Totals
- Total revenue
- $4,787,786
- Total expenses
- $6,528,286
- Contributions and grants received
- $2,862,036
- Grants paid
- $11,602
- Program service revenue
- $1,801,782
- Investment income
- -$42,210
- Other revenue
- $166,178
- Total assets, end of year
- $35,882,821
- Total liabilities, end of year
- $4,279,838
- Net assets or fund balances, end of year
- $31,602,983
- Program services expenses (Part IX)
- $5,616,252
- Management and general expenses
- $620,616
- Fundraising expenses
- $291,418
- Program service expenses (Part III)
- $5,616,252
Program services were 86.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$386,775
-
1c · Fundraising events
$681,337
-
1e · Government grants (contributions)
$358,926
-
1f · All other contributions, gifts and grants
$1,434,998
-
1g · Noncash contributions included above
$135,372
-
2a · Program service revenue: ADMISSIONS REVENUE
total $1,012,460 · related or exempt $1,012,460
-
2b · Program service revenue: EDUCATION PROGRAMS
total $627,757 · related or exempt $627,757
-
2c · Program service revenue: FACILITY RENTAL
total $158,786 · related or exempt $158,786
-
2d · Program service revenue: OTHER REVENUE
total $2,779 · related or exempt $2,779
-
3 · Investment income
total $238,481 · excluded $238,481
-
7a · Gross sales of assets other than inventory
securities $1,094,661
-
7b · Less cost or other basis and sales expenses
securities $1,024,477 · other assets $350,875
-
7c · Gain or loss
securities $70,184 · other assets -$350,875
-
7d · Net gain or loss
total -$280,691 · excluded -$280,691
-
8a · Fundraising events: gross income
$179,416
-
8a · Fundraising events: contributions included on line 1c
$681,337
-
8b · Fundraising events: direct expenses
$157,847
-
8c · Net income from fundraising events
total $21,569 · excluded $21,569
-
10a · Gross sales of inventory
$402,802
-
10b · Cost of goods sold
$258,193
-
10c · Net income from sales of inventory
total $144,609 · related or exempt $144,609
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $11,602 · program services $11,602
-
5 · Compensation of officers, directors and key employees
total $154,937 · program services $116,413 · management and general $23,978 · fundraising $14,546
-
7 · Other salaries and wages
total $2,145,906 · program services $1,612,342 · management and general $332,094 · fundraising $201,470
-
8 · Pension plan contributions
total $39,695 · program services $29,825 · management and general $6,143 · fundraising $3,727
-
9 · Other employee benefits
total $173,324 · program services $130,228 · management and general $26,823 · fundraising $16,273
-
10 · Payroll taxes
total $169,569 · program services $127,408 · management and general $26,241 · fundraising $15,920
-
11b · Fees: legal
total $330 · management and general $330
-
11c · Fees: accounting
total $19,500 · management and general $19,500
-
11g · Fees: other
total $401,022 · program services $353,287 · management and general $47,735
-
12 · Advertising and promotion
total $186,226 · program services $186,226
-
16 · Occupancy
total $686,920 · program services $686,781 · management and general $139
-
20 · Interest
total $145,179 · program services $145,179
-
22 · Depreciation, depletion and amortization
total $1,165,424 · program services $1,107,762 · management and general $57,662
-
23 · Insurance
total $116,071 · program services $104,464 · management and general $11,607
-
24a · Other expenses: EDUCATIONAL
total $771,834 · program services $771,834
-
24b · Other expenses: SUPPLIES
total $118,777 · program services $83,204 · management and general $35,573
-
24c · Other expenses: OPERATIONAL COST
total $104,376 · program services $71,585 · management and general $32,791
-
24d · Other expenses: EVENTS
total $56,476 · program services $56,476
-
24e · All other expenses
total $61,118 · program services $21,636 · fundraising $39,482
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $747,996 · end of year $393,662
-
2 · Savings and temporary cash investments
beginning of year $1,285,303 · end of year $928,186
-
3 · Pledges and grants receivable
beginning of year $5,510,763 · end of year $4,193,929
-
4 · Accounts receivable
beginning of year $62,474 · end of year $65,377
-
7 · Other notes and loans receivable
beginning of year $12,049,700 · end of year $12,049,700
-
8 · Inventories for sale or use
beginning of year $30,727 · end of year $27,209
-
9 · Prepaid expenses and deferred charges
beginning of year $46,927 · end of year $47,248
-
10a · Land, buildings and equipment: cost or other basis
$26,595,350
-
10b · Land, buildings and equipment: accumulated depreciation
$11,578,585
-
10c · Land, buildings and equipment, net
beginning of year $15,132,536 · end of year $15,016,765
-
15 · Other assets
beginning of year $4,148,521 · end of year $3,160,745
-
17 · Accounts payable and accrued expenses
beginning of year $609,184 · end of year $733,473
-
19 · Deferred revenue
beginning of year $889,438 · end of year $540,648
-
23 · Secured mortgages and notes payable
beginning of year $3,003,623 · end of year $2,149,423
-
25 · Other liabilities
beginning of year $1,082,891 · end of year $856,294
-
27 · Net assets without donor restrictions
beginning of year $17,977,672 · end of year $14,255,401
-
28 · Net assets with donor restrictions
beginning of year $15,452,139 · end of year $17,347,582
Mission and programs · 2023
Mission
WE CREATE UNPARALLELED EXPERIENCES TO INSPIRE EXCELLENCE AND A LIFELONG JOY OF LEARNING.
-
THE MISSISSIPPI'S CHILDREN'S MUSEUM (MCM) SEEKS TO EMPOWER AND INSPIRE OUR STATE'S CHILDREN, REGARDLESS OF THEIR SOCIAL, EDUCATIONAL, OR ECONOMIC BACKGROUND. THE MISSION OF MCM IS TO CREATE UNPARALLELED EXPERIENCES TO INSPIRE EXCELLENCE AND A LIFELONG JOY OF LEARNING. THE 40,000 SQUARE FOOT MUSEUM IN THE JACKSON LOCATION AND 25,000 SQUARE FOOT MUSEUM IN THE MERIDIAN LOCATION ARE DESIGNED AROUND FIVE PRIMARY INITIATIVES, WITH CORRELATING EXHIBITS, PROGRAMS, AND OUTREACH EFFORTS. THESE INITIATIVES INCLUDE LITERACY, SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH (STEAM); HEALTH AND NUTRITION; CULTURAL ARTS AND MISSISSIPPI HERITAGE - THE KEYS TO HELPING CHILDREN MATURE INTO HEALTHY AND PRODUCTIVE ADULT LEARNERS.
Expenses $5,616,252 · Grants $11,602 · Revenue $1,801,782
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Susan GarrardSUSAN GARRARD
PRESIDENT/CE
- Total calculated
- $154,233
- From this org
- $143,705
- From related orgs
- $0
- Other
- $10,528
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,705
- Bonus
- not reported
- Other
- not reported
- Deferred
- $10,528
- Nontaxable benefits
- not reported
- Filer's total
- $154,233
-
Sarah SkeltonSARAH SKELTON
CFO
- Total calculated
- $117,390
- From this org
- $107,935
- From related orgs
- $0
- Other
- $9,455
- Hours/week
- 40
-
Alicen BlanchardALICEN BLANCHARD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Michael CormackMICHAEL CORMACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Terry Dale CruseTERRY DALE CRUSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Margaret CupplesMARGARET CUPPLES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lisa DidionLISA DIDION
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John FletcherJOHN FLETCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jeffery M GravesJEFFERY M GRAVES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Molly GriffinMOLLY GRIFFIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Beth HansenBETH HANSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jet HollingsworthJET HOLLINGSWORTH
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Wilson HoodWILSON HOOD
VP GOVERNANC
- Total calculated
- $0
- Hours/week
- 5
-
Olivia HostOLIVIA HOST
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Adams Yerger IVADAMS YERGER IV
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Otis Gowdy JrOTIS GOWDY JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Maggi LamptonMAGGI LAMPTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Carla LewisCARLA LEWIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rachel LottRACHEL LOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ashley MeenaASHLEY MEENA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Melanie MorganMELANIE MORGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Chip PickeringCHIP PICKERING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Camille YoungCAMILLE YOUNG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$11,602
PROGRAM SERVICES
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C3 · CHARITABLE · MS
Directly controlled by MCM MISSISSIPPI CHILDREN'S MUSEUM
-
MISSISSIPPI CHILDREN'S MUSEUM-MERID
501C3 · MUSEUM · MS · controlled entity
Directly controlled by MCM MISSISSIPPI CHILDREN'S MUSEUM
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MISSISSIPPI CHILDREN'S MUSEUM-MERID
MUSEUM · MS · income $1,882,704 · assets $17,260,470
Directly controlled by MCM MISSISSIPPI CHILDREN'S MUSEUM
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520529349301102
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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