Barber Vintage Motorsports Museum
- Assets
- $98.1m
- Revenue
- $10.3m
- Investments
- $13.6m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 63-1125485
Organization Overview
Barber Vintage Motorsports Museum is located in Birmingham, AL. The organization was established in 1996. 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. Barber Vintage Motorsports 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, Barber Vintage Motorsports Museum generated $10.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2022. 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:
THE FOUNDATION EXHIBITS VINTAGE MOTORCYCLES THROUGHOUT THE YEAR AT THE MUSEUM AND AT VARIOUS MOTORCYCLE AND AUTO RACES DURING THE YEAR.
THE FOUNDATION RUNS A STEM BASED EDUCATION PROGRAM WHICH INCLUDES FIELD TRIP VISITS TO THE MUSEUM WHERE PARTICIPANTS LEARN SOME OF THE SCIENCE BEHIND THE FUNDAMENTALS OF MOTORSPORTS.
THE FOUNDATION HOSTS VINTAGE MOTORSPORTS THEMED EVENTS MULTIPLE TIMES A YEAR TO PROMOTE AND EXHIBIT VINTAGE VEHICLE RACING AND RACING HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George W Barber Jr Member | 5 | $0 | |
Jeffrey A Ray President / Executive Director | 50 | $290,000 | |
Charles M Miller Jr Chairman Of The Board | 2 | $0 | |
T Paul Sanford Secretary/treasurer, Cfo, Director | 2 | $0 | |
Dale Siebert Director | 2 | $0 | |
Mark L Whitt Director & Park General Manager | 50 | $278,840 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,551,213 |
| Interest on Savings | $93,896 |
| Dividends & Interest | $516,924 |
| Net Rental Income | $6,331,665 |
| Net Gain on Sale of Assets | -$170,131 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $223,849 |
| Other Income | $1,724,331 |
| Total Revenue | $10,271,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $590,420 |
| Other employee salaries and wages | $2,070,011 |
| Pension plans, employee benefits | $288,967 |
| Interest | $0 |
| Taxes | $333,855 |
| Depreciation | $2,899,142 |
| Occupancy | $9,052 |
| Travel, conferences, and meetings | $66,344 |
| Printing and publications | $0 |
| Other expenses | $3,062,894 |
| Total operating and administrative expenses | $9,354,687 |
| Contributions, gifts, grants paid | $254 |
| Total expenses and disbursements | $9,354,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,864,764 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $422,242 |
| 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 | $135,734 |
| Prepaid expenses and deferred charges | $64,468 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $106 |
| Net Land, buildings, and equipment | $53,287,554 |
| Other assets | $25,790,778 |
| Total assets | $98,134,593 |
| Accounts payable and accrued expenses | $465,340 |
| Grants payable | $0 |
| Deferred revenue | $4,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,966 |
| Total liabilities | $482,306 |
Grants Awarded
Over the last fiscal year, Barber Vintage Motorsports Museum has awarded $254 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PEDIATRIC BRAIN TUMOR FOUNDATION OF THE UNITED STATES INC PURPOSE: RIDE FOR KIDS | $155 |
MOVEMBER FOUNDATION PURPOSE: GENERAL FUND | $99 |