Museum Of Automobiles Inc
- Assets
- $1.9m
- Revenue
- $427.9k
- Investments
- $0.0
- Employees
- 33
- Location
- Morrilton, AR
- Founding
- 11/1976
- Data as of
- 12/2023
- EIN
- 71-0477370
Organization Overview
Museum Of Automobiles Inc is located in Morrilton, AR. The organization was established in 1976. 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, Museum Of Automobiles Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Automobiles 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 12/2023, Museum Of Automobiles Inc generated $427.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $417.5k during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE HAVE A COLLECTION OF AUTOMOBILES AND MOTORCYCLES RANGING FROM 1904 TO 1981 THAT IS FOR PUBLIC DISPLAY SO AS TO PRESERVE AND EXEMPLIFY THE EVOLUTION OF TRANSPORTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE DISPLAY FORTY PLUS AUTOMBILES AND MOTORCYCLES, ANTIQUE ARCADE MACHINES, VINTAGE MODELS, VINTAGE STAND ALONE ENGINES TO THE GENERAL PUBLIC. WE ARE OPEN 10AM TO 5PM, 364 DAYS A WEEK, CLOSING ONLY ON CHRISTMAS DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beula Ivy Executive Di | Officer | 50 | $12,637 |
Raymond Harrill President | OfficerTrustee | 0.5 | $0 |
Rob Harris Vice Preside | OfficerTrustee | 0.5 | $0 |
Janna Fawcett Harris Secretary/tr | OfficerTrustee | 0.5 | $0 |
Tom Brown Board Member | Trustee | 0.5 | $0 |
Melvin Ivy Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,610 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,238 |
| Noncash contributions included in lines 1a–1f | $85,861 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,848 |
| Total Program Service Revenue | $107,540 |
| Investment income | $48,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,250 |
| Net Income from Fundraising Events | $101,422 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,697 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,912 |
| 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. | $61,560 |
| Compensation of current officers, directors, key employees. | $12,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,620 |
| Pension plan accruals and contributions | $2,884 |
| Other employee benefits | $0 |
| Payroll taxes | $14,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,780 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,659 |
| Office expenses | $2,833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,541 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,073 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,014 |
| Insurance | $10,435 |
| All other expenses | $5,077 |
| Total functional expenses | $417,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,554 |
| Savings and temporary cash investments | $28,136 |
| 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 | $24,339 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $87,771 |
| Investments—publicly traded securities | $713,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $999,202 |
| Total assets | $1,854,454 |
| Accounts payable and accrued expenses | $2,605 |
| 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 | $28,745 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,350 |
| Net assets without donor restrictions | $1,823,104 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,854,454 |