Form 990 for tax year 2022

Filed by NORTH CAROLINA CHILDRENS MUSEUM.

Totals

Total revenue: $1,119,823
Total expenses: $1,045,671
Contributions and grants received: $875,131
Grants paid: $0
Program service revenue: $224,430
Investment income: $0
Other revenue: $20,262
Total assets, end of year: $478,315
Total liabilities, end of year: $304,974
Net assets or fund balances, end of year: $173,341
Program services expenses (Part IX): $738,920
Management and general expenses: $224,856
Fundraising expenses: $81,895
Program service expenses (Part III): $738,920

Program services were 70.7% 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

$63,042
1c · Fundraising events

$41,060
1e · Government grants (contributions)

$284,973
1f · All other contributions, gifts and grants

$486,056
1g · Noncash contributions included above

$5,979
2a · Program service revenue: ADMISSIONS

total $124,379 · related or exempt $124,379
2b · Program service revenue: PROGRAM FEES

total $99,234 · related or exempt $99,234
2c · Program service revenue: PUNCH CARD, PASSES

total $817 · related or exempt $817
6a · Gross rents

real property $20,527
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $20,527
6d · Net rental income or loss

total $20,527 · excluded $20,527
8a · Fundraising events: gross income

$1,209
8a · Fundraising events: contributions included on line 1c

$41,060
8b · Fundraising events: direct expenses

$1,474
8c · Net income from fundraising events

total -$265 · excluded -$265

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $127,661 · program services $101,529 · management and general $13,337 · fundraising $12,795
7 · Other salaries and wages

total $545,679 · program services $433,966 · management and general $57,022 · fundraising $54,691
9 · Other employee benefits

total $32,004 · program services $25,604 · management and general $3,200 · fundraising $3,200
10 · Payroll taxes

total $56,541 · program services $44,972 · management and general $5,902 · fundraising $5,667
11c · Fees: accounting

total $86,505 · program services $7,577 · management and general $77,198 · fundraising $1,730
12 · Advertising and promotion

total $9,247 · program services $7,694 · management and general $1,198 · fundraising $355
13 · Office expenses

total $17,273 · program services $5,521 · management and general $11,401 · fundraising $351
14 · Information technology

total $12,796 · program services $206 · management and general $12,537 · fundraising $53
16 · Occupancy

total $60,321 · program services $49,046 · management and general $8,442 · fundraising $2,833
17 · Travel

total $8,883 · program services $12 · management and general $8,871
20 · Interest

total $4,244 · management and general $4,244
22 · Depreciation, depletion and amortization

total $9,304 · program services $9,304
23 · Insurance

total $6,112 · program services $4,787 · management and general $1,325
24a · Other expenses: EXHIBIT EXPENSES

total $40,142 · program services $39,109 · management and general $1,033
24b · Other expenses: MISCELLANEOUS

total $19,841 · program services $475 · management and general $19,146 · fundraising $220
24c · Other expenses: PROGRAM SUPPLIES

total $9,118 · program services $9,118

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $143,116 · end of year $55,844
2 · Savings and temporary cash investments

beginning of year $99,136 · end of year $4,096
3 · Pledges and grants receivable

beginning of year $12,196 · end of year $5,060
4 · Accounts receivable

beginning of year $1,998 · end of year $190,165
8 · Inventories for sale or use

beginning of year $990 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$300,079
10b · Land, buildings and equipment: accumulated depreciation

$283,672
10c · Land, buildings and equipment, net

beginning of year $144,540 · end of year $16,407
15 · Other assets

beginning of year $500 · end of year $206,743
17 · Accounts payable and accrued expenses

beginning of year $47,453 · end of year $88,100
19 · Deferred revenue

beginning of year $31,409 · end of year $57,220
23 · Secured mortgages and notes payable

beginning of year $156,310 · end of year $159,654
24 · Unsecured notes and loans payable

beginning of year $118,117 · end of year $0
27 · Net assets without donor restrictions

beginning of year -$88,115 · end of year -$137,593
28 · Net assets with donor restrictions

beginning of year $137,302 · end of year $310,934

Mission and programs · 2022

Mission

KIDZU PROVIDES HANDS-ON LEARNING EXPERIENCES FOR YOUNG CHILDREN AGED 0-12 YEARS & THEIR CAREGIVERS, EDUCATIONAL PROGRAMS INCLUDE EXHIBITS, STORYTIMES, MUSIC PROGRAMS, ART CLASSES, CHILD DEVELOPMENT EDUCATION FOR CAREGIVERS, FIELD TRIPS, & OUTREACH TO FAMILIES IN NEED.

Activities or mission (Part I)

KIDZU PROVIDES HANDS-ON LEARNING EXPERIENCES FOR YOUNG CHILDREN AGED 0-12 YEARS AND THEIR CAREGIVERS. EDUCATIONAL PROGRAMS INCLUDE EXHIBITS, STORYTIMES, MUSIC PROGRAMS, ART CLASSES, CHILD DEVELOPMENT EDUCATION FOR CAREGIVERS, FIELD TRIPS, AND OUTREACH TO FAMILIES IN NEED.

KIDZU CHILDREN'S MUSEUM INSPIRES CHILDREN AND THE ADULTS IN THEIR LIVES TO LEARN THROUGH CREATIVE AND PURPOSEFUL PLAY. WITH A FOCUS ON STEM, THE ARTS, CHILD HEALTH AND EMERGING LITERACY. KIDZU CONTINUES TO PROVIDE INTERACTIVE EXHIBITS, PARTICIPATORY PROGRAMS AND ACTIVITIES, AND COMMUNITY OUTREACH TO UNDERSERVED CHILDREN AND FAMILIES, AS WELL AS VIRTUAL OPPORTUNITIES FOR LEARNING AND ENGAGEMENT.

Expenses $738,920 · Revenue $224,430

As filed on the 2022 return.

Listed in Part VII

ELLEN STOLZMAN

SECRETARY

Total calculated

$0

Hours/week

1
BETSY BENNETT

CO-CHAIR

Total calculated

$0

Hours/week

1
JEFFREY FISHER

VICE CHAIR

Total calculated

$0

Hours/week

1
MARY STOWE

CO-CHAIR

Total calculated

$0

Hours/week

1
ALLEN BUANSI

BOARD MEMBER

Total calculated

$0

Hours/week

1
CHARLES COBLE

BOARD MEMBER

Total calculated

$0

Hours/week

1
DIANNE JACKSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
ED SPENCE MD

BOARD MEMBER

Total calculated

$0

Hours/week

1
ELAINE FOSTER

BOARD MEMBER

Total calculated

$0

Hours/week

1
ELIZABETH BROYHILL-MORRIS

BOARD MEMBER

Total calculated

$0

Hours/week

1
EMILY GANGI

BOARD MEMBER

Total calculated

$0

Hours/week

1
EMILY NEWMAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
JON MILLS

BOARD MEMBER

Total calculated

$0

Hours/week

1
LORNA CHAFE

BOARD MEMBER

Total calculated

$0

Hours/week

1
MARK KLEINSCHMIDT

BOARD MEMBER

Total calculated

$0

Hours/week

1
MEG ROBINSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
ROBERTO BLANCO MD

BOARD MEMBER

Total calculated

$0

Hours/week

1
WILL LLOYD

BOARD MEMBER

Total calculated

$0

Hours/week

1
JAMIE DEMONT HOLCOMB

CEO

Total calculated

$127,661

From this org

$127,661

From related orgs

$0

Other

$0

Hours/week

40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 13 November 2023
IRS schema version: 2022v5.0
Source object: 202333189349306963

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