Northeast Classic Car Museum Inc
- Assets
- $7.0m
- Revenue
- $555.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 16-1546130
Organization Overview
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. 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 12/2022, Northeast Classic Car Museum Inc generated $555.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $684.0k during the year ending 12/2022. 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Angelino Trustee | Trustee | 0 | $0 |
Daniel Bartz Trustee | Trustee | 0 | $0 |
Sheila Briglin Trustee | Trustee | 0 | $0 |
Homer Burch Trustee | Trustee | 0 | $0 |
Anthony Capaccio Trustee | Trustee | 0 | $0 |
Sewain Conklin Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,999 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,293 |
| Noncash contributions included in lines 1a–1f | $9,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,292 |
| Total Program Service Revenue | $111,412 |
| Investment income | $112,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,120 |
| Net Income from Fundraising Events | $215,979 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,065 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $555,463 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $195,554 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $5,080 |
| Other employee benefits | $9,975 |
| Payroll taxes | $16,328 |
| Fees for services: Management | $5,776 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,181 |
| Advertising and promotion | $116,207 |
| Office expenses | $27,374 |
| Information technology | $3,815 |
| Royalties | $0 |
| Occupancy | $119,979 |
| 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 | $104,056 |
| Insurance | $29,535 |
| All other expenses | $0 |
| Total functional expenses | $683,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $297,922 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,811,441 |
| Investments—publicly traded securities | $3,688,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,993,752 |
| Accounts payable and accrued expenses | $13,618 |
| Grants payable | $0 |
| Deferred revenue | $6,060 |
| 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 | $19,678 |
| Net assets without donor restrictions | $6,694,480 |
| Net assets with donor restrictions | $279,594 |
| 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 | $6,993,752 |