Keystone Tractor Museum Inc
- Assets
- $23.3m
- Revenue
- $750.0k
- Investments
- $11.2m
- Employees
- 0
- Location
- Colonial Heights, VA
- Founding
- 08/2014
- Data as of
- 06/2023
- EIN
- 46-1616775
Organization Overview
Keystone Tractor Museum Inc is located in Colonial Heights, VA. The organization was established in 2014. 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. Keystone Tractor 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 06/2023, Keystone Tractor Museum Inc generated $750.0k 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 (13.8%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OF ANTIQUE TRUCKS AND AGRICULTURAL EQUIPMENT OPEN TO THE PUBLIC FOR EDUCTIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Homer Jones Chairman & P | 10 | $0 | |
Joy H Jones Elected Dire | 1 | $0 | |
Joe Liesfeld III Elected Dire | 1 | $0 | |
Karen T Epps Elected Dire | 1 | $0 | |
Ashton Lewis Elected Dire | 1 | $0 | |
Richard Stone Elected Dire | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,085 |
| Interest on Savings | $0 |
| Dividends & Interest | $190,903 |
| Net Rental Income | $82,942 |
| Net Gain on Sale of Assets | -$30,540 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $136,697 |
| Other Income | $344,946 |
| Total Revenue | $750,033 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $554,994 |
| Pension plans, employee benefits | $36,486 |
| Interest | $0 |
| Taxes | $22,070 |
| Depreciation | $222,870 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,103 |
| Printing and publications | $0 |
| Other expenses | $503,524 |
| Total operating and administrative expenses | $1,465,406 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,465,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,225 |
| Savings and temporary cash investments | $0 |
| 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 | $107,375 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,625,783 |
| Net Land, buildings, and equipment | $11,639,270 |
| Other assets | $0 |
| Total assets | $23,296,260 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,800,000 |
| Other liabilities | $20,015 |
| Total liabilities | $1,820,015 |
Grants Awarded
Over the last fiscal year, Keystone Tractor Museum Inc has awarded $6,125 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIELD DAY OF THE PAST PURPOSE: TO PRESERVE THE HISTORICAL ACTIVITIES OF ANTIQUE TRACTORS. | $750 |
RASSAWEK PURPOSE: TO PRESERVE THE HISTORICAL ACTIVITIES OF ANTIQUE TRACTORS. | $5,000 |
SUCCESSFUL FAMILY SERVICES PURPOSE: TO SUPPORT THE FAMILIES IN THE COMMUNITY. | $375 |