2023-10-12T11:15:53-05:00 2022-12-31 951777440 GREEN HASSON & JANKS LLP 700 SOUTH FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2022-01-01 954739699 PETERSEN AUTOMOTIVE MUSEUM FOUNDATION PETE 3239302277 6060 WILSHIRE BOULEVARD LOS ANGELES CA 90036 TERRY KARGES EXECUTIVE DIRECTOR 3239302277 2023-10-10 1 TERRY KARGES 999009999 0 LIZBETH G NEVAREZ P01399868 3108731600 2023-10-10 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z TERRY KARGES 6060 WILSHIRE BOULEVARD LOS ANGELES CA 90036 32061280 0 X WWW.PETERSEN.ORG X 1999 CA TO EXPLORE AND PRESENT THE HISTORY OF THE AUTOMOBILE AND ITS IMPACT ON GLOBAL LIFE AND CULTURE. 19 19 219 195 409740 0 3924238 13035597 1357530 6573456 750334 1753330 1698153 5693063 7730255 27055446 0 25000 0 0 2161363 9482164 0 0 1758332 3162903 14492783 5324266 23999947 2405989 3055499 222687653 215784582 55640643 54786415 167047010 160998167 TO EXPLORE AND PRESENT THE HISTORY OF THE AUTOMOBILE AND ITS IMPACT ON GLOBAL LIFE AND CULTURE. 0 0 11198434 4909621 EXHIBITS PROGRAMS PRESENT THE MUSEUM AND ITS COLLECTION TO THE GENERAL PUBLIC. THIS INCLUDES THE DEVELOPMENT, PRODUCTION, AND IMPLEMENTATION OF PERMANENT AND ROTATING EXHIBITS, AS WELL AS THE DISSEMINATION OF MUSEUM CONTENT THROUGH ONLINE CHANNELS. 5976951 2506732 COLLECTIONS AND CURATORIAL PROGRAMS PROVIDE FOR THE ACQUISITION AND PRESERVATION OF COLLECTION OBJECTS THAT ADVANCE THE MISSION OF THE MUSEUM. THESE PROGRAMS INCLUDE THE MAINTENANCE AND RESTORATION OF COLLECTION VEHICLES AND OTHER OBJECTS. THE MUSEUM ALSO ACQUIRES, PRESERVES, AND ARCHIVES TWO DIMENSIONAL OBJECTIONS (PRINTED MATTER, PHOTOGRAPHS, DIAGRAMS, ETC.), BOOKS AND FILMS RELATED TO THE AUTOMOTIVE WORLD. CURATORIAL STAFF CONDUCT RESEARCH AND PRODUCE WRITTEN CONTENT THAT INTERPRET THESE OBJECTS FOR THE PUBLIC AS WELL AS FOR SCHOLARS. 2135487 25000 201319 EDUCATIONAL PROGRAMS INCLUDE MUSEUM ENDEAVORS TO EXPOSE AND TEACH CHILDREN AND ADULTS ABOUT THE AUTOMOBILE AND ITS IMPACT ON THE WORLD AND CULTURE. SIGNIFICANT PROGRAMS INCLUDE TOURS FOR SCHOOL CHILDREN IN SUPPORT OF THEIR CURRICULA, HANDS-ON TRAINING ON AUTOMOTIVE REPAIR AND CUSTOMIZATION FOR TEENS, DISPLAYING VEHICLES IN PUBLIC AUTOMOTIVE SHOWS, AS WELL AS PROVIDING SPEAKERS, FILMS, AND OTHER EXPERIENCES FOR ADULTS AND CHILDREN. 19310872 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 99 0 1 219 1 1 1 0 0 0 0 1 1 1 5 0 0 1 0 0 0 X 19 19 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X JOHN YANEZ 3239646352 6060 WILSHIRE BOULEVARD LOS ANGELES CA 90036 TERRY KARGES EXECUTIVE DIRECTOR 40.00 0.00 X 338846 0 36200 SANDRA LANDICHO CHIEF FINANCIAL OFFICER 40.00 0.00 X 238496 0 4993 MICHAEL BODELL CHIEF OPERATING OFFICER 40.00 0.00 X 208037 0 14896 BRYAN STEVENS EXHIBITS DIRECTOR 40.00 0.00 X 132126 0 12310 JOHN YANEZ CONTROLLER 40.00 0.00 X 107116 0 16203 LINCOLN RAMIREZ COLLECTIONS DEVELOPMENT MANAGER 40.00 0.00 X 106953 0 7977 LESLIE KENDALL CHIEF HISTORIAN 40.00 0.00 X 104978 0 17705 DANA WILLIAMSON COLLECTIONS MANAGER 40.00 0.00 X 101273 0 14335 RICHARD VARNER CHAIRMAN/DIRECTOR 8.00 0.00 X X 0 0 0 BRUCE MEYER VICE-CHAIR/DIRECTOR 4.00 0.00 X X 0 0 0 PETER MULLIN VICE-CHAIR/DIRECTOR 4.00 0.00 X X 0 0 0 DAVID SYDORICK VICE-CHAIR/DIRECTOR 4.00 0.00 X X 0 0 0 WILLIAM H AHMANSON TREASURER/DIRECTOR 4.00 0.00 X X 0 0 0 RICHARD ROEDER SECRETARY/DIRECTOR 1.00 0.00 X X 0 0 0 WILLIAM CONNER II DIRECTOR 1.00 0.00 X 0 0 0 VIN DI BONA DIRECTOR 1.00 0.00 X 0 0 0 JUAN GONZALEZ DIRECTOR 1.00 0.00 X 0 0 0 MCKEEL HAGERTY DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL HAMMER DIRECTOR 1.00 0.00 X 0 0 0 DR SABRINA KAY DIRECTOR 1.00 0.00 X 0 0 0 KENT KRESA DIRECTOR 1.00 0.00 X 0 0 0 MARK MITCHELL DIRECTOR 1.00 0.00 X 0 0 0 CHARLES NEARBURG DIRECTOR 1.00 0.00 X 0 0 0 GREG PENSKE DIRECTOR 1.00 0.00 X 0 0 0 BOBBY RAHAL DIRECTOR 1.00 0.00 X 0 0 0 WOLFGANG PORSCHE DIRECTOR 1.00 0.00 X 0 0 0 DUKE OF RICHMOND DIRECTOR 1.00 0.00 X 0 0 0 PHILLIP SAROFIM DIRECTOR (LEFT 6/22) 1.00 0.00 X 0 0 0 1337825 0 124619 8 0 1 0 FREDDIE GEORGE PRODUCTION GROUP 15362 GRAHAM STREET HUNTINGTON BEACH CA 92649 EXHIBIT DESIGN & PRODUCTION 610758 RAYZMAN EVENT GROUP 2029 CENTURY PARK EAST SUITE 1500 LOS ANGELES CA 90067 EVENT PRODUCTION 582449 ARENT FOX SCHIFF POS BOX 7247 PHILADELPHIA PA 19170 LEGAL SERVICES 517828 SMART CLEANING COMPANY PO BOX 967 LYNWOOD CA 90262 JANITORIAL SERVICES 418252 THE SCENIC ROUTE 13516 DESMOND STREET PACOIMA CA 91331 EXHIBIT DESIGN & PRODUCTION 299695 9 1121748 651409 1896048 9366392 2951463 13035597 MUSEUM ADMISSION FEES 900099 6027775 6027775 MEMBERSHIP EVENTS 900099 545681 545681 6573456 1304946 1304946 2401003 0 2401003 2401003 2401003 2011767 877849 2014240 426992 -2473 450857 448384 448384 1184270 651409 1445779 -261509 -261509 2163039 1118823 1044216 1044216 PARKING FEES 812930 2428383 409740 2018643 OTHER INCOME 900099 80970 80970 2509353 27055446 7617672 409740 5992437 25000 25000 841468 694282 94238 52948 7112953 5868786 796594 447573 201986 166655 22621 12710 742164 612348 83116 46700 583593 481513 65358 36722 599836 157127 390655 52054 127352 127352 174231 174231 389603 184590 158680 46333 566189 487087 12854 66248 726597 536212 111475 78910 71011 25093 26734 19184 1577047 1143936 427736 5375 195031 82805 55168 57058 1386527 1290416 30985 65126 4650768 4511245 116269 23254 645004 634326 8916 1762 EXHIBIT COST 1234318 1206370 24560 3388 COLLECTION CARE 790624 766870 6656 17098 IN-KIND GOODS 497500 2500 0 495000 CATERING 424233 232698 59066 132469 436912 201013 137479 98420 23999947 19310872 2930743 1758332 5989627 6917577 2972374 13391121 14419296 84568 31703 307010 548223 223844 309319 169586291 43906464 129192926 125679827 58146511 45970059 15352046 18936204 222687653 215784582 1113207 1543901 304271 318845 54223165 52923669 55640643 54786415 X 148412368 140894578 18634642 20103589 167047010 160998167 222687653 215784582 3055499 -9104342 0 X 0 1 X 1 0 X 14564573 7506677 10237034 3924238 13035597 49268119 14564573 7506677 10237034 3924238 13035597 49268119 6939433 42328686 2891114 2207977 1295858 1260205 3705949 11361103 0 0 0 119409 0 119409 1271689 1260496 1097937 883270 2509353 7022745 67771376 23079626 0.62460 0.59600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2424000 16999054 X X 0 49359241 586740 -6900221 1022778 42022982 47528188 65000 2238214 472161 49359241 41221580 997343 7766393 2457128 47528188 39653651 325000 2556222 1313293 41221580 38478265 1325000 1060507 1210121 39653651 1.00000 0.00000 0.00000 0 0 49650000 49650000 100905404 28752247 72153157 19030887 15154217 3876670 125679827 VEHICLES & OBJECTS AVAILABLE FOR EXHIBIT 16999054 EMPLOYEE RETENTION CREDIT RECEIVABLE 1871048 DEPOSITS 66102 18936204 X 18092846 -9104342 315973 -8788369 26881215 174231 174231 27055446 24141689 315973 315973 23825716 174231 174231 23999947 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, PERMANENT COLLECTION ITEMS PURCHASED BY OR DONATED TO THE FOUNDATION ARE NOT CAPITALIZED IN THE STATEMENT OF FINANCIAL POSITION. THE FOUNDATION'S COLLECTION IS MADE UP OF VEHICLES, MOTORCYCLES AND OBJECTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER EDUCATIONAL PROGRAM ACTIVITIES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. DEACCESSION PROCEEDS ARE REQUIRED BY FOUNDATION POLICY TO BE APPLIED TO THE ACQUISITION OF OTHER ITEMS FOR THE PERMANENT COLLECTION. THE FOUNDATION ALSO HAS ACCESS TO THE USE OF VEHICLES AND OBJECTS THAT ARE LOANED FROM VARIOUS INDIVIDUALS AND INSTITUTIONS FOR EXHIBIT PURPOSES. PART III, LINE 4: THE COLLECTION IS MADE UP OF RARE AND COLLECTIBLE VEHICLES FOR THE EDUCATION OF THE GENERAL PUBLIC ABOUT TO THE CULTURAL, SOCIAL, TECHNOLOGICAL AND ENVIRONMENTAL DEVELOPMENT AND EFFECTS OF THE AUTOMOBILE. PART V, LINE 4: THE INTENTION OF THE ENDOWMENT IS THAT THE PRINCIPAL BE PRESERVED, AND INFLATION PROTECTED, TO PROVIDE FOR A CONTINUOUS FLOW OF ANNUAL DISTRIBUTIONS TO SUPPORT THE OPERATIONS OF THE FOUNDATION. PART X, LINE 2: PAM RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED DECEMBER 31, 2022, PAM PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES VEHICLE SHIPPING, RETAIL 266924 NORTH AMERICA 0 0 PROGRAM SERVICES VEHICLE SHIPPING 3390 0 0 0 0 0 0 270314 0 270314 0 0 0 0 0 0 PART III ACCOUNTING METHOD: ANNUAL GALA 1535766 594766 941000 152697 57300 891733 PEBBLE BEACH FUNDRAISER 258281 15011 243270 59471 236212 2 41632 41632 14176 2500 31690 1835679 651409 1184270 226344 59800 1159635 1445779 -261509 1 BUSINESS INCUBATOR 1 25000 PART I, LINE 2: THE SOLE GRANTEE WILL PROVIDE FINANCIAL REPORTS AND PROGRAM REPORTS TO SUBSTANTIATE THE IMPACT OF THE GRANT. X X X X 0 0 0 0 0 0 0 1 0 TERRY KARGES EXECUTIVE DIRECTOR 335311 0 0 0 3535 0 10675 0 25525 0 375046 0 0 0 SANDRA LANDICHO CHIEF FINANCIAL OFFICER 179870 0 50500 0 8126 0 3605 0 1388 0 243489 0 0 0 MICHAEL BODELL CHIEF OPERATING OFFICER 207537 0 500 0 0 0 3762 0 11134 0 222933 0 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR'S BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS AND COMMUNICATED TO THE CFO TO IMPLEMENT BY THE BOARD CHAIRMAN. SOME BONUSES FOR OTHER STAFF MEMBERS ARE PART OF A PRE-STRUCTURED COMPENSATION PACKAGE. DEPENDENT ON WHETHER THEY ACHIEVE CERTAIN GOALS, AND APPROVED BY THE EXECUTIVE DIRCTOR. OTHERS ARE APPROVED AT THE DISCRETION OF THE EXECUTIVE DIRECTOR FOR PARTICULAR MERIT OR REASON. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 000000000 2020-06-30 55906000 BUILDING RENOVATION 0 0 0 A 55906000 55906000 1 1 0 1 A 0 0 0 0 0.00030 0.00030 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 X 33 2424000 FMV X 5 337248 FMV X AUCTION ITEMS 6 147500 FMV X EQUIPMENT 2 42715 FMV 0 1 1 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY NUMBER OF CONTRIBUTORS. PART I, LINE 32B: SOME NON-ACCESSIONED VEHICLES ARE SOLD THROUGH THIRD PARTY PUBLIC AUCTION COMPANIES. FORM 990, PART VI, SECTION A, LINE 2 TERRY KARGES, EXEC. DIRECTOR, AND RICHARD VARNER, BOARD CHAIRMAN, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY THE CFO. IT IS THEN DISTRIBUTED AND REVIEWED BY ALL THE BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES THE BOARD OF DIRECTORS TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT NOTIFYING OF ANY CHANGES. THESE ARE MONITORED BY THE BOARD CHAIRMAN. TRANSACTIONS POTENTIALLY INVOLVING CONFLICTS ARE DISCLOSED TO BOARD AND INTERESTED PARTY IS RECUSED FROM PARTICIPATION IN THAT DECISION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL OFFICERS IS DETERMINED BY THE BOARD BASED ON MARKET RATES, INDIVIDUAL PAY HISTORY, AND IT IS ALSO COMPARED TO OTHER ORGANIZATIONS OF SIMILAR EMPLOYEE SIZE AND/OR BUDGET SIZE. THIS IS REVIEWED ANNUALLY BY THE BOARD INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, INFORMATIONAL RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.