2024-10-17T13:34:00-07:00 2023-12-31 990 2023-01-01 814337717 AMERICAS AUTOMOTIVE TRUST AMER 2537798490 2702 East D Street Tacoma WA 98421 David Madeira Vice Chair 2537798490 2024-10-17 1 2023 2024-10-15 13:58:12Z David Madeira 2702 East D Street Tacoma WA 98421 3340608 0 X www.aat.org X 2016 WA To secure America's automotive heritage through the support of cultural institutions displaying the history and cultural significance of the automobile; supporting educational and scholarship programs to ensure the skill sets necessary to perpetuate the maintenance and restoration of historic automobiles; establishing a system for recognition of historically significant automobiles; and providing active programs to encourage utilization of historic automobiles and engage the communities that support them. 41 37 0 37 0 0 2153065 2896708 160919 132886 0 0 -232705 -77046 2081279 2952548 482297 391832 0 0 946468 1613168 0 0 2277078 1035062 1811945 2463827 3816945 -382548 -864397 749223 940832 1908897 2981000 -1159674 -2040168 America's Automotive Trust is a not-for-profit corporation committed to promoting and securing America's automotive heritage. 0 0 424819 391832 128886 America's Automotive Trust creates an active, involved and social environment for car enthusiasts. Events and programs are held several times a year on a local and national level to educate and entertain the community. 175489 0 4000 National Strategic Initiative: A focused effort to expand America's Automotive Trust's national footprint. Both The Drive Home, a caravan of cars driving from one point in the United States to Detriot, Michigan, and the Apex dinner in Detriot are held each year to showcase AAT's mission and cultivate car enthusiast beyond the west coast. 178860 0 0 Marketing: Activities include securing appropriate funding to support and promote non-profit entities that meet America's Automotive Trust's mission and providing educational information about the development of the automobile and its impact upon American culture. 0 0 0 779168 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 29 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 41 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Sandy Colt 2536833948 2702 East D Street Tacoma WA 98421 David L Madeira Vice Chair & CEO,AAT 39.40 0.60 X X 333197 0 26972 Paul E Miller Senior Vice President 9.85 30.15 X X 221023 0 35512 Gary Yamamoto VP of Finance 9.90 30.10 X X 0 166310 24438 Sandy Colt Controller 20 20 X 133651 0 16888 Gabe Mosse Director of Development 30.00 10 X 117552 0 9238 Chery Phillips HR Manager 20 20 X 111280 0 11303 Diane Flis-Schneider Advancement Officer 30 10 X 104630 0 13697 Nick Ellis Exec Director, RPM 0.50 39.50 X X 0 97639 15193 Nate Wambold Advance Officer - Eastern Region 40 0 X 112144 0 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 Sam Baker Jr Secretary 0.50 0.65 X X 0 0 0 T G Mittler Board Member 0.50 0.65 X 0 0 0 Dale Bloomquist Board Member 0.50 0.50 X 0 0 0 Steve Boone Board Member 0.5 0.50 X 0 0 0 Nicola Bulgari Board Member (Emeritus) 0.50 0.50 X 0 0 0 Trevor Cobb Treasurer 0.5 1.15 X X 0 0 0 Dawn Fisher Board Member 0.50 0.50 X 0 0 0 Alan Granberg Board Member 0.50 0.65 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 Tom Nault Board Member 0.50 0.50 X 0 0 0 McKeel Hagerty Board Member 0.50 0.50 X 0 0 0 Michael Towers Chairman 0.50 0.65 X X 0 0 0 James Will Board Member 0.50 0.50 X 0 0 0 Gerald Greenfield Board Member 0.50 0.65 X 0 0 0 John Barline Board Member (Emeritus) 0.50 0.50 X 0 0 0 Doug LeMay Board Member (Emeritus) 0.50 0.50 X 0 0 0 Manfred Scharmach Board Member 0.50 0.50 X 0 0 0 Rod Alberts Board Member 0.50 0.50 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 Steve Saleen Board Member 0.50 0.50 X 0 0 0 Keith Flickinger Board Member 0.50 0.65 X 0 0 0 George Ingle 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 0.5 0.5 X 0 0 0 Gary Gartner Vice Chair 0.50 0.65 X X 0 0 0 Tom Hedges Board Member 0.50 0.50 X 0 0 0 Doug Clark Board Member 0.50 0.50 X 0 0 0 Michael J Phillips Board Member 0.50 0.50 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 Jason Wenig Board Member 0.50 0.50 X 0 0 0 1133477 263949 153241 7 0 1 0 0 0 241688 901699 263675 3840 1485806 176043 2896708 Deferred Memberships 712110 85852 85852 0 0 Storage Rental 712110 26101 26101 0 0 Program Ticket Sales 712110 20243 20243 0 0 Merchandise Sales 712110 690 690 0 0 0 0 0 0 132886 0 0 0 0 308114 901699 388060 -79946 0 -79946 2900 0 2900 0 0 2900 0 2952548 132886 0 -77046 391832 391832 0 0 0 0 0 0 453395 54025 273311 126059 0 0 0 0 945997 102689 276478 566830 1875 1044 -1195 2026 94170 12672 28209 53289 117731 11656 45070 61005 22050 0 22050 0 74957 29771 6417 38769 82881 58492 5678 18711 30626 591 11354 18681 94151 644 3432 90075 103409 27636 52190 23583 12441 12441 0 0 1072130 0 0 1072130 15943 0 15943 0 Repair & Maintenance 27879 3419 5620 18840 Cultivation & Events 108892 31489 10154 67249 Collections Costs 6627 6521 0 106 In-Kind Goods 110829 14670 0 96159 49130 19576 5988 23566 3816945 779168 760699 2277078 243259 6936 73489 462094 805416 43870 54991 749223 940832 56831 69189 50322 63956 460368 472809 1341376 2375046 1908897 2981000 X -1621769 -2905585 462095 865417 -1159674 -2040168 749223 940832 X -864397 0 25503 0 0 -41600 X 0 1 X 1 0 X 1154933 1745851 2340262 2153065 2896708 10290819 0 0 0 0 0 0 0 0 0 0 0 0 1154933 1745851 2340262 2153065 2896708 10290819 3823719 6467100 0 0 0 0 0 0 0 0 0 0 0 0 478743 271473 231178 285319 311014 1577727 11868546 816273 0.54489 0.52873 X Schedule A, Part II, Line 10 Income from fundraising event + raffle income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 60000 0 0 0 0 60000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Due from Related Entities 2375046 2375046 X 3369408 0 28800 0 388060 416860 2952548 0 0 0 2952548 4208302 3297 0 0 388060 391357 3816945 0 0 0 3816945 Schedule D, Part V, Line 4 General operations. Schedule D, Part X, Line 2 The organization 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 organization recognizes interest and penalties related to income tax matters in income tax expense, if applicable. As of December 31, 2023, the organization is not aware of any uncertain tax positions that require accrual. Schedule D, Part XI, Line 2d Fundraising direct costs. Schedule D, Part XII, Line 2d Fundraising direct costs. Annual Gala 1209814 901699 308115 0 88683 0 66663 9941 222774 0 0 1209814 901699 308115 0 88683 0 66663 9941 222774 388061 -79946 1 LeMay - America's Car Museum 2702 East D Street Tacoma WA 98421 911867848 501c3 969863 0 N/A N/A Affiliated distribution for operations. RPM Foundation 2702 East D Street Tacoma WA 98421 202102643 501c3 102267 0 N/A N/A Affiliated distribution for operations LeMay - America's Car Museum 2702 East D Street Tacoma WA 98421 911867848 501c3 331955 0 N/A N/A Proceeds from AAT's fundraiser to support operations. RPM Foundation 2702 East D Street Tacoma WA 98421 202102643 501c3 59877 0 N/A N/A Proceeds from AAT's fundraiser to support operations. 2 0 Schedule I, Part I, Line 2 An affiliated distribution and portion of the proceeds from AAT's annual fundraiser were paid to LeMay - America's Car Museum and RPM Foundation. Both are related entities. See Schedule R. X X 0 0 0 0 0 0 0 1 0 David L Madeira Vice Chair & CEO,AAT 283197 0 50000 0 0 0 26972 0 0 0 360169 0 0 0 Paul E Miller Senior Vice President 196023 0 25000 0 0 0 18056 0 17456 0 256535 0 0 0 Gary Yamamoto VP of Finance 0 166310 0 0 0 0 0 16040 0 8398 0 190748 0 0 Sandy Colt Controller 133651 0 0 0 0 0 6828 0 10060 0 150539 0 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, VO 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 1 47000 FMV X Auction Items 19 43276 FMV X Advertising 2 55000 FMV X Supplies 4 30767 FMV 0 0 1 0 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 America's Automotive Trust. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the finance committee, sent to the CEO 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 organization's CEO's wages are reviewed each year by the Board's executive committee. Any adjustment to the CEO's salary is based on market surveys of the region and overall performance for the year. These discussions are part of the Executive Committee meeting minutes. The CEO's wages were last adjusted in 2023. The Senior Vice President's wages are reviewed each year by the CEO, using the associated market surveys and overall performance for the year. The Senior Vice President's wages were last adjusted in 2023. Other management wages are reviewed by the Senior Vice President 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 Americas Car Museum 2702 East D Street Tacoma WA 98421 911867848 Operates car museum WA 501(c)(3) 509(a)(2) N/A 0 RPM Foundation 2702 East D Street Tacoma WA 98421 814337717 Education WA 501(c)(3) 509(a)(3) Type 1 America's Automotive Trust 1 LeMay Dome Parking Association 2702 East D Street Tacoma WA 98421 272511735 Operates parking lots surrounding WA 501(c)(3) 509(a)(3) Type 1 LeMay - America's 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) Type 1 LeMay-Americas Car Museum 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 RPM Foundation b 162144 Actual Amount Received.