Shelby American Collection
- Assets
- $2.6m
- Revenue
- $1.2m
- Investments
- $738.5k
- Employees
- 2
- Location
- Boulder, CO
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 84-1366547
Organization Overview
Shelby American Collection is located in Boulder, CO. The organization was established in 1997. As of 12/2021, Shelby American Collection employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelby American Collection 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, Shelby American Collection generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $764.8k during the year ending 12/2021. While expenses have increased by 14.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SHELBY AMERICAN COLLECTION CELEBRATES THE RICH HERITAGE OF THE COBRA, SHELBY MUSTANG AND FORD GT 40 CARS THAT CHANGED THE FACE OF AUTO RACING IN THE 1960S.THANKS TO THE GENEROSITY OF OWNERS AND COLLECTORS, WE HAVE SOME OF THE MOST IMPORTANT AMERICAN CARS EVER MADE ON DISPLAY AT OUR BOULDER MUSEUM, ALONG WITH AN EXTENSIVE COLLECTION OF RACE RECORDS, PERIOD PHOTOGRAPHS, MEMORABILIA AND TRIBUTES TO THE PIONEER DRIVERS AND VISIONARIES OF THE ERA INCLUDING CARROLL SHELBY, KEN MILES, DAN GURNEY, BOB BONDURANT, PHIL HILL, PHIL REMINGTON AND OTHER SHELBY AMERICAN TEAM MEMBERS.THE MUSEUM AND THIS WEBSITE ARE DEDICATED TO SERVE AS A RESOURCE FOR ALL ENTHUSIASTS, AND TO MEMORIALIZE & PRESERVE ONE OF THE MOST IMPORTANT ERAS IN AMERICAN AUTOMOTIVE HISTORY FOR ALL GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHELBY AMERICAN COLLECTION CELEBRATES THE RICH HERITAGE OF THE COBRA, SHELBY MUSTANG AND FORD GT 40 CARS THAT CHANGED THE FACE OF AUTO RACING IN THE 1960S.THANKS TO THE GENEROSITY OF OWNERS AND COLLECTORS, WE HAVE SOME OF THE MOST IMPORTANT AMERICAN CARS EVER MADE ON DISPLAY AT OUR BOULDER MUSEUM, ALONG WITH AN EXTENSIVE COLLECTION OF RACE RECORDS, PERIOD PHOTOGRAPHS, MEMORABILIA AND TRIBUTES TO THE PIONEER DRIVERS AND VISIONARIES OF THE ERA INCLUDING CARROLL SHELBY, KEN MILES, DAN GURNEY, BOB BONDURANT, PHIL HILL, PHIL REMINGTON AND OTHER SHELBY AMERICAN TEAM MEMBERS.THE MUSEUM AND THIS WEBSITE ARE DEDICATED TO SERVE AS A RESOURCE FOR ALL ENTHUSIASTS, AND TO MEMORIALIZE & PRESERVE ONE OF THE MOST IMPORTANT ERAS IN AMERICAN AUTOMOTIVE HISTORY FOR ALL GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven B Volk President | Officer | 13 | $13,334 |
Lisa M Volk Vp/secretary | Officer | 4 | $0 |
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 | $38,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,642 |
| Total Program Service Revenue | $18,386 |
| Investment income | $4,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,099,702 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,924 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,182,507 |
| 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. | $26,667 |
| Compensation of current officers, directors, key employees. | $26,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,040 |
| Fees for services: Management | $57 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $345,125 |
| Office expenses | $17,498 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $223,307 |
| Travel | $7,561 |
| 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 | $0 |
| Insurance | $23,854 |
| All other expenses | $3,222 |
| Total functional expenses | $764,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,647 |
| Savings and temporary cash investments | $76,950 |
| 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 | $25,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $738,517 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,519,069 |
| Total assets | $2,622,183 |
| 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 | $2,622,183 |
| 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 | $2,622,183 |
Grants Awarded
Over the last fiscal year, Shelby American Collection has awarded $1,650 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: TO HELP CHILDREN AFFECTED WITH CANCER | $1,150 |
ABILITY CONNECTION COLORADO PURPOSE: SERVING PEOPLE WITH DISABILITIES | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shelby American Collection has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Dora Bastiani Redmon Memorial Research Foundation Franktown, CO PURPOSE: NON-PROFIT MUSEUM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Development Foundation Woodland, CA | $499,472 | $124,731 |
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Kqed Inc San Francisco, CA | $304,837,195 | $103,418,209 |
Internews Network Arcata, CA | $19,074,087 | $84,725,218 |
National Academy Of Recording Arts & Sciences Inc Santa Monica, CA | $144,766,278 | $73,681,549 |
Cable Television Laboratories Inc Louisville, CO | $47,325,607 | $76,632,755 |
Henry E Huntington Library & Art Gallery San Marino, CA | $965,906,123 | $108,580,757 |
California Academy Of Sciences San Francisco, CA | $832,230,890 | $95,197,826 |
National Hot Rod Association San Dimas, CA | $60,527,116 | $84,074,162 |
Motion Picture Association Inc Sherman Oaks, CA | $108,255,897 | $67,676,468 |
Segerstrom Center For The Arts Costa Mesa, CA | $493,213,588 | $84,488,930 |
Houston Museum Of Natural Science Houston, TX | $243,476,932 | $54,084,906 |