2017-11-09T10:00:07-06:00 2016-12-31 350921680 CROWE HORWATH LLP 3815 River Crossing Parkway Suite 3 00 Post Office Box 40977 Indianapolis IN 462400977 990 2016-01-01 350867985 The Children's Museum of Indianapolis Inc CHIL 3173343322 3000 North Meridian Street Indianapolis IN 462084716 Jeffrey H Patchen President 2017-11-08 true Kenneth J Keber P00240883 3175698989 2016 2021-01-29 14:40:06Z Jeffrey H Patchen 3000 N Meridian St Indianapolis IN 462084716 134715570 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. 31 31 410 1021 69594 -337310 22491314 13274120 13168105 13524685 18110207 33868915 2914349 1795727 56683975 62463447 55638 41930 0 0 17843607 18124035 0 0 2005411 21484654 22935426 39383899 41101391 17300076 21362056 381946225 390500139 60923051 60373869 321023174 330126270 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 25338912 41930 14672329 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. 4038534 0 0 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. 945927 0 0 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) 30323373 true true false 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 147 0 true 410 true true true false false false false true true false false false false X 31 31 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 James D Bremner Chair 1.0 X X 0 0 0 Jamie P Merisotis Vice-Chair 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 Michael A Sherman Trustee 1.0 X 0 0 0 Keith Iler Trustee 1.0 X 0 0 0 Muhammad Hassan 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 David J Sousa Trustee 1.0 X 0 0 0 Karen T Hebert Trustee 1.0 X 0 0 0 Steven P Caltrider Trustee 1.0 X 0 0 0 Jennifer M Alvey Trustee 1.0 X 0 0 0 Melissa S Barnes Trustee 1.0 X 0 0 0 Elizabeth Cooke 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 Suzanne Fehsenfeld Trustee 1.0 X 0 0 0 David W Gray 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 Izabela Ozdemir Trustee 1.0 X 0 0 0 Michael F Petrie Trustee 1.0 X 0 0 0 Philip Genetos Trustee 1.0 X 0 0 0 Aman Brar 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 Ina Kamenz 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 Jeffrey Patchen President 40.0 X 729818 0 114875 Edward A Bawel Chief Financial Officer 40.0 X 238688 0 43655 Lisa Townsend VP Marketing 40.0 X 227602 0 21367 Jennifer Pace Robinson VP Exhibit Development & Education 40.0 X 218567 0 15273 Brian Statz VP of Operations/Legal Counsel 40.0 X 208930 0 42185 Katy Allen VP HR & Organization Development 40.0 X 184268 0 41655 David Donaldson VP Information Tech 40.0 X 178514 0 38548 1986387 0 317558 11 false true true F A Wilhelm Construction Co Inc 3914 Prospect Street Indianapolis IN 46203 Construction 2321534 Shiel Sexton Co Inc 902 N Capitol Ave Indianapolis IN 46204 Construction 1698581 Ratio Architects Inc 107 S Pennsylvania St Indianapolis IN 46204 Design and Architecture 1283703 ECHO POINT MEDIA 407 Fulton St Indianapolis IN 46202 Media Placement 886320 CAMBRIDGE ASSOCIATES LLC PO Box 83232 Chicago IL 60691 Investment Advisor 558750 19 X 44821 725500 699800 11803999 301135 13274120 Admission Receipts 900099 6297494 6297494 Membership and Dues 900099 5208642 5208642 Program Receipts 900099 2018549 2018549 0 0 0 0 13524685 3897788 3897788 436254 436254 614420 660201 -45781 0 -45781 69594 -115375 100448466 0 70477339 0 29971127 0 29971127 29971127 372923 44821 165893 207030 207030 2065251 948690 1116561 1116561 Lockers & Coat Check 900099 28300 28300 Stroller & Wagon Rental 900099 20512 20512 Vending Income 900099 1768 1768 31083 31083 0 0 81663 62463447 14672329 69594 34447404 41930 41930 0 0 1127036 563518 563518 13154143 9870616 2513340 770187 767975 526643 178256 63076 2105624 1532816 418802 154006 969257 701711 192083 75463 215925 15500 200425 99050 99050 2686450 2686450 1185668 813357 140847 231464 2318171 2287199 13486 17486 245432 124225 114198 7009 503027 503027 2059843 1897530 144519 17794 96654 75898 12200 8556 521376 263232 210322 47822 1903926 1903926 5810964 5717973 92991 479677 9913 469764 Programs & activities 2319545 2195989 82469 41087 Equipment & exhibitions (Non cap) 2287905 2148650 133060 6195 Research & development 200855 195307 3800 1748 958 958 0 0 41101391 30323373 8772607 2005411 49298 49298 7146340 8006982 10108193 14597160 352553 285036 0 0 0 0 317796 269103 558321 310982 149418795 81702567 65967048 67716228 90195087 60069018 206534317 238534904 0 717272 661428 381946225 390500139 5182290 5463484 1282859 1468783 49025000 48505000 5432902 4936602 60923051 60373869 X 246556774 252738970 54397400 57318300 20069000 20069000 321023174 330126270 381946225 390500139 X 21362056 -12748484 0 0 0 489524 X false true X true false X 7110126 5889364 8495316 22491314 13274120 57260240 0 0 7110126 5889364 8495316 22491314 13274120 57260240 14096024 43164216 4883265 5098090 5700479 6111854 4948462 26742150 0 0 0 0 0 0 283968 309144 513435 252252 422693 1781492 85783882 74448030 0.5032 0.4803 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING GROSS RECEIPTS, COLUMN A - 0.0, COLUMN B - 161373.0, COLUMN C - 461966.0, COLUMN D - 179418.0, COLUMN E - 372923.0, COLUMN F - 1175680.0; DESCRIPTION - COAT CHECK, COLUMN A - 6008.0, COLUMN B - 11287.0, COLUMN C - 8968.0, COLUMN D - 6777.0, COLUMN E - 7651.0, COLUMN F - 40691.0; DESCRIPTION - STROLLER/WAGON RENTAL, COLUMN A - 17992.0, COLUMN B - 18691.0, COLUMN C - 23741.0, COLUMN D - 20044.0, COLUMN E - 20512.0, COLUMN F - 100980.0; DESCRIPTION - LOCKERS, COLUMN A - 20615.0, COLUMN B - 22908.0, COLUMN C - 17643.0, COLUMN D - 19582.0, COLUMN E - 20649.0, COLUMN F - 101397.0; DESCRIPTION - INSURANCE CLAIM PROCEEDS, COLUMN A - 50667.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 25490.0, COLUMN E - 0.0, COLUMN F - 76157.0; DESCRIPTION - UNRELATED BUSINESS TAX REFUND, COLUMN A - 188686.0, COLUMN B - 94885.0, COLUMN C - 1117.0, COLUMN D - 941.0, COLUMN E - 958.0, COLUMN F - 286587.0; 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 295369263 0 18920146 17038957 297250452 302165600 12026388 -4683959 14138766 295369263 295780415 3000000 16062062 12676877 302165600 265730305 1298005 43707626 14955521 295780415 255638654 24919651 14828000 265730305 0.791 0.068 0.141 true false 8395945 8395945 101443072 55344269 46098803 2962521 2765236 197285 6599490 5594222 1005268 30017767 17998840 12018927 67716228 Fixed Income Mutual Funds 18320914 F Beneficial Interest in Investments held by Community Foundation 1353470 F Limited Partnerships 7015386 F Private Equity/Venture Capital 211845134 F 238534904 100000 Interest Rate Swap 4712055 Annuity Payable Liability 124547 4936602 X 49209832 -12748485 66700 494236 -12187549 61397381 2686450 -1620384 1066066 62463447 40106737 66700 1625096 1691796 38414941 2686450 0 2686450 41101391 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 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 included a growing African American collection of artifacts), World Cultures, and Natural World. 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 2016 and 2015: property taxes of $46,000 and $44,000 and sales taxes collected and remitted of $158,000 and $162,000, respectively. As of December 31, 2016 and 2015, 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, 2016 and 2015, 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, 2016 and 2015. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN FAIR VALUE OF INTEREST SWAP - 495194 UBIT EXPENSE - -958 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements COST OF GOODS SOLD - -948690 RENTAL EXPENSES - -660201 FUNDRAISING EVENT EXPENSES - -11493 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF GOODS SOLD - 948690 RENTAL EXPENSES - 660201 FUNDRAISING EVENT EXPENSES - 11493 SCHOLARSHIP ADJUSTMENT - 5670 UBIT EXPENSE - -958 Central America and the Caribbean Investments 7490357 Europe (Including Iceland and Greenland) Investments 7782269 0 0 0 0 0 0 15272626 0 15272626 true false true true true false Beyond Space Ship Earth 226475 17876 208599 0 0 0 0 0 103962 Museum By Moonlight 185959 21635 164324 61931 1 5310 5310 0 0 0 0 0 0 0 417744 44821 372923 0 0 0 0 0 165893 165893 207030 true UNDERGRADUATE/GRADUATE INTERN TUITION ASSISTANCE 47 31930 UNDERGRADUATE "REACH FOR THE STARS" SCHOLARSHIPS 1 10000 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 X false true false false false false false false false Jeffrey Patchen President 624861 0 92251 0 12706 0 103840 0 11035 0 844693 0 0 0 Edward A Bawel Chief Financial Officer 217656 0 20000 0 1032 0 13715 0 29940 0 282343 0 0 0 Lisa Townsend VP Marketing 202570 0 24000 0 1032 0 10472 0 10895 0 248969 0 0 0 Jennifer Pace Robinson VP Exhibit Development & Education 196907 0 21300 0 360 0 5200 0 10073 0 233840 0 0 0 Brian Statz VP of Operations/Legal Counsel 192970 0 15600 0 360 0 12177 0 30008 0 251115 0 0 0 Katy Allen VP HR & Organization Development 163628 0 20280 0 360 0 11671 0 29984 0 225923 0 0 0 David Donaldson VP Information Tech 165982 0 11500 0 1032 0 9465 0 29083 0 217062 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 2016. A The Indiana Finance Authority 351602316 455057NH8 2008-05-14 20493266 to construct/renovate exhibits and to refund 10/11/1995 bonds false false false B THE INDIANA FINANCE AUTHORITY 351602316 2014-05-05 32000000 TO REFUND 7/30/2003 BONDS false false false A 4210000 0 20547852 0 0 0 238713 0 0 5054586 15254573 0 2009 true false true true B 0 0 32000000 0 0 0 0 0 0 0 32000000 0 2014 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 false false true false false false false true B false true false false true true PNC BANK 21.0 false false false 0.0 false true A true B true Schedule K, Part II, Line 3 TOTAL PROCEEDS OF ISSUE 5/14/2008 ISSUE: GROSS PROCEEDS = 20,493,266 INVESTMENT EARNINGS = 54,586 Schedule K, Part IV, Line 2c COLUMN A Issuer name: The Indiana Finance Authority The calculation for computing no rebate due was performed on 10/26/2010 X 17 239319 Market value X 10 49564 Cost X Equipment/Supplies 3 12252 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 17 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 Form 990 is reviewed in detail by management, and a draft of the Form 990 is provided to every member of the governing body for review at a regularly scheduled board meeting. Upon completion, a final draft of the Form 990 is distributed via email to every member of the governing body before is it filed with the IRS. 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). 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 and March 2016 (The new rate was retroactive to January 1, 2015 and 2016). The decision was reported to the full Board of Trustees, in private Executive session, this occurred during the May, 2015 and May, 2016 Board Meetings. The Compensation Committee with the approval of the Executive Committee executed an employment agreement on December 2, 2014. 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 VIII, Line 11d Other Miscellaneous Revenue All other revenue - Total Revenue: 31083, Related or Exempt Function Revenue: 31083, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF INVESTMENT SWAP AGREEMENT - 495194; SCHOLARSHIP ADJUSTMENT - -5670; SIDNEY ENTERPRISES LLC 3000 N MERIDIAN ST INDIANAPOLIS IN 46208 350867985 PROPERTY DEVELOPMENT & RENOVATION IN 0 1888744 THE CHILDREN'S MUSEUM OF INDIANAPOLIS INC TREX ENTERPRISES LLC 3000 N MERIDIAN ST INDIANAPOLIS IN 46208 453931834 PROPERTY HOLDING & MAINTENANCE IN 205424 2405070 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