Bronzeville Childrens Museum
- Assets
- $1.6m
- Revenue
- $111.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 12/1994
- Data as of
- 12/2023
- EIN
- 36-3969177
Organization Overview
Bronzeville Childrens Museum is located in Chicago, IL. The organization was established in 1994. According to its NTEE Classification (A53) the organization is classified as: Folk Arts Museums<i>(Draft Code - not for internal IRS use)</i>, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Bronzeville Childrens Museum employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bronzeville 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 12/2023, Bronzeville Childrens Museum generated $111.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $137.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 5 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE OPERATION OF CHILDREN'S MUSEUM FOR EDUCATIONAL, CULTURAL AND OTHER PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRONZEVILLE CHILDREN'S MUSEUM HAS PROVIDED A "CHILD FRIENDLY" ENVIRONMENT TO OVER 5,100 CHILDREN IN EFFORTS TO HELP REDUCE ILLITERACY AND OPEN THE DOORS TO KNOWLEDGE, SELF-ESTEEM AND HOPE FOR UNDERSERVED AFRICAN-AMERICAN CHILDREN AGES THREE TO ELEVEN YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Billie Wright Chairman | Officer | 5 | $0 |
Aretha Jackson Secretary | Officer | 5 | $0 |
Myrtle Fantroy Treasurer | Officer | 5 | $0 |
Paul J Montes II Director/trustee | Trustee | 1 | $0 |
Vilma Colom Trustee | Trustee | 1 | $0 |
Lester Coney Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,655 |
| Total Program Service Revenue | $9,125 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,780 |
| 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. | $9,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,080 |
| Office expenses | $1,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,048 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,335 |
| Insurance | $10,099 |
| All other expenses | $28,361 |
| Total functional expenses | $137,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,506 |
| 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 | $2,383 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,506,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,581,556 |
| Accounts payable and accrued expenses | -$419 |
| 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 | -$419 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,581,975 |
| 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 | $1,581,556 |