The Harrah Automobile Foundation
- Assets
- $33.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Reno, NV
- Founding
- 12/1981
- Data as of
- 12/2021
- EIN
- 94-2777978
Organization Overview
The Harrah Automobile Foundation is located in Reno, NV. The organization was established in 1981. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Harrah Automobile Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harrah Automobile Foundation 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, Harrah Automobile Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 2.3% 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
THE MISSION OF THE NATIONAL AUTOMOBILE MUSEUM (THE HARRAH COLLECTION) IS TO COLLECT AND PRESERVE THE AUTOMOBILE FOR FUTURE GENERATIONS TO TELL THE STORY OF THE IMPACT OF THE AUTOMOBILE ON AMERICAN SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM IS OPEN 363 DAYS A YEAR PROVIDING ADMISSION TO 62,950 VISITORS. VISITORS EXPERIENCE THE COLLECTION, SPECIAL EXHIBITS AND EDUCATIONAL PROGRAMS.
THE GIFT SHOP IS OPEN ALONG WITH THE MUSEUM AND SELLS MERCHANDISE RELATED TO THE AUTOMOBILE AND THE MUSEUM, INCLUDING REFERENCE BOOKS, MODELS, CAR CARE PRODUCTS AND LOGO CLOTHING.
THE MUSEUM OFFERS SPECIAL EVENTS TO THE PUBLIC AND MEMBERS AND IS AVAILABLE FOR BANQUETS AND MEETINGS FOR GROUPS.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Macdougall President & Executive Director | Officer | 40 | $79,933 |
Buddy Frank Coo/trustee | OfficerTrustee | 40 | $18,250 |
William E Ramsey Treasurer | OfficerTrustee | 5 | $0 |
Ranson W Webster Chairman | OfficerTrustee | 5 | $0 |
Paul Georgeson Vice President | OfficerTrustee | 5 | $0 |
Janet L Chubb Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $62,523 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $571,352 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,272 |
| Noncash contributions included in lines 1a–1f | $90,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $802,147 |
| Total Program Service Revenue | $712,647 |
| Investment income | $28,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,100 |
| Net Gain/Loss on Asset Sales | $650 |
| Net Income from Fundraising Events | $10,012 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $158,880 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,726,114 |
| 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. | $98,183 |
| Compensation of current officers, directors, key employees. | $98,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $456,777 |
| Pension plan accruals and contributions | $13,873 |
| Other employee benefits | $62,087 |
| Payroll taxes | $49,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $850 |
| Fees for services: Accounting | $17,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $57,352 |
| Office expenses | $85,446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,109 |
| Travel | $6,014 |
| 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 | $241,981 |
| Insurance | $148,029 |
| All other expenses | $3,794 |
| Total functional expenses | $1,468,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,145 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,330 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,139 |
| Prepaid expenses and deferred charges | $4,874 |
| Net Land, buildings, and equipment | $9,496,548 |
| Investments—publicly traded securities | $1,551,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,077,855 |
| Total assets | $33,663,387 |
| Accounts payable and accrued expenses | $58,327 |
| Grants payable | $0 |
| Deferred revenue | $27,239 |
| 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 | $85,566 |
| Net assets without donor restrictions | $22,934,671 |
| Net assets with donor restrictions | $10,643,150 |
| 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 | $33,663,387 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Harrah Automobile Foundation has recieved totaling $6,104.
| Awarding Organization | Amount |
|---|---|
Elaine And David Milestone Familycharitable Foundation Inc Chevy Chase, MD PURPOSE: GENERAL | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $104 |
Endowment Analysis
| Beg. Balance | $475,399 |
| Earnings | $51,232 |
| Ending Balance | $526,232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |