Civic Intelligence

Marbles Kids Museum

EIN 58-1647538 • 501(c)3 • Raleigh, NC

Profile

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.

201 East Hargett StreetRaleigh, NC 27601

www.marbleskidsmuseum.org

Siviq Scores

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

Liabilities / Assets

40th percentile

0.13x

Higher debt load relative to assets than 40% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.44x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

75th percentile

20%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

39th percentile

$220,171

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

34th percentile

1.0%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

27%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$31,337,740

Up $306,168 (+1.0%) from 2023

Liabilities

Up

$4,032,378

Up $349,386 (+9.5%) from 2023

Net Assets

Down

$27,305,362

Down $43,218 (-0.2%) from 2023

Revenue

Up

$9,240,181

Up $1,978,888 (+27%) from 2023

Expenses

Up

$7,396,361

Up $624,115 (+9.2%) from 2023

Net Income

Up

$1,843,820

Up $1,354,773 (+277%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $1,562,434Liabilities 2010: $1,242,315Net Assets 2010: $320,1192010Assets 2011: $1,946,147Liabilities 2011: $1,248,394Net Assets 2011: $697,7532011Assets 2012: $2,065,727Liabilities 2012: $1,120,432Net Assets 2012: $945,2952012Assets 2013: $4,252,962Liabilities 2013: $1,605,761Net Assets 2013: $2,647,2012013Assets 2014: $4,834,703Liabilities 2014: $2,043,975Net Assets 2014: $2,790,7282014Assets 2015: $15,685,328Liabilities 2015: $1,631,286Net Assets 2015: $14,054,0422015Assets 2016: $15,038,194Liabilities 2016: $1,486,249Net Assets 2016: $13,551,9452016Assets 2017: $12,979,263Liabilities 2017: $1,432,343Net Assets 2017: $11,546,9202017Assets 2018: $14,151,867Liabilities 2018: $4,038,800Net Assets 2018: $10,113,0672018Assets 2019: $12,125,160Liabilities 2019: $3,965,706Net Assets 2019: $8,159,4542019Assets 2020: $9,818,203Liabilities 2020: $4,535,009Net Assets 2020: $5,283,1942020Assets 2021: $8,790,326Liabilities 2021: $5,106,076Net Assets 2021: $3,684,2502021Assets 2022: $9,975,435Liabilities 2022: $3,606,931Net Assets 2022: $6,368,5042022Assets 2023: $31,031,572Liabilities 2023: $3,682,992Net Assets 2023: $27,348,5802023Assets 2024: $31,337,740Liabilities 2024: $4,032,378Net Assets 2024: $27,305,3622024

Highlighted filing

2024

Assets$31,337,740
Liabilities$4,032,378
Net Assets$27,305,362

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $5,397,0942010Revenue 2011: $5,161,514Expenses 2011: $4,783,880Net Income 2011: $377,6342011Revenue 2012: $5,188,330Expenses 2012: $4,940,788Net Income 2012: $247,5422012Revenue 2013: $7,063,143Expenses 2013: $5,361,237Net Income 2013: $1,701,9062013Revenue 2014: $5,974,352Expenses 2014: $5,830,825Net Income 2014: $143,5272014Revenue 2015: $6,430,007Expenses 2015: $6,229,121Net Income 2015: $200,8862015Revenue 2016: $7,589,645Expenses 2016: $6,715,659Net Income 2016: $873,9862016Revenue 2017: $6,754,612Expenses 2017: $7,340,765Net Income 2017: -$586,1532017Revenue 2018: $7,698,502Expenses 2018: $7,676,859Net Income 2018: $21,6432018Revenue 2019: $7,809,465Expenses 2019: $7,864,995Net Income 2019: -$55,5302019Revenue 2020: $5,599,392Expenses 2020: $6,922,656Net Income 2020: -$1,323,2642020Revenue 2021: $3,967,863Expenses 2021: $3,984,527Net Income 2021: -$16,6642021Revenue 2022: $9,728,948Expenses 2022: $5,417,177Net Income 2022: $4,311,7712022Revenue 2023: $7,261,293Expenses 2023: $6,772,246Net Income 2023: $489,0472023Revenue 2024: $9,240,181Expenses 2024: $7,396,361Net Income 2024: $1,843,8202024

Highlighted filing

2024

Revenue$9,240,181
Expenses$7,396,361
Net Income$1,843,820

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$31.3$4.03$27.3$9.24$7.40$1.84
2023Detailed filing. Detailed filing data is available for this year.$31.0$3.68$27.3$7.26$6.77$0.49
2022Detailed filing. Detailed filing data is available for this year.$9.98$3.61$6.37$9.73$5.42$4.31
2021Detailed filing. Detailed filing data is available for this year.$8.79$5.11$3.68$3.97$3.98$0.02
2020Detailed filing. Detailed filing data is available for this year.$9.82$4.54$5.28$5.60$6.92$1.32
2019Detailed filing. Detailed filing data is available for this year.$12.1$3.97$8.16$7.81$7.86$0.06
2018Detailed filing. Detailed filing data is available for this year.$14.2$4.04$10.1$7.70$7.68$0.02
2017Detailed filing. Detailed filing data is available for this year.$13.0$1.43$11.5$6.75$7.34$0.59
2016Detailed filing. Detailed filing data is available for this year.$15.0$1.49$13.6$7.59$6.72$0.87
2015Detailed filing. Detailed filing data is available for this year.$15.7$1.63$14.1$6.43$6.23$0.20
2014Detailed filing. Detailed filing data is available for this year.$4.83$2.04$2.79$5.97$5.83$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$1.61$2.65$7.06$5.36$1.70
2012Summary only. Only limited summary data is available for this year.$2.07$1.12$0.95$5.19$4.94$0.25
2011Summary only. Only limited summary data is available for this year.$1.95$1.25$0.70$5.16$4.78$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$1.24$0.32$5.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 4, 2025
Return Version
2023v6.0
Gross Receipts
$9,804,464
Mission and Program Overview

Mission

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.

Marbles sparks imagination, discovery, and learning through play.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,559,360$4,899,430▲ $340,070
Cash and Non-Interest-Bearing Accounts$2,622,282$4,800,147▲ $2,177,865
Savings and Temporary Cash Investments$2,241,687$1,500,176▼ $741,511
Pledges and Grants Receivable$226,831$668,441▲ $441,610
Inventories for Sale or Use$96,325$132,254▲ $35,929
Prepaid Expenses and Deferred Charges$99,300$69,997▼ $29,303
Accounts Receivable$63,818$45,742▼ $18,076
Total Assets$31,031,572$31,337,740▲ $306,168
Other Assets Total$21,121,969$19,221,553▼ $1,900,416
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,401,205$2,319,155▼ $82,050
Deferred Revenue$838,926$987,274▲ $148,348
Accounts Payable and Accrued Expenses$442,861$725,949▲ $283,088
Total Liabilities$3,682,992$4,032,378▲ $349,386
Net Assets / Fund Balance
Net Assets With Donor Restrictions$21,395,548$20,944,594▼ $450,954
Net Assets Without Donor Restrictions$5,953,032$6,360,768▲ $407,736
Total Net Assets Fund Balance$27,348,580$27,305,362▼ $43,218
Total Liabilities and Net Assets / Fund Balance$31,031,572$31,337,740▲ $306,168

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$853,469$2,538,314$3,391,783
Buildings$1,938,300$461,301$2,399,601
Equipment$550,049$1,769,382$2,319,431
Land$1,501,610-$1,501,610
Leasehold Improvements$56,002$1,135,041$1,191,043
Other Assets Org$19,598--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathan FrederickCEOFT$202,802$17,369$220,171
Britt ThomasChief Activation OfficerFT$137,700$24,612$162,312
Leila ThomasVP of Development & StrategyFT$102,576$14,210$116,786

Board Members and Trustees

NameTitle
Jason HerndonChair
Sharon CrawfordDevelopment Chair
Skip HillFacilities Chair
Julie PaulImmediate Past Chair
Shirley HuangLearning Chair
Ericka SantosSecretary & Communications Chair
Lennie AustinTreasurer & Finance Chair
Bernette StiversDirector
Christian BigsbyDirector
Connie CarriganDirector
Deanna HawkesDirector
Gail JonesDirector
Grace RountreeDirector
Heather CozartDirector
Jeane Whittington PowersDirector
Jed ByrneDirector
Jennifer BadhamDirector
Jennifer PittmanDirector
Korrie BlanchardDirector
Kristine LaneDirector
Leslie Ann JacksonDirector
Lorie BarnesDirector
Mariarosa RangelDirector
Mary Beck SkinnerDirector
Naeill LeighDirector
Preston BergenDirector
Sara DanielDirector
Sarah MorganDirector
Stacey BuescherDirector
Tim WhitneyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,235,541
Program Service Revenue
$4,658,103
Investment Income
$149
Other Revenue
$346,388
All Other Contributions
$2,166,530
Change in Net Assets
$1,843,820

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table156$74,561Cost
Other Non Cash Contri Table5$23,475Cost
Other Non Cash Contri Table2$6,644Cost
Total Noncash Contributions163$104,680-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,240,181
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,123,084
Total Revenue per Audited Statements
$10,363,265
Total Revenue per Form 990
$9,240,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,461,615
Other Expenses$2,841,268
Total Fundraising Expense$590,594
Professional Fundraising Fees$93,478
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,255,220$732,629$283,128$3,270,977
Current Officers, Directors, Trustees, and Key Employees$239,391$131,956$152,313$523,660
Fees for Services Other$196,901$273,379-$470,280
All Other Expenses$357,407$65,373$16,083$438,863
Depreciation Depletion$318,593$106,198-$424,791
Other Employee Benefits$275,382$84,905$10,955$371,242
Payroll Taxes$200,898$49,620$19,398$269,916
Other Expenses$114,709$51,078$884$165,787
Information Technology$14,325$148,857-$163,182
Interest$102,638$4,473-$107,111
Fees for Services Professional Fundraising--$93,478$93,478
Office Expenses$34,022$45,395$5,920$85,337
Advertising$79,967$70$3,472$83,509
Insurance-$65,215-$65,215
Fees for Services Accounting-$39,584-$39,584
Occupancy-$39,317-$39,317
Conferences and Meetings$9,861$18,190$1,350$29,401
Travel$17,971$10,106$1$28,078
Pension Plan Contributions$15,028$7,834$2,958$25,820
Fees for Services Lobbying-$12,000-$12,000
Total Functional Expenses$4,859,222$1,946,545$590,594$7,396,361

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,406,483
Expenses per Audited Statements$7,396,361
Total Expenses per Form 990$7,396,361
Expenses Not Reported on Form 990$3,010,122
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$163,547
Professional Fundraising Fees$93,478
Fundraising Gross Income$59,669

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Imagination Ball$288,679$48,058$29,814$18,244
Big Idea Forum$56,650$11,611$11,463$148
Total Events$345,329$59,669$163,547$-103,878
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
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 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.

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 2024.

Form 990, Part VI, Section C, Line 19

All disclosures are available at our office and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Marbles Kids Museum
EIN
58-1647538
Phone
9198344040
Address
201 EAST HARGETT STREET, RALEIGH, NC 27601

Signing Officer

Name
Jonathan Frederick
Title
CEO
Phone
9198344040
Signed
2025-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Frederick
Formed
2007
Legal Domicile
Nc
Voting Board Members
30
Independent Board Members
30
Employees
157
Volunteers
816

Preparer

Firm
Cliftonlarsonallen Llp
Address
227 WEST TRADE STREET SUITE 800, CHARLOTTE, NC 28202
Preparer
Katherine a Warlick
Phone
7049985200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

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, 2024 and 2023, 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, 2024 and 2023. 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, 2024 and 2023.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expense 163,547.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 163,547.

Raw XML AppendixShowing 400 of 820 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/Desc0IN FY2023-2024 (FY24), MARBLES WELCOMED OVER 517,000 VISITORS FROM ALL 50 STATES, ALL 100 NORTH CAROLINA COUNTIES AND EVERY CORNER OF WAKE COUNTY TO EXPERIENCE THE POWER OF PLAY. HIGHLIGHTS INCLUDE OPENING UNDER THE WAVES, A BRAND-NEW EXHIBIT FOCUSED ON SENSORY EXPLORATION, IN DECEMBER 2023. THIS CALMING SPACE FEATURING A LARGER-THAN-LIFE WEIGHTED OCTOPUS, SHADOW PLAY, AND BUBBLE TUBES IS DESIGNED TO ENGAGE KIDS WITH SENSORY SENSITIVITIES AND DEVELOPMENTAL DIFFERENCE, OR THOSE NEEDING A RESPITE FROM THE STIMULATING MUSEUM. MARBLES RECEIVED THE ROY L. SHAFER LEADING EDGE AWARD FROM THE ASSOCIATION OF SCIENCE & TECHNOLOGY CENTERS FOR UNDER THE WAVES RECOGNIZING THE EXHIBIT'S CONTRIBUTIONS TO OUR COMMUNITY AND OUR FIELD AT LARGE. IN FY24, MARBLES WELCOMED 49,400 FIELD TRIP PARTICIPANTS, AN INCREASE OF 80% OVER FY23. FIELD TRIP PROGRAMS WELCOMED STUDENTS IN PRESCHOOL THROUGH 8TH GRADE FROM NEAR AND FAR, WITH GROUPS VISITING FROM 50 DIFFERENT COUNTIES. 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. 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 FY24, MARBLES KIDS MUSEUM SERVED OVER 517,000 VISITORS. CAMP MARBLES ENGAGED MORE THAN 2,800 KIDS IN FUN, INTERACTIVE LEARNING AND PLAY THROUGH CREATING, BUILDING, AND EXPERIMENTING. MARBLES ACCESS AND OUTREACH PROGRAMS PROVIDED OVER 75,700 FREE AND REDUCED RATE MUSEUM VISITS IN FY24 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 FY24 MARBLES WON THE FOLLOWING AWARD AND ACCOLADES: WRAL VOTER'S CHOICE AWARD: MUSEUM & GALLERY FINALIST (AUGUST 2023); NEWS & OBSERVER RALEIGH'S BEST ATTRACTION, BRONZE (OCTOBER 2023); USA TODAY'S TOP 10 BEST CHILDREN'S MUSEUM (JANUARY 2024); MIDTOWN MAGAZINE 2024 DIAMOND AWARDS BEST MUSEUM, SILVER (JANUARY 2024); AND WRAL COMMUNITY CARES AWARD (JUNE 2024).
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IRS990/MissionDesc0SEE 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.
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