Miami Childrens Museum Inc
- Assets
- $25.5m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 157
- Location
- Miami, FL
- Founding
- 07/1984
- Data as of
- 06/2021
- EIN
- 59-2396999
Organization Overview
Miami Childrens Museum Inc is located in Miami, FL. The organization was established in 1984. 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 06/2021, Miami Childrens Museum Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami 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 06/2021, Miami Childrens Museum Inc generated $5.9m 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 (3.9%) each year. All expenses for the organization totaled $5.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 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
MIAMI CHILDREN'S MUSEUM IS A NON-PROFIT EDUCATIONAL INSTITUTION, WHICH MEETS THE NEEDS OF ALL CHILDREN IN OUR MULTICULTURAL COMMUNITY. VISITORS OF ALL AGES ARE ENCOURAGED TO PLAY TOGETHER, LEARN, IMAGINE, AND CREATE. THE MUSEUM OFFERS INTERACTIVE EXHIBITS, PROGRAMS AND LEARNING MATERIALS RELATED TO ARTS, CULTURE, COMMUNITY AND COMMUNICATION. MIAMI CHILDREN'S MUSEUM IS DEDICATED TO ENRICHING THE LIVES OF ALL CHILDREN BY FOSTERING A LOVE OF LEARNING AND ENABLING CHILDREN TO REALIZE THEIR HIGHEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MIAMI CHILDREN'S MUSEUM CONTINUED TO SERVE CHILDREN AND THEIR FAMILIES DESPITE THE PANDEMIC. DURING ITS 408-DAY EXHIBIT GALLERY CLOSURE, THE MUSEUM OFFERED DRIVE-THROUGH CELEBRATIONS, DISTRIBUTING MORE THAN 50,000 LBS OF FOOD AND GIVING BOOKS, PPE ITEMS, LEARNING RESOURCES, BOARD GAMES, AND KITS FILLED WITH EDUCATIONAL ACTIVITIES TO MORE THAN 10,700 PEOPLE. IN ADDITION, THE MUSEUM CONTINUED ITS FORMAL ACADEMIC PROGRAMS BY EXPANDING TO VIRTUAL LEARNING. UPON REOPENING, THE MIAMI CHILDREN'S MUSEUM CHARTER SCHOOL AND EARLY CHILDHOOD INSTITUTE WELCOMED 371 CHILDREN EACH DAY AND PROVIDED SUBSIDIZED AFTER-SCHOOL PROGRAMMING FOR 314 CHILDREN. THE MUSEUM ALSO OFFERED EIGHT WEEKS OF THEMED, ART-BASED CURRICULUM FOR UP TO 100 CHILDREN EACH WEEK THROUGH OUR CAMP PROGRAMMING. THE TWO TRAVELING EXHIBITS, WIZARD OF OZ EDUCATIONAL EXHIBITION, CREATED IN PARTNERSHIP WITH WARNER BROS, AND THE LION GUARD: THE EXHIBIT, DESIGNED AND DEVELOPED WITH DISNEY JUNIOR, CONTINUE TRAVELING TO MAJOR METROPOLITAN CITIES.
THE MIAMI CHILDREN'S MUSEUM CONTINUED TO SERVE CHILDREN AND THEIR FAMILIES DESPITE THE PANDEMIC. DURING ITS 408-DAY EXHIBIT GALLERY CLOSURE, THE MUSEUM OFFERED DRIVE-THROUGH CELEBRATIONS, DISTRIBUTING MORE THAN 50,000 LBS OF FOOD AND GIVING BOOKS, PPE ITEMS, LEARNING RESOURCES, BOARD GAMES, AND KITS FILLED WITH EDUCATIONAL ACTIVITIES TO MORE THAN 10,700 PEOPLE. IN ADDITION, THE MUSEUM CONTINUED ITS FORMAL ACADEMIC PROGRAMS BY EXPANDING TO VIRTUAL LEARNING. UPON REOPENING, THE MIAMI CHILDREN'S MUSEUM CHARTER SCHOOL AND EARLY CHILDHOOD INSTITUTE WELCOMED 371 CHILDREN EACH DAY AND PROVIDED SUBSIDIZED AFTER-SCHOOL PROGRAMMING FOR 314 CHILDREN. THE MUSEUM ALSO OFFERED EIGHT WEEKS OF THEMED, ART-BASED CURRICULUM FOR UP TO 100 CHILDREN EACH WEEK THROUGH OUR CAMP PROGRAMMING. THE TWO TRAVELING EXHIBITS, WIZARD OF OZ EDUCATIONAL EXHIBITION, CREATED IN PARTNERSHIP WITH WARNER BROS, AND THE LION GUARD: THE EXHIBIT, DESIGNED AND DEVELOPED WITH DISNEY JUNIOR, CONTINUE TRAVELING TO MAJOR METROPOLITAN CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Spiegelman Ceo/executive Dir. | Officer | 60 | $253,045 |
Cristina Rodriguez Chief Marketing Officer | Officer | 60 | $113,881 |
Korollan King CFO | Officer | 60 | $75,085 |
Ryan Bailine Director | Trustee | 1 | $0 |
Jeffrey Berkowitz Chairman | Trustee | 8 | $0 |
Michael Berkowitz At Large | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,703,804 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,238,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,941,957 |
| Total Program Service Revenue | $1,028,615 |
| Investment income | $2,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,031 |
| Net Rental Income | $815,087 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $121,346 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,685 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,887,045 |
| 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. | $515,094 |
| Compensation of current officers, directors, key employees. | $203,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,123,043 |
| Pension plan accruals and contributions | $20,764 |
| Other employee benefits | $349,227 |
| Payroll taxes | $193,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $253,631 |
| Advertising and promotion | $34,099 |
| Office expenses | $118,869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $441,372 |
| Travel | $1,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,423 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $831,918 |
| Insurance | $223,808 |
| All other expenses | $26,743 |
| Total functional expenses | $5,451,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,391,873 |
| Savings and temporary cash investments | $1,988,533 |
| Pledges and grants receivable | $1,747,793 |
| Accounts receivable, net | $357,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,641 |
| Prepaid expenses and deferred charges | $146,633 |
| Net Land, buildings, and equipment | $15,399,581 |
| Investments—publicly traded securities | $3,413,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,097 |
| Total assets | $25,535,882 |
| Accounts payable and accrued expenses | $530,098 |
| Grants payable | $0 |
| Deferred revenue | $712,708 |
| 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 | $152,017 |
| Unsecured mortgages and notes payable | $847,867 |
| Other liabilities | $0 |
| Total liabilities | $2,242,690 |
| Net assets without donor restrictions | $19,286,853 |
| Net assets with donor restrictions | $4,006,339 |
| 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 | $25,535,882 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Miami Childrens Museum Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Thomas E Rodgers Jr Foundation Inc Miami, FL PURPOSE: UNDESIGNATED | $7,500 |
Endowment Analysis
| Beg. Balance | $3,300,739 |
| Earnings | $168,826 |
| Admin Expense | $56,044 |
| Ending Balance | $3,413,521 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcwane Science Center Birmingham, AL | $14,725,036 | $4,969,032 |
Miami Childrens Museum Inc Miami, FL | $25,535,882 | $5,887,045 |
Childrens Museum Of Tampa Inc Tampa, FL | $2,700,773 | $3,693,381 |
Childrens Museum Of Atlanta Inc Atlanta, GA | $7,234,962 | $4,142,531 |
Golisano Childrens Museum Of Naples Inc Naples, FL | $18,041,908 | $2,128,193 |
Great Explorations Inc St Petersburg, FL | $3,260,531 | $3,067,549 |
Imaginarium Group Inc Fort Myers, FL | $843,739 | $1,673,865 |
Young At Art Of Broward Inc Plantation, FL | $1,764,924 | $1,524,028 |
Childrens Museum Of The Treasure Coast Inc Stuart, FL | $1,959,677 | $794,532 |
Chom Incorporated Of Tuscaloosa County Tuscaloosa, AL | $1,498,320 | $473,680 |
Explorations V Childrens Museum Inc Lakeland, FL | $6,443,048 | $4,691,978 |
Boynton Cultural Centre Inc Boynton Beach, FL | $771,192 | $549,037 |