Wonderfeet Kids Museum Inc

What it reported doing in 2024

Wonderfeet kids museum (the museum) fosters curiosity and exploration, inspires creativity and ignites the imagination of every child through the power of play. The museum offers programming and admission to residents and visitors of rutland county, with a focus on pre-school aged children. The museum's core values include the opportunity to provide: a caring and inclusive environment relevant and interactive learning vibrant community partners and resources energy by play and fun the museum's primary goals include: 1. Provide engaging and relevant learning experiences (including exhibits and programming) 2. Support a healthy community through strong partnerships 3. Determine suitable growth to meet the needs of the community 4. Develop and retain staff excellence 5. Grow diverse and sustainable funding sources the museum also provides the following programs: hands-on stem opportunities that meet the next generation science standards. Themed events - variety of programming throughout the year on topics of interest to the community. These two-hour programs allow children to be immersed in a topic with hands-on and engaging activities. Homeschool programs - two days each month. This program focus on building background knowledge on the selected topic through hands-on engagement, exploration, and instructor explanation. As a multi-age group, we will organize our day with a variety of whole and small group activities, differentiating by age and/or interest when appropriate. Programming will emphasize connections to Vermont both past and present. This program also provides opportunity for a field trip aimed at expanding understanding and making connections to the months topic through local and regional partnerships. Extension ideas supplied to kids and their families will also provide support for learning at home. In 2022, in partnership with green mountain power, the museum entered to an agreement to expand to a new location. This expansion will not only provide additional space but also the opportunity to work with local businesses and other community partners to create new exhibits and foster additional community program offerings. The new space opened in may 2023 and has yielded over 30,000 visitors and deeper collaboration apportunities within rutland county.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 95.6%; rating input score 96
• Fundraising efficiency: $23.28 raised per $1 spent on fundraising; rating input score 62; 62nd 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: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -6%; rating input score 22; 22nd percentile among comparable filings
• Total-asset coverage ratio: 0.82; rating input score 37; 37th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 55; 55th percentile among comparable filings
• Officer compensation ratio: 10.1%; rating input score 36; 36th percentile among comparable filings

Growth

• Program expense growth: 14.5% per year; rating input score 100; 74th percentile among comparable filings
• Revenue growth: 14.1% per year; rating input score 100; 77th percentile among comparable filings
• Asset growth: 18% per year; rating input score 100; 78th percentile among comparable filings