Overview
What is Wilmington Children's Museum Inc?
Wilmington Children's Museum Inc is a long-standing nonprofit organization located in Wilmington, North Carolina. With a mission to ignite young minds, they create an engaging environment that encourages hands-on art, science, and literacy learning for children and their families. Spanning over 15,000 square feet, their indoor and outdoor interactive exhibit space hosts daily programs, field trips, camps, and birthday parties. Their activities are guided by three principles: inspiring children's curiosity through play, inviting them to explore various aspects of science, health, arts, and literacy, and fostering positive interactions within the community and for future generations. The museum welcomes over 60,000 visitors annually, offering discounted or free admission to more than a third of its general admissions. With a dedicated workforce of 37 individuals, Wilmington Children's Museum Inc continues to ignite young minds and promote learning.
Official website here: www.playwilmington.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Wilmington Children's Museum Inc has received a strong rating of 92% from Charity Navigator, indicating a high level of accountability and financial health. The organization excels in accountability with a perfect score of 100% in this area, showcasing effective governance practices and transparency. Key strengths include having a fully independent board and robust audit and oversight mechanisms, which further enhance its credibility.
In terms of financial performance, Wilmington Children's Museum allocates a substantial portion of its budget to program expenses, achieving a ratio of 66.53%. This suggests that the majority of its resources are directed towards fulfilling its mission to benefit children and families in the community. Additionally, the organization maintains a healthy liabilities to assets ratio of 42.07%, indicating sound financial management.
The organization demonstrates a comprehensive approach to governance with established policies on conflicts of interest, whistleblower protections, and document retention. Overall, Wilmington Children's Museum Inc is recognized for its strong operational practices, but there may be areas for improvement in maximizing program expenses, as indicated by a slightly lower score in that category.
This AI summary has been generated from information found on Charity Navigator.
Is Wilmington Children's Museum Inc legitimate?
Wilmington Children's Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington 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: $57,385
Professional Fundraising Fees: $0
Other Salaries and Wages: $312,388
For more financial information, click here
Official website here: www.playwilmington.org
What is the mission statement of Wilmington Children's Museum Inc?
The Wilmington Children's Museum Inc's mission is centered around inspiring young minds through interactive play. Guided by three principles, the museum encourages children to imagine, explore, and engage. In the spirit of imagination, it fosters curiosity and learning through play. The 'explore' principle invites children to delve into various subjects such as science, health, arts, and literacy, utilizing exhibits, activities, and events. The 'engage' principle supports positive interactions between children, their community, and the planet, promoting a sustainable future.
Official website here: www.playwilmington.org
Who is the CEO of Wilmington Children's Museum Inc?
Jessie Goodwin is the Executive Di of Wilmington Children's Museum Inc.
Official website here: www.playwilmington.org
What is the revenue of Wilmington Children's Museum Inc?
Wilmington Children's Museum Inc's revenue in 2023 was $952,830.
Official website here: www.playwilmington.org
Who are the executives of Wilmington Children's Museum Inc and what are their salaries?
The average compensation at Wilmington Children's Museum Inc during 2023 was $9,994. There are 37 employees and 20 volunteers at Wilmington Children's Museum Inc.
Here are 16 key members and their salaries:
- Compensation: $45,440
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- Other: $4,900
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Official website here: www.playwilmington.org
Where can I find the form 990 for Wilmington Children's Museum Inc?
Wilmington Children's Museum Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.playwilmington.org
Learn more at the official website: www.playwilmington.org
Mission Statement of Wilmington Children's Museum Inc
Wilmington Children's Museum Inc is committed to igniting young minds through interactive play. Guided by three principles, the museum empowers children to imagine, explore, and engage. The 'imagine' principle encourages children to develop curiosity and learn through play. The 'explore' principle invites children to discover various subjects such as science, health, arts, and literacy, using the museum's exhibits, activities, and events as resources. The 'engage' principle supports positive interactions between children, the community, and the planet, fostering a sense of responsibility for today and the future. The museum's mission is to provide a stimulating environment where children can learn, grow, and develop crucial life skills.
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Impact
July, 2024
Wilmington Children's Museum Inc's impact is significant as it provides a welcoming and engaging environment for children and their families to explore through interactive play. By offering hands-on art, science, and literacy-focused learning opportunities, the museum ignites young minds and empowers children to imagine, explore, and engage with the world around them. With over 15,000 square feet of indoor and outdoor exhibit space, the museum serves over 60,000 visitors annually, with a significant portion of general admissions offered at discounted or free rates. This demonstrates the museum's commitment to ensuring that all children, regardless of background or financial means, have access to enriching educational experiences. Through its mission-guided programs, field trips, camps, outreach initiatives, and birthday parties, the Wilmington Children's Museum Inc is making a positive impact on the community by fostering curiosity, creativity, and positive interactions among children, families, and the planet.
This information is meant to be a general summary of Wilmington 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.
- Investment Income: $17,140
- Program Service Revenue: $506,907
- Gross Receipts: $1,128,065
Assets and Liabilities:
- Total Assets: $1,834,882
- Total Liabilities: $771,943
- Net Assets: $1,062,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GENERAL ADMISSION
Revenue
$334,424
ANNUAL MEMBERSHIPS
Revenue
$103,790
FIELD TRIPS, PARTIES, CAMPS
Revenue
$68,693
Organization Details
Founding Year
1995
Phone
(910) 254-3534Principal Officer
Jessie Goodwin
Main Address
116 ORANGE ST, WILMINGTON, NC, 28401
Website
www.playwilmington.orgNTEE Category
Code: A52I - Arts
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