Northwoods Childrens Museum
- Assets
- $771.7k
- Revenue
- $245.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Eagle River, WI
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 39-1774863
Organization Overview
Northwoods Childrens Museum is located in Eagle River, WI. The organization was established in 1994. 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, Northwoods Childrens Museum employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwoods 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 12/2022, Northwoods Childrens Museum generated $245.8k 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 $224.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A HANDS ON LEARNING ENVIRONMENT FOR CHILDREN. THE EXHIBITS AT THE MUSEUM ARE DESIGNED TO TEACH CHILDREN ABOUT THE WORLD AROUND THEM IN A FUN AND ENJOYABLE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM SERVES CHILDREN LIVING AND/OR VISITING NORTHERN WISCONSIN BY PROVIDING A HANDS ON LEARNING EXPEREINCE VIA MUSEUM EXHIBITS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lara Barbour Board Member | Trustee | 5 | $0 |
Renee Ewings Board Member | Trustee | 5 | $0 |
Matthew Kluetz Board Member | Trustee | 5 | $0 |
Mary Mors Board Member | Trustee | 5 | $0 |
Sharon Nielsen Board Member | Trustee | 5 | $0 |
Michael Rigby Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,285 |
| Total Program Service Revenue | $159,314 |
| Investment income | $1,246 |
| 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 | $30,996 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,841 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,565 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,720 |
| Payroll taxes | $9,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,458 |
| Office expenses | $559 |
| Information technology | $1,409 |
| Royalties | $0 |
| Occupancy | $15,546 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,243 |
| Insurance | $4,664 |
| All other expenses | $2,180 |
| Total functional expenses | $224,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,912 |
| Savings and temporary cash investments | $411,661 |
| 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 | $5,000 |
| Inventories for sale or use | $32,470 |
| Prepaid expenses and deferred charges | $3,486 |
| Net Land, buildings, and equipment | $221,468 |
| Investments—publicly traded securities | $50,736 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $771,733 |
| Accounts payable and accrued expenses | $59 |
| 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 | $360,506 |
| Total liabilities | $360,565 |
| Net assets without donor restrictions | $411,168 |
| Net assets with donor restrictions | $0 |
| 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 | $771,733 |