Greensboro Childrens Museum
- Assets
- $9.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 36
- Location
- Greensboro, NC
- Founding
- 07/1996
- Data as of
- 06/2022
- 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 06/2022, Greensboro Childrens Museum employed 36 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 06/2022, Greensboro Childrens Museum generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. 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
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 |
|---|---|---|---|
Rosemary Kenerly Board Chair | OfficerTrustee | 3 | $0 |
Alison Durham Chair Elect | OfficerTrustee | 3 | $0 |
Robert Johnson Treasurer | OfficerTrustee | 3 | $0 |
Chris Heffner Secretary | OfficerTrustee | 3 | $0 |
Bryan Clemmons Director | Trustee | 3 | $0 |
Laura Collie 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 | $350,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,097,179 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,447,334 |
| Total Program Service Revenue | $799,561 |
| Investment income | $20,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,500 |
| Net Gain/Loss on Asset Sales | -$10,688 |
| Net Income from Fundraising Events | $106,303 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,396 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,391,439 |
| 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. | $83,122 |
| Compensation of current officers, directors, key employees. | $49,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,243 |
| Payroll taxes | $43,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,079 |
| Advertising and promotion | $18,013 |
| Office expenses | $56,689 |
| Information technology | $23,775 |
| Royalties | $0 |
| Occupancy | $52,795 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $365,058 |
| Insurance | $37,552 |
| All other expenses | $4,004 |
| Total functional expenses | $1,477,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,445 |
| Savings and temporary cash investments | $600,342 |
| Pledges and grants receivable | $1,773,208 |
| Accounts receivable, net | $29,263 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,795 |
| Prepaid expenses and deferred charges | $18,560 |
| Net Land, buildings, and equipment | $6,146,762 |
| Investments—publicly traded securities | $2,408 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $657,072 |
| Total assets | $9,719,855 |
| Accounts payable and accrued expenses | $162,192 |
| Grants payable | $0 |
| Deferred revenue | $144,290 |
| 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 | $306,482 |
| Net assets without donor restrictions | $6,966,258 |
| Net assets with donor restrictions | $2,447,115 |
| 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 | $9,719,855 |