Broad Art Foundation is located in Los Angeles, CA. The organization was established in 1998. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
Since 2015, Broad Art Foundation has awarded 117 individual grants totaling $67,532,714. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART ACQUISITION FOR LOAN PROGRAM
ART EXHIBITION, STUDY, AND LOAN PROGRAM (SEE ATTACHED DESCRIPTION OF ACTIVITIES)
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joanne Heyler Mng Dir/chf Cur | 10 | $150,000 | |
Eli Broad Trustee | 10 | $0 | |
Edythe Broad Trustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Family Office Investment Services Llc | 12/30/19 | $68,404 |
Family Office Financial Services | 12/30/19 | $137,304 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $3,736,168 |
Interest on Savings | $336,767 |
Dividends & Interest | $2,274 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$4,234,905 |
Capital Gain Net Income | $18,492,382 |
Net ST Capital Gain | $0 |
Income Modifications | $908,841 |
Profit on Inventory Sales | $0 |
Other Income | $1,264 |
Total Revenue | -$158,432 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $150,000 |
Other employee salaries and wages | $79,588 |
Pension plans, employee benefits | $32,681 |
Interest | $0 |
Taxes | $606,013 |
Depreciation | $8,416 |
Occupancy | $1,980 |
Travel, conferences, and meetings | $60,078 |
Printing and publications | $0 |
Other expenses | $529,938 |
Total operating and administrative expenses | $1,752,337 |
Contributions, gifts, grants paid | $4,315,769 |
Total expenses and disbursements | $6,068,106 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,016 |
Savings and temporary cash investments | $19,485,685 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $110,497 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $59,143,632 |
Net Land, buildings, and equipment | $2,641 |
Other assets | $543,693,950 |
Total assets | $622,456,421 |
Accounts payable and accrued expenses | $56,730 |
Grants payable | $39,869,694 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $187,444 |
Total liabilities | $40,113,868 |
Over the last fiscal year, Broad Art Foundation has awarded $12,535,908 in support to 14 organizations.
Grant Recipient | Amount |
---|---|
THE BROAD PURPOSE: TOWARDS OPERATING SUPPORT | $12,000,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $300,000 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $96,268 |
HAMMER MUSEUM PURPOSE: GENERAL SUPPORT | $50,000 |
Los Angeles, CA PURPOSE: EXHIBITION SUPPORT TO TIME IS RUNNING OUT OF TIME: EXPERIMENTAL FILM AND VIDEO FROM THE L.A. REBELLION AND TODAY | $40,000 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Over the last fiscal year, we have identified 1 grants that Broad Art Foundation has recieved totaling $22,300,000.
Awarding Organization | Amount |
---|---|
Broad Foundation Los Angeles, CA PURPOSE: ARTS - TO SUPPORT ART LENDING ACTIVITIES | $22,300,000 |
Organization Name | Assets | Revenue |
---|---|---|
Museum Of Contemporary Art Los Angeles, CA | $173,324,238 | $20,204,928 |
Portland Art Museum Portland, OR | $170,055,224 | $22,345,406 |
Honolulu Museum Of Art Honolulu, HI | $124,144,992 | $14,530,778 |
San Diego Museum Of Art San Diego, CA | $79,415,089 | $10,361,109 |
Phoenix Art Museum Phoenix, AZ | $7,242,004 | $9,400,156 |
Nevada Museum Of Art Inc Reno, NV | $50,706,682 | $18,925,654 |
Crocker Art Museum Association Sacramento, CA | $31,464,464 | $12,237,025 |
Santa Barbara Museum Of Art Santa Barbara, CA | $123,627,436 | $12,248,633 |
Museum Of Contemporary Art San Diego San Diego, CA | $122,838,995 | $11,456,776 |
Norton Simon Museum Of Art At Pasadena Pasadena, CA | $102,922,393 | $5,499,014 |
Broad Art Foundation Los Angeles, CA | $622,456,421 | -$158,432 |
San Jose Museum Of Art Association San Jose, CA | $16,112,834 | $5,280,893 |
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