Pierce Arrow Foundation
- Assets
- $2.5m
- Revenue
- -$54.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hickory Corners, MI
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-3125385
Organization Overview
Pierce Arrow Foundation is located in Hickory Corners, MI. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pierce Arrow Foundation 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION/DISPLAY/EDUCATION OF PIERCE-ARROW VEHICLES & MEMORABILIA
Describe the Organization's Program Activity:
THE PIERCE-ARROW FOUNDATION OPERATES A MUSEUM WITHIN THE 90-ACRE CAMPUS OF THE GILMORE-CCCA MUSEUM IN HICKORY CORNERS, MICHIGAN OPEN TO THE PUBLIC. THE COLLECTION OF PIERCE ARROW VEHICLES AND MEMORABILIA IS DEDICATED TO PRESERVATION OF PIERCE-ARROW PRODUCTS AND HISTORY FOR FUTURE GENERATIONS, PUBLIC EXHIBITION OF RELATED ITEMS, AS WELL AS ONE VEHICLE ON LOAN FOR EXHIBITION TO THE GENERAL PUBLIC.
THE FOUNDATION SUPPORTS THE COST OF MAINTENANCE AND PROPER MANAGEMET OF THE MUSEUM FACILITY FOR EXHIBITION WHICH WAS OPENED TO THE PUBLIC IN MAY OF 2004.
THE ORGANIZATION'S EXEMPT PURPOSE FOR SALE OF RESTORATION PARTS IS PROVIDING PARTS FOR PRESERVATION AND RESTORATION OF PIERCE-ARROW VEHICLES FOR FUTURE GENERATIONS.
DEPRECIATION OF BUILDING AND FIXTURES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart A Blair Treasurer | OfficerTrustee | $0 | |
Liz Horne Secretary | OfficerTrustee | $0 | |
Merlin B Smith Chairman | OfficerTrustee | $0 | |
Jane Mann Barclay Trustee | Trustee | $0 | |
G Marc Hamburger Trustee | Trustee | $0 | |
H Paul Johnson Jr Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,527 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,897 |
| Noncash contributions included in lines 1a–1f | $35,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,424 |
| Total Program Service Revenue | $13,991 |
| Investment income | $113 |
| 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 | -$139,168 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$54,540 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,305 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,110 |
| Information technology | $956 |
| Royalties | $0 |
| Occupancy | $30,134 |
| Travel | $0 |
| 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 | $6,925 |
| Insurance | $2,892 |
| All other expenses | $0 |
| Total functional expenses | $121,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,139 |
| Savings and temporary cash investments | $10,692 |
| 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 | $2,150,493 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $143,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,512,486 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,512,486 |
| Total liabilities and net assets/fund balances | $2,512,486 |
Endowment Analysis
| Beg. Balance | $7,400 |
| Net Contributions | $110,000 |
| Ending Balance | $117,400 |
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Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |
National Whitetail Deer Education Cambridge, OH | $11,521,774 | $3,398,617 |