Wells Auto Museum

990EZ • Fiscal year 2015 • EIN 01-0382821

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 29, 2016

Organization Profile N/A

PO Box 496Wells, ME 04090

(207) 646-9064

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$373,150

Down $8,027 (-2.1%) from 2014

Net Assets

Down

-$181,371

Down $8,027 (-4.6%) from 2014

Liabilities

Flat

$554,521

Flat from 2014

Revenue And Expenses

Revenue

Down

$2,525

Down $33 (-1.3%) from 2014

Expenses

Down

$10,552

Down $1,268 (-11%) from 2014

Net Income

-$8,027

Up $1,235 (+13%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2015

Assets$373,150

Liabilities$554,521

Net Assets-$181,371

Open 2015 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2015

Revenue$2,525

Expenses$10,552

Net Income-$8,027

Open 2015 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2015 to Dec 31, 2015
Signed: Aug 29, 2016
Return Version: 2015v2.1
Gross Receipts: $2,525

Mission and Program Overview

Mission

To acquire and restore antique automobiles for public display.

Program Services

Description	Grants	Expenses
COLLECTION AND UPKEEP OF ANTIQUE AUTOMOBILES.	$0	$10,552

Compensation and Service Providers

Employees

Name	Title	Full / Part Time	Base	Other	Total
NANCY GOULD CREED	Treasurer	PT	$0	-	-
RICHARD H SPENCER	Clerk	PT	$0	-	-
JONATHAN H GOULD	Director	PT	$0	-	-
GLENN C GOULD III	Director	PT	$0	-	-

Filing and Contact Details

Filer

Filer Name: Wells Auto Museum
EIN: 01-0382821
Phone: 2076469064
Address: PO BOX 496, WELLS, ME 04090

Signing Officer

Name: Kenneth Creed
Title: Executive
Phone: 2076469064
Signed: 2016-08-29

Preparer

Firm: Otis Atwell
Address: 324 GANNETT DRIVE, SOUTH PORTLAND, ME 04106
Preparer: Thomas Gioia
Phone: 2077801100

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 14

“Description: depreciation. Amount: 5,873. Description: other expenses. Amount: 1,511. Total to form 990-ez, line 14: 7,384.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: telephone and cable. Amount: 1,231. Description: miscellaneous. Amount: 1,862. Description: advertising. Amount: 75. Total to form 990-ez, line 16: 3,168.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: donated equiipment. Beg. Of year amount: 93,049. End of year amount: 93,049.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 110,000. End of year amount: 110,000. Description: loans from related parties. Beg. Of year amount: 169,521. End of year amount: 169,521. Description: note payable. Beg. Of year amount: 275,000. End of year amount: 275,000.”

Raw XML Appendix185 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OtherChangesInNetAssetsAmt	0	0
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
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IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	TO ACQUIRE AND RESTORE ANTIQUE AUTOMOBILES FOR PUBLIC DISPLAY.
IRS990EZ/ProgramServiceRevenueAmt	0	2525
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	COLLECTION AND UPKEEP OF ANTIQUE AUTOMOBILES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
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IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TaxImposedOnOrganizationMgrAmt	0	0
IRS990EZ/TaxImposedUnderIRC4911Amt	0	0
IRS990EZ/TaxImposedUnderIRC4912Amt	0	0
IRS990EZ/TaxImposedUnderIRC4955Amt	0	0
IRS990EZ/TaxReimbursedByOrganizationAmt	0	0
IRS990EZ/TotalExpensesAmt	0	10552
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IRS990EZ/TotalRevenueAmt	0	2525
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	0
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	188
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	120
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	220
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	294
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	822
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	2525
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IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	65916
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	2525
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	0	275000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	1	129521
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	2	40000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	0	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	1	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	2	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt	0	EST OF GLENN GOULD JR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	0	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	1	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	2	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	0	TO ACQUIRE PROPERTY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	1	OPERATING COSTS
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd	0	X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm	1	KENNETH CREED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd	0	1
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION: DEPRECIATION. AMOUNT: 5,873. DESCRIPTION: OTHER EXPENSES. AMOUNT: 1,511. TOTAL TO FORM 990-EZ, LINE 14: 7,384.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION: TELEPHONE AND CABLE. AMOUNT: 1,231. DESCRIPTION: MISCELLANEOUS. AMOUNT: 1,862. DESCRIPTION: ADVERTISING. AMOUNT: 75. TOTAL TO FORM 990-EZ, LINE 16: 3,168.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	DESCRIPTION: DONATED EQUIIPMENT. BEG. OF YEAR AMOUNT: 93,049. END OF YEAR AMOUNT: 93,049.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 110,000. END OF YEAR AMOUNT: 110,000. DESCRIPTION: LOANS FROM RELATED PARTIES. BEG. OF YEAR AMOUNT: 169,521. END OF YEAR AMOUNT: 169,521. DESCRIPTION: NOTE PAYABLE. BEG. OF YEAR AMOUNT: 275,000. END OF YEAR AMOUNT: 275,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS	0	2016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	KENNETH CREED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	EXECUTIVE
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2076469064
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2016-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	WELLS AUTO MUSEUM
ReturnHeader/Filer/BusinessNameControlTxt	0	WELL
ReturnHeader/Filer/EIN	0	010382821
ReturnHeader/Filer/PhoneNum	0	2076469064
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 496
ReturnHeader/Filer/USAddress/CityNm	0	WELLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	ME
ReturnHeader/Filer/USAddress/ZIPCd	0	04090
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	203690847
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	OTIS ATWELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	324 GANNETT DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	SOUTH PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	04106
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2077801100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	THOMAS GIOIA
ReturnHeader/ReturnTs	0	2016-08-29T14:02:41-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2015-01-01
ReturnHeader/TaxPeriodEndDt	0	2015-12-31
ReturnHeader/TaxYr	0	2015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $373,150
Liabilities: $554,521
Net assets: -$181,371
Revenue: $2,525
Expenses: $10,552
Net income: -$8,027

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2015Detailed filing. Detailed filing data is available for this year.	$3.73	$5.55	$1.81	$0.03	$0.11	$0.08
2014Detailed filing. Detailed filing data is available for this year.	$3.81	$5.55	$1.73	$0.03	$0.12	$0.09
2013Detailed filing. Detailed filing data is available for this year.	$3.85	$5.50	$1.64	$0.03	$0.12	$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$3.94	$5.50	$1.55	$0.24	$0.42	$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.02	$5.39	$1.38	$0.34	$0.39	$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.07	$5.39	$1.32	$0.35	$0.46	$0.11