2012-08-31T16:34:12-05:00 2011-12-31 470677245 HBE BECKER MEYER LOVE LLP 7140 STEPHANIE LANE PO BOX 23110 LINCOLN NE 685423110 990 2011-01-01 470716636 LINCOLN CHILDRENS MUSEUM LINC 4024770128 1420 P ST LINCOLN NE 68508 DARREN MACFEE 4024770128 2012-06-07 1 PATRICK A MEYER CPA CFE P00283870 4024234343 2012-06-07 2011 2016-02-24 21:20:13Z DARREN MACFEE 1420 P ST LINCOLN NE 68508 1556298 0 X WWW.LINCOLNCHILDRENSMUSEUM.ORG X 1987 NE THE LINCOLN CHILDREN'S MUSEUM PROVIDES A UNIQUE SETTING FOR CHILDREN AND THEIR CAREGIVERS TO LEARN THROUGH DISCOVERY AND ACTIVE EXPERIMENTATION. 18 18 59 964 0 0 1063496 913362 406368 423424 101123 36870 147589 103750 1718576 1477406 0 0 0 0 588830 619428 0 0 98498 572858 493344 1161688 1112772 556888 364634 5819568 6169038 152734 155181 5666834 6013857 THE LINCOLN CHILDREN'S MUSEUM INVITES CHILDREN TO CREATE, DISCOVER AND LEARN THROUGH THE POWER OF PLAY. 0 0 791551 526857 PROVIDE AN EDUCATIONAL SETTING WHEREBY CHILDREN CAN LEARN ABOUT THE NATURAL, SCIENTIFIC AND CULTURAL ASPECTS OF THE WORLD THROUGH HANDS-ON EXPERIENCES AND EXHIBITS. 791551 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 59 1 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DARREN MACFEE 4024774000 1420 P STREET LINCOLN NE LINCOLN NE 68508 DARREN MACFEE 40.00 X 63189 0 8155 KEVIN CLARK 1.00 X X 0 0 0 TREY PITTINGER 0.50 X X 0 0 0 TRACY SANFORD 1.00 X X 0 0 0 ANDY FRAHM 1.00 X X 0 0 0 MATT BERGMEYER 0.50 X 0 0 0 NICK BOCK 0.50 X 0 0 0 SCOTT CLAYCOMB 0.50 X 0 0 0 NILS GUSTAFSON 0.50 X 0 0 0 JAIME HEMMERLING 0.50 X 0 0 0 MARGIE HOBELMAN 0.50 X 0 0 0 J HOFFMAN 0.50 X 0 0 0 CARY KLINE 0.50 X 0 0 0 AMIE MARTINEZ 0.50 X 0 0 0 GREER MCCURLEY 0.50 X 0 0 0 SANDY MEYERS 0.50 X 0 0 0 MONTE OLSON 0.50 X 0 0 0 KIM TUCKER 0.50 X 0 0 0 TARA WEST 0.50 X 0 0 0 63189 0 8155 0 0 0 0 0 241495 671867 913362 ADMISSIONS 900099 300448 300448 PROGRAM FEES 900099 122976 122976 423424 37187 37187 71727 25991 45736 45736 45736 317 -317 -317 -317 88012 52584 35428 35428 22586 22586 22586 1477406 526857 0 37187 71344 17835 35673 17836 447123 290976 98557 57590 60896 39472 13533 7891 40065 24085 10218 5762 6750 6750 27217 27217 40370 40370 28322 8497 19825 1780 1780 48406 41145 7261 1140 1140 3775 3775 168230 142996 25234 36074 36074 PROGRAM EXPENSES 32017 32017 REPAIRS AND MAINTENANCE 24103 24103 MISCELLANEOUS 17571 14935 2636 EXHIBIT EXPENSES 15777 15777 41812 31137 1256 9419 1112772 791551 222723 98498 X 102226 97425 96113 382415 547021 532334 12976 6043 25359 23782 24852 23005 6755625 3069068 3612464 3686557 1398557 1417477 5819568 6169038 49996 38906 102738 116275 152734 155181 X 5052430 5065973 614404 947884 5666834 6013857 5819568 6169038 X 364634 -17611 X X 0 1 1 X 0 X 715456 483296 483823 1063497 913362 3659434 347719 341037 373192 406371 423424 1891743 1063175 824333 857015 1469868 1336786 5551177 0 0 0 5551177 44561 42919 33405 159875 108914 389674 44561 42919 33405 159875 108914 389674 128954 140115 46742 58014 373825 1236690 1007367 890420 1676485 1503714 6314676 0.87910 0.87300 0.06170 0.05080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1420988 18921 14897 1425012 1288535 170453 38000 1420988 1085592 235141 32198 1288535 1478109 -344282 48235 1085592 1.00000 0 0 156500 156500 4329714 1193553 3136161 208714 168658 40056 2060697 1706857 353840 3686557 1477406 1112772 364634 -17611 -17611 347023 1866619 -17611 380515 26309 389213 1477406 0 1477406 1519596 380515 26309 406824 1112772 0 1112772 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE BOARD OF DIRECTORS HAS ESTABLISHED A FUND AT THEIR DIRECTION, TO BE HELD AND MANAGED AS A PERMANENT ENDOWMENT FOR THE SOLE BENEFIT OF THE LINCOLN CHILDREN'S MUSEUM. THE BOARD MAY, AT ITS DISCRETION, MAKE ADDITIONS TO THE FUND FROM TIME TO TIME AS THEY SEE FIT. THE BOARD HAS ESTABLISHED AN ENDOWMENT COMMITTEE TO OVERSEE PRUDENT INVESTMENT OF THIS FUND. WITHDRAWALS FROM THE FUND SHALL BE LIMITED TO EXHIBIT REPAIR, MAINTENANCE, RENOVATION AND MAJOR BUILDING REPAIRS. REQUEST FOR FUNDS SHALL BE MADE BY THE EXECUTIVE COMMITTEE OF THE BOARD, ENDORSED BY A TWO-THIRDS VOTE OF THE BOARD OF DIRECTORS, AND THEN SENT TO THE ENDOWMENT COMMITTEE FOR APPROVAL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: LINCOLN CHILDRENS MUSEUM IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. FOR THE YEAR ENDED DECEMBER 31, 2011, THE MUSEUM HAD NO TAX LIABILITY ON UNRELATED BUSINESS ACTIVITY. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL DEPRECIATION 25,991. LOSS ON DISPOSAL OF ASSET 318. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL DEPRECIATION 25,991. LOSS ON DISPOSAL OF ASSET 318. FORM 990, PART VI, SECTION B, LINE 11 THE FOR 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS IN ELECTRONIC FORMAT. MEMBERS OF THE BOARD ARE GIVEN AN APPROPRIATE AMOUNT OF TIME FOR REVIEW AND COMMENT. AT THE EXPIRATION OF THIS TIMEFRAME, THE FORM IS FILED WITH THE INTERNAL REVENUE SERVICE. CONCERNS BROUGHT FORTH DURING THE REVIEW PERIOD WILL BE ADDRESSED TO THE SATISFACTION OF THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH A DIRECT OR INDIRECT FINANCIAL INTEREST HAS A DUTY TO DISCLOSE SUCH INTEREST. ONCE DISCLOSED, THE BOARD OF DIRECTORS ADDRESSES THE POTENTIAL CONFLICT ACCORDING TO THE PROCEDURES SET FORTH IN THE CONFLICT OF INTEREST POLICY. VIOLATIONS OF THE POLICY, INCLUDING FAILURE TO DISCLOSE, ARE GROUNDS FOR CORRECTIVE ACTION. MEMBERS OF THE GOVERNING BOARD ARE REQUIRED TO ACKNOWLEDGE RECEIPT AND PLEDGE ADHERENCE TO THE POLICY AT LEAST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 ALL PAID POSITIONS AT THE LINCOLN CHILDREN'S MUSEUM ARE BENCHMARKED AGAINST THE COMPENSATION AND BENEFITS SURVEY PUBLISHED BY THE ASSOCIATION OF CHILDREN'S MUSEUMS (ACM), MOST RECENTLY PUBLISHED IN 2006. THE RANGES FOR EACH POSITION ARE EXPECTED TO FALL BETWEEN THE 25TH AND 75TH PERCENTILE OF ORGANIZATIONS SIMILAR IN SIZE AND SCOPE TO THE LINCOLN CHILDREN'S MUSEUM. IF POSITIONS ARE FOUND TO BE BELOW THIS RANGE, A MARKET ADJUSTMENT IS PERFORMED TO ENSURE A FAIR AND COMPETITIVE COMPENSATION PACKAGE IS GIVEN TO STAFF. ANNUAL REVIEWS ARE CONDUCTED TO EACH PAID STAFF POSITION AND MERIT RAISES OF 1% TO 4% ARE AWARDED TO THE EXTENT WARRANTED. THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS SUBJECT TO THE SAME PARAMETERS AS DESCRIBED ABOVE AND IS REVIEWED IN JULY OF EACH YEAR BY THE BOARD OF DIRECTORS. NO OFFICERS ARE COMPENSATED FOR THEIR DUTIES ON BEHALF OF THE LINCOLN CHILDREN'S MUSEUM. FORM 990, PART VI, SECTION C, LINE 19 IN THE INTEREST OF TRANSPARENCY TO COMMUNITY STAKEHOLDERS AND DONORS, THE MUSEUM WILLINGLY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND IRS FORM 990 AVAILABLE FOR PUBLIC REVIEW THROUGH THE FOLLOWING PROCESS: 1. INTERESTED PERSONS SHALL CONTACT THE EXECUTIVE DIRECTOR TO SCHEDULE AN APPOINTMENT TO REVIEW DOCUMENTS. IN MAKING SUCH CONTACT, INTERESTED PERSONS SHALL CLEARLY IDENTIFY THEMSELVES AND MAKE KNOWN THE INTENT UNDER WHICH THEY ARE MAKING SUCH A REQUEST. 2. AT THE APPOINTED TIME, EXECUTIVE DIRECTOR WILL MAKE REQUESTED DOCUMENTS AVAILABLE TO THE INTERESTED PERSON(S) AND MAKE HIMSELF/HERSELF AVAILABLE TO SAID PERSON(S) DURING THE ENTIRETY OF THE REVIEW TO ANSWER ANY QUESTIONS OR PROVIDE ADDITIONAL POINTS OF CLARIFICATION IF NEEDED. 3. INTERESTED PARTIES MAY REQUEST COPIES OF ANY OR ALL OF SAID DOCUMENTS DURING, BUT NOT IN LIEU OF, THE APPOINTED TIME. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -17,611. FORM 990, PART XI, LINE 2C: THERE HAVE BEEN NO CHANGES IN THE AUDIT COMMITTEE REVIEW PROCESS FROM THE PRIOR YEAR.