Kidsplay Childrens Museum Inc
- Assets
- $2.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Torrington, CT
- Founding
- 06/2013
- Data as of
- 12/2022
- EIN
- 45-4928276
Organization Overview
Kidsplay Childrens Museum Inc is located in Torrington, CT. The organization was established in 2013. 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, Kidsplay Childrens Museum Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kidsplay Childrens Museum 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 12/2022, Kidsplay Childrens Museum Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $857.0k during the year ending 12/2022. While expenses have increased by 10.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KIDSPLAY CURRENTLY OPERATES OVER 11,000 SF OF INTERACTIVE, HANDS-ON EXHIBITS DESIGNED TO ENGAGE CHILDREN AGES 1 10 IN CREATIVE LEARNING THROUGH PURPOSEFUL PLAY. KIDSPLAY PRESENTS LEARNING CONCEPTS IN WAYS THAT ARE MEANINGFUL AND ACCESSIBLE TO YOUNG CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITHIN ITS EXHIBIT GALLERIES, KIDSPLAY PROVIDES EXPERIENCES THAT PREPARE CHILDREN TO THRIVE INTELLECTUALLY, SOCIALLY, AND EMOTIONALLY. THE MUSEUM OPERATES HANDS-ON EXHIBITS DESIGNED TO INSPIRE CHILDREN AND CAREGIVERS TO DISCOVER, IMAGINE, AND CREATE. THE MUSEUM IS A SAFE, CREATIVE AND STIMULATING ENVIRONMENT TO PRACTICE SKILLS, BUILD CURIOSITY AND EXPLORE THROUGH DEVELOPMENTAL PLAY. THROUGHOUT 2021, THE MUSEUM OPERATED AT A REDUCED CAPACITY USING VARIOUS STRATEGIES TO MEET PUBLIC HEALTH AND MISSION IMPACT GOALS.
KIDSPLAY OFFERS EDUCATIONAL PROGRAMS AND OUTREACH ACTIVITIES TO ENHANCE CHILDREN'S COGNITIVE AND SOCIAL-EMOTIONAL GROWTH. THE MUSEUM WORKS WITH MANY SUBJECT AREA EXPERTS AND PARTNERS TO DELIVER SCIENCE, HUMANITIES, AND ARTS CONTENT IN A WAY THAT IS MEANINGFUL TO CHILDREN. IN 2021, THE MUSEUM PILOTED KIDSPLAY DAY CAMP, AN ENRICHING, LANGUAGE-RICH, CREATIVE EXPERIENCE FOR CHILDREN AFFILIATED WITH A LOCAL ENGLISH LANGUAGE LEARNERS PROGRAM. THESE INITIATIVES STRENGTHENED THE BRIDGE BETWEEN THE PLAYFUL LEARNING AT THE MUSEUM AND ACADEMIC READINESS FOR THE CLASSROOM.
THE MUSEUM PROVIDES SPACE AND PROGRAM SUPPORT TO OTHER NON-PROFITS AND MISSIONALIGNED COLLABORATIVE PARTNERS AT LOWER THAN MARKET FEES. THESE INCLUDE DESIGNATED AREAS FOR A FAMILY RESOURCE LIBRARY, A LOCAL COSTUME SHOP FOR A PERFORMING ARTS THEATRE, AND A MEETING SPACE FOR A FRATERNAL ORGANIZATION. THE MUSEUM'S PROGRAM ROOM IS ALSO PARTIALLY USED FOR ADULT ESL AND PARENTING CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Marriott Museum Director | Officer | 40 | $120,000 |
Kenneth Merz Director | Trustee | 1 | $0 |
Joann Ryan Dir To 5/2022 | Trustee | 1 | $0 |
Brian Mccormick President | OfficerTrustee | 2 | $0 |
Valerie Vitalo Dir To 6/2022 | Trustee | 1 | $0 |
Holly Hunt Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $325,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $555,038 |
| Noncash contributions included in lines 1a–1f | $10,452 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $880,868 |
| Total Program Service Revenue | $263,657 |
| Investment income | $2,893 |
| 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 | $4,782 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,153,215 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $25,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,062 |
| 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 | $11,539 |
| Advertising and promotion | $11,082 |
| Office expenses | $5,974 |
| Information technology | $15,081 |
| Royalties | $0 |
| Occupancy | $50,218 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,935 |
| Insurance | $32,562 |
| All other expenses | $34,900 |
| Total functional expenses | $857,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,012 |
| Savings and temporary cash investments | $374,161 |
| Pledges and grants receivable | $144,744 |
| Accounts receivable, net | $16,330 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,178 |
| Prepaid expenses and deferred charges | $10,836 |
| Net Land, buildings, and equipment | $1,890,507 |
| Investments—publicly traded securities | $11,717 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $719 |
| Total assets | $2,826,204 |
| Accounts payable and accrued expenses | $66,652 |
| Grants payable | $0 |
| Deferred revenue | $37,321 |
| 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 | $712,360 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $816,333 |
| Net assets without donor restrictions | $1,628,905 |
| Net assets with donor restrictions | $380,966 |
| 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 | $2,826,204 |