Creative Discovery Museum
- Assets
- $25.3m
- Revenue
- $6.3m
- Investments
- $4.6m
- Employees
- 104
- Location
- Chattanooga, TN
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 62-1509462
Organization Overview
Creative Discovery Museum is located in Chattanooga, TN. The organization was established in 1997. 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 12/2022, Creative Discovery Museum employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Discovery Museum 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 12/2022, Creative Discovery Museum generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 3.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CREATIVE DISCOVERY MUSEUMS MISSION IS TO INSPIRE ALL CHILDREN TO EXPLORE, INNOVATE, CREATE AND PLAY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREATIVE DISCOVERY MUSEUM USES PROVEN, EVIDENCE-BASED PRINCIPLES TO ENGAGE THE SENSES, INSPIRE EXPLORATION AND IGNITE CHILDRENS PASSION FOR LEARNING. WHILE SOME GUESTS MAY VIEW A VISIT TO THE MUSEUM AS MERLY A FUN OUTING, RESEARCH HAS LONG PROVEN THAT PLAY IS THE WORK OF CHILDHOOD. THROUGH PLAY CHILDREN GAIN MENTAL, PHYSICAL AND SOCIAL SKILLS NECESSARY TO SUCCEED IN THEIR ADULT LIVES. IN 2022 THE MUSEUM SERVED OVER 200,000 INDIVIDUALS THROUGH MUSEUM VISITS, EDUCATIONAL PROGRAMS, FREE AND REDUCED-PRICE ADMISSION AND MUCH MORE
THE MUSEUM ACHIEVES ITS MISSION FIRST THROUGH ITS PERMANENT EXHIBITION PROGRAM FOCUSING ON ARTS, SCIENCES, EARLY CHILDHOOD, HEALTH, AND THE ENVIRONMENT AND THROUGH TRAVLEING EXHIBITS THAT COMPLEMENT AND SUPPLEMENT THE EDUCATION CONTENT OF ITS CORE EXHIBITS. CDM TRADITIONALLY OFFERS A WIDE ARRAY OF EDUCATION PROGRAMS WITHIN THE MUSEUM THAT COMPLEMENT AND ENHANCE THE EXHIBITS INCLUDING SCIENCE THEATER DEMONSTRATIONS, INFANT AND TODDLER DEVELOPMENT CLASSES, HOME SCHOOL WORKSHOPS, SUMMER CAMPS, A TEEN VOLUNTEER PROGRAM, INCLUSIVE ACTIVITIES FOR CHILDREN WITH SPECIAL NEEDS, ART PERFORMANCES AND DEMONSTRATIONS, SPECIAL EVENT DAYS AND WALK-I ACTIVITIES. ADDITIONALLY, CDM SUPPORTS THE LOCAL SCHOOLS WITH A VARIETY OF EDUCATIONAL PROGRAMS INCLUDING SCHOOL TOURS AT THE MUSEUM, SCHOOL OUTREACH LESSONS, AND FAMILY NIGHTS AS WELL AS PROFESSIONAL DEVELOPMENT WORKSHOPS FOR TEACHERS. HISTORICALLY, THE MUSEUM SERVES APPROXIMATELY 45,000 STUDENTS PER YEAR THROUGH ITS OUTREACH PROGRAMS.
THE MUSEUM IS COMMITTED TO BEING AS ACCESSIBLE AS POSSIBLE TO FAMILIES. EACH YEAR CDM PROVIDS MORE THAN 50,000 FREE OR DISCOUNTED ADMISSIONS. THE MUSEUM IS FREE TO THE PUBLIC ON THE 2ND THURSDAY EVENING OF EACH MONTH. EVERY YEAR MORE THAN 11,000 VISITORS TAKE ADVANTAGE OF THE MUSEUMS FOR ALL PROGRAM WHICH ALLOWS ANYONE WITH AN EBT OR FOOD STAMP CARD TO BE ADMITTED FOR 3. CDM ALSO PROVIDES FREE ADMISSION FOR A RANGE OF SOCIAL SERVICE ORGANIZATIONS SUCH AS BIG BROTHERS, BIG SISTERS AND FOSTER PARENTS. A CURRENT STRATEGIC GOAL IS TO WELCOME CHILDREN OF ALL BACKGROUNDS AND CULTURES TO THE MUSEUM AND INCREASE THEIR GLOBAL AWARENESS AND CULTURAL LITERACY THROUGH EXHIBITS AND PROGRAMS. CDM PUBLISHED SOCIAL STORES, MADE SENSORY ACCOMODATING MATERIALS AVAILABLE TO GUESTS, PROVIDED PROGRAMS SUCH AS FREE SENSORY FRIENDLY NIGHTS. THE MUSEUM ALSO HOSTED CLUB DISCOVERY, AN INCLUSIVE AFTER-SCHOOL PROGRAM DESIGNED TO PROVIDE A FRAMEWORK TO EXPLORE THE WORLD IN A SAFE ENVIRONMENT FOR CHILDREN WITH AND WITHOUT SPECIAL NEEDS, AND FRIENDS DISCOVERY CAMP, A SUMMER CAMP SIMILAR TO CLUB DISCOVERY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Schulson Former CEO | Officer | 40 | $154,595 |
Danny Bost Trustee | Trustee | 2 | $0 |
Wayne Brown Trustee | Trustee | 2 | $0 |
Betsy Cake Trustee | Trustee | 2 | $0 |
Lisa Connor Trustee | Trustee | 2 | $0 |
Mario Duarte Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Counts Company Construction Services | 12/30/22 | $4,248,727 |
Weber Group Ii Llc Design Services | 12/30/22 | $485,754 |
Heartland Scenic Studio Exhibit Design Services | 12/30/22 | $654,298 |
Worlds Of Wow Design Services | 12/30/22 | $365,363 |
Blue Cross Blue Shield Of Tn Group Health Insurance | 12/30/22 | $278,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $396,853 |
| Fundraising events | $7,320 |
| Related organizations | $0 |
| Government grants | $2,118,521 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,568,762 |
| Noncash contributions included in lines 1a–1f | $155,455 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,091,456 |
| Total Program Service Revenue | $2,052,540 |
| Investment income | $24,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,638 |
| Net Gain/Loss on Asset Sales | $409 |
| Net Income from Fundraising Events | $93,175 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,266,199 |
| 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. | $165,171 |
| Compensation of current officers, directors, key employees. | $66,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,750,982 |
| Pension plan accruals and contributions | $15,376 |
| Other employee benefits | $251,085 |
| Payroll taxes | $138,032 |
| Fees for services: Management | $122,400 |
| Fees for services: Legal | $1,865 |
| Fees for services: Accounting | $14,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,329 |
| Advertising and promotion | $59,440 |
| Office expenses | $157,471 |
| Information technology | $22,140 |
| Royalties | $0 |
| Occupancy | $259,188 |
| Travel | $11,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,301 |
| Interest | $16,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $651,935 |
| Insurance | $31,858 |
| All other expenses | $97,539 |
| Total functional expenses | $4,441,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,185 |
| Savings and temporary cash investments | $808,915 |
| Pledges and grants receivable | $2,939,118 |
| Accounts receivable, net | $184,568 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $136,674 |
| Net Land, buildings, and equipment | $15,541,231 |
| Investments—publicly traded securities | $627,237 |
| Investments—other securities | $4,596,064 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,252,992 |
| Accounts payable and accrued expenses | $1,008,768 |
| Grants payable | $0 |
| Deferred revenue | $323,121 |
| 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 | $2,000,000 |
| Unsecured mortgages and notes payable | $1,345,943 |
| Other liabilities | $0 |
| Total liabilities | $4,677,832 |
| Net assets without donor restrictions | $7,015,081 |
| Net assets with donor restrictions | $13,560,079 |
| 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 | $25,252,992 |