Armand Hammer Museum Of Art And Cultural Center Inc

Armand Hammer Museum Of Art And Cultural Center Inc 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 06/2021, Armand Hammer Museum Of Art And Cultural Center Inc employed 367 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2021, Armand Hammer Museum Of Art And Cultural Center Inc generated $26.0m 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 (6.9%) each year. All expenses for the organization totaled $26.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE HAMMER MUSEUM AT UCLA BELIEVES IN THE PROMISE OF ART AND IDEAS. (SEE SCHEDULE O)TO ILLUMINATE OUR LIVES AND BUILD A MORE JUST WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXHIBITIONS, PUBLICATIONS & COLLECTIONS: THE MUSEUM PRESENTS CONTEMPORARY AND HISTORICAL ART IN ALL MEDIA IN A ROTATING EXHIBITION PROGRAM THAT PRESENTS 10-15 EXHIBITIONS AND PUBLISHES 2-6 BOOKS EACH YEAR. THE MUSEUM CLOSED TO THE PUBLIC FOR AN EXTENDED PERIOD DURING FISCAL YEAR 2021, ULTIMATELY PRESENTING A SINGLE MUSEUM-WIDE EXHIBITION AND A RELATED PUBLICATION. EXHIBITIONS INITIALLY PLANNED FOR THAT FISCAL YEAR WERE RESCHEDULED. THE MUSEUM IS ALSO THE STEWARD OF FIVE COLLECTIONS: THE HAMMER CONTEMPORARY COLLECTION, A GROWING COLLECTION OF INTERNATIONAL CONTEMPORARY ART SINCE 1960; THE UCLA GRUNWALD CENTER FOR THE GRAPHIC ARTS COLLECTION, ONE OF AMERICA'S FINEST COLLECTIONS OF WORKS ON PAPER, CONTAINING MORE THAN 45,000 PRINTS, DRAWINGS, PHOTOGRAPHS, AND ARTISTS' BOOKS FROM THE RENAISSANCE TO THE PRESENT; THE ARMAND HAMMER COLLECTION, AN IMPRESSIVE COLLECTION OF EUROPEAN AND AMERICAN PAINTINGS AND DRAWINGS REFLECTING THE INTERESTS AND PASSION OF THE MUSEUM'S FOUNDER, ARMAND HAMMER; THE ARMAND HAMMER DAUMIER AND CONTEMPORARIES COLLECTION, ONE OF THE WORLD'S MOST EXTENSIVE COLLECTIONS OF PRINTS, DRAWINGS, PAINTINGS, AND SCULPTURE BY NINETEENTH-CENTURY FRENCH SATIRIST HONORE DAUMIER; AND THE UCLA FRANKLIN D. MURPHY SCULPTURE GARDEN, WHICH INCLUDES OVER 70 OUTDOOR SCULPTURES. OVER THE COURSE OF THE YEAR, THE MUSEUM HAD ROUGHLY 18,000 VISITORS, AND ROUGHLY 45,000 DIGITAL VISITORS. THE DECLINE IN VISITORS IS A DIRECT RESULT OF THE ONGOING COVID-19 PANDEMIC.


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. WHILE NEARLY ALL IN-PERSON PROGRAMMING WAS PUT ON HOLD WHEN THE MUSEUM CLOSED TO THE PUBLIC FOR AN EXTENDED PERIOD DURING FISCAL YEAR 2021, DOZENS OF PROGRAMS WERE PRESENTED DIGITALLY TO AUDIENCES IN LOS ANGELES AND AROUND THE WORLD. THESE DIGITAL PROGRAMS INCLUDED LECTURES, SCREENINGS, READINGS, TOURS, AND FAMILY EVENTS. HAMMER MUSEUMS PROGRAM DETAILS ARE AVAILABLE ON OUR WEBSITE, WWW.HAMMER.UCLA.EDU.


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Armand Hammer Museum Of Art And Cultural Center Inc Board, Officers & Key Employees

Armand Hammer Museum Of Art And Cultural Center Inc Vendors

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

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$336,468
Fundraising events$725,854
Related organizations$4,672,162
Government grants $2,371,280
All other contributions, gifts, grants, and similar amounts not included above$7,905,798
Noncash contributions included in lines 1a–1f $22,560
Total Revenue from Contributions, Gifts, Grants & Similar$16,011,562
Total Program Service Revenue$58,343
Investment income $2,448,755
Tax Exempt Bond Proceeds $0
Royalties $5,400
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,339,670
Net Income from Fundraising Events -$37,238
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $160,877
Miscellaneous Revenue$0
Total Revenue $25,988,369

Armand Hammer Museum Of Art And Cultural Center Inc Grants Recieved

Over the last fiscal year, we have identified 4 grants that Armand Hammer Museum Of Art And Cultural Center Inc has recieved totaling $411,000.

Awarding OrganizationAmount
The Herzer Foundation

Woodland Hills, CA

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

$203,000
The Herzer Foundation

Woodland Hills, CA

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

$203,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$2,500
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$124,169,118
Earnings$42,480,781
Admin Expense$1,694,519
Net Contributions$500,000
Other Expense$7,515,312
Ending Balance$157,940,068

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