Lemay-Americas Car Museum
- Assets
- $51.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 44
- Location
- Tacoma, WA
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 91-1867848
Organization Overview
Lemay-Americas Car Museum is located in Tacoma, WA. The organization was established in 1998. 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, Lemay-Americas Car Museum employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lemay-Americas Car Museum 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, Lemay-Americas Car Museum generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 7 years. 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 PRESERVE AND INTERPRET THE HISTORY AND TECHNOLOGY OF THE AUTOMOBILE AND ITS INFLUENCE ON AMERICAN CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. IN 2021, THE MUSEUM INCREASED ITS DAYS OF OPERATION TO 5 DAYS/WEEK. ATTENDANCE 2021 = 63,943.
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.
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 2 EXHIBITS IN 2021.
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 2021, THE MUSEUM INCREASED ITS NUMBER OF EDUCATION ACTIVITIES AND AFTER-HOUR EVENTS. TOTAL STUDENTS SERVED WAS 5,072.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Phillips Exec Director, Acm | OfficerTrustee | 10 | $109,038 |
Scot Keller Curator | 40 | $100,249 | |
Paul E Miller Sr Vice President, Aat | OfficerTrustee | 9.85 | $0 |
David Madeira Vice Chair | OfficerTrustee | 0.5 | $0 |
Tabetha Hammer CEO | OfficerTrustee | 9.9 | $0 |
Nick Ellis Exec Director, Rpm | OfficerTrustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $225,835 |
| Government grants | $957,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,431,489 |
| Noncash contributions included in lines 1a–1f | $601,857 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,614,862 |
| Total Program Service Revenue | $1,012,745 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $164,587 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,774,944 |
| 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. | $494,894 |
| Compensation of current officers, directors, key employees. | $201,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $887,189 |
| Pension plan accruals and contributions | $11,300 |
| Other employee benefits | $152,468 |
| Payroll taxes | $124,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,925 |
| Fees for services: Lobbying | $10,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,043 |
| Advertising and promotion | $8,247 |
| Office expenses | $79,103 |
| Information technology | $34,414 |
| Royalties | $0 |
| Occupancy | $79,777 |
| Travel | $21,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $986,742 |
| Insurance | $133,859 |
| All other expenses | $46,382 |
| Total functional expenses | $3,356,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,844,356 |
| Savings and temporary cash investments | $5,671 |
| Pledges and grants receivable | $2,996,387 |
| Accounts receivable, net | $1,735,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $572,653 |
| Prepaid expenses and deferred charges | $47,495 |
| Net Land, buildings, and equipment | $40,416,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,457,797 |
| Total assets | $51,076,971 |
| Accounts payable and accrued expenses | $277,184 |
| 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 | $5,578,973 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $855,805 |
| Total liabilities | $6,711,962 |
| Net assets without donor restrictions | $40,540,962 |
| Net assets with donor restrictions | $3,824,047 |
| 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 | $51,076,971 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lemay-Americas Car Museum has recieved totaling $213,256.
| Awarding Organization | Amount |
|---|---|
Americas Automotive Trust Tacoma, WA PURPOSE: Proceeds from America's Automotive Trust's annual fundraiser to support operations. | $160,835 |
Greater Tacoma Community Foundation Tacoma, WA PURPOSE: CAPITAL SUPPORT, OPERATING SUPPORT | $51,115 |
The Greg D And Melanie S Mcfarland Foundation Edgewood, WA PURPOSE: PRESERVATION OF HISTORY OF AUTOMOBIL | $1,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $106 |
Endowment Analysis
| Beg. Balance | $20,000 |
| Ending Balance | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust Seattle, WA | $67,990,835 | $9,421,562 |
Safari Game Search Foundation Winston, OR | $11,893,690 | $8,001,628 |
Flying Heritage & Combat Armor Museum Severett, WA | $57,687,450 | $4,791,140 |
Sno-King Ice Sports Kirkland, WA | $2,403,737 | $2,901,295 |
Columbia River Maritime Museum Inc Astoria, OR | $27,133,708 | $10,271,351 |
Lemay-Americas Car Museum Tacoma, WA | $51,076,971 | $3,774,944 |
Bainbridge Island Museum Of Art Bainbridge Island, WA | $19,171,950 | $2,672,018 |
Bird Aviation Museum And Invention Center Inc Coeur Dalene, ID | $2,243,329 | $40,164 |
Alutiiq Heritage Foundation Kodiak, AK | $6,297,980 | $6,482,918 |
Western Antique Aeroplane Andautomobile Museum Hood River, OR | $6,901,365 | $1,601,440 |
Northwest African American Museum Inc Seattle, WA | $2,508,685 | $2,382,834 |
George Weyerhaeuser Pacific Rim Bonsai Collection A Nonprofit Corp Federal Way, WA | $1,875,822 | $931,817 |