2026-05-07T07:33:32-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-07-01 581647538 MARBLES KIDS MUSEUM MARB 9198344040 201 EAST HARGETT STREET RALEIGH NC 27601 JONATHAN FREDERICK CEO 9198344040 2026-05-04 1 1 KATHRINE A WARLICK P02065266 7049985200 2026-05-04 2024 2025-03-06 01:10:19Z JONATHAN FREDERICK 201 EAST HARGETT STREET RALEIGH NC 27601 13523986 0 X WWW.MARBLESKIDSMUSEUM.ORG X 2007 NC MARBLES SPARKS IMAGINATION, DISCOVERY, AND LEARNING THROUGH PLAY. 30 30 169 853 676097 0 4235541 7753009 4658103 4832162 149 12295 346388 372025 9240181 12969491 0 6300 0 0 4461615 4804832 93478 36360 662946 2841268 3290587 7396361 8138079 1843820 4831412 31337740 33879221 4032378 3708176 27305362 30171045 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 5346312 6300 4622174 IN FY2024-2025 (FY25), MARBLES WELCOMED ALMOST 544,000 VISITORS FROM ALL 50 STATES, 98 NORTH CAROLINA COUNTIES AND EVERY CORNER OF WAKE COUNTY TO EXPERIENCE THE POWER OF PLAY. HIGHLIGHTS INCLUDE OPENING THE MARBLES PLAYWAY, A JOYFUL COMMUNITY SPACE THAT BRINGS KIDS AND FAMILIES TOGETHER TO CONNECT WITH NATURE AND EACH OTHER. THIS COLORFUL URBAN OASIS WELCOMES MARBLES GUESTS AND DOWNTOWN VISITORS ALIKE TO AN ACCESSIBLE, FREE-TO-ALL DESTINATION IN THE HEART OF RALEIGH. MARBLES IN-HOUSE EXHIBITS TEAM DESIGNED, FABRICATED AND INSTALLED TWO CUSTOM CLIMBING STRUCTURES A DRAGONFLY AND A BEE TO ENCOURAGE KIDS TO KEEP THEIR BODIES AND IMAGINATIONS ACTIVE. CONTINUED ON SCHEDULE OTHE MARBLES PLAYWAY EARNED TWO HONORS FOR ITS IMPACT ON DOWNTOWN RALEIGH A 2025 DRA IMPRINT AWARD AND THE SIR WALTER RALEIGH AWARD FOR COMMUNITY APPEARANCE. MARBLES ALSO SUCCESSFULLY CONCLUDED OUR FIRST-EVER CAPITAL CAMPAIGN, BIGGER PLAY, BRIGHTER FUTURES, WITH MORE THAN $9.1 MILLION RAISED. WITH CAMPAIGN FUNDS, MARBLES WILL ADD NEW INDOOR AND OUTDOOR EXHIBITS, ENHANCE GUEST AMENITIES AND LAUNCH THE MARBLES IMPACT FUND TO SUPPORT FUTURE SUSTAINABILITY. 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 FY25, MARBLES KIDS MUSEUM SERVED ALMOST 544,000 VISITORS ACROSS CAMPUS AND WELCOMED OVER 50,100 FIELD TRIP PARTICIPANTS IN PRESCHOOL THROUGH 8TH GRADE. 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. CAMP MARBLES ENGAGED MORE THAN 3,000 KIDS IN FUN, INTERACTIVE LEARNING AND PLAY THROUGH CREATING, BUILDING, AND EXPERIMENTING. MARBLES ACCESS AND OUTREACH PROGRAMS PROVIDED OVER 50,900 FREE AND REDUCED RATE MUSEUM VISITS IN FY25 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 FY25 MARBLES WON THE ASSOCIATION OF SCIENCE AND TECHNOLOGY CENTERS' ROY L SHAFER LEADING EDGE AWARD FOR MARBLES' UNDER THE WAVES EXHIBIT (SEPTEMBER 2024). 5346312 1 1 0 0 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 31 0 1 169 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 30 30 0 0 1 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 ERICKA SANTOS VICE CHAIR 1.00 X X 0 0 0 LENNIE AUSTIN TREASURER & FINANCE CHAIR 1.00 X X 0 0 0 SHARON CRAWFORD SECRETARY & DEVELOPMENT CHAIR 1.00 X X 0 0 0 KRISTINE LANE COMMUNICATIONS CHAIR 1.00 X 0 0 0 JEANE WHITTINGTON POWERS FACILITIES CHAIR 1.00 X 0 0 0 SARAH MORGAN LEARNING CHAIR 1.00 X 0 0 0 TREY ADAMS 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 KELLI BRAUNBACH DIRECTOR 1.00 X 0 0 0 STACEY BUESCHER 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 DAWN DAWSON DIRECTOR 1.00 X 0 0 0 MIKE FORMAN DIRECTOR 1.00 X 0 0 0 DEANNA HAWKES DIRECTOR 1.00 X 0 0 0 SHIRLEY HUANG 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 WENDY KASZAK DIRECTOR 1.00 X 0 0 0 NAEILL LEIGH DIRECTOR 1.00 X 0 0 0 DANA MARTINEZ DIRECTOR 1.00 X 0 0 0 JENNIFER PITTMAN 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 JONATHAN FREDERICK CEO 40.00 X 206870 0 22142 APRIL WARD VP, FINANCE 40.00 X 94379 0 25858 BRITT THOMAS CHIEF ACTIVATION OFFICER 40.00 X 141062 0 25528 HARDIN ENGELHARDT CHIEF LEARNING OFFICER 40.00 X 102468 0 33602 544779 0 107130 3 0 1 0 0 900516 309149 1245509 5297835 160924 7753009 ADMISSION AND OTHER FEES 713990 4824124 4148027 676097 8038 8038 4832162 12295 12295 53995 309149 148079 -94084 -94084 872525 406416 466109 466109 12969491 4622174 676097 -81789 6300 6300 356724 97555 177939 81230 3694015 2564846 736521 392648 38207 22392 9906 5909 422389 319366 90862 12161 293497 218298 55331 19868 42864 42864 36360 36360 405870 127831 267999 10040 87848 87622 100 126 101887 50124 43352 8411 207858 20683 187043 132 41829 41829 31479 17672 13807 33214 9920 22658 636 99324 98808 516 579876 434084 145792 75910 1204 74706 FILM EXPENSE 345817 345817 SUPPLIES EXPENSE 284505 231660 52571 274 REPAIRS AND MAINTENANCE 222822 129695 93127 FOOD PURCHASES 203705 194313 9089 303 525779 368122 62809 94848 8138079 5346312 2128821 662946 4800147 6436327 1500176 950861 668441 1961553 45742 16977 132254 193493 69997 55376 13292311 6287862 4899430 7004449 19221553 17260185 31337740 33879221 725949 501622 987274 968554 2319155 2238000 4032378 3708176 X 6360768 7246887 20944594 22924158 27305362 30171045 31337740 33879221 4831412 -1965729 0 X X 0 1 X 1 0 X 2702522 6250407 2490415 4235541 7753009 23431894 138675 93738 22949068 952237 873547 25007265 2841197 6344145 25439483 5187778 8626556 48439159 48439159 1674 23614 3538 149 12295 41270 13157 101437 81455 39918 41972 277939 10014 8339 18353 48776721 19518816 0.99310 0.99620 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS OTHER INCOME - 2021 AMOUNT: $ 10,014. 2023 AMOUNT: $ 8,339. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1501610 1501610 2450293 543603 1906690 2527239 1153533 1373706 2356610 1710280 646330 4456559 2880446 1576113 7004449 SALES TAX RECEIVABLE 42140 OCCUPANCY RECEIVABLE 17203449 RIGHT OF USE ASSET 14596 17260185 X 13999517 881947 148079 1030026 12969491 0 12969491 11133834 2847676 148079 2995755 8138079 0 8138079 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, 2025 AND 2024, 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, 2025 AND 2024. 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, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 148,079. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 148,079. 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 4053015 36360 4016655 4053015 36360 4016655 NC IMAGINATION BALL 316220 270479 45741 373 48542 42306 23905 BIG IDEA FORUM 46924 38670 8254 157 9392 17784 5620 363144 309149 53995 530 57934 60090 29525 148079 -94084 X X X 0 0 0 0 0 0 0 0 0 JONATHAN FREDERICK CEO 201870 0 5000 0 0 0 4278 0 17864 0 229012 0 0 0 BRITT THOMAS CHIEF ACTIVATION OFFICER 138062 0 3000 0 0 0 2829 0 22699 0 166590 0 0 0 X AUCTION ITEMS 190 66183 COST X SUPPLIES 7 61900 COST X FOOD FOR EVEENTS 7 28841 COST X HOTEL ROOMS 1 3000 COST X FLIGHT VOUCHERS 1 1000 COST 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, THE VICE CHAIR, THE IMMEDIATE PAST CHAIR (IF SUCH IMMEDIATE PAST CHAIR IS STILL A DIRECTOR AFTER THE DIRECTOR'S TERM AS CHAIR), THE SECRETARY, THE TREASURER, THE CHAIRS OF EACH STANDING COMMITTEE, AND SUCH OTHER MEMBERS OF THE BOARD OF DIRECTORS AS MAY BE CHOSEN AT LARGE BY A MAJORITY OF THE FULL BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE PROVIDES ORGANIZATIONAL DIRECTION AND BOARD OVERSIGHT. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, IN THE INTERIM BETWEEN MEETINGS OF THE BOARD, AND EXCEPT AS OTHERWISE PROVIDED IN SECTION 6 OF THIS ARTICLE, ALL POWERS OF THE BOARD. MEETINGS OF THE EXECUTIVE COMMITTEE MAY BE CALLED BY OR AT THE REQUEST OF THE CHAIR OR BY TWO (2) OR MORE OF THE EXECUTIVE COMMITTEE MEMBERS. THE CHAIR SHALL BE THE CHAIRPERSON OF THE EXECUTIVE COMMITTEE AND SHALL PRESIDE AT ALL MEETINGS OF THE EXECUTIVE COMMITTEE. IN THE ABSENCE OF THE CHAIR, THE VICE CHAIR SHALL PRESIDE AT MEETINGS OF THE EXECUTIVE COMMITTEE. THE PRESENCE OF ONE-HALF (1/2) OF THE MEMBERS OF THE EXECUTIVE COMMITTEE AT A MEETING DULY ASSEMBLED SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. IN THE EVENT OF ANY VACANCY OCCURRING IN THE EXECUTIVE COMMITTEE BY DEATH, RESIGNATION, DISQUALIFICATION, OR OTHERWISE, THE VACANCY SHALL BE FILLED BY THE BOARD. POSITIONS FILLED FOR AN INTERIM PERIOD SHALL BE FOR THE BALANCE OF THE REMAINING TERM. FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR, THE ORGANIZATION AMENDED ITS BYLAWS TO UPDATE LANGUAGE TO BE GENDER INCLUSIVE. REVISIONS INCLUDED: ARTICLE I: ADDED LEGAL AUTHORITY OF THE ORGANIZATION AS A NONPROFIT ENTITY. ARTICLE III: ADDED MISSION, VISION & CERTAIN RESTRICTIONS AS A NONPROFIT ENTITY. ARTICLE V: I. SECTION 4 - CORRECTION OF ANNUAL MEETING TIMING; FREQUENCY OF MEETINGS. II. SECTIONS 8 & 9 - QUORUM & VOTING REVISIONS. III. SECTION 10 - ELECTRONIC VOTING AND REMOTE MEETINGS (I.E. VIA ZOOM). ARTICLE VI - OFFICERS I. SECTION 2 - VICE CHAIR CLARIFICATIONS RELATING TO ANNUAL ELECTION. II. SECTIONS 8, 9 & 10 - LANGUAGE REFLECTING OFFICER DUTIES. III. SECTION 12 - PROTOCOLS FOR THE ABSENCE OF THE CHAIR AT MEETINGS. ARTICLE VII EXECUTIVE TEAM; STANDING AND SPECIAL COMMITTEES I. SECTIONS 1-4 - SIGNIFICANT ADDITIONAL LANGUAGE TO CLARIFY ROLES OF EXECUTIVE TEAM AND COMMITTEES. 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. THE ORGANIZATION ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING THAT ANY CORPORATE TRANSACTION IN WHICH A DIRECTOR HAS A DIRECT OR INDIRECT INTEREST BE REVIEWED AND AUTHORIZED, APPROVED, OR RATIFIED IN GOOD FAITH BY A MAJORITY OF DISINTERESTED DIRECTORS, WITH A MINIMUM OF TWO SUCH DIRECTORS, EVEN IF LESS THAN A QUORUM IS PRESENT. NO CONFLICT RELATED TRANSACTION MAY BE APPROVED BY A SINGLE DIRECTOR. 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 2025. FORM 990, PART VI, SECTION C, LINE 19 ALL DISCLOSURES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.