Overview
What is Kids Discovery Museum?
Kids Discovery Museum is a nonprofit organization situated in Bainbridge Island, Washington, specifically at 301 Ravine Lane, with 23 dedicated employees. The primary focus of this institution is to provide early childhood education and exploration through its children's museum. The museum serves as a hub for development, offering engaging, play-based learning experiences that cater to the current and evolving needs of children. In 2022, the museum welcomed an impressive 25,000 visitors. To engage with the museum, individuals can opt for various membership levels, while some can also access the museum through free or reduced admission. The Kids Discovery Museum plays an essential role in the broader community, fostering a love for learning and personal growth among young minds.
Official website here: www.kidimu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (70%)
The Kids Discovery Museum has received a rating of "Needs Improvement" from Charity Navigator, reflecting a score of 70%. While the organization demonstrates strong governance with 100% independent board members and a high score for its liabilities to assets ratio, it falls short in several areas related to financial transparency. Specifically, the lack of financial statements available to the public has significantly impacted its overall rating.
Strengths include a solid conflict of interest policy, whistleblower policy, and proper retention and destruction of documents, all of which are critical for accountability. Additionally, the organization has effectively maintained its board meeting minutes, further indicating a commitment to transparency in operations. However, the missing tax forms on their website and a relatively low program expense ratio of 61.31% suggest that there is room for improvement in financial reporting and resource allocation towards programs.
In summary, while the Kids Discovery Museum shows promise in governance and accountability, there are notable gaps in financial transparency that could deter potential donors. Addressing these issues could enhance their credibility and overall effectiveness in serving their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Kids Discovery Museum legitimate?
Kids Discovery Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kids Discovery Museum submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $218,640
For more financial information, click here
Official website here: www.kidimu.org
What is the mission statement of Kids Discovery Museum?
The Kids Discovery Museum serves as a hub for early childhood development, offering experiences centered around playful learning that cater to both the broader community and the evolving needs of children. Its mission is to create an environment that supports the learning and growth of children, aligning with their current and emerging requirements. The museum welcomed approximately 25,000 visitors in 2022, showcasing its commitment to providing early childhood education and exploration to the general public. The organization offers various membership levels and also provides access through free and reduced admission, demonstrating its dedication to making these enriching experiences accessible to a wide audience.
Official website here: www.kidimu.org
What is the revenue of Kids Discovery Museum?
Kids Discovery Museum's revenue in 2023 was $566,020.
Official website here: www.kidimu.org
Who are the executives of Kids Discovery Museum and what are their salaries?
The average compensation at Kids Discovery Museum during 2023 was $8,675. There are 35 employees and 5 volunteers at Kids Discovery Museum.
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Official website here: www.kidimu.org
Where can I find the form 990 for Kids Discovery Museum?
Kids Discovery Museum's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kidimu.org
Learn more at the official website: www.kidimu.org
Mission Statement of Kids Discovery Museum
Kids Discovery Museum serves as a vital hub for early childhood development, designing engaging learning experiences that cater to the needs of both the broader community and young children. By focusing on play-based learning, the museum aims to support the current and evolving requirements of these young individuals. The organization operates a children's museum that is openly accessible to the general public, welcoming approximately 25,000 visitors annually. Kids Discovery Museum offers a variety of membership levels, and also provides entrance through reduced or free admission for those in need.
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Impact
July, 2024
Kids Discovery Museum serves as a vital hub for early childhood development, offering playful learning experiences that cater to the needs of children and the community at large. In 2022 alone, the museum welcomed 25,000 visitors who engaged in educational exploration and fun activities. By providing access through memberships, free, and reduced admissions, the museum ensures that children from all backgrounds have the opportunity to benefit from its offerings. Through its mission to support early childhood education, Kids Discovery Museum makes a significant impact in fostering curiosity, creativity, and learning among young minds in Bainbridge Island, WA.
This information is meant to be a general summary of Kids Discovery Museum. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $413
- Program Service Revenue: $256,361
- Gross Receipts: $566,020
Assets and Liabilities:
- Total Assets: $1,898,248
- Total Liabilities: $39,201
- Net Assets: $1,859,047
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GENERAL ADMISSIONS
Revenue
$139,659
FEE PROGRAM
Revenue
$116,702
Organization Details
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