Early Ford V-8 Foundation
- Assets
- $8.0m
- Revenue
- $460.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Auburn, IN
- Founding
- 10/1993
- Data as of
- 12/2023
- EIN
- 94-3152163
Organization Overview
Early Ford V-8 Foundation is located in Auburn, IN. The organization was established in 1993. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Early Ford V-8 Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Early Ford V-8 Foundation 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, Early Ford V-8 Foundation generated $460.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $611.1k during the year ending 12/2023. While expenses have increased by 19.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION EXISTS TO COLLECT, PRESERVE, EXHIBIT AND INTERPRET THE HISTORY AND HERITAGE OF THE PRODUCTS MANUFACTURED BY THE FORD MOTOR COMPANY BETWEEN 1932 AND 1953. SINCE MOVING THE ORGANIZATION TO INDIANA IN 2009 THEY HAVE CONTINUED TO EXPAND NOT ONLY THE CAR COLLECTION BUT THE COLLECTION OF PRINTED MATERIAL, FILMS AND HISTORICAL INFORMATION ON THE FORD MOTOR COMPANY. THE ORIGINAL STRUCTURE WAS 8,000 SQ FT. WITH THE SIZE OF THE COLLECTION EXPANDING TO 37 - 40 CARS, THE ORGANIZATION IMPLEMENTED A PLAN BEGINNING IN JULY 2017 TO EXPAND THE SIZE OF THE BUILDING TO ADD AN ADDITIONAL 25,000 SQ FT. THIS ADDITION WAS COMPLETED IN EARLY 2019 AND INCLUDES 10,000 SQ FT WHICH IS USED FOR A COLLECTION OF EIGHTEEN 1936 FORD AUTOMOBILES. THE ADDITION INCLUDES A 1940 FORD SERVICE GARAGE REPLICA. A 1/4 SCALE REPLICA OF THE FORD ROTUNDA AS FIRST DISPLAYED AT THE 1934 WORLD'S FAIR IN CHICAGO IS ALSO A HIGHLIGHT OF THE ADDITION. IN 2023, THE ORGANIZATION COMPLETED COSTRUCTION AND HAD A GRAND OPENIN
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, 4,936 VISITORS TOURED THE MUSEUM. OF THIS AMOUNT, 2657 WERE PAID ADMISSIONS. THE REMAINING VISITORS CONSISTED OF LIFE OR ANNUAL MEMBERS, VARIOUS EVENTS AT THE MUSEUM WITH NO PAID ADMISSION REQUIRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Conrad Secretary | OfficerTrustee | 40 | $78,040 |
Jim Brown Trustee | Trustee | 1 | $0 |
Henry Dominquez Trustee | Trustee | 1 | $0 |
Danny Driskell Trustee | Trustee | 1 | $0 |
Greg Eaton Trustee | Trustee | 1 | $0 |
Craig Floyd President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,545 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,798 |
| Noncash contributions included in lines 1a–1f | $20,060 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,343 |
| Total Program Service Revenue | $23,106 |
| Investment income | $73,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $106,205 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $460,035 |
| 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. | $78,040 |
| Compensation of current officers, directors, key employees. | $7,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,152 |
| Advertising and promotion | $14,722 |
| Office expenses | $41,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,597 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,979 |
| Interest | $44,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,581 |
| Insurance | $33,470 |
| All other expenses | $0 |
| Total functional expenses | $611,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,897 |
| Savings and temporary cash investments | $1,072,725 |
| Pledges and grants receivable | $9,767 |
| 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 | $37,019 |
| Prepaid expenses and deferred charges | $34,022 |
| Net Land, buildings, and equipment | $6,210,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $124,934 |
| Other assets | $0 |
| Total assets | $8,020,833 |
| Accounts payable and accrued expenses | $26,026 |
| Grants payable | -$105 |
| 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 | $1,931,060 |
| Other liabilities | $0 |
| Total liabilities | $1,956,981 |
| Net assets without donor restrictions | $4,541,260 |
| Net assets with donor restrictions | $1,522,592 |
| 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 | $8,020,833 |