The Museum Of Language Arts Incorporated
- Assets
- $56.1m
- Revenue
- $41.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Washington, DC
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-4894732
Organization Overview
The Museum Of Language Arts Incorporated, operating under the name Planet Word, is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Planet Word employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planet Word 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, Planet Word generated $41.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 49.8% each year . All expenses for the organization totaled $5.4m during the year ending 12/2022. While expenses have increased by 45.6% per year over the past 6 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON OCTOBER 22, 2020, THE MUSEUM OFFICIALLY OPENED ITS DOORS TO THE PUBLIC. THE MUSEUM SERVES MORE THAN 150,000 VISITORS ANNUALLY ON-SITE IN THE NEWLY PRESERVED AND REHABILITATED FRANKLIN SCHOOL, A 50,000-SQUARE-FOOT, 5-STORY NATIONAL HISTORIC LANDMARK. THE MUSEUM CURRENTLY FEATURES 10 IMMERSIVE, INTERACTIVE EXHIBIT GALLERIES THAT ENGAGE VISITORS IN EXPERIENCING WORDS AND LANGUAGE FROM A WIDE RANGE OF PERSPECTIVES - FROM THE SCIENCE OF HOW LANGUAGE SKILLS DEVELOP EARLY IN LIFE TO HOW WORDS ARE USED CREATIVELY AND PERSUASIVELY IN MUSIC, POETRY, HUMOR, ADVERTISING, ORATORY, AND LITERATURE. IN ADDITION, THE MUSEUM PROVIDES DYNAMIC AND ROBUST ONGOING ARTS, CULTURE, AND EDUCATION PROGRAMMING IN ITS AUDITORIUM AND CLASSROOM SPACES, AS WELL AS ONLINE, FOR CHILDREN, ADULTS, FAMILIES, STUDENTS, AND TEACHERS. OTHER FEATURES OF THE MUSEUM INCLUDE A GIFT SHOP, OFFICE SPACE FOR THE ADMINISTRATION OF THE MUSEUM, A RESTAURANT OPERATED BY A THIRD PARTY, AND AN INTERACTIVE GAME GALLERY THAT OPENED IN MARCH 2022 FEATURING WORD PUZZLES, MYSTERIES, AND RIDDLES TO SOLVE THROUGHOUT THE ROOM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Isacson Sabee Executive Director | OfficerTrustee | 55 | $351,900 |
Ann B Friedman Chair And CEO | OfficerTrustee | 55 | $0 |
Thomas L Friedman First Vice Chair | OfficerTrustee | 5 | $0 |
Sara Mark Lesk Second Vice Chair | OfficerTrustee | 5 | $0 |
Joseph Sassoon Third Vice Chair | OfficerTrustee | 5 | $0 |
Jay D Goldberg Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Local Projects Llc Exhibit Content Development | 12/30/22 | $156,587 |
Trimark Adams-burch Kitchen Equipment | 12/30/22 | $122,030 |
Admiral Security Services Security Services | 12/30/22 | $326,811 |
Contract Cleaning Svcs Janitorial Services | 12/30/22 | $110,926 |
Explus Exhibit Fabrication And Installation | 12/30/22 | $461,549 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $478,206 |
| Related organizations | $0 |
| Government grants | $65,083 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,986,026 |
| Noncash contributions included in lines 1a–1f | $37,754,357 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,529,315 |
| Total Program Service Revenue | $217,027 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $895,917 |
| Net Gain/Loss on Asset Sales | -$5,772 |
| Net Income from Fundraising Events | -$132,068 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $239,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,754,751 |
| 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. | $367,641 |
| Compensation of current officers, directors, key employees. | $102,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,648,443 |
| Pension plan accruals and contributions | $1,133 |
| Other employee benefits | $100,100 |
| Payroll taxes | $148,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $92,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,492 |
| Advertising and promotion | $68,561 |
| Office expenses | $170,575 |
| Information technology | $293,196 |
| Royalties | $0 |
| Occupancy | $672,714 |
| Travel | $5,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,053 |
| Interest | $39,183 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,226,459 |
| Insurance | $84,956 |
| All other expenses | $14,082 |
| Total functional expenses | $5,358,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $718,675 |
| Savings and temporary cash investments | $158,154 |
| Pledges and grants receivable | $1,702,375 |
| Accounts receivable, net | $12,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,650 |
| Prepaid expenses and deferred charges | $83,729 |
| Net Land, buildings, and equipment | $53,306,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,070 |
| Total assets | $56,103,343 |
| Accounts payable and accrued expenses | $291,713 |
| Grants payable | $0 |
| Deferred revenue | $6,014 |
| 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 | $1,050,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,999 |
| Total liabilities | $1,353,726 |
| Net assets without donor restrictions | $53,110,989 |
| Net assets with donor restrictions | $1,638,628 |
| 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 | $56,103,343 |