Childrens Museum Of Manhattan
- Assets
- $90.1m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 96
- Location
- New York, NY
- Founding
- 07/1974
- Data as of
- 06/2023
- EIN
- 13-2761376
Organization Overview
Childrens Museum Of Manhattan is located in New York, NY. The organization was established in 1974. 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 06/2023, Childrens Museum Of Manhattan employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Museum Of Manhattan 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 06/2023, Childrens Museum Of Manhattan generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $6.2m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING LITERACY, EARLY CHILDHOOD EDUCATION, HEALTH, AND CREATIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHILDREN'S MUSEUM OF MANHATTAN (CMOM) WELCOMED OVER 200,000 PEOPLE IN FISCAL YEAR 2023, WITH NEARLY 50,000 OF THESE VISITORS ENJOYING FREE OR HEAVILY DISCOUNTED ADMISSION. CMOM HOUSES FIVE PERMANENT EXHIBITIONS DESIGNED TO PROMOTE EXECUTIVE FUNCTIONS AND SOCIAL-EMOTIONAL SKILLS IN YOUNG CHILDREN AND TEACH PARENTS ABOUT THEIR ROLE IN EARLY CHILDHOOD DEVELOPMENT. THESE EXHIBITIONS WERE ACTIVATED WITH CLOSE TO 500 PUBLIC PROGRAMS OFFERED ON A DROP-IN BASIS THROUGHOUT THE GALLERIES. PROGRAMS FOCUSED ON ARTS, WORLD CULTURE, STEM, AND LITERACY. PARTNERSHIPS WITH NYC PUBLIC SCHOOLS ALLOWED CHILDREN WITH DISABILITIES THE CHANCE TO EXPLORE THE MUSEUM AT THEIR OWN PACE WHILE IT IS CLOSED TO THE PUBLIC. CMOM ALSO PARTNERED WITH HOMELESS SHELTERS, INCLUDING THOSE SERVING FAMILIES SEEKING ASYLUM, TO HOLD WORKSHOPS FOR PARENTS AND CHILDREN AND INVITE THEM TO THE MUSEUM FOR PRIVATE WORKSHOPS AND TIME TO EXPLORE. THE PARTNERSHIPS ALSO INCLUDED THE INSTALLATION OF MUSEUM-QUALITY MINI EXHIBITS (CALLED LEARNING HUBS) IN SHELTER COMMUNITY ROOMS ENABLING RESIDENTS TO CONTINUE LEARNING AND PLAYING EVEN WHEN UNABLE TO VISIT THE MUSEUM ITSELF. CMOM ALSO PARTNERED WITH THE NYC DEPARTMENT OF CORRECTION TO PROVIDE PROGRAMS FOR INCARCERATED PARENTS TO REUNITE WITH THEIR CHILDREN AT THE MUSEUM. ALL THOSE PARTICIPATING IN THE ABOVE OUTREACH AND ACCESS PROGRAMS RECEIVED FREE MEMBERSHIP TO THE MUSEUM. THE PROGRAMS HAVE A REACH OF MORE THAN 30,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie M Tisch Founding Board Chair | OfficerTrustee | 2 | $0 |
Matthew Messinger Chair | OfficerTrustee | 10 | $0 |
Miyoung E Lee Vice Chair | OfficerTrustee | 2 | $0 |
Myron Kaplan ESQ Secretary | OfficerTrustee | 2 | $0 |
Andrew Kahn Treasurer | OfficerTrustee | 2 | $0 |
Julia Arnhold Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fxcollaborative Architects Architecture And Engineering | 6/29/23 | $465,706 |
Gilbane Building Company Construction/project Consulting | 6/29/23 | $200,000 |
Gardiner And Theobald Construction/project Consulting | 6/29/23 | $163,137 |
Susan Courtemanche Strategic Planning Consulting | 6/29/23 | $145,000 |
Allied Universal Security Services Security Services | 6/29/23 | $151,174 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $697,653 |
| Fundraising events | $2,368,076 |
| Related organizations | $0 |
| Government grants | $374,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,198,601 |
| Noncash contributions included in lines 1a–1f | $501,584 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,638,880 |
| Total Program Service Revenue | $1,684,162 |
| Investment income | $274,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,631 |
| Net Gain/Loss on Asset Sales | $5,268 |
| Net Income from Fundraising Events | -$340,044 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $73,351 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,417,816 |
| 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. | $523,795 |
| Compensation of current officers, directors, key employees. | $20,952 |
| Compensation to disqualified persons | $7,538 |
| Other salaries and wages | $2,322,135 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,242 |
| Payroll taxes | $241,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $170,394 |
| Fees for services: Lobbying | $142,200 |
| Fees for services: Fundraising | $181,800 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $325,127 |
| Advertising and promotion | $6,599 |
| Office expenses | $515,057 |
| Information technology | $254,880 |
| Royalties | $0 |
| Occupancy | $631,794 |
| Travel | $58,165 |
| 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 | $301,733 |
| Insurance | $258,699 |
| All other expenses | $105,198 |
| Total functional expenses | $6,165,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,613,990 |
| Savings and temporary cash investments | $5,277,667 |
| Pledges and grants receivable | $4,836,871 |
| Accounts receivable, net | $793,125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,151 |
| Prepaid expenses and deferred charges | $111,107 |
| Net Land, buildings, and equipment | $65,965,513 |
| Investments—publicly traded securities | $983,486 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $471,994 |
| Total assets | $90,066,904 |
| Accounts payable and accrued expenses | $594,368 |
| Grants payable | $0 |
| Deferred revenue | $379,315 |
| 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 | $14,893,973 |
| Unsecured mortgages and notes payable | $14,600,277 |
| Other liabilities | $474,442 |
| Total liabilities | $30,942,375 |
| Net assets without donor restrictions | $13,944,313 |
| Net assets with donor restrictions | $45,180,216 |
| 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 | $90,066,904 |