Children's Museum of Richmond

EIN: 510220694 501(c)(3) Arts, Culture & Humanities

Richmond, VA

Total Revenue
$7,278,000
Total Expenses
$4,072,926
Total Assets
$13,328,015
Net Assets
$11,983,498
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
VA
Phone
8044747000
Tax Period
2024-07-01 to 2025-06-30

CHILDREN'S MUSEUM OF RICHMOND, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2017. Expenses of $3.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE CHILDREN'S MUSEUM OF RICHMOND, A NOT-FOR-PROFIT ORGANIZATION, EXISTS TO INSPIRE GROWTH IN ALL CHILDREN BY ENGAGING FAMILIES IN LEARNING THROUGH PLAY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,314,493
Program Service Revenue $1,691,929
Investment Income $186,710
Other Revenue $84,868
TOTAL REVENUE $7,278,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,198,254
Fundraising Expenses $496,400
Program Expenses $3,000,353
Other Expenses $1,766,648
TOTAL EXPENSES $4,072,926

Year-over-Year Comparison

2024 2023 Change
Revenue $7,278,000 $3,937,192 +0.8%
Expenses $4,072,926 $3,762,072 +0.1%
Net Income $3,205,074 $175,120 +17.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
29
Independent Members
29
Employees
115
Volunteers
498

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
5
$189,177
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Way Secretary 2.0
Officer Director
$0 $0 $0
Gordon Crenshaw Treasurer 3.0
Officer Director
$0 $0 $0
Lynn Mussatt Immediate Past Chair 3.0
Officer Director
$0 $0 $0
Sally Tate Chair 5.0
Officer Director
$0 $0 $0
Amy Kelley Trustee 1.0
Director
$0 $0 $0
Ashley Peterson Trustee 1.0
Director
$0 $0 $0
Barbara Markham Smith Trustee 1.0
Director
$0 $0 $0
Becky Mann Trustee 1.0
Director
$0 $0 $0
Bentley Chan Trustee 1.0
Director
$0 $0 $0
Brendan Staley Trustee 1.0
Director
$0 $0 $0
Chelsea Carroll Trustee 1.0
Director
$0 $0 $0
Dana Callahan Trustee 1.0
Director
$0 $0 $0
Doug Stroup Trustee 1.0
Director
$0 $0 $0
Heidi Siegmund Trustee 1.0
Director
$0 $0 $0
Jeff Campbell Trustee 1.0
Director
$0 $0 $0
Lara D'Antonio Trustee 1.0
Director
$0 $0 $0
Laura Curzi Trustee 1.0
Director
$0 $0 $0
Loretta Tabb Trustee 1.0
Director
$0 $0 $0
Martha Schley K Smith Trustee 1.0
Director
$0 $0 $0
Mary Bigelow Trustee 1.0
Director
$0 $0 $0
Mary Colleen Beers Trustee 1.0
Director
$0 $0 $0
Paulin Cheatham Trustee 1.0
Director
$0 $0 $0
Rayhan Daudani Trustee 1.0
Director
$0 $0 $0
Shawn Harrigan Trustee 1.0
Director
$0 $0 $0
Sigmund Collins Trustee 1.0
Director
$0 $0 $0
Susan Davies Trustee 1.0
Director
$0 $0 $0
Tamarah Holmes Trustee 1.0
Director
$0 $0 $0
Ted Moore Trustee 1.0
Director
$0 $0 $0
William Muangala Trustee 1.0
Director
$0 $0 $0
Danielle Ripperton Executive Director 50.0
Officer
$159,124 $30,053 $189,177
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
2025 $7,278,000 $4,072,926 $13,328,015 $3,205,074
2024 $3,937,192 $3,762,072 $10,067,444 $175,120
2023 $3,644,292 $3,236,814 $9,832,168 $407,478
2022 $4,347,352 $2,626,059 $8,094,641 $1,721,293
2021 $3,215,630 $1,941,865 $6,761,456 $1,273,765
2020 $2,998,031 $3,571,702 $6,087,640 $-573,671
2019 $3,914,148 $4,200,827 $6,482,324 $-286,679
2018 $3,550,482 $3,942,071 $6,864,605 $-391,589
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