The Revs Institute Inc
- Assets
- $9.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Naples, FL
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 26-3056526
Organization Overview
The Revs Institute Inc is located in Naples, FL. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Revs Institute 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, Revs Institute Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.6m 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 REVS INSTITUTE INC. MANAGES AND FACILITATES AN EDUCATIONAL RESEARCH LIBRARY DEDICATED TO THE INTERDISCIPLINARY STUDY ON ALL FACETS OF THE AUTOMOBILE RANGING FROM ITS HISTORY, MANUFACTURING, AGENT FOR SOCIAL CHANGE, PSYCHO-SOCIAL PERSONIFICATION, RECREATIONAL AND SPORTING USE. THIS EXTENSIVE LIBRARY IS AVAILABLE FREE OF CHARGE TO ACCREDITED RESEARCHERS AND EDUCATIONAL ORGANIZATIONS BY APPOINTMENT BASIS AND THROUGH ONLINE ACCESS. THE REVS INSTITUTE INC. OFFERS 136 ARCHIVAL COLLECTIONS, OVER 26,515 BOOKS, 1674 MAGAZINE TITLES, 200,000 MAGAZINE & JOURNAL ISSUES, AND 1,000,000 ORIGINAL IMAGES OF WHICH 704,000 ARE DIGITIZED AND ON RDL (REVS DIGITAL LIBRARY). THE REVS INSTITUTE INC. DID NOT ADD ANY NEW MAJOR COLLECTIONS IN 2021, HOWEVER, THEY DID ADD TO THE JOEL FINN COLLECTION AND THE DAVID WEGUELIN FILM COLLECTION AND ARCHIVE. THE DAVID WEGUELIN FILM COLLECTION AND LIBRARY IS AN ECLECTIC COLLECTION OF MOTOR RACING AND MOTORING MATERIAL. VISIT: REVSINSTITUTE.ORG.
REVS INSTITUTE INC. HAS BEEN SELECTED TO HOST A JOINT MEETING OF THE NATIONAL ASSOCIATION OF AUTOMOBILE MUSEUMS AND THE WORLD FORUM FOR MOTOR MUSEUMS IN NOVEMBER 2022. THE CONFERENCE THEME IS "THE FUTURE OF THE PAST IS COLLABORATION AND WILL INCLUDE KEYNOTE SPEAKERS FROM THE LEADERSHIP OF THE AMERICAN ALLIANCE OF MUSEUMS AND THE INTERNATIONAL OCLC CONSORTIUM. THE ATTENDEES WILL INCLUDE MOTOR MUSEUM PROFESSIONALS, PRINCIPALS, OWNERS AND COLLECTORS.
THE REVS INSTITUTE INC. ENTERS VARIOUS AUTOMOBILES IN HISTORIC RACES, HISTORIC CAR TOURS, CAR SHOWS AND CONCOURS DE ELEGANCE EVENTS. THE EXHIBITIONS EDUCATE THE PUBLIC ABOUT THE HISTORY OF THE AUTOMOBILE, INCLUDING TEXT LABELS FOR SPECIFIC CARS EXPLAINING THEIR SIGNIFICANCE AND HISTORICAL PERSPECTIVE, AND TRAINED STAFF WHO PROVIDE INFORMATION ON THE AUTOMOBILE. THE REVS INSTITUTE INC. PARTICIPATED IN SEVERAL EVENTS DURING 2021 INCLUDING TARGA 66-PALM BEACH INTERNATIONAL RACEWAY, ROAD SCHOLARS ATLANTA AT MICHELIN RACEWAY AND GREENWICH CONCOURS.
THE REVS INSTITUTE INC. PROVIDED EDUCATIONAL TOURS OF THE AUTOMOBILE COLLECTION TO APPROX. 20,616 GUESTS IN 2021 AND GENERAL ADMISSION TO 16,007 GUESTS. THE REVS INSTITUTE INC. HOSTED 410 TOURS IN 2021, WHICH INCLUDED 4,609 TOUR GUESTS. ALL GUESTS VISIT THE REVS INSTITUTE INC. TO DEEPEN THEIR UNDERSTANDING AND APPRECIATION OF ONE OF THE MOST SIGNIFICANT OF ALL TECHNOLOGICAL INVENTIONS IN THE TWENTIETH CENTURY - THE AUTOMOBILE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Parker J Collier Director | 4 | $0 | |
L Scott George Executive Director & Vice Pres | 8 | $0 | |
Sandra D Walker Executive Vice President | 1 | $0 | |
Karen S Gibson Secretary And Treasurer | 1 | $0 | |
Carl Grant Director | 1 | $0 | |
Mark Vargas Chief Operating Officer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Big Sea Design | 12/30/21 | $94,007 |
Oclc | 12/30/21 | $72,483 |
Intercity | 12/30/21 | $65,791 |
Dr Don Eastman | 12/30/21 | $68,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,161,913 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $30 |
| Other Income | $577,499 |
| Total Revenue | $3,739,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $717,510 |
| Pension plans, employee benefits | $171,062 |
| Interest | $0 |
| Taxes | $54,269 |
| Depreciation | $137,546 |
| Occupancy | $153,392 |
| Travel, conferences, and meetings | $93,698 |
| Printing and publications | $0 |
| Other expenses | $831,041 |
| Total operating and administrative expenses | $2,641,603 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,641,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,365 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $683 |
| 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 | $2,662 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $620,070 |
| Other assets | $8,817,391 |
| Total assets | $9,608,171 |
| Accounts payable and accrued expenses | $19,532 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,908 |
| Total liabilities | $22,440 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Revs Institute Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Mill Park Foundation Naples, FL PURPOSE: OPERATING EXPENSE | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
Galileo School Foundation Inc Sanford, FL | $34,481,901 | $12,247,750 |
Tree Of Knowledge Learning Academy Inc Miami Beach, FL | $8,101,415 | $14,538,092 |
Bridge Prep Academy Of Tampa Inc Miami, FL | $4,019,388 | $14,708,273 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Pemayetv Emahakv Inc Hollywood, FL | $6,038,282 | $10,053,886 |
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Gulf Coast Workforce Development Board Inc Panama City, FL | $2,763,305 | $9,285,107 |
Community Action Agency Of South Alabama Daphne, AL | $2,794,375 | $8,517,867 |
Northeast Florida Community Action Agency Inc Jacksonville, FL | $1,884,590 | $8,774,911 |