Iowa 80 Trucking Museum
- Assets
- $37.3m
- Revenue
- $4.2m
- Investments
- $24.0m
- Employees
- 0
- Location
- Walcott, IA
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 33-1041050
Organization Overview
Iowa 80 Trucking Museum is located in Walcott, IA. The organization was established in 2003. According to its NTEE Classification (A54) the organization is classified as: History 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. Iowa 80 Trucking 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 12/2023, Iowa 80 Trucking Museum generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $661.3k during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
ACQUIRE AND MAINTAIN THE OPERATING ASSETS OF THE MUSEUM DEVOTED TO THE CARE AND EXHIBITION OF A COLLECTION OF ANTIQUE TRUCKS AND RELATED TRUCKING MEMORABILIA.NUMBER OF MUSEUM VISITORS = 38,883
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William I Moon III President/director | 1 | $0 | |
Delia M Meier Sr Vp/secretary/director | 1 | $0 | |
James L Tillotson Director | 1 | $0 | |
Jon Hillmann Treasurer/director | 1 | $0 | |
David Meier Director | 1 | $0 | |
Bill Moon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,797,278 |
| Interest on Savings | $105,136 |
| Dividends & Interest | $728,532 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $542,853 |
| Capital Gain Net Income | $3,595,287 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $61,769 |
| Other Income | $11,166 |
| Total Revenue | $4,246,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $106,810 |
| Pension plans, employee benefits | $1,720 |
| Interest | $0 |
| Taxes | $63,629 |
| Depreciation | $247,685 |
| Occupancy | $49,476 |
| Travel, conferences, and meetings | $670 |
| Printing and publications | $0 |
| Other expenses | $180,799 |
| Total operating and administrative expenses | $661,264 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $661,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,729 |
| Savings and temporary cash investments | $3,731,980 |
| Net Accounts receivable | $48,100 |
| 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 | $30,868 |
| Prepaid expenses and deferred charges | $49,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $9,348,989 |
| Other assets | $0 |
| Total assets | $37,261,527 |
| Accounts payable and accrued expenses | $26,495 |
| 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 | $0 |
| Total liabilities | $26,495 |