Form 990 for tax year 2024
Filed by THE HARRAH AUTOMOBILE FOUNDATION.
Totals
- Total revenue
- $2,361,165
- Total expenses
- $2,168,109
- Contributions and grants received
- $1,213,854
- Grants paid
- $0
- Program service revenue
- $982,927
- Investment income
- $95,844
- Other revenue
- $68,540
- Total assets, end of year
- $39,613,264
- Total liabilities, end of year
- $139,626
- Net assets or fund balances, end of year
- $39,473,638
- Program services expenses (Part IX)
- $1,590,519
- Management and general expenses
- $562,788
- Fundraising expenses
- $14,802
- Program service expenses (Part III)
- $1,590,519
Program services were 73.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$129,026
-
1e · Government grants (contributions)
$137,415
-
1f · All other contributions, gifts and grants
$947,413
-
1g · Noncash contributions included above
$87,796
-
2a · Program service revenue: MUSEUM ADMISSIONS
total $712,366 · related or exempt $712,366
-
2b · Program service revenue: SPECIAL EVENTS
total $263,544 · related or exempt $263,544
-
2c · Program service revenue: RESEARCH REVENUE
total $7,017 · related or exempt $7,017
-
3 · Investment income
total $95,844 · excluded $95,844
-
10a · Gross sales of inventory
$340,770
-
10b · Cost of goods sold
$272,230
-
10c · Net income from sales of inventory
total $68,540 · excluded $68,540
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $108,131 · program services $59,706 · management and general $48,318 · fundraising $107
-
7 · Other salaries and wages
total $541,318 · program services $298,897 · management and general $241,888 · fundraising $533
-
8 · Pension plan contributions
total $20,077 · program services $7,371 · management and general $12,670 · fundraising $36
-
9 · Other employee benefits
total $95,482 · program services $35,055 · management and general $60,258 · fundraising $169
-
10 · Payroll taxes
total $65,042 · program services $40,983 · management and general $24,006 · fundraising $53
-
11c · Fees: accounting
total $27,500 · management and general $27,500
-
12 · Advertising and promotion
total $70,341 · program services $70,341
-
16 · Occupancy
total $95,335 · program services $83,647 · management and general $10,585 · fundraising $1,103
-
17 · Travel
total $824 · management and general $824
-
19 · Conferences, conventions and meetings
total $20,272 · program services $20,272
-
22 · Depreciation, depletion and amortization
total $415,845 · program services $397,506 · management and general $13,099 · fundraising $5,240
-
23 · Insurance
total $191,586 · program services $183,137 · management and general $6,034 · fundraising $2,415
-
24a · Other expenses: CONTRACT LABOR
total $118,817 · program services $86,111 · management and general $32,706
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $95,496 · program services $64,502 · management and general $30,373 · fundraising $621
-
24c · Other expenses: SUPPLIES
total $66,258 · program services $43,147 · management and general $22,689 · fundraising $422
-
24d · Other expenses: SPECIAL EVENTS
total $62,294 · program services $58,191 · fundraising $4,103
-
24e · All other expenses
total $173,491 · program services $141,653 · management and general $31,838
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,057 · end of year $21,321
-
2 · Savings and temporary cash investments
beginning of year $572,610 · end of year $434,114
-
4 · Accounts receivable
beginning of year $8,914 · end of year $133,761
-
8 · Inventories for sale or use
beginning of year $120,767 · end of year $107,267
-
9 · Prepaid expenses and deferred charges
beginning of year $4,873 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$16,234,186
-
10b · Land, buildings and equipment: accumulated depreciation
$2,926,605
-
10c · Land, buildings and equipment, net
beginning of year $12,274,932 · end of year $13,307,581
-
11 · Investments: publicly traded securities
beginning of year $1,534,546 · end of year $1,926,195
-
12 · Investments: other securities
beginning of year $1,180,682 · end of year $337,788
-
15 · Other assets
beginning of year $23,431,237 · end of year $23,345,237
-
17 · Accounts payable and accrued expenses
beginning of year $62,106 · end of year $94,719
-
19 · Deferred revenue
beginning of year $16,143 · end of year $44,907
-
27 · Net assets without donor restrictions
beginning of year $27,296,037 · end of year $28,683,151
-
28 · Net assets with donor restrictions
beginning of year $11,786,332 · end of year $10,790,487
Mission and programs · 2024
Mission
TO COLLECT AND PRESERVE THE AUTOMOBILE FOR FUTURE GENERATIONS TO TELL THE STORY OF THE IMPACT OF THE AUTOMOBILE ON AMERICAN SOCIETY.
Activities or mission (Part I)
TO COLLECT AND PRESERVE THE AUTOMOBILE FOR THE FUTURE GENERATIONS TO TELL THE STORY OF THE IMPACT OF THE AUTOMOBIL ON AMERICAN SOCIETY.
-
THE MUSEUM IS OPEN 363 DAYS A YEAR PROVIDING ADMISSION TO 62,950 VISITORS. VISITORS EXPERIENCE THE COLLECTION, SPECIAL EXHIBITS AND EDUCATIONAL PROGRAMS.
Expenses $1,590,519 · Revenue $1,269,073
-
THE GIFT SHOP IS OPEN ALONG WITH THE MUSEUM AND SELLS MERCHANDISE RELATED TO THE AUTOMOBILE AND THE MUSEUM, INCLUDING REFERENCE BOOKS, MODELS, CAR CARE PRODUCTS AND LOGO CLOTHING.
-
THE MUSEUM OFFERS SPECIAL EVENTS TO THE PUBLIC AND MEMBERS AND IS AVAILABLE FOR BANQUETS AND MEETINGS FOR GROUPS.
As filed on the 2024 return.
Listed in Part VII
-
Ranson WebsterRANSON WEBSTER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Paul GeorgesonPAUL GEORGESON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Bill RamseyBILL RAMSEY
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Janet ChubbJANET CHUBB
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Ned BaconNED BACON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Brian ColodnyBRIAN COLODNY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Katrina LoftinKATRINA LOFTIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jim RogersJIM ROGERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Phil SatrePHIL SATRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bj SullivanBJ SULLIVAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Adam WebsterADAM WEBSTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Allen WittALLEN WITT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Philip MacDougallPHILIP MACDOUGALL
PRESIDENT & EXECUTIVE DIRE
- Total calculated
- $112,586
- From this org
- $108,130
- From related orgs
- $0
- Other
- $4,456
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202522249349302272
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