Nethercutt Collection
- Assets
- $68.9m
- Revenue
- $487.2k
- Investments
- $27.4m
- Employees
- 0
- Location
- Sylmar, CA
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 95-4442622
Organization Overview
Nethercutt Collection is located in Sylmar, CA. The organization was established in 1994. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Nethercutt Collection 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, Nethercutt Collection generated $487.2k 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 (15.2%) each year. All expenses for the organization totaled $875.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 8 years. 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
THE NETHERCUTT COLLECTION IS A MUSEUM FEATURING AN EXTENSIVE COLLECTION OF ANTIQUES AND CLASSIC AUTOMOBILES, AN AUTOMOBILE LIBRARY,MECHANICAL MUSICAL INSTRUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack B Nethercutt II Pres/chairman | 2 | $0 | |
Helen Nethercutt Director | 1 | $0 | |
Travis Richards Director | 1 | $0 | |
Bruce Meyer Director | 1 | $0 | |
Robert C Baker Director | 1 | $0 | |
William Bullis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,000 |
| Interest on Savings | $354,017 |
| 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 | $35,160 |
| Other Income | $0 |
| Total Revenue | $487,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $115,811 |
| Pension plans, employee benefits | $40,666 |
| Interest | $0 |
| Taxes | $4,952 |
| Depreciation | $215,908 |
| Occupancy | $92,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $392,258 |
| Total operating and administrative expenses | $875,690 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $875,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,366 |
| Savings and temporary cash investments | $10,241,621 |
| 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 | $21,536 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,351,268 |
| Net Land, buildings, and equipment | $5,652,654 |
| Other assets | $25,352,762 |
| Total assets | $68,869,207 |
| Accounts payable and accrued expenses | $245,569 |
| 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 | $245,569 |