Museum Associates

Organization Overview

Museum Associates, operating under the name Los Angeles County Museum Of Art (lacma), is located in Los Angeles, CA. The organization was established in 1944. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Los Angeles County Museum Of Art (lacma) employed 522 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles County Museum Of Art (lacma) 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 06/2019, Los Angeles County Museum Of Art (lacma) generated $287.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $120.9m during the year ending 06/2019. While expenses have increased by 2.1% per year over the past 5 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.

Since 2015, Los Angeles County Museum Of Art (lacma) has awarded 11 individual grants totaling $1,857,724. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXHIBITION, CURATORIAL, CONSERVATION & ART PROGRAMSLACMA PRESENTED 9 EXHIBITIONS AND PERMANENT COLLECTION INSTALLATIONS IN FISCAL 2020-2021, FEATURING ARTWORKS FROM ITS OWN COLLECTION AND FROM LENDERS AROUND THE WORLD. PUBLIC PROGRAMS, FILMS, AND CONCERTS ARE DEVELOPED IN COORDINATION WITH SPECIAL EXHIBITIONS. MANY WORKS FROM THE MUSEUM'S COLLECTION OF MORE THAN 147,000 OBJECTS ARE TREATED BY CONSERVATORS, WHILE THE MUSEUM'S RESEARCH LIBRARY AND SCHOLARLY PUBLICATIONS PROVIDE REFERENCE SUPPORT TO MUSEUM STAFF AND OUTSIDE SCHOLARS. ALL OF THESE ACTIVITIES SERVE TO MEET THE GOALS OF CONSERVATION, EXHIBITION AND INTERPRETATION OF THE ART INTO MEANINGFUL AESTHETIC, INTELLECTUAL, AND CULTURAL EXPERIENCES.


FACILITY ENHANCEMENTIN FISCAL 2020-2021, LACMA CONTINUED WORK TOWARDS A MAJOR, NEW MUSEUM BUILDING. MOST OF THESE COSTS WERE CAPITALIZED AND ARE NOT REFLECTED ON THIS LINE. THIS CATEGORY OF EXPENSE ALSO REFLECTS FINANCING AND DEPRECIATION EXPENSE REPRESENTING AMORTIZATION OF THE CAPITALIZED COSTS OF CONSTRUCTING THE MUSEUM'S PHYSICAL FACILITIES, AN ACTIVITY THAT IS ONE OF THE CORE REASONS MUSEUM ASSOCIATES WAS FOUNDED.


PUBLIC AND PROTECTIVE SERVICES AND ENGAGEMENTIT IS A MUSEUM GOAL TO CONTINUOUSLY EXPAND AND SERVE AUDIENCES OF ALL AGES, ETHNICITIES, AND SOCIO-ECONOMIC BACKGROUNDS BY CREATING WELCOMING ENVIRONMENTS AND PROGRAMS. THIS IS ACCOMPLISHED THROUGH A VARIETY OF MEANS, INCLUDING ON-SITE STAFF AND CONTRACTORS PROTECTING ART AND PROVIDING SERVICE TO THE PUBLIC, SPECIAL EVENTS, PROMOTIONAL CAMPAIGNS, CAMPUS WAY-FINDING MEDIA, AND THE MUSEUM MAGAZINE.


THE MUSEUM COLLECTS WORKS OF ART IN ALL MEDIA, FROM EVERY HISTORICAL PERIOD, AND FROM EVERY CORNER OF THE GLOBE TO ENHANCE ITS PERMANENT COLLECTION. EXPENSES REFLECT FUNDS PAID BY THE MUSEUM FOR THE ACQUISITION OF ART WORKS, BUT DO NOT REFLECT THE VALUE OF IN-KIND GIFTS OF ART. THE MUSEUM OFFERS MANY EDUCATIONAL OUTREACH PROGRAMS IN LOCAL SCHOOLS AND ON-SITE FOR CHILDREN AND TEENS AS WELL AS CLASSES AND OTHER PROGRAMS AND INTERPRETIVE MATERIALS FOR COLLEGE STUDENTS AND ADULTS. IT ALSO PROVIDES IMAGES, INFORMATION, AND OTHER WAYS TO ACCESS ITS COLLECTIONS AND PROGRAMS THROUGH THE WEB AND MANY OTHER DIGITAL MEDIA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Clark Construction Group
Construction
$70,722,794
Skidmore Owings & Merrill Llp
Architectural Consulting
$11,303,385
Mata Construction Services Inc
Construction
$2,335,219
Allied Barton Security Services
Security
$5,901,609
Swinerton Builders
Construction
$2,967,080
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$236,833,448
Investment income $2,719,465
Tax Exempt Bond Proceeds $0
Royalties $241,521
Net Rental Income $1,397,539
Net Gain/Loss on Asset Sales $6,442,300
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $800,801
Miscellaneous Revenue$0
Total Revenue $287,095,183

Grants Awarded

Over the last fiscal year, Museum Associates has awarded $991,340 in support to 2 organizations.

Grant RecipientAmount

TRIPLE AUGHT FOUNDATION

Org PageRecipient Profile

New York, NY

PURPOSE: CURATORIAL

$949,665

EMERGING OBJECT

PURPOSE: CURATORIAL

$41,675
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 32 grants that Museum Associates has recieved totaling $6,467,494.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$1,500,000
$1,306,450
The Annenberg Foundation

Conshohocken, PA

PURPOSE: ART OF THE AMERICAS PROGRAM

$666,666
Andrew W Mellon Foundation

New York, NY

PURPOSE: TO SUPPORT THE DEVELOPMENT OF APPROXIMATELY18 VIRTUAL MONUMENTS PROJECTS ACROSS LOS ANGELES COUNTY

$600,000
Jewish Communal Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$600,000
The Bessemer Giving Fund

Woodbridge, NJ

PURPOSE: GENERAL SUPPORT

$500,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$134,933,568
Earnings$47,396,179
Net Contributions$545,054
Other Expense$7,203,340
Ending Balance$175,671,461

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