Studebaker National Museum Inc
- Assets
- $2.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 22
- Location
- South Bend, IN
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 35-1555535
Organization Overview
Studebaker National Museum Inc is located in South Bend, IN. The organization was established in 1983. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Studebaker National Museum Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studebaker National Museum 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, Studebaker National Museum Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HOUSING, DISPLAY AND RESTORATION FACILITIES FOR A COLLECTION OF HISTORICAL VEHICLES, ARCHIVES AND VARIOUS ARTIFACTS RELATED TO THE STUDEBAKER AUTOMOBILE CORPORATION AND THE CITY OF SOUTH BEND, INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A HISTORICAL MUSEUM PROVIDING HOUSING, DISPLAY AND RESTORATION FACILITIES FOR A COLLECTION OF HISTORICAL VEHICLES, ARCHIVES, AND VARIOUS ARTIFACTS RELATED TO THE STUDEBAKER AUTOMOBILE CORPORATION AND THE CITY OF SOUTH BEND, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Slebonick Executive Di | Officer | 40 | $98,121 |
Vivian Lavine 2nd Vice Pre | OfficerTrustee | 5 | $0 |
William Panzica 1st Vice Pre | OfficerTrustee | 5 | $0 |
Leo Priemer President | OfficerTrustee | 10 | $0 |
Patrick Ruszkowski Snm Fdn. Pre | OfficerTrustee | 2 | $0 |
Thomas Felger Secretary | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,285 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $564,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $597,144 |
| Total Program Service Revenue | $186,621 |
| Investment income | $51,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,919 |
| Net Rental Income | $20,934 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $166,397 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $76,290 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,228,301 |
| 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. | $98,121 |
| Compensation of current officers, directors, key employees. | $98,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $317,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,033 |
| Payroll taxes | $39,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,226 |
| Office expenses | $8,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,464 |
| Travel | $22,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,498 |
| Insurance | $33,522 |
| All other expenses | $134,149 |
| Total functional expenses | $1,160,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,055,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,519 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,484 |
| Prepaid expenses and deferred charges | $15,512 |
| Net Land, buildings, and equipment | $1,177,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,889 |
| Total assets | $2,434,604 |
| Accounts payable and accrued expenses | $174,719 |
| Grants payable | $0 |
| Deferred revenue | $8,250 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $182,969 |
| Net assets without donor restrictions | $2,084,066 |
| Net assets with donor restrictions | $167,569 |
| 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 | $2,434,604 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Studebaker National Museum Inc has recieved totaling $3,202.
| Awarding Organization | Amount |
|---|---|
Sia Foundation Inc Lafayette, IN PURPOSE: GRANT | $3,202 |
Endowment Analysis
| Beg. Balance | $921,202 |
| Earnings | $164,435 |
| Admin Expense | $5,200 |
| Net Contributions | $8,500 |
| Ending Balance | $1,088,937 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |