Overview
What is Petersen Automotive Museum Foundation?
The Petersen Automotive Museum Foundation, located at 6060 Wilshire Boulevard in Los Angeles, California (90036), is a nonprofit organization dedicated to showcasing the history of the automobile and its influence on global life and culture. Through the development, production, and implementation of both permanent and rotating exhibits, as well as the dissemination of museum content via online channels, the Foundation brings the museum and its collection to a wider audience. With a team of 219 employees, the Petersen Automotive Museum Foundation aims to explore and present the intriguing story of the automobile and its far-reaching impact on our world.
Official website here: www.petersen.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Petersen Automotive Museum Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating exceptional financial health and accountability. The high score reflects a strong commitment to transparency and effective governance, with 100% of board members being independent and a comprehensive set of policies in place to manage conflicts of interest and financial oversight.
Strengths of the organization include a robust program expense ratio of 83.13%, demonstrating that a significant portion of its funds is directed towards its mission-related activities. Additionally, the organization has shown remarkable fundraising efficiency with only $0.10 spent to raise each dollar, indicating effective stewardship of donor resources. The financial statements are audited, and the organization maintains a healthy liabilities-to-assets ratio, further confirming its financial stability.
Despite these strengths, feedback does not highlight any specific limitations or challenges faced by the organization, suggesting a well-managed nonprofit with a strong focus on accountability and finance. Overall, the Petersen Automotive Museum Foundation exemplifies best practices in nonprofit governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Petersen Automotive Museum Foundation legitimate?
Petersen Automotive Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Petersen Automotive Museum Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $989,278
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,507,834
For more financial information, click here
Official website here: www.petersen.org
What is the mission statement of Petersen Automotive Museum Foundation?
The Petersen Automotive Museum Foundation is dedicated to exploring and presenting the history of the automobile and its influence on global life and culture. Through exhibits and programs, the museum showcases the development, production, and implementation of permanent and rotating displays. Additionally, the museum broadens its reach by disseminating its content through online channels, allowing a wider audience to engage with its collection.
Official website here: www.petersen.org
What is the revenue of Petersen Automotive Museum Foundation?
Petersen Automotive Museum Foundation's revenue in 2023 was $25,097,609.
Official website here: www.petersen.org
Who are the executives of Petersen Automotive Museum Foundation and what are their salaries?
The average compensation at Petersen Automotive Museum Foundation during 2023 was $40,242. There are 236 employees and 122 volunteers at Petersen Automotive Museum Foundation.
Here are 29 key members and their salaries:
- Compensation: $489,515
- Related: $0
- Other: $19,532
- Compensation: $304,117
- Related: $0
- Other: $13,150
- Compensation: $149,709
- Related: $0
- Other: $9,114
- Compensation: $121,706
- Related: $0
- Other: $2,421
- Compensation: $129,058
- Related: $0
- Other: $11,819
- Compensation: $119,317
- Related: $0
- Other: $3,339
- Compensation: $120,048
- Related: $0
- Other: $9,429
- Compensation: $103,711
- Related: $0
- Other: $19,958
- Compensation: $39,618
- Related: $0
- Other: $690
- Compensation: $0
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Official website here: www.petersen.org
Where can I find the form 990 for Petersen Automotive Museum Foundation?
Petersen Automotive Museum Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.petersen.org
Learn more at the official website: www.petersen.org
Mission Statement of Petersen Automotive Museum Foundation
The Petersen Automotive Museum Foundation is a pioneering organization with a mission to delve into the history of the automobile and its profound influence on global life and culture. Through its exhibits and programs, the Museum engages the general public, showcasing the evolution of vehicles from their inception to the present day.
The Foundation's primary focus lies in the creation and presentation of both permanent and rotating exhibits. These meticulously curated displays breathe life into the Museum, offering visitors an immersive experience as they discover the intricacies of automobile development, production, and implementation. Furthermore, the Foundation disseminates museum content through various digital channels, ensuring a wider reach and accessibility to diverse audiences.
The Petersen Automotive Museum Foundation is dedicated to preserving the rich history of the automobile and its impact on society. By sharing captivating stories, the organization transports visitors back in time, allowing them to appreciate the transformative role of automobiles in our lives and the world around us. From the inception of the first cars to the innovative designs of the modern era, the Petersen Automotive Museum Foundation invites everyone to explore the fascinating journey of automotive history.
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Impact
October, 2024
The Petersen Automotive Museum Foundation significantly impacts the cultural landscape by exploring and presenting the history of the automobile and its influence on global life and culture. Through its exhibits and programs, it brings an extensive collection to the public, showcasing both permanent and rotating exhibitions that delve into the evolution of automotive history.
Moreover, the foundation enhances accessibility and engagement by disseminating museum content through online channels, allowing a broader audience to appreciate the significance of automotive innovation. The foundation’s efforts contribute to a deeper understanding of how automobiles have shaped society, reflecting changes in technology, economy, and lifestyle. By fostering appreciation for this vital aspect of modern history, the foundation plays a crucial role in preserving and interpreting automotive heritage for future generations.
This information is meant to be a general summary of Petersen Automotive Museum Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,431,482
- Program Service Revenue: $8,396,980
- Gross Receipts: $30,215,670
Assets and Liabilities:
- Total Assets: $215,784,582
- Total Liabilities: $54,786,415
- Net Assets: $160,998,167
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM ADMISSION FEES
Revenue
$7,675,454
MEMBERSHIP EVENTS
Revenue
$721,526
Organization Details
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