Madison Childrens Museum Foundation Inc
- Assets
- $3.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/2003
- Data as of
- 06/2022
- EIN
- 43-1956290
Organization Overview
Madison Childrens Museum Foundation Inc is located in Madison, WI. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Childrens Museum Foundation Inc 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, Madison Childrens Museum Foundation Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION OF MADISON CHILDREN'S MUSEUM, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MADISON CHILDREN'S MUSEUM FOUNDATION OPERATES EXCLUSIVELY TO FURTHER THE WELL-BEING OF MADISON CHILDREN'S MUSEUM, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Johnson Chair | OfficerTrustee | 0.5 | $0 |
John Hintze Treasurer | OfficerTrustee | 0.5 | $0 |
Cristina Choi Secretary | OfficerTrustee | 0.5 | $0 |
Joel Martin Vice Chair | OfficerTrustee | 0.5 | $0 |
Deborah Gilpin President And CEO | Officer | 5 | $0 |
Peggy Pyle Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,198,583 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,931,406 |
| Noncash contributions included in lines 1a–1f | $109,853 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,129,989 |
| Total Program Service Revenue | $1,436,394 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,657 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,551,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,850,293 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,435 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,858,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,994,462 |
| 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 | $963,361 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,957,823 |
| Accounts payable and accrued expenses | $415,773 |
| Grants payable | $0 |
| Deferred revenue | $307,573 |
| 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 | $723,346 |
| Net assets without donor restrictions | $1,047,075 |
| Net assets with donor restrictions | $1,187,402 |
| 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 | $2,957,823 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Madison Childrens Museum Foundation Inc has recieved totaling $76,570.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: OUR FUTURE IN PLAY CAMPAIGN | $50,000 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $7,570 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $7,500 |
Madison Community Foundation Madison, WI PURPOSE: OUR FUTURE IN PLAY CAMPAIGN | $7,500 |
Madigan Family Foundation Chicago, IL PURPOSE: CHARITABLE PURPOSE | $4,000 |
Endowment Analysis
| Beg. Balance | $5,995 |
| Other Expense | $5,995 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Childrens Museum St Paul, MN | $26,748,657 | $10,384,942 |
Chicago Childrens Museum Chicago, IL | $15,510,919 | $8,503,985 |
Madison Childrens Museum Foundation Inc Madison, WI | $2,957,823 | $4,551,726 |
Kohl Childrens Museum Of Greater Chicago Inc Glenview, IL | $19,595,160 | $2,484,089 |
Madison Childrens Museum Inc Madison, WI | $15,954,090 | $4,245,584 |
Dupage Childrens Museum Naperville, IL | $4,350,291 | $2,458,475 |
Betty Brinn Childrens Museum Milwaukee, WI | $2,981,160 | $2,729,087 |
Ann Arbor Hands On Museum Ann Arbor, MI | $8,341,268 | $1,982,882 |
Discovery Center Museum Of Rockford Inc Rockford, IL | $3,899,428 | $2,144,571 |
Iowa Childrens Museum Coralville, IA | $6,008,938 | $1,241,709 |
The Building For Kids Inc Appleton, WI | $2,957,593 | $1,489,772 |
Childrens Museum Of Southern Minnesota Mankato, MN | $4,049,777 | $719,181 |