500 Museum Of Wheels Inc
- Assets
- $1.5m
- Revenue
- $54.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Terre Haute, IN
- Founding
- 05/2008
- Data as of
- 05/2022
- EIN
- 20-5209830
Organization Overview
500 Museum Of Wheels Inc is located in Terre Haute, IN. The organization was established in 2008. According to its NTEE Classification (A54) the organization is classified as: History 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. 500 Museum Of Wheels 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 05/2022, 500 Museum Of Wheels Inc generated $54.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $55.7k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry T Smith Vice President | 5 | $14,500 | |
Jeffrey B Smith President | 1 | $0 | |
Virginia L Smith Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,000 |
| Net Rental Income | $3,700 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $483 |
| Total Revenue | $54,183 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,950 |
| Depreciation | $7,060 |
| Occupancy | $17,093 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $890 |
| Total operating and administrative expenses | $55,703 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $55,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,888 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $205,272 |
| Other assets | $41,100 |
| Total assets | $1,468,363 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, 500 Museum Of Wheels Inc has awarded $71,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Terre Haute, IN PURPOSE: GENERAL | $40,000 |
CHURCH OF ST BENEDICT PURPOSE: GENERAL | $10,000 |
Terre Haute, IN PURPOSE: GENERAL | $10,000 |
Terre Haute, IN PURPOSE: GENERAL | $6,000 |
CHILDRENS SCIENCE AND TECHNOLOGY PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Holocaust Memorial Foundation Of Illinois Inc Skokie, IL | $79,808,430 | $11,161,559 |
Eaa Aviation Foundation Inc Oshkosh, WI | $62,820,883 | $14,243,844 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
Museum Of Wisconsin Art Inc West Bend, WI | $10,712,368 | $3,038,325 |
Indiana State Museum Foundation Inc Indianapolis, IN | $12,226,178 | $2,921,038 |
Mccreary County Heritage Foundation Inc Stearns, KY | $7,302,941 | $1,742,693 |
Joliet Area Historical Museum Joliet, IL | $1,772,872 | $1,152,214 |
Elawa Farm Foundation Lake Forest, IL | $1,893,992 | $1,361,099 |
National Blues Museum St Louis, MO | $331,359 | $804,940 |
Packers Heritage Inc Green Bay, WI | $657,435 | $1,483,448 |
Rv-Mh Heritage Foundation Inc Elkhart, IN | $10,077,748 | $2,399,719 |