Academy Foundation
- Assets
- $93.0m
- Revenue
- $108.3m
- Investments
- $0.0
- Employees
- 265
- Location
- Beverly Hills, CA
- Founding
- 07/1985
- Data as of
- 06/2022
- EIN
- 95-2243698
Organization Overview
Academy Foundation is located in Beverly Hills, CA. The organization was established in 1985. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Academy Foundation employed 265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy 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 06/2022, Academy Foundation generated $108.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $111.1m during the year ending 06/2022. While expenses have increased by 14.2% 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.
Since 2015, Academy Foundation has awarded 356 individual grants totaling $559,576,030. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND OVERSEE THE EDUCATIONAL AND CULTURAL ACTIVITIES OF THE MOTION PICTURE INDUSTRY, INCLUDING PRESENTATION OF ITS HISTORY AND PROMOTION OF ITS FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO RELATED ORGANIZATION IN SUPPORT OF OPERATION OF A MUSEUM DEDICATED TO THE ARTS AND SCIENCES MOTION PICTURES.
GRANT TO RELATED ORGANIZATION IN SUPPORT OF THE MANAGEMENT OF THE DOUGLAS FAIRBANKS CENTER FOR MOTION PICTURE HISTORY, MARGARET HERRICK LIBRARY, AND ACADEMY FILM ARCHIVE.
GRANT TO RELATED ORGANIZATION IN SUPPORT OF ACTIVITIES TO PROMOTE AND FURTHER THE STUDY AND IMPORTANCE OF MOTION PICTURES IN THE LIFE OF THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Hudson Chief Executive Officer | Officer | 5 | $0 |
Christine Simmons Chief Operating Officer | Officer | 10 | $0 |
Andrew Horn Chief Financial Officer | Officer | 5 | $0 |
Randy Haberkamp Svp, Preserv & Foundatin Progr | 0 | $246,168 | |
L Scott Miller Gen. Counsel & Chief Admin Off | Officer | 5 | $0 |
Beverly Kite Chief Information Officer | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alligator Pear Catering Services | 6/29/18 | $201,226 |
Gainsbury Whiting Exhib. Design Svcs. | 6/29/18 | $332,153 |
Kcir Productions Exhib. Design Svcs. | 6/29/18 | $160,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $65,097,409 |
| Government grants | $164,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,972,714 |
| Noncash contributions included in lines 1a–1f | $10,090,074 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,234,726 |
| Total Program Service Revenue | $0 |
| Investment income | $3,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,000 |
| Net Gain/Loss on Asset Sales | $30,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,341,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,224,845 |
| Grants and other assistance to domestic individuals. | $144,040 |
| Grants and other assistance to Foreign Orgs/Individuals | $56,195 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $406,802 |
| Compensation of current officers, directors, key employees. | $226,179 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,137,901 |
| Pension plan accruals and contributions | $196,093 |
| Other employee benefits | $288,428 |
| Payroll taxes | $136,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,000 |
| Advertising and promotion | $232,808 |
| Office expenses | $37,894 |
| Information technology | $651,701 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,215 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $111,076,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,312,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $91,281,133 |
| Accounts receivable, net | $11,195 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,535 |
| Net Land, buildings, and equipment | $126,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $248,412 |
| Total assets | $92,997,387 |
| Accounts payable and accrued expenses | $1,005,921 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,005,921 |
| Net assets without donor restrictions | $70,950,669 |
| Net assets with donor restrictions | $21,040,797 |
| 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 | $92,997,387 |
Grants Awarded
Over the last fiscal year, Academy Foundation has awarded $106,224,845 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VINE STREET ARCHIVE FOUNDATION PURPOSE: SUP. OF RELATED ORG | $8,281,539 |
ARCHIVAL FOUNDATION PURPOSE: SUP. OF RELATED ORG | $18,688,579 |
ACADEMY MUSEUM FOUNDATION PURPOSE: SUP. OF RELATED ORG | $79,254,727 |