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Nonprofiteer
← RE OLDS MUSEUM ASSOC INC

Form 990 for tax year 2024

Filed by RE OLDS MUSEUM ASSOC INC.

Totals

Total revenue
$360,911
Total expenses
$283,872
Contributions and grants received
$176,252
Grants paid
$0
Program service revenue
$62,271
Investment income
$33,474
Other revenue
$88,914
Total assets, end of year
$691,455
Total liabilities, end of year
$4,341
Net assets or fund balances, end of year
$687,114
Program services expenses (Part IX)
$175,016
Management and general expenses
$92,604
Fundraising expenses
$16,252
Program service expenses (Part III)
$175,016

Program services were 61.7% 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

    $8,390

  • 1c · Fundraising events

    $15,520

  • 1e · Government grants (contributions)

    $57,000

  • 1f · All other contributions, gifts and grants

    $95,342

  • 2a · Program service revenue: ADMISSIONS

    total $62,271 · related or exempt $62,271

  • 3 · Investment income

    total $7,474 · excluded $7,474

  • 6a · Gross rents

    real property $26,048

  • 6b · Less rental expenses

    real property $6,017

  • 6c · Rental income or loss

    real property $20,031

  • 6d · Net rental income or loss

    total $20,031 · related or exempt $20,031

  • 7a · Gross sales of assets other than inventory

    other assets $26,000

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $26,000

  • 7d · Net gain or loss

    total $26,000 · excluded $26,000

  • 8a · Fundraising events: gross income

    $10,000

  • 8a · Fundraising events: contributions included on line 1c

    $15,520

  • 8b · Fundraising events: direct expenses

    $9,865

  • 8c · Net income from fundraising events

    total $135 · excluded $135

  • 9a · Gaming: gross income

    $46,480

  • 9b · Gaming: direct expenses

    $1,958

  • 9c · Net income from gaming

    total $44,522 · excluded $44,522

  • 10a · Gross sales of inventory

    $20,684

  • 10b · Cost of goods sold

    $5,875

  • 10c · Net income from sales of inventory

    total $14,809 · related or exempt $14,809

  • 11a · Other revenue: PARKING FEES

    total $9,185 · related or exempt $9,185

  • 11b · Other revenue: MISCELLANEOUS REVENUES

    total $232 · related or exempt $232

  • 11e · Other revenue, total

    $9,417

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $62,308 · management and general $49,846 · fundraising $12,462

  • 7 · Other salaries and wages

    total $70,632 · program services $70,632

  • 9 · Other employee benefits

    total $4,422 · program services $4,422

  • 10 · Payroll taxes

    total $12,352 · program services $6,563 · management and general $4,631 · fundraising $1,158

  • 11c · Fees: accounting

    total $24,196 · management and general $24,196

  • 12 · Advertising and promotion

    total $2,935 · program services $2,935

  • 13 · Office expenses

    total $26,321 · program services $21,057 · management and general $2,632 · fundraising $2,632

  • 14 · Information technology

    total $3,630 · program services $2,023 · management and general $1,607

  • 16 · Occupancy

    total $34,920 · program services $34,920

  • 22 · Depreciation, depletion and amortization

    total $24,229 · program services $14,537 · management and general $9,692

  • 23 · Insurance

    total $1,531 · program services $1,531

  • 24a · Other expenses: ARCHIVE/EXHIBIT EXPENSE

    total $15,896 · program services $15,896

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $500 · program services $500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,569 · end of year $1,569

  • 2 · Savings and temporary cash investments

    beginning of year $254,214 · end of year $320,971

  • 4 · Accounts receivable

    beginning of year $1,350 · end of year $485

  • 8 · Inventories for sale or use

    beginning of year $9,000 · end of year $9,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,755 · end of year $5,097

  • 10a · Land, buildings and equipment: cost or other basis

    $645,906

  • 10b · Land, buildings and equipment: accumulated depreciation

    $499,370

  • 10c · Land, buildings and equipment, net

    beginning of year $140,281 · end of year $146,536

  • 12 · Investments: other securities

    beginning of year $205,973 · end of year $207,797

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,747 · end of year $4,341

  • 19 · Deferred revenue

    beginning of year $2,320 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $610,075 · end of year $687,114

Mission and programs · 2024

Mission

TO COLLECT, PRESERVE, STUDY AND EXHIBIT TO THE PUBLIC THOSE OBJECTS THAT WILL SERVE TO ILLUSTRATE THE PART LANSING PLAYED IN THE DEVELOPMENT OF TRANSPORTATION, WITH SPECIAL EMPHASIS ON THE AUTOMOBILE AND ITS EFFECT ON THE COMMUNITY AND ITS PEOPLE.

  • MUSEUM OPERATIONS: DAY TO DAY OPERATIONS OF THE MUSEUM FOR PUBLIC INTEREST AND EDUCATION. THE MUSEUM WELCOMED OVER 12,000 VISITORS IN 2024. IT IS OPEN TO THE PUBLIC FROM TUESDAY TO SATURDAY FROM 10 AM TO 5 PM AND SUNDAY 12 PM TO 5 PM. THE MUSEUM PUT ON THE R.E. OLDS TRANSPORTATION MUSEUM LECTURE SERIES AND SPECIAL FAMILY PROGRAMS SUCH AS OUR SPRING BREAK SCAVENGER HUNT, HOOD'S UP DAY, REO'S 120TH BIRTHDAY PARTY, SKELETON INVASION, AND MORE.

    Expenses $155,685 · Revenue $106,528

  • EXHIBIT AND COLLECTIONS: DEVELOPMENT, PRESENTATION, AND MANAGEMENT OF EXHIBITS OF THE MUSEUM'S COLLECTION FOR PUBLIC INTEREST AND EDUCATION. IN 2024, THE MUSEUM DEVELOPED A NEW CURVED DASH OLDSMOBILE EXHIBIT, CONTINUED WORK ON THE PRESERVATION OF ARTIFACTS AND VEHICLES, EXPANDED ITS COLLECTION WITH THE ADDITION OF A 1947 REO TRUCK, AND STARTED TO USE A PUBLIC-FACING PROGRAM TO CATALOG ITS ARCHIVAL HOLDINGS.

    Expenses $19,331

As filed on the 2024 return.

Listed in Part VII

  • SARA SCHULTZ

    EXECUTIVE DIRECTOR

    Total calculated
    $62,308
    From this org
    $62,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • RANDY THAYER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LORI LANSPEARY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GARY DOTY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DEBBIE STEPHENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DICK ROTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • PETER STEPHENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BRIAN BERRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SCOTT LYON

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • KEN GILLESPIE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL RODRIGUEZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • HENRY GREEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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 October 2025
IRS schema version
2024v5.2
Source object
202543089349302209

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