Price Automotive Museum
- Assets
- $27.7m
- Revenue
- $7.4m
- Investments
- $850.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 03/2002
- Data as of
- 11/2023
- EIN
- 87-0644630
Organization Overview
Price Automotive Museum is located in Salt Lake City, UT. The organization was established in 2002. 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. Price Automotive Museum 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 11/2023, Price Automotive Museum generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $206.0k during the year ending 11/2023. While expenses have increased by 2.4% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM OWNS ANTIQUE AUTOMOBILES TO SHOW TO THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Price President | 10 | $0 | |
J Steven Price Director | 1 | $0 | |
Anthony R Wallin MD Director | 1 | $0 | |
Tom Klc Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,155 |
| Dividends & Interest | $0 |
| Net Rental Income | -$1,843 |
| Net Gain on Sale of Assets | $7,340,564 |
| Capital Gain Net Income | $7,340,564 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,406,610 |
| 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 | $9,122 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $196,867 |
| Total operating and administrative expenses | $205,989 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $205,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,920 |
| Savings and temporary cash investments | $765,469 |
| Net Accounts receivable | $3,300,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $10,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $850 |
| Net Land, buildings, and equipment | $313,912 |
| Other assets | $13,303,558 |
| Total assets | $27,747,709 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $8,647,898 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $60,854 |
| Total liabilities | $8,708,752 |