Saab Heritage Museum Inc
- Assets
- $1.7m
- Revenue
- $264.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Sturgis, SD
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-4479840
Organization Overview
Saab Heritage Museum Inc is located in Sturgis, SD. The organization was established in 2016. 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, Saab Heritage Museum Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saab Heritage 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE SAAB AUTOMOBILES FOR FUTURE GENERATIONS TO ENJOY AND INSPIRE THE SPIRIT OF SAAB THROUGH REPAIR EDUCATION, PARTS PRODUCTION, AND A LIBRARY OF SAAB LITERATURE.
Describe the Organization's Program Activity:
PRESERVE SAAB AUTOMOBILES, PROVIDE REPAIR EDUCATION, PARTS PRODUCTION, AND MAINTAIN AND UPDATE A LIBRARY OF SAAB LITERATURE.
PRESERVE SAAB AUTOMOBILES, PROVIDE REPAIR EDUCATION, PARTS PRODUCTION, AND MAINTAIN AND UPDATE A LIBRARY OF SAAB LITERATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Donney President | Officer | 30 | $0 |
Patricia Donney Vice-Preside | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,590 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,940 |
| Noncash contributions included in lines 1a–1f | $7,125 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,530 |
| Total Program Service Revenue | $21,820 |
| Investment income | $2,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,803 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $264,592 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,101 |
| Fees for services: Accounting | $675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,949 |
| Advertising and promotion | $5,261 |
| Office expenses | $4,106 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,216 |
| Travel | $1,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,266 |
| Insurance | $0 |
| All other expenses | $1,226 |
| Total functional expenses | $154,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,005 |
| Savings and temporary cash investments | $86,843 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,212 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,410,439 |
| Investments—publicly traded securities | $159,050 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,719,951 |
| Accounts payable and accrued expenses | $1,397 |
| 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 | $1,149,166 |
| Other liabilities | $563,410 |
| Total liabilities | $1,713,973 |
| Net assets without donor restrictions | $5,978 |
| 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 | $1,719,951 |