The Delaware Childrens Museum Inc
- Assets
- $2.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Wilmington, DE
- Founding
- 08/1988
- Data as of
- 09/2023
- EIN
- 51-0305812
Organization Overview
The Delaware Childrens Museum Inc is located in Wilmington, DE. 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, Delaware Childrens Museum Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Childrens Museum 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, Delaware Childrens Museum Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.7m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE LEARNING THROUGH PLAY IN AN INTERACTIVE ENVIRONMNET OCUSED ON SCIENCE, TECHNOLOGY, READING, ENGINEERING, ARTS, AND MATH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DELAWARE CHILDREN'S MUSEUM PROVIDES STREAM PROGRAMMING IN A PLAYFUL LEARNING OPEN-ENDED ENVIRONMENT TO PROMOTE DEVELOPMENT OF SPECIFIC SKILLS CHILDREN NEED TO ULTIMATELY BECOM PRODUCTIVE MEMBERS OF NATONAL AND LOCAL WORKFORCES THAT REQUIRE SCIENCE, TECHNOLOGY, READING, ENGINEERING, ARTS, AND MATH SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Grasso President | OfficerTrustee | 1 | $0 |
Ryan Conner Treasurer | OfficerTrustee | 1 | $0 |
Mary Rose Correa Secretary | OfficerTrustee | 1 | $0 |
Karen Rose Director | Trustee | 1 | $0 |
Richa Goyal Director | Trustee | 1 | $0 |
Lisa Lessner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $299,243 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,463 |
| Total Program Service Revenue | $964,415 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,000 |
| 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 | $50,910 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,581,198 |
| 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. | $86,824 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $396,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,608 |
| Payroll taxes | $35,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,309 |
| Office expenses | $43,989 |
| Information technology | $22,607 |
| Royalties | $0 |
| Occupancy | $316,374 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $357,177 |
| Insurance | $40,343 |
| All other expenses | $107,126 |
| Total functional expenses | $1,741,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,845 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $86,944 |
| 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 | $12,535 |
| Prepaid expenses and deferred charges | $29,860 |
| Net Land, buildings, and equipment | $681,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,267,739 |
| Total assets | $2,210,606 |
| Accounts payable and accrued expenses | $142,634 |
| 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 | $1,456,643 |
| Total liabilities | $1,599,277 |
| Net assets without donor restrictions | $586,329 |
| Net assets with donor restrictions | $25,000 |
| 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 | $2,210,606 |