The Shelby American Collection

EIN: 841366547 501(c)(3) Arts, Culture & Humanities

Boulder, CO

Total Revenue
$1,373,637
Total Expenses
$1,281,518
Total Assets
$3,596,813
Net Assets
$3,557,205
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
CO
Principal Officer
Steven B Volk
Phone
3035275801
Tax Period
2024-01-01 to 2024-12-31

The Shelby American Collection, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 7% surplus.

Mission

The Shelby American Collection celebrates the rich heritage of the Cobra, Shelby Mustang and Ford GT 40 cars that changed the face of auto racing in the 1960s.Thanks to the generosity of owners and collectors, we have some of the most important American cars ever made on display at our Boulder museum, along with an extensive collection of race records, period photographs, memorabilia and tributes to the pioneer drivers and visionaries of the era including Carroll Shelby, Ken Miles, Dan Gurney, Bob Bondurant, Phil Hill, Phil Remington and other Shelby American Team members.The museum and this website are dedicated to serve as a resource for all enthusiasts, and to memorialize & preserve one of the most important eras in American automotive history for all generations.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $128,051
Program Service Revenue $61,911
Investment Income $26,038
Other Revenue $1,157,637
TOTAL REVENUE $1,373,637

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,503
Fundraising Expenses $0
Program Expenses $1,038,661
Other Expenses $1,190,015
TOTAL EXPENSES $1,281,518

Year-over-Year Comparison

2024 2023 Change
Revenue $1,373,637 $1,195,742 +0.1%
Expenses $1,281,518 $817,237 +0.6%
Net Income $92,119 $378,505 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
N/A
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$40,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven B Volk President 13.00
Officer
$40,000 $0 $40,000
Lisa M Volk VP/Secretary 4.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,373,637 $1,281,518 $3,596,813 $92,119
2023 $1,195,742 $817,237 $3,391,766 $378,505
2022 $1,260,199 $852,954 $2,935,972 $407,245
2021 $1,182,507 $764,781 $2,622,183 $417,726
2020 $1,017,613 $550,812 $2,197,583 $466,801
2019 $591,350 $396,426 $1,731,812 $194,924
2018 $325,199 $363,600 $1,539,805 $-38,401
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