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New York BBB Wise Giving Report for
Brooklyn Children's Museum

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
07/2014
Name:
Brooklyn Children's Museum
Address:
145 Brooklyn Avenue
Brooklyn, NY 11213
Phone:
718-735-4400
Year, State Incorporated:
1979, New York
Affiliates:
None
Stated Purpose:
" Our mission is to actively engage children in educational and entertaining experiences through innovation and excellence in exhibitions, programs, and use of its collection. "






Evaluation Conclusions
 

              
Brooklyn Children's Museum meets the 20 Standards for Charity Accountability.




Programs
 

              
The Brooklyn Children's Museum (BCM) encourages children to develop an understanding of and respect for themselves, others and the world around them by exploring cultures, the arts, science, and the environment.



Governance
 

              
Chief Executive Officer:
Ms. Georgina Ngozi, President and CEO
Compensation*:
$181,164
Chair of the Board:
Mr. John Lieber
Chair's Profession / Business Affiliation:
President / World Trade Center Properties LLC
Board Size:
24
Paid Staff Size:
83



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, telephone appeals, invitations to fund raising events, grant proposals, internet.
Fund raising costs were 18.9% of related contributions. (Related contributions, which totaled $2,024,725, are donations received as a result of fund raising activities.)




Tax Status
 

              
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.




Financial
 

              
The following information is based on Audited Financial Statements for the fiscal year ended June 30, 2011.

Source of Funds  

Appropriations from City of New York

$2,045,140

Contributions (Foundations)

766,917

Admission fees

728,738

Contributions (Government)

438,445

Fund-raising events, net of direct expenses of $76,174 in 2011

365,482

Membership fees

338,022

Contributions (Corporations)

334,607

Net change in unrealized value of investments

316,764

Gift shop sales

194,805

Space rentals

141,660

Contributions (Individuals)

119,274

Net realized gain on investments

106,019

Exhibit rentals

65,000

Interest and dividends

59,767

Miscellaneous

57,899

Total Income

$6,078,539

Program Expenses  

Exhibitions

$1,835,435

Maintenance and security

1,320,106

Education

1,027,754

Visitor services

720,989

Marketing and public affairs

579,917

Collections

239,881
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

5,724,082
307,478
1,074,939

$7,106,499

$(1,027,960)




Uses of Funds as a % of Total Expenses


Programs: 81%  Fund Raising: 4%  Administrative 15% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $6,630,476
Ending net assets 5,444,670
Total liabilities 3,895,714

Total assets

$9,340,384






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.