2012-05-15T15:38:19-05:00 2011-06-30 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2010-07-01 953433820 MUSEUM OF CONTEMPORARY ART MUSE 2136212766 250 S GRAND AVE LOS ANGELES CA 90012 MICHAEL HARRISON 2136212766 2012-05-14 1 LIOR TEMKIN 3104773924 2012-05-08 2010 2016-02-24 21:20:13Z MOCA MICHAEL HARRISON 250 S GRAND AVENUE LOS ANGELES CA 90012 34997627 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. 43 40 218 110 -9994 -9994 18646717 14587926 1249089 1704574 341798 617929 1027846 912328 21265450 17822757 0 0 0 0 6740333 6922336 0 0 1462147 9140073 10584352 15880406 17506688 5385044 316069 40152169 40250914 2118738 2007559 38033431 38243355 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 5306894 2507088 CURATORIAL AND EXHIBITION PROGRAMS: IN FISCAL YEAR 2011, MAJOR EXHIBITIONS OF WORKS FROM THE PERMANENT COLLECTION COMPRISED MOST OF THE MUSEUM'S EXHIBITION SCHEDULE, COMPLEMENTING THE MAJOR THEMATIC EXHIBITIONS "ART IN THE STREETS" AND "SUPRASENSORIAL". MONOGRAPHIC EXHBITIONS FEATURED ARTISTS WILLIAM LEAVITT, ARSHILE GORKY, RYAN TRECARTIN, IANNIS XENAKIS, AND KATE AND LAURA MULLEAVY'S "RODARTE". 5021060 0 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. 1235957 13285 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", "FOR FAMILIES", "FIRST VISIT AND BEYOND", AND FILM SERIES' AND SPECIAL EVENTS ARE ALL ADAPTED TO SUPPORT EACH CURRENT EXHIBITION. IN FISCAL 2011, OVER 36,770 PARTICIPANTS ENJOYED MOCA'S EDUCATION PROGRAMS. 837375 0 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. 837375 12401286 1 1 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 148 0 1 218 1 1 1 0 0 0 0 1 1 0 0 0 0 X 43 40 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 MARIA ARENA BELL 1.00 X X 0 0 0 DAVID G JOHNSON 1.00 X X 0 0 0 FRED SANDS 1.00 X X 0 0 0 JEFFREY SOROS 1.00 X X 0 0 0 JOHN BALDESSARI 1.00 X 0 0 0 PETER M BRANT 1.00 X 0 0 0 CHARLES S COHEN 1.00 X 0 0 0 CHARLES L CONLAN II 1.00 X 0 0 0 GARY CYPRES 1.00 X 0 0 0 KATHI CYPRES 1.00 X 0 0 0 CLIFFORD J EINSTEIN 1.00 X 0 0 0 GIL FRIESEN 1.00 X 0 0 0 ERIC GARCETTI 1.00 X 0 0 0 RICHARD J GRAD 1.00 X 0 0 0 LAURENCE GRAFF 1.00 X 0 0 0 SUSAN GERSH 1.00 X 0 0 0 NANCY JANE GOLDSTON 1.00 X 0 0 0 LILLY TARTIKOFF KARATZ 1.00 X 0 0 0 LAREN KING 1.00 X 0 0 0 BARBARA KRUGER 1.00 X 0 0 0 WONMI KWON 1.00 X 0 0 0 TIMOTHY LEIWEKE 1.00 X 0 0 0 DANIEL S LOEB 1.00 X 0 0 0 EUGENIO LOPEZ 1.00 X 0 0 0 LILLIAN P LOVELACE 1.00 X 0 0 0 NANCY MARKS 1.00 X 0 0 0 EDWARD MINSKOFF 1.00 X 0 0 0 STEVEN T MNUCHIN 1.00 X 0 0 0 PETER MORTON 1.00 X 0 0 0 JANE NATHANSON 1.00 X 0 0 0 CATHERINE OPIE 1.00 X 0 0 0 VICTOR PINCHUK 1.00 X 0 0 0 CAROLYN CLARK POWERS 1.00 X 0 0 0 DALLAS PRICE-VAN BREDA 1.00 X 0 0 0 STEVEN F ROTH 1.00 X 0 0 0 ED RUSCHA 1.00 X 0 0 0 DARREN STAR 1.00 X 0 0 0 DONALD TANG 1.00 X 0 0 0 JAMIE TISCH 1.00 X 0 0 0 ANTONIO VILLARAIGOSA 1.00 X 0 0 0 DR CHARLES E YOUNG 40.00 X X 217789 0 0 RICHARD WEIL 40.00 X 214453 0 202 JEFFREY DEITCH 40.00 X X 648281 0 1340 DAVID M GALLIGAN 40.00 X X 0 0 0 ARI WISEMAN 40.00 X 33081 0 1751 PAUL SCHIMMEL 40.00 X 235414 0 24266 JENNIFER ARCENEAUX 40.00 X 110707 0 5793 SUZANNE ISKEN 40.00 X 116897 0 991 LAURIE MCGAHEY 40.00 X 110063 0 4756 JAY MYRES 40.00 X 119327 0 534 LYN WINTER 40.00 X 124717 0 2860 JEREMY STRICK 40.00 X 142175 0 0 2072904 0 42493 10 1 1 0 ALONG CAME MARY 5265 W PICO BLVD LOS ANGELES CA 90024 CATERING 249231 1 1006431 1584866 142400 11854229 302195 14587926 ADMISSIONS 900099 1148411 1148411 EXHIBITION FEES 900099 525000 525000 REPRODUCTION FEES 900099 17478 17478 EDUCATIONAL WORKSHOP F 900099 13285 13285 LOAN FEES 900099 400 400 1704574 607789 607789 15500 15500 55981 55981 55981 55981 14362095 14351955 10140 10140 10140 2092006 1584866 2092006 0 1536714 730909 805805 815799 -9994 CAFE INCOME 722210 23526 23526 MISCELLANEOUS INCOME 900099 11516 11516 35042 17822757 2520373 -9994 724452 1759045 246891 1512154 4212141 3156050 643184 412907 556845 375702 136895 44248 394305 242289 117666 34350 25047 10365 14682 66294 66294 1067066 617103 206108 243855 128898 124450 4448 112163 85797 14823 11543 95973 23053 54292 18628 1550019 1549397 622 373057 286121 16545 70391 833 193 400 240 12919 12919 841981 841981 288816 5629 283187 SECURITY 2020024 1966476 5177 48371 EXHIBITION EXPENSES 963848 963237 611 0 EXHIBITION SHIPPING 870125 742672 25852 101601 TRANSPORTATION 401239 330695 45294 25250 EQUIPMENT 368485 291882 25153 51450 1397565 541303 457571 398691 17506688 12401286 3643255 1462147 4154129 6478804 1250104 833145 7154155 4729249 496444 459932 988847 1016291 42046 33374 30151284 24395724 6597541 5755560 19116315 20925179 352588 19380 40152169 40250914 1930055 1726912 34990 171627 153693 109020 2118738 2007559 X -8873183 -7780825 9312790 7787629 37593824 38236551 38033431 38243355 40152169 40250914 X 316069 -106145 X 0 1 1 X 0 X 16451215 10976228 29479758 18646717 13682148 89236066 16451215 10976228 29479758 18646717 13682148 89236066 15546385 73689681 3201453 402676 114476 364858 607789 4691252 -818 -2586 -8589 -7252 -9994 -29239 130431 231954 110138 100406 112906 685835 94583914 10195758 0.77910 0.75480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: 2006 OTHER INCOME - $44,730 2006 RENTAL INCOME - $85,701 2007 OTHER INCOME - $231,954 2008 OTHER INCOME - $110,138 2009 OTHER INCOME - $100,406 2010 OTHER INCOME - $112,906 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 256500 X X X X 1 18591456 497066 769190 19857712 14237670 4000000 353786 18591456 14238545 2858335 -2730551 -128659 14237670 0.00000 1.00000 0.00000 0 0 23826863 19317717 4509146 6110222 4926155 1184067 195032 132685 62347 19167 19167 0 5755560 17822757 17506688 316069 425134 -531279 -106145 209924 18181642 425134 -66249 358885 17822757 0 17822757 17506688 0 17506688 0 17506688 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 6,000 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: AT JUNE 30, 2009, THE MUSEUM'S ENDOWMENT SUMMARIZED BY PURPOSE CONSISTS OF THE FOLLOWING: GENERAL ENDOWMENT 12,538,031 EDUCATION 2,648,527 EXHIBITIONS 4,018,086 ACQUISITIONS 653,068 TOTAL 19,857,712 AS OF JUNE 30, 2011, THE TOTAL OF THE MUSEUM'S PERMANENTLY RESTRICTED FUNDS WAS $38,236,551. THERE WAS $19,857,711 IN THE MUSEUM'S DESIGNATED ENDOWMENT PORTFOLIO (WHICH CONSISTS OF INVESTMENTS AND OTHER ASSETS), A DEFICIENCY OF $18,378,840. THE DEFICIENCY RESULTED FROM WITHDRAWALS FROM THE ENDOWMENT IN PRIOR YEARS. AS NOTED BELOW, THE BOARD OF TRUSTEES HAS DEVELOPED A PLAN TO REPAY THE DEFICIENCY. ECONOMIC CONDITIONS IN RECENT YEARS HAVE CREATED MANY CHALLENGES FOR CULTURAL INSTITUTIONS, AND MOCA HAS HAD DIFFICULTY MEETING OPERATING NEEDS. IN THE PAST, LOSSES HAVE DEPLETED WORKING CAPITAL, AND HAVE PUT MOCA IN A POSITION WHERE PERMANENTLY RESTRICTED ASSETS HAVE BEEN USED FOR WORKING CAPITAL. THERE ARE INSUFFICIENT NET ASSETS TO SUPPORT PERMANENTLY RESTRICTED NET ASSETS. THIS DEFICIENCY AT JUNE 30, 2011 AND 2010 AMOUNTED TO $18,378,840 AND $19,002,368, RESPECTIVELY. IN OCTOBER, 2010, THE ATTORNEY GENERAL CONCLUDED ITS INVESTIGATION OF THE MATTER WITH NO ADVERSE CONSEQUENCES TO MOCA. IN DECEMBER, 2008, THE BOARD OF TRUSTEES REACHED AN AGREEMENT WITH THE ELI AND EDYTHE BROAD FOUNDATION TO BEGIN REPAYING THE DEFICIENCY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EFFECTIVE JULY 1, 2009, THE MUSEUM ADOPTED FASB ASC TOPIC NO. 740, "UNCERTAINTY IN INCOME TAXES" ("ASC 740"). 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. TO DATE, THE MUSEUM HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE MUSEUM RECOGNIZES POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. DURING THE YEAR ENDED JUNE 30, 2011, 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, 2007 WITH REGARD TO ALL TAX POSITIONS AND THE RESULTS REPORTED. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN SPLIT VALUE -66,249. COLLECTION ITEMS NOT CAPITALIZED -465,030. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE SPLIT-INTEREST AGREEMENT -66,249. GALA 3112627 1450726 1661901 1661901 ART AUCTION 300400 74354 226046 226046 5 263845 59786 204059 204059 3676872 1584866 2092006 2092006 2092006 0 X X X X X X 0 0 0 0 0 0 0 0 0 DR CHARLES E YOUNG 217789 0 0 0 0 0 0 0 0 0 217789 0 0 0 RICHARD WEIL 214453 0 0 0 0 0 0 0 202 0 214655 0 0 0 JEFFREY DEITCH 648281 0 0 0 0 0 0 0 1340 0 649621 0 0 0 PAUL SCHIMMEL 235414 0 0 0 0 0 22000 0 2266 0 259680 0 0 0 JEREMY STRICK 142175 0 0 0 0 0 0 0 0 0 142175 0 0 0 CHARLES S COHEN TRUSTEE 525000 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 50 0 N/A X 9 302195 MARKET VALUE 0 1 1 THIRD PARTY USE: 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. NON REPORTING OF REVENUE: 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 A, LINE 2 TRUSTEE SUSAN GERSH IS THE DAUGHTER-IN-LAW OF LIFE TRUSTEE BEA GERSH. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS REVIEWED BY THE CFO. ONCE APPROVED BY THE CFO, THE FORM WAS THEN DISTRIBUTED TO THE REST OF THE BOARD PRIOR TO BEING ELECTRONICALLY FILED. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 425,134. CHANGE IN SPLIT VALUE -66,249. COLLECTION ITEMS NOT CAPITALIZED -465,030. TOTAL TO FORM 990, PART XI, LINE 5: -106,145. JEREMY STRICK'S COMPENSATION SCEDULE J, PART II EXECUTIVE DIRECTOR JEREMY STRICK LEFT IN JANUARY, 2009. THE MUSEUM CONTINUED TO PAY OUT THE EXISTING EMPLOYNENT CONTRACT WITH MR. STRICK THROUGH JUNE 2010.