CHILDREN'S MUSEUMLAB ADVANCEMENT INITIATIVE

EIN: 823982274 501(c)(3) Arts, Culture & Humanities

PITTSBURGH, PA

Total Revenue
$180,002
Total Expenses
$851,266
Total Assets
$10,271,944
Net Assets
$10,271,944
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
PA
Principal Officer
DAVID PAYNE
Phone
4123225058
Tax Period
2024-07-01 to 2025-06-30

CHILDREN'S MUSEUMLAB ADVANCEMENT INITIATIVE, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $180K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $851K exceeded revenue, resulting in a 373% operating deficit.

Mission

THE CHILDREN'S MUSEUMLAB ADVANCEMENT INITIATIVE ASSISTS THE CHILDREN'S MUSEUM OF PITTSBURGH IN ITS MISSION BY DIRECTLY SUPPORTING THE ACTIVITIES AND EXEMPT PURPOSE OF THE MUSEUM.

Program Service Accomplishments

Program 1
Expenses: $851,266 Revenue: $180,000

THE CHILDREN'S MUSEUMLAB ADVANCEMENT INITIATIVE ASSISTS THE CHILDREN'S MUSEUM OF PITTSBURGH IN ITS MISSION BY DIRECTLY SUPPORTING THE ACTIVITIES AND EXEMPT PURPOSE OF THE MUSEUM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $180,000
Investment Income $2
Other Revenue $0
TOTAL REVENUE $180,002

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $851,266
Other Expenses $851,266
TOTAL EXPENSES $851,266

Year-over-Year Comparison

2024 2023 Change
Revenue $180,002 $240,009 -0.3%
Expenses $851,266 $836,669 +0.0%
Net Income $-671,264 $-596,660 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$187,841
Total Directors
5
$187,841
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE KOEBLEY TREASURER 0.50
Officer Director
$0 $28,512 $187,841
DAVID PAYNE CHAIRMAN 0.25
Officer Director
$0 $0 $0
MELISSA BIZYAK VICE CHAIRMAN 0.25
Officer Director
$0 $0 $0
BRUCE COLEMAN SECRETARY 0.25
Officer Director
$0 $0 $0
LARRY BERGER MEMBER 0.25
Director
$0 $0 $0
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 $180,002 $851,266 $10,271,944 $-671,264
2024 $240,009 $836,669 $22,781,049 $-596,660
2023 $240,014 $844,657 $23,377,709 $-604,643
2022 $240,020 $844,658 $22,627,398 $-604,638
2021 $240,038 $760,788 $23,232,036 $-520,750
2020 $240,151 $782,071 $23,752,786 $-541,920
2019 $60,503 $639,279 $24,513,468 $-578,776
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