Nonprofit · EIN 81-4362384
NEWPORT CAR MUSEUM INC
Also known as GUNTHER K BUERMAN
Tax-exempt · PORTSMOUTH, RI 02871
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,436,714 | $1,996,443 | -$559,729 | $2,338,561 | $1,540,697 | $797,864 |
| December 31, 2023 | 990 | $1,319,830 | $1,910,798 | -$590,968 | $2,293,748 | $936,155 | $1,357,593 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $52,650
- Membership dues
- $2,150
- Program service revenue
- $906,768
- Investment income
- $1,530
- Net rental income
- $3,000
- Net gain from sales of assets
- $1,530
- Net income from sales of inventory
- $256,178
- Other revenue
- $475,766
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $697,843
- Salaries, compensation and benefits (total)
- $757,221
- Professional fundraising fees
- $0
- Accounting fees
- $5,200
- Occupancy
- $616,212
- Depreciation
- $480,515
- Program services (functional)
- $1,397,511
- Management and general (functional)
- $598,932
Balance sheet and other
- Total assets, start of year
- $2,293,748
- Total assets, end of year
- $2,338,561
- Total liabilities, end of year
- $1,540,697
- Net assets, end of year
- $797,864
- Land, buildings and equipment
- $1,774,721
- Net assets without donor restrictions
- $797,864
- Gross receipts
- $1,633,353
- Employees
- 16
- Volunteers
- 21
- Year formed
- 2016
- State of legal domicile
- RI
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 |
|---|---|---|---|
| GUNTHER K BUERMAN | CHAIRMAN Trustee or director, Officer | 15 | $0 |
| MARGARETHA BUERMAN | PRESIDENT Trustee or director, Officer | 15 | $0 |
| MAGNUS BUERMAN | SECRETARY Trustee or director, Officer | 2 | $0 |
| GABRIELLA WEINSTEIN | DIRECTOR Trustee or director | 2 | $0 |
| GRETA BUERMAN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WAYNE LEE | EMPLOYEE Highest-paid employee | 40 | $129,692 |
| GUNTHER K BUERMAN | CHAIRMAN Trustee or director, Officer | 15 | $0 |
| MARGARETHA BUERMAN | PRESIDENT Trustee or director, Officer | 15 | $0 |
| MAGNUS BUERMAN | SECRETARY Trustee or director, Officer | 2 | $0 |
| GABRIELLA WEINSTEIN | DIRECTOR Trustee or director | 2 | $0 |
| GRETA BUERMAN | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1947 W MAIN RD, PORTSMOUTH, RI 02871-1077
- In care of
- % CYNTHIA WATERMAN
- Principal officer (990 for 2024)
- GUNTHER BUERMAN, 1947 WEST MAIN STREET, PORTSMOUTH, RI 02871
- Signed the 990
- GUNTHER BUERMAN, CHAIRMAN
- Phone
- (401) 848-2277
- Website
- WWW.NEWPORTCARMUSEUM.ORG
- Return prepared by
- BONADIO & CO LLP
Mission
THE PURPOSE OF THE NEWPORT CAR MUSEUM IS TO ESTABLISH A CLASSIC CAR MUSEUM FOR THE PUBLIC AS WELL AS LIBRARIES TO REFERENCE THE DESIGN AND MANUFACTURE OF THESE VEHICLES. THE MUSEUM COLLECTS AND DISPLAYS AUTOMOBILES AND UNIQUE FURNITURE DESIGNS OF CULTURAL AND HISTORICAL IMPORTANCE, PRESERVE THEM, RESEARCH INTO THEM, AND PRESENT THEM, TO INSPIRE AND ENGAGE THE GENERAL PUBLIC FOR THE PURPOSE OF EDUCATION AND ENJOYMENT.
Program accomplishments
- MUSEUM OPERATIONS, INCLUDING EXHIBITIONS AND EDUCATION.Expenses $1,397,511 · revenue $1,384,064
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
- 81-4362384
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A54)
- Assets (IRS master file)
- $2,338,561
- Income (IRS master file)
- $1,633,353
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,436,714 | $1,996,443 | $2,338,561 | XML |
| 990 | December 2023 | $1,319,830 | $1,910,798 | $2,293,748 | XML |
| 990 | December 2022 | $1,403,601 | $1,572,442 | $2,476,161 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 81-4362384).
Questions about NEWPORT CAR MUSEUM INC
- What is the EIN of NEWPORT CAR MUSEUM INC?
- The employer identification number (EIN) of NEWPORT CAR MUSEUM INC is 81-4362384.
- Is NEWPORT CAR MUSEUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to NEWPORT CAR MUSEUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWPORT CAR 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 NEWPORT CAR 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 NEWPORT CAR 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 NEWPORT CAR MUSEUM INC?
- The 990 for the year ended December 31, 2024 names GUNTHER BUERMAN.
- Who are the officers and directors of NEWPORT CAR MUSEUM INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does NEWPORT CAR MUSEUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,436,714, expenses of $1,996,443 and total assets of $2,338,561 at year end.
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