Collection On Palmetto Foundation Inc
- Assets
- $454.3k
- Revenue
- $296.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-3840640
Organization Overview
Collection On Palmetto Foundation Inc is located in Clearwater, FL. The organization was established in 2018. 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. Collection On Palmetto Foundation 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 12/2021, Collection On Palmetto Foundation Inc generated $296.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $415.6k 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
IT IS THE MISSION OF THE COLLECTION ON PALMETTO FOUNDATION TO INCREASE UNDERSTANDING ABOUT THE AMAZING PROGRESS MADE IN ENGINEERING IN FACTORY AND FIELD POWER, ALONG WITH AUTOMOTIVE TRANSPORTATION, WHICH OCCURRED DURING THE EARLY 20TH CENTURY. THE COLLECTION ACCOMPLISHES THIS BY MAINTAINING AUTOMOBILE AND ENGINE EXHIBITS, AND HOSTING STEAM, STEM, AND SOCIAL STUDIES FIELDTRIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin J Feldman President | 1 | $0 | |
Adam Walkup Director | 0 | $0 | |
Steve Cook Director | 0 | $0 | |
Alan Feldman Director | 0 | $0 | |
Rolly Evans Director | 0 | $0 | |
Adrienne Cone Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $292,980 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $565 |
| Other Income | $2,736 |
| Total Revenue | $296,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $81,140 |
| Pension plans, employee benefits | $23,877 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $31,836 |
| Occupancy | $46,028 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $179,299 |
| Total operating and administrative expenses | $415,553 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $415,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,135 |
| Savings and temporary cash investments | $0 |
| 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 | $6,089 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $435,056 |
| Other assets | $3,030 |
| Total assets | $454,310 |
| 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 | $133,052 |
| Total liabilities | $133,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Palm Beach Maritime Museum Inc Lantana, FL | $20,865,906 | $12,542,003 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
Naval Aviation Museum Foundation Inc Pensacola, FL | $33,055,724 | $12,296,659 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
Sun N Fun Fly In Inc Lakeland, FL | $10,303,437 | $7,398,461 |
Museum Of Science & History Of Jacksonville Inc Jacksonville, FL | $14,983,828 | $9,624,822 |
Museum Of Arts & Sciences Daytona Beach, FL | $83,635,410 | $4,243,163 |
Georgia Museums Inc Cartersville, GA | $34,504,271 | $6,701,117 |
Museum Of Science And Industry Inc Tampa, FL | $2,652,725 | $2,773,775 |
Museum Of Aviation At Robins Air Force Base Georgia Foundation Inc Warner Robins, GA | $2,983,793 | $2,917,153 |