2021-11-17T10:09:52-06:00 2021-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2020-07-01 411354181 Minnesota Children's Museum MINN 6512256000 10 West 7th Street St Paul MN 55102 Fola Tiamiyu Dir of Finance and Technology 6512256000 2021-11-15 1 Fola Tiamiyu 999009999 Kim Hunwardsen CPA P00484560 6122536500 2021-11-02 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Dianne Krizan 10 West 7th Street St Paul MN 55102 8173523 0 X www.mcm.org X 1979 MN Sparking children's learning through play 37 37 166 100 0 0 3526732 5052381 3885856 2508944 288580 605023 -9126 -27657 7692042 8138691 0 0 0 0 4617852 3903811 0 0 449263 4155543 2781597 8773395 6685408 -1081353 1453283 23109214 24452988 12457837 3975345 10651377 20477643 X Minnesota Children's Museum is dedicated to providing children with a fun, hands-on and stimulating environment to explore and discover. The museum helps to instill a lifelong love of learning by nurturing the real-world skills children need to become engaged citizens in the future. 0 0 4076954 1745578 Experience and Outreach: Play is critical, as it builds bodies and brains. Minnesota Children's Museum's experience and outreach includes all aspects of championing the power of play in our community and providing a high-quality visitor experience at the museum. This includes admissions, memberships, field trips and other group events, special programming, safety, operations, evaluation, community partnerships, access programs, parent resources, and other work to support and encourage playful learning both at the Museum and beyond the walls.At the Museum, the mission is sparking children's learning through play. Statement continued on Schedule O.The museum's vision for the community is: Kids play more. Adults do, too. All families thrive as a happier, healthier and more innovative community through the radiant power of play.The Museum serves the community as a welcoming space for all families to engage in playful learning. Core to the Museum's mission is providing open-ended play experiences that not only delight children, but also help instill a lifelong love of learning by nurturing real-world skills children need. The Museum encourages parents to support their children's playful learning to maximize skill development in the critical early childhood years. There is a strong commitment to ensure all families have access to the museum through the Play for All access program and efforts to improve the Museum's impact with families facing adversities through community partnerships. Free online resources for parents and caregivers are also available for all. Through this work, the Museum envisions a community that grows more inclusive as families play together and learn from each other.The Museum operates eleven galleries developed with the latest research in playful learning. The Museum is the leading producer of traveling exhibits for the children's museum industry, reaching hundreds of thousands of visitors annually. The Museum's current portfolio consists of 12 active exhibits, which are rented to children's museums, science museums, and other family-serving entities across North America. The Museum's traveling exhibit program leverages the museum's core strength of producing engaging exhibits that foster children's learning.The pandemic took a serious toll on Minnesota Children's Museum. The museum was forced to close twice -- once from March 2020 into August 2020 and again from November 2020 into January 2021 -- periods that coincided with the museum's busiest attendance seasons. Upon reopening each time, the museum coped with state-mandated capacity restrictions and audience hesitancy that severely reduced attendance and revenue. Total attendance in FY21 was 89,000 visitors, compared to 450,000 in FY19 (the most recent complete fiscal year prior to the pandemic). The base of paid member families declined from 15,150 in FY19 to 7,450 in FY21.The organization made necessary but difficult choices to cut expenses. The museum laid off valued staff, eliminated programs serving youth volunteers, scaled back initiatives focused on families in need, and delayed improvements to experiences. The museum also sought and received government aid and initiated an emergency fundraising campaign, efforts that have helped the organization survive the first 18 months of the pandemic. 764318 763366 Traveling Exhibit Production & Design: Includes exhibit maintenance for active exhibits on tour throughout North America, along with the design and production of new exhibits to build the museum's portfolio of traveling exhibits. 4841272 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 35 0 1 166 1 0 0 0 0 0 0 0 0 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X Fola Tiamiyu 6512256041 10 West 7th Street St Paul MN 55102 Dianne Krizan President 32.00 8.00 X 208291 0 31751 Joseph Olson VP of Museum Experience 40.00 0.00 X 118919 0 18370 Robert Ingrassia VP of External Relations 40.00 0.00 X 121388 0 10004 Barbara Hahn- until 73120 VP of Learning Innovation 40.00 0.00 X 113354 0 29077 Craig Warren - VP of Ent Solutions- until Oct 2020 32.00 8.00 X 107151 0 17881 Briana Geurink VP of Philanthropy 40.00 0.00 X 109863 0 3704 Fola Tiamiyu-Dir of Finance & Technology - started Dec 2020 32.00 8.00 X 6462 0 0 Michael Fiddelke Chair of the Board 1.20 0.00 X X 0 0 0 Suzette Huovinen Treasurer 1.20 0.00 X X 0 0 0 Kate McRoberts Secretary 1.20 0.00 X X 0 0 0 Adrian Chiu Director 1.20 0.00 X 0 0 0 Albino Feijo Director 1.20 0.00 X 0 0 0 Andrea Piepho Director 1.20 0.00 X 0 0 0 Ann Ferreira Director 1.20 0.00 X 0 0 0 Cassidy Steiner Director 1.20 0.00 X 0 0 0 Chris Kelley Director 1.20 0.00 X 0 0 0 Debra Bauler Director 1.20 0.00 X 0 0 0 Drew Zinkel Director 1.20 0.00 X 0 0 0 Elizabeth Cummings Director 1.20 0.00 X 0 0 0 Elizabeth Rominski Director 1.20 0.00 X 0 0 0 Gail Peterson Director 1.20 0.00 X 0 0 0 Gerald Denson Director 1.20 0.00 X 0 0 0 Hayley Cunningham Tang Director 1.20 0.00 X 0 0 0 HT Fish Director 1.20 0.00 X 0 0 0 James Momon Director 1.20 0.00 X 0 0 0 Jennifer Bratton Director 1.20 0.00 X 0 0 0 Jim Mulrooney Director 1.20 0.00 X 0 0 0 Jim Mancini Director 1.20 0.00 X 0 0 0 Julie Joyce Director 1.20 0.00 X 0 0 0 Katharine Tinucci Director 1.20 0.00 X 0 0 0 Kelly Axtell Director 1.20 0.00 X 0 0 0 Kevin Balon Director 1.20 0.00 X 0 0 0 Krista Hagen Director 1.20 0.00 X 0 0 0 Liz Deziel Director 1.20 0.00 X 0 0 0 Liz Revnew Wolf Director 1.20 0.00 X 0 0 0 Matt Brown Director 1.20 0.00 X 0 0 0 Michael Kaphing Director 1.20 0.00 X 0 0 0 Pilar Oppedisano Director 1.20 0.00 X 0 0 0 Robert Befidi Director 1.20 0.00 X 0 0 0 Robert Wollan Director 1.20 0.00 X 0 0 0 Steve Mog Director 1.20 0.00 X 0 0 0 Tim Noel Director 1.20 0.00 X 0 0 0 Tony Brown Director 1.20 0.00 X 0 0 0 Will Au-Yeung Director 1.20 0.00 X 0 0 0 785428 0 110787 5 0 1 0 KidZibits Inc 795 Vandalia St St Paul MN 55114 Exhibit Fabricators 331496 McCracken Manzey Construction PO Box 390114 Edina MN 55439 Consulting 312523 Luckey LLC PO Box 871 Killingworth CT 06419 Exhibit Fabricators 137500 Vstar Entertainment Group LLC 44 Northern Stack Dr Suite 200 Minneapolis MN 55421 Exhibit Fabricators 116839 4 592034 2017811 2442536 156214 5052381 Memberships 712110 979975 979975 Exhibit Rentals and Sa 712110 763366 763366 Museum Admissions 712110 537427 537427 Parties & Events Reven 712110 21025 21025 Education & Groups 712110 50 50 207101 207101 2508944 83991 83991 442232 78800 0 0 442232 78800 521032 521032 7175 592034 34832 -27657 -27657 8138691 2508944 0 577366 398262 67560 263142 67560 2660769 2033026 356651 271092 51423 39838 6817 4768 256502 227240 1909 27353 536855 425714 80523 30618 6582 5576 979 27 42650 5250 37400 20000 20000 34727 34727 355021 99156 242886 12979 58828 45117 11968 1743 93897 84554 2008 7335 53018 41710 10827 481 850347 735526 104466 10355 8976 8876 100 17505 11863 4568 1074 765927 643826 122088 13 73684 73684 Supplies 179710 175319 1208 3183 Fees/Permits/License 114768 86332 18711 9725 Exhibit Rental/Construc 80000 80000 25957 24789 311 857 6685408 4841272 1394873 449263 2334457 2873534 706461 829702 719122 1260454 39238 26212 181699 148248 14070566 7007945 7765747 7062621 4534690 5424417 6827800 6827800 23109214 24452988 691060 656034 2552604 1969002 0 1353055 1108855 7861118 241454 12457837 3975345 X 8254806 17776485 2396571 2701158 10651377 20477643 23109214 24452988 X 1453283 817147 7555836 X 0 1 X 1 0 X 2976414 3097152 3042962 3526732 5052381 17695641 2976414 3097152 3042962 3526732 5052381 17695641 1530885 16164756 209049 367571 442471 220685 83991 1323767 19019408 19894338 0.84990 0.93430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 20000 0 20000 0 6665408 0 6685408 0 484270 0 121068 0 0 0 616092 618459 484270 1718821 2578232 21667 20000 20000 61667 154023 154615 121068 429706 644559 4345990 1308427 230000 5424417 4620620 -44630 230000 4345990 4650914 243759 231886 42167 4620620 4615829 270968 192800 43083 4650914 4409618 438673 190994 41468 4615829 0.58110 0.41890 0.00000 0 0 563829 374130 189699 542396 393134 149262 12964341 6240681 6723660 7062621 Leveraged loan receivable 6827800 6827800 MCM Holdings payable 241454 241454 X 8989132 817147 33189 850336 8138796 34727 -34832 -105 8138691 6718702 33189 34832 68021 6650681 34727 34727 6685408 Part V, Line 4: The endowment funds are used to support program services of the Children's Museum based on board appropriation subject to policy limitations. Part X, Line 2: The Museum believes it has appropriate support for any tax positions taken affecting their annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. MCM would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. MCM's Form 990-T and other income tax filings required by state, local, or non-U.S. tax authorities are no longer subject to tax examination for the years before 2018. Part XI, Line 4b - Other Adjustments: Fundraising expenses included in revenue for Form 990 -34,832. Part XII, Line 2d - Other Adjustments: Fundraising expenses included in revenue for Form 990 34,832. Gala 599209 592034 7175 5676 3661 1400 24095 2 599209 592034 7175 5676 3661 1400 24095 34832 -27657 X X 0 0 0 0 0 0 0 0 0 Dianne Krizan President 156291 0 52000 0 0 0 6595 0 25417 0 240303 0 0 0 X 4 32281 Fair Market Value X Toys 1 100000 Thrift Store Value X Supplies 23 23933 Purchase price 0 0 1 0 Part I, Column (b): The number of contributions are reported in Part I, column (b). Form 990, Part VI, Section A, line 1 By resolution approved by the affirmative vote of a majority of the directors present at a meeting of the board of directors, the board of directors may designate five or more directors to constitute an executive committee. The president, even though a nonvoting member of the committee, may be one of five committee members if so designated by the board of directors. The executive committee shall act only during intervals between meetings of the board of directors. During such intervals and subject at all times to the direction and control of the board of directors, the executive committee shall have and may exercise all of the authority and powers of the board of directors in the management of the business of the corporation subject to such limitations as the board of directors may impose from time to time. Unless specifically authorized by the board of directors by resolution approved by affirmative vote of a majority of directors present at a meeting of the board of directors, the executive committee shall not have the authority and power to elect officers, to amend the Articles of Incorporation, to adopt a plan of merger or consolidation, to authorize the sale or other disposition of all or substantially all of the property and assets of the corporation, to authorize a voluntary dissolution of the corporation or a revocation thereof, or to amend these Bylaws. The president of the corporation shall, during his or her respective term as such officer, be an ex officio non-voting member of the executive committee, with all of the other rights and privileges of the other members except those of and pertaining to term of office. Form 990, Part VI, Section B, line 11b The Organization's Form 990 is prepared by an independent accounting firm and reviewed by the Finance Director and the Board of Director's Finance Committee prior to filing. The Board receives a copy of the Form 990 prior to filing. Form 990, Part VI, Section B, line 12c All policies, including the conflict of interest policy, are reviewed on an annual basis. The conflict of interest policy requires all officers, directors, and key employees to sign a conflict of interest disclosure form annually. If a conflict is present, the member will not be present during discussions and must abstain from vote. Any existing conflicts are to be documented in the meeting minutes. Form 990, Part VI, Section B, line 15a The Executive Committee determines the compensation of the President on an annual basis. A comparability study and/or other resource is used as needed to determine appropriate levels of compensation. Sources used for comparability studies in support of these reviews included American Alliance of Museums, Robert Half, and O'Net. The process and determination is documented in the personnel file. The process for other officers is the same as above other than approved by the President rather than the Executive Committee. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: Net asset transfer from MCM Holdings 7,555,836. MCM Holdings 10 West 7th Street St Paul MN 55102 475564727 Support Minnesota Children's Museum MN 501(c)(3) Line 12a, I Minnesota Children's Museum 1 0 0 0 1 0 0 0 0 0 0 1 1 0 1 1 0 0 1 0 MCM Holdings K 428474 Actual Cost MCM Holdings R 7555836 Net asset transfer