2025-01-22T00:56:18-06:00 2024-06-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-07-01 561959695 GREENSBORO CHILDREN'S MUSEUM INC GREE 3365742898 220 NORTH CHURCH STREET GREENSBORO NC 27401 JOE RIEKE CEO 3365742898 2025-01-21 1 1 OLGA OGANESOV P01279668 3362944494 2025-01-20 2023 2024-10-15 13:58:12Z JOE RIEKE 220 NORTH CHURCH STREET GREENSBORO NC 27401 1350405 0 X WWW.GCMUSEUM.COM X 1995 NC TO ESTABLISH AND CONDUCT EDUCATIONAL PROGRAMS FOR CHILDREN. 21 21 57 61 0 0 585853 297356 877060 922460 -41993 47493 147486 43560 1568406 1310869 0 0 0 0 915053 958027 0 0 127687 919196 972483 1834249 1930510 -265843 -619641 10028182 9500451 795345 751328 9232837 8749123 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 1465443 955695 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. TOTAL EXPENSES FOR THE YEAR ARE SIGNIFICANTLY MORE THAN INCOME DUE TO CAPITAL EXPENDITURES FROM FUNDS RAISED IN PRIOR YEARS. 1465443 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 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 8 0 1 57 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MICHAEL ROBINSON 3365742898 220 NORTH CHURCH STREET GREENSBORO NC 27401 ROBERT JOHNSON CHAIR 3.00 X X 0 0 0 EMILY TAYLOR TREASURER 3.00 X X 0 0 0 LAURA COLLIE SECRETARY 3.00 X X 0 0 0 BRYAN CLEMMONS DIRECTOR 3.00 X 0 0 0 KATE CONE DIRECTOR 3.00 X 0 0 0 ROSETTA DAVIS DIRECTOR 3.00 X 0 0 0 ANGELA DRAPER 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 VICTORIA HAMMETT DIRECTOR 3.00 X 0 0 0 MOLLY HARBAUGH DIRECTOR 3.00 X 0 0 0 ROSEMARY KENERLY DIRECTOR 3.00 X 0 0 0 BRIAN LOPATKA 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 MARY KATHERINE MCINNIS DIRECTOR 3.00 X 0 0 0 SKIP PURCELL DIRECTOR 3.00 X 0 0 0 LIA REICH DIRECTOR 3.00 X 0 0 0 VIRGINIA SPILLMAN DIRECTOR 3.00 X 0 0 0 ADAM TRACEY DIRECTOR 3.00 X 0 0 0 KELLEE WATKINS DIRECTOR 3.00 X 0 0 0 JOE RIEKE PRESIDENT & CEO 40.00 X 70637 0 4839 STEPHANIE ASHTON CHIEF OPERATING OFFICER 40.00 X 67959 0 4136 138596 0 8975 0 0 0 0 0 88917 22654 185785 1164 297356 ADMISSIONS 713990 697804 697804 MEMBERSHIP DUES 713990 172894 172894 BIRTHDAY PARTY REVENUE 713990 51762 51762 922460 48725 48725 21307 0 21307 21307 21307 2060 2164 1128 -104 -1128 -1232 -1232 32301 88917 21976 10325 10325 26196 14268 11928 11928 1310869 955695 0 57818 172500 86431 28690 57379 668206 428998 207427 31781 55144 33808 15488 5848 62177 37987 17479 6711 12212 12212 19373 19373 44463 44463 53433 26442 18778 8213 34596 18024 11244 5328 66840 63387 2066 1387 7385 3865 3520 27136 20352 6784 452169 438604 7235 6330 42950 40830 1730 390 REPAIRS & MAINTENANCE 121170 118974 1171 1025 PROGRAM & EXHIBIT EXPEN 52616 52616 MERCHANT CARD FEES 31851 28666 3185 SERVICE CHARGES 3323 10 3313 2966 2613 243 110 1930510 1465443 337380 127687 485500 38603 766330 909632 844020 728365 37377 10077 3056 4953 7560 7639 12574890 5889420 6916162 6685470 4460 2306 963717 1113406 10028182 9500451 131931 159300 130830 200682 532584 391346 795345 751328 X 7872569 7479721 1360268 1269402 9232837 8749123 10028182 9500451 -619641 135927 0 X 0 1 X 1 0 X 508212 684065 2447334 585853 297356 4522820 508212 684065 2447334 585853 297356 4522820 1316345 3206475 38630 25155 34533 16691 48725 163734 4686554 3713143 0.68420 0.69420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 932314 55000 166068 31212 14546 1107624 646498 195466 102323 11973 932314 790553 -133481 10574 646498 897487 167740 264666 10008 790553 903105 19582 14799 10401 897487 1 0 1805500 1805500 5415425 2615972 2799453 352079 333994 18085 110962 90165 20797 4890924 2849289 2041635 6685470 CYNTHIA DOYLE ENDOWMENT FUND 36200 EARLY EDUCATION ENDOWMENT FUND 294551 BUILDING MAINTENANCE ENDOWMENT FUND 30000 ENDOWMENT FUND EARNINGS - MATCH 246873 PHILLIPS FOUNDATION ENDOWMENT 500000 DEPOSIT ON FIXED ASSETS 5782 1113406 NOTES PAYABLE 391346 391346 X 1511492 135927 3500 -14546 124881 1386611 -75742 -75742 1310869 1995206 3500 75742 79242 1915964 14546 14546 1930510 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 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADMIN FEES ON ENDOWMENT -14,546. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AWARDS -39,498. FUNDRAISING EVENT DIRECT EXPENSES -21,976. SALE OF INVENTORY COST OF GOODS SOLD -14,268. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP AWARDS 39,498. FUNDRAISING EVENT DIRECT EXPENSES 21,976. SALE OF INVENTORY COST OF GOODS SOLD 14,268. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADMIN FEES ON ENDOWMENT 14,546. GALA 121218 88917 32301 2168 19808 121218 88917 32301 2168 19808 21976 10325 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.