Bronzeville Childrens Museum
- Assets
- $1.7m
- Revenue
- $83.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 12/1994
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Bronzeville Childrens Museum generated $83.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $102.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Peggy A Montes President | OfficerTrustee | 40 | $5,000 |
Aretha Jackson Secretary | Officer | 5 | $0 |
Dr Billie Wright Chairman | Officer | 5 | $0 |
Myrtle Fantroy Treasurer | Officer | 5 | $0 |
Lester Coney Trustee | Trustee | 1 | $0 |
Lenore Janecek Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,715 |
| Total Program Service Revenue | $5,575 |
| 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 | $83,290 |
| 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. | $7,000 |
| 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 | $536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,000 |
| Office expenses | $2,454 |
| 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 | $400 |
| Interest | $1,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,335 |
| Insurance | $7,578 |
| All other expenses | $19,250 |
| Total functional expenses | $102,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,608 |
| 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 | $1,642 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,603,337 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,652,587 |
| Accounts payable and accrued expenses | $2,356 |
| 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 | $8,167 |
| Other liabilities | $0 |
| Total liabilities | $10,523 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,642,064 |
| 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 | $1,652,587 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bronzeville Childrens Museum has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyric Opera Of Chicago Chicago, IL | $270,226,178 | $60,302,671 |
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
Field Museum Of Natural History Chicago, IL | $874,117,562 | $94,095,312 |
Interlochen Center For The Arts Interlochen, MI | $234,270,312 | $77,699,935 |
The Edison Institute Inc Dearborn, MI | $598,342,638 | $88,893,387 |
Cleveland Museum Of Art Cleveland, OH | $1,319,088,329 | $90,038,138 |
Minnesota Historical Society Saint Paul, MN | $261,681,031 | $58,257,393 |
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Musical Arts Association Cleveland, OH | $284,635,926 | $54,210,898 |
Crystal Bridges Museum Of American Art Inc Bentonville, AR | $1,732,386,844 | $177,931,616 |
Navy Pier Inc Chicago, IL | $199,546,550 | $62,194,092 |
Credit Unions Chartered In The State Of Michigan Plymouth, MI | $1,253,139,306 | $61,092,324 |