Iowa 80 Trucking Museum
- Assets
- $29.4m
- Revenue
- $3.7m
- Investments
- $19.4m
- Employees
- 0
- Location
- Walcott, IA
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 33-1041050
Organization Overview
Iowa 80 Trucking Museum is located in Walcott, IA. The organization was established in 2003. According to its NTEE Classification (A54) the organization is classified as: History 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. Iowa 80 Trucking 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, Iowa 80 Trucking Museum generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $552.8k during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
ACQUIRE AND MAINTAIN THE OPERATING ASSETS OF THE MUSEUM DEVOTED TO THE CARE AND EXHIBITION OF A COLLECTION OF ANTIQUE TRUCKS AND RELATED TRUCKING MEMORABILIA.NUMBER OF MUSEUM VISITORS = 30,455
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William I Moon III President/director | 1 | $0 | |
Delia M Meier Sr Vp/secretary/director | 1 | $0 | |
James L Tillotson Director | 1 | $0 | |
David Meier Director | 1 | $0 | |
Bill Moon Director | 1 | $0 | |
Jon Hillmann Treasurer/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,032,534 |
| Interest on Savings | $3,452 |
| Dividends & Interest | $429,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $145,172 |
| Capital Gain Net Income | $2,324,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $53,420 |
| Other Income | $11,727 |
| Total Revenue | $3,675,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $81,685 |
| Pension plans, employee benefits | $1,662 |
| Interest | $0 |
| Taxes | $40,181 |
| Depreciation | $160,736 |
| Occupancy | $62,975 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $192,185 |
| Total operating and administrative expenses | $552,804 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $552,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,423 |
| Savings and temporary cash investments | $1,303,170 |
| Net Accounts receivable | $627 |
| 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 | $25,489 |
| Prepaid expenses and deferred charges | $15,300 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,586,384 |
| Other assets | $0 |
| Total assets | $29,417,825 |
| Accounts payable and accrued expenses | $600,770 |
| 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 | $600,770 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa 80 Trucking Museum has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Wittern Family Charitable Foundation Des Moines, IA PURPOSE: CHARITY | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Historical Society Jefferson Memorial Building St Louis, MO | $154,816,775 | $36,156,227 |
Chicago Historical Society Chicago, IL | $142,770,893 | $16,768,760 |
Pmml North Inc Chicago, IL | $161,806,539 | $478,889 |
Union Station Kansas City Inc Kansas City, MO | $67,441,549 | $27,511,678 |
Holocaust Memorial Foundation Of Illinois Inc Skokie, IL | $79,808,430 | $11,161,559 |
Eaa Aviation Foundation Inc Oshkosh, WI | $62,820,883 | $14,243,844 |
Putnam Museum And Science Center Davenport, IA | $12,236,666 | $5,417,637 |
Museum Of Wisconsin Art Inc West Bend, WI | $10,712,368 | $3,038,325 |
Living History Farms Foundation Des Moines, IA | $16,358,279 | $3,488,331 |
National Music Museum Vermillion, SD | $15,649,509 | $3,706,421 |
Stuhr Museum Of The Prairie Pioneer Grand Island, NE | $6,589,907 | $1,816,416 |
Minnesota Masonic Historical Society And Museum Bloomington, MN | $21,958,017 | $92,192 |