Paramount Classic Car Museum Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hickory, NC
- Founding
- 01/2014
- Data as of
- 12/2021
- EIN
- 46-4175746
Organization Overview
Paramount Classic Car Museum Inc is located in Hickory, NC. 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. Paramount Classic Car 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARAMOUNT CLASSIC CAR MUSEUM WILL BE AN EDUCATIONAL FACILITY DEDICATED TO THE EXPLORATION AND PRESENTATION OF THE AUTOMOBILE AS IT RELATES TO THE EVOLUTION OF TRANSPORTATION. THE FACILITY COLLECTS, PRESERVES, AND EXHIBITS VEHICLES WITH THE PURPOSE OF EDUCATING THE COMMUNITY ON THE ROLE OF THE AUTOMOBILE AND ITS IMPACT ON AMERICAN LIFE AND CULTURE.THE ORGANIZATION WILL OPERATE A CLASSIC CAR MUSEUM THAT WILL BE OPEN TO THE PUBLIC FOR INDIVIDUALS AND GROUPS TO COME AND EXPLORE THE HISTORY AND EVOLUTION OF AUTOMOBILE DESIGN AND TECHNOLOGY. THE ORGANIZATION PLANS ON DEVELOPING EDUCATIONAL MATERIALS, PRESENTATIONS, AND CLASSES TO ILLUSTRATE THE IMPACT THE CAR HAS ON OUR DAILY LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benny Yount President | 1 | $0 | |
Cherrie Yount Secretary | 1 | $0 | |
Nick Kincaid Vice President | 1 | $0 | |
Scott Yount Director | 1 | $0 | |
Lisa Yount Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities | $0 |
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