Packard Museum Association
- Assets
- $652.8k
- Revenue
- $306.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Warren, OH
- Founding
- 02/1991
- Data as of
- 12/2023
- EIN
- 34-1648683
Organization Overview
Packard Museum Association is located in Warren, OH. The organization was established in 1991. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Packard Museum Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Packard Museum Association 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, Packard Museum Association generated $306.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $229.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A MUSEUM AVAILABLE TO THE PUBLIC THAT PRESERVES THE HISTORY ASSOCIATED WITH THE PACKARD FAMILY, PACKARD ELECTRIC AND THE PACKARD MOTOR CAR COMPANY VIA INTERPRETIVE EXHIBITS, HISTORICAL PROGRAMS, CAR SHOWS AND SPECIAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE THE HISTORY ASSOCIATED WITH THE PACKARD FAMILY, PACKARD ELECTRIC, PACKARD MOTOR CAR COMPANY AND THE INDUSTRIAL HERITAGE OF THE WARREN AREA BY ACCUMULATING AND INTERPRETING ARTIFACTS, ARTICLES, AUTOMOBILES, AND OTHER INFORMATION. SPECIAL EVENTS AND MONTHY EDUCATIONAL PROGRAMS ARE PRESENTED THROUGHOUT THE YEAR INCLUDING AN ANNUAL CAR SHOW AND MOTORCYCLE EXHIBIT DESIGNED TO EDUCATE CURRENT AND FUTURE GENERATIONS ABOUT THE PACKARD LEGACY. IN 2023 THE MUSEUM RECEIVED A ONE OF A KIND 1929 VINCENT SPEEDSTER RE-CREATION USED TO ILLUSTRATE THE ILLUSTRIOUS LIFE OF COLONEL JESSE G. VINCENT, PACKARDS MASTER MOTOR BUILDER. THE MUSEUM ALSO RECEIVED AN ASSORTMENT OF PACKARD MOTOR CAR COMPANY PHOTOGRAPHS AND A AN OFFICE CHAIR FROM THE CORPORATE OFFICES, A 1940 PACKARD MOTOR CAR COMPANY PRESENTATION WATCH AND AN ASSORTMENT OF BOOKS. THE MUSEUM OFFERS REGULAR OPERATING HOURS FOR ANYONE TO VISIT AND ALSO GUIDED TOURS. DURING 2023 MORE THAN 10,000 GUESTS VISITED THE MUSEUM AND MUSEUM EVENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann Porinchak Executive Dir | Officer | 40 | $60,642 |
Charles Ohlin Dir Ed/research | Officer | 25 | $17,390 |
Scott Andrews Treasurer | OfficerTrustee | 2 | $0 |
William Dennis Jr President | OfficerTrustee | 2 | $0 |
John Marino Vice President | OfficerTrustee | 2 | $0 |
Sarah Buzulencia Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,380 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,059 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,302 |
| Total Program Service Revenue | $50,277 |
| Investment income | $5,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73 |
| Net Income from Fundraising Events | $13,293 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,485 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,032 |
| Compensation of current officers, directors, key employees. | $9,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,774 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $960 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,953 |
| Office expenses | $21,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,649 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,109 |
| Insurance | $660 |
| All other expenses | $1,661 |
| Total functional expenses | $229,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,595 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,775 |
| Prepaid expenses and deferred charges | $18,188 |
| Net Land, buildings, and equipment | $399,612 |
| Investments—publicly traded securities | $129,582 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $652,752 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,218 |
| Total liabilities | $2,218 |
| Net assets without donor restrictions | $515,606 |
| Net assets with donor restrictions | $134,928 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $652,752 |