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 12/2021, Mahan Collection Foundation Inc generated $804.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $425.2k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORG. CONTINUED TO RESTORE ITS ANTIQUE TRUCKS INCURRING $365,428 IN CAPITALIZED EXPENSES; IMPROVING AND ADDING TO THE COLLECTION TO DISPLAY TO THE PUBLIC FOR EDUC/HIST PURPOSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Goldstein V.p./treasurer/trustee | 1 | $0 | |
Gary A Mahan President/trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $710,250 |
Interest on Savings | $0 |
Dividends & Interest | $1,645 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $83,637 |
Capital Gain Net Income | $83,637 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $9,270 |
Other Income | $0 |
Total Revenue | $804,802 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $166,725 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $14,517 |
Depreciation | $90,979 |
Occupancy | $11,964 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $133,630 |
Total operating and administrative expenses | $425,152 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $425,152 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $57,340 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $63,767 |
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 | $560,488 |
Other assets | $4,854,759 |
Total assets | $5,705,285 |
Accounts payable and accrued expenses | $475 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $1,199,460 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,199,935 |
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