National Motorcycle Museum is located in Anamosa, IA. The organization was established in 2007. 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, National Motorcycle Museum employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Motorcycle 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 12/2021, National Motorcycle Museum generated $639.3k 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 (5.7%) each year. All expenses for the organization totaled $491.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. 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
PROMOTE AND ENCOURAGE HISTORICAL AND EDUCATIONAL RESEARCH CONCERNING THE MOTORCYCLE AND ITS HISTORY BY OPERATING A MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED AND ENCOURAGED HISTORICAL AND EDUCATIONAL RESEARCH CONCERNING THE MOTORCYCLE AND ITS HISTORY BY OPERATING A MUSEUM WHICH HAD 9814 VISITORS IN 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jill A Parham President | OfficerTrustee | 2.5 | $0 |
Zachery Parham Vice President | OfficerTrustee | 2.5 | $0 |
Randy Baxter Board Member | Trustee | 0.5 | $0 |
Curt Gandy Board Member | Trustee | 0.5 | $0 |
Somer Hooker Board Member | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $4,056 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $65,080 |
All other contributions, gifts, grants, and similar amounts not included above | $232,381 |
Noncash contributions included in lines 1a–1f | $126,602 |
Total Revenue from Contributions, Gifts, Grants & Similar | $301,517 |
Total Program Service Revenue | $118,028 |
Investment income | $220 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $4,460 |
Net Gain/Loss on Asset Sales | $2,634 |
Net Income from Fundraising Events | $146,763 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $62,319 |
Miscellaneous Revenue | $0 |
Total Revenue | $639,297 |
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 | $0 |
Other salaries and wages | $154,592 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,038 |
Fees for services: Management | $0 |
Fees for services: Legal | $30 |
Fees for services: Accounting | $16,068 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,000 |
Advertising and promotion | $45,482 |
Office expenses | $16,819 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $52,367 |
Travel | $5,548 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $63,874 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $73,891 |
Insurance | $20,750 |
All other expenses | $6,902 |
Total functional expenses | $491,773 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $49,160 |
Savings and temporary cash investments | $338 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $324 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $70,260 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,010,528 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $14,835,121 |
Total assets | $15,965,731 |
Accounts payable and accrued expenses | $12,312 |
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 | $953,276 |
Secured mortgages and notes payable | $1,388,605 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $12,716,718 |
Total liabilities | $15,070,911 |
Net assets without donor restrictions | $894,820 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $15,965,731 |
Over the last fiscal year, we have identified 2 grants that National Motorcycle Museum has recieved totaling $306.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $231 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 01/12/21 | $75 |
Organization Name | Assets | Revenue |
---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
National Czech & Slovak Museum & Library Cedar Rapids, IA | $33,480,949 | $3,909,322 |
Vesterheim Norwegian American Museum Decorah, IA | $24,953,272 | $7,187,886 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |