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← AUDRAIN AUTOMOBILE MUSEUM INC

Form 990 for tax year 2024

Filed by AUDRAIN AUTOMOBILE MUSEUM INC.

Totals

Total revenue
$2,925,059
Total expenses
$2,803,234
Contributions and grants received
$3,796,071
Grants paid
$105,000
Program service revenue
$267,491
Investment income
$155
Other revenue
-$1,138,658
Total assets, end of year
$5,432,151
Total liabilities, end of year
$5,372,216
Net assets or fund balances, end of year
$59,935
Program services expenses (Part IX)
$838,581
Management and general expenses
$948,035
Fundraising expenses
$1,016,618
Program service expenses (Part III)
$838,581

Program services were 29.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • NICHOLAS S SCHORSCH

    DIRECTOR, PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • JOHN T BOXER

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • WILLIAM M KAHANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHELLEY D SCHORSCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID DE MUZIO

    EXECUTIVE DIRECTOR

    Total calculated
    $208,603
    From this org
    $98,605
    From related orgs
    $109,998
    Other
    $0
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $98,605 + $109,998 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $98,605 + $109,998 related

  • EDWARD M WEIL JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • NICHOLAS S SCHORSCH JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • M BENJAMIN MERCER

    TREASURER

    Total calculated
    $0
    Hours/week
    5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • DR MARTIN LUTHER KING JR COMMUNITY CENTER

    $45,000

    DONATION TO HELP SUPPORT CENTRAL SERVICES PROVIDED FOR AT-RISK INDIVIDUALS, FAMILIES, AND SENIORS.

  • EDWARD KING HOUSE

    $30,000

    DONATION TO SUPPORT ADULT LEARNING, INDEPENDENT LIVING AND AN ENRICHED QUALITY OF LIFE.

  • BOYS AND GIRLS CLUB OF NEWPORT COUNTY

    $30,000

    DONATION TO HELP SUPPORT THE ORGANIZATION AND CLUBHOUSE. THE CLUBHOUSE HAS BEEN THE PLACE WHERE NUMEROUS KIDS AND TEENS LEARNED HOW TO SWIM, RECEIVED MUCH NEEDED HOMEWORK ASSISTANCE, PLAYED BASKETBALL IN THE FLO HARVEY BASKETBALL LEAGUE AND MAKE LIFE-LONG FRIENDSHIPS.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AUDRAIN CONCOURS FOUNDATION LLC

    TO PLAN AND PRODUCE AUDRAIN NEWPORT CONCOURS & MOTORWEEK · DE

    Directly controlled by AUDRAIN AUTOMOBILE MUSEUM INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349328712

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