THE BROAD: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- THE BROAD (EIN 27-3032164)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-14
- IRS object ID
- 202323189349105652
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- General Explanation Attachment
- Investments Land Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-14T16:48:29-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 911194016 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLARK NUBER PS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10900 NE 4TH ST SUITE 1400 | AddressLine1Txt |
| City | BELLEVUE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273032164 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE BROAD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | THEB | BusinessNameControlTxt |
| Phone | 2132326220 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 SOUTH GRAND AVENUE 1800 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALYSA GERLACH | PersonNm |
| Person Title | COO/TREASURER | PersonTitleTxt |
| Phone | 3109545027 | PhoneNum |
| Signature | 2023-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ALYSA | PersonFirstNm |
| Person Last | GERLACH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENNIFER BECKER HARRIS | PreparerPersonNm |
| PTIN | P00183358 | PTIN |
| Phone | 4254544919 | PhoneNum |
| Preparation | 2023-11-13 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $553,133,729 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $4,910,279 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $288,201 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $288,201 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $288,201 | InterestOnSavingsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $429,386 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $429,386 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $429,386 | GrossRentsAdjNetIncmAmt |
| Net Rental Income Or Loss | $339,408 | NetRentalIncomeOrLossAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Incm Modifications Adj Net Incm | $119,342 | IncmModificationsAdjNetIncmAmt |
| Gross Sales Less Ret And Allwnc | $6,168,550 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $2,578,751 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $3,589,799 | GrossProfitRevAndExpnssAmt |
| Gross Profit Adj Net Incm | $3,589,799 | GrossProfitAdjNetIncmAmt |
| Other Income Rev And Expnss | $18,238,714 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $4,200,991 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $27,456,379 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $717,587 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $8,627,719 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $820,755 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $820,755 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $5,020,478 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $23,143 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $1,678,282 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $3,342,196 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,530,507 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $226,319 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,304,188 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $109,830 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $25,597 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $25,597 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $84,233 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $39,819 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,991 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $4,128 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $35,691 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $5,357,971 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $14,100 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $1,676,736 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $3,681,235 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $1,213,321 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $1,213,321 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $26,508 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $26,508 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $4,364,890 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $34,188 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $307,826 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $879,536 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $99,187 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $780,349 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $399,941 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $1,047 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $398,894 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $43,505 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $43,505 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $5,675,846 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $1,730,679 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,611,263 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $25,482,907 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $99,019 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $5,749,801 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $15,342,138 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $25,482,907 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $99,019 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $5,749,801 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $15,342,138 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,973,472 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $618,568 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,877,918 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $171,403 | CashBOYAmt |
| Cash EOY | $820,557 | CashEOYAmt |
| Cash EOYFMV | $820,557 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $26,094,180 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $26,101,611 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $26,101,611 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $1,188,878 | AcctRcvblAmt |
| Acct Rcvbl BOY | $627,224 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1,188,878 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,188,878 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl | $364,087,597 | PledgesRcvblAmt |
| Pledges Rcvbl BOY | $368,169,217 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $364,087,597 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $364,087,597 | PledgesRcvblEOYFMVAmt |
| Inventories BOY | $1,588,269 | InventoriesBOYAmt |
| Inventories EOY | $1,465,528 | InventoriesEOYAmt |
| Inventories EOYFMV | $1,465,528 | InventoriesEOYFMVAmt |
| Prepaid Expenses BOY | $239,623 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $495,237 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $495,237 | PrepaidExpensesEOYFMVAmt |
| Invst Land Cost Or Other Basis | $8,000,000 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $33,333 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments EOY | $7,966,667 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $7,966,667 | LandBldgInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $181,565,023 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $32,420,245 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $152,416,807 | LandBOYAmt |
| Land EOY | $149,144,778 | LandEOYAmt |
| Land EOYFMV | $149,144,778 | LandEOYFMVAmt |
| Other Assets BOY | $1,862,876 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,862,876 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,862,876 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $551,169,599 | TotalAssetsBOYAmt |
| Total Assets EOY | $553,133,729 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $553,133,729 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $861,877 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $5,429,715 | AccountsPayableEOYAmt |
| Mortgages And Notes Payable BOY | $146,236,529 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $141,659,349 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $468,925 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $468,925 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $147,567,331 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $147,557,989 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $403,602,268 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $405,575,740 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $403,602,268 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $405,575,740 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $551,169,599 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $553,133,729 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $403,602,268 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,973,472 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $405,575,740 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $405,575,740 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $8,598 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $8,598 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $8,598 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $25,637 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $25,637 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $17,039 | OverpaymentAmt |
| Applied To ES Tax | $17,039 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.THEBROAD.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JULIE BAKER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3109545026 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 SOUTH GRAND AVENUE STE 1800 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (14 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| JOANNE HEYLER | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | PRESIDENT, DIRECTOR, FOUNDING DIRECTOR | 30.00 | $480,000 | $35,478 | $0 |
| DEBORAH KANTER | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | SECRETARY, DIRECTOR | 5.00 | $0 | $0 | $0 |
| ALYSA GERLACH | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | TREASURER, COO (PART YEAR) | 34.00 | $340,755 | $38,972 | $0 |
| KELLY BEREN | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | ASSISTANT TREASURER | 5.00 | $139,040 | $13,285 | $0 |
| ROBERT H TUTTLE | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | CHAIRMAN, DIRECTOR | 5.00 | $0 | $0 | $0 |
| JAY WINTROB | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR, TREASURER (PART YEAR) | 1.00 | $0 | $0 | $0 |
| BRUCE KARATZ | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| TOM CAMPBELL | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| SHERRY LANSING | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| EDYTHE L BROAD | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| SUZANNE NORA JOHNSON | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JESSE CASSO JR | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MICHAEL V DRAKE | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MONICA C LOZANO | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| EDWARD PATUTO | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR OF AUDIENCE | 40.00 | $185,794 | $43,484 | $0 |
| RICHARD MITCHELL | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR OF FACILITI | 40.00 | $168,133 | $29,363 | $0 |
| WILLIAM R HUDSON IV | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR OF RETAIL O | 40.00 | $137,587 | $24,731 | $0 |
| ALEXANDRA WILLIAMS | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR OF VISITOR | 40.00 | $127,500 | $13,686 | $0 |
| HEIDI QUICKSILVER | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | DIRECTOR OF TECHNOLO | 40.00 | $132,858 | $7,677 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 23 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CALIFORNIA PROTECTION & INVESTIGATION SERVICES | |||||
| 1525 AVIATION BLVD 243 | REDONDO BEACH | CA | 90278 | SECURITY | $1,929,519 |
| FAMILY OFFICE FINANCIAL SERVICES | |||||
| 300 SOUTH GRAND AVE SUITE 1800 | LOS ANGELES | CA | 90071 | ACCTG, HR, TAX, IT | $883,256 |
| ABM ONSITE SERVICES | |||||
| PO BOX 52609 | LOS ANGELES | CA | 90074 | JANITORIAL | $637,474 |
| DILLER SCOFIDIO RENFRO | |||||
| 601 W 26TH ST 1815 | NEW YORK CITY | NY | 10001 | DESIGN | $385,410 |
| SIEMENS INDUSTRY INC | |||||
| PO BOX 2134 | CAROL STREAM | IL | 60132 | TECHNOLOGY | $266,809 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 24 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE BROAD MUSEUM, WHICH HAS 50,000 SQUARE FEET OF PUBLIC EXHIBITION SPACE, 21,000 SQUARE FEET OF COLLECTION STORAGE SPACE, AND A 200-PERSON PUBLIC LECTURE HALL, IS HOME TO THE MORE THAN 2,000 WORKS OF CONTEMPORARY ART IN THE BROAD COLLECTIONS. SINCE IT OPENED IN SEPTEMBER 2015, THE BROAD HAS OFFERED FREE GENERAL ADMISSION, AND HAS ATTRACTED A DIVERSE AUDIENCE OF NEARLY 4.48 MILLION VISITORS THROUGH 2022. IN ADDITION, THE BROAD PRESENTS A RANGE OF PUBLIC PROGRAMS--FAMILY WORKSHOPS, FILM, LECTURES, AND PERFORMANCES--ABOUT THE COLLECTIONS AND PROMOTES THE CULTURAL AND CIVIC VITALITY OF LOS ANGELES BY PROVIDING A PUBLIC OUTDOOR PLAZA AND A CONVENIENT PARKING GARAGE TO FACILITATE GREATER ENGAGEMENT OF THE PUBLIC WITH DOWNTOWN LOS ANGELES. | Description1Txt |
| Expenses1 | $26,381,810 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $26,487,313 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,336,986 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $27,824,299 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $27,824,299 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $417,364 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $27,406,935 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,370,347 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $15,342,138 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $5,633,941 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $20,976,079 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2010-05-28 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,370,347 | CurrentYearAmt |
| Year1 | $829,470 | Year1Amt |
| Year2 | $179,896 | Year2Amt |
| Year3 | $906,072 | Year3Amt |
| Total | $3,285,785 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,164,795 | CurrentYearAmt |
| Year1 | $705,050 | Year1Amt |
| Year2 | $152,912 | Year2Amt |
| Year3 | $770,161 | Year3Amt |
| Total | $2,792,917 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $20,976,079 | CurrentYearAmt |
| Year1 | $20,039,549 | Year1Amt |
| Year2 | $23,853,274 | Year2Amt |
| Year3 | $22,513,202 | Year3Amt |
| Total | $87,382,104 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $20,976,079 | CurrentYearAmt |
| Year1 | $20,039,549 | Year1Amt |
| Year2 | $23,853,274 | Year2Amt |
| Year3 | $22,513,202 | Year3Amt |
| Total | $87,382,104 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $913,565 | CurrentYearAmt |
| Year1 | $706,939 | Year1Amt |
| Year2 | $692,754 | Year2Amt |
| Year3 | $604,048 | Year3Amt |
| Total | $2,917,306 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EXHIBITS, TICKETED PROG. | Desc |
| Related Or Exempt Function Incm | $2,064,081 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $288,201 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $339,408 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 459420 | BusinessCd |
| Unrelated Business Taxbl Incm | $171,313 | UnrelatedBusinessTaxblIncmAmt |
| Related Or Exempt Function Incm | $3,418,486 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|---|
| MUSEUM PARKING | 03 | $2,131,252 | |
| INSURANCE PROCEEDS | $25,000 | ||
| GAAP DISCOUNT ON PLEDGES | $13,918,381 | ||
| REIMBURSEMENTS | $100,000 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $171,313 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,758,861 | ExclusionAmt |
| Related Or Exempt Function Incm | $19,525,948 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $22,456,122 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (5 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1A | SPECIAL EXHIBITIONS, ART TALKS AND GROUP TICKETS PROVIDE EDUCATION AND ACCESS TO WORLD-CLASS CONTEMPORARY ART. |
| 10 | PROMOTION OF ACCESS TO CONTEMPORARY ART |
| 11B | PROCEEDS FOR MUSEUM QUALIFYING DISTRIBUTION |
| 11C | GAAP DISCOUNT ON CURRENT YEAR PLEDGES |
| 11D | REIMBURSEMENTS FOR MUSEUM QUALIFYING DISTRIBUTIONS |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (5 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| THE ELI AND EDYTHE BROAD FOUNDATION | ||||||
| 1 | 300 SOUTH GRAND AVENUE STE 1800 | LOS ANGELES | CA | 90071 | $3,217,600 | Yes (X) |
| EAST WEST BANK | ||||||
| 2 | 135 N LOS ROBLES AVENUE | PASADENA | CA | 91101 | $1,014,365 | Yes (X) |
| INSTITUTE OF MUSEUM AND LIBRARY SERVICES | ||||||
| 3 | 955 LENFANT PLAZA NORTH SW SUITE 40 | WASHINGTON | DC | 20024 | $371,414 | Yes (X) |
| VAN CLEEF & ARPELS | ||||||
| 4 | 645 FIFTH AVENUE 5TH FLOOR | NEW YORK | NY | 10022 | $300,000 | Yes (X) |
| THE J PAUL GETTY TRUST | ||||||
| 5 | 1200 GETTY CENTER DRIVE 401 | LOS ANGELES | CA | 90049 | $6,900 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AUDIT AND TAX | CategoryTxt |
| Amt | $39,819 | Amt |
| Net Investment Income | $1,991 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $4,128 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $35,691 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | OTIUM BUILDING | PropertyDesc |
| Acquired | 2022-11-01 | AcquiredDt |
| Cost Or Other Basis | $8,000,000 | CostOrOtherBasisAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 39.000000000000 | LifeRt |
| Current Year Expense | $34,188 | CurrentYearExpenseAmt |
| Net Investment Income | $34,188 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $34,188 | AdjustedNetIncomeAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (3 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| CONTRIBUTION RECONCILIATION, PT 1, LINE 1 & SCH B | 990PF, PART 1, LINE 1 | CONTRIBUTIONS, GIFTS AND GRANTS RECEIVED ON PART 1, LINE 1 AND SCHEDULE B REFLECT 2022 ACCRUAL CONTRIBUTIONS WITHOUT REGARD TO THE DISCOUNT OF $13,918,381. THE DISCOUNT IS REFLECTED ON PART 1, LINE 11. DONATIONS RECEIVED IN 2022 (CASH BASIS) WERE $22,910,280. |
| FORM 990PF, PART VII-B, LINE 1A(3) AND 1A(4) | STATEMENTS REGARDING ACTIVITIES FOR WHICH FORM 4720 MAY BE REQUIREDPART VII-B, LINE 1A(3)THERE ARE DISQUALIFIED PERSONS WHO FURNISH THE FOUNDATION WITH IN-KIND SERVICES AND USE OF FACILITIES IN ORDER TO GOVERN THE FOUNDATION'S CHARITABLE ACTIVITIES. THE SERVICES AND USE OF THE FACILITY ARE PROVIDED FREE OF CHARGE. THESE ACTIVITIES ARE NOT AN ACT OF SELF-DEALING AS CODIFIED IN IRC SECTION 4941(D)(2)(C).KELLY BEREN'S COMPENSATION IS PART OF THE FEES CHARGED BY FAMILY OFFICE FINANCIAL SERVICES, LLC (FOFS). THE PORTION OF FEES CHARGED BY FOFS FOR KELLY'S COMPENSATION ARE BASED ON AN ALLOCATION OF TIME THAT KELLY DEVOTES TO THE BROAD. | |
| FORM 990PF, PART VII, LINE 1 AND 3 | PER THE FORM INSTRUCTIONS, AN ALLOCATION OF DIRECTORS AND OFFICERS COMPENSATION HAVE BEEN DISCLOSED ON PART VII, LINE 1 WHICH ARE PAID BY THE FOUNDATION TO FAMILY OFFICE FINANCIAL SERVICES THROUGH A SERVICES AGREEMENT. THE COMPENSATION IS FOR SERVICES THE DIRECTORS AND OFFICERS PROVIDE TO THE FOUNDATION SEPARATE FROM THEIR DUTIES AS DIRECTORS OR OFFICERS. NO ADJUSTMENTS HAVE BEEN MADE TO THE AMOUNTS ON PART I LINE 13 OR PART VII LINE 3. |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | PLAZA BUILDING | CategoryOrItemTxt |
| Cost Or Other Basis | $8,000,000 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $33,333 | AccumulatedDepreciationAmt |
| Book Value | $7,966,667 | BookValueAmt |
| EOYFMV | $7,966,667 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| BUILDING | $163,814,451 | $30,577,677 | $133,236,774 | $133,236,774 |
| FURNITURE AND FIXTURES | $970,499 | $954,393 | $16,106 | $16,106 |
| COMPUTERS AND EQUIPMENT | $1,139,171 | $686,809 | $452,362 | $452,362 |
| SOFTWARE | $201,366 | $201,366 | $0 | |
| CONSTRUCTION IN PROGRESS | $2,243,783 | $0 | $2,243,783 | $2,243,783 |
| LAND | $13,195,753 | $0 | $13,195,753 | $13,195,753 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| LEGAL | $84,233 | $0 | $0 | $84,233 |
| LEGAL FEES - RENTAL | $25,597 | $25,597 | $25,597 | $0 |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp
Lender Name LenderNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Insider Relationship | NONE | InsiderRelationshipTxt |
| Loan Original | $150,000,000 | LoanOriginalAmt |
| Balance Due | $141,659,349 | BalanceDueAmt |
| Note | 2021-05 | NoteDt |
| Loan Maturity | 2031-06 | LoanMaturityDt |
| Repayment Terms | 10 YR @ 5%, PAYABLE SEMI-ANNUALLY, EFF YLD 0.903% | RepaymentTermsTxt |
| Interest | 5.000000000000 | InterestRt |
| Security Provided Borrower | SECURITY INTEREST IN $161,000,000 OF GROSS CONTRIBUTIONS RECEIVABLE | SecurityProvidedBorrowerTxt |
| Loan Purpose | DESIGN, DEVELOPMENT AND CONSTRUCTION OF MUSEUM PROJECT | LoanPurposeTxt |
| Lender Consideration | TAX EXEMPT BOND PROCEEDS | LenderConsiderationDesc |
| Consideration FMV | $150,893,049 | ConsiderationFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM RELATED INVESTMENT | Desc |
| BOY Book Value | $1,862,876 | BOYBookValueAmt |
| EOY Book Value | $1,862,876 | EOYBookValueAmt |
| EOYFMV | $1,862,876 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ART EXPENSE | $849,396 | $0 | -$530 | $849,926 |
| MAINTENANCE AND REPAIRS | $892,956 | $0 | $81,228 | $811,728 |
| LICENSING | $146,002 | $0 | $129,678 | $16,324 |
| BANK FEES | $174,827 | $0 | $173,608 | $1,219 |
| OFFICE EXPENSE & OTHER COSTS | $975,229 | $0 | $296,672 | $678,557 |
| PARKING | $979,485 | $0 | $977,442 | $2,043 |
| INSURANCE | $295,007 | $0 | $4,368 | $290,639 |
| BOND COST | $17,030 | $0 | $0 | $17,030 |
| EVENT & PROMOTION | $1,152,991 | $0 | $68,213 | $1,084,778 |
| TECHNOLOGY | $191,113 | $0 | $0 | $191,113 |
| ACCRUAL TO CASH ADJUSTMENT | $0 | $0 | $0 | -$333,904 |
| EXHIBITION TOUR FEES | $1,810 | $0 | $0 | $1,810 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| EXHIBITS, TICKETED PROG. | $2,064,081 | $2,064,081 |
| MUSEUM PARKING | $2,131,252 | $2,131,252 |
| INSURANCE PROCEEDS | $25,000 | $5,658 |
| GAAP DISCOUNT ON PLEDGES | $13,918,381 | $0 |
| REIMBURSEMENTS | $100,000 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST PAYABLE | Desc |
| BOY Book Value | $468,925 | BOYBookValueAmt |
| EOY Book Value | $468,925 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (7 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PROGRAM RELATED FEES | $620,616 | $0 | $16,465 | $604,151 |
| OTHER PROF FEES | $1,062,469 | $0 | $0 | $1,062,469 |
| CLEANING FEES | $599,345 | $0 | $31,535 | $567,810 |
| MUSEUM SECURITY | $2,015,986 | $0 | $1,562,866 | $453,120 |
| PUBLIC RELATIONS | $176,542 | $0 | $0 | $176,542 |
| SERVICE FEES | $875,963 | $7,050 | $58,820 | $817,143 |
| SERVICE FEES - RENTAL | $7,050 | $7,050 | $7,050 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OTHER TAXES | $2,556 | $0 | $0 | $2,556 |
| FEDERAL | $18,500 | $0 | $0 | $18,500 |
| STATE | $5,452 | $0 | $0 | $5,452 |