Mahan Collection Foundation Inc
- Assets
- $5.7m
- Revenue
- $804.8k
- Investments
- $168.9k
- Employees
- 0
- Location
- Bernardsville, NJ
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 22-3846170
Organization Overview
Mahan Collection Foundation Inc is located in Bernardsville, NJ. 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. Mahan Collection Foundation Inc 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, Mahan Collection Foundation Inc generated $804.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $425.2k 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
THE ORG. CONTINUED TO RESTORE ITS ANTIQUE TRUCKS INCURRING $365,428 IN CAPITALIZED EXPENSES; IMPROVING AND ADDING TO THE COLLECTION TO DISPLAY TO THE PUBLIC FOR EDUC/HIST PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Goldstein V.p./treasurer/trustee | 1 | $0 | |
Gary A Mahan President/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $710,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,645 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,637 |
| Capital Gain Net Income | $83,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $9,270 |
| Other Income | $0 |
| Total Revenue | $804,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $166,725 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,517 |
| Depreciation | $90,979 |
| Occupancy | $11,964 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $133,630 |
| Total operating and administrative expenses | $425,152 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $425,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,340 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $63,767 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $560,488 |
| Other assets | $4,854,759 |
| Total assets | $5,705,285 |
| Accounts payable and accrued expenses | $475 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,199,460 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,199,935 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |