Mississippi Children's Museum meets the 20 Standards for Charity Accountability.
Mississippi Children?s Museum (MCM) is a 40,000 square foot museum offering hands-on, engaging exhibits and programs focusing on literacy, STEAM (science, technology, engineering, art, and math), health and nutrition, cultural arts, and Mississippi heritage to help children mature into healthy and productive adult learners. The organization reports that it aims to empower and inspire Mississippi's children to discover their potential by tapping into their curiosity and creativity.
For the year ended May 31, 2021, Mississippi Children's Museum's program expenses were:
Exhibits and facilities |
$1,792,644 |
Education |
$742,286 |
Retail |
$433,207 |
External affairs |
$341,754 |
Special events |
$103,885 |
Total Program Expenses: |
$3,413,776 |
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Chief Executive
Susan Garrard, President and Chief Executive Officer
-
Compensation*
$149,464
-
Chair of the Board
Beth Hansen
-
Chair's Profession / Business Affiliation
Chief Executive Officer, Mississippi REALTORS
-
Board Size
21
-
Paid Staff Size
91
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Membership appeals, Print advertisements (newspapers, magazines, etc.), Radio
Fundraising costs were 6% of related contributions. (Related contributions, which totaled $3,456,254, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Mississippi Children's Museum's audited financial statements - consolidated for the year ended May 31, 2021.
Source of Funds |
Contributions |
$2,346,072 |
Grants |
$539,225 |
Admissions |
$455,705 |
Educational program sponsorship |
$414,251 |
Events |
$333,657 |
Memberships |
$237,300 |
Retail sales |
$193,663 |
Investment income |
$112,707 |
Facility rentals |
$80,445 |
Other income |
$47,282 |
Total Income |
$4,760,307 |
- Programs: 83%
- Administrative: 12%
- Fundraising: 5%
Total Income |
$4,760,307 |
Program expenses |
$3,413,776 |
Fundraising expenses |
$207,718 |
Administrative expenses |
$528,477 |
Other expenses |
$0 |
Total expenses: |
$4,149,971 |
Income in Excess of Expenses |
$610,336 |
Beginning Net Assets |
$33,652,916 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$34,263,252 |
Total Liabilities |
$23,070,172 |
Total Assets |
$57,333,424 |
Note: According to MCM’s audited financial statements for the year ended May 31, 2020, the organization received in-kind contributions of $161,325 in materials, supplies and other.