Edventure Inc
Nonprofit profile at a glance
- EIN
- 571013857
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Columbia, SC, USA
- Phone
- 8037793100
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Children's Museums
Reported finances
- Revenue
- $6,325,940
- Expenses
- $4,098,616
- Assets
- $9,926,519
- Liabilities
- $1,212,011
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- Andy Marquart (President & CEO)
Highest reported compensation
- Andy Marquart (President & CEO): $179,619 total reported compensation
- Fred Mutz (Deputy Director): $113,071 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Edventure inspires children, youth, and the adults who care about them to experience the joy of learning.
What it reported doing in 2024
EdVenture is a Children's museum with two locations in South Carolina (Columbia and Myrtle Beach). EdVenture offers a wide variety of programs and exhibits that focus on interactive play and informal learning. EdVenture welcomed 223,723 visitors at both locations combined in the past year and 26,474 participated in educational programs. EdVenture is also an extension of the classroom for teachers and students. 12,143 students attended both locations on field trips in the last year representing 506 different schools. EdVenture also focuses on accessibility for all. 29,250 visitors attended the museum through the Yes, Every Child program which is affiliated with Museums For All. An additional 760 visitors attended the museum's Sensory Nights at no cost. Edventure is a critical learning resource for students and families across the entire state of South Carolina.
Operating model
- Revenue model
- Grant-funded. 61% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 70
- Accountability: 100
- Sustainability: 72
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.3%; rating input score 58
- Program expense ratio: 87.1%; rating input score 87
- Fundraising efficiency: $15.08 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 35.2%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 2.42; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 7.1%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: -3.1% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -0.7% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: -3.4% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 58.3% of revenue deployed · 87.1% of spending went to programs
- Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.6M in reported program spending
- Leadership: top reported pay $180K · 15 people listed · 1 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Review — Financial Efficiency: Fundraising efficiency scored 51/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.