Kids Discovery Museum
- Assets
- $1.9m
- Revenue
- $610.5k
- Investments
- $0.0
- Employees
- 23
- Location
- Bainbridge Island, WA
- Founding
- 07/2003
- Data as of
- 12/2022
- EIN
- 30-0167480
Organization Overview
Kids Discovery Museum is located in Bainbridge Island, WA. The organization was established in 2003. 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, Kids Discovery Museum employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kids Discovery 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 12/2022, Kids Discovery Museum generated $610.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $610.1k 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
KIDS DISCOVERY MUSEUM IS A HUB FOR EARLY CHILDHOOD DEVELOPMENT, CREATING EXPERIENCES CENTERED ON PLAYFUL LEARNING THAT SUPPORTS THE BROADER COMMUNITY AND CHILDREN'S CURRENT AND EMERGING NEEDS. THE MUSEUM HAD 25,000 VISITORS IN 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIDS DISCOVERY MUSEUM OPERATES A CHILDREN'S MUSEUM TO PROVIDE EARLY CHILDHOOD EDUCATION AND EXPLORATION WHICH IS OPEN TO THE GENERAL PUBLIC. THE ORGANIZATION WELCOMED 25,000 VISITORS IN 2022. THE ORGANIZATION OFFERS 5 LEVELS OF MEMBERSHIP AND ALSO PROVIDES ACCESS THROUGH FREE AND REDUCED ADMISSION.
KIDS DISCOVERY MUSEUM RUNS A SMALL PRESCHOOL PROGRAM TO FILL A SERVICE GAP IN THE COMMUNITY FOR EARLY LEARNING. THE PRESCHOOL PROGRAM IS BUILT UPON THE MUSEUM'S MODEL OF EXPLORATORY LEARNING THROUGH PLAY. THE PRESCHOOL PROGRAM IS LIMITED TO 12 STUDENTS AND IS RUN BY TWO PROFESSIONAL STAFF MEMBERS.
THE ORGANIZATION OFFERED FIFTEEN SUMMER CAMP SESSIONS SERVING 163 CAMPERS DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Moydell President | OfficerTrustee | 4 | $0 |
Megan Livingston Vice President | OfficerTrustee | 4 | $0 |
Carol Stover Secretary | OfficerTrustee | 4 | $0 |
Sara Taylor Treasurer | OfficerTrustee | 4 | $0 |
Andrew Welch Board Member | Trustee | 2 | $0 |
Amanda Flynn Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,275 |
| Fundraising events | $81,438 |
| Related organizations | $0 |
| Government grants | $78,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,526 |
| Noncash contributions included in lines 1a–1f | $1,703 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,719 |
| Total Program Service Revenue | $209,030 |
| Investment income | $413 |
| 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 | $300 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $610,462 |
| 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. | $82,000 |
| Compensation of current officers, directors, key employees. | $24,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,263 |
| Advertising and promotion | $25,170 |
| Office expenses | $3,591 |
| Information technology | $3,734 |
| Royalties | $0 |
| Occupancy | $52,264 |
| Travel | $1,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,453 |
| Insurance | $8,514 |
| All other expenses | $27,791 |
| Total functional expenses | $610,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,037 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,387 |
| 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 | $6,917 |
| Net Land, buildings, and equipment | $1,778,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,898,248 |
| Accounts payable and accrued expenses | $39,201 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $39,201 |
| Net assets without donor restrictions | $1,853,778 |
| Net assets with donor restrictions | $5,269 |
| 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 | $1,898,248 |