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Classic Car Collection

Tax-deductible

Kearney, NE501(c)(3)Arts & Culture EIN 45-2560489Revenue $240K in FY2025

On file with the IRSccckearney.com3600 E Hwy 30 Suite B, 68847-9790 · Kearney, NETax-exempt since Jun 2012Publicly supported charity — 170(b)(1)(A)(vi)

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Celebrate the heritage of the automobile and its place in american culture by continuing to educate and entertain the general public

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $202K a year · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$932
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
+118% vs prior year
Spent
$131K
To programs
95%
Net assets
$442K
By yearFY2021–FY2025
Revenue
$240K
FY2025▲ +118%
Tap a bar for its year
Revenue by fiscal year
FY2021−$1.0M
FY2022$164K
FY2023$255K
FY2024$110K
FY2025$240K
Expenses
$131K
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2021$305K
FY2022$60K
FY2023$139K
FY2024$113K
FY2025$131K
Net assets
$442K
FY2025▲ +97%
Tap a bar for its year
Net assets by fiscal year
FY2021$7K
FY2022$111K
FY2023$227K
FY2024$224K
FY2025$442K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $124K Management & general 4% · $5K Fundraising 1% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Brad Kernick
Chairman
$0Pt VII · Sec A
Jeffrey Knapp
Vice Chairman
$0Pt VII · Sec A
Jackie Purdy
Secretarytreasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
John Sahling
Director
$0Pt VII · Sec A
Danny Oberg
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Earl Joy
Director
$0Pt VII · Sec A
See Classic Car Collection executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educate and entertain the public about the automobile's heritage and cultural impact.

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Provided by the organization

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1 program · $124K · in their own filed words · FY2024
01

Maintaining the museum featuring over 120 cars currently in the collection. The majority of which are on loan to the musuem. Other exhibits include authentic vignettes, artwork, mannequins, and other items.

$124Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$15K
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$240K
Ln 12
Gifts and grantsLn 1h$190K
Fees for servicesLn 2g$53K
Investment incomeLn 3$2K
Money outPt IX
$131K
Ln 25
Programscol B$124K
Managementcol C$5K
Fundraisingcol D$1K
Owns and owesPt X
$442K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$443K
LiabilitiesLn 26$932
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$190K
Government grantsLn 1e$7K
Fundraising eventsLn 1c$81K
Fees for servicesLn 2g$53K
Investment incomeLn 3$2K
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$61K
Cash and savings togetherLn 1–2$110K
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$219K
Total assetsLn 16$443K
LiabilitiesLn 26$932
Net assetsLn 32$442K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$25K$110K
Land, buildings, equipmentLn 10c$8K$9K
Total assetsLn 16$243K$443K
LiabilitiesLn 26$19K$932
Net assetsLn 32$224K$442K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$13K$13K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$1K$1K
Accounting feesLn 11c$5K$5K
Professional fundraising feesLn 11e$250$250
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$4K$4K
Information technologyLn 14$1K$1K
OccupancyLn 16$108K$108K
InterestLn 20$145$145
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24−$30K−$31K$951
Total functional expensesLn 25$131K$124K$5K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $240K$131K$109K$442K 990 PDF
FY2024 $110K$113K−$3K$224K 990 PDF
FY2023 $255K$139K$116K$227K 990 PDF
FY2022 $164K$60K$104K$111K 990 PDF
FY2021 −$1.0M$305K−$1.3M$7K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $239,714 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $61,016$189,548
I-9 Program service revenuePrior year $47,525$53,125
I-10 Investment incomePrior year $1,389$1,514
I-11 Other revenuePrior year −$170−$4,473
I-12 Total revenuePrior year $109,760$239,714
I-13 Grants and similar amounts paidPrior year $50$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $11,763$15,747
I-16a Professional fundraising fees$250
I-17 Other expensesPrior year $100,785$115,045
I-18 Total expensesPrior year $112,598$131,042
I-19 Revenue less expensesPrior year −$2,838$108,672
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $239,714 across 10 lines filed
Lines not itemized here account for −$841 of total revenue; see the IRS return.
VIII-1c Fundraising events$80,665
VIII-1e Government grants$7,000
VIII-1f All other contributions, gifts and grants$101,883
VIII-1h Total contributions, gifts and grants$189,548
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $53,125$53,125
VIII-3 Investment incomeRelated to mission $1,514$1,514
VIII-6 Net rental income or lossRelated to mission −$3,950−$3,950
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $318$318
VIII-12 Total revenueRelated to mission $50,166 · Unrelated business $0 · Excluded from tax $0$239,714
Part IX · Statement of functional expenses $131,042 across 13 lines filed
IX-7 Other salaries and wagesPrograms $13,304$13,304
IX-9 Other employee benefitsPrograms $1,384$1,384
IX-10 Payroll taxesPrograms $1,059$1,059
IX-11c Accounting feesManagement $5,420$5,420
IX-11e Professional fundraising feesFundraising $250$250
IX-12 Advertising and promotionPrograms $14,320$14,320
IX-13 Office expensesPrograms $3,635$3,635
IX-14 Information technologyPrograms $1,088$1,088
IX-16 OccupancyPrograms $108,272$108,272
IX-20 InterestPrograms $145$145
IX-22 Depreciation, depletion and amortizationPrograms $2,055$2,055
IX-23 InsurancePrograms $9,979$9,979
IX-24 Other expenses (24a–d)Programs −$30,820 · Fundraising $951−$29,869
IX-25 Total functional expensesPrograms $124,421 · Management $5,420 · Fundraising $1,201$131,042
Part X · Balance sheet $442,994 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $24,571$48,356
X-2 Savings and temporary cash investments$61,330
X-8 Inventories for sale or useStart of year $4,485$4,528
X-9 Prepaid expenses and deferred chargesStart of year $96,250$100,834
X-10c Land, buildings and equipment, netStart of year $8,009$8,946
X-15 Other assetsStart of year $110,000$219,000
X-16 Total assetsStart of year $243,315$442,994
X-17 Accounts payable and accrued expensesStart of year $3,925$932
X-26 Total liabilitiesStart of year $18,925$932
X-27 Net assets without donor restrictionsStart of year $224,390$333,062
X-28 Net assets with donor restrictions$109,000
X-32 Total net assets or fund balancesStart of year $224,390$442,062
X-33 Total liabilities and net assetsStart of year $243,315$442,994
Part XI · Reconciliation of net assets $442,062 net assets at year end
XI-1 Total revenue$239,714
XI-2 Total expenses$131,042
XI-3 Revenue less expenses$108,672
XI-4 Net assets at start of year$224,390
XI-9 Other changes in net assets$109,000
XI-10 Net assets at end of year$442,062

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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