2024-01-15T10:07:33-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2022-07-01 421461422 THE IOWA CHILDREN'S MUSEUM IOWA 3196256255 1451 CORAL RIDGE AVE CORALVILLE IA 522412802 JEFF CAPPS EXECUTIVE DIRECTOR 3196256255 2024-01-15 1 JEFF CAPPS 999009999 0 DAVID LITTLE P01480921 3193632697 2024-01-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFF CAPPS 1451 CORAL RIDGE AVE CORALVILLE IA 522412802 2189311 0 X WWW.THEICM.ORG X 1995 IA TO INSPIRE EVERY CHILD TO IMAGINE, CREATE, DISCOVER, AND EXPLORE THROUGH THE POWER OF PLAY. 19 19 76 200 7514 5320 1298539 981484 871746 1114154 1263 2596 -13866 -52900 2157682 2045334 0 0 0 0 917160 1162921 0 0 188070 679642 904726 1596802 2067647 560880 -22313 5932210 5503508 376261 523592 5555949 4979916 X TO INSPIRE EVERY CHILD TO IMAGINE, CREATE, DISCOVER, AND EXPLORE THROUGH THE POWER OF PLAY. 0 0 1489366 0 1131177 THE IOWA CHILDREN'S MUSEUM HAS ESTABLISHED FIVE EDUCATIONAL INITIATIVES FOR ALL PROGRAMS AND EXHIBITS THAT INCLUDE "SCIENCE, TECHNOLOGY, ENGINEERING & MATH" (STEM), 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 FY23, THE MUSEUM CONTINUED TO REBOUND FROM THE PANDEMIC, REBUILDING ITS BUSINESS MODEL AND MEMBERSHIP BASE AND SERVING MORE THAN 160,000 VISITORS OVER THE COURSE OF THE YEAR. SOME OF THE MUSEUM'S SPECIFIC COMMUNITY-BASED PROGRAMS AND ACCOMPLISHMENTS ARE AS FOLLOWS:FAMILY SANCTUARY RENOVATION: THE MUSEUM'S FAMILY SANCTUARY WAS DRAMATICALLY UPDATED AND IMPROVED THIS FISCAL YEAR, BECOMING A TRUE PLACE OF RESPITE FOR CHILDREN AND FAMILIES, ESPECIALLY THOSE WITH SENSORY AND OTHER SPECIAL NEEDS. IN ADDITION TO SUBSTANTIAL LIGHTING AND FLOORING UPGRADES, THE MUSEUM WAS ABLE TO INVEST IN MORE COMFORTABLE AND WELCOMING FURNITURE, ADD A NUMBER OF BOOKS TO ENHANCE THE MUSEUM'S FOCUS ON LITERACY, AND PROVIDE A NUMBER OF SENSORY ACTIVITIES TO HELP ENHANCE OUR VISITORS' EXPERIENCE. LAST BUT NOT LEAST, SUBSTANTIAL GRANT FUNDING ALLOWED US TO PURCHASE AND INSTALL A UNIVERSAL, SIZE-INCLUSIVE CHANGING TABLE IN A NEARBY FAMILY RESTROOM. STORYTIME STEM: THE ICM CONTINUED INTO A SECOND YEAR OF PARTNERSHIP WITH THE BAYER FUND, COMPLETING HIGH-IMPACT STEM-BASED CODING PROGRAMS WITH HUNDREDS OF STUDENTS IN RURAL SCHOOL DISTRICTS SURROUNDING THE MUSEUM. THIS WAS OFFERED FREE OF CHARGE TO THE DISTRICTS AND COMPLETED VIA A CURRICULAR PROGRAM CALLED STORYTIME STEM, WHICH FOCUSES ON BUILDING BOTH LITERACY AND COMPUTER SKILLS FOR STUDENTS IN KINDERGARTEN THROUGH 2ND GRADE. THE ICM ALSO TOOK STEPS TO SECURE FUNDING FOR EXTENDING THIS PROGRAM TO HIGH-NEED ELEMENTARY SCHOOLS IN CEDAR RAPIDS. THIS PROGRAM WILL CONTINUE INTO THE 2023-24 SCHOOL YEAR. STEM SMART PROGRAMS: STEM SMART ENCOURAGES LITERACY AND HEALTHY DEVELOPMENT BY PROVIDING PROGRAMS THAT ALLOW CHILDREN TO APPLY 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. THE MUSEUM'S "STEM IN THE COMMUNITY" INITIATIVE CONTINUED TO ALLOW ICM EDUCATORS THE CHANCE TO WORK WITH CHILDREN AND FAMILIES IN THEIR OWN NEIGHBORHOODS, FURTHERING MUSEUM ACCESSIBILITY OBJECTIVES. THE NEW "POWER OF NATURE" SERIES OFFERED SOME GREAT INSIGHT INTO RENEWABLE ENERGY FOR OUR YOUNG VISITORS AND THEIR FAMILIES. ICM2GO: THIS PROGRAM CONNECTS ICM'S "PLAY TO LEARN" MODEL WITH CHILDREN AND FAMILIES ON-SITE THROUGHOUT THE EASTERN IOWA CORRIDOR. DURING THE PANDEMIC, THIS PROGRAM ALLOWED THE ORGANIZATION TO MAXIMIZE ITS COMMUNITY IMPACT IN A TIME OF GREAT NEED, BUT THAT WORK HAS CONTINUED IN EARNEST OVER THE PAST TWO YEARS, REACHING OUT EVEN MORE BROADLY THROUGHOUT THE AREA. A NOTABLE SUCCESS THIS YEAR WAS THE ADDITION OF A MINIVAN TO ALLOW THE MUSEUM THE OPPORTUNITY TO PARTICIPATE IN MORE EVENTS AND HAVE ADDED FLEXIBLE IN HOW ICM EDUCATORS ARE SERVING THE COMMUNITY. ICM FOR EVERYONE: THIS PROGRAM CONTINUED TO EVOLVE IN FY23 AS THE MUSEUM FULLY EMBRACED THE NATIONAL MUSEUMS FOR ALL PROGRAM, LOWERING THE BAR TO MUSEUM ACCESS EVEN FURTHER. FAMILIES SIMPLY NEED TO INDICATE THAT THEY ARE ENROLLED IN ONE OF THE APPROVED STATE OR FEDERAL AID PROGRAMS, MAKING ADMISSION FREE EACH AND EVERY TIME THEY VISIT, WITHOUT THE NEED TO COMPLETE MEMBERSHIP PAPERWORK. IN FY23 ALONE, ROUGHLY 9,300 VISITORS GAINED ACCESS TO THE MUSEUM THROUGH THIS PHENOMENAL PROGRAM. MUSEUM OFFICIALS CONTINUE TO SPREAD THE WORD ABOUT THIS PROGRAM, REACHING MORE AND MORE DELIGHTED NEW VISITORS ON A WEEKLY BASIS. 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 SECOND 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 FY23 WITH ROUGHLY 4,000 PEOPLE GATHERING IN THE MALL PARKING LOT FOR A ONE-OF-A-KIND OPPORTUNITY FOR LEARNING AND FAMILY FUN. 1489366 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 5 0 1 76 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 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 EHLY PAM BOARD CHAIR 2.00 0.00 X X 0 0 0 HARRINGTON RAQUISHA PAST BOARD CHAIR 1.50 0.00 X X 0 0 0 MAHON NICK TREASURER 1.50 0.00 X X 0 0 0 YODER CELESTE SECRETARY 1.50 0.00 X X 0 0 0 SHAFFER KRISTEN CHAIR ELECT 1.50 0.00 X X 0 0 0 GOETZINGER CHARLIE DIRECTOR 0.50 0.00 X 0 0 0 HUGHES CHAS 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 LITTON MEGHANN DIRECTOR 0.50 0.00 X 0 0 0 MARTINEK JOHN DIRECTOR 0.50 0.00 X 0 0 0 MONTHEI DANIELLE DIRECTOR 0.50 0.00 X 0 0 0 MOORE ELLIE DIRECTOR 0.50 0.00 X 0 0 0 OOMS JOHN 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 WEGMAN DAN DIRECTOR 0.50 0.00 X 0 0 0 CAPPS JEFF EXECUTIVE DIRECTOR 50.00 0.00 X 123534 0 15413 123534 0 15413 1 0 0 0 0 208806 603138 169540 18320 981484 ADMISSIONS 611600 720742 720742 MEMBERSHIP DUES 611600 255380 255380 GUEST WELCOME CENTER 900099 54169 54169 PROGRAM AND FACILITY 611600 50567 50567 SPECIAL PROGRAM FEES 611600 33296 33296 1114154 2596 2596 38450 208806 115887 -77437 -77437 45113 28090 17023 17023 SALES FEES 561439 7514 7514 7514 2045334 1131177 7514 -74841 134527 33632 67263 33632 888019 759571 48442 80006 13685 12682 28 975 49072 40652 3650 4770 77618 60542 8538 8538 60302 60302 193973 143646 50327 48242 48242 86337 67343 9497 9497 39546 35591 3955 21911 17091 2410 2410 860 860 139738 125664 14074 19911 19911 PROGRAM SUPPLIES 87751 87751 REPAIRS & MAINTENANCE 73679 73679 GIFT CARD FEES 48524 48524 EXHIBIT EXPENSES 31522 31522 52430 52430 2067647 1489366 390211 188070 103946 101560 966536 826654 110129 279183 12900 14547 5780 2580193 1682536 865871 897657 3872828 3378127 5932210 5503508 113946 178957 174237 208347 88078 103995 0 32293 376261 523592 X 1521397 1526371 4034552 3453545 5555949 4979916 5932210 5503508 -22313 -553720 0 X X 0 1 X 1 0 X 919335 681441 825926 1298539 981484 4706725 919335 681441 825926 1298539 981484 4706725 87441 4619284 2175 1550 883 1263 2596 8467 10784 12547 15000 15000 7514 60845 113204 113204 4889241 4545403 0.94480 0.92510 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS REVENUE FROM FUNDRAISING - 2018 AMOUNT: $ 112,180. MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 1,024. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2424997 1576663 848334 135676 87960 47716 19520 17913 1607 897657 PRESENT VALUE OF CONTRIBUTED LEASE 3345834 RIGHT-OF-USE ASSET 32293 3378127 SHORT TERM LEASE LIABILITY 13306 LONG TERM LEASE LIABILITY 18987 32293 X 2287878 234647 234647 2053231 -7897 -7897 2045334 2863911 788367 7897 796264 2067647 0 2067647 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 2024-2021 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, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: TO RECLASS SPECIAL FUNDRAISING EVENT EXPENSE TO DIRECTLY OFFSET REVENUE -7,897. PART XII, LINE 2D - OTHER ADJUSTMENTS: TO RECLASS SPECIAL FUNDRAISING EVENT EXPENSE TO DIRECTLY OFFSET REVENUE 7,897. CHILDREN'S OPEN 103706 81306 22400 11948 11920 7997 25260 CELEBRATE PLAY GALA 131144 115094 16050 3035 2446 19599 715 32211 1 12406 12406 210 546 247256 208806 38450 14983 14366 27806 715 58017 115887 -77437 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 2023. 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.