Lemay-Americas Car Museum
- Assets
- $51.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 61
- Location
- Tacoma, WA
- Founding
- 03/1998
- Data as of
- 12/2023
- 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 12/2023, Lemay-Americas Car Museum employed 61 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 12/2023, Lemay-Americas Car Museum generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 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
2023
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. ATTENDANCE IN 2023 = 75,000.
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 2023, THE MUSEUM CONTINUED TO INCREASE ITS NUMBER OF EDUCATION ACTIVITIES AND AFTER-HOUR EVENTS AS COVID-19 RESTRICTIONS WERE RELEASED.
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 4 EXHIBITS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Madeira Vice Chair & Ceo,aat | OfficerTrustee | 0.5 | $0 |
Paul E Miller Sr Vice President, Aat | OfficerTrustee | 30 | $0 |
Gary Yamamoto Exec Director, Acm | OfficerTrustee | 30 | $166,310 |
Sandy Colt Controller | 20 | $0 | |
Gabe Mosse Director Of Development | 10 | $0 | |
Chery Phillips Hr Manager | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,301,818 |
| Government grants | $482,255 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,169,836 |
| Noncash contributions included in lines 1a–1f | $169,083 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,953,909 |
| Total Program Service Revenue | $1,970,036 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,132 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $199,327 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,133,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $620 |
| 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. | $306,857 |
| Compensation of current officers, directors, key employees. | $239,765 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,640,089 |
| Pension plan accruals and contributions | $150,627 |
| Other employee benefits | $197,946 |
| Payroll taxes | $210,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,600 |
| Fees for services: Lobbying | $47,625 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,061 |
| Advertising and promotion | $241,069 |
| Office expenses | $145,346 |
| Information technology | $40,795 |
| Royalties | $0 |
| Occupancy | $94,257 |
| Travel | $41,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $104,992 |
| Payments to affiliates | $215,603 |
| Depreciation, depletion, and amortization | $1,016,180 |
| Insurance | $131,910 |
| All other expenses | $146,536 |
| Total functional expenses | $5,333,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,224,149 |
| Savings and temporary cash investments | $96,849 |
| Pledges and grants receivable | $2,838,694 |
| Accounts receivable, net | $2,534,479 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,001,014 |
| Inventories for sale or use | $361,076 |
| Prepaid expenses and deferred charges | $53,656 |
| Net Land, buildings, and equipment | $38,439,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,681,391 |
| Total assets | $51,230,926 |
| Accounts payable and accrued expenses | $787,558 |
| 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 | $5,776,711 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $962,105 |
| Total liabilities | $7,526,374 |
| Net assets without donor restrictions | $39,795,829 |
| Net assets with donor restrictions | $3,908,723 |
| 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 | $51,230,926 |