Museum Of Contemporary Art San Diego
- Assets
- $161.0m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 65
- Location
- La Jolla, CA
- Founding
- 01/1943
- Data as of
- 06/2022
- EIN
- 95-1855640
Organization Overview
Museum Of Contemporary Art San Diego is located in La Jolla, CA. The organization was established in 1943. 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, Museum Of Contemporary Art San Diego employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Contemporary Art San Diego 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, Museum Of Contemporary Art San Diego generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $11.0m during the year ending 06/2022. While expenses have increased by 3.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM OF CONTEMPORARY ART SAN DIEGO INVITES ALL AUDIENCES TO EXPERIENCE OUR WORLD, OUR REGION, AND OURSELVES THROUGH THE PRISM OF CONTEMPORARY ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCASD'S EXPANDED, STATE-OF-THE-ART LA JOLLA FACILITY FEATURES 40,000 SQUARE FEET OF GALLERY SPACE FOR EXHIBITIONS OF THE HISTORICAL HOLDINGS AND SPECIAL, TEMPORARY EXHIBITIONS, WHICH ARE DEVELOPED WITH ORIGINAL RESEARCH TO PROVIDE INSIGHTFUL ANALYSIS OF ISSUES THAT IMPACT OUR REGION AND OUR WORLD. THE DOWNTOWN LOCATION FEATURES 10,000 SQUARE FEET FOR CHANGING ART EXHIBITIONS AND PARTNERSHIPS. EXHIBITIONS PROVIDE THE BASIS FOR PUBLICATIONS, PANEL DISCUSSIONS, LECTURES, COMMUNITY EVENTS, TOURS, AND OTHER SUPPORTING PROGRAMS.
PERMANENT COLLECTION: THE STEWARDSHIP OF MCASD'S COLLECTION IS A KEY COMPONENT OF ITS MISSION. IN FISCAL 2022, MCASD INCREASED ITS HOLDINGS WITH 63 WORKS OF ART THROUGH DONATION, PURCHASE, AND PURCHASE WITH DONATED FUNDS. THE FUNDS ALLOCATED FOR CARE OF THE PERMANENT COLLECTION INCLUDE EXPENSES FOR INSURANCE, PRESERVATION, AND CONSERVATION. ADDITIONAL FUNDS WERE UTILIZED TO INCREASE THE EFFICIENCY AND ACCESS TO THE HVAC SYSTEM IN THE MUSEUM'S MAIN CLIMATE-CONTROLLED VAULT SPACE OF ITS FOSTER FAMILY ART STORAGE FACILITY. MCASD SHARED ITS COLLECTION THROUGH THE LOAN OF 12 ARTWORKS TO 8 EXHIBITIONS AT OTHER MUSEUMS IN SAN DIEGO, THROUGHOUT CALIFORNIA, ACROSS THE COUNTRY, AND INTERNATIONALLY.
EDUCATIONAL OUTREACH: THE COVID-19 PANDEMIC CREATED AN OBSTACLE FOR MCASD'S EDUCATION DEPARTMENT. HOWEVER, MCASD WAS SUCCESSFUL IN PARTNERING WITH 3 SCHOOLS WITH ITS AWARD-WINNING ESP PROGRAM. MCASD EDUCATORS WORKED WITH 11 TEACHERS AND REACHED NEARLY 400 STUDENTS OVER ZOOM. AT THE END OF THE PARTNERSHIPS, DIGITAL AND PHYSICAL SHOWCASES WERE HOSTED BY MCASD TO PRESENT THEIR WORK. MCASD EDUCATION HELD 18 WORKSHOPS WITH OVER 2,100 VISITORS. WE PARTNERED WITH ORGANIZATIONS SUCH AS POR VIDA, BARRIO LOGAN ART AND SCIENCE EXPO, LOCAL SCHOOLS, AND LOCAL BUSINESSES LIKE UTC LA JOLLA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Paul Jacobs President | OfficerTrustee | 1 | $0 |
Maryanne Pfister Vice President | OfficerTrustee | 1 | $0 |
Colette Carson Royston Vice President | OfficerTrustee | 1 | $0 |
Ryan Herrell Secretary | OfficerTrustee | 1 | $0 |
Barbara Arledge Trustee | Trustee | 1 | $0 |
Viveca Bissonnette Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lpa Inc Architectural Services | 6/29/22 | $1,115,235 |
Gafcon Inc Construction Management | 6/29/22 | $674,186 |
Otis Elevator Company Elevator Maint And Repair | 6/29/22 | $141,686 |
Effortless Office Outsourced It | 6/29/22 | $185,416 |
Mary Ann Velasco Accounting Services | 6/29/22 | $127,465 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $957,453 |
| Fundraising events | $177,611 |
| Related organizations | $0 |
| Government grants | $2,089,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,443,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,668,347 |
| Total Program Service Revenue | $371,300 |
| Investment income | $1,169,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,335 |
| Net Gain/Loss on Asset Sales | $6,721,293 |
| Net Income from Fundraising Events | -$71,755 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,568 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,042,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $646,351 |
| Compensation of current officers, directors, key employees. | $236,028 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,966,022 |
| Pension plan accruals and contributions | $26,798 |
| Other employee benefits | $244,973 |
| Payroll taxes | $234,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,014 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $264,240 |
| Fees for services: Other | $1,589,086 |
| Advertising and promotion | $95,606 |
| Office expenses | $322,242 |
| Information technology | $116,317 |
| Royalties | $0 |
| Occupancy | $78,430 |
| Travel | $85,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $151,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,412,948 |
| Insurance | $365,269 |
| All other expenses | $585,612 |
| Total functional expenses | $11,046,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,354 |
| Savings and temporary cash investments | $3,238,014 |
| Pledges and grants receivable | $4,337,578 |
| Accounts receivable, net | $124,162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $248,189 |
| Prepaid expenses and deferred charges | $95,920 |
| Net Land, buildings, and equipment | $109,764,417 |
| Investments—publicly traded securities | $41,891,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,076,112 |
| Total assets | $160,983,980 |
| Accounts payable and accrued expenses | $910,155 |
| Grants payable | $0 |
| Deferred revenue | $874,964 |
| Tax-exempt bond liabilities | $3,260,311 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,988,644 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,030,458 |
| Total liabilities | $27,064,532 |
| Net assets without donor restrictions | $79,226,965 |
| Net assets with donor restrictions | $54,692,483 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $160,983,980 |