Audrain Automobile Museum Inc

Organization Overview

Audrain Automobile Museum Inc is located in Newport, RI. The organization was established in 2015. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Audrain Automobile Museum Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Audrain Automobile 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 12/2021, Audrain Automobile Museum Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 22.4% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST IN THE CONDUCT OF CHARITABLE AND EDUCATIONAL PROMOTION OF PUBLIC INTEREST IN APPRECIATION OF AND PARTICIPATION IN CAR COLLECTION THROUGH CREATING AND SUPPORTING ACTIVITIES REGARDING A PUBLIC MUSEUM DEDICATED TO CLASSIC, COLLECTIBLE AND MODERN CARS.

Describe the Organization's Program Activity:

THE ORGANIZATION OPERATES A MUSEUM DEVOTED TO THE APPRECIATION OF HISTORICAL, CLASSICAL, COLLECTIBLE AND MODERN CARS. THE ORGANIZATION AIMS THAT BY TELLING THE STORIES OF THE AUTOMOBILES, IT TELLS THE STORY OF OUR CULTURE, COUNTRY, FAMILIES AND OURSELVES. THE ORGANIZATION ANNUALLY CURATES THREE (3) EXHIBITS AND HOSTS 20,000 + VISITORS, INCLUDING SCHOOL AND SENIOR GROUPS, CAR CLUBS AND COLLECTORS.


THE ORGANIZATION, THROUGH ITS WHOLLY OWNED SUBSIDIARY, AUDRAIN CONCOURS FOUNDATION, LLC ANNUALLY PRODUCES AND HOSTS THE "AUDRAIN NEWPORT CONCOURS AND MOTOR WEEK," A CAR CENTRIC EXPERIENCE IN NEWPORT RHODE ISLAND. THIS 4 DAY EVENT INCLUDES A FUNDRAISING GALA, TOUR D' ELEGANCE, CONCOURS D' ELEGANCE AND EDUCATIONAL SEMINARS ON AUTOMOBILE RELATED TOPICS THAT CELEBRATE AND PROMOTE THE PUBLIC'S INTEREST IN THE PRESERVATION AND PRESENTATION OF AUTOMOTIVE HISTORY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$141,978
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,321,219
Noncash contributions included in lines 1a–1f $535,563
Total Revenue from Contributions, Gifts, Grants & Similar$3,463,197
Total Program Service Revenue$232,211
Investment income $17
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $11,644
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$1,550,434
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $29,394
Miscellaneous Revenue$0
Total Revenue $2,562,395

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Audrain Automobile Museum Inc has recieved totaling $39,500.

Awarding OrganizationAmount
United Way Miami Inc

Miami, FL

PURPOSE: GENERAL FUNDS

$29,500
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$146,544
Ending Balance$146,544

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