2019-11-14T16:00:40-06:00 2018-12-31 350921680 CROWE LLP 3815 River Crossing Parkway Suite 3 00 Indianapolis IN 462400977 990 2018-01-01 350867985 The Children's Museum of Indianapolis Inc CHIL 3173343322 3000 North Meridian Street Indianapolis IN 462084716 Jeffrey H Patchen President 2019-11-14 true Kenneth J Keber P00240883 3175698989 2018 2020-04-17 16:48:07Z Jeffrey H Patchen 3000 North Meridian Street Indianapolis IN 462084716 91343593 false X www.childrensmuseum.org X 1925 IN The organization's mission is to create extraordinary learning experiences across the arts, sciences and humanities that have the power to transform the lives of children and families. 35 35 500 1032 46676 0 7977292 16879405 14001835 15653974 19644798 33530405 1464848 1666577 43088773 67730361 54903 75838 0 18821843 20795708 0 2184699 24232530 25791215 43109276 46662761 -20503 21067600 433515395 405821668 75394290 73861691 358121105 331959977 The organization's mission is to create extraordinary learning experiences across the arts, sciences and humanities that have the power to transform the lives of children and families. (Continued in Schedule O) false false 24116779 75838 16621944 EDUCATIONAL ACTIVITIES, PROGRAMS AND SCHOOL TOURS: THE CHILDREN'S MUSEUM INSPIRES TEACHERS AND STUDENTS OF ALL AGES THROUGH ITS NUMEROUS EDUCATIONAL PROGRAMS AND SCHOOL TOURS. OUR SCHOOL PROGRAMS COVER THE ARTS, SCIENCES, AND HUMANITIES AND PROVIDE IMMERSIVE CURRICULAR EXPERIENCES THAT CANNOT BE REPLICATED IN THE CLASSROOM. THE MUSEUM ALSO SUPPORTS TEACHERS BY PROVIDING AN EVER-EXPANDING LIBRARY OF UNITS OF STUDY THAT MEET BOTH THE INDIANA AND THE NATIONAL ACADEMIC STANDARDS FOR GRADES K THROUGH 12. 7097974 EXHIBIT DESIGN: THE CHILDREN'S MUSEUM CONCEIVES, DEVELOPS, IMPLEMENTS, AND MAINTAINS EXHIBITS THAT FOCUS ON HISTORY, ART, AND SCIENCE FOR ITS 13 GALLERIES. EACH EXHIBIT IS DESIGNED TO FOSTER FAMILY LEARNING THROUGH HANDS-ON EXPERIENCES, INTERPRETIVE PROGRAMMING, AND THE USE OF AUTHENTIC OBJECTS. MANY OF THE MUSEUM'S EXHIBITS ARE BASED UPON STRONG RELATIONSHIPS WITH HISTORIANS AND EXPERTS WHO HELP US IN SHARING POWERFUL STORIES SUCH AS RUBY BRIDGES, ASTRONAUT DR. DAVID WOLF, AND UNDERWATER ARCHAEOLOGIST CHARLIE BEEKER. 1046200 COLLECTIONS - THE CHILDREN'S MUSEUM OF INDIANAPOLIS BOASTS A COLLECTION OF MORE THAN 120,000 ARTIFACTS AND SPECIMENS. THE COLLECTION IS A STOREHOUSE OF IDEAS AND CONCEPTS; NOT ONLY ARE THESE OBJECTS PATHWAYS TO THE THINKING THAT HAVE SHAPED OUR COLLECTIVE PAST, BUT ALSO TO THE NEW CONNECTIONS AND DISCOVERIES YET UNBORN IN THE MINDS OF YOUNG VISITORS. SINCE ITS FOUNDING IN 1925, THE MUSEUM HAS NURTURED THE GROWTH OF ITS COLLECTION WHICH IS DIVIDED INTO THREE DOMAINS: NATURAL WORLD DOMAIN: COLLECTIONS CONTAIN MANY REAL SPECIMENS, FROM DINOSAUR EGGS AND PRECIOUS GEMS TO SAUSAGE TREE PODS. MANY INTERESTING OBJECTS FROM AROUND THE WORLD ILLUSTRATE NATURAL AND PHYSICAL SCIENCE CONCEPTS. (CONTINUED IN SCHEDULE O) 32260953 true true false false false true true false true true true false false true true false true false false true false false false true false false false true true true false false false false false false false false false false true true false false true true false false false true 148 0 true 500 true true true false false false false true true true false false false false false X 35 35 false false false false false false false true true false false true true true true true true true false false IN X EDWARD A BAWEL 3173343322 3000 NORTH MERIDIAN ST Indianapolis IN 462084716 Jamie P Merisotis Chairman 1.0 X X 0 0 0 Michael A Sherman Vice Chairman 1.0 X X 0 0 0 Julie Booth Secretary 1.0 X X 0 0 0 John F Ackerman Treasurer 1.0 X X 0 0 0 Muhammad Hassan Trustee 1.0 X 0 0 0 James C Gilroy III Trustee 1.0 X 0 0 0 Kathleen Dunbar Trustee 1.0 X 0 0 0 David P Durm Trustee 1.0 X 0 0 0 Leigh R Evans Trustee 1.0 X 0 0 0 Peter Salzmann Trustee 1.0 X 0 0 0 Jason Leet Trustee 1.0 X 0 0 0 Meghan F Miller Trustee 1.0 X 0 0 0 Lauren G Sparkman Trustee 1.0 X 0 0 0 Karen T Hebert Trustee 1.0 X 0 0 0 Kevin C Woodhouse Trustee 1.0 X 0 0 0 Jennifer M Alvey Trustee 1.0 X 0 0 0 Robin R Marks Trustee 1.0 X 0 0 0 Vanita Khanna-Yadav Trustee 1.0 X 0 0 0 Scott Kraege Trustee 1.0 X 0 0 0 Brett A Pheffer Trustee 1.0 X 0 0 0 Shon G Wright Trustee 1.0 X 0 0 0 James D Bremner Trustee 1.0 X 0 0 0 Ezra Burdix Trustee 1.0 X 0 0 0 Danette Howard Trustee 1.0 X 0 0 0 William D Zink Trustee 1.0 X 0 0 0 Julie Carmichael Vice Chair 1.0 X 0 0 0 Susan C Elser Trustee 1.0 X 0 0 0 Jeffrey M Hagerman Trustee 1.0 X 0 0 0 Andrew Held Trustee 1.0 X 0 0 0 Daniel M Lechleiter Trustee 1.0 X 0 0 0 Karin L Veatch Trustee 1.0 X 0 0 0 Thomas P Laskey Jr Trustee 1.0 X 0 0 0 Kathleen D Postlethwait Trustee 1.0 X 0 0 0 Aman Brar Trustee 1.0 X 0 0 0 Keith R Iler TRUSTEE 1.0 X 0 0 0 Jeffrey Patchen President 40.0 X 871180 0 109917 Edward A Bawel Chief Financial Officer 40.0 X 258468 0 50342 Jennifer Pace Robinson VP Exhibit Development & Education 40.0 X 231870 0 30704 Amy Kwas Vice President of Development 40.0 X 232114 0 10535 Katy Allen VP HR & Organization Development 40.0 X 200048 0 44719 Brian Statz VP of Operations/Legal Counsel 40.0 X 236818 0 48552 Lisa Townsend VP Marketing 40.0 X 230653 0 25342 2261151 0 320111 17 false true false Shiel Sexton Co Inc 902 N Capitol Ave Indianapolis IN 46204 Construction 3705833 ECHO POINT MEDIA 407 Fulton St Indianapolis IN 46202 Media Placement 1372617 GSF USA Inc 2701 Fortune Circle Drive E Indianapolis IN 46241 Cleaning Services 703761 CAMBRIDGE ASSOCIATES LLC PO Box 83232 Chicago IL 60691 Investment Advisor 690910 Adex Inc 1301 Glendale Milford Road Cincinnati OH 45215 Exhibit Building Services 583153 22 53152 673811 416251 15736191 989213 16879405 Admission Receipts 900099 7391610 7391610 Membership and Dues 900099 6198000 6198000 Program Receipts 900099 2064364 2064364 0 0 0 0 15653974 4400536 4400536 459286 459286 319217 272541 46676 0 46676 46676 51438929 2850 22311910 0 29127019 2850 29129869 29129869 350473 53152 203422 147051 147051 1793329 825359 967970 967970 Lockers/Coat Check 900099 20585 20585 Stroller & Wagon Rental 900099 17892 17892 Apt/Non Profit Office Rental 900099 7117 7117 0 0 0 0 45594 67730361 16621944 46676 34182336 75838 75838 0 0 0 0 981098 490549 490549 15524280 11212245 3232366 1079669 850861 571185 199083 80593 2312748 1695039 464001 153708 1126721 800622 236059 90040 80576 80576 113400 113400 3203123 3203123 1429172 1115394 155368 158410 2832361 2807894 13584 10883 531929 419014 112915 593731 593731 2007227 1817306 180828 9093 141675 98349 15570 27756 570006 323571 208008 38427 2019240 2019240 5923080 5793713 129367 562560 562560 Programs & activities 2280887 2061636 198730 20521 Equipment & exhibitions (Non cap) 3334195 1299806 2020514 13875 Research & development 165386 150101 4110 11175 Unrelated Business Income Tax 2667 2667 0 0 0 0 46662761 32260953 12217109 2184699 49298 49298 8716306 8588931 12852925 11251075 212951 98696 0 0 0 293400 324312 171623 187252 171430929 90691174 82372030 80739755 55694234 49949696 272351004 253913428 0 801624 719225 433515395 405821668 8916612 7248093 1550178 5600071 47960000 47500000 0 12143000 10000000 4824500 3513527 75394290 73861691 X 274322701 255069667 63729404 56821310 20069000 20069000 358121105 331959977 433515395 405821668 X 21067600 -44342259 -2886469 X false true X true false X 8495316 22491314 13274120 7977292 16879405 69117447 0 0 8495316 22491314 13274120 7977292 16879405 69117447 22248146 46869301 5700479 6111854 4948462 4925127 4859822 26545744 0 0 0 0 0 0 513435 252252 422693 232882 396069 1817331 97480522 77655716 0.4808 0.5176 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING GROSS RECEIPTS, COLUMN A - 461966.0, COLUMN B - 179418.0, COLUMN C - 372923.0, COLUMN D - 189100.0, COLUMN E - 350473.0, COLUMN F - 1553880.0; DESCRIPTION - COAT CHECK, COLUMN A - 8968.0, COLUMN B - 6777.0, COLUMN C - 7651.0, COLUMN D - 8689.0, COLUMN E - 7119.0, COLUMN F - 39204.0; DESCRIPTION - STROLLER/WAGON RENTAL, COLUMN A - 23741.0, COLUMN B - 20044.0, COLUMN C - 20512.0, COLUMN D - 18499.0, COLUMN E - 17892.0, COLUMN F - 100688.0; DESCRIPTION - LOCKERS, COLUMN A - 17643.0, COLUMN B - 19582.0, COLUMN C - 20649.0, COLUMN D - 16594.0, COLUMN E - 20585.0, COLUMN F - 95053.0; DESCRIPTION - INSURANCE CLAIM PROCEEDS, COLUMN A - 0.0, COLUMN B - 25490.0, COLUMN C - 0.0, COLUMN D - , COLUMN E - , COLUMN F - 25490.0; DESCRIPTION - UNRELATED BUSINESS TAX REFUND, COLUMN A - 1117.0, COLUMN B - 941.0, COLUMN C - 958.0, COLUMN D - , COLUMN E - , COLUMN F - 3016.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.0 1 1 0 1 true 5.0 0 true X X X X false 326565373 81402 -13318014 19811987 293516774 297250452 1292285 43418890 15396254 326565373 295369263 0 18920146 17038957 297250452 302165600 12026388 -4683959 14138766 295369263 295780415 3000000 16062062 12676877 302165600 0.792 0.066 0.142 true false 8735345 8735345 125768349 62314614 63453735 1243221 1069674 173547 7446159 6251425 1194734 28237855 21055461 7182394 80739755 Fixed Income Mutual Funds 10935014 Beneficial Interest in Investments held by Community Foundation 1370192 Limited Partnerships 2420602 Private Equity/Venture Capital 239187620 253913428 100000 Interest Rate Swap 3292414 Annuity Payable Liability 121113 3513527 X Schedule D, Part II, Line 5 Conservation easements policy The Children's Museum of Indianapolis, Inc. has a written policy that outlines the timing of specific duties necessary to maintain compliance with historical preservation guidelines. Schedule D, Part II, Line 9 Conservation easements financial reporting Conservation easements are accounted for in the same manner as other property acquisitions with the added measure of compliance with local historical society requirements. Schedule D, Part III, Line 1a Collections of art - financial statement footnote The collections, which were acquired through purchases and contributions since the organization's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or as temporarily or permanently restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. The Museum's collections are made up of artifacts of historical significance, scientific specimens, and art objects that are held for educational, research, scientific, and curatorial purposes. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. Collection items are subject to a policy that requires proceeds from their sales to be used to acquire other items for collections. Schedule D, Part III, Line 4 Collections of art - description of collections Unlike most museums created for children, The Children's Museum of Indianapolis, Inc. maintains a collection. It is one of the largest and most comprehensive collection of any youth museum in the world, consisting of approximately 130,000 artifacts, specimens, and artworks. The Museum collects significant artifacts, specimens and artworks to use in exhibitions and their educational programs, and preserves them and their contextual information for future generations of children and their families. Collections are divided into two principal areas of interest or domains: Natural Science and Paleontology, and Arts and Humanities. Schedule D, Part V, Line 4 Intended uses of endowment funds The Children's Museum of Indianapolis, Inc. uses the temporarily and permanently restricted portion of the endowment consistent with the donor's restriction. The unrestricted portion of the endowment is used to provide a relatively predictable, stable, and in real terms, constant stream of current income for annual operating needs based on the board of directors' approval. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Museum is exempt from federal income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code (IRC) and is not considered to be a private Museum. Sidney LLC and TRex LLC are single member LLC's whose single member is exempt from federal income taxes under Section 501(c)(3) of the IRC. The following non-income taxes were paid or remitted by the Museum and consolidating entities in 2018 and 2017: property taxes of $56,000 and $52,000 and sales taxes collected and remitted of $141,000 and $141,000, respectively. As of December 31, 2018 and 2017, the Museum has recorded a tax liability of $100,000 in relation to unrelated business income taxes. The tax expense is recorded in net investment returns on the Statement of Activities. Current accounting standards require the Museum to disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended December 31, 2018 and 2017, management has determined that the Museum does not have any tax positions that result in any uncertainties regarding the possible impact on the Museum's financial statements. The Museum does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Museum recognizes interest and/or penalties related to income tax matters in income tax expense. The Museum did not have any amounts accrued for interest and penalties at December 31, 2018 and 2017. Central America and the Caribbean Investments 9694664 Europe (Including Iceland and Greenland) Investments 10919198 0 0 0 0 0 0 20613862 0 20613862 true false true true true false Museum By Moonlight 153724 21652 132072 30212 Sports Legend Opening 235199 16799 218400 173210 1 14702 14701 1 403625 53152 350473 203422 203422 147051 true UNDERGRADUATE/GRADUATE INTERN TUITION ASSISTANCE 50 57338 UNDERGRADUATE "REACH FOR THE STARS" SCHOLARSHIPS 6 18500 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The Children's Museum of Indianapolis, Inc. awards scholarships to several individuals throughout the year. An independent committee reviews all scholarship applications and selects the recipients. Employees of The Children's Museum of Indianapolis, Inc. and their families are ineligible to receive scholarships. Once the recipients are chosen, the organization monitors the use of grant funds by paying scholarships directly to the recipients' educational institutions of choice. X X X X X false true false false false false false false false Jeffrey Patchen President 773046 0 85000 0 13134 0 96500 0 13417 0 981097 0 0 0 Edward A Bawel Chief Financial Officer 238134 0 18750 0 1584 0 15107 0 35235 0 308810 0 0 0 Jennifer Pace Robinson VP Exhibit Development & Education 215635 0 15875 0 360 0 5200 0 25504 0 262574 0 0 0 Amy Kwas Vice President of Development 210154 0 21600 0 360 0 9250 0 1285 0 242649 0 0 0 Katy Allen VP HR & Organization Development 178438 0 21250 0 360 0 10158 0 34561 0 244767 0 0 0 Brian Statz VP of Operations/Legal Counsel 221308 0 15150 0 360 0 13967 0 34585 0 285370 0 0 0 Lisa Townsend VP Marketing 220261 0 9360 0 1032 0 13392 0 11950 0 255995 0 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The organization has a supplemental nonqualified retirement plan for Jeffrey Patchen (President), however there were no contributions made to the plan during 2018. A THE INDIANA FINANCE AUTHORITY 351602316 000000000 2014-05-05 32000000 TO REFUND 7/30/2003 BONDS false false false B The Indiana Finance Authority 351602316 000000000 2018-06-01 15960000 TO REFUND 5/14/2008 BONDS false false false A 0 0 32000000 0 0 0 0 0 0 0 32000000 0 2014 true false true true B 460000 0 15960000 0 0 0 0 0 0 0 15960000 0 2018 true false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true A false true false false true true PNC BANK 21.0 false false false 0.0 false true B false true false false true true OLD NATIONAL BANK 18.0 false false false false true A true B true X 35 914601 Market value X 8 54952 Cost X Equipment/Supplies 8 19660 Cost 0 false true true Schedule M, Part I EXPLANATIONS OF REPORTING METHOD FOR NUMBER ON CONTRIBUTIONS FOOD INVENTORY: REPORTING NUMBER OF DONORS OTHER: REPORTING NUMBER OF DONORS OTHER: REPORTING NUMBER OF DONORS Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions The Children's Museum of Indianapolis, Inc. uses an online auction organization to sell collections. However, collections are typically used or displayed by the Museum for a period of time after receipt and are sold only after their use in the Museum displays. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - PUBLICLY TRADED: REPORTING NUMBER OF STOCKS DONATED BY 16 DONORS Form 990, Part III, Line 1 ORGANIZATION'S MISSION Continued from Form 990, Part III, line 1 THE CHILDREN'S MUSEUM OF INDIANAPOLIS (THE "MUSEUM"), THE LARGEST CHILDREN'S MUSEUM IN THE WORLD, WAS INCORPORATED IN THE STATE OF INDIANA ON DECEMBER 22, 1925, STATING AS ITS PURPOSE: "TO OPERATE A CHILDREN'S MUSEUM." THE MUSEUM OPENED TO THE PUBLIC IN JANUARY, 1926 AND CURRENTLY ATTRACTS OVER 1,000,000 VISITORS A YEAR. THE MUSEUM IS A PUBLIC MUSEUM OFFERING A BROAD SPECTRUM OF EDUCATIONAL OPPORTUNITIES AND INTERACTIVE FAMILY LEARNING EXPERIENCES TO A DIVERSE AUDIENCE THAT INCLUDES CHILDREN OF ALL AGES, ADULTS, FAMILIES, INDIVIDUALS WITH DISABILITIES, CITIZENS 65 YEARS AND OLDER, TOURISTS, NEIGHBORS, STUDENTS, AND THEIR TEACHERS. THROUGHOUT ITS ENTIRE HISTORY, THE MUSEUM HAS CONTINUED TO DEVELOP INNOVATIVE METHODS TO PROVIDE TRULY EXTRAORDINARY FAMILY LEARNING EXPERIENCES. THE MUSEUM'S EXHIBITION PROGRAM IS A BLEND OF MAJOR, "PERMANENT" FAMILY LEARNING EXHIBITIONS, WITH A PROJECTED "LIFE EXPECTANCY" OF 10-15 YEARS; SPECIAL, TEMPORARY EXHIBITS THE MUSEUM RENTS OR PRODUCES FOR AN AVERAGE PERIOD OF APPROXIMATELY FOUR OR FIVE MONTHS; AND INTERNATIONAL TRAVELING EXHIBITS PRODUCED FOR OTHER MUSEUMS. EDUCATIONAL PROGRAMS AT THE MUSEUM ARE DESIGNED TO RELATE TO, COMPLEMENT, AND DEVELOP THEMES PRESENTED IN PERMANENT, TEMPORARY, AND SPECIAL EXHIBITS; AND TO PROMOTE THE DEVELOPMENTAL NEEDS OF CHILDREN AND THEIR FAMILIES. THE MUSEUM OFFERS MORE THAN 4,000 EDUCATIONAL CLASSES, PROGRAMS, AND ACTIVITIES THROUGHOUT THE YEAR THAT EXTEND AND DEVELOP EXHIBIT THEMES. UNLIKE MOST MUSEUMS CREATED FOR CHILDREN, THE MUSEUM MAINTAINS A COLLECTION. IT IS THE LARGEST AND MOST COMPREHENSIVE COLLECTION OF ANY YOUTH MUSEUM IN THE WORLD, CONSISTING OF MORE THAN 120,000 ARTIFACTS. THE MUSEUM COLLECTS SIGNIFICANT ARTIFACTS AND SPECIMENS TO USE IN EXHIBITIONS AND THEIR EDUCATIONAL PROGRAMS, AND PRESERVES THOSE ARTIFACTS, SPECIMENS, AND THEIR CONTEXTUAL INFORMATION FOR FUTURE GENERATIONS OF CHILDREN AND THEIR FAMILIES. COLLECTIONS ARE DIVIDED INTO THREE PRINCIPAL AREAS OF INTEREST OR "DOMAINS": AMERICAN EXPERIENCE (WHICH INCLUDES A GROWING AFRICAN AMERICAN COLLECTION OF ARTIFACTS), WORLD CULTURES, AND NATURAL WORLD. Form 990, Part III, Line 4c COLLECTIONS CONTINUED FROM FORM 990, PART III, LINE 4C CULTURAL WORLD DOMAIN: COLLECTIONS CONTAIN FOLK TOYS, SPECIAL CLOTHES, DECORATED EVERYDAY OBJECTS AND ART BY CHILDREN AND INTERNATIONALLY-KNOWN ARTISTS. AMERICAN EXPERIENCE DOMAIN: COLLECTIONS CONTAIN OVER 39,500 AMERICAN AND AFRICAN-AMERICAN OBJECTS SPANNING ALMOST 200 YEARS. THESE ARE SEEN BY FAMILIES AND CHILDREN IN GALLERY EXHIBITS AND EDUCATIONAL ACTIVITIES. THE ARTIFACTS AND SPECIMENS IN THE COLLECTION OF THE CHILDREN'S MUSEUM ARE IMPORTANT BECAUSE: THEY TELL STORIES THAT CONNECT GENERATIONS; THEY OFFER INSIGHT INTO THE LIVES OF PEOPLE HERE AND IN OTHER PARTS OF THE WORLD; THEY ARE REFERENCE POINTS FOR CHILDREN TO COMPARE THEIR LIVES WITH PEOPLE THROUGH TIME AND ACROSS CULTURES; THEY INSPIRE OUR IMAGINATION AND ENRICH OUR LIVES. Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS/KEY EMPLOYEES THE FIRM OF QUATT & ASSOCIATES WAS RETAINED TO REVIEW, ANALYZE AND GIVE RECOMMENDATIONS ON THE COMPENSATION FOR THE OTHER MEMBERS OF THE EXECUTIVE TEAM IN 2013. DOCUMENTATION OF THE FINDINGS AND RECOMMENDATIONS WAS GENERATED BY QUATT, REVIEWED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE VICE PRESIDENT OF HR&OD AND THE PRESIDENT/CEO. COMPENSATION DETERMINATIONS ARE MADE ANNUALLY BASED ON THE ANALYSIS OF: THE JOB DESCRIPTION, COMPARABLE MARKET DATA, THE QUALIFICATIONS OF THE INCUMBENT, INTERNAL EQUITY AND INPUT FROM PROFESSIONAL COMPENSATION CONSULTANTS IN ACCORDANCE WITH ALL APPLICABLE LAWS AND REGULATIONS AND IN COMPLIANCE WITH MUSEUM POLICY. THIS COMPENSATION REVIEW PROCESS WAS LAST PERFORMED DURING 2014. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee of the Board of Trustees is comprised of members of the Board, and does not include individuals who are not on the Board. The Executive Committee may exercise all of the powers of the Board of Trustees in the governance of the Museum during intervals between meetings of the Board of Trustees and subject to such limitations as may be required by law or by resolution of the Board of Trustees. The Board of Trustees may, at its discretion, rescind the acts of the Executive Committee but such rescission shall be effective only from and after the date of such rescission. The Executive Committee may also from time to time formulate and recommend to the Board of Trustees policies regarding the management of the business and affairs of the Museum. Form 990, Part VI, Line 11b Review of form 990 by governing body The Final Form 990 was reviewed in detail by management, and the Final Form 990 was provided to every member of the governing body for review prior to the November 15, 2019 filing deadline. Form 990, Part VI, Line 12c Conflict of interest policy A conflict of interest policy is in place that applies to all Trustees, Distinguished Advisors, Honorary Trustees, committee members, employees and volunteers. A conflict of interest statement is signed annually by Trustees, Distinguished Advisors, Honorary Trustees, committee members, and upper management employees. Once the conflict of interest statements are signed, they are reviewed by in-house legal counsel for potential or actual conflicts of interest. At all times, all persons who have an actual or potential conflict of interest are required to disclose it - Trustees, Distinguished Advisors, Honorary Trustees and committee members make such disclosure to the Board of Trustees; employees and volunteers make such disclosure to the VP of Human Resources, who then contacts the Museum's CEO and the Board Chair. Before any transaction involving a potential conflict of interest may occur, the Board of Trustees is required to determine whether an actual conflict of interest exists and, if so, whether a more advantageous transaction or arrangement is reasonably attainable under circumstances not producing a conflict of interest, and whether the proposed transaction is in the Museum's best interest, is for the Museum's own benefit, and is fair and reasonable. The interested person may not participate in the Board's discussion or decision regarding the potential conflict. Conflicts of interest discovered once a transaction is in process will be addressed by the Board as soon as possible, and the interested person may be subject to discipline, including termination, for failure to disclose the conflict in a timely manner. Form 990, Part VI, Line 15a Process to establish compensation of top management official At the end of calendar year 2014, the Board Compensation Committee engaged two separate external independent firms as counsel to conduct a customized salary assessment and market analysis for the total compensation of the President & CEO and to assist with the development of an employment agreement for the President & CEO. The Committee engaged Quatt Associates (Quatt) and Price Waterhouse Coopers (PWC). The recommendations and feedback were taken under advisement by the Committee. The market analysis process involved, a review of the executive's current compensation and responsibilities, determination of a specific marketplace of comparative organizations, market analysis of the comparable peer group and finally, Quatt and PWC submitted specific recommendations for both base and variable pay adjustment for the CEO position. In addition, the Board conducted the annual performance assessment for the CEO. That process involved the following: The CEO provided an outline of his accomplishments for the prior year to the Compensation Committee. He recommended a list of staff members and others to participate in the confidential survey of his performance, conducted by the Compensation Committee. The Committee distributed the same survey to all Board of Trustee members. The survey results were compiled by the Chair of the Board, in confidence. The Chair shared a synopsis of the feedback with the members of the Compensation Committee (The Compensation Committee is comprised of either Officers of the Board of Trustees and /or past Chairs of the Board of Trustees). During Fiscal Year 2017 the Compensation (using information gathered from the independent consultants (previous years) and committee members) asked the CFO to prepare a compensation market analysis. This process involved the CFO assembling a collection of data from a specific marketplace of comparative organizations identified by the Compensation Committee and President/CEO. The Committee then determined both the base and variable pay adjustments for the President/CEO position. During 2018 the Compensation committee reviewed the past years compensation studies and materials and gave the President an increase that was the same as all Museum staff members . Subsequently, the Compensation Committee made a compensation recommendation which was shared with the Executive Committee of the Board of Trustees for approval. The Executive Committee then approved the recommendation of the Compensation Committee: this occurred in March of 2015 ,March of 2016 , April of 2017 and April of 2018(The new rate was retroactive to January 1, 2015, 2016, 2017 and 2018). The decision was reported to the full Board of Trustees, in private Executive session, this occurred during the May, 2015, May, 2016, and May, 2017, May 2018 Board Meetings. The Compensation Committee with the approval of the Executive Committee executed a 5-year employment agreement on December 2, 2014, which will expire on December 31, 2019. Form 990, Part VI, Line 19 Required documents available to the public The conflict of interest policy, financial statements, and governing documents are available to the public upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances change in value of swap - -1309273; change in accounting for membership revenue - -1577196; SIDNEY ENTERPRISES LLC 3000 N MERIDIAN ST INDIANAPOLIS IN 46208 350867985 PROPERTY DEVELOPMENT & RENOVATION IN 6600 2513144 THE CHILDREN'S MUSEUM OF INDIANAPOLIS INC TREX ENTERPRISES LLC 3000 N MERIDIAN ST INDIANAPOLIS IN 46208 453931834 PROPERTY HOLDING & MAINTENANCE IN 579171 1727509 THE CHILDREN'S MUSEUM OF INDIANAPOLIS INC THE CHILDREN'S MUSEUM GUILD INC 3000 N MERIDIAN ST INDIANAPOLIS IN 46208 310931317 SUPPORT MUSEUM IN 501(c)(3) Type III-FI NA false CHARITABLE REMAINDER UNITRUST (1) N/A NA IN 00000 CRUT IN NA Trust false false false true false false false false false false false false false true true true true true false false