2024-05-13T08:33:46-05:00 2022-06-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2021-07-01 561959695 GREENSBORO CHILDREN'S MUSEUM INC GREE 3365742898 220 NORTH CHURCH STREET GREENSBORO NC 27401 JOE RIEKE CEO 3365742898 2024-05-10 1 JOE RIEKE 999009999 OLGA OGANESOV P01279668 3362944494 2024-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X JOE RIEKE 220 NORTH CHURCH STREET GREENSBORO NC 27401 3437963 0 X WWW.GCMUSEUM.COM X 1995 NC TO ESTABLISH AND CONDUCT EDUCATIONAL PROGRAMS FOR CHILDREN. 23 23 36 149 0 0 684065 2447334 153776 799561 10976 9345 16232 135199 865049 3391439 0 0 0 0 498382 662552 0 0 119351 647172 815267 1145554 1477819 -280505 1913620 8648406 9719855 997190 306482 7651216 9413373 THE GREENSBORO CHILDREN'S MUSEUM ENGAGES ALL CHILDREN AND FAMILIES IN HANDS-ON, FUN, LEARNING EXPERIENCES WHICH CONTRIBUTE TO THEIR GROWTH AND DEVELOPMENT THROUGH PLAY, CREATION, OUTDOOR EXPLORATION, AND STEM ACTIVITIES. 0 0 1080847 817769 EXHIBITS DESIGNED SPECIFICALLY FOR CHILDREN TO ENCOURAGE DISCOVERY, SELF-EXPRESSION, AND A LIFELONG LOVE OF LEARNING THROUGH AN INTERACTIVE, HANDS-ON APPROACH TO UNDERSTANDING OUR WORLD. 1080847 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 36 1 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 3365742898 220 NORTH CHURCH STREET GREENSBORO NC 27401 ROSEMARY KENERLY BOARD CHAIR 3.00 X X 0 0 0 ALISON DURHAM CHAIR ELECT 3.00 X X 0 0 0 ROBERT JOHNSON TREASURER 3.00 X X 0 0 0 CHRIS HEFFNER SECRETARY 3.00 X X 0 0 0 BRYAN CLEMMONS DIRECTOR 3.00 X 0 0 0 LAURA COLLIE DIRECTOR 3.00 X 0 0 0 KATE ETTEFAUGH DIRECTOR 3.00 X 0 0 0 DANNY GATLING DIRECTOR 3.00 X 0 0 0 TOM GUERRIERI DIRECTOR 3.00 X 0 0 0 VICTORIA HAMMETT DIRECTOR 3.00 X 0 0 0 MOLLY HARBAUGH DIRECTOR 3.00 X 0 0 0 MARIA HICKS-FEW DIRECTOR 3.00 X 0 0 0 CLAY JOHNSON DIRECTOR 3.00 X 0 0 0 JODI KNOX DIRECTOR 3.00 X 0 0 0 SIMONE LANGLEY DIRECTOR 3.00 X 0 0 0 MICHAEL MAHONEY DIRECTOR 3.00 X 0 0 0 ALEX MAULTSBY DIRECTOR 3.00 X 0 0 0 VANESSA MCCUTCHEN DIRECTOR 3.00 X 0 0 0 CAROLYN MCGOVERN DIRECTOR 3.00 X 0 0 0 PARRISH PEDDRICK DIRECTOR 3.00 X 0 0 0 SKIP PURCELL DIRECTOR 3.00 X 0 0 0 VIRGINIA SPILLMAN DIRECTOR 3.00 X 0 0 0 EMILY TAYLOR DIRECTOR 3.00 X 0 0 0 TARA THACKER DIRECTOR 3.00 X 0 0 0 SKOTTY WANNAMAKER DIRECTOR 3.00 X 0 0 0 KELLEE WATKINS DIRECTOR 3.00 X 0 0 0 MEADE WILLIS DIRECTOR 3.00 X 0 0 0 MARIAN D KING CEO, EXECUTIVE DIRECTOR 40.00 X 67799 0 3617 67799 0 3617 0 0 0 0 0 350155 2097179 2447334 ADMISSIONS 713990 568845 568845 MEMBERSHIP DUES 713990 152073 152073 BIRTHDAY PARTY REVENUE 713990 90860 90860 OTHER PROGRAM SERVICE 713990 -12217 -12217 799561 20033 20033 14500 0 14500 14500 14500 10688 -10688 -10688 -10688 121187 14884 106303 106303 35348 20952 14396 14396 3391439 817769 0 126336 83122 49873 33249 508513 309809 141670 57034 27243 14266 8820 4157 43674 22754 14194 6726 28460 28460 14079 14079 18013 18013 56689 47465 7985 1239 23775 12387 7727 3661 52795 51211 845 739 13932 10449 3483 365058 354106 5841 5111 37552 36799 401 352 REPAIRS & MAINTENANCE 149708 146658 1627 1423 MERCHANT CARD FEES 36012 32333 528 3151 OFFICE EQUIPMENT LEASE 12155 6333 3950 1872 TAXES & LICENSES 3035 631 2217 187 4004 3554 450 1477819 1080847 277621 119351 401137 487445 673058 600342 289925 1773208 3868 29263 3017 4795 21757 18560 11318784 5172022 6462343 6146762 2748 2408 790553 657072 8648406 9719855 96451 162192 78327 144290 771124 51288 0 997190 306482 X 6992734 6966258 658482 2447115 7651216 9413373 8648406 9719855 1913620 -151563 100 0 X 1 X 0 1 0 X 720733 391500 508212 684065 2447334 4751844 720733 391500 508212 684065 2447334 4751844 1324772 3427072 33099 33637 38630 25155 34533 165054 4916898 3522792 0.69700 0.91560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 790553 -133481 10574 646498 897487 167740 264666 10008 790553 903105 19582 14799 10401 897487 885672 40617 14426 8758 903105 869331 38298 14291 7666 885672 0.12420 0.87580 1 0 1805500 1805500 4295485 2344125 1951360 352079 287050 65029 171345 109333 62012 4694375 2431514 2262861 6146762 CYNTHIA DOYLE ENDOWMENT FUND 47818 EARLY EDUCATION ENDOWMENT FUND 6090 BUILDING MAINTENANCE ENDOWMENT FUND 34853 ENDOWMENT FUND EARNINGS - MATCH 2171 PHILLIPS FOUNDATION ENDOWMENT 555566 DEPOSIT ON FIXED ASSETS 10574 657072 X 3290373 -151562 2600 -10574 -159536 3449909 -58470 -58470 3391439 1528216 2501 58470 60971 1467245 10574 10574 1477819 PART V, LINE 4: THE MUSEUM HAS THREE ENDOWMENT FUNDS WHICH ARE MANAGED BY THE COMMUNITY FOUNDATION OF GREATER GREENSBORO ("CFGG"). THE MUSEUM ESTABLISHED THE EARLY EDUCATION ENDOWMENT WITH UNRESTRICTED MONIES AND ALSO ESTABLISHED THE CYNTHIA E. DOYLE ENDOWMENT AND THE EXHIBIT AND BUILDING MAINTENANCE ENDOWMENT, BOTH WITH PERMANENTLY RESTRICTED MONIES TO ENSURE THAT RESOURCES WOULD BE AVAILABLE TO PROVIDE FOR THE PURPOSES OF THE MUSEUM IN PERPETUITY. UNDER THE TERMS OF AN AGREEMENT WITH CFGG, THEY MANAGE THE FUNDS TO PROTECT THE VALUE OF THE PRINCIPAL. ON AN ANNUAL BASIS, CFGG MAKES A DISTRIBUTION EQUAL TO THE TARGET PAYOUT PERCENTAGE FOR THAT YEAR TIMES THE AVERAGE FAIR MARKET VALUE OF THE FUND ON THE FOLLOWING FIVE DAYS: THE FIRST BUSINESS DAY OF THE YEAR AND THE LAST BUSINESS DAY OF EACH QUARTER. OVER THE LONG-TERM, THE MUSEUM EXPECTS THE CURRENT SPENDING POLICY TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENT FUNDS OVER TIME AND TO PROVIDE A REASONABLY STABLE AND PREDICTIVE REVENUE STREAM FOR USE IN CONNECTION WITH THE CHARITABLE PURPOSES OF THE MUSEUM. PART X, LINE 2: IT IS THE MUSEUM'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A MORE-LIKELY-THAN-NOT THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADMIN FEES ON ENDOWMENT -10,574. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AWARDS -22,634. FUNDRAISING EVENT DIRECT EXPENSES -14,884. SALE OF INVENTORY COST OF GOODS SOLD -20,952. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP AWARDS 22,634. FUNDRAISING EVENT DIRECT EXPENSES 14,884. SALE OF INVENTORY COST OF GOODS SOLD 20,952. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADMIN FEES ON ENDOWMENT 10,574. GALA 120187 120187 2721 10771 120187 120187 2721 10771 13492 106695 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CFO AND FINANCE COMMITTEE, ALONG WITH THE EXECUTIVE COMMITTEE, REVIEW AND APPROVE THE DRAFT OF THE 990 PRIOR TO FILING. A COMPLETE DRAFT OF THE 990 IS ALSO PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND TRUSTEES ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT IN RELATION TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S BOARD OF TRUSTEES DETERMINED THE EXECUTIVE DIRECTOR'S SALARY AT THE TIME OF HIRE BY RESEARCHING SALARIES PAID TO OTHER EXECUTIVE DIRECTORS IN THE AREA AND SALARIES PAID BY OTHER MUSEUMS TO ENSURE REASONABLE COMPENSATION. EACH YEAR, THE BOARD OF TRUSTEES REVIEWS THE SALARY IN ORDER TO DETERMINE THE NECESSARY ADJUSTMENT, IF ANY. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REASON FOR AMENDED RETURN THIS RETURN IS BEING AMENDED TO CORRECT THE PRESENTATION OF SCHEDULE A AND SCHEDULE B TO INCLUDE CONTRIBUTORS THAT WERE INADVERTENTLY OMITTED FROM SCHEDULE B AS ORIGINALLY FILED. THE AMENDED RETURN INCLUDES AN UPDATED AMOUNT FOR EXCESS CONTRIBUTIONS ON SCHEDULE A.