2011-08-15T16:38:53-05:00 2010-09-30 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 700 LOS ANGELES CA 900243783 990 2009-10-01 954739699 PETERSEN AUTOMOTIVE MUSEUM PETE 3109646356 6060 WILSHIRE BLVD LOS ANGELES CA 900363605 DH PEPP 3109646356 2011-08-15 1 Lior Temkin 3104773924 2011-08-15 2009 2016-02-24 21:20:13Z DH PEPP 6060 WILSHIRE BLVD LOS ANGELES CA 900363605 3478025 0 X WWW.PETERSEN.ORG X 1999 CA 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. 7 6 52 80 249650 -14253 864632 1071336 2334675 2005627 -25886 14433 152397 223860 3325818 3315256 0 0 1738020 1813626 0 283466 2337373 2205218 4075393 4018844 -749575 -703588 22012521 21223934 936599 875638 21075922 20348296 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. 0 0 3101803 1888001 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. 3101803 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 22 0 1 52 1 1 1 0 0 0 0 1 1 0 0 0 0 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 CA X JOSEPH WICKHAM CFO 3239646364 6060 WILSHIRE BLVD LOS ANGELES CA 900363605 WILLIAM H AHMANSON 2.00 X 0 0 0 BRUCE MEYER 1.00 X 0 0 0 MARGARET M PETERSEN 1.00 X 0 0 0 Lawrence Piro MD 1.00 X 0 0 0 DAVID SYDORICK 1.00 X 0 0 0 WILLIAM H TILLEY 1.00 X 0 0 0 STEVEN E YOUNG 5.00 X 0 0 0 RICHARD MESSER Retired 62010 40.00 X 135000 0 11411 DH PEPP start date 62010 40.00 X 0 0 0 David Hirsch start date 92010 40.00 X 0 0 0 135000 0 11411 1 0 0 0 LADWP PO Box 30808 lOS ANGELES CA 90030 Electricity, Gas & Water 315282 SGM Maintenance 25917 Via Elegante Moreno Valley CA 92551 Janitorial 105622 2 612751 458585 1071336 Parking Income 812930 701547 451897 249650 MUSEUM USE & SERVICES 900099 591016 591016 MUSEUM Admission fees 900099 554820 554820 Membership events 900099 158244 158244 2005627 12924 12924 84000 84000 84000 84000 1909 400 1509 1509 1509 294393 162369 132024 132024 Other income 900099 7836 7836 7836 3315256 1888001 249650 106269 161935 98502 55116 8317 1497636 1096538 298328 102770 9911 7713 1454 744 144144 103846 30642 9656 22738 22738 151329 151329 15900 10395 5505 74339 71633 2706 31241 15916 13970 1355 61522 48266 5449 7807 264229 256302 7927 337843 306951 23490 7402 Utilities 370424 359311 11113 Maintenance & repairs 171179 166044 5135 Janitorial 150235 145728 4507 Exhibit costs 144368 144368 Bank & credit card char 59688 44268 15420 350183 226022 2377 121784 4018844 3101803 633575 283466 78309 114872 314078 135315 10758 758 21369 23295 254716 213780 60234 39191 2098670 1539088 791747 559582 504501 363494 19976809 19773647 22012521 21223934 672951 514101 214748 290250 48900 71287 936599 875638 X 1312867 706254 19763055 19642042 21075922 20348296 22012521 21223934 X 0 1 1 X 0 X 1627336 2299759 2776194 864632 1071336 8639257 2947156 2837282 3280039 2108101 1888001 13060579 4574492 5137041 6056233 2972733 2959337 21699836 110360 160000 94000 126550 352000 842910 44071 160092 727420 122550 34321 1088454 154431 320092 821420 249100 386321 1931364 19768472 28062 62005 53628 114 98433 242242 118255 -1790 -14255 102210 28062 62005 171883 -1676 84178 344452 3188 7836 11024 4602554 5199046 6228116 2974245 3051351 22055312 0.89630 0.90920 0.01560 0.01190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 1521212 1092971 428241 520008 399434 120574 57450 46683 10767 559582 UNCONDITIONAL PROMISE TO GIVE 19491647 VEHICLES & OBJECTS AVAIL. FOR EXHIBIT 282000 19773647 PARKING TAX PAYABLE 43713 SALES TAX PAYABLE 3124 deposit 24450 71287 3315256 4018844 -703588 48454 -72492 -24038 -727626 5053013 48454 1737092 -47789 1737757 3315256 0 3315256 5780639 1809584 1809584 3971055 47789 47789 4018844 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: Description of Uncertain Tax Positions Under FIN 48: On October 1,2009, the Foundation adopted FASB ASC Topic No. 740, "Uncertainty in Income Taxes" ("ASC 740") (formerly FASB Interpretation No. 48 ("FIN 48"), "Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement 109"). In accordance with 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, 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, 2010, 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 may have an effect on its tax-exempt status. Part XII, Line 2d - Other Adjustments: MEMBERSHIP EVENT EXPENSES: -47789. Part XIII, Line 4b - Other Adjustments: MEMBERSHIP EVENT EXPENSES: 47789. X 14 0 APPRAISALS 0 1 0 Non Reporting of Revenue: 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 15a 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 2C: SINCE THE FILING OF PRIOR YEAR 2008 TAX RETURN, THERE HAVE BEEN NO CHANGES TO THE AUDIT OVERSIGHT AND SELECTION PROCESS.