Marbles Kids Museum is located in Raleigh, NC. The organization was established in 1986. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Marbles Kids Museum employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marbles Kids 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, Marbles Kids Museum generated $4.0m 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 (8.8%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. 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
MARBLES SPARKS IMAGINATION, DISCOVERY, AND LEARNING THROUGH PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM ACCOMPLISHMENTS FOR FY2021-2022 (FY22) FY22 WAS FULL OF TRANSFORMATION AND GROWTH AT MARBLES KIDS MUSEUM AS VISITATION BOUNCED BACK FROM THE COVID-19 PANDEMIC. MARBLES RESUMED IN-PERSON EVENTS, OPENED NEW EXHIBITS, AND RE-LAUNCHED IMPORTANT COMMUNITY ACCESS INITIATIVES. HIGHLIGHTS INCLUDE OPENING IMAGIFAB IN SEPTEMBER 2021, A COLLABORATIVE MAKER SPACE THAT TRANSFORMED THE 2ND FLOOR OF THE MUSEUM. IMAGIFAB IS AN INCLUSIVE AND OPEN SPACE WHERE FAMILIES PLAY SIDE-BY-SIDE AS THEY MAKE, CREATE, BUILD, AND ANIMATE. (CONTINUED ON SCHEDULE O)IN JUNE 2022, MARBLES OPENED READY SET VET, AN INNOVATIVE SPACE LOCATED IN AN EXPANSIVE CORNER OF THE AROUND TOWN GALLERY ON THE MUSEUM'S 1ST FLOOR. IN THE EXHIBIT, KIDS ROLE PLAY AS VETS AND TECHNICIANS AS THEY EXAMINE AND TREAT INJURIES, DIAGNOSE USING X-RAYS AND SCANS AND PRACTICE CARING FOR ALL TYPES OF ANIMALS. KIDS DISCOVER THE TECHNOLOGICAL ASPECTS OF MODERN VETERINARY MEDICINE, ALL THROUGH HANDS-ON PLAY IN A REALISTIC SETTING.IN SUPPORT OF OUR MISSION TO SPARK IMAGINATION, DISCOVERY, AND LEARNING THROUGH PLAY, MARBLES DELIVERS POWERFUL PLAY EXPERIENCES ALIGNED WITH FIVE CORE CONTENT INITIATIVES: READY SET LEARN, BE HEALTHY BE ACTIVE, CREATE INNOVATE, EXPLORE EXPERIMENT, AND CONNECT. CONTENT IS DELIVERED THROUGH INNOVATIVE AND INTERACTIVE EXHIBITS, DAILY EDUCATIONAL PROGRAMS, FIELD TRIPS, CAMPS, SPECIAL ACCESS PROGRAMS AND GIANT SCREEN IMAX FILMS. IN FY22, MARBLES KIDS MUSEUM SERVED OVER 324,000 VISITORS INCLUDING ALMOST 14,300 FIELD TRIP AND SUMMER GROUP GUESTS. MUSEUM FIELD TRIPS OFFER OPEN-ENDED MUSEUM EXPLORATION OF OUR EDUCATIONAL EXHIBITS AS WELL AS HANDS-ON SPECIALTY PROGRAMS ON TOPICS LIKE STEM, FINANCIAL LITERACY, NUTRITION, AND WEATHER. MARBLES ALSO OFFERS CURRICULUM-ALIGNED EDUCATIONAL FIELD TRIPS THAT INTEGRATE AWARD-WINNING IMAX DOCUMENTARIES WITH HANDS-ON LEARNING LABS FOR STUDENTS IN GRADES 5-8, BRINGING CONTENT TO LIFE THROUGH HANDS-ON ACTIVITIES. CAMP MARBLES ENGAGED MORE THAN 2,200 KIDS IN FUN, INTERACTIVE LEARNING AND PLAY THROUGH CREATING, BUILDING, AND EXPERIMENTING. MARBLES FULL CIRCLE ACCESS AND OUTREACH PROGRAMS PROVIDED OVER 45,100 FREE AND REDUCED RATE MUSEUM VISITS IN FY22 FOR TRADITIONALLY UNDERSERVED POPULATIONS, ENSURING ALL CHILDREN HAVE ACCESS TO MARBLES, DESPITE FINANCIAL OR PHYSICAL LIMITATIONS. MARBLES FULL CIRCLE PROGRAMS INCLUDE MUSEUM ACCESS FOR AT-RISK TITLE I AND PRESCHOOL GROUPS, EXTENDED HOURS FOR WORKING FAMILIES, FREE EVENTS FOR RISING KINDERGARTENERS AND THEIR FAMILIES AND FREE EVENTS FOR CHILDREN WITH SPECIAL NEEDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sally Edwards President & CEO | Officer | 40 | $204,816 |
Britt Thomas Chief Activation Officer | 40 | $106,240 | |
Nate Spilker Immediate Past Chair | OfficerTrustee | 1 | $0 |
Julie Paul Chair | OfficerTrustee | 1 | $0 |
Mary Beck Skinner Treasurer & Finance Chair | OfficerTrustee | 1 | $0 |
Naeill Leigh Secretary | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,702,522 |
Investment income | $14 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,660 |
Net Gain/Loss on Asset Sales | -$5,930 |
Net Income from Fundraising Events | -$29,665 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $190,569 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,967,863 |
Statement of Expenses | |
---|---|
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. | $340,248 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,915,821 |
Pension plan accruals and contributions | $25,463 |
Other employee benefits | $330,898 |
Payroll taxes | $146,903 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $28,174 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $1,140 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $91,261 |
Advertising and promotion | $20,777 |
Office expenses | $56,815 |
Information technology | $100,636 |
Royalties | $0 |
Occupancy | $12,340 |
Travel | $266 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,503 |
Interest | $113,723 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $380,947 |
Insurance | $50,101 |
All other expenses | $0 |
Total functional expenses | $3,984,527 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,523,916 |
Savings and temporary cash investments | $511,317 |
Pledges and grants receivable | $265,067 |
Accounts receivable, net | $8,812 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $75,507 |
Prepaid expenses and deferred charges | $24,606 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,202,594 |
Total assets | $8,790,326 |
Accounts payable and accrued expenses | $343,527 |
Grants payable | $0 |
Deferred revenue | $543,282 |
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 | $4,219,267 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $5,106,076 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $3,684,250 |