Brooklyn Childrens Museum Corp
- Assets
- $6.3m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 125
- Location
- Brooklyn, NY
- Founding
- 10/1981
- Data as of
- 06/2021
- EIN
- 11-2495664
Organization Overview
Brooklyn Childrens Museum Corp is located in Brooklyn, NY. The organization was established in 1981. 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 06/2021, Brooklyn Childrens Museum Corp employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Childrens Museum Corp 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 06/2021, Brooklyn Childrens Museum Corp generated $5.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATES EXPERIENCES THAT IGNITE CURIOSITY, CELEBRATE IDENTITY & CULTIVATE JOYFUL LEARNING
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE & SECURITY. IN ORDER TO SERVE ITS COMMUNITY, BROOKLYN CHILDREN'S MUSEUM MAINTAINS A 125,000 SQUARE FOOT FACILITY. MAINTENANCE AND FACILITIES STAFF OVERSEE SAFETY, CLEANLINESS AND REPAIRS FOR THE PLANT, AND ARE REPRESENTED BY MUNICIPAL UNION DC 37.
EDUCATION: THE EDUCATION PROGRAMS SERVE 30,000 STUDENTS AND CHAPERONES ANNUALLY THROUGH 1,000 SCHOOL AND CAMP FIELD TRIPS; PROVIDE FREE AFTERSCHOOL AND SUMMER CAMP FOR 200 CENTRAL BROOKLYN FAMILIES; AND SERVE ROUGHLY 100 TEENS THROUGH YOUTH ENGAGEMENT AND WORKFORCE DEVELOPMENT PROGRAMS. THE MUSEUM HOSTS PUBLIC PROGRAMS, SCHOOL FIELD TRIPS, AND PERFORMANCES THAT INTRODUCE YOUNG LEARNERS TO VISUAL ARTS, DANCE, MUSIC, GARDENING, AND MANY OTHER DISCIPLINES. THE MUSEUM ALSO RUNS FREE AFTER SCHOOL AND SUMMER CAMP PROGRAMS FOR FAMILIES IN THE NEIGHBORHOOD AND A WORKFORCE DEVELOPMENT INITIATIVE FOR CENTRAL BROOKLYN YOUTH. THE MUSEUM`S SCHOOL PROGRAMS INCLUDE FIELD TRIPS AND "FIELD-TRIP-IN-A-BOX" KITS TO BE USED IN CLASSROOMS THAT SERVE THOUSANDS OF ELEMENTARY STUDENTS AND EDUCATORS ANNUALLY.
EXHIBITS: IN FISCAL YEAR 2021, BCM SERVED ROUGHLY 60,000 PEOPLE, WHICH WAS A REDUCTION FROM THE 190,000 PEOPLE SERVED IN FISCAL YEAR 2021. THIS SERVICE REDUCTION WAS DUE TO THE COVID-19 PANDEMIC, WHICH CLOSED THE MUSEUM BETWEEN MARCH AND SEPTEMBER 2020.THE MUSEUM`S PERMANENT EXHIBITS INCLUDE WORLD BROOKLYN, A RECREATED STREET FEATURING CHILD-SIZE REPLICAS OF REAL BROOKLYN STORES; NEIGHBORHOOD NATURE, AN EXPLORATION OF THE BOROUGH'S ECOSYSTEMS; COLLECTIONS CENTRAL, AN AREA THAT HIGHLIGHTS OBJECTS FROM THE MUSEUM'S COLLECTION THROUGH THEMED EXHIBITIONS; TOTALLY TOTS, AN EARLY CHILDHOOD SENSORY LEARNING SPACE; AND, COLORLAB, A STUDIO FEATURING HANDS-ON ART-MAKING HIGHLIGHTING BLACK ART AND ARTISTS.ANNUALLY, THE MUSEUM HOSTS TEMPORARY EXHIBITIONS IN ITS VISITING EXHIBITS GALLERY. IN FISCAL YEAR 2020, BCM HOSTED SURVIVAL OF THE SLOWEST AND UNDER THE CANOPY, WHICH BROUGHT LIVE ANIMALS FROM AROUND THE WORLD TO BROOKLYN TO TEACH CHILDREN ABOUT SPECIES PRESERVATION. IN FISCAL YEAR 2021, BCM OPENED TWO EXHIBITS: OYSTER CITY, TELLING THE STORY OF HOW OYSTERS HAVE BEEN RE-INTRODUCED TO NEW YORK'S WATERWAYS, AND MAKERYARD, A MAKERSPACE PROMPTING CHILDREN TO BUILD THEIR OWN STRUCTURES AND SCULPTURES USING RECYCLED MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie H Wilchfort CEO | Officer | 40 | $205,718 |
Atiba Edwards COO | Officer | 40 | $145,186 |
Amanda Nichols Co-Chair | OfficerTrustee | 3 | $0 |
Niles D Stewart Vice Chair | OfficerTrustee | 3 | $0 |
Sean Oneal Co-Chair | OfficerTrustee | 3 | $0 |
Larry Kwon Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,975 |
| Fundraising events | $9,050 |
| Related organizations | $0 |
| Government grants | $3,829,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $751,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,638,817 |
| Total Program Service Revenue | $325,450 |
| Investment income | $26,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $108,567 |
| Net Gain/Loss on Asset Sales | $33,055 |
| Net Income from Fundraising Events | $203,759 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,454,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,862 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,274 |
| Compensation of current officers, directors, key employees. | $71,851 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,490,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $521,080 |
| Payroll taxes | $149,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $307,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,500 |
| Fees for services: Investment Management | $18,023 |
| Fees for services: Other | $379,716 |
| Advertising and promotion | $0 |
| Office expenses | $396,653 |
| Information technology | $41,091 |
| Royalties | $0 |
| Occupancy | $259,305 |
| Travel | $17,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,099 |
| Insurance | $183,447 |
| All other expenses | $64,239 |
| Total functional expenses | $4,382,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,172,661 |
| Savings and temporary cash investments | $1,278,380 |
| Pledges and grants receivable | $1,139,833 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,513 |
| Net Land, buildings, and equipment | $684,723 |
| Investments—publicly traded securities | $2,014,594 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,339,704 |
| Accounts payable and accrued expenses | $679,576 |
| Grants payable | $0 |
| Deferred revenue | $71,452 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,000 |
| Secured mortgages and notes payable | $344,083 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,791,642 |
| Total liabilities | $4,906,753 |
| Net assets without donor restrictions | -$1,521,841 |
| Net assets with donor restrictions | $2,954,792 |
| 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 | $6,339,704 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brooklyn Childrens Museum Corp has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
De La Cour Family Foundation Glen Cove, NY PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET | $500 |
Endowment Analysis
| Beg. Balance | $2,364,079 |
| Earnings | $425,520 |
| Net Contributions | $553,433 |
| Other Expense | $388,240 |
| Ending Balance | $2,954,792 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Museum Of Pittsburgh Pittsburgh, PA | $36,701,530 | $10,739,770 |
The Childrens Museum Boston, MA | $60,090,275 | $9,246,217 |
Stepping Stones Museum For Children Inc Norwalk, CT | $16,093,030 | $8,372,447 |
Please Touch Museum Philadelphia, PA | $36,070,545 | $4,528,384 |
Childrens Museum Of Manhattan New York, NY | $83,018,063 | $10,710,271 |
Brooklyn Childrens Museum Corp Brooklyn, NY | $6,339,704 | $5,454,664 |
The Da Vinci Discovery Center Of Science And Technology Allentown, PA | $21,750,909 | $13,640,164 |
Long Island Childrens Museum Garden City, NY | $2,096,939 | $3,658,400 |
Explore & More A Childrens Museum Buffalo, NY | $16,170,645 | $2,361,705 |
Discovery Museums Inc Acton, MA | $11,301,287 | $4,406,909 |
Childrens Museum Of The Arts Inc New York, NY | $3,261,330 | $1,637,679 |
Childrens Museum Of The East End Bridgehampton, NY | $4,796,967 | $1,642,906 |