Wheels O Time Museum
- Assets
- $1.2m
- Revenue
- $835.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Dunlap, IL
- Founding
- 07/2017
- Data as of
- 12/2020
- EIN
- 81-5145833
Organization Overview
Wheels O Time Museum is located in Dunlap, IL. The organization was established in 2017. 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, Wheels O Time Museum employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheels O Time 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 12/2020, Wheels O Time Museum generated $835.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $140.5k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EDUCATIONAL AND HISTORIC ATTRACTION EMPHASIZING CENTRAL ILLINOIS INDUSTRY, AGRICULTURE AND EVERYDAY LIFE; AND TO PROVIDE A "WARMX OR "HANDS-ON" ENVIRONMENT THAT, WHILE PROVIDING INTERESTING AND FUN DISPLAYS FOR YOUNG PEOPLE AND THE YOUNG AT HEART,
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHEELS O' TIME MUSEUM OPERATES THE MUSEUM. THE MUSEUM HAS MANY HANDS-ON DISPLAYS WITH MANY OPPORTUNITIES TO SIT IN THE HISTORIC VEHICLES AND HANDLE HISTORIC ARTIFACTS. VOLUNTEER DOCENTS ARE AVAILABLE THROUGHOUT THE MUSEUM TO ANSWER VISITOR'S QUESTIONS. THE MUSEUM HAS A SMALL GIFT SHOP THAT SELLS ITEMS RELATED TO THE DISPLAYS TO PROVIDE VISITORS THE OPPORTUNITY TO TAKE HOME A MEMENTO OF THEIR VISIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Evancho Executive Director | Officer | 30 | $26,680 |
James Baldwin President | OfficerTrustee | 20 | $0 |
Paul Reisdorf Vice-President | OfficerTrustee | 10 | $0 |
Fredric Roland Treasurer | OfficerTrustee | 8 | $0 |
Merce' Baldwin Secretary | OfficerTrustee | 12 | $0 |
Ronald Alexander Director | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $815,823 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $833,323 |
| Total Program Service Revenue | $1,230 |
| Investment income | $286 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $834,966 |
| 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. | $24,000 |
| Compensation of current officers, directors, key employees. | $7,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $8,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,617 |
| Office expenses | $1,740 |
| Information technology | $440 |
| Royalties | $0 |
| Occupancy | $17,476 |
| 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 | $0 |
| Insurance | $8,535 |
| All other expenses | $5,013 |
| Total functional expenses | $140,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,228 |
| Savings and temporary cash investments | $233,513 |
| 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 | $3,025 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $850,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,207,676 |
| 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 | $7,600 |
| Other liabilities | $0 |
| Total liabilities | $7,600 |
| Net assets without donor restrictions | $1,125,521 |
| Net assets with donor restrictions | $74,555 |
| 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 | $1,207,676 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wheels O Time Museum has recieved totaling $3,069.
| Awarding Organization | Amount |
|---|---|
Rucker Family Foundation Peoria, IL PURPOSE: GENERAL | $1,500 |
Oberhelman Family Foundation Edwards, IL PURPOSE: TO PROVIDE AN EDUCATIONAL AND HISTORIC ATTRACTION EMPHASIZING CENTRAL ILLINOIS' INDUSTRIES | $1,000 |
Share Foundation Peoria, IL PURPOSE: CHARITABLE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
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 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
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 |