Americas Automotive Trust
- Assets
- $940.8k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 81-4337717
Organization Overview
Americas Automotive Trust is located in Tacoma, WA. The organization was established in 2018. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Americas Automotive Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Americas Automotive Trust generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Americas Automotive Trust has awarded 20 individual grants totaling $2,869,875. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Madeira Vice Chair & Ceo,aat | OfficerTrustee | 39.4 | $333,197 |
Paul E Miller Senior Vice President | OfficerTrustee | 9.85 | $221,023 |
Gary Yamamoto VP Of Finance | OfficerTrustee | 9.9 | $0 |
Sandy Colt Controller | 20 | $133,651 | |
Gabe Mosse Director Of Development | 30 | $117,552 | |
Chery Phillips Hr Manager | 20 | $111,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $241,688 |
| Fundraising events | $901,699 |
| Related organizations | $263,675 |
| Government grants | $3,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,485,806 |
| Noncash contributions included in lines 1a–1f | $176,043 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,896,708 |
| Total Program Service Revenue | $132,886 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$79,946 |
| Net Income from Gaming Activities | $2,900 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,952,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $391,832 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $453,395 |
| Compensation of current officers, directors, key employees. | $273,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $945,997 |
| Pension plan accruals and contributions | $1,875 |
| Other employee benefits | $94,170 |
| Payroll taxes | $117,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,957 |
| Advertising and promotion | $82,881 |
| Office expenses | $30,626 |
| Information technology | $94,151 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $103,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,441 |
| Payments to affiliates | $1,072,130 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,943 |
| All other expenses | $49,130 |
| Total functional expenses | $3,816,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,936 |
| Savings and temporary cash investments | $73,489 |
| Pledges and grants receivable | $805,416 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,991 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $940,832 |
| Accounts payable and accrued expenses | $69,189 |
| Grants payable | $0 |
| Deferred revenue | $63,956 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $472,809 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,375,046 |
| Total liabilities | $2,981,000 |
| Net assets without donor restrictions | -$2,905,585 |
| Net assets with donor restrictions | $865,417 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $940,832 |
Grants Awarded
Over the last fiscal year, Americas Automotive Trust has awarded $1,463,962 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RPM FOUNDATION PURPOSE: Affiliated distribution for operations | $102,267 |
LEMAY - AMERICA'S CAR MUSEUM PURPOSE: Affiliated distribution for operations. | $969,863 |
RPM FOUNDATION PURPOSE: Proceeds from AAT's fundraiser to support operations. | $59,877 |
LEMAY - AMERICA'S CAR MUSEUM PURPOSE: Proceeds from AAT's fundraiser to support operations. | $331,955 |