2025-05-06T09:40:07-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-07-01 581647538 MARBLES KIDS MUSEUM MARB 9198344040 201 EAST HARGETT STREET RALEIGH NC 27601 JONATHAN FREDERICK CEO 9198344040 2025-05-04 1 1 KATHERINE A WARLICK P02065266 7049985200 2025-04-28 2023 2025-03-06 01:10:19Z JONATHAN FREDERICK 201 EAST HARGETT STREET RALEIGH NC 27601 9804464 0 X WWW.MARBLESKIDSMUSEUM.ORG X 2007 NC MARBLES SPARKS IMAGINATION, DISCOVERY, AND LEARNING THROUGH PLAY. 30 30 157 816 489829 0 2490415 4235541 4415617 4658103 -859 149 356120 346388 7261293 9240181 0 0 0 0 3970643 4461615 48269 93478 590594 2753334 2841268 6772246 7396361 489047 1843820 31031572 31337740 3682992 4032378 27348580 27305362 X SEE SCHEDULE OMARBLES SPARKS IMAGINATION, DISCOVERY AND LEARNING THROUGH PLAY. 1. READY SET LEARN. PLAY BUILDS INTELLECTUAL, SOCIAL AND EMOTIONAL SKILLS FOR SUCCESS IN LEARNING AND IN LIFE. 2. BE HEALTHY BE ACTIVE. PLAY PROMOTES PHYSICAL DEVELOPMENT AND HEALTH. 3. CREATE INNOVATE. PLAY ENCOURAGES IMAGINATION, CREATIVITY AND SELF-EXPRESSION. 4. EXPLORE EXPERIMENT. PLAY LEADS TO DISCOVERY AND KINDLES CURIOSITY. 5. CONNECT. PLAY TEACHES COOPERATION AND COLLABORATION, STRENGTHENS FAMILIES AND UNITES OUR COMMUNITY. 0 0 4859222 4618540 IN FY2023-2024 (FY24), MARBLES WELCOMED OVER 517,000 VISITORS FROM ALL 50 STATES, ALL 100 NORTH CAROLINA COUNTIES AND EVERY CORNER OF WAKE COUNTY TO EXPERIENCE THE POWER OF PLAY. HIGHLIGHTS INCLUDE OPENING UNDER THE WAVES, A BRAND-NEW EXHIBIT FOCUSED ON SENSORY EXPLORATION, IN DECEMBER 2023. THIS CALMING SPACE FEATURING A LARGER-THAN-LIFE WEIGHTED OCTOPUS, SHADOW PLAY, AND BUBBLE TUBES IS DESIGNED TO ENGAGE KIDS WITH SENSORY SENSITIVITIES AND DEVELOPMENTAL DIFFERENCE, OR THOSE NEEDING A RESPITE FROM THE STIMULATING MUSEUM. MARBLES RECEIVED THE ROY L. SHAFER LEADING EDGE AWARD FROM THE ASSOCIATION OF SCIENCE & TECHNOLOGY CENTERS FOR UNDER THE WAVES RECOGNIZING THE EXHIBIT'S CONTRIBUTIONS TO OUR COMMUNITY AND OUR FIELD AT LARGE. IN FY24, MARBLES WELCOMED 49,400 FIELD TRIP PARTICIPANTS, AN INCREASE OF 80% OVER FY23. FIELD TRIP PROGRAMS WELCOMED STUDENTS IN PRESCHOOL THROUGH 8TH GRADE FROM NEAR AND FAR, WITH GROUPS VISITING FROM 50 DIFFERENT COUNTIES. MUSEUM FIELD TRIPS OFFER OPEN-ENDED MUSEUM EXPLORATION OF OUR EDUCATIONAL EXHIBITS AS WELL AS HANDS-ON SPECIALTY PROGRAMS ON TOPICS LIKE STEM, FINANCIAL LITERACY, NUTRITION, AND WEATHER. MARBLES ALSO OFFERS CURRICULUM-ALIGNED EDUCATIONAL FIELD TRIPS THAT INTEGRATE AWARD-WINNING IMAX DOCUMENTARIES WITH HANDS-ON LEARNING LABS FOR STUDENTS IN GRADES 5-8, BRINGING CONTENT TO LIFE THROUGH HANDS-ON ACTIVITIES. IN SUPPORT OF OUR MISSION TO SPARK IMAGINATION, DISCOVERY, AND LEARNING THROUGH PLAY, MARBLES DELIVERS POWERFUL PLAY EXPERIENCES ALIGNED WITH FIVE CORE CONTENT INITIATIVES: READY SET LEARN, BE HEALTHY BE ACTIVE, CREATE INNOVATE, EXPLORE EXPERIMENT, AND CONNECT. CONTENT IS DELIVERED THROUGH INNOVATIVE AND INTERACTIVE EXHIBITS, DAILY EDUCATIONAL PROGRAMS, FIELD TRIPS, CAMPS, SPECIAL ACCESS PROGRAMS AND GIANT SCREEN IMAX DOCUMENTARY MOVIES. IN FY24, MARBLES KIDS MUSEUM SERVED OVER 517,000 VISITORS. CAMP MARBLES ENGAGED MORE THAN 2,800 KIDS IN FUN, INTERACTIVE LEARNING AND PLAY THROUGH CREATING, BUILDING, AND EXPERIMENTING. MARBLES ACCESS AND OUTREACH PROGRAMS PROVIDED OVER 75,700 FREE AND REDUCED RATE MUSEUM VISITS IN FY24 FOR TRADITIONALLY UNDERSERVED POPULATIONS, ENSURING ALL CHILDREN HAVE ACCESS TO MARBLES, DESPITE FINANCIAL OR PHYSICAL LIMITATIONS. MARBLES ACCESS PROGRAMS INCLUDE MUSEUM ACCESS FOR AT-RISK TITLE I AND PRESCHOOL GROUPS, EXTENDED HOURS FOR WORKING FAMILIES, FREE EVENTS FOR RISING KINDERGARTENERS AND THEIR FAMILIES AND FREE EVENTS FOR CHILDREN WITH SPECIAL NEEDS. IN FY24 MARBLES WON THE FOLLOWING AWARD AND ACCOLADES: WRAL VOTER'S CHOICE AWARD: MUSEUM & GALLERY FINALIST (AUGUST 2023); NEWS & OBSERVER RALEIGH'S BEST ATTRACTION, BRONZE (OCTOBER 2023); USA TODAY'S TOP 10 BEST CHILDREN'S MUSEUM (JANUARY 2024); MIDTOWN MAGAZINE 2024 DIAMOND AWARDS BEST MUSEUM, SILVER (JANUARY 2024); AND WRAL COMMUNITY CARES AWARD (JUNE 2024). 4859222 1 1 0 1 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 27 0 1 157 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X APRIL WARD 9198571057 201 EAST HARGETT STREET RALEIGH NC 27601 JASON HERNDON CHAIR 1.00 X X 0 0 0 JULIE PAUL IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 LENNIE AUSTIN TREASURER & FINANCE CHAIR 1.00 X X 0 0 0 ERICKA SANTOS SECRETARY & COMMUNICATIONS CHAIR 1.00 X X 0 0 0 SHARON CRAWFORD DEVELOPMENT CHAIR 1.00 X 0 0 0 SKIP HILL FACILITIES CHAIR 1.00 X 0 0 0 SHIRLEY HUANG LEARNING CHAIR 1.00 X 0 0 0 JENNIFER BADHAM DIRECTOR 1.00 X 0 0 0 LORIE BARNES DIRECTOR 1.00 X 0 0 0 PRESTON BERGEN DIRECTOR 1.00 X 0 0 0 CHRISTIAN BIGSBY DIRECTOR 1.00 X 0 0 0 KORRIE BLANCHARD DIRECTOR 1.00 X 0 0 0 STACEY BUESCHER DIRECTOR 1.00 X 0 0 0 JED BYRNE DIRECTOR 1.00 X 0 0 0 CONNIE CARRIGAN DIRECTOR 1.00 X 0 0 0 HEATHER COZART DIRECTOR 1.00 X 0 0 0 SARA DANIEL DIRECTOR 1.00 X 0 0 0 DEANNA HAWKES DIRECTOR 1.00 X 0 0 0 LESLIE ANN JACKSON DIRECTOR 1.00 X 0 0 0 GAIL JONES DIRECTOR 1.00 X 0 0 0 KRISTINE LANE DIRECTOR 1.00 X 0 0 0 NAEILL LEIGH DIRECTOR 1.00 X 0 0 0 SARAH MORGAN DIRECTOR 1.00 X 0 0 0 JENNIFER PITTMAN DIRECTOR 1.00 X 0 0 0 MARIAROSA RANGEL DIRECTOR 1.00 X 0 0 0 GRACE ROUNTREE DIRECTOR 1.00 X 0 0 0 MARY BECK SKINNER DIRECTOR 1.00 X 0 0 0 BERNETTE STIVERS DIRECTOR 1.00 X 0 0 0 TIM WHITNEY DIRECTOR 1.00 X 0 0 0 JEANE WHITTINGTON POWERS DIRECTOR 1.00 X 0 0 0 JONATHAN FREDERICK CEO 40.00 X 202802 0 17369 BRITT THOMAS CHIEF ACTIVATION OFFICER 40.00 X 137700 0 24612 LEILA THOMAS VP OF DEVELOPMENT & STRATEGY 40.00 X 102576 0 14210 443078 0 56191 5 0 1 0 0 874535 285660 908816 2166530 104680 4235541 ADMISSION AND OTHER FEES 713990 4649764 4159935 489829 8339 8339 4658103 149 149 59669 285660 163547 -103878 -103878 851002 400736 450266 450266 9240181 4618540 489829 -103729 523660 239391 131956 152313 3270977 2255220 732629 283128 25820 15028 7834 2958 371242 275382 84905 10955 269916 200898 49620 19398 39584 39584 12000 12000 93478 93478 470280 196901 273379 83509 79967 70 3472 85337 34022 45395 5920 163182 14325 148857 39317 39317 28078 17971 10106 1 29401 9861 18190 1350 107111 102638 4473 424791 318593 106198 65215 65215 FILM EXPENSE 255434 254943 491 SUPPLIES EXPENSE 255215 207011 47550 654 FOOD PURCHASES 178164 164955 12325 884 REPAIRS AND MAINTENANCE 165787 114709 51078 438863 357407 65373 16083 7396361 4859222 1946545 590594 2622282 4800147 2241687 1500176 226831 668441 63818 45742 96325 132254 99300 69997 10803468 5904038 4559360 4899430 21121969 19221553 31031572 31337740 442861 725949 838926 987274 2401205 2319155 3682992 4032378 X 5953032 6360768 21395548 20944594 27348580 27305362 31031572 31337740 1843820 -1887038 0 X X 0 1 X 1 0 X 2251452 2702522 6250407 2490415 4235541 17930337 182371 138675 93738 22949068 952237 24316089 2433823 2841197 6344145 25439483 5187778 42246426 42246426 2025 1674 23614 3538 149 31000 -148178 13157 101437 81455 39918 87789 25087 10014 8339 43440 42408655 17710860 0.99620 0.99770 X PART II, LINE 9 LINE 9 WAS CORRECTED TO INCLUDE NET INCOME FROM UNRELATED BUSINESS ACTIVITIES FOR 2019, 2020, 2021 AND 2022. IN PRIOR YEARS, GROSS INCOME FROM UNRELATED BUSINESS ACTIVITIES WAS INCLUDED IN LINE 12, AND LINE 9 WAS LEFT BLANK. PART II, LINE 10 LINE 10 FOR 2021 WAS INCORRECTLY REPORTED IN PRIOR YEARS. THE ORIGINAL AMOUNT REPORTED WAS $14. THE CORRECTED AMOUNT IS $10,014. PART II, LINE 12 GROSS RECEIPTS FROM RELATED ACTIVITIES WAS CORRECTED TO REMOVE GROSS INCOME FROM UNRELATED BUSINESS ACTIVITIES IN 2019 THROUGH 2022. THE ORIGINAL AMOUNTS REPORTED FOR LINE 12 WERE $3,794,434, $1,464,209, $3,242,790, AND $4,415,617 FOR 2019 THROUGH 2022, RESPECTIVELY. THE CORRECTED AMOUNTS COMPRISING LINE 12 ARE $3,274,630, $1,392,119, $3,251749, AND $4,721,756, FOR 2019 THROUGH 2022 RESPECTIVELY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 12000 12000 0 PART II-B, LINE 1: THE ORGANIZATION HIRED A LOBBYIST TO ADVOCATE ON ITS BEHALF WITH ELECTED STATE OFFICIALS. 0 0 1501610 1501610 2399601 461301 1938300 1191043 1135041 56002 2319431 1769382 550049 3391783 2538314 853469 4899430 SALES TAX RECEIVABLE 32777 OCCUPANCY RECEIVABLE 19169178 RIGHT OF USE ASSET 19598 19221553 X 10363265 959537 163547 1123084 9240181 0 9240181 10406483 2846575 163547 3010122 7396361 0 7396361 PART X, LINE 2: MARBLES KIDS MUSEUM IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3) OF THE IRC. IF APPLICABLE, PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES RELATED TO UNRECOGNIZED TAX POSITIONS ARE INCLUDED AS MISCELLANEOUS EXPENSES IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. THERE WERE NO INTEREST OR PENALTIES RECORDED IN THE FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. MARBLES' REVENUE FROM IMAX COMMERCIAL MOVIES AND CONCESSIONS ARE CONSIDERED UNRELATED BUSINESS INCOME. MARBLES FILES FEDERAL AND STATE CORPORATE INCOME TAX RETURNS AND RECORDS THE CORRESPONDING INCOME TAX PAYABLE AND EXPENSE FOR TAXES OWED ON THE UNRELATED BUSINESS INCOME IN THE FINANCIAL STATEMENTS. NO PAYMENTS WERE MADE AND NO EXPENSES WERE INCURRED FOR TAX OWED ON UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. MARBLES RECOGNIZES THE TAX BENEFIT FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. MARBLES HAS ANALYZED ITS TAX POSITIONS TAKEN FOR FILINGS WITH THE IRS. MARBLES BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON MARBLES' FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, MARBLES HAS NOT RECORDED ANY TAX ASSETS OR LIABILITIES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES, FOR UNCERTAIN INCOME TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 163,547. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 163,547. X X X X X X X 1 CAPITAL DEVELOPMENT SERVICES 915 W 4TH STREET SUITE 100 WINSTON SALEM NC 27101 RESEARCH & ADVICE ON CAPITAL CAMPAIGN 0 1219297 93478 1125819 1219297 93478 1125819 NC IMAGINATION BALL 288679 240621 48058 0 49324 40557 29814 BIG IDEA FORUM 56650 45039 11611 144 11960 20285 11463 345329 285660 59669 144 61284 60842 41277 163547 -103878 X X 0 0 0 0 0 0 0 0 0 JONATHAN FREDERICK CEO 202802 0 0 0 0 0 1743 0 15626 0 220171 0 0 0 BRITT THOMAS CHIEF ACTIVATION OFFICER 137700 0 0 0 0 0 2867 0 21745 0 162312 0 0 0 X AUCTION ITEMS 156 74561 COST X FOOD FOR EVENTS 5 23475 COST X SUPPLIES 2 6644 COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND VP OF FINANCE WILL DO THE INITIAL REVIEW OF THE FORM 990. FINAL REVIEW AND APPROVAL WILL BE WITH THE FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE ASKED ANNUALLY IF THEY ARE AWARE OF ANY POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OR EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION FOR THE CEO AND KEY EMPLOYEES. MARBLES RELIES ON SALARY SURVEYS AND RELEVANT INDUSTRY DATA OBTAINED FROM SOURCES SUCH AS THE ASSOCIATION OF CHILDREN'S MUSEUMS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 ALL DISCLOSURES ARE AVAILABLE AT OUR OFFICE AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.