Lions Automobilia Foundation

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 12/2022, Lions Automobilia Foundation employed 8 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 12/2022, Lions Automobilia Foundation generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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. LIONS TEAM RESTORES DONATED COLLECTIBLES AND AUTOMOTIVE PARTS.


LIONS AUTOMOBILIA FOUNDATION MUSEUM ADMISSIONS - OPENED 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.


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Board, Officers & Key Employees

Name (title)Compensation
Rick Lorenzen
Chair
$0
Tami Lorenzen-Fanselow
Vice Chair/treasurer
$0
Robert Marchese
Secretary/director Of Operations
$94,306
Tom Elliott
Board Member
$0
Carl Olson
Board Member
$0
Marc Platt
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Joseph Kennedy
Restoration Of Vehicles
$286,031
Jason Kennedy
Restoration Of Vehicles
$136,296
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,030
Fundraising events$0
Related organizations$2,289,049
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$855,449
Noncash contributions included in lines 1a–1f $843,945
Total Revenue from Contributions, Gifts, Grants & Similar$3,146,528
Total Program Service Revenue$88,838
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,000
Net Income from Fundraising Events $32,168
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $8,888
Miscellaneous Revenue$0
Total Revenue $3,282,280

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