Don Garlits Museum Of Drag Racing Inc

Organization Overview

Don Garlits Museum Of Drag Racing Inc is located in Ocala, FL. The organization was established in 1978. 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 09/2021, Don Garlits Museum Of Drag Racing Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Don Garlits Museum Of Drag Racing 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 09/2021, Don Garlits Museum Of Drag Racing Inc generated $910.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $513.8k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PRESERVING THE HISTORY OF DRAG RACING. THE GATHERING OF HISTORICAL RACING VEHICLES AND ARTIFACT. THE RESTORING THE SAME FOR EXHIBITIONAL PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXHIBIT RACE CARS AND ANTIQUE AUTOS IN A MUSEUM SERVING OVER 50,000 PERSON ANNUALLY


PERSONAL APPEARANCE BY DON GARLITS PROMOTING THE SPORTS OF DRAG RACING.


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Board, Officers & Key Employees

Name (title)Compensation
Don Garlits
Chairman/ceo
$0
Donna Garlits
Vice Chairman/cfo
$0
Gay Lyn Capitano
Treasurer/sec
$0
Steve Ellis
Director
$0
Carl Schiefer
Director
$0
Chris Karamesines
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$225,917
Noncash contributions included in lines 1a–1f $220,000
Total Revenue from Contributions, Gifts, Grants & Similar$225,917
Total Program Service Revenue$377,330
Investment income $6,685
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $297,669
Miscellaneous Revenue$0
Total Revenue $910,723

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