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HOOVER, AL

Barber Vintage Motorsports Museum

Quick Facts

EIN
631125485
Location
HOOVER, AL
Category
Arts & Culture
Total Assets
$120.2M
Annual Income
$24.1M
IRS Ruling Year
1996
Organization Type
Corporation
Principal Officer
% George W Barber Jr
Tax Deductibility
Contributions are deductible

About This Foundation

Barber Vintage Motorsports Museum is a private corporation based in HOOVER, AL. The foundation received its IRS ruling in 1996. The principal officer is % George W Barber Jr. It holds total assets of $120.2M. Annual income is reported at $24.1M. The foundation operates in the area of arts & culture. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$10M

2023+7%

Total Assets

$106.6M

2023+9%

Fair Market Value

$108.4M

2023

Net Worth

$106.3M

2023

Grants Paid

$0

2023

Contributions

$8.8M

2023

Net Investment Income

$5M

2023

Distribution Amount

$0

2023

Total Giving by Year

$5.6M
11
$5.7M
12
$5.8M
13
$7.6M
14
$8.7M
19
$8.2M
20
$10.9M
21
$9.4M
22
$10M
23

Asset Growth

$60.1M
11
$59.4M
12
$59.7M
13
$62M
14
$86.8M
19
$86.1M
20
$96.9M
21
$98.1M
22
$106.6M
23

Investment Portfolio (2023)

Total: $17.6M

Corporate Stock: $17.6M
Other Investments: $84
Cash: $7.3M
Corporate Stock (71%)
Other Investments (0%)
Cash (29%)

Expense Breakdown (2023)

Depreciation$2.9M
Officer Compensation$436K
Pension & Benefits$313K
Travel & Conferences$75K
Accounting Fees$25K
Occupancy$1K

Revenue Sources (2023)

Contributions
$8.8M
Gross Rents
$7.1M
Other Income
$2M
Dividends
$366K
Interest
$308K
Business Profits
$299K
Capital Gains (Net)
$-144,018

Financial Details (2023)

Total Revenue
$18.7M
Total Expenses
$10M
Exempt Purpose Expenses
$5M
Required Distribution
$0
Undistributed Income
$0
Total Liabilities
$272K
Excise Tax
$70K
Tax Due
$8K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

6

Total Giving

$16K

Average Grant

$3K

Median Grant

$192.5

Total Giving by Year

$10K (2 grants)
20
$5K (2 grants)
21
$254 (2 grants)
22

Grant Range

Min$99
Max$10K
Median: $192.5
Smallest grantLargest grant

Openness to New Grantees (2022)

50%

of 2022 grantees were first-time recipients

Geographic Distribution of Grants

AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
CA: $469 (3)
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
AL: $10K (1)
GA
GA: $155 (1)
FL
FL: $5K (1)
HI
TX
AL$10K (1)
FL$5K (1)
CA$469 (3)
GA$155 (1)

Past Grantees

RecipientLocationAmountYear
Pediatric Brain Tumor Foundation Of The United States IncRIDE FOR KIDSAtlanta, GA$1552022
Movember FoundationGENERAL FUNDCulver City, CA$992022
Mount Dora Community TrustRICH CRITTERSMount Dora, FL$5K2021
Movember FoundationGENERAL FUNDCulver City, CA$2302021
Doc Bundy Medical Expense FundASSIST IN MEDICAL EXPENSES OF FORMER RACER DOC BUNDYNone, AL$10K2020
Movember FoundationGENERAL FUNDCulver City, CA$1402020

990-PF Filings

Tax PeriodReturn TypeView
2023-12990PFView Filing
2022-12990PFView Filing
2021-12990PFView Filing
2020-12990PFView Filing

Filings sourced from IRS e-file index. View all on ProPublica

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