Civic Intelligence

Brooklyn Children'S Museum Corporation

EIN 11-2495664 • 501(c)3 • Brooklyn, NY

Profile

Creates experiences that ignite curiosity, celebrate identity & cultivate joyful learning.

145 Brooklyn AvenueBrooklyn, NY 11213

www.brooklynkids.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.42x

Higher debt load relative to assets than 85% of similar nonprofits.

NTEE A • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.42x

Higher debt load relative to revenue than 76% of similar nonprofits.

NTEE A • $5M-$10M nonprofits • Source year 2024

Net Margin

45th percentile

4.0%

Higher net margin than 45% of similar nonprofits.

NTEE A • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$237,168

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

NTEE A • $5M-$10M nonprofits • Source year 2024

Asset Growth

70th percentile

8.6%

Faster asset growth than 70% of similar nonprofits.

NTEE A • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

-0.6%

Faster revenue growth than 35% of similar nonprofits.

NTEE A • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,548,667

Up $596,089 (+8.6%) from 2023

Liabilities

Down

$3,153,962

Down $662,908 (-17%) from 2023

Net Assets

Up

$4,394,705

Up $1,258,997 (+40%) from 2023

Revenue

Down

$7,490,491

Down $46,707 (-0.6%) from 2023

Expenses

Up

$7,193,672

Up $343,389 (+5.0%) from 2023

Net Income

Down

$296,819

Down $390,096 (-57%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2011: $9,340,384Liabilities 2011: $3,895,714Net Assets 2011: $5,444,6702011Assets 2012: $7,290,604Liabilities 2012: $4,704,667Net Assets 2012: $2,585,9372012Assets 2013: $5,760,119Liabilities 2013: $4,437,675Net Assets 2013: $1,322,4442013Assets 2014: $4,383,328Liabilities 2014: $4,928,661Net Assets 2014: -$545,3332014Assets 2015: $2,587,527Liabilities 2015: $4,801,111Net Assets 2015: -$2,213,5842015Assets 2016: $2,307,495Liabilities 2016: $5,203,331Net Assets 2016: -$2,895,8362016Assets 2017: $2,883,724Liabilities 2017: $4,560,479Net Assets 2017: -$1,676,7552017Assets 2018: $4,680,845Liabilities 2018: $4,325,682Net Assets 2018: $355,1632018Assets 2019: $4,896,982Liabilities 2019: $4,842,650Net Assets 2019: $54,3322019Assets 2020: $5,074,218Liabilities 2020: $5,788,840Net Assets 2020: -$714,6222020Assets 2021: $6,339,704Liabilities 2021: $4,906,753Net Assets 2021: $1,432,9512021Assets 2022: $6,384,198Liabilities 2022: $4,213,460Net Assets 2022: $2,170,7382022Assets 2023: $6,952,578Liabilities 2023: $3,816,870Net Assets 2023: $3,135,7082023Assets 2024: $7,548,667Liabilities 2024: $3,153,962Net Assets 2024: $4,394,7052024

Highlighted filing

2024

Assets$7,548,667
Liabilities$3,153,962
Net Assets$4,394,705

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $5,639,787Expenses 2011: $6,984,511Net Income 2011: -$1,344,7242011Revenue 2012: $5,638,742Expenses 2012: $7,579,203Net Income 2012: -$1,940,4612012Revenue 2013: $5,213,728Expenses 2013: $7,031,041Net Income 2013: -$1,817,3132013Revenue 2014: $5,130,109Expenses 2014: $6,597,912Net Income 2014: -$1,467,8032014Revenue 2015: $5,108,079Expenses 2015: $6,807,320Net Income 2015: -$1,699,2412015Revenue 2016: $4,938,787Expenses 2016: $5,401,026Net Income 2016: -$462,2392016Revenue 2017: $5,661,263Expenses 2017: $4,948,715Net Income 2017: $712,5482017Revenue 2018: $6,827,268Expenses 2018: $5,076,742Net Income 2018: $1,750,5262018Revenue 2019: $5,351,552Expenses 2019: $5,710,662Net Income 2019: -$359,1102019Revenue 2020: $5,779,819Expenses 2020: $5,371,835Net Income 2020: $407,9842020Revenue 2021: $5,454,664Expenses 2021: $4,382,015Net Income 2021: $1,072,6492021Revenue 2022: $6,705,945Expenses 2022: $5,648,010Net Income 2022: $1,057,9352022Revenue 2023: $7,537,198Expenses 2023: $6,850,283Net Income 2023: $686,9152023Revenue 2024: $7,490,491Expenses 2024: $7,193,672Net Income 2024: $296,8192024

Highlighted filing

2024

Revenue$7,490,491
Expenses$7,193,672
Net Income$296,819

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.55$3.15$4.39$7.49$7.19$0.30
2023Detailed filing. Detailed filing data is available for this year.$6.95$3.82$3.14$7.54$6.85$0.69
2022Detailed filing. Detailed filing data is available for this year.$6.38$4.21$2.17$6.71$5.65$1.06
2021Detailed filing. Detailed filing data is available for this year.$6.34$4.91$1.43$5.45$4.38$1.07
2020Detailed filing. Detailed filing data is available for this year.$5.07$5.79$0.71$5.78$5.37$0.41
2019Detailed filing. Detailed filing data is available for this year.$4.90$4.84$0.05$5.35$5.71$0.36
2018Detailed filing. Detailed filing data is available for this year.$4.68$4.33$0.36$6.83$5.08$1.75
2017Detailed filing. Detailed filing data is available for this year.$2.88$4.56$1.68$5.66$4.95$0.71
2016Summary only. Only limited summary data is available for this year.$2.31$5.20$2.90$4.94$5.40$0.46
2015Summary only. Only limited summary data is available for this year.$2.59$4.80$2.21$5.11$6.81$1.70
2014Summary only. Only limited summary data is available for this year.$4.38$4.93$0.55$5.13$6.60$1.47
2013Summary only. Only limited summary data is available for this year.$5.76$4.44$1.32$5.21$7.03$1.82
2012Summary only. Only limited summary data is available for this year.$7.29$4.70$2.59$5.64$7.58$1.94
2011Summary only. Only limited summary data is available for this year.$9.34$3.90$5.44$5.64$6.98$1.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 23, 2025
Return Version
2023v6.0
Gross Receipts
$8,090,309
Mission and Program Overview

Mission

Creates experiences that ignite curiosity, celebrate identity & cultivate joyful learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,002,835$2,529,757▲ $526,922
Land, Buildings, and Equipment, Net$1,311,983$1,594,065▲ $282,082
Savings and Temporary Cash Investments$1,218,064$1,147,701▼ $70,363
Pledges and Grants Receivable$1,175,742$1,093,122▼ $82,620
Cash and Non-Interest-Bearing Accounts$1,147,715$1,067,488▼ $80,227
Prepaid Expenses and Deferred Charges$96,239$116,534▲ $20,295
Total Assets$6,952,578$7,548,667▲ $596,089
Liabilities
Other Liabilities$2,817,126$2,168,356▼ $648,770
Mortgage Notes Payable Secured by Investment Property$307,418$504,522▲ $197,104
Accounts Payable and Accrued Expenses$560,516$408,336▼ $152,180
Deferred Revenue$131,810$72,748▼ $59,062
Total Liabilities$3,816,870$3,153,962▼ $662,908
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,262,937$3,729,039▲ $466,102
Net Assets Without Donor Restrictions$-127,229$665,666▲ $792,895
Total Net Assets Fund Balance$3,135,708$4,394,705▲ $1,258,997
Total Liabilities and Net Assets / Fund Balance$6,952,578$7,548,667▲ $596,089

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,535,067$9,367,697$10,902,764
Equipment$58,998$1,211,175$1,270,173
Leasehold Improvements$0$1,036,560$1,036,560

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$3,262,937$549,880▲ $543,466$627,244$3,729,039
2022$2,971,470$606,483▲ $261,573$576,589$3,262,937
2021$2,954,792$697,984▼ $157,727$523,579$2,971,470
2020$2,364,079$553,433▲ $425,520$388,240$2,954,792
2019$2,170,909$500,099▲ $75,412$382,341$2,364,079
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Atiba EdwardsPresident & CEOFT$224,908$12,260$237,168
Stephanie Hill WilchfortFormer President & Former CEOFT$174,809$23,293$198,102
Hana ElwellVP of Exhibits and EducationFT$130,759$31,695$162,454

Highest Paid Contractors

ContractorServicesLocationCompensation
Ncheng LLPAccounting & Finance40 WALL STREET, New York, NY 10005$440,640
New Project LLCFabrication Services223 25TH STREET, Brooklyn, NY 11232$227,613
Complete Restoration CorpContracting Services37 NORTHERN BLVD, Staten Island, NY 10301$153,425
Advance Nyc INCGrant Writing ServicesPO BOX 445, Pleasantville, NY 10570$150,700
Revenue and Support

Revenue Composition

Contributions and Grants
$5,184,953
Program Service Revenue
$1,765,189
Investment Income
$146,704
Other Revenue
$393,645
All Other Contributions
$763,474
Change in Net Assets
$296,819

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,467,063
Revenue Not Reported on Financial Statements
$23,428
Revenue Not Reported on Form 990
$420,464
Total Revenue per Audited Statements
$7,887,527
Total Revenue per Form 990
$7,490,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,026,278
Other Expenses$3,167,394
Total Fundraising Expense$544,073
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,434,168$114,446$197,009$2,745,623
Fees for Services Other$601,281$80,921$158,922$841,124
Other Employee Benefits$614,158$28,876$49,707$692,741
Office Expenses$493,723$96,420$13,857$604,000
Fees for Services Accounting-$490,009-$490,009
Current Officers, Directors, Trustees, and Key Employees$292,648$13,759$23,685$330,092
Other Expenses$171,659$71,369$71,551$314,579
Insurance-$296,720-$296,720
Payroll Taxes$228,575$10,747$18,500$257,822
Occupancy$198,574$986$2,269$201,829
Depreciation Depletion$150,584$46,414-$196,998
Travel$62,784$15,287$4,988$83,059
Advertising$60,567--$60,567
Information Technology$41,839$1,557$3,585$46,981
Fees for Service Investment Mgmnt Fees-$23,428-$23,428
Fees for Services Legal-$8,100-$8,100
Total Functional Expenses$5,350,560$1,299,039$544,073$7,193,672

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,193,672
Expenses per Audited Statements$7,170,244
Total Expenses per Audited Statements$7,170,244
Expenses Not Reported on Financial Statements$23,428
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$119,409
Fundraising Gross Income$119,409
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Benefit$583,668$119,409$914$118,495
Total Events$583,668$119,409$119,409$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Postretirement Benefits$2,070,131
Refundable Advances$78,020
Due to the City of New York$20,205
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 will be distributed to the entire board for review prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Regarding the conflict of interest policy, the museum's by-laws state: (a) prior to holding a position as a board member or employment at the museum, and thereafter on an annual basis, all persons shall be required to complete a disclosure questionnaire and disclose in writing, to the best of their knowledge, any conflicts of interest he or she may have. (b) notwithstanding the annual disclosure, at any time during his or her term of service, a board member or key employee acquires any interest of otherwise a circumstance arise which may pose a conflict of interest, that interest of conflict of interest shall be promptly disclosed in writing to the chief executive.

Form 990, Part VI, Section B, Line 15

The governing committee of the board of trustees is independent and they use a consultant when hiring and to advise on compensation. A survey of executive salaries of similar organizations is reviewed. Compensation once established must be approved by the board and is disclosed in the written employment contract.

Form 990, Part VI, Section C, Line 19

The museum makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
BROOKLYN CHILDREN'S MUSEUM CORPORATION
EIN
11-2495664
Phone
7187354400
Address
145 BROOKLYN AVENUE, BROOKLYN, NY 11213

Signing Officer

Name
Stephanie H Wilchfort
Title
President & CEO
Phone
7187354400
Signed
2025-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Atiba Edwards
Formed
1899
Legal Domicile
Ny
Voting Board Members
33
Independent Board Members
33
Employees
126
Volunteers
34

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part III - Line 1

Inspired by the energy and diversity of our borough, brooklyn children's museum (bcm) creates experiences that ignite curiosity, celebrate identity and cultivate joyful learning. Bcm's exhibits explore art, world cultures, natural sciences and civic engagement through hands-on, sensory experiences. Each week, the museum hosts public programs, school field trips, and performances that introduce young learners to visual arts, dance, music, gardening, and many other disciplines. Through formative cultural experiences, brooklyn children's museum seeks to lay the foundation for a lifetime of arts and culture appreciation and engagement. The museum is committed to making its exhibits and programs accessible to all children, offering free hours on thursdays; free admission to families enrolled in head start programs; free memberships for ebt and idnyc cardholders; and, free admission for families of military service members and veterans, firefighters, police officers, teachers and healthcare workers. Approximately half of bcm visitors attend for free or at a reduced rate, with over 33% served at no charge in fy 2024. It is the museum's policy never to turn a visitor away for inability to pay the admission.

Form 990, Part III, Line 2

In december, the museum opened nature's engineers as a new stem-inspired makerspace. Nature's engineers aims to inspire a new generation of problem solvers and innovators by connecting them with nature's intricate systems and cycles. With its mission rooted in guided inquiry and creativity, the space promises a unique, hands-on learning experience that blends the exploration of the natural world with stem principles. Additionally, in october the museum opened "airmaze" in the neighborhood nature area. Airmaze is a 20-foot-tall pressurized air system consisting of over 250 feet of tubes, valves, and blowers. Children are invited to insert various types of objects and navigate them through its clear pathways. Watch as balls and scarves zip and twist their way through the maze while using the valves to influence their direction. This dynamic exhibit brings to light the unseen elements of everyday life, offering a sensory experience emphasizing movement, color, and sound.

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 621,324. Management and general expenses 62,801. Fundraising expenses 156,999. Total expenses 841,124.

FORM 990, PART XI, LINE 9:

Pension adjustment 541,714.

Financial Statement Notes

PART III, LINE 4:

The museum maintains a permanent collection of 29,000 cultural objects and natural science specimen. Collection objects are used for educational and exhibit purposes. The collection furthers the museum's mission "to provide first cultural experiences for children and families that inspire curiosity, creativity, and lifelong love of learning." the collection is heavily drawn on for exhibitions, both on-site and traveling. Educators build daily science and cultural educational programs around collections artifacts. Thirty museums on the go cases provide portable traveling collection that educators can use in their classrooms, bringing the museum experience to school children across new york city. The collections are inextricably linked with the museum's educational purposes. Collections and education at the museum are dynamically interdependent. The collection furthers the museum's programs and mission in the following ways: (1) the collection is heavily drawn on for exhibitions, both on-site and traveling; (2) educators build daily science and cultural educational programs around collections artifacts; and (3) the museum-on-the-go program enables teachers to bring the museum experience into the classroom.

PART V, LINE 4:

The museum's endowment consists of various individual funds established for a variety of purposes used in the furtherance of the museum's tax exempt activities. Its endowment includes both donor-restricted endowment funds and funds designated by the board of trustees. Temporarily restricted net assets consist of contributions that are restricted by the donor for a specific purpose or pertain to future periods. Included in temporally restricted next is the capital expansion fund, which was used for creating new programs, exhibitions and visitors amenities for an expanded physical plant. The balance of the capital expansion fund is being released to offset depreciation of these new exhibits. Permanently restricted net assets consist of contributions that are restricted by the donor in that that principal must may be spent in accordance with the donor's terms. The museum draws funds annually from its endowment in accordance with its endowment policy. Endowment support funds exhibits, public programs and collections at the museum.

Raw XML AppendixShowing 400 of 834 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt31TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt32TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt33FORMER PRESIDENT & FORMER CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt34PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt35VP OF EXHIBITS AND EDUCATION
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