The Shelby American Collection
Nonprofit profile at a glance
- EIN
- 841366547
- IRS 990 coverage
- 2016–2025
- Forms available
- Form 990 2025, Form 990-PF 2015
- Location
- Boulder, CO, USA
- Phone
- 3035275801
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $3,773,906
- Expenses
- $2,521,919
- Assets
- $5,710,596
- Liabilities
- $832,183
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Steven B Volk (President)
Highest reported compensation
- Steven B Volk (President): $40,000 total reported compensation
- Lisa M Volk (VP/Secretary): $12,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
Operating model
- Revenue model
- Other-operating. 92% of the money available for current operations came from other operating revenue.
- 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.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 90
- Accountability: 0
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.7%; rating input score 63
- Program expense ratio: 91.8%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
- Governance controls: 0 of 9 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 33.2%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 2.26; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 2.1%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: 24.4% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 24.8% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 14.7% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 62.7% of revenue deployed · 91.8% of spending went to programs
- Governance: 0 of 2 board members independent · 0 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.3M in reported program spending
- Leadership: top reported pay $40K · 2 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules
- Filing history: 9 filing years from 2016 to 2025
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 8 of 8 not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.