Imaginarium Of South Texas
- Assets
- $614.7k
- Revenue
- $343.1k
- Investments
- $0.0
- Employees
- 17
- Location
- Laredo, TX
- Founding
- 08/1991
- Data as of
- 12/2022
- EIN
- 74-2588661
Organization Overview
Imaginarium Of South Texas is located in Laredo, TX. 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 12/2022, Imaginarium Of South Texas employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imaginarium Of South Texas 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, Imaginarium Of South Texas generated $343.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $400.6k during the year ending 12/2022. While expenses have increased by 5.0% 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 LAREDO CHILDREN'S MUSEUM MISSION IS TO PROVIDE BI-CULTURAL EXHIBITS IN A CREATIVE LEARNING ENVIRONMENT TO THE CHILDREN AND FAMILIES OF THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IMAGINARIUM OF SOUTH TEXAS IS DEDICATED TO PROVIDING A SAFE PLACE FOR INQUIRY BASED LEARNING THAT EXPLORES THE NATURAL ENVIRONMENT AND ENCOURAGES THE CREATIVITY AND INDIVIDUAL EXPRESSION THAT IS NECESSARY FOR PERSONAL GROWTH AND SELF-ESTEEM OF CHILDREN. THE INFORMAL LEARNING ENVIRONMENTS PROVIDED ARE RECOGNIZED FOR THEIR IMPORTANT CONTRIBUTION TO THE OVERALL EDUCATION OF CHILDREN AND OF THEIR COMMUNITIES AS A WHOLE. THE IMAGINARIUM OF SOUTH TEXAS IS A UNIQUE RESOURCE WHICH ENGENDERS A LEARNING CULTURE FOR THE ENTIRE COMMUNITY. THE CONTINUED GROWTH OF THE ORGANIZATION HAS ENABLED A GREATER NUMBER OF CHILDREN IN THE COMMUNITY TO BENEFIT FROM ALL ITS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilbert Almaraz Member | Trustee | 2 | $0 |
Beckie Palomo Member | Trustee | 2 | $0 |
William B Green Co-Treasurer | OfficerTrustee | 2 | $0 |
Lisa Rogerio Treasurer | OfficerTrustee | 2 | $0 |
Anna Laura Cavazos Ramirez Member | OfficerTrustee | 2 | $0 |
Fernando Flores Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,291 |
| Total Program Service Revenue | $203,298 |
| Investment income | -$27,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,058 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,869 |
| Office expenses | $8,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,205 |
| Insurance | $5,558 |
| All other expenses | $54,815 |
| Total functional expenses | $400,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,128 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,352 |
| Investments—publicly traded securities | $356,231 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $614,711 |
| Accounts payable and accrued expenses | $2,293 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,293 |
| Net assets without donor restrictions | $581,921 |
| Net assets with donor restrictions | $30,497 |
| 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 | $614,711 |