Kansas City Automotive Museum Inc
- Assets
- $4.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Olathe, KS
- Founding
- 10/2011
- Data as of
- 12/2022
- EIN
- 45-1433928
Organization Overview
Kansas City Automotive Museum Inc is located in Olathe, KS. The organization was established in 2011. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Kansas City Automotive 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, Kansas City Automotive Museum Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $711.9k during the year ending 12/2022. While expenses have increased by 12.2% per year over the past 8 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
OUR MISSION IS TO ENTERTAIN AND EDUCATE ALL GENERATIONS THROUGH THE PRESERVATION, PROMOTION AND DISPLAY OF KANSAS CITY'S RICH AUTOMOTIVE HERITAGE. OUR FUTURE VISION IS TO EXPAND OUR MISSION TO INCLUDE THE ENTIRE MIDWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KANSAS CITY AUTOMOTIVE MUSEUM EMBRACES THE UNIQUE AND DIVERSE STORIES OF KANSAS CITY, WHILE EDUCATING YOUNG AND OLD, AND CELEBRATING THE CULTURE, ARTISTRY, INDUSTRY AND INNOVATION OF THE AUTOMOBILE. SINCE OPENING, THE MUSEUM HAS BECOME A RECOGNIZED AND POPULAR ESTABLISHMENT WITHIN THE CAR COMMUNITY AND HAS GROWN TO BE A MEETING PLACE FOR CAR ENTHUSIASTS, HISTORIANS AND VISITORS TO KANSAS CITY. ROTATING 100+ CARS AND HOSTING COMMUNITY EVENTS
THROUGH THE GREAT CAR SHOW AND MEADOWBROOK CAR SHOW, THE LOCAL YOUTH ARE ABLE TO PARTICIPATE IN YOUTH JUDGING WHICH ALLOWS US TO FULFILL OUR MISSION TO EDUCATE, PRESERVE AND PROMOTE KANSAS CITY'S RICH AUTOMOTIVE HISTORY. 30+ YOUTH PARTICIPATED IN OUR YOUTH JUDGING PROGRAMS. BOY SCOUTS- THE MUSEUM OFFERS MANY OPPORTUNITIES FOR SCOUTS. FROM DERBIES TO AUTOMOTIVE MAINTENANCE BADGE WORKSHOPS, WE OFFER SOMETHING FOR EVERY INTEREST LEVEL.
TOURS AT THE UNDERGROUND BY THE KANSAS CITY AUTOMOTIVE MUSEUM, LOCATED IN DOWNTOWN KANSAS CITY, THIS SUBTERRANEAN FACILITY PROVIDES AN ECLECTIC COLLECTION OF VEHICLES. THE VEHICLES ARE CURATED LIKE THE VEHICLES AT THE MUSEUM. THE VENUE WILL HOSTED MULTIPLE COMMUNITY EVENTS AS WELL AS AUTOMOTIVE RELATED CAR SHOWS. THE UNDERGROUND IS THE STARTING POINT TO OUR HISTORY TOUR HELD THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Cook Executive Director | Officer | 40 | $61,055 |
Jason Carter-Solomon President | OfficerTrustee | 1 | $0 |
Tim Mccarthy Vice President | OfficerTrustee | 1 | $0 |
Bob Wollenman Treasurer | OfficerTrustee | 1 | $0 |
Bob Wise Secretary | OfficerTrustee | 1 | $0 |
Jeff Wagoner Founder | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,201 |
| Fundraising events | $52,849 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $935,852 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $994,902 |
| Total Program Service Revenue | $270,801 |
| Investment income | $1,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,681 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,471 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,257,757 |
| 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. | $61,055 |
| Compensation of current officers, directors, key employees. | $30,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,861 |
| Payroll taxes | $23,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $572 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,530 |
| Advertising and promotion | $14,394 |
| Office expenses | $33,275 |
| Information technology | $5,187 |
| Royalties | $0 |
| Occupancy | $213,080 |
| Travel | $2,688 |
| 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 | $90,080 |
| Insurance | $46,989 |
| All other expenses | $1,131 |
| Total functional expenses | $711,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,055 |
| Savings and temporary cash investments | $444,328 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,915 |
| Prepaid expenses and deferred charges | $9,686 |
| Net Land, buildings, and equipment | $3,538,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,366,949 |
| Accounts payable and accrued expenses | $5,855 |
| Grants payable | $0 |
| Deferred revenue | $2,745 |
| 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 | $8,600 |
| Net assets without donor restrictions | $4,018,169 |
| Net assets with donor restrictions | $340,180 |
| 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 | $4,366,949 |