Otter Cove Childrens Museum LLC
Public records show a registered, tax-exempt organization in good standing.
What it says it does
OUR MISSION IS TO SUPPORT THE OPTIMAL DEVELOPMENT OF OUR REGION'S CHILDREN BY INTENTIONALLY CREATING THE ENVIRONMENT FOR ABUNDANT PLAY OPPORTUNITIES THAT LAUNCH CHILDREN'S IMAGINATIONS, STIMULATE SKILL DEVELOPMENT, AND INSTILL A SENSE OF PLACE AND PURPOSE THAT LASTS A LIFETIME
- Income
- $328,590
- Spending
- $405,732
- Spent on programs
- 72%
- Reserves
- 1.1 months of spending
- Largest source of income
- donations and private grants, 50%
- Employees
- 17
- Volunteers
- 40
- Highest pay
- $57,374, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 60 out of 100.
Reserves
10 of 35Spendable reserves would cover 1.1 months of spending.
Debt
20 of 20It owes 1% of what it owns.
Living within its means
0 of 15Spending exceeded income by 23% of income.
Income trend
15 of 15Income rose 25% on the year before.
Spending floor
15 of 1572% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 46 out of 100.
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $292,963 spent. 265 ANNUAL MEMBERSHIPS WERE PURCHASED/RENEWED (ENCOMPASSING 1,050 INDIVIDUALS). 49 3-MONTH MEMBERSHIPS WERE PURCHASED/RENEWED (196 INDIVIDUALS), 5 CHILDCARE MEMBERSHIPS WERE PURCHASED/RENEWED (28 INDIVIDUALS), 230 FREE ACCESS TO PLAY MEMBERSHIPS WERE AWARDED (1,056 INDIVIDUALS), AND NUMEROUS DAILY PASSES WERE SOLD IN 2024. OTTER COVE HOSTED 51 FIELD TRIPS, 57 BIRTHDAY PARTIES, AND 5 PRIVATE RENTALS IN 2024. A TOTAL OF 27,486 VISITORS WERE SERSVED IN 2024 THROUGH PRGRAMS SUCH AS MUSIC MAKERS, HOMESCHOOL HANGOUTS AND EARLY EXPLORERS. CHILDREN AND FAMILIES THOURGH WEST-CENTRAL MN ALSO PARTICIPATE IN THE OTTER COVE ON THE GO PROGRAM AND PLAYDATES WHERE MUSEUM ACTIVITIES ARE PROUT TO COMMUNITIES IN THE REGION SO ALL KIDS HAVE A CHANCE TO EXPERIENCE OTTER COVE, EVEN WHEN THEY CAN'T MAKE IT TO THE MUSEUM.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2019.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.