Civic Intelligence

Studebaker National Museum Inc.

990 • Fiscal year 2022 • EIN 35-1555535

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

201 South Chapin StreetSouth Bend, IN 46601

(574) 235-9714

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.08x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.15x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

39th percentile

1.6%

Higher net margin than 39% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

70th percentile

$103,414

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

51st percentile

1.6%

Faster asset growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

9.7%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,473,776

Up $39,172 (+1.6%) from 2021

Net Assets

Up

$2,268,310

Up $16,675 (+0.7%) from 2021

Liabilities

Up

$205,466

Up $22,497 (+12%) from 2021

Revenue

Up

$1,347,021

Up $118,720 (+9.7%) from 2021

Expenses

Up

$1,325,370

Up $164,875 (+14%) from 2021

Net Income

Down

$21,651

Down $46,155 (-68%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,164,715Liabilities 2012: $78,029Net Assets 2012: $2,086,6862012Assets 2013: $2,141,536Liabilities 2013: $103,976Net Assets 2013: $2,037,5602013Assets 2014: $2,222,422Liabilities 2014: $106,188Net Assets 2014: $2,116,2342014Assets 2015: $2,182,008Liabilities 2015: $136,923Net Assets 2015: $2,045,0852015Assets 2016: $2,152,599Liabilities 2016: $94,120Net Assets 2016: $2,058,4792016Assets 2017: $2,144,091Liabilities 2017: $117,067Net Assets 2017: $2,027,0242017Assets 2018: $2,090,347Liabilities 2018: $120,684Net Assets 2018: $1,969,6632018Assets 2019: $2,189,683Liabilities 2019: $122,800Net Assets 2019: $2,066,8832019Assets 2020: $2,299,170Liabilities 2020: $95,623Net Assets 2020: $2,203,5472020Assets 2021: $2,434,604Liabilities 2021: $182,969Net Assets 2021: $2,251,6352021Assets 2022: $2,473,776Liabilities 2022: $205,466Net Assets 2022: $2,268,3102022Assets 2023: $2,784,782Liabilities 2023: $165,083Net Assets 2023: $2,619,6992023Assets 2024: $2,803,428Liabilities 2024: $171,469Net Assets 2024: $2,631,9592024

Highlighted filing

2022

Assets$2,473,776
Liabilities$205,466
Net Assets$2,268,310

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $907,1392012Revenue 2013: $937,935Expenses 2013: $987,061Net Income 2013: -$49,1262013Revenue 2014: $1,117,955Expenses 2014: $1,039,281Net Income 2014: $78,6742014Revenue 2015: $1,197,772Expenses 2015: $1,268,921Net Income 2015: -$71,1492015Revenue 2016: $972,078Expenses 2016: $960,222Net Income 2016: $11,8562016Revenue 2017: $996,631Expenses 2017: $1,030,069Net Income 2017: -$33,4382017Revenue 2018: $961,512Expenses 2018: $1,016,754Net Income 2018: -$55,2422018Revenue 2019: $1,213,303Expenses 2019: $1,120,736Net Income 2019: $92,5672019Revenue 2020: $1,048,114Expenses 2020: $920,253Net Income 2020: $127,8612020Revenue 2021: $1,228,301Expenses 2021: $1,160,495Net Income 2021: $67,8062021Revenue 2022: $1,347,021Expenses 2022: $1,325,370Net Income 2022: $21,6512022Revenue 2023: $2,085,277Expenses 2023: $1,750,924Net Income 2023: $334,3532023Revenue 2024: $1,359,237Expenses 2024: $1,358,502Net Income 2024: $7352024

Highlighted filing

2022

Revenue$1,347,021
Expenses$1,325,370
Net Income$21,651
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,648,687
Mission and Program Overview

Mission

To operate a historical museum providing housing, display and restoration facilities for a collection of historical vehicles, archives and various artifacts related to the Studebaker Automobile Corporation and the city of South Bend, Indiana.

To be a center for the interpretation of history, design, and innovation that connects and inspires the community and enthusiasts around the world. This is accomplished through programming, active collecting, and the display of vehicles, archival materials, and artifacts that showcase the local and global influence of studebaker and related industrial innovators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,177,567$1,151,502▼ $26,065
Savings and Temporary Cash Investments$1,055,633$1,125,717▲ $70,084
Inventories for Sale or Use$57,484$68,155▲ $10,671
Accounts Receivable$28,519$23,785▼ $4,734
Prepaid Expenses and Deferred Charges$15,512$13,937▼ $1,575
Total Assets$2,434,604$2,473,776▲ $39,172
Other Assets Total$99,889$90,680▼ $9,209
Liabilities
Accounts Payable and Accrued Expenses$174,719$141,583▼ $33,136
Other Liabilities-$44,337-
Deferred Revenue$8,250$19,546▲ $11,296
Total Liabilities$182,969$205,466▲ $22,497
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,084,066$2,027,391▼ $56,675
Net Assets With Donor Restrictions$167,569$240,919▲ $73,350
Total Net Assets Fund Balance$2,251,635$2,268,310▲ $16,675
Total Liabilities and Net Assets / Fund Balance$2,434,604$2,473,776▲ $39,172

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$965,799$609,623$1,575,422
Equipment$69,698$1,153,017$1,222,715
Leasehold Improvements$109,005$141,525$250,530
Land$7,000-$7,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$921,202$8,500▲ $164,435-$1,088,937
2020$689,761$85,000▲ $150,290-$921,202
2019$529,510$29,253▲ $132,319-$689,761
2018$557,764-▼ $28,039-$529,510
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick SlebonickExecutive DiFT$100,402$3,012$103,414

Board Members and Trustees

NameTitle
Leo PriemerPresident
Mark McdonnellPresident Em
Michael KendzickyPresident Em
Bob HenningBoard Member
Brad EmbertonBoard Member
Charlie HayesBoard Member
Cynthia MillerBoard Member
Dave BarryBoard Member
Donald JonesBoard Member
Edward LevyBoard Member
Elizabeth LoringBoard Member
Greg MahoneyBoard Member
Jan FyeBoard Member
Jim MartindaleBoard Member
John StratigosBoard Member
Mark BurrellBoard Member
Mark MinneBoard Member
Michael WitousBoard Member
Nick AnglemeyerBoard Member
Pat FlynnBoard Member
Richard DeahlBoard Member
Ronald W Whiteford IiBoard Member
Sam CentellasBoard Member
Sarah ShoemakerBoard Member
Scott HerczegBoard Member
Steve HainesBoard Member
Steve NeeserBoard Member
Thomas BishopBoard Member
Walter BotichBoard Member
Dan SmogorLife Trustee
Dave FischgrundLife Trustee
Deborah CafieroLife Trustee
John FarrellLife Trustee
Max GretencordLife Trustee
Nyal WeaverLife Trustee
Richard QuinnLife Trustee
Ron DewinterLife Trustee
Stuart ChapmanLife Trustee
William Panzica1st Vice Pre
Vivian Lavine2nd Vice Pre
Thomas FelgerSecretary
Patrick RuszkowskiSnm Fdn. Pre
Shane StopczynskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$564,277
Program Service Revenue
$234,945
Investment Income
$4,996
Other Revenue
$542,803
All Other Contributions
$529,649
Change in Net Assets
$21,651

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,347,021
Total Revenue per Audited Statements
$1,347,021
Total Revenue per Form 990
$1,347,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$782,878
Salaries, Compensation, and Employee Benefits$542,492
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$108,745$263,862-$372,607
All Other Expenses$29,689$73,732-$103,421
Current Officers, Directors, Trustees, and Key Employees-$100,402-$100,402
Other Expenses$81,409$9,833-$81,409
Depreciation Depletion$77,600--$77,600
Payroll Taxes$8,689$36,091-$44,780
Insurance$27,656$9,609-$37,265
Travel$33,016--$33,016
Advertising$31,485--$31,485
Other Employee Benefits-$24,703-$24,703
Occupancy$22,464--$22,464
Fees for Services Accounting-$19,650-$19,650
Office Expenses-$11,950-$11,950
Fees for Services Other-$3,012-$3,012
Interest-$1,027-$1,027
Total Functional Expenses$673,103$652,267$0$1,325,370

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,325,370
Total Expenses per Audited Statements$1,325,370
Total Expenses per Form 990$1,325,370
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$525,711
Fundraising Direct Expenses$160,716
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hall of Champio$258,375$258,375$52,795$205,580
Other Special E$189,586$189,586$64,591$124,995
Total Events$525,711$525,711$160,716$364,995
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Payable$44,337
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The museum has several classes of members, all of whom may vote upon matters submitted to the board of trustees.

Form 990, Page 6, Part VI, Line 7A

The members of the board of trustees nominate and elect any new members to the board of trustees when a board member term expires.

Form 990, Page 6, Part VI, Line 11B

A copy of the museum's income tax return form 990 is provided to the board of trustees before it is signed and filed by the board treasurer.

Form 990, Page 6, Part VI, Line 12C

All officers and board of trustees are required to fill out and sign a conflict of interest disclosure statement.

Form 990, Page 6, Part VI, Line 15A

The executive committee has an annual review to evaluate the organization's executive compensation package policy and is intended to ensure that the compensation program is within a reasonable range of comparable positions within similar organizations in a competitive market.

Form 990, Page 6, Part VI, Line 15B

A similar compensation review to the executive director is done for all other officers and key employees of the museum.

Form 990, Page 6, Part VI, Line 19

The museum makes all governing documents, conflict of interest policy and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Studebaker National Museum Inc
EIN
35-1555535
Phone
5742359714
Address
201 SOUTH CHAPIN STREET, SOUTH BEND, IN 46601

Signing Officer

Name
Shane Stopczynski
Title
Treasurer
Phone
5742359714
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shane Stopczynski
Formed
1982
Legal Domicile
In
Voting Board Members
31
Independent Board Members
31
Employees
24
Volunteers
37

Preparer

Firm
Aranowski & Company
Address
212 E LASALLE AVE STE 220, SOUTH BEND, IN 46617-3562
Preparer
David P Aranowski CPA
Phone
5742894821
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To be a center for the interpretation of history, design, and innovation that connects and inspires the community and enthusiasts around the world. This is accomplished through programming, active collecting, and the display of vehicles, archival materials, and artifacts that showcase the local and global influence of studebaker and related industrial innovators.

Form 990, Page 2, Part III, Line 4A

To collect, preserve and interpret a collection of vehicles, archives, and artifacts that tell the story of the studebaker corporation and industrial history of the south bend region. In 2022, the museum collection consists of 135 historic vehicles, which include eight vehicles designated as national treasures. The collection also includes more than 6,000 objects, 70 tons of studebaker corporate archival material, and 150 hands-on educational objects. Our facilities are comprised of more than 35,000 square feet of exhibition space and 10,000 square feet of storage space. Staff members curate new permanent collection displays, temporary exhibitions, and educational programming which provide context and relevance for our guests. Each year, the museum welcomes more than 40,000 guests through its doors and reaches millions of people through its digital programming. The museum is committed to ensuring equitable access to its world-class collection and programming days through programs like "museums for all", "blue star museums", and a number of free community days per year.

Form 990, Part XI, Line 9

Cafe expenses 0 cost of goods sold 0 special events expenses 0 cafe expenses 0 cost of goods sold 0 special events expenses 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Cafe expenses 0 cost of goods sold 0 special events expenses 0

Schedule D, Page 4, Part XII, Line 2D

Cafe expenses 0 cost of goods sold 0 special events expenses 0

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IRS990/Form990PartVIISectionAGrp/TitleTxt30PRESIDENT EM
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.80$0.17$2.63$1.36$1.36$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$0.17$2.62$2.09$1.75$0.33
2022Detailed filing. Detailed filing data is available for this year.$2.47$0.21$2.27$1.35$1.33$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.43$0.18$2.25$1.23$1.16$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.30$0.10$2.20$1.05$0.92$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.19$0.12$2.07$1.21$1.12$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.09$0.12$1.97$0.96$1.02$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.14$0.12$2.03$1.00$1.03$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.09$2.06$0.97$0.96$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.18$0.14$2.05$1.20$1.27$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.22$0.11$2.12$1.12$1.04$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.14$0.10$2.04$0.94$0.99$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.08$2.09$0.91