The Revs Institute Inc
- Assets
- $9.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Naples, FL
- Founding
- 12/2010
- Data as of
- 12/2022
- 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 12/2022, Revs Institute Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 4 years. 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
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. REVS INSTITUTE INC. OFFERS 144 ARCHIVAL COLLECTIONS, OVER 23,100 BOOKS, 1,677 MAGAZINE TITLES, 201,677 MAGAZINE & JOURNAL ISSUES, AND 1,500,000 ORIGINAL IMAGES OF WHICH 730,095 ARE DIGITIZED AND ON RDL (REVS DIGITAL LIBRARY). REVS INSTITUTE INC. ADDED SEVERAL LIBRARY COLLECTIONS IN 2022: THE RENZO CASTAGNETO PAPERS, COLLECTION ON MICHELIN TIRES, MERCEDES CAR MODEL COLLECTION, RALPH MULFORD COLLECTION, RALPH STEIN COLLECTION, HENRY RYAN COLLECTION OF AUTOMOBILE SALES LITERATURE, OTTO ZAISER PHOTOGRAPH ALBUM, AND COLLECTION OF MOTORCYCLE FESTIVAL PAPERS.
REVS INSTITUTE INC. WAS SELECTED TO HOST A JOINT MEETING OF THE NATIONAL ASSOCIATION OF AUTOMOBILE MUSEUMS AND THE WORLD FORUM FOR MOTOR MUSEUMS ON NOVEMBER 9, 2022 THROUGH NOVEMBER 12, 2022. THE CONFERENCE THEME WAS "THE FUTURE OF THE PAST IS COLLABORATION AND INCLUDED 42 KEYNOTE SPEAKERS, SOME OF WHICH ARE PART OF THE LEADERSHIP OF THE AMERICAN ALLIANCE OF MUSEUMS AND THE INTERNATIONAL OCLC CONSORTIUM. THE ATTENDEES INCLUDED MOTOR MUSEUM PROFESSIONALS, PRINCIPALS, OWNERS AND COLLECTORS. THE FORUM INTINERARY INCLUDED 34 EDUCACIONAL EVENTS. TOPICS INCLUDED AUTOMOBILE ARCHAEOLOGY AND THE MUSEUM, EUROPEAN MUSEUMS WORKING TOGETHER, RELEVANCE OF MOBILITY IN THE LIFECYCLE OF VEHICLES, AND ACOUSTIC EMISSION: A TOOL FOR RESTARTING HISTORICAL ENGINES.
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. REVS INSTITUTE INC. PARTICIPATED IN SEVERAL EVENTS DURING 2022 INCLUDING THE AMELIA CONCOURS D'ELEGANCE, PACIFIC UNION CAR SHOW, HIGHLANDS MOTORING EVENT, PEBBLE BEACH EVENT, AND NICOLA BULGARI AWARD PRESENTATION (AUTOMOTIVE HERITAGE).
REVS INSTITUTE INC PROVIDED EDUCATIONAL TOURS OF THE AUTOMOBILE COLLECTION TO APPROX. 23,166 GUESTS IN 2022 WHICH INCLUDED GENERAL ADMISSION TO 17,893 GUESTS AND CHARITABLE ADMISSIONS (CARS & COFFEE EVENT) TO 287 GUESTS. REVS INSTITUTE INC HOSTED 430 TOURS IN 2022, WHICH INCLUDED 4,827 TOUR GUESTS. ALL GUESTS VISIT 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 |
|---|---|---|---|
Miles C Collier Director & Chairman | 4 | $0 | |
L Scott George Executive Director & Vice Pres | 8 | $0 | |
Parker J Collier Director | 4 | $0 | |
Sandra D Walker Executive Vice President | 1 | $0 | |
Karen S Gibson Secretary And Treasurer | 1 | $0 | |
Robert A Walton Director | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Artichcate Artichoke Catering Inc | 12/30/22 | $72,194 |
Intercity Lines Inc | 12/30/22 | $78,945 |
Walton Robert Dba Robert A Walton Llc | 12/30/22 | $68,642 |
Oclc | 12/30/22 | $98,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,284,743 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,550 |
| Net Rental Income | $51,393 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $752,961 |
| Total Revenue | $3,091,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $521,546 |
| Pension plans, employee benefits | $150,968 |
| Interest | $0 |
| Taxes | $33,087 |
| Depreciation | $141,750 |
| Occupancy | $212,003 |
| Travel, conferences, and meetings | $83,586 |
| Printing and publications | $0 |
| Other expenses | $1,268,115 |
| Total operating and administrative expenses | $2,905,885 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,905,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,156 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,500 |
| 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 | $1,912 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $520,289 |
| Other assets | $9,116,198 |
| Total assets | $9,772,055 |
| Accounts payable and accrued expenses | $0 |
| 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 | $562 |
| Total liabilities | $562 |