Ames Automotive Foundation is located in Marlborough, NH. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ames Automotive Foundation 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, Ames Automotive Foundation generated $134.3k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $149.0k during the year ending 12/2021. 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
MAINTENANCE AND OPERATION OF CLASSIC AUTOMOBILE MUSEUM
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Douglas J Byam Trustee | 10 | $20,800 | |
Timothy L Stuart Trustee | 5 | $0 | |
Joan R Ames Trustee | 5 | $0 | |
Susan Tonseth Trustee | 5 | $0 | |
Jeffrey Adams Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $1,955 |
Interest on Savings | $21 |
Dividends & Interest | $137,893 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$5,533 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $134,336 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $20,800 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1,962 |
Depreciation | $44,018 |
Occupancy | $17,043 |
Travel, conferences, and meetings | $36 |
Printing and publications | $0 |
Other expenses | $56,670 |
Total operating and administrative expenses | $149,025 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $149,025 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $199,875 |
Savings and temporary cash investments | $119,081 |
Net Accounts receivable | $0 |
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 | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $1,214,339 |
Other assets | $9,986,000 |
Total assets | $15,871,330 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $2,481 |
Total liabilities | $2,481 |
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