The Childrens Museum Of Cleveland
- Assets
- $9.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 35
- Location
- Cleveland, OH
- Founding
- 08/1982
- Data as of
- 12/2022
- EIN
- 34-1360267
Organization Overview
The Childrens Museum Of Cleveland is located in Cleveland, OH. The organization was established in 1982. 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, Childrens Museum Of Cleveland employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Museum Of Cleveland 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, Childrens Museum Of Cleveland generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. 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 CHILDREN'S MUSEUM OF CLEVELAND'S FOCUS: FOSTERING CREATIVITY VIA EXHIBITS AND PROGRAMMING FEATURING THE ARTS AND CONCEPT OF INVENTION; BEING A KEY RESOURCE FOR PARENTS/CAREGIVERS; CREATING POWERFUL TOOLS TO ENHANCE SCHOOL READINESS AND LITERACY; PLAYING A ROLE AS A VALUED PARTNER WITH OTHER REGIONAL EARLY CHILDHOOD ORGANIZATIONS; CREATING A FORUM/INCUBATOR FOR CAREGIVERS, PARENTS, TEACHERS AND ACADEMIC EXPERTS; OFFERING A BROAD AND DEEP PORTFOLIO OF MULTI-DISCIPLINED EDUCATION PROGRAMMING IN SCIENCE, MATH, THE ARTS, HISTORY AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMITTANCE TO THE MUSEUM FILLED WITH EXHIBITS THAT PROVIDE EXPERIENCES IN LINE WITH THE ORGANIZATION'S MISSON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Oeken Basil Board Member | Trustee | 0 | $0 |
Taylor Brown Board Member | Trustee | 0 | $0 |
Doreen Cahoon Board Member | Trustee | 0 | $0 |
Maria Cashy Board Member | Trustee | 0 | $0 |
Hannah Delis Board Member | Trustee | 0 | $0 |
Sharon El-Amin Williams Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $480,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $407,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $887,756 |
| Total Program Service Revenue | $936,481 |
| Investment income | $79,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,909 |
| 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 | $33,595 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,940,876 |
| 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. | $198,461 |
| Compensation of current officers, directors, key employees. | $19,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $599,372 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,031 |
| Payroll taxes | $62,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,752 |
| Fees for services: Accounting | $58,747 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,840 |
| Advertising and promotion | $4,100 |
| Office expenses | $88,919 |
| Information technology | $45,229 |
| Royalties | $0 |
| Occupancy | $625,417 |
| Travel | $1,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,595 |
| Insurance | $990 |
| All other expenses | $0 |
| Total functional expenses | $1,918,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,294,716 |
| Pledges and grants receivable | $229,907 |
| Accounts receivable, net | $9,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,285,600 |
| Inventories for sale or use | $12,414 |
| Prepaid expenses and deferred charges | $37,822 |
| Net Land, buildings, and equipment | $44,562 |
| Investments—publicly traded securities | $121,713 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,036,334 |
| Accounts payable and accrued expenses | $59,779 |
| Grants payable | $0 |
| Deferred revenue | $242,543 |
| 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 | $302,322 |
| Net assets without donor restrictions | $8,328,032 |
| Net assets with donor restrictions | $405,980 |
| 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 | $9,036,334 |