed so.

NJ---

NY ___________________________ . . . .________________ ._. b Number of employees employed in the pay period that includes March 12, 2003 (See instructions ) I 90b ~ 220 91 The books are in care of ". _Name Connie Clamanl VP Resource Adm / CFO _ _ _ _ _ _ _ Telephone no t ( 201_) 451=0006 _ _ _ _ _ _ _ _ _. Located at t LSC, 251Phillps St_ . . . .. . . c1tyJersey_City--- sTNJ___ Zip +a t 07305=4699_____________________ . 92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041-Check here . . . "El

and enter the amount of tax-exempt interest received or accrued during the tax year- " 1 92 IN/A

Form 990 (2003)

Form 990 2003 Libert y Science Center 22-2302253 Page 5

Other Information (See page 28 of the instructions .) Yes No

76 Did the organization engage in any activity not previously reported to the IRS? If "Yes," attach a detailed description of each activity 76 X 77 Were any changes made in the organizing or governing documents but not reported to the IRS 77 X

If "Yes," attach a conformed copy of the changes.

78 a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this returns 78a X b If "Yes," has it filed a tax return on Form 990-T for this years . . . N/A 78b

79 Was there a liquidation, dissolution, termination, or substantial contraction during the years If "Yes," attach a statement 79 X 80 a Is the organization related (other than by association with a statewide or nationwide organization) through common

membership, governing bodies, trustees, officers, etc , to any other exempt or nonexempt organizations 80a X b If "Yes," enter the name of the organization " N/A

_______ . ._______________ .__________________ .. .andcheckwhetheritis Dexemptor Ononexempt 81 a Enter direct and indirect political expenditures. See line 81 instructions 81a NONE

b Did the organization file Form 1120-POL for this year? . . . 81 b X 82 a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge

or at substantially less than fair rental values 82a X

b If "Yes," you may indicate the value of these items here. Do not include this amount

as revenue in Part I or as an expense in Part II . (See instructions in Part III ) 82b 602,614

83 a Did the organization comply with the public inspection requirements for returns and exemption applications . 83a X b Did the organization comply with the disclosure requirements relating to quid pro quo contributions . . 83b X 84 a Did the organization solicit any contributions or gifts that were not tax deductible? . 84a X

b If "Yes," did the organization include with every solicitation an express statement that such contributions

or gifts were not tax deductible? . . . 84b N/A 85 501(c)(4), (5), or (6) organizations. a Were substantially all dues nondeductible by members? . . N/A 85a

b Did the organization make only in-house lobbying expenditures of $2,000 or less . . . N/A 85b If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the

organization received a waiver for proxy tax owed for the prior year

c Dues, assessments, and similar amounts from members 85c N/A d Section 162(e) lobbying and political expenditures . . 85d N/A e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices 85e N/A f Taxable amount of lobbying and political expenditures (line 85d less 85e) . . 85f N/A

g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? . . . . 85 N/A h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to

its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the

following tax years . . . 85h N/A

86 501(c)(7) orgs Enter a Initiation fees and capital contributions included online 12 86a N/A b Gross receipts, included on line 12, for public use of club facilities . . . 86b N/A 87 501(c)(12) orgs. Enter a Gross income from members or shareholders 87a N/A

b Gross income from other sources . (Do not net amounts due or paid to other

sources against amounts due or received from them ) 87b N/A

88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections

301 7701-2 and 301 7701-3? If "Yes," complete Part IX . . . 88 X 89 a 501(c)(3) organizations Enter Amount of tax imposed on the organization during the year under

section 4911 . 0 ; section 4912 . 0 ; section 4955 . 0

b 501(c)(3) and 501(c)(4) orgs Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year? If "Yes," attach

a statement explaining each transaction . . . 89b X

c Enter. Amount of tax imposed on the organization managers or disqualified persons during the year under

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Information Regarding Taxable Subsidiaries and Disregarded Entities (See page 34 of the instructions

Name, address, and EIN of corporation, ,,., , ,, ,,,_,,, ,,, I ^` e,~Percentage of I (~) I ~~) I End-of-year , -4--f Nature of activities Total income

(b) Did the organization, during the year, pay premiums, directly or Note: If " Yes" to b file Form 8870 and Form 4720 see instructs

Under penalties of penury, I declare that 1 have examined this return, inclu and bell , it is true, correct, and co pplete Declaration of preparer (other Please

Sign ' Signature of officer' Here

' Connie Claman VP of Resource Administration CFO Type or print name and title

Paid Preparers' signature PfCParef'S Firm's name (or rs

Use Only .r self-emplo71/

1P .lanet Buehler

a,,,,a« a , a 1 28 Sturbridae Drive. UDoer Saddle

Form 990 2003 Liberty Science Center 22-2302253 Page 6

Analysis of Income-Producing Activities (See page 33 of the instructions )

Note: Enter gross amounts unless otherwise Unrelated business income Excluded by section 512, 513, or 514 (E)

indicated (A) (B) (C) (D) Related or exempt

93 Program service revenue Business code Amount Exclusion code Amount function income

a School Contracts 6,100,000 b Admission Fees 4754, 194 c Store Sales 1 ,719, 156 d Education Programs 764,443 e f Medicare/Medicaid payments

g Fees and contracts from government agencies

94 Membership dues and assessments 940,728

95 Interest on sarongs and temporary cash investments 14 61 ,901

96 Dividends and interest from securities 97 Net rental income or (loss) from real estate

a debt-financed property

b not debt-financed property 16 85,956

9$ Net rental income or (loss) from personal property 99 Other investment income

100 Gain or (loss) from saes of assets other than inventory 1$ -4 ,003

101 Net income or (loss) from special events 7,206

102 Gross profit or (loss) from sales of inventory 453220 294

103 Other revenue a Food Service 03 78 ,045

b Processing Fees 1 ,053

c Locker/Coat Room Income 03 7 ,964

d Other Fees & Income 26,979

e

104 Subtotal (add columns (B), (D), and (E)) 294 229,863 14,313,759

105 Total (add line 104, columns (e), (D), and (E)) " 14,543,916

Note : Line 105 plus line 1d, Part I should equal the amount on line 12 Part 1.

Relationship of Activities to the Accomplishment of Exempt Purposes (See page 34 of the instructions .) Line No. Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment

of the organization's exempt purposes (other than by providing funds for such purposes) See Statement 12

N/A

Information Regarding Transfers Associated with Personal Benefit Contracts (See page 34 of the instructions )

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SCHEDULE A

Organization Exempt Under Section 501(c)(3)

(Form 990 or 990-EZ) (Except Private Foundation) and Section 501(e), 501(f), 501(k), 501(n), or Section 4947(a)(1) Nonexempt Charitable Trust

Department of the Treasury Supplementary Information-(See separate instructions .)

Internal Revenue service 111i- MUST be completed by the above organizations and attached to their Form 990 or 990-EZ

Name of the organization Employer idi

OMB No 1545-0047

2003

dlfication number 22-2302253

0 Name Elizabeth Romanaux

___ Strc/o LSC,_251_Phillip Street______ ._______

City Jersey City ST NJ Tale VP of Commun.

Zip 07305-4699 Count Av hr/wk 53 107, 103 13,574 Name Hdda Rayas

___ Strc/o LSC,_251_Phdlip Street . . .

City Jersey City ST NJ Tale VP of Outreach

Zip 07305-4699 Count Av hr/wk 50 107, 1031 13,6431 Total number of other employees paid over

$50,000

. . 19

ff 2-= Compensation of the Five Highest Paid Independent Contractors for Professional Services (See page 2 of the instructions List each one (whether individuals or firms) If there are none, enter "None.'

Schedule A (Form 990 or 990-EZ) 2003 For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Form 990-EZ .

(HTA)

compensation of the r-rve hignest raja tmpioyees utner i nan umcers, uirectors, and i rustees See page 1 of the instructions List each one If there are none, enter "None "

(a) Name and address of each employee paid more (b) Title and average hours (d) Contributions to (e) Expense than $50,000 per week devoted to position I (c) Compensation I employee benefit plans & I deferred compensation account and other allowances

Name James Payne

___ Strc/o LSC,_251_Phillip Street ._ . .__________

City Jersey City ST NJ Tale VP of Staff & Vol .

Name Jan McDavitt

___ Strc/o LSC,_251_Phillip --- -

City Jersey City ST NJ Tale VP of Mbrship

7

Zip 07305-4699 Count Av hr/wk 50 128,22

Name Wayne Labar

___ StrGo LSC< 251 Phillip_Street _____________

City Jersey City ST NJ Tale VP of Exhibits

Zio 07305-4699 Country Ava hr/wk 53 119.758

0

(a) Name and address of each independent contractor paid more than $50,000 Name Stapleton Associates Check here if a business X

Str 227 West End Avenue

City North Plainfield

ST NJ ZIP 07063 Count state

Name PricewaterhouseCoopers LLP Check here if a business X _ Str 400 Campus-Drive,-PO Box 988

City Florham Park

ST NJ ZIP 07932 Count audit

Name The National Group, LLP Check here if a business X __ . Str818 Connecticut Avenue,. NW,_Suite 1100________ .__ .______________

City Washington

ST DC ZIP 20006 Country reqis

Name Check here if a businessL

Sir City

ZIP Cou

Name Check here if a businessL

Sir City

ST ZIP Country

Total number of others receiving over

$50.000 for arofessional services . t

(b) Type of service I (c) Compensation

72

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Schedule A (Form 990 or 990-EZ) 2003 Liberty Science Center 22-2 Page 2

Statements About Activities (See page 2 of the instructions )

Yes I No

X X X X X X X X The organization is not a private foundation because it is (Please check only ONE applicable box )

5 F~ A church, convention of churches, or association of churches Section 170(b)(1)(A)(i) 6 0 A school. Section 170(b)(1)(A)(n) (Also complete Part V )

7 F-] A hospital or a cooperative hospital service organization Section 170(b)(1)(A)(iu) 8 F-1 A Federal, state, or local government or governmental unit Section 170(b)(1)(A)(v)

receipts from activities related to its charitable, etc , functions-subject to certain exceptions, and (2) no more than 33 1l3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Also complete the Support Schedule in Part IV-A.) 13 0 An organization that is not controlled by any disqualified persons (other than foundation managers) and supports

organizations described in- (1) lines 5 through 12 above, or (2) section 501(c)(4), (5), or (6), if they meet the test of section 509(a)(2) (See section 509(a)(3).)

Provide the following information about the suoDorted oraarnzations. (See Daae 5 of the instructions.) (b) Line number (a) Name(s) of supported organization(s)

14 ~ An organization organized and operated to test for public safety Section 509(a)(4) (See page 6 of the instructions )

Schedule A (Form 990 or 990-EZ) 2003

During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence public opinion on a legislative matter or referendum? If "Yes," enter the total expenses paid or incurred in connection with the lobbying activities " $ 67,783 (Must equal amounts on line 38, Part VI-A, or line i of Part VI-B.) . . . See Statement 13

Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A Other organizations checking "Yes" must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities.

During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any such person is affiliated as an officer, director, trustee, majority owner, or principal beneficiary? (if the answer to any question is "Yes, " attach a detailed statement explaining the transactions )

a Sale, exchange, or leasing of property? . b Lending of money or other extension of credit?

c Furnishing of goods, services, or facilities?

d Payment of compensation (or payment or reimbursement of expenses if more than $1,000) See -Part-V, -Form-990

e Transfer of any part of its income or assets . . . 2e 3 a Do you make grants for scholarships, fellowships, student loans, etc ? (If "Yes," attach an explanation of how

you determine that recipients qualify to receive payments ) . 3a b Do you have a section 403(b) annuity plan for your employees . . . 3b 4 Did you maintain any separate account for participating donors where donors have the right to provide advice

on the use or distribution of funds? . . . 4 Reason for Non-Private Foundation Status (See pages 3 through 6 of the instructions )

X

9 L] A medical research organization operated in conjunction with a hospital. Section 170(b)(1)(A)(ui). Enter the hospital's

name, city, and state 0- ---City---ST ---Country---10 0 An organization operated for the benefit of a college or university owned or operated by a governmental unit. Section

170(b)(1)(A)(iv) . (Also complete the Support Schedule m Part IV-A.)

11 a X An organization that normally receives a substantial part of its support from a governmental unit or from the general public Section 170(b)(1)(A)(vi) . (Also complete the Support Schedule in Part IV-A.)

11 b ~ A community trust. Section 170(b)(1)(A)(vi) (Also complete the Support Schedule in Part IV-A )

(9)

Schedule A (Form 990 or 990-EZ) 2003 Liberty Science Center 22-2302253 Page 3 Support Schedule (Complete only if you checked a box on line 10, 11, or 12.) Use cash method of accounting.

Note: You ma use the worksheet in the instructions for convertin from the accrual to the cash method of accounting

Calendar ear or fiscal ear beginning in t a 2002 b 2001 c 2000 d 1999 e Total

15 Gifts, grants, and contributions received . (Do

not include unusual grants. See line 28) . . . . 5614699 533858 8 3 809.4651 2.598.8991 17 .361 .651 1 .104.599 1 .120.4151 967

Membership fees received

Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc , purpose Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975 Net income from unrelated business activities not included in line 18

4 .7351 54

241 19

c Add. Amounts from column (e) for lines. 15 0 16 0

17 0 20 0 21 0 10, 27c 0

d Add Line 27a total . 0 and line 27b total 0 t 27d 0 e Public support (line 27c total minus line 27d total) . . . 11, 27e 0 f Total support for section 509(a)(2) test. Enter amount from line 23, column (e) . 0-27f 0

g Public support percentage (line 27e (numerator) divided by line 27f (denominator)) 1110- 27 0.00% h Investment income percentage line 18 column e numerator divided b line 27f denominator 111,- 27h 000% 28 Unusual Grants : For an organization described in line 10, 11, or 12 that received any unusual grants during 1999 through

2002, prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant. Do not file this list with your return . Do not include these grants in line 1 5

Schedule A (Form 990 or 990-EZ) 2003

16 17

18

20 Tax revenues levied for the organization's benefit and either paid to it or expended on

its behalf 0 0 0 0 0

21 The value of services or facilities furnished to the organization by a governmental unit without charge Do not include the value of

services or facilities generally furnished to the

public without charge 0 0 0 0 0

22 Other income Attach a schedule. Do not See Smt 14

include gin or loss from sale of capital assets 255, 514 313,532 127,317 95,001 791 ,364 23 Total of lines 15 through 22 20 549,049 20,622 924 19,866 094 17,996 918 79,034,985 24 Line 23 minus line 17 . 7,216,275 7,119 517 5,454,806 4322,183 24. 112 .781 25 Enter 1 % of line 23 205,490 206,229 198,661 , 179 969

26 Organizations described on lines 10 or 11 : a Enter 2% of amount in column (e), line 24 00, 26a 482 ,256 b Prepare a list for your records to show the name of and amount contributed by each person (other than a

governmental unit or publicly supported organization) whose total gifts for 1999 through 2002 exceeded the

amount shown m line 26a Do not file this list with your return. Enter the total of all these excess amounts 10, 26b 2 395 489 c Total support for section 509(a)(1) test. Enter line 24, column (e) . . . 11, 26c 24, 112 ,781 d Add. Amounts from column (e) for lines 18 1,854,351 19 0

22 791,364 26b 2,395,489 10, 26d 5041204 e Public support (line 26c minus line 26d total) . . Do- 26e 19,071 ,577 f Public suooort oercentaqe (line 26e (numerator) divided by line 26c (denominator)) . . 10, 26f 7909% 27 Organizations described on line 12: a For amounts included in lines 15, 16, and 17 that were received from a "disqualified

person," prepare a list for your records to show the name of, and total amounts received in each year from, each "disqualified person." Do not file this list with your return. Enter the sum of such amounts for each year

(2002) (2001) - (2000) (1999) ---b For any amount included in line 17 that was received from each person (other than "disqualified persons"), prepare a list for your

records to show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000 (Include in the list organizations described in lines 5 through 11, as well as individuals.) Do not file this list with your return. After computing the difference between the amount received and the larger amount described in (1) or (2), enter the

sum of these differences (the excess amounts) for each year

(10)

35 Does the organization certify that it has complied with the applicable requirements of sections 4 01 through

4 05 of Rev Proc. 75-50, 1975-2 C B 587, covering_ racial nondiscrimination? If "No," attach an explanation . I 35

Schedule A (Form 990 or 990-EZ) 2003

Schedule A (Form 990 or 990-EZ) 2003 Liberty Science Center 22-2302253 Page 4 Private School Questionnaire (See page 7 of the instructions )

To be completed ONLY b schools that checked the box on line 6 in Part IV NOT APPLICABLE

29 Does the organization have a racially nondiscriminatory policy toward students by statement in its Yes No charter, bylaws, other governing instrument, or m a resolution of its governing body? . . . 29

30 Does the organization include a statement of its racially nondiscriminatory policy toward students in all its brochures, catalogues, and other written communications with the public dealing with student

admissions, programs, and scholarships? . . . 30 31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast

media during the period of solicitation for students, or during the registration period if it has no solicitation

program, in a way that makes the policy known to all parts of the general community it serves? . 31 If "Yes," please describe; if "No," please explain. (If you need more space, attach a separate statement )

---

---

---

---

32 Does the organization maintain the following -

a Records indicating the racial composition of the student body, faculty, and administrative staffs . . 32a b Records documenting that scholarships and other financial assistance are awarded on a racially

nondiscriminatory basis . . . 32b

c Copies of all catalogues, brochures, announcements, and other written communications to the public

dealing with student admissions, programs, and scholarships? . . . 32c d Copies of all material used by the organization or on its behalf to solicit contributions? . . 32d

If you answered "No" to any of the above, please explain (If you need more space, attach a separate statement ) --- ---33 Does the organization discriminate by race in any way with respect to

a Students' rights or privileges? . . .

L33 b Admissions policies? . . . .

c Employment of faculty or administrative staff? . 33c d Scholarships or other financial assistance . . . 33d e Educational policies . . . 33e f Use of facilities . . . 33f g Athletic programs . . . 33 h Other extracurricular activities? . . . I 33h

If you answered "Yes" to any of the above, please explain. (If you need more space, attach a separate statement.) --- 34 a Does the organization receive any financial aid or assistance from a governmental agency 34a

b Has the organization's right to such aid ever been revoked or suspended? r1b If you answered "Yes" to either 34a or b, please explain using an attached statement.

(11)

Schedule A (Form 990 or 990-EZ) 2003 Liberty Science Center 22-2302253 Page 5 Imm Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions .)

(To be completed ONLY by an eligible organization that filed Form 5768)

Check t a F~ if the organization belongs to an affiliated group Check " b a if you checked "a" and "limited control" provisions apply Limits on Lobbying Expenditures

(The term "expenditures" means amounts aid or incurred )

36 Total lobbying expenditures to influence public opinion (grassroots lobbying) . . . 36 37 Total lobbying expenditures to influence a legislative body (direct lobbying) . 37

38 Total lobbying expenditures (add lines 36 and 37) 38

39 Other exempt purpose expenditures . . . . 39

40 Total exempt purpose expenditures (add lines 38 and 39) . . . 40 41 Lobbying nontaxable amount. Enter the amount from the following table-

If the amount on line 40 is- The lobbying nontaxable amount is- Not over $500,000 20% of the amount on line 40

Over $500,000 but not over $1,000,000 $100,000 plus 15% of the excess over $500,000

Over $1,000,000 but not over $1,500,000 $175,000 plus 10% of the excess over $1,000,000 41 Over $1,500,000 but not over $17,000,000 $225,000 plus 5% of the excess over $1,500,000

Over $17,000,000 $1,000,000

42 Grassroots nontaxable amount (enter 25% of line 41) 42

43 Subtract line 42 from line 36. Enter -0- if line 42 is more than line 36 . . . . 43 44 Subtract line 41 from line 38 Enter -0- if line 41 is more than line 38 44

0

0 0 0 0 Caution: If there is an amount on either Ime 43 or line 44, you must file Form 4720

4-Year Averaging Period Under Section 501(h)

(Some organizations that made a section 501(h) election do not have to complete all of the five columns below See the instructions for lines 45 through 50 on page 11 of the instructions )

0 0 0 0

50 Grassroots lobbying expenditures

Lobbying Activity by Nonelecting Public

(For reportin4 onlv by organizations that did not ItIeS

See Statement 13 ete Part VI-A) (See page 12 of

During the year, did the organization attempt to influence national, state or local legislation, including any yes No Amount attempt to influence public opinion on a legislative matter or referendum, through the use of

a Volunteers

b Paid staff or management (Include compensation in expenses reported on lines c through h.) . X c Media advertisements . . . X d Mailings to members, legislators, or the public X e Publications, or published or broadcast statements . . . X f Grants to other organizations for lobbying purposes . . X

g Direct contact with legislators, their staffs, government officials, or a legislative body See Stmt 13 X 67,783 h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means . X

i Total lobbying expenditures (Add lines c through h.) . ~ ~ 67,783 If "Yes" to any of the above, also attach a statement giving a detailed description of the lobbying activities.

Schedule A (Form 990 or 990-E2) 2003 (a)

Affiliated group I To be completed totals far ALL elecUng

Calendar year (or

fiscal year beginning in) t 45 Lobbvinq nontaxable amount

46 Lobbying ceding amount (150% of line 45(e)) 47 Total lobbying expenditures

48 Grassroots nontaxable amount

49 Grassroots ceding amount (150% of line 48(e))

Lobbying Expenditures During 4-Year Averaging Period

(a) (b) (c) (d) (e)

(12)

Schedule A (Form 990 or 990-EZ) 2003 Liberty Science Center 22-2302253 Page 6 Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations (See page 12 of the instructions )

51 Did the reporting organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting organization to a noncharitable exempt organization of: Yes No

(i) Cash . . . 51a(i) X

(ii) Other assets . . . a(ii) X

b Other transactions :

(i) Sales or exchanges of assets with a nonchantable exempt organization . . . . b(i) X (ii) Purchases of assets from a noncharitable exempt organization b(ii ) X (iii) Rental of facilities, equipment, or other assets . . . b(iii) X (iv) Reimbursement arrangements . . . b(iv) X (v) Loans or loan guarantees . . . b(v) X (vi) Performance of services or membership or fundraising solicitations . . b(vi) X c Sharing of facilities, equipment, marling lists, other assets, or paid employees . . . . I c I I X d If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value

of the goods, other assets, or services given by the reporting organization If the organization received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received

(a) (b) (c) (d)

Line no Amount involved Name of noncharitable exempt organization Description of transfers, transactions, and sharing arrangements

Schedule A (Form 990 or 990-E2) 2003

52 a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations

described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527 . . . ~ ~ Yes ~X No b If "Yes ," complete the following schedule:

(a) (b) (c)

(13)

Index

1 Form 990, Page 1, Part I, Line 8, Column (a), Sale of Securities 2 Form 990, Page 1, Part I, Line 9, Special Events

3 Form 990, Page 1, Part I, Line 10, Sale of Inventory

4 Form 990, Page 1, Part I, Line 20, Other changes m net assets

5 Form 990, Page 2 & 3, Part II, Line 42, Depreciation 8 Part IV, Line 57, Land, building & equipment 6 Form 990, Page 2, Part 11, Line 3, Other expenses

7 Form 990, Page 2, Part III, Statement of Program Service Accomplishments 8 Form 990, Page 3, Part IV, Line 58, Other Assets

9 Form 990, Page 3, Part IV, Line 65, Other Liabilities

10 Form 990, Page 4, Part IV-A, Line b(4) Other Reconciling Items & Part IV-B, Line b(4) Other 11 Form 990, Page 4, Part V, List of Officers, Directors, Trustees, & Key Employees

12 Form 990, Page 6, Part VIII, Relationship of Activities to the Accomplishment of Exempt Purposes 13 Form 990, Schedule A, Page 2, Part III, Line 1 & Page 5, Part VI-B, Description of the lobbying activities 14 Form 990, Schedule A, Page 3, Part IV-A, Line 22, Other Income

Liberty Science Center

IRS Form 990

EIN 22-2302253

For Year Ended June 30, 2004

Statement

(14)

Statement 1

Liberty Science Center IRS Form 990

EIN 22-2302253

For Year Ended June 30, 2004

Form 990, Page 1, Part I, Line 8, Column (B), Sale of Other Assets

Gross Net Gain or

Description Sales Price Cost Depreciation Book Value Loss

Computer 450 1,725 1,275 450 0

Form 990, Page 1, Part I, Line 8, Column (A), Sale of Securities

Gross FMV when Selling FMV plus Gain or Description Sales Price donated Expense Selling exp Loss Publicly traded securities 172,116 175,044 1,075 176,119 -4,003

(15)

Statement 2

Gross Receipts 770,351 Less Contributions -721,601

Gross Revenue 48,750

Less Direct Expenses -41,544

Net Income 7,206

Liberty Science Center IRS Form 990

EIN 22-2302253

For Year Ended June 30, 2004

Form 990, Page 1, Part I, Line 9, Special events

Liberty Science Center held one annual special event called "Celebration Gala". The Celebration Gala was held on May 27, 2004 at the Liberty Science Center The event was held to raise money

Celebration Gala

(16)

Gross profit 294

Liberty Science Center Statement 3

IRS Form 990 EIN 22-2302253

For Year Ended June 30, 2004

Form 990, Page 1, Part I, Line 10a through c, Sales of Inventory

Liberty Science Center operates one "science-to-go" store The program related

inventory is reported in Part I, Line 2 In addition to science, technology, museum exhibit related merchandise, the stores carry LSC souvenirs so that visitors may purchase keepsakes of their visit

Gross Sales 504 Less Costs of goods sold -210

(17)

Unrealized capital gams on investments 25,165

Liberty Science Center Statement 4 IRS Form 990

EIN 22-2302253

For Year Ended June 30, 2004

(18)

Liberty Science Center IRS Form 990

EIN 22-2302253

For Year Ended June 30, 2004

Statement 5

Total Program Management Fundraising Services & General

261,299 21,775 2,177,494 1,894,420

Depreciable Beginning Ending Life

52,077,795 52,011,840 30 years 11,054,192 12,977,951 5-10 years 6,212,015 6,283,172 5-10 years 100,347 100,347 3-5 years 69,444,349 71,373,310 -32,994,147 -35,171,641 36,450,202 36,201,669 Less accumulated depreciation

and amortization

Form 990, Page 2, Part II, Line 42, Depreciation

Form 990, Page 3, Part IV, Line 57, Land, buildings, and equipment

Depreciation expense is calculated using straight-line method based on the estimated useful lives of the assets or expected lives of the exhibits.

Building and budding improvements Exhibits

Equipment Totals

Budding and building improvements Exhibits Equipment Leasehold improvements 1,894,420 1,648,146 261,299 227,330 21,775 18,944 227,330 18,944 31,356 2,613 2,613 218

(19)

Totals 2,828,804 1,659,374 1,117,923 51,507

Liberty Science Center Statement 6

IRS Form 990 EIN 22-2302253

For Year Ended June 30, 2004

Form 990, Page 2, Part II, Line 43f, Other expenses

Total Program Management Fundraising Services & General

Utilities 519,191 0 519,191 0

Insurance 322,431 19,224 303,207 0

Outside Consultants 230,899 170,353 60,546 0 Store direct expenses 104,118 104,118 0 0

Catering 222,182 208,619 13,563 0 Traveling Exhibits/Films 805,199 805,199 0 0 Search Fees/Training 52,227 8,550 43,677 0 Stipends 15,500 15,500 0 0 Signage 51,604 50,945 659 0 Storage 39,399 35,510 3,889 0 Parking 4,640 3,600 0 1,040 Incentive Program 2,619 0 2,619 0

Credit card & bank fees 138,865 92,171 46,195 499 Payroll processing 20,312 0 20,312 0 Special Events 92,909 21,972 22,921 48,016 Volunteer Expenses 4,416 174 4,242 0 Dues/Books/Misc 32,638 5,886 24,912 1,840 Leased vehicle expenses 23,884 17,587 6,297 0

Equipment 132,889 99,966 32,811 112

(20)

The Environment Floor is the place to learn about the Earth including the atmosphere, energy

resources, life forms from reptiles to giant exotic insects, and geology, and introduces visitors to

concepts of environmental stewardship. The Environment Floor also has a "touch tank" where

guests can see marine animals up close, and an estuary with aquatic creatures.

Liberty Science Center

Statement 7

IRS Form 990

(Page 1 of 2)

EIN 22-2302253

For the Year Ended June 30, 2004

Part III, Statement of Program Service Accomplishments

Liberty Science Center is a 170,000 square foot science and technology museum located in

Jersey City, New Jersey. Its stated mission is to be "an innovative learning resource for lifelong

exploration of nature, humanity and technology, supporting the growth of its diverse region and

promoting informed stewardship of the world ."

The Center is designed to stimulate interest in science and provide educational experiences for

the general public and school audiences through interactive exhibits, programs and

demonstrations. It also extends the reach of these activities across the country and around the

world with a menu of offsite and online educational programs.

Well over nine million people have visited Liberty Science Center since its opening on January

24, 1993, and the Center reaches members of the public through a wide variety of innovative

programs. For example, in 2004 Liberty Science Center trained 1,768 teachers in inquiry-based

learning techniques; welcomed over 640,000 visitors to onsite exhibitions, films and programs;

and reached an additional nearly 250,000 learners through offsite programming (figures do not

include visits to the science center's web site).

Liberty Science Center features over 250 hands-on exhibits; a 392-seat IMAX6 Dome Theater,

which is the largest in the U.S. ; and Hi-Def films in the 300-seat J. D . Williams Theater.

Exhibits are arranged by topic on three floors - Environment, Health, and Invention . Each floor

offers hands-on exhibits, periodic live science demonstrations given throughout the day by staff

members, discovery rooms for one-on-one interactions and multi-media presentations .

The Invention Floor showcases structures, energy and light, action and effects, and encourages

the inventors in all of us. It is also the location for major traveling exhibitions from across North

America, which is changed every three months on average .

The Health Floor explores the human body and health issues through exhibits in perception,

bodies in motion and physiology. It also features the Health Floor Theater, where large plasma

screens and interactive videoconferencing technology allow students to watch live cardiac,

neurological or kidney transplant surgeries as they are being performed at area hospitals. During

the program, known as "Live From . . ." (http ://www.lsc .orb/livefrom/IivefromHome.html),

students are able to converse with members of the operating room staff and learn about

educational paths and careers in medicine as well as lifestyle choices that put patients on the

operating room table in the first place. In 2004, Live From. . . was twice broadcast to sell-out

audiences in England with news coverage across Europe and portions of the Middle East.

(21)

Liberty Science Center offers online learning resources that include the Science Behind Tobacco,

Deep Sea Science, Engineering, Brain Power, Science in Space, Wind Assessment, Roach

World, Antarctica Adventure, and other web-based learning opportunities . (See www.lsc.org.)

Liberty Science Center

Statement 7

IRS Form 990

(Page 2 of 2)

EIN 22-2302253

For the Year Ended June 30, 2004

Part III, Statement of Program Service Accomplishments (continued)

Liberty Science Center helps teachers make science curriculum more lively and relevant through

offerings available onsite, offsite and online. These include Discovery Challenges0 to help

school groups focus on specific tasks during visits to Liberty Science Center; Traveling Science,

bringing science fun to students in area schools; and Electronic Field Trips that reach schools as

far away as Iowa, France and Ireland.

In partnership with the Greater Newark Conservancy and the Newark Public Schools, Liberty

Science Center offers a Community Science Workshop for Newark schoolchildren . The CSW

opened in May 2004. Located in Newark's Central Ward at Montgomery Academy, the CSW is

an after school and summer drop-in center where students can work on self-paced math and

science projects guided by Liberty Science Center staff. The workshop also allows students to

mentor other children.

Teachers can participate in professional development workshops at their schools or at the science

center, and can spend a sabbatical year at Liberty Science Center honing their science and

technology teaching skills. Additionally, Liberty Science Center works with New Jersey's 30

"at-risk" school districts in the Partnership Program with funding provided by the New Jersey

Department of Education for teachers, administrators, students and parents. This program lets

schools develop science curricula, receive teacher training and participate in community nights .

To reach as broad a base of participation as possible, Liberty Science Center develops bilingual

(English/Spanish) programming for the special evenings. In 2004, nearly 57,000 family members

from "at-risk" districts attended Community Evenings at Liberty Science Center.

Each year, Liberty Science Center's Partnership Program staff meets with representatives from

each Abbott District to fashion a customized science education service contract. To facilitate

good communication within these districts, the science center has also established an

Ambassador Program that provides information to lead teacher contacts in every Abbott school,

allowing them to make the best use possible of Liberty Science Center resources.

A variety of special public programs for people of all ages help accomplish the objective of

making science learning engaging and memorable. "Camp-ins" is science- based overnights at

the Center for elementary and middle school-aged students while "Scout it Out" is a program that

supports the scouting zeal for discovery. During Scout it Out weekends, troops can explore

Liberty Science Center on their own, participate in a 45-minute guided program, and/or choose a

challenging activity which focuses on completion of a specific merit badge. Special "Wee Kids,"

high school and home school days offer special group-based activities and programs .

(22)

Total other assets 9,975 4,265

Liberty Science Center Statement 8 IRS Form 990

EIN 22-2302253

For Year Ended June 30, 2004

Form 990, Page 3, Part IV, Line 58, Other Assets

Beginning End Cash Advances to Employees 1,400 3,455 Transitchek on Hand 2,275 810

(23)

Public Service New Millennium Debt 2,718,750 2,430,690 Advances under capital expansion project 0 1,272,338 Capital Lease Obligations 44,257 14,811 2,763,007 3,717,839 Total other liabilities

Liberty Science Center Statement 9 IRS Form 990

EIN 22-2302253

For Year Ended June 30, 2004

Form 990, Page 3, Part IV, Line 65, Other Liabilities

(24)

Statement 10

Facility Rent Expense 296,892 Special Events Expense 41,544 Realized losses on investments 2,928 Investment selling fees 1,075 Computer disposal 450 UBI Cost of Goods Sold 210 Liberty Science Center

IRS Form 990 EIN 22-2302253

For Year Ended June 30, 2004

Form 990, Page 4, Part IV-A, Line b(4), Other Reconciling Items for Revenue Form 990, Page 4, Part IV-B, Line B(4), Other Reconciling Items for Expenses

(25)

Page 1 of 5

Liberty Science Center Statement 11

IRS Form 990

EIN 22-2302253

For the year ended June 30, 2004

Part V, List of Officers, Directors, Trustees, 8 Key Employees

(B) Title and average (D) Contributions (E) Expense hours per week to employee account and other (A) Name and Address devoted to position (C ) Compensation benefit plans allowances

ROBERT J DOUGHERTY, JR Chairman 0 0 0

President & COO 2 5 hrs/wk

PSEG Energy Holdings Inc 80 Park Plaza

Newark, New Jersey 07102-4194

WILLIAM A TANSEY, III, M D Vice Chair 0 0 0

Summit Medical Group 2 hrs/wk

85 Woodland Road

Short Hills, New Jersey 07078

BARRY L ZUBROW Vice Chair 0 0 0

Advisory Director 2 hrs/wk

Goldman, Sachs & Co

19 Country Drive, P O Box 549 New Vernon, NJ 07976

BRUCE LEVY Secretary/Treasurer 0 0 0

American National Power, Inc 2 hrs/wk 62 Forest Street

Marlborough, MA 01752

LAWRENCE E BATHGATE, II Trustee 0 0 0

Senior Partner 1 hr/wk

Bathgate, Wegener & Wolf One Airport Road

PO Box 2043 Lakewood, NJ 08701

DENNIS M BONE Trustee 0 0 0

President 5 hr/wk

Verizon New Jersey Inc 540 Broad Street Floor 20

Newark, NJ 07102

JENNIFER A CHALSTY Trustee 0 0 0

24 Taylor Road 1 hr/wk

(26)

Page 2 of 5

Liberty Science Center Statement 11

IRS Form 990

EIN 22-2302253

For the year ended June 30, 2004

Part V, List of Officers, Directors, Trustees, & Key Employees

(B) Title and average (D) Contributions (E) Expense hours per week to employee account and other (A) Name and Address devoted to position (C ) Compensation benefit plans allowances

ELIZABETH G CHRISTOPHERSON Trustee 0 0 0

Executive Director 5 hr/wk

NJ Network PO Box 777

25 South Stockton Street Trenton, NJ 08625-0777

SUSAN A COLE, Ph D Trustee 0 0 0

President 1 hr/wk

Montclair State University

Upper Montclair, New Jersey 07043

JAMES J COLEMAN, JR Trustee 0 0 0

Chairman 5 hr/wk

International Matex Tank Terminals (IMTT) 321 St Charles Avenue

New Orleans, LA 70130

STUART D COOK, M D Trustee 0 0 0

President 5 hr/wk

University of Medicine and Dentistry of NJ Office of the President

65 Bergen Street Newark, NJ 07107

JAMES A COURTER Trustee 0 0 0

President and Vice Chairman 5 hr/wk IDT Corporation

530 Broad Street Newark, NJ 07102

GLENN D CUNNINGHAM Trustee 0 0 0

Mayor 5 hr/wk

City of Jersey City 280 Grove Street

Jersey City, New Jersey 07302

LINDA DENNERY Trustee 0 0 0

Publisher 1 hr/wk

The Star-Ledger One Star-Ledger Plaza Newark, New Jersey 07102

(27)

Page 3 of 5

Liberty Science Center Statement 11

IRS Form 990 EIN 22-2302253

For the year ended June 30, 2004

Part V, List of Officers, Directors, Trustees, 8 Key Employees

(B) Title and average (D) Contributions (E) Expense hours per week to employee account and other (A) Name and Address devoted to position (C ) Compensation benefit plans allowances

ELINOR JOHNSTONE FERDON Trustee 0 0 0

Past Chair, Board of Governors 5 hr/wk

United Way of America 47 Litchfield Way P O Box 255

Alpine, New Jersey 07620-0255

LUCINDA COLEMAN FLORIO Trustee 0 0 0

76 Linden Avenue 1 hr/wk

Metuchen, NJ 08840

CARLOS HERNANDEZ, Ph D Trustee 0 0 0

President 1 hr/wk

New Jersey City University 2039 Kennedy Boulevard Jersey City, NJ 07305-1597

DAVID P HOLVECK Trustee 0 0 0

President 5 hr/wk

Johnson & Johnson Development corp 145 King of Prussia Road

Radnor, PA 19087

JYLL HOLZMAN Trustee 0 0 0

Senior Vice President 5 hr/wk

Advertising Department The New York Times

229 West 43rd Street, 2nd Floor New York, New York 10036

WILLIAM R K INNES Trustee 0 0 0

President 5 hr/wk

ExxonMobd Research and Engineering Co 3225 Gallows Road Room 6A-0203 Fairfax VA 22037

ATUL R KANAGAT Trustee 0 0 0

Director (Retired) 2 hr/wk

McKinsey & Company 43 Blackburn Road

(28)

Liberty Science Center Statement 11 IRS Form 990

EIN 22-2302253

For the year ended June 30, 2004

Part V, List of Officers, Directors, Trustees, & Key Employees

(B) Title and average (D) Contributions (E) Expense hours per week to employee account and other (A) Name and Address devoted to position (C ) Compensation benefit plans allowances

GOVERNOR THOMAS H KEAN Trustee 0 0 0

President 25 hr/wk

Drew University Presidents House

Madison, New Jersey 07940 Represented by Ronald Ross

Assistant Vice President for Development and Alumni Affairs Drew University Madison, NJ 07940 STEVEN POZYCKI President SJP Properties

Morns Corporate Center IV 379 Interpace Parkway Parsippany, NJ 07054

MARC E ROBINSON President

Consumer Healthcare, Pfizer, Inc 201 Tabor Road

Morns Plains, NJ 07950

KENNETH ROSENTHAL President

The Seeing Eye PO Box 375

Morristown, NJ 07963-0375

JONATHAN R SPICEHANDLER, M D President

Schering-Plough Research Institute 30 Lake Road

Short Hills, NJ 07078

THOMAS J STANTON III Managing Principal Licensed Broker The Staubach Company 430 Mountain Ave, 4th Floor Murray Hill, NJ 07974 Page 4 of 5 Trustee 0 0 0 1 hr/wk Trustee 0 0 0 5 hr/wk Trustee 0 0 0 1 hr/wk Trustee 0 0 0 5 hr/wk Trustee 0 0 0 1 hr/wk

(29)

Liberty Science Center Statement 11 IRS Form 990

EIN 22-2302253

For the year ended June 30, 2004

Part V, List of Officers, Directors, Trustees, & Key Employees

(B) Title and average (D) Contributions (E) Expense hours per week to employee account and other (A) Name and Address devoted to position (C ) Compensation benefit plans allowances

ELIZABETH STONER Trustee 0 0 0

0 0 0 0 0 Trustee 5 hr/wk 0 0 0 0 JOHN R WHITMAN

President & Manageing Partner Sycamore Management Corporation 845 Alexander Road

Princeton, NJ 08543

JOSEPH D WILLIAMS Chairman Emeritus Warner-Lambert Company 55 Madison Avenue, Fourth Floor

Mornstown, New Jersey 07960

Page 5 of 5

Senior Vice President, Project Management Clinical Service & Product Development

Merck Research Laboratories RY34 A564

126 East Lincoln Avenue PO Box 2000

Rahway, NJ 07065

JOSH S WESTON Honorary Chairman

Automatic Data Processing, Inc One ADP Boulevard

Roseland, New Jersey 07068

D BRUCE WHEELER President

Fleet - New Jersey Mail Stop NJ RP 45004L 301 Carnegie Center Princeton . NJ 08543 25 hr/wk Trustee 2 hrs/wk 0 Trustee - 0 1 hr/wk Trustee 0 2 hrs/wk

(30)

Liberty Science Center IRS Form 990

EIN 22-2302253

For Year Ended June 30, 2004

Statement 12

103d Other fees and other income are various items of miscellaneous items such as community outreach funding, group reservations fees,

box office sales fees , various miscellaneous fees and other income.

Form 990, Page 6, Part VIII, Relationship of Activues to the Accomplishment of Exempt Purposes Line

Number Explanation

93a School contracts are for New Jersey's thirty Abbott districts which are "at-risk" public schools and school districts Liberty Science Center provides students, teachers, and families from New Jersey's thirty Abbott districts with a menu of on-site, off-site, and on-line experiences that address the science education

needs of these underserved communities.

93b Admission fees are to allow access to exhibits, demonstrations, and certain educational programs as described in Part III in accordance with

LSC's mission of an innovative learning resource for lifelong exploration of nature, humanity, and technology

93c The Museum stores offer educational merchandise for all ages that allows at-home continuation of the Museum experience. The Museum stores offer an innovative array of science products, books, and toys to complement the exhibits at Liberty Science Center

93d Education programs include school assembly programs, school classroom workships, Camp-In fees, Scout It Out programs, and professional

development for teachers in teaching of science

94 Membership dues allow access to exhibits and certain educational programs as described in Part III in accordance with LSC stated mission

101 LSC's special event celebrates its programs and exhibitions and benefit its operations LSC holds an annual Gala. A portion of the special event ticket is a tax-deductible contribution and a portion is the non-deductible value of the goods or services provided

103b Processing fees are extra charge per admission tickets to make advance reservations to allow access to exhibits, demonstrations, and

(31)

Statement 13

Liberty Science Center engages the services of The National Group, LLP to prepare testimony for presentation before all relevant committees of the Congress, to develop legislative strategies concerning initiatives, to serve as liaison to government agencies; and to try to obtain government appropriations for Liberty Science Center in government bills.

Liberty Science Center

Liberty Science Center IRS Form 990

EIN 22-2302253

For Year Ended June 30, 2004

Form 990, Schedule A, Page 2, Part III, Line 1 8 Part VI-B, Lobbying Activities

(32)

Liberty Science Center IRS Form 990

EIN 22-2302253

For Year Ended June 30, 2004

Statement 14

Form 990, Schedule A, Page 3, Part IV-A, Line 22, Other Income FY2003 FY2002 FY2001 FY2000

Description 2003 2001 2000 1999 TOTAL Food 87,365 127,452 117,360 201,959 534,136 Vending Machine 0 0 0 1,712 1,712

Conferences 0 0 0 0 0

Processing Fee 785 1,805 3,052 3,028 8,670 Locker Coat Room 8,413 13,208 13,474 3,702 38,797

Lunch Room 0 0 0 0 0

Electronic Field Trip 0 0 0 250 250

IMAX Premiers 0 0 0 342 342

Misc Event 0 0 64,049 38,552 102,601 Other Fees & Income 152,362 166,328 0 0 318,690 Special Events, net 6,589 4,739 -70,618 -154,544 -213,834 Totals 255,514 313,532 127,317 95,001 791,364

(33)

June 30, 2004 and 2003

Liberty Science Center, Inc.

(34)

Page(s)

Report of Independent Auditors ... ... . . .. . . .. . ... . ... . . ... . ... . ... . .... . ... . .. . . .. . . .. . . .. . ... . .. . . .. . . .. . . .. . . .. . .. . .. . . .. . . ... ... . ... . .. . . I

Financial Statements

Statements of Financial Position .... ... . . .. . . .. . ... . . .. . . ... . ... . ... . ... . .... . ... . .. . . .. . . .. . ... . ... . . .. . . .. . . .. . .. . ... . .. . ... . . ... . ... . ... . ... . ..2

Statements of Activities . .. . . .. . . .. . . .. . . .. . .... ... . . ... . ... . ... . . .. . . .. . . ... . . ... . ... . ... . ... . .. . . ... . ... . .. . . .. . ... . .. . . ... . .. . . .. . ...3

Statements of Cash Flows . .. . ... . .... ... . . . . . .. . . .. . . . .. . . .. . . .. . . .. . ... . . .. . .. . . ... . . .. . ... . ... . ... . ... . .. . . .. . . ... ... . . .. . . . . ... . .... ... .4

Notes to Financial Statements .. .. . . .. . . . . . .. .... . ... . ... . ... . . .. . . . . ... . . .. . . .. . ... . ... . .. . . .. . . .. . . .. . ... . ... . .. . ... . .... . ... . .. . . ..5-12

Liberty Science Center, Inc.

Index

Figure

Updating...

References

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