2018-05-15T08:52:42-05:00 2017-06-30 951777440 Green Hasson & Janks LLP 10990 Wilshire Blvd 16th Floor Los Angeles CA 900243929 990 2016-07-01 953433820 The Museum of Contemporary Art Los Angeles MUSE 2136212766 250 S Grand Avenue Los Angeles CA 90012 Kate Motonaga CFO/COO 2136212766 2018-05-14 1 Lizbeth Nevarez P01399868 3108731600 2016 2022-09-23 18:48:47Z Kate Motonaga 250 S Grand Avenue Los Angeles CA 90012 37804718 0 X www.moca.org X 1979 CA to ORGANIZE EXHIBITIONS AND PROGRAMS TO ENHANCE PUBLIC KNOWLEDGE AND APPRECIATION OF THE ART. 48 45 271 58 0 -206155 18564552 16591542 1541888 2457547 -1104457 1058622 3036665 -38219 22038648 20069492 0 0 0 0 7279119 7882714 0 0 2009834 10852128 12121393 18131247 20004107 3907401 65385 144911699 159560524 1444421 2992713 143467278 156567811 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 6454637 3987014 CURATORIAL AND EXHIBITION PROGRAMS: DURING THE YEAR ENDED JUNE 30, 2017, MAJOR EXHIBITIONS FROM THE PERMANENT COLLECTION WERE COMPLEMENTED WITH EXHIBITIONS OF DOUG AITKEN, KERRY JAMES MARSHALL, CARL ANDRE, ARTHUR JAFA, PETER SHIRE, GAETANO PESCE, RICK OWENS, R.H. QUAYTMAN, MICKALENE THOMAS AND THE UNDERGROUND MUSEUM. 5495680 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. 654117 6669 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 EVENTS ARE ALL ADAPTED TO SUPPORT EACH CURRENT EXHIBITION. IN FISCAL 2017, OVER 16,500 PARTICIPANTS ENJOYED MOCA'S EDUCATION PROGRAMS. 1193458 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. 1193458 13797892 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 1 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 99 0 1 271 1 0 0 0 0 0 1 1 0 0 0 0 X 48 45 1 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 MAURICE MARCIANO CO-CHAIR 1.00 X X 0 0 0 LILLY TARTIKOFF KARATZ CO-CHAIR 1.00 X X 0 0 0 EUGENIO LOPEZ VICE CHAIR 1.00 X X 0 0 0 LILLIAN P LOVELACE VICE CHAIR 1.00 X X 0 0 0 MARIA SEFERIAN VICE CHAIR 1.00 X X 0 0 0 WALLIS ANNENBERG TRUSTEE 1.00 X 0 0 0 CAROL APPEL TRUSTEE 2.00 X 0 0 0 JOHN BALDESSARI TRUSTEE 1.00 X 0 0 0 MARK BRADFORD TRUSTEE 1.00 X 0 0 0 GABRIEL BRENER TRUSTEE 1.00 X 0 0 0 STEVEN A COHEN TRUSTEE 1.00 X 0 0 0 CHARLES L CONLAN II TRUSTEE 1.00 X 0 0 0 KATHI B CYPRES TRUSTEE 1.00 X 0 0 0 LAURENT DEGRYSE TRUSTEE 1.00 X 0 0 0 CLIFFORD J EINSTEIN TRUSTEE 1.00 X 0 0 0 ARIEL EMANUEL TRUSTEE 1.00 X 0 0 0 THE HONORABLE ERIC GARCETTI TRUSTEE 1.00 X 0 0 0 SUSAN GERSH TRUSTEE 1.00 X 0 0 0 AILEEN GETTY TRUSTEE 1.00 X 0 0 0 SHARI GLAZER TRUSTEE 1.00 X 0 0 0 LAURENCE GRAFF TRUSTEE 1.00 X 0 0 0 MARK GROTJHAN TRUSTEE 1.00 X 0 0 0 BRUCE KARATZ TRUSTEE 1.00 X 0 0 0 BARBARA KRUGER TRUSTEE 1.00 X 0 0 0 WONMI KWON TRUSTEE 1.00 X 0 0 0 DANIEL S LOEB TRUSTEE 1.00 X 0 0 0 MARY KLAUS MARTIN TRUSTEE 1.00 X 0 0 0 JAMIE MCCOURT TRUSTEE 1.00 X 0 0 0 EDWARD J MINSKOFF TRUSTEE 1.00 X 0 0 0 PETER MORTON TRUSTEE 1.00 X 0 0 0 CATHERINE OPIE TRUSTEE 1.00 X 0 0 0 VICTOR PINCHUK TRUSTEE 1.00 X 0 0 0 LARI PITTMAN TRUSTEE 1.00 X 0 0 0 HEATHER PODESTA TRUSTEE 1.00 X 0 0 0 CAROLYN POWERS TRUSTEE 1.00 X 0 0 0 DALLAS PRICE-VAN BREDA TRUSTEE 1.00 X 0 0 0 STEVEN F ROTH TRUSTEE 1.00 X 0 0 0 CARLA SANDS TRUSTEE 1.00 X 0 0 0 CHARA SCHREYER TRUSTEE 1.00 X 0 0 0 ADAM SENDER TRUSTEE 1.00 X 0 0 0 JEFFREY SOROS TRUSTEE 1.00 X 0 0 0 SUTTON STRACKE TRUSTEE 1.00 X 0 0 0 CATHY VEDOVI TRUSTEE 1.00 X 0 0 0 CHRISTOPHER WALKER TRUSTEE 1.00 X 0 0 0 COUNCIL PRESIDENT HERB WESSON TRUSTEE 1.00 X 0 0 0 ORNA AMIR WOLENS TRUSTEE 1.00 X 0 0 0 PHILIPPE VERGNE DIRECTOR 40.00 X X 833179 0 11661 MICHAEL HARRISON COO/CFO 40.00 X X 249009 0 8386 HELEN MOLESWORTH CHIEF CURATOR 40.00 X 254903 0 12308 COLLEEN CRISTE DIR OF DEVELOPMENT 40.00 X 236361 0 14482 SARAH STIFLER DIR OF COMMUNICATION 40.00 X 140604 0 7596 JILL DAVIS DIR OF EXHIBITION MGMT 40.00 X 125549 0 12356 JAY MYRES CONTROLLER 40.00 X 115815 0 14394 WOODBURN SCHOFIELD DIR OF OPERATIONS 40.00 X 110226 0 10547 BENNETT SIMPSON SENIOR CURATOR 40.00 X 107063 0 7395 2172709 0 99125 10 0 1 0 0 619046 3214249 81300 12676947 526718 16591542 Admissions 900099 1474294 1474294 Traveling Exhibition Fees 900099 967500 967500 Workshop Fees 900099 6668 6668 loan fees 900099 4976 4976 Reproduction Fees 900099 4109 4109 2457547 554298 554298 9501 9501 215500 0 215500 215500 215500 14678474 14174150 504324 504324 504324 200440 3214249 2142471 -1942031 -1942031 2954741 1418605 1536136 1536136 Other Income 900099 83950 83950 Cafe Income 722210 58725 58725 142675 20069492 3993683 0 -515733 1682837 289462 1122993 270382 5230974 3823322 748834 658818 61221 39365 18894 2962 460000 314615 86176 59209 447682 297786 90778 59118 16298 16298 75703 75703 419222 419222 1022743 597692 335742 89309 363828 335905 21283 6640 812411 404603 146578 261230 135060 29712 81966 23382 1669145 1563403 92574 13168 795544 591191 120708 83645 4808 1774 1142 1892 29582 29582 586255 586255 595152 7480 587672 Exhibition Shipping 2135677 2132244 3085 348 Security 1262650 1245344 17306 Equip, Purch, Rep, Main 882579 725304 54943 102332 Exhibition Expense 790210 758213 31997 524526 54222 110211 360093 20004107 13797892 4196381 2009834 2839079 5542696 9524868 7019885 26608589 20879625 442264 279664 2066571 2020899 21735 40281 33524012 29528824 2038454 3995188 21377925 24580796 79972834 95182110 19380 19380 144911699 159560524 1364282 1306716 80139 94343 0 1591654 1444421 2992713 X 8543303 14871687 14679961 19668578 120244014 122027546 143467278 156567811 144911699 159560524 X 65385 13637548 -602400 X 0 1 X 1 0 X 15788868 88499043 38401734 18564552 16591542 177845739 15788868 88499043 38401734 18564552 16591542 177845739 57571936 120273803 882439 1260033 1850552 1261588 779299 6033911 50745 124881 163954 68818 142675 551073 184430723 19612741 0.65210 0.63400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 256500 X X X X 1 0 119229156 1783532 14128141 3599638 131541191 120636754 1875860 -3283458 119229156 95748012 25686428 513668 1311354 120636754 21785726 70758826 4203458 1000000 95748012 20498542 9505 1277679 21785726 0.00000 0.92770 0.07230 0 0 100000 100000 23826863 23346970 479893 9090268 5859936 3230332 506881 321918 184963 3995188 Commingled Funds 64747799 F Alternative Investments 23413597 F Private Investments 7020714 F 95182110 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 $462,400 during the year ended June 30, 2017. 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, 2017, major exhibitions from the permanent collection were complemented with exhibitions of Doug Aitken, Kerry James Marshall, Carl Andre, Arthur Jafa, Peter Shire, Gaetano Pesce, Rick Owens, R.H. Quaytman, Mickalene Thomas, and The Underground Museum. 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. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 investments (See Part V) 68768887 0 0 0 0 0 0 68768887 0 68768887 1 0 1 0 0 0 Form 990, Part I, line 3: Amounts reported are for Investment funds domiciled in Central America and Caribbean. Gala 3032809 2957369 75440 285836 203426 1389225 art auction 125000 0 125000 0 4 256880 256880 263984 3414689 3214249 200440 285836 203426 1653209 2142471 -1942031 X X X X X X 0 0 0 0 0 0 0 0 0 PHILIPPE VERGNE DIRECTOR 719937 0 0 0 113242 0 0 0 11661 0 844840 0 0 0 MICHAEL HARRISON COO/CFO 246718 0 0 0 2291 0 0 0 8386 0 257395 0 0 0 HELEN MOLESWORTH CHIEF CURATOR 247669 0 0 0 7234 0 0 0 12308 0 267211 0 0 0 COLLEEN CRISTE DIR OF DEVELOPMENT 235585 0 0 0 776 0 0 0 14482 0 250843 0 0 0 Cohen Brothers Realty FORMER TRUSTee, CHARLES S. COHEN is the owner and manager of pdc. 737500 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 Third Point LLC TRustee, Daniel S. Loeb is the Founder and CEO of Third point LLc. 273300 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 46 n/a X 16 526718 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 A, line 2 Lilly Tartikoff Karatz and Bruce Karatz have a family relationship. 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, AN EXECUTIVE SEARCH FIRM IS RETAINED TO FIND/IDENTIFY SUITABLE CANDIDATES. 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 (AND CONTRACT) 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 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: Collection Items Purchased But Not Capitalized -462,400. Loss on Uncollectible Pledges -140,000. MOCA TV Llc 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 900776531 ENTERTAINMENt CA 2 254 MUSEUM OF CONTEMPORARY ART