Celebrating Discovery And Play Since 1981 2006-2007 Annual Report WHAT’s in a number 25 Years of Play and Learning Dear Museum supporter, What does “25 years” mean? …to a four-year-old crawling through the ant hill, it’s a really BIG number. …to his mother, who wiggled through Bandana Square’s barrels and boxes, it seems like a lifetime ago. …to his grandmother, trailing after her four-year-old, it seems like yesterday. …to Minnesota Children’s Museum, it sounds like a reason to celebrate! Thanks to the generosity of Minnesota’s families, companies and foundations, Minnesota Children’s Museum has been sparking children’s learning through play for 25 years. Our focus on staying young—or at least thinking young—has welcomed more than six million visitors through our doors. Since opening in 1981, Minnesota Children’s Museum has played a vital role in developing building blocks for future learning. During the past decade, neuroscience and economic analysis have confirmed what parents and educators have always believed: investing in young children is essential for lifelong success. Our visitors obviously agree! We outgrew our first space in downtown Minneapolis with 65,000 visitors after only one year of operations. In our 25th year, we welcomed more than 400,000 visitors to the comer of 7th and Wabasha in downtown Saint Paul—some days feel awfully crowded in our seven galleries. Minnesota Children’s Museum’s board and staff would like to thank the many, many board members, donors, volunteers and staff who, for 25 years, have advanced the Museum’s mission of sparking children’s learning through play. It is a privilege to carry on the commitment of so many to nurture, celebrate and have fun with the youngest citizens of Minnesota. Sarah Caruso Tom Abood President, Minnesota Children’s Museum Board Chair Minnesota Children’s Museum 2006-2007 Annual Report AN OPEN DOOR Bridging the Gap Minnesota’s AwareHouse , Itasc a Building, 19 81 An essential cornerstone of the Museum’s mission group program. Several other programs have been is reaching out to all Minnesota children. Museum added over the years: supporters help make valuable Museum resources • Access Family Memberships: free, one-year passes for low-income families – 6,400 visitors served in 2007; available to low-income families. From the $0.25 admission of 1981 to today’s Target Free 3rd Sundays, the Museum has strived throughout its history to be a welcoming destination for fun and learning across economic barriers. This year alone, $1.14 million in Access program underwriting served 115,000 • Head Start Family Nights: familiarizing Head Start families with the Museum and its membership benefits and offers free memberships; • Passport to Play: free admission via library check out – more than 11,200 visitors served in 2007; visitors. The Museum’s first official Access program began at Bandana Square, with reduced admission for qualifying groups. This year, 4,203 children visited on this Access • Target Free 3rd Sundays: free admission for all visitors – more than 30,100 visitors served in 2007. What’s in a Number? In 2007, Minnesota Children’s Museum went through… …2,142 Story Time stories. …30,351 pounds of paper pulp. …150 gallons of dish soap. Minnesota Children’s Museum 2006-2007Annual Report MAKING NEW FRIENDS Engaging a Community dana Square, 1984 The Awarebus of Ban Minnesota Children’s Museum extends beyond its birth to eight years old. Offered in English and Spanish, walls. The Museum broadens its audience internally the program familiarizes families with museum and and externally through community outreach by bringing library resources. classes and programs to local schools, libraries and community centers. These efforts help build and support With 25 years now under its belt, Minnesota Children’s strong Minnesota families and communities. Museum has begun to reach several generations of families. An increase in community partnership Despite best efforts, the Museum can sometimes be an investment has led to beneficial payoffs. These added intimidating place for some families. If the people don’t efforts resulted in a five-fold increase in one year in West come to the Museum, the Museum goes to the people. Side (St. Paul) Family Night attendance. Community Programs like Para los Niños (“for the children”) help partnerships have enabled 70,000 children to visit the families expand their parenting skills for children from Museum this year through field trips and classes. What’s in a Number? In FY07, Minnesota Children’s Museum… …had 1,624 school buses deliver 70,000 students. …received 4,200 Curious George hugs. …created 500 Curious George graphics. Minnesota Children’s Museum 2006-2007 Annual Report EXHIBIT EVOLUTION Creating the experience Scensory==ie mart, Bandana Square, 1989 2007 brought the world’s most famous and inquisitive Geo-Zoooom! in 1997, more than 5.5 million visitors monkey to Minnesota Children’s Museum. Museum have experienced the fun and learning expertise of designers and developers – nationally known for their Minnesota Children’s Museum. Currently, U.S. and world-class work – tapped into early math, science Canadian audiences enjoy seven Museum-produced and engineering skills to create the exhibit Curious exhibits on tour. George™: Let’s Get Curious! While the Museum builds exciting new exhibits, it With the recent movie success and smash-hit status of continues to enhance its beloved permanent galleries. the PBS series, Curious George™: Let’s Get Curious! Renovations continue in Our World , one of the most was destined to be an audience favorite across the popular galleries. Additions include the return of an old generations. In the first two months, Curious George Bandana Square favorite that many of today’s parents had more than 100,000 visitors. Since the Museum’s might remember: the medical clinic. first contribution to the traveling exhibit community, What’s in a Number? In FY07, Minnesota Children’s Museum went through… …244 gallons of paint. …18 gallons of glue. …6 miles of pipe cleaners. …57,000 pom poms. Minnesota Children’s Museum 2006-2007Annual Report 25 days of fun A Celebration Worth Remembering dana Square 1995 Closing Celebrating, Ban A walk through the Museum reveals itsfive educational 5,300 hours of programming led by Museum staff and focus areas. Earth World emphasizes the natural world; volunteers. Rooftop ArtPark encourages artistic expression; Our World helps visitors form cultural connections; World Activities and events during 25 Days of Fun! in March Works taps into physical science; and the prevalence of and April provided special emphasis – with themes such books in every gallery nurtures a love of literacy. as Amazing ANTics Day (natural world) and Pajama Party Night (love of reading). These days were designed These five focus areas also guide drop-in education to highlight the overarching focus areas of the Museum programs such as Story Time, Big Fun! and Snake Sense. and celebrate the Museum’s 25th birthday. More than 210,000 visitors participated in this year’s What’s in a Number? In a year, Minnesota Children’s Museum… …replaces 600 light bulbs. …retires 10,000 ping pong balls. …cycled 1,200 gallons of water each week Minnesota Children’s Museum 2006-2007 Annual Report A HUMBLE THANK YOU Reaching Generations of Minnesotans The crane, Band ana Square, 199 3 Minnesota Children’s Museum could not do the important ideas to continue growing. Associations and partnerships work it does if not for the generosity of its donors. When come in all shapes and sizes, from an awe-inspiring cash ideas for the current building first surfaced in 1993, the gift to the smallest smile. 3M Foundation’s unprecedented Museum knew it needed outside support. After years cash and in-kind gift for Curious George™: Let’s Get of operating largely on earned revenue – only a third of Curious! allowed the Museum to create a math, science the budget came from donations – Minnesota Children’s and engineering adventure for a whole nation of children Museum’s ambitions and ideas became much bigger. to enjoy. The Summer Squad volunteer painted his nose at the Spark Cart and inspired a shy four-year-old to Donor support has helped Museum realize these experiment with her own design. These relationships ambitions and goals. Donor investments now supply more make the Museum what it is today. They also set the stage than half the annual budget, which allows creativity and for the endless possibilities ahead in the next 25 years. 1985 AwareHouse opens in Bandana Square at Old Como Railroad yards with three times the size of the Minneapolis site. 1979 Museum founded. Spots in History A Museum Timeline 1981 Minnesota’s AwareHouse opens in Minneapolis with 65,000 visitors in first year and $100,000 in donations raised from community. 1991 Museum placed in top 10 children’s museums in the country with 250,000 visitors. Minnesota Children’s Museum 2006-2007Annual Report DONORS A Tribute to Support We thank all our individual donors for the personal generosity and commitment to our 2007 Annual Fund. Your support is essential as we work to reach more children and families with our mission of sparking children’s learning through play. Carl & Eloise Pohlad Family Foundation RBC Dain Rauscher Foundation Securian Foundation Corporate and Foundation Donors Athwin Foundation Dellwood Foundation, Inc. Hardenbergh Foundation Malt-O-Meal Company Margaret Rivers Fund Rosemount, Inc. Valspar Foundation $50,000 and above F.R. Bigelow Foundation General Mills Foundation Graco Foundation The McKnight Foundation The Saint Paul Foundation Whole Foods Market $2,500 - $4,999 3M Foundation Andersen Corporate Foundation Patrick and Aimee Butler Family Foundation Ecolab Foundation Macy’s North Mardag Foundation Seagate Technology St. Paul Travelers Foundation Thrivent Financial for Lutherans Foundation $10,000 - $24,999 Fred C. and Katherine B. Andersen Foundation Hugh J. Andersen Foundation Beckman Coulter, Inc. Boston Scientific Foundation The Cargill Foundation The Curtis L. Carlson Family Foundation Deluxe Corporation Foundation John Larsen Foundation Pentair Foundation The Medtronic Foundation U.S. Bancorp Foundation Wells Fargo Foundation Minnesota Xcel Energy Foundation Edwin W. and Catherine M. Davis Foundation Faegre & Benson Foundation The Hubbard Broadcasting Foundation Kopp Family Foundation Margaret H. & James E. Kelley Foundation, Inc. Mayo Clinic Nordstrom, Inc. Pearson NCS Sit Investment Associates, Inc. Charles B. Sweatt Foundation Tennant Foundation Thomson West The Elizabeth C. Quinlan Foundation, Inc. Andersen Corporation Boss Foundation H.B. Fuller Company Foundation R C Lilly Foundation MAHADH Fund of HRK Foundation Minnesota College Savings Plan The NFC Foundation Piper Jaffray Foundation Ameriprise Financial Services, Inc. Burlington Northern Santa Fe Foundation Federated Department Stores Foundation Gap Foundation General Mills Foundation GMAC ResCap The Medtronic Foundation Microsoft Matching Gifts Program Price Waterhouse Coopers RBC Dain Rauscher Foundation St. Paul Travelers Foundation The Saint Paul Foundation Thrivent Financial for Lutherans Foundation U.S. Bancorp Foundation Wells Fargo Foundation Minnesota Exhibit Sponsors 3M - Curious George: Let’s Get Curious! Frey Foundation of Minnesota Access/ability The Medtronic Foundation - 1992 On 10th anniversary, name change to Minnesota Children’s Museum. St. Paul Travelers Foundation provides $1 million grant for new building in downtown Saint Paul. General Mills Foundation, I.A. O’Shaughnessy Foundation and an anonymous donor provide additional $500,000 grants. In-Kind Donors 3M John Anderson Bailey Nurseries, Incorporated Campbell Mithun Clear Channel General Mills Paloma La Hoz and Andres Prado KARE 11 La Prensa Medtronic, Inc. Minnesota Parent Mpls. St. Paul Magazine Mary Jo and Winston Peterson Pioneer Press Seagate Technology Star Tribune Twin Cities Public Television Toro Foundation Valspar Foundation $1,000 - 2,499 Individual Donors Children’s Circle We are especially grateful for the exceptional commitment from the following individuals who form our 2007 Children’s Circle by giving a gift of $1,000 or more to the 2007 Annual Fund. $10,000 and above Thomas Abood Martha and Bill Meyers $5,000 - $9,999 Michael and Paige Bingham Fund of The Minneapolis Foundation Michael and Cathy Lee Bill and Amy McKinney William and Cindy Schmoker The Richard M. and Sandra J. Schulze Family Fund of The Saint Paul Foundation Ann Simonds Anonymous Mark Addicks Kari and William Alldredge Charlene and Mark Altman Elmer L. & Eleanor J. Andersen Foundation Sarah J. Andersen James and Debra Arneson Martha and Bruce Atwater Fund of The Minneapolis Foundation Burdick-Craddick Family Foundation The Ted and Karen Contag Family Fund of the Lutheran Community Foundation Henry and Kristi Cousineau Jim and Megan Dayton Vanessa and David Dayton Ann and Scott Dayton Edward and Sherry Ann Dayton Jack and Claire Dempsey Fund of The Minneapolis Foundation Pat and Lisa Denzer Michael and Susan DeVoe Doug and Katharine Donaldson Dougherty Family Foundation Stuart and Nancy Friedell Family Foundation Elizabeth and Michael Gorman Regina Groves Sara and Taylor Harwood Robert J. and Mary Jane Haugh Trust Fund of The Saint Paul Foundation Lisa and Boyd Hesdorffer Christine and David Hobrough Kim and Willard Hunnewell Charles and Anne Johnson Merle and Mort Kane 1997 Museum builds its first national traveling exhibit, Geo-Zoooom! On the Go with Geography!, which brings play and learning to 1,000,000 children throughout U.S. 1995 Grand opening of Minnesota Children’s Museum downtown Saint Paul. With 375,000 visitors in first year, Museum becomes 3rd largest U.S. children’s museum. Fundraising campaign goal exceeded – nearly $16 million in donations received. Sara and Steve Zawoyski Yellow Book USA Corporate Matching Gifts $5,000 - $9,999 Anonymous Fund of The Minneapolis Foundation Gordon and Margaret Bailey Foundation Craig Bentdahl and Stephanie Simon Sarah and Jerry Caruso John and Lynn Clifford Martha Dayton and Thomas Nelson Pat and Christine Donovan Bridget and Sean Ennevor Julia Ferguson and Richard Rinkoff Amy Giovanini and Ben Ahrens Marialice and Nevin Harwood Liz and Van Hawn James and Rochelle Heinz John and Lois Rogers Dick and Kit Schmoker Ed and Valerie Spencer $2,500 - $4,999 State of Minnesota Zelle, Hofmann, Voelbel, Mason & Gette, LLP Youth Museum Exhibit Collaborative Xcel Energy Corporation SnowBall Winter Fun Terri Tersteeg and James Peterson City of St. Paul Cultural STAR Program Institute of Museum and Library Services $1,000 - $2,499 $25,000 - $49,999 Gina and Thomas Sprenger Government Support Archie D. & Bertha H. Walker Foundation Target The Magic School Bus Kicks Up a Storm Pulte Homes - Bob the Builder Project: Build It Wells Fargo Bank, N.A. - Inside Art Minnesota Children’s Museum 2006-2007 Annual Report 2001 Museum launches Free 3rd Sundays program, sponsored by Target. Child magazine places Minnesota Children’s Museum in top 10 best U.S. children’s museums 1998 National Science Foundation (NSF) awards prestigious grant to Minnesota Children’s Museum to design, develop and produce Go Figure! exhibit. Still touring to date, Go Figure! has toured more than 25 children’s museums and libraries throughout the country. Alexandra and Robert Klas Andrea Kmetz-Sheehy and Robert Sheehy Kim and Steve Koeppen Maureen and Donald Kvam LaFrenz Family Foundation Lori Larson and David Yesnes Peter and Kristine Maritz McCarthy-Bjorklund Foundation Susan McNeely and Harry G. McNeely III Michelle and Matthew Mesenburg Ken and Sue Murray Rick and Lisa Noel The Allegro Fund of The Saint Paul Foundation John and Marla Ordway Charitable Lead Trust Cassy and Philip Ordway John Lavander and Nancy Owen Marcia Page and John Huepenbecker Katherine and Stephanie Jo Payne Cynthia and Philip Pillsbury Par and Sara Ridder Walter and Elizabeth Ringer Larry and Terrie Rose Kris and Steve Rose Hugh and Margaret Schilling Nora Slawik Jeffrey and Helene Slocum Tina and Arch Smith Robin and David Sternberg Amy and Robert Stolpestad Terhuly Foundation Richard and Gail Weinberg Jane and James Wiltz Margaret and Angus Wurtele Discoverer $500 - $999 Anonymous Barbara and Winston Adams Carol Aegerter Mr. and Mrs. Gerald C. Backhaus Jo and Gordon Bailey Sally Baker Ross and Hamilton Ross Peter Benson and Carolyn Munson-Benson Ann and Jay Boekhoff Cathy and Sean Callahan Martin and Esther Capp Dr. Meria J. Carstarphen William and Susan Costello Mae and Toby Dayton Litton and Anne Field Beverly and Richard Fink Family Foundation Jack and Linda Goldenberg Nancy M. and Robert W. Hatch Jack and Kate Helms Julie and Steve Henseler Christine and David Hobrough Kris and Scott Johnson Arthur and Martha Kaemmer Laura Beth Landy and Michael Israel Mary and Jim Lawrence LeJeune Family Foundation Ilo and Peggy Leppik Andrea & Larry McGough Donor Advised Fund of the Catholic Community Foundation Katie and William Miller Katherine and John Morrison Russell and Nancy Nelson Katherine Nason Ford and Catherine Nicholson Melissa and James O’Shaughnessy Stephanie and Michael Ott Steve and Linnea Pajor Dean and Karin Phillips Drs. Cynthia and Herbert Pick Carleen Rhodes Randall and Gail Ross Scott and Jill Sando John Sieff and Philip Sieff Jon and Lea Theobald Mark T. Webb Betsy and David Weyerhaeuser Sandy and Rich Worthing Explorer $250 - $499 Anonymous Darren Acheson and Carol Peterson Gregory Allen Terry and Nancy Anderson Charina Angara and Ted Sanjuan Keri and Phillip Bahar M. Brigid and Kevin Brindley John Carlson and Lois Hollingsworth David and Molly Clark John and Gretchen Corkrean Douglas H. and Sarah J. Crowther Christine and Loren Danielson Kevin and Elizabeth Dooley Carl B. Drake, Jr. Dr. P.J. and Linda Flynn Renee and Mark Frisch Fred and Marie Friswold Steven and Aisha Friswold James and Joan Gardner Kristy and David Gigerich Corey and Kelly Gordon Jack Hansen and Joan LeGare-Hansen Suzin and Bernt Helgaas Donald Helgeson Carrie and Richard Higgins Lesli Hines and Michael Launer Chris and Val Jackson Kari and Brett Johnson Richard G. Kelly, Jr. Mylene and Chris Kocourek Kurt and Julie Krumenauer Karen Larson Caiti Laszewski Patricia M. Lee Tasslyn and Dan Magnusson Susan and Edwin McCarthy Lu and Nancy McCoy Robert and Polly McCrea Michael and Mary Kate McFadden Geoff and Ann Michel James and Kathy Morton Christy O’Shea Novak Suzanne and Bill Payne Pat Ricci Gene and Dawn Ryan Sanger Family Foundation Rachael Scherer and Stephen Imholte Patrick Schuna Jeanne Vergeront and Andrew Dick Nancy and David Warner Fred and Liz Weiner Mary and Jeff Werbalowsky Ted and Nancy Weyerhaeuser Samuel White and Eva Cordes Helen and J. Kimball Whitney Mr. and Ms. Frank S. Wilkinson, Jr. Ruth and Kenneth Wilson Media: Charlie and Julie Zelle Kate and Doug Donaldson Marialice and Nevin Harwood Molly O’Shaughnessy and Mike Monahan Suzanne and Bill Payne Susan and Jonathon Seltzer Katherine and Douglas Skor Valerie and Ed Spencer Amy and Rob Stolpestad Angie Woodhouse Gala Supporters Presenting Sponsor $25,000 Excel Bank Décor Sponsor $15,000 Macy’s North Best Buy Thrivent Financial for Lutherans Target Sustainers $5,000 Bremer Brookfield Properties Gray, Plant, Mooty, Mooty & Bennett, P.A. Imation LaSalle Bank Little & Company McKinsey & Company Mpls. St. Paul Magazine St. Paul Travelers USBank Wells Fargo Xcel Energy 2004 Museum completes capital campaign, exceeding $10 million goal. Largest campaign gifts from State of Minnesota, Target, KBA Fund of The Saint Paul Foundation. National Endowment for the Arts provides first grant to Museum to support exhibit production. 2003 Museum receives Promising Practice Award for St. Paul Public School partnership, from the Association of Children’s Museum. 2005 Twin Cities Business Partners $2,500 Andersen Corporation @ Home Apartments Bernstein Global Wealth Management CarVal Investors Dorsey & Whitney LLP Ecolab Faegre & Benson LLP Fredrikson & Byron, P.A. Goldsmith-Agio-Helms Medtronic, Inc. Spyglass Creative TCF Foundation U.S. Trust Winthrop & Weinstine, P.A. Patron Table Bonnie and Jim D’Aquila Patrons Individual Tables Benefactors $10,000 New annual attendance record: 414,392. New daily attendance record: 6,479 visitors to see Clifford the Big Red Dog™ exhibit Mpls. St. Paul Magazine Star Tribune Tom Abood Amy Giovanini and Ben Ahrens Harold Dahl Elizabeth and Van Hawn Wendy and Peter Hitch Kim Downy Nayman and Dan Nayman Martha Dayton and Tom Nelson Cassey and Phil Ordway Ann Simonds Thanks also to… D’Amico Catering The Lusso Collection MSP Communications Napa Jack’s Julie Nelson Phillips Distilling Company Showcore, Inc. Summit Brewery 2006 Museum’s 25th birthday celebration. Museum receives second Promising Practice Award. 3M funds design, development and production of national traveling exhibit, Curious George! Let’s Get Curious, with $500,000 grant. Museum receives grant from Institute of Museum and Library. Governor Pawlenty declares Minnesota Children’s Museum day. 2007 Museum receives third Promising Practice Award. Museum sets a new annual fundraising record: more than $2.5 million to support learning through play thanks to generous donors like you. Minnesota Children’s Museum 2006-2007Annual Report FINANCIAL INFORMATION Statement of Financial Position June 30, 2007 Assets Cash and Cash Equivalents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,959,465 Accounts Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67,509 Pledges and Grants Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 719,803 Prepaid Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112,431 Investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,447,831 Land, Building and Equipment, Net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,812,757 Total Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $16,119,796 SUPPORT & REVENUE Liabilities Accounts Payable & Accrued Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $471,750 Deferred Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 913,065 Total Liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,384,815 Net Assets Unrestricted - Undesignated. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,050,169 Unrestricted - Designated*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,165,464 Temporarily Restricted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,330,520 Permanently Restricted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,188,828 Total Net Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,734,981 Total Liabilities and Net Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $16,119,796 Statement of Activity Year Ended June 30, 2007 Support and Revenue Grants and Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,740,816 Museum Admissions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,211,939 Memberships. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 631,306 Program Inccome. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 717,176 Investment Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 839,288 Other Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 517,888 Total Support and Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,658,413 31% Grants and Contributions 21% Museum Admissions 15% Investment Income 13% Program Income 11% Memberships 9% Other Income EXPENSES Expenses Program. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,747,404 Administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,183,468 Fundraising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 460,747 Total Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,391,619 Change in Net Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $266,794 Net Assets, Beginning of Year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $14,468,187 Net Assets, End of Year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,734,981 *Unrestricted-Designated Net Assets includes amounts designated by the Borad of Directors for the following purposes: Fixed Asset Replacement. . . . . . . . . . . . . . . . . . . . . . . . . . . $550,000 Cash Operating Reserve. . . . . . . . . . . . . . . . . . . . . . . . . . . . 275,000 Endowment Cumulative Earnings. . . . . . . . . . . . . . . . . . . . . . 1,340,464 69% Grants and Contributions 22% Museum Admissions 9% Memberships 10 Minnesota Children’s Museum 2006-2007 Annual Report Board members Ribbon Cutting, Officers Thomas J. Abood, chair Martha Dayton Randall R. Ross Peter Leppik Itasca Building, Board Members Kari G. Alldredge Charlene J. Altman Peg Bailey Peter L. Benson Craig Bentdahl Meria Carstarphen John P. Clifford, Jr. Susan DeVoe Kelly Frankenfeld Steven P. Friswold Amy Giovanini Reggie Groves James D. Heinz Maureen Kvam Karen Larson Lori J. Larson Michael T. Lee Bill McKinney Susan McNeely Michelle Mesenburg Geoffrey S. Michel William C. Schmoker Ann W. H. Simonds Nora Slawik Gina Sprenger Robin Sternberg Terri A. Tersteeg Richard A. Weinberg Minnesota Children’s Museum 2006-2007Annual Report 11 1981 MISSION Sparking children’s learning through play FOUNDATIONAL BELIEFS Early learning is the foundation for lifelong learning. Familes are our chidlren’s first teachers. All children deserve a time and place to children. Diverse perspectives enrich children’s lives. Playing is learning. 10 West Seventh Street • Saint Paul MN 55102 • 651-225-6000 • www.MCM.org Photography by Brad Daniels
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