Austin Rock And Roll Car Museum Inc in Austin, Texas (TX)

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Austin Rock And Roll Car Museum Inc
Employer Identification Number (EIN)261630239
Name of OrganizationAustin Rock And Roll Car Museum Inc
In Care of NameColt Verret
Address409 W Monroe St, Austin, TX 78704-3025
SubsectionEducational Organization
Ruling Date09/2008
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$21,530,253
Amount of Income$1,007,250
Form 990 Revenue Amount$1,007,250
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Museum, Museum Activities


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Amount of income in 2011: $1,007,250 (it was $7,212,000 in 2010)
This organization: 

 $1,007,250
Other organizations performing similar types of work: 

 $67,964

Assets in 2011: $21,530,253 (it was $20,604,537 in 2010)
This organization: 

 $21,530,253
Other organizations performing similar types of work: 

 $144,366

Financial snapshot ($)

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,007,250$0$0
Contributions, gifts, grants, etc., received$1,007,250
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$81,534$0$1,471$72,299
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$15,534$0$6,299
Contributions, gifts, grants paid$66,000
Excess of revenue over expenses and disbursements$925,716
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$21,530,253$21,530,271
Cash - non-interest-bearing$26,807
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$21,503,446
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$21,530,253
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?Yes
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?Yes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$10,914
Net value of noncharitable-use assets$10,760
Minimum investment return$538
Distributable Amount (for 2011)
Distributable amount$0
Undistributed Income (for 2011)
Distributable amount for 2011$0
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$19$19
Qualifying distributions made directly for active conduct of exempt activities$6,299$6,323$11,527$7,893$32,042
Value of all assets$21,530,253$20,604,537$13,405,683$13,400,631$68,941,104
Value of assets qualifying under section 4942(j)(3)(B)(i)$21,503,441$20,603,718$13,403,995$13,400,303$68,911,457
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Newseum Inc555 Penn Ave Nw, Washington, DC 20001-2114DC2006-03$63,800,977
2Eiteljorg Museum Of American Indians And Western Art Inc500 W Washington St, Indianapolis, IN 46204-2707IN1985-08$27,807,487
3Experience Learning Community, Experience Music Project300 8th Ave N, Seattle, WA 98109-5116WA1994-09$13,989,030
4Georgia Museums IncPO BOX 3248, Cartersville, GA 30120-1705GA2004-12$12,085,513
5Shelburne Museum IncorporatedPO BOX 10, Shelburne, VT 05482-0010VT1949-07$10,042,102
6National Museum Of Wildlife Art Of The United States, National Museum Of Wildlife ArtPO BOX 6825, Jackson, WY 83002-6825WY1986-11$8,309,517
7Wildlife Experience Inc10035 S Peoria St, Parker, CO 80134-9600CO1999-09$7,908,382
8Childrens Museum Of PhoenixPO BOX 2439, Phoenix, AZ 85002-2439AZ1999-05$2,978,445
9The Ogden Museum Of Southern Art IncPO BOX 30706, New Orleans, LA 70190-0706LA2003-05$2,935,381
10Rufus F Hardin Museum IncPo Box 1968, Brownwood, TX 76804-1968TX1999-04$27,055
11Commemorative Air ForcePO BOX 62000, Midland, TX 79711-2000TX2009-04$15,869,671
12Austin ZooPO BOX 91808, Austin, TX 78709-1808TX1999-12$1,457,544
13Jean And Graham Devoe Willifordcharitable Trust, John R Williford TteePO BOX 877, Fairfield, TX 75840-0016TX2007-08$1,119,213
14Austin Rock And Roll Car Museum Inc409 W Monroe St, Austin, TX 78704-3025TX2008-09$1,007,250
15Center For African American Military History Inc, Buffalo Soldiers National Museum &3816 Caroline St, Houston, TX 77004-3912TX2001-09$927,713
16Cypress Creek Fine Art Association6815 Cypresswood Dr, Spring, TX 77379-7705TX2004-06$855,903
17National Center For Childrens Illustrated Literature102 Cedar St, Abilene, TX 79601-5718TX1998-02$589,423
18Pacific Prowler NonprofitPO BOX 1753, Joshua, TX 76058-1753TX2008-09$568,389
19Battleship Texas Foundation Inc9320 Westview Dr Ste 9, Houston, TX 77055-6414TX1995-01$557,053
20National Vietnam War Museum IncPO BOX 146, Mineral Wells, TX 76068-0146TX1999-07$444,824
21Texas Cowboy Hall Of Fame Inc128 E Exchange Ave 100, Fort Worth, TX 76106-8210TX2003-12$405,640
22Northeast Texas Childrens MuseumPO BOX 994, Commerce, TX 75429-0994TX1997-07$197,724
23Air Rescue Museum2001 Holcombe Blvd Unit 2105, Houston, TX 77030-4217TX2006-03$164,997
24Friends Of The Austin Planetarium3925 W Braker Ln, Austin, TX 78759-5316TX2004-02$158,206
25Cavalla Historical Foundation2504 Church St, Galveston, TX 77550-1709TX1999-10$152,751
26Ov-10 Bronco Association IncPO BOX 161966, Fort Worth, TX 76161-1966TX1998-11$132,302
27Houston Masonic Library And Museum FoundationPO BOX 941771, Houston, TX 77094-8771TX2003-10$122,573
28Icmt1111 Hermann Dr Ste 26 F, Houston, TX 77004-6932TX2000-11$73,816
29Military Firefighter Heritage FoundationPO BOX 60241, San Angelo, TX 76906-0241TX2001-09$54,658
30National Roller Coaster Museum And ArchivesPo Box 5424, Arlington, TX 76005TX2001-05$41,015
Number of organizations performing similar types of work
Alaska13
Alabama32
Arkansas25
Arizona38
California255
Colorado59
Connecticut36
District of Columbia14
Delaware10
Florida115
Georgia63
Hawaii17
Iowa49
Idaho17
Illinois71
Indiana63
Kansas44
Kentucky35
Louisiana37
Massachusetts63
Maryland45
Maine33
Michigan60
Minnesota40
Missouri57
Mississippi33
Montana13
North Carolina57
North Dakota12
Nebraska21
New Hampshire15
New Jersey50
New Mexico27
Nevada19
New York163
Ohio96
Oklahoma55
Oregon48
Pennsylvania90
Rhode Island9
South Carolina35
South Dakota12
Tennessee39
Texas198
Utah26
Virginia63
Vermont12
Washington64
Wisconsin58
West Virginia21
Wyoming12
International5
Total2,544

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