Wilmington Childrens Museum Inc
- Assets
- $2.1m
- Revenue
- $956.4k
- Investments
- $0.0
- Employees
- 33
- Location
- Wilmington, NC
- Founding
- 02/1998
- Data as of
- 06/2024
- EIN
- 56-2043649
Organization Overview
Wilmington Childrens Museum Inc is located in Wilmington, NC. The organization was established in 1998. 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 06/2024, Wilmington Childrens Museum Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilmington 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 06/2024, Wilmington Childrens Museum Inc generated $956.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $786.4k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: "IGNITING YOUNG MINDS TO EXPLORE THROUGH INTERACTIVE PLAY". OUR MISSION IS GUIDED BY THREE PRINCIPLES WHERE WE EMPOWER CHILDREN TO: IMAGINE - WE ENCOURAGE CHILDREN TO BE CURIOUS AND LEARN THROUGH PLAY. EXPLORE - WE INVITE CHILDREN TO DISCOVER SCIENCE, HEALTH, THE ARTS AND LITERACY THROUGH OUR EXHIBITS, ACTIVITIES, AND EVENTS. ENGAGE - WE ACTIVELY SUPPORT POSITIVE INTERACTIONS BETWEEN ALL CHILDREN, OUR COMMUNITY, AND OUR PLANET FOR TODAY AND THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILMINGTON CHILDREN'S MUSEUM HAS BEEN SERVING OUR COMMUNITY FOR OVER 27 YEARS. OUR MISSION IS TO PROVIDE A WELCOMING AND ENGAGING ENVIRONMENT THAT PROMOTES HANDS-ON ART, SCIENCE, AND LITERACY-FOCUSED LEARNING FOR ALL CHILDREN AND THEIR FAMILIES. BOASTING OVER 15,000 SQUARE FEET OF INDOOR AND OUTDOOR INTERACTIVE EXHIBIT SPACE, THE MUSEUM OFFERS DAILY PROGRAMS, FIELD TRIPS, CAMPS, OUTREACH OPPORTUNITIES, AND BIRTHDAY PARTIES. WE WELCOME OVER 60,000 VISITORS ANNUALLY FROM ALL OVER THE WORLD WITH MORE THAN 33% OF GENERAL ADMISSIONS DISCOUNTED OR FREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessie Goodwin Executive Di | Officer | 40 | $72,789 |
Harriett Loweth Chairman | OfficerTrustee | 1 | $0 |
Tiffany Kitchen Vice Chairma | OfficerTrustee | 1 | $0 |
Jeffrey Smith Treasurer | OfficerTrustee | 1 | $0 |
Larry Sackett Past Preside | Trustee | 1 | $0 |
Caroline Blanton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $432,781 |
| Related organizations | $0 |
| Government grants | $13,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,855 |
| Noncash contributions included in lines 1a–1f | $2,643 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,786 |
| Total Program Service Revenue | $495,538 |
| Investment income | $31,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$184,842 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $956,439 |
| 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. | $83,596 |
| Compensation of current officers, directors, key employees. | $20,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $329,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,432 |
| Payroll taxes | $33,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,513 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,196 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,448 |
| Office expenses | $11,838 |
| Information technology | $11,198 |
| Royalties | $0 |
| Occupancy | $102,588 |
| Travel | $15,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,001 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $786,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,798 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,125 |
| Accounts receivable, net | $14,649 |
| 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 | $5,948 |
| Net Land, buildings, and equipment | $1,299,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $234,273 |
| Total assets | $2,071,597 |
| Accounts payable and accrued expenses | $120,383 |
| Grants payable | $0 |
| Deferred revenue | $46,706 |
| 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 | $671,523 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $838,612 |
| Net assets without donor restrictions | $983,267 |
| Net assets with donor restrictions | $249,718 |
| 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 | $2,071,597 |