Smith Collection
- Assets
- $38.6m
- Revenue
- $8.8m
- Investments
- $1.9m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 47-0761420
Organization Overview
Smith Collection is located in Lincoln, NE. The organization was established in 1994. 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. Smith Collection 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, Smith Collection generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 6 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
DEVELOPED MUSEUM EXHIBITS ON RACE CAR ENGINES.
DEVELOPED MUSEUM EXHIBITS ON RACE CAR ENGINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carson W Smith Vice President | 0 | $0 | |
Craig A Smith Vice President | 0 | $0 | |
Clay F Smith President / Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,301,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,782 |
| Net Rental Income | $145,265 |
| Net Gain on Sale of Assets | $1,341,501 |
| Capital Gain Net Income | $1,341,501 |
| Net ST Capital Gain | $164,191 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $16,614 |
| Other Income | $0 |
| Total Revenue | $8,821,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $689,991 |
| Pension plans, employee benefits | $0 |
| Interest | $9,507 |
| Taxes | $36,449 |
| Depreciation | $174,625 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,255 |
| Printing and publications | $0 |
| Other expenses | $436,896 |
| Total operating and administrative expenses | $1,394,901 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $1,395,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,404 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $171,225 |
| 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 | $13,298 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,424,088 |
| Other assets | $29,571,572 |
| Total assets | $38,634,581 |
| Accounts payable and accrued expenses | $214,640 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,131,608 |
| Other liabilities | $0 |
| Total liabilities | $1,346,248 |
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Lion Global Foundation Denver, CO | $27,670,557 | $8,372,189 |
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