Civic Intelligence

Lemay-Americas Car Museum

EIN 91-1867848 • 501(c)3 • Tacoma, WA

View Organization Page

Profile

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.

2702 East D StreetTacoma, WA 98421

www.lemaymuseum.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.14x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

1.58x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

11th percentile

-18%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$365,722

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

19th percentile

-3.1%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-17%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$49,635,311

Down $1,595,615 (-3.1%) from 2023

Liabilities

Down

$6,704,465

Down $821,909 (-11%) from 2023

Net Assets

Down

$42,930,846

Down $773,706 (-1.8%) from 2023

Operations
Liabilities / Revenue84th percentileNet Margin11th percentile

Revenue

Down

$4,255,494

Down $877,910 (-17%) from 2023

Expenses

Down

$5,029,196

Down $304,126 (-5.7%) from 2023

Net Income

Down

-$773,702

Down $573,784 (-287%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $90,484,813Liabilities 2010: $46,859,831Net Assets 2010: $43,624,9822010Assets 2011: $91,476,101Liabilities 2011: $48,651,488Net Assets 2011: $42,824,6132011Assets 2012: $54,849,873Liabilities 2012: $6,390,299Net Assets 2012: $48,459,5742012Assets 2013: $52,840,688Liabilities 2013: $5,457,700Net Assets 2013: $47,382,9882013Assets 2014: $53,067,973Liabilities 2014: $4,209,638Net Assets 2014: $48,858,3352014Assets 2015: $48,304,171Liabilities 2015: $1,684,259Net Assets 2015: $46,619,9122015Assets 2016: $45,382,097Liabilities 2016: $666,581Net Assets 2016: $44,715,5162016Assets 2017: $54,278,469Liabilities 2017: $7,506,498Net Assets 2017: $46,771,9712017Assets 2018: $52,660,951Liabilities 2018: $7,198,165Net Assets 2018: $45,462,7862018Assets 2019: $51,763,899Liabilities 2019: $7,102,948Net Assets 2019: $44,660,9512019Assets 2020: $51,229,122Liabilities 2020: $6,218,687Net Assets 2020: $45,010,4352020Assets 2021: $51,076,971Liabilities 2021: $6,711,962Net Assets 2021: $44,365,0092021Assets 2022: $51,339,953Liabilities 2022: $7,377,959Net Assets 2022: $43,961,9942022Assets 2023: $51,230,926Liabilities 2023: $7,526,374Net Assets 2023: $43,704,5522023Assets 2024: $49,635,311Liabilities 2024: $6,704,465Net Assets 2024: $42,930,8462024

Highlighted filing

2024

Assets$49,635,311
Liabilities$6,704,465
Net Assets$42,930,846
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2010: $20,591,929Expenses 2010: $3,875,132Net Income 2010: $16,716,7972010Revenue 2011: $5,230,684Expenses 2011: $6,031,053Net Income 2011: -$800,3692011Expenses 2012: $6,367,0752012Revenue 2013: $7,142,421Expenses 2013: $7,288,733Net Income 2013: -$146,3122013Revenue 2014: $8,710,346Expenses 2014: $6,957,455Net Income 2014: $1,752,8912014Revenue 2015: $5,508,086Expenses 2015: $7,169,508Net Income 2015: -$1,661,4222015Revenue 2016: $6,208,719Expenses 2016: $6,507,470Net Income 2016: -$298,7512016Revenue 2017: $4,043,890Expenses 2017: $4,221,742Net Income 2017: -$177,8522017Revenue 2018: $3,970,028Expenses 2018: $4,087,490Net Income 2018: -$117,4622018Revenue 2019: $3,541,208Expenses 2019: $3,985,973Net Income 2019: -$444,7652019Revenue 2020: $3,146,543Expenses 2020: $2,697,242Net Income 2020: $449,3012020Revenue 2021: $3,774,944Expenses 2021: $3,356,673Net Income 2021: $418,2712021Revenue 2022: $3,907,500Expenses 2022: $4,197,003Net Income 2022: -$289,5032022Revenue 2023: $5,133,404Expenses 2023: $5,333,322Net Income 2023: -$199,9182023Revenue 2024: $4,255,494Expenses 2024: $5,029,196Net Income 2024: -$773,7022024

Highlighted filing

2024

Revenue$4,255,494
Expenses$5,029,196
Net Income-$773,702
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$49,635,311
Liabilities
$6,704,465
Net assets
$42,930,846
Revenue
$4,255,494
Expenses
$5,029,196
Net income
-$773,702
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.6$6.70$42.9$4.26$5.03$0.77
2023Summary only. Only limited summary data is available for this year.$51.2$7.53$43.7$5.13$5.33$0.20
2022Summary only. Only limited summary data is available for this year.$51.3$7.38$44.0$3.91$4.20$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.1$6.71$44.4$3.77$3.36$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.2$6.22$45.0$3.15$2.70$0.45
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.8$7.10$44.7$3.54$3.99$0.44
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.7$7.20$45.5$3.97$4.09$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.3$7.51$46.8$4.04$4.22$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.4$0.67$44.7$6.21$6.51$0.30
2015Detailed filing. Detailed filing data is available for this year.$48.3$1.68$46.6$5.51$7.17$1.66
2014Detailed filing. Detailed filing data is available for this year.$53.1$4.21$48.9$8.71$6.96$1.75
2013Detailed filing. Detailed filing data is available for this year.$52.8$5.46$47.4$7.14$7.29$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.8$6.39$48.5$6.37
2011Summary only. Only limited summary data is available for this year.$91.5$48.7$42.8$5.23$6.03$0.80
2010Summary only. Only limited summary data is available for this year.$90.5$46.9$43.6$20.6$3.88$16.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 1, 2025
Return Version
2024v5.0
Gross Receipts
$4,914,720
Mission and Program Overview

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.

To preserve and interpret the history and technology of the automobile and its influence on American culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$38,439,618$37,451,009▼ $988,609
Pledges and Grants Receivable$2,838,694$2,913,576▲ $74,882
Accounts Receivable$2,534,479$2,041,777▼ $492,702
Other Notes and Loans Receivable, Net$2,001,014$1,951,380▼ $49,634
Cash and Non-Interest-Bearing Accounts$1,224,149$973,844▼ $250,305
Inventories for Sale or Use$361,076$336,560▼ $24,516
Savings and Temporary Cash Investments$96,849$115,950▲ $19,101
Prepaid Expenses and Deferred Charges$53,656$51,226▼ $2,430
Total Assets$51,230,926$49,635,311▼ $1,595,615
Other Assets Total$3,681,391$3,799,989▲ $118,598
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,776,711$5,486,788▼ $289,923
Other Liabilities$962,105$872,239▼ $89,866
Accounts Payable and Accrued Expenses$787,558$345,438▼ $442,120
Total Liabilities$7,526,374$6,704,465▼ $821,909
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,795,829$39,234,037▼ $561,792
Net Assets With Donor Restrictions$3,908,723$3,696,809▼ $211,914
Total Net Assets Fund Balance$43,704,552$42,930,846▼ $773,706
Total Liabilities and Net Assets / Fund Balance$51,230,926$49,635,311▼ $1,595,615

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,814,825$9,657,767$26,472,592
Land$14,788,191-$14,788,191
Other Land Buildings$5,426,793$221,242$5,648,035
Equipment$101,318$3,452,285$3,553,603
Leasehold Improvements$319,882$1,055,161$1,375,043
Other Assets Org$3,799,989--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$530,000$0→ $0$0$530,000
2023$30,000$500,000→ $0$0$530,000
2022$20,000$10,000→ $0$0$30,000
2021$20,000$0→ $0$0$20,000
2020$20,000$0→ $0$0$20,000
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary YamamotoExec Dir, ACM (left 7/24)PT$126,509$16,712$143,221
Chery PhillipsHR DirectorPT-$129,284$129,284
Rob ReedFacilities ManagerFT$104,088$15,517$119,605
Nick EllisExec Director, RPM--$115,940$115,940

Board Members and Trustees

NameTitle
Michael TowersChairman
B Corry McFarlandPast Chairman (Emeritus)
William WeyerhaeuserVice Chair
David MadeiraVice Chair & CEO,AAT
Gary GartnerVice Chair (retired Sept 2024)
Al RuozziBoard Member
Alan GranbergBoard Member
Bruce WantaBoard Member
Dale BloomquistBoard Member
Doug ClarkBoard Member
Drew WeyerhaeuserBoard Member
Ed BrooksBoard Member
Frank ChangBoard Member
George IngleBoard Member
Gerald GreenfieldBoard Member
James Gary MayBoard Member
Jason WenigBoard Member
Jonathan ShawBoard Member
Keith FlickingerBoard Member
Manfred ScharmachBoard Member
McKeel HagertyBoard Member
Michael HolmesBoard Member
Pat RileyBoard Member
Paul SabatiniBoard Member
Rod AlbertsBoard Member
Sandra ButtonBoard Member
Steve SaleenBoard Member
T G MittlerBoard Member
Doug LeMayBoard Member (Emeritus)
Ed WelburnBoard Member (Emeritus)
Jamie WillBoard Member (Emeritus)
John BarlineBoard Member (Emeritus)
Michael J PhillipsBoard Member (Emeritus)
Nancy LeMayBoard Member (Emeritus)
Nicola BulgariBoard Member (Emeritus)
Stephen BooneBoard Member (Emeritus)
Tom HedgesBoard Member (Emeritus)
Sandy ColtController
Sam E Baker JrSecretary
Trevor CobbTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,514,093
Program Service Revenue
$2,288,320
Investment Income
$21,257
Other Revenue
$431,824
All Other Contributions
$801,633
Change in Net Assets
$-773,702

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles7$170,098Fair Market Value (FMV)
Other Non Cash Contri Table9$13,668Fair Market Value (FMV)
Total Noncash Contributions16$183,766-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,066,110
Revenue Not Reported on Financial Statements
$189,384
Revenue Not Reported on Form 990
$14,537
Other Revenue Adjustments
$189,384
Total Revenue per Audited Statements
$4,080,647
Total Revenue per Form 990
$4,255,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,527,521
Salaries, Compensation, and Employee Benefits$2,501,375
Total Fundraising Expense$150,192
Grants and Similar Amounts Paid$300
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,409,627$311,836$116,723$1,838,186
Depreciation Depletion$1,011,810$0$0$1,011,810
Advertising$23,170$224,817$0$247,987
Other Employee Benefits$200,591$32,254$10,950$243,795
Payroll Taxes$164,005$45,112$12,800$221,917
Fees for Services Other$155,011$14,844$0$169,855
Other Expenses$168,026$0$0$168,026
Office Expenses$137,961$24,899$57$162,917
Current Officers, Directors, Trustees, and Key Employees$0$141,465$0$141,465
Insurance$64,800$75,400$0$140,200
Interest$116,914$0$0$116,914
All Other Expenses$82,579$13,803$6,300$102,682
Occupancy$96,779$0$0$96,779
Pension Plan Contributions$31,434$22,017$2,561$56,012
Fees for Services Lobbying$0$37,500$0$37,500
Travel$18,215$17,477$317$36,009
Information Technology$29,019$5,937$0$34,956
Fees for Services Accounting$0$20,992$0$20,992
Grants to Domestic Orgs$300--$300
Total Functional Expenses$3,859,421$1,019,583$150,192$5,029,196

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,043,736
Expenses per Audited Statements$5,029,196
Total Expenses per Form 990$5,029,196
Expenses Not Reported on Form 990$14,540
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
B Corry McFarlandBoard Officer30-day Loan to OrganizationNo$176,667
Michael TowersBoard Officer30-day Loan to OrganizationNo$176,667
William WeyerhaeuserBoard Officer30-day Loan to OrganizationNo$176,666
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entities$872,239
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 35% controlled entity
No
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
Yes
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 2

“Nancy and Doug Lemay, board directors, have a family relationship. Several board members have outside business relationships with each other. None of these businesses has a relationship with LeMay - America's Car Museum.”

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

“The Form 990 is reviewed by the finance committee chair, sent to the VP of Finance 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/she informs the board of any contracts or relationships which may contain a potential conflict. Board members associated with the potential conflict of interest are asked to leave the room during any discussions and voting on of the transaction. Board members sign their own Conflict of Interest Statement. The executive assistant ensures all statements are completed and filed from each board member.”

Form 990, Part VI, Section B, Line 15

“The VP of Finance's wages are reviewed each year by the Vice Chair, using the associated market surveys and overall performance for the year. The VP of Finance's wages were last adjusted in 2024. Other management wages are reviewed by the VP of Finance and adjusted according to market surveys every 3-4 years, depending on when the last review was conducted.”

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 organization's website.”

Filing and Contact Details

Filer

Filer Name
Lemay-americas Car Museum
EIN
91-1867848
Phone
2537798490
Address
2702 East D Street, Tacoma, WA 98421

Signing Officer

Name
Christina Hannan
Title
VP of Finance
Phone
2537798490
Signed
2025-10-01

Organization Details

Principal Officer
Christina Hannan
Formed
1997
Legal Domicile
Wa
Voting Board Members
39
Independent Board Members
37
Employees
46
Volunteers
107
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Rounding.”

Financial Statement Notes

Schedule D, Part III, Line 1

“The Museum's collection consists of automobiles and other memorabilia that are held for education and curatorial purposes. The Museum has policies in place to ensure that the collection is adequately displayed, stored, protected, and maintained. The collection has been acquired through purchases and contributions since the Museum's inception. The Museum has adopted a policy of not capitalizing the collection in its financial statements. Accordingly, no collection items are recognized as assets, whether they are purchased or received as a donation. Purchases of collection items reduce net assets in the period when purchased. Proceeds from sales or insurance recoveries are recorded as increases in net assets when received. It is the policy of the Museum that proceeds from the sale of any collection items are to be used to purchase additional collection items.”

Schedule D, Part III, Line 4

“The LeMay car collection serves as a showcase for auto manufacturers' achievements and future direction in design, technology and product development. The cars are used in the interactive educational center for interpreting automotive history and demonstrating restoration and preservation.”

Schedule D, Part V, Line 1B

“The Museum interprets the accounting as cash basis by the IRS' use of "contribution received" in its instructions.”

Schedule D, Part V, Line 4

“General Operations.”

Schedule D, Part X, Line 2

“The Museum 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 Museum recognizes interest and penalties related to income tax matters in income tax expense, if applicable. As of December 31, 2024, the Museum is not aware of any uncertain tax positions that require accrual.”

Schedule D, Part XI, Line 4B

“Realized Loss on sale of assets ($203,617) and deaccession of classic cars from the collection, $393,000 + 1 rounding = $189,384.”

Raw XML AppendixShowing 400 of 1,169 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Tacoma
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
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