2016-08-15T13:19:40-05:00 2015-09-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2014-10-01 954739699 PETERSEN AUTOMOTIVE MUSEUM FOUNDATION PETE 3109646356 6060 WILSHIRE BOULEVARD LOS ANGELES CA 90036 TERRY KARGES EXECUTIVE DIRECTOR 3109646356 2016-08-12 1 LAUREN A HAVERLOCK P00545829 3108731600 2014 2016-09-27 15:27:22Z TERRY KARGES 6060 WILSHIRE BOULEVARD LOS ANGELES CA 90036 116782575 0 X WWW.PETERSEN.ORG X 1999 CA DEDICATED TO THE EXPLORATION AND PRESENTATION OF THE AUTOMOBILE AND ITS IMPACT ON AMERICAN LIFE. 10 10 136 135 821088 28629 13020230 113866598 3944931 173069 1019506 -111292 411893 1032128 18396560 114960503 0 0 0 0 3518593 3559623 0 150000 910316 4087300 5974872 7605893 9684495 10790667 105276008 91152142 223291827 6209349 52920747 84942793 170371080 X THE PETERSEN AUTOMOTIVE MUSEUM FOUNDATION IS DEDICATED TO THE EXPLORATION AND PRESENTATION OF THE AUTOMOBILE AND ITS IMPACT ON AMERICAN LIFE AND CULTURE USING LOS ANGELES AS THE PRIME EXAMPLE. THEMUSEUM 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 6957239 194646 PUBLIC EDUCATION PROGRAMS ARE OFFERED TO SCHOOL CHILDREN, SENIORS, FAMILIES, AUTOMOTIVE ENTHUSIASTS, AND THE GENERAL PUBLIC, THROUGH THE MUSEUM EXHIBITS, LECTURES, EVENTS, TOURS, AND PROGRAMS CONDUCTED IN THE COMMUNITY. THE MUSEUM COLLECTS, PRESERVES AND INTERPRETS HISTORICALLY SIGNIFICANT VEHICLES AND AUTOMOTIVE-RELATED ARTIFACTS. PUBLIC PROGRAMS PROVIDE FOCUSED AND DEEPER LEARNING ABOUT THE CONTENT IN THE 25 NEW GALLERIES. THE MUSEUM OFFERS GALLERY TALKS, SPECIAL TOURS, FILM SCREENINGS, AUTHOR PRESENTATIONS, HANDS-ON WORKSHOPS, SEMINARS, AND LECTURES TO ENGAGE ADULT AUDIENCES IN LIFE-LONG LEARNING AND FUN EDUCATIONAL EXPERIENCES. 6957239 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 57 0 1 136 1 1 1 0 0 0 0 1 1 0 0 0 1 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA 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 LAWRENCE PIRO DIRECTOR 1.00 X 0 0 0 TERRY KARGES EXECUTIVE DIRECTOR 40.00 X 285000 0 1034 ADAM LANGSBARD CMO 40.00 X 165652 0 11332 EITAN GINSBURG CFO 40.00 X 97066 0 14245 547718 0 26611 2 0 1 0 WALKER REAL ESTATE SERVICE 1215 S GRAND AVE PASADENA CA 91105 CONSTRUCTION MANAGEMENT 191000 FLASHPOINT GRAPHIX 3620 W VALHALLA DR BURBANK CA 91505 EXHIBIT GRAPHICS AND PRINTING 146657 2 599963 532017 112734618 91752558 113866598 MUSEUM ADMISSION FEES 900099 98611 98611 MEMBERSHIP EVENTS 900099 57595 57595 MUSEUM USE AND SERVICES 900099 16863 16863 173069 814555 814555 23018 0 23018 23018 23018 618454 631631 912670 -13177 -912670 -925847 -925847 89670 532017 205811 -116141 -116141 93537 71960 21577 21577 PARKING FEES 812930 1033057 821088 211969 OTHER INCOME 900099 70617 70617 1103674 114960503 194646 821088 78171 613351 408722 130237 74392 2490563 1645987 536663 307913 12786 11883 891 12 195946 158854 25849 11243 246977 176395 43678 26904 477444 477444 85787 85787 150000 150000 151918 78151 73767 138800 100494 38306 168524 118935 14146 35443 96376 62635 22076 11665 690164 669693 16837 3634 105055 66355 1708 36992 400000 400000 1746497 1694103 43662 8732 462522 374969 61015 26538 FINANCE CHARGES 756338 453273 302517 548 AUTOMOBILE MAINTENANCE 167002 158244 6051 2707 EXHIBIT COSTS 152163 151353 810 FOOD AND BEVERAGE 134840 86936 3100 44804 241442 140257 45279 55906 9684495 6957239 1816940 910316 398409 5416927 542405 18602745 16636621 7239206 166285 115907 136955 168486 173706 162088831 2422089 17030337 159666742 39932692 33098464 7121955 7996127 91152142 223291827 5776058 12585346 394493 335401 40000000 38798 0 6209349 52920747 X 59161158 163900832 25781635 6470248 84942793 170371080 91152142 223291827 X 105276008 -1530964 -18316757 X 0 1 X 1 0 X 1517095 2496075 2326392 13020230 113830671 133190463 1517095 2496075 2326392 13020230 113830671 133190463 97350674 35839789 100034 116379 197075 912384 837573 2163445 13042 113231 147768 16381 282586 573008 135926916 13331452 0.26370 0.60580 X 0.60580 0.05450 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 885000 7996127 X X 0 34607976 -843776 665736 33098464 32663526 2944450 1000000 34607976 0 32492102 546424 375000 32663526 1.00000 0 0 49650000 49650000 40550000 953098 39596902 4265768 1468991 2796777 67623063 67623063 159666742 95450129 -1530964 331897 -18311307 -19510374 114960503 0 114960503 10021842 331897 5450 337347 9684495 0 9684495 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 CATALOGED, 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 FOUNDATION 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 XI, LINE 2D - OTHER ADJUSTMENTS: REVERSAL OF UNCONDITIONAL PROMISE TO GIVE THE USE OF A BUILDING -18,311,307. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 5,450. X X X X X 1 SOUTH COAST PARTNERSHIPS INC 3197 AIRPORT LOOP DR SUITE E COSTA MESA CA 92626 CORP DONATIONS 0 750000 150000 600000 750000 150000 600000 CA ANNUAL GALA DINNER 621687 532017 89670 67762 41167 96882 621687 532017 89670 67762 41167 96882 205811 -116141 X X X 0 0 0 0 0 0 0 0 0 TERRY KARGES EXECUTIVE DIRECTOR 285000 0 0 0 0 0 0 0 1034 0 286034 0 0 0 ADAM LANGSBARD CMO 165652 0 0 0 0 0 3577 0 7755 0 176984 0 0 0 A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 000000000 2014-12-04 39600000 RENOVATION OF A BUILDING 0 0 0 A 39600000 11993 39588007 2015 0 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 5000 FMV X 10 885000 FMV X 5 631631 FMV X 1 90200000 FMV X AUTO PARTS 1 19130 FMV X AUDIO EQUIP. 1 11797 FMV 10 0 0 0 PART I, COLUMN (B): NONCASH DONATIONS ARE LISTED BY TOTAL NUMBER OF DONORS. FORM 990, PART VI, SECTION B, LINE 11 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 THE CONFLICT OF INTEREST STATEMENT NOTIFYING THEM OF ANY CHANGES. 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 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: REVERSAL OF UNCONDITIONAL PROMISE TO GIVE THE USE OF A BUILDING -18,311,307. BAD DEBT EXPENSE -5,450.