2020-05-26T16:05:58-05:00 2019-06-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2018-07-01 953433820 THE MUSEUM OF CONTEMPORARY ART LOS ANGELES MUSE 2136212766 250 S GRAND AVENUE LOS ANGELES CA 90012 HILARY FAHLSING CFO 2136212766 2020-05-21 1 LIZBETH G NEVAREZ P01399868 3108731600 108.233.72.19 2020-05-21 16:52:16 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1E5C2E37194314C3A47C760AEAFDC059525B6175 2018 2020-09-22 18:59:49Z HILARY FAHLSING 250 S GRAND AVENUE LOS ANGELES CA 90012 56571712 0 X WWW.MOCA.ORG X 1979 CA TO ORGANIZE EXHIBITIONS AND PROGRAMS TO ENHANCE PUBLIC KNOWLEDGE AND APPRECIATION OF THE ART. 41 40 304 48 0 90807 10406345 21728928 2376881 1570666 2987629 2478863 1240756 121014 17011611 25899471 0 0 0 0 7990153 9597202 0 0 1861475 11196859 10571934 19187012 20169136 -2175401 5730335 162049796 169717238 3019953 2797575 159029843 166919663 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 5969211 1965356 CURATORIAL AND EXHIBITION PROGRAMS:DURING THE YEAR ENDED JUNE 30, 2019, 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. 5678328 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. 1399805 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. 653212 9770 EDUCATION PROGRAMS:MOCA IS COMMITTED TO PROVIDING THE EDUCATION NECESSARY FOR A BETTER UNDERSTANDING OF CONTEMPORARY ART. THE MUSEUM'S EDUCATIONAL PROGRAMS RANGE FROM ONE-TIME EVENTS AT THE MUSEUM TO ONGOING PROGRAMS TAKING PLACE ACROSS LOS ANGELES. PROGRAMS "ART TALKS", "CONTEMPORARY ART START", "MOCA TEEN PROGRAM", AND FILM SERIES AND SPECIAL PUBLIC PROGRAMS ARE ALL ADAPTED TO SUPPORT EACH CURRENT EXHIBITION. IN FISCAL 2019, OVER 17,800 PARTICIPANTS ENJOYED MOCA'S EDUCATION PROGRAMS. 653212 9770 13700556 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 130 0 1 304 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 41 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JAY MYRES 2136212766 250 SOUTH GRAND AVE LOS ANGELES CA 90012 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 LILLIAN P LOVELACE VICE CHAIR 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 GROTJHAN 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 HEATHER PODESTA 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 KLAUS BIESENBACH DIRECTOR 40.00 0.00 X X 127781 0 6928 PHILIPPE VERGNE DIRECTOR 40.00 0.00 X X 776463 0 8588 KATE MOTONAGA CFO/COO 40.00 0.00 X 202352 0 9543 PAUL BESSIRE DIR OF DEVELOPMENT 40.00 0.00 X 284433 0 13045 SARAH STIFLER DIR OF COMMUNICATION 40.00 0.00 X 189069 0 8719 HELEN MOLESWORTH LEFT 032018 CHIEF CURATOR 40.00 0.00 X 257575 0 0 JILL DAVIS DIR OF EXHIBITION MGMT 40.00 0.00 X 144670 0 7216 WOODBURN SCHOFIELD DIR OF OPERATIONS 40.00 0.00 X 123492 0 10202 JAY MYRES CONTROLLER 40.00 0.00 X 121960 0 15294 ANDREA URBAN DIR OF RETAIL OPERATIONS 40.00 0.00 X 115275 0 6712 BENNETT SIMPSON SENIOR CURATOR 40.00 0.00 X 114642 0 3862 2457712 0 90109 14 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 SECURITY 1295254 THE CARPENTER DRYWALL COMPANY 1037 W TERESA ST WEST COVINA CA 91790 CONSTRUCTION 419564 ALLIED UNIVERSAL JANITORIAL SERVICES PO BOX 31001-2374 PASADENA CA 91110 BUILDING CLEANING 401982 CAMBRIDGE ASSOCIATES LLC 101 CALIFORNIA STREET 3300 SAN FRANCISCO CA 94111 INVESTMENT FEES 300000 OLSON VISUAL INC 13000 WEBER WAY HAWTHORNE CA 90250 VISUAL GRAPHICS & MARKETING 280742 15 X 497767 2886839 174100 18170222 1219495 21728928 ADMISSIONS 900099 1174091 1174091 TRAVELING EXHIBITION FEES 900099 375000 375000 WORKSHOP FEES 900099 9770 9770 LOAN FEES 900099 6169 6169 REPRODUCTION FEES 900099 5636 5636 1570666 1245063 1245063 19814 19814 132729 0 132729 132729 132729 29661180 28427380 1233800 1233800 1233800 244792 2886839 820565 -575773 -575773 1828756 1424296 404460 404460 CAFE INCOME 722210 83561 83561 OTHER INCOME 900099 52613 52613 ARTWORK SALES 900099 3610 3610 139784 25899471 1975126 0 2195417 2198336 291960 1592640 313736 6135811 4504877 995113 635821 632 632 723625 493502 152424 77699 538798 344105 133753 60940 35950 31368 4582 75025 75025 418779 418779 774841 522997 209641 42203 263632 258298 1601 3733 655723 340757 125531 189435 138428 33161 66159 39108 1640973 1596354 38487 6132 707126 450444 103761 152921 11226 6518 3145 1563 57825 57825 349143 349143 544758 754 544004 EXHIBITION EXPENSE 2202124 2202124 SECURITY 1246766 1233450 128 13188 EXHIBITION SHIPPING 809566 800346 9220 EQUIP, PURCH, REP, MAIN 338801 225604 1271 111926 301248 46162 46598 208488 20169136 13700556 4607105 1861475 4031065 5014270 4109010 4542201 13416167 16266859 618628 171205 3893342 3709681 175309 218174 33951593 30236271 3876606 3715322 18708774 20474916 112818715 115240532 19380 19380 382800 344698 162049796 169717238 1403183 1455359 161735 29621 1455035 1312595 3019953 2797575 X 14424835 14631870 22147316 29803010 122457692 122484783 159029843 166919663 162049796 169717238 X 5730335 3116235 -956750 X 0 1 X 1 0 X 38401734 18564552 16591542 10406345 21728928 105693101 38401734 18564552 16591542 10406345 21728928 105693101 12833140 92859961 1850552 1261588 779299 855065 1397606 6144110 90466 0 90466 163954 63757 142675 142063 139784 652233 112579910 23238136 0.82480 0.64610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 256500 X X X X 1 136236673 27089 4917578 5565000 135616340 131541191 430146 8865336 4600000 136236673 119229156 1783532 14128141 3599638 131541191 120636754 1875860 -3283458 119229156 95748012 25686428 513668 1311354 120636754 0.00000 0.90320 0.09680 0 0 100000 100000 23826863 23450769 376094 9324360 6339124 2985236 700370 446378 253992 3715322 COMMINGLED FUNDS 61956097 F ALTERNATIVE INVESTMENTS 41084381 F PRIVATE INVESTMENTS 12200054 F 115240532 28228177 3116235 -368750 2747485 25480692 418779 418779 25899471 20338357 588000 588000 19750357 418779 418779 20169136 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 CONSOLIDATED 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 CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. 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 CONSOLIDATED 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 $588,000 DURING THE YEAR ENDED JUNE 30, 2019. 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, 2019, 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 XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES -368,750. PART XII, LINE 2D - OTHER ADJUSTMENTS: COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED 588,000. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS (SEE PART V) 80743853 NORTH AMERICA 0 0 INVESTMENTS 32 0 0 0 0 0 0 80743885 0 80743885 1 0 0 0 1 0 FORM 990, PART I, LINE 3: AMOUNTS REPORTED ARE FOR INVESTMENT FUNDS DOMICILED IN CENTRAL AMERICA AND CARIBBEAN. BENEFIT 3030512 2858553 171959 181610 16524 565311 SUPPORT COUNCIL LUNCHEON 35386 28286 7100 3 65733 0 65733 3206 53914 3131631 2886839 244792 184816 16524 619225 820565 -575773 X 1 0 X X X X X X 0 0 0 0 0 0 0 0 0 PHILIPPE VERGNE DIRECTOR 666500 0 0 0 109963 0 0 0 8588 0 785051 0 0 0 KATE MOTONAGA CFO/COO 201594 0 0 0 758 0 0 0 9543 0 211895 0 0 0 PAUL BESSIRE DIR OF DEVELOPMENT 275980 0 7381 0 1072 0 0 0 13045 0 297478 0 0 0 SARAH STIFLER DIR OF COMMUNICATION 188478 0 0 0 591 0 0 0 8719 0 197788 0 0 0 HELEN MOLESWORTH LEFT 032018 CHIEF CURATOR 255760 0 0 0 1815 0 0 0 0 0 257575 0 0 0 JILL DAVIS DIR OF EXHIBITION MGMT 143429 0 0 0 1241 0 0 0 7216 0 151886 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. THIRD POINT LLC FORMER TRUSTEE, DANIEL S. LOEB IS THE FOUNDER AND CEO OF THIRD POINT LLC. 481947 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 COHEN BROTHERS REALTY FORMER TRUSTEE, CHARLES S. COHEN IS THE OWNER AND MANAGER OF PDC. 375000 MOCA PROVIDES EXHIBITION PROGRAMMING AT THE GALLERY OF THE PACIFIC DESIGN CENTER (PDC). CHARLES S. COHEN IS THE PRESIDENT AND CEO OF COHEN BROTHERS REALTY CORPORATION, THE OWNERS AND MANAGERS OF PDC. 0 X 30 N/A X 7 1219495 FMV 0 1 1 PART I, COLUMN (B): NONCASH DONATIONS ARE LISTED BY TOTAL NUMBER OF DONORS. PART I, LINE 32B: AUCTION HOUSES/GALLERIES ARE CONTRACTED TO LIQUIDATE GIFTS OF ART NOT ACCESSIONED INTO THE PERMANENT COLLECTION OF THE MUSEUM AND 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, 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, 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 CONTROLLER AND CFO. ONCE APPROVED BY THE CFO, 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 VIII, LINE 2A MOCA RECORDED A PLEDGE OF $10 MILLION TO FUND FREE GENERAL ADMISSION TO THE MUSEUM. THE MUSEUM IMMEDIATELY BEGIN WORKING ON A ROLL-OUT PLAN TO IMPLEMENT THE GIFT AND LAUNCHED FREE ADMISSION SUBSEQUENT TO YEAR-END ON JANUARY 11, 2020. FORM 990, PART XI, LINE 9: COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -588,000. LOSS ON UNCOLLECTIBLE PLEDGES -368,750. MOCA TV LLC 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 900776531 ENTERTAINMENT CA 0 0 MUSEUM OF CONTEMPORARY ART