Early Ford V-8 Foundation Inc

Overview

Mission

The organization exists to collect, preserve, exhibit and interpret the history and heritage of the products manufactured by the ford motor company between 1932 and 1953. Since moving the organization to Indiana in 2009 they have continued to expand not only the car collection but the collection of printed material, films and historical information on the ford motor company. The original structure was 8,000 sq ft. With the size of the collection expanding to 37 - 40 cars, the organization implemented a plan beginning in july 2017 to expand the size of the building to add an additional 25,000 sq ft. This addition was completed in early 2019 and includes 10,000 sq ft which is used for a collection of eighteen 1936 ford automobiles. The addition includes a 1940 ford service garage replica. A 1/4 scale replica of the ford rotunda as first displayed at the 1934 world's fair in chicago is also a highlight of the addition. In 2023, the organization completed costruction and had a grand openin

Operating model

Revenue model

Donor-supported. 87% of the money available for current operations came from contributions and gifts.

Distribution model

Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

• Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

• Financial Efficiency: 61
• Transparency & Controls: 86
• Accountability: 94
• Sustainability: 78
• Growth: 100

Detailed rating inputs

Details

• Where the money goes: 52.5% of revenue deployed · 78.6% of spending went to programs
• Governance: 14 of 14 board members independent · 6 of 7 filing controls reported
• Programs: 1 filed program accomplishment · $672K in reported program spending
• Leadership: top reported pay $50K · 16 people listed
• Consistency: 26 of 27 current checks pass · 1 finding to review
• Schedules: 5 filed schedules · includes major donors
• Filing history: 12 filing years from 2012 to 2024
• Contacts: How to reach this organization
• Money network: 2 filed money-flow records
• Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
• People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

• Review — Financial Efficiency: Mission deployment rate scored 52/100.
• Review — Financial Efficiency: Fundraising efficiency scored 52/100.
• Review — Accountability: Governance controls: Independent financial-statement audit not reported.
• Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
• Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
• Moderate — Sustainability: Officer compensation ratio scored 42/100.