Hagerty Education Program

“The form 990 is not provided to the organization's entire governing body before filing; however, the collectors foundation treasurer and the executive director review form 990 before filing.”

“The Board regularly and consistently monitors and enforces compliance through each Board member announcing before any discussion or votes taken on grant proposals with organizations they have some ongoing relationship with. The other members may or may not ask them to recuse themselves from the discussion or decision, or they may use that information to ask more questions about a particular organization.”

“A statement is published on the website addressing availability of documents and the financial documents are published each year.”

“Although the filing organization does not have their own document retention and destruction policy, the filing organization follows the policy of hagertyplus llc.”

“Mckeel hagerty, dan beutler, and clint sly have a business relationship.”

“Effective January 1, 2014, Collectors Foundation consolidated certain aspects of its governance and administration with America's Car Museum, a nonprofit educational organization described in Sections 501(c)(3) and 509(a)(1) of the Internal Revenue Code, while at the same time preserving Collectors Foundation's identity as a distinct organization aligned with America's Car Museum's mission. As such, Collectors Foundation amended its governing documents and filed form 8940 with the Internal Revenue Service to request reclassification as a Type I supporting organization of America's Car Museum as provided for under the Internal Revenue Code Section 509(a)(3)(B)(i). As a part of the above reclassification, Collectors Foundation amended its governing documents. Following is a summary of key issues addressed by the amendment. 1. "Collectors Foundation" changed the organization's name to "Hagerty Education Program." 2. Collectors Foundation designated America's Car Museum as Collector Foundation's supported organization and confined Collectors Foundation's activities exclusively to providing support for America's Car Museum. 3. America's Car Museum appoints a majority of Hagerty Education Program's directors.”

“The Foundation received substantial support from HagertyPlus, LLC. HagertyPlus, LLC is partially owned by a Foundation board member. The Foundation currently receives donated office space and administrative services, including the salary and benefits of the Foundation's executive director, from HagertyPlus, LLC. Additionally, the Foundation receives cash contributions from HagertyPlus, LLC. This relationship provided the Foundation with $150,000 of unrestricted cash contributions and $134,333 of in-kind contributions for the year ended December 31, 2013.”