500 Museum of Wheels Inc
500 Museum of Wheels Inc is a private foundation focused on Arts, Culture & Humanities, based in Terre Haute, IN. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $1.5M in total assets. In 2026, it awarded 2 grants totaling $6K. Net investment income was $91K.
Key facts about 500 Museum of Wheels Inc
In short: 500 Museum of Wheels Inc gave $6K across 2 grants in 2026 (avg $3K), mostly in Indiana. Source: 2026 IRS Form 990-PF.
- EIN
- 20-5209830
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $5,500
- Grants made (2026)
- 2
- Average grant
- $2,750
- Median grant
- $2,750
- Total assets
- $1,516,896
- Primary geography
- Indiana (100% of itemized 2026 grant dollars)
Data from IRS Form 990-PF, 2026; updated October 2026.
Financial Overview
From 2026 IRS Form 990-PF · View filing
Total Assets
$1.5M
+0.9% YoY
Annual Giving
$6K
Grant Count
2
Avg Grant Size
$3K
Under IRS private-foundation payout rules, 500 Museum of Wheels Inc reported a distributable amount of $69K for 2026 — the minimum it must pay out in qualifying distributions.
How 500 Museum of Wheels Inc gives
- Giving fell 92% from 2023 to 2026. Method
- In 2026 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $6K (2026) to $71K (2021). In 2026 it made 2 grants totaling $6K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2026
The largest 2026 recipient was Indianapolis Motor Speedway Foundation ($5K). Together the top 2 received $6K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Indianapolis Motor Speedway Foundation Indianapolis, IN | For museum support | $5,000 |
| 500 Festival Foundation Indianapolis, IN | For festival support | $500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $1,516,896 | $1,502,744 | $1,471,318 |
| Revenue | $94,822 | $93,400 | $46,582 |
| Expenses | $80,670 | $61,974 | $103,105 |
| Qualifying Distributions | $61,766 | $52,038 | $91,980 |
| Net Investment Income | $90,712 | $85,773 | $35,457 |
| Distributable Amount | $68,734 | $68,306 | $79,378 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 9, 2026)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
500 Museum of Wheels Inc is led by Jeffrey B Smith, President on every filing since 2021; none of the 3 officers listed in 2026 report compensation.
Officers on the 2026 filing
Jeffrey B Smith
President
On filings since 2021
1 hr/week
No compensation reported
Henry T Smith
Vice President
On filings since 2021
5 hrs/week
$12K (2021) → $0 (2026)
Virginia L Smith
Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $24K, to Henry T Smith (Vice President).
Frequently asked questions about 500 Museum of Wheels Inc
How much does 500 Museum of Wheels Inc give each year?
500 Museum of Wheels Inc gave $6K across 2 grants in 2026, according to its 2026 IRS Form 990-PF.
How large is 500 Museum of Wheels Inc?
500 Museum of Wheels Inc reported $1.5M in total assets on its 2026 IRS Form 990-PF. It paid out $62K in qualifying distributions that year, against a required minimum of $69K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is 500 Museum of Wheels Inc?
500 Museum of Wheels Inc is a private foundation focused on Arts, Culture & Humanities, based in Terre Haute, IN. It holds $1.5M in total assets as of 2026.
Where does 500 Museum of Wheels Inc operate?
500 Museum of Wheels Inc has awarded grants in Indiana.
What is 500 Museum of Wheels Inc's EIN?
500 Museum of Wheels Inc's EIN (Employer Identification Number) is 20-5209830. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching 500 Museum of Wheels Inc by hand.
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