2023-09-21T16:29:49-07:00 2022-12-31 990 2022-01-01 911867848 LEMAY-AMERICAS CAR MUSEUM LEMA 2537798490 2702 East D Street Tacoma WA 98421 Gary Yamamoto VP of Finance 2537798490 2023-09-21 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Gary Yamamoto 2702 East D Street Tacoma WA 98421 4230529 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. 44 40 64 165 0 0 2614862 2069996 1012745 1665669 -17250 19500 164587 152335 3774944 3907500 0 11250 0 0 1669960 2079987 0 0 0 1686713 2105766 3356673 4197003 418271 -289503 51076971 51339953 6711962 7377959 44365009 43961994 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 452599 0 1212016 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 2022 = 64,800. 177240 0 7524 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. 324937 0 3500 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 2022. 2574108 0 442629 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 2022, the Museum continued to increase its number of education activities and after-hour events as COVID-19 restrictions were released. 2574108 0 442629 3528884 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 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 29 0 1 64 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X 44 40 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 0.50 39.50 X X 0 299000 0 Paul E Miller Sr Vice President, AAT 30 10 X X 0 246598 40161 Sandy Colt Controller 20 20 X 0 126287 16972 Diane Flis-Schneider Advancement Officer 0 40 X 0 121539 16669 Chery Phillips HR Manager 20 20 X 0 102227 14707 Rob Reed Facilities Manager 40 0 X 92484 0 15163 Nick Ellis Exec Director, RPM 0.50 39.50 X 0 92229 15268 Linda Merkel Exec Director, AOW 0.50 39.50 X 0 80815 0 B Corry McFarland 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 Secretary 0.50 0.65 X 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 Keith Martin Board Member 0.50 0.50 X 0 0 0 James Gary May Board Member 0.50 39.50 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 Richard Davis Board Member 0.50 0.50 X 0 0 0 Michael T 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 0.50 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 Ed Welburn Board Member 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 0.50 X 0 0 0 Marwan Kashkoush Board Member 0.50 0.50 X 0 0 0 Keith Flickinger Board Member 0.50 0.50 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 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 Jonathon Show 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 92484 1068695 118940 1 0 1 0 0 0 0 0 288531 1383733 397732 198613 2069996 Admissions 712110 1064423 1064423 0 0 Guest Services 712110 221814 221814 0 0 Tours & Events 712110 355319 355319 0 0 24113 24113 0 0 1665669 0 0 0 69500 0 50000 0 19500 19500 0 0 19500 0 425364 273029 152335 0 0 152335 0 3907500 1665669 0 171835 11250 11250 0 0 0 0 0 0 179082 149963 29119 0 0 0 0 0 1499277 1203706 295571 0 34726 24189 10537 0 191825 153986 37839 0 175077 145977 29100 0 0 0 0 0 17504 0 17504 0 28000 3000 25000 0 176810 128940 47870 0 46947 38887 8060 0 133983 108263 25720 0 45128 41614 3514 0 77136 77136 0 0 14846 14698 148 0 80286 80286 0 0 1023021 1023021 0 0 129162 74394 54768 0 Repair & Maintenance 102008 95540 6468 0 Cultivation & Events 27453 10789 16664 0 Exhibition Costs 83292 83292 0 0 120190 59953 60237 0 4197003 3528884 668119 0 1844356 1122803 5671 455780 2996387 2711370 1735897 1524552 0 0 2049304 572653 438099 47495 59746 51775869 12358467 40416715 39417402 3457797 3560897 51076971 51339953 277184 386072 5578973 6030894 855805 960993 6711962 7377959 X 40540962 40768939 3824047 3193055 44365009 43961994 51076971 51339953 X -289503 0 -755 0 0 -112757 X 0 1 X 1 1 1 X 2136725 1440082 2117986 2614862 2069996 10379651 0 0 0 0 0 0 0 0 0 0 0 0 2136725 1440082 2117986 2614862 2069996 10379651 2451959 7927692 1105 0 0 0 1105 0 0 0 0 0 0 0 0 0 0 10380756 1665669 0.76369 0.69231 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 28000 28000 4169003 4197003 359850 89963 0 0 0 0 317834 359850 677684 1016526 0 0 10000 28000 38000 0 0 79459 89963 169422 254133 0 0 0 0 0 0 200000 X X X X 1 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 20000 0 0 0 0 0 20000 0 1 0 0 0 0 14788191 14788191 0 26472592 8003230 18469362 0 1351843 949687 402156 0 3515208 3229612 285596 0 5648035 175938 5472097 39417402 Classic and Antique Cars - Not Accessed 3560897 3560897 0 Due to Related Entities 960993 960993 X 3913423 0 0 0 0 0 3913423 0 -5923 -5923 3907500 4310513 753 0 0 112757 113510 4197003 0 0 0 4197003 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 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, 2022, the Museum is not aware of any uncertain tax positions that require accrual. Schedule D, Part XI, Line 4b Store inventory write-off, ($17,072) + Gain on sale of asset, $19,500 + Loss on sale of assets held for resale, ($8,350) = ($5,923) Schedule D, Part XII, Line 2d Accession of Classic and Antique Cars to Collection, $44,000 + Bad Debt Expenses, $68,757 1 America's Automotive Trust 2702 East D Street Tacoma WA 98421 814337717 501c3 0 11250 FMV Advertising The museum received advertising services as payment for one of its private events held in 2022. America's Automotive Trust supports LeMay - America's Car Museum by supplying marketing services so these advertising services were transferred to AAT. 1 0 Schedule I, Part I, Line 2 LeMay - America's Ca Museum does not routinely provide grants or other assistance to other organizations. It does have the ability to acquire services from a vendor for one of its related entities. The transaction is viewed as a grant to the other related entity. Due to the low occurrence of such grants, there is no formal policy or procedure in place. 0 0 0 0 0 0 0 0 0 Paul E Miller Sr Vice President, AAT 0 221598 0 25000 0 0 0 21944 0 18217 0 286759 0 0 David Madeira Vice Chair 0 299000 0 0 0 0 0 0 0 0 0 299000 0 0 Schedule J, Part I, Line 3 The Board of Director's responsibility is to provide for an appropriate executive compensation policy. The Museum's executive compensation policy is intended to ensure that the Museum 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. X 4 197100 FMV X Parts & Supplies 3 1513 FMV 5 0 1 1 Schedule M, Part I, Line 32b The Museum uses Lucky Auctions to sell cars held for sale. 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 Senior Vice President 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 Senior Vice President's wages are reviewed each year by the Vice Chair, using the associated market surveys and overall performance for the year. The Senior Vice President's wages were last adjusted in 2022. 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 Accession of Classic and Antique Cars to Collection - $44,000 + Bad Debt Expense - $68,757 = $112,757 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 America On Wheels 2702 East D Street Tacoma WA 98421 232759885 Automotive Museum PA 501(c)(3) 509(a)2 America's Automotive Trust 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 LeMay Dome Parking Association d 2049304 FMV Americas Automotive Trust c 288531 FMV