2024-12-20T11:26:10-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2023-07-01 421461422 THE IOWA CHILDREN'S MUSEUM IOWA 3196256255 1451 CORAL RIDGE AVE CORALVILLE IA 522412802 JEFF CAPPS EXECUTIVE DIRECTOR 3196256255 2024-12-18 1 0 DAVID LITTLE P01480921 3193632697 2024-12-18 2023 2024-10-15 13:58:12Z JEFF CAPPS 1451 CORAL RIDGE AVE CORALVILLE IA 522412802 1986958 0 X WWW.THEICM.ORG X 1995 IA TO INSPIRE EVERY CHILD TO IMAGINE, CREATE, DISCOVER, AND EXPLORE THROUGH THE POWER OF PLAY. 18 18 77 220 3000 2000 981484 718109 1114154 1143894 2596 33441 -52900 -83116 2045334 1812328 0 0 0 0 1162921 1247408 0 0 190203 904726 862321 2067647 2109729 -22313 -297401 5503508 4512719 523592 412731 4979916 4099988 X TO INSPIRE EVERY CHILD TO IMAGINE, CREATE, DISCOVER, AND EXPLORE THROUGH THE POWER OF PLAY. 0 0 1602156 0 1164793 THE IOWA CHILDREN'S MUSEUM HAS FIVE EDUCATIONAL INITIATIVES FOR ALL PROGRAMS AND EXHIBITS. THESE INCLUDE STEM (SCIENCE, TECHNOLOGY, ENGINEERING & MATH), FINANCIAL LITERACY, SCHOOL READINESS, HEALTHY KIDS AND ARTS & CULTURE. THE ACTIVE LEARNING EXPERIENCES THAT ARE ASSOCIATED WITH THESE INITIATIVES EMBODY BEST PRACTICES OF INFORMAL EDUCATION AND ADVANCE 21ST CENTURY SKILLS. IN FY24, THE MUSEUM SERVED MORE THAN 180,000 INDIVIDUALS OVER THE COURSE OF THE YEAR. SOME OF THE MUSEUM'S SPECIFIC COMMUNITY-BASED PROGRAMS AND ACCOMPLISHMENTS ARE AS FOLLOWS:TAKE FLIGHT EXHIBIT RENOVATION: TAKE FLIGHT: THE SCIENCE OF AVIATION IS THE MUSEUM'S SINGLE LARGEST EXHIBIT. ENCOMPASSING THOUSANDS OF SQUARE FEET ALONG THE FRONT OF THE MUSEUM, THIS EXHIBIT HAS CAPTURED CHILDREN'S AND FAMILIES' IMAGINATIONS FOR WELL OVER A DECADE. IN FY24, THE MUSEUM TEAM COMPLETED A MASSIVE OVERHAUL OF THIS BELOVED SPACE, BUILDING THREE ALL-NEW FLIGHT SIMULATORS, PRODUCING AND IMPLEMENTING A CAREER VIDEO AND EXPLORATION CORNER, INCORPORATING LIVE FLIGHT RADAR AND AIR TRAFFIC CONTROL SOUNDS, AND MUCH MORE.STEM SMART PROGRAMS: STEM SMART ENCOURAGES LITERACY AND HEALTHY DEVELOPMENT BY PROVIDING PROGRAMS THAT ALLOW CHILDREN TO APPLY AN UNDERSTANDING OF HOW THE WORLD WORKS WITHIN THE AREAS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH. THIS WORK IS ACCOMPLISHED THROUGH VARIOUS PROGRAMS, INCLUDING FAMILY FREE NIGHTS AND COMMUNITY OUTREACH PROGRAMS. IN ADDITION TO CONTINUING WITH A BROAD RANGE OF ONGOING STEM INITIATIVES, THE MUSEUM PARTNERED WITH COLLINS AEROSPACE ON ITS GLOBAL MONTH OF SERVICE IN APRIL, COMPLETING A NUMBER OF DIFFERENT PROJECTS WITH COLLINS VOLUNTEERS AND BUILDING/DISTRIBUTING MORE THAN 100 UNIQUE STEM KITS TO CHILDREN IN OUR COMMUNITY. THE DYNAMIC STORYTIME STEM PROGRAM, WHICH FOCUSES ON BUILDING BOTH LITERACY AND COMPUTER SKILLS FOR STUDENTS IN KINDERGARTEN THROUGH 2ND GRADE, CONTINUED THIS FISCAL YEAR, WITH THE ICM SECURING FUNDING TO EXTEND IT INTO HIGH-NEED ELEMENTARY SCHOOLS IN CEDAR RAPIDS.ICM FOR EVERYONE AND ICM2GO: THE MUSEUM CONTINUED WITH A RANGE OF ACCESSIBILITY INITIATIVES THROUGHOUT THE FISCAL YEAR, WITH PARTICIPATION IN THE MUSEUMS FOR ALL ADMISSION PROGRAM ALONE MORE THAN DOUBLING TO 18,500 VISITORS. THE ICM2GO PROGRAM CONNECTS ICM'S "PLAY TO LEARN" MODEL WITH CHILDREN AND FAMILIES ON-SITE THROUGHOUT THE EASTERN IOWA CORRIDOR. WITH TWO VEHICLES NOW OUT ON THE ROAD, ESPECIALLY DURING THE SUMMER MONTHS, AND AN INCREASING NUMBER OF STAFF TRAINED TO DO THIS WORK, THE ICM IS WORKING OUTSIDE ITS WALLS MORE BOLDLY AND BROADLY THAN EVER BEFORE.MOVE IT! DIG IT! DO IT! AND JACK SPLAT: THESE TWO LARGE-SCALE, FREE, OUTDOOR COMMUNITY EVENTS CONTINUE TO PROVIDE THE ICM A TREMENDOUS OPPORTUNITY TO CONNECT WITH THE COMMUNITY. FOR THE THIRD STRAIGHT YEAR, JACK SPLAT WAS HELD IN A DOWNTOWN IOWA CITY PARK AS A MEANS OF INCREASING ACCESS. THE ICM AND VARIOUS PARTNERS INVITE COMMUNITY MEMBERS TO BRING THEIR COMPOSTABLE JACK-O-LANTERNS TO THE PARK, WHERE THEY ARE DROPPED FROM THE FOURTH FLOOR OF A LOCAL PARKING RAMP FOR EVERYONE'S ENJOYMENT. MOVE IT! DIG IT! DO IT! CONTINUED ITS GREAT RUN OF SUCCESS IN FY24 WITH THOUSANDS OF PEOPLE GATHERING IN THE MALL PARKING LOT FOR A ONE-OF-A-KIND OPPORTUNITY FOR LEARNING AND FAMILY FUN. COMMUNITY CONNECTIONS AND NEW PARTNERSHIPS: DURING FY24, THE ICM CONNECTED WITH A RANGE OF DIFFERENT ORGANIZATIONS AND CAUSES HIGHLIGHTED BY BEING NAMED THE 2024 AWARD WINNER FOR THE FAMILY FUN, KID'S PARTY PLACES, SUMMER CAMP, TOURIST ATTRACTIONS CATEGORY BY THE LOCALS HUB. AT THE STATEWIDE LEVEL, THE ICM HAS BEEN RECOGNIZED FOR THE FIRST TIME AS A NASA IOWA SPACE GRANT CONSORTIUM OUTREACH AFFILIATE, WHILE CONTINUING AS A CULTURAL LEADERSHIP PARTNER THROUGH THE IOWA ARTS COUNCIL. LOCALLY, AMONG OTHER INITIATIVES, MUSEUM LEADERS WERE ACTIVELY INVOLVED IN THE PLANNING AND DELIVERY OF THE RAGBRAI OVERNIGHT EVENT IN CORALVILLE, THE COMMUNITY LEADERSHIP PROGRAM AND HERKY ON PARADE 3.0. 1602156 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 77 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DC IL MN X X BARB MURPHY 3196256255 1451 CORAL RIDGE AVE CORALVILLE IA 522412802 SHAFFER KRISTEN BOARD CHAIR 2.00 0.00 X X 0 0 0 EHLY PAM PAST BOARD CHAIR 1.50 0.00 X X 0 0 0 YODER CELESTE TREASURER 1.50 0.00 X X 0 0 0 GOETZINGER CHARLIE SECRETARY 1.50 0.00 X X 0 0 0 MAHON NICK CHAIR ELECT 1.50 0.00 X X 0 0 0 BERN LISSA DIRECTOR 0.50 0.00 X 0 0 0 JONES KIM DIRECTOR 0.50 0.00 X 0 0 0 KAUFMAN CAROLINA DIRECTOR 0.50 0.00 X 0 0 0 KIVLIGHAN LAURA DIRECTOR 0.50 0.00 X 0 0 0 KLEPPE JACKIE DIRECTOR 0.50 0.00 X 0 0 0 MOORE ELLIE DIRECTOR 0.50 0.00 X 0 0 0 NELSON ERIN DIRECTOR 0.50 0.00 X 0 0 0 O'NEIL DAN DIRECTOR 0.50 0.00 X 0 0 0 RAMEY CHACE DIRECTOR 0.50 0.00 X 0 0 0 RUSSELL BEN DIRECTOR 0.50 0.00 X 0 0 0 SWOPE BRI DIRECTOR 0.50 0.00 X 0 0 0 WACHENDORF JAMES DIRECTOR 0.50 0.00 X 0 0 0 WEST AMANDA DIRECTOR 0.50 0.00 X 0 0 0 CAPPS JEFF EXECUTIVE DIRECTOR 50.00 0.00 X 129290 0 18152 129290 0 18152 1 0 0 0 0 258679 283065 176365 9617 718109 ADMISSIONS 611600 695261 695261 MEMBERSHIP DUES 611600 314236 314236 PROGRAM AND FACILITY 611600 59256 59256 GUEST WELCOME CENTER 900099 57030 57030 SPECIAL PROGRAM FEES 611600 18111 18111 1143894 33441 33441 43350 258679 150365 -107015 -107015 45164 24265 20899 20899 ADVERTISING REVENUE 541800 3000 3000 3000 1812328 1164793 3000 -73574 140728 35182 70364 35182 945365 839742 30907 74716 16100 15261 839 60515 51609 3549 5357 84700 68607 7623 8470 61167 61167 130143 129915 228 48000 48000 86347 64172 7130 15045 40539 36485 4054 25943 21014 2335 2594 844 844 165984 149286 16698 22439 22439 PROGRAM SUPPLIES 83675 83675 REPAIRS & MAINTENANCE 78530 78530 GIFT CARD FEES 53477 53477 EXHIBIT EXPENSES 28678 28678 36555 36555 2109729 1602156 317370 190203 101560 37096 826654 825610 279183 33628 14547 19408 5780 3826 2630005 1845349 897657 784656 3378127 2808495 5503508 4512719 178957 153613 208347 208170 103995 31972 32293 18976 523592 412731 X 1526371 1278270 3453545 2821718 4979916 4099988 5503508 4512719 -297401 -582527 0 X X 0 1 X 1 0 X 681441 825926 1298539 981484 718109 4505499 681441 825926 1298539 981484 718109 4505499 23726 4481773 1550 883 1263 2596 33441 39733 12547 15000 15000 7514 3000 53061 4598293 4714442 0.97470 0.94480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2472924 1727625 745299 137561 99097 38464 19520 18627 893 784656 PRESENT VALUE OF CONTRIBUTED LEASE 2789855 RIGHT-OF-USE ASSET 18640 2808495 SHORT TERM LEASE LIABILITY 9783 LONG TERM LEASE LIABILITY 9193 18976 X 2017070 204742 204742 1812328 0 1812328 2896998 787269 787269 2109729 0 2109729 PART IV, LINE 2B: THE IOWA CHILDREN'S MUSEUM HAS BEEN AWARDED A THREE-YEAR GRANT FROM A FOUNDATION. THE IOWA CHILDREN'S MUSEUM IS TO PROVIDE FISCAL SPONSOR SERVICES FOR THE IOWA AFTERSCHOOL ALLIANCE 2021-2024 ACHIEVEMENT GRANT AND WILL RETAIN 2% OF THE CASH FUNDS RECEIVED FROM THE FOUNDATION AND OTHER FUNDING ENTITIES FOR THE PROJECT, TO EXCLUDE ANY CARRYOVER FUNDS FROM THE FOUNDATION FOR THE GRANT YEARS 2018-2021. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE IOWA INCOME TAX LAW, WHICH PROVIDES INCOME TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. THE INTERNAL REVENUE SERVICE HAS NOT CLASSIFIED THE ORGANIZATION AS A PRIVATE FOUNDATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD TO EVALUATE UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AT JUNE 30, 2024 AND 2023. CHILDREN'S OPEN 118421 92821 25600 15978 8129 6569 0 38342 CELEBRATE PLAY GALA 148365 130615 17750 13940 3115 20542 1400 41154 1 35243 35243 168 1028 302029 258679 43350 29918 11244 27279 1400 80524 150365 -107015 FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE AN EXECUTIVE COMMITTEE CONSISTING OF THE CHAIR, THE CHAIR-ELECT, THE SECRETARY, THE TREASURER, AND AN EMERITUS (PAST) CHAIR, AND SUCH OTHER DIRECTORS OF THE BOARD OF DIRECTORS, ELECTED BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR AND ASSISTANT DIRECTOR SHALL BE EX-OFFICIO, NON-VOTING MEMBERS OF THE EXECUTIVE COMMITTEE. EXCEPT AS OTHERWISE PROVIDED IN THESE BYLAWS, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE EXECUTIVE COMMITTEE WILL FIRST REVIEW THE 990 AND THEN PARTICIPATE IN DISCUSSION WITH THE PREPARER. UPON THEIR RECOMMENDATION, THE 990 IS FORWARDED TO THE FULL BOARD PRIOR TO A REGULAR MONTHLY MEETING AT WHICH TIME THE 990 IS OFFICIALLY ACCEPTED, BEFORE BEING SIGNED AND SUBMITTED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EMPLOYEES FOLLOW THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS ADDRESS ANY POTENTIAL CONFLICTS OF INTEREST AT MONTHLY BOARD MEETINGS. IF A CONFLICT ARISES THE BOARD MEMBER ABSTAINS FROM VOTING ON THE ITEM IN CONFLICT. CONFLICTS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, THE BOARD CHAIR AND CHAIR ELECT FACILITATE A PERFORMANCE EVALUATION OF THE EXECUTIVE DIRECTOR (ED). ALL BOARD MEMBERS COMPLETE THE EVALUATION TOOL. THE BOARD CHAIR COMPILES THE COLLECTED INFORMATION AND EMAILS A FINAL REPORT OUT TO THE ENTIRE BOARD OF DIRECTORS, AT WHICH POINT THE BOARD DISCUSSES (IN CLOSED EXECUTIVE SESSION) THE EVALUATION DATA AND DETERMINES WHETHER A SALARY/COMPENSATION CHANGE IS APPROPRIATE. THE BOARD CHAIR AND BOARD CHAIR-ELECT COMPILE RESEARCH ON COMPARABLE EXECUTIVE DIRECTOR SALARIES IN THE FIELD OF MUSEUMS IN OUR GEOGRAPHIC REGION TO ESTABLISH BASELINE DATA REGARDING THE RANGE OF COMPARABLE STAFF POSITION. THIS PROCESS MIGHT INVOLVE AN ORGANIZATIONAL CONSULTANT, AS WELL. ANY SALARY CHANGES MUST BE MADE AS A MOTION BY A BOARD MEMBER AND VOTED UPON BY THE ENTIRE BOARD TO BECOME EFFECTIVE. FOLLOWING THAT BOARD MEETING, THE ED MEETS WITH THE BOARD CHAIR AND CHAIR ELECT TO GO OVER THE EVALUATION REPORT AND SET GOALS FOR THE UPCOMING YEAR, AS WELL AS BE ADVISED OF ANY SALARY CHANGE. THE EVALUATION REPORT IS THEN KEPT ON FILE IN THE EMPLOYMENT FILE OF THE ED. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING AND SELECTING AN INDPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.