Grand Rapids Childrens Museum
- Assets
- $2.8m
- Revenue
- $2.1m
- Investments
- $115.9k
- Employees
- 28
- Location
- Grand Rapids, MI
- Founding
- 07/1993
- Data as of
- 09/2022
- EIN
- 38-3088234
Organization Overview
Grand Rapids Childrens Museum is located in Grand Rapids, MI. The organization was established in 1993. 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 09/2022, Grand Rapids Childrens Museum employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Rapids 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 09/2022, Grand Rapids Childrens Museum generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $1.7m during the year ending 09/2022. While expenses have increased by 3.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES A HANDS-ON ENVIRONMENT THAT CELEBRATES CHILDHOOD, INSPIRES LEARNING AND ENCOURAGES SELF-DIRECTED EXPLORATION FOR CHILDREN.
Describe the Organization's Program Activity:
INFORMAL HANDS ON LEARNING ENVIRONMENT THAT NURTURES THE DESIRE IN CHILDREN TO EXPLORE AND DISCOVER THE WORLD IN WHICH WE LIVE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Parker President | Trustee | 1 | $0 |
Kelley Stoppels Past President | OfficerTrustee | 1 | $0 |
Dale Rietberg Board Member | Trustee | 1 | $0 |
David Gregory Board Member | Trustee | 1 | $0 |
Jason Joseph Board Member | Trustee | 1 | $0 |
Jason Schnelker Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,331 |
| Related organizations | $0 |
| Government grants | $233,448 |
| All other contributions, gifts, grants, and similar amounts not included above | $935,531 |
| Noncash contributions included in lines 1a–1f | $20,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,242,310 |
| Total Program Service Revenue | $791,666 |
| Investment income | $8,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,291 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,923 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,122,912 |
| 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. | $232,969 |
| Compensation of current officers, directors, key employees. | $51,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $534,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,618 |
| Payroll taxes | $81,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,200 |
| Advertising and promotion | $29,385 |
| Office expenses | $77,648 |
| Information technology | $37,502 |
| Royalties | $0 |
| Occupancy | $54,470 |
| Travel | $26,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,152 |
| Insurance | $16,240 |
| All other expenses | $25,171 |
| Total functional expenses | $1,688,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,506 |
| Savings and temporary cash investments | $1,160,729 |
| Pledges and grants receivable | $171,667 |
| 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 | $10,207 |
| Prepaid expenses and deferred charges | $174,332 |
| Net Land, buildings, and equipment | $1,170,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $115,875 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,835,746 |
| Accounts payable and accrued expenses | $169,569 |
| Grants payable | $0 |
| Deferred revenue | $78,873 |
| 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 | $248,442 |
| Net assets without donor restrictions | $1,138,033 |
| Net assets with donor restrictions | $1,449,271 |
| 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 | $2,835,746 |