2021-12-02T17:02:11-06:00 2020-06-30 951777440 GREEN HASSON & JANKS LLP 700 SOUTH FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2019-07-01 953433820 THE MUSEUM OF CONTEMPORARY ART LOS ANGELES MUSE 2136212766 250 S GRAND AVENUE LOS ANGELES CA 90012 JOY BRATHWAITE CFO 2136212766 2021-11-30 1 LIZBETH G NEVAREZ P01399868 3108731600 2019 2022-09-23 18:48:47Z X JOY BRATHWAITE 250 S GRAND AVENUE LOS ANGELES CA 90012 45750355 0 X WWW.MOCA.ORG X 1979 CA TO ORGANIZE EXHIBITIONS AND PROGRAMS TO ENHANCE PUBLIC KNOWLEDGE AND APPRECIATION OF THE ART. 44 42 295 45 0 0 21728928 18283908 1570666 736193 2478863 745492 121014 439335 25899471 20204928 0 0 0 0 9597202 8761790 0 0 1241558 10571934 9182739 20169136 17944529 5730335 2260399 169717238 173324238 2797575 4205926 166919663 169118312 X THE MUSEUM OF CONTEMPORARY ART WAS FOUNDED IN 1979 TO COLLECT, EXHIBIT, INTERPRET, AND PRESERVE CONTEMPORARY ART FOR THE PUBLIC BENEFIT, TO ENHANCE ACCESSIBILITY, TO FURTHER PUBLIC UNDERSTANDING AND APPRECIATION OF CONTEMPORARY ART, AND TO ENCOURAGE ONGOING CREATIVE ACTIVITY. THE MUSEUM ORGANIZES DIVERSE EXHIBITIONS AND PROGRAMS TO ENHANCE PUBLIC KNOWLEDGE AND APPRECIATION OF THE ART OF OUR TIME. 0 0 5431081 BUILDING OPERATIONS AND SECURITY: THE MOCA BUILDING, DESIGNED BY CELEBRATED JAPANESE ARCHITECT ARATA ISOZAKI, AND THE GEFFEN CONTEMPORARY BUILDING, SUBTLY RENOVATED BY RENOWNED CALIFORNIA ARCHITECT FRANK GEHRY, ARE MAINTAINED AND SECURED TO ENSURE THE MOST BENEFICIAL AND ENJOYABLE EXPERIENCE FOR THE VISITING PUBLIC. 4956280 963694 CURATORIAL AND EXHIBITION PROGRAMS: DURING THE YEAR ENDED JUNE 30, 2020, EXHIBITIONS HIGHLIGHTING MOCA'S PERMANENT COLLECTION WERE COMPLEMENTED WITH THE MAJOR EXHIBITION "WITH PLEASURE: PATTERN AND DECOCORATION IN AMERICAN ART 1972-1985 AND EXHIBITIONS WITH GALA PORRAS KIM AND XU ZHEN 1222383 PUBLIC AFFAIRS/INFORMATION:A VARIETY OF PROMOTIONAL, ADVERTISING AND PUBLIC PROGRAMS WERE PRODUCED BY MOCA'S COMMUNICATIONS DEPARTMENT TO INFORM THE PUBLIC OF MOCA'S ACTIVITIES AND DISSEMINATE INFORMATION ABOUT CONTEMPORARY ART. 618688 3680 EDUCATION PROGRAMS:MOCA IS COMMITTED TO PROVIDING THE EDUCATIONAL EXPERIENCES TO MAXIMIZE ACCESS AND INCLUSION IN THE ARTS. BOTH TYPES HAVE BEEN ADAPTED TO ONLINE FORMATS. THE MUSEUM'S EDUCATIONAL PROGRAMS RANGE FROM ONE-TIME EVENTS AT THE MUSEUM TO ONGOING PROGRAMS TAKING PLACE ACROSS LOS ANGELES, PUBLIC PROGRAMS INCLUDE LECTURES, PANELS, AND SCREENINGS ORGANIZED BY THE CURATORIAL DEPARTMENT, AND EDUCATIONAL PROGRAMS AND RESOURCES FOR FAMILIES, TEENS, AND TEACHERS. 618688 3680 12228432 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 X 149 0 1 295 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 44 42 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JOY E BRATHWAITE CFO 2136212766 250 SOUTH GRAND AVE LOS ANGELES CA 90012 KLAUS BIESENBACH DIRECTOR 40.00 0.00 X X 995429 0 37550 KATE MOTONAGA CFO/COO 40.00 0.00 X 217780 0 3207 SARAH STIFLER DIR OF COMMUNICATION 40.00 0.00 X 202470 0 8939 PAUL BESSIRE DIR OF DEVELOPMENT 40.00 0.00 X 199933 0 506 PHILIPPE VERGNE DIRECTOR (UNTIL MARCH 2019) 40.00 0.00 X X 183411 0 0 JILL DAVIS DIR OF EXHIBITION MGMT 40.00 0.00 X 156197 0 17930 BENNETT SIMPSON SENIOR CURATOR 40.00 0.00 X 135758 0 0 WOODBURN SCHOFIELD DIR OF OPERATIONS 40.00 0.00 X 130388 0 0 JAY MYRES CONTROLLER 40.00 0.00 X 126271 0 0 MELANIE SIRISOMA CHIEF OF STAFF 40.00 0.00 X 113965 0 0 MARIA SEFERIAN CHAIR 1.00 0.00 X X 0 0 0 CAROLYN POWERS PRESIDENT 1.00 0.00 X X 0 0 0 EUGENIO LOPEZ VICE CHAIR 1.00 0.00 X X 0 0 0 HEATHER PODESTA SECRETARY 1.00 0.00 X X 0 0 0 WALLIS ANNENBERG TRUSTEE 1.00 0.00 X 0 0 0 CAROL APPEL TRUSTEE 1.00 0.00 X 0 0 0 JOHN BALDESSARI TRUSTEE 1.00 0.00 X 0 0 0 MARK BRADFORD TRUSTEE 1.00 0.00 X 0 0 0 YAEL COHEN BRAUN TRUSTEE 1.00 0.00 X 0 0 0 GABRIEL BRENER TRUSTEE 1.00 0.00 X 0 0 0 ADRIAN CHENG TRUSTEE 1.00 0.00 X 0 0 0 STEVEN A COHEN TRUSTEE 1.00 0.00 X 0 0 0 KATHI B CYPRES TRUSTEE 1.00 0.00 X 0 0 0 CLIFFORD J EINSTEIN TRUSTEE 1.00 0.00 X 0 0 0 ARIEL EMANUEL TRUSTEE 1.00 0.00 X 0 0 0 MARINA KELLEN FRENCH TRUSTEE 1.00 0.00 X 0 0 0 THE HONORABLE ERIC GARCETTI TRUSTEE 1.00 0.00 X 0 0 0 SUSAN GERSH TRUSTEE 1.00 0.00 X 0 0 0 SHARI GLAZER TRUSTEE 1.00 0.00 X 0 0 0 LAURENCE GRAFF TRUSTEE 1.00 0.00 X 0 0 0 MARK GROTJAHN TRUSTEE 1.00 0.00 X 0 0 0 BARBARA KRUGER TRUSTEE 1.00 0.00 X 0 0 0 WONMI KWON TRUSTEE 1.00 0.00 X 0 0 0 MAURICE MARCIANO TRUSTEE 1.00 0.00 X 0 0 0 MARY KLAUS MARTIN TRUSTEE 1.00 0.00 X 0 0 0 SIMON MORDANT TRUSTEE 1.00 0.00 X 0 0 0 PETER MORTON TRUSTEE 1.00 0.00 X 0 0 0 CATHERINE OPIE TRUSTEE 1.00 0.00 X 0 0 0 SEAN PARKER TRUSTEE 1.00 0.00 X 0 0 0 DALLAS PRICE-VAN BREDA TRUSTEE 1.00 0.00 X 0 0 0 CHARA SCHREYER TRUSTEE 1.00 0.00 X 0 0 0 TERRI SMOOKE TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY SOROS TRUSTEE 1.00 0.00 X 0 0 0 JULIA STOSCHEK TRUSTEE 1.00 0.00 X 0 0 0 SUTTON STRACKE TRUSTEE 1.00 0.00 X 0 0 0 JON STRYKER TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER WALKER TRUSTEE 1.00 0.00 X 0 0 0 COUNCIL PRESIDENT HERB WESSON TRUSTEE 1.00 0.00 X 0 0 0 ORNA AMIR WOLENS TRUSTEE 1.00 0.00 X 0 0 0 KARYN KOHL TRUSTEE 1.00 0.00 X 0 0 0 COUNCIL PRESIDENT NURY MARTINEZ TRUSTEE 1.00 0.00 X 0 0 0 CARLO TRAGLIO TRUSTEE 1.00 0.00 X 0 0 0 2461602 0 68132 14 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICES 1393766 ALLIED UNIVERSAL JANITORIAL SERVICES 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 JANITORIAL SERVICES 486586 US ART COMPANY INC 921 W WALNUT STREET COMPTON CA 90220 SHIPMENT AND FREIGHT 454747 ANCHOR STREET COLLECTIVE 2831 ANCHOR AVENUE LOS ANGELES CA 90064 EVENTS AND INSTALLATIONS 451252 CAMBRIDGE INVESTMENTS 125 HIGH STREET BOSTON MA 02110 INVESTMENT MANAGEMENT 300000 23 338909 462993 70500 17411506 3861949 18283908 ADMISSIONS 900099 590672 590672 TRAVELING EXHIBITION FEES 900099 125000 125000 LOAN FEES 900099 9510 9510 REPRODUCTION FEES 900099 7331 7331 WORKSHOP FEES 900099 3680 3680 736193 1726892 1726892 17121 17121 128929 0 128929 128929 128929 23750873 24732273 -981400 -981400 -981400 41170 462993 157449 -116279 -116279 886886 655705 231181 231181 OTHER INCOME 900099 113584 113584 CAFE INCOME 722210 64799 64799 178383 20204928 967374 0 953646 1680215 211379 1412703 56133 5747117 4321613 789192 636312 808378 432793 312110 63475 526080 349275 127031 49774 238230 35408 168848 33974 85525 85525 239482 239482 687712 311219 360693 15800 274384 272298 688 1398 560444 268231 167535 124678 118932 38594 50303 30035 1404159 1342860 56697 4602 517924 346264 96188 75472 5369 4208 22 1139 51839 51839 372382 372382 521749 222 521527 EXHIBITION EXPENSE 2122400 2086937 2700 32763 SECURITY 1335167 1329413 1334 4420 EXHIBITION SHIPPING 332129 332129 0 0 EQUIP, PURCH, REP, MAIN 143662 126636 1646 15380 171250 46571 28476 96203 17944529 12228432 4474539 1241558 5014270 8261319 4542201 10845237 16266859 13966434 171205 24527 3709681 3774791 218174 129003 34418694 30608654 3715322 3810040 20474916 15642151 115240532 115755382 19380 19380 344698 1095974 169717238 173324238 1455359 1414570 29621 52426 1312595 1164169 0 1574761 2797575 4205926 X 14631870 15305235 152287793 153813077 166919663 169118312 169717238 173324238 X 2260399 810697 -872447 X 0 1 X 1 0 X 18564552 16591542 10406345 21728928 18283908 85575275 18564552 16591542 10406345 21728928 18283908 85575275 23102680 62472595 1261588 779299 855065 1397606 1872942 6166500 90466 90466 63757 142675 142063 139784 178383 666662 92498903 22551332 0.67540 0.82480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 256600 X X X X 1 135616340 266658 1328530 6029913 131181615 136236673 27089 4917578 5565000 135616340 131541191 430146 8865336 4600000 136236673 119229156 1783532 14128141 3599638 131541191 120636754 1875860 -3283458 119229156 0.00000 0.93640 0.06360 0 0 100000 100000 23826863 23501190 325673 9511578 6566984 2944594 980253 540480 439773 3810040 COMMINGLED FUNDS 64588840 F ALTERNATIVE INVESTMENTS 37400340 F PRIVATE INVESTMENTS 13766202 F 115755382 X 20997868 810697 221725 1032422 19965446 239482 239482 20204928 16610875 -1094172 -1094172 17705047 239482 239482 17944529 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, ART OBJECTS PURCHASED BY OR DONATED TO THE MUSEUM ARE NOT CAPITALIZED IN THE STATEMENT OF FINANCIAL POSITION. THE MUSEUM'S ART COLLECTION IS MADE UP OF ART OBJECTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER PROGRAM ACTIVITIES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF THE NET ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. DEACCESSION PROCEEDS ARE REQUIRED BY MUSEUM POLICY TO BE APPLIED TO THE ACQUISITION OF WORKS OF ART FOR THE PERMANENT COLLECTION. THE MUSEUM PURCHASED COLLECTION ITEMS IN THE AMOUNT OF $1,094,172 DURING THE YEAR ENDED JUNE 30, 2020. THE MUSEUM DID NOT DEACCESSION ANY COLLECTION ITEMS DURING THE YEAR ENDED JUNE 30, 2020. PART III, LINE 4: MOCA HAS ONE OF THE FINEST PERMANENT COLLECTIONS OF CONTEMPORARY ART IN THE WORLD, COMPRISING JUST OVER 7,000 WORKS IN ALL MEDIA FROM 1940 TO THE PRESENT BY ESTABLISHED, AS WELL AS EMERGING, ARTISTS. DURING THE YEAR ENDED JUNE 30, 2020, EXHIBITIONS FROM THE PERMANENT COLLECTION WERE COMPLEMENTED WITH THE MAJOR EXHIBITION "ONE DAY AT A TIME: MANNY FARBER AND TERMITE ART AND EXHIBITIONS OF ZOE LEONARD, LAURA OWENS, LAUREN HALSEY, NJIDEKA AKUNYILI CROSBY, ELLIOTT HUNDLEY AND KAHLIL JOSEPH. PART V, LINE 4: THE OVERALL FINANCIAL OBJECTIVES OF THE ENDOWMENT ARE (1) TO SUPPORT THE CURRENT AND FUTURE OPERATIONS OF THE MUSEUM WITH A TARGETED 5% ANNUAL PAYOUT AND (2) TO PRESERVE AND ENHANCE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER OF THE ENDOWMENT WITH TARGETED REAL PORTFOLIO GROWTH OF AT LEAST 2% ON AN AVERAGE ANNUALIZED BASIS OVER THE LONG TERM. PART X, LINE 2: MOCA RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED JUNE 30, 2020, MOCA PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PROVISION FOR UNCOLLECTIBLE PLEDGES RECEIVABLE 221,725. PART XII, LINE 2D - OTHER ADJUSTMENTS: COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -1,094,172. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS (SEE PART V) 76384450 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 121592 0 0 0 0 0 0 76506042 0 76506042 1 0 1 0 1 0 PART III ACCOUNTING METHOD: FORM 990, PART I, LINE 3: AMOUNTS REPORTED ARE FOR INVESTMENT FUNDS DOMICILED IN CENTRAL AMERICA AND CARIBBEAN. SUPPORT COUNCIL LUNCHEON 381682 351582 30100 22569 47514 4930 31716 TRAVEL ABROAD 84560 73490 11070 42772 1 37921 37921 1043 2020 4885 504163 462993 41170 23612 49534 4930 79373 157449 -116279 X 1 0 X X X X X X 0 0 0 0 0 0 0 0 0 KLAUS BIESENBACH DIRECTOR 718673 0 148548 0 128208 0 0 0 37550 0 1032979 0 0 0 KATE MOTONAGA CFO/COO 217780 0 0 0 0 0 0 0 3207 0 220987 0 0 0 SARAH STIFLER DIR OF COMMUNICATION 202470 0 0 0 0 0 0 0 8939 0 211409 0 0 0 PAUL BESSIRE DIR OF DEVELOPMENT 199933 0 0 0 0 0 0 0 506 0 200439 0 0 0 PHILIPPE VERGNE DIRECTOR (UNTIL MARCH 2019) 157257 0 0 0 26154 0 0 0 0 0 183411 0 0 0 JILL DAVIS DIR OF EXHIBITION MGMT 156197 0 0 0 0 0 0 0 17930 0 174127 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE WAS PROVIDED TO THE TWO DIRECTORS OF THE ORGANIZATION. THE BENEFIT WAS REPORTED AS TAXABLE COMPENSATION. SCHEDULE J, PART II THE MUSEUM WAS REQUIRED TO PAY BIENSENBACH A ONE-TIME, EXTRAORDINARY PAYMENT OF $148,548 TO COMPENSATE HIM FOR LOST WAGES FROM HIS PRIOR EMPLOYER WHEN HIRED IN 2018. THE ACTUAL PAYMENT OF THIS AMOUNT WAS MADE IN CALENDAR YEAR 2019. IN ADDITION, BIESENBACH, RECEIVED A ONE-TIME MOVING ALLOWANCE OF $20,000, WHICH WAS PAID IN CALENDAR YEAR 2019. BIESENBACH WAS NOT AWARDED A BONUS PAYMENT IN CALENDAR YEAR 2019. MOCA WORKED WITH A SEARCH FIRM TO DETERMINE THE REASONABLENESS OF THE COMPENSATION PAID. THE COMPENSATION WAS APPROVED BY THE FULL BOARD INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. THIRD POINT LLC FORMER TRUSTEE, DANIEL S. LOEB IS THE FOUNDER AND CEO OF THIRD POINT LLC. 200682 MOCA PAID INVESTMENT MANAGEMENT FEES TO THIRD POINT LLC FOR MANAGING TWO ALTERNATIVE INVESTMENTS. THIS TRANSACTION WAS APPROVED BY THE BOARD AND ALL INTERESTED PARTIES WERE RECUSED FROM THE DECISION. 0 X 31 NA X 8 3861949 FMV 0 1 1 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF DONORS. PART I, LINE 32B: STOCK BROKER IS CONTRACTED TO LIQUIDATE STOCK. PART I, LINE 33: THE MUSEUM'S ART COLLECTION HAS BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTION, WHICH CONFORMS TO THE PREDOMINANT PRACTICE FOLLOWED IN THE INDUSTRY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS DECREASES IN TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE NET ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS CONTRIBUTED COLLECTION. ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. FORM 990, ITEM B, AMENDED RETURN: EXPLANATION OF CHANGES ON AMENDED RETURN A FORM W-2C CORRECTED WAGE AND TAX STATEMENT WAS FILED AFTER THE EXTENDED FILING DUE DATE OF MAY 17, 2021, AND, THEREFORE, THE FORM 990 AND CORRESPONDING SCHEDULES HAVE BEEN AMENDED TO REFLECT THE UPDATED AMOUNTS. AMENDED 2019 FORM 990: PART VII, SECTION A, LINE 1, COLUMN (D): AMOUNT UPDATED TO REFLECT CORRECTED WAGES SCHEDULE J, PART II, LINE 1, COLUMNS (B)(I) & (B)(III): AMOUNTS UPDATED TO REFLECT CORRECTED WAGES FORM 990, PART V, LINE 15 THE MUSEUM WAS REQUIRED TO PAY BIENSENBACH A ONE-TIME, EXTRAORDINARY PAYMENT OF $148,548 TO COMPENSATE HIM FOR LOST WAGES FROM HIS PRIOR EMPLOYER WHEN HIRED IN 2018. THE ACTUAL PAYMENT OF THIS AMOUNT WAS MADE IN CALENDAR YEAR 2019. IN ADDITION, BIESENBACH, RECEIVED A ONE-TIME MOVING ALLOWANCE OF $20,000, WHICH WAS PAID IN CALENDAR YEAR 2019. BIESENBACH WAS NOT PAID A BONUS PAYMENT IN CALENDAR YEAR 2019. MOCA WORKED WITH A SEARCH FIRM TO DETERMINE THE REASONABLENESS OF THE COMPENSATION PAID. THE COMPENSATION WAS APPROVED BY THE FULL BOARD INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIRPERSON(S) OF THE BOARD, THE PRESIDENT OF THE BOARD, THE VICE CHAIRPERSON OF THE BOARD, THE CHAIRPERSON OF THE FINANCE COMMITTEE, THE SECRETARY AND SUCH OTHER TRUSTEES AS MAY BE NOMINATED AND ELECTED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL, SUBJECT TO THE LIMITATIONS SET FORTH IN SECTION 16 OF THE BYLAWS, EXERCISE ALL THE POWER AND AUTHORITY OF THE BOARD WHEN ACTING DURING INTERVALS BETWEEN BOARD MEETINGS. THE VOTE OF A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE REQUIRED TO TAKE ANY ACTION OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE DEPUTY DIRECTOR AND CFO. ONCE APPROVED BY THE DEPUTY DIRECTOR, THE FORM IS DISTRIBUTED FIRST TO THE AUDIT COMMITTEE OF THE BOARD, THEN TO THE REST OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE ADDRESSED IN THE MUSEUM'S STATEMENT OF ETHICAL PRINCIPLES. EACH SERVING TRUSTEE, OFFICER AND MEMBER OF SENIOR STAFF IS REQUIRED TO REVIEW ANNUALLY THE RULES AND PROCEDURES OF THE ETHICS COMMITTEE AND THE STATEMENT OF ETHICAL PRINCIPLES, AND THEN SUBMIT A COMPLETED MEMORANDUM OF DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 WHEN A CEO/EXECUTIVE DIRECTOR IS HIRED, A SEARCH COMMITTEE OF THE BOARD IS ESTABLISHED. AS PART OF THIS PROCESS, A COMPENSATION STUDY IS PERFORMED TO DETERMINE THE POSSIBLE COMPENSATION RANGE FOR CANDIDATES INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. THIS COMPENSATION STUDY IS COMPLETED WITH INPUT FROM MANY SOURCES, INCLUDING OTHER INSTITUTIONS' FORM 990. A WRITTEN EMPLOYMENT CONTRACT IS PREPARED FOR THE PROPOSED NEW HIRE; THE FULL BOARD MUST VOTE ON THE CANDIDATE PRIOR TO THE FINALIZATION OF THE HIRING PROCESS. FORM 990, PART VI, SECTION B, LINE 15B: WHEN HIRING OTHER OFFICERS OR KEY EMPLOYEES, A COMPENSATION SURVEY TO COMPARABLE POSITIONS OR A STUDY IS PERFORMED TO DETERMINE THE POSSIBLE COMPENSATION RANGE FOR CANDIDATES. THIS COMPENSATION STUDY IS COMPLETED WITH INPUT FROM MANY SOURCES, INCLUDING OTHER INSTITUTIONS' FORM 990. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PROVISION FOR UNCOLLECTIBLE PLEDGES RECEIVABLE 221,725. COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -1,094,172. MOCA TV LLC 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 900776531 ENTERTAINMENT CA 0 0 MUSEUM OF CONTEMPORARY ART