Seal Cove Auto Museum
- Assets
- $1.0m
- Revenue
- $491.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Seal Cove, ME
- Founding
- 12/1966
- Data as of
- 12/2022
- EIN
- 01-0277592
Organization Overview
Seal Cove Auto Museum is located in Seal Cove, ME. The organization was established in 1966. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seal Cove Auto Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Seal Cove Auto Museum generated $491.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $431.3k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN AUTO MUSEUM WHICH HAD OVER 13,000 VISITORS VIEWING THE COLLECTION AT ITS LOCATION IN SEAL COVE. SEVERAL VEHICLES IN ITS COLLECTION WERE DISPLAYED AND VIEWED OFF PREMISES BY OVER 100,000 INDIVIDUALS AT CAR SHOWS AND IN PARADES NATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Broom Director | 0 | $0 | |
Barbara Fox Director | 0 | $0 | |
Chris Koch Director | 0 | $0 | |
David Glaser Treasurer | 0 | $0 | |
David White Director | 0 | $0 | |
Andrew Oldman Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $390,900 |
| Interest on Savings | $636 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $4,288 |
| Other Income | $95,648 |
| Total Revenue | $491,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $214,046 |
| Pension plans, employee benefits | $21,103 |
| Interest | $2,338 |
| Taxes | $0 |
| Depreciation | $19,684 |
| Occupancy | $38,450 |
| Travel, conferences, and meetings | $4,116 |
| Printing and publications | $0 |
| Other expenses | $102,259 |
| Total operating and administrative expenses | $431,331 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $431,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360 |
| Savings and temporary cash investments | $588,336 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $14,310 |
| Prepaid expenses and deferred charges | $3,128 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $203,244 |
| Other assets | $212,000 |
| Total assets | $1,021,378 |
| Accounts payable and accrued expenses | $7,087 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $75,613 |
| Other liabilities | $0 |
| Total liabilities | $82,700 |