Nhra Motorsports Museum
- Assets
- $2.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 11
- Location
- San Dimas, CA
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 94-3021388
Organization Overview
Nhra Motorsports Museum is located in San Dimas, CA. The organization was established in 1994. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Nhra Motorsports Museum employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nhra Motorsports 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 12/2022, Nhra Motorsports Museum generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND DISPLAY MOTORSPORTS HISTORY AND ITEMS; EDUCATE THE PUBLIC REGARDING THE SAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE THEIR INCEPTION, THE NOSTALGIA RACING EVENTS FORMERLY KNOWN AS "HOT ROD REUNIONS AND NOW KNOWN AS "NOSTALGIA NATIONALS" HAVE OFFERED HOT RODDERS AND RACERS THE OPPORTUNITY TO REUNITE WITH OLD FRIENDS AND REMINISCE ABOUT "THE GOOD OLD DAYS" WHILE ALSO PROVIDING A PLATFORM FOR NEW PEOPLE TO EXPERIENCE THE HISTORIC ORIGINS OF THE SPORT. THE NOSTALGIA NATIONALS INCLUDE VINTAGE DRAG RACING, A CAR SHOW, A CHANCE FOR FANS TO MEET THE LEGENDS AND STARS OF THE SPORT, AND THE HIGHLY POPULAR "CACKLEFEST" AUTOMOBILE EXHIBITION.
INVOLVEMENT IN YOUTH EDUCATION AND RACING PROGRAMS INCLUDING SUPPORT FOR MOTORSPORTS CAREER OPPORTUNITY AND DEVELOPMENT PROGRAMS AND SUPPORT FOR YOUTH DRAG RACING PROGRAMS.
MAINTAIN THE NHRA MOTORSPORTS MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Gerber Board Member | Trustee | 1 | $0 |
Marleen Gurrola Secretary (as Of 06/22) | OfficerTrustee | 1 | $0 |
Evan Jonat Board Member | Trustee | 1 | $0 |
David Kennedy President & Chair (as Of 06/22) | OfficerTrustee | 1 | $0 |
Cheyenne Huang Treasurer (as Of 06/22) | OfficerTrustee | 1 | $0 |
Graham Light Board Member (thru 06/22) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,910 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $611,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,216 |
| Total Program Service Revenue | $761,814 |
| Investment income | $18,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,940 |
| Net Gain/Loss on Asset Sales | $56,107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $132,831 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,595,015 |
| 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 | $35,000 |
| Other salaries and wages | $242,293 |
| Pension plan accruals and contributions | $3,900 |
| Other employee benefits | $31,112 |
| Payroll taxes | $25,133 |
| Fees for services: Management | $83,455 |
| Fees for services: Legal | $12,689 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,823 |
| Advertising and promotion | $50,108 |
| Office expenses | $33,685 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,046 |
| Travel | $2,188 |
| 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 | $58,680 |
| Insurance | $34,273 |
| All other expenses | $0 |
| Total functional expenses | $1,385,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,468 |
| Savings and temporary cash investments | $9,954 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,838 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $132,394 |
| Prepaid expenses and deferred charges | $18,102 |
| Net Land, buildings, and equipment | $531,586 |
| Investments—publicly traded securities | $763,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $245,315 |
| Total assets | $2,389,172 |
| Accounts payable and accrued expenses | $166,589 |
| Grants payable | $0 |
| Deferred revenue | $22,487 |
| 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 | $115,228 |
| Total liabilities | $304,304 |
| Net assets without donor restrictions | $2,084,868 |
| 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 | $2,389,172 |