Museum Associates

Organization Overview

Museum Associates, operating under the name Los Angeles County Museum Of Art (lacma), is located in Los Angeles, CA. The organization was established in 1944. 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 06/2016, Los Angeles County Museum Of Art (lacma) employed 618 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2018, Los Angeles County Museum Of Art (lacma) generated $144.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $110.5m during the year ending 06/2018. While expenses have increased by 0.3% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXHIBITION, CURATORIAL, CONSERVATION & ART PROGRAMSLACMA PRESENTED 31 EXHIBITIONS AND PERMANENT COLLECTION INSTALLATIONS IN FISCAL 2015-2016, FEATURING ARTWORKS FROM ITS OWN COLLECTION AND FROM LENDERS AROUND THE WORLD. PUBLIC PROGRAMS, FILMS, AND CONCERTS ARE DEVELOPED IN COORDINATION WITH SPECIAL EXHIBITIONS. MANY WORKS FROM THE MUSEUM'S COLLECTION OF OVER 130,000 OBJECTS ARE TREATED BY CONSERVATORS, WHILE THE MUSEUM'S RESEARCH LIBRARY AND SCHOLARLY PUBLICATIONS PROVIDE REFERENCE SUPPORT TO MUSEUM STAFF AND OUTSIDE SCHOLARS. ALL OF THESE ACTIVITIES SERVE TO MEET THE GOALS OF CONSERVATION, EXHIBITION AND INTERPRETATION OF THE ART INTO MEANINGFUL AESTHETIC, INTELLECTUAL, AND CULTURAL EXPERIENCES.


FACILITY ENHANCEMENTFINANCING AND DEPRECIATION EXPENSE REPRESENT AMORTIZATION OF THE CAPITALIZED COSTS OF CONSTRUCTING THE MUSEUM'S PHYSICAL FACILITIES, AN ACTIVITY THAT IS ONE OF THE CORE REASONS MUSEUM ASSOCIATES WAS FOUNDED. THIS CATEGORY OF EXPENSE ALSO REFLECTS ON-GOING ACTIVITY FOR PROJECTS THAT WERE NOT CAPITALIZED, SUCH AS ARCHITECTURAL PLANNING.


PUBLIC AND PROTECTIVE SERVICES AND ENGAGEMENTIT IS A MUSEUM GOAL TO CONTINUOUSLY EXPAND AND SERVE AUDIENCES OF ALL AGES, ETHNICITIES, AND SOCIO-ECONOMIC BACKGROUNDS BY CREATING WELCOMING ENVIRONMENTS AND PROGRAMS. THIS IS ACCOMPLISHED THROUGH A VARIETY OF MEANS, INCLUDING ON-SITE STAFF AND CONTRACTORS PROTECTING ART AND PROVIDING SERVICE TO THE PUBLIC, SPECIAL EVENTS, PROMOTIONAL CAMPAIGNS, CAMPUS WAY-FINDING MEDIA, AND THE MUSEUM MAGAZINE.


IT IS A MUSEUM GOAL TO CONTINUOUSLY EXPAND AND SERVE AUDIENCES OF ALL AGES, ETHNICITIES, AND SOCIO-ECONOMIC BACKGROUNDS BY CREATING WELCOMING ENVIRONMENTS AND PROGRAMS. THIS IS ACCOMPLISHED THROUGH A VARIETY OF MEANS, INCLUDING THE MUSEUM MAGAZINE, SPECIAL EVENTS, PROMOTIONAL CAMPAIGNS, CAMPUS WAY-FINDING MEDIA, AND ON-SITE STAFF PROVIDING SERVICE TO THE PUBLIC. THE MUSEUM ALSO WORKS TO EXTEND THE MUSEUM EXPERIENCE IN THE FULLEST POSSIBLE WAY TO THE WIDEST POSSIBLE AUDIENCE. TO ACHIEVE THIS GOAL, IT OFFERS MANY EDUCATIONAL OUTREACH PROGRAMS IN LOCAL SCHOOLS AND ON-SITE FOR CHILDREN AND TEENS AS WELL AS CLASSES AND OTHER PROGRAMS AND INTERPRETIVE MATERIALS FOR COLLEGE STUDENTS AND ADULTS. IT ALSO PROVIDES IMAGES, INFORMATION, AND OTHER WAYS TO ACCESS ITS COLLECTIONS AND PROGRAMS THROUGH THE WEB AND MANY OTHER DIGITAL MEDIA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Allied Barton Security Services
Security
$5,481,925
Atelier Peter Zumthor & Partner
Architecture
$2,245,187
J Ben Bourgeois Productions
Special Events Designer
$1,637,896
Patina Restaurant Group Llc
Catering
$1,362,312
Us Art Company Inc
Shipping & Storage
$1,281,921
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$93,207,462
Investment income $2,177,778
Tax Exempt Bond Proceeds $0
Royalties $284,108
Net Rental Income $1,397,539
Net Gain/Loss on Asset Sales $2,949,156
Net Income from Fundraising Events $2,949,156
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,065,483
Miscellaneous Revenue$0
Total Revenue $144,174,390

Grants Awarded

Over the last fiscal year, Museum Associates has awarded $472,248 in support to 4 organizations.

Grant RecipientAmount

THE NELSON GALLERY FOUNDATION

Org PageRecipient Profile

Kansas City, MO

PURPOSE: TO ENCOURAGE DIVERSITY IN THE CURATORIAL AREA.

$136,941

THE HIGH MUSEUM OF ART

Org PageRecipient Profile

Atlanta, GA

PURPOSE: TO ENCOURAGE DIVERSITY IN THE CURATORIAL AREA.

$114,786

THE ART INSTITUTE OF CHICAGO

Org PageRecipient Profile

Chicago, IL

PURPOSE: TO ENCOURAGE DIVERSITY IN THE CURATORIAL AREA.

$112,579

THE MUSEUM OF FINE ARTS HOUSTON

Org PageRecipient Profile

Houston, TX

PURPOSE: TO ENCOURAGE DIVERSITY IN THE CURATORIAL AREA.

$107,942
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Museum Associates has recieved totaling $2,239,561.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$1,000,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$1,000,000
Raymond James Charitable Endowment Fund

St Petersburg, FL

PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT

$200,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$17,211
Posner Foundation

Wilmington, DE

PURPOSE: LACMA - DIRECTOR'S CIRCLE SPONSOR FUND

$10,000
Sam & Roslyn Berkman Family Foundation

Encino, CA

PURPOSE: ARTS & CULTURE

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$125,782,946
Earnings$719,758
Net Contributions$6,177
Other Expense$6,223,150
Ending Balance$120,285,731

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