Swc Museum Corp
- Assets
- $192.0m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2001
- Data as of
- 06/2022
- EIN
- 95-4786388
Organization Overview
Swc Museum Corp is located in Los Angeles, CA. The organization was established in 2001. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swc Museum Corp 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, Swc Museum Corp generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.0%) per year over the past 6 years. 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 CENTER FOCUSES ON ISSUES OF HUMAN DIGNITY.SWC MUSEUM CORP. IS BUILDING A MUSEUM IN ISRAEL TO BE A WORLD CENTER FOCUSING ON ISSUES OF HUMAN DIGNITY AND RESPONSIBILITY AND PROMOTING UNITY AND RESPECT AMONG JEWS AND BETWEEN PEOPLE OF ALL FAITHS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWC MUSEUM CORP. RAISES FUNDS TO UTILIZE IN THE CONSTRUCTION OF A CENTER FOR HUMAN DIGNITY AND A MUSEUM OF TOLERANCE IN JERUSALEM, ISRAEL. IN ACCORDANCE WITH GAAP, IN SERVING ITS MISSION, SWC MUSEUM CORP. CAPITALIZES COSTS ASSOCIATED WITH THE CONSTRUCTION OF THE CENTER AND MUSEUM. ALL EXPENSES RELATED TO PROGRAM SERVICES ARE CURRENTLY BEING CAPITALIZED WHILE THE CENTER AND MUSEUM ARE UNDER CONSTRUCTION. UPON COMPLETION OF THE CENTER AND MUSEUM, ALL PROGRAM SERVICE EXPENSES WILL NO LONGER BE CAPITALIZED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry A Mizel Chairman | OfficerTrustee | 10 | $0 |
Dawn Arnall Co-Chair | OfficerTrustee | 1 | $0 |
Rabbi Marvin Hier Co-Chair | OfficerTrustee | 1 | $0 |
Marc Utay Vice-Chair | OfficerTrustee | 1 | $0 |
Stuart Isen Director | Trustee | 1 | $0 |
James Lustig Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alum Eshet Commercial Building - Glass Design And P | 6/29/22 | $643,785 |
Unified Field Inc Interactive Exhibit Production | 6/29/22 | $1,330,004 |
Coleridge Capital Construction Management | 6/29/22 | $443,550 |
Brownstein Hyatt Farber Schreck Llp Legal Services | 6/29/22 | $321,698 |
Hadley Exhibits Inc Exhibit Production | 6/29/22 | $333,226 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,837,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,837,502 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $644,419 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,481,921 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $573,509 |
| Fees for services: Accounting | $12,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $145,105 |
| Advertising and promotion | $0 |
| Office expenses | $37,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,230 |
| Interest | $773,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,206 |
| Insurance | $21,112 |
| All other expenses | $0 |
| Total functional expenses | $1,704,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,704,025 |
| Pledges and grants receivable | $7,042,913 |
| Accounts receivable, net | $246,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $120,583 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $171,786,925 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $98,607 |
| Other assets | $2,000,000 |
| Total assets | $191,999,651 |
| Accounts payable and accrued expenses | $3,913,215 |
| 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 | $10,000,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,212,847 |
| Total liabilities | $44,126,062 |
| Net assets without donor restrictions | $144,667,090 |
| Net assets with donor restrictions | $3,206,499 |
| 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 | $191,999,651 |