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Nonprofiteer
← THE HARRAH AUTOMOBILE FOUNDATION

Form 990 for tax year 2022

Filed by THE HARRAH AUTOMOBILE FOUNDATION.

Totals

Total revenue
$5,932,095
Total expenses
$1,955,026
Contributions and grants received
$4,319,562
Grants paid
$0
Program service revenue
$962,859
Investment income
$436,286
Other revenue
$213,388
Total assets, end of year
$37,643,200
Total liabilities, end of year
$382,940
Net assets or fund balances, end of year
$37,260,260
Program services expenses (Part IX)
$1,339,130
Management and general expenses
$602,256
Fundraising expenses
$13,640
Program service expenses (Part III)
$1,339,130

Program services were 68.5% 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

    $93,502

  • 1f · All other contributions, gifts and grants

    $4,226,060

  • 1g · Noncash contributions included above

    $1,700,000

  • 2a · Program service revenue: MUSEUM ADMISSIONS

    total $731,921 · related or exempt $731,921

  • 2b · Program service revenue: SPECIAL EVENTS

    total $225,016 · related or exempt $225,016

  • 2c · Program service revenue: RESEARCH REVENUE

    total $5,922 · related or exempt $5,922

  • 3 · Investment income

    total $42,431 · excluded $42,431

  • 6a · Gross rents

    real property $41,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $41,000

  • 6d · Net rental income or loss

    total $41,000 · excluded $41,000

  • 7a · Gross sales of assets other than inventory

    other assets $830,000

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

    other assets $436,145

  • 7c · Gain or loss

    other assets $393,855

  • 7d · Net gain or loss

    total $393,855 · excluded $393,855

  • 8a · Fundraising events: gross income

    $18,341

  • 8b · Fundraising events: direct expenses

    $13,523

  • 8c · Net income from fundraising events

    total $4,818 · excluded $4,818

  • 10a · Gross sales of inventory

    $243,633

  • 10b · Cost of goods sold

    $97,461

  • 10c · Net income from sales of inventory

    total $146,172 · related or exempt $146,172

  • 11a · Other revenue: MISC

    total $21,398 · related or exempt $21,398

  • 11e · Other revenue, total

    $21,398

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $97,115 · management and general $97,115

  • 7 · Other salaries and wages

    total $573,857 · program services $366,696 · management and general $206,572 · fundraising $589

  • 8 · Pension plan contributions

    total $17,372 · program services $6,912 · management and general $10,431 · fundraising $29

  • 9 · Other employee benefits

    total $90,260 · program services $35,750 · management and general $54,358 · fundraising $152

  • 10 · Payroll taxes

    total $64,874 · program services $31,536 · management and general $33,288 · fundraising $50

  • 11c · Fees: accounting

    total $21,005 · management and general $21,005

  • 12 · Advertising and promotion

    total $138,973 · program services $138,973

  • 16 · Occupancy

    total $148,971 · program services $135,152 · management and general $12,932 · fundraising $887

  • 17 · Travel

    total $11,499 · program services $6,334 · management and general $5,165

  • 22 · Depreciation, depletion and amortization

    total $247,834 · program services $236,681 · management and general $8,030 · fundraising $3,123

  • 23 · Insurance

    total $159,342 · program services $152,315 · management and general $5,019 · fundraising $2,008

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $97,275 · program services $82,284 · management and general $14,009 · fundraising $982

  • 24b · Other expenses: CONTRACT LABOR

    total $86,775 · management and general $86,775

  • 24c · Other expenses: DISPLAYS AND EXHIBITS

    total $58,506 · program services $58,506

  • 24d · Other expenses: CREDIT CARD FEES

    total $25,944 · program services $25,944

  • 24e · All other expenses

    total $115,424 · program services $62,047 · management and general $47,557 · fundraising $5,820

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $494,145 · end of year $288,605

  • 2 · Savings and temporary cash investments

    end of year $837,794

  • 4 · Accounts receivable

    beginning of year $10,330 · end of year $168

  • 8 · Inventories for sale or use

    beginning of year $28,139 · end of year $28,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,874 · end of year $4,873

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

    $14,027,604

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

    $2,171,938

  • 10c · Land, buildings and equipment, net

    beginning of year $9,496,548 · end of year $11,855,666

  • 11 · Investments: publicly traded securities

    beginning of year $1,551,496 · end of year $1,286,367

  • 15 · Other assets

    beginning of year $22,077,855 · end of year $23,341,710

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,327 · end of year $379,382

  • 19 · Deferred revenue

    beginning of year $27,239 · end of year $3,558

  • 27 · Net assets without donor restrictions

    beginning of year $22,934,671 · end of year $26,617,110

  • 28 · Net assets with donor restrictions

    beginning of year $10,643,150 · end of year $10,643,150

Mission and programs · 2022

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 $1,135,069 · Revenue $759,241

  • 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.

    Expenses $182,414 · Revenue $146,172

  • THE MUSEUM OFFERS SPECIAL EVENTS TO THE PUBLIC AND MEMBERS AND IS AVAILABLE FOR BANQUETS AND MEETINGS FOR GROUPS.

    Expenses $21,647 · Revenue $225,016

As filed on the 2022 return.

Listed in Part VII

  • Ranson Webster

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Paul Georgeson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Bill Ramsey

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Janet Chubb

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Ned Bacon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brian Colodny

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Katrina Loftin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jim Rogers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Phil Satre

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bj Sullivan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Adam Webster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Allen Witt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Philip MacDougall

    PRESIDENT & EXECUTIVE DIRECTOR

    Total calculated
    $97,115
    From this org
    $97,115
    From related orgs
    $0
    Other
    $0
    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
2022
Filed
17 October 2023
IRS schema version
2022v5.0
Source object
202322969349300887

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