2024-10-17T13:36:39-07:00 2023-12-31 990 2023-01-01 911867848 LEMAY-AMERICAS CAR MUSEUM LEMA 2537798490 2702 East D Street Tacoma WA 98421 David Madeira Vice Chair 2537798490 2024-10-17 1 2023 2024-10-15 13:58:12Z Gary Yamamoto 2702 East D Street Tacoma WA 98421 5386473 0 X www.americascarmuseum.org X 1997 WA To preserve and interpret the history and technology of the automobile and its influence on American culture. 41 37 61 191 0 0 2069996 2953909 1665669 1970036 19500 10132 152335 199327 3907500 5133404 11250 620 0 0 2079987 2505771 0 0 216207 2105766 2826931 4197003 5333322 -289503 -199918 51339953 51230926 7377959 7526374 43961994 43704552 The LeMay America's Car Museum preserves and interprets the history and technology of the automobile and its influence on American culture. The museum is dedicated to securing and interpreting the valuable LeMay Collection and to acquiring, preserving and interpreting additional artifacts that explore broad themes of American mobility and lifestyle in an instructive and entertaining manner. 0 0 351711 0 1429566 Guest Services: The Museum creates an active, involved and social environment for car enthusiasts. It provides engaging and entertaining exhibitions for a broad spectrum of the community, a retail store which includes educational materials and a café. To enhance the visitor experience, the Museum offers racing simulators and slot car driving. Attendance in 2023 = 75,000. 156376 0 11295 Collection: The Museum is dedicated to secure and interpret the extensive LeMay car collection as well as to acquire, preserve and interpret additional mobility collections. There are approximately 260 cars in the collection. 346462 0 64167 Exhibition: The Museum breaks the traditional design of static displays of cars by rotating exhibitions from its vast collection and showcasing auto manufacturers' achievements and future directions in design, technology and product development. The Museum opened 4 exhibits in 2023. 3436217 620 465008 The remaining programs primarily include the following: Education - An interactive center for all "students" of automotive history, restoration and preservation; and Event Sales - Patrons unable to attend the Museum during normal operating hours are offered the opportunity to view the collection during an after-hours event or group tour. During 2023, the Museum continued to increase its number of education activities and after-hour events as COVID-19 restrictions were released. 3436217 620 465008 4290766 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 58 0 1 61 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 41 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X Sandy Colt 2537798490 2702 East D Street Tacoma WA 98421 David Madeira Vice Chair & CEO,AAT 0.50 39.50 X X 0 333197 26972 Paul E Miller Sr Vice President, AAT 30 10 X X 0 221023 35512 Gary Yamamoto Exec Director, ACM 30 10 X X 166310 0 24438 Sandy Colt Controller 20 20 X 0 133651 16888 Gabe Mosse Director of Development 10 30 X 0 117552 9238 Chery Phillips HR Manager 20 20 X 0 111280 11303 Diane Flis-Schneider Advancement Officer 10 30 X 0 104630 13697 Nick Ellis Exec Director, RPM 0.50 39.50 X X 0 97639 15193 Nate Wambold Advance Officer - Eastern Region 0 40 X 0 112144 0 B Corry McFarland Past Chairman 0.50 0.65 X X 0 0 0 William Weyerhaeuser Vice Chair 0.50 0.65 X X 0 0 0 Tom Hedges Board Member 0.50 0.50 X 0 0 0 Stephen Boone Board Member 0.50 0.50 X 0 0 0 McKeel Hagerty Board Member 0.50 0.50 X 0 0 0 George Ingle Board Member 0.50 0.50 X 0 0 0 Doug LeMay Board Member (Emeritus) 0.50 0.50 X 0 0 0 Nancy LeMay Board Member (Emeritus) 0.50 0.50 X 0 0 0 James Gary May Board Member 0.50 0.65 X 0 0 0 Jamie Will Board Member 0.50 0.50 X 0 0 0 Dale Bloomquist Board Member 0.50 0.50 X 0 0 0 Manfred Scharmach Board Member 0.50 0.50 X 0 0 0 Michael J Phillips Board Member 0.50 0.50 X 0 0 0 Gerald Greenfield Board Member 0.50 0.65 X 0 0 0 T G Mittler Board Member 0.50 0.65 X 0 0 0 Michael Towers Chairman 0.50 0.65 X X 0 0 0 John Barline Board Member (Emeritus) 0.50 0.50 X 0 0 0 Tom Nault Board Member 0.50 0.50 X 0 0 0 Dawn Fisher Board Member 0.50 0.50 X 0 0 0 Nicola Bulgari Board Member (Emeritus) 0.50 0.50 X 0 0 0 Rod Alberts Board Member 0.50 0.50 X 0 0 0 Alan Granberg Board Member 0.50 0.65 X 0 0 0 Trevor Cobb Treasurer 1 0.65 X X 0 0 0 Frank Chang Board Member 0.50 0.50 X 0 0 0 Michael Holmes Board Member 0.50 0.65 X 0 0 0 Marwan Kashkoush Board Member 0.50 0.50 X 0 0 0 Keith Flickinger Board Member 0.50 0.65 X 0 0 0 Steve Saleen Board Member 0.50 0.50 X 0 0 0 Ike Eisenhart Board Member 0.50 0.50 X 0 0 0 Alan Gross Board Member 0.50 0.50 X 0 0 0 Paul Sabatini Board Member 0.50 0.50 X 0 0 0 Sam E Baker Jr Secretary 0.50 0.65 X X 0 0 0 Al Ruozzi Board Member 0.50 0.50 X 0 0 0 Jonathan Shaw Board Member 0.50 0.50 X 0 0 0 Gary Gartner Vice Chair 0.50 0.65 X X 0 0 0 Doug Clark Board Member 0.50 0.50 X 0 0 0 Jason Wenig Board Member 0.50 0.50 X 0 0 0 166310 1231116 153241 1 0 1 0 0 0 0 1301818 482255 1169836 169083 2953909 Admissions 712110 1334506 1334506 0 0 Guest Services 712110 191706 191706 0 0 Tours & Events 712110 349686 349686 0 0 94138 94138 0 0 1970036 0 0 0 122559 0 112427 0 10132 10132 0 0 10132 0 339969 140642 199327 0 0 199327 0 5133404 1970036 0 209459 620 620 0 0 0 0 0 0 306857 67092 239765 0 0 0 0 0 1640089 1453921 185564 604 150627 32495 118132 0 197946 173822 24124 0 210252 171285 38967 0 0 0 0 0 0 0 0 0 19600 0 19600 0 47625 0 47625 0 0 0 0 0 0 0 142061 130206 11855 0 241069 232015 9054 0 145346 125520 19826 0 40795 35243 5552 0 0 0 0 0 94257 94257 0 0 41104 22049 19055 0 0 0 0 0 0 0 0 0 104992 104854 138 0 215603 0 0 215603 1016180 1015540 640 0 131910 67161 64749 0 Repair & Maintenance 177989 170906 7083 0 Cultivation & Events 68672 62512 6160 0 Exhibition Costs 193192 193192 0 0 146536 138076 8460 0 5333322 4290766 826349 216207 1122803 1224149 455780 96849 2711370 2838694 1524552 2534479 0 0 2049304 2001014 438099 361076 59746 53656 51814264 13374646 39417402 38439618 3560897 3681391 51339953 51230926 386072 787558 6030894 5776711 960993 962105 7377959 7526374 X 40768939 39795829 3193055 3908723 43961994 43704552 51339953 51230926 X -199918 0 0 0 0 -57524 X 0 1 X 1 0 X 1440082 2117986 2614862 2069996 2953909 11196835 0 0 0 0 0 0 0 0 0 0 0 0 1440082 2117986 2614862 2069996 2953909 11196835 2802966 8393869 0 0 0 0 0 0 0 0 0 0 0 0 11196835 7472515 0.74966 0.76369 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 47625 47625 5285697 5333322 416666 104167 0 0 0 317834 359850 416666 1094350 1641525 0 10000 28000 47625 85625 0 79459 89963 104167 273589 410384 0 0 0 0 0 0 200000 X X X X 1 30000 500000 0 0 0 0 530000 20000 10000 0 0 0 0 30000 20000 0 0 0 0 0 20000 20000 0 0 0 0 0 20000 20000 0 0 0 0 0 20000 0 1 0 0 0 0 14788191 14788191 0 26472592 8830498 17642094 0 1351843 1002424 349419 0 3553603 3343134 210469 0 5648035 198590 5449445 38439618 Classic and Antique Cars - Non Accessed 3681391 3681391 0 Due to Related Entities 962105 962105 X 5123265 0 0 0 0 0 5123265 0 10139 10139 5133404 5390840 0 0 0 0 0 5390840 0 -57518 -57518 5333322 Schedule D, Part III, Line 1 The Museum's collection consists of automobiles and other memorabilia that are held for education and curatorial purposes. The Museum has policies in place to ensure that the collection is adequately displayed, stored, protected, and maintained. The collection has been acquired through purchases and contributions since the Museum's inception. The Museum has adopted a policy of not capitalizing the collection in its financial statements. Accordingly, no collection items are recognized as assets, whether they are purchased or received as a donation. Purchases of collection items reduce net assets in the period when purchased. Proceeds from sales or insurance recoveries are recorded as increases in net assets when received. It is the policy of the Museum that proceeds from the sale of any collection items are to be used to purchase additional collection items. Schedule D, Part III, Line 4 The LeMay car collection serves as a showcase for auto manufacturers' achievements and future direction in design, technology and product development. The cars are used in the interactive educational center for interpreting automotive history and demonstrating restoration and preservation. Schedule D, Part V, Line 1b The Museum interprets the accounting as cash basis by the IRS' use of "contribution received" in its instructions. Schedule D, Part V, Line 4 General Operations. Schedule D, Part X, Line 2 The Museum evaluates its uncertain tax positions and a loss contingency is recognized only when it is more likely than not the tax position will not be sustained on examination by tax authorities, based on technical merits of the position. The Museum recognizes interest and penalties related to income tax matters in income tax expense, if applicable. As of December 31, 2023, the Museum is not aware of any uncertain tax positions that require accrual. Schedule D, Part XI, Line 4b Gain on Valuation of Assets Schedule D, Part XII, Line 4b Bad Debt Expense X X 0 0 0 0 0 0 0 1 0 David Madeira Vice Chair & CEO,AAT 0 283197 0 50000 0 0 0 26972 0 0 0 360169 0 0 Paul E Miller Sr Vice President, AAT 0 196023 0 25000 0 0 0 18056 0 17456 0 256535 0 Gary Yamamoto Exec Director, ACM 166310 0 0 0 0 0 16040 0 8398 0 190748 0 0 0 Sandy Colt Controller 0 133651 0 0 0 0 0 6828 0 10060 0 150539 0 0 Schedule J, Part I, Line 3 The Board of Director's responsibility is to provide for an appropriate executive compensation policy. The organization's executive compensation policy is intended to ensure that the organization remains competitive with similar institutions in terms of salary, fringe benefits, and provision of professional development opportunities. The policy is also intended to ensure that the executive and professional compensation is not "excessive" as defined by the Internal Revenue Service regulations currently in effect. Schedule J, Part I, Line 7 The CEO's, VP of Finance's and Senior Vice President's employment contracts provide for a performance-based bonus paid at a pre-determined amount at the discretion of the board each year. X 5 120494 FMV X Parts & Supplies 9 48589 FMV 6 0 1 1 Schedule M, Part I, Line 32b The Museum uses Lucky Auctions to sell its cars held for resale. Form 990, Part VI, Section A, Line 2 Nancy and Doug Lemay, board directors, have a family relationship. Several board members have outside business relationships with each other. None of these businesses have a relationship with LeMay - America's Car Museum. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the finance committee, sent to the VP of Finance for final approval and then made available to the remainder of the board before IRS submission. Form 990, Part VI, Section B, Line 12c Each year at the annual meeting of the board of directors, the chairman reviews the Conflict of Interest Policy. He/she informs the board of any contracts or relationships which may contain a potential conflict. Board members associated with the potential conflict of interest are asked to leave the room during any discussions and voting on of the transaction. Board members sign their own Conflict of Interest Statement. The executive assistant ensures all statements are completed and filed from each board member. Form 990, Part VI, Section B, Line 15 The VP of Finance's wages are reviewed each year by the Vice Chair, using the associated market surveys and overall performance for the year. The VP of Finance's wages were last adjusted in 2023. Other management wages are reviewed by the VP of Finance and adjusted according to market surveys every 3-4 years, depending on when the last review was conducted. Form 990, Part VI, Section C, Line 19 The organization's conflict of interest policy is available upon request and financial statements and Form 990 are available on the organization's website. Form 990, Part XI, Line 9 Bad Debts LeMay Dome Parking Association 2702 East D Street Tacoma WA 98421 272511735 Operates parking facilities surrounding museum WA 501(c)(3) 509(a)(3) Type1 LeMay-Americas Car Museum 1 Harold E Lemay Museum 2702 East D Street Tacoma WA 98421 272511537 Owns building leased by museum WA 501(c)(3) 509(a)(3) Type1 LeMay-Americas Car Museum 1 RPM Foundation 2702 East D Street Tacoma WA 98421 202102643 Supports America's Automotive Trust's mission WA 501(c)(3) 509(a)(3) Type 1 America's Automotive Trust 1 Americas Automotive Trust 2702 East D Street Tacoma WA 98421 814337717 Fundraising WA 501(c)(3) 509(a)2 N/A 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 LeMay Dome Parking Association d 2001014 FMV Americas Automotive Trust c 1301818 FMV Americas Automotive Trust o 215603 FMV