Greensboro Childrens Museum
- Assets
- $8.6m
- Revenue
- $865.0k
- Investments
- $0.0
- Employees
- 40
- Location
- Greensboro, NC
- Founding
- 07/1996
- Data as of
- 06/2021
- EIN
- 56-1959695
Organization Overview
Greensboro Childrens Museum is located in Greensboro, NC. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Greensboro Childrens Museum employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro 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 06/2021, Greensboro Childrens Museum generated $865.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. 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
TO ESTABLISH AND CONDUCT EDUCATIONAL PROGRAMS FOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS DESIGNED SPECIFICALLY FOR CHILDREN TO ENCOURAGE DISCOVERY, SELF-EXPRESSION, AND A LIFELONG LOVE OF LEARNING THROUGH AN INTERACTIVE, HANDS-ON APPROACH TO UNDERSTANDING OUR WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marian D King Ceo, Executive Director | Officer | 40 | $71,063 |
Alison Durham Chair Elect | OfficerTrustee | 3 | $0 |
Rosemary Kenerly Board Chair | OfficerTrustee | 3 | $0 |
Robert Johnson Treasurer | OfficerTrustee | 3 | $0 |
Chris Heffner Secretary | OfficerTrustee | 3 | $0 |
Bryan Clemmons Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lomax Construction Inc Construction Work | 6/29/18 | $1,051,586 |
Playground Safety Services Inc Installation | 6/29/18 | $111,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $230,092 |
| All other contributions, gifts, grants, and similar amounts not included above | $453,973 |
| Noncash contributions included in lines 1a–1f | $22,881 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $684,065 |
| Total Program Service Revenue | $153,776 |
| Investment income | $10,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,350 |
| Net Gain/Loss on Asset Sales | $171 |
| Net Income from Fundraising Events | -$254 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,136 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $865,049 |
| 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. | $71,446 |
| Compensation of current officers, directors, key employees. | $42,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,306 |
| Payroll taxes | $32,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,120 |
| Advertising and promotion | $5,117 |
| Office expenses | $48,151 |
| Information technology | $22,935 |
| Royalties | $0 |
| Occupancy | $50,111 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,467 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $353,545 |
| Insurance | $36,814 |
| All other expenses | $0 |
| Total functional expenses | $1,145,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,137 |
| Savings and temporary cash investments | $673,058 |
| Pledges and grants receivable | $289,925 |
| Accounts receivable, net | $3,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,017 |
| Prepaid expenses and deferred charges | $21,757 |
| Net Land, buildings, and equipment | $6,462,343 |
| Investments—publicly traded securities | $2,748 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $790,553 |
| Total assets | $8,648,406 |
| Accounts payable and accrued expenses | $96,451 |
| Grants payable | $0 |
| Deferred revenue | $78,327 |
| 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 | $771,124 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,288 |
| Total liabilities | $997,190 |
| Net assets without donor restrictions | $6,992,734 |
| Net assets with donor restrictions | $658,482 |
| 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 | $8,648,406 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Greensboro Childrens Museum has recieved totaling $325,345.
| Awarding Organization | Amount |
|---|---|
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $47,900 |
William I & Patricia S Snyder Foundation Moon Twp, PA PURPOSE: GENERAL PURPOSE | $36,000 |
Vf Foundation Wilmington, DE PURPOSE: LEARNING OPPORTUNITIES AND SHOWCASING DIVERSITY | $35,000 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: EDUCATION PROGRAMS | $25,000 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $22,775 |
Endowment Analysis
| Beg. Balance | $897,487 |
| Earnings | $167,740 |
| Admin Expense | $10,008 |
| Other Expense | $264,666 |
| Ending Balance | $790,553 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Good Shepherd India Virginia Beach, VA | $1,558,138 | $7,285,527 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
St Vincents Home Roanoke, VA | $12,045,312 | $7,784,150 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |
Foundation For American Freedom Alexandria, VA | $368,633 | $6,195,500 |
Good Shepherd Medication Management Memphis, TN | $2,325,879 | $2,559,042 |