Explorium Of Lexington
- Assets
- $418.6k
- Revenue
- $280.1k
- Investments
- $0.0
- Employees
- 18
- Location
- Lexington, KY
- Founding
- 09/1990
- Data as of
- 06/2021
- EIN
- 61-1183278
Organization Overview
Explorium Of Lexington is located in Lexington, KY. The organization was established in 1990. 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, Explorium Of Lexington employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explorium Of Lexington 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, Explorium Of Lexington generated $280.1k 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 (15.2%) each year. All expenses for the organization totaled $368.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A FUN AND DYNAMIC HANDS-ON LEARNING ENVIRONMENT THAT INSPIRES IMAGINATION AND CURIOSITY.
Describe the Organization's Program Activity:
THE EXPLORIUM PROVIDED PROGRAMMING ON-SITE TO OVER 5,000 CHILDREN AND ADULTS ACROSS KENTUCKY IN FY21. THIS INCLUDES MUSEUM ADMISSION THROUGH FAMILY VISITS, GROUP VISITS, CAMPS AND OTHER PROGRAMS. THE EXPLORIUM MADE AN IMPACT ON ANOTHER 2,500 CHILDREN THROUGH OFF-SITE PROGRAMMING. THIS INCLUDES FIELD TRIPS TO GO, TRAVELING TRUNKS, AND TAKE HOME ACTIVITY KITS. ALL PROGRAMMING PROVIDES CHILDREN WITH STEAM BASED LEARNING THROUGH PLAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Ellen Martin Executive Director | Officer | 25 | $55,200 |
Shelby Fink Chair | OfficerTrustee | 2 | $0 |
Patrick Singleton Treasurer | OfficerTrustee | 2 | $0 |
Olivia Davis Vice Chair | OfficerTrustee | 2 | $0 |
Jacinta Porter Secretary | Trustee | 2 | $0 |
Hunter Porter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,514 |
| Total Program Service Revenue | $119,072 |
| Investment income | $6,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72 |
| Net Income from Fundraising Events | $19,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,061 |
| 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. | $55,200 |
| Compensation of current officers, directors, key employees. | $8,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,495 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,984 |
| Payroll taxes | $6,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,976 |
| Office expenses | $23,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,563 |
| Travel | $179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,719 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,066 |
| Insurance | $11,456 |
| All other expenses | $0 |
| Total functional expenses | $368,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $37,087 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,500 |
| Prepaid expenses and deferred charges | $620 |
| Net Land, buildings, and equipment | $57,117 |
| Investments—publicly traded securities | $187,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $418,639 |
| Accounts payable and accrued expenses | $5,133 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $155,033 |
| Net assets without donor restrictions | -$93,759 |
| Net assets with donor restrictions | $357,365 |
| 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 | $418,639 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Explorium Of Lexington has recieved totaling $9,602.
| Awarding Organization | Amount |
|---|---|
Keeneland Foundation Inc Lexington, KY PURPOSE: GENERAL OPERATING GRANT | $5,000 |
Learning By Giving Foundation Inc Boston, MA PURPOSE: GENERAL SUPPORT | $2,500 |
Lexington Orphan Society Lexington, KY PURPOSE: SUBSIDY | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $102 |
Endowment Analysis
| Beg. Balance | $314,598 |
| Earnings | $45,506 |
| Admin Expense | $2,739 |
| Ending Balance | $357,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Museum Of Indianapolis Incorporated Indianapolis, IN | $487,243,633 | $55,187,916 |
Magic House St Louis, MO | $33,104,106 | $8,688,118 |
Chicago Childrens Museum Chicago, IL | $15,510,919 | $8,503,985 |
Childrens Museum Of Memphis Memphis, TN | $13,720,336 | $2,454,911 |
Creative Discovery Museum Chattanooga, TN | $21,187,184 | $5,712,908 |
Kohl Childrens Museum Of Greater Chicago Inc Glenview, IL | $19,595,160 | $2,484,089 |
Northern Virginia Science Center Foundation Fairfax, VA | $12,837,527 | $5,104,096 |
Dupage Childrens Museum Naperville, IL | $4,350,291 | $2,458,475 |
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 |
Discovery Center Museum Of Rockford Inc Rockford, IL | $3,899,428 | $2,144,571 |
Amazement Square Lynchburg, VA | $7,800,718 | $1,033,755 |