Overview
What is Children's Museum Of Richmond?
The Children's Museum of Richmond (CMOR) is a vibrant, family-oriented nonprofit organization situated in Richmond, Virginia. With a team of 105 dedicated individuals, its mission is to foster growth in children by engaging families in learning experiences through play. The museum provides a dynamic environment where families can actively participate in educational activities, enhancing their understanding and interaction. Research suggests that regular play contributes positively to a child's academic performance, and the more time spent in environments like CMOR, the greater the likelihood of success in the classroom. In the 2023 fiscal year, the museum welcomed a total of 287,833 guests. Despite the challenges posed by the COVID-19 pandemic, the Children's Museum of Richmond continues its rebuilding process, remaining committed to its mission of inspiring growth through play.
Official website here: www.cmorva.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star Rating
The Children's Museum of Richmond has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an impressive 100% score in Accountability & Finance, the organization demonstrates strong governance practices, including a fully independent board and robust oversight measures. The museum maintains excellent financial ratios, including a low fundraising cost and a high percentage of expenses directed toward programs.
In addition to its financial strengths, the museum excels in leadership and adaptability, also scoring 100% in this area. This reflects their commitment to investing in leadership development and ensuring their operations can adapt to changing circumstances. Such strengths are crucial for maintaining the trust of their community and stakeholders.
While the data highlights numerous positives, it is essential to recognize that the charity's 10% score in Leadership & Adaptability may indicate a possible opportunity for growth in this area. Overall, the Children's Museum of Richmond stands out as a well-managed nonprofit dedicated to its mission, showcasing financial integrity and a commitment to effective leadership.
This AI summary has been generated from information found on Charity Navigator.
Is Children's Museum Of Richmond legitimate?
Children's Museum Of Richmond is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Museum Of Richmond 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: $185,535
Professional Fundraising Fees: $13,000
Other Salaries and Wages: $1,311,104
For more financial information, click here
Official website here: www.cmorva.org
What is the mission statement of Children's Museum Of Richmond?
The Children's Museum of Richmond, as a non-profit organization, is committed to inspiring growth in all children by engaging families in learning through play. By providing an active and involved opportunity for the whole family to grow and learn together, the museum aims to positively impact a child's academic performance. The museum's mission, reflected in their activities, is to foster fundamental concepts and socialization skills, contributing to a child's success inside the classroom. Although the data from FY23 shows a total attendance of 287,833 guests, the museum continues to rebuild from the devastating effects of the COVID-19 pandemic.
Official website here: www.cmorva.org
Who is the CEO of Children's Museum Of Richmond?
Danielle Ripperton is the Chair of Children's Museum Of Richmond.
Official website here: www.cmorva.org
What is the revenue of Children's Museum Of Richmond?
Children's Museum Of Richmond's revenue in 2023 was $3,644,292.
Official website here: www.cmorva.org
Who are the executives of Children's Museum Of Richmond and what are their salaries?
The average compensation at Children's Museum Of Richmond during 2023 was $14,254. There are 105 employees and 529 volunteers at Children's Museum Of Richmond.
Here are 24 key members and their salaries:
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- Compensation: $145,816
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- Other: $5,902
Official website here: www.cmorva.org
Where can I find the form 990 for Children's Museum Of Richmond?
Children's Museum Of Richmond's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cmorva.org
Learn more at the official website: www.cmorva.org
Mission Statement of Children's Museum Of Richmond
The Children's Museum of Richmond, as a non-profit organization, is dedicated to fostering growth in all children by engaging families in learning experiences through play. By serving as an active and interactive opportunity for the entire family, the museum aims to enhance fundamental concepts and socialization skills in children. Research has shown that play has a positive impact on a child's academic performance, and frequent engagement in a stimulating environment like the one provided by the Children's Museum of Richmond increases the likelihood of success in the classroom. As a 501(c)(3) organization, the Children's Museum of Richmond's mission is to inspire and empower children, making it more than just a fun indoor and outdoor play area. In the fiscal year 2023, the museum welcomed a total of 287,833 guests, demonstrating its commitment to providing engaging and educational experiences for families. Despite the challenges posed by the COVID-19 pandemic, the Children's Museum of Richmond continues to rebuild and offer opportunities for families to learn and grow together through play.
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Impact
July, 2024
The Children's Museum of Richmond has a significant impact on children and families by inspiring growth and learning through play. Research has shown that play has a positive impact on a child's academic performance, and the museum provides an environment where families can engage in interactive and educational activities together. With a total attendance of 287,833 guests in FY23, the museum is not only a fun place to play but also a valuable resource for children to develop fundamental concepts and socialization skills. Despite the challenges posed by the COVID-19 pandemic, the Children's Museum of Richmond continues to rebuild and make a difference in the community.
This information is meant to be a general summary of Children's Museum Of Richmond. 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: $53,269
- Program Service Revenue: $1,649,379
- Gross Receipts: $3,829,870
Assets and Liabilities:
- Total Assets: $9,832,168
- Total Liabilities: $1,728,955
- Net Assets: $8,103,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION CHARGES
Revenue
$1,072,516
SPECIAL EVENTS CHARGES
Revenue
$495,829
PROGRAM ACTIVITIES CHA
Revenue
$81,034
Organization Details
Founding Year
1977
Phone
(804) 474-7000Principal Officer
Danielle Ripperton
Main Address
2626 W BROAD STREET, RICHMOND, VA, 23220
Website
www.cmorva.orgNTEE Category
Code: A520 - Arts
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