Lincoln Motor Car Heritage Museum And Research Foundation Inc
- Assets
- $4.9m
- Revenue
- $370.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Grosse Pointe Shores, MI
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 38-3500541
Organization Overview
Lincoln Motor Car Heritage Museum And Research Foundation Inc, operating under the name Lincoln Motor Car Foundation, is located in Grosse Pointe Shores, MI. The organization was established in 2004. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Lincoln Motor Car Foundation 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, Lincoln Motor Car Foundation generated $370.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $166.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.9%) per year over the past 8 years. 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
THE OBJECTIVES OF THE LINCOLN MOTOR CAR FOUNDATION ARE TO COLLECT, PRESERVE, PERPETUATE, DISPLAY AND DISSEMINATE TO THE PUBLIC; INFORMATION, HARDWARE, MEMORABILIA AND VEHICLES RELATED TO THE HISTORY OF LINCOLN MOTOR COMPANY AND LINCOLN MOTOR CARS. THE FOUNDATION OPERATES THE 15,000 SQ. FT. LINCOLN MOTOR CAR HERITAGE MUSEUM ON THE GILMORE MUSEUM CAMPUS LOCATED AT HICKORY CORNERS, MI AND PROVIDES PUBLIC ACCESS TO THE FOUNDATION'S EXTENSIVE LINCOLN MOTOR COMPANY AND LINCOLN MOTOR CAR DOCUMENTATION IN THE ANTIQUE AUTOMOBILE CLUB OF AMERICA (AACA) LIBRARY AND RESEARCH CENTER LOCATED AT HERSHEY, PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PART IX, LINE 25(B) IS THE EXPENSE TO ACHIEVE THE ORGANIZATION'S MISSION DESCRIBED ON LINE 1.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David W Schultz Chair And CEO | OfficerTrustee | 19.8 | $0 |
James D 'jim' Blanchard Jr President And Coo, Executive Director Of Museums | OfficerTrustee | 8.2 | $0 |
Andrea L Irby Vice President - Secretary | OfficerTrustee | 3.2 | $0 |
Bruce M Kopf Vice President - Treasurer | OfficerTrustee | 14.4 | $0 |
C Joel Dickson Vice President - Library And Archive Research | OfficerTrustee | 21 | $0 |
Raymond J 'ray' Theriault Vice President - Vehicle Registrar | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,837 |
| Fundraising events | $100 |
| Related organizations | $12,039 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,508 |
| Noncash contributions included in lines 1a–1f | $130,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,484 |
| Total Program Service Revenue | $0 |
| Investment income | $78,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,298 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,952 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,230 |
| Office expenses | $5,786 |
| Information technology | $1,200 |
| Royalties | $0 |
| Occupancy | $67,446 |
| Travel | $0 |
| 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 | $65,115 |
| Insurance | $6,580 |
| All other expenses | $0 |
| Total functional expenses | $166,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,054 |
| Savings and temporary cash investments | $370,031 |
| Pledges and grants receivable | $58,100 |
| Accounts receivable, net | $14,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $483 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,073,919 |
| Investments—publicly traded securities | $1,801,001 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,614,666 |
| Total assets | $4,945,545 |
| Accounts payable and accrued expenses | $5,369 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $0 |
| Total liabilities | $15,369 |
| Net assets without donor restrictions | $3,537,443 |
| Net assets with donor restrictions | $1,392,733 |
| 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 | $4,945,545 |