On its 2008 tax return (most recent available), the Children's Museum (CM) is shown as having income of $29,608,000, which is down from the previous year's income of $56,674,002. The difference? The Children's Museum has dropped from $38 million plus to $12 million plus return on the Museum's investments. As of the 2008 return the Children's Museum had stocks and other securities totalling $316,061,120.
The Children's Museum pays its executives handsomely too. Museum President Jeffrey Patchen receives a salary and benefits totalling over $500,000. Edward Bewel, CFO, Brian Williams, VP-Development, Craig Emsmiller, VP-Operations, Jennifer Pace-Robinson, VP-Exhibits, Katy Allen, VP-Human Resources, Brian Statz, Attorney and Jennifer Burch, Assistant VP-Development all make salaries and benefits approaching or exceeding $150,000 a year. In 2008, Children's Museum paid out salaries and benefits totalling almost $14 million.
The $100,000 grant would be just 0.33% of the income of the Children's Museum (when compared to its 2008 income). Is our $100,000 really better spent giving it to the Children's Museum rather than spend it on libraries, city parks or to open city pools on time?