Laguna Art Museum

Organization Overview

Laguna Art Museum is located in Laguna Beach, CA. The organization was established in 1996. 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 06/2022, Laguna Art Museum employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laguna Art Museum 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 06/2022, Laguna Art Museum generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE UNDERSTANDING OF THE ROLE OF ART AND ARTISTS IN AMERICAN CULTURE THROUGH COLLECTION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MUSEUM IS A NONPROFIT CALIFORNIA CORPORATION INCORPORATED ON JULY 22, 1996. AS AN AMERICAN ART MUSEUM WITH A SPECIAL FOCUS ON THE ART OF CALIFORNIA, ITS PURPOSE IS TO PROMOTE UNDERSTANDING OF THE ROLE OF ART AND ARTISTS IN AMERICAN CULTURE THROUGH COLLECTION, EXHIBITION, RESEARCH AND INSTRUCTION. THE FOCUS OF THE MUSEUM COLLECTION IS ON THE ART OF CALIFORNIA AND RELATED WORKDS FROM THE 19TH AND 20TH CENTURIES WITH AN EMPHASIS OF THE 20TH CENTURY.


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Board, Officers & Key Employees

Name (title)Compensation
Julie Perlin Lee
Executive Director
$73,644
Emil Monda
Treasurer
$0
Joe Hanauer
Chairman
$0
Lita Albuquerque
Trustee
$0
Robert Braun
Secretary
$0
Rick Balzar
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$123,392
Fundraising events$0
Related organizations$0
Government grants $285,540
All other contributions, gifts, grants, and similar amounts not included above$1,341,406
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,750,338
Total Program Service Revenue$448,653
Investment income $45,017
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $23,476
Net Income from Fundraising Events $376,074
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $62,333
Miscellaneous Revenue$0
Total Revenue $2,876,596

Grants Recieved

Over the last fiscal year, we have identified 19 grants that Laguna Art Museum has recieved totaling $550,170.

Awarding OrganizationAmount
Weaver Family Private Foundation

Laguna Beach, CA

PURPOSE: CULTURAL SUPPORT

$220,250
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$138,170
Bassman Family Charitable Trust

New York, NY

PURPOSE: GENERAL PURPOSES

$39,395
Hanauer Family Foundation

Laguna Beach, CA

PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT

$25,350
Wayne Thiebaud Foundation

Sacramento, CA

PURPOSE: CASH DONATION TO HELP IN THE ADVANCEMENT OF ART EDUCATION AND AWARENESS.

$25,000
The Andy Warhol Foundation For The Visual Arts Inc

New York, NY

PURPOSE: CURATORIAL RESEARCH FELLOWSHIP: SHARRISSA IQBAL AND MICHAEL DUNCAN

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,702,339
Earnings-$208,045
Net Contributions$171,671
Other Expense-$25,911
Grants-$58,310
Ending Balance$2,581,744

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