2025-10-01T15:16:25-07:00 2024-12-31 990 2024-01-01 911867848 LEMAY-AMERICAS CAR MUSEUM LEMA 2537798490 2702 East D Street Tacoma WA 98421 Christina Hannan VP of Finance 2537798490 2025-10-01 1 2024 2025-03-06 01:10:19Z Christina Hannan 2702 East D Street Tacoma WA 98421 4914720 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. 39 37 46 107 0 0 2953909 1514093 1970036 2288320 10132 21257 199327 431824 5133404 4255494 620 300 0 0 2505771 2501375 0 0 150192 2826931 2527521 5333322 5029196 -199918 -773702 51230926 49635311 7526374 6704465 43704552 42930846 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 335519 0 1672543 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. To enhance the visitor experience, the Museum offers racing simulators and slot car driving. Attendance in 2024 = 90,000. 508550 0 15820 Collection and Exhibitions: 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. 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 2 exhibits in 2024. 273080 300 261153 Education: An interactive center for all "students" of automotive history, restoration and preservation. During 2024, the Museum continued to increase its number of education activities, such as hosting 3,000 third graders to the Museum. It has established itself as a valuable resource for the Boy Scouts, Girl Scouts and homeschooling communities and positioned itself as a central hub for STEM/STEAM learning. 2742272 0 338804 The remaining programs primarily include the following: 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; and Retail Store - Selling various types of merchandise that relate to the Museum's exhibitions and collection. In 2025, it is planned to launch an online store. 2742272 0 338804 3859421 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 1 0 0 1 1 0 0 0 1 1 1 0 0 1 47 0 1 46 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 39 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 0.5 39.50 X X 0 338750 26972 Sandy Colt Controller 20 20 X 0 135178 17130 Gary Yamamoto Exec Dir, ACM (left 7/24) 30 10 X X 126509 0 16712 Chery Phillips HR Director 20 20 X 0 119053 10231 Rob Reed Facilities Manager 40 0 X 104088 0 15517 Nick Ellis Exec Director, RPM 0.50 39.50 X X 0 100452 15488 B Corry McFarland Past Chairman (Emeritus) 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 (Emeritus) 0.50 0.50 X 0 0 0 Stephen Boone Board Member (Emeritus) 0.5 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 (Emeritus) 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 (Emeritus) 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 0.65 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 Keith Flickinger Board Member 0.50 0.65 X 0 0 0 Steve Saleen 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 Doug Clark Board Member 0.50 0.50 X 0 0 0 Jason Wenig Board Member 0.50 0.50 X 0 0 0 Pat Riley Board Member 0.50 0.50 X 0 0 0 Drew Weyerhaeuser Board Member 0.50 0.50 X 0 0 0 Ed Brooks Board Member 0.50 0.50 X 0 0 0 Sandra Button Board Member 0.50 0.50 X 0 0 0 Bruce Wanta Board Member 0.50 0.50 X 0 0 0 Ed Welburn Board Member (Emeritus) 0.50 0.50 X 0 0 0 Gary Gartner Vice Chair (retired Sept 2024) 0.50 0.65 X X 0 0 0 230597 693433 102050 2 0 1 0 0 0 0 0 484454 228006 801633 183766 1514093 Admissions 712110 1647419 1647419 0 0 Attractions 712100 199436 199436 0 0 Tours & Events 712100 353316 353316 0 0 88149 88149 0 0 2288320 19225 0 0 19225 0 0 0 0 0 0 0 0 0 0 0 15423 0 13391 0 2032 2032 0 0 2032 0 684659 645835 38824 0 0 38824 Deaccession of Classic Cars from the Collection 712100 393000 393000 0 0 0 0 0 0 393000 4255494 2681320 0 60081 300 300 0 0 0 0 0 0 141465 0 141465 0 0 0 0 0 1838186 1409627 311836 116723 56012 31434 22017 2561 243795 200591 32254 10950 221917 164005 45112 12800 0 0 0 0 0 0 0 0 20992 0 20992 0 37500 0 37500 0 0 0 0 0 0 0 169855 155011 14844 0 247987 23170 224817 0 162917 137961 24899 57 34956 29019 5937 0 96779 96779 0 0 36009 18215 17477 317 0 0 0 0 116914 116914 0 0 0 0 0 0 1011810 1011810 0 0 140200 64800 75400 0 Repair & Maintenance 113595 101321 12274 0 Cultivation & Events 67299 47859 18956 484 Exhibition Costs 168026 168026 0 0 102682 82579 13803 6300 5029196 3859421 1019583 150192 1224149 973844 96849 115950 2838694 2913576 2534479 2041777 2001014 1951380 361076 336560 53656 51226 51837464 14386455 38439618 37451009 3681391 3799989 51230926 49635311 787558 345438 5776711 5486788 962105 872239 7526374 6704465 X 39795829 39234037 3908723 3696809 43704552 42930846 51230926 49635311 X -773702 0 0 0 0 -4 X 0 1 X 1 0 X 2117986 2614862 2069996 2953909 1514093 11270846 0 0 0 0 0 0 0 0 0 0 2117986 2614862 2069996 2953909 1514093 11270846 2756977 8513869 0 0 0 0 19225 19225 0 0 0 0 0 0 0 0 0 0 0 0 11290071 7633308 0.75410 0.74966 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 37500 37500 4991696 5029196 401460 100365 0 0 317834 359850 416666 401460 1495810 2243715 10000 28000 47625 37500 123125 79459 89963 104167 100365 373954 560931 0 0 0 0 0 0 200000 X X X X 1 530000 0 0 0 0 0 530000 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 0 1 0 0 0 0 14788191 14788191 0 26472592 9657767 16814825 0 1375043 1055161 319882 0 3553603 3452285 101318 0 5648035 221242 5426793 37451009 Classic and Antique Cars - Non Accessed 3799989 3799989 0 Due to Related Entities 872239 872239 X 4080647 0 14537 0 0 14537 4066110 0 189384 189384 4255494 5043736 14540 0 0 0 14540 5029196 0 0 0 5029196 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, 2024, the Museum is not aware of any uncertain tax positions that require accrual. Schedule D, Part XI, Line 4b Realized Loss on sale of assets ($203,617) and deaccession of classic cars from the collection, $393,000 + 1 rounding = $189,384. X X 0 0 0 0 0 0 0 1 0 David Madeira Vice Chair & CEO,AAT 0 288750 0 50000 0 0 0 26972 0 0 0 365722 0 0 Sandy Colt Controller 0 135178 0 0 0 0 0 6899 0 10231 0 152308 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, and VP of Finance's employment contracts provide for a performance-based bonus paid at a pre-determined amount at the discretion of the board each year. Michael Towers Board Officer 176667 30-day Loan to Organization 0 B Corry McFarland Board Officer 176667 30-day Loan to Organization 0 William Weyerhaeuser Board Officer 176666 30-day Loan to Organization 0 X 7 170098 FMV X Parts & Supplies 9 13668 FMV 7 0 1 1 Schedule M, Part I, Line 32b Lucky Auctions sells 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 has 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 chair, 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 2024. 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 Rounding. 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 0 0 0 0 0 LeMay Dome Parking Association d 1951380 FMV LeMay Dome Parking Association c 484454 FMV