C Grier Beam Truck Museum
- Assets
- $534.8k
- Revenue
- $42.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Cherryville, NC
- Founding
- 05/1985
- Data as of
- 12/2022
- EIN
- 58-1611900
Organization Overview
C Grier Beam Truck Museum is located in Cherryville, NC. The organization was established in 1985. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, C Grier Beam Truck Museum employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C Grier Beam Truck 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, C Grier Beam Truck Museum generated $42.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $76.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THE PUBLIC ABOUT THE TRUCKING INDUSTRY AND ITS HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COMPLIMENTARY TOURS OF THE MUSEUM TO THE GENERAL PUBLIC; EDUCATED THE PUBLIC ABOUT THE TRUCKING INDUSTRY AND ITS HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Bumgarner Secretary | Officer | 20 | $36,400 |
Stan Bumgarner Treasurer | Officer | 20 | $10,400 |
Michael Beam Board Chairm | Trustee | $0 | |
M'shel Beam Bowen Vice Preside | Trustee | $0 | |
Millicent Heavner Board Member | Trustee | $0 | |
Reid Huss Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,670 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,956 |
| Total Program Service Revenue | $2,727 |
| Investment income | $10,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,589 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,065 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $46,800 |
| Compensation of current officers, directors, key employees. | $9,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $2,335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,735 |
| Travel | $118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $749 |
| Insurance | $3,232 |
| All other expenses | $1,021 |
| Total functional expenses | $76,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,031 |
| Savings and temporary cash investments | $277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,545 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $78,980 |
| Investments—publicly traded securities | $307,852 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,159 |
| Total assets | $534,844 |
| Accounts payable and accrued expenses | $2,648 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,648 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $532,196 |
| Total liabilities and net assets/fund balances | $534,844 |