Explorations V Childrens Museum Inc

Organization Overview

Explorations V Childrens Museum Inc is located in Lakeland, FL. The organization was established in 1991. 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, Explorations V Childrens Museum Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explorations V 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, Explorations V Childrens Museum Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $615.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A HANDS-ON, FUN-FILLED ADVENTURE IN LEARNING FOR CHILDREN AND FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FLORIDA CHILDREN'S MUSEUM, INC. (THE MUSEUM) CURATES THE WORLD FOR ALL CHILDREN TO EXPLORE. THE MUSEUM, A 501(C)(3) NONPROFIT ORGANIZATION, OPERATES UNDER SEVEN GUIDING PRINCIPLES:1) WE EDUCATE THROUGH PLAY.2) WE WELCOME ALL CHILDREN.3) OUR PEOPLE ARE OUR SECRET SAUCE.4) WE ARE HERE TO STAY.5) WE SERVE OUR COMMUNITY.6) OUR CHILDREN ARE SAFE AND SECURE.7) WE SERVE THE WHOLE FAMILY.CONTINUED ON SCHEDULE OTHE MUSEUM OPENED IN DOWNTOWN LAKELAND, FLORIDA, IN 1991 AND PURCHASED THE FOUR-STORY HISTORIC KRESS BUILDING IN 1998. A NEW FACILITY WILL DEBUT IN 2022 WHEN THE MUSEUM OPENS AS FLORIDA CHILDREN'S MUSEUM AT BONNET SPRINGS PARK IN A NEW, STATE-OF-THE-ART 47,800 SQUARE FOOT FACILITY. THE MUSEUM PRODUCES MORE THAN 1,000 HOURS OF EDUCATOR-DIRECTED PROGRAMS EACH YEAR IN ADDITION TO PRESENTING WORLD-CLASS, HANDS-ON EXHIBITS. FUNDING FOR EXHIBITS AND PROGRAMS IS DIVERSIFIED AND INCLUDES TICKET SALES, SPONSORSHIPS, GRANTS, AND PRIVATE DONATIONS. THE MUSEUM IS A "MUSEUMS FOR ALL" FACILITY, PROVIDING ACCESS FOR FAMILIES WITH EBT CARDS FOR $3 ADMISSION AND 17% OF ADMISSIONS WERE FREE (2020-2021) THROUGH THE BLUE STAR PROGRAM, SMITHSONIAN FREE DAY, POLK COUNTY FAMILY WEEK, AND AS GRANTS WERE OBTAINED TO ADMIT MANY CHILDREN IN PROGRAMS AT LOW OR NO COST. IN FISCAL YEAR 2021, THE MUSEUM TRACKED 25,048 ADMISSIONS, 7,405 PROGRAM ATTENDEES AND 1,880 AT OUTREACH EFFORTS FOR A TOTAL IMPACT OF 34,333 VISITORS.


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Board, Officers & Key Employees

Name (title)Compensation
Kerry Falwell
CEO
$56,484
Thomas Lloyd
Secretary
$0
Lauren Jenson
President-Elect
$0
Mandy Fulton
President
$0
Craig Spurlock
Treasurer
$0
Jeff Sandman
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$54,900
Membership dues$13,812
Fundraising events$97,363
Related organizations$0
Government grants $194,006
All other contributions, gifts, grants, and similar amounts not included above$4,205,927
Noncash contributions included in lines 1a–1f $20,336
Total Revenue from Contributions, Gifts, Grants & Similar$4,566,008
Total Program Service Revenue$118,188
Investment income $3,165
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,575
Net Gain/Loss on Asset Sales $5,819
Net Income from Fundraising Events -$6,795
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $913
Miscellaneous Revenue$0
Total Revenue $4,691,978

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Explorations V Childrens Museum Inc has recieved totaling $625,071.

Awarding OrganizationAmount
Givewell Community Foundation Inc

Lakeland, FL

PURPOSE: GENERAL CONTRIBUTION

$504,500
United Way Of Central Florida Inc

Highland City, FL

PURPOSE: Donor Designated for General Support, Donor Designated for Program Costs, Donor Designated for Disaster/ Emergency Relief, Program Operating Cost

$70,571
Denis L Fontaine Foundation Inc

Tampa, FL

PURPOSE: GENERAL

$25,000
Polk Sheriffs Charities Inc

Winter Haven, FL

PURPOSE: SUPPORT PROGRAM SERVICES

$25,000
View Grant Recipient Profile

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