Civic Intelligence

Lemay-Dome Parking Association

990 • Fiscal year 2017 • EIN 27-2511735

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 24, 2018

2702 East D StreetTacoma, WA 98421

(253) 779-8490

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.10x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

5.21x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

94th percentile

$293,859

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 53.1% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

85th percentile

28%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

93%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,631,865

Up $580,190 (+28%) from 2016

Net Assets

Up

-$253,923

Up $37,398 (+13%) from 2016

Liabilities

Up

$2,885,788

Up $542,792 (+23%) from 2016

Revenue

Up

$553,559

Up $266,586 (+93%) from 2016

Expenses

Up

$459,944

Up $48,909 (+12%) from 2016

Net Income

Up

$93,615

Up $217,677 (+175%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2014: $2,342,678Liabilities 2014: $2,430,615Net Assets 2014: -$87,9372014Assets 2015: $2,278,889Liabilities 2015: $2,490,317Net Assets 2015: -$211,4282015Assets 2016: $2,051,675Liabilities 2016: $2,342,996Net Assets 2016: -$291,3212016Assets 2017: $2,631,865Liabilities 2017: $2,885,788Net Assets 2017: -$253,9232017Assets 2018: $2,338,091Liabilities 2018: $2,682,995Net Assets 2018: -$344,9042018Assets 2019: $2,331,196Liabilities 2019: $2,629,333Net Assets 2019: -$298,1372019Assets 2020: $2,040,680Liabilities 2020: $2,874,394Net Assets 2020: -$833,7142020Assets 2021: $1,796,856Liabilities 2021: $2,687,083Net Assets 2021: -$890,2272021Assets 2022: $1,710,008Liabilities 2022: $2,566,978Net Assets 2022: -$856,9702022Assets 2023: $1,641,277Liabilities 2023: $2,506,880Net Assets 2023: -$865,6032023Assets 2024: $1,397,481Liabilities 2024: $2,444,382Net Assets 2024: -$1,046,9012024

Highlighted filing

2017

Assets$2,631,865
Liabilities$2,885,788
Net Assets-$253,923

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $263,988Expenses 2014: $174,505Net Income 2014: $89,4832014Revenue 2015: $320,197Expenses 2015: $483,431Net Income 2015: -$163,2342015Revenue 2016: $286,973Expenses 2016: $411,035Net Income 2016: -$124,0622016Revenue 2017: $553,559Expenses 2017: $459,944Net Income 2017: $93,6152017Revenue 2018: $342,796Expenses 2018: $465,024Net Income 2018: -$122,2282018Revenue 2019: $557,677Expenses 2019: $429,168Net Income 2019: $128,5092019Revenue 2020: $32,425Expenses 2020: $397,888Net Income 2020: -$365,4632020Revenue 2021: $178,190Expenses 2021: $349,511Net Income 2021: -$171,3212021Revenue 2022: $261,167Expenses 2022: $458,330Net Income 2022: -$197,1632022Revenue 2023: $402,658Expenses 2023: $411,289Net Income 2023: -$8,6312023Revenue 2024: $709,829Expenses 2024: $891,127Net Income 2024: -$181,2982024

Highlighted filing

2017

Revenue$553,559
Expenses$459,944
Net Income$93,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 24, 2018
Return Version
2017v2.0
Gross Receipts
$553,559
Mission and Program Overview

Mission

Lemay Dome Parking Association provides supporting services to Lemay-America's Car Museum.

Lemay-Dome Parking Association provides supporting services to Lemay-America's Car Museum, a nonprofit, 501(c)(3) organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,464,044$1,436,184▼ $27,860
Cash and Non-Interest-Bearing Accounts$24,890$63,624▲ $38,734
Pledges and Grants Receivable-$50,000-
Total Assets$2,051,675$2,631,865▲ $580,190
Other Assets Total$562,741$1,082,057▲ $519,316
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,281,035$2,584,049▲ $303,014
Other Liabilities$22,053$244,329▲ $222,276
Accounts Payable and Accrued Expenses$39,908$57,410▲ $17,502
Total Liabilities$2,342,996$2,885,788▲ $542,792
Net Assets / Fund Balance
Temporarily Rstr Net Assets$0$75,000▲ $75,000
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-291,321$-328,923▼ $37,602
Total Net Assets Fund Balance$-291,321$-253,923▲ $37,398
Total Liabilities and Net Assets / Fund Balance$2,051,675$2,631,865▲ $580,190

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,436,184$414,424$1,850,608
Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Other Assets Org$1,082,057--
Compensation and Service Providers

Board Members and Trustees

NameTitle
B Corry McFarlandChairman
Paul E MillerPresident & COO
William T WeyerhaeuserVice Chairman
James M WillBoard Member
Manfred ScharmachBoard Member
McKeel HagertyBoard Member
David L MadeiraCEO
John D BarlineSecretary
Karl AndersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$478,559
All Other Contributions
$75,000
Change in Net Assets
$93,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$459,944
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$138,766$0$0$138,766
Interest$134,825$0$0$134,825
Other Expenses$26,292$0$0$26,292
Fees for Services Other$16,082$0$0$16,082
Occupancy$15,692$0$0$15,692
Office Expenses$3,623$0$0$3,623
Total Functional Expenses$459,944$0$0$459,944
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Karl AndersonBusiness RelationshipLoan Guarantee FeeNo$24,748
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entities$166,059
Obligation Under Interest Rate SWAP$78,270
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The board has no assigned committees.

Form 990, Part VI, Section B, Line 11B

The Form 990 is reviewed by the President for final approval and then made available to the remainder of the board before IRS submission.

Form 990, Part VI, Section B, Line 12C

Each year at the annual meeting of the board of directors, the chairman reviews the Conflict of Interest Policy. He informs the board of any contracts or relationships which may contain a potential conflict. The board members sign their own Conflict of Interest Statement. The board votes on any contract or matters where conflicts any exist. The executive assistant forwards a conflict of interest statement to each member unable to attend the meeting. She ensures all statements are completed and returned.

Form 990, Part VI, Section C, Line 19

The organization's conflict of interest policy is available upon request and financial statements and Form 990 are available on the Museum's website.

Filing and Contact Details

Filer

Filer Name
LeMay Dome Parking Association
EIN
27-2511735
Phone
2537798490
Address
2702 East D Street, Tacoma, WA 98421

Signing Officer

Name
Paul E Miller
Title
President
Phone
2537798490
Signed
2018-10-24

Organization Details

Principal Officer
Paul E Miller
Formed
2009
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
7
Employees
0
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in Value of Interest SWAP

Financial Statement Notes

Schedule D, Part X, Line 2

The organization evaluates its uncertain tax positions and a loss contingency is recognized only when it is more likely than not the tax position will not be sustained on examination by tax authorities, based on technical merits of the position. The organization recognizes interest and penalties related to income tax matters in income tax expense, if applicable. As of December 31, 2017, the organization is not aware of any uncertain tax positions that require accrual.

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt050000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Paul E Miller
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0411035
IRS990/PYOtherRevenueAmt0286973
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-124062
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0411035
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0286973
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt093615
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0911867848
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LeMay America's Car Museum
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01082057
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Related Entities
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01436184
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0414424
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01850608
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0166059
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt178270
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Related Entities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Obligation Under Interest Rate SWAP
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization evaluates its uncertain tax positions and a loss contingency is recognized only when it is more likely than not the tax position will not be sustained on examination by tax authorities, based on technical merits of the position. The organization recognizes interest and penalties related to income tax matters in income tax expense, if applicable. As of December 31, 2017, the organization is not aware of any uncertain tax positions that require accrual.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01436184
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01082057
IRS990ScheduleD/TotalLiabilityAmt0244329
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt025000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt125000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0216881
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1180254
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt030348
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt125467
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt021630
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt119012
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0David L Madeira
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Paul E Miller
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO

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