American Hot Rod Foundation Inc
- Assets
- $392.9k
- Revenue
- $327.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 43-1969463
Organization Overview
American Hot Rod Foundation Inc is located in Greenwich, CT. The organization was established in 2003. According to its NTEE Classification (A70) the organization is classified as: Humanities, 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. American Hot Rod Foundation 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, American Hot Rod Foundation Inc generated $327.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $307.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GATHERS HISTORICAL ARCHIVAL MATERIAL ANDPRODUCES WEB-SITE AND SOCIAL NETWORK MATERIAL AND VIDEOS TO PRESERVE, PROMOTE AND CELEBRATE THE HISTORY OF AMERICAN HOT RODDING. THE FOUNDATION IS THE LEADING SOURCE OF HOT ROD HISTORY FOR MANY INDIVIDUALS AND ORGANIZATIONS WHO ARE ACTIVE IN THE HOT ROD INDUSTRY TODAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen E Memishian Director | 0 | $0 | |
Carol A Memishian Director | 0 | $0 | |
John Memishian Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $301,927 |
| Interest on Savings | $1,097 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,094 |
| Capital Gain Net Income | $130,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$428 |
| Other Income | $28,308 |
| Total Revenue | $327,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $112,000 |
| Pension plans, employee benefits | $2,850 |
| Interest | $0 |
| Taxes | $7,477 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $119,094 |
| Total operating and administrative expenses | $307,459 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $307,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,637 |
| Savings and temporary cash investments | $308,719 |
| Net Accounts receivable | $0 |
| 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 | $26,222 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,371 |
| Total assets | $392,949 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,197 |
| Total liabilities | $3,197 |