Tulsa Childrens Museum
- Assets
- $42.8m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 90
- Location
- Tulsa, OK
- Founding
- 07/2008
- Data as of
- 06/2022
- EIN
- 26-0904448
Organization Overview
Tulsa Childrens Museum is located in Tulsa, OK. The organization was established in 2008. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Tulsa Childrens Museum employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tulsa 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 06/2022, Tulsa Childrens Museum generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 16.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO INSPIRE CHILDREN, CONNECT FAMILIES, AND BUILD COMMUNITY THROUGH EXPLORATION, EXHIBITS,... PROGRAMMING, AND PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVERY LAB OFFERS INTERACTIVE EXHIBITS DESIGNED FOR CHILDREN AGES 2-12 AND THEIR FAMILIES. THE EXHIBITS INCORPORATE SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATHEMATICS (STEAM) AND ENCOURAGE EXPLORATION, INVESTIGATION, CREATION, AND PLAY. BEGINNING THIS FISCAL YEAR, DISCOVERY LAB BECAME THE STEAM CENTER FOR TULSA PUBLIC SCHOOLS. THE FIRST TWO MONTHS OF STEAM CENTER OPERATION (MARCH AND APRIL 2022) SAW 3RD AND 4TH GRADE TULSA PUBLIC SCHOOL STUDENTS.
THE OUTREACH PROGRAMS PROVIDED BY DISCOVERY LAB SERVE THE ENTIRE STATE OF OKLAHOMA. THE PROGRAM SERVED 10,016 TODDLER THROUGH 6TH GRADE STUDENTS THROUGH 357 CLASSES.
DISCOVERY LAB CAMPS PROVIDE OPPORTUNITIES FOR STUDENTS AGES PRE-K TO 6TH GRADE TO ENGAGE IN DIFFERENT STEAM ACTIVITIES IN A GROUP SETTING. CAMP THEMES INCLUDE NATURE ART, ANIMATION, DETECTIVE SCIENCE, AND CHEMISTRY MYSTERIES. THE MUSEUM HELD 29 CAMPS SERVING 376 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Albers Director | Trustee | 2 | $0 |
Ken Hirshey Director | Trustee | 2 | $0 |
Kelly Jensen Director | Trustee | 2 | $0 |
Nathan Phelps Director | Trustee | 2 | $0 |
Jeremy Stanford Director | Trustee | 2 | $0 |
Stephanie Stump President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crossland Construction Co Building Construction | 6/29/22 | $1,821,937 |
Science Museum Of Minnesota Exhibit Design/construction | 6/29/22 | $445,410 |
Premier Consulting Partners Llc Insurance | 6/29/22 | $145,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $292,622 |
| Fundraising events | $66,256 |
| Related organizations | $0 |
| Government grants | $400,171 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,512,249 |
| Noncash contributions included in lines 1a–1f | $6,229 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,271,298 |
| Total Program Service Revenue | $1,028,392 |
| Investment income | $21,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$301,220 |
| Net Income from Fundraising Events | $71,858 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,199,714 |
| 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. | $121,353 |
| Compensation of current officers, directors, key employees. | $95,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,139,648 |
| Pension plan accruals and contributions | $4,309 |
| Other employee benefits | $0 |
| Payroll taxes | $173,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,063 |
| Fees for services: Accounting | $21,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $278,730 |
| Advertising and promotion | $70,001 |
| Office expenses | $199,676 |
| Information technology | $55,745 |
| Royalties | $0 |
| Occupancy | $683,850 |
| Travel | $38,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $592,179 |
| Insurance | $82,618 |
| All other expenses | $8,472 |
| Total functional expenses | $4,737,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,505 |
| Savings and temporary cash investments | $1,076,086 |
| Pledges and grants receivable | $4,798,684 |
| Accounts receivable, net | $43,457 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,174 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,110,559 |
| Investments—publicly traded securities | $4,383,709 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,612 |
| Total assets | $42,758,786 |
| Accounts payable and accrued expenses | $627,539 |
| Grants payable | $0 |
| Deferred revenue | $4,978,958 |
| 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 | $861,830 |
| Other liabilities | $0 |
| Total liabilities | $6,468,327 |
| Net assets without donor restrictions | $2,887,013 |
| Net assets with donor restrictions | $33,403,446 |
| 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 | $42,758,786 |