Grand Forks Children's Museum Inc

Nonprofit profile at a glance

EIN
870865807
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Grand Forks, ND, USA
Phone
7017464326
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$2,721,005
Expenses
$353,069
Assets
$11,771,096
Liabilities
$86,610

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • ALEX REICHERT (PRESIDENT)
  • SALLY MISKAVIGE (VICE PRESIDENT)
  • KATHERINE MAYER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KATHERINE MAYER (EXECUTIVE DIRECTOR): $66,515 total reported compensation
  • CARMEN WALD (DIRECTOR): $1,080 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To engage minds through play.

What it reported doing in 2024

A community project to design and build a children's museum in grand forks to provide an extraordinary hands-on experience by challenging minds and muscles through exploration, celebrating our regional strengths, and inspiring a culture of lifelong learning.

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 22
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 8.2%; rating input score 8
  • Program expense ratio: 33.5%; rating input score 34
  • Fundraising efficiency: $18.13 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 87%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 33.34; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 19.1%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 73.3% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 36.6% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 52.3% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 8.2% of revenue deployed · 33.5% of spending went to programs
  • Governance: 13 of 13 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $118K in reported program spending
  • Leadership: top reported pay $67K · 14 people listed
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 8/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 34/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 56/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 13/100.