Museum Of Automobiles Inc
- Assets
- $2.0m
- Revenue
- $447.8k
- Investments
- $0.0
- Employees
- 37
- Location
- Morrilton, AR
- Founding
- 11/1976
- Data as of
- 12/2021
- EIN
- 71-0477370
Organization Overview
Museum Of Automobiles Inc is located in Morrilton, AR. The organization was established in 1976. 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, Museum Of Automobiles Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Automobiles 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, Museum Of Automobiles Inc generated $447.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $374.9k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE DISPLAY 48 AUTOMOBILES, 7 MOTORCYCLES, ANTIQUE ARCADE MACHINES, VINTAGE MODELS, VINTAGE STAND ALONE ENGINES TO THE GENERAL PUBLIC. WE ARE OPEN 10 AM TO 5 PM, 364 DAYS A YEAR, CLOSING ONLY ON CHRISTMAS DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan E Hoelzeman Executive Director | Officer | 50 | $52,500 |
Name Not Listed Secretary/treasurer | OfficerTrustee | 0 | $10,500 |
Raymond Harrill President | OfficerTrustee | 0 | $0 |
Bob Dudley Vice-President | OfficerTrustee | 0 | $0 |
Jim Lemmon Board Member | Trustee | 0 | $0 |
Dr Tw Brown Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,320 |
| Fundraising events | $63,968 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,019 |
| Noncash contributions included in lines 1a–1f | $99,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,307 |
| Total Program Service Revenue | $113,207 |
| Investment income | $38,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,760 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,810 |
| 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. | $63,000 |
| Compensation of current officers, directors, key employees. | $63,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,313 |
| Pension plan accruals and contributions | $3,198 |
| Other employee benefits | $0 |
| Payroll taxes | $20,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,453 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,583 |
| Travel | $0 |
| 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 | $409 |
| Insurance | $8,331 |
| All other expenses | $31,160 |
| Total functional expenses | $374,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $43,208 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,085 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,458 |
| Investments—publicly traded securities | $966,684 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $982,062 |
| Total assets | $2,020,697 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $30,423 |
| Total liabilities | $30,423 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,990,274 |
| Total liabilities and net assets/fund balances | $2,020,697 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Museum Of Automobiles Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Land Experience Ministries Inc Fort Worth, TX | $0 | $1,182,196 |
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
Commemorative Air Force Dallas, TX | $31,700,187 | $23,919,156 |
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |