Rick & Victoria Salisbury Foundation Dba Legends Motorcycle
- Assets
- $9.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Springville, UT
- Founding
- Data as of
- 12/2023
- EIN
- 84-3970215
Organization Overview
Rick & Victoria Salisbury Foundation Dba Legends Motorcycle is located in Springville, UT. 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. Rick & Victoria Salisbury Foundation Dba Legends Motorcycle 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 12/2023, Rick & Victoria Salisbury Foundation Dba Legends Motorcycle generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.1%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RICK & VICTORIA SALISBURY FOUNDATION COLLECTS, RESEARCHES, PRESERVES, AND DISPLAYS MOTORCYCLES AND ITEMS RELATED TO MOTORCYCLING, INCLUDING BUT NOT LIMITED TO: DRAWINGS, PAINTINGS, PRINTED MEMORABILIA, SCULPTURES, ENGINES, MOTORCYCLE PARTS, AND RIDING APPAREL OF CULTURAL AND HISTORICAL IMPORTANCE. THE FOUNDATION DISPLAYS MANY OF THESE ITEMS AT THE LEGENDS MOTORCYCLE MUSEUM LOCATED IN SPRINGVILLE UTAH. RENTAL INCOME FROM THE TOWNHOMES IS USED TO SUPPLEMENT THE OPERATIONS OF THE MUSEUM AND PURCHASE MORE COLLECTIBLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Salisbury President | 2 | $0 | |
Victoria Salisbury Secretary | 2 | $0 | |
Christopher Salisbury Vice President | 0 | $0 | |
Robert L Janicki ESQ Chairman Of The Board | 0 | $0 | |
Jonyce Bullock Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,209,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | -$52,286 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,382,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $132,601 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75,330 |
| Depreciation | $77,098 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $127,292 |
| Total operating and administrative expenses | $417,301 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $452,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,334 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $554,355 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,840,727 |
| Other assets | $7,151,871 |
| Total assets | $9,596,287 |
| 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 | $0 |
| Total liabilities | $0 |