Louisiana Childrens Museum
- Assets
- $51.8m
- Revenue
- $13.9m
- Investments
- $188.6k
- Employees
- 75
- Location
- New Orleans, LA
- Founding
- 02/1982
- Data as of
- 12/2019
- EIN
- 72-0929068
Organization Overview
Louisiana Childrens Museum is located in New Orleans, LA. 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 12/2021, Louisiana Childrens Museum employed 75 individuals. This organization is the central organization for a national or regional group of organizations. Louisiana 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 12/2019, Louisiana Childrens Museum generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $3.5m during the year ending 12/2019. While expenses have increased by 10.3% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
LA CHILDREN'S MUSEUM CONTRIBUTES TO THE AREA'S FUTURE PROSPERITY BY ENGAGING CHILDREN'S POTENTIAL AND MAKING THAT POTENTIAL VISIBLE. THROUGH PLAY SHARED EXPLORATIONS, AND IN DIALOGUE WITH ADULTS, LCM CONNECTS CHILDREN TO EACH OTHER, ADULTS, THEIR ENVIRONMENTS, AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS AND EXHIBITS FOR ENHANCING CHILDREN'S AWARENESS, INTEREST, AND APPRECIATION. MANY PATRONS VISITED THE MUSEUM AND, ADDITIONALLY, THE MUSEUM REACHES CHILDREN THROUGH IT'S OFFSITE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Bland Executive Director | 40 | $105,833 | |
G Wogan Bernard Vp-Asst Secr. | OfficerTrustee | 1 | $0 |
Albert J Richard III Treasurer | OfficerTrustee | 1 | $0 |
Joseph L Bonavita Vice President | OfficerTrustee | 1 | $0 |
Colleen Canale Levy President | OfficerTrustee | 1 | $0 |
Jean-Paul Jp Morrell Asst Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $303,813 |
| Fundraising events | $267,702 |
| Related organizations | $0 |
| Government grants | $9,063,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,296,967 |
| Noncash contributions included in lines 1a–1f | $38,891 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,931,682 |
| Total Program Service Revenue | $1,073,285 |
| Investment income | $19,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,649,559 |
| Net Income from Fundraising Events | $34,030 |
| Net Income from Gaming Activities | $6,784 |
| Net Income from Sales of Inventory | $127,912 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,869,102 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,273,339 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,164 |
| Payroll taxes | $107,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,947 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,061 |
| Advertising and promotion | $471,936 |
| Office expenses | $142,515 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $300,775 |
| Travel | $11,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,047 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $503,173 |
| Insurance | $93,037 |
| All other expenses | $0 |
| Total functional expenses | $3,471,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,079,380 |
| Savings and temporary cash investments | $1,647,853 |
| Pledges and grants receivable | $2,174,554 |
| 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 | $44,675 |
| Prepaid expenses and deferred charges | $100,926 |
| Net Land, buildings, and equipment | $41,506,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $188,592 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,521 |
| Total assets | $51,750,591 |
| Accounts payable and accrued expenses | $1,505,983 |
| Grants payable | $0 |
| Deferred revenue | $688,729 |
| 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 | $68,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,263,537 |
| Net assets without donor restrictions | $44,887,790 |
| Net assets with donor restrictions | $4,599,264 |
| 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 | $51,750,591 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Louisiana Childrens Museum has recieved totaling $244,345.
| Awarding Organization | Amount |
|---|---|
Helis Foundation New Orleans, LA PURPOSE: OPERATING EXPENSES, FREE SATURDAYS IN OCTOBER, AND ART OF ALL | $99,700 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: CIVIC ENGAGEMENT | $70,870 |
Eugenie & Joseph Jones Family Foundation New Orleans, LA PURPOSE: TO FULFILL EXEMPT PURPOSE | $30,000 |
Baton Rouge Area Foundation Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $25,000 |
The Holt Family Foundation Hackensack, NJ PURPOSE: COMMUNITY OUTREACH | $6,500 |
Goldring Family Foundation Metairie, LA PURPOSE: ART & CULTURE | $5,000 |
Endowment Analysis
| Beg. Balance | $5,464,369 |
| Earnings | $32,997 |
| Net Contributions | $972,605 |
| Ending Balance | $6,469,971 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Antonio Childrens Museum San Antonio, TX | $50,471,816 | $7,193,393 |
Childrens Museum Inc Houston, TX | $41,895,143 | $8,015,634 |
Mississippi Childrens Museum Jackson, MS | $39,596,434 | $5,991,730 |
Howard County Childrens Center Inc Nashville, AR | $6,009,144 | $5,154,134 |
Austin Childrens Museum Austin, TX | $3,973,786 | $3,420,353 |
Louisiana Childrens Museum New Orleans, LA | $51,750,591 | $13,869,102 |
Lynn Meadows Discovery Center Gulfport, MS | $5,626,524 | $1,597,189 |
The Woodlands Childrens Museum The Woodlands, TX | $375,728 | $1,048,376 |
Bayou Country Childrens Museum Thibodaux, LA | $3,094,009 | $1,071,915 |
Epc Museum El Paso, TX | $45,971,408 | $16,291,718 |
Fort Bend Childrens Discovery Center Llc Houston, TX | $3,086,631 | $340,277 |
Childrens Discovery Museum Inc Victoria, TX | $3,813,783 | $625,817 |