Armand Hammer Museum Of Art And Cultural Center Inc

Organization Overview

Armand Hammer Museum Of Art And Cultural Center Inc is located in Los Angeles, CA. The organization was established in 2017. 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 06/2023, Armand Hammer Museum Of Art And Cultural Center Inc employed 512 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armand Hammer Museum Of Art And Cultural Center Inc 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 06/2023, Armand Hammer Museum Of Art And Cultural Center Inc generated $28.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $37.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.

Describe the Organization's Program Activity:

SEE SCHEDULE O.


PUBLIC & ACADEMIC PROGRAMS: THE HAMMER'S 300+ PROGRAMS EACH YEAR ARE DESIGNED TO SPARK MEANINGFUL ENCOUNTERS WITH ART AND IDEAS. THEY INCLUDE LECTURES, SYMPOSIA, UNIVERSITY OUTREACH, FILM SERIES, READINGS, FAMILY EVENTS, TOURS, AND MUSICAL PERFORMANCES. PROGRAM HIGHLIGHTS INCLUDED TWO SERIES ABOUT THE SUPREME COURT AND L.A.'S HOUSING CRISIS; THE "SUMMER NIGHT CINEMA" FILM SERIES CELEBRATING THE 50TH ANNIVERSARY OF HIP HOP; NUMEROUS PANELS AND PERFORMANCES IN CONJUNCTION WITH THE MADE IN LA BIENNIAL; AND POPULAR SERIES LIKE THE MOMA CONTENDERS FILM SERIES AND KCRW SUMMER CONCERTS. HAMMER MUSEUMS PROGRAM DETAILS ARE AVAILABLE ON OUR WEBSITE, WWW.HAMMER.UCLA.EDU.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Rubel
President
$0
Marcy Carsey
Chairman
$0
Steven A Olsen
Treasurer
$0
Gene D Block
Director
$0
Jay Brown
Director
$0
Eric Esrailian
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kpmg Llp
Audit & Tax Services
$111,918
Lucques Catering
Catering
$133,037
Westwood Restaurant Llc
Catering
$300,717
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$461,168
Fundraising events$2,322,102
Related organizations$4,778,780
Government grants $106,310
All other contributions, gifts, grants, and similar amounts not included above$15,018,359
Noncash contributions included in lines 1a–1f $10,252
Total Revenue from Contributions, Gifts, Grants & Similar$22,686,719
Total Program Service Revenue$685,955
Investment income $2,117,727
Tax Exempt Bond Proceeds $0
Royalties $57,412
Net Rental Income $575,783
Net Gain/Loss on Asset Sales $3,001,462
Net Income from Fundraising Events -$895,940
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $422,421
Miscellaneous Revenue$0
Total Revenue $28,730,767

Peer Organizations

Organization NameAssets
Museum Associates
Los Angeles, CA
$150,810,631
San Francisco Museum Of Modern Art
San Francisco, CA
$89,774,720
Armand Hammer Museum Of Art And Cultural Center Inc
Los Angeles, CA
$28,730,767
Asian Art Museum Foundation Of San Francisco
San Francisco, CA
$35,440,981
The Broad
Los Angeles, CA
$28,868,352
Museum Of Contemporary Art
Los Angeles, CA
$28,960,841
Portland Art Museum
Portland, OR
$22,345,406
San Diego Museum Of Art
San Diego, CA
$13,995,818
Crocker Art Museum Association
Sacramento, CA
$14,990,163
Honolulu Museum Of Art
Honolulu, HI
$12,640,830
Museum Of Contemporary Art San Diego
La Jolla, CA
$31,042,175
Santa Barbara Museum Of Art
Santa Barbara, CA
$18,950,542
Phoenix Art Museum
Phoenix, AZ
$14,886,842
Nevada Museum Of Art Inc
Reno, NV
$19,126,102
Orange County Museum Of Art
Costa Mesa, CA
$18,158,207
Norton Simon Museum Of Art At Pasadena
Pasadena, CA
$8,597,613
San Jose Museum Of Art Association
San Jose, CA
$5,864,094
Broad Art Foundation
Los Angeles, CA
$2,411,274
Tucson Museum Of Art
Tucson, AZ
$3,556,270
Laguna Art Museum
Laguna Beach, CA
$3,605,503
Museum Of Craft And Design
San Francisco, CA
$2,759,495
Putnam Foundation
San Diego, CA
$1,932,243
Ica La
Los Angeles, CA
$3,866,496
Frederick R Weisman Art Foundation
Los Angeles, CA
$3,711,410
Monterey Museum Of Art
Monterey, CA
$3,167,468

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