Nevada Automobile Museum
- Assets
- $4.2m
- Revenue
- $8.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 11/2004
- Data as of
- 06/2021
- EIN
- 20-0862300
Organization Overview
Nevada Automobile Museum is located in Las Vegas, NV. The organization was established in 2004. 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. Nevada Automobile 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 06/2021, Nevada Automobile Museum generated $8.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (37.1%) each year. All expenses for the organization totaled $53.8k during the year ending 06/2021. 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 PUBLIC WITH A DISPLAY OF CLASSIC, ANTIQUE, RARE AND CONTEMPORARY AUTOMOBILES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED THE PUBLIC WITH A DISPLAY OF CLASSIC, ANTIQUE, RARE AND CONTEMPORARY AUTOMOBILES OF SPECIAL INTEREST, AND RELATED ITEMS, AND EDUCATED THE PUBLIC WITH RESPECT TO THESE AUTOMOBILES, THEIR PURPOSE, AS WELL AS THEIR HISTORIC SIGNIFICANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hesselgesser President | OfficerTrustee | 5 | $0 |
Rod Rimbey Director | Trustee | 1 | $0 |
Robert Lebenson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $949 |
| Investment income | $7,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,721 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $19,219 |
| All other expenses | $0 |
| Total functional expenses | $53,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,189,091 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,989,993 |
| Total assets | $4,179,084 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,179,084 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Nevada Automobile Museum has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Nevada Community Foundation Inc Las Vegas, NV PURPOSE: CHARITABLE | $30,000 |
Nevada Community Foundation Inc Las Vegas, NV PURPOSE: CHARITABLE | $30,000 |
National Philanthropic Tr Jenkintown, PA PURPOSE: CULTURE & ARTS | $10,000 |
National Philanthropic Tr Jenkintown, PA PURPOSE: CULTURE & ARTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
Turtle Bay Exploration Park Redding, CA | $48,250,618 | $8,223,185 |
Palm Springs Art Museum Palm Springs, CA | $40,212,131 | $11,070,079 |
Safari Game Search Foundation Winston, OR | $11,893,690 | $8,001,628 |
300 Stewart Avenue Corporation Las Vegas, NV | $56,477,513 | $5,741,723 |
Petersen Automotive Museum Foundation Los Angeles, CA | $222,687,653 | $7,730,255 |
Neon Museum Las Vegas, NV | $8,871,637 | $6,075,872 |
Charles W Bowers Museum Corporation Santa Ana, CA | $25,485,661 | $8,275,057 |
The Leonardo Salt Lake City, UT | $1,888,403 | $4,555,150 |
Sharewell Santa Monica, CA | $15,712,554 | $3,394,744 |