Wheels Through Time Museum Inc is located in Maggie Valley, NC. The organization was established in 2002. 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 12/2022, Wheels Through Time Museum Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheels Through Time 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 12/2022, Wheels Through Time Museum Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 12.9% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WHEELS THROUGH TIME MUSEUM'S MISSION IS TO COLLECT,PRESERVE AND INTERPRET THE HISTORY OF THE MOTORCYCLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AND PROMOTED MUSEUM DEDICATED TO PROMOTING PUBLIC AWARENESS AND EDUCATION RELATED TO ANTIQUE CARS AND MOTORCYCLES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steven Synder Web Manager | 45 | $191,257 | |
Matthew Walksler Vice President | OfficerTrustee | 50 | $89,000 |
Daphane Brown Bookeeper | 45 | $68,400 | |
Trisha Walksler President | OfficerTrustee | 20 | $52,300 |
Kris Estep Secretary | OfficerTrustee | 40 | $46,947 |
John Gustafson Director | Trustee | 20 | $27,219 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $612,370 |
Noncash contributions included in lines 1a–1f | $127,500 |
Total Revenue from Contributions, Gifts, Grants & Similar | $612,370 |
Total Program Service Revenue | $630,366 |
Investment income | $5,194 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $490 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $1,732,266 |
Net Income from Sales of Inventory | $298,382 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,376,533 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,700 |
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. | $188,097 |
Compensation of current officers, directors, key employees. | $110,016 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $492,438 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $124,320 |
Payroll taxes | $53,723 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $147,671 |
Office expenses | $50,355 |
Information technology | $14,874 |
Royalties | $0 |
Occupancy | $63,716 |
Travel | $14,747 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $71,045 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $63,625 |
Insurance | $53,851 |
All other expenses | $69,487 |
Total functional expenses | $1,762,644 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $834,893 |
Savings and temporary cash investments | $3,380,737 |
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 | $146,000 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $2,385,186 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,276,452 |
Total assets | $9,023,268 |
Accounts payable and accrued expenses | $20,935 |
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 | $1,361,275 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $774,500 |
Total liabilities | $2,156,710 |
Net assets without donor restrictions | $6,739,058 |
Net assets with donor restrictions | $127,500 |
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 | $9,023,268 |
Over the last fiscal year, we have identified 2 grants that Wheels Through Time Museum Inc has recieved totaling $10,500.
Awarding Organization | Amount |
---|---|
Donald C Mcgraw Foundation Inc Delray Beach, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $500 |
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Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |
George Washington Masonic National Memorial Association Inc Alexandria, VA | $22,574,581 | $2,980,400 |
National Womens History Museum Alexandria, VA | $1,422,250 | $2,958,832 |