Academy Museum Foundation
- Assets
- $691.4m
- Revenue
- $108.1m
- Investments
- $0.0
- Employees
- 415
- Location
- Beverly Hills, CA
- Founding
- 01/2007
- Data as of
- 06/2022
- EIN
- 20-2605026
Organization Overview
Academy Museum Foundation is located in Beverly Hills, CA. The organization was established in 2007. 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, Academy Museum Foundation employed 415 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Museum 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 Museum Foundation generated $108.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $105.9m during the year ending 06/2022. 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
TO SERVE AS A SUPPORTING ORGANIZATION OF THE ACADEMY FOUNDATION. ITS PRIMARY PURPOSE IS TO OWN AND OPERATE A MUSEUM DEDICATED TO THE ARTS AND SCIENCES OF MOTION PICTURES.
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Hudson Trustee | Trustee | 5 | $0 |
William Kramer President/museum Director | Officer | 45 | $570,764 |
Andrew Horn Chief Financial Officer | Officer | 5 | $0 |
Brendan Connell Jr Chief Operating Officer | Officer | 45 | $387,181 |
Beverly Kite Chief Information Officer | Officer | 10 | $0 |
Jacqueline Stewart Chief Content Off. (01/2021) | Officer | 45 | $326,231 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cinnabar California Inc Exhibition Fab. | 6/29/22 | $4,003,631 |
Co-protect Llc Covid Services | 6/29/22 | $1,340,323 |
Alain Hirsch Construction Corp Construction Svcs. | 6/29/22 | $1,160,105 |
Matt Construction Corporation Construction Svcs. | 6/29/22 | $8,129,278 |
Slalom Consulting Llc It Consulting | 6/29/22 | $1,110,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,096,615 |
| Related organizations | $78,750,314 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,840,532 |
| Noncash contributions included in lines 1a–1f | $8,412,944 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,687,461 |
| Total Program Service Revenue | $13,774,177 |
| Investment income | $1,320,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$268,818 |
| Net Income from Fundraising Events | -$287,837 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,848,963 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,082,407 |
| 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. | $1,453,120 |
| Compensation of current officers, directors, key employees. | $173,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,970,955 |
| Pension plan accruals and contributions | $595,175 |
| Other employee benefits | $2,888,699 |
| Payroll taxes | $1,446,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $242,132 |
| Fees for services: Accounting | $52,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,521,022 |
| Advertising and promotion | $4,698,908 |
| Office expenses | $1,084,626 |
| Information technology | $2,585,099 |
| Royalties | $164,332 |
| Occupancy | $4,027,980 |
| Travel | $220,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,991 |
| Interest | $9,957,320 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,484,076 |
| Insurance | $1,466,627 |
| All other expenses | $4,893,331 |
| Total functional expenses | $105,917,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $510,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $38,422,983 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,481,028 |
| Net Land, buildings, and equipment | $519,422,878 |
| Investments—publicly traded securities | $616 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,497,992 |
| Total assets | $691,387,065 |
| Accounts payable and accrued expenses | $10,300,463 |
| Grants payable | $0 |
| Deferred revenue | $199,257 |
| Tax-exempt bond liabilities | $464,674,403 |
| 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 | $2,950,449 |
| Total liabilities | $478,124,572 |
| Net assets without donor restrictions | $212,015,749 |
| Net assets with donor restrictions | $1,246,744 |
| 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 | $691,387,065 |