2015-08-10T17:24:15-05:00 2014-09-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2013-10-01 954739699 PETERSEN AUTOMOTIVE MUSEUM PETE 3109646356 6060 WILSHIRE BLVD LOS ANGELES CA 90036 EITAN GINSBURG CFO 3109646356 2015-07-29 1 LIOR TEMKIN P00748170 3104773924 2015-07-28 2013 2016-04-25 22:37:26Z TERRY KARGES 6060 WILSHIRE BLVD LOS ANGELES CA 90036 18997261 0 X WWW.PETERSEN.ORG X 1999 CA 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. 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. 7 7 136 100 489479 9705 46454562 13020230 3242537 3944931 515763 1019506 335733 411893 50548595 18396560 0 0 0 0 2824599 3518593 0 0 681217 2840128 4087300 5664727 7605893 44883868 10790667 76949337 91152142 1891771 6209349 75057566 84942793 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. 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 5664516 3761882 PUBLIC EDUCATION PROGRAMS ARE OFFERED TO SCHOOL CHILDREN, SENIORS, FAMILIES, AUTOMOTIVE ENTHUSIAST, AND THE GENERAL PUBLIC THROUGH THE MAY FAMILY FOUNDATION DISCOVERY CENTER, AS WELL AS EXHIBITS AND TOURS. 5664516 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 136 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 7 7 0 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 WILLIAM H AHMANSON DIRECTOR 2.00 X 0 0 0 BRUCE MEYER DIRECTOR 1.00 X 0 0 0 PETER MULLIN CHAIRMAN 5.00 X 0 0 0 LAWRENCE PIRO MD DIRECTOR 1.00 X 0 0 0 DAVID SYDORICK DIRECTOR 1.00 X 0 0 0 RICHARD VARNER DIRECTOR 2.00 X 0 0 0 STEVEN E YOUNG ESQ DIRECTOR 5.00 X 0 0 0 TERRY KARGES EXECUTIVE DIRECTOR 40.00 X 225000 0 1087 EITAN GINSBURG CFO 40.00 X 45853 0 4263 ADAM LANSBARD CMO 40.00 X 78774 0 418 349627 0 5768 1 0 1 0 HOUSE & ROBERTSON 10125 WASHINGTON BLVD CULVER CITY CA 90232 ARCHITECTS 154323 PARK & VELAYOS LLP 801 S FIGUEROA ST 350 LOS ANGELES CA 90017 LEGAL 116142 2 723729 210956 12085545 565500 13020230 MUSEUM ADMISSION FEES 900099 1621869 1621869 MUSEUM USE & SERVICES 900099 1215294 1215294 PARKING INCOME 812930 940596 451117 489479 MEMBERSHIP EVENTS 900099 167172 167172 3944931 823302 823302 89082 0 89082 89082 89082 316204 120000 196204 196204 196204 133244 210956 133244 0 653887 347457 306430 306430 MISCELLANEOUS REVENUE 900099 16381 16381 16381 18396560 3761882 489479 1124969 587331 97332 392667 97332 2517375 2127927 291632 97816 14961 12705 1044 1212 130399 116710 845 12844 268527 210852 42273 15402 50661 50661 93975 44845 47624 1506 54128 54128 366074 75836 290238 275513 241534 33979 402996 326371 22683 53942 117547 114292 28 3227 434168 421143 10854 2171 435863 421570 404 13889 MAINTENANCE & REPAIRS 525569 487124 25163 13282 UTILITIES 440452 427239 11011 2202 EXHIBIT COSTS 324247 324247 BANK & CREDIT CARD FEES 214400 3163 210928 309 351707 287462 22379 41866 7605893 5664516 1260160 681217 87848 398409 4538188 542405 1676788 7239206 165301 115907 89279 168486 19406812 2376475 3100329 17030337 38841180 39932692 28450424 25724700 76949337 91152142 1497588 5776058 330763 394493 63420 38798 1891771 6209349 X 56066305 59161158 18991261 25781635 75057566 84942793 76949337 91152142 X 10790667 2320029 -249469 -2976000 X 0 1 X 1 0 X 1071336 1517095 2496075 2326392 13020228 20431126 1888001 2249148 2933554 3540581 4291965 14903249 2959337 3766243 5429629 5866973 17312193 35334375 352000 731300 828859 5000 10549937 12467096 34321 34321 386321 731300 828859 5000 10549937 12501417 22832958 98433 89016 123948 515763 1228588 2055748 98433 89016 123948 515763 1228588 2055748 7836 13042 113231 147768 16381 298258 3065606 3868301 5666808 6530504 18557162 37688381 0.60580 0.85010 0.05450 0.03740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 5992772 1917800 4074972 814310 432622 381688 12599730 26053 12573677 17030337 UNCONDITIONAL PROMISE TO GIVE 18602745 VEHICLES & OBJECTS AVAIL. FOR EXHIBIT 7121955 25724700 DEPOSIT 38798 38798 X 22338891 2320029 1622302 3942331 18396560 0 18396560 9477664 1871771 1871771 7605893 0 7605893 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, OR IN TEMPORARILY RESTRICTED NET ASSETS IF THE NET ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS; CONTRIBUTED COLLECTION ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSION OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. EACCESSION PROCEEDS ARE REQUIRED BY FOUNDATION POLICY TO BE APPLIED TO THE ACQUISITION OF OTHER ITEMS FOR THE PERMANENT COLLECTION. 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 X, LINE 2: IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, "UNCERTAINTY IN INCOME TAXES" ("ASC 740"), 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. TO DATE, THE FOUNDATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION RECOGNIZES POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. DURING THE YEAR ENDED SEPTEMBER 30, 2014, 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. THE FEDERAL INCOME TAX RETURNS OF THE FOUNDATION ARE SUBJECT TO IRS EXAMINATION FOR THE 2012 THROUGH 2014 TAX YEARS. STATE OF CALIFORNIA INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION FOR THE 2011 THROUGH 2014 TAX YEARS. GALA DINNER 344200 210956 133244 48514 2000 82730 344200 210956 133244 48514 2000 82730 133244 0 1 X X 0 0 0 0 0 0 0 0 0 TERRY KARGES EXECUTIVE DIRECTOR 225000 0 0 0 0 0 0 0 1087 0 226087 0 0 0 PART I, LINE 3 COMPENSATION OF OFFICERS IS DETERMINED BY THE BOARD OF DIRECTORS, FOLLOWING AN EVALUATION OF THE OFFICER AND/OR EMPLOYEE. X 9 565500 SEE SCHEDULE M PART II 0 0 0 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 B, LINE 11 THE INFORMATIONAL RETURN IS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY THE EXECUTIVE DIRECTOR. IT IS THEN PROVIDED TO THE BOARD 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 OF ANY CHANGES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY THE BOARD BASED ON MARKET RATES, INDIVIDUAL PRIOR 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 FOR ANY CHANGES. 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. FORM 990, PART XI, LINE 9: VEHICLES HELD FOR EXHIBIT - PERMANENT COLLECTION -2,976,000.