Mahan Collection Foundation Inc
- Assets
- $6.5m
- Revenue
- $1.4m
- Investments
- $114.8k
- Employees
- 0
- Location
- Bernardsville, NJ
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 22-3846170
Organization Overview
Mahan Collection Foundation Inc is located in Bernardsville, NJ. The organization was established in 2002. 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. Mahan Collection 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 12/2022, Mahan Collection Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $538.4k during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORG. CONTINUED TO RESTORE ITS ANTIQUE TRUCKS INCURRING $797,957 IN CAPITALIZED EXPENSES; IMPROVING AND ADDING TO THE COLLECTION TO DISPLAY TO THE PUBLIC FOR EDUC/HIST PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary A Mahan President/trustee | 1 | $0 | |
Robert Goldstein V.p./treasurer/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,151,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $197,291 |
| Capital Gain Net Income | $197,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,200 |
| Total Revenue | $1,352,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $165,382 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,739 |
| Depreciation | $94,327 |
| Occupancy | $10,340 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $241,942 |
| Total operating and administrative expenses | $538,370 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $538,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,714 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $126,542 |
| 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 | $500,882 |
| Other assets | $5,658,199 |
| Total assets | $6,466,111 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,146,880 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,146,880 |