American Hot Rod Foundation Inc
- Assets
- $556.1k
- Revenue
- $727.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 43-1969463
Organization Overview
American Hot Rod Foundation Inc is located in Palm Beach, FL. 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 12/2021, American Hot Rod Foundation Inc generated $727.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $315.2k during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 AN INFORMATIONAL SOURCE FOR LEADING AUTOMOTIVE MUSEUMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen E Memishian Director | 0 | $0 | |
John Memishian Director | 0 | $0 | |
Carol A Memishian Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $732,834 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,484 |
| Capital Gain Net Income | $189,414 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $3,136 |
| Other Income | $0 |
| Total Revenue | $727,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $112,000 |
| Pension plans, employee benefits | $10,108 |
| Interest | $0 |
| Taxes | $3,122 |
| Depreciation | $189 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $119,941 |
| Total operating and administrative expenses | $315,210 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $315,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,942 |
| Savings and temporary cash investments | $398,486 |
| 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 | $26,700 |
| 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 | $0 |
| Total assets | $556,128 |
| 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 | $1,704 |
| Total liabilities | $1,704 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Pan Asian Community Services Inc Atlanta, GA | $9,262,133 | $12,836,968 |
Society Of Biblical Literature Atlanta, GA | $10,314,787 | $4,003,520 |
Georgia Humanities Council Inc Atlanta, GA | $997,177 | $1,471,358 |
Florida Humanities Council Inc St Petersburg, FL | $2,370,011 | $1,873,831 |
The American Assn Of Teachers Of Spanish And Portuguese Inc Birmingham, AL | $3,337,013 | $1,808,681 |
Key West Literary Seminar Inc Key West, FL | $3,874,970 | $799,059 |
Shirley Proctor Puller Foundation Inc Saint Petersburg, FL | $560,012 | $1,341,658 |
National Center For Innovation And Excellence Inc Rockledge, FL | $546,054 | $820,000 |
Sojourn Counseling Irondale, AL | $202,012 | $399,539 |
Burnaway Inc Atlanta, GA | $144,139 | $344,622 |
American Hot Rod Foundation Inc Palm Beach, FL | $556,128 | $727,486 |
Insight Through Education Inc Boynton Beach, FL | $435,137 | $349,174 |