Nonprofit · EIN 74-2519972
NATIONAL CORVETTE MUSEUM FOUNDATION INC
Tax-exempt · BOWLING GREEN, KY 42101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,478,552 | $16,992,405 | $2,486,147 | $83,414,796 | $4,252,488 | $79,162,308 |
| December 31, 2023 | 990 | $18,175,052 | $15,489,060 | $2,685,992 | $86,891,540 | $11,266,639 | $75,624,901 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,776,340
- Membership dues
- $960,606
- Program service revenue
- $7,073,824
- Investment income
- $2,582,907
- Net rental income
- $1,632,594
- Net gain from sales of assets
- -$125,577
- Net income from gaming
- $1,713,226
- Net income from sales of inventory
- $4,219,559
- Other revenue
- $8,045,481
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $818,589
- Other salaries and wages
- $5,362,832
- Salaries, compensation and benefits (total)
- $7,450,911
- Professional fundraising fees
- $0
- Legal fees
- $46,425
- Accounting fees
- $60,084
- Occupancy
- $595,400
- Depreciation
- $2,637,942
- Program services (functional)
- $10,402,851
- Management and general (functional)
- $6,391,273
- Fundraising (functional)
- $198,281
Balance sheet and other
- Total assets, start of year
- $86,891,540
- Total assets, end of year
- $83,414,796
- Total liabilities, end of year
- $4,252,488
- Net assets, end of year
- $79,162,308
- Land, buildings and equipment
- $47,153,253
- Publicly traded securities
- $22,464,932
- Net assets without donor restrictions
- $77,699,630
- Net assets with donor restrictions
- $1,462,678
- Gross unrelated business income
- $1,105,343
- Gross receipts
- $24,876,959
- Employees
- 259
- Volunteers
- 465
- Year formed
- 1988
- State of legal domicile
- NM
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 | Other / benefits |
|---|---|---|---|---|
| SHARON BRAWNER | CEO/PRESIDENT (PARTIAL YEAR) Officer | 40 | $326,640 | $3,216 |
| AMANDA THOMAS | DIRECTOR OF HR & BUSINESS Officer | 40 | $172,472 | $14,699 |
| BRYCE BURKLOW | INTERIM COO Officer | 40 | $168,637 | $14,431 |
| RYAN EICHLER | DIRECTOR OF MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $137,349 | $12,857 |
| CHRIS HUFFMAN | IT OPERATIONS MANAGER Highest-paid employee | 40 | $130,559 | $12,534 |
| CHASTITY WILLIS-DAULEY | FINANCIAL PLANNING & ANALYSIS MANAGER Highest-paid employee | 40 | $117,058 | $11,858 |
| ROBERT MAXHIMER | DIRECTOR OF CURATORIAL AFFAIRS AND EDUCATION Highest-paid employee | 40 | $111,130 | $8,097 |
| STEPHEN LOPE | ACCOUNTING MANAGER Highest-paid employee | 40 | $103,144 | $9,708 |
| BRIAN HUNLEY | DIRECTOR OF FINANCE (PARTIAL YEAR) Officer | 40 | $97,026 | $8,361 |
| WILLIAM MARCUM | DIRECTOR OF FINANCE (PARTIAL YEAR) Officer | 40 | $13,106 | $0 |
| KAI SPANDE | IMMEDIATE PAST CHAIR Trustee or director | 2 | $0 | $0 |
| KAYE WAGNER | CHAIR Trustee or director | 2 | $0 | $0 |
| MICHAEL LAROCCA | CHAIR-ELECT Trustee or director | 2 | $0 | $0 |
| NEIL WATANABE | TREASURER Trustee or director | 2 | $0 | $0 |
| DALE LEDBETTER | SECRETARY Trustee or director | 2 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLENN JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| HARLAN CHARLES | DIRECTOR Trustee or director | 2 | $0 |
| CHUCK FAST | DIRECTOR Trustee or director | 2 | $0 |
| VITO CIMILLUCA | DIRECTOR Trustee or director | 2 | $0 |
| SHANNON LAMARCHE | DIRECTOR Trustee or director | 2 | $0 |
| DEB MURPHY | DIRECTOR Trustee or director | 2 | $0 |
| NORM ROSE | DIRECTOR Trustee or director | 2 | $0 |
| SHANNON SKOKOS | DIRECTOR Trustee or director | 2 | $0 |
| MIKE BUCHANON | DIRECTOR Trustee or director | 2 | $0 |
| DAN COSTELLOW | DIRECTOR Trustee or director | 2 | $0 |
| TIM MCMICHAEL | DIRECTOR Trustee or director | 2 | $0 |
| MARK STIELOW | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHARON BRAWNER | CEO/PRESIDENT Trustee or director, Officer | 40 | $321,435 | $18,657 |
| AMANDA THOMAS | DIRECTOR OF HR & BUSINESS OPERATIONS Officer | 40 | $149,187 | $21,868 |
| STEPHANIE MORRILL | DIRECTOR OF SALES AND GUEST SERVICES Highest-paid employee | 40 | $118,634 | $12,981 |
| CHRIS HUFFMAN | IT OPERATIONS MANAGER Highest-paid employee | 40 | $116,329 | $12,628 |
| BRIAN BAKER | DIRECTOR OF EDUCATION & COMMUNITY OUTREACH Highest-paid employee | 40 | $108,997 | $7,981 |
| BRIAN HUNLEY | DIRECTOR OF FINANCE Officer | 40 | $102,240 | $9,466 |
| KAI SPANDE | BOARD CHAIR Trustee or director | 2 | $0 | $0 |
| KAYE WAGNER | CHAIR-ELECT Trustee or director | 2 | $0 | $0 |
| MICHAEL LAROCCA | SECRETARY Trustee or director | 2 | $0 | $0 |
| NEIL WATANABE | TREASURER Trustee or director | 2 | $0 | $0 |
| GLENN JOHNSON | IMMEDIATE PAST CHAIR Trustee or director | 2 | $0 | $0 |
| DALE LEDBETTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HARLAN CHARLES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHUCK FAST | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHANNON LAMARCHE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHANNON SKOKOS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE BUCHANON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RAY THERIAULT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NORM ROSE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEB MURPHY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LON HELTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 350 CORVETTE DR, BOWLING GREEN, KY 42101-9134
- In care of
- % KELLIE CRAWFORD
- Principal officer (990 for 2024)
- BRYCE BURKLOW, 350 CORVETTE DRIVE, BOWLING GREEN, KY 42101
- Signed the 990
- BRYCE BURKLOW, PRESIDENT & CEO
- Phone
- (270) 781-7973
- Website
- WWW.CORVETTEMUSEUM.ORG
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
THE MISSION OF THE NATIONAL CORVETTE MUSEUM FOUNDATION IS TO EDUCATE WORLDWIDE AUDIENCES ON THE EVOLUTION OF THE CORVETTE AMERICA'S SPORTS CAR THROUGH COLLECTION, PRESERVATION, AND CELEBRATION OF ITS LEGACY.
Program accomplishments
- TOURS AND EXHIBITS: THE NATIONAL CORVETTE MUSEUM FOUNDATION PROVIDED EDUCATIONAL TOURS TO 217,000 GUESTS IN 2024, INCLUDING MORE THAN 5,200 STUDENTS WHO PARTICIPATED IN A SCHOOL OR EDUCATIONAL VISIT. TOUR HIGHLIGHTS INCLUDE THE MCMICHAEL FAMILY EDUCATION GALLERY, WHICH PROVIDES HANDS-ON INSPIRATION FOR FUTURE DESIGNERS AND ENGINEERS. THE DRIVEN BY DESIGN EXHIBITION INCLUDES ORAL HISTORIES ON THE DESIGN AND DEVELOPMENT OF CORVETTE ALONGSIDE DESIGN PROTOTYPES THAT EDUCATE AND EXPLAIN THE DESIGN PROCESS, FROM SKETCH TO PRODUCTION CORVETTE.Expenses $9,076,986 · revenue $9,108,150
- SPECIAL EVENTS PROGRAMS: 6,437 PEOPLE PARTICIPATED IN THE SPECIAL EVENTS PROGRAMS IN 2024. THIS INCLUDED EDUCATIONAL SEMINARS, PANEL DISCUSSIONS AND PRESENTATIONS FROM ENGINEERS, DESIGNERS AND OTHER EXPERTS IN THEIR FIELDS. THIS PROGRAM USES A SIGNIFICANT NUMBER OF VOLUNTEERS ALSO TO ASSIST IN RUNNING THE ACTIVITIES AND SEMINARS.Expenses $371,006 · revenue $579,159
- DELIVERY: THE DELIVERY PROGRAM BRINGS NEW CORVETTE OWNERS TO THE MUSEUM SO THAT THEY CAN LEARN ABOUT THE HISTORY OF THE CORVETTE, AND LEARN ABOUT THE PROPER OPERATION OF THEIR VEHICLE. THEY ARE GIVEN A TOUR OF THE CORVETTE ASSEMBLY PLANT (WHEN AVAILABLE) TO EDUCATE THEM ON THE MANUFACTURING PROCESS AND ALSO GIVEN A HANDS-ON DEMONSTRATION OF THE FEATURES OF THE CORVETTE. THOSE INVOLVED IN THE DELIVERY PROGRAM INCLUDE THE STAFF WHO PREPARE THE CAR (PDI) AND THE STAFF WHO PROVIDE THE TOURS AND DEMONSTRATIONS.Expenses $954,859 · revenue $1,686,529
- PLANT TOURS: HELPS FURTHER THE MISSION OF THE MUSEUM TO EDUCATE WORLD-WIDE AUDIENCES ABOUT THE CORVETTE AND HOW IT IS PRODUCED.DRIVEN BY DESIGN, THE MUSEUM'S DESIGN AND ENGINEERING EXHIBITION ILLUSTRATES HOW AUTOMOBILE DESIGN PROGRESSES FROM SKETCHES TO CLAY MODELS, WITH A SCALE CLAY MODEL CORVETTE ON DISPLAY AS AN EXAMPLE OF THE EARLY DESIGN PROCESS. ONE EXHIBIT HIGHLIGHTS THE FEMALE INTERIOR DESIGN TEAM OF THE LATE 1950S, NICKNAMED THE "DAMSELS OF DESIGN." SINCE OPENING IN 2016, THE SINKHOLE EXPERIENCE EXHIBITION HAS DOCUMENTED THE 2014 SINKHOLE COLLAPSE INSIDE THE MUSEUMWHY IT HAPPENED, HOW THE BURIED CARS WERE RECOVERED, HOW THE BUILDING WAS REPAIRED, AND WHAT KARST AND CAVE LANDFORMS ARE.STINGRAY GRILL/CORVETTE STORE: THE STINGRAY GRILL OFFERS LUNCH OPTIONS FOR THE CONVENIENCE OF MUSEUM GUESTS, AND CATERING OPTIONS FOR EVENTS AT THE MUSEUM, SCHOOL GROUP VISITS AND COMMUNITY EVENTS. THE CORVETTE STORE OFFERS A WIDE SELECTION OF UNIQUE GIFTS AND APPAREL THAT TELL THE CORVETTE STORY, WHILE CORVETTE ACCESSORIES ALLOW VISITORS TO CUSTOMIZE THEIR CORVETTE. MUSEUM MARKETING AND COMMUNICATION EFFORTS INCLUDE AMERICA'S SPORTS CAR MAGAZINE, A QUARTERLY PUBLICATION MAILED TO 25,000 HOUSEHOLDS, CLUBS AND BUSINESSES THAT EDUCATES READERS ON EVENTS AT THE NATIONAL CORVETTE MUSEUM AND CORVETTE HISTORY, INCLUDING ARTICLES ON SPECIFIC EXHIBITS TO INFORM THOSE THAT CANNOT PHYSICALLY COME TO THE MUSEUM. MUSEUM CHANNELS ON FACEBOOK, X, LINKEDIN, TIKTOK, INSTAGRAM, AND YOUTUBE HIGHLIGHT THE HISTORY OF THE CORVETTE WHILE ALSO BRINGING ATTENTION TO OUR MISSION AND EDUCATIONAL PROGRAMS, ALONG WITH DIGITAL ADVERTISING AIMED AT REACHING THE NEXT GENERATION OF GUESTS. EMAIL MARKETING INCLUDES CORVETTE CAMPUS CONNECTION, A MONTHLY EMAIL DISTRIBUTED TO MORE THAN 120,000 SUBSCRIBERS, WHICH HIGHLIGHTS PROGRAMS AT THE MUSEUM FOR THOSE UNABLE TO VISIT IN PERSON. THE MUSEUM WEBSITE PROVIDES HISTORICAL INFORMATION AND DETAILED STORIES ABOUT THE CORVETTE AND THE PERSONALITIES WHO HAVE SHAPED ITS 72-YEAR HISTORY. LIBRARY & ARCHIVES RESOURCE CENTER: THE RESOURCE CENTER IS THE REPOSITORY FOR ALL MATERIALS DOCUMENTING THE PAST, PRESENT AND FUTURE OF CORVETTE, CORVETTE ENTHUSIASTS AND THE CORVETTE MUSEUM. THE MATERIAL MANAGED AND PRESERVED INCLUDES AUDIO AND VISUAL MEDIA - BOTH DIGITAL (DVDS) AND MAGNETIC (VHS AND BETA TAPES), PERIODICALS, BOOKS, DRAWINGS, PAINTINGS, POSTERS, MEMORABILIA AND DOCUMENTS INCLUDING SOME IMPORTANT HISTORICAL MEMORABILIA PLUS BUILD SHEETS. MOST MATERIALS HAVE BEEN DONATED TO THE NATIONAL CORVETTE MUSEUM FROM INDIVIDUAL ENTHUSIASTS, PUBLISHING COMPANIES, PRINT MEDIA, AFTERMARKET SUPPLIERS, CLUBS AND ORGANIZATIONS SUCH AS NCRS, AND FROM GM/CHEVROLET.OTHER NATIONAL CORVETTE MUSEUM PROGRAM SERVICES INCLUDE EDUCATIONAL INSTRUCTION, SUCH AS MULTIPLE STEAM WORKSHOPS FOR STUDENTS, FIELD TRIPS, COMMUNITY SCHOOL OUTREACH AND RELATIONSHIP BUILDING. EDUCATIONAL PROGRAMMING ALSO EXTENDS VIRTUALLY THROUGH CORVETTEMUSEUM.ORG, FEATURING HIGH-PROFILE STORYTELLING WITH NATIONAL CORVETTE MUSEUM MEMBERS, INCLUSION IN THE MUSEUM'S QUARTERLY MAGAZINE, AMERICA'S SPORTS CAR, AND PARTICIPATION IN CAR SHOWS ACROSS THE COUNTRY.THE GATEWAY GALLERY TELLS THE STORY OF THE CORVETTE'S CREATION, EXPLORING THE INFLUENCE OF EUROPEAN SPORTS CARS IMPORTED BY WWII VETERANS, SMALL AMERICAN MANUFACTURERS BUILDING LOW-PRODUCTION SPORTS CARS, AND THE DEVELOPMENT OF THE CORVETTE NAME. THE EXHIBITION HIGHLIGHTS HARLEY EARL'S ROLE AT GENERAL MOTORS IN BRINGING THESE ELEMENTS TOGETHER TO CREATE THE CORVETTE, AMERICA'S SPORTS CAR.
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
- 74-2519972
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A500)
- Assets (IRS master file)
- $83,414,796
- Income (IRS master file)
- $24,876,959
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $19,478,552 | $16,992,405 | $83,414,796 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $18,175,052 | $15,489,060 | $86,891,540 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $20,794,905 | $13,564,882 | $82,060,290 | 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 | December 2018 | – | – | – | 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 74-2519972).
Questions about NATIONAL CORVETTE MUSEUM FOUNDATION INC
- What is the EIN of NATIONAL CORVETTE MUSEUM FOUNDATION INC?
- The employer identification number (EIN) of NATIONAL CORVETTE MUSEUM FOUNDATION INC is 74-2519972.
- Is NATIONAL CORVETTE MUSEUM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to NATIONAL CORVETTE MUSEUM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL CORVETTE MUSEUM FOUNDATION 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 NATIONAL CORVETTE MUSEUM FOUNDATION 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 NATIONAL CORVETTE MUSEUM FOUNDATION 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 NATIONAL CORVETTE MUSEUM FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names BRYCE BURKLOW.
- Who are the officers and directors of NATIONAL CORVETTE MUSEUM FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 27 people; 10 received compensation from the organization, the highest $326,640 (SHARON BRAWNER, CEO/PRESIDENT (PARTIAL YEAR)).
- How much revenue does NATIONAL CORVETTE MUSEUM FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,478,552, expenses of $16,992,405 and total assets of $83,414,796 at year end.
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