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Nonprofiteer
← MINNESOTA CHILDRENS MUSEUM

Form 990 for tax year 2022

Filed by MINNESOTA CHILDRENS MUSEUM.

Totals

Total revenue
$9,787,249
Total expenses
$15,309,157
Contributions and grants received
$4,607,099
Grants paid
$0
Program service revenue
$4,924,291
Investment income
$320,236
Other revenue
-$64,377
Total assets, end of year
$41,407,396
Total liabilities, end of year
$2,929,851
Net assets or fund balances, end of year
$38,477,545
Program services expenses (Part IX)
$13,359,239
Management and general expenses
$1,315,761
Fundraising expenses
$634,157
Program service expenses (Part III)
$13,359,239

Program services were 87.3% 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.

  • 1c · Fundraising events

    $339,181

  • 1e · Government grants (contributions)

    $1,673,659

  • 1f · All other contributions, gifts and grants

    $2,594,259

  • 1g · Noncash contributions included above

    $62,366

  • 2a · Program service revenue: Museum Admissions

    total $1,873,771 · related or exempt $1,873,771

  • 2b · Program service revenue: Memberships

    total $1,357,174 · related or exempt $1,357,174

  • 2c · Program service revenue: Exhibit Rentals and Sales

    total $1,303,836 · related or exempt $1,303,836

  • 2d · Program service revenue: Education & Groups

    total $157,235 · related or exempt $157,235

  • 2e · Program service revenue: Parties & Events Revenue

    total $47,769 · related or exempt $47,769

  • 2f · All other program service revenue

    total $184,506 · related or exempt $184,506

  • 3 · Investment income

    total $293,856 · excluded $293,856

  • 6a · Gross rents

    real property $14,951

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $14,951

  • 6d · Net rental income or loss

    total $14,951 · excluded $14,951

  • 7a · Gross sales of assets other than inventory

    securities $5,219,900

  • 7b · Less cost or other basis and sales expenses

    securities $5,193,520

  • 7c · Gain or loss

    securities $26,380

  • 7d · Net gain or loss

    total $26,380 · excluded $26,380

  • 8a · Fundraising events: gross income

    $26,875

  • 8a · Fundraising events: contributions included on line 1c

    $339,181

  • 8b · Fundraising events: direct expenses

    $106,203

  • 8c · Net income from fundraising events

    total -$79,328 · excluded -$79,328

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $380,795 · program services $63,094 · management and general $254,607 · fundraising $63,094

  • 6 · Compensation of disqualified persons

    total $28,532 · program services $28,532

  • 7 · Other salaries and wages

    total $3,696,522 · program services $2,945,566 · management and general $395,307 · fundraising $355,649

  • 8 · Pension plan contributions

    total $55,213 · program services $47,405 · management and general $2,897 · fundraising $4,911

  • 9 · Other employee benefits

    total $319,238 · program services $282,436 · management and general $7,457 · fundraising $29,345

  • 10 · Payroll taxes

    total $313,370 · program services $233,737 · management and general $48,776 · fundraising $30,857

  • 11b · Fees: legal

    total $12,734 · program services $3,278 · management and general $8,195 · fundraising $1,261

  • 11c · Fees: accounting

    total $47,725 · program services $3,850 · management and general $43,875

  • 11d · Fees: lobbying

    total $26,664 · management and general $26,664

  • 11f · Fees: investment management

    total $40,405 · management and general $40,405

  • 11g · Fees: other

    total $419,773 · program services $299,638 · management and general $56,693 · fundraising $63,442

  • 12 · Advertising and promotion

    total $201,458 · program services $178,308 · management and general $19,902 · fundraising $3,248

  • 13 · Office expenses

    total $206,162 · program services $181,270 · management and general $3,324 · fundraising $21,568

  • 14 · Information technology

    total $82,037 · program services $53,890 · management and general $27,416 · fundraising $731

  • 16 · Occupancy

    total $924,001 · program services $781,974 · management and general $115,561 · fundraising $26,466

  • 17 · Travel

    total $86,943 · program services $84,902 · management and general $1,319 · fundraising $722

  • 19 · Conferences, conventions and meetings

    total $47,908 · program services $25,757 · management and general $8,485 · fundraising $13,666

  • 22 · Depreciation, depletion and amortization

    total $1,128,754 · program services $999,471 · management and general $129,283

  • 23 · Insurance

    total $95,106 · program services $194 · management and general $94,912

  • 24a · Other expenses: Debt forgiveness on lev

    total $6,827,800 · program services $6,827,800

  • 24b · Other expenses: Supplies

    total $243,882 · program services $232,710 · management and general $4,040 · fundraising $7,132

  • 24c · Other expenses: Fees/Permits/License

    total $109,084 · program services $74,681 · management and general $26,643 · fundraising $7,760

  • 24d · Other expenses: Exhibit Rental/Construc

    total $3,800 · program services $3,800

  • 24e · All other expenses

    total $11,251 · program services $6,946 · fundraising $4,305

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $817,512 · end of year $191,478

  • 2 · Savings and temporary cash investments

    beginning of year $2,897,155 · end of year $4,150,276

  • 3 · Pledges and grants receivable

    beginning of year $2,028,006 · end of year $1,260,261

  • 4 · Accounts receivable

    beginning of year $69,540 · end of year $98,331

  • 9 · Prepaid expenses and deferred charges

    beginning of year $164,588 · end of year $123,712

  • 10a · Land, buildings and equipment: cost or other basis

    $45,566,680

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,061,736

  • 10c · Land, buildings and equipment, net

    beginning of year $7,228,651 · end of year $25,504,944

  • 11 · Investments: publicly traded securities

    beginning of year $6,715,405 · end of year $10,078,394

  • 15 · Other assets

    beginning of year $6,827,800 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $813,376 · end of year $855,674

  • 19 · Deferred revenue

    beginning of year $3,032,877 · end of year $1,958,222

  • 24 · Unsecured notes and loans payable

    beginning of year $115,955 · end of year $115,955

  • 25 · Other liabilities

    beginning of year $314,695 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $18,531,678 · end of year $33,412,824

  • 28 · Net assets with donor restrictions

    beginning of year $3,940,076 · end of year $5,064,721

Mission and programs · 2022

Mission

Minnesota Children's Museum is dedicated to providing children with a fun, hands-on and stimulating environment to explore and discover. The museum helps to instill a lifelong love of learning by nurturing the real-world skills children need to become engaged citizens in the future.

Activities or mission (Part I)

Sparking children's learning through play

  • Experience and Outreach: Play is critical, as it builds bodies and brains. Minnesota Children's Museum's experience and outreach includes all aspects of championing the power of play in our community and providing a high-quality visitor experience at the museum. This includes admissions, memberships, field trips and other group events, special programming, safety, operations, evaluation, community partnerships, access programs, parent resources, and other work to support and encourage playful learning both at the Museum and beyond the walls.At the Museum, the mission is sparking children's learning through play. Statement continued on Schedule O.The museum's vision for the community is: Kids play more. Adults do, too. All families thrive as a happier, healthier and more innovative community through the radiant power of play.The Museum serves the community as a welcoming space for all families to engage in playful learning. Core to the Museum's mission is providing open-ended play experiences that not only delight children, but also help instill a lifelong love of learning by nurturing real-world skills children need. The Museum encourages parents to support their children's playful learning to maximize skill development in the critical early childhood years. There is a strong commitment to ensure all families have access to the museum through the Play for All access program and efforts to improve the Museum's impact with families facing adversities through community partnerships. Free online resources for parents and caregivers are also available for all. Through this work, the Museum envisions a community that grows more inclusive as families play together and learn from each other.The Museum operates eleven galleries developed with the latest research in playful learning. The Museum is the leading producer of traveling exhibits for the children's museum industry, reaching hundreds of thousands of visitors annually. The Museum's current portfolio consists of 12 active exhibits, which are rented to children's museums, science museums, and other family-serving entities across North America. The Museum's traveling exhibit program leverages the museum's core strength of producing engaging exhibits that foster children's learning.

    Expenses $12,318,384 · Revenue $3,620,455

  • Traveling Exhibit Production & Design: Includes exhibit maintenance for active exhibits on tour throughout North America, along with the design and production of new exhibits to build the museum's portfolio of traveling exhibits.

    Expenses $1,040,855 · Revenue $1,303,836

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dianne Krizan

    President

    Total calculated
    $257,340
    From this org
    $227,289
    From related orgs
    $0
    Other
    $30,051
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $194,889
    Bonus
    $32,400
    Other
    $0
    Deferred
    $7,076
    Nontaxable benefits
    $23,265
    Filer's total
    $257,630

  • Robert Ingrassia

    VP of External Relations

    Total calculated
    $149,108
    From this org
    $140,397
    From related orgs
    $0
    Other
    $8,711
    Hours/week
    40

  • Joseph Olson

    VP of Museum Experience

    Total calculated
    $148,857
    From this org
    $136,714
    From related orgs
    $0
    Other
    $12,143
    Hours/week
    40

  • Fola Tiamiyu

    Dir of Finance & Technology

    Total calculated
    $137,821
    From this org
    $101,486
    From related orgs
    $0
    Other
    $36,335
    Hours/week
    32 + 8 related

  • Briana Geurink

    VP of Philanthropy

    Total calculated
    $134,727
    From this org
    $127,046
    From related orgs
    $0
    Other
    $7,681
    Hours/week
    40

  • Suzette Huovinen

    Chair of the Board

    Total calculated
    $0
    Hours/week
    1.2

  • Michael Fiddelke

    Past Chair

    Total calculated
    $0
    Hours/week
    1.2

  • Matt Brown

    Treasurer

    Total calculated
    $0
    Hours/week
    1.2

  • Kate McRoberts

    Secretary

    Total calculated
    $0
    Hours/week
    1.2

  • Adrian Chiu

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Andrea Piepho

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Antony Brown

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Bryan Holloway

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Benjamin Ollendick

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Carmen Johnson

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Chris Kelley

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Clayton O'Toole

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • David Benedict

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Debra Bauler

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Drew Zinkel

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Elisa Rasmussen

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Elizabeth Cummings

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Elizabeth Rominski

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Frank Bedo

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Gail Peterson

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Grady Davis

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Jennifer Bratton

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Jeanne Junker

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Jim Mancini

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • John Henningsgard

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Julie Joyce

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Kelly Axtell

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Ken Hanley

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Kimberlee Sinclair

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Nicole Sever

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Robert Wollan

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Santiago Abraham

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Scott Peterson

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Su Ryeon Kang

    Director

    Total calculated
    $0
    Hours/week
    1.2

  • Tricia Brackeen

    Director

    Total calculated
    $0
    Hours/week
    1.2

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 · Compensation survey or study
  • 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

No itemized grants to organizations on this return.

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.

  • MCM Holdings

    501(c)(3) · Support Minnesota Children's Museum · MN · controlled entity

    Directly controlled by Minnesota Children's Museum

Provenance

Return type
form_990
Tax year
2022
Filed
19 March 2024
IRS schema version
2022v5.0
Source object
202400819349300035

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