Museum Of Automotive Icons Inc
- Assets
- $14.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Manhattan, KS
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 82-4679842
Organization Overview
Museum Of Automotive Icons Inc, operating under the name Midwest Dream Car Collection (mdcc), is located in Manhattan, KS. The organization was established in 2019. 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, Midwest Dream Car Collection (mdcc) employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Dream Car Collection (mdcc) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
S.T.E.A.M., HISTORIC, AND CULTURALLY BASED AUTOMOTIVE EXHIBITS DESIGNED TO CHALLENGE AND EDUCATE VISITORS.
Describe the Organization's Program Activity:
EDUCATION: THE MUSEUM UTILIZES THEIR "TREAD TALKS" AS A TOOL TO MAKE VEHICLES ACCESSIBLE TO EVERYONE. THIS PROCESS ALLOWS THE MUSEUM TO TELL THE STORIES OF WOMEN AND MINORITIES IN AUTOMOTIVE HISTORY AND TO ADDRESS SOCIETAL ISSUES SUCH AS AUTISM AND OTHER CHALLENGES.EDUCATIONAL OUTREACH: THE MUSEUM HAS PARTNERED WITH THE MANHATTAN AREA TECHNICAL COLLEGE TO PROVIDE EDUCATION AS PART OF THE AUTOMOTIVE REPAIR PROGRAM BY TEACHING ON THE HISTORY OF THE AUTOMOBILE THROUGH THE COLLECTION. THE MUSEUM HAS ALSO SIGNIFICANTLY INCREASED THEIR OUTREACH AND GROUP TOURS FOCUSING ON THE HISTORY AND STORIES THAT BRING THE COLLECTION TO LIFE AND SHARE THE HISTORICAL SIGNIFICANCE OF THE COLLECTION AND THE WAY TRANSPORTATION HAS SHAPED THE UNITED STATES AND THE WORLD. EDUCATIONAL ENRICHMENT: THE MUSEUM IS WORKING WITH A COALITION OF PARTNERS IN THE EDUCATION FIELD TO DEVELOP A S.T.E.A.M. PROGRAM FOR AUTOMOTIVE MUSEUMS AROUND THE COUNTRY. THESE INCLUDE KANSAS STATE UNIVERSITY, KANSAS STATE EXTENSION, THE INDIANAPOLIS 500 FOUNDATION, AND THE LEMAY MUSEUM. THIS PROGRAM, FOCUSED ON PRE-K 3-12TH GRADE, WILL GO INTO BETA TESTING IN 2023 WITH THE UNDERSERVED POPULATIONS IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Carpenter President | OfficerTrustee | 0.25 | $0 |
John Stallman Vice President | OfficerTrustee | 0.25 | $0 |
Clay Zaplital Secretary | OfficerTrustee | 0.25 | $0 |
Stacy Kohlmeier Board Member | Trustee | 0.25 | $0 |
Jodi Kaus Board Member | Trustee | 0.25 | $0 |
Chris Gergeni Executive Director | Officer | 60 | $98,289 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,827,656 |
| Noncash contributions included in lines 1a–1f | $13,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,827,656 |
| Total Program Service Revenue | $90,635 |
| Investment income | $57,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $228 |
| Net Rental Income | -$57,163 |
| Net Gain/Loss on Asset Sales | -$375 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$6,100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,912,200 |
| 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. | $98,289 |
| Compensation of current officers, directors, key employees. | $98,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,041 |
| Payroll taxes | $27,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,454 |
| Fees for services: Accounting | $33,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40 |
| Advertising and promotion | $44,266 |
| Office expenses | $80,299 |
| Information technology | $37,327 |
| Royalties | $0 |
| Occupancy | $166,346 |
| Travel | $28,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,743 |
| Insurance | $74,844 |
| All other expenses | $0 |
| Total functional expenses | $1,008,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,903 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,081 |
| Prepaid expenses and deferred charges | $29,812 |
| Net Land, buildings, and equipment | $3,350,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,508,809 |
| Total assets | $14,009,408 |
| Accounts payable and accrued expenses | $19,486 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,486 |
| Net assets without donor restrictions | $13,989,922 |
| 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 | $14,009,408 |