Classic Car Club Of America Museum Inc
- Assets
- $9.5m
- Revenue
- $512.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Hickory Corners, MI
- Founding
- 12/1982
- Data as of
- 12/2022
- EIN
- 22-2416022
Organization Overview
Classic Car Club Of America Museum Inc is located in Hickory Corners, MI. The organization was established in 1982. 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. Classic Car Club Of America 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, Classic Car Club Of America Museum Inc generated $512.3k 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 (8.8%) each year. All expenses for the organization totaled $406.9k 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 PRESERVE AND DISPLAY CLASSIC AUTOMOBILES AND RELATED MATERIALS, TO ENCOURAGE PUBLIC INTEREST IN THE DESIGN, MANUFACTURE, AND USE OF SAME, TO EXPLAIN THEIR IMPORTANCE TO AUTOMOBILE HISTORY, AND TO ERECT, EQUIP AND MAINTAIN MUSEUM BUILDINGS AND A LIBRARY TO HOUSE THE COLLECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OWNS 35 RARE CLASSIC AUTOMOBILES AND A MASCOT COLLECTION WHICH ARE DISPLAYED IN HISTORIC STYLED BUILDINGS. MEMBERSHIP IS APPROXIMATELY 500 FOR THE MUSEUM WITH MEMBERSHIP OF THE CLASSIC CAR CLUB OF AMERICA CAR CLUB AT APPROXIMATELY 3,000. THERE ARE APPROXIMATELY 80,000 VISTORS TO THE MUSEUM CAMPUS EACH YEAR. MEMBERS ARE SERVED BY A QUARTERLY NEWSLETTER, EMAIL BLASTS, A YOUTUBE CHANNEL, A WEBSITE AND A FACEBOOK PAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Haag President | OfficerTrustee | 15 | $0 |
Carrol Jensen Vice President | OfficerTrustee | 7 | $0 |
Greg Stachura Secretary | OfficerTrustee | 7 | $0 |
Greg Kosmatka Treasurer | OfficerTrustee | 7 | $0 |
Lee Barthel Trustee | Trustee | 0.25 | $0 |
Steve Babinsky Trustee | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Group Delphi Museum Design | 12/30/21 | $766,781 |
Barthel Contracting Company General Contractor | 12/30/21 | $584,522 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,744 |
| Fundraising events | $50,270 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,555 |
| Total Program Service Revenue | $0 |
| Investment income | $127,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,445 |
| Net Income from Fundraising Events | -$46,389 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $512,302 |
| 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 | $50,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,081 |
| Fees for services: Management | $16,640 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,580 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,995 |
| Office expenses | $6,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,064 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,522 |
| Insurance | $25,299 |
| All other expenses | $0 |
| Total functional expenses | $406,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,089 |
| Savings and temporary cash investments | $622,545 |
| 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 |
| Net Land, buildings, and equipment | $3,047,349 |
| Investments—publicly traded securities | $5,833,326 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,548,309 |
| Accounts payable and accrued expenses | $42,855 |
| 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 | $42,855 |
| Net assets without donor restrictions | $8,473,461 |
| Net assets with donor restrictions | $1,031,993 |
| 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 | $9,548,309 |