Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: Event Parking

  total $402,658 · related or exempt $0 · unrelated business $402,658 · excluded $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $402,658

Functional expenses

Part IX, the statement of functional expenses.

• 11c · Fees: accounting

  total $4,900 · program services $0 · management and general $4,900 · fundraising $0

• 11g · Fees: other

  total $16,679 · program services $16,679 · management and general $0 · fundraising $0

• 13 · Office expenses

  total $2,072 · program services $2,072 · management and general $0 · fundraising $0

• 14 · Information technology

  total $261 · program services $261 · management and general $0 · fundraising $0

• 16 · Occupancy

  total $32,403 · program services $32,403 · management and general $0 · fundraising $0

• 20 · Interest

  total $69,833 · program services $69,833 · management and general $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $142,499 · program services $142,499 · management and general $0 · fundraising $0

• 24a · Other expenses: Bank/Finance Fees

  total $16,481 · program services $16,481 · management and general $0 · fundraising $0

• 24b · Other expenses: Supplies

  total $1,768 · program services $1,768 · management and general $0 · fundraising $0

• 24c · Other expenses: Repairs/Maintenance

  total $17,849 · program services $17,849 · management and general $0 · fundraising $0

• 24d · Other expenses: Shared Services

  total $106,544 · program services $106,544 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $86,628 · end of year $159,762

• 4 · Accounts receivable

  end of year $12,090

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

  $1,867,571

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

  $1,266,400

• 10c · Land, buildings and equipment, net

  beginning of year $743,670 · end of year $601,171

• 15 · Other assets

  beginning of year $879,710 · end of year $868,254

• 17 · Accounts payable and accrued expenses

  beginning of year $34 · end of year $375

• 23 · Secured mortgages and notes payable

  beginning of year $517,640 · end of year $505,491

• 25 · Other liabilities

  beginning of year $2,049,304 · end of year $2,001,014

• 27 · Net assets without donor restrictions

  beginning of year -$856,970 · end of year -$865,603

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 3

Compensation and benefits are paid by LeMay America's Car Museum. LeMay has an established executive compensation policy and procedures.