Petersen Automotive Museum Foundation
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Explore and present the automobile's global impact through exhibits and events. For fiscal year 2024 it reported $28.0M in revenue, $28.1M in expenses, and $174.5M in net assets.Pt I
Summary of the Filing
Where the work happens
Exhibits programs present the museum and its collection to the general public. This includes the development, production, and implementation of permanent and rotating exhibits, as well as the dissemination of museum content through online channels.
Collections and curatorial programs provide for the acquisition and preservation of collection objects that advance the mission of the museum. These programs include the maintenance and restoration of collection vehicles and other objects.
Educational programs include museum endeavors to expose and teach children and adults about the automobile and its impact on the world and culture. Significant programs include tours for school children in support of their curricula, hands-on training on automotive repair and customization for teens, displaying vehicles in public…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Terry Karges’s $537K as Executive Director is at the 81st percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Terry Karges | $537,070 | $489,515 | $338,846 | $512,833 | $413,335 | $393,216 |
| Michael Bodell | $395,087 | $304,117 | $208,037 | $272,482 | $203,333 | $161,000 |
| Sandra Landicho | — | $119,317 | $238,496 | — | — | — |
| Eitan Ginsburg | — | — | — | $220,055 | $188,533 | $192,706 |
| Tom Torii | $215,973 | $39,618 | — | — | — | — |
| Bryan Stevens | $174,116 | $149,709 | $132,126 | $129,749 | $125,574 | $124,467 |
| Luna Bondesan | $174,075 | $121,706 | — | — | — | — |
| Teresa Sequeira | $143,629 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 84% | — | — |
| Overhead ratio | 12% | — | — |
| Fundraising cost ratio | 13% | — | — |
| Revenue growth | 12% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 1% | — | — |
| Accounting fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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