Association Of Childrens Museums Inc
- Assets
- $3.6m
- Revenue
- $3.6m
- Investments
- $506.3k
- Employees
- 15
- Location
- Arlington, VA
- Founding
- 09/1988
- Data as of
- 09/2023
- EIN
- 95-4087882
Organization Overview
Association Of Childrens Museums Inc is located in Arlington, VA. The organization was established in 1988. 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 09/2023, Association Of Childrens Museums Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Childrens Museums Inc 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 09/2023, Association Of Childrens Museums Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $4.3m during the year ending 09/2023. While expenses have increased by 13.2% 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.
Since 2015, Association Of Childrens Museums Inc has awarded 100 individual grants totaling $1,953,651. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACM CHAMPIONS CHILDREN'S MUSEUMS AND TOGETHER ENRICH THE LIVES OF CHILDREN WORLDWIDE. OUR VISION: A WORLD THAT PRIORITIZES THE RIGHTS OF ALL CHILDREN TO PLAYFUL LEARNING AND A HEALTHY, SAFE, AND EQUITABLE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES - PROVIDES MEMBERS WITH INFORMATION ABOUT DEVELOPMENTS IN THE FIELD, PROFESSIONAL PRACTICES, FUNDING & FUNDING INITIATIVES. ALSO PROVIDES DIRECT ACCESS TO TRAINING & PUBLICATIONS.
THE NATIONAL SCIENCE FOUNDATION'S GRANT FOR RESEARCH IN THE CONCEPT OF; INTERPLAY: THE PRACTICE OF EARLY LEARNERS DEVELOPING STEM SKILLS THROUGH PLAY AND DESIGN. THROUGH A PARTNERSHIP WITH THE CENTER FOR RESEARCH ON LIFELONG STEM LEARNING AT OREGON STATE UNIVERSITY, THE PROJECT FOCUSES ON BROADENING PARTICIPATION AT THE START OF THE STEM PIPELINE BY SUPPORTING EARLY STEM LEARNERS THROUGH A GREATER CONTEXTUAL UNDERSTANDING OF HOW EXHIBIT DESIGN PRINCIPLES USED IN CHILDREN'S MUSEUMS AND SCIENCE CENTERS, THE CULTURAL RELEVANCE OF PLAY, AND THE DEVELOPMENT OF EARLY STEM SKILLS COME TOGETHER IN AN INTERSECTING RELATIONSHIP TO SUPPORT QUALITY, AGE-APPROPRIATE PLAY THAT SUPPORTS THE DEVELOPMENT OF EARLY STEM SKILLS.
ASIAN EXHIBIT INITIATIVE- PROGRAM TO TRAVEL ASIAN EXHIBITS TO MUSEUMS TO ENHANCE KNOWLEDGE OF ASIAN CULTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Hastings President | OfficerTrustee | 2.5 | $0 |
Joseph Cox President Elect | OfficerTrustee | 2.5 | $0 |
Crystal Bowyer Vice President | OfficerTrustee | 2.5 | $0 |
Putter Bert Secretary | OfficerTrustee | 2.5 | $0 |
Felipe Pena III Treasurer & Finance Chair | OfficerTrustee | 2.5 | $0 |
Tifferney White Governance & Nominating Chair | OfficerTrustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ravenswood Studios Inc Freeman Foundation Grant Design & Protot | 9/29/22 | $732,900 |
Blue Rhino Design Inc Freeman Foundation Grant Design Work | 9/29/22 | $149,195 |
Oregon State University Nsf Aisl Grant Work | 9/29/22 | $140,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,477 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $727,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,635,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,366,430 |
| Total Program Service Revenue | $1,205,895 |
| Investment income | $101,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,638,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $242,600 |
| 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. | $816,622 |
| Compensation of current officers, directors, key employees. | $136,184 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $300,878 |
| Pension plan accruals and contributions | $20,433 |
| Other employee benefits | $77,778 |
| Payroll taxes | $89,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,791 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $3,290 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,764,576 |
| Advertising and promotion | $15,649 |
| Office expenses | $138,218 |
| Information technology | $81,150 |
| Royalties | $0 |
| Occupancy | $92,541 |
| Travel | $133,530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $383,313 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,277 |
| Insurance | $9,749 |
| All other expenses | $0 |
| Total functional expenses | $4,267,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,087 |
| Savings and temporary cash investments | $1,271,768 |
| Pledges and grants receivable | $1,036,505 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $36,079 |
| Net Land, buildings, and equipment | $168,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $506,317 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $451,934 |
| Total assets | $3,647,648 |
| Accounts payable and accrued expenses | $259,217 |
| Grants payable | $0 |
| Deferred revenue | $220,493 |
| 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 | $544,510 |
| Total liabilities | $1,024,220 |
| Net assets without donor restrictions | $281,918 |
| Net assets with donor restrictions | $2,341,510 |
| 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 | $3,647,648 |
Grants Awarded
Over the last fiscal year, Association Of Childrens Museums Inc has awarded $181,700 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
KIDS DISCOVERY MUSEUM PURPOSE: FFACES HOSTING GRANT & NICKELODEON WORLDWIDE DAY OF PLAY PARTICIPATION | $15,900 |
SANTA FE CHILDREN'S MUSEUM PURPOSE: FFACES HOSTING GRANT & NICKELODEON WORLDWIDE DAY OF PLAY PARTICIPATION | $15,900 |
MONTSHIRE MUSEUM OF SCIENCE PURPOSE: FFACES HOSTING GRANT | $15,000 |
ANN ARBOR HANDS-ON MUSEUM PURPOSE: FFACES HOSTING GRANT | $15,000 |
WONDER UNIVERSE PURPOSE: FFACES HOSTING GRANT | $15,000 |
TREEHOUSE CHILDREN'S MUSEUM PURPOSE: FFACES HOSTING GRANT | $15,000 |