I D E A Museum Foundation
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mesa, AZ
- Founding
- 03/1980
- Data as of
- 06/2022
- EIN
- 94-2621572
Organization Overview
I D E A Museum Foundation is located in Mesa, AZ. The organization was established in 1980. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I D E A Museum Foundation 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 06/2022, I D E A Museum Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $248.1k during the year ending 06/2022. 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 MISSION OF THE I.D.E.A. MUSEUM IS TO INSPIRE CHILDREN OF ALL AGES TO EXPERIENCE THEIR WORLD DIFFERENTLY THROUGH ART, CREATIVITY AND IMAGINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IDEA MUSEUM IS OWNED BY THE CITY OF MESA AND IS SUPPORTED BY THE NONPROFIT ORGANIZATION THE IDEA MUSEUM FOUNDATION. THE MUSEUM INSPIRES CHILDREN OF ALL AGES TO EXPERIENCE THEIR WORLD DIFFERENTLY THROUGH ART, CREATIVITY AND IMAGINATION. THIS IS ACCOMPLISHED THROUGH ART EXHIBITIONS AND STEAM ACTIVITIES DESIGNED TO SUPPORT EARLY LEARNING, NURTURE CREATIVE THINKING, AND ENGAGE FAMILIES. THE IDEA MUSEUM FOUNDATION SUPPORTS EDUCATIONAL PROGRAMS, EXHIBITIONS, AND OPERATIONS AT THE I.D.E.A. MUSEUM WITH FUNDS, BOTH EARNED AND CONTRIBUTED. DURING THE 2021 THRU 2022 FISCAL YEAR 56,909 INDIVIDUALS AND 1,163 MEMBERS VISITED AND ENGAGED WITH THE IDEA MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Spilsbury Council Member Liaison | OfficerTrustee | 1 | $0 |
Lora Lassitter Board Chair | OfficerTrustee | 1 | $0 |
James Driscoll Treasurer | OfficerTrustee | 1 | $0 |
Spencer Lee Board Member | Trustee | 1 | $0 |
Kathryn Evans Board Member | Trustee | $0 | |
Andrea Ramos Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $984,721 |
| Noncash contributions included in lines 1a–1f | $900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,009,721 |
| Total Program Service Revenue | $61,208 |
| Investment income | $103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $9,999 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,081,031 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $725 |
| Fees for services: Accounting | $9,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,461 |
| Advertising and promotion | $3,000 |
| Office expenses | $4,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,082 |
| All other expenses | $0 |
| Total functional expenses | $248,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,563 |
| Savings and temporary cash investments | $208,625 |
| Pledges and grants receivable | $269,452 |
| 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 | $5,299 |
| Prepaid expenses and deferred charges | $2,278 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $383,382 |
| Total assets | $1,367,599 |
| Accounts payable and accrued expenses | $102,410 |
| Grants payable | $0 |
| Deferred revenue | $47,537 |
| 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 | $149,947 |
| Net assets without donor restrictions | $433,927 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,367,599 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that I D E A Museum Foundation has recieved totaling $40,073.
| Awarding Organization | Amount |
|---|---|
Jewish Community Foundation Of Greater Phoenix Scottsdale, AZ PURPOSE: OPERATIONAL SUPPORT | $40,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $73 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles County Museum Of Natural History Foundation Los Angeles, CA | $310,771,263 | $64,336,067 |
Academy Museum Foundation Beverly Hills, CA | $718,283,273 | $74,112,519 |
Fine Arts Museums Foundation San Francisco, CA | $293,998,421 | $1,528,655 |
Friends Of Public Radio Arizona Tempe, AZ | $7,510,291 | $7,440,783 |
Denver Art Museum Foundation Denver, CO | $207,954,853 | $33,249,188 |
California Center For The Arts Escondido Foundation Escondido, CA | $1,637,426 | $6,432,180 |
Screen Actors Guild - American Federation Of Television And Radio Los Angeles, CA | $32,891,873 | $7,217,007 |
Museum Of New Mexico Foundation Santa Fe, NM | $51,964,866 | $8,605,972 |
Dmns Foundation Denver, CO | $168,202,725 | $31,941,607 |
Clyfford Still Museum Foundation Denver, CO | $160,969,221 | $5,009,227 |
Carmel Mission Foundation Inc Carmel, CA | $1,231,681 | $982,770 |
Ford Theatre Foundation Hollywood, CA | $2,293,812 | $4,065,513 |