Childrens Museum Of Denver Inc
- Assets
- $24.7m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 125
- Location
- Denver, CO
- Founding
- 01/1974
- Data as of
- 06/2021
- EIN
- 84-0658142
Organization Overview
Childrens Museum Of Denver Inc is located in Denver, CO. The organization was established in 1974. 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 06/2021, Childrens Museum Of Denver Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Museum Of Denver 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 06/2021, Childrens Museum Of Denver Inc generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $5.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE EXTRAORDINARY EXPERIENCES THAT CHAMPION THE WONDER AND JOY OF CHILDHOOD.
Describe the Organization's Program Activity:
THE MUSEUM PROVIDES RICH PLAY EXPERIENCES AND A DYNAMIC LEARNING ENVIRONMENT WITH MORE THAN 20 INNOVATIVE EXHIBITS, EVER-CHANGING DAILY PROGRAMS AND EXCITING YEAR-ROUND SPECIAL EVENTS. MUSEUM STAFF ALSO TAKE EXPERIENCES INTO CLASSROOMS THROUGH OUTREACH PROGRAMMING AND REGULARLY PARTICIPATE IN COMMUNITY EVENTS. THESE EXPERIENCES AND PROGRAMS HELP DEVELOP SKILLS CHILDREN NEED IN THE 21ST CENTURY, SUCH AS CRITICAL THINKING AND COLLABORATION. ALL SCHOOL GROUP PROGRAMMING ALIGNS WITH COLORADO ACADEMIC STANDARDS, AND MUSEUM OFFERINGS ARE GUIDED BY THE MUSEUM'S EDUCATION FRAMEWORK, HEAD START'S CHILD DEVELOPMENT AND EARLY LEARNING FRAMEWORK, AND DEVELOPMENTALLY APPROPRIATE PRACTICE. AN ACTIVE MEMBER OF THE ASSOCIATION OF CHILDREN'S MUSEUMS, THE MUSEUM STAYS CURRENT ON BEST PRACTICES TO OFFER ITS GUESTS EXCEPTIONAL INFORMAL LEARNING EXPERIENCES. EXAMPLES OF MUSEUM PROGRAMS AND EXHIBITS INCLUDE: 1) THE CENTER FOR THE YOUNG CHILD, THE REGION'S ONLY DEVELOPMENTALLY-APPROPRIATE PLAY ENVIRONMENT EXCLUSIVELY FOR CHILDREN FROM BIRTH TO AGE THREE AND THEIR CAREGIVERS; 2) WATER, A LIVELY, STEM-RICH EXHIBIT THAT INVITES CHILDREN TO EXPERIMENT WITH WATER AND EXPLORE ITS PROPERTIES; 3) THE ART STUDIO, A NEW AREA DEDICATED TO CREATIVE WORKS USING PAINT, CLAY, FOUND MATERIALS AND OTHER MEDIA AND PROVIDING OPPORTUNITIES FOR CHILDREN TO WORK ALONGSIDE PROFESSIONAL ARTISTS THROUGH THE MUSEUM'S NEW ARTIST-IN-RESIDENCE PROGRAM; 4) OUTREACH PROGRAMS, WHICH ENHANCE CURRICULUM TAUGHT IN AREA CLASSROOMS; AND 5) SCHOOL GROUP FIELD TRIPS, WHICH ALLOW STUDENTS TO EXPLORE THE MUSEUM ON THEIR OWN AND PARTICIPATE IN ON-SITE FACILITATED EDUCATIONAL PROGRAMS.
THE EXHIBITS DESIGN TEAM AT THE CHILDREN'S MUSEUM OF DENVER AT MARSICO CAMPUS SPECIALIZES IN HELPING NON-PROFIT ORGANIZATIONS ARTICULATE AND CRAFT WORLD-CLASS INTERACTIVE AND INFORMAL LEARNING EXPERIENCES. WE PROVIDE EXPERT ADVICE ON THE MANY DECISIONS INVOLVED WITH DESIGNING, FABRICATING, INSTALLING, AND MAINTAINING NEW MUSEUM EXHIBITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Yankovich President And CEO | Officer | 40 | $222,666 |
Gretchen Kerr Chief Operating Officer | Officer | 40 | $139,327 |
Cyndi Kerins Chief Financial Officer | Officer | 40 | $115,522 |
Jeff Calderone Vice Chair | OfficerTrustee | 1 | $0 |
Judy Pottle Chair | OfficerTrustee | 1 | $0 |
Ryan Beiser Treasurer/secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goodland Construction Construction Services | 6/29/21 | $101,155 |
Abm Janitorial Services Janitorial Services | 6/29/21 | $123,527 |
Jonathan Goldstein Design Consulting Services | 6/29/21 | $121,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,339,557 |
| Investment income | $64,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,451 |
| Net Gain/Loss on Asset Sales | $350,517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $3,240 |
| Net Income from Sales of Inventory | $60,923 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,219,080 |
| Statement of Expenses | |
|---|---|
| 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. | $486,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,710,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $336,551 |
| Payroll taxes | $312,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $407,281 |
| Advertising and promotion | $14,485 |
| Office expenses | $187,814 |
| Information technology | $58,842 |
| Royalties | $0 |
| Occupancy | $495,694 |
| Travel | $0 |
| 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 | $890,833 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,072,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,785,636 |
| Savings and temporary cash investments | $253 |
| Pledges and grants receivable | $206,507 |
| Accounts receivable, net | $39,589 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,474 |
| Prepaid expenses and deferred charges | $83,079 |
| Investments—publicly traded securities | $4,400,990 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,663,465 |
| Accounts payable and accrued expenses | $388,771 |
| Grants payable | $0 |
| Deferred revenue | $494,799 |
| 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 | $1,987,668 |
| Total liabilities | $2,871,238 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $21,792,227 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Childrens Museum Of Denver Inc has recieved totaling $640,289.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $128,514 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: ACCESS INITIATIVES FOR LOW-INCOME FAMILIES, TO BE PAID OVER TWO YEARS. THE FIRST PAYMENT OF $100,000 WILL BE PAID AFTER THE CONTRACT HAS BEEN SIGNED AND RETURNED. THE REMAINING $100,000 WILL BE PAID UPON RECEIPT OF AN ACCEPTABLE PROGRESS REPORT, DETAILING THE ACTIVITIES IN YEAR ONE OF THIS GRANT, INCLUDING FINANCIAL REPORTS, UPDATES REGARDING ANY CHANGES TO THE SCOPE OF WORK OR BUDGET, AND AN UPDATED QUALITY GOAL, DUE NO LATER THAN 3/31/2023 | $100,000 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: ACCESS INITIATIVES FOR LOW-INCOME FAMILIES (TWO-YEAR GRANT) | $100,000 |
Vf Foundation Wilmington, DE PURPOSE: JOY PARK AND ADVENTURE FOREST FUND | $50,000 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: ACCESS INITIATIVES FOR LOW-INCOME FAMILIES (TWO PAYMENTS - CONDITIONAL) | $50,000 |
Harmes C Fishback Foundation Trust Englewood, CO PURPOSE: CULTURAL | $45,000 |
Endowment Analysis
| Beg. Balance | $40,591 |
| Earnings | $6,829 |
| Ending Balance | $47,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Museum Of Denver Inc Denver, CO | $24,663,465 | $4,219,080 |
Explora Science Center & Childrens Museum Of Albuquerque Albuquerque, NM | $9,408,039 | $6,717,766 |
Omaha Childrens Museum Inc Omaha, NE | $6,009,247 | $3,970,872 |
Discovery Gateway Salt Lake City, UT | $3,078,534 | $3,546,576 |
Over The Rainbow Butterfly Garden Inc Flagstaff, AZ | $925,650 | $2,814,063 |
Tucson Childrens Museum Inc Tucson, AZ | $1,837,223 | $2,864,364 |
Lincoln Childrens Museum Lincoln, NE | $8,286,957 | $2,519,873 |
Jasmine Moran Childrens Museum Foundation Inc Seminole, OK | $18,731,032 | $2,824,310 |
Enid Arts And Sciences Foundation Enid, OK | $3,878,571 | $824,375 |
Santa Fe Childrens Museum Inc Santa Fe, NM | $1,785,102 | $1,516,731 |
The Powerhouse Durango, CO | $3,488,196 | $774,423 |
St George Childrens Museum St George, UT | $624,795 | $931,671 |