Childrens Museum Of The Arts Inc
- Assets
- $2.2m
- Revenue
- $977.4k
- Investments
- $0.0
- Employees
- 39
- Location
- New York, NY
- Founding
- 02/1994
- Data as of
- 06/2022
- EIN
- 13-3520970
Organization Overview
Childrens Museum Of The Arts Inc is located in New York, NY. The organization was established in 1994. 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 06/2022, Childrens Museum Of The Arts Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Museum Of The Arts Inc 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 06/2022, Childrens Museum Of The Arts Inc generated $977.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 5 years. 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
CHILDREN'S MUSEUM OF THE ARTS UNITES CHILDREN AND ARTISTS TO CREATE AND SHARE AMBITIOUS WORKS OF ART WITH THEIR COMMUNITIES AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CMA TRUSTS ARTISTS TO DEFINE WHAT THE FIELD OF ARTS IS. ACCORDINGLY, OUR CORE PROGRAMMING TAKES AN INTEGRATED APPROACH TO ENGAGE CHILDREN, ARTISTS, THEIR COMMUNITIES, AND THE WORLD. WE ACHIEVE THIS THROUGH A 4-PRONGED PROCESS: (1) WE DEVELOP DEEP PARTNERSHIPS WITH NYC NEIGHBORHOODS AND SCHOOLS TO EMBED FREE ACCESS TO THE ARTS DIRECTLY INTO THE COMMUNITY; (2) WE MAKE THE ART WORLD MORE INCLUSIVE FOR CHILDREN AND FAMILIES THROUGH SPECIAL ON-SITE VISITS AND INTIMATE ENCOUNTERS WITH ARTISTS, CURATORS, AND OTHER ARTS PROFESSIONALS; (3) WE ESTABLISHED THE FIRST DEDICATED DIGITAL SPACE FOR CHILDREN'S ARTS EDUCATION WHERE WE CREATE, STORE, AND SHARE OUR CREATIVITY WITH THE WORLD; 4) WE PUBLICLY CELEBRATE THE ARTISTRY OF CHILDREN THROUGH EXHIBITIONS, PROGRAMMING AND OUR GROWING PERMANENT COLLECTION OF 2,000 PIECES OF CHILDREN'S ART FROM OVER 50 COUNTRIES THAT DATE BACK MORE THAN 80 YEARS.
CMA TRUSTS ARTISTS TO DEFINE WHAT THE FIELD OF ARTS IS. ACCORDINGLY, OUR CORE PROGRAMMING TAKES AN INTEGRATED APPROACH TO ENGAGE CHILDREN, ARTISTS, THEIR COMMUNITIES, AND THE WORLD. WE ACHIEVE THIS THROUGH A 4-PRONGED PROCESS: (1) WE DEVELOP DEEP PARTNERSHIPS WITH NYC NEIGHBORHOODS AND SCHOOLS TO EMBED FREE ACCESS TO THE ARTS DIRECTLY INTO THE COMMUNITY; (2) WE MAKE THE ART WORLD MORE INCLUSIVE FOR CHILDREN AND FAMILIES THROUGH SPECIAL ON-SITE VISITS AND INTIMATE ENCOUNTERS WITH ARTISTS, CURATORS, AND OTHER ARTS PROFESSIONALS; (3) WE ESTABLISHED THE FIRST DEDICATED DIGITAL SPACE FOR CHILDREN'S ARTS EDUCATION WHERE WE CREATE, STORE, AND SHARE OUR CREATIVITY WITH THE WORLD; 4) WE PUBLICLY CELEBRATE THE ARTISTRY OF CHILDREN THROUGH EXHIBITIONS, PROGRAMMING AND OUR GROWING PERMANENT COLLECTION OF 2,000 PIECES OF CHILDREN'S ART FROM OVER 50 COUNTRIES THAT DATE BACK MORE THAN 80 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Floyd President | OfficerTrustee | 1 | $0 |
Allison Russo Vice President | OfficerTrustee | 9 | $0 |
Jessica Ogilvie Vice President | OfficerTrustee | 1 | $0 |
Cynthia Waiwright Vice President | OfficerTrustee | 5 | $0 |
Andrew Zuckerman Secretary | OfficerTrustee | 1 | $0 |
Laurie Harris Brennan Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $421,494 |
| All other contributions, gifts, grants, and similar amounts not included above | $480,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $901,945 |
| Total Program Service Revenue | $106,424 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $977,376 |
| 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. | $210,560 |
| Compensation of current officers, directors, key employees. | $42,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $634,936 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,309 |
| Payroll taxes | $93,080 |
| 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 | $0 |
| Fees for services: Other | $106,961 |
| Advertising and promotion | $88,648 |
| Office expenses | $69,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $163,453 |
| Travel | $5,086 |
| 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 | $205,780 |
| Insurance | $19,730 |
| All other expenses | $19,471 |
| Total functional expenses | $1,853,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,596 |
| Savings and temporary cash investments | $209,791 |
| Pledges and grants receivable | $155,174 |
| 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 | $8,055 |
| Net Land, buildings, and equipment | $1,790,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,038 |
| Other assets | $50,000 |
| Total assets | $2,214,700 |
| Accounts payable and accrued expenses | $95,367 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $310,000 |
| Other liabilities | $1,168,092 |
| Total liabilities | $1,583,459 |
| Net assets without donor restrictions | $631,241 |
| Net assets with donor restrictions | $0 |
| 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 | $2,214,700 |