2015-05-15T12:56:50-05:00 2014-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2013-07-01 953433820 MUSEUM OF CONTEMPORARY ART MUSE 2136212766 250 S GRAND AVE LOS ANGELES CA 90012 MICHAEL HARRISON CFO/COO 2136212766 2015-05-14 1 LIOR TEMKIN P00748170 3104773924 2015-05-13 2013 2016-04-25 22:37:26Z MOCA MICHAEL HARRISON 250 S GRAND AVENUE LOS ANGELES CA 90012 146764859 0 X WWW.MOCA.ORG X 1979 CA 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. 42 40 182 85 -3072 -3072 15788868 88499043 1522916 1639482 1116852 715263 551545 665049 18980181 91518837 0 0 0 0 5559061 4959917 0 0 856296 11226406 9903946 16785467 14863863 2194714 76654974 40598132 120246239 1905361 1718809 38692771 118527430 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 5041133 1970001 CURATORIAL AND EXHIBITION PROGRAMS: IN FISCAL YEAR 2014, MAJOR EXHIBITIONS OF WORKS FROM THE PERMANENT COLLECTION WERE COMPLEMENTED WITH EXHIBITIONS OF URS FISCHER, JACOB HASHIMOTO, MIKE KELLEY, AND CINEMA VEZZOLI. THE MUSEUM PRESENTED "A NEW SCULPTURALISM: CONTEMPORARY ARCHITECTURE FROM SOUTHERN CALIFORNIA" AMONG OTHER THEMED EXHIBITONS. 4948888 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. 584790 17160 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", "LOUIS VUITTON YOUNG ARTS PROGRAM", AND FILM SERIES' AND SPECIAL EVENTS ARE ALL ADAPTED TO SUPPORT EACH CURRENT EXHIBITION. IN FISCAL 2014, OVER 17,100 PARTICIPANTS ENJOYED MOCA'S EDUCATION PROGRAMS. 764171 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. 764171 11338982 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 1 0 0 0 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 43 0 1 182 1 0 0 0 0 0 0 0 0 0 0 X 42 40 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X JAY MYRES 2136212766 250 SOUTH GRAND AVE LOS ANGELES CA 90012 EUGENIO LOPEZ VICE CHAIR 1.00 X X 0 0 0 LILLIAN P LOVELACE VICE CHAIR 1.00 X X 0 0 0 MAURICE MARCIANO CO-CHAIR 1.00 X X 0 0 0 FRED SANDS PRESIDENT 1.00 X X 0 0 0 MARIA SEFERIAN VICE CHAIR 1.00 X X 0 0 0 LILLY TARTIKOFF KARATZ CO-CHAIR 1.00 X X 0 0 0 WALLIS ANNENBERG TRUSTEE 1.00 X 0 0 0 MARIA ARENA BELL TRUSTEE 1.00 X 0 0 0 JOHN BALDESSARI TRUSTEE 1.00 X 0 0 0 PETER M BRANT TRUSTEE 1.00 X 0 0 0 CHARLES COHEN 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 NANCYJANE R GOLDSTON TRUSTEE 1.00 X 0 0 0 RICHARD GRAD 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 DAVID G JOHNSON 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 EDWARD J MINSKOFF TRUSTEE 1.00 X 0 0 0 STEVEN T MNUCHIN 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 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 JEFFREY SOROS TRUSTEE 1.00 X 0 0 0 DARREN STAR TRUSTEE 1.00 X 0 0 0 SUTTON STRACKE TRUSTEE 1.00 X 0 0 0 COUNCILMEMBER HERB WESSON TRUSTEE 1.00 X 0 0 0 ORNA AMIR WOLENS TRUSTEE 1.00 X 0 0 0 JEFFREY DEITCH UNTIL 83113 DIRECTOR 40.00 X X 432780 0 5549 MICHAEL HARRISON COO/CFO 40.00 X X 204056 0 8395 PHILIPPE VERGNE FROM 31014 DIRECTOR 40.00 X X 0 0 0 DONIELLE KAUFMAN UNTIL 72513 INTERIM SECRETARY 40.00 X 21375 0 4280 JAY MYRES CONTROLLER 40.00 X 105031 0 13805 JOHN TOBA PRODUCTION HEAD MOCATV 40.00 X 113396 0 18488 LYN WINTER UNTIL 6614 DIR OF COMMUNICATIONS 40.00 X 134048 0 8088 1010686 0 58605 6 0 1 0 THE CARPENTER 718 N GREENERRY AVE WEST COVINA CA 91790 EXHIBITION CONSTRUCTION 146620 1 672639 1310792 12500 86503112 15125809 88499043 EXHIBITION FEES 900099 923660 923660 ADMISSIONS 900099 670121 670121 EDUCATIONAL WORKSHOP FEES 900099 17160 17160 LOAN FEES 900099 12656 12656 REGISTRATION FEES 900099 11652 11652 4233 4233 1639482 1064472 1064472 24508 24508 171053 0 171053 171053 171053 52775524 53124733 -349209 -349209 -349209 1765608 1310792 1765608 0 700288 355681 344607 347679 -3072 MISCELLANEOUS INCOME 900099 95092 95092 CAFE INCOME 722210 29789 29789 124881 91518837 1987161 -3072 1035705 729262 26044 703218 3502918 2624048 571958 306912 437982 302932 80391 54659 289755 194690 72785 22280 5240 5240 83663 83663 112926 112926 886940 565821 260795 60324 175951 175794 157 123290 82131 33462 7697 1517155 1515441 459 1255 248203 119409 47865 80929 26876 24784 873 1219 46 46 873650 873650 422089 163676 258413 SECURITY 1567540 1552488 1333 13719 EXHIBITION SHIPPING 1402025 1313228 18668 70129 EXHIBITION EXPENSES 924231 923135 769 327 EQUIPMENT 489362 279297 183783 26282 1044759 602368 231827 210564 14863863 11338982 2668585 856296 7975716 9329032 550121 1376574 3815263 39549751 415881 374948 666414 666147 86721 50827 30431636 27146845 3905703 3284791 22612933 65594789 569380 19380 40598132 120246239 1267381 1391274 612908 315035 25072 12500 1905361 1718809 X -6411647 10379135 6840479 15466569 38263939 92681726 38692771 118527430 40598132 120246239 X 76654974 3642648 -462963 X 0 1 X 1 0 X 18646717 13682148 14654691 15788868 88499043 151271467 18646717 13682148 14654691 15788868 88499043 151271467 65982000 85289467 364858 607789 1401549 882439 1260033 4516668 100406 112906 202932 50745 124881 591870 156380005 7989505 0.54540 0.73770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: 2009 OTHER INCOME - 100406 2010 OTHER INCOME - 112906 2011 OTHER INCOME - 202932 2012 OTHER INCOME - 50745 2013 OTHER INCOME - 124881 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 256500 X X X X 1 21785726 70758826 4203458 1000000 95748012 20498542 9505 1277679 21785726 20406411 15900 76231 20498542 18791818 497066 1117527 20406411 14299975 4000000 491843 18791818 0.01000 0.96800 0.02200 0 0 23826863 21537530 2289333 6327500 5385074 942426 277273 224241 53032 3284791 X 95161485 3642648 3642648 91518837 0 91518837 14863863 0 14863863 0 14863863 PART III, LINE 1A: THE MUSEUM'S ART COLLECTION HAS BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION. 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. PART III, LINE 4: THE MUSEUM'S ART COLLECTION IS MADE UP OF MORE THAN 6,900 CONTEMPORARY 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. PART V, LINE 4: AT JUNE 30, 2014, THE MUSEUM'S ENDOWMENT SUMMARIZED BY PURPOSE CONSISTS OF THE FOLLOWING: GENERAL ENDOWMENT 84,149,258 EDUCATION 3,696,185 EXHIBITIONS 6,025,779 ACQUISITIONS 879,790 BOARD-DESIGNATED ENDOWMENT 1,000,000 TOTAL 95,748,012 THE MUSEUM LAUNCHED AND SUCCESSFULLY CLOSED AN ENDOWMENT CAMPAIGN IN 2013 TO INCREASE ITS ENDOWMENT TO OVER $100,000,000. BELOW REPRESENTS THE MUSEUM'S ENDOWMENT SUMMARIZED BY ASSETS ON A NON-GAAP BASIS CALCULATED AS OF JUNE 30,2014: TOTAL GAAP ENDOWMENT $95,748,012 PRESENT VALUE DISCOUNT 3,425,113 RESERVE FOR UNCOLLECTIBLE PLEDGES 1,062,581 NON-GAAP PLEDGES (A) 2,925,000 NON-CASH ASSETS (B) 850,000 TOTAL ENDOWMENT NON-GAAP BASIS $104,010,706 (A) NON-GAAP PLEDGES INCLUDE CONDITIONAL PLEDGES WHERE THE CONDITIONS ARE NOT MET AT JUNE 30, 2014 AND REVENUE IS NOT RECOGNIZABLE UNDER GAAP. (B) NON-CASH ASSETS INCLUDE WORKS OF ART SPECIFICALLY DONATED FOR THE MUSEUM TO SELL AND USE THE FUNDS FOR THE MUSEUM'S ENDOWMENT, BUT HAVE NOT BEEN CAPITALIZED UNDER GAAP OR SOLD AT JUNE 30, 2014. PART X, LINE 2: THE MUSEUM APPLIES THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC 740"). ASC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TO DATE, THE MUSEUM HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. IN ACCORDANCE WITH ASC 740, THE MUSEUM 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, 2014, THE MUSEUM DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THE MUSEUM'S INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION FOR ALL TAX YEARS ENDED ON OR AFTER JUNE 30, 2010 WITH REGARD TO ALL TAX POSITIONS AND THE RESULTS REPORTED. GALA 2764167 1167808 1596359 1596359 WOMEN IN THE ARTS LUNCHEON 248583 142775 105808 105808 1 63650 209 63441 63441 3076400 1310792 1765608 1765608 1765608 0 X X X X X X 1 0 0 0 0 0 0 0 0 JEFFREY DEITCH UNTIL 83113 DIRECTOR 426385 0 0 0 6395 0 0 0 5549 0 438329 0 0 0 MICHAEL HARRISON COO/CFO 203072 0 0 0 984 0 0 0 8395 0 212451 0 0 0 PART I, LINE 4A PER A CONFIDENTIALITY AGREEMENT SIGNED BY THE ORGANIZATION, SEVERANCE PACKAGES PAID TO EMPLOYEES DURING THE CURRENT YEAR ARE NOT OPEN FOR PUBLIC INSPECTION. CHARLES S COHEN TRUSTEE 675000 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 46 N/A X 7 15125809 MARKET VALUE 0 1 1 PART I, LINE 32B: AUCTION HOUSES/GALLERIES ARE CONTRACTED TO LIQUIDATE GIFTS OF ART NOT ACCESSIONED INTO THE PERMANENT COLLECTION OF THE MUSEUM AND A 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'S INCEPTION. 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 B, LINE 11 FORM 990 WAS REVIEWED BY THE CONTROLLER AND CFO. ONCE APPROVED BY THE CFO, THE FORM WAS 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. 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 C, LINE 18 THE ORGANIZATION MAKES ITS FORMS 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 CAN ALSO BE ACCESSED THROUGH WWW.GUIDESTAR.ORG, A PUBLIC WEBSITE. 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, NOT CAPITALIZED -462,963. FORM 990 THE MUSEUM LAUNCHED AND SUCCESSFULLY CLOSED AN ENDOWMENT CAMPAIGN IN 2013 TO INCREASE ITS ENDOWMENT TO OVER $100,000,000. BELOW REPRESENTS THE MUSEUM'S ENDOWMENT SUMMARIZED BY ASSETS ON A NON-GAAP BASIS CALCULATED AS OF JUNE 30,2014: TOTAL GAAP ENDOWMENT $95,748,012 PRESENT VALUE DISCOUNT 3,425,113 RESERVE FOR UNCOLLECTIBLE PLEDGES 1,062,581 NON-GAAP PLEDGES (A) 2,925,000 NON-CASH ASSETS (B) 850,000 TOTAL ENDOWMENT NON-GAAP BASIS $104,010,706 (A) NON-GAAP PLEDGES INCLUDE CONDITIONAL PLEDGES WHERE THE CONDITIONS ARE NOT MET AT JUNE 30, 2014 AND REVENUE IS NOT RECOGNIZABLE UNDER GAAP. (B) NON-CASH ASSETS INCLUDE WORKS OF ART SPECIFICALLY DONATED FOR THE MUSEUM TO SELL AND USE THE FUNDS FOR THE MUSEUM'S ENDOWMENT, BUT HAVE NOT BEEN CAPITALIZED UNDER GAAP OR SOLD AT JUNE 30, 2014. MOCA TV LLC 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 900776531 ENTERTAINMENT CA 11207 501204 MUSEUM OF CONTEMPORARY ART