Studebaker National Museum Foundation Inc
- Assets
- $1.2m
- Revenue
- $166.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 20-8028196
Organization Overview
Studebaker National Museum Foundation Inc is located in South Bend, IN. The organization was established in 2009. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Studebaker National Museum Foundation 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, Studebaker National Museum Foundation Inc generated $166.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $9.4k during the year ending 12/2021. While expenses have increased by 20.3% per year over the past 6 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 GENERATE AND MANAGE CONTRIBUTIONS DONATED FOR THE PURPOSES OF SUPPORTING THE STUDEBAKER NATIONAL MUSEUM OPERATIONS OF A HISTORICAL MUSEUM PROVIDING HOUSING, DISPLAY AND RESTORATION FACILITIES FOR A COLLECTION OF HISTORICAL VEHICLES, ARCHIVES AND VARIOUS ARTIFACTS RELATED TO THE STUDEBAKER AUTOMOBILE CORPORATION AND THE CITY OF SOUTH BEND, INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO GENERATE AND MANAGE CONTRIBUTIONS DONATED FOR THE PURPOSES OF SUPPORTING THE STUDEBAKER NATIONAL MUSEUM OPERATIONS OF A HISTORICAL MUSEUM PROVIDING HOUSING, DISPLAY AND RESTORATION FACILITIES FOR A COLLECTION OF HISTORICAL VEHICLES, ARCHIVES AND VARIOUS ARTIFACTS RELATED TO THE STUDEBAKER AUTOMOBILE CORPORATION AND THE CITY OF SOUTH BEND, INDIANA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Ruszkowski President | OfficerTrustee | 2 | $0 |
Shane Stopczynski Treasurer | OfficerTrustee | 2 | $0 |
Patrick Slebonick Executive Di | Officer | 2 | $0 |
Tom Curtis Board Member | Trustee | 2 | $0 |
John Farrell Board Member | Trustee | 2 | $0 |
Steven Haines Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $40,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,288 |
| Total Program Service Revenue | $0 |
| Investment income | $93,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,817 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,200 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $4,225 |
| Total functional expenses | $9,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,440 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,000 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,142,881 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,236,321 |
| 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 | $2 |
| Net assets with donor restrictions | $1,236,319 |
| 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 | $1,236,321 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Studebaker National Museum Foundation Inc has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Robert L And Frances J Zielsdorf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Robert L And Frances J Zielsdorf Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Public Broadcasting Foundation Inc Madison, WI | $32,720,675 | $11,782,247 |
Indianapolis Symphony Orchestra Foundation Inc Indianapolis, IN | $120,040,413 | $10,534,808 |
Wisconsin History Foundation Inc Madison, WI | $57,186,900 | $14,378,166 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Minnetrista Cultural Foundation Inc Muncie, IN | $19,419,646 | $5,083,805 |
Overture Center Foundation Inc Madison, WI | $20,998,721 | $8,215,874 |
Conner Prairie Foundation Inc Fishers, IN | $182,758,575 | $6,601,081 |
Overture Development Corporation Madison, WI | $128,656,351 | $0 |
Mariners Museum Tr No 2 P03152009 Chicago, IL | $40,886,491 | $1,565,814 |
World Chess Museum Inc St Louis, MO | $1,624,573 | $2,628,298 |
John R Vanderlip Trust Uw 5006 Nect Milwaukee, WI | $35,603,983 | $4,156,554 |