Armand Hammer Museum Of Art And Cultural Center Inc
- Assets
- $286.4m
- Revenue
- $27.0m
- Investments
- $124.2m
- Employees
- 371
- Location
- Los Angeles, CA
- Founding
- 11/2017
- Data as of
- 06/2020
- EIN
- 95-4217197
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.
Form
990
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Philbin Museum Director/ceo | Officer | 40 | $667,900 |
Michael Harrison Deputy Dir/asst Treasurer | Officer | 40 | $283,857 |
Cynthia Burlingham Deputy Dir/curatorial Affairs | Officer | 40 | $275,505 |
Alfred Yeries Deputy Dir/external Affairs | Officer | 40 | $225,899 |
Cornelia Butler Chief Curator | Officer | 40 | $189,915 |
Veridiana Pontes Chief Development Officer | Officer | 40 | $164,896 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kpmg Llp Audit & Tax Services | 6/29/20 | $111,918 |
Westwood Restaurant Llc Catering | 6/29/20 | $300,717 |
Lucques Catering Catering | 6/29/20 | $133,037 |
Kpmg Llp Audit & Tax Services | 6/29/20 | $111,918 |
Westwood Restaurant Llc Catering | 6/29/20 | $300,717 |
Lucques Catering Catering | 6/29/20 | $133,037 |
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 |
| Statement of Expenses | |
|---|---|
| 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. | $1,956,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,337,217 |
| Pension plan accruals and contributions | $47,454 |
| Other employee benefits | $3,664,534 |
| Payroll taxes | $12,868 |
| Fees for services: Management | $136,129 |
| Fees for services: Legal | $55,959 |
| Fees for services: Accounting | $118,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,477,333 |
| Fees for services: Other | $529,497 |
| Advertising and promotion | $293,508 |
| Office expenses | $696,599 |
| Information technology | $470,416 |
| Royalties | $0 |
| Occupancy | $1,717,698 |
| Travel | $290,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $248,019 |
| Interest | $219,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,854,306 |
| Insurance | $206,167 |
| All other expenses | $0 |
| Total functional expenses | $29,817,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,813,406 |
| Savings and temporary cash investments | $21,840,938 |
| Pledges and grants receivable | $44,594,599 |
| Accounts receivable, net | $108,533 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $203,699 |
| Prepaid expenses and deferred charges | $5,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $124,169,119 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,358 |
| Total assets | $286,371,378 |
| Accounts payable and accrued expenses | $5,115,054 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,855,389 |
| Total liabilities | $16,970,443 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $269,400,935 |
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 Organization | Amount |
|---|---|
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 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Associates Los Angeles, CA | $953,222,642 | $287,095,183 |
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Asian Art Museum Foundation Of San Francisco San Francisco, CA | $256,031,716 | $41,593,816 |
Armand Hammer Museum Of Art And Cultural Center Inc Los Angeles, CA | $286,371,378 | $27,039,549 |
Portland Art Museum Portland, OR | $150,113,696 | $27,542,215 |
The Broad Los Angeles, CA | $573,557,667 | $36,313,761 |
Museum Of Contemporary Art Los Angeles, CA | $173,324,238 | $20,204,928 |
San Diego Museum Of Art San Diego, CA | $78,902,831 | $13,995,818 |
Honolulu Museum Of Art Honolulu, HI | $136,524,458 | $12,640,830 |
Phoenix Art Museum Phoenix, AZ | $7,242,004 | $9,400,156 |
Crocker Art Museum Association Sacramento, CA | $31,464,464 | $12,237,025 |
Nevada Museum Of Art Inc Reno, NV | $65,871,084 | $23,939,678 |