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Nonprofiteer
← NORTH CAROLINA CHILDRENS MUSEUM

Form 990 for tax year 2024

Filed by NORTH CAROLINA CHILDRENS MUSEUM.

Totals

Total revenue
$748,349
Total expenses
$956,632
Contributions and grants received
$562,885
Grants paid
$0
Program service revenue
$185,487
Investment income
$3,272
Other revenue
-$3,295
Total assets, end of year
$5,424,161
Total liabilities, end of year
$4,046,300
Net assets or fund balances, end of year
$1,377,861
Program services expenses (Part IX)
$730,068
Management and general expenses
$167,743
Fundraising expenses
$58,821
Program service expenses (Part III)
$730,068

Program services were 76.3% 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.

  • 1b · Membership dues

    $49,130

  • 1c · Fundraising events

    $6,500

  • 1e · Government grants (contributions)

    $261,467

  • 1f · All other contributions, gifts and grants

    $245,788

  • 1g · Noncash contributions included above

    $13,150

  • 2a · Program service revenue: PROGRAM FEES

    total $115,956 · related or exempt $115,956

  • 2b · Program service revenue: ADMISSIONS

    total $69,418 · related or exempt $69,418

  • 2c · Program service revenue: PUNCH CARD, PASSES

    total $113 · related or exempt $113

  • 3 · Investment income

    total $3,272 · excluded $3,272

  • 6a · Gross rents

    real property $7,250

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $7,250

  • 6d · Net rental income or loss

    total $7,250 · excluded $7,250

  • 8a · Fundraising events: gross income

    $0

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

    $6,500

  • 8b · Fundraising events: direct expenses

    $10,779

  • 8c · Net income from fundraising events

    total -$10,779 · excluded -$10,779

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $234 · excluded $234

  • 11e · Other revenue, total

    $234

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $121,379 · program services $96,531 · management and general $12,683 · fundraising $12,165

  • 7 · Other salaries and wages

    total $355,927 · program services $283,062 · management and general $37,192 · fundraising $35,673

  • 9 · Other employee benefits

    total $32,976 · program services $26,380 · management and general $3,298 · fundraising $3,298

  • 10 · Payroll taxes

    total $36,940 · program services $29,381 · management and general $3,857 · fundraising $3,702

  • 11b · Fees: legal

    total $2,900 · management and general $2,900

  • 11c · Fees: accounting

    total $23,589 · management and general $23,589

  • 11g · Fees: other

    total $112,532 · program services $99,015 · management and general $12,295 · fundraising $1,222

  • 12 · Advertising and promotion

    total $1,849 · program services $1,426 · management and general $334 · fundraising $89

  • 13 · Office expenses

    total $7,552 · program services $380 · management and general $5,780 · fundraising $1,392

  • 14 · Information technology

    total $5,864 · program services $93 · management and general $5,351 · fundraising $420

  • 16 · Occupancy

    total $45,373 · program services $38,689 · management and general $6,684

  • 17 · Travel

    total $20,998 · management and general $20,660 · fundraising $338

  • 20 · Interest

    total $112,790 · program services $108,363 · management and general $4,427

  • 22 · Depreciation, depletion and amortization

    total $18,421 · program services $18,421

  • 23 · Insurance

    total $5,729 · program services $4,377 · management and general $1,352

  • 24a · Other expenses: MISCELLANEOUS

    total $30,666 · program services $9,986 · management and general $20,373 · fundraising $307

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $17,257 · program services $11,912 · management and general $5,130 · fundraising $215

  • 24c · Other expenses: EXHIBIT EXPENSES

    total $3,890 · program services $2,052 · management and general $1,838

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,601,854 · end of year $119,710

  • 3 · Pledges and grants receivable

    beginning of year $2,944 · end of year $11,763

  • 4 · Accounts receivable

    beginning of year $30,867 · end of year $18,817

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $3,702

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

    $5,507,998

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

    $331,124

  • 10c · Land, buildings and equipment, net

    beginning of year $142,462 · end of year $5,176,874

  • 15 · Other assets

    beginning of year $137,201 · end of year $93,295

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,331 · end of year $151,333

  • 19 · Deferred revenue

    beginning of year $44,115 · end of year $41,639

  • 23 · Secured mortgages and notes payable

    beginning of year $183,738 · end of year $3,853,328

  • 27 · Net assets without donor restrictions

    beginning of year -$87,386 · end of year $1,348,726

  • 28 · Net assets with donor restrictions

    beginning of year $1,673,530 · end of year $29,135

Mission and programs · 2024

Mission

THE NORTH CAROLINA CHILDREN'S MUSEUM 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)

PROVIDE HANDS-ON LEARNING EXPERIENCES FOR YOUNG CHILDREN AGES 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.

  • THE NORTH CAROLINA CHILDREN'S MUSEUM INSPIRES CHILDREN AND THE ADULTS IN THEIR LIVES TO LEARN THROUGH CREATIVE AND PUPOSEFUL PLAY. WITH A FOCUS ON STEM, THE ARTS, CHILD HEALTH AND EMERGING LITERACY. THE MUSEUM 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 $730,068 · Revenue $185,487

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BETSY BENNETT

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH BROYHILL-MORRIS

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELLEN STOLZMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROBERT BLANCO MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROY CAMPBELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LORNA CHAFE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES COBLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELAINE FOSTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVE FRIEDMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMILY GANGI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DIANNE JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMILY NEWMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MEG ROBINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ED SPENCE MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY STOWE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMIE DEMENT HOLCOMB

    CEO

    Total calculated
    $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
2024
Filed
10 June 2025
IRS schema version
2024v5.1
Source object
202541629349301454

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