Imaginarium Of South Texas
- Assets
- $671.4k
- Revenue
- $462.2k
- Investments
- $0.0
- Employees
- 17
- Location
- Laredo, TX
- Founding
- 08/1991
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Imaginarium Of South Texas generated $462.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $339.8k during the year ending 12/2021. While expenses have increased by 2.5% 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
2021
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 |
|---|---|---|---|
Orlando Zepeda Vice Preside | OfficerTrustee | $0 | |
Anna Laura Cavazos Ramirez Member | OfficerTrustee | $0 | |
William Green Co-Treasurer | OfficerTrustee | $0 | |
Hector Perez President | OfficerTrustee | $0 | |
Lisa Rogerio Treasurer | OfficerTrustee | $0 | |
Oscar Castillo Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $322,878 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,878 |
| Total Program Service Revenue | $115,053 |
| Investment income | $24,243 |
| 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 | $462,174 |
| 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 | $126,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,505 |
| Office expenses | $10,126 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,967 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,235 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,541 |
| Insurance | $9,152 |
| All other expenses | $41,673 |
| Total functional expenses | $339,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,742 |
| Savings and temporary cash investments | $386,580 |
| 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 | $25,087 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $671,409 |
| Accounts payable and accrued expenses | $1,487 |
| 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 | $28,405 |
| Total liabilities | $29,892 |
| Net assets without donor restrictions | $641,517 |
| Net assets with donor restrictions | $0 |
| 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 | $671,409 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Imaginarium Of South Texas has recieved totaling $222,959.
| Awarding Organization | Amount |
|---|---|
The Laredo Area Community Foundation Laredo, TX PURPOSE: Operating Expenses | $206,137 |
Guadalupe And Lilia Martinez Foundation Fairview, TX PURPOSE: OPERATING FUND | $10,000 |
United Way Of Laredo Inc Laredo, TX | | $6,822 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Antonio Childrens Museum San Antonio, TX | $50,471,816 | $7,193,393 |
Childrens Museum Inc Houston, TX | $41,895,143 | $8,015,634 |
Howard County Childrens Center Inc Nashville, AR | $6,009,144 | $5,154,134 |
Explora Science Center & Childrens Museum Of Albuquerque Albuquerque, NM | $9,408,039 | $6,717,766 |
Austin Childrens Museum Austin, TX | $3,973,786 | $3,420,353 |
Louisiana Childrens Museum New Orleans, LA | $51,750,591 | $13,869,102 |
Jasmine Moran Childrens Museum Foundation Inc Seminole, OK | $18,731,032 | $2,824,310 |
Enid Arts And Sciences Foundation Enid, OK | $3,878,571 | $824,375 |
Santa Fe Childrens Museum Inc Santa Fe, NM | $1,785,102 | $1,516,731 |
The Woodlands Childrens Museum The Woodlands, TX | $375,728 | $1,048,376 |
Bayou Country Childrens Museum Thibodaux, LA | $3,094,009 | $1,071,915 |
Epc Museum El Paso, TX | $45,971,408 | $16,291,718 |