Keystone Tractor Museum Inc
- Assets
- $22.4m
- Revenue
- $1.0m
- Investments
- $12.1m
- Employees
- 0
- Location
- Colonial Heights, VA
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-1616775
Organization Overview
Keystone Tractor Museum Inc is located in Colonial Heights, VA. The organization was established in 2014. 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. Keystone Tractor 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 06/2022, Keystone Tractor Museum Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OF ANTIQUE TRUCKS AND AGRICULTURAL EQUIPMENT OPERN TO THE PUBLIC FOR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Cervarich Manager | 40 | $75,519 | |
Sharon Kenna Manager | 40 | $65,450 | |
Keith Homer Jones Chairman & P | 10 | $0 | |
Joe Liesfeld III Elected Dire | 1 | $0 | |
Joy H Jones Elected Dire | 1 | $0 | |
Karen T Epps Elected Dire | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $93,142 |
| Interest on Savings | $0 |
| Dividends & Interest | $236,837 |
| Net Rental Income | $52,503 |
| Net Gain on Sale of Assets | $336,328 |
| Capital Gain Net Income | $336,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $108,397 |
| Other Income | $210,845 |
| Total Revenue | $1,038,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $439,211 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $71,248 |
| Depreciation | $215,304 |
| Occupancy | $105 |
| Travel, conferences, and meetings | $3,956 |
| Printing and publications | $0 |
| Other expenses | $874,200 |
| Total operating and administrative expenses | $1,614,429 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,614,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,489 |
| Savings and temporary cash investments | $0 |
| 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 | $97,390 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,562,723 |
| Net Land, buildings, and equipment | $9,641,756 |
| Other assets | $142,898 |
| Total assets | $22,360,643 |
| 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 | $24,630 |
| Total liabilities | $24,630 |
Grants Awarded
Over the last fiscal year, Keystone Tractor Museum Inc has awarded $6,125 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RASSAWEK PURPOSE: TO PRESERVE THE HISTORICAL ACTIVITIES OF ANTIQUE TRACTORS. | $5,000 |
FIELD DAY OF THE PAST PURPOSE: TO PRESERVE THE HISTORICAL ACTIVITIES OF ANTIQUE TRACTORS. | $750 |
SUCCESSFUL FAMILY SERVICES PURPOSE: TO SUPPORT THE FAMILIES IN THE COMMUNITY. | $375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Tennessee Valley Railroad Museum Inc Chattanooga, TN | $14,724,108 | $5,452,372 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |
National Building Museum Washington, DC | $8,920,603 | $4,582,435 |