Overview
What is Delaware Children's Museum Inc?
Delaware Children's Museum Inc, situated in Wilmington, Delaware, is a dedicated nonprofit organization. Their primary mission is to foster learning through engaging and interactive play, with a specific focus on Science, Technology, Reading, Engineering, Arts, and Math (STEM) subjects. They provide a welcoming and open-ended environment that encourages children to develop essential skills required to become productive members of both local and national workforces. With a team of 38 employees, the museum's programming aims to inspire creativity and knowledge in young minds, ultimately contributing to their overall development.
Official website here: www.delawarechildrensmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Delaware Children's Museum Inc has received an impressive score of 96%, which indicates a strong commitment to accountability and financial health. This rating is derived solely from its performance in the Accountability & Finance beacon, showcasing the organization’s dedication to responsible management of resources and transparency.
One notable strength of the museum is its governance structure, featuring a fully independent board of 15 members, which enhances its credibility and trustworthiness. The organization excels in various financial metrics, with a high program expense ratio of 82.16%, indicating that a significant portion of its funds is directed towards its mission of serving children. Additionally, it demonstrates robust oversight through its audit committee and maintains comprehensive policies regarding conflicts of interest and whistleblower protections.
While the organization has shown no material diversion of assets and has a favorable liabilities to assets ratio of 30.23%, it remains crucial for potential donors to consider the organization's overall impact and effectiveness in programming beyond just financial metrics. Overall, the Delaware Children's Museum Inc appears to be a well-managed nonprofit focused on its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware Children's Museum Inc legitimate?
Delaware Children's Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware Children's Museum Inc 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: $86,824
Professional Fundraising Fees: $0
Other Salaries and Wages: $396,859
For more financial information, click here
Official website here: www.delawarechildrensmuseum.org
What is the mission statement of Delaware Children's Museum Inc?
The Delaware Children's Museum Inc is committed to inspiring learning through play in an interactive environment. This focus is primarily on the subjects of science, technology, reading, engineering, arts, and math. By providing stream programming in a playful, open-ended environment, the museum aims to foster the development of skills necessary for children to become productive members of the workforce that requires these specific competencies. The museum's mission is to engage children and promote their overall growth, preparing them for their future roles in society.
Official website here: www.delawarechildrensmuseum.org
What is the revenue of Delaware Children's Museum Inc?
Delaware Children's Museum Inc's revenue in 2023 was $1,581,198.
Official website here: www.delawarechildrensmuseum.org
Who are the executives of Delaware Children's Museum Inc and what are their salaries?
The average compensation at Delaware Children's Museum Inc during 2023 was $12,402. There are 39 employees and 20 volunteers at Delaware Children's Museum Inc.
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- Compensation: $86,824
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Official website here: www.delawarechildrensmuseum.org
Where can I find the form 990 for Delaware Children's Museum Inc?
Delaware Children's Museum Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.delawarechildrensmuseum.org
Learn more at the official website: www.delawarechildrensmuseum.org
Mission Statement of Delaware Children's Museum Inc
The Delaware Children's Museum Inc is dedicated to stimulating learning through play in a dynamic, interactive environment. This environment is specifically tailored to foster the development of essential skills in the areas of science, technology, reading, engineering, arts, and mathematics. The museum's mission is to prepare children to become valuable contributors to both national and local workforces that highly value these particular skills. Through its stream programming, the Delaware Children's Museum Inc offers a playful, open-ended environment that encourages the growth of these skills, ultimately nurturing children to become well-rounded individuals.
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Impact
July, 2024
Delaware Children's Museum Inc inspires learning through play in an interactive environment focused on science, technology, reading, engineering, arts, and math. By providing STREAM programming in a playful learning open-ended environment, the museum promotes the development of specific skills children need to ultimately become productive members of national and local workforces that require STEM skills. This impact equips children with the necessary tools to succeed in a rapidly evolving world where proficiency in science, technology, engineering, arts, and math is essential for their future success.
This information is meant to be a general summary of Delaware Children's Museum Inc. 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.
- Program Service Revenue: $964,415
- Gross Receipts: $1,623,236
Assets and Liabilities:
- Total Assets: $1,101,546
- Total Liabilities: $333,065
- Net Assets: $768,481
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$583,350
MEMBERSHIP INCOME
Revenue
$275,772
SPECIAL EVENT
Revenue
$52,557
GROUP FIELD TRIPS
Revenue
$45,816
MISC
Revenue
$6,920
Organization Details
Founding Year
1987
Principal Officer
Bill Grasso
NTEE Category
Code: A520 - Arts
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