Overview
What is Explorium Of Lexington?
Explorium of Lexington is a nonprofit organization located at 440 West Short Street, Lexington, Kentucky 40507. With a team of 18 dedicated individuals, its mission is to establish an engaging, interactive learning environment that fosters creativity and curiosity among children and adults. In the fiscal year 2022, the organization delivered programming to over 22,500 individuals on-site, through family visits, group visits, camps, and various other activities. Moreover, Explorium of Lexington expanded its reach to another 2,500 children through off-site programs, such as field trips, traveling trunks, and take-home activity kits. All of these initiatives are designed to impart STEAM-based learning through play.
Official website here: www.explorium.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Star rating.
Explorium of Lexington has achieved a high rating of 93%, reflecting its strong accountability and finance practices. This score indicates a robust governance structure, with a fully independent board and thorough financial oversight. The organization maintains transparency with well-documented policies, including conflict of interest and whistleblower protections.
The Explorium has a solid financial performance, with a program expense ratio of 76.73%, meaning a significant portion of its expenses directly supports its programs. Additionally, the organization has demonstrated effective asset management, evident from its favorable liabilities to assets ratio of 53.83%.
While the rating highlights many strengths, it's important to monitor the liabilities ratio to ensure it remains sustainable. Overall, Explorium of Lexington is positioned as a reliable and accountable nonprofit, dedicated to its mission and transparent in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Explorium Of Lexington legitimate?
Explorium Of Lexington is a legitimate nonprofit organization registered as a 501(c)(3) entity. Explorium Of Lexington 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: $56,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.explorium.com
What is the mission statement of Explorium Of Lexington?
The Explorium of Lexington is committed to establishing an engaging and interactive learning environment that stimulates creativity and curiosity in both children and adults. Their mission is to provide programming that fosters STEAM-based learning through play, inspiring individuals to explore and discover new concepts. In the most recent fiscal year, they served over 20,000 individuals on-site through various activities such as family visits, group visits, camps, and other programs. Furthermore, they extended their reach to an additional 2,500 children through off-site programming, including field trips, traveling trunks, and take-home activity kits.
Official website here: www.explorium.com
Who is the CEO of Explorium Of Lexington?
Colby Ernest is the Chair of Explorium Of Lexington.
Official website here: www.explorium.com
What is the revenue of Explorium Of Lexington?
Explorium Of Lexington's revenue in 2022 was $509,046.
Official website here: www.explorium.com
Who are the executives of Explorium Of Lexington and what are their salaries?
The average compensation at Explorium Of Lexington during 2022 was $3,148. There are 18 employees and 50 volunteers at Explorium Of Lexington.
Here are 13 key members and their salaries:
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- Compensation: $46,500
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Official website here: www.explorium.com
Where can I find the form 990 for Explorium Of Lexington?
Explorium Of Lexington's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.explorium.com
Learn more at the official website: www.explorium.com
Mission Statement of Explorium Of Lexington
The Explorium of Lexington is committed to establishing an engaging and interactive learning environment that stimulates creativity and curiosity in both children and adults. Its primary mission is to foster a hands-on learning experience that encourages imagination and inquisitiveness in its visitors. This nonprofit organization achieved this mission in the fiscal year 2022 by providing on-site programming to over 20,000 individuals across Kentucky. This encompassed family visits, group visits, camps, and various other programs. Additionally, the Explorium reached an additional 2,500 children through off-site programming, such as field trips, traveling trunks, and take-home activity kits. All of these initiatives focused on providing children with STEAM-based learning opportunities through play, thereby enhancing their cognitive development and fostering a lifelong love for learning.
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Impact
July, 2024
Explorium of Lexington's impact can be seen through its provision of hands-on learning experiences that inspire imagination and curiosity in both children and adults. In the fiscal year 2022, the Explorium engaged with over 20,000 individuals through on-site programming, including family visits, group visits, camps, and other activities. Additionally, another 2,500 children were positively impacted through off-site programs such as field trips, traveling trunks, and take-home activity kits.
Through these diverse programs, the Explorium of Lexington provides STEAM-based learning opportunities through interactive play, fostering creativity and critical thinking skills in children. This organization's commitment to creating a fun and dynamic learning environment has a significant impact on the educational and developmental growth of the community it serves.
This information is meant to be a general summary of Explorium Of Lexington. 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 2022.
- Investment Income: $10,884
- Program Service Revenue: $242,951
- Gross Receipts: $550,223
Assets and Liabilities:
- Total Assets: $318,716
- Total Liabilities: $167,660
- Net Assets: $151,056
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS, FEES, ETC.
Revenue
$223,919
GIFT SHOP
Revenue
$19,032
Organization Details
Founding Year
1990
Phone
(859) 258-3253Principal Officer
Colby Ernest
Main Address
440 WEST SHORT STREET, LEXINGTON, KY, 40507
Website
www.explorium.comNTEE Category
Code: A520 - Arts
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