Lemay Family Collection Foundation
- Assets
- $8.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 27-3261388
Organization Overview
Lemay Family Collection Foundation is located in Tacoma, WA. The organization was established in 2013. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lemay Family Collection Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lemay Family Collection Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $673.9k during the year ending 12/2021. While expenses have increased by 6.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
OPERATE MUSEUM FOR CONSERVATION & DISPLAY OF VINTAGE AUTOMOBILES AND RELATED ANTIQUES AS WELL AS OTHER VINTAGE ARTIFACTS FOR THE EDUCATION OF THE GENERAL PUBLIC
EDUCATIONAL TOURS OF HISTORICAL MILITARY ACADEMY & CHAPEL AS WELL AS VARIOUS EVENTS HELD AT THE HISTORICAL BUILDINGS AND GROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trudy Cofchin Executive Director | 40 | $81,370 | |
Nancy Lemay President | 4 | $0 | |
Norman Lemay Vice President | 2 | $0 | |
Douglas Lemay Secretary/treasurer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $952,459 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $14,248 |
| Other Income | $251,944 |
| Total Revenue | $1,218,651 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,370 |
| Other employee salaries and wages | $204,017 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,701 |
| Depreciation | $59,732 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250,425 |
| Total operating and administrative expenses | $672,938 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $673,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,913 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $37,405 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,488,345 |
| Other assets | $6,618,716 |
| Total assets | $8,305,379 |
| Accounts payable and accrued expenses | $5,197 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,321 |
| Total liabilities | $15,518 |
Grants Awarded
Over the last fiscal year, Lemay Family Collection Foundation has awarded $1,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lakewood, WA PURPOSE: FUNDRAISER SUPPORT | $500 |
WASTE CONNECTIONS PURPOSE: BUILD A BIKE PROGRAM | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lemay Family Collection Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Artsfund Seattle, WA PURPOSE: WASHINGTON STATE COMMERCE NONPROFIT COMMUNITY RELIEF GRANT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Experience Learning Community Seattle, WA | $150,532,395 | $23,528,435 |
Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust Seattle, WA | $67,990,835 | $9,421,562 |
Safari Game Search Foundation Winston, OR | $11,893,690 | $8,001,628 |
Flying Heritage & Combat Armor Museum Severett, WA | $57,687,450 | $4,791,140 |
Sno-King Ice Sports Kirkland, WA | $2,403,737 | $2,901,295 |
Columbia River Maritime Museum Inc Astoria, OR | $27,133,708 | $10,271,351 |
Lemay-Americas Car Museum Tacoma, WA | $51,076,971 | $3,774,944 |
Bainbridge Island Museum Of Art Bainbridge Island, WA | $19,171,950 | $2,672,018 |
Bird Aviation Museum And Invention Center Inc Coeur Dalene, ID | $2,243,329 | $40,164 |
Alutiiq Heritage Foundation Kodiak, AK | $6,297,980 | $6,482,918 |
Western Antique Aeroplane Andautomobile Museum Hood River, OR | $6,901,365 | $1,601,440 |
Northwest African American Museum Inc Seattle, WA | $2,508,685 | $2,382,834 |