2023-03-23T12:35:52-05:00 2022-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2021-07-01 954217197 ARMAND HAMMER MUSEUM OF ART AND CULTURAL CENTER INC ARMA 3104437058 10899 WILSHIRE BLVD LOS ANGELES CA 900244314 ANN PHILBIN DEPUTY DIR FIN 3104437058 2023-03-22 1 ANN PHILBIN 999009999 DAVID M HIGHFILL P01517891 2139724000 2023-03-22 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MICHAEL HARRISON 10899 WILSHIRE BLVD LOS ANGELES CA 900244314 36334375 0 X HTTP://WWW.HAMMER.UCLA.EDU X 1989 CA SEE SCHEDULE O. 22 19 371 57 15053 0 16011562 25310539 58343 347748 9788425 8478001 130039 855975 25988369 34992263 0 0 0 0 12230493 12936596 0 0 3287173 13760945 17762791 25991438 30699387 -3069 4292876 321317525 300503253 13969745 12018871 307347780 288484382 X THE HAMMER MUSEUM AT UCLA BELIEVES IN THE PROMISE OF ART AND IDEAS TO ILLUMINATE OUR LIVES AND BUILD A MORE JUST WORLD. 0 0 18962289 57348 SEE SCHEDULE O. 4433542 290400 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. 23395831 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 156 0 1 371 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 19 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MICHAEL HARRISON 3104437034 10899 WILSHIRE BLVD LOS ANGELES CA 900244314 MICHAEL RUBEL PRESIDENT 2.00 0.00 X X 0 0 0 MARCY CARSEY CHAIRMAN 2.00 0.00 X X 0 0 0 STEVEN A OLSEN TREASURER 2.00 0.00 X X 0 0 0 GENE D BLOCK DIRECTOR 1.00 40.00 X 0 490766 68390 JAY BROWN DIRECTOR 1.00 0.00 X 0 0 0 ERIC ESRAILIAN DIRECTOR 1.50 0.00 X 0 0 0 CHARLES GAINES DIRECTOR 1.50 0.00 X 0 0 0 NICK GROUF DIRECTOR 1.00 0.00 X 0 0 0 MANUELA HERZER DIRECTOR 1.00 0.00 X 0 0 0 LARRY JACKSON DIRECTOR 1.00 0.00 X 0 0 0 LINDA JANGER DIRECTOR 1.00 0.00 X 0 0 0 LARRY MARX DIRECTOR 1.50 0.00 X 0 0 0 CINDY MISCIKOWSKI DIRECTOR 1.50 0.00 X 0 0 0 MARY OSAKO DIRECTOR 1.00 0.00 X 0 274134 45676 ANTHONY N PRITZKER DIRECTOR 1.00 0.00 X 0 0 0 KEVIN L RATNER DIRECTOR 1.00 0.00 X 0 0 0 CHIP ROSENBLOOM DIRECTOR 1.00 0.00 X 0 0 0 CHARA SCHREYER DIRECTOR 1.00 0.00 X 0 0 0 STEVEN P SONG DIRECTOR 1.00 0.00 X 0 0 0 ROBERT SOROS DIRECTOR 1.00 0.00 X 0 0 0 BRETT STEELE DIRECTOR 1.00 40.00 X 0 362177 47335 JOHN WALSH DIRECTOR 1.50 0.00 X 0 0 0 ANN PHILBIN MUSEUM DIRECTOR/CEO 40.00 0.00 X 667900 0 60450 MICHAEL HARRISON DEPUTY DIR/ASST TREASURER 40.00 0.00 X 283857 0 34351 RESHMA BISHNOI SEC/DIR LEGAL AFFAIRS 40.00 0.00 X 102275 0 16612 CYNTHIA BURLINGHAM DEPUTY DIR/CURATORIAL AFFAIRS 40.00 0.00 X 275505 0 64293 CORNELIA BUTLER CHIEF CURATOR 40.00 0.00 X 189915 0 60030 VERIDIANA PONTES CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 164896 0 37378 SCOTT TENNENT CHIEF COMMUNICATIONS OFFICER 40.00 0.00 X 162329 0 31049 ALFRED YERIES DEPUTY DIR/EXTERNAL AFFAIRS 40.00 0.00 X 225899 0 24297 CLAUDIA BESTOR DIRECTOR PUBLIC PROGRAMS 40.00 0.00 X 125358 0 25891 HENRY CLANCY DIRECTOR OPERATIONS 40.00 0.00 X 135611 0 27375 PORTLAND MCCORMICK DIR REGISTRATION & COLLEC MGMT 40.00 0.00 X 123462 0 27595 MELANIE CRADER TERM 021422 DIR EXHIBITION & PUB MGMT 40.00 0.00 X 120912 0 43024 RUSSEL DAVIS TERM 022522 CHIEF HR, EQUITY, & ENGAGEMENT 40.00 0.00 X 157335 0 12722 2735254 1127077 626468 17 0 1 0 KPMG LLP PO BOX 120922 DALLAS TX 75312 AUDIT & TAX SERVICES 195977 1 366830 264667 4709853 1326881 18642308 7722 25310539 CURATED TRAVEL PROGRAM 561520 290400 290400 ADMISSION 611710 34848 34848 EXHIB. AND PUBLIC FEES 900099 22500 22500 347748 2587531 2587531 5356 5356 405967 0 405967 405967 405967 6898867 1008397 5890470 5890470 5890470 23203 264667 77077 -53874 -53874 725260 256638 468622 15053 453569 OTHER REVENUE 900099 18096 18096 RIGHTS/ REPRODUCTION 900099 11808 11808 29904 34992263 347748 15053 9318923 2446476 1199710 604844 641922 7359593 6144067 404632 810894 18218 13578 1623 3017 3099564 2210431 385457 503676 12745 7647 1912 3186 20000 20000 14158 1658 12500 141941 141941 1850336 1850336 586411 505629 35367 45415 373418 304779 17160 51479 592240 464671 45069 82500 623777 510092 51323 62362 1907766 1524429 182903 200434 570686 553363 6873 10450 392567 29507 4561 358499 215493 215493 3215491 2921450 215907 78134 EXHIBITION RELATED EXP. 3485632 3485632 ART ACQUISITIONS 2330782 2330782 OTHER EXPENSES 1263719 1014419 49217 200083 EQUIP RENTAL/MAINTEN. 173152 148765 4758 19629 5222 5222 30699387 23395831 4016383 3287173 7946465 8883334 20992688 20662532 36656829 30553457 58391 144343 182708 184815 47140 13867 133996818 28603318 96241543 105393500 157940068 134461061 1251693 206344 321317525 300503253 3029899 2127833 0 9000000 10939846 891038 13969745 12018871 X 189154042 183542617 118193738 104941765 307347780 288484382 321317525 300503253 4292876 -23156274 0 X 0 1 X 1 1 1 X X 1 THE REGENTS OF THE UNIVERSITY OF CA 956006143 6 1 0 0 1 0 0 44390063 31869257 26173654 16011562 25310539 143755075 143755075 34518162 109236912 5359031 5923866 1724404 2454155 2592887 18054343 120640 270569 157366 1000 29903 579478 162388896 2826368 0.67270 0.58420 X 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X SCHEDULE A, PART VI, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 120,640. 2018 AMOUNT: $ 270,569. 2019 AMOUNT: $ 157,366. 2020 AMOUNT: $ 1,000. 2021 AMOUNT: $ 29,903. PART IV, SECTION A, LINE 2: SUPPORTED ORGANIZATION IRS DETERMINATION OF STATUS THE MUSEUM SUPPORTS THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, A GOVERNMENTAL ENTITY, WHICH IS FOR THE BENEFIT OF THE PUBLIC AND QUALIFIES AS 509(A)(1). THE MUSEUM RECEIVED A DETERMINATION LETTER FROM THE IRS ON NOVEMBER 1, 2017 CLASSIFYING THE MUSEUM'S SUPPORTING ORGANIZATION STATUS AS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION. PART IV, SECTION D, LINE 3: SUPPORTED ORGANIZATION'S ROLE IN INVESTMENT POLICIES OF THE ORGANIZATION THE MUSEUM'S INVESTMENT COMMITTEE ELECTED TO UTILIZE INVESTMENT MANAGEMENT SERVICES FROM ANOTHER SUPPORTING ORGANIZATION OF THE UNIVERSITY OF CALIFORNIA AND ITS FUNDS ARE INVESTED IN ITS ENDOWMENT INVESTMENT POOL. AT THE TIME OF SUCH ELECTION, THE MUSEUM'S INVESTMENT COMMITTEE INCLUDED 20% OF ITS MEMBERS FROM THE SUPPORTED ORGANIZATION. PART IV, SECTION E, LINE 1C: SUPPORT OF A GOVERNMENTAL ENTITY THE MUSEUM PROVIDED OR PURCHASED VARIOUS SERVICES AND/OR GOODS FOR THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, A GOVERNMENTAL ENTITY. THE MUSEUM, NEIGHBORING THE CAMPUS OF THE UNIVERSITY OF CALIFORNIA, LOS ANGELES (UCLA), IS MANAGED BY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, PURSUANT TO A 99-YEAR OPERATING AGREEMENT. THE MUSEUM IS RESPONSIVE TO UCLA THROUGH UCLA'S APPOINTMENT OF CERTAIN MUSEUM BOARD MEMBERS, AND AT LEAST ONE OFFICER OVERLAP BETWEEN THE ORGANIZATIONS. THE MUSEUM IS ONE OF THREE PUBLIC ART UNITS OF THE SCHOOL OF ARTS AND ARCHITECTURE AT UCLA. IT PROVIDES FREE ADMISSION TO THE UNIVERSITY STUDENTS AS WELL AS MEMBERS OF THE GENERAL PUBLIC. ADDITIONALLY, IT OPERATES OVER 300 ANNUAL PUBLIC PROGRAMS, INCLUDING PROVIDING FACILITIES FOR SCREENINGS, LECTURES AND EVENTS FOR UCLA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 157940068 900000 -15626290 7757875 994843 134461060 124169118 500000 41666078 7515312 879816 157940068 126103167 4722214 503313 6342408 817168 124169118 124622286 6131643 4496103 8360603 786262 126103167 110579280 9853221 11584595 6631311 763499 124622286 0.57600 0.42400 0 1 1 61846162 23141880 38704282 3560593 1793256 1767337 68590063 3668182 64921881 105393500 INVESTMENT IN UCLA FDN 134461061 F 134461061 DUE TO RELATED PARTIES 779448 LINE OF CREDIT 100000 UNEARNED INCOME 11590 891038 X 9985653 -23156274 -23156274 33141927 1850336 1850336 34992263 28849051 0 28849051 1850336 1850336 30699387 PART III, LINE 1A: THE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PERMIT SUCH TREATMENT IF THE CONTRIBUTED WORKS OF ART ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FINANCIAL GAIN, THE COLLECTION IS PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED, AND THE CONTRIBUTED ARTWORK IS SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. FOR INSURANCE PURPOSES, THE VALUE OF THE ART COLLECTIONS IS APPRAISED EVERY FIVE YEARS. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. THE MUSEUM'S PERMANENT COLLECTIONS CONSIST OF: THE ARMAND HAMMER COLLECTION (OLD MASTER, IMPRESSIONIST AND POST IMPRESSIONIST PAINTINGS); THE ARMAND HAMMER DAUMIER AND CONTEMPORARIES COLLECTION (PAINTINGS, SCULPTURES, AND LITHOGRAPHS BY THE FRENCH 19TH CENTURY CARICATURIST HONORE DAUMIER AND THE WORK OF HIS CONTEMPORARIES); AND THE HAMMER CONTEMPORARY COLLECTION (INTERNATIONAL CONTEMPORARY ART SINCE 1965, WITH AN EMPHASIS ON WORKS ON PAPER AND LOS ANGELES ARTISTS). THROUGHOUT THE YEAR, THE MUSEUM DISPLAYS A SUBSTANTIAL PORTION OF THE ARMAND HAMMER COLLECTION, AS WELL AS A ROTATION OF SELECTIONS FROM THE ARMAND HAMMER DAUMIER AND CONTEMPORARIES COLLECTION AND THE HAMMER CONTEMPORARY COLLECTION. THE COLLECTIONS ARE SUBJECT TO A POLICY WHICH REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THERE WERE NO SIGNIFICANT SALES OF ART RELATED TO THESE COLLECTIONS DURING THE FISCAL YEAR ENDED JUNE 30, 2022. PART V, LINE 4: INVESTMENT INCOME FROM THE MUSEUM'S ENDOWMENT IS USED FOR THE ACQUISITION OF WORKS OF ART FOR ITS COLLECTIONS, PRESENTING EXHIBITIONS AND PROGRAMS, AND GENERAL MUSEUM OPERATIONS. PART X, LINE 2 UNCERTAIN TAX POSITIONS THE MUSEUM IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER THE MUSEUM IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 0 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE SEE PART V 318940 0 0 0 0 0 0 318940 0 318940 0 0 0 0 0 0 PART I, LINE 2: PLACES/COUNTRIES VISITED: ITALY, FRANCE BRIEF EXPLANATION OF ACTIVITIES: IN SPRING OF 2022, THE HAMMER MUSEUM ORGANIZED A TRIP TO ITALY AND FRANCE FOR A GROUP OF 14 HIGH-LEVEL PATRONS AS PART OF THE MUSEUM'S ONGOING DONOR TRAVEL PROGRAM. THE GROUP FIRST VISITED VENICE, ITALY TO ATTEND THE 59TH VENICE BIENNALE, AN INTERNATIONAL CONTEMPORARY ART EXHIBITION. THE GROUP ALSO VISITED VARIOUS MUSEUMS, ARTS FOUNDATIONS, AND CULTURAL SITES ACROSS THE CITY OF VENICE. THE GROUP THEN TRAVELED TO PARIS, WHERE THEY MET WITH LOCAL ARTISTS AND RECEIVED TOURS OF MUSEUMS FROM RENOWNED CURATORS AND MUSEUM DIRECTORS. THE GROUP FINISHED THEIR TRAVEL IN ARLES, WHERE THEY WERE IMMERSED IN THE LOCAL HISTORY THROUGH EXPLORING ANCIENT ROMAN ARCHITECTURE AND A NEW FOUNDATION WHICH SERVES AS A CENTER OF ART AND THINKTANK IN THE PROVENCE AREA. PART III ACCOUNTING METHOD: X X X X CA GALA IN GARDEN 75000 75000 288 5738 K.A.M.P. 212870 189667 23203 29419 2288 1286 38058 287870 264667 23203 29707 2288 1286 43796 77077 -53874 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 ANN PHILBIN MUSEUM DIRECTOR/CEO 667900 0 0 0 0 0 42973 0 17477 0 728350 0 0 0 GENE D BLOCK DIRECTOR 0 490766 0 0 0 0 0 46292 0 22098 0 559156 0 0 BRETT STEELE DIRECTOR 0 362177 0 0 0 0 0 25074 0 22261 0 409512 0 0 CYNTHIA BURLINGHAM DEPUTY DIR/CURATORIAL AFFAIRS 275505 0 0 0 0 0 42195 0 22098 0 339798 0 0 0 MARY OSAKO DIRECTOR 0 274134 0 0 0 0 0 14995 0 30681 0 319810 0 0 MICHAEL HARRISON DEPUTY DIR/ASST TREASURER 282657 0 0 0 1200 0 23344 0 11007 0 318208 0 0 0 ALFRED YERIES DEPUTY DIR/EXTERNAL AFFAIRS 224699 0 0 0 1200 0 13290 0 11007 0 250196 0 0 0 CORNELIA BUTLER CHIEF CURATOR 188715 0 0 0 1200 0 29349 0 30681 0 249945 0 0 0 VERIDIANA PONTES CHIEF DEVELOPMENT OFFICER 164056 0 0 0 840 0 24613 0 12765 0 202274 0 0 0 SCOTT TENNENT CHIEF COMMUNICATIONS OFFICER 161489 0 0 0 840 0 13683 0 17366 0 193378 0 0 0 RUSSEL DAVIS TERM 022522 CHIEF HR, EQUITY, & ENGAGEMENT 156635 0 0 0 700 0 12573 0 149 0 170057 0 0 0 MELANIE CRADER TERM 021422 DIR EXHIBITION & PUB MGMT 120072 0 0 0 840 0 18478 0 24546 0 163936 0 0 0 HENRY CLANCY DIRECTOR OPERATIONS 134771 0 0 0 840 0 20160 0 7215 0 162986 0 0 0 CLAUDIA BESTOR DIRECTOR PUBLIC PROGRAMS 124518 0 0 0 840 0 18676 0 7215 0 151249 0 0 0 PORTLAND MCCORMICK DIR REGISTRATION & COLLEC MGMT 122622 0 0 0 840 0 18676 0 8919 0 151057 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL THE MUSEUM'S EXECUTIVE DIRECTOR, ANN PHILBIN WILL FLY BUSINESS OR ECONOMY CLASS. SHE WILL FLY FIRST CLASS IF NEITHER OF THESE OPTIONS ARE AVAILABLE. IN ONE SITUATION THIS YEAR, SHE FLEW FIRST CLASS. THIS WAS THE ONLY AVAILABLE FLIGHT ARRIVING AT THE NECESSARY TIME. THIS IS NOT TREATED AS TAXABLE COMPENSATION. X EXHIBIT- GIK 1 5222 RETAIL VALUE X ART SUPPLIES 1 2500 RETAIL VALUE 16 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS THE NUMBER OF CONTRIBUTIONS WAS DETERMINED BASED ON THE NUMBER OF ITEMS RECEIVED. FORM 990, PART I, LINE 1 THE HAMMER MUSEUM AT UCLA BELIEVES IN THE PROMISE OF ART AND IDEAS TO ILLUMINATE OUR LIVES AND BUILD A MORE JUST WORLD. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: 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. IN 2022 THE MUSEUM PRESENTED 7 MAJOR EXHIBITIONS, INCLUDING RETROSPECTIVES OF ARTISTS ULYSSES JENKINS, ANDREA BOWERS, AND BOB THOMPSON. THE MUSEUM ALSO SHOWCASED 7 ARTISTS IN THE LONG-RUNNING HAMMER PROJECTS EXHIBITION SERIES. THE HAMMER PUBLISHED 4 EXHIBITION CATALOGUES THIS YEAR, FOR ARTISTS ANDREA BOWERS AND ULYSSES JENKINS, THE GROUP EXHIBTION "LIFES AND AN EXHIBITION OF PICASSO'S CUT PAPERS. 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. FORM 990, PART VI, SECTION A, LINE 3 THE HAMMER MUSEUM HAS DELEGATED EXCLUSIVE OPERATIONAL MANAGEMENT OF THE MUSEUM TO THE UNIVERSITY OF CALIFORNIA PER AN OPERATING AGREEMENT BETWEEN THE MUSEUM AND THE UNIVERSITY THAT WAS ENTERED INTO ON MARCH 31, 1994 FOR A TERM OF NINETY-NINE YEARS. THE OPERATING AGREEMENT PROVIDES FOR SPECIFIC POWERS AND DUTIES RESERVED TO THE MUSEUM'S BOARD OF DIRECTORS AND DELEGATES TO THE UNIVERSITY ALL OTHER POWERS AND DUTIES THAT MAY BE CONFERRED BY LAW. THE OPERATING AGREEMENT GRANTS TO THE UNIVERSITY THE AUTHORITY TO MANAGE THE DAY-TO-DAY OPERATIONS OF THE MUSEUM AS A FIRST CLASS PUBLIC ART MUSEUM AND CULTURAL CENTER IN ACCORDANCE WITH STANDARD MUSEUM PRACTICE. THE OPERATING AGREEMENT ALSO OBLIGATES THE UNIVERSITY TO FUND ANY SHORTFALL NECESSARY FOR THE MANAGEMENT AND OPERATION OF THE MUSEUM UP TO A CERTAIN AMOUNT PER FISCAL YEAR, WHICH IS ADJUSTED FOR COST OF LIVING INCREASES. THE TERMS AND CONDITIONS OF THE OPERATING AGREEMENT ARE SUBJECT TO CERTAIN OTHER AGREEMENTS ENTERED INTO BY THE MUSEUM WITH CERTAIN KEY PARTIES. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS, AS THE SOLE MEMBER OF THE CORPORATION, HAS THE POWER TO ELECT ALL BUT THREE OF THE TWENTY-FOUR DIRECTORS ON THE BOARD. THESE THREE DIRECTORS ARE APPOINTED AS FOLLOWS: THE THEN-SITTING CHANCELLOR OF THE UNIVERSITY OF CALIFORNIA, LOS ANGELES IS AN EX OFFICIO DIRECTOR; THE UNIVERSITY HAS THE RIGHT TO APPOINT AND REMOVE TWO DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE HAMMER MUSEUM BOARD OF DIRECTORS HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. THE MUSEUM'S DEPUTY DIRECTOR, FINANCE AND ADMINISTRATION, AND THE MUSEUM'S DIRECTOR OF FINANCE, WORK CLOSELY TO REVIEW THE RETURN WITH THE OUTSIDE ACCOUNTING FIRM ENGAGED BY THE MUSEUM. THE AUDIT COMMITTEE ALSO MEETS WITH THE ACCOUNTING FIRM TO REVIEW AND DISCUSS THE FORM 990, AND SUBSEQUENT TO ITS REVIEW, REPORTS BACK TO THE BOARD REGARDING ITS OVERSIGHT OF THE FORM 990. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST POLICY THE HAMMER MUSEUM, AS PART OF THE UNIVERSITY, IS SUBJECT TO THE CALIFORNIA POLITICAL REFORM ACT, WHICH REQUIRES THAT CERTAIN STATE AND LOCAL GOVERNMENT OFFICIALS PUBLICLY DISCLOSE THEIR PRIVATE ECONOMIC INTERESTS ON AN OFFICIAL STATEMENT OF ECONOMIC INTERESTS FORM, AND THAT ALL GOVERNMENT (UNIVERSITY) EMPLOYEES DISQUALIFY THEMSELVES FROM PARTICIPATING IN DECISIONS IN WHICH THEY HAVE A PERSONAL FINANCIAL INTEREST. THE UNIVERSITY LISTS THE POSITION TITLES OF THOSE EMPLOYEES OR OFFICIALS (DESIGNATED POSITION) IN AN ORGANIZATION WHO ARE REQUIRED TO PROVIDE PERSONAL FINANCIAL INFORMATION, ASSIGNS DISCLOSURE CATEGORIES TO THESE POSITIONS, AND INDICATES THE TYPES OF ECONOMIC INTEREST WHICH MUST BE REPORTED, SUCH AS INVESTMENTS, INTERESTS IN REAL ESTATE, OR SOURCES OF INCOME OR GIFTS. DESIGNATED EMPLOYEES ARE REQUIRED TO FILE STATEMENTS WHEN THEY ASSUME AND LEAVE A DESIGNATED POSITION, AND ANNUALLY WHILE THEY ARE IN THE DESIGNATED POSITION. HAMMER MUSEUM EMPLOYEES ARE UNIVERSITY OF CALIFORNIA EMPLOYEES, WHO ARE ALL, EITHER DIRECTLY OR BY APPLICATION OF THE UNIVERSITY'S CONFLICT OF INTEREST CODE, SUBJECT TO THOSE PROVISIONS OF THE ACT WHICH PROHIBIT THE MAKING OF OR THE PARTICIPATION IN UNIVERSITY DECISIONS IN WHICH FINANCIAL CONFLICTS OF INTEREST EXIST. AN INDIVIDUAL WHO FINDS HIMSELF OR HERSELF IN A CONFLICT OF INTEREST IS REQUIRED TO REFRAIN FROM MAKING, PARTICIPATING IN THE MAKING OF, OR ATTEMPTING TO INFLUENCE ANY UNIVERSITY DECISION WHICH MAY MATERIALLY AFFECT THE INDIVIDUAL'S FINANCIAL INTERESTS. THE UNIVERSITY REQUIRES THAT ALL EMPLOYEES PERIODICALLY COMPLETE A MANDATORY COMPLIANCE BRIEFING, WHICH IS DESIGNED TO RAISE CONTINUED AWARENESS OF THE UNIVERSITY OF CALIFORNIA STATEMENT OF ETHICAL VALUES AND STANDARDS OF ETHICAL CONDUCT, AND TO CONVEY UNIVERSITY EMPLOYMENT OBLIGATIONS WITH RESPECT TO ETHICAL AND COMPLIANT BEHAVIOR. THE MUSEUM ADOPTED ITS OWN ETHICAL GUIDELINES, WHICH ADDRESS CONFLICTS OF INTEREST. ALL COVERED PERSONS, WHICH INCLUDE BOARD MEMBERS, OFFICERS AND ANY KEY EMPLOYEES, ARE EXPECTED TO REASONABLY AND PROFESSIONALLY ASSESS THEIR INDIVIDUAL SITUATIONS FOR ACTUAL, POTENTIAL, OR PERCEIVED CONFLICTS, AND TO EXERCISE GOOD JUDGMENT IN DISCLOSING SUCH CONFLICTS. ALL EMPLOYEES SHOULD DISCLOSE ACTUAL, POTENTIAL AND PERCEIVED CONFLICTS OF INTEREST TO THEIR IMMEDIATE SUPERVISOR AND TO THE EXTENT POSSIBLE, WRITTEN DISCLOSURES AND APPROVALS SHOULD BE SUBMITTED ON A CONFLICT OF INTEREST DISCLOSURE FORM. THE MUSEUM PROVIDES THE ETHICAL GUIDELINES TO, AND REQUESTS A CERTIFICATE OF COMPLIANCE FROM THE BOARD, OFFICERS AND ANY KEY EMPLOYEES, ANNUALLY. BY ADOPTING AND CERTIFYING THEIR COMPLIANCE, BOARD MEMBERS ARE ALSO SEPARATELY BOUND TO DISCLOSE ANY CONFLICTS AS THEY MAY ARISE BY USE OF ANOTHER FORM PROVIDED WITH THE ETHICAL GUIDELINES. THOUGH NOT FORMALLY CHARGED WITH THE RESPONSIBILITY, THE BOARD SECRETARY (OR ASSISTANT SECRETARY) IS RESPONSIBLE FOR COLLECTING, REVIEWING AND RETAINING CERTIFICATES OF COMPLIANCE IN MUSEUM FILES. ANY DISCLOSURES MUST BE MADE TO THE BOARD PRESIDENT, OR IF HE OR SHE IS NOT AVAILABLE, TO THE CHAIRMAN OF THE BOARD. THE BOARD PRESIDENT WOULD DISCLOSE CONFLICTS TO THE CHAIRMAN OF THE BOARD. THEREFORE, THE BOARD PRESIDENT AND CHAIRMAN OF THE BOARD WOULD BE RESPONSIBLE FOR ADDRESSING ANY POTENTIAL CONFLICTS THAT MAY ARISE WITH THE BOARD AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION THE MUSEUM, WORKING THROUGH THE BOARD-APPOINTED COMPENSATION COMMITTEE THAT IS COMPRISED OF INDEPENDENT PERSONS, HAS A PROCESS FOR REVIEWING AND ENDORSING COMPENSATION PACKAGES FOR OFFICERS AND KEY EMPLOYEES, INCLUDING THE MUSEUM DIRECTOR/CEO. THE HAMMER COMPENSATION COMMITTEE MET ON MAY 24,2021 TO REVIEW THE COMPENSATION PLAN FOR THE MUSEUM'S OFFICERS AND KEY EMPLOYEES. THE COMPENSATION PLAN INCLUDED BENCHMARKING DATA FROM PEER INSTITUTIONS AS SHOWN ON THEIR PUBLIC 990 TAX RETURNS, AND THE ANNUAL SALARY SURVEY FROM THE ASSOCIATION OF ART MUSEUM DIRECTORS ('AAMD'). THE COMMITTEE VOTED UNANIMOUSLY TO ENDORSE THE COMPENSATION PLAN AND COMPENSATION RANGES FOR THE COMING FISCAL YEAR. THE COMMITTEE REPORTED ITS REVIEW OF THE COMPENSATION PLAN TO THE HAMMER BOARD OF DIRECTORS AT THE JUNE 22, 2021 HAMMER BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS THE MUSEUM'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION ON ITS WEBSITE AND HARD COPY BY REQUEST. ADDITIONALLY, THE MUSEUM FILES ITS FORM 990 WITH THE CALIFORNIA ATTORNEY GENERAL AND ROUTINELY UPDATES ITS INFORMATION ON THIRD PARTY PLATFORMS SUCH AS GUIDESTAR, CHARITY NAVIGATOR, AND THE NATIONAL CENTER FOR CHARITABLE STATISTICS. THE MUSEUM'S ARTICLES, BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 405 HILGARD AVE LOS ANGELES CA 90095 956006143 EDUCATION CA N/A 0 0 0 1 0 1 0 0 0 0 1 1 0 1 0 0 1 1 0 0