Florida Childrens Museum Inc
- Assets
- $9.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 24
- Location
- Lakeland, FL
- Founding
- 01/1991
- Data as of
- 06/2022
- EIN
- 59-2994883
Organization Overview
Florida 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 06/2022, Florida Childrens Museum Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida 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, Florida Childrens Museum Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $800.1k during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CURATING THE WORLD FOR ALL CHILDREN TO EXPLORE.
Describe the Organization's Program Activity:
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 DEBUTED IN LATE 2022 WHEN THE MUSEUM OPENED 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 16% OF ADMISSIONS WERE FREE (2021-2022) 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 2022, THE MUSEUM TRACKED 47,844 ADMISSIONS, 9,559 PROGRAM ATTENDEES AND 61,286 AT OUTREACH EFFORTS FOR A TOTAL IMPACT OF 118,689 VISITORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Jenson President | OfficerTrustee | 2 | $0 |
Thomas Lloyd Vice President | OfficerTrustee | 2 | $0 |
Lauren Albaum Secretary | OfficerTrustee | 2 | $0 |
Craig Spurlock Treasurer | OfficerTrustee | 2 | $0 |
Mandy Fulton Immediate Past President | Trustee | 2 | $0 |
Lane Hickey Wiggins Immediate Past President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $68,713 |
| Membership dues | $44,115 |
| Fundraising events | $72,447 |
| Related organizations | $0 |
| Government grants | $203,709 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,058,114 |
| Noncash contributions included in lines 1a–1f | $19,735 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,447,098 |
| Total Program Service Revenue | $233,263 |
| Investment income | $4,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,492 |
| Net Gain/Loss on Asset Sales | $3,522 |
| Net Income from Fundraising Events | -$6,316 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,314 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,692,578 |
| 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. | $113,208 |
| Compensation of current officers, directors, key employees. | $46,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,311 |
| Payroll taxes | $33,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,048 |
| Fees for services: Other | $4,403 |
| Advertising and promotion | $33,370 |
| Office expenses | $39,398 |
| Information technology | $4,323 |
| Royalties | $0 |
| Occupancy | $74,542 |
| Travel | $6,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,686 |
| Insurance | $4,184 |
| All other expenses | $11,487 |
| Total functional expenses | $800,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,164 |
| Savings and temporary cash investments | $1,014,698 |
| Pledges and grants receivable | $1,611,848 |
| Accounts receivable, net | $31,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,612 |
| Prepaid expenses and deferred charges | $785 |
| Net Land, buildings, and equipment | $6,926,019 |
| Investments—publicly traded securities | $187,978 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,827,622 |
| Accounts payable and accrued expenses | $608,798 |
| Grants payable | $0 |
| Deferred revenue | $253,732 |
| 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 | $2,989,119 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $285,323 |
| Total liabilities | $4,136,972 |
| Net assets without donor restrictions | $807,114 |
| Net assets with donor restrictions | $4,883,536 |
| 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 | $9,827,622 |