The Childrens Museum of Denver Inc
Nonprofit profile at a glance
- EIN
- 840658142
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Denver, CO, USA
- Phone
- 3034337444
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Children's Museums
Reported finances
- Revenue
- $12,509,117
- Expenses
- $10,858,631
- Assets
- $30,315,930
- Liabilities
- $2,121,611
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- MICHAEL YANKOVICH (PRESIDENT AN)
Highest reported compensation
- MICHAEL YANKOVICH (PRESIDENT AN): $328,858 total reported compensation
- GRETCHEN KERR (COO): $254,212 total reported compensation
- AMY HARMAN (VP DEV. & CO): $201,826 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 create extraordinary experiences that champion the wonder and joy of childhood.
What it reported doing in 2024
The museum provides rich play experiences and a dynamic learning environment with more than 20 innovative exhibits, ever-changing daily programs and exciting year-round special events. Museum staff also take experiences into classrooms through outreach programming and regularly participate in community events. These experiences and programs help develop skills children need in the 21st century, such as critical thinking and collaboration. All school group programming aligns with Colorado academic standards, and museum offerings are guided by the museum's education framework, head start's child development and early learning framework, and developmentally appropriate practice. An active member of the association of children's museums, the museum stays current on best practices to offer its guests exceptional informal learning experiences. Examples of museum programs and exhibits include: 1) the center for the young child, the region's only developmentally-appropriate play environment exclusively for children from birth to age three and their caregivers; 2) water, a lively, stem-rich exhibit that invites children to experiment with water and explore its properties; 3) the art studio, a new area dedicated to creative works using paint, clay, found materials and other media and providing opportunities for children to work alongside professional artists through the museum's new artist-in-residence program; 4) outreach programs, which enhance curriculum taught in area classrooms; and 5) school group field trips, which allow students to explore the museum on their own and participate in on-site facilitated educational programs.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.8%; rating input score 71
- Program expense ratio: 76.8%; rating input score 77
- Fundraising efficiency: $9.22 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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; 66th 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: 13.2%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 2.79; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 13.2%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 8.1% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 70.8% of revenue deployed · 76.8% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $8.3M in reported program spending
- Leadership: top reported pay $329K · 24 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $328K reported
- Consistency: 26 of 26 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 8 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
- High — Sustainability: Officer compensation ratio scored 11/100.