Louis J Koch Family Childrens Museum Of Evansville Inc
- Assets
- $2.6m
- Revenue
- $826.2k
- Investments
- $0.0
- Employees
- 27
- Location
- Evansville, IN
- Founding
- 09/1995
- Data as of
- 06/2022
- EIN
- 35-1951848
Organization Overview
Louis J Koch Family Childrens Museum Of Evansville Inc is located in Evansville, IN. The organization was established in 1995. 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, Louis J Koch Family Childrens Museum Of Evansville Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis J Koch Family Childrens Museum Of Evansville 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, Louis J Koch Family Childrens Museum Of Evansville Inc generated $826.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $970.4k during the year ending 06/2022. While expenses have increased by 3.4% 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 CREATE EXTRAORDINARY EXPERIENCES THAT IGNITE THE IMAGINATIONS OF CHILDREN AND FAMILIES THROUGH THE POWER OF PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A CHILDREN'S MUSEUM WHERE EDUCATION AND PLAY ARE COMBINED TO CREATE INTERACTIVE LEARNING EXPERIENCES. THE MUSEUM SERVES THE GENERAL PUBLIC IN EVANSVILLE, INDIANA AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Terry Executive Director | Officer | 40 | $78,037 |
Lindsey Robbins President | OfficerTrustee | 1 | $0 |
Will Cartwright Vice President | OfficerTrustee | 1 | $0 |
Tynesha Smith Secretary | OfficerTrustee | 1 | $0 |
Josh Gilberg Treasurer | OfficerTrustee | 1 | $0 |
Kelly Dearwester Director (joined April 2022) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,450 |
| Related organizations | $0 |
| Government grants | $100,211 |
| All other contributions, gifts, grants, and similar amounts not included above | $387,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,179 |
| Total Program Service Revenue | $342,173 |
| Investment income | $2,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,381 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$39,741 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,269 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $826,184 |
| 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. | $78,037 |
| Compensation of current officers, directors, key employees. | $19,509 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,613 |
| Payroll taxes | $27,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,024 |
| Fees for services: Accounting | $27,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,183 |
| Office expenses | $18,500 |
| Information technology | $21,155 |
| Royalties | $0 |
| Occupancy | $74,934 |
| Travel | $624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,060 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,363 |
| Insurance | $24,750 |
| All other expenses | $3,089 |
| Total functional expenses | $970,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,102,546 |
| Investments—publicly traded securities | $115,810 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,626,868 |
| Accounts payable and accrued expenses | $17 |
| 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 | $27,447 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,464 |
| Net assets without donor restrictions | $2,271,153 |
| Net assets with donor restrictions | $328,251 |
| 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 | $2,626,868 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Louis J Koch Family Childrens Museum Of Evansville Inc has recieved totaling $332,216.
| Awarding Organization | Amount |
|---|---|
Koch Foundation Inc Evansville, IN PURPOSE: CAPITAL CAMPAIGN | $329,716 |
Chapman Family Foundation Inc Newburgh, IN PURPOSE: TO SUPPORT EDUCAITON | $2,500 |
Endowment Analysis
| Beg. Balance | $25,000 |
| Earnings | $453 |
| Other Expense | $453 |
| Ending Balance | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Museum Of Indianapolis Incorporated Indianapolis, IN | $487,243,633 | $55,187,916 |
Magic House St Louis, MO | $33,104,106 | $8,688,118 |
Chicago Childrens Museum Chicago, IL | $15,510,919 | $8,503,985 |
Madison Childrens Museum Foundation Inc Madison, WI | $2,957,823 | $4,551,726 |
Kohl Childrens Museum Of Greater Chicago Inc Glenview, IL | $19,595,160 | $2,484,089 |
Madison Childrens Museum Inc Madison, WI | $15,954,090 | $4,245,584 |
Dupage Childrens Museum Naperville, IL | $4,350,291 | $2,458,475 |
Betty Brinn Childrens Museum Milwaukee, WI | $2,981,160 | $2,729,087 |
Discovery Center Museum Of Rockford Inc Rockford, IL | $3,899,428 | $2,144,571 |
The Rabbit Hole Kc North Kansas City, MO | $10,673,262 | $1,916,945 |
The Building For Kids Inc Appleton, WI | $2,957,593 | $1,489,772 |
Childrens Museum Foundation Corp Springfield, IL | $5,283,537 | $664,344 |