NATIONAL CORVETTE MUSEUM FOUNDATION INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL CORVETTE MUSEUM FOUNDATION INC (EIN 74-2519972)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-13
- IRS object ID
- 201303189349301330
- Schema version
- 2012v2.0
- 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 K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-13T18:05:59-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742519972 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL CORVETTE MUSEUM FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NATI | NameControl |
| Phone | 2707817973 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 Corvette Drive | AddressLine1 |
| City | Bowling Green | City |
| State | KY | State |
| ZIP Code | 42101 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Christy Thomas | Name |
| Title | Finance & HR Director | Title |
| Phone | 2704678821 | Phone |
| Date Signed | 2013-11-13 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL CORVETTE MUSEUM | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Wendell K Strode | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 Corvette Dr | AddressLine1 |
| City | Bowling Green | City |
| State | KY | State |
| ZIP Code | 42101 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 12921910 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.corvettemuseum.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1988 | YearFormation |
| State Legal Domicile | NM | StateLegalDomicile |
| Activity Or Mission Description | The National Corvette Museum Foundation, Inc's primary mission is to preserve the history and heritage of the Corvette automobile, to operate as a repository for historical Corvette and automotive documents, and to educate the public on the design, development, assembly, and history of the Corvette automobile and the automotive industry. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 17 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 104 | TotalNbrEmployees |
| Total Nbr Volunteers | 454 | TotalNbrVolunteers |
| Total Gross UBI | 181219 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 19616 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1581204 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1860255 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1797158 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1750172 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 85239 | InvestmentIncomePriorYear |
| Investment Income Current Year | 427188 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3851158 | OtherRevenuePriorYear |
| Other Revenue Current Year | 4240772 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 7314759 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8278387 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2691696 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2824964 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 208300 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3169466 | OtherExpensePriorYear |
| Other Expenses Current Year | 2939813 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5861162 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5764777 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1453597 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2513610 | RevenuesLessExpensesCY |
| Total Assets BOY | 28931052 | TotalAssetsBOY |
| Total Assets EOY | 30372182 | TotalAssetsEOY |
| Total Liabilities BOY | 9425108 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 8352628 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19505944 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 22019554 | NetAssetsOrFundBalancesEOY |
| Mission Description | The National Corvette Museum Foundation, Inc's primary mission is to preserve the history and heritage of the Corvette automobile, to operate as a repository for historical Corvette and automotive documents, and to educate the public on the design, development, assembly, and history of the Corvette automobile and the automotive industry. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1178542 | Expense |
| Revenue | 0 | Revenue |
| Description | Tours and Exhibits: The NCM provided educational tours to 138,863 people during calendar year 2012. 7,113 students participated in the educational tours, along with their school groups. Each tour includes watching a 13 minute video on the history of the Corvette and visiting educational exhibits showing a mid-century barbershop and an old service station complete with authentic gas pumps. The nostalgia exhibit also includes a scene from the Corvette assembly plant as workers talk first hand about their career of building automobiles. The design and engineering area shows how the automobile design goes from sketches to clay models, and a cut-away chassis shows the inner backbone of a vehicle. The Hall of Fame exhibit provides detailed information on individuals such as engineers and designers and how their work and efforts have made a difference in the history of the Corvette. Various areas include interactive questions and quizzes to increase the visitor's knowledge of Corvette. An actual crash test car and active video demonstrates the importance of wearing seat belts and encourages vehicle safety. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 361871 | Expense |
| Revenue | 0 | Revenue |
| Description | Special Events Programs: 6,891 people participated in the special event programs in 2012. This included educational seminars, panel discussions and presentations from engineers, designers, and other experts in their fields. The special programs include educational driver training as well. This program uses a significant number of volunteers also to assist in running the activities and seminars. This program served 6,891 people in 2012. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 328813 | Expense |
| Revenue | 0 | Revenue |
| Description | Delivery Programs: The Delivery program provides educational tours of the Museum and the Corvette assembly plant, as well as instruction on the features and operation of a Corvette. 1,299 people participated in these programs in 2012. The educational tours of the Museum provide information to these participants on the history of the Corvette, automotive history, careers in the automotive industry, vehicle engineering and design, and vehicle safety. Plant tours provide information on the assembly process, robotics, just-in-time parts delivery and vehicle testing. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2329381 | Expense |
| Revenue | 0 | Revenue |
| Description | Other: Other program services include educational instruction such as the teen driving academy, Vette camp, and traveling trunks and visits to schools. Additional programs include website and magazine outreach, membership services, and attending shows around the country. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 2329381 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 4198607 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 1 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 54 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 40 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 104 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form1098 C Filed | 1 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 17 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Christy Thomas | NamePerson |
| Telephone Number | 2704678821 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 Corvette Dr | AddressLine1 |
| City | Bowling Green | City |
| State | KY | State |
| ZIP Code | 42101 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|---|
| Richard Anderson | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Hal Bellamy | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Harlan Charles | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Johnny Downs | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Dana Forrester | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Leslie Gardner | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Andrew Guinn | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Buzz Marston | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Jack Matukas | |||||||||
| Chairman | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Greg Mauzy | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Ivan Schrodt | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| George Sipprell | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| David Tatman | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Joseph Thomas | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Len Tucker | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Henry Younger | |||||||||
| Director | 0.7 | 0 | X | 0 | 0 | 0 | |||
| Wendell Strode | |||||||||
| Board Secretary and Executive Director | 50 | 0 | X | 248974 | 0 | 22595 | X | X | X |
| Christy Thomas | |||||||||
| Finance & HR Director | 45 | 0 | 124367 | 0 | 6218 | X | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 373341 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 28813 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 679343 | MembershipDues |
| Fundraising Events | 0 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 90240 | GovernmentGrants |
| All Other Contributions | 1090672 | AllOtherContributions |
| Noncash Contributions | 50 | NoncashContributions |
| Total Contributions | 1860255 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Tours and Admissions | 712100 | 714352 | 714352 | 0 | $0 |
| Delivery Program | 611710 | 279715 | 279715 | 0 | $0 |
| Library and Archives Resource Center | 611710 | 265982 | 265982 | 0 | $0 |
| America's Sports Car Publication | 611710 | 16090 | 0 | 16090 | $0 |
| Special Event Programs | 611710 | 308904 | 308904 | 0 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 165129 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 165129 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1750172 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 427188 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $427,188 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 158306 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 57135 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 101171 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 101171 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $101,171 | ExclusionAmount |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 0 | Other |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 0 | CntrbtnsRprtdFundraisingEvents |
| Gross Income Gaming | 5455880 | GrossIncomeGaming |
| Gaming Direct Expenses | 2724782 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2731098 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,731,098 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 3270109 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1861606 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1408503 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,408,503 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8278387 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1568953 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 181219 | UnrelatedBusinessRevenue |
| Exclusion | $4,667,960 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 373341 | Total |
| Program Services | 161797 | ProgramServices |
| Management And General | 136864 | ManagementAndGeneral |
| Fundraising | 74680 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2143015 | Total |
| Program Services | 1545624 | ProgramServices |
| Management And General | 511465 | ManagementAndGeneral |
| Fundraising | 85926 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90972 | Total |
| Program Services | 49124 | ProgramServices |
| Management And General | 41848 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 217636 | Total |
| Program Services | 146269 | ProgramServices |
| Management And General | 71367 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12776 | Total |
| Program Services | 8452 | ProgramServices |
| Management And General | 4324 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40413 | Total |
| Management And General | 40413 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7762 | Total |
| Program Services | 4323 | ProgramServices |
| Management And General | 3439 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93465 | Total |
| Program Services | 93465 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 376064 | Total |
| Program Services | 326708 | ProgramServices |
| Management And General | 48544 | ManagementAndGeneral |
| Fundraising | 812 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59958 | Total |
| Program Services | 59958 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 344870 | Total |
| Program Services | 344870 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 112761 | Total |
| Program Services | 86670 | ProgramServices |
| Management And General | 24491 | ManagementAndGeneral |
| Fundraising | 1600 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108550 | Total |
| Management And General | 108550 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 834585 | Total |
| Program Services | 646779 | ProgramServices |
| Management And General | 187806 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66694 | Total |
| Program Services | 66694 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Special Events | 211791 | 211791 | 0 | 0 |
| Library and Archives | 73454 | 73454 | 0 | 0 |
| Fees and Licenses | 163877 | 6891 | 156986 | 0 |
| Selling expenses | 187184 | 187184 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 245609 | Total |
| Program Services | 178554 | ProgramServices |
| Management And General | 21773 | ManagementAndGeneral |
| Fundraising | 45282 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5764777 | Total |
| Program Services | 4198607 | ProgramServices |
| Management And General | 1357870 | ManagementAndGeneral |
| Fundraising | 208300 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4337715 | BOY |
| EOY | 4009205 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19410 | BOY |
| EOY | 9661 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 449582 | BOY |
| EOY | 432379 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 143010 | BOY |
| EOY | 67821 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 29223407 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 8381083 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19714678 | BOY |
| EOY | 20842324 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3560961 | BOY |
| EOY | 4002710 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 705696 | BOY |
| EOY | 1008082 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28931052 | BOY |
| EOY | 30372182 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 995124 | BOY |
| EOY | 699973 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 183755 | BOY |
| EOY | 392094 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7671757 | BOY |
| EOY | 6816351 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 574472 | BOY |
| EOY | 444210 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9425108 | BOY |
| EOY | 8352628 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16970476 | BOY |
| EOY | 19655103 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2535468 | BOY |
| EOY | 2364451 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19505944 | BOY |
| EOY | 22019554 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28931052 | BOY |
| EOY | 30372182 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 2513610 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 0 | ReconciliationUnrealizedInvest |
| Reconcilation Donated Services | 0 | ReconcilationDonatedServices |
| Reconcilation Invest Expenses | 0 | ReconcilationInvestExpenses |
| Reconcilation Prior Adjustment | 0 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1307818 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1446753 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1197532 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1487349 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1770065 | CurrentTaxYear |
| Total | 7209517 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4074606 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4623364 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4698308 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4903010 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4839062 | CurrentTaxYear |
| Total | 23138350 | Total |
Tax Rev Levied For Org Benefit509 TaxRevLeviedForOrgBenefit509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 77531 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 122896 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 47647 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 87108 | CurrentTaxYearMinus1Year |
| Current Tax Year | 90240 | CurrentTaxYear |
| Total | 425422 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5459955 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6193013 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5943487 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6477467 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6699367 | CurrentTaxYear |
| Total | 30773289 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 30773289 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 159859 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 98520 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 279049 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 226340 | CurrentTaxYearMinus1Year |
| Current Tax Year | 585494 | CurrentTaxYear |
| Total | 1349262 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 47490 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 29727 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 64108 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 104424 | CurrentTaxYearMinus1Year |
| Current Tax Year | 181219 | CurrentTaxYear |
| Total | 426968 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 207349 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 128247 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 343157 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 330764 | CurrentTaxYearMinus1Year |
| Current Tax Year | 766713 | CurrentTaxYear |
| Total | 1776230 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5667304 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6321260 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6286644 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6808231 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7466080 | CurrentTaxYear |
| Total | 32549519 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.94543 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.96092 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.05457 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.03908 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 0 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 6020560 | OtherCostOrOtherBasis |
| Book Value | 6020560 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 17719681 | OtherCostOrOtherBasis |
| Depreciation | 8381083 | Depreciation |
| Book Value | 9338598 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 3203553 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 3203553 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 2221385 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 2221385 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 58228 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 58228 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 20842324 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Accrued Interest Payable | $18,436 |
| Interest Rate Swap Agreements | $425,774 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 444210 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 12921910 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 0 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 4643523 | OtherRevenues |
| Revenue Not Rptd F990 | 4643523 | RevenueNotRptdF990 |
| Revenue Subtotal | 8278387 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 0 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 8278387 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 10408300 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 4643523 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 4643523 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5764777 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 0 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 0 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 5764777 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P03_S00_L01 | 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 statements of financial position. The majority of the automobiles on display and in stoarage 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. |
| SchD_P03_S00_L04 | 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. |
| SchD_P11_S00_L02d | Schedule D, Part XI, Line 2d | $1,861,606 in cost of goods sold was netted against gross sales of inventory. $2,724,782 in direct gaming expenses was netted against gross income from gaming activities. $57,135 in rental expenses was netted against gross rents. |
| SchD_P12_S00_L02d | Schedule D, Part XII, Line 2d | $1,861,606 in cost of goods sold was netted against gross sales of inventory. $2,724,782 in direct gaming expenses was netted against gross income from gaming activities. $57,135 in rental expenses was netted against gross rents. |
Schedule G IRS990ScheduleG
Gaming Information GamingInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | 5455880 | GrossRevenueOtherGaming |
| Cash Prizes Other Gaming | 136000 | CashPrizesOtherGaming |
| Non Cash Prizes Other Gaming | 2428484 | NonCashPrizesOtherGaming |
| Rent Facility Costs Other Gaming | 0 | RentFacilityCostsOtherGaming |
| Other Direct Expenses Other Gaming | 160298 | OtherDirectExpensesOtherGaming |
| Volunteer Labor Other Gaming | 1 | VolunteerLaborOtherGaming |
| Volunteer Labor Prcnt Other Gaming | 0.91 | VolunteerLaborPrcntOtherGaming |
| Gross Revenue Total Gaming | 5455880 | GrossRevenueTotalGaming |
| Cash Prizes Total Gaming | 136000 | CashPrizesTotalGaming |
| Non Cash Prizes Total Gaming | 2428484 | NonCashPrizesTotalGaming |
| Rent Facility Costs Total Gaming | 0 | RentFacilityCostsTotalGaming |
| Other Direct Expenses Total Gaming | 160298 | OtherDirectExpensesTotalGaming |
| Direct Expense Summary Gaming | 2724782 | DirectExpenseSummaryGaming |
| Net Gaming Income Summary | 2731098 | NetGamingIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | KY | StatesWhereGamingConducted |
| Licensed | 1 | Licensed |
| License Suspended Etc | 0 | LicenseSuspendedEtc |
| Gaming With Nonmembers | 1 | GamingWithNonmembers |
| Member Of Other Entity | 0 | MemberOfOtherEntity |
| Percentage Of Gaming Own Facility | 1 | PercentageOfGamingOwnFacility |
| Percentage Of Gaming Othr Facility | 0 | PercentageOfGamingOthrFacility |
| Name Of Gaming Rec Keeper Person | Christy Thomas | NameOfGamingRecKeeperPerson |
Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 Corvette Dr | AddressLine1 |
| City | Bowling Green | City |
| State | KY | State |
| ZIP Code | 42101 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contract With3rd Party For Gam Rev | 0 | ContractWith3rdPartyForGamRev |
| Gaming Manager Name Person | Christy Thomas | GamingManagerNamePerson |
| Gaming Manager Compensation | 124367 | GamingManagerCompensation |
| Gaming Manager Services Provided | Oversees all accounting, finance and human resource functions of the Museum, in addition to assisting with management of all Museum operations. As part of these duties, this person is also responsible for gaming activities, overseeing gaming volunteers, and ensuring compliance with gaming regulations. | GamingManagerServicesProvided |
| Gaming Manager Is Employee | X | GamingManagerIsEmployee |
| Charitable Distrib Required | 0 | CharitableDistribRequired |
| Amount Distributed | 0 | AmountDistributed |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 1 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Wendell Strode | NamePerson |
| Title | Board Secretary and Executive Director | Title |
| Base Compensation Filing Org | 169415 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 38293 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 41266 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 22595 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 271569 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchJ_P01_S00_L01a | Schedule J, Part I, Line 1a | The Executive Director's spouse occasionally travels on business trips to assist, primarily by providing volunteer services at shows. |
| SchJ_P01_S00_L03 | Schedule J, Part I, Line 3 | 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. |
| SchJ_P01_S00_L06 | Schedule J, Part I, Line 6 | The Executive Director receives an annual bonus based on the organization's net earnings exceeding the approved budget. However, this bonus cannot exceed a cap of 25% of his salary. The bonus calculation is verified by the Museum's independent auditors and approved by the compensation committee. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Bond ReferenceBondReferenceCd | Business Name Line2IssuerName/BusinessNameLine2 | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|---|
| County of Edmonson KY Industrial Building | |||||||||
| A | Revenue | 610898669 | 281144AA3 | 2004-02-01 | 5190000 | Refunding and refinancing | 0 | 0 | 0 |
| County of Edmonson KY Industrial Building | |||||||||
| B | Revenue | 610898869 | 2008-08-15 | 7500000 | Construct and equip building | 0 | 0 | 0 | |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Credit EnhancementCreditEnhancement | Other Spent ProceedsOtherSpentProceeds | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 4725000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| B | 1148649 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||||||
| A | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | |||
| PNC Capital Markets | ||||||||||||
| B | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 7 | 0 | 0 |
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | 0 |
| B | 0 |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchK_P04_S00_L02c | Identifier |
| Return Reference | Schedule K, Part IV, Line 2c | ReturnReference |
| Explanation | This was a refinancing issue. All proceeds were used to satisfy the previous debt. There was no arbitrage rebate due. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DDS Engineering | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Owned by Dennis Smith, former board member | Relationship |
| Amount Of Transaction | 88102 | AmountOfTransaction |
| Description Of Transaction | Surveying and engineering services for future Motorsports Park | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | See Part II | MethodOfDeterminingRevenues |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 5 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | See Part II | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 2 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchM_P01_S00_L33 | Identifier |
| Return Reference | Schedule M, Part I, Line 33 | ReturnReference |
| Explanation | Only $50 was 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 were recognized in revenues as noncash contributions. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0B_L11b | 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. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | Conflict of interest forms are completed annually and the full board approves transactions as necessary. |
| F990_P06_S0B_L15 | 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. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | The Museum's governing documents and financial statements are available on www.guidestar.org. These items, along with the Museum's conflict of interest policy are also provided to anyone upon request. Financial information is also shared annually at the Museum's open membership meeting in September of each year. |