The Owls Head Transportation Museum
- Assets
- $15.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 29
- Location
- Owls Head, ME
- Founding
- 04/1974
- Data as of
- 12/2021
- EIN
- 22-2590547
Organization Overview
The Owls Head Transportation Museum is located in Owls Head, ME. The organization was established in 1974. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Owls Head Transportation Museum employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owls Head Transportation 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, Owls Head Transportation Museum generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 0.0% per year over the past 7 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
COLLECT, PRESERVE, EXHIBIT, AND OPERATE PRE-1940 AIRCRAFT, GROUND VEHICLES, ENGINES, AND RELATED TECHNOLOGIES SIGNIFICANT TO THE EVOLUTION OF TRANSPORTATION FOR THE PURPOSE OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATIONS: COLLECT, MAINTAIN, AND DISPLAY AIR AND GROUND VEHICLES AND ENGINES THAT PLAYED A ROLE IN THE EVOLUTION OF TRANSPORTATION. PROGRAMS INCLUDE RESEARCH, COLLECTION OF INFORMATION AND OPERATION OF ENGINES AND VEHICLES.
EDUCATION: FOCUS ON EXHIBITS AND EVENTS DESIGNED TO INFORM AND EDUCATE THE PUBLIC.
CULTIVATION AND PROMOTION: FOCUS ON NEWSLETTER AND OTHER MEDIA PRESENTATIONS TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Bedford Executive Director | Officer | 40 | $119,460 |
Thomas H Rudder Chairman | OfficerTrustee | 5 | $0 |
Gary C Dunton Co-Treasurer | OfficerTrustee | 1 | $0 |
John Harris Secretary | OfficerTrustee | 1 | $0 |
John D Karp Co-Treasurer | OfficerTrustee | 3 | $0 |
Charles T Akre Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,217 |
| Fundraising events | $25 |
| Related organizations | $0 |
| Government grants | $215,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,848,316 |
| Noncash contributions included in lines 1a–1f | $1,288,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,168,158 |
| Total Program Service Revenue | $285,982 |
| Investment income | $122,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,805 |
| Net Gain/Loss on Asset Sales | $184,218 |
| Net Income from Fundraising Events | $575,220 |
| Net Income from Gaming Activities | $54,870 |
| Net Income from Sales of Inventory | $44,347 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,437,392 |
| 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. | $121,935 |
| Compensation of current officers, directors, key employees. | $24,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $853,190 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,918 |
| Payroll taxes | $76,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $215 |
| Fees for services: Accounting | $20,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $147,705 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,122 |
| Advertising and promotion | $114,697 |
| Office expenses | $138,770 |
| Information technology | $23,459 |
| Royalties | $0 |
| Occupancy | $109,854 |
| Travel | $8,009 |
| 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 | $160,000 |
| Insurance | $65,938 |
| All other expenses | $96,061 |
| Total functional expenses | $2,079,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,563,926 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500,000 |
| 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 | $25,689 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,020,589 |
| Investments—publicly traded securities | $9,330,893 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $296,600 |
| Total assets | $15,737,697 |
| Accounts payable and accrued expenses | $78,941 |
| 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 | $8,809 |
| Other liabilities | $0 |
| Total liabilities | $87,750 |
| Net assets without donor restrictions | $13,027,124 |
| Net assets with donor restrictions | $2,622,823 |
| 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 | $15,737,697 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that The Owls Head Transportation Museum has recieved totaling $580,160.
| Awarding Organization | Amount |
|---|---|
Richard C Paine Jr Automobile Collection Charitable Trust Portland, ME PURPOSE: TO FUND OWLS HEAD TRANSPORTATION MUSEUM - DISPLAYS CLASSIC AUTOS | $500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $30,100 |
Eric And Simone Lang Foundation Pennington, NJ PURPOSE: GENERAL OPERATING | $10,000 |
Kelson Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Cascade Foundation Rockport, ME PURPOSE: ARTS AND CULTURE | $10,000 |
Spellissy Foundation Wayne, PA PURPOSE: EDUCATIONAL AND TUTORIAL ENDEAVORS | $5,000 |
Endowment Analysis
| Beg. Balance | $7,550,124 |
| Earnings | $2,061,047 |
| Other Expense | $280,278 |
| Ending Balance | $9,330,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Owls Head Transportation Museum Owls Head, ME | $15,737,697 | $4,437,392 |
Seacoast Science Center Inc Rye, NH | $3,319,223 | $2,391,425 |
Mcauliffe-Shepard Discovery Center Corporation Concord, NH | $430,383 | $1,049,243 |
See Science Center Inc Manchester, NH | $461,831 | $786,505 |
Space Gallery Portland, ME | $1,609,486 | $583,397 |
Francis Malcolm Science Center Inc Easton, ME | $108,794 | $0 |
Maine Forestry Museum Rangeley, ME | $61,294 | $0 |