Overview
What is The Children's Museum Of Memphis Inc?
The Children's Museum of Memphis Inc. is a nonprofit organization located at 2525 Central Avenue, Memphis, Tennessee 38104. Its primary mission is to foster essential skill development, stimulate creativity, and encourage lifelong learning through play. The museum serves as a vibrant space where families can engage, learn, and connect. During the recent fiscal year, the museum catered to over 226,063 children and adults, demonstrating its wide-reaching impact. The institution accomplishes its mission by designing engaging, hands-on exhibits and programs, reaching out to school children, families, and tourists in the Mid-South region. The Children's Museum of Memphis Inc. is staffed by a team of 53 dedicated individuals.
Official website here: www.cmom.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Children's Museum of Memphis Inc has received a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. This high score indicates that the organization has successfully demonstrated transparency in its operations and financial management, which is critical for building trust with donors and stakeholders.
One of the notable strengths of the museum is its governance structure, with a fully independent board comprising 17 members, ensuring impartial decision-making. The museum also excels in its financial practices, with a significant percentage of its expenses directed towards programs, showcasing its commitment to fulfilling its mission effectively. Additionally, the lack of material diversion of assets and a solid working capital ratio further reinforces its financial stability.
However, while the fundraising efficiency is relatively good, it's worth noting that a rate of $0.24 per dollar raised may indicate room for improvement in fundraising strategies. Overall, the museum is well-managed and operates with a strong focus on accountability, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Children's Museum Of Memphis Inc legitimate?
The Children's Museum Of Memphis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Children's Museum Of Memphis 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: $378,947
Professional Fundraising Fees: $9,000
Other Salaries and Wages: $1,077,237
For more financial information, click here
Official website here: www.cmom.com
What is the mission statement of The Children's Museum Of Memphis Inc?
The Children's Museum of Memphis Inc's mission is centered around fostering memorable learning experiences for children and adults, utilizing the joy of play in hands-on exhibits and programs. This mission is accomplished by reaching out to school children, families, and tourist visitors in the mid-south region. The museum aims to help children develop essential skills, spark creativity for lifelong learning, and provide an environment where families can engage in play while learning together. During this fiscal year, the museum served over 226,063 individuals.
Official website here: www.cmom.com
Who is the CEO of The Children's Museum Of Memphis Inc?
Stewart Burgess is the CEO of The Children's Museum Of Memphis Inc The CEO's salary of The Children's Museum Of Memphis Inc is $210,516 and their total compensation is $235,261.
Official website here: www.cmom.com
What is the revenue of The Children's Museum Of Memphis Inc?
The Children's Museum Of Memphis Inc's revenue in 2024 was $2,924,511.
Official website here: www.cmom.com
Who are the executives of The Children's Museum Of Memphis Inc and what are their salaries?
The average compensation at The Children's Museum Of Memphis Inc during 2024 was $29,124. There are 50 employees at The Children's Museum Of Memphis Inc.
Here are 17 key members and their salaries (The Children's Museum Of Memphis Inc's CEO's salary is $210,516 and their total compensation is $235,261):
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- Compensation: $210,516
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- Compensation: $132,872
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- Other: $3,633
Official website here: www.cmom.com
Where can I find the form 990 for The Children's Museum Of Memphis Inc?
The Children's Museum Of Memphis Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cmom.com
Learn more at the official website: www.cmom.com
Mission Statement of The Children's Museum Of Memphis Inc
The Children's Museum of Memphis Inc is dedicated to fostering memorable learning experiences for children and adults alike, making use of the joy of play in hands-on exhibits and projects. Their mission is to engage with mid-south school children, families, and tourist visitors, aiming to cultivate essential skills, ignite a creative spark for discovery, and establish an environment where families can connect while learning together. During this fiscal year, they have served a substantial number of 183,320 individuals, demonstrating their commitment to this mission.
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Impact
July, 2024
The Children's Museum Of Memphis Inc creates memorable learning experiences through the joy of play in hands-on exhibits and programs. By reaching out to Mid-South school children, families, and tourist visitors, the museum serves as a place where children can develop essential skills, ignite a creative spark for discovery and lifelong learning, and provide an environment for families to connect while learning. This fiscal year, the museum has successfully served 183,320 children and adults, making a significant impact on the community.
This information is meant to be a general summary of The Children's Museum Of Memphis 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 2024.
- Investment Income: $77,987
- Program Service Revenue: $1,579,775
- Gross Receipts: $3,050,139
Assets and Liabilities:
- Total Assets: $14,668,812
- Total Liabilities: $3,199,898
- Net Assets: $11,468,914
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$1,155,460
MUSEUM ACTIVITIES
Revenue
$265,776
FACILITY RENTALS
Revenue
$92,875
MUSEUM PARKING
Revenue
$65,664
Organization Details
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