Studebaker National Museum Inc
- Assets
- $2.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 28
- Location
- South Bend, IN
- Founding
- 11/1983
- Data as of
- 12/2023
- EIN
- 35-1555535
Organization Overview
Studebaker National Museum Inc is located in South Bend, IN. The organization was established in 1983. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Studebaker National Museum Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studebaker National Museum 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 12/2023, Studebaker National Museum Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A CENTER FOR THE INTERPRETATION OF HISTORY, DESIGN, AND INNOVATION THAT CONNECTS AND INSPIRES THE COMMUNITY AND ENTHUSIASTS AROUND THE WORLD. THIS IS ACCOMPLISHED THROUGH PROGRAMMING, ACTIVE COLLECTING, AND THE DISPLAY OF VEHICLES, ARCHIVAL MATERIALS, AND ARTIFACTS THAT SHOWCASE THE LOCAL AND GLOBAL INFLUENCE OF STUDEBAKER AND RELATED INDUSTRIAL INNOVATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COLLECT, PRESERVE AND INTERPRET A COLLECTION OF VEHICLES, ARCHIVES, AND ARTIFACTS THAT TELL THE STORY OF THE STUDEBAKER CORPORATION AND INDUSTRIAL HISTORY OF THE SOUTH BEND REGION. IN 2023, THE MUSEUM COLLECTION CONSISTS OF 135 HISTORIC VEHICLES, WHICH INCLUDE EIGHT VEHICLES DESIGNATED AS NATIONAL TREASURES. THE COLLECTION ALSO INCLUDES MORE THAN 6,000 OBJECTS, 70 TONS OF STUDEBAKER CORPORATE ARCHIVAL MATERIAL, AND 150 HANDS-ON EDUCATIONAL OBJECTS. OUR FACILITIES ARE COMPRISED OF MORE THAN 35,000 SQUARE FEET OF EXHIBITION SPACE AND 10,000 SQUARE FEET OF STORAGE SPACE. STAFF MEMBERS CURATE NEW PERMANENT COLLECTION DISPLAYS, TEMPORARY EXHIBITIONS, AND EDUCATIONAL PROGRAMMING WHICH PROVIDE CONTEXT AND RELEVANCE FOR OUR GUESTS. EACH YEAR, THE MUSEUM WELCOMES MORE THAN 40,000 GUESTS THROUGH ITS DOORS AND REACHES MILLIONS OF PEOPLE THROUGH ITS DIGITAL PROGRAMMING. THE MUSEUM IS COMMITTED TO ENSURING EQUITABLE ACCESS TO ITS WORLD-CLASS COLLECTION AND PROGRAMMING DAYS THROUGH PROGRAMS LIKE "MUSEUMS FOR ALL", "BLUE STAR MUSEUMS", AND A NUMBER OF FREE COMMUNITY DAYS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Slebonick Executive Di | Officer | 40 | $106,351 |
Nick Anglemeyer Board Member | Trustee | 2 | $0 |
Dave Barry Board Member | Trustee | 2 | $0 |
Thomas Bishop Board Member | Trustee | 2 | $0 |
Walter Botich Life Trustee | Trustee | 2 | $0 |
Mark Burrell Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,723 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,407,197 |
| Noncash contributions included in lines 1a–1f | $718 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,446,920 |
| Total Program Service Revenue | $227,241 |
| Investment income | $28,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,292 |
| Net Rental Income | $19,382 |
| Net Gain/Loss on Asset Sales | -$90 |
| Net Income from Fundraising Events | $192,438 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $100,020 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,085,277 |
| 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. | $106,351 |
| Compensation of current officers, directors, key employees. | $106,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $478,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,933 |
| Payroll taxes | $45,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,897 |
| Advertising and promotion | $27,006 |
| Office expenses | $9,624 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,580 |
| Travel | $28,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,298 |
| Insurance | $41,798 |
| All other expenses | $125,372 |
| Total functional expenses | $1,750,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,371,296 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,823 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,371 |
| Prepaid expenses and deferred charges | $65,750 |
| Net Land, buildings, and equipment | $1,101,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,545 |
| Total assets | $2,784,782 |
| Accounts payable and accrued expenses | $139,119 |
| Grants payable | $0 |
| Deferred revenue | $3,133 |
| 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 | $22,831 |
| Total liabilities | $165,083 |
| Net assets without donor restrictions | $1,775,473 |
| Net assets with donor restrictions | $844,226 |
| 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 | $2,784,782 |