Childrens Museum Of Indianapolis Incorporated
- Assets
- $441.5m
- Revenue
- $50.0m
- Investments
- $287.5m
- Employees
- 456
- Location
- Indianapolis, IN
- Founding
- 10/1952
- Data as of
- 12/2022
- EIN
- 35-0867985
Organization Overview
Childrens Museum Of Indianapolis Incorporated is located in Indianapolis, IN. The organization was established in 1952. 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, Childrens Museum Of Indianapolis Incorporated employed 456 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Museum Of Indianapolis Incorporated 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, Childrens Museum Of Indianapolis Incorporated generated $50.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $48.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO CREATE EXTRAORDINARY LEARNING EXPERIENCES ACROSS THE ARTS, SCIENCES AND HUMANITIES THAT HAVE THE POWER TO TRANSFORM THE LIVES OF CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
EDUCATIONAL ACTIVITIES, PROGRAMS AND SCHOOL TOURS: THE CHILDREN'S MUSEUM INSPIRES TEACHERS AND STUDENTS OF ALL AGES THROUGH ITS NUMEROUS EDUCATIONAL PROGRAMS AND SCHOOL TOURS. OUR SCHOOL PROGRAMS COVER THE ARTS, SCIENCES, AND HUMANITIES AND PROVIDE IMMERSIVE CURRICULAR EXPERIENCES THAT CANNOT BE REPLICATED IN THE CLASSROOM. THE MUSEUM ALSO SUPPORTS TEACHERS BY PROVIDING AN EVER-EXPANDING LIBRARY OF UNITS OF STUDY THAT MEET BOTH THE INDIANA AND THE NATIONAL ACADEMIC STANDARDS FOR GRADES K THROUGH 12.
EXHIBIT DESIGN: THE CHILDREN'S MUSEUM CONCEIVES, DEVELOPS, IMPLEMENTS, AND MAINTAINS EXHIBITS THAT FOCUS ON HISTORY, ART, AND SCIENCE FOR ITS 13 GALLERIES. EACH EXHIBIT IS DESIGNED TO FOSTER FAMILY LEARNING THROUGH HANDS-ON EXPERIENCES, INTERPRETIVE PROGRAMMING, AND THE USE OF AUTHENTIC OBJECTS. MANY OF THE MUSEUM'S EXHIBITS ARE BASED UPON STRONG RELATIONSHIPS WITH HISTORIANS AND EXPERTS WHO HELP US IN SHARING POWERFUL STORIES SUCH AS RUBY BRIDGES, ASTRONAUT DR. DAVID WOLF, AND UNDERWATER ARCHAEOLOGIST CHARLIE BEEKER.
COLLECTIONS - THE CHILDREN'S MUSEUM OF INDIANAPOLIS BOASTS A COLLECTION OF MORE THAN 130,000 ARTIFACTS AND SPECIMENS. THE COLLECTION IS A STOREHOUSE OF IDEAS AND CONCEPTS; NOT ONLY ARE THESE OBJECTS PATHWAYS TO THE THINKING THAT HAVE SHAPED OUR COLLECTIVE PAST, BUT ALSO TO THE NEW CONNECTIONS AND DISCOVERIES YET UNBORN IN THE MINDS OF YOUNG VISITORS. SINCE ITS FOUNDING IN 1925, THE MUSEUM HAS NURTURED THE GROWTH OF ITS COLLECTION WHICH IS DIVIDED INTO THREE DOMAINS: NATURAL WORLD DOMAIN: COLLECTIONS CONTAIN MANY REAL SPECIMENS, FROM DINOSAUR EGGS AND PRECIOUS GEMS TO SAUSAGE TREE PODS. MANY INTERESTING OBJECTS FROM AROUND THE WORLD ILLUSTRATE NATURAL AND PHYSICAL SCIENCE CONCEPTS. (CONTINUED IN SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer (until Dec 2022) | OfficerTrustee | 1 | $0 |
Name Not Listed Vice-Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Echo Point Media Media Placement | 12/30/22 | $1,312,616 |
Gsf Usa Inc Cleaning Services | 12/30/22 | $659,597 |
Skillman Corporation Construction Services | 12/30/22 | $493,522 |
Research Casting International Dinosaur Bone Framing And Completion | 12/30/22 | $353,874 |
Eclipse Creativity Inc Design Services | 12/30/22 | $281,237 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,109 |
| Related organizations | $710,007 |
| Government grants | $864,715 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,732,199 |
| Noncash contributions included in lines 1a–1f | $1,211,650 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,404,030 |
| Total Program Service Revenue | $16,371,152 |
| Investment income | $4,801,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $452,040 |
| Net Rental Income | $96,712 |
| Net Gain/Loss on Asset Sales | $19,073,478 |
| Net Income from Fundraising Events | $195,505 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,472,472 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,032,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $76,246 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $909,610 |
| Compensation of current officers, directors, key employees. | $454,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,438,178 |
| Pension plan accruals and contributions | $977,720 |
| Other employee benefits | $2,825,764 |
| Payroll taxes | $1,220,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $171,563 |
| Fees for services: Accounting | $144,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,267,816 |
| Fees for services: Other | $1,723,462 |
| Advertising and promotion | $2,242,942 |
| Office expenses | $970,224 |
| Information technology | $127,152 |
| Royalties | $245,665 |
| Occupancy | $2,294,756 |
| Travel | $153,844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $257,526 |
| Interest | $1,503,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,840,648 |
| Insurance | $518,571 |
| All other expenses | $68,554 |
| Total functional expenses | $48,679,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,360 |
| Savings and temporary cash investments | $14,665,653 |
| Pledges and grants receivable | $7,898,715 |
| Accounts receivable, net | $393,604 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $293,025 |
| Prepaid expenses and deferred charges | $234,074 |
| Net Land, buildings, and equipment | $66,766,324 |
| Investments—publicly traded securities | $63,053,779 |
| Investments—other securities | $287,451,053 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $686,532 |
| Total assets | $441,490,119 |
| Accounts payable and accrued expenses | $7,548,096 |
| Grants payable | $0 |
| Deferred revenue | $7,658,801 |
| Tax-exempt bond liabilities | $43,820,000 |
| 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 | $85,724 |
| Total liabilities | $59,112,621 |
| Net assets without donor restrictions | $288,551,275 |
| Net assets with donor restrictions | $93,826,223 |
| 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 | $441,490,119 |