Imagine Children's Museum

What it reported doing in 2024

1. Museum experiences and public programs imagines 68,000 square foot, three-story facility provides a community gathering place where families spend high quality time together year-round in a physically and emotionally safe environment. Immersive hands-on exhibits, performances, and art and science activities support all children regardless of race, ethnicity, ability, or family income. In 2024 the museum welcomed 290,917 visitors. Included in museum admission are value-added programs that include exhibit-based programs focused on stem topics, creativity and the arts, and performances by local artists and cultural groups. 2. Community access programs nearly 30% of imagines overall visitation are families who visit free or at a reduced cost. Community access programs include participation in the museums for all program which provides low-cost access to those families who use electronic benefits transfer (ebt), apple health, chip, foster parent cards, provider one, snap or wic. Families can receive admission at $5 per person for up to four (4) family members in the same household. Active military also receive discounted admission to the museum. 3. Education and outreach programs imagine also offers programs, classes, and outreach services to children, families, schools, and youth organizations. Programs are held at the museum, schools, and in local community settings. The museum on the go program provides hands-on learning experiences led by experienced museum educators for preschool and elementary level students in areas of stem and the arts. The museum also offers family enrichment programs for school events and hosts schools at the museum through field trips and family events.

Financial Efficiency

• Mission deployment rate: 95.9%; rating input score 96
• Program expense ratio: 86.7%; rating input score 87
• Fundraising efficiency: $6.83 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • 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: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -6.8%; rating input score 17; 17th percentile among comparable filings
• Total-asset coverage ratio: 6.42; rating input score 87; 87th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 70; 70th percentile among comparable filings
• Officer compensation ratio: 14.2%; rating input score 20; 20th percentile among comparable filings

Growth

• Program expense growth: 12.7% per year; rating input score 100; 72nd percentile among comparable filings
• Revenue growth: 10.1% per year; rating input score 100; 69th percentile among comparable filings
• Asset growth: 12.1% per year; rating input score 100; 66th percentile among comparable filings