The Harrah Automobile Foundation EIN 94-2777978

The Harrah Automobile Foundation

EIN  94-2777978 Public charity (501(c)(3)) Reno, NV
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/2/26 · see original filing: IRS
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Size
$1–10M
What they do
Preserves and displays cars to show their impact on American society.
Leadership
Philip Macdougall · President & Executive Dire · $108K
Money in and out
$2.4M revenue, $2.2M expenses
Bottom line
73% program efficiency

Preserves and displays cars to show their impact on American society. For fiscal year 2024 it reported $2.4M in revenue, $2.2M in expenses, and $39.5M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$39.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $193K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.26 Fundraising $0.01
Program efficiency
73%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
15.7mo
months of highly liquid reserves at operating expense rate▼ -40% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▼ -81% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.4M
FY2024▼ -36%
Expenses
$2.2M
FY2024▲ +4%
Total assets
$39.6M
FY2024▲ +1%
Total liabilities
$140K
FY2024▲ +78%
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$39.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$193K
Total assetsPt X · Ln 16$39.6M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $1.6M of program spending, described in the organization's own filed words · FY2024.
01

The museum is open 363 days a year providing admission to 62,950 visitors. Visitors experience the collection, special exhibits and educational programs.

$1.6Mprogram expense
02

The gift shop is open along with the museum and sells merchandise related to the automobile and the museum, including reference books, models, car care products and logo clothing.

Pt IX · col B
03

The museum offers special events to the public and members and is available for banquets and meetings for groups.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Harrah Automobile Foundation
EINHdr · item D94-2777978
Principal addressHdr · item CReno, NV
WebsiteHdr · item Jwww.automuseum.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1981

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & Executive Dire
$108,130Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Philip Macdougall$108,130$94,823$97,115$79,933
Buddy Frank$18,250$51,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 51%
Program service revenue$983K · 42%
Investment income$96K · 4%
Other revenue$69K · 3%
Contributions & grants51%$1.2M
Program service revenue42%$983K
Investment income4%$96K
Other revenue3%$69K
— government grantsLn 1e$137K
Total revenueLn 12$2.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.26 Fundraising $0.01
Program services73%$1.6M
Management & general26%$563K
Fundraising1%$15K
Total functional expensesLn 25$2.2M

Balance Sheet

Part X · end of year
CashLn 1$455K
Total assetsLn 16$39.6M
Total liabilitiesLn 26$140K
Total net assetsLn 32$39.5M
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.7M · Operating expenses (Pt IX) $2.2M · Less non-cash grants $88K · Cash operating expenses/yr $2.1M
15.7 months
Where the money goes
Program services
Program services $1.6M · Total expenses $2.2M
73%
Management & General
Management & general $563K · Total expenses $2.2M
26%
Fundraising
Fundraising $15K · Total expenses $2.2M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $2.6M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $2.4M
51%
Government reliance
Government grants $137K · Total revenue $2.4M
6%
Earned-income share
Program service revenue $983K · Total revenue $2.4M
42%
Investment reliance
Investment income $96K · Total revenue $2.4M
+4%
Program self-sufficiency
Program service revenue $983K · Total expenses $2.2M
45%
Growth & trend
Revenue growth (YoY)
This year $2.4M · Prior year $3.7M
-36%
Revenue CAGR
FY2020 $856K · FY2024 $2.4M
+29%
Net-asset trend (YoY)
End of year $39.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.4M · Expenses $2.2M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $39.6M
Net-asset ratio
Net assets $39.5M · Total assets $39.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.9M · Other securities (Pt X, ln 12) $338K · Total assets (Pt X, ln 16) $39.6M
6%
People & payroll
Highest Reported Total Compensation
Individual Philip Macdougall · Reported title PRESIDENT & EXECUTIVE DIRE · Highest reported compensation $108K · Total expenses $2.2M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $830K · Total expenses $2.2M
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 26%
Fundraising cost ratio 1%
Revenue growth -36%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.4M revenue · viewing · ⤓ 990 PDF
FY2023$3.7M revenue · ⤓ 990 PDF
FY2022$5.9M revenue · ⤓ 990 PDF
FY2021$1.7M revenue · ⤓ 990 PDF
FY2020$856K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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