Petersen Automotive Museum Foundation

Organization Overview

Petersen Automotive Museum Foundation is located in Los Angeles, CA. The organization was established in 2000. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Petersen Automotive Museum Foundation employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petersen Automotive Museum 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, Petersen Automotive Museum Foundation generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DEDICATED TO THE EXPLORATION AND PRESENTATION OF THE AUTOMOBILE AND ITS IMPACT ON GLOBAL LIFE.THE ORGANIZATION CHANGED THE YEAR END TO 12/31 FROM A 9/30 YEAR END.

Describe the Organization's Program Activity:

SEE SCHEDULE O


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rayzman Event Group
Event Planner
$534,687
Drago Culinary Producions
Catering
$393,633
Smart Cleaning Company
Cleaning
$321,943
Freddie George Production Group
Marketing
$282,442
The Scenic Route
Construction & Fabrication
$265,958
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$555,957
Fundraising events$800,130
Related organizations$0
Government grants $1,304,400
All other contributions, gifts, grants, and similar amounts not included above$1,263,751
Noncash contributions included in lines 1a–1f $589,849
Total Revenue from Contributions, Gifts, Grants & Similar$3,924,238
Total Program Service Revenue$1,357,530
Investment income $811,104
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $449,101
Net Gain/Loss on Asset Sales -$60,770
Net Income from Fundraising Events $119,409
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $246,373
Miscellaneous Revenue$0
Total Revenue $7,730,255

Grants Awarded

Over the last fiscal year, Petersen Automotive Museum Foundation has awarded $162,000 in support to 2 organizations.

Grant RecipientAmount

THE HENRY FORD

PURPOSE: GENERAL ASSISTANCE

$150,000

NATURAL HISTORY MUSEUM OF LOS ANGELES COUNTY

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: GENERAL ASSISTANCE

$12,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Petersen Automotive Museum Foundation has recieved totaling $30,000.

Awarding OrganizationAmount
Peter W Mullin Family Charitable Foundation

Oxnard, CA

PURPOSE: SUPPORT THE MUSEUM FOUNDATION

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$47,528,188
Earnings$2,238,214
Net Contributions$65,000
Other Expense$472,161
Ending Balance$49,359,241

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