PETERSEN AUTOMOTIVE MUSEUM FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- PETERSEN AUTOMOTIVE MUSEUM FOUNDATION (EIN 95-4739699)
- Tax period
- 2010-10-01 to 2011-09-30
- Filed
- 2012-08-14
- IRS object ID
- 201242279349304019
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-14T18:15:10-05:00 | Timestamp |
| Tax Period End Date | 2011-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SINGERLEWAK LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10960 WILSHIRE BLVD STE 700 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 900243783 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954739699 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETERSEN AUTOMOTIVE MUSEUM FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PETE | NameControl |
| Phone | 3109646356 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6060 WILSHIRE BLVD | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90036 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TERRY KARGES | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 3109646356 | Phone |
| Date Signed | 2012-08-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LIOR TEMKIN | Name |
| Phone | 3104773924 | Phone |
| Date Prepared | 2012-08-14 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DH PEPP | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6060 WILSHIRE BLVD | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4342060 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.PETERSEN.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1999 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | THE 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 61 | TotalNbrEmployees |
| Total Nbr Volunteers | 87 | TotalNbrVolunteers |
| Total Gross UBI | 228231 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -22396 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1071336 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1517095 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2005627 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2273573 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 14433 | InvestmentIncomePriorYear |
| Investment Income Current Year | -3023 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 223860 | OtherRevenuePriorYear |
| Other Revenue Current Year | 308887 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3315256 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4096532 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1813626 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2029453 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 336688 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2205218 | OtherExpensePriorYear |
| Other Expenses Current Year | 2190497 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4018844 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4219950 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -703588 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -123418 | RevenuesLessExpensesCY |
| Total Assets BOY | 21223934 | TotalAssetsBOY |
| Total Assets EOY | 21158342 | TotalAssetsEOY |
| Total Liabilities BOY | 875638 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 826848 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 20348296 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 20331494 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3266712 | Expense |
| Revenue | 2477379 | Revenue |
| Description | 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. | Description |
| Total Program Service Expense | 3266712 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 34 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 61 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOSEPH WICKHAM CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3239646364 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6060 WILSHIRE BLVD | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90036 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| WILLIAM H AHMANSON | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| BRUCE MEYER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARGARET M PETERSEN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LAWRENCE PIRO MD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVID SYDORICK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM H TILLEY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| STEVEN E YOUNG | ||||||
| CHAIRMAN | 5.00 | X | 0 | 0 | 0 | |
| RICHARD MESSER RETIRED 62010 | ||||||
| MUSEUM DIRECTOR | 40.00 | 67654 | 0 | 6337 | X | |
| DH PEPP | ||||||
| EXECUTIVE DIRECTOR | 40.00 | 70096 | 0 | 0 | X | |
| DAVID HIRSCH RESIGNED 32011 | ||||||
| CFO | 40.00 | 29710 | 0 | 1790 | X | |
| JOSEPH S WICKHAM START DATE 32011 | ||||||
| CFO | 40.00 | 0 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 167460 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 8127 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Membership Dues | 684404 | MembershipDues |
| All Other Contributions | 832691 | AllOtherContributions |
| Total Contributions | 1517095 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| MUSEUM ADMISSION FEES | 900099 | 702585 | 702585 | |
| MUSEUM USE & SERVICES | 900099 | 675639 | 675639 | |
| PARKING INCOME | 812930 | 657244 | 429013 | 228231 |
| MEMBERSHIP EVENTS | 900099 | 238105 | 238105 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2273573 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7995 | TotalRevenueColumn |
| Exclusion | $7,995 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 92039 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 92039 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 92039 | TotalRevenueColumn |
| Exclusion | $92,039 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 2286 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 13304 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -11018 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -11018 | TotalRevenueColumn |
| Exclusion | -$11,018 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 436030 | GrossSalesOfInventory |
| Cost Of Goods Sold | 232224 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 203806 | TotalRevenueColumn |
| Related Or Exempt Function Income | 203806 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 13042 | TotalRevenueColumn |
| Exclusion | $13,042 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 13042 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4096532 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2249148 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 228231 | UnrelatedBusinessRevenue |
| Exclusion | $102,058 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 254379 | Total |
| Program Services | 7526 | ProgramServices |
| Management And General | 157730 | ManagementAndGeneral |
| Fundraising | 89123 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1514047 | Total |
| Program Services | 1186055 | ProgramServices |
| Management And General | 282710 | ManagementAndGeneral |
| Fundraising | 45282 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11959 | Total |
| Program Services | 8201 | ProgramServices |
| Management And General | 2835 | ManagementAndGeneral |
| Fundraising | 923 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89556 | Total |
| Program Services | 82168 | ProgramServices |
| Management And General | 4532 | ManagementAndGeneral |
| Fundraising | 2856 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 159512 | Total |
| Program Services | 107959 | ProgramServices |
| Management And General | 39396 | ManagementAndGeneral |
| Fundraising | 12157 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17146 | Total |
| Program Services | 17146 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76289 | Total |
| Management And General | 76289 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18464 | Total |
| Program Services | 13433 | ProgramServices |
| Fundraising | 5031 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50250 | Total |
| Program Services | 38250 | ProgramServices |
| Fundraising | 12000 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 176894 | Total |
| Program Services | 112644 | ProgramServices |
| Fundraising | 64250 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75100 | Total |
| Program Services | 75100 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 255334 | Total |
| Program Services | 247674 | ProgramServices |
| Management And General | 7660 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 216718 | Total |
| Program Services | 188876 | ProgramServices |
| Management And General | 21276 | ManagementAndGeneral |
| Fundraising | 6566 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| UTILITIES | 324459 | 314725 | 9734 |
| EXHIBIT COSTS | 214009 | 214009 | |
| MAINTENANCE & REPAIRS | 213693 | 207282 | 6411 |
| JANITORIAL | 165655 | 160685 | 4970 |
| BANK & CREDIT CARD FEES | 99863 | 99863 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 286623 | Total |
| Program Services | 185116 | ProgramServices |
| Management And General | 3007 | ManagementAndGeneral |
| Fundraising | 98500 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4219950 | Total |
| Program Services | 3266712 | ProgramServices |
| Management And General | 616550 | ManagementAndGeneral |
| Fundraising | 336688 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114872 | BOY |
| EOY | 141482 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135315 | BOY |
| EOY | 121785 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 758 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23295 | BOY |
| EOY | 56576 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 213780 | BOY |
| EOY | 205658 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39191 | BOY |
| EOY | 61922 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2297953 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1778621 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 559582 | BOY |
| EOY | 519332 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 363494 | BOY |
| EOY | 349834 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19773647 | BOY |
| EOY | 19701753 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21223934 | BOY |
| EOY | 21158342 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 514101 | BOY |
| EOY | 553182 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 290250 | BOY |
| EOY | 229315 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71287 | BOY |
| EOY | 44351 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 875638 | BOY |
| EOY | 826848 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 706254 | BOY |
| EOY | 848852 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19642042 | BOY |
| EOY | 19482642 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20348296 | BOY |
| EOY | 20331494 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21223934 | BOY |
| EOY | 21158342 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -123418 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 106616 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2299759 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2776194 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 864632 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1071336 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1517095 | CurrentTaxYear |
| Total | 8529016 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2837282 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3280039 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2108101 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1888001 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2249148 | CurrentTaxYear |
| Total | 12362571 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5137041 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6056233 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2972733 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2959337 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3766243 | CurrentTaxYear |
| Total | 20891587 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 160000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 94000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 126550 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 352000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 731300 | CurrentTaxYear |
| Total | 1463850 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 160092 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 727420 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 122550 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 34321 | CurrentTaxYearMinus1Year |
| Total | 1044383 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 320092 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 821420 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 249100 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 386321 | CurrentTaxYearMinus1Year |
| Current Tax Year | 731300 | CurrentTaxYear |
| Total | 2508233 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 18383354 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 62005 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 53628 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 114 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 98433 | CurrentTaxYearMinus1Year |
| Current Tax Year | 89016 | CurrentTaxYear |
| Total | 303196 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 118255 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | -1790 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | -14255 | CurrentTaxYearMinus1Year |
| Current Tax Year | -22397 | CurrentTaxYear |
| Total | 79813 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 62005 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 171883 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | -1676 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 84178 | CurrentTaxYearMinus1Year |
| Current Tax Year | 66619 | CurrentTaxYear |
| Total | 383009 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 3188 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7836 | CurrentTaxYearMinus1Year |
| Current Tax Year | 13042 | CurrentTaxYear |
| Total | 24066 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5199046 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6228116 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2974245 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3051351 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3845904 | CurrentTaxYear |
| Total | 21298662 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.86310 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.89630 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.01800 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01560 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1658656 | OtherCostOrOtherBasis |
| Depreciation | 1305128 | Depreciation |
| Book Value | 353528 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 520008 | OtherCostOrOtherBasis |
| Depreciation | 439210 | Depreciation |
| Book Value | 80798 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 119289 | OtherCostOrOtherBasis |
| Depreciation | 34283 | Depreciation |
| Book Value | 85006 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 519332 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| UNCONDITIONAL PROMISE TO GIVE | 19295253 |
| VEHICLES & OBJECTS AVAIL. FOR EXHIBIT | 406500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 19701753 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| PARKING TAX PAYABLE | $4,506 |
| SALES TAX PAYABLE | $2,790 |
| DEPOSIT | $37,055 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 44351 | TotalOfAmounts |
| Total Revenue | 4096532 | TotalRevenue |
| Total Expenses | 4219950 | TotalExpenses |
| Excess Or Deficit For Year | -123418 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -12384 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | 119000 | PriorPeriodAdjustments |
| Total Adjustments | 106616 | TotalAdjustments |
| Excess Or Deficit Per FS | -16802 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 5857993 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -12384 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 1832649 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -58804 | OtherRevenues |
| Revenue Not Rptd F990 | 1761461 | RevenueNotRptdF990 |
| Revenue Subtotal | 4096532 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4096532 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5993795 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 1832649 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 1832649 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4161146 | ExpensesSubtotal |
| Other Expenses Not Included | 58804 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 58804 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4219950 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | THE FOUNDATION'S COLLECTION IS MADE UP OF VEHICLES, MOTORCYCLES, AND OBJECTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER EDUCATIONAL PROGRAM ACTIVITIES. | |
| PART III, LINE 4: | THE COLLECTION IS OF RARE AND COLLECTIBLE VEHICLES FOR THE EDUCATION OF THE GENERAL PUBLIC AS TO THE CULTURAL, SOCIAL AND ENVIRONMENTAL EFFECTS FROM THE RISE OF THE AUTOMOBILE. | |
| PART X: | 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 TAXEXPENSE. DURING THE YEAR ENDED SEPTEMBER 30, 2011, 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 2008 THROUGH 2011 TAX YEARS. STATE OF CALIFORNIA INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION FOR THE 2007 THROUGH 2011 TAX YEARS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| MEMBERSHIP EVENT EXPENSES -58,804. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| MEMBERSHIP EVENT EXPENSES 58,804. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: | |
| PART XI, LINE 7 - PRIOR PERIOD ADJUSTMENT: DURING THE 2010 TAX YEAR, THE FOUNDATION HAD PERFORMED A REVIEW OF ITS VEHICLES AND OBJECTS AVAILABLE FOR EXHIBIT, NOT PART OF THE PERMANENT COLLECTION, AND DETERMINED EIGHT VEHICLES WITH AN ESTIMATED AGGREGATE FAIR VALUE OF $119,000 THAT WERE RECEIVED BETWEEN FISCAL 2000 TO 2009, WERE IMPROPERLY RECORDED AS CONTRIBUTIONS AS OF AND DURING THE YEAR ENDED SEPTEMBER 30, 2011. THEREFORE, A PRIOR PERIOD ADJUSTMENT WAS MADE IN THE AMOUNT OF $119,000. |
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 12 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISALS | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | NON REPORTING OF REVENUE: | Identifier |
| Return Reference | PART I, LINE 33: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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. | |
| 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 12C | |
| 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 B, LINE 15A | |
| ALL INFORMATIONAL RETURN DOCUMENTS ARE AVAILABLE TO THE PUBLIC EITHER THROUGH WWW.GUIDESTAR.ORG OR UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 18 | |
| ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, INFORMATIONAL RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED LOSSES ON INVESTMENTS: -12,384. PRIOR PERIOD ADJUSTMENTS: 119,000. TOTAL TO FORM 990, PART XI, LINE 5: 106,616. | FORM 990, PART XI, LINE 5: |
| DURING THE 2010 TAX YEAR, THE FOUNDATION HAD PERFORMED A REVIEW OF ITS VEHICLES AND OBJECTS AVAILABLE FOR EXHIBIT, NOT PART OF THE PERMANENT COLLECTION, AND DETERMINED EIGHT VEHICLES WITH AN ESTIMATED AGGREGATE FAIR VALUE OF $119,000 THAT WERE RECEIVED BETWEEN FISCAL 2000 TO 2009, WERE IMPROPERLY RECORDED AS CONTRIBUTIONS AS OF AND DURING THE YEAR ENDED SEPTEMBER 30, 2011. THEREFORE, A PRIOR PERIOD ADJUSTMENT WAS MADE IN THE AMOUNT OF $119,000. | FORM 990, PART XI, LINE 5, PRIOR PERIOD ADJUSTMENT: |
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