Fairbanks Childrens Museum
- Assets
- $445.7k
- Revenue
- $480.4k
- Investments
- $0.0
- Employees
- 18
- Location
- Fairbanks, AK
- Founding
- 07/2011
- Data as of
- 12/2021
- EIN
- 26-4095584
Organization Overview
Fairbanks Childrens Museum is located in Fairbanks, AK. The organization was established in 2011. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Fairbanks Childrens Museum employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Childrens 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 12/2021, Fairbanks Childrens Museum generated $480.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $416.9k during the year ending 12/2021. While expenses have increased by 0.1% 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 MISSION OF THE FAIRBANKS CHILDRENS MUSEUM IS TO INSPIRE AND CONNECT FAMILIES THROUGH DISCOVERY AND THE POWER OF PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS PROVIDE EDUCATIONAL ACTIVITIES FOR CHILDREN AND THEIR FAMILIES WITH HANDS-ON, EXPLORATIVE EXHIBITS AND PROGRAMS, SERVING APPROXIMATELY 40,000 ADULTS AND CHILDREN PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady Gross Past President | Officer | 1 | $0 |
Krystal Resa Vice-President | Officer | 1 | $0 |
Lena Krutikov Secretary | Officer | 1 | $0 |
Nikole Schick Director | Trustee | 1 | $0 |
Brent Bennett Director | Trustee | 1 | $0 |
Heidi Wood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,015 |
| Related organizations | $0 |
| Government grants | $187,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,176 |
| Total Program Service Revenue | $165,570 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$796 |
| Net Income from Gaming Activities | $14,262 |
| Net Income from Sales of Inventory | $5,174 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $480,431 |
| 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. | $57,750 |
| Compensation of current officers, directors, key employees. | $28,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,149 |
| Pension plan accruals and contributions | $2,602 |
| Other employee benefits | $0 |
| Payroll taxes | $16,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $796 |
| Advertising and promotion | $4,165 |
| Office expenses | $10,581 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,638 |
| Travel | $2,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,256 |
| Insurance | $5,770 |
| All other expenses | $2,237 |
| Total functional expenses | $416,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,210 |
| Savings and temporary cash investments | $110,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,834 |
| Prepaid expenses and deferred charges | $2,164 |
| Net Land, buildings, and equipment | $150,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $445,709 |
| Accounts payable and accrued expenses | $6,780 |
| 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 | -$3,456 |
| Total liabilities | $3,324 |
| Net assets without donor restrictions | $442,385 |
| 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 | $445,709 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Fairbanks Childrens Museum has recieved totaling $24,080.
| Awarding Organization | Amount |
|---|---|
Alaska Community Foundation Anchorage, AK | | $15,000 |
Alaska Childrens Trust Anchorage, AK PURPOSE: PREVENTION | $7,200 |
Usibelli Foundation Fairbanks, AK PURPOSE: FOR EDUCATIONAL SERVICES | $1,000 |
Curtis-Meares Foundation Homer, AK PURPOSE: GENERAL FUND | $518 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $312 |
Rasmuson Foundation Anchorage, AK PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Experience Learning Community Seattle, WA | $150,532,395 | $23,528,435 |
Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust Seattle, WA | $67,990,835 | $9,421,562 |
Flying Heritage & Combat Armor Museum Severett, WA | $57,687,450 | $4,791,140 |
Sno-King Ice Sports Kirkland, WA | $2,403,737 | $2,901,295 |
Lemay-Americas Car Museum Tacoma, WA | $51,076,971 | $3,774,944 |
Bainbridge Island Museum Of Art Bainbridge Island, WA | $19,171,950 | $2,672,018 |
Alutiiq Heritage Foundation Kodiak, AK | $6,297,980 | $6,482,918 |
Northwest African American Museum Inc Seattle, WA | $2,508,685 | $2,382,834 |
George Weyerhaeuser Pacific Rim Bonsai Collection A Nonprofit Corp Federal Way, WA | $1,875,822 | $931,817 |
Whatcom Museum Foundation Bellingham, WA | $5,947,142 | $1,260,854 |
Wenatchee Valley Museum And Cultural Center Wenatchee, WA | $3,549,283 | $1,519,955 |
Foss Waterway Seaport Tacoma, WA | $3,002,833 | $1,362,741 |