Lions Automobilia Foundation
- Assets
- $11.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Rancho Dominguez, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-3574395
Organization Overview
Lions Automobilia Foundation is located in Rancho Dominguez, CA. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lions Automobilia Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lions Automobilia Foundation 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 12/2021, Lions Automobilia Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (39.8%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HONOR AND PRESERVE THE LEGACY OF MOTORSPORTS & CAR CULTURE IN SOUTHERN CALIFORNIA FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVED AND STORED DONATION OF CLASSIC CARS AND RACE VEHICLES REPRESENTING THE SOUTHERN CALIFORNIA CAR CULTURE - HONDA INDY CAR AND 1932 FORD SEDAN (VULCAN VICKY). LIONS TEAM RESTORED DONATED COLLECTIBLES AND AUTOMOTIVE PARTS.
LIONS AUTOMOBILIA FOUNDATION MUSEUM ADMISSIONS - MET WITH VOLUNTEER COORDINATOR IN JUNE 2021. OPEN THE MUSEUM TO THE PUBLIC ON AUGUST 21, 2022 FOR SATURDAY OPENINGS.
LIONS YOUTH ENGAGEMENT PROGRAM - OUR YOUTH ENGAGEMENT PROGRAM COMMITTEE WAS ESTABLISHED IN MAY, 2021 DEVELOPING CURRICULUM FOR YOUTH AND CAREER PATH PROGRAMS WITH LITTLE PROGRESS DUE TO RESTRAINT OF COVID REGULATIONS. A NEW COMMITTEE WAS ESTABLISHED IN 2022 WITH MEMBERS WITH EDUCATIONAL BACKGROUNDS INCLUDING A POTENTIAL PARTNERSHIP WITH THE SOCIETY OF AUTOMOTIVE ENGINEERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Lorenzen Chair | OfficerTrustee | 0 | $0 |
Tami Lorenzen-Fanselow Vice Chair/treasurer | OfficerTrustee | 0 | $0 |
Robert Marchese Secretary | OfficerTrustee | 0 | $0 |
Lana Chrisman Executive Director | Officer | 0 | $0 |
Tom Elliott Board Member | Trustee | 0 | $0 |
Carl Olson Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joseph Kennedy Restoration Of Vehicles | 12/30/21 | $286,031 |
Jason Kennedy Restoration Of Vehicles | 12/30/21 | $136,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,555 |
| Fundraising events | $0 |
| Related organizations | $1,997,722 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,155 |
| Noncash contributions included in lines 1a–1f | $82,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,088,432 |
| Total Program Service Revenue | $28,054 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $556 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,117,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,756 |
| Pension plan accruals and contributions | $70,627 |
| Other employee benefits | $119,696 |
| Payroll taxes | $185,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $296 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,150 |
| Office expenses | $15,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $709,818 |
| Travel | $611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,624 |
| Insurance | $35,705 |
| All other expenses | $67,562 |
| Total functional expenses | $2,223,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,966 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $6,900 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $846,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,053,956 |
| Total assets | $11,919,864 |
| Accounts payable and accrued expenses | $80,188 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $133,025 |
| Total liabilities | $213,213 |
| Net assets without donor restrictions | $11,706,651 |
| Net assets with donor restrictions | $0 |
| 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 | $11,919,864 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
Turtle Bay Exploration Park Redding, CA | $48,250,618 | $8,223,185 |
Palm Springs Art Museum Palm Springs, CA | $40,212,131 | $11,070,079 |
Safari Game Search Foundation Winston, OR | $11,893,690 | $8,001,628 |