Akron Childrens Museum
- Assets
- $1.1m
- Revenue
- $547.0k
- Investments
- $0.0
- Employees
- 15
- Location
- Akron, OH
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3118462
Organization Overview
Akron Childrens Museum is located in Akron, OH. The organization was established in 2014. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Akron Childrens Museum employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akron 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, Akron Childrens Museum generated $547.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $361.3k during the year ending 12/2021. 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
AKRON CHILDREN'S MUSEUM IS A GATHERING PLACE FOR CHILDREN AND FAMILIES, WHERE PLAY INSPIRES EXPLORATION, DISCOVERY, AND PROBLEM SOLVING. ACM ENVISIONS A COMMUNITY SHAPED BY LIFELONG LEARNERS, WHO PROVIDE INNOVATIVE LEADERSHIP INSPIRED BY CREATIVITY AND DIVERSE PERSPECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AKRON CHILDREN'S MUSEUM REOPENED ITS DOORS IN SEPTEMBER 2021 AFTER BEING UNABLE TO SERVE VISITORS IN PERSON SINCE THE FIRST QUARTER OF 2020 DUE TO COVID-19. UPON REOPENING THE MUSEUM STRONG EFFORTS WERE MADE TO BEGAN REBUILDING THE VISITOR BASE, EXPANDING OUTREACH EFFORTS AND CONTINUING TO FULFILLING THE MISSION OF THE MUSEUM THOROUGH PROGRAMMING TO MEET THE NEEDS OF THE COMMUNITY. LASTLY, THE MUSEUM WAS ABLE TO REIGNITE ITS CAPITAL CAMPAIGN AND SUCCEEDED IN MEETING THE MAJORITY OF THE 500,000 GOAL, POST- PANDEMIC. CONSTRUCTION IS TO BEGIN QUARTER 3 OF 2022 WITH AN EXPECTATION OF IT BEING NEAR COMPLETION AT THE END OF THE CALENDAR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci Buckner Executive Di | Officer | 40 | $94,900 |
Melissa Fashinpaur Past Preside | OfficerTrustee | 2 | $0 |
Bill Lowery II President | OfficerTrustee | 2 | $0 |
Phil Montgomery Vice Preside | OfficerTrustee | 2 | $0 |
Lauren Osina Secretary | OfficerTrustee | 2 | $0 |
Angie Rogers Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,330 |
| Related organizations | $0 |
| Government grants | $114,883 |
| All other contributions, gifts, grants, and similar amounts not included above | $314,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $443,540 |
| Total Program Service Revenue | $96,683 |
| 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 | $7,421 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$745 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $547,024 |
| 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. | $103,549 |
| Compensation of current officers, directors, key employees. | $10,355 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $934 |
| Payroll taxes | $13,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6 |
| Fees for services: Accounting | $35,029 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,935 |
| Advertising and promotion | $4,983 |
| Office expenses | $4,728 |
| Information technology | $5,826 |
| 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 | $17 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,062 |
| Insurance | $4,797 |
| All other expenses | $6,979 |
| Total functional expenses | $361,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $782,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $400 |
| 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 | $850 |
| Net Land, buildings, and equipment | $322,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,106,275 |
| Accounts payable and accrued expenses | $25,135 |
| Grants payable | $0 |
| Deferred revenue | $75,333 |
| 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 | $100,468 |
| Net assets without donor restrictions | $570,382 |
| Net assets with donor restrictions | $435,425 |
| 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 | $1,106,275 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Akron Childrens Museum has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
F W Albrecht Family Foundation Akron, OH PURPOSE: COMMUNITY, CHARITABLE SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |