Overview
What is Sarasota Classic Car Museum Inc?
Sarasota Classic Car Museum Inc is a nonprofit organization situated in Sarasota, Florida, with a primary focus on preserving and showcasing the transformative vehicles of the 20th century. The museum, housed in a 1953 building formerly used as a car barn, aims to inspire interest and understanding of the automobile's impact on American life. To maintain its operations, the museum relies on volunteer support, vehicle donations, and financial contributions. The collection includes automobiles dating back to the early 1900s, some of which were part of the original exhibit when the Horn Brothers first opened the museum. The vehicles are presented in a timeline, offering a captivating journey through automotive history.
Official website here: www.sarasotacarmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39%
The Sarasota Classic Car Museum Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant areas of concern in its accountability and financial management. The organization scored particularly low on board independence, with no independent members among its board, which raises questions about governance practices. Furthermore, the lack of essential financial statements and policies, such as a conflict of interest policy and a whistleblower policy, contributed to its low score.
On a more positive note, the museum demonstrates a strong commitment to its programs, achieving a program expense ratio of 92.33%. This suggests that a significant portion of its expenditures directly supports its mission. Additionally, the organization has effectively documented its board meeting minutes, showing some level of organizational transparency.
However, the high liabilities to assets ratio of 90.07% indicates potential financial instability, which could jeopardize the museum's ability to sustain operations. Overall, while the Sarasota Classic Car Museum Inc showcases a commitment to its programs, its governance and financial oversight require substantial improvement to enhance transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Sarasota Classic Car Museum Inc legitimate?
Sarasota Classic Car Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sarasota Classic Car Museum Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $93,896
For more financial information, click here
Official website here: www.sarasotacarmuseum.org
What is the mission statement of Sarasota Classic Car Museum Inc?
The Sarasota Classic Car Museum Inc exists to collect, preserve, and showcase the historical evolution of automobiles from the 20th century. Its primary goal is to establish a platform for scholarly research and educational programs, aiming to stimulate interest and understanding in the influence of cars on American life. The museum, which is housed in a 50,000 square foot building from 1953, requires significant maintenance and support to remain operational. This support comes in the form of volunteer help, car donations, and financial contributions. The museum houses vehicles dating back to the early 1900s, some of which were originally displayed when the Horn Brothers first opened the museum. The automobiles are exhibited in a timeline, providing a chronological overview of their impact on society.
Official website here: www.sarasotacarmuseum.org
Who is the CEO of Sarasota Classic Car Museum Inc?
Martin Godbey is the Treasurer of Sarasota Classic Car Museum Inc.
Official website here: www.sarasotacarmuseum.org
What is the revenue of Sarasota Classic Car Museum Inc?
Sarasota Classic Car Museum Inc's revenue in 2022 was $552,071.
Official website here: www.sarasotacarmuseum.org
Who are the executives of Sarasota Classic Car Museum Inc and what are their salaries?
The average compensation at Sarasota Classic Car Museum Inc during 2022 was $9,390. There are 10 employees at Sarasota Classic Car Museum Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sarasotacarmuseum.org
Where can I find the form 990 for Sarasota Classic Car Museum Inc?
Sarasota Classic Car Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sarasotacarmuseum.org
Learn more at the official website: www.sarasotacarmuseum.org
Mission Statement of Sarasota Classic Car Museum Inc
The Sarasota Classic Car Museum Inc is dedicated to the acquisition, preservation, and exhibition of the evolving cars from the 20th century. The organization seeks to establish a foundation for scholarly research and learning programs, inspiring an interest in and understanding of the impacts of the automobile on life in America. The museum is housed in a historic building, originally a stable, which was converted into a car barn in 1953, retaining its rustic beams and antique bronze lighting. Due to its expansive size of 50,000 square feet, the museum requires significant maintenance and upkeep to remain operational. To sustain its operations, the Sarasota Classic Car Museum Inc relies on volunteer assistance, automobile donations, and financial support. The museum's collection dates back to the early 1900s, featuring vehicles from 1905 to 1908, some of which were present when the Horn Brothers initially opened the museum. The automobiles are displayed in a timeline, offering a chronological journey of the evolution of automobiles.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The impact of the Sarasota Classic Car Museum Inc lies in its dedication to acquiring, preserving, and exhibiting the dwindling cars of the 20th century. By showcasing these historical automobiles, the museum provides a valuable foundation for scholarly research and learning programs that inspire an interest in and understanding of the impacts of the automobile on American life.
Moreover, the museum's commitment to maintaining a historical building from 1953, which was repurposed into a car barn, adds to its significance as a cultural institution. However, the sustainability of the museum is reliant on recruiting volunteer help, automobile donations, and financial support to ensure its continued operation and upkeep.
By curating a collection that includes automobiles dating back to the early 1900s, such as those from 1905-1908, the Sarasota Classic Car Museum Inc offers visitors a chronological journey through automotive history, highlighting the evolution of these iconic vehicles over time. Through its exhibitions and educational programs, the museum plays a vital role in preserving and sharing the legacy of automobiles in American society.
This information is meant to be a general summary of Sarasota Classic Car Museum Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,800
- Program Service Revenue: $419,747
- Gross Receipts: $626,034
Assets and Liabilities:
- Total Assets: $726,577
- Total Liabilities: $654,444
- Net Assets: $72,133
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS - NONTAXABLE
Revenue
$311,942
SUBLET BUILDING
Revenue
$107,805
Organization Details
Founding Year
1998
Phone
(941) 365-6228Principal Officer
Martin Godbey
Main Address
5500 N TAMIAMI TRL, SARASOTA, FL, 34243
Website
www.sarasotacarmuseum.orgNTEE Category
Code: A50 - Arts
If you are a representative of Sarasota Classic Car Museum Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.