The Works
- Assets
- $3.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Bloomington, MN
- Founding
- 11/1987
- Data as of
- 09/2023
- EIN
- 41-1570750
Organization Overview
The Works is located in Bloomington, MN. The organization was established in 1987. 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 09/2023, Works employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Works 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 09/2023, Works generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. While expenses have increased by 0.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WORKS' MISSION IS TO INSPIRE THE NEXT GENERATION OF INNOVATORS, ENGINEERS, AND CREATIVE PROBLEM SOLVERS. THE WORKS MUSEUM CREATES FUN AND INSPIRING HANDS-ON ENGINEERING EXPERIENCES FOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS VIA MUSEUM EXHIBITS FOR PUBLIC AND GROUPS, WORKSHOPS ON AND OFF-SITE, CAMPS AND CLASSES, AND COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Measells CEO | Officer | 40 | $134,582 |
Komal Bansal Trustee | Trustee | 1 | $0 |
Nicole Cameli Trustee | Trustee | 1 | $0 |
Jazmine Darden Trustee | Trustee | 1 | $0 |
Carolina Dufault Trustee | Trustee | 1 | $0 |
Brianne Gregory Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,118 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $633,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,700 |
| Total Program Service Revenue | $672,355 |
| Investment income | $16,625 |
| 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 | $1,343,762 |
| 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. | $134,582 |
| Compensation of current officers, directors, key employees. | $47,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $601,995 |
| Pension plan accruals and contributions | $12,038 |
| Other employee benefits | $0 |
| Payroll taxes | $56,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,320 |
| Office expenses | $19,553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $253,403 |
| Travel | $17,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,240 |
| Insurance | $13,873 |
| All other expenses | $4,073 |
| Total functional expenses | $1,302,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,406 |
| Savings and temporary cash investments | $627,731 |
| Pledges and grants receivable | $20,353 |
| 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 | $17,429 |
| Net Land, buildings, and equipment | $502,513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,782,670 |
| Total assets | $3,140,102 |
| Accounts payable and accrued expenses | $127,773 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,839,925 |
| Total liabilities | $2,117,698 |
| Net assets without donor restrictions | $764,554 |
| Net assets with donor restrictions | $257,850 |
| 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 | $3,140,102 |