2024-08-15T11:37:55-04:00 2023-09-30 222212404 BARATZ & ASSOCIATES PA 4B EVES DR STE 100 MARLTON NJ 08053 990 2022-10-01 510305812 DELAWARE CHILDREN'S MUSEUM INC DELA 3026542340 550 JUSTISON STREET WILMINGTON DE 19801 JENNIFER BUSH EXECUTIVE DIRECTOR 3026542340 2024-08-15 true false EDWARD A SUAREZ CPA P00018408 8569855688 2024-08-15 2022 2024-08-08 14:25:15Z JENNIFER BUSH 550 JUSTISON STREET WILMINGTON DE 19801 1623236 false X WWW.DELAWARECHILDRENSMUSEUM.ORG X 1987 DE TO INSPIRE LEARNING THROUGH PLAY IN AN INTERACTIVE ENVIRONMNET OCUSED ON SCIENCE, TECHNOLOGY, READING, ENGINEERING, ARTS, AND MATH. 17 17 39 20 0 296673 535463 847754 964415 0 106625 81320 1251052 1581198 0 0 484932 557461 0 43335 1110082 1184384 1595014 1741845 -343962 -160647 1101546 2210606 333065 1599277 768481 611329 TO INSPIRE LEARNING THROUGH PLAY IN AN INTERACTIVE ENVIRONMENT FOCUSED ON SCIENCE, TECHNOLOGY, READING, ENGINEERING, ARTS, AND MATH. false false 1617840 1057363 THE DELAWARE CHILDREN'S MUSEUM PROVIDES STREAM PROGRAMMING IN A PLAYFUL LEARNING OPEN-ENDED ENVIRONMENT TO PROMOTE DEVELOPMENT OF SPECIFIC SKILLS CHILDREN NEED TO ULTIMATELY BECOM PRODUCTIVE MEMBERS OF NATONAL AND LOCAL WORKFORCES THAT REQUIRE SCIENCE, TECHNOLOGY, READING, ENGINEERING, ARTS, AND MATH SKILLS. 1617840 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 2 0 true 39 false false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true true false DE X ORGANIZATION 3026542340 550 JUSTISON STREET WILMINGTON DE 19801 BILL GRASSO PRESIDENT 1.00 X X 0 0 0 RYAN CONNER TREASURER 1.00 X X 0 0 0 MARY ROSE CORREA SECRETARY 1.00 X X 0 0 0 KAREN ROSE DIRECTOR 1.00 X 0 0 0 RICHA GOYAL DIRECTOR 1.00 X 0 0 0 LISA LESSNER DIRECTOR 1.00 X 0 0 0 VICKI PETTINARO MARTELLI DIRECTOR 1.00 X 0 0 0 MEGAN MCGLINCHEY DIRECTOR 1.00 X 0 0 0 KENT SMITH DIRECTOR 1.00 X 0 0 0 WILLIAM SMITH DIRECTOR 1.00 X 0 0 0 STEPHANIE HOWE GUARINO DIRECTOR 1.00 X 0 0 0 STEPHANE SMIERTKA RILEY DIRECTOR 1.00 X 0 0 0 JESSICA HARTWELL DIRECTOR 1.00 X 0 0 0 LOU ROSENBURG DIRECTOR 1.00 X 0 0 0 BENJAMIN RYAN DIRECTOR 1.00 X 0 0 0 KATHI BARBER DIRECTOR 1.00 X 0 0 0 JAMIE EYEN DIRECTOR 1.00 X 0 0 0 JENNIFER BUSH EXECUTIVE DI 40.00 X 86824 0 0 86824 false false false 299243 236220 535463 ADMISSIONS 583350 583350 MEMBERSHIP INCOME 275772 275772 SPECIAL EVENT 52557 52557 GROUP FIELD TRIPS 45816 45816 MISC 6920 6920 964415 30000 30000 30000 30000 92948 42038 50910 50910 MISCELLANEOUS 410 410 410 1581198 1045735 86824 86824 396859 396859 38608 38608 35170 35170 8900 8900 35309 31778 3531 43989 33345 9721 923 22607 20346 1809 452 316374 284737 25310 6327 11296 11296 357177 357177 40343 36309 3227 807 REPAIRS AND MAINTENANCE 110197 99177 8816 2204 UTILITIES 67671 60904 5414 1353 CREDIT CARD FEES 32684 29415 2615 654 SUPPLIES 30711 27640 2457 614 107126 68255 8870 30001 1741845 1617840 80670 43335 81794 131845 20000 86944 9452 12535 29275 29860 9781777 9100094 961025 681683 1267739 1101546 2210606 126565 142634 22500 184000 1456643 333065 1599277 X 743481 586329 25000 25000 768481 611329 1101546 2210606 X -160647 3495 X false true X true false X 516232 417553 784104 296673 535463 2550025 1030532 492226 222809 847754 1087773 3681094 1546764 909779 1006913 1144427 1623236 6231119 6231119 30000 30000 30000 30000 30000 150000 1576764 939779 1036913 1174427 1653236 6381119 0.97650 0.97510 0.00000 0.00000 X PART III, LINE 12 RENTAL 150,000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9781777 9100094 681683 681683 RIGHT OF USE ASSET 1267739 1267739 LEASE LIABILITY 1267739 LINE OF CREDIT 188904 1456643 X 1673467 3495 46736 42038 92269 1581198 1581198 1830619 46736 42038 88774 1741845 1741845 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS A NONPROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. FASB ASC 740-10-65-1 REQUIRES FINANCIAL STATEMENT RECOGNITION OF THE IMPACT OF A TAX POSITION, IF THAT POSITION IS MORE THAN LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE BENEFIT IS CALCULATED AS THE LARGEST AMOUNT THAT IS MORE THAN 50 PERCENT LIKELY TO BE REALIZED UPON RESOLUTION OF THE BENEFIT. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND BELIEVES ALL COULD BE SUSTAINED UPON EXAMINATION. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL AUTHORITIES FOR YEARS BEFORE 2020. SCHEDULE D, PAGE 4, PART XI, LINE 2D CLASSIFICATION OF COGS 42,038 SCHEDULE D, PAGE 4, PART XII, LINE 2D CLASSIFICATION OF COGS 42,038 FORM 990, PAGE 6, PART VI, LINE 11B TYPICALLY, THE FINANCE COMMITTEE PRESENTS THE 990 TO THE BOARD FOR FINAL APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSE AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. THE PERIODIC REVIEWS INCLUDE WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, AND REFLECT REASONABLE PAYMENT FOR GOODS AND SERVICES. A COPY OF THE POLICY IS GIVEN TO ALL BOARD MEMBERS OF THE DELAWARE CHILDREN'S MUSEUM, OFFICERS, AND KEY STAFF MEMBERS UPON COMMENCEMENT OF THEIR RELATIONSHIP WITH DELAWARE CHILDREN'S MUSEUM. EACH INDIVIDUAL SIGNS AND DATES THE POLICY AT THE BEGINNING OF THEIR TERM OF SERVICE AND WILL REAFFIRM ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A TO ENSURE THAT THE ORGANIZATION OPERATES IN A FINANCIALLY SOUND MANNER, MATTERS OF COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY STAFF MEMBERS ARE MANAGED BY THE BOARD OF DIRECTORS OF THE DELAWARE CHILDREN'S MUSEUM. UPON COMPLETION OF A PERFORMANCE REVIEW AND THE ESTABLISHMENT OF STRATEGIC GOALS,CHANGES IN COMPENSATION OF THE EXECUTIVE DIRECTOR ARE COMMUNICATED IN WRITING TO THE APPROPRIATE STAFF FOR EXECUTION. FORM 990, PAGE 6, PART VI, LINE 15B TO ENSURE THAT THE ORGANIZATION OPERATES IN A FINANCIALLY SOUND MANNER, MATTERS OF COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY STAFF MEMBERS ARE MANAGED BY THE BOARD OF DIRECTORS OF THE DELAWARE CHILDREN'S MUSEUM. UPON COMPLETION OF A PERFORMANCE REVIEW AND THE ESTABLISHMENT OF STRATEGIC GOALS,CHANGES IN COMPENSATION OF THE EXECUTIVE DIRECTOR ARE COMMUNICATED IN WRITINIG TO THE APPROPRIATE STAFF FOR EXECUTION. FORM 990, PAGE 6, PART VI, LINE 19 BY REQUEST, AT THE OFFICES OF THE DCM. FORM 990, PART XI, LINE 9 CLASSIFICATION OF COGS 42,038 CLASSIFICATION OF COGS -42,038