Civic Intelligence

Classic Car Collection

990 • Fiscal year 2021 • EIN 45-2560489

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 10, 2022

PO Box 607Kearney, NE 68848

(308) 237-3178

Siviq Scores

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

Liabilities / Assets

65th percentile

0.17x

Higher debt load relative to assets than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

100th percentile

130%

Higher net margin than 100% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Assets

Down

$8,371

Down $4,750,589 (-100%) from 2020

Net Assets

Down

$6,916

Down $1,335,388 (-99%) from 2020

Liabilities

Down

$1,455

Down $3,415,201 (-100%) from 2020

Revenue

Down

-$1,030,214

Down $1,073,038 (-2506%) from 2020

Expenses

Down

$305,174

Down $73,494 (-19%) from 2020

Net Income

Down

-$1,335,388

Down $999,544 (-298%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $1,125,116Liabilities 2012: $1,426,734Net Assets 2012: -$301,6182012Assets 2013: $4,897,772Liabilities 2013: $1,583,768Net Assets 2013: $3,314,0042013Assets 2014: $4,816,830Liabilities 2014: $1,804,786Net Assets 2014: $3,012,0442014Assets 2015: $5,193,055Liabilities 2015: $2,131,764Net Assets 2015: $3,061,2912015Assets 2016: $5,141,251Liabilities 2016: $2,417,029Net Assets 2016: $2,724,2222016Assets 2017: $5,218,430Liabilities 2017: $2,850,594Net Assets 2017: $2,367,8362017Assets 2018: $5,034,995Liabilities 2018: $3,056,555Net Assets 2018: $1,978,4402018Assets 2019: $4,960,994Liabilities 2019: $3,282,846Net Assets 2019: $1,678,1482019Assets 2020: $4,758,960Liabilities 2020: $3,416,656Net Assets 2020: $1,342,3042020Assets 2021: $8,371Liabilities 2021: $1,455Net Assets 2021: $6,9162021Assets 2022: $113,365Liabilities 2022: $2,206Net Assets 2022: $111,1592022Assets 2023: $231,078Liabilities 2023: $3,850Net Assets 2023: $227,2282023Assets 2024: $243,315Liabilities 2024: $18,925Net Assets 2024: $224,3902024Assets 2025: $442,994Liabilities 2025: $932Net Assets 2025: $442,0622025

Highlighted filing

2021

Assets$8,371
Liabilities$1,455
Net Assets$6,916

Operations Trend

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

$1.0M$500K$0-$500K-$1.0M-$1.5MExpenses 2012: $315,7692012Expenses 2013: $308,2322013Revenue 2014: $86,369Expenses 2014: $388,329Net Income 2014: -$301,9602014Revenue 2015: $566,533Expenses 2015: $517,286Net Income 2015: $49,2472015Revenue 2016: $129,669Expenses 2016: $466,738Net Income 2016: -$337,0692016Revenue 2017: $92,963Expenses 2017: $449,349Net Income 2017: -$356,3862017Revenue 2018: $63,867Expenses 2018: $453,263Net Income 2018: -$389,3962018Revenue 2019: $138,794Expenses 2019: $439,086Net Income 2019: -$300,2922019Revenue 2020: $42,824Expenses 2020: $378,668Net Income 2020: -$335,8442020Revenue 2021: -$1,030,214Expenses 2021: $305,174Net Income 2021: -$1,335,3882021Revenue 2022: $164,095Expenses 2022: $59,852Net Income 2022: $104,2432022Revenue 2023: $254,987Expenses 2023: $138,918Net Income 2023: $116,0692023Revenue 2024: $109,760Expenses 2024: $112,598Net Income 2024: -$2,8382024Revenue 2025: $239,714Expenses 2025: $131,042Net Income 2025: $108,6722025

Highlighted filing

2021

Revenue-$1,030,214
Expenses$305,174
Net Income-$1,335,388
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 10, 2022
Return Version
2020v4.1
Gross Receipts
$3,692,946
Mission and Program Overview

Mission

Celebrate the heritage of the automobile and its place in american culture by continuing to educate and entertain the general public

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$460,659$0▼ $460,659
Cash and Non-Interest-Bearing Accounts$4,933$12,511▲ $7,578
Inventories for Sale or Use$4,537$-4,140▼ $8,677
Other Assets Total$4,288,831$0▼ $4,288,831
Total Assets$4,758,960$8,371▼ $4,750,589
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,395,074$0▼ $3,395,074
Accounts Payable and Accrued Expenses$21,582$1,455▼ $20,127
Total Liabilities$3,416,656$1,455▼ $3,415,201
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,294,660$0▼ $3,294,660
Net Assets Without Donor Restrictions$-1,952,356$6,916▲ $1,959,272
Total Net Assets Fund Balance$1,342,304$6,916▼ $1,335,388
Total Liabilities and Net Assets / Fund Balance$4,758,960$8,371▼ $4,750,589
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad KernickPresident
Al YoungBoard Member
Alan GentzBoard Member
Gene BeerbohmBoard Member
Issac GentzBoard Member
John SahlingBoard Member
Mariah GentzBoard Member
Marv DawesBoard Member
Tom HenningBoard Member
Jeff KnappSecretary
Jackie PurdyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$107,566
Program Service Revenue
$47,944
Investment Income
$-3,563,160
Other Revenue
$2,377,436
All Other Contributions
$107,566
Change in Net Assets
$-1,335,388

Audited Revenue Reconciliation

Revenue per Audited Statements
$-1,030,214
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$-1,030,214
Total Revenue per Form 990
$-1,030,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$305,174
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$190,234$47,559-$237,793
Depreciation Depletion$28,917$7,229-$36,146
Insurance$8,115$2,029-$10,144
Fees for Services Accounting-$10,100-$10,100
All Other Expenses$1,062$469-$1,531
Other Expenses$884$221-$1,105
Office Expenses$800$200-$1,000
Advertising$322--$322
Total Functional Expenses$235,888$69,286$0$305,174

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$305,174
Total Expenses per Audited Statements$305,174
Total Expenses per Form 990$305,174
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The tax return was given to the governing body for approval before filing with the irs.

Form 990, Part VI, Section B, line 15B

Employees undergo a review every year to discuss wages

Form 990, Part VI, Section C, line 19

Organization's documents are available for review upon request at the entity's location.

Filing and Contact Details

Filer

Filer Name
Classic Car Collection
EIN
45-2560489
Phone
3082373178
Address
PO BOX 607, KEARNEY, NE 68848

Signing Officer

Name
Brad Kernick
Title
Director
Phone
3082341964
Signed
2022-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Kernick
Formed
2011
Legal Domicile
Ne
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
0

Preparer

Firm
KSO CPA's PC
Address
404 E 25TH STREET, KEARNEY, NE 68847
Preparer
Mindy M Oman CPA
Phone
3082345565
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization has open tax examinations for years prior to 2016. The organization's policy is to include penalties and interest associated with income taxes as income tax expense and interest expense, respectively. The organization did not incur any penalties or interest on income taxes for the periods being reported on.

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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt09450
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06174
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-16685
IRS990/PYOtherExpensesAmt0306992
IRS990/PYOtherRevenueAmt0114
IRS990/PYProgramServiceRevenueAmt053221
IRS990/PYRevenuesLessExpensesAmt0-335844
IRS990/PYSalariesCompEmpBnftPaidAmt071676
IRS990/PYTotalExpensesAmt0378668
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt042824
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1335388
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0-605701
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0107566
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt06174
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt058852
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt028528
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt014215
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0215335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt050243
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt053335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt084273
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt074204
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt062748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0324803
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0540138
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0157809
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt059509
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0143125
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0102732
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt076963
IRS990ScheduleA/Total509Grp/TotalAmt0540138
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0157809
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt059509
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0143125
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0102732
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt076963
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0540138
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0305174
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0-1030214
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION HAS OPEN TAX EXAMINATIONS FOR YEARS PRIOR TO 2016. THE ORGANIZATION'S POLICY IS TO INCLUDE PENALTIES AND INTEREST ASSOCIATED WITH INCOME TAXES AS INCOME TAX EXPENSE AND INTEREST EXPENSE, RESPECTIVELY. THE ORGANIZATION DID NOT INCUR ANY PENALTIES OR INTEREST ON INCOME TAXES FOR THE PERIODS BEING REPORTED ON.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0305174
IRS990ScheduleD/TotalRevenuePerForm990Amt0-1030214
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-1030214
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0305174
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN WAS GIVEN TO THE GOVERNING BODY FOR APPROVAL BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EMPLOYEES UNDERGO A REVIEW EVERY YEAR TO DISCUSS WAGES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION'S DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE ENTITY'S LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04758960
IRS990/TotalAssetsEOYAmt08371
IRS990/TotalAssetsGrp/BOYAmt04758960
IRS990/TotalAssetsGrp/EOYAmt08371
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0107566
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt069286
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0235888
IRS990/TotalFunctionalExpensesGrp/TotalAmt0305174
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03416656
IRS990/TotalLiabilitiesEOYAmt01455
IRS990/TotalLiabilitiesGrp/BOYAmt03416656
IRS990/TotalLiabilitiesGrp/EOYAmt01455
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01342304
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06916
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0235888
IRS990/TotalProgramServiceRevenueAmt047944
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-1137780
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-1030214
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04758960
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08371
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 607
IRS990/USAddress/CityNm0KEARNEY
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068848
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.CCCKEARNEY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-03-31 18:45:55Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD KERNICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03082341964

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.24$0.13$0.11
2024Detailed filing. Detailed filing data is available for this year.$0.24$0.02$0.22$0.11$0.11$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.25$0.14$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.16$0.06$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$1.03$0.31$1.34
2020Detailed filing. Detailed filing data is available for this year.$4.76$3.42$1.34$0.04$0.38$0.34
2019Detailed filing. Detailed filing data is available for this year.$4.96$3.28$1.68$0.14$0.44$0.30
2018Detailed filing. Detailed filing data is available for this year.$5.03$3.06$1.98$0.06$0.45$0.39
2017Detailed filing. Detailed filing data is available for this year.$5.22$2.85$2.37$0.09$0.45$0.36
2016Detailed filing. Detailed filing data is available for this year.$5.14$2.42$2.72$0.13$0.47$0.34
2015Detailed filing. Detailed filing data is available for this year.$5.19$2.13$3.06$0.57$0.52$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.82$1.80$3.01$0.09$0.39$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.90$1.58$3.31$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$1.43$0.30$0.32
Peer Organizations

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