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 06/2022, Armand Hammer Museum Of Art And Cultural Center Inc employed 371 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 06/2020, Armand Hammer Museum Of Art And Cultural Center Inc generated $27.0m 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 (6.3%) each year. All expenses for the organization totaled $29.8m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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. 2022 SAW THE RETURN OF IN-PERSON PROGRAMS FOLLOWING CLOSURES AND LIMITED CAPACITY PROTOCOLS IN 2020 AND 2021 DUE TO COVID PROTOCOLS. PROGRAM HIGHLIGHTS INCLUDED A TALK WITH FAMED OCEANOGRAPHER SYLVIA EARLE; CONCERTS AND PERFORMANCES IN CONJUNTION WITH THE EXHIBITION "LIFES; AND THE RETURN OF 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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Outside Vendors & Contractors

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

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$26,173,654
Investment income $1,260,951
Tax Exempt Bond Proceeds $0
Royalties $3,141
Net Rental Income $453,170
Net Gain/Loss on Asset Sales -$1,157,848
Net Income from Fundraising Events -$511,749
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $86,833
Miscellaneous Revenue$0
Total Revenue $27,039,549

Grants Recieved

Over the last fiscal year, we have identified 27 grants that Armand Hammer Museum Of Art And Cultural Center Inc has recieved totaling $2,322,195.

Awarding OrganizationAmount
Aspen Community Foundation

Basalt, CO

PURPOSE: GENERAL SUPPORT

$611,600
Bloomberg Family Foundation Inc

New York, NY

PURPOSE: DIGITAL PROGRAMS

$350,000
Billy & Audrey L Wilder Foundation

Newport Beach, CA

PURPOSE: EDUCATION.

$200,000
Ford Foundation

New York, NY

PURPOSE: CORE SUPPORT FOR ITS LATINX PROGRAMMING

$175,000
The Herzer Foundation

Woodland Hills, CA

PURPOSE: THE PROMISE OF ART AND IDEAS TO ILLUMINATE OUR LIVES AND BUILD A MORE JUST W

$108,000
Buddy Taub Foundation

Los Angeles, CA

PURPOSE: GENERAL SUPPORT

$105,250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$157,940,068
Earnings-$15,626,290
Admin Expense$994,843
Net Contributions$900,000
Other Expense$7,757,875
Ending Balance$134,461,060

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