2024-02-16T15:45:59-06:00 2023-05-31 721396621 CARR RIGGS & INGRAM LLC 400 W PKWY PL SUITE 300 RIDGELAND MS 39157 990 2022-06-01 640850010 MISSISSIPPI CHILDREN'S MUSEUM MISS 6019815469 PO BOX 12870 JACKSON MS 39236 BETH HANSEN CHAIRMAN 6019815469 2024-02-07 1 BETH HANSEN 999009999 0 DAWN STEED P01279118 6018537050 2024-02-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BETH HANSEN PO BOX 12780 JACKSON MS 39236 6826679 0 X MSCHILDRENSMUSEUM.ORG X 1996 MS WE CREATE UNPARALLELED EXPERIENCES TO INSPIRE EXCELLENCE AND A LIFELONG JOY OF LEARNING. 21 21 140 506 0 0 3552896 2683484 1935801 2484499 142538 -36754 360495 275133 5991730 5406362 0 0 0 0 2309032 2497724 0 0 288449 4135308 3672827 6444340 6170551 -452610 -764189 39596434 39014947 5392840 5585136 34203594 33429811 X WE CREATE UNPARALLELED EXPERIENCES TO INSPIRE EXCELLENCE AND A LIFELONG JOY OF LEARNING. 0 0 5282788 2614030 THE MISSISSIPPI CHILDREN'S MUSEUM (MCM) SEEKS TO EMPOWER AND INSPIRE OUR STATE'S CHILDREN, REGARDLESS OF THEIR SOCIAL, EDUCATIONAL, OR ECONOMIC BACKGROUND. THE MISSION OF MCM IS TO CREATE UNPARALLELED EXPERIENCES TO INSPIRE EXCELLENCE AND A LIFELONG JOY OF LEARNING. THE 40,000 SQUARE FOOT MUSEUM IN THE JACKSON LOCATION AND 25,000 SQUARE FOOT MUSEUM IN THE MERIDIAN LOCATION ARE DESIGNED AROUND FIVE PRIMARY INITIATIVES, WITH CORRELATING EXHIBITS, PROGRAMS, AND OUTREACH EFFORTS. THESE INITIATIVES INCLUDE LITERACY, SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH (STEAM); HEALTH AND NUTRITION; CULTURAL ARTS AND MISSISSIPPI HERITAGE - THE KEYS TO HELPING CHILDREN MATURE INTO HEALTHY AND PRODUCTIVE ADULT LEARNERS. MCM PROVIDES PLACE-BASED AND OUTREACH EXPERIENCES THAT INCLUDE INTERACTIVE PERMANENT EXHIBITS; WEEKLY AND MONTHLY EDUCATIONAL PROGRAMS AND EVENTS; FIELD TRIPS; PROFESSIONAL DEVELOPMENT WORKSHOPS; ON-SITE AND OFF-SITE OUTREACH PROGRAMS; SUMMER AND SEASONAL CAMPS; ANNUAL VISITING EXHIBITS FROM OTHER CHILDREN'S MUSEUMS AND SCIENCE CENTERS; COMMUNITY ENRICHMENT SERIES; MCM TRAVELING EXHIBITS; COMMUNITY EVENT OUTREACH; AND ONLINE PROGRAMMING. MCM ALSO OFFERS A CAFE; A MUSEUM STORE; BIRTHDAY PARTIES; FACILITY RENTALS; SEASONAL TEMPORARY EXHIBITS AND EVENTS; THREE ANNUAL FUNDRAISERS; YOUTH AND COMMUNITY VOLUNTEER PROGRAMS; AND A SPLASH PAD AND POLLINATORS GARDEN, BOTH FREE TO THE PUBLIC. AS OUR COMMUNITY WAS REELING FROM CHALLENGES POSED BY COVID-19, MCM RESPONDED TO COMMUNITY NEEDS BY PROVIDING A SAFE SPACE FOR DAILY VIRTUAL SCHOOLING FOR OVER 100 JACKSON PUBLIC SCHOOL STUDENTS. THE MUSEUM CONTINUES THOSE SERVICES TODAY BY PROVIDING A ROBUST, DAILY AFTERSCHOOL PROGRAM SERVING NEARLY 150 STUDENTS FROM SIX JACKSON PUBLIC SCHOOLS ACROSS THE CITY. MCM BELIEVES THAT THIS LEVEL OF CONSISTENT, ONE-ON-ONE, REMEDIAL INSTRUCTION AND RELATIONSHIP-BUILDING WILL HAVE LONG-TERM, POSITIVE IMPACTS ON THE TRAJECTORY OF EACH STUDENT'S ACADEMIC CAREER AND WELL-BEING.ON MARCH 26, 2021, DESPITE A WORLDWIDE PANDEMIC, MCM IN CONCERT WITH THE LEADERSHIP OF EAST MISSISSIPPI OPENED TO THE PUBLIC A STATE-OF-THE-ART, $17 MILLION DOLLAR SATELLITE MUSEUM IN MERIDIAN, MISSISSIPPI. SINCE OPENING, MCM-MERIDIAN HAS EXCEEDED PROJECTIONS HAVING ALREADY WELCOMED OVER 50,000 VISITORS FROM 40 STATES AND 2 FOREIGN COUNTRIES. MCM-MERIDIAN IS FULLY OPERATIONAL, OFFERING WEEKLY PROGRAMMING, SPECIAL EVENTS, SCHOOL FIELD TRIPS, BIRTHDAY PARTIES, AND MORE. AS A TESTAMENT TO OUR COMMUNITY SERVICE AND RESILIENCE THROUGH THE HEIGHT OF THE PANDEMIC, THE INSTITUTE OF MUSEUM AND LIBRARY SERVICES (IMLS) ANNOUNCED MCM AS A RECIPIENT OF THE 2021 NATIONAL MEDAL FOR MUSEUM AND LIBRARY SERVICE, THE NATION'S HIGHEST HONOR GIVEN TO MUSEUMS AND LIBRARIES THAT MAKE SIGNIFICANT AND EXCEPTIONAL CONTRIBUTIONS TO THEIR COMMUNITIES. OUT OF 30 NATIONAL FINALISTS AND ONE OF ONLY THREE MUSEUMS TO RECEIVE THE HONOR, MCM IS ONE OF THE YOUNGEST MUSEUMS TO BE AWARDED THE IMLS NATIONAL MEDAL. 5282788 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 82 0 1 140 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MS X X SARAH SKELTON 6019815469 2145 MUSEUM BLVD JACKSON MS 39202 MARGARET CUPPLES BOARD MEMBER 2.00 X 0 0 0 JOHN FLETCHER BOARD MEMBER 2.00 X 0 0 0 DONNA BRUCE BOARD MEMBER 2.00 X 0 0 0 BETH HANSEN CHAIRMAN 5.00 X X 0 0 0 TERRY DALE CRUSE BOARD MEMBER 2.00 X 0 0 0 JEFFREY GRAVES BOARD MEMBER 2.00 X 0 0 0 WILSON HOOD SECRETARY 5.00 X X 0 0 0 OLIVIA HOST TREASURER 5.00 X X 0 0 0 ASHLEY MEENA BOARD MEMBER 2.00 X 0 0 0 ADAMS YERGER IV BOARD MEMBER 2.00 X 0 0 0 ALICEN BLANCHARD VP GOVERANCE 5.00 X X 0 0 0 LISA DIDION BOARD MEMBER 2.00 X 0 0 0 CHIP PICKERING BOARD MEMBER 2.00 X 0 0 0 CAMILLE YOUNG BOARD MEMBER 2.00 X 0 0 0 MAGGI LAMPTON BOARD MEMBER 2.00 X 0 0 0 KAITLYN VASSAR BOARD MEMBER 2.00 X 0 0 0 CARLA LEWIS BOARD MEMBER 2.00 X 0 0 0 LORI QUARLES BOARD MEMBER 2.00 X 0 0 0 JET HOLLINGWORTH BOARD MEMBER 2.00 X 0 0 0 MICHAEL CORMACK BOARD MEMBER 2.00 X 0 0 0 MELANIE MORGAN BOARD MEMBER 2.00 X 0 0 0 SUSAN GARRARD PRESIDENT/CEO 40.00 X 147000 0 10230 147000 0 10230 1 0 1 0 0 379485 286750 2017249 20114 2683484 ADMISSIONS REVENUE 713110 970036 970036 OTHER REVENUE 611430 688443 688443 EDUCATION PROGRAMS 611710 489151 489151 FACILITY RENTAL 532000 190764 190764 AFTER SCHOOL REVENUE 624410 146105 146105 2484499 221376 221376 856495 1500 909235 206890 -52740 -205390 -258130 -258130 241122 286750 95520 145602 145602 338203 208672 129531 129531 5406362 2614030 0 108848 151410 121128 22712 7570 1972857 1484714 266952 221191 39122 29574 5335 4213 181581 137267 24760 19554 152754 115475 20829 16450 44850 44850 380259 246531 133728 175685 175685 656900 648107 8793 156290 156290 1155048 1096828 58220 109018 98116 10902 EDUCATIONAL 474282 474282 OPERATIONAL COST 265310 246175 19135 EVENTS 119992 119992 SUPPLIES 115309 81062 34247 19884 6712 12836 336 6170551 5282788 599314 288449 1398638 747996 1287289 1285303 6645189 5510763 20527 62474 12049700 12049700 36941 30727 53518 46927 26199559 11067023 16320845 15132536 1783787 4148521 39596434 39014947 238540 609184 983303 889438 4088123 3003623 82874 1082891 5392840 5585136 X 17302448 17977672 16901146 15452139 34203594 33429811 39596434 39014947 -764189 -9594 0 X 0 1 X 1 0 X 3396987 3274062 2683947 3552896 2683484 15591376 3396987 3274062 2683947 3552896 2683484 15591376 3942964 11648412 36134 96401 163786 148193 221376 665890 16257266 7421220 0.71650 0.83660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1513003 70000 -20580 -2159 -5513 1570095 1410192 165000 -10994 38000 13195 1513003 1232249 190509 12566 1410192 1189132 55240 12123 1232249 1243461 7369 50000 11698 1189132 0.72781 0.27219 0.00000 1 0 125000 125000 15784780 4951245 10833535 1145181 342749 802432 1320215 966836 353379 7824383 4806193 3018190 15132536 CONSTRUCTION IN PROGRESS 326358 INVESTMENTS RESTRICTED FOR PERMANENT ENDOWMENT 389649 OTHER RESTRICTED ASSETS 826565 RESTRICTED ASSETS FOR MAINTENANCE 813577 RIGHT OF USE ASSET 1792372 4148521 PAYROLL LIABILITIES 53305 SECURITY DEPOSITS 260 OTHER 30863 SALES AND USE TAX PAYABLE 2078 RIGHT OF USE LIABILITY 996385 1082891 X 5556347 -9594 55404 -200016 -154206 5710553 -304191 -304191 5406362 6949090 55404 418944 474348 6474742 -304191 -304191 6170551 PART V, LINE 4: THE EARNINGS FROM THE ENDOWMENT ARE AVAILABLE TO BE UTILIZED FOR THE MAINTENANCE AND REFURBISHMENT OF THE CLIMBING MAP INTERACTIVE EXHIBIT. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISIONS OF THE LAWS OF THE STATE OF MISSISSIPPI. HOWEVER, ANY INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE ORGANIZATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EJE RELATED TO SEPARATELY FILED ENTITY -361,118. INCOME FROM SEPARATELY FILED ENTITY 161,102. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -95,519. COST OF GOODS SOLD -208,672. PART XII, LINE 2D - OTHER ADJUSTMENTS: EJE RELATED TO SEPARATELY FILED ENTITY -361,118. EXPENSES FROM SEPARATELY FILED ENTITY 780,062. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -95,519. COST OF GOODS SOLD -208,672. IGNITE THE NIGHT 171990 103000 68990 9224 5150 13154 VERY MERRY NIGHT 86825 86825 5363 375 5523 2 269057 269057 21530 10825 24376 527872 103000 424872 36117 16350 43053 95520 329352 X X 0 0 0 0 0 0 0 0 0 SUSAN GARRARD PRESIDENT/CEO 147000 0 0 0 0 0 4410 0 5820 0 157230 0 0 0 TRUSTMARK NATIONAL BANK BOARD MEMBER 527398 BANK ACCOUNTS 0 TRUSTMARK NATIONAL BANK BOARD MEMBER 1570095 INVESTMENT ACCOUNTS 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WILL BE GIVEN TO EACH BOARD MEMBER PRIOR TO FILING. THE AUDIT COMMITTEE WILL REVIEW THE 990 BEFORE APPROVAL BY THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY STATEMENT IS FILED ANNUALLY BY EACH OFFICER AND DIRECTOR. EMPLOYEES FILE A CONFLICT OF INTEREST STATEMENT UPON HIRING. IF THERE ARE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, THE BOARD OF DIRECTORS DISCUSSES AND VOTES ON WHETHER A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEW AND APPROVE THE COMPENSATION OF THE PRESIDENT/CEO ON AN ANNUAL BASIS. ALL EMPLOYEE SALARIES ARE ALSO REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. SCHEDULE D PART V ENDOWMENT FUNDS A QUASI-ENDOWMENT FUND WAS ERRONEOUSLY EXCLUDED FROM PRIOR YEARS' BALANCES. THE PRIOR YEARS' BALANCES HAVE BEEN RESTATED TO INCLUDE QUASI-ENDOWMENTS. MISSISSIPPI CHILDREN'S MUSEUM - MERIDIAN LLC PO BOX 12870 JACKSON MS 39236 812097519 OPERATE CHILDREN'S MUSEUM MS 1231461 18854545 MISSISSIPPI CHILDREN'S MUSEUM MISSISSIPPI CHILDREN'S MUSEUM - MERIDIAN LLC PO BOX 12870 JACKSON MS 39236 812097519 OPERATE CHILDREN'S MUSEUM MS 501(C)3 LINE 7 MISSISSIPPI CHILDREN'S MUSEUM 1 FTC QALICB INC 2145 MUSEUM BLVD JACKSON MS 39202 842654905 TO CARRY OUT THE CHARITABLE PURPOSES OF THE MISSISSIPPI CHILDREN'S MUSEUM. MS 501(C)3 LINE 12B, II MISSISSIPPI CHILDREN'S MUSEUM 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 FTC QALICB INC B 11102 GAAP FTC QALICB INC J 150000 GAAP FTC QALICB INC Q 20016 GAAP