Studebaker National Museum Inc
Nonprofit profile at a glance
- EIN
- 351555535
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- South Bend, IN, USA
- Phone
- 5742359714
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Museum, Museum Activities
Reported finances
- Revenue
- $1,359,237
- Expenses
- $1,358,502
- Assets
- $2,803,428
- Liabilities
- $171,469
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
46 people listed
Executive titles in this filing
- MICHAEL KENDZICKY (PRESIDENT EM)
- MARK MCDONNELL (PRESIDENT EM)
- WILLIAM PANZICA (PRESIDENT)
Highest reported compensation
- PATRICK SLEBONICK (EXECUTIVE DI): $112,959 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To be a center for the interpretation of history, design, and innovation that connects and inspires the community and enthusiasts around the world. This is accomplished through programming, active collecting, and the display of vehicles, archival materials, and artifacts that showcase the local and global influence of studebaker and related industrial innovators.
What it reported doing in 2024
To collect, preserve and interpret a collection of vehicles, archives, and artifacts that tell the story of the studebaker corporation and industrial history of the south bend region. In 2023, the museum collection consists of 135 historic vehicles, which include eight vehicles designated as national treasures. The collection also includes more than 6,000 objects, 70 tons of studebaker corporate archival material, and 150 hands-on educational objects. Our facilities are comprised of more than 35,000 square feet of exhibition space and 10,000 square feet of storage space. Staff members curate new permanent collection displays, temporary exhibitions, and educational programming which provide context and relevance for our guests. Each year, the museum welcomes more than 40,000 guests through its doors and reaches millions of people through its digital programming. The museum is committed to ensuring equitable access to its world-class collection and programming days through programs like "museums for all", "blue star museums", and a number of free community days per year.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 91
- Accountability: 100
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.6%; rating input score 71
- Program expense ratio: 70.6%; rating input score 71
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.2%; rating input score 88; 3rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.1%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 2.06; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 8.3%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 70.6% of revenue deployed · 70.6% of spending went to programs
- Governance: 31 of 31 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $959K in reported program spending
- Leadership: top reported pay $113K · 46 people listed
- Consistency: 33 of 35 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes major donors and related organizations
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Sustainability: Operating margin scored 36/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX OtherSalariesAndWages column sum did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.