Stepping Stones Museum For Children Inc
- Assets
- $13.8m
- Revenue
- $6.5m
- Investments
- $981.5k
- Employees
- 156
- Location
- Norwalk, CT
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 22-3199269
Organization Overview
Stepping Stones Museum For Children Inc is located in Norwalk, CT. The organization was established in 1997. 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, Stepping Stones Museum For Children Inc employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stepping Stones Museum For Children 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 12/2022, Stepping Stones Museum For Children Inc generated $6.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $8.9m 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 STEPPING STONES MUSEUM FOR CHILDREN IS TO BROADEN AND ENRICH THE EDUCATIONAL OPPORTUNITIES FOR CHILDREN AGES TEN AND UNDER AND ENHANCE THEIR UNDERSTANDING OF THE WORLD. THE MUSEUM SEEKS TO CREATE AN ENVIRONMENT THAT INSPIRES LIFE-LONG LEARNING AND SUPPORTS PARENTS, CAREGIVERS AND EDUCATORS AS FACILITATORS OF CHILDREN'S EXPLORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEPPING STONES IS A PREMIER MULTIDIMENSIONAL EDUCATIONAL RESOURCE THAT PROVIDES EXCEPTIONAL AND MEANINGFUL INTERACTIVE LEARNING EXPERIENCES THAT ENRICH THE LIVES OF CHILDREN AND FAMILIES. THE MUSEUM'S LEARNING PURPOSE IS TO SPARK CHILDREN'S CURIOSITY, IMAGINATION AND INTERESTS BY ENGAGING THEM IN PLAYFUL EXPLORATION OF INTERACTIVE LEARNING EXPERIENCES AND SHARED MOMENTS OF DISCOVERY WITH PARENTS, CAREGIVERS, AND EDUCATORS, EXCITING AND PREPARING THEM FOR AN INCREASINGLY COMPLEX, CHANGING AND DIVERSE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara S Koteen Chair | OfficerTrustee | 1 | $0 |
Thomas Bumbolow Director | Trustee | 0.3 | $0 |
Barbara Brown Director | Trustee | 1 | $0 |
John P Neafsey Director | Trustee | 0.3 | $0 |
Sandra J Miklave Director | Trustee | 0.3 | $0 |
Natasha Hill Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $105,109 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,828,417 |
| Noncash contributions included in lines 1a–1f | $32,325 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,933,526 |
| Total Program Service Revenue | $4,418,911 |
| Investment income | $35,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,239 |
| Net Income from Fundraising Events | -$38,858 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,485,556 |
| 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. | $221,154 |
| Compensation of current officers, directors, key employees. | $73,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,296,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $438,999 |
| Payroll taxes | $356,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $383 |
| Fees for services: Accounting | $16,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,281 |
| Advertising and promotion | $287,997 |
| Office expenses | $8,167 |
| Information technology | $197,857 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,981 |
| Interest | $49,332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,091,557 |
| Insurance | $120,160 |
| All other expenses | $874,431 |
| Total functional expenses | $8,932,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,103 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $252,227 |
| Accounts receivable, net | $108,102 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,755 |
| Prepaid expenses and deferred charges | $117,672 |
| Net Land, buildings, and equipment | $12,078,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $981,516 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,845 |
| Total assets | $13,790,786 |
| Accounts payable and accrued expenses | $156,123 |
| Grants payable | $0 |
| Deferred revenue | $131,338 |
| 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 | $2,453,938 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,279 |
| Total liabilities | $2,796,678 |
| Net assets without donor restrictions | $10,012,592 |
| Net assets with donor restrictions | $981,516 |
| 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 | $13,790,786 |
Grants Awarded
Over the last fiscal year, Stepping Stones Museum For Children Inc has awarded $244,732 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
NEW CANAAN COUNTRY DAY SCHOOL INC PURPOSE: PROVIDE SUMMER LEARNING OPPORTUNITIES FOR EXPERIENCES FOR NORWALK CHILDREN | $5,000 |
HORIZONS AT NORWALK COMMUNITY COLLEGE PURPOSE: PROVIDE SUMMER LEARNING OPPORTUNITIES FOR EXPERIENCES FOR NORWALK CHILDREN | $5,000 |
MATH AND READING ADVANCEMENT LLC PURPOSE: PROVIDE SUMMER LEARNING OPPORTUNITIES FOR EXPERIENCES FOR NORWALK CHILDREN | $5,000 |
THE MARITIME AQUARIUM AT NORWALK PURPOSE: PROVIDE SUMMER LEARNING OPPORTUNITIES FOR EXPERIENCES FOR NORWALK CHILDREN | $5,000 |
NORWALK GRASSROOTS TENNIS AND EDUCATION PURPOSE: PROVIDE SUMMER LEARNING OPPORTUNITIES FOR EXPERIENCES FOR NORWALK CHILDREN | $5,000 |
THE HOUSING AUTHORITY OF THE CITY OF NORWALK PURPOSE: PROVIDE SUMMER LEARNING OPPORTUNITIES FOR EXPERIENCES FOR NORWALK CHILDREN | $5,000 |