Merrick Auto Museum
- Assets
- $7.0m
- Revenue
- $418.7k
- Investments
- $3.1m
- Employees
- 0
- Location
- Alda, NE
- Founding
- 06/1992
- Data as of
- 12/2022
- EIN
- 47-0753434
Organization Overview
Merrick Auto Museum is located in Alda, NE. The organization was established in 1992. 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. Merrick Auto Museum 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, Merrick Auto Museum generated $418.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $81.3k during the year ending 12/2022. While expenses have increased by 9.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
OPERATION OF A MUSEUM AND RELATED FACILITIES FOR USE BY THE GENERAL PUBLIC FEATURING ANTIQUE VEHICLE MEMORABILIA DOCUMENTS AND MANUALS FOR EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Merrick Presidentdirector | 30 | $0 | |
Russell J Merrick Secretarytreasurerdirector | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $112,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $302,656 |
| Capital Gain Net Income | $302,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,111 |
| Total Revenue | $418,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5 |
| Taxes | $1,343 |
| Depreciation | $7,563 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,697 |
| Printing and publications | $0 |
| Other expenses | $68,656 |
| Total operating and administrative expenses | $81,264 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $81,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,543 |
| Savings and temporary cash investments | $32,203 |
| 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 | $90,105 |
| Other assets | $3,734,854 |
| Total assets | $6,979,566 |
| Accounts payable and accrued expenses | $734 |
| 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 | $734 |