2016-06-21T15:42:07-05:00 2015-09-30 236410283 ISDANER & COMPANY LLC THREE BALA PLAZA SUITE 501 WEST BALA CYNWYD PA 190043484 990 2014-10-01 232109376 PLEASE TOUCH MUSEUM PLEA 2155813181 4231 AVENUE OF THE REPUBLIC PHILADELPHIA PA 19131 PATRICIA WELLENBACH PRESIDENT AND CEO 2155813181 2016-06-21 1 ARTHUR ZATZ P00072591 6106684200 2014 2016-09-27 15:27:22Z PATRICIA WELLENBACH EFF 4231 AVENUE OF THE REPUBLIC PHILADELPHIA PA 19131 19905385 0 X WWW.PLEASETOUCHMUSEUM.ORG X 1976 PA PLEASE TOUCH MUSEUM ENRICHES THE LIVES OF CHILDREN BY CREATING LEARNING OPPORTUNITIES THROUGH PLAY. 12 12 227 0 0 0 827187 1627961 5889498 5829889 1197109 1203495 537089 299495 8450883 8960840 0 0 0 0 4311725 4052696 0 0 1126373 11529487 11301998 15841212 15354694 -7390329 -6393854 71661763 44714089 60787343 64629290 10874420 -19915201 PLEASE TOUCH MUSEUM ENRICHES THE LIVES OF CHILDREN BY CREATING LEARNING OPPORTUNITIES THROUGH PLAY. 0 0 9702796 5829889 EVERY YEAR, MORE THAN HALF A MILLION VISITORS ENTER THE MUSEUM'S NATIONAL HISTORIC LANDMARK BUILDING, A GRAND AND FITTING SETTING FOR PURPOSEFUL PLAY AND HANDS-ON EXPERIENCES THAT SUPPORT THE DEVELOPMENT OF EARLY LITERACY AND STEAM-BASED SKILLS, NURTURE AN INTEREST IN ARTS AND CULTURE, AND PROMOTE THE WELL-BEING OF THE WHOLE CHILD. PLEASE TOUCH MUSEUM ALSO REACHES CHILDREN AND FAMILIES WHERE THEY ARE, BY TAKING ITS LITERACY AND PARENT ENGAGEMENT PROGRAMS TO SCHOOLS AND COMMUNITY-BASED CENTERS IN THE PHILADELPHIA AREA. 9702796 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 48 0 1 227 1 0 0 0 0 0 1 1 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X X GEOFFREY LAPRES 2155813181 4231 AVENUE OF THE REPUBLIC PHILADELPHIA PA 19131 KATE SHIELDS MEMBER 3.00 X 0 0 0 BRUCE ARONOW MEMBER 3.00 X 0 0 0 ELIZABETH CARTMELL IMMEDIATE PAST CHAIR 3.00 X X 0 0 0 SHARON GCOGHLAN ESQ MEMBER 3.00 X 0 0 0 RUTH HIRSHEY LINCOLN MEMBER 3.00 X 0 0 0 BARBARA KLOCK MD MEMBER 3.00 X 0 0 0 SALLY W STETSON CHAIRPERSON 3.00 X X 0 0 0 BENNETT THOMAS MEMBER 3.00 X 0 0 0 KRISTEN VIEIRA TRAYNOR TREASURER 3.00 X X 0 0 0 JOSEPH FANELLI SECRETARY 3.00 X X 0 0 0 RICHARD TEWKSBURY MEMBER 3.00 X 0 0 0 BENJAMIN L JOHNSON MEMBER 3.00 X 0 0 0 GIE LIEM EMERITUS 1.00 X 0 0 0 LEE ROSENGARD EMERITUS 1.00 X 0 0 0 MICHAEL ARMENTO CFO 40.00 X 112980 0 12108 LYNN MCMASTER PRESIDENT & CEO 40.00 X 245112 0 7253 LESLIE WALKER VP VISITOR ENGAGEMENT 40.00 X 100615 0 3930 458707 0 23291 3 0 1 0 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 CONSULTING 353691 STRADLEY RONON STEVENS & YOUNG LLP 2005 MARKET STREET PHILADELPHIA PA 191037018 LOBBYING 156016 KWC STRATEGIES 450 CHURCH ROAD DEVON PA 19333 BUSINESS DEVELOPMENT CONSULTING 140167 DILWORTH PAXSON LLP 1500 MARKET STREET 35TH FLOOR PHILADELPHIA PA 19102 LEGAL 140000 4 1122500 505461 1627961 MUSEUM ADMISSIONS 900099 3924517 3924517 MEMBERSHIP DUES 900099 1178049 1178049 VAR MUSEUM PROGRAMS 900099 727323 727323 5829889 345447 345447 11474679 10616631 858048 858048 858048 102710 65816 36894 36894 524699 262098 262601 262601 8960840 6092490 0 1240389 468439 160424 284467 23548 2975211 1495372 1014120 465719 52016 24934 18571 8511 242779 122206 84359 36214 314251 151554 117810 44887 105035 105035 14000 14000 206282 206282 267567 267567 586995 1325 481678 103992 1543264 763137 711693 68434 2932945 2199709 733236 3544607 3309951 219833 14823 322419 160384 155383 6652 REORGANIZATION 1467673 1100755 366918 EDUC., PROGRAM, & EXHIB 281300 209190 7861 64249 PRINTING & PUBLICATIONS 29911 3855 4279 21777 15354694 9702796 4525525 1126373 1337455 256848 267084 2359672 299948 1268159 146191 145027 235724 222068 53512380 23512380 54790640 30000000 8567023 2217936 632868 583780 5384830 7660599 71661763 44714089 1017216 4186784 59721964 59635970 48163 806536 60787343 64629290 X 9184389 -21495285 257947 148000 1432084 1432084 10874420 -19915201 71661763 44714089 X -6393854 -1190159 -23205608 X X 0 1 X 1 0 X 2968471 2599346 2553521 2071538 2806010 12998886 2968471 2599346 2553521 2071538 2806010 12998886 12998886 251574 377497 311339 314921 345447 1600778 14599664 29816468 0.89040 0.90930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 156016 156016 15198678 15354694 917735 229434 0 0 932163 937135 942061 917735 3729094 5593641 36000 15000 30000 156016 237016 233041 234284 235515 229434 932274 1398411 X X 0 2265665 -47729 2217936 2072347 193318 2265665 1857751 214596 2072347 1547052 310699 1857751 1576034 -28982 1547052 1.00000 0 0 39747720 12063565 27684155 1921245 879239 1042006 11843415 10569576 1273839 30000000 CASH HELD IN ESCROW 7660599 7660599 LONG TERM PORTION OF CAPITAL LEASE OBLIGATION 32954 LIABILITIES SUBJECT TO COMPROMISE - ACCOUNTS PAYABLE AND ACCRUED EXPENSES 773582 806536 X 8179500 -1190159 70205 338614 -781340 8960840 0 8960840 38969121 70205 23544222 23614427 15354694 0 15354694 PART III, LINE 4: SINCE OPENING IN 1976, PLEASE TOUCH MUSEUM BEGAN COLLECTING OBJECTS FOR EXHIBITS AND PROGRAMS. MANY OF THESE ITEMS WERE DONATED BY STAFF, VISITORS AND FRIENDS OF THE MUSEUM. IN 1983, THE MUSEUM RE-ENERGIZED THE COLLECTION TO FOCUS ON CONTEMPORARY TOYS AND HISTORIC CHILDLIFE. THE CURATOR WORKS WITH DONORS TO DOCUMENT THE HISTORY OF THE OBJECTS AND PREVENT DUPLICATION OF OBJECTS. A BOARD OF DIRECTORS COLLECTION COMMITTEE REVIEWS MAJOR ACQUISITIONS TO ENSURE THEY FIT WITHIN THE SCOPE OF COLLECTION, THE MUSEUM'S MISSION, AS WELL AS ENSURE THAT THEY CAN BE GIVEN THE PROPER CARE FOR POSTERITY. OBJECTS, ONCE IN THE COLLECTION, ARE RESEARCHED, CATALOGUED, PHOTOGRAPHED, NUMBERED, STORED AND MADE READY FOR USE BY THE MUSEUM - AND PRESERVED FOR FUTURE GENERATIONS OF VISITORS TO PLEASE TOUCH MUSEUM. IN OCTOBER 2008, PLEASE TOUCH MUSEUM MOVED TO MEMORIAL HALL IN FAIRMOUNT PARK. THE BUILDING IS A NATIONAL HISTORIC LANDMARK THAT WAS BUILT FOR THE 1876 CENTENNIAL EXHIBITION. PLEASE TOUCH MUSEUM RESTORED THE BUILDING. PLEASE TOUCH MUSEUM UTILIZES THE GRANDEUR AND BEAUTY OF MEMORIAL HALL TO BRING TOGETHER THE PAST, PRESENT, AND THE FUTURE, WHILE STAYING TRUE TO ITS MISSION OF "ENRICHING THE LIVES OF CHILDREN BY CREATING LEARNING OPPORTUNITIES THROUGH PLAY." PART X, LINE 2: THE MUSEUM IS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PURSUANT TO FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740, THE MUSEUM RECOGNIZES TAX BENEFITS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION (INCLUDING THE MUSEUM'S ASSERTION THAT ITS INCOME IS EXEMPT FROM TAX) WILL BE SUSTAINED UPON EXAMINATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF SEPTEMBER 30, 2015 OR 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 262,098. SPECIAL EVENTS EXPENSE 65,816. UNCOLLECTIBLE PLEDGES (RECOVERIES) 10,700. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 262,098. SPECIAL EVENTS EXPENSE 65,816. ASSET IMPAIRMENT CHARGE 23,205,608. UNCOLLECTIBLE PLEDGES 10,700. VARIOUS FUNDRAISING EVENTS 102710 102710 65816 102710 102710 65816 65816 36894 1 X X X 0 0 0 0 0 0 0 0 0 LYNN MCMASTER PRESIDENT & CEO 245112 0 0 0 0 0 0 0 7253 0 252365 0 0 0 A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 717818S74 2006-11-08 60000000 FINANCING MEMORIAL HALL PROJECT 0 0 0 A 60000000 5376342 1072914 49790653 2009 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 STRADLEY RONON STEVENS & YOUNG LLP A BOARD MEMBER IS A PARTNER AT STRADLEY RONON STEVENS & YOUNG LLP 156016 STRADLEY RONON STEVENS & YOUNG PROVIDES LOBBYING AND LEGAL SERVICES TO THE ORGANIZATION. 0 PNC BANK A BOARD MEMBER IS CHIEF COUNSEL AT PNC BANK 43869 PNC BANK PROVIDES INVESTMENT MANAGEMENT SERVICES TO THE ORGANIZATION, AND ACCORDINGLY CHARGES FEES FOR THESE SERVICES. 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 TAX FILING IS PREPARED BY THE MUSEUM'S OUTSIDE ACCOUNTING FIRM WITH INPUT FROM THE MUSEUM'S ACCOUNTING DEPARTMENT. ONCE COMPLETED, IT IS REVIEWED INTERNALLY BY THE CFO AND MUSEUM MANAGEMENT. IT IS THEN SENT TO THE MUSEUM'S BOARD OF DIRECTORS VIA EMAIL FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C PLEASE TOUCH MUSEUM PROVIDES EMPLOYEES AND BOARD MEMBERS WITH A CONFLICT OF INTEREST POLICY. EMPLOYEES ARE REQUIRED TO AGREE AND SIGN THE POLICY AS A CONDITION OF EMPLOYMENT. BOARD MEMBERS ARE REQUIRED TO RE-SIGN THE POLICY ON AN ANNUAL BASIS. WHEN REVIEWING PROPOSALS IN RESPONSE TO RFP'S THE MUSEUM'S SENIOR MANAGEMENT TEAM MAKES EVERY EFFORT TO DETERMINE WHETHER ANY POTENTIAL CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PACKAGES FOR OFFICERS AND KEY EMPLOYEES OF THE MUSEUM ARE VETTED INTERNALLY BEFORE MAKING ANY OFFERS TO CANDIDATES. MARKET COMPETITIVE COMPENSATION LEVELS ARE DETERMINED BY ANALYZING BOTH LOCAL AND NATIONAL SALARY SURVEYS. GATHERED DATA IS THEN PRESENTED TO THE BOARD FOR REVIEW AND INPUT. FORM 990, PART VI, SECTION C, LINE 19 PLEASE TOUCH MUSEUM'S ORGANIZATION DOCUMENTS, INCLUDING ANNUAL REPORTS, FINANCIAL STATEMENTS, ETC. ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AND ARE POSTED ON THE MUSEUM'S WEBSITE. FORM 990, PART XI, LINE 9: ASSET IMPAIRMENT CHARGE -23,205,608. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR CHAPTER 11 BANKRUPTCY UPDATE: ON SEPTEMBER 11, 2015, THE MUSEUM FILED A VOLUNTARY PETITION (THE "PETITION") FOR RELIEF IN THE UNITED STATES BANKRUPTCY COURT, EASTERN DISTRICT OF PENNSYLVANIA UNDER CHAPTER 11 OF TITLE 11 OF THE U.S. BANKRUPTCY CODE (THE "BANKRUPTCY COURT"). THE MUSEUM CONTINUED TO OPERATE ITS BUSINESS AS "DEBTOR-IN-POSSESSION" UNDER THE JURISDICTION OF THE BANKRUPTCY COURT AND IN ACCORDANCE WITH THE APPLICABLE PROVISIONS OF THE CODE AND ORDERS OF THE BANKRUPTCY COURT. ON MARCH 16, 2016, THE MUSEUM'S PLAN OF REORGANIZATION ("PLAN") WAS FORMALLY CONFIRMED BY THE BANKRUPTCY COURT, AND THE MUSEUM OFFICIALLY EMERGED FROM BANKRUPTCY ON MARCH 31, 2016.