Los Angeles County Museum Of Natural History Foundation
- Assets
- $377.5m
- Revenue
- $78.7m
- Investments
- $42.9m
- Employees
- 470
- Location
- Los Angeles, CA
- Founding
- 05/1966
- Data as of
- 06/2022
- EIN
- 95-6132185
Organization Overview
Los Angeles County Museum Of Natural History Foundation is located in Los Angeles, CA. The organization was established in 1966. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Los Angeles County Museum Of Natural History Foundation employed 470 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles County Museum Of Natural History 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, Los Angeles County Museum Of Natural History Foundation generated $78.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $54.9m during the year ending 06/2022. While expenses have increased by 2.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES EDUCATIONAL & PUBLIC PROGRAMMING, DISPLAYS PERMANENT & TEMPORARY EXHIBITS, MAINTAINS COLLECTIONS, AND CONDUCTS RESEARCH ACTIVITIES WITH A MISSION TO INSPIRE WONDER, DISCOVERY & RESPONSIBILITY FOR OUR NATURAL & CULTURAL WORLDS. THE EFFECTS OF COVID-19 ARE DESCRIBED IN SCHEDULE O. THE CLOSURE OF THE MUSEUMS SEVERELY LIMITED THE PROGRAMS THAT COULD BE OFFERED TO MOSTLY DIGITAL PROGRAMMING, WHICH NEGATIVELY IMPACTED EARNED REVENUE. MANAGEMENT PRIORITIZED PRESERVATION OF ITS FULL-TIME STAFF POSITIONS, WHILE DECREASING CERTAIN OTHER OPERATING EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anissa Balson Trustee | Trustee | 1 | $0 |
James E Blancarte Trustee | Trustee | 1 | $0 |
Louisa R Cardenas Trustee | Trustee | 1 | $0 |
Esther Chao Trustee | Trustee | 1 | $0 |
Kermit Crawford Trustee (until 06/2022) | Trustee | 1 | $0 |
Susan Dever Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frederick Fisher And Partners Architects & Design | 6/29/22 | $2,337,443 |
Inter-con Security Systems Security | 6/29/22 | $1,990,441 |
United Maintenance Company Inc Custodial | 6/29/22 | $1,027,549 |
Matt Construction Corporation Construction | 6/29/22 | $752,617 |
Weissmanfreddi Architects Llp Architects & Design | 6/29/22 | $637,910 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,140,429 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,033,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,932,549 |
| Noncash contributions included in lines 1a–1f | $118,212 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,106,713 |
| Total Program Service Revenue | $28,861,541 |
| Investment income | $2,876,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,756,242 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,720,395 |
| 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. | $2,585,347 |
| Compensation of current officers, directors, key employees. | $431,525 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,310,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,477,859 |
| Payroll taxes | $1,643,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $191,595 |
| Fees for services: Accounting | $162,380 |
| Fees for services: Lobbying | $91,875 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,305,676 |
| Fees for services: Other | $2,847,028 |
| Advertising and promotion | $789,422 |
| Office expenses | $357,239 |
| Information technology | $1,182,753 |
| Royalties | $0 |
| Occupancy | $1,273,020 |
| Travel | $51,869 |
| 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 | $8,040,035 |
| Insurance | $913,866 |
| All other expenses | $2,336,047 |
| Total functional expenses | $54,927,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,544 |
| Savings and temporary cash investments | $66,955,132 |
| Pledges and grants receivable | $14,919,818 |
| Accounts receivable, net | $782,978 |
| 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 | $367,295 |
| Net Land, buildings, and equipment | $96,643,378 |
| Investments—publicly traded securities | $136,241,852 |
| Investments—other securities | $42,913,486 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,618,265 |
| Total assets | $377,479,748 |
| Accounts payable and accrued expenses | $7,764,087 |
| Grants payable | $0 |
| Deferred revenue | $456,151 |
| Tax-exempt bond liabilities | $128,611,873 |
| 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 | $18,863,401 |
| Total liabilities | $155,695,512 |
| Net assets without donor restrictions | $144,054,443 |
| Net assets with donor restrictions | $77,729,793 |
| 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 | $377,479,748 |