The Children's Museum Inc

Nonprofit profile at a glance

EIN
596652019
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Boca Raton, FL, USA
Phone
5613686875
Rating confidence
Limited
Sector
Children's Museums

Official website

Reported finances

Revenue
$0
Expenses
$10,784
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • ELLYN OKRENT (CEO)

People named in this filing

  • ELLYN OKRENT (CEO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to broaden children's awareness of the world around them and teach them how to problem solve through creative and scientific exploration.

What it reported doing in 2020

Exhibitsthe museum itself is an idyllic setting designed to spark creativity, imagination, social skills, team work, problem solving and fun through the interaction with our changing hands- on exhibits. Children can be entrepreneurs, actors, astronauts, store managers, doctors, bankers, singers, cooks construction workers and so much more. More than 25,000 visitors spend quality time with each other each year. Scheduled classes and activities take place daily to include, but not limited to; introduction to art, storytelling, sports clinic, imagination play- ground, music and movement, yoga, and movie making. Local schools and child care centers bring children to the museum to expand their awareness and experiences that will enhance their development.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -4.9% per year; rating input score 0; 51st percentile among comparable filings
  • Revenue growth: -11.9% per year; rating input score 0; 33rd percentile among comparable filings
  • Asset growth: -3.2% per year; rating input score 0; 27th percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 1 of 1 board members independent · 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 10 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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: Program expense ratio scored 0/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.