Overview
What is Louisiana Childrens Museum?
The Louisiana Children's Museum, located at 15 Henry Thomas Drive, New Orleans, LA 70124, is a nonprofit organization dedicated to enriching children's awareness, interest, and appreciation. With a team of 96 employees, the museum offers educational programs and exhibits to foster learning and exploration. Beyond the museum's walls, it extends its reach to the community through offsite programs. The mission of the Louisiana Children's Museum is to contribute to the region's future prosperity by engaging and showcasing children's potential. Through interactive play, shared explorations, and dialogue with adults, the museum fosters connections between children, adults, their environments, and communities.
Official website here: www.lcm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
The Louisiana Children's Museum has earned a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and finance management. The organization scored 87% in Accountability & Finance and 89% in Culture & Community, reflecting its effective stewardship of donations and commitment to community engagement. This rating suggests the museum has made significant strides in transparency and financial health, particularly noted by the updated fiscal data.
One of the organization's strengths lies in its low liabilities to assets ratio at 3.58%, which demonstrates a stable financial position. Additionally, a program expense ratio of 55.65% indicates that over half of its expenses are directed towards programs, which is favorable for nonprofit efficiency. The fundraising efficiency ratio of $0.13 shows that the museum is able to raise funds with relatively low costs.
However, while the overall scores are positive, there is room for improvement. The program expense ratio, while decent, suggests that a larger portion of funds could be allocated directly to programming rather than administrative costs. Continued focus on enhancing these aspects may further bolster the museum's impact and effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Childrens Museum legitimate?
Louisiana Childrens Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Childrens 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: $0
Professional Fundraising Fees: $14,200
Other Salaries and Wages: $1,933,092
For more financial information, click here
Official website here: www.lcm.org
What is the mission statement of Louisiana Childrens Museum?
The Louisiana Children's Museum plays a crucial role in fostering the future prosperity of its community by engaging and showcasing the potential of children. This is achieved through interactive play, shared explorations, and dialogues with adults. By doing so, the museum connects children with their peers, adults, surroundings, and communities. The museum offers a variety of educational programs and exhibits, aiming to increase children's awareness, interest, and appreciation. Beyond the physical location, the museum reaches out to children through its offsite programs, ensuring that its mission extends beyond the museum's walls.
Official website here: www.lcm.org
Who is the CEO of Louisiana Childrens Museum?
Colleen Canale Levy is the President of Louisiana Childrens Museum.
Official website here: www.lcm.org
What is the revenue of Louisiana Childrens Museum?
Louisiana Childrens Museum's revenue in 2022 was $3,091,991.
Official website here: www.lcm.org
Who are the executives of Louisiana Childrens Museum and what are their salaries?
The average compensation at Louisiana Childrens Museum during 2022 was $20,136. There are 96 employees and 191 volunteers at Louisiana Childrens Museum.
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Official website here: www.lcm.org
Where can I find the form 990 for Louisiana Childrens Museum?
Louisiana Childrens Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcm.org
Learn more at the official website: www.lcm.org
Mission Statement of Louisiana Childrens Museum
Louisiana Children's Museum plays a significant role in fostering the area's future prosperity by tapping into children's potential and making it visible. They accomplish this through shared explorations, play, and interactive dialogues with adults. By engaging children with their surroundings and communities, Louisiana Children's Museum empowers them to connect with each other, adults, and their environments. The museum achieves this through various educational programs and exhibits designed to enhance children's awareness, interest, and appreciation. These activities not only draw in visitors to the physical museum but also extend to off-site programs, ensuring that the museum's reach extends beyond its walls.
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Impact
July, 2024
The Louisiana Children's Museum in New Orleans contributes to the area's future prosperity by engaging children's potential and making that potential visible. Through play, shared explorations, and dialogue with adults, the museum connects children to each other, adults, their environments, and communities. The museum offers educational programs and exhibits designed to enhance children's awareness, interest, and appreciation. Many patrons visit the museum regularly, and the institution also reaches children through its offsite programs, further expanding its impact on the community.
This information is meant to be a general summary of Louisiana Childrens 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: -$916,582
- Program Service Revenue: $1,205,326
- Gross Receipts: $3,229,405
Assets and Liabilities:
- Total Assets: $48,423,508
- Total Liabilities: $1,736,838
- Net Assets: $46,686,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$984,025
SUMMER CAMP AND OUTREACH
Revenue
$221,301
Organization Details
Founding Year
1982
Phone
(504) 523-1357Principal Officer
Colleen Canale Levy
Main Address
15 HENRY THOMAS DRIVE, NEW ORLEANS, LA, 70124
Website
www.lcm.orgNTEE Category
Code: A520 - Arts
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