Providence Childrens Museum
- Assets
- $3.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 66
- Location
- Providence, RI
- Founding
- 05/1977
- Data as of
- 12/2022
- EIN
- 05-0370944
Organization Overview
Providence Childrens Museum is located in Providence, RI. The organization was established in 1977. According to its NTEE Classification (A52) the organization is classified as: Children's Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Providence Childrens Museum employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Childrens Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Providence Childrens Museum generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PROVIDENCE CHILDREN'S MUSEUM IS TO INSPIRE AND CELEBRATE LEARNING THROUGH ACTIVE PLAY AND EXPLORATION. THE MUSEUM WELCOMES CHILDREN AND ADULTS OF ALL AGES AND BACKGROUNDS AND FROM ALL COMMUNITIES ALTHOUGH ITS FOCUS IS ON SERVING THE YOUTH OF SOUTHERN NEW ENGLAND, AGES 1 THROUGH 11, AND THE ADULTS WHO CARE FOR THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM LEARNING OCCURS IN THE EDUCATIONAL EXHIBITS AND PROGRAMS CREATED AND PRESENTED BY THE MUSEUM. THE MUSEUM CREATES AND PRESENTS INTERACTIVE EXHIBITS DESIGNED TO MEET THE DEVELOPMENTAL NEEDS OF CHILDREN AGES 1-11 AND THEIR CAREGIVERS. IN 2021, RHODE ISLAND'S FIRST AND ONLY CHILDREN'S MUSEUM CELEBRATED 45 YEARS OF EXPLORATION, ADVOCACY, RESEARCH, AND COMMUNITY SERVICE. THE MUSEUM WELCOMED 75,871 TOTAL VISITS AND PROVIDED 14,553 FREE ADMISSIONS. THE MUSEUMS FOR ALL ACCESS PROGRAM PROVIDES $2 ADMISSION FOR SNAP BENEFICARIES AND THEIR FAMILIES. BLUESTAR PROVIDES $2 FOR ACTIVE DUTY MILITARY AND THEIR FAMILIES. REDUCED RATE SOCIAL SERVICE AGENCY MEMBERSHIPS PROVIDES FREE ADMISSION TO THE MUSEUM FOR THERAPUTIC VISITS, SUCH AS THOSE FOR FAMILIES WHO HAVE COURT MANDATED VISITATION.
IN 2022 FAMILIES TOGETHER MAINTAINED A 60 FAMILY CASELOAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Roberts Board Member | Trustee | 1 | $0 |
Patrick J Martin Treasurer | OfficerTrustee | 1 | $0 |
Wendy Gray Secretary | OfficerTrustee | 1 | $0 |
Jodi-Ann Mclane Board Member | Trustee | 1 | $0 |
Leiyina Tavarez Board Member | Trustee | 1 | $0 |
Greg Velander Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,969 |
| Related organizations | $0 |
| Government grants | $827,919 |
| All other contributions, gifts, grants, and similar amounts not included above | $526,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,435,159 |
| Total Program Service Revenue | $819,547 |
| Investment income | $9,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,464 |
| Net Income from Fundraising Events | -$17,689 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,588 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,246,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,293,848 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,112 |
| Payroll taxes | $110,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,325 |
| Fees for services: Other | $128,798 |
| Advertising and promotion | $39,047 |
| Office expenses | $24,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,065 |
| Insurance | $68,411 |
| All other expenses | $147,166 |
| Total functional expenses | $2,480,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $854,498 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $78,652 |
| Accounts receivable, net | $88,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,206 |
| Prepaid expenses and deferred charges | $31,384 |
| Net Land, buildings, and equipment | $1,550,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $412,162 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,023,967 |
| Accounts payable and accrued expenses | $118,064 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $330,500 |
| Total liabilities | $448,564 |
| Net assets without donor restrictions | $2,068,994 |
| Net assets with donor restrictions | $506,409 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,023,967 |