Nonprofit · EIN 47-1918005
AUDRAIN AUTOMOBILE MUSEUM INC
Tax-exempt · NEWPORT, RI 02840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,925,059 | $2,803,234 | $121,825 | $5,432,151 | $5,372,216 | $59,935 |
| December 31, 2023 | 990 | $2,627,806 | $1,823,238 | $804,568 | $3,817,985 | $2,651,030 | $1,166,955 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,796,071
- Membership dues
- $213,311
- Program service revenue
- $267,491
- Investment income
- $155
- Net rental income
- $17,375
- Net income from fundraising events
- -$1,206,335
- Net income from sales of inventory
- $29,823
- Other revenue
- -$1,138,658
Expenses
- Grants and similar amounts paid
- $105,000
- Other salaries and wages
- $1,590,598
- Salaries, compensation and benefits (total)
- $1,633,580
- Professional fundraising fees
- $0
- Legal fees
- $11,197
- Accounting fees
- $90,000
- Occupancy
- $208,040
- Travel
- $15,285
- Depreciation
- $8,304
- Program services (functional)
- $838,581
- Management and general (functional)
- $948,035
- Fundraising (functional)
- $1,016,618
Balance sheet and other
- Total assets, start of year
- $3,817,985
- Total assets, end of year
- $5,432,151
- Total liabilities, end of year
- $5,372,216
- Net assets, end of year
- $59,935
- Land, buildings and equipment
- $14,926
- Net assets without donor restrictions
- $37,128
- Net assets with donor restrictions
- $22,807
- Gross unrelated business income
- $29,823
- Gross receipts
- $6,051,742
- Employees
- 11
- Volunteers
- 310
- Year formed
- 2014
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DAVID DE MUZIO | EXECUTIVE DIRECTOR Trustee or director | 40 | $98,605 | $109,998 |
| NICHOLAS S SCHORSCH | DIRECTOR, PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JOHN T BOXER | DIRECTOR, SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| WILLIAM M KAHANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELLEY D SCHORSCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EDWARD M WEIL JR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| NICHOLAS S SCHORSCH JR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| M BENJAMIN MERCER | TREASURER Officer | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DAVID DE MUZIO | EXECUTIVE DIRECTOR Trustee or director | 40 | $98,605 | $103,960 |
| NICHOLAS S SCHORSCH | DIRECTOR, PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JOHN T BOXER | DIRECTOR, SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| WILLIAM M KAHANE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHELLEY D SCHORSCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWARD M WEIL JR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| NICHOLAS S SCHORSCH JR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| M BENJAMIN MERCER | TREASURER Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 222 BELLEVUE AVE, NEWPORT, RI 02840-3515
- In care of
- % JOHN T BOXER
- Principal officer (990 for 2024)
- NICHOLAS S SCHORSCH, 72 JOHNNY CAKE HILL RD, MIDDLETOWN, RI 02842
- Signed the 990
- JOHN T BOXER, TREASURE
- Phone
- (401) 239-0224
- Website
- AUDRAINAUTOMUSEUM.ORG
- Return prepared by
- FORVIS MAZARS LLP
Mission
TO CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES TO PROMOTE AND ADVANCE THE PUBLIC'S INTEREST IN A PUBLIC MUSEUM TO PRESERVE AND PRESENT AUTOMOTIVE HISTORY.
Program accomplishments
- THE ORGANIZATION OPERATES A MUSEUM DEVOTED TO THE APPRECIATION OF HISTORICAL, CLASSICAL, COLLECTIBLE AND MODERN CARS. THE ORGANIZATION AIMS THAT BY TELLING THE STORIES OF THE AUTOMOBILES, IT TELLS THE STORY OF OUR CULTURE, COUNTRY, FAMILIES AND OURSELVES. THE ORGANIZATION ANNUALLY CURATES FOUR (4) EXHIBITS AND IN 2024 WELCOMED 30,000 + VISITORS, INCLUDING SCHOOL AND SENIOR GROUPS, CAR CLUBS AND COLLECTORS.Expenses $838,581 · grants $105,000 · revenue $287,970
- THE ORGANIZATION, THROUGH ITS WHOLLY OWNED SUBSIDIARY, AUDRAIN CONCOURS FOUNDATION, LLC ANNUALLY PRODUCES AND HOSTS THE "AUDRAIN NEWPORT CONCOURS AND MOTOR WEEK," A CAR CENTRIC EXPERIENCE IN NEWPORT RHODE ISLAND. THIS 4 DAY EVENT INCLUDES A FUNDRAISING GALA, TOUR D' ELEGANCE, CONCOURS D' ELEGANCE AND EDUCATIONAL SEMINARS ON AUTOMOBILE RELATED TOPICS THAT CELEBRATE AND PROMOTE THE PUBLIC'S INTEREST IN THE PRESERVATION AND PRESENTATION OF AUTOMOTIVE HISTORY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1918005
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A54)
- Assets (IRS master file)
- $5,432,151
- Income (IRS master file)
- $6,051,742
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,925,059 | $2,803,234 | $5,432,151 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,627,806 | $1,823,238 | $3,817,985 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $2,708,328 | $3,381,509 | $3,738,788 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1918005).
Questions about AUDRAIN AUTOMOBILE MUSEUM INC
- What is the EIN of AUDRAIN AUTOMOBILE MUSEUM INC?
- The employer identification number (EIN) of AUDRAIN AUTOMOBILE MUSEUM INC is 47-1918005.
- Is AUDRAIN AUTOMOBILE MUSEUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to AUDRAIN AUTOMOBILE MUSEUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AUDRAIN AUTOMOBILE MUSEUM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AUDRAIN AUTOMOBILE MUSEUM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AUDRAIN AUTOMOBILE MUSEUM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AUDRAIN AUTOMOBILE MUSEUM INC?
- The 990 for the year ended December 31, 2024 names NICHOLAS S SCHORSCH.
- Who are the officers and directors of AUDRAIN AUTOMOBILE MUSEUM INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $98,605 (DAVID DE MUZIO, EXECUTIVE DIRECTOR).
- How much revenue does AUDRAIN AUTOMOBILE MUSEUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,925,059, expenses of $2,803,234 and total assets of $5,432,151 at year end.
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All nonprofits in NEWPORT · Rhode Island · Arts, culture and humanities