Model a Ford Foundation INC FY2023 filing

Tax-deductible

Peotone, IL501(c)(3)EIN 94-3023932Revenue $787K in FY2023

On file with the IRSmaffi.orgPo Box 28, 60468-0028 · Peotone, ILTax-exempt since May 1987Publicly supported charity — 170(b)(1)(A)(vi)

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Research and preserve the history of Model a Ford vehicles, educate public of its significance and display vehicles at our museum.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $381K a year · 73% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
66 mo
of spending, in cash
Looks good: 65.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $125K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$787K
×14 vs prior year
Spent
$138K
To programs
94%
Net assets
$4.4M
By yearFY2020–FY2024
Revenue
$787K
FY2023▲ ×14
Tap a bar for its year
Revenue by fiscal year
FY2020$319K
FY2021$591K
FY2022$55K
FY2023$787K
FY2024$858K
Expenses
$138K
FY2023▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$127K
FY2021$127K
FY2022$158K
FY2023$138K
FY2024$152K
Net assets
$4.4M
FY2023▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.9M
FY2022$3.8M
FY2023$4.4M
FY2024$5.1M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1987.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $130K Management & general 6% · $8K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
Trustee
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Model a Ford Foundation INC 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 15aYes

Programs and updates

Preserves Model A Ford history, educates the public, and displays vehicles at a museum.

Provided by the organization

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2 programs · $130K · in their own filed words · FY2023
01

Operate a national museum which displays model a vehicles and memorabilia that highlight the historical relevance of these items

$119Kprogram expense
02

Publish a quarterly newsletter and other publications for museum members and other interested parties

$11Kprogram 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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$787K
Ln 12
Gifts and grantsLn 1h$614K
Investment incomeLn 3$173K
Money outPt IX
$138K
Ln 25
Programscol B$130K
Managementcol C$8K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$758K
Total assetsLn 16$4.4M
LiabilitiesLn 26$8K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$614K
Government grantsLn 1e$0
Noncash giftsLn 1g$92K
Fundraising eventsLn 1c$45K
Investment incomeLn 3$173K
Total revenueLn 12$787K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$752K
Cash and savings togetherLn 1–2$758K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$716K
Other assetsLn 15$1.7M
Total assetsLn 16$4.4M
LiabilitiesLn 26$8K
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$398K$758K
InvestmentsLn 11–13$997K$1.2M
Land, buildings, equipmentLn 10c$735K$716K
Total assetsLn 16$3.8M$4.4M
LiabilitiesLn 26$14K$8K
Net assetsLn 32$3.8M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$4K$0$4K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$466$466$0$0
Office expensesLn 13$1K$0$1K$0
Information technologyLn 14$2K$0$2K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$66K$66K$0$0
TravelLn 17$884$884$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$19K$19K$0$0
InsuranceLn 23$12K$10K$1K$0
Other expenses (24a–d)Ln 24$33K$33K$0$0
Total functional expensesLn 25$138K$130K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $858K$152K$706K$5.1M 990 PDF
FY2023 Viewing $787K$138K$649K$4.4M 990 PDF
FY2022 $55K$158K−$103K$3.8M 990 PDF
FY2021 $591K$127K$464K$3.9M 990 PDF
FY2020 $319K$127K$192K$3.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $786,645 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,469$613,558
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$206,652$173,087
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $54,817$786,645
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $157,666$138,033
I-18 Total expensesPrior year $157,666$138,033
I-19 Revenue less expensesPrior year −$102,849$648,612
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $786,645 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$31,671
VIII-1c Fundraising events$44,787
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$537,100
VIII-1g Noncash contributions (included above)$91,500
VIII-1h Total contributions, gifts and grants$613,558
VIII-3 Investment incomeRelated to mission $173,087 · Unrelated business $0 · Excluded from tax $0$173,087
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $173,087 · Unrelated business $0 · Excluded from tax $0$786,645
Part IX · Statement of functional expenses $138,033 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $3,663 · Fundraising $0$3,663
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $466 · Management $0 · Fundraising $0$466
IX-13 Office expensesPrograms $0 · Management $1,214 · Fundraising $0$1,214
IX-14 Information technologyPrograms $0 · Management $1,870 · Fundraising $0$1,870
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $66,401 · Management $0 · Fundraising $0$66,401
IX-17 TravelPrograms $884 · Management $0 · Fundraising $0$884
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $19,020 · Management $0 · Fundraising $0$19,020
IX-23 InsurancePrograms $10,114 · Management $1,469 · Fundraising $0$11,583
IX-24 Other expenses (24a–d)Programs $32,932 · Management $0 · Fundraising $0$32,932
IX-25 Total functional expensesPrograms $129,817 · Management $8,216 · Fundraising $0$138,033
Part X · Balance sheet $4,410,346 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $25,913$5,445
X-2 Savings and temporary cash investmentsStart of year $372,491$752,131
X-8 Inventories for sale or useStart of year $14,449$12,481
X-9 Prepaid expenses and deferred chargesStart of year $5,435$10,634
X-10c Land, buildings and equipment, netStart of year $735,220$716,200
X-11 Publicly traded securitiesStart of year $996,816$1,228,328
X-15 Other assetsStart of year $1,617,210$1,685,127
X-16 Total assetsStart of year $3,767,534$4,410,346
X-17 Accounts payable and accrued expensesStart of year $13,623$7,823
X-26 Total liabilitiesStart of year $13,623$7,823
X-27 Net assets without donor restrictionsStart of year $3,753,911$4,016,790
X-28 Net assets with donor restrictionsStart of year $0$385,733
X-32 Total net assets or fund balancesStart of year $3,753,911$4,402,523
X-33 Total liabilities and net assetsStart of year $3,767,534$4,410,346
Part XI · Reconciliation of net assets $4,402,523 net assets at year end
XI-1 Total revenue$786,645
XI-2 Total expenses$138,033
XI-3 Revenue less expenses$648,612
XI-4 Net assets at start of year$3,753,911
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,402,523

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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