Wilmington Childrens Museum Inc
- Assets
- $1.7m
- Revenue
- $941.8k
- Investments
- $0.0
- Employees
- 45
- Location
- Wilmington, NC
- Founding
- 02/1998
- Data as of
- 06/2022
- 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 06/2022, Wilmington Childrens Museum Inc employed 45 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 06/2022, Wilmington Childrens Museum Inc generated $941.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $777.0k 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 STIMULATE CHILDREN'S IMAGINATION, CURIOSITY AND LOVE OF LEARNING SO THAT THEY MIGHT LEARN AMAZING THINGS ABOUT THEMSELVES AND THE WORLD IN WHICH THEY LIVE THROUGH INFORMAL HANDS-ON CHILD DIRECTED EXPERIENCES. THE MUSEUM OFFERS EDUCATIONAL EXHIBITS AND PROGRAMS TO CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILMINGTON CHILDREN'S MUSEUM HAS BEEN SERVING OUR COMMUNITY FOR 25 YEARS. WE WELCOME APPROXIMATELY 43,000 VISITORS FROM ALL ACROSS THE COUNTRY ANNUALLY AND 20% OF OUR ADMISSIONS ARE PROVIDED AT A FREE OR REDUCED RATE. THE CHILDREN'S MUSEUM PROVIDES 17,000 SQUARE FEET OF INTERACTIVE EXHIBIT SPACE, DAILY PROGRAMS, FIELD TRIPS, BIRTHDAY PARTIES AND SUMMER CAMPS. WE ALSO WORK WITH A VARIETY OF COMMUNITY ORGANIZATIONS TO PROVIDE OUTREACH. WE ALL KNOW THE VALUE OF PLAY IN THE HEALTHY DEVELOPMENT OF A CHILD AND THE WILMINGTON CHILDREN'S MUSEUM SUPPORTS CREATIVE PLAY BY PROVIDING ACTIVITES FOCUSED ON STEM, LITERACY AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Sellgren Executive Di | Officer | 40 | $63,957 |
Harriett Loweth President | OfficerTrustee | 1 | $0 |
Cameron Crafford Vice Preside | OfficerTrustee | 1 | $0 |
Jeffrey Smith Treasurer | OfficerTrustee | 1 | $0 |
Clayton Gsell Board Member | Trustee | 1 | $0 |
Lanetta Pantiel Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $170,064 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,424 |
| Noncash contributions included in lines 1a–1f | $9,826 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,488 |
| Total Program Service Revenue | $356,967 |
| Investment income | -$30,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $146,680 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $941,807 |
| 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. | $71,184 |
| Compensation of current officers, directors, key employees. | $17,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,570 |
| Payroll taxes | $26,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,300 |
| Fees for services: Accounting | $12,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,163 |
| Fees for services: Other | $36,554 |
| Advertising and promotion | $6,220 |
| Office expenses | $16,002 |
| Information technology | $13,515 |
| Royalties | $0 |
| Occupancy | $131,667 |
| Travel | $7,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,538 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,658 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $776,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,050 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $108,811 |
| Accounts receivable, net | $14,101 |
| 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 | $3,353 |
| Net Land, buildings, and equipment | $1,139,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,628 |
| Total assets | $1,726,495 |
| Accounts payable and accrued expenses | $30,512 |
| Grants payable | $0 |
| Deferred revenue | $40,804 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $85,553 |
| Secured mortgages and notes payable | $711,102 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $867,971 |
| Net assets without donor restrictions | $577,569 |
| Net assets with donor restrictions | $280,955 |
| 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 | $1,726,495 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wilmington Childrens Museum Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Landfall Foundation Inc Wilmington, NC PURPOSE: Charitable Support | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edventure Inc Columbia, SC | $7,334,143 | $5,240,842 |
Childrens Museum Of Memphis Memphis, TN | $13,720,336 | $2,454,911 |
Childrens Museum Of Atlanta Inc Atlanta, GA | $7,234,962 | $4,142,531 |
Creative Discovery Museum Chattanooga, TN | $21,187,184 | $5,712,908 |
Childrens Museum Of The Upstate Inc Greenville, SC | $28,971,671 | $4,131,276 |
Northern Virginia Science Center Foundation Fairfax, VA | $12,837,527 | $5,104,096 |
Childrens Museum Of Richmond Richmond, VA | $8,094,641 | $4,347,352 |
Association Of Childrens Museums Inc Arlington, VA | $3,950,433 | $4,135,274 |
Amazement Square Lynchburg, VA | $7,800,718 | $1,033,755 |
Muse Knoxville Knoxville, TN | $1,015,860 | $1,450,790 |
Childrens Museum Corporation Of Rutherford County Murfreesboro, TN | $5,763,596 | $2,253,346 |
Childrens Museum Of The Lowcountry Charleston, SC | $4,118,375 | $1,339,647 |