The Children's Museum of Indianapolis Inc

EIN: 350867985 501(c)(3) Arts, Culture & Humanities

Indianapolis, IN

Total Revenue
$49,847,938
Total Expenses
$51,045,352
Total Assets
$459,492,377
Net Assets
$403,050,693
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
IN
Phone
3173343322
Tax Period
2023-01-01 to 2023-12-31

The Children's Museum of Indianapolis Inc, founded in 1925, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $49.8M in total revenue in fiscal year 2023. Net assets of $403.1M represent 97 months of operating reserves.

Mission

The organization's mission is to create extraordinary learning experiences across the arts, sciences and humanities that have the power to transform the lives of children and families. (Continued in Schedule O)

Program Service Accomplishments

Program 1
Expenses: $32,355,876 Revenue: $19,985,316

EDUCATIONAL ACTIVITIES, PROGRAMS AND SCHOOL TOURS: THE CHILDREN'S MUSEUM INSPIRES TEACHERS AND STUDENTS OF ALL AGES THROUGH ITS NUMEROUS EDUCATIONAL PROGRAMS AND SCHOOL TOURS. OUR SCHOOL PROGRAMS...

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EDUCATIONAL ACTIVITIES, PROGRAMS AND SCHOOL TOURS: THE CHILDREN'S MUSEUM INSPIRES TEACHERS AND STUDENTS OF ALL AGES THROUGH ITS NUMEROUS EDUCATIONAL PROGRAMS AND SCHOOL TOURS. OUR SCHOOL PROGRAMS COVER THE ARTS, SCIENCES, AND HUMANITIES AND PROVIDE IMMERSIVE CURRICULAR EXPERIENCES THAT CANNOT BE REPLICATED IN THE CLASSROOM. THE MUSEUM ALSO SUPPORTS TEACHERS BY PROVIDING AN EVER-EXPANDING LIBRARY OF UNITS OF STUDY THAT MEET BOTH THE INDIANA AND THE NATIONAL ACADEMIC STANDARDS FOR GRADES K THROUGH 12.

Program 2
Expenses: $4,364,389

EXHIBIT DESIGN: THE CHILDREN'S MUSEUM CONCEIVES, DEVELOPS, IMPLEMENTS, AND MAINTAINS EXHIBITS THAT FOCUS ON HISTORY, ART, AND SCIENCE FOR ITS 13 GALLERIES. EACH EXHIBIT IS DESIGNED TO FOSTER FAMILY...

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EXHIBIT DESIGN: THE CHILDREN'S MUSEUM CONCEIVES, DEVELOPS, IMPLEMENTS, AND MAINTAINS EXHIBITS THAT FOCUS ON HISTORY, ART, AND SCIENCE FOR ITS 13 GALLERIES. EACH EXHIBIT IS DESIGNED TO FOSTER FAMILY LEARNING THROUGH HANDS-ON EXPERIENCES, INTERPRETIVE PROGRAMMING, AND THE USE OF AUTHENTIC OBJECTS. MANY OF THE MUSEUM'S EXHIBITS ARE BASED UPON STRONG RELATIONSHIPS WITH HISTORIANS AND EXPERTS WHO HELP US IN SHARING POWERFUL STORIES SUCH AS RUBY BRIDGES, ASTRONAUT DR. DAVID WOLF, AND UNDERWATER ARCHAEOLOGIST CHARLIE BEEKER.

Program 3
Expenses: $1,907,404

COLLECTIONS - THE CHILDREN'S MUSEUM OF INDIANAPOLIS BOASTS A COLLECTION OF MORE THAN 130,000 ARTIFACTS AND SPECIMENS. THE COLLECTION IS A STOREHOUSE OF IDEAS AND CONCEPTS; NOT ONLY ARE THESE OBJECTS...

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COLLECTIONS - THE CHILDREN'S MUSEUM OF INDIANAPOLIS BOASTS A COLLECTION OF MORE THAN 130,000 ARTIFACTS AND SPECIMENS. THE COLLECTION IS A STOREHOUSE OF IDEAS AND CONCEPTS; NOT ONLY ARE THESE OBJECTS PATHWAYS TO THE THINKING THAT HAVE SHAPED OUR COLLECTIVE PAST, BUT ALSO TO THE NEW CONNECTIONS AND DISCOVERIES YET UNBORN IN THE MINDS OF YOUNG VISITORS. SINCE ITS FOUNDING IN 1925, THE MUSEUM HAS NURTURED THE GROWTH OF ITS COLLECTION WHICH IS DIVIDED INTO THREE DOMAINS: NATURAL WORLD DOMAIN: COLLECTIONS CONTAIN MANY REAL SPECIMENS, FROM DINOSAUR EGGS AND PRECIOUS GEMS TO SAUSAGE TREE PODS. MANY INTERESTING OBJECTS FROM AROUND THE WORLD ILLUSTRATE NATURAL AND PHYSICAL SCIENCE CONCEPTS. (CONTINUED IN SCHEDULE O)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,082,612
Program Service Revenue $19,985,316
Investment Income $16,149,801
Other Revenue $4,630,209
TOTAL REVENUE $49,847,938

Expense Breakdown

Grants Paid $98,975
Salaries & Benefits $24,378,949
Fundraising Expenses $2,319,134
Program Expenses $38,627,669
Other Expenses $26,567,428
TOTAL EXPENSES $51,045,352

Year-over-Year Comparison

2023 2022 Change
Revenue $49,847,938 $50,032,754 0.0%
Expenses $51,045,352 $48,679,419 +0.0%
Net Income $-1,197,414 $1,353,335 -1.9%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
35
Independent Members
35
Employees
460
Volunteers
550

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,524,027
Total Directors
35
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Treasurer 1.0
Officer Director
$0 $0 $0
N/A Secretary 1.0
Officer Director
$0 $0 $0
N/A Vice-Chair 1.0
Officer Director
$0 $0 $0
N/A Immediate Past President 1.0
Officer Director
$0 $0 $0
N/A Chair 1.0
Officer Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Chief Financial Officer THRU 06/01/2023 40.0
Officer
$608,213 $31,024 $639,237
N/A Chief Financial Officer FROM 06/01/2023 40.0
Officer
$223,172 $30,632 $253,804
N/A President and CEO 40.0
Officer
$595,027 $35,959 $630,986
N/A VP of Development 40.0
Highest
$266,260 $31,450 $297,710
N/A VP of Operations 40.0
Highest
$225,920 $5,968 $231,888
N/A VP Information Tech 40.0
Highest
$274,265 $21,585 $295,850
N/A VP Human Resources 40.0
Highest
$218,994 $46,369 $265,363
N/A VP Marketing 40.0
Highest
$264,605 $27,371 $291,976
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $49,847,938 $51,045,352 $459,492,377 $-1,197,414
2022 $50,032,754 $48,679,419 $441,490,119 $1,353,335
2021 $55,187,916 $47,438,798 $487,243,633 $7,749,118
2020 $25,069,434 $43,194,922 $436,000,740 $-18,125,488
2019 $37,288,677 $47,237,893 $427,764,538 $-9,949,216
2018 $67,730,361 $46,662,761 $405,821,668 $21,067,600
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