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National Corvette Museum Foundation
National Corvette Museum Foundation reported $19.5 million in revenue and $17.0 million in expenses for calendar year 2024. Of every $100 it spent, $61.22 went to program services, $37.61 to management and general costs and $1.17 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 36.3% of the total. The highest compensation it reported for one person was $329,856 (CEO/PRESIDENT (PARTIAL YEAR)). 10 people received more than $100,000 in reportable compensation. Revenue rose 38% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $19MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 61.2% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 37.6% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 9.1% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 36.3% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $329,856 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.94% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 10 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 55.9 | 36.6 |
| Independent voting board members Part VI 1a–1b | 18 of 18 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseTours and exhibits: the National Corvette Museum Foundation provided educational tours to 217,000 guests in 2024, including more than 5,200 students who participated in a school or educational visit. Tour highlights include the mcmichael family education gallery, which provides hands-on inspiration for future designers and engineers. The driven by design exhibition includes oral histories on the design and development of corvette alongside design prototypes that educate and explain the design process, from sketch to production corvette
Special events programs: 6,437 people participated in the special events programs in 2024. This included educational seminars, panel discussions and presentations from engineers, designers and other experts in their fields. This program uses a significant number of volunteers also to assist in running the activities and seminars
Delivery: the delivery program brings new corvette owners to the museum so that they can learn about the history of the corvette, and learn about the proper operation of their vehicle. They are given a tour of the corvette assembly plant (when available) to educate them on the manufacturing process and also given a hands-on demonstration of the features of the corvette. Those involved in the delivery program include the staff who prepare the car (pdi) and the staff who provide the tours and demonstrations
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO/PRESIDENT (PARTIAL YEAR) Officer, 40.00 hrs/week | $326,640 | $0 | $3,216 | $329,856 |
| DIRECTOR OF HR & BUSINESS Officer, 40.00 hrs/week | $172,472 | $0 | $14,699 | $187,171 |
| INTERIM COO Officer, 40.00 hrs/week | $168,637 | $0 | $14,431 | $183,068 |
| DIRECTOR OF MARKETING & COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $137,349 | $0 | $12,857 | $150,206 |
| IT OPERATIONS MANAGER Highest compensated employee, 40.00 hrs/week | $130,559 | $0 | $12,534 | $143,093 |
| FINANCIAL PLANNING & ANALYSIS MANAGER Highest compensated employee, 40.00 hrs/week | $117,058 | $0 | $11,858 | $128,916 |
| DIRECTOR OF CURATORIAL AFFAIRS AND EDUCATION Highest compensated employee, 40.00 hrs/week | $111,130 | $0 | $8,097 | $119,227 |
| ACCOUNTING MANAGER Highest compensated employee, 40.00 hrs/week | $103,144 | $0 | $9,708 | $112,852 |
10 people received more than $100,000 in reportable compensation from National Corvette Museum Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $819K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5259
- Volunteers Part I, line 6465
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SUNBELT CONSTRUCTION INC Construction | $765,080 |
| MEDIAONE NORTH AMERICA LLC Advertising | $351,600 |
| INSIGHT ADVERTISING Advertising | $142,502 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to National Corvette Museum Foundation totaling $3,733 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from National Corvette Museum Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for National Corvette Museum Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 National Corvette Museum Foundation spent in 2024, $61.22 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Phoenix Theatre Company and SubsidiaryPhoenix, AZ · revenue $19M · programs 84.6% · FY2025
- The Virginia Arts FestivalNorfolk, VA · revenue $19M · programs 79.2% · FY2025
- Oregon Symphony AssociationPortland, OR · revenue $19M · programs 82.0% · FY2025
- National Coast Guard Museum AssociationNew London, CT · revenue $19M · programs 38.6% · 2024
- Pacific Science Center FoundationSeattle, WA · revenue $19M · programs 72.3% · FY2025
All arts, culture & humanities charities · Largest charities in Kentucky
Questions people ask
How much of National Corvette Museum Foundation's spending goes to programs?
In calendar year 2024, National Corvette Museum Foundation reported that 61.2% of its $17.0 million in expenses went to program services, 37.6% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does National Corvette Museum Foundation pay its top executive?
The largest total compensation National Corvette Museum Foundation reported for one person in calendar year 2024 was $329,856, for the role of CEO/PRESIDENT (PARTIAL YEAR) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does National Corvette Museum Foundation get its money?
Of $19.5 million in revenue in calendar year 2024, 9.1% came from contributions and grants and 36.3% from program service revenue (Form 990, Part VIII).
Is National Corvette Museum Foundation a registered charity?
The IRS lists EIN 74-2519972 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513039349302646 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443179349303844 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343069349301119 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213159349302141 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103159349307785 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013159349300936 · read the filing
All filings for EIN 74-2519972: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.