Wheels O Time Museum
- Assets
- $1.5m
- Revenue
- $432.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Dunlap, IL
- Founding
- 07/2017
- Data as of
- 12/2021
- 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 12/2023, Wheels O Time Museum employed 5 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 12/2021, Wheels O Time Museum generated $432.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $184.4k 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
WE ARE HERE TO ENTERTAIN AND EDUCATE. OUR MISSION IS TO PROVIDE A FACILITY WHERE FOLKS OF ALL AGES CAN SEE AND HEAR AND SOMETIMES TOUCH, ITEMS REPRESENTING TRANSPORTATION, INDUSTRY, FARM AND HOME LIFE, AS WELL AS ENTERTAINMENT, FROM TIMES PAST, MOSTLY IN THE CENTRAL ILLINOIS AREA. WE HAVE A MULTITUDE OF EXHIBITS, MANY INTERACTIVE, SHOWING LIFE PRINCIPALLY IN THE TWENTIETH CENTURY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHEELS O' TIME MUSEUM OPERATES A MUSEUM. THE MUSEUM HAS MANY HANDS-ON DISPLAYS WITH MANY OPPORTUNITIES TO SIT IN THE HISTORIC VEHICLES AND HANDLE HISTORIC ARTIFACTS. VOLUNTEERS AND STAFF ARE AVAILABLE TO ANSWER VISITORS' 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 |
|---|---|---|---|
Amdall John President | OfficerTrustee | 10 | $0 |
Baldwin Merce Secretary | OfficerTrustee | 12 | $0 |
Carrothers Michelle Treasurer | OfficerTrustee | 3 | $0 |
Trent William B Vice President | OfficerTrustee | 10 | $0 |
Alexander Ronald Director | Trustee | 15 | $0 |
Baldwin James Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,489 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,585 |
| Net Gain/Loss on Asset Sales | -$10,984 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,363 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,662 |
| Statement of Expenses | |
|---|---|
| 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. | $26,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,836 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $782 |
| Fees for services: Accounting | $12,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,997 |
| Office expenses | $3,801 |
| Information technology | $1,185 |
| Royalties | $0 |
| Occupancy | $100 |
| 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 | $35,849 |
| Insurance | $12,272 |
| All other expenses | $0 |
| Total functional expenses | $184,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,440 |
| Savings and temporary cash investments | $218,281 |
| 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 | $2,489 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $142,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,452,001 |
| Accounts payable and accrued expenses | $649 |
| 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 | $0 |
| Total liabilities | $649 |
| Net assets without donor restrictions | $1,445,196 |
| Net assets with donor restrictions | $6,156 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,451,352 |