Overview
What is Creative Discovery Museum?
The Creative Discovery Museum, located in Chattanooga, Tennessee, serves as an engaging and educational space for children, employing evidence-based principles to stimulate their senses and foster a passion for learning. Despite some visitors viewing their visit as merely a fun outing, research underscores the significance of play in childhood development, as it aids in the acquisition of essential mental, physical, and social skills crucial for future success. In 2022, the museum catered to over 200,000 individuals through various means, including museum visits, educational programs, and subsidized admissions. Its primary mission is to motivate children to explore, innovate, create, and play, thereby nurturing their creative and innovative abilities. With a dedicated workforce of 104 individuals, the Creative Discovery Museum is committed to fostering a nurturing and stimulating environment for children's growth and development.
Official website here: www.cdmfun.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Creative Discovery Museum has received high marks for its accountability and financial management, earning a Four-Star rating on Charity Navigator. The organization excels in various areas of governance, including having a fully independent board and robust financial oversight mechanisms. This strong score reflects a commitment to transparency and responsible management of resources.
The museum's accountability practices are commendable, with a flawless record in areas like conflict of interest and whistleblower policies. Additionally, it maintains a low liabilities-to-assets ratio, indicating sound financial health. This level of oversight instills confidence in donors and stakeholders regarding the effective use of funds.
However, while the program expense ratio is solid, indicating that a significant portion of funds is directed towards programs, there is still room for improvement in that area. Overall, Creative Discovery Museum demonstrates a strong foundation in governance and financial practices, positioning itself as a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Creative Discovery Museum legitimate?
Creative Discovery Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Creative Discovery Museum 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: $165,171
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,750,982
For more financial information, click here
Official website here: www.cdmfun.org
What is the mission statement of Creative Discovery Museum?
The Creative Discovery Museum's mission is centered around inspiring all children to explore, innovate, create, and play. Utilizing evidence-based principles, the museum engages children's senses, fostering exploration and igniting a passion for learning. While some may view a visit as merely a fun outing, research underscores the significance of play in children's development, contributing to the acquisition of essential mental, physical, and social skills necessary for success in their adult lives. In 2022, the museum served over 200,000 individuals through various means, including museum visits, educational programs, and reduced-price admission.
Official website here: www.cdmfun.org
Who is the CEO of Creative Discovery Museum?
Tim Sears is the Principal Officer of Creative Discovery Museum. The CEO's salary of Creative Discovery Museum is $154,595 and their total compensation is $165,171.
Official website here: www.cdmfun.org
What is the revenue of Creative Discovery Museum?
Creative Discovery Museum's revenue in 2022 was $6,266,199.
Official website here: www.cdmfun.org
Who are the executives of Creative Discovery Museum and what are their salaries?
The average compensation at Creative Discovery Museum during 2022 was $18,425. There are 104 employees and 60 volunteers at Creative Discovery Museum.
Here are 20 key members and their salaries (Creative Discovery Museum's CEO's salary is $154,595 and their total compensation is $165,171):
- Compensation: $154,595
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- Other: $10,576
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Official website here: www.cdmfun.org
Where can I find the form 990 for Creative Discovery Museum?
Creative Discovery Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdmfun.org
Learn more at the official website: www.cdmfun.org
Mission Statement of Creative Discovery Museum
The Creative Discovery Museum, a nonprofit organization, is dedicated to inspiring all children to explore, innovate, create, and play. Using evidence-based principles, the museum engages children's senses, fostering exploration and igniting their passion for learning. While some may view a visit to the museum as merely a fun outing, research has long proven that play is essential for children's mental, physical, and social skill development, necessary for success in their adult lives. In 2022, the museum served over 200,000 individuals through museum visits, educational programs, and other initiatives.
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Impact
July, 2024
Creative Discovery Museum's impact is significant in inspiring children to explore, innovate, create, and play. By utilizing proven, evidence-based principles to engage the senses and ignite children's passion for learning, the museum plays a crucial role in helping children develop mental, physical, and social skills necessary for their future success. Serving over 200,000 individuals in 2022 through various programs, educational initiatives, and free and reduced-price admission, the museum in Chattanooga, TN, continues to be a vital hub for fostering creativity and learning among children.
This information is meant to be a general summary of Creative Discovery Museum. 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: $25,390
- Program Service Revenue: $2,052,540
- Gross Receipts: $6,424,543
Assets and Liabilities:
- Total Assets: $25,252,992
- Total Liabilities: $4,677,832
- Net Assets: $20,575,160
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS REVENUE
Revenue
$1,356,278
EDUCATION PROGRAM FEES
Revenue
$571,548
AUXILIARY SERVICES
Revenue
$124,714
Organization Details
Founding Year
1992
Phone
(423) 756-2738Principal Officer
Tim Sears
Main Address
321 CHESTNUT STREET PO Box 6339, CHATTANOOGA, TN, 37402
Website
www.cdmfun.orgNTEE Category
Code: A520 - Arts
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