Seal Cove Auto Museum
- Assets
- $959.9k
- Revenue
- $735.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Seal Cove, ME
- Founding
- 12/1966
- Data as of
- 12/2021
- EIN
- 01-0277592
Organization Overview
Seal Cove Auto Museum is located in Seal Cove, ME. The organization was established in 1966. 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. Seal Cove Auto 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 12/2021, Seal Cove Auto Museum generated $735.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $351.4k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN AUTO MUSEUM WHICH HAD OVER 13,000 VISITORS VIEWING THE COLLECTION AT ITS LOCATION IN SEAL COVE. SEVERAL VEHICLES IN ITS COLLECTION WERE DISPLAYED AND VIEWED OFF PREMISES BY OVER 100,000 INDIVIDUALS AT CAR SHOWS AND IN PARADES NATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David White Director | 0.5 | $0 | |
Jeryl Schriever President | 1 | $0 | |
Erwin Zimmerman Director | 0.5 | $0 | |
Chris Koch Director | 0.5 | $0 | |
Harry Saunders Director | 0.5 | $0 | |
Sharon Broom Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $375,122 |
| Interest on Savings | $344 |
| 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 | $7,329 |
| Other Income | $352,920 |
| Total Revenue | $735,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $168,614 |
| Pension plans, employee benefits | $0 |
| Interest | $3,092 |
| Taxes | $17,193 |
| Depreciation | $18,530 |
| Occupancy | $32,407 |
| Travel, conferences, and meetings | $8,558 |
| Printing and publications | $0 |
| Other expenses | $86,453 |
| Total operating and administrative expenses | $351,385 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $351,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426 |
| Savings and temporary cash investments | $609,509 |
| 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 | $19,810 |
| Prepaid expenses and deferred charges | $3,845 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $141,286 |
| Other assets | $185,000 |
| Total assets | $959,876 |
| Accounts payable and accrued expenses | $4,164 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $77,175 |
| Other liabilities | $0 |
| Total liabilities | $81,339 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Seal Cove Auto Museum has recieved totaling $275,405.
| Awarding Organization | Amount |
|---|---|
Richard C Paine Jr Automobile Collection Charitable Trust Portland, ME PURPOSE: TO FUND SEAL COVE AUTO MUSEUM - DISPLAYS CLASSIC AUTOS | $269,155 |
Nautilus Foundation Inc Palm Beach, FL PURPOSE: TO FURTHER THE PURPOSE OF THE DONEE ORGANIZATION | $2,000 |
Atwater Kent Foundation Inc Palm Beach, FL PURPOSE: TO FURTHER THE PURPOSE OF THE DONEE ORG. | $1,750 |
Cotter Foundation Las Vegas, NV PURPOSE: GENERAL SUPPORT | $1,000 |
The Edward And Marthann Samek Foundation Newtown Square, PA PURPOSE: GENERAL | $1,000 |
Philios Foundation Inc Jacksonville, FL PURPOSE: THE MUSEUM SERVES TO TELL THE STORY OF THE DEVELOPMENT OF THE AUTOMOBILE PARTICULARLY AS IT RELATES TO THE IGENUITY AND INNOVATION DEVELOPED IN NEW ENGLAND. THE GRANT SUPPORTS GENERAL OPERATION OF THE MUSEUM. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Maritime Museum Bath, ME | $19,147,299 | $3,611,205 |
Maine Mineral & Gem Museum Bethel, ME | $14,617,603 | $769,092 |
Canterbury Shaker Village Inc Canterbury, NH | $3,241,019 | $1,688,271 |
Penobscot Marine Museum Searsport, ME | $8,277,134 | $1,504,211 |
Sailing Ships Portland Portland, ME | $252,695 | $803,946 |
Abbe Museum Bar Harbor, ME | $4,804,812 | $816,686 |
Chosen Vale Inc Enfield, NH | $3,466,183 | $1,051,971 |
New England Ski Museum Franconia, NH | $1,811,111 | $345,656 |
Moosehead Marine Museum Inc Greenville, ME | $2,433,477 | $495,523 |
Seal Cove Auto Museum Seal Cove, ME | $959,876 | $735,715 |
Americas Credit Union Museum Foundation Manchester, NH | $2,650,235 | $258,089 |
Marine Mammals Of Maine Bath, ME | $177,477 | $377,561 |