NATIONAL CORVETTE MUSEUM FOUNDATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL CORVETTE MUSEUM FOUNDATION INC (EIN 74-2519972)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-12
- IRS object ID
- 202443179349303844
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-12T11:37:21-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 273858252 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEAN DORTON ALLEN FORD PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 W MAIN STREET STE 1400 | AddressLine1Txt |
| City | LEXINGTON | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40507 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742519972 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL CORVETTE MUSEUM FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 2707817973 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 CORVETTE DRIVE | AddressLine1Txt |
| City | BOWLING GREEN | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42101 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KAYE WAGNER | PersonNm |
| Person Title | INTERIM CEO | PersonTitleTxt |
| Phone | 2707817973 | PhoneNum |
| Signature | 2024-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ALLISON C CARTER | PreparerPersonNm |
| PTIN | P01242412 | PTIN |
| Phone | 8592552341 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KAYE WAGNER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 CORVETTE DRIVE | AddressLine1Txt |
| City | BOWLING GREEN | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $23,633,765 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CORVETTEMUSEUM.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1988 | FormationYr |
| Legal Domicile State | NM | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF THE NATIONAL CORVETTE MUSEUM FOUNDATION IS TO EDUCATE WORLDWIDE AUDIENCES ON THE EVOLUTION OF THE CORVETTE AMERICA'S SPORTS CAR THROUGH COLLECTION, PRESERVATION, AND CELEBRATION OF ITS LEGACY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 258 | TotalEmployeeCnt |
| Total Volunteers | 344 | TotalVolunteersCnt |
| Total Gross UBI | $947,828 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $103,957 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,301,294 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,283,170 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,989,079 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,860,411 | CYProgramServiceRevenueAmt |
| PY Investment Income | $268,519 | PYInvestmentIncomeAmt |
| CY Investment Income | $865,893 | CYInvestmentIncomeAmt |
| PY Other Revenue | $8,236,013 | PYOtherRevenueAmt |
| CY Other Revenue | $7,165,578 | CYOtherRevenueAmt |
| PY Total Revenue | $20,794,905 | PYTotalRevenueAmt |
| CY Total Revenue | $18,175,052 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,501,036 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,930,239 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $268,015 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,063,846 | PYOtherExpensesAmt |
| CY Other Expenses | $8,558,821 | CYOtherExpensesAmt |
| PY Total Expenses | $13,564,882 | PYTotalExpensesAmt |
| CY Total Expenses | $15,489,060 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $7,230,023 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,685,992 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $82,060,290 | TotalAssetsBOYAmt |
| Total Assets EOY | $86,891,540 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,209,297 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,266,639 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $71,850,993 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $75,624,901 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE NATIONAL CORVETTE MUSEUM FOUNDATION IS TO EDUCATE WORLDWIDE AUDIENCES ON THE EVOLUTION OF THE CORVETTE AMERICA'S SPORTS CAR THROUGH COLLECTION, PRESERVATION, AND CELEBRATION OF ITS LEGACY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $10,135,462 | ExpenseAmt |
| Revenue | $8,824,847 | RevenueAmt |
| Desc | TOURS AND EXHIBITS: THE NATIONAL CORVETTE MUSEUM FOUNDATION PROVIDED EDUCATIONAL TOURS TO 238,000 GUESTS IN 2023, INCLUDING MORE THAN 4,500 STUDENTS WHO PARTICIPATED IN A SCHOOL OR EDUCATIONAL VISIT. TOUR HIGHLIGHTS INCLUDE THE MCMICHAEL FAMILY EDUCATION GALLERY, WHICH PROVIDES HANDS-ON INSPIRATION FOR FUTURE DESIGNERS AND ENGINEERS. THE DRIVEN BY DESIGN EXHIBITION INCLUDES ORAL HISTORIES ON THE DESIGN AND DEVELOPMENT OF CORVETTE ALONGSIDE DESIGN PROTOTYPES THAT EDUCATE AND EXPLAIN THE DESIGN PROCESS, FROM SKETCH TO PRODUCTION CORVETTE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $92,037 | ExpenseAmt |
| Revenue | $207,390 | RevenueAmt |
| Desc | SPECIAL EVENTS PROGRAMS: 1,892 PEOPLE PARTICIPATED IN THE SPECIAL EVENTS PROGRAMS IN 2023. THIS INCLUDED EDUCATIONAL SEMINARS, PANEL DISCUSSIONS AND PRESENTATIONS FROM ENGINEERS, DESIGNERS AND OTHER EXPERTS IN THEIR FIELDS. THIS PROGRAM USES A SIGNIFICANT NUMBER OF VOLUNTEERS ALSO TO ASSIST IN RUNNING THE ACTIVITIES AND SEMINARS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $276,077 | ExpenseAmt |
| Revenue | $2,445,910 | RevenueAmt |
| Desc | DELIVERY: THE DELIVERY PROGRAM BRINGS NEW CORVETTE OWNERS TO THE MUSEUM SO THAT THEY CAN LEARN ABOUT THE HISTORY OF THE CORVETTE, AND LEARN ABOUT THE PROPER OPERATION OF THEIR VEHICLE. THEY ARE GIVEN A TOUR OF THE CORVETTE ASSEMBLY PLANT (WHEN AVAILABLE) TO EDUCATE THEM ON THE MANUFACTURING PROCESS AND ALSO GIVEN A HANDS-ON DEMONSTRATION OF THE FEATURES OF THE CORVETTE. THOSE INVOLVED IN THE DELIVERY PROGRAM INCLUDE THE STAFF WHO PREPARE THE CAR (PDI) AND THE STAFF WHO PROVIDE THE TOURS AND DEMONSTRATIONS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PLANT TOURS: HELPS FURTHER THE MISSION OF THE MUSEUM TO EDUCATE WORLD-WIDE AUDIENCES ABOUT THE CORVETTE AND HOW IT IS PRODUCED.DRIVEN BY DESIGN, THE MUSEUM'S DESIGN AND ENGINEERING EXHIBITION ILLUSTRATES HOW AUTOMOBILE DESIGN PROGRESSES FROM SKETCHES TO CLAY MODELS, WITH A SCALE CLAY MODEL CORVETTE ON DISPLAY AS AN EXAMPLE OF THE EARLY DESIGN PROCESS. ONE EXHIBIT HIGHLIGHTS THE FEMALE INTERIOR DESIGN TEAM OF THE LATE 1950S, NICKNAMED THE "DAMSELS OF DESIGN." SINCE OPENING IN 2016, THE SINKHOLE EXPERIENCE EXHIBITION HAS DOCUMENTED THE 2014 SINKHOLE COLLAPSE INSIDE THE MUSEUMWHY IT HAPPENED, HOW THE BURIED CARS WERE RECOVERED, HOW THE BUILDING WAS REPAIRED, AND WHAT KARST AND CAVE LANDFORMS ARE.STINGRAY GRILL/CORVETTE STORE: THE STINGRAY GRILL OFFERS LUNCH OPTIONS FOR THE CONVENIENCE OF MUSEUM GUESTS, AND CATERING OPTIONS FOR EVENTS AT THE MUSEUM, SCHOOL GROUP VISITS AND COMMUNITY EVENTS. THE CORVETTE STORE OFFERS A WIDE SELECTION OF UNIQUE GIFTS AND APPAREL THAT TELL THE CORVETTE STORY, WHILE CORVETTE ACCESSORIES ALLOW VISITORS TO CUSTOMIZE THEIR CORVETTE. MUSEUM MARKETING AND COMMUNICATION EFFORTS INCLUDE AMERICA'S SPORTS CAR MAGAZINE, A QUARTERLY PUBLICATION MAILED TO 25,000 HOUSEHOLDS, CLUBS AND BUSINESSES THAT EDUCATES READERS ON EVENTS AT THE NATIONAL CORVETTE MUSEUM AND CORVETTE HISTORY, INCLUDING ARTICLES ON SPECIFIC EXHIBITS TO INFORM THOSE THAT CANNOT PHYSICALLY COME TO THE MUSEUM. MUSEUM CHANNELS ON FACEBOOK, X, LINKEDIN, TIKTOK, INSTAGRAM, AND YOUTUBE HIGHLIGHT THE HISTORY OF THE CORVETTE WHILE ALSO BRINGING ATTENTION TO OUR MISSION AND EDUCATIONAL PROGRAMS, ALONG WITH DIGITAL ADVERTISING AIMED AT REACHING THE NEXT GENERATION OF GUESTS. EMAIL MARKETING INCLUDES CORVETTE CAMPUS CONNECTION, A MONTHLY EMAIL DISTRIBUTED TO MORE THAN 120,000 SUBSCRIBERS, WHICH HIGHLIGHTS PROGRAMS AT THE MUSEUM FOR THOSE UNABLE TO VISIT IN PERSON. THE MUSEUM WEBSITE PROVIDES HISTORICAL INFORMATION AND DETAILED STORIES ABOUT THE CORVETTE AND THE PERSONALITIES WHO HAVE SHAPED ITS 71-YEAR HISTORY. LIBRARY & ARCHIVES RESOURCE CENTER: THE RESOURCE CENTER IS THE REPOSITORY FOR ALL MATERIALS DOCUMENTING THE PAST, PRESENT AND FUTURE OF CORVETTE, CORVETTE ENTHUSIASTS AND THE CORVETTE MUSEUM. THE MATERIAL MANAGED AND PRESERVED INCLUDES AUDIO AND VISUAL MEDIA - BOTH DIGITAL (DVDS) AND MAGNETIC (VHS AND BETA TAPES), PERIODICALS, BOOKS, DRAWINGS, PAINTINGS, POSTERS, MEMORABILIA AND DOCUMENTS INCLUDING SOME IMPORTANT HISTORICAL MEMORABILIA PLUS BUILD SHEETS. MOST MATERIALS HAVE BEEN DONATED TO THE NATIONAL CORVETTE MUSEUM FROM INDIVIDUAL ENTHUSIASTS, PUBLISHING COMPANIES, PRINT MEDIA, AFTERMARKET SUPPLIERS, CLUBS AND ORGANIZATIONS SUCH AS NCRS, AND FROM GM/CHEVROLET.OTHER NATIONAL CORVETTE MUSEUM PROGRAM SERVICES INCLUDE EDUCATIONAL INSTRUCTION, SUCH AS MULTIPLE STEAM WORKSHOPS FOR STUDENTS, FIELD TRIPS, COMMUNITY SCHOOL OUTREACH AND RELATIONSHIP BUILDING. EDUCATIONAL PROGRAMMING ALSO EXTENDS VIRTUALLY THROUGH CORVETTEMUSEUM.ORG, FEATURING HIGH-PROFILE STORYTELLING WITH NATIONAL CORVETTE MUSEUM MEMBERS, INCLUSION IN THE MUSEUM'S QUARTERLY MAGAZINE, AMERICA'S SPORTS CAR, AND PARTICIPATION IN CAR SHOWS ACROSS THE COUNTRY.THE GATEWAY GALLERY TELLS THE STORY OF THE CORVETTE'S CREATION, EXPLORING THE INFLUENCE OF EUROPEAN SPORTS CARS IMPORTED BY WWII VETERANS, SMALL AMERICAN MANUFACTURERS BUILDING LOW-PRODUCTION SPORTS CARS, AND THE DEVELOPMENT OF THE CORVETTE NAME. THE EXHIBITION HIGHLIGHTS HARLEY EARL'S ROLE AT GENERAL MOTORS IN BRINGING THESE ELEMENTS TOGETHER TO CREATE THE CORVETTE, AMERICA'S SPORTS CAR. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $10,503,576 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 36 | IRPDocumentCnt |
| IRP Document W2 G | 17 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 258 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2707774517 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 CORVETTE DRIVE | AddressLine1Txt |
| City | BOWLING GREEN | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42101 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| SHARON BRAWNER | ||||||||
| CEO/PRESIDENT | 40.00 | 10.00 | Yes (X) | Yes (X) | $321,435 | $0 | $18,657 | |
| KAI SPANDE | ||||||||
| BOARD CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| KAYE WAGNER | ||||||||
| CHAIR-ELECT | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL LAROCCA | ||||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| NEIL WATANABE | ||||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| GLENN JOHNSON | ||||||||
| IMMEDIATE PAST CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DALE LEDBETTER | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| HARLAN CHARLES | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CHUCK FAST | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SHANNON LAMARCHE | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SHANNON SKOKOS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MIKE BUCHANON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RAY THERIAULT | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| NORM ROSE | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DEB MURPHY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LON HELTON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN HUNLEY | ||||||||
| DIRECTOR OF FINANCE | 40.00 | 10.00 | Yes (X) | $102,240 | $0 | $9,466 | ||
| AMANDA THOMAS | ||||||||
| DIRECTOR OF HR & BUSINESS OPERATIONS | 40.00 | 10.00 | Yes (X) | $149,187 | $0 | $21,868 | ||
| STEPHANIE MORRILL | ||||||||
| DIRECTOR OF SALES AND GUEST SERVICES | 40.00 | 10.00 | $118,634 | $0 | $12,981 | Yes (X) | ||
| CHRIS HUFFMAN | ||||||||
| IT OPERATIONS MANAGER | 40.00 | 10.00 | $116,329 | $0 | $12,628 | Yes (X) | ||
| BRIAN BAKER | ||||||||
| DIRECTOR OF EDUCATION & COMMUNITY OUTREACH | 40.00 | 10.00 | $108,997 | $0 | $7,981 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $916,822 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $83,581 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SUNBELT CONSTRUCTION INC | |||||
| 1034 SEARCY WAY | BOWLING GREEN | KY | 42103 | CONSTRUCTION | $1,391,193 |
| ANTI-LEAK ROOFING | |||||
| 501 WINDY HILL ROAD | HORSE CAVE | KY | 42749 | CONSTRUCTION | $370,500 |
| ALABAMA MEDIA GROUP | |||||
| PO BOX 2168 | GRAND RAPIDS | MI | 49501 | MARKETING | $205,100 |
| MEREDITHS MOWING SERVICE | |||||
| 1575 CEDAR GROVE CHURCH ROAD | BEE SPRING | KY | 42207 | LAWN CARE | $187,458 |
| DDS ENGINEERING | |||||
| 148 CHESTER COURT | BOWLING GREEN | KY | 42103 | ENGINEERING | $163,553 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $979,699 | MembershipDuesAmt |
| All Other Contributions | $1,303,471 | AllOtherContributionsAmt |
| Total Contributions | $2,283,170 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TOURS & ADMISSIONS | 711210 | $5,003,384 | $5,003,384 | |
| DELIVERY PROGRAM | 611710 | $2,445,910 | $2,445,910 | |
| SPECIAL EVENTS PROGRAMS | 611710 | $207,390 | $207,390 | |
| AMERICA'S SPORTS CAR PUBLICATION | 611710 | $202,007 | $185,417 | $16,590 |
| LIBRARY & ARCHIVES RESOURCE CENTE | 611710 | $1,720 | $1,720 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,860,411 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $855,973 | TotalRevenueColumnAmt |
| Exclusion | $855,973 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,095,432 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $54,298 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,041,134 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,041,134 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $561,794 | UnrelatedBusinessRevenueAmt |
| Exclusion | $479,340 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $62,283 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $52,363 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $9,920 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,920 | TotalRevenueColumnAmt |
| Exclusion | $9,920 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $4,158,405 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $2,037,731 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,120,674 | TotalRevenueColumnAmt |
| Exclusion | $2,120,674 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $7,014,105 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $3,314,321 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,699,784 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,613,500 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $86,284 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| MGMT SERVICES - MOTORSPORTS PARK | 900099 | $283,160 | $283,160 | |
| OTHER REVENUE | 900099 | $20,826 | $20,826 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $303,986 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,175,052 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,478,147 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $947,828 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,465,907 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $622,853 | TotalAmt |
| Program Services | $399,718 | ProgramServicesAmt |
| Management And General | $218,608 | ManagementAndGeneralAmt |
| Fundraising | $4,527 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,246,762 | TotalAmt |
| Program Services | $3,285,109 | ProgramServicesAmt |
| Management And General | $1,923,591 | ManagementAndGeneralAmt |
| Fundraising | $38,062 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,552 | TotalAmt |
| Program Services | $138,404 | ProgramServicesAmt |
| Management And General | $22,148 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $462,861 | TotalAmt |
| Program Services | $239,725 | ProgramServicesAmt |
| Management And General | $223,136 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $437,211 | TotalAmt |
| Program Services | $362,728 | ProgramServicesAmt |
| Management And General | $71,434 | ManagementAndGeneralAmt |
| Fundraising | $3,049 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,298 | TotalAmt |
| Management And General | $95,298 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,344 | TotalAmt |
| Management And General | $100,344 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $436,473 | TotalAmt |
| Program Services | $240,365 | ProgramServicesAmt |
| Management And General | $196,108 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $739,116 | TotalAmt |
| Program Services | $695,885 | ProgramServicesAmt |
| Management And General | $43,231 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $430,062 | TotalAmt |
| Program Services | $283,942 | ProgramServicesAmt |
| Management And General | $73,406 | ManagementAndGeneralAmt |
| Fundraising | $72,714 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $648,250 | TotalAmt |
| Program Services | $534,296 | ProgramServicesAmt |
| Management And General | $113,954 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $329,010 | TotalAmt |
| Management And General | $329,010 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,922,637 | TotalAmt |
| Program Services | $1,380,765 | ProgramServicesAmt |
| Management And General | $541,872 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $375,560 | TotalAmt |
| Program Services | $375,560 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| INCOME TAX EXPENSE | -$28,997 | -$28,997 | ||
| CAR TRANSPORTATION | $773,058 | $79,767 | $691,741 | $1,550 |
| FEES AND LICENSES | $768,048 | $316,832 | $451,216 | |
| MISCELLANOUS | $741,157 | $204,597 | $419,140 | $117,420 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,228,805 | TotalAmt |
| Program Services | $1,004,982 | ProgramServicesAmt |
| Management And General | $193,130 | ManagementAndGeneralAmt |
| Fundraising | $30,693 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,489,060 | TotalAmt |
| Program Services | $10,503,576 | ProgramServicesAmt |
| Management And General | $4,717,469 | ManagementAndGeneralAmt |
| Fundraising | $268,015 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,690,147 | BOYAmt |
| EOY | $2,581,446 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $549,747 | BOYAmt |
| EOY | $229,199 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $649,127 | BOYAmt |
| EOY | $509,875 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $341,811 | BOYAmt |
| EOY | $417,654 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $70,713,289 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $22,913,594 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,736,828 | BOYAmt |
| EOY | $47,799,695 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,089,388 | BOYAmt |
| EOY | $26,055,100 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,003,242 | BOYAmt |
| EOY | $9,298,571 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,060,290 | BOYAmt |
| EOY | $86,891,540 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,588,911 | BOYAmt |
| EOY | $1,637,708 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $550,455 | BOYAmt |
| EOY | $639,530 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,517,950 | BOYAmt |
| EOY | $6,751,780 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,551,981 | BOYAmt |
| EOY | $2,237,621 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,209,297 | BOYAmt |
| EOY | $11,266,639 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,081,726 | BOYAmt |
| EOY | $74,427,635 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $769,267 | BOYAmt |
| EOY | $1,197,266 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,850,993 | BOYAmt |
| EOY | $75,624,901 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,060,290 | BOYAmt |
| EOY | $86,891,540 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,685,992 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,039,689 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $48,227 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,787,593 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,128,483 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,230,575 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,301,294 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,283,170 | CurrentTaxYearAmt |
| Total | $17,731,115 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,074,380 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,604,914 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,942,909 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,905,659 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,478,147 | CurrentTaxYearAmt |
| Total | $44,006,009 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,901,150 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,420,620 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,474,820 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,947,390 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,158,405 | CurrentTaxYearAmt |
| Total | $20,902,385 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,763,123 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $14,154,017 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $15,648,304 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,154,343 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,919,722 | CurrentTaxYearAmt |
| Total | $82,639,509 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $296,126 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $179,645 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $246,015 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $177,993 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $248,157 | CurrentTaxYearAmt |
| Total | $1,147,936 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $296,126 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $179,645 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $246,015 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $177,993 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $248,157 | CurrentTaxYearAmt |
| Total | $1,147,936 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $81,491,573 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $492,745 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $334,106 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $429,230 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $561,967 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,951,406 | CurrentTaxYearAmt |
| Total | $3,769,454 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $492,745 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $334,106 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $429,230 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $561,967 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,951,406 | CurrentTaxYearAmt |
| Total | $3,769,454 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $789,636 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $59,732 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $132,541 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $113,287 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $386,034 | CurrentTaxYearAmt |
| Total | $1,481,230 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $180,217 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $218,097 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $214,774 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,313,655 | CurrentTaxYearMinus1YearAmt |
| Total | $1,926,743 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,225,721 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $14,765,952 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,424,849 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $22,143,252 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,257,162 | CurrentTaxYearAmt |
| Total | $89,816,936 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.90730 | PublicSupportCY509Pct |
| Public Support PY509 | 0.92260 | PublicSupportPY509Pct |
| Investment Income CY | 0.04200 | InvestmentIncomeCYPct |
| Investment Income PY | 0.02860 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,258,406 | OtherCostOrOtherBasisAmt |
| Book Value | $14,258,406 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,900,958 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,819,178 | DepreciationAmt |
| Book Value | $18,081,780 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,760,892 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,098,766 | DepreciationAmt |
| Book Value | $2,662,126 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,135,073 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,754,363 | DepreciationAmt |
| Book Value | $1,380,710 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,657,960 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,241,287 | DepreciationAmt |
| Book Value | $11,416,673 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $47,799,695 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DEPOSITS | $10,111 |
| INVESTMENT IN MOTORSPORTS PARK | $8,571,304 |
| INSURANCE WITHHOLDING | $2,221 |
| OPERATING LEASE RIGHT-OF-USE ASSETS, NET AMORTIZATION | $714,935 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $9,298,571 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED INTEREST PAYABLE | $28,680 |
| DEFERRED TAX LIABILITY | $636,025 |
| INTEREST RATE SWAP | $109,842 |
| DUE TO MSP | $1,274,249 |
| DEBT FINANCING COSTS | $188,825 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,237,621 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE MUSEUM IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISION OF STATE LAW. HOWEVER, THE MUSEUM IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME, WHICH PRIMARILY INCLUDES INCOME FROM THE RENT AND ADMINISTRATIVE SERVICES PROVIDED TO MSP AND NCMI. TAXES INCURRED AS A RESULT OF UNRELATED BUSINESS INCOME (UBI) ACTIVITIES ARE ACCOUNTED FOR IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE, ASC 740, INCOME TAXES. THE MUSEUM FILES TAX RETURNS IN U.S. FEDERAL JURISDICTION. THE MUSEUM DETERMINES DEFERRED INCOME TAXES USING THE LIABILITY OR BALANCE SHEET METHOD. UNDER THIS METHOD, THE NET DEFERRED TAX ASSET OR LIABILITY IS BASED ON THE TAX EFFECTS OF THE DIFFERENCES BETWEEN THE BOOK AND TAX BASES OF ASSETS AND LIABILITIES AND ENACTED CHANGES IN TAX RATES AND LAWS ARE RECOGNIZED IN THE PERIOD IN WHICH THEY OCCUR. DEFERRED INCOME TAX EXPENSE OR BENEFIT RESULTS FROM CHANGES IN DEFERRED TAX ASSETS AND LIABILITIES BETWEEN PERIODS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE IF, BASED ON THE WEIGHT OF EVIDENCE AVAILABLE, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF A DEFERRED TAX ASSET WILL NOT BE REALIZED. MSP ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH ASC 740, INCOME TAXES. THE INCOME TAX ACCOUNTING GUIDANCE RESULTS IN TWO COMPONENTS OF INCOME TAX EXPENSE: CURRENT AND DEFERRED. CURRENT INCOME TAX EXPENSE REFLECTS TAXES TO BE PAID OR REFUNDED FOR THE CURRENT PERIOD BY APPLYING THE PROVISIONS OF THE ENACTED TAX LAW TO THE TAXABLE INCOME OR EXCESS OF DEDUCTIONS OVER REVENUES. TAX POSITIONS ARE RECOGNIZED IF IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE TAX POSITION WILL BE REALIZED OR SUSTAINED UPON EXAMINATION. THE TERM MORE LIKELY THAN NOT MEANS A LIKELIHOOD OF MORE THAN 50% THE TERMS EXAMINED AND UPON EXAMINATION ALSO INCLUDE RESOLUTION OF THE RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN NOT RECOGNITION THRESHOLD IS INITIALLY AND SUBSEQUENTLY MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE DETERMINATION OF WHETHER OR NOT A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD CONSIDERS THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE REPORTING DATE AND IS SUBJECT TO MANAGEMENT'S JUDGMENT. |
| SCHEDULE D, PART III, LINE 1 | IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, SEVERAL AUTOMOBILES, STYLING MULES, POWER PLANTS AND CORVETTE DOCUMENTS DONATED TO THE MUSEUM ARE NOT INCLUDED IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. THE MAJORITY OF THE AUTOMOBILES ON DISPLAY AND IN STORAGE AT THE MUSEUM ARE ON LOAN FROM CORVETTE ENTHUSIASTS AND ARE NOT INCLUDED AS PART OF THE MUSEUM COLLECTION. MANAGEMENT BELIEVES THE MUSEUM HAS THE RESOURCES AND TECHNOLOGY TO APPROPRIATELY MAINTAIN THESE ARTIFACTS. |
| SCHEDULE D, PART III, LINE 4 | THE MUSEUM'S COLLECTION INCLUDES VEHICLES, CLAY MODELS, HISTORICAL MEMORABILIA, MAGAZINES, PERIODICALS, VIDEOS, SKETCHES, DOCUMENTS, BUILD SHEETS, AND MANY OTHER ITEMS THAT DOCUMENT AND PRESERVE THE HISTORY OF THE CORVETTE. MANY OF THESE ITEMS ARE AVAILABLE FOR VIEWING, FOR RESEARCH AND FOR EDUCATIONAL PURPOSES. |
Schedule G IRS990ScheduleG
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $4,158,405 | GrossRevenueOtherGamingAmt |
| Non Cash Prizes Other Gaming | $1,908,451 | NonCashPrizesOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $129,280 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | Yes (1) | VolunteerLaborOtherGamingInd |
| Volunteer Labor Other Gaming | 0.90000 | VolunteerLaborOtherGamingPct |
| Gross Revenue Total Gaming | $4,158,405 | GrossRevenueTotalGamingAmt |
| Non Cash Prizes Total Gaming | $1,908,451 | NonCashPrizesTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $129,280 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $2,037,731 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $2,120,674 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | KY | StatesWhereGamingConductedCd |
| Licensed | Yes (1) | LicensedInd |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (1) | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 1.00000 | GamingOwnFacilityPct |
| Individual With Books | BRIAN HUNLEY | IndividualWithBooksNm |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 CORVETTE DR | AddressLine1Txt |
| City | BOWLING GREEN | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
| Gaming Manager Person | BRIAN HUNLEY | GamingManagerPersonNm |
| Gaming Manager Compensation | $0 | GamingManagerCompensationAmt |
| Gaming Manager Services Prov | OVERSEES GAMING VOLUNTEERS AND ENSURES COMPLIANCE | GamingManagerServicesProvTxt |
| Gaming Manager Is Director Ofcr | Yes (X) | GamingManagerIsDirectorOfcrInd |
| Charitable Distribution Rqr | 0 | CharitableDistributionRqrInd |
| Distributed | $2,121,074 | DistributedAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | Yes (1) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SHARON BRAWNER | ||||||||||||||
| CEO/PRESIDENT | $228,235 | $0 | $93,200 | $0 | $0 | $0 | $16,647 | $0 | $2,010 | $0 | $340,092 | $0 | $0 | $0 |
| AMANDA THOMAS | ||||||||||||||
| DIRECTOR OF HR & BUSINESS OPERATIONS | $137,198 | $0 | $11,989 | $0 | $0 | $0 | $7,484 | $0 | $14,384 | $0 | $171,055 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE CEO'S SPOUSE OCCASIONALLY TRAVELS ON BUSINESS TRIPS TO ASSIST BY PROVIDING VOLUNTEER SERVICES AT EVENTS. |
| PART I, LINE 3 | A THREE-PERSON COMMITTEE WITHIN THE NCM FOUNDATION BOARD OF DIRECTORS OPERATES AS THE COMPENSATION COMMITTEE FOR THE CEO. THE CEO AND NCM HUMAN RESOURCES DEPARTMENT EVALUATE COMPENSATION FOR MUSEUM STAFF. A THIRD-PARTY CONSULTING HR FIRM IS USED TO CONDUCT A COMPENSATION STUDY EVERY THREE YEARS AND PAY GRADES ARE ASSIGNED TO EACH POSITION AT THE MUSEUM. THE THIRD-PARTY HR CONSULTING FIRM BENCHMARKS COMPENSATION TO OTHER ORGANIZATIONS OF SIMILAR INDUSTRY, SIZE, REVENUE, AND LOCATION. THE CEO AND NCM HUMAN RESOURCES DEPARTMENT DETERMINE INDIVIDUAL STAFF COMPENSATION BASED ON PAY GRADES, DUTIES, PERFORMANCE, AND EXPERIENCE. |
| PART I, LINE 6 | THE CEO RECEIVES AN ANNUAL BONUS BASED ON ACHIEVEMENT OF KEY PERFORMANCE INDICATORS DETERMINED BY THE NCM FOUNDATION BOARD OF DIRECTORS AS WELL AS BY ADJUSTED EBITDA FOR THE APPROVED BUDGET. OFFICERS AND EMPLOYEES ALSO RECEIVE AN ANNUAL BONUS BASED ON ADJUSTED EBITDA FOR THE APPROVED BUDGET. THE BONUS CALCULATION FOR THE CEO IS VERIFIED AND APPROVED BY THE COMPENSATION COMMITTEE, AN INDEPENDENT BODY. |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Method Of Determining Revenues | SEE PART II | MethodOfDeterminingRevenuesTxt |
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Method Of Determining Revenues | SEE PART II | MethodOfDeterminingRevenuesTxt |
Collectibles CollectiblesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 222 | ContributionCnt |
| Method Of Determining Revenues | SEE PART II | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 33: | FormAndLineReferenceDesc |
| Explanation | THERE WERE NOT ANY NONCASH CONTRIBUTIONS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G, BECAUSE THE MUSEUM DID NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116. ONLY SUPPLY TYPE DONATIONS THAT WERE PUT INTO USE ARE RECOGNIZED IN REVENUES AS NONCASH CONTRIBUTIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FULL FORM 990 AND ALL REQUIRED SCHEDULES WERE EMAILED TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED. THE FULL BOARD REVIEWED IT AND PROVIDED FEEDBACK IF SO DESIRED. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST FORMS ARE COMPLETED ANNUALLY BY ALL BOARD MEMBERS AND THE FULL BOARD APPROVES TRANSACTIONS AS NECESSARY. THOSE WITH A CONFLICT ARE EXCLUDED FROM THE DISCUSSION AND VOTE. |
| FORM 990, PART VI, SECTION B, LINE 15 | A THREE-PERSON COMMITTEE OF THE BOARD OPERATES AS THE COMPENSATION COMMITTEE FOR THE MUSEUM. THEY EVALUATE THE COMPENSATION COMPARATIVES OF OTHER MUSEUMS AND NON PROFITS, AND REVIEW COMPENSATION BENCHMARK INFORMATION TO DETERMINE A REASONABLE COMPENSATION BASED ON DUTIES AND PERFORMANCE. A FULL COMPARISON AND REVIEW WAS CONDUCTED IN 2016. EXECUTIVE MANAGEMENT REVIEWS COMPARABLE SALARY DATA ANNUALLY AND APPROVES AN ANNUAL INCREASE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE MUSEUM'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED TO ANYONE UPON REQUEST. FINANCIAL INFORMATION IS ALSO SHARED ANNUALLY AT THE MUSEUM'S OPEN MEMBERSHIP MEETINGS IN APRIL AND SEPTEMBER OF EACH YEAR. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FAIR VALUE OF SWAP 48,227. |
| FORM 990, PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| SCHEDULE R, PART I | NCM MOTORSPORTS PARK, LLC AND NCM INSURANCE AGENCY, LLC ARE BOTH SINGLE MEMBER LIMITED LIABILITY COMPANIES OF WHOLLY OWNED C-CORPORATION NCM HOLDINGS, LLC. BOTH ENTITIES ARE DISREGARDED FOR INCOME TAX PURPOSES. THE SHARE OF INCOME AND ASSETS OF EACH LLC IS EQUAL TO THE SHARE OF INCOME AND ASSETS OF NCM HOLDINGS, LLC. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| NCM MOTORSPORTS PARK LLC | |||||||||
| 350 CORVETTE DRIVE | BOWLING GREEN | KY | 42101 | 471462434 | MOTORSPORTS | KY | $4,156,091 | $2,420,721 | NCM HOLDINGS LLC |
| NCM INSURANCE AGENCY LLC | |||||||||
| 350 CORVETTE DRIVE | BOWLING GREEN | KY | 42101 | 843242616 | INSURANCE | NV | $2,626,202 | $3,065,702 | NCM HOLDINGS LLC |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NCM HOLDINGS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 CORVETTE DRIVE | AddressLine1Txt |
| City | BOWLING GREEN | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 854095023 | EIN |
| Primary Activities | MOTORSPORTS | PrimaryActivitiesTxt |
| Legal Domicile State | KY | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NCM | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $6,782,293 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $5,486,423 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NCM HOLDINGS LLC | ||
| L | $283,160 | FMV |
| NCM HOLDINGS LLC | ||
| A | $561,794 | FMV |
| NCM HOLDINGS LLC | ||
| D | $1,274,249 | FMV |