2020-08-17T18:31:10-05:00 2019-09-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2018-10-01 954739699 PETERSEN AUTOMOTIVE MUSEUM PETE 3109646356 6060 WILSHIRE BLVD LOS ANGELES CA 90036 EITAN GINSBURG CFO 3109646356 2020-08-12 1 LIOR TEMKIN P00748170 3104773924 2020-08-12 206.169.119.90 2020-08-12 09:12:16 PD P D633FF850E9D8190FC1F4AC87147859453B123D2 3BE6E52D506EA66C2235DCF2AEBCE8D272D40B29 2018 2020-09-23 17:36:50Z TERRY KARGES 6060 WILSHIRE BLVD LOS ANGELES CA 90036 28209627 0 X WWW.PETERSEN.ORG X 1999 CA DEDICATED TO THE EXPLORATION AND PRESENTATION OF THE AUTOMOBILE AND ITS IMPACT ON GLOBAL LIFE. 15 15 187 200 1007563 46018 7455248 14564573 4480326 4994230 660206 1100861 3666381 4011666 16262161 24671330 32495 164950 0 0 7053072 7939600 328604 111004 1039204 14486980 14004818 21901151 22220372 -5638990 2450958 220505505 221247321 61093836 59198421 159411669 162048900 X THE PETERSEN AUTOMOTIVE MUSEUM FOUNDATION IS DEDICATED TO THE EXPLORATION AND PRESENTATION OF THE AUTOMOBILE AND ITS IMPACT ON GLOBAL LIFE AND CULTURE USING LOS ANGELES AS THE PRIME EXAMPLE. THE MUSEUM FOUNDATION OBTAINS, PRESERVES AND DISPLAYS VINTAGE, CLASSIC AND OTHER RARE OR VALUABLE AUTOMOBILES AND OBJECTS WITH THE PURPOSE OF EDUCATING THE PUBLIC AS TO THE CULTURAL, SOCIAL AND ENVIRONMENTAL EFFECTS FROM THE RISE OF THE AUTOMOBILE. 0 0 19086269 164950 5723383 COLLECTIONS AND CURATORIAL PROGRAMS PROVIDE FOR THE ACQUISITION AND PRESERVATION OF COLLECTION OBJECTS THAT ADVANCE THE MISSION OF THE MUSEUM. THE PROGRAMS INCLUDE THE MAINTENANCE AND RESTORATION OF COLLECTION VEHICLES AND OTHER OBJECTS. THE MUSEUM ALSO ACQUIRES, PRESERVES AND ARCHIVES TWO DIMENSIONAL OBJECTS (PRINTED MATTER, PHOTOGRAPHS, DIAGRAMS, ETC.), BOOKS AND FILMS RELATED TO THE AUTOMOTIVE WORLD. CURATORIAL STAFF CONDUCT RESEARCH AND PRODUCE WRITTEN CONTENT THAT INTERPRET THESE OBJECTS FOR THE PUBLIC AS WELL AS FOR SCHOLARS.EXHIBITS PROGRAMS ARE HOW WE PRESENT THE MUSEUM AND ITS COLLECTION TO THE GENERAL PUBLIC. THESE EFFORTS INCLUDE THE DEVELOPMENT, PRODUCTION AND IMPLEMENTATION OF PERMANENT AND ROTATING EXHIBITS.EDUCATIONAL PROGRAMS INCLUDE MUSEUM ENDEAVORS TO EXPOSE AND TEACH CHILDREN AND ADULTS ABOUT THE AUTOMOBILE AND ITS IMPACT ON THE WORLD AND CULTURE. SIGNIFICANT PROGRAMS INCLUDE TOURS FOR SCHOOL CHILDREN IN SUPPORT OF THEIR CURRICULA, HANDS?ON TRAINING ABOUT AUTOMOTIVE REPAIR AND CUSTOMIZATION FOR TEENS, DISPLAYING VEHICLES IN PUBLIC AUTOMOTIVE SHOWS, AS WELL AS SPEAKERS, FILMS AND EXPERIENCES FOR ADULTS AND CHILDREN. 19086269 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 27 0 1 187 1 1 1 0 0 0 0 1 1 1 1 0 0 1 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA X X EITAN GINSBURG 3239646364 6060 WILSHIRE BLVD LOS ANGELES CA 90036 PETER MULLIN CHAIR 5.00 X X 0 0 0 DAVID SYDORICK VICE CHAIR 2.00 X X 0 0 0 BRUCE MEYER VICE CHAIR 2.00 X X 0 0 0 RICHARD VARNER TREASURER 2.00 X X 0 0 0 WILLIAM AHMANSON SECRETARY 1.00 X X 0 0 0 GREG PENSKE DIRECTOR 1.00 X 0 0 0 RICHARD ROEDER DIRECTOR 1.00 X 0 0 0 CHARLES NEARBURG DIRECTOR 1.00 X 0 0 0 MICHAEL HAMMER DIRECTOR 1.00 X 0 0 0 SABRINA KAY DIRECTOR 1.00 X 0 0 0 BOBBY RAHAL DIRECTOR 1.00 X 0 0 0 KENT KRESSA DIRECTOR 1.00 X 0 0 0 WILLIAM CONNOR DIRECTOR (AS OF 3/20/2019) 1.00 X 0 0 0 VIN DIBONA DIRECTOR 1.00 X 0 0 0 MCKEEL HAGERTY DIRECTOR (AS OF 9/26/2019) 1.00 X 0 0 0 TERRY KARGES EXECUTIVE DIRECTOR 40.00 X 289792 0 11349 EITAN GINSBURG CFO 40.00 X 180312 0 23235 MICHAEL BODELL COO 40.00 X 142604 0 11545 BRYAN STEVENS EXHIBIT DIRECTOR 40.00 X 117725 0 11358 730433 0 57487 4 0 1 0 RAYZMAN EVENT GROUP 2029 CENTURY PARK EAST STE 1500 LOS ANGELES CA 90067 EVENT PLANNER 534687 DRAGO CULINARY PRODUCIONS 6060 WILSHIRE BLVD LOS ANGELES CA 90036 CATERING 393633 SMART CLEANING COMPANY PO BOX 967 LYNWOOD CA 90262 CLEANING 321943 FREDDIE GEORGE PRODUCTION GROUP 15362 GRAHAM STREET HUNTINGTON BEACH CA 92649 MARKETING 282442 THE SCENIC ROUTE 13516 DESMOND ST PACOIMA CA 91331 CONSTRUCTION & FABRICATION 265958 10 1401194 1230287 11933092 3431283 14564573 MUSEUM ADMISSION FEES 900099 4560239 4560239 MEMBERSHIP EVENTS 900099 433991 433991 4994230 1128780 1128780 1762334 0 1762334 1762334 1762334 1470091 372230 1470078 400162 13 -27932 -27919 -27919 213804 1230287 972876 -759072 -759072 1424334 695181 729153 729153 PARKING FEES 812930 2079569 1007563 1072006 OTHER INCOME 900099 199682 199682 2279251 24671330 5723383 1007563 3375811 164950 164950 799606 166546 422838 210222 5747566 4738795 671930 336841 105436 88249 14644 2543 816933 737104 54811 25018 470059 369455 63338 37266 55025 55025 105060 90084 9608 5368 111004 111004 129199 129199 400032 376641 23391 498132 365302 11327 121503 52006 21348 25431 5227 1093773 1065685 23386 4702 129693 113234 1221 15238 6345283 6154925 158632 31726 530997 461789 49098 20110 FINANCE CHARGES 2420867 2090975 318656 11236 EXHIBIT COSTS 1273531 1272828 703 FOOD & BEVERAGE 459461 403767 3317 52377 TAXES & LICENSES 225277 153390 71277 610 286482 251202 11161 24119 22220372 19086269 2094899 1039204 3330099 2444956 14510506 17589024 137113 396132 333662 355688 899760 927891 167707880 26761900 145979295 140945980 43775463 44792426 11539607 13795224 220505505 221247321 1632840 1336934 1166185 923321 38594811 37745936 19700000 19192230 61093836 59198421 X 143706704 146255134 15704965 15793766 159411669 162048900 220505505 221247321 2450958 186273 0 X 0 1 X 1 0 X 113830671 11583925 11477829 7455248 14564573 158912246 113830671 11583925 11477829 7455248 14564573 158912246 96298277 62613969 837573 2404480 2479918 2447677 2891114 11060762 25716 10199 130484 46018 212417 282586 1164956 1297099 1076931 1271689 5093261 175278686 0.35720 0.33350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5023091 13740270 X X 0 38478265 1325000 1060507 1210121 39653651 37067343 301470 2530665 1421213 38478265 34503722 444978 3589481 1470838 37067343 33098464 3353977 1948719 34503722 34607976 -843776 665736 33098464 1.00000 0 0 49650000 49650000 100343901 16510582 83833319 17713979 10251318 7462661 140945980 VEHICLES & OBJECTS AVAILABLE FOR EXHIBIT 13740269 CONSTRUCTION IN PROGRESS 54955 13795224 X 26320212 186273 1591808 1778081 24542131 129199 129199 24671330 23682981 1591808 1591808 22091173 129199 129199 22220372 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, PERMANENT COLLECTION ITEMS PURCHASED BY OR DONATED TO THE FOUNDATION ARE NOT CAPITALIZED IN THE STATEMENT OF FINANCIAL POSITION. THE FOUNDATION'S COLLECTION IS MADE UP OF VEHICLES, MOTORCYCLES AND OBJECTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER EDUCATIONAL PROGRAM ACTIVITIES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. DEACCESSION PROCEEDS ARE REQUIRED BY THE FOUNDATION'S POLICY TO BE APPLIED TO THE ACQUISITION OF OTHER ITEMS FOR THE PERMANENT COLLECTION. THE FOUNDATION ALSO HAS ACCESS TO THE USE OF VEHICLES AND OBJECTS THAT ARE LOANED FROM VARIOUS INDIVIDUALS AND INSTITUTIONS FOR EXHIBIT PURPOSES. PART III, LINE 4: THE COLLECTION IS MADE UP OF RARE AND COLLECTIBLE VEHICLES FOR THE EDUCATION OF THE GENERAL PUBLIC ABOUT TO THE CULTURAL, SOCIAL, TECHNOLOGICAL AND ENVIRONMENTAL DEVELOPMENT AND EFFECTS OF THE AUTOMOBILE. PART V, LINE 4: THE INTENTION OF THE ENDOWMENT IS THAT THE PRINCIPAL BE PRESERVED, AND INFLATION PROTECTED, TO PROVIDE FOR A CONTINUOUS FLOW OF ANNUAL DISTRIBUTIONS TO SUPPORT THE OPERATIONS OF THE FOUNDATION. PART X, LINE 2: THE FOUNDATION IS A CALIFORNIA NONPROFIT CORPORATION AND IS EXEMPT FROM FEDERAL TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CORRESPONDING STATE PROVISIONS. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. DURING THE YEAR ENDED SEPTEMBER 30, 2019, THE FOUNDATION INCURRED DE MINIMIS UNRELATED BUSINESS INCOME TAXES. IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ACCOUNTING STANDARDS CODIFICATION TOPIC NO. 740, UNCERTAINTY IN INCOME TAXES, THE FOUNDATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED SEPTEMBER 30, 2019, THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SOFTWARE SUPPORT, VEHICLE SHIPPING, AND FUNDRAISING AUCTION ITEM 139423 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES PROGRAM ADVERTISING 4000 0 0 0 0 0 0 143423 0 143423 0 0 0 0 0 0 X X X X 1 SUZANNE BUCKNER THE GRANT WRITING COMPANYSUZANNE BUCKNER THE GRANT 25120 SUMMERHILL LANE STEVENSON RANCH CA 91381 GRANT WRITING 0 123000 30000 93000 ELLEN BIRELEY 2119 N DELAWARE ST INDIANAPOLIS IN 46202 EVENT ORGANIZATION 0 65010 8400 56610 AGENCY WON 687 NORMANDY ROAD MOORESVILLE NC 28117 SPONSORSHIP SOLICITATION 0 0 72604 0 188010 111004 149610 CA ANNUAL GALA 1420091 1210427 209664 9463 484949 151512 84500 236848 MEYER GARAGE TOUR 24000 19860 4140 1040 4127 437 1444091 1230287 213804 10503 484949 155639 84500 237285 972876 -759072 SCHEDULE G, PART I, LINE 2B, COLUMN (V) AGENCY WON RECEIVED PAYMENTS DURING THIS FISCAL YEAR FOR FUNDS THAT THEY HAD SOLICITED IN FISCAL YEAR 2018. 0 THE HENRY FORD 20900 OAKWOOD BLVD DEARBORN MI 48124 351359513 501(C)(3) 150000 FMV N/A GENERAL ASSISTANCE NATURAL HISTORY MUSEUM OF LOS ANGELES COUNTY 900 W EXPOSITION BLVD LOS ANGELES CA 90007 956132185 501(C)(3) 12000 FMV 1981 DELOREAN AUTOMOBILE GENERAL ASSISTANCE 2 X X X X 0 0 0 0 0 0 0 1 0 TERRY KARGES EXECUTIVE DIRECTOR 285830 0 0 0 3962 0 10143 0 1206 0 301141 0 0 0 EITAN GINSBURG CFO 147793 0 27000 0 5519 0 6311 0 16924 0 203547 0 0 0 MICHAEL BODELL COO 115604 0 27000 0 0 0 3776 0 7769 0 154149 0 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR'S BONUSES ARE APPROVED BY BOARD OF DIRECTORS AND COMMUNICATED TO THE CFO TO IMPLEMENT BY THE BOARD CHAIRMAN. SOME BONUSES FOR OTHER STAFF MEMBERS ARE PART OF A PRE-STRUCTURED COMPENSATION PACKAGE, DEPENDENT ON WHETHER THEY ACHIEVE CERTAIN GOALS, AND APPROVED BY THE EXECUTIVE DIRECTOR. OTHERS ARE APPROVED AT THE DISCRETION OF THE EXECUTIVE DIRECTOR FOR PARTICULAR MERIT OR REASON. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 000000000 2014-12-04 39600000 RENOVATION OF A BUILDING 0 0 0 A 1854064 39600000 11993 39588007 2015 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 38 3425300 FMV X CAR COVERS 1 5500 FMV 39 0 1 1 PART I, LINE 32B: THE ORGANIZATION AUTOMATICALLY SELLS ALL STOCK DONATION AS SOON AS IT IS RECEIVED. THE ORGANIZATION USES A 3RD PARTY TO SELL THESE STOCKS. PART I, LINE 33: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, PERMANENT COLLECTION ITEMS PURCHASED BY OR DONATED TO THE FOUNDATION ARE NOT CAPITALIZED IN THE STATEMENT OF FINANCIAL POSITION. THE FOUNDATION'S COLLECTION IS MADE UP OF VEHICLES, MOTORCYCLES, AND OBJECTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER EDUCATIONAL PROGRAM ACTIVITIES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. FORM 990, PART VI, SECTION A, LINE 2 TERRY KARGES AND RICHARD VARNER HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY THE CFO. IT IS THEN DISTRIBUTED AND REVIEWED BY ALL THE BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES THE BOARD OF DIRECTORS TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT NOTIFYING OF ANY CHANGES. THESE ARE MONITORED BY THE BOARD CHAIRMAN. TRANSACTIONS POTENTIALLY INVOLVING CONFLICTS ARE DISCLOSED TO BOARD AND INTERESTED PARTY IS RECUSED FROM PARTICIPATION IN THAT DECISION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL OFFICERS IS DETERMINED BY THE BOARD BASED ON MARKET RATES, INDIVIDUAL PAY HISTORY, AND IT IS ALSO COMPARED TO OTHER ORGANIZATIONS OF SIMILAR EMPLOYEE SIZE AND/OR BUDGET SIZE. THIS IS REVIEWED ANNUALLY BY THE BOARD INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. FORM 990, PART VI, SECTION C, LINE 18 ALL INFORMATIONAL RETURN DOCUMENTS ARE AVAILABLE TO THE PUBLIC EITHER THROUGH WWW.GUIDESTAR.ORG OR UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, INFORMATIONAL RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.