Maurice And Paul Marciano Art Foundation
- Assets
- $51.5m
- Revenue
- $441.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 12/2012
- Data as of
- 12/2021
- EIN
- 45-4295747
Organization Overview
Maurice And Paul Marciano Art Foundation is located in Beverly Hills, CA. The organization was established in 2012. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maurice And Paul Marciano Art 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, Maurice And Paul Marciano Art Foundation generated $441.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.9%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Maurice And Paul Marciano Art Foundation has awarded 12 individual grants totaling $109,881. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ART MUSEUM AND EDUCATIONAL / ARTS AWARENESS PROGRAMMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johathan Hernandez Director Of Building | 40 | $85,000 | |
Gregory Curtis Head Registrar | 40 | $75,000 | |
Matthew Bowne Chief Prepator | 40 | $75,000 | |
Adalberto Alvarez Building Assistant | 40 | $52,000 | |
Cyndi Choi Genesis Educator | 40 | $45,000 | |
Maurice Marciano Director & President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
California Protection & Investigation Services | 12/30/21 | $353,376 |
Ladwp | 12/30/21 | $186,961 |
Artsmart Inc | 12/30/21 | $105,000 |
Allied Universal Janitorial Services | 12/30/21 | $99,664 |
Momentous Insurance Brokerage Inc | 12/30/21 | $56,288 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $497,116 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$51,303 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$4,259 |
| Other Income | $0 |
| Total Revenue | $441,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $458,743 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,226 |
| Depreciation | $1,054,705 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,647 |
| Printing and publications | $0 |
| Other expenses | $981,677 |
| Total operating and administrative expenses | $2,675,810 |
| Contributions, gifts, grants paid | $43,750 |
| Total expenses and disbursements | $2,719,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,210 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $205,190 |
| Prepaid expenses and deferred charges | $1,400 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $38,113,342 |
| Other assets | $13,063,237 |
| Total assets | $51,457,379 |
| Accounts payable and accrued expenses | $7,150 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,150 |
Grants Awarded
Over the last fiscal year, Maurice And Paul Marciano Art Foundation has awarded $38,743 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HAMMER MUSEUM PURPOSE: SUPPORT RECIPIENT'S MISSION. | $25,000 |
LOS ANGELES LGBT CENTER PURPOSE: SUPPORT RECIPIENT'S MISSION. | $13,743 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |
Na Aina Kai Botanical Gardens Kilauea, HI | $76,195,065 | $4,390,722 |
Easton Sports Development Foundation Van Nuys, CA | $11,576,483 | $3,446,410 |