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Nonprofiteer
← PETERSEN AUTOMOTIVE MUSEUM FOUNDATION

Form 990 for tax year 2023

Filed by PETERSEN AUTOMOTIVE MUSEUM FOUNDATION.

Totals

Total revenue
$25,097,609
Total expenses
$25,688,572
Contributions and grants received
$9,081,909
Grants paid
$3,946
Program service revenue
$8,396,980
Investment income
$1,650,698
Other revenue
$5,968,022
Total assets, end of year
$220,712,649
Total liabilities, end of year
$54,233,132
Net assets or fund balances, end of year
$166,479,517
Program services expenses (Part IX)
$21,353,456
Management and general expenses
$2,556,961
Fundraising expenses
$1,778,155
Program service expenses (Part III)
$21,353,456

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TERRY KARGES

    EXECUTIVE DIRECTOR

    Total calculated
    $509,047
    From this org
    $489,515
    From related orgs
    $0
    Other
    $19,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $351,422
    Bonus
    $135,000
    Other
    $3,093
    Deferred
    $6,851
    Nontaxable benefits
    $12,681
    Filer's total
    $509,047

  • MICHAEL BODELL

    CHIEF OPERATING OFFICER

    Total calculated
    $317,267
    From this org
    $304,117
    From related orgs
    $0
    Other
    $13,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,117
    Bonus
    $75,000
    Other
    $0
    Deferred
    $7,200
    Nontaxable benefits
    $5,950
    Filer's total
    $317,267

  • BRYAN STEVENS

    EXHIBITS DIRECTOR

    Total calculated
    $158,823
    From this org
    $149,709
    From related orgs
    $0
    Other
    $9,114
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,222
    Bonus
    $12,003
    Other
    $2,484
    Deferred
    $5,275
    Nontaxable benefits
    $3,839
    Filer's total
    $158,823

  • LUNA BONDESAN

    MARKETING DIRECTOR

    Total calculated
    $124,127
    From this org
    $121,706
    From related orgs
    $0
    Other
    $2,421
    Hours/week
    40

  • JOHN YANEZ

    CONTROLLER

    Total calculated
    $140,877
    From this org
    $129,058
    From related orgs
    $0
    Other
    $11,819
    Hours/week
    40

  • SANDRA LANDICHO

    CHIEF FINANCIAL OFFICER (END 6/1/23)

    Total calculated
    $122,656
    From this org
    $119,317
    From related orgs
    $0
    Other
    $3,339
    Hours/week
    40

  • LESLIE KENDALL

    CHIEF HISTORIAN

    Total calculated
    $129,477
    From this org
    $120,048
    From related orgs
    $0
    Other
    $9,429
    Hours/week
    40

  • ANNA SONG

    ENGAGEMENT & EX. OFFICE DIRECTOR

    Total calculated
    $123,669
    From this org
    $103,711
    From related orgs
    $0
    Other
    $19,958
    Hours/week
    40

  • TOM TORII

    CHIEF FINANCIAL OFFICER (AS OF 10/2023)

    Total calculated
    $40,308
    From this org
    $39,618
    From related orgs
    $0
    Other
    $690
    Hours/week
    40

  • RICHARD VARNER

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • DAVID SYDORICK

    VICE-CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • PETER MULLIN

    VICE-CHAIR/DIRECTOR (END 9/23)

    Total calculated
    $0
    Hours/week
    4

  • BRUCE MEYER

    VICE-CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • WILLIAM H AHMANSON

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • RICHARD ROEDER

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP SAROFIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIN DI BONA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUAN GONZALEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MCKEEL HAGERTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES NEARBURG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR SABRINA KAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MERLE MULLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHIP CONNOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG PENSKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANZ VON HOLZHAUSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WOLFGANG PORSCHE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DUKE OF RICHMOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOBBY RAHAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE EXECUTIVE DIRECTOR'S BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS AND COMMUNICATED TO THE CFO TO IMPLEMENT BY THE BOARD CHAIRMAN. SOME BONUSES FOR OTHER STAFF MEMBERS ARE PART OF A PRE-STRUCTURED COMPENSATION PACKAGE. DEPENDENT ON WHETHER THEY ACHIEVE CERTAIN GOALS, AND APPROVED BY THE EXECUTIVE DIRCTOR. OTHERS ARE APPROVED AT THE DISCRETION OF THE EXECUTIVE DIRECTOR FOR PARTICULAR MERIT OR REASON.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 August 2024
IRS schema version
2023v5.1
Source object
202412509349301571

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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