Historic Automobile Racing Preservation
- Assets
- $2.2m
- Revenue
- $245.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Olivos, CA
- Founding
- Data as of
- 12/2022
- EIN
- 86-2913505
Organization Overview
Historic Automobile Racing Preservation is located in Los Olivos, CA. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Historic Automobile Racing Preservation 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 12/2022, Historic Automobile Racing Preservation generated $245.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (66.1%) each year. All expenses for the organization totaled $118.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVING, AND EDUCATING THE PUBLIC ABOUT, HISTORIC AUTOMOTIVE RACING VEHICLES THROUGH ON SITE EDUCATION VISITS, PARTICIPATING IN RACES, AND OTHER PUBLIC EVENTS
ACQUIRING, OWNING, RESTORING AND MAINTAINING HISTORIC VEHICLES FOR THE PURPOSE OF EDUCATING THE PUBLIC REGARDING THE HISTORY AND IMPORTANCE OF THESE VEHICLES
MAINTAINING PARTNERSHIPS WITH ORGANIZATIONS LIKE HMSA, VARA AND CRSG IN CALIFORNIA AS WELL AS NATIONAL AND INTERNATIONAL ORGANIZATIONS LIKE SVRA AND PETER AUTO GROUP MASTERS TO HOLD ORGANIZED COMPETITIVE RACING EVENTS FOR HISTORIC RACING VEHICLES WHICH ARE ACCESSIBLE TO THE PUBLIC
DEVELOPING ONGOING AND ENGAGING CONTENT ABOUT AUTOMOTIVE RACING VEHICLES, THEIR HISTORY, AND CURRENT PRESENTATION AT RACING EVENTS AS WELL AS PROMOTING INTEREST IN APPROPRIATE MEDIA CHANNELS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Taylor President/chief Executive Officer | 12 | $0 | |
Chet B Harvey Taylor Treasurer/chief Financial Officer | 5 | $0 | |
Brook Harvey Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $245,000 |
| Interest on Savings | $85 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $245,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,270 |
| Printing and publications | $0 |
| Other expenses | $100,434 |
| Total operating and administrative expenses | $118,791 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $118,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,132 |
| 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 | $2,239,162 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,244,294 |
| 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 |