Childrens Museum Corporation Of Rutherford County
- Assets
- $6.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 53
- Location
- Murfreesboro, TN
- Founding
- 06/1987
- Data as of
- 12/2023
- EIN
- 62-1273308
Organization Overview
Childrens Museum Corporation Of Rutherford County, operating under the name Discovery Center At Murfree Spring, is located in Murfreesboro, TN. The organization was established in 1987. 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 12/2023, Discovery Center At Murfree Spring employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Center At Murfree Spring 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 12/2023, Discovery Center At Murfree Spring generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVERY CENTER AT MURFREE SPRING IS A HANDS-ON CHILDREN'S MUSEUM AND NATURE CENTER WITH A MISSION TO ENGAGE CURIOUS MINDS TO FUEL THE FUTURE. DC PROVIDES THE PUBLIC WITH A WIDE VARIETY OF SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH EXHIBITS AND PROGRAMS. PROGRAM OFFERINGS INCLUDE ON-SITE FIELD TRIPS, MOBILE LABS, SIX ANNUAL FREE CULTURAL EVENTS, MONTHLY SPECIAL EVENTS, AND WEEKLY PUBLIC PROGRAMS. DC SERVES APPROXIMATELY 108,342 VISITORS IN RUTHERFORD COUNTY AND MIDDLE TENNESSEE AND ANOTHER 4036 WITH OUR OFFSITE PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth Harper Rood President | OfficerTrustee | 1 | $0 |
Garth Bentley Treasurer | OfficerTrustee | 1 | $0 |
Rachel White Secretary | OfficerTrustee | 1 | $0 |
Tara Macdougall CEO | OfficerTrustee | 40 | $111,014 |
Veronica Bosnak CFO | OfficerTrustee | 40 | $88,594 |
Madhavi Boorgu Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,266 |
| Membership dues | $0 |
| Fundraising events | $61,052 |
| Related organizations | $0 |
| Government grants | $666,610 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,012 |
| Noncash contributions included in lines 1a–1f | $78,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,210,940 |
| Total Program Service Revenue | $1,037,965 |
| Investment income | $45,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,185 |
| Net Gain/Loss on Asset Sales | -$19,014 |
| Net Income from Fundraising Events | $17,977 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $47,744 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,346,724 |
| 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. | $210,556 |
| Compensation of current officers, directors, key employees. | $67,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $728,365 |
| Pension plan accruals and contributions | $8,230 |
| Other employee benefits | $59,343 |
| Payroll taxes | $70,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,625 |
| Advertising and promotion | $56,808 |
| Office expenses | $53,519 |
| Information technology | $48,039 |
| Royalties | $0 |
| Occupancy | $79,846 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $263,820 |
| Insurance | $27,167 |
| All other expenses | $0 |
| Total functional expenses | $2,169,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,564,112 |
| Savings and temporary cash investments | $230,516 |
| Pledges and grants receivable | $209,658 |
| Accounts receivable, net | $145,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,603 |
| Prepaid expenses and deferred charges | $62,961 |
| Net Land, buildings, and equipment | $3,311,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $587,828 |
| Total assets | $6,125,741 |
| Accounts payable and accrued expenses | $135,611 |
| Grants payable | $0 |
| Deferred revenue | $135,313 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $420,924 |
| Net assets without donor restrictions | $4,727,822 |
| Net assets with donor restrictions | $976,995 |
| 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 | $6,125,741 |