Chicago Childrens Museum
- Assets
- $15.5m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 98
- Location
- Chicago, IL
- Founding
- 04/1982
- Data as of
- 06/2022
- EIN
- 36-3162484
Organization Overview
Chicago Childrens Museum is located in Chicago, IL. The organization was established in 1982. 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, Chicago Childrens Museum employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago 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, Chicago Childrens Museum generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $5.9m during the year ending 06/2022. 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
CHICAGO CHILDREN'S MUSEUM'S MISSION IS TO IMPROVE CHILDREN'S LIVES BY CREATING A COMMUNITY WHERE PLAY & LEARNING CONNECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS/TOURS/WORKSHOPS- THERE ARE VARIOUS EXHIBITIONS FOR HANDS-ON LEARNING, INCLUDING GUIDED TOURS FOR SCHOOL GROUPS AND SELF-GUIDED TOURS FOR DROP-IN VISITORS. THE WORKSHOPS CONSIST OF ART AND LEARNING ACTIVITIES FOR SCHOOL AND FAMILY GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Farrington President/ceo | Officer | 37.5 | $220,665 |
Karen Alexander Vice President | 37.5 | $157,069 | |
Stacey Turner Chief Financial Officer | Officer | 37.5 | $129,172 |
Twania Brewster Vice President | 37.5 | $121,376 | |
Natalie Bortoli Program Director | 37.5 | $113,424 | |
Robert Barnett Past Chair | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Maintenance Company Inc Cleaning Services | 6/29/22 | $187,849 |
Bridgewater Studio Inc Exhibit Design | 6/29/22 | $441,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,674 |
| Related organizations | $0 |
| Government grants | $2,845,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,743,240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,608,062 |
| Total Program Service Revenue | $2,364,079 |
| Investment income | $2,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $529,270 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,503,985 |
| 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. | $293,327 |
| Compensation of current officers, directors, key employees. | $117,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,611,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $553,810 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $78,047 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,327 |
| Advertising and promotion | $82,009 |
| Office expenses | $103,878 |
| Information technology | $119,332 |
| Royalties | $0 |
| Occupancy | $193,902 |
| Travel | $8,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,468 |
| Interest | $156,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $617,319 |
| Insurance | $158,301 |
| All other expenses | $43,696 |
| Total functional expenses | $5,925,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,364,836 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,489,871 |
| Accounts receivable, net | $392,033 |
| 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 | $63,562 |
| Net Land, buildings, and equipment | $10,129,910 |
| Investments—publicly traded securities | $1,070,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,510,919 |
| Accounts payable and accrued expenses | $394,059 |
| Grants payable | $0 |
| Deferred revenue | $231,116 |
| 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 | $3,466,221 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,075,358 |
| Total liabilities | $6,166,754 |
| Net assets without donor restrictions | $5,641,026 |
| Net assets with donor restrictions | $3,703,139 |
| 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 | $15,510,919 |