Childrens Museum Of Southern Minnesota
Childrens Museum Of Southern Minnesota maintains stable assets and zero reported officer compensation amidst fluctuating revenues.
EIN: 204351801 · Mankato, MN · NTEE: A52 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $4.4M |
| Transparency Score | 90/100 |
Is Childrens Museum Of Southern Minnesota Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Childrens Museum Of Southern Minnesota directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Childrens Museum Of Southern Minnesota
Childrens Museum Of Southern Minnesota (EIN: 204351801) is a nonprofit organization based in Mankato, MN, classified under NTEE code A52. The organization reported total revenue of $2.6M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Childrens Museum Of Southern Minnesota's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Childrens Museum Of Southern Minnesota is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$23K |
| Total Assets | $5.0M |
| Total Liabilities | $595K |
| Net Assets | $4.4M |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 11.8% |
| Months of Reserves | 35.0 months |
Financial Health Grade: A
In 2023, Childrens Museum Of Southern Minnesota reported a surplus of $23K with revenue exceeding expenses, holds 35.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Childrens Museum Of Southern Minnesota's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.6% | +3.1% | +0.5% |
| 2022 | -6.9% | +28.4% | +3.3% |
| 2021 | +192.1% | +18.1% | +19.8% |
| 2020 | -19.1% | -18.6% | -8.2% |
| 2019 | -23.9% | +6.8% | -9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Childrens Museum Of Southern Minnesota with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Childrens Museum Of Southern Minnesota allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $1.7 million. This suggests either a fully volunteer executive leadership or compensation structured in a way that is not categorized as officer compensation on the 990, indicating a strong commitment to directing funds towards the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Childrens Museum Of Southern Minnesota's IRS 990 filings:
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided summary data, making precise efficiency analysis difficult.
- The consistent 0% officer compensation, while positive for resource allocation, is unusual for an organization of this size and could warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Childrens Museum Of Southern Minnesota:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending.
- Healthy asset base, consistently above $4 million, providing financial stability.
- Decreasing trend in liabilities, from $1,392,346 in 2014 to $595,353 in 2023, improving financial health.
- Strong recovery in revenue post-2020, demonstrating resilience and effective fundraising.
- Expenses closely align with revenue, suggesting efficient utilization of funds for operations.
Frequently Asked Questions about Childrens Museum Of Southern Minnesota
Is Childrens Museum Of Southern Minnesota a legitimate charity?
Childrens Museum Of Southern Minnesota (EIN: 204351801) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Childrens Museum Of Southern Minnesota spend its money?
Childrens Museum Of Southern Minnesota directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Childrens Museum Of Southern Minnesota tax-deductible?
Childrens Museum Of Southern Minnesota is registered as a tax-exempt nonprofit (EIN: 204351801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Childrens Museum Of Southern Minnesota CEO make?
Childrens Museum Of Southern Minnesota's highest-compensated officer earns $1.7 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Childrens Museum Of Southern Minnesota's spending goes to programs?
Childrens Museum Of Southern Minnesota directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Childrens Museum Of Southern Minnesota compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Childrens Museum Of Southern Minnesota is above average for NTEE category A52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Childrens Museum Of Southern Minnesota located?
Childrens Museum Of Southern Minnesota is headquartered in Mankato, Minnesota and files with the IRS under EIN 204351801. It is classified under NTEE code A52.
How many years of IRS 990 filings does Childrens Museum Of Southern Minnesota have?
Childrens Museum Of Southern Minnesota has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
Is Childrens Museum Of Southern Minnesota financially stable?
Yes, the organization appears financially stable, with assets consistently above $4 million and a healthy asset-to-liability ratio. Liabilities have also decreased significantly from $1,392,346 in 2014 to $595,353 in 2023.
How efficient is Childrens Museum Of Southern Minnesota with its spending?
The organization appears efficient, with expenses closely matching revenues (e.g., $1,724,836 in expenses against $1,748,335 in revenue in 2023), indicating that most incoming funds are utilized for operations and programs. The consistent 0% officer compensation also suggests high efficiency in resource allocation.
Does Childrens Museum Of Southern Minnesota pay its executives?
Based on the provided IRS 990 data, the organization consistently reports 0% officer compensation across all filings, suggesting that executive leadership is either volunteer or compensated through means not classified as officer compensation.
Has the organization's revenue been consistent?
Revenue has fluctuated, with a significant dip in 2019 ($888,612) and 2020 ($719,181), likely due to external factors, but has since recovered to $1,748,335 in 2023, showing resilience.
Filing History
IRS 990 filing history for Childrens Museum Of Southern Minnesota showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Childrens Museum Of Southern Minnesota's revenue has grown by 152.6%, moving from $692K to $1.7M. Total assets increased by 815.5% over the same period, from $550K to $5.0M. Total functional expenses rose by 626.3%, from $237K to $1.7M. In its most recent filing year (2023), Childrens Museum Of Southern Minnesota reported a surplus of $23K, with revenue exceeding expenses. The organization holds $595K in liabilities against $5.0M in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $5.0M | $595K | — | — |
| 2022 | $2.0M | $1.7M | $5.0M | $595K | — | View 990 |
| 2021 | $2.1M | $1.3M | $4.9M | $722K | — | View 990 |
| 2020 | $719K | $1.1M | $4.0M | $719K | — | View 990 |
| 2019 | $889K | $1.4M | $4.4M | $698K | — | View 990 |
| 2018 | $1.2M | $1.3M | $4.9M | $791K | — | View 990 |
| 2017 | $1.1M | $1.2M | $5.1M | $914K | — | — |
| 2016 | $1.0M | $1.3M | $5.4M | $1.2M | — | View 990 |
| 2015 | $1.8M | $1.1M | $5.8M | $1.3M | — | View 990 |
| 2014 | $1.4M | $491K | $5.2M | $1.4M | — | View 990 |
| 2013 | $2.6M | $569K | $2.9M | $67K | — | View 990 |
| 2012 | $654K | $403K | $785K | $8K | — | View 990 |
| 2011 | $692K | $237K | $550K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $5.0M (revenue -10.6% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.7M, and assets of $5.0M (revenue -6.9% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.3M, and assets of $4.9M (revenue +192.1% year-over-year).
- 2020: Revenue of $719K, expenses of $1.1M, and assets of $4.0M (revenue -19.1% year-over-year).
- 2019: Revenue of $889K, expenses of $1.4M, and assets of $4.4M (revenue -23.9% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.3M, and assets of $4.9M (revenue +2.5% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $5.1M (revenue +9.2% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.3M, and assets of $5.4M (revenue -41.4% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.1M, and assets of $5.8M (revenue +24.0% year-over-year).
- 2014: Revenue of $1.4M, expenses of $491K, and assets of $5.2M (revenue -45.6% year-over-year).
- 2013: Revenue of $2.6M, expenses of $569K, and assets of $2.9M (revenue +303.5% year-over-year).
- 2012: Revenue of $654K, expenses of $403K, and assets of $785K (revenue -5.5% year-over-year).
- 2011: Revenue of $692K, expenses of $237K, and assets of $550K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Childrens Museum Of Southern Minnesota:
Data Sources and Methodology
This transparency report for Childrens Museum Of Southern Minnesota is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.