LEMAY-AMERICAS CAR MUSEUM

EIN: 911867848 501(c)(3) Arts, Culture & Humanities

Tacoma, WA

Total Revenue
$4,255,494
Total Expenses
$5,029,196
Total Assets
$49,635,311
Net Assets
$42,930,846
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
WA
Principal Officer
Christina Hannan
Phone
2537798490
Tax Period
2024-01-01 to 2024-12-31

LEMAY-AMERICAS CAR MUSEUM, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $5.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

The LeMay America's Car Museum preserves and interprets the history and technology of the automobile and its influence on American culture. The museum is dedicated to securing and interpreting the valuable LeMay Collection and to acquiring, preserving and interpreting additional artifacts that explore broad themes of American mobility and lifestyle in an instructive and entertaining manner.

Program Service Accomplishments

Program 1
Expenses: $335,519 Revenue: $1,672,543

Guest Services: The Museum creates an active, involved and social environment for car enthusiasts. It provides engaging and entertaining exhibitions for a broad spectrum of the community. To enhance...

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Guest Services: The Museum creates an active, involved and social environment for car enthusiasts. It provides engaging and entertaining exhibitions for a broad spectrum of the community. To enhance the visitor experience, the Museum offers racing simulators and slot car driving. Attendance in 2024 = 90,000.

Program 2
Expenses: $508,550 Revenue: $15,820

Collection and Exhibitions: The Museum is dedicated to secure and interpret the extensive LeMay car collection as well as to acquire, preserve and interpret additional mobility collections. There are...

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Collection and Exhibitions: The Museum is dedicated to secure and interpret the extensive LeMay car collection as well as to acquire, preserve and interpret additional mobility collections. There are approximately 260 cars in the collection. The Museum breaks the traditional design of static displays of cars by rotating exhibitions from its vast collection and showcasing auto manufacturers' achievements and future directions in design, technology and product development. The Museum opened 2 exhibits in 2024.

Program 3
Expenses: $273,080 Revenue: $261,153

Education: An interactive center for all "students" of automotive history, restoration and preservation. During 2024, the Museum continued to increase its number of education activities, such as...

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Education: An interactive center for all "students" of automotive history, restoration and preservation. During 2024, the Museum continued to increase its number of education activities, such as hosting 3,000 third graders to the Museum. It has established itself as a valuable resource for the Boy Scouts, Girl Scouts and homeschooling communities and positioned itself as a central hub for STEM/STEAM learning.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,514,093
Program Service Revenue $2,288,320
Investment Income $21,257
Other Revenue $431,824
TOTAL REVENUE $4,255,494

Expense Breakdown

Grants Paid $300
Salaries & Benefits $2,501,375
Fundraising Expenses $150,192
Program Expenses $3,859,421
Other Expenses $2,527,521
TOTAL EXPENSES $5,029,196

Year-over-Year Comparison

2024 2023 Change
Revenue $4,255,494 $5,133,404 -0.2%
Expenses $5,029,196 $5,333,322 -0.1%
Net Income $-773,702 $-199,918 +2.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
39
Independent Members
37
Employees
46
Volunteers
107

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$624,883
Total Directors
41
$624,883
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Madeira Vice Chair & CEO,AAT 0.5
Officer Director
$0 $26,972 $365,722
Sandy Colt Controller 20
Highest
$0 $17,130 $152,308
Gary Yamamoto Exec Dir, ACM (left 7/24) 30
Officer Director
$126,509 $16,712 $143,221
Chery Phillips HR Director 20
Highest
$0 $10,231 $129,284
Rob Reed Facilities Manager 40
Highest
$104,088 $15,517 $119,605
Nick Ellis Exec Director, RPM 0.50
Officer Director
$0 $15,488 $115,940
B Corry McFarland Past Chairman (Emeritus) 0.50
Officer Director
$0 $0 $0
William Weyerhaeuser Vice Chair 0.50
Officer Director
$0 $0 $0
Tom Hedges Board Member (Emeritus) 0.50
Director
$0 $0 $0
Stephen Boone Board Member (Emeritus) 0.5
Director
$0 $0 $0
McKeel Hagerty Board Member 0.50
Director
$0 $0 $0
George Ingle Board Member 0.50
Director
$0 $0 $0
Doug LeMay Board Member (Emeritus) 0.50
Director
$0 $0 $0
Nancy LeMay Board Member (Emeritus) 0.50
Director
$0 $0 $0
James Gary May Board Member 0.50
Director
$0 $0 $0
Jamie Will Board Member (Emeritus) 0.50
Director
$0 $0 $0
Dale Bloomquist Board Member 0.50
Director
$0 $0 $0
Manfred Scharmach Board Member 0.50
Director
$0 $0 $0
Michael J Phillips Board Member (Emeritus) 0.50
Director
$0 $0 $0
Gerald Greenfield Board Member 0.50
Director
$0 $0 $0
T G Mittler Board Member 0.50
Director
$0 $0 $0
Michael Towers Chairman 0.50
Officer Director
$0 $0 $0
John Barline Board Member (Emeritus) 0.50
Director
$0 $0 $0
Nicola Bulgari Board Member (Emeritus) 0.50
Director
$0 $0 $0
Rod Alberts Board Member 0.50
Director
$0 $0 $0
Alan Granberg Board Member 0.50
Director
$0 $0 $0
Trevor Cobb Treasurer 1
Officer Director
$0 $0 $0
Frank Chang Board Member 0.50
Director
$0 $0 $0
Michael Holmes Board Member 0.50
Director
$0 $0 $0
Keith Flickinger Board Member 0.50
Director
$0 $0 $0
Steve Saleen Board Member 0.50
Director
$0 $0 $0
Paul Sabatini Board Member 0.50
Director
$0 $0 $0
Sam E Baker Jr Secretary 0.50
Officer Director
$0 $0 $0
Al Ruozzi Board Member 0.50
Director
$0 $0 $0
Jonathan Shaw Board Member 0.50
Director
$0 $0 $0
Doug Clark Board Member 0.50
Director
$0 $0 $0
Jason Wenig Board Member 0.50
Director
$0 $0 $0
Pat Riley Board Member 0.50
Director
$0 $0 $0
Drew Weyerhaeuser Board Member 0.50
Director
$0 $0 $0
Ed Brooks Board Member 0.50
Director
$0 $0 $0
Sandra Button Board Member 0.50
Director
$0 $0 $0
Bruce Wanta Board Member 0.50
Director
$0 $0 $0
Ed Welburn Board Member (Emeritus) 0.50
Director
$0 $0 $0
Gary Gartner Vice Chair (retired Sept 2024) 0.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,255,494 $5,029,196 $49,635,311 $-773,702
2023 $5,133,404 $5,333,322 $51,230,926 $-199,918
2022 $3,907,500 $4,197,003 $51,339,953 $-289,503
2021 $3,774,944 $3,356,673 $51,076,971 $418,271
2020 $3,146,543 $2,697,242 $51,229,122 $449,301
2019 $3,541,208 $3,985,973 $51,763,899 $-444,765
2018 $3,970,028 $4,087,490 $52,660,951 $-117,462
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