Civic Intelligence

Nhra Motorsports Museum

990 • Fiscal year 2016 • EIN 94-3021388

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

2035 Financial WayGlendora, CA 91741-4602

(626) 914-4761

Siviq Scores

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

Liabilities / Assets

68th percentile

0.29x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.20x

Higher debt load relative to revenue than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

86th percentile

30%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

99th percentile

$902,035

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 27.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

55th percentile

2.6%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-32%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$2,252,763

Up $56,756 (+2.6%) from 2015

Net Assets

Down

$1,610,577

Down $43,113 (-2.6%) from 2015

Liabilities

Up

$642,186

Up $99,869 (+18%) from 2015

Revenue

Down

$3,287,392

Down $1,577,673 (-32%) from 2015

Expenses

Up

$2,304,320

Up $217,073 (+10%) from 2015

Net Income

Down

$983,072

Down $1,794,746 (-65%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $2,391,885Liabilities 2010: $2,891,611Net Assets 2010: -$499,7262010Assets 2011: $2,502,786Liabilities 2011: $2,884,198Net Assets 2011: -$381,4122011Assets 2012: $3,260,290Liabilities 2012: $3,149,403Net Assets 2012: $110,8872012Assets 2013: $7,007,207Liabilities 2013: $3,319,496Net Assets 2013: $3,687,7112013Assets 2014: $2,089,789Liabilities 2014: $3,209,891Net Assets 2014: -$1,120,1022014Assets 2015: $2,196,007Liabilities 2015: $542,317Net Assets 2015: $1,653,6902015Assets 2016: $2,252,763Liabilities 2016: $642,186Net Assets 2016: $1,610,5772016Assets 2017: $2,252,403Liabilities 2017: $308,410Net Assets 2017: $1,943,9932017Assets 2018: $2,198,749Liabilities 2018: $183,573Net Assets 2018: $2,015,1762018Assets 2019: $2,295,820Liabilities 2019: $186,551Net Assets 2019: $2,109,2692019Assets 2020: $2,418,589Liabilities 2020: $499,893Net Assets 2020: $1,918,6962020Assets 2021: $2,195,099Liabilities 2021: $254,931Net Assets 2021: $1,940,1682021Assets 2022: $2,389,172Liabilities 2022: $304,304Net Assets 2022: $2,084,8682022Assets 2023: $2,585,770Liabilities 2023: $430,215Net Assets 2023: $2,155,5552023Assets 2024: $2,937,286Liabilities 2024: $512,440Net Assets 2024: $2,424,8462024

Highlighted filing

2016

Assets$2,252,763
Liabilities$642,186
Net Assets$1,610,577

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,590,5322010Expenses 2011: $1,626,4622011Expenses 2012: $1,588,0752012Revenue 2013: $5,449,929Expenses 2013: $1,873,548Net Income 2013: $3,576,3812013Revenue 2014: $2,311,151Expenses 2014: $1,865,709Net Income 2014: $445,4422014Revenue 2015: $4,865,065Expenses 2015: $2,087,247Net Income 2015: $2,777,8182015Revenue 2016: $3,287,392Expenses 2016: $2,304,320Net Income 2016: $983,0722016Revenue 2017: $2,017,420Expenses 2017: $1,684,580Net Income 2017: $332,8402017Revenue 2018: $1,709,794Expenses 2018: $1,638,611Net Income 2018: $71,1832018Revenue 2019: $1,551,000Expenses 2019: $1,456,907Net Income 2019: $94,0932019Revenue 2020: $452,548Expenses 2020: $643,121Net Income 2020: -$190,5732020Revenue 2021: $1,460,044Expenses 2021: $1,438,572Net Income 2021: $21,4722021Revenue 2022: $1,595,015Expenses 2022: $1,385,061Net Income 2022: $209,9542022Revenue 2023: $1,346,723Expenses 2023: $1,295,936Net Income 2023: $50,7872023Revenue 2024: $1,097,813Expenses 2024: $833,442Net Income 2024: $264,3712024

Highlighted filing

2016

Revenue$3,287,392
Expenses$2,304,320
Net Income$983,072
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$3,460,418
Mission and Program Overview

Mission

The nhra motorsports museum is organized for charitable and educational purposes. The museum obtains, cares for and displays items of lasting interest or value relating to the sport of drag racing in a facility that is open to the general public. The museum sponsors and carries on activities that foster a better understanding of the history and development of the sport and the people and industry associated with the sport, and promotes the sport of drag racing.

Preserve and display motorsports history and items; educate the public regarding the same.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$796,899$1,234,890▲ $437,991
Land, Buildings, and Equipment, Net$897,246$818,696▼ $78,550
Receivable From Disqualified Prsn$340,043--
Accounts Receivable$23,505$89,962▲ $66,457
Inventories for Sale or Use$81,734$71,112▼ $10,622
Loans From Officers Directors-$42,748-
Prepaid Expenses and Deferred Charges$40,439$34,549▼ $5,890
Investments in Publicly Traded Securities$15,956--
Total Assets$2,196,007$2,252,763▲ $56,756
Other Assets Total$185$3,554▲ $3,369
Liabilities
Accounts Payable and Accrued Expenses$532,365$593,361▲ $60,996
Deferred Revenue$9,952$6,077▼ $3,875
Total Liabilities$542,317$642,186▲ $99,869
Net Assets / Fund Balance
Unrestricted Net Assets$1,453,690$1,410,577▼ $43,113
Temporarily Rstr Net Assets$200,000$200,000→ $0
Total Net Assets Fund Balance$1,653,690$1,610,577▼ $43,113
Total Liabilities and Net Assets / Fund Balance$2,196,007$2,252,763▲ $56,756

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$523,102$502,687$1,025,789
Leasehold Improvements$280,594$274,937$555,531
Other Land Buildings$15,000-$15,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve GibbsBoard MemberPT$48,900-$48,900
Wayne McMurtrySecretary--$26,400$26,400

Board Members and Trustees

NameTitle
Thomas McKernanChair
Peter CliffordFormer President
Thomas Comptonformer President
Lawrence FisherPresident/ Executive Director
Alex XydiasBoard Member
Dave McClellandBoard Member
Gale BanksBoard Member
Glen CromwellBoard Member
Jack O'BannonBOARD Member
Linda LouieBoard Member
Curtis WinieckiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,738,083
Program Service Revenue
$1,384,007
Investment Income
$801
Other Revenue
$164,501
All Other Contributions
$1,706,108
Change in Net Assets
$983,072

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table4$1,025,000Historical vehicles
Total Noncash Contributions4$1,025,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,262,392
Revenue Not Reported on Financial Statements
$1,025,000
Revenue Not Reported on Form 990
$171,839
Other Revenue Adjustments
$1,025,000
Total Revenue per Audited Statements
$2,434,231
Total Revenue per Form 990
$3,287,392
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,732,728
Salaries, Compensation, and Employee Benefits$571,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$252,876$155,243-$408,119
Office Expenses$242,834$10,118-$252,952
Occupancy$107,180$4,466-$111,646
Depreciation Depletion$75,409$3,142-$78,551
Insurance$73,429$3,060-$76,489
Other Employee Benefits$44,432$20,766-$65,198
Fees for Services Management-$63,717-$63,717
Current Officers, Directors, Trustees, and Key Employees-$48,900-$48,900
Payroll Taxes$27,559$16,919-$44,478
Other Expenses$26,476--$26,476
Advertising$25,487--$25,487
Travel-$15,795-$15,795
Pension Plan Contributions$4,897--$4,897
All Other Expenses-$2,634-$2,634
Total Functional Expenses$1,959,560$344,760$0$2,304,320

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,477,344
Expenses per Audited Statements$2,304,320
Total Expenses per Form 990$2,304,320
Expenses Not Reported on Form 990$173,024
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,565
Fundraising Direct Expenses$2
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$340,043--
Loans from Officers, Directors, Trustees, and Key Employees-$42,748-
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 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
No
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, Part VI, Section A, line 8B

No committees with the authority to act on behalf of the governing body took separate action.

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

The Form 990 is distributed to all of the members of the board of directors for review and is approved by the treasurer for submission.

Form 990, Part VI, Section B, line 12C

All employees are responsible for following the conflict of interest policy. Management is responsible for enforcing compliance with the policy. The company also has a procedure in place that allows employees to bring any matter they feel may be a problem to managements' attention. Annual records and documentation are reviewed to identify any potential conflict of interest, and if a potential conflict of interest is identified, management reviews the potential conflict to ensure proper approvals have been obtained and if not take appropriate action as required.

Form 990, Part VI, Section C, line 19

Governing Documents, Conflict of interest policy and Audited Financial Statements are considered confidential and not available to the public.

Form 990, Part VII:

The compensation listed on form 990 part vii section a and on part ix for steve gibbs is paid to this board member in his capacity as an independant consultant, not for his service as a board member of the organization.

Filing and Contact Details

Filer

Filer Name
NHRA Motorsports Museum
EIN
94-3021388
Phone
6269144761
Address
2035 Financial Way, Glendora, CA 91741-4602

Signing Officer

Name
Lawrence Fisher
Title
president
Phone
6269144761
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence fisher
Formed
1986
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
5
Employees
0
Volunteers
15

Preparer

Firm
Moss Adams LLP
Address
3121 W March Ln Ste 200, Stockton, CA 95219-2367
Preparer
Tracy S Paglia
Phone
2099556100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Donated Vehicles - Revenue on Return, not books -1,025,000.

Financial Statement Notes

Part III, Line 1A:

The museum holds a number of donated or contributed vehicles and artwork as collections. These collections are not recognized in the statements of financial position and are excluded from the financial statements. Collections are cataloged and preserved for educational purposes.

Part III, Line 4:

Vehicles and various items integral to the history of all types of racing are displayed. Items include historical publications, driving suits, and trophies. Various displays and videos preserve the history of racing.

Part X, Line 2:

The museum is exempt from federal income and california franchise taxes under section 501(c)(3) of the internal revenue code and the corresponding california provisions. The museum is subject to income taxes for unrelated business income realized in connection with unrelated business activities. There was no income tax for unrelated business income realized in connection with unrelated business activities in 2016 and 2015. The museum, under the provisions of asc 740, income taxes, had no uncertain tax positions requiring accrual as of december 31, 2016 and 2015.

Part XI, Line 2D - Other Adjustments:

Cost of Goods Sold 173,024.

Part XI, Line 4B - Other Adjustments:

Donated Vehicles 1,025,000.

Part XII, Line 2D - Other Adjustments:

Cost of Goods Sold 173,024.

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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0300
IRS990/GrossReceiptsAmt03460418
IRS990/GrossSalesOfInventoryAmt0331962
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03060
IRS990/InsuranceGrp/ProgramServicesAmt073429
IRS990/InsuranceGrp/TotalAmt076489
IRS990/InventoriesForSaleOrUseGrp/BOYAmt081734
IRS990/InventoriesForSaleOrUseGrp/EOYAmt071112
IRS990/InvestmentIncomeGrp/ExclusionAmt0501
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0501
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt015956
IRS990/IRPDocumentCnt069
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0777624
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0897246
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0818696
IRS990/LandBldgEquipCostOrOtherBssAmt01596320
IRS990/LegalDomicileStateCd0DC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt042748
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt026975
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE NHRA MOTORSPORTS MUSEUM IS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE MUSEUM OBTAINS, CARES FOR AND DISPLAYS ITEMS OF LASTING INTEREST OR VALUE RELATING TO THE SPORT OF DRAG RACING IN A FACILITY THAT IS OPEN TO THE GENERAL PUBLIC. THE MUSEUM SPONSORS AND CARRIES ON ACTIVITIES THAT FOSTER A BETTER UNDERSTANDING OF THE HISTORY AND DEVELOPMENT OF THE SPORT AND THE PEOPLE AND INDUSTRY ASSOCIATED WITH THE SPORT, AND PROMOTES THE SPORT OF DRAG RACING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01653690
IRS990/NetAssetsOrFundBalancesEOYAmt01610577
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0300
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0300
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt05563
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt05563
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0158938
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0158938
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1185
IRS990/NoncashContributionsAmt01025000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04466
IRS990/OccupancyGrp/ProgramServicesAmt0107180
IRS990/OccupancyGrp/TotalAmt0111646
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010118
IRS990/OfficeExpensesGrp/ProgramServicesAmt0242834
IRS990/OfficeExpensesGrp/TotalAmt0252952
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0185
IRS990/OtherAssetsTotalGrp/EOYAmt03554
IRS990/OtherChangesInNetAssetsAmt0-1025000
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020766
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044432
IRS990/OtherEmployeeBenefitsGrp/TotalAmt065198
IRS990/OtherExpensesGrp/Desc0Hot Rod Reunion Expense
IRS990/OtherExpensesGrp/Desc1Mopar Road Ready Safe D
IRS990/OtherExpensesGrp/Desc2Contract Labor
IRS990/OtherExpensesGrp/Desc3RECRUITMENT/RELOCATION
IRS990/OtherExpensesGrp/ProgramServicesAmt0717435
IRS990/OtherExpensesGrp/ProgramServicesAmt1325753
IRS990/OtherExpensesGrp/ProgramServicesAmt235793
IRS990/OtherExpensesGrp/ProgramServicesAmt326476
IRS990/OtherExpensesGrp/TotalAmt0717435
IRS990/OtherExpensesGrp/TotalAmt1325753
IRS990/OtherExpensesGrp/TotalAmt235793
IRS990/OtherExpensesGrp/TotalAmt326476
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0155243
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0252876
IRS990/OtherSalariesAndWagesGrp/TotalAmt0408119
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016919
IRS990/PayrollTaxesGrp/ProgramServicesAmt027559
IRS990/PayrollTaxesGrp/TotalAmt044478
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04897
IRS990/PensionPlanContributionsGrp/TotalAmt04897
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040439
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034549
IRS990/PrincipalOfficerNm0Lawrence fisher
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0HOT ROD REUNIONS
IRS990/ProgramServiceRevenueGrp/Desc1Museum Admissions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01304252
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt179755
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01304252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt179755
IRS990/ProgSrvcAccomActy2Grp/Desc0Since their inception, the California Hot Rod Reunion and national hot rod reunion have offered hot rodders and racers the opportunity to reunite with old friends and reminisce about "the good old days." The Reunions include vintage drag racing, a car show, a chance for fans to meet the legends and stars of the sport, and the highly popular "Cacklefest" Automobile Exhibition.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0717435
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01304252
IRS990/ProgSrvcAccomActy3Grp/Desc0EXPOSE AND EDUCATE THE PUBLIC REGARDING THE HISTORY OF THE SPORT OF DRAG RACING, OTHER MOTORSPORTS RELATED ITEMS, CURRENT MOTORSPORTS ACTIVITIES AND PROGRAMS FOR YOUTH AND OTHERS WHO VISIT THE MUSEUM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0325753
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03272448
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1878
IRS990/PYOtherExpensesAmt01643277
IRS990/PYOtherRevenueAmt0160388
IRS990/PYProgramServiceRevenueAmt01434107
IRS990/PYRevenuesLessExpensesAmt02777818
IRS990/PYSalariesCompEmpBnftPaidAmt0443970
IRS990/PYTotalExpensesAmt02087247
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04865065
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt0340043
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0983072
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0238693
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01738083
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03272448
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0973946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04133758
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0941772
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011060007
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0501
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0502
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0500
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0397
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0368
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02268
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07786075
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.38610
IRS990ScheduleA/PublicSupportPY170Pct00.33960
IRS990ScheduleA/PublicSupportTotal170Amt04273266
IRS990ScheduleA/SubstantialContributorsTotAmt06786741
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01738083
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03272448
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0973946
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04133758
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0941772
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011060007
IRS990ScheduleA/TotalSupportAmt011067838
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt05563
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt05563
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedLoanOrExchProgInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt0523102
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0502687
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01025789
IRS990ScheduleD/ExpensesNotReportedAmt0173024
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02304320
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0280594
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0274937
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0555531
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1185
IRS990ScheduleD/OtherExpensesIncludedAmt0173024
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherRevenueAmt0173024
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01025000
IRS990ScheduleD/RevenueNotReportedAmt0171839
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01025000
IRS990ScheduleD/RevenueSubtotalAmt02262392
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MUSEUM HOLDS A NUMBER OF DONATED OR CONTRIBUTED VEHICLES AND ARTWORK AS COLLECTIONS. THESE COLLECTIONS ARE NOT RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION AND ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. COLLECTIONS ARE CATALOGED AND PRESERVED FOR EDUCATIONAL PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1VEHICLES AND VARIOUS ITEMS INTEGRAL TO THE HISTORY OF ALL TYPES OF RACING ARE DISPLAYED. ITEMS INCLUDE HISTORICAL PUBLICATIONS, DRIVING SUITS, AND TROPHIES. VARIOUS DISPLAYS AND VIDEOS PRESERVE THE HISTORY OF RACING.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE MUSEUM IS EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CORRESPONDING CALIFORNIA PROVISIONS. THE MUSEUM IS SUBJECT TO INCOME TAXES FOR UNRELATED BUSINESS INCOME REALIZED IN CONNECTION WITH UNRELATED BUSINESS ACTIVITIES. THERE WAS NO INCOME TAX FOR UNRELATED BUSINESS INCOME REALIZED IN CONNECTION WITH UNRELATED BUSINESS ACTIVITIES IN 2016 AND 2015. THE MUSEUM, UNDER THE PROVISIONS OF ASC 740, INCOME TAXES, HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL AS OF DECEMBER 31, 2016 AND 2015.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.94$0.51$2.42$1.10$0.83$0.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$0.43$2.16$1.35$1.30$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.39$0.30$2.08$1.60$1.39$0.21
2021Detailed filing. Detailed filing data is available for this year.$2.20$0.25$1.94$1.46$1.44$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.42$0.50$1.92$0.45$0.64$0.19
2019Detailed filing. Detailed filing data is available for this year.$2.30$0.19$2.11$1.55$1.46$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.20$0.18$2.02$1.71$1.64$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.25$0.31$1.94$2.02$1.68$0.33
2016Detailed filing. Detailed filing data is available for this year.$2.25$0.64$1.61$3.29$2.30$0.98
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.20$0.54$1.65$4.87$2.09$2.78
2014Detailed filing. Detailed filing data is available for this year.$2.09$3.21$1.12$2.31$1.87$0.45
2013Detailed filing. Detailed filing data is available for this year.$7.01$3.32$3.69$5.45$1.87$3.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$3.15$0.11$1.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$2.88$0.38$1.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$2.89$0.50$1.59