Northeast Classic Car Museum Inc is located in Norwich, NY. The organization was established in 1998. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Northeast Classic Car Museum Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Classic Car Museum Inc 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 12/2021, Northeast Classic Car Museum Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $444.3k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE GENERAL PUBLIC A SERIES OF PARTICIPATORY AND EDUCATIONAL EXHIBITS FOCUSING ON VEHICLES WHICH HAVE PLAYED A ROLE IN THE EVOLUTION OF TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL DISPLAY OF VEHICLES FOR MUSEUM. THE MUSEUM IS OPEN SEVEN DAYS A WEEK AND MOST HOLIDAYS. THE MUSEUM USUALLY ATTRACTS IN EXCESS OF TWELVE THOUSAND VISITORS EACH YEAR.
GENERAL MISSION OF THE ORGANIZATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen Littlefield Secretary | OfficerTrustee | 5 | $0 |
Philip Giltner Treasurer | OfficerTrustee | 5 | $0 |
Edward O'reilly Trustee | OfficerTrustee | 5 | $0 |
Richard Schutt President | OfficerTrustee | 5 | $0 |
Sheila Briglin Trustee | Trustee | 0 | $0 |
Daniel Bartz Trustee | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $8,475 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,496,052 |
Noncash contributions included in lines 1a–1f | $69,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,504,527 |
Total Program Service Revenue | $96,183 |
Investment income | $398,274 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $136,934 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $26,153 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,162,071 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $163,076 |
Compensation of current officers, directors, key employees. | $39,056 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $27,568 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,890 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $41,071 |
Office expenses | $22,434 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $36,740 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $64,793 |
Insurance | $27,436 |
All other expenses | $2,941 |
Total functional expenses | $444,339 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $416,276 |
Savings and temporary cash investments | $141,572 |
Pledges and grants receivable | $475,000 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $364,043 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $2,312,422 |
Investments—publicly traded securities | $4,266,120 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,975,433 |
Accounts payable and accrued expenses | $142,947 |
Grants payable | $0 |
Deferred revenue | $3,419 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $146,366 |
Net assets without donor restrictions | $6,956,644 |
Net assets with donor restrictions | $872,423 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $7,975,433 |
Over the last fiscal year, we have identified 7 grants that Northeast Classic Car Museum Inc has recieved totaling $929,500.
Awarding Organization | Amount |
---|---|
Higley Foundation Inc Norwich, NY PURPOSE: RENOVATIONS | $350,000 |
The@frederick B And Ramona E Mirabito Foundation Norwich, NY PURPOSE: RENOVATIONS | $350,000 |
R C Smith Foundation Inc Norwich, NY PURPOSE: RENOVATIONS | $150,000 |
Roger Follett Foundation Inc Norwich, NY PURPOSE: DEVELOP A CONCEPTUAL DESIGN FOR FACADE IMPROVEMENTS | $37,500 |
Greater Norwich Foundation Norwich, NY PURPOSE: GENERAL OPERATING SUPPORT | $37,500 |
Thomas M & Esther C Flanagan Charitable Foundation Norwich, NY PURPOSE: GENERAL | $4,000 |
Beg. Balance | $4,095,350 |
Earnings | $398,274 |
Net Contributions | $20,116 |
Other Expense | $118,768 |
Ending Balance | $4,394,972 |
Organization Name | Assets | Revenue |
---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |