2024-03-21T13:29:13-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 411354181 Minnesota Children's Museum MINN 6512256000 10 West 7th Street St Paul MN 55102 Fola Tiamiyu Dir of Finance and Technology 6512256000 2024-03-19 1 Fola Tiamiyu 999009999 1 Deb Nelson CPA P01264758 6122536500 2024-03-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Dianne Krizan 10 West 7th Street St Paul MN 55102 15086972 0 X www.mcm.org X 1979 MN Sparking children's learning through play 35 35 169 100 0 0 6521554 4607099 3145175 4924291 175102 320236 543111 -64377 10384942 9787249 0 0 0 0 4251612 4793670 0 0 634157 3156256 10515487 7407868 15309157 2977074 -5521908 26748657 41407396 4276903 2929851 22471754 38477545 X Minnesota Children's Museum is dedicated to providing children with a fun, hands-on and stimulating environment to explore and discover. The museum helps to instill a lifelong love of learning by nurturing the real-world skills children need to become engaged citizens in the future. 1 0 12318384 3620455 Experience and Outreach: Play is critical, as it builds bodies and brains. Minnesota Children's Museum's experience and outreach includes all aspects of championing the power of play in our community and providing a high-quality visitor experience at the museum. This includes admissions, memberships, field trips and other group events, special programming, safety, operations, evaluation, community partnerships, access programs, parent resources, and other work to support and encourage playful learning both at the Museum and beyond the walls.At the Museum, the mission is sparking children's learning through play. Statement continued on Schedule O.The museum's vision for the community is: Kids play more. Adults do, too. All families thrive as a happier, healthier and more innovative community through the radiant power of play.The Museum serves the community as a welcoming space for all families to engage in playful learning. Core to the Museum's mission is providing open-ended play experiences that not only delight children, but also help instill a lifelong love of learning by nurturing real-world skills children need. The Museum encourages parents to support their children's playful learning to maximize skill development in the critical early childhood years. There is a strong commitment to ensure all families have access to the museum through the Play for All access program and efforts to improve the Museum's impact with families facing adversities through community partnerships. Free online resources for parents and caregivers are also available for all. Through this work, the Museum envisions a community that grows more inclusive as families play together and learn from each other.The Museum operates eleven galleries developed with the latest research in playful learning. The Museum is the leading producer of traveling exhibits for the children's museum industry, reaching hundreds of thousands of visitors annually. The Museum's current portfolio consists of 12 active exhibits, which are rented to children's museums, science museums, and other family-serving entities across North America. The Museum's traveling exhibit program leverages the museum's core strength of producing engaging exhibits that foster children's learning. 1040855 1303836 Traveling Exhibit Production & Design: Includes exhibit maintenance for active exhibits on tour throughout North America, along with the design and production of new exhibits to build the museum's portfolio of traveling exhibits. 13359239 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 42 0 1 169 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 35 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X Fola Tiamiyu 6512256024 10 West 7th Street St Paul MN 55102 Dianne Krizan President 32.00 8.00 X 227289 0 30051 Robert Ingrassia VP of External Relations 40.00 0.00 X 140397 0 8711 Joseph Olson VP of Museum Experience 40.00 0.00 X 136714 0 12143 Fola Tiamiyu Dir of Finance & Technology 32.00 8.00 X 101486 0 36335 Briana Geurink VP of Philanthropy 40.00 0.00 X 127046 0 7681 Suzette Huovinen Chair of the Board 1.20 0.00 X X 0 0 0 Michael Fiddelke Past Chair 1.20 0.00 X X 0 0 0 Matt Brown Treasurer 1.20 0.00 X X 0 0 0 Kate McRoberts Secretary 1.20 0.00 X X 0 0 0 Adrian Chiu Director 1.20 0.00 X 0 0 0 Andrea Piepho Director 1.20 0.00 X 0 0 0 Antony Brown Director 1.20 0.00 X 0 0 0 Bryan Holloway Director 1.20 0.00 X 0 0 0 Benjamin Ollendick Director 1.20 0.00 X 0 0 0 Carmen Johnson Director 1.20 0.00 X 0 0 0 Chris Kelley Director 1.20 0.00 X 0 0 0 Clayton O'Toole Director 1.20 0.00 X 0 0 0 David Benedict Director 1.20 0.00 X 0 0 0 Debra Bauler Director 1.20 0.00 X 0 0 0 Drew Zinkel Director 1.20 0.00 X 0 0 0 Elisa Rasmussen Director 1.20 0.00 X 0 0 0 Elizabeth Cummings Director 1.20 0.00 X 0 0 0 Elizabeth Rominski Director 1.20 0.00 X 0 0 0 Frank Bedo Director 1.20 0.00 X 0 0 0 Gail Peterson Director 1.20 0.00 X 0 0 0 Grady Davis Director 1.20 0.00 X 0 0 0 Jennifer Bratton Director 1.20 0.00 X 0 0 0 Jeanne Junker Director 1.20 0.00 X 0 0 0 Jim Mancini Director 1.20 0.00 X 0 0 0 John Henningsgard Director 1.20 0.00 X 0 0 0 Julie Joyce Director 1.20 0.00 X 0 0 0 Kelly Axtell Director 1.20 0.00 X 0 0 0 Ken Hanley Director 1.20 0.00 X 0 0 0 Kimberlee Sinclair Director 1.20 0.00 X 0 0 0 Nicole Sever Director 1.20 0.00 X 0 0 0 Robert Wollan Director 1.20 0.00 X 0 0 0 Santiago Abraham Director 1.20 0.00 X 0 0 0 Scott Peterson Director 1.20 0.00 X 0 0 0 Su Ryeon Kang Director 1.20 0.00 X 0 0 0 Tricia Brackeen Director 1.20 0.00 X 0 0 0 732932 0 94921 5 0 1 0 KidZibits Inc 795 Vandalia St St Paul MN 55114 Exhibit Fabricators 357877 1 339181 1673659 2594259 62366 4607099 Museum Admissions 713990 1873771 1873771 Memberships 713990 1357174 1357174 Exhibit Rentals and Sales 713990 1303836 1303836 Education & Groups 713990 157235 157235 Parties & Events Revenue 713990 47769 47769 184506 184506 4924291 293856 293856 14951 0 14951 14951 14951 5219900 5193520 26380 26380 26380 26875 339181 106203 -79328 -79328 9787249 4924291 0 255859 380795 63094 254607 63094 28532 28532 3696522 2945566 395307 355649 55213 47405 2897 4911 319238 282436 7457 29345 313370 233737 48776 30857 12734 3278 8195 1261 47725 3850 43875 26664 26664 40405 40405 419773 299638 56693 63442 201458 178308 19902 3248 206162 181270 3324 21568 82037 53890 27416 731 924001 781974 115561 26466 86943 84902 1319 722 47908 25757 8485 13666 1128754 999471 129283 95106 194 94912 Debt forgiveness on lev 6827800 6827800 Supplies 243882 232710 4040 7132 Fees/Permits/License 109084 74681 26643 7760 Exhibit Rental/Construc 3800 3800 11251 6946 4305 15309157 13359239 1315761 634157 817512 191478 2897155 4150276 2028006 1260261 69540 98331 164588 123712 45566680 20061736 7228651 25504944 6715405 10078394 6827800 0 26748657 41407396 813376 855674 3032877 1958222 115955 115955 314695 0 4276903 2929851 X 18531678 33412824 3940076 5064721 22471754 38477545 26748657 41407396 X -5521908 619472 20908227 X 0 1 X 1 0 X 3042962 3526732 5052381 6521554 4607099 22750728 3042962 3526732 5052381 6521554 4607099 22750728 2866094 19884634 442471 220685 83991 183231 308807 1239185 609938 609938 24599851 19536517 0.80830 0.82770 X Schedule A, Part II, Section B, Line 10: Other income consists of the Employee Retention Credit. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 26664 26664 13332575 13359239 817962 204491 0 0 484270 422878 817962 1725110 2587665 20000 15000 26664 61664 121068 105720 204491 431279 646919 5731777 1548508 739724 274000 7746009 5424417 1447171 -909811 230000 5731777 4345990 1308427 230000 5424417 4620620 -44630 230000 4345990 4650914 243759 231886 42167 4620620 0.46800 0.53200 0.00000 0 0 1600000 1600000 29024947 11433672 17591275 1150909 899262 251647 13790824 7728802 6062022 25504944 X Part V, Line 4: The endowment funds are used to support program services of the Children's Museum based on board appropriation subject to policy limitations. Part X, Line 2: The Museum believes it has appropriate support for any tax positions taken affecting their annual filing requirements, and as such, does not have any uncertain tax positions that are material to its financial statements. The Museum would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Gala 366056 339181 26875 0 0 3432 48610 14992 39169 366056 339181 26875 3432 48610 14992 39169 106203 -79328 X X 0 0 0 0 0 0 0 0 0 Dianne Krizan President 194889 0 32400 0 0 0 7076 0 23265 0 257630 0 0 0 Abigail Krizan Daughter to Dianne Krizan 28532 Compensation as an employee 0 X 3 20080 Open market value X Gala auction donations 119 42286 FMV 0 0 1 0 Part I, Column (b): The number of contributors are reported in Part I, column (b). Form 990, Part III, line 2 In 2023, MCM Holdings' New Market Tax Credit ended and subsequently the related organization was dissolved and as of June 30, 2023 became part of the Museum. Form 990, Part VI, Section A, line 1a By resolution approved by the affirmative vote of a majority of the Directors present at a meeting of the Board of Directors, the Board of Directors may designate five or more Directors to constitute an Executive Committee. The President, even though a nonvoting member of the Committee, may be one of five committee members if so designated by the Board of Directors. The Executive Committee shall act only during intervals between meetings of the Board of Directors. During such intervals and subject at all times to the direction and control of the Board of Directors, the Executive Committee shall have and may exercise all of the authority and powers of the Board of Directors in the management of the business of the corporation subject to such limitations as the Board of Directors may impose from time to time. Unless specifically authorized by the Board of Directors by resolution approved by affirmative vote of a majority of Directors present at a meeting of the Board of Directors, the Executive Committee shall not have the authority and power to elect officers, to amend the Articles of Incorporation, to adopt a plan of merger or consolidation, to authorize the sale or other disposition of all or substantially all of the property and assets of the corporation, to authorize a voluntary dissolution of the corporation or a revocation thereof, or to amend these Bylaws. The President of the Corporation shall, during his or her respective term as such officer, be an ex officio non-voting member of the Executive Committee, with all of the other rights and privileges of the other members except those of and pertaining to term of office. Form 990, Part VI, Section A, line 2 Suzette Huovinen and Andrea Piepho have a business relationship. Form 990, Part VI, Section B, line 11b The Organization's Form 990 is prepared by an independent accounting firm and reviewed by the Finance Director and the Board of Director's Finance Committee prior to filing. The Board receives a copy of the Form 990 prior to filing. Form 990, Part VI, Section B, line 12c All policies, including the conflict of interest policy, are reviewed on an annual basis. The conflict of interest policy requires all officers, directors, and key employees to sign a conflict of interest disclosure form annually. If a conflict is present, the member will not be present during discussions and must abstain from vote. Any existing conflicts are to be documented in the meeting minutes. Form 990, Part VI, Section B, line 15a The Executive Committee determines the compensation of the President on an annual basis. A comparability study and/or other resource is used as needed to determine appropriate levels of compensation. Sources used for comparability studies in support of these reviews included MN Council of Nonprofits Salary & Benefits Survey, Total Compensation Survey (National Nonprofit Survey), and Association of Children's Museums & Association of Science Technology Centers Workforce Survey. O'Net, American Alliance of Museums, and EAA (national Executive Salary Survey) are also used. The process and determination is documented in the personnel file. The process of determining compensation for the Director of Finance & Technology is the same as the top management official except that it is approved by the President rather than the Executive Committee. The compensation comparability study is completed every other year, but compensation is reviewed annually during the merit process. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: Transfer of Assets from MCM Holdings 20,908,227. MCM Holdings 10 West 7th Street St Paul MN 55102 475564727 Support Minnesota Children's Museum MN 501(c)(3) Line 12a, I Minnesota Children's Museum 1 0 0 0 1 0 0 0 0 1 0 1 1 0 1 1 0 0 0 0 MCM Holdings K 321356 Actual Cost MCM Holdings I 20908227 Actual Cost MCM Holdings D 6827800 Actual Cost