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Ce
le
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at i n g 5 0 Y e a r
s
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14
AN
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11
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YSCI Neighbors program
launches to create enriched STEM learning in the local com
munity.
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09
Rocket Park M
ini Golf opens, the nation’s only m
ini golf course themed around the physics of space flight.
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05
N
YSCI initiates early childhood learning programs w
ith new perm
anent exhibition space.
20
10
The Sara Lee Schupf Fam
ily Center for Play, Science and Technology Learning (SciPlay) is established.
20
10
N
YSCI hosts the inaugural World M
aker Faire in New
York.
Ce
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90
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YSCI offers its first professional development program
for teachers.
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YSCI establishes the Science Career Ladder, providing job and mentoring opportunities to youth.
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64
H
all of Science of the City of New
York opens at the New
York World’s Fair.
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04
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orth Wing expansion opens w
ith groundbreaking exhibitions: Connections: The Nature of N
etworks and The Sports Challenge.
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Largest science playground in N
orth America opens.
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AN
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• N
EW
YO
RK
HA
LL
OF
SC
IEN
CE
20
11
N
YSCI Neighbors program
launches to create enriched STEM learning in the local com
munity.
20
09
Rocket Park M
ini Golf opens, the nation’s only m
ini golf course themed around the physics of space flight.
20
05
N
YSCI initiates early childhood learning programs w
ith new perm
anent exhibition space.
20
10
The Sara Lee Schupf Fam
ily Center for Play, Science and Technology Learning (SciPlay) is established.
20
10
N
YSCI hosts the inaugural World M
aker Faire in New
York.
NYSCI’s founding at the 1964 – 65 New York World’s Fair marked a pivotal moment
in time — when science and technology inspired a generation of people to reimagine
the world as they knew it, leading to the scientific and technological revolution we
have witnessed in the last 50 years.
Today, NYSCI continues to empower children, teachers and families with the idea
that science and technology are shaping our lives, and we can help chart the course.
This year, we embarked on the creation of a strategic plan to align everything we
do with our distinctive Design-Make-Play philosophy. In the coming year, we will
celebrate the completion of our $50 million campaign, reopen our newly reno-
vated 1964 Great Hall, launch groundbreaking new exhibitions, expand our signa-
ture Science Career Ladder program, and create a suite of digital tools that teach
science and math far beyond the walls of the museum. Much of this work is already
underway, as this report reveals.
Through our work, we are transforming science, technology, engineering and math
(STEM) learning in our own community and beyond. We are grateful to all of our
supporters for helping sustain NYSCI as New York City’s premiere hands-on science
and technology center and an international leader in informal STEM education.
PR
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Margaret Honey, President & CEO
Every day, NYSCI works to inspire the world about science and invention through a
guiding philosophy we call Design-Make-Play.
Open-ended exploration, imaginative learning, personal relevance, deep engage-
ment and delight are the defining characteristics of this approach — and together
they have been proven to inspire passionate STEM learners. NYSCI engages diverse
communities of learners by fostering the excitement of self-directed exploration
and by tapping into the joy of learning that is intrinsic in young people’s play.
This transformative model for STEM not only invites broad participation, but also
makes learning irresistible.
Throughout NYSCI, exhibitions, programs and events provide multiple entry points,
making STEM concepts and ideas accessible and inviting to learners of all ages and
backgrounds. Over the past three years, NYSCI has grown its research capacity
by significantly increasing its team of scientists, researchers and evaluators with
the goal of establishing the institution as an incubator of new STEM programs
designed to transform learning. NYSCI is committed to partnerships that extend
its impact locally, nationally and internationally, and its recent work has garnered
support from leading foundations and companies. NYSCI staff and Explainers have
participated in a number of prestigious events, including two visits to the White
House celebrating the power of science and the potential of making.
PH
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In May 2014 NYSCI lost a singular force in its family, Dr. Alan J. Friedman, who led
the institution from 1984 until 2006.
At the core of Alan’s vision for NYSCI was the commitment to provide opportuni-
ties for high school and college students to develop their interests in science by
sharing the experience of discovery with others. For nearly 30 years, the brilliance of
that vision has been proven through the many programs Alan created and inspired,
most notably the Science Career Ladder. The Science Career Ladder has served
over 3,000 youth since its inception, employing them as Explainers and providing
them with mentoring, apprenticeships and networking opportunities to help them
prepare for careers in STEM fields.
To honor his memory and carry on his legacy, NYSCI established the Alan J.
Friedman Center for the Development of Young Scientists with seed funding from
the Noyce Foundation, where Alan served as a trustee. The Friedman Center will
not only sustain the Science Career Ladder, but also enable the creation of addi-
tional programs to cultivate the interests and careers of young scientists. In addi-
tion to the Science Career Ladder, the Friedman Center includes expanded initiatives
like the Innovation Institute that engages high school students in next-generation
entrepreneurial activities; STEM Career Nights for aspiring young scientists to
learn from STEM professionals; Explainer TV, which teaches video production and
photography; and Science Career Ladder Residencies for growth and development
training in STEM fields.
Design Lab is a revolutionary innovation laboratory for STEM learning. Unveiled in
spring 2014, this 6,300-square-foot permanent exhibition provides a multi-faceted,
hands-on experience where visitors of all ages learn the fundamentals of engineering
through design.
Design Lab is comprised of distinct activity areas that emphasize different
approaches to creativity, collaboration and problem solving that are personally
relevant and purposeful. Within each area — Studio, Treehouse, Backstage and
Sandbox — students, teachers and families are invited to engage in activities that
provide a deeper understanding of the engineering and design process. With facil-
itated activities, curriculum resources and professional development offerings,
Design Lab enables school groups and teachers to transfer design and engineering
concepts from NYSCI back into their classrooms. The exhibition, activities and
resources have been co-developed with Design Lab fellows, a cadre of committed
New York educators, who have been key to ensuring the alignment of the content
with the Common Core Math and Next Generation Science Standards.
Design Lab is made possible with generous support from Phyllis and Ivan Seidenberg,
the Verizon Foundation, Office of Naval Research and the Xerox Foundation. The
Verizon Foundation provided seed funding for Design Lab that supported the partic-
ipation of teachers to contribute to and inform the exhibition.
DE
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NYSCI’s mission of transforming STEM learning is exemplified by SciPlay — the
Sara L. Schupf Family Center for Play, Science, and Technology Learning.
An applied research and development center, SciPlay’s talented staff work to create
the next generation of interactive and instructional tools for bringing the Design-
Make-Play philosophy to learners around the globe. With the goal of leveraging
children’s play for science learning, SciPlay develops research-based products and
finds ways to integrate play and playfulness more deeply into children’s learning,
as well as highlighting the learning inherent in their natural play.
This year, the research team is developing a suite of digital and curricular tools
that draw on children’s physical play as the basis for learning physics concepts.
The SciPlay Squad, a group of middle school students who meet after school, help
to test and provide input into the development of these tools. SciPlay researchers
are also exploring the use of playfulness as a pedagogical approach for introducing
science ideas to preschool children through a set of new mobile applications.
SC
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Virtual Visits
More than 400 chronically ill, hospitalized and
homebound students access STEM exhibits, courses and
labs through NYSCI’s Virtual Visits. The program utilizes
new and innovative technology such as an interactive
videoconferencing platform, provided by Cisco,
and a remote-controlled VGo robot, provided by Verizon,
that allows this vulnerable population to participate in
NYSCI’s programs from a distance. Virtual Visits enable
chronically ill middle school and high school students
to interact directly with the museum’s exhibitions,
participate in state-mandated chemistry and biology labs,
and allow children in multiple hospitals to connect with
one another, simulating the feel of a live classroom.
Ocean inquiry
NYSCI and its partners released a new report that takes
a fresh look at the state of ocean science education in
formal and informal settings, highlighting an urgent
need for ocean science literacy. The consortium —
COSEE OCEAN (Centers for Ocean Sciences Education
Excellence Ocean Communities in Education And
Social Networks) — produced a reference guide including
hundreds of resources and tools that scientists,
educators and organizations can use to improve the
understanding of such major concerns as global climate
change, energy sources and uses, the health of local and
global ecosystems, and natural resources.
World Maker Faire
The 4th annual World Maker Faire — a cross between a
county fair and the most interesting science fair ever —
brought together 600 makers and 75,000 visitors for
a weekend of creativity, discovery, innovation and the
required determination and complexity of realizing
an idea in the marketplace. World Maker Faire attracts
families, educators, engineers, artists, technologists,
enthusiastic entrepreneurs, as well as global corporate
leaders to connect, tinker and make, reinvigorating the
spirit of American invention and engagement in STEM.
After visiting World Maker Faire at NYSCI, Senator
Kirsten Gillibrand announced new legislation to advance
K–12 education programs in STEM, improve teaching
and learning in these fields, and promote innovation and
invention among young people in New York.
False Conviction
In collaboration with the Innocence Project and
Pulitzer Prize-winning journalist Jim Dwyer, NYSCI
published False Conviction: Innocence, Guilt & Science.
The iBook, designed for use on an iPad, focuses on real
cases in which eyewitness accounts, confessions and
crime lab tests led to false convictions, and where DNA
evidence subsequently helped exonerate the inno-
cent. Interactive science experiences — where one can
examine DNA, match a bullet to the gun that fired it, and
explore crime scene photos — will change how people
view the role of science in the legal system.
girls First Digital studio
Girls First Digital Studio provides the chance for girls
and young women to gain skills in computational design,
from conceptualization to prototyping to production.
Through workshops, participants become adept at
programming and design in 3D virtual worlds,
digital media and communication tools. Student projects
include the creation of online environments where
participants share digital art and stories. Girls First
Digital Studio promotes critical thinking, creativity,
collaboration, media and technology skills and exposes
girls to female professionals who work in computer
science and technology fields.
international impact
NYSCI has created an international footprint, delivering
programs and presentations around the world, including
the Science Center World Summit in Belgium and the
Bangkok Science Festival in Thailand. In partnership
with Tufts University, and with support from USAID,
NYSCI staff have created SMART Lab, a program that
provides professional development to 500 secondary
school teachers and 10,000 students in Indonesia.
NYSCI advises on the creation of makerspaces,
develops activities, and supports teachers to ignite the
imaginations of both university and high school students.
Human Plus
Human Plus: Real Lives + Real Engineering was a NYSCI
project resulting in a traveling exhibition that debuted in
November 2013. The exhibition invites visitors to
explore engineering that enhances people’s abilities,
focusing on people with physical disabilities. With
funding from the National Science Foundation, and in
partnership with research engineers — many of whom
have disabilities themselves — the exhibition shows how
engineering is a creative process that solves real world
problems. Featuring stories of skiers who are blind,
dancers who use their own crutches to perform, and the
daily challenges of veterans who have lost limbs, the
exhibition shows how low and high tech tools can extend
human abilities.
Making at nYsCi
Maker Space is a learning environment at NYSCI
where children, teens, adults and families can tinker,
design and create together. Through a series of
workshops like Make Academy, young people use real
tools, such as soldering irons, sewing machines,
3D printers and more, to make things and reuse
everyday materials in novel ways. From woodworking
and plaster casting to electronics and 3D printing,
NYSCI encourages experimentation and open-ended
exploration, and believes that making mistakes is a
great way to learn. Even children as young as 18
months old can participate in DIY workshops through
NYSCI’s Little Makers program.
Thank you to all who support NYSCI.
Fiscal Year 2014 ( July 1, 2013 to June 30, 2014) grants and gifts including multi-year awards:
$500,000+Department of EducationNational Institute of HealthNational Science FoundationOffice of Naval Research
$100,000 – $499,999Hebrew Technical InstituteInstitute of Museum and Library ServicesThe Liu FoundationNew York Community TrustThe Pinkerton FoundationTargetTime Warner Cable Inc.The Walt Disney Company
$50,000 – $99,999Altman Foundation Beatty Robotics Cognizant Technology Solutions Consolidated Edison Company of NYEducational Projects Foundation FJC HBO The Kupferberg Foundation Los Angeles Dodgers LLC New York State Council on the ArtsNYC Department of Cultural AffairsPhyllis and Ivan G. Seidenberg Verizon Communications and the Verizon Foundation
$20,000 – $49,999Alcatel-Lucent Technologies Bank of New York Mellon Ciena Citi Clear Channel Communications Inc.Crown Castle
Nicholas and Anita Donofrio Ericsson Finsbury Golden Family Foundation Holland & Hart LLP The Hyde and Watson FoundationIBM CorporationJuniper NetworksKimberly-Clark The Lambent Foundation Fund of Tides FoundationLily Auchincloss Foundation May and Samuel Rudin Family FoundationMetLife Foundation Morgan Stanley New York Mets New York State Pollution Prevention InstituteOvation Paul, Weiss, Rifkind, Wharton & Garrison Pfizer Inc. The Pumpkin Foundation/ Joseph H. and Carol F. Reich Melissa Vail and Norman Selby
$10,000 – $19,999Accenture LLP Aljazeera America Allen & Company LLC American Tower Corporation ARRIS Astoria Bank Barker Welfare Foundation Benenson Strategy Group Bloomberg The Boston Consulting Group CBS Foundation Inc. Beth and Ravenel Curry Francisco D’Souza Debevoise & Plimpton LLP Deloitte & Touche LLP Seth H. Dubin and Barbara E. FieldEdwards Wildman Palmer LLP Equinix
Ernst & Young US LLC Anna Ewing Joseph Ficalora Fox News Channel and Fox Business Network Fujitsu Network CommunicationsHogan Lovells US LLP Jack Hughes In Demand Independent Chemical Jean and Louis Dreyfus FoundationKaye Scholer LLP KPMG Peat Marwick Latham & Watkins Liberty Mutual Group The Madison Square Garden CompanyMary Jane and George McCartneyMcGuire Woods LLP Moody’s Investors Service Shankar Narayanan New York Public Radio Nokia Siemens Networks US LLCOpenTV Rainbow Media Holdings Inc. Rentrak Corporation The Robert Bowne Foundation Saatchi & Saatchi Linda S. Sanford Stephen and Maxine Sands Sara Lee and Axel Schupf Scripps Networks Lisa and Alan Sinsheimer Univision Visible World Inc. Sue and Edgar Wachenheim III Wargo & French LLP The Winston Foundation Xerox Corporation
23
$5,000 – $9,999Anthony Asnes and Regan HealeyAdmiral Construction LLC Black Arrow Chicago Tribune Cisco Credit Suisse (USA) Dentsu 360i Deutsche Bank Americas FoundationDewey Pegno & Kramarsky LLP EMC Corporation Ensequence Samuel C. and Judith H. FlormanGame Show Network Amanda Goddard Google Inc. Home Front Communications Margaret Honey, Ph.D. and Ronald Thorpe, Ed.D. Edward and Deborah Horowitz Jill and Jeffrey Libshutz Paul and Marilyn Malchow Maslansky and Partners Max and Sunny Howard Memorial Foundation McGraw Hill Financial The Nielsen Company PricewaterhouseCoopers LLP Proskauer RR Donnelley Jeffrey Salkin Samsung Telecommunications Americas, LLCJoshua Sandbulte and Tracey Strauss Anil Shirvastava and Namita LuthraSony Corporation of America Alfred Spector Starz Entertainment Ari Zweiman
$1,000 – $4,999Abernathy MacGregor GroupAlyson and John ArcherAmerican Friends of Saanen HospitalJose Arocho Judy and Howard BerkowitzBrocade CA Technologies Robert B. Catell Central Parking System Charina Foundation The Cioffi Family CommCore Consulting Group Concurrent Corning Incorporated Atul DubeyThomas Dubin Martin DuusEnnead Architects Stuart Fischer and Jeanette Mall Morrison Foerster Anne Friberg GAB Associates Insurance Brokerage Inc. Nancy GarveySibyl R. Golden Golin Harris Gabriele Gossner Bernice Grafstein, Ph.D. James Higgins Intrado Invision Inc. Thomas Campbell Jackson and Pamela Brandt Jackson Paul and Barbara Jenkel George P. Johnson Sandra and Michael Kamen Mr. and Mrs. George KaufmanPeter S. Knight and Gail Britton Kay E. KochenderferJames and Barbara Korein Lawrence LindenPaul J. Maddon, M.D., Ph.D. Carole and Harvey MallementWednesday Martin and Joel H. Moser, Esq.
Tracy and John Mayo-Smith Anthony J. Melone MicrosoftStephen and Vicki Morris Mozilla Foundation National Hockey League Carol OstrowThe Overbrook Foundation PepsiCo Inc. Mary L. PolanDevesh Raj and Tara Acharya Revolt TV & Media Bonnie Roche-Bronfman The Barry and Evelyn Salzberg Foundation Scott SchaflerSinclair Broadcast Group, Inc.SP+Staples Advantage David Swope Syracuse University Michele and Michael TrogniUbee Interactive Inc. Viacom International Inc. Margo and Anthony Viscusi Laura Walker and Bert Wells The Warren J. and Florence Sinsheimer Foundation
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Campaign gifts ( July 1, 2009 to June 30, 2014) grants and gifts including multi-year awards:
$1,000,000+Cisco (in-kind)Beth and Ravenel CurryThe Bill and Melinda Gates FoundationGolden Family FoundationGoogle Inc.The JPB FoundationSarah Lee and Axel Schupf and the Lubin Family FoundationPhyllis and Ivan G. SeidenbergMarilyn and Jim SimonsVerizon Communications and the Verizon Foundation
$500,000 – $999,999Carson Family Charitable TrustThe Kupferberg FoundationThe NASDAQ OMX Group Inc.The Noyce FoundationThe Walt Disney Company
$100,000 – $499,999American ExpressBank of New York MellonBooth Ferris FoundationThe Peter and Carmen Lucia Buck FoundationCognizant Technology SolutionsThe Countess Moira Charitable FoundationFrancisco D’SouzaThe Arthur Vining Davis FoundationsNicholas and Anita DonofrioThe Camille & Henry Dreyfus FoundationJoseph FicaloraThe Hearst FoundationsHebrew Technical InstituteJ.P. Morgan Chase
Jesse and Joan Kupferberg Family FoundationThe Lambent Foundation Fund of Tides FoundationThe John D. and Catherine T. MacArthur FoundationMetLife FoundationThe Gordon and Betty Moore FoundationMotorola Solutions FoundationNew York Community Bank FoundationNew York Community TrustNew York Life FoundationThe Pinkerton FoundationRichmond County Savings FoundationThe Rockefeller FoundationAlfred P. Sloan FoundationJames W. StevensTime Warner Cable Inc.Melissa Vail and Norman SelbyMargo and Anthony ViscusiXerox Corporation
$50,000 – $99,999Anthony Asnes and Regan HealeyCarnegie Corporation of New YorkSeth H. Dubin and Barbara E. FieldFJCSamuel C. and Judith H. FlormanThe Ford FoundationEdward and Deborah HorowitzWednesday Martin and Joel H. Moser, Esq.Gary B. Pillersdorf, Esq.Stephen and Maxine SandsThe Morris and Alma Schapiro FundLisa and Alan Sinsheimer
$20,000 – $49,999Anna EwingThe Hyde and Watson FoundationK D & EEwing Marion Kauffman FoundationJill and Jeffrey LibshutzMary Jane and George McCartneyAnthony J. MeloneThe Pumpkin Foundation/ Joseph H. and Carol F. ReichJane SaferLinda S. SanfordSeth Sprague Educational and Charitable FoundationBert Wells and Laura Walker Jeffrey S. WilponKurt D. Woetzel
$5,000 – $19,999George Campbell Jr., Ph.D.The Cioffi FamilyIsambard Kingdom Brunel Society of North AmericaL’Oreal USA Inc.The Lehmann Family FundPaul and Marilyn MalchowStuart Fischer and Jeanette MallNeuberger Berman FoundationThe Susan and Elihu Rose FoundationThe Edward John and Patricia Rosenwald FoundationSamueli FoundationAnil Shirvastava and Namita LuthraSinger Sewing Company (in-kind)
Campaign for NYSCI
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Alan J. Friedman Center for the Development of Young Scientists
$500,000+The Noyce Foundation
$50,000 – $99,999Alfred P. Sloan Foundation $20,000 – $49,999The Pinkerton Foundation
$10,000 – $19,999Consolidated Edison Co. of NY
$5,000 – $9,999Anthony Asnes and Regan HealeyConstance CaseyNicholas and Anita DonofrioHoward and June EntmanThe Kupferberg FoundationJane SaferCecily Cannan Selby, Ph.D.Melissa Vail and Norman SelbyHarold Varmus, M.D.Margo and Anthony Viscusi
$1,000 – $4,999Alyson and John ArcherHarold and Barbara ChapnickSeth H. Dubin and Barbara E. FieldStuart Fischer and Jeanette MallFriends of the NC State Museum of Natural SciencesLawrence GoldbergerGreenlight CapitalSatendra GuptaMarilyn C. Hoyt and Dan WhartonJaime LesterAnita Boggia MandlThe Museum GroupNew York Community Bank FoundationPendred NoyceSara and Axel SchupfPhyllis and Ivan SeidenbergEric Siegel and FamilyGillian ThomasAri Zweiman
additional supportersMarianna AdamsBarbara Ando and Jerry BoothSally J. ArteserosKristine BarneyGail BensingerBrooklyn Academy of MusicStephen and Marjorie BrownGlenn Porter and Barbara ButlerSandra CallahanDavid E. ChesebroughAnn P. CradockCatherine CramerMary Crovo ClarkRaylene DecaturCarol C. DonleyJane DunneDarcie Forman Museum ExhibitionsLucy FriedmanEllen GiustiMonica GuzmanKiryn Haslinger HoffmanMargaret Honey, Ph.D. and Ronald Thorpe, Ed.D.Julie I. JohnsonBonnie KaiserKaren D. KingKim M. Kozbial-Hess and Charles R. HessRaissa LandorBruce LewensteinRobert Lichter and Diane Scott-LichterRobert LoganSusan MandlEllen MappenEllen McCallieMary Jane and George McCartneyMary Ellen MunleyTrevor NesbitNayibe Nunez-BergerNancy PalmerHilary PenningtonSusan PimentelMary Record
Kathleen L. RydarPinky H. SanghviNancy J. SchenkGeno SchnellMarsha L. SemmelRichard J. ShavelsonJasper L. Smith, Jr. and Frann H. SmithDianne H. SmithCary SneiderJudith G. and Martin H. SparJames and Mimi StevensCharles and Nancy TrautmannDavid UckoSusan B.F. WagemanEllen WahlLinda WeinerSugie and Martin WeissRobert M. and Jean West
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stateMent OF aCtiVities Year Ended June 30, 2014 (with summarized totals for the year ended June 30, 2013)______________________________________________________________________________________________________ Unrestricted Temporarily Permanently 2014 Total 2013 Total Restricted Restricted______________________________________________________________________________________________________OPerating inCOMeContributions $ 4,552,737 $ 3,045,279 $ — $ 7,598,016 $ 14,886,997In-kind contributions 737,386 156,568 — 893,954 2,630,866Appropriations from the 1,280,388 7,130,870 — 8,411,258 4,117,485 City of New York Admissions, workshops, memberships 3,240,359 — — 3,240,359 3,335,106 and exhibit feesUse of facilities and other income 507,870 — — 507,870 482,410Investment return, net 326,069 34,406 — 360,475 225,811Auxiliary activities 325,659 — — 325,659 300,316______________________________________________________________________________________________________Subtotal 10,970,468 10,367,123 — 21,337,591 25,978,991Net assets released from restrictions 11,423,879 (11,423,879) — — —______________________________________________________________________________________________________total Operating income 22,394,347 (1,056,756) — 21,337,591 25,978,991______________________________________________________________________________________________________OPerating eXPensesProgram Services Exhibits 6,793,613 — — 6,793,613 6,344,897Education 3,858,429 — — 3,858,429 3,537,039 Science 4,984,840 — — 4,984,840 5,982,425Public programs 980,561 — — 980,561 955,468Program planning 206,984 — — 206,984 226,554______________________________________________________________________________________________________total Program services 16,824,427 — — 16,824,427 17,046,383______________________________________________________________________________________________________Supporting Services Management and general 2,104,843 — — 2,104,843 1,668,319Fundraising 3,022,635 — — 3,022,635 2,602,220Marketing and communications 291,479 — — 291,479 276,546______________________________________________________________________________________________________total supporting services 5,418,957 — — 5,418,957 4,547,085______________________________________________________________________________________________________total Operating expenses 22,243,384 — — 22,243,384 21,593,468______________________________________________________________________________________________________excess (Deficit) of Operating income Over Operating expenses 150,963 (1,056,756) — (905,793) 4,385,523______________________________________________________________________________________________________nOn-OPerating inCOMeInvestment income 249,173 46,254 — 295,427 258,857Contributions — — 1,000 1,000 60,425______________________________________________________________________________________________________Change in net assets 400,136 (1,010,502) 1,000 (609,366) 4,704,805______________________________________________________________________________________________________net assets______________________________________________________________________________________________________Beginning of year 5,035,060 63,907,736 395,425 69,338,221 64,633,416______________________________________________________________________________________________________End of year $ 5,435,196 $ 62,897,234 $ 396,425 $ 68,728,855 $ 69,338,221______________________________________________________________________________________________________
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stateMent OF FinanCial POsitiOn Year Ended June 30, 2014 (with comparative amounts at June 30, 2013)______________________________________________________________________________________________________ 2014 2013______________________________________________________________________________________________________assetsCash and cash equivalents $ 411,075 $ 2,413,679Grants, contributions and pledges receivable, net 7,431,494 12,316,167 Prepaid expenses and other assets 597,323 359,539 Investments 4,603,974 4,202,306Investments — board designated 1,941,238 1,773,620Investments — restricted 396,425 395,425Property and equipment, net 4,986,023 3,304,351Contribution value of the use of land, building and building improvements, net 50,366,184 46,168,168______________________________________________________________________________________________________total assets $ 70,733,736 $ 70,933,255______________________________________________________________________________________________________liabilities anD net assetsLiabilitiesAccounts payable and accrued expenses $ 1,785,080 $ 1,288,736Deferred revenue 219,801 306,298______________________________________________________________________________________________________total liabilities 2,004,881 1,595,034______________________________________________________________________________________________________Net AssetsUnrestrictedUndesignated 2,328,886 1,954,043Board designated for special programs 1,941,238 1,773,620Net investment in plant 1,165,072 1,307,397______________________________________________________________________________________________________total Unrestricted 5,435,196 5,035,060______________________________________________________________________________________________________Temporarily Restricted 62,897,234 63,907,736Permanently Restricted 396,425 395,425______________________________________________________________________________________________________total net assets 68,728,855 69,338,221______________________________________________________________________________________________________total liabilities and net assets $ 70,733,736 $ 70,933,255______________________________________________________________________________________________________
In 2014 NYSCI adopted a more conservative method of recognizing grant revenue, which resulted in a one-time $3.4 million decrease in grants, contributions and pledges receivable (see Statement of Financial Position) and in temporarily restricted contributions (see Statement of Activities).
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Officers
Francisco D’Souza, Co-ChairMelissa G. Vail, Co-ChairSibyl R. Golden, SecretaryMartin R. Kupferberg, Treasurer
board Of trustees
George Campbell Jr., Ph.D.The Cooper Union for the Advancement of Science and Art
David ChristmanTime Warner Cable
Anthony CioffiJuniper Networks
Ravenel B. Curry, IIIEagle Capital Management
Francisco D’SouzaCognizant Technology Solutions
Nicholas M. Donofrio IBM CorporationChair Emeritus
Atul DubeyStandard and Poor’s
Seth H. Dubin, Esq.Satterlee Stephens Burke & Burke President Emeritus
Anna M. EwingNasdaq
Joseph R. FicaloraNew York Community Bancorp, Inc.
Stuart FischerFinsbury
Jeffrey M. Friedman, M.D., Ph.D.Rockefeller University
John J. Gilbert, IIIRudin Management Company, Inc.
Sibyl R. GoldenBlack Rock Forest Consortium
Edward D. HorowitzEdslink LLC
Mary E. KellyConsolidated Edison Company of New York, Inc.
Martin R. KupferbergKepco, Inc.
Jeffrey R. LibshutzRamius LLC
Yvonne LiuMulticultural Radio Broadcasting, Inc.
Paul J. Maddon, M.D., Ph.D.Progenics Pharmaceuticals, Inc.
Paul MalchowMetLife, Inc.
Mary Jane McCartneyConsolidated Edison Company of New York, Inc.
Anthony J. MeloneVerizon Communications
David Newman New York Mets
Devesh RajComcast Corporation
Stephen H. SandsLazard Freres & Co. LLC
Linda S. SanfordIBM Corporation
Sara Lee Schupf
Ivan G. SeidenbergVerizon Communications Chair Emeritus
Anil ShrivastavaSagard Capital
Alan Sinsheimer, Esq.Sullivan & Cromwell
Karenann TerrellWalmart
Michele TrogniMarkit
Melissa G. Vail
Bert Wells, Esq.Covington & Burling LLP
Kurt D. WoetzelBank of New York Mellon
trustees ex-Officio:
Honorable Bill de BlasioMayor, City of New York
Honorable Scott M. StringerComptroller, City of New York
Honorable Melissa Mark-ViveritoSpeaker, New York City Council
Honorable Melinda KatzPresident, Borough of Queens
Mitchell Silver Commissioner, New York City Department of Parks & Recreation
Tom Finkelpearl Commissioner, New York City Department of Cultural Affairs
Carmen Fariña Chancellor, New York City Department of Education
Dr. Margaret HoneyPresident & CEO, New York Hall of Science
trustees emeritus
Cecily Cannan Selby, Ph.D.
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47-01 111th Street • Queeens, NY 11368 • www.nysci.org