EIN 26-0056922

Lane Motor Museum

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
2002
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Lane Motor Museum is a private foundation whose purpose is the acquisition and preservation of a mostly European collection of automobiles built from 1940-1990. The collection houses unique and oddball vehicles as well as more common ones. It is located in Nashville, TN.
Total revenues
$4,096,040
2023
Total expenses
$2,508,420
2023
Total assets
$14,551,773
2023
Num. employees
6
2023

Program areas at Lane Motor Museum

The acquisition and preservation of a mostly european collection of automobiles built from 1940-1990. The collection houses unique cars not typically seen in the u.s. It represents a broad cross-section of vehicles-30 marques representing at least eight countries (france, germany, czech, great britain, holland, italy, japan, and the u.s.). It includes the largest tatra collection outside europe, a substantial micro car selection, amphibious vehicles, competition cars, electric/ battery powered cars, military vehicles, and a collection of motorcycles. This is a working Museum, the goal of which is to maintain all the vehicles in a running condition. Efforts are made to restore each vehicle to near original specifications. The Museum is available to the public, as well as students, civic oranizations, and car clubs for educational purposes. Displays detail the cars and the origin of the car company/founder. The Museum also houses an extensive collection of car-related artwork.
In 2023, the Museum rented certain props to a production set for a video shoot. Providing period appropriate props for a video that will be released to the public furthers the Museum's educational mission.
The mission of the Lane Motor Museum is to educate the public about the history of transportation using an eclectic and technically interesting collection of cars and other transportation-related items. The Museum itself is the central way this goal is accomplished. An admission fee is collected from visitors to the Museum.
The Lane Motor Museum periodically holds rally events that allow the public to learn more about certain vehicles in the collection by getting to see them in motion. The opportunity to see the vehicles in motion and to get to try driving them is an educational event that furthers the stated mission of the organization.
The Lane Motor Museum operates a small gift shop in the Museum that offers materials that further the educational mission of the organization.

Personnel at Lane Motor Museum

NameTitleCompensation
Jeff LanePresident$0
Gregory CostonRestoration Shop Manager$68,560
Derek MooreRestoration Shop$84,352
David YandoSecretary$86,510

Financials for Lane Motor Museum

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,674,346
Investment income and dividends$273,875
Net rental income$0
Net gain from sale of non-inventory assets$-98,935
Gross sales of inventory$88,924
Miscellaneous revenues$1,157,830
Total revenues$4,096,040

Form 990s for Lane Motor Museum

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-15990PFView PDF
2022-122023-05-15990PFView PDF
2021-122022-07-05990PFView PDF
2020-122021-08-18990PFView PDF
2019-122020-11-18990PFView PDF
...and 8 more Form 990s

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Data update history
August 10, 2024
Posted financials
Added Form 990PF for fiscal year 2023
July 25, 2024
Updated personnel
Identified 1 new personnel
April 30, 2024
Used new vendors
Identified 1 new vendor, including
July 24, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 9, 2023
Posted financials
Added Form 990PF for fiscal year 2022
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Arts, cultural, and humanities
Characteristics
Provides grantsState / local levelTax deductible donationsAccepts online donations
General information
Address
702 Murfreesboro Pike
Nashville, TN 37217
Metro area
Nashville-Davidson--Murfreesboro--Franklin, TN
County
Davidson County, TN
Website URL
lanemotormuseum.org/ 
Phone
(615) 742-7445
IRS details
EIN
26-0056922
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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