Children's Museum of Tampa Inc

What it reported doing in 2024

The facility reflects the mission to create a learning laboratory where children play, discover, and connect with the world around them to develop as lifelong learners and leaders. Previously named "nonprofit of the year in arts, culture, and humanities" by the tampa bay business journal, gcm is annually ranked as a top 10 children's museum in the nation. The glazer children's museum provides tampa bay with a combination of permanent and traveling exhibits, daily educational programs, and seasonal special events all professionally curated to help little learners from birth to 10 years old to play with purpose. See schedule o. In a normal year, more than 235,000 guests will explore gcm's 170 interactive exhibits within 19 themed areas and thousands more are impacted through outreach in the community. Conveniently located in downtown tampa, gcm is an integral part of the cultural corridor of museums, libraries, theaters, and performing arts centers. The facility offers 5,000 square feet of event space, 2,500 square feet of classroom space, and a 1,000 square foot rooftop terrace overlooking the picturesque riverwalk along the hillsborough river and curtis hixon park.at the glazer children's museum, we create and foster engaging, impactful play experiences for children and families to learn and thrive. Through play, new connections form in the brain, leading a child to develop cognitively, socially, physically, and emotionally. Play inspires imagination and discovery, allowing children to experiment and succeed in supportive and low-risk environments. Play builds skills like resilience, creative problem solving, collaboration, communication, sharing, and compromise. Play is foundational for all children. Play is learning. For all grown-ups with a little learner they care about, who chooses to play with purpose, we provide an interactive, learning laboratory with professional curated programs and people in a safe, warm, and nurturing space. Glazer children's museum gives your little learner accessible, personalized opportunities to imagine and explore their potential as they grow up. Our little learners are valued, resilient, and inspired to create their future!

Financial Efficiency

• Mission deployment rate: 51.1%; rating input score 51
• Program expense ratio: 69.4%; rating input score 69
• Fundraising efficiency: $6.06 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 28.1%; rating input score 83; 83rd percentile among comparable filings
• Total-asset coverage ratio: 1.08; rating input score 40; 40th percentile among comparable filings
• Liabilities to assets ratio: 0.09; rating input score 60; 60th percentile among comparable filings
• Officer compensation ratio: 21.6%; rating input score 11; 11th percentile among comparable filings

Growth

• Program expense growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
• Revenue growth: 7.2% per year; rating input score 100; 55th percentile among comparable filings
• Asset growth: -16.8% per year; rating input score 0; 1st percentile among comparable filings