2026-04-08T13:34:09-05:00 2025-06-30 951777440 GREEN HASSON & JANKS LLP 700 S FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2024-07-01 953433820 THE MUSEUM OF CONTEMPORARY ART LOS ANGELES MUSE 2136212766 250 S GRAND AVENUE LOS ANGELES CA 90012 MICHAEL HARRISON DEPUTY DIR. & CFO 2136212766 2026-04-03 1 1 LIZBETH G NEVAREZ P01399868 3108731600 2026-04-03 2024 2025-03-06 01:10:19Z MICHAEL HARRISON 250 S GRAND AVENUE LOS ANGELES CA 90012 71679836 0 X WWW.MOCA.ORG X 1979 CA TO ORGANIZE EXHIBITIONS AND PROGRAMS TO ENHANCE PUBLIC KNOWLEDGE AND APPRECIATION OF THE ARTS. 34 33 243 39 0 47265 18029335 22168637 692835 1040114 5429514 6518801 -539785 -172639 23611899 29554913 0 0 0 0 11902882 12381868 0 0 1500440 13055074 14150169 24957956 26532037 -1346057 3022876 215337174 222192415 2159627 2497481 213177547 219694934 X THE MUSEUM OF CONTEMPORARY ART (THE MUSEUM) IS A CALIFORNIA NONPROFIT CORPORATION ESTABLISHED IN 1979 AS THE ONLY ARTIST-FOUNDED MUSEUM IN LOS ANGELES. THE MUSEUM IS DEDICATED TO COLLECTING AND EXHIBITING CONTEMPORARY ART AND HOUSES ONE OF THE MOST COMPELLING COLLECTIONS OF CONTEMPORARY ART IN THE WORLD, COMPRISING APPROXIMATELY8,000 OBJECTS.THE MUSEUM IS COMMITTED TO THE COLLECTION, PRESENTATION, AND INTERPRETATION OF ART CREATED AFTER 1940, IN ALL MEDIA, AND TO PRESERVING THAT WORK FOR FUTURE GENERATIONS. THE MUSEUM PROVIDES LEADERSHIP IN THE FIELD BY IDENTIFYING AND PRESENTING THE MOST SIGNIFICANT AND CHALLENGING ART OF OUR TIME, ACTIVELY SUPPORTING THE CREATION OF NEW WORK, AND PRODUCING ORIGINAL SCHOLARSHIP. THE MUSEUM ENGAGES AUDIENCES THROUGH AN AMBITIOUS PROGRAM OF FREE EXHIBITIONS, EDUCATIONAL PROGRAMS, AND PUBLISHING. 0 0 9266152 1036740 CURATORIAL AND EXHIBITION PROGRAMS: MOCA CONTINUED ITS DYNAMIC EXHIBITION PROGRAM WITH THE COLLECTION SHOWS "REVERBERATIONS," "DIARY OF FLOWERS: ARTISTS AND THEIR WORLDS, AND "FICTIONS OF DISPLAY," WHICH HIGHLIGHTED ARTWORKS FROM THE MUSEUM'S RENOWNED COLLECTION OF NEARLY 8,000 CONTEMPORARY ARTWORKS FROM 1940 TO THE PRESENT BY ESTABLISHED AND EMERGING ARTISTS. MOCA ALSO PRESENTED MAJOR EXHIBITIONS OF THE ARTISTS JOSH KLINE AND OLAFUR ELIASSON, AND FEATURED THE FIRST SOLO MUSEUM PRESENTATIONS IN LOS ANGELES OF ARTISTS ANA SEGOVIA AND TAKAKO YAMAGUCHI AS PART OF ITS RELAUNCHED MOCA: FOCUS SERIES. LASTLY, THE GROUP EXHIBITION AT THE MUSEUM, ORDINARY PEOPLE: PHOTOREALISM AND THE WORK OF ART SINCE 1968," INCLUDED PAINTINGS, DRAWINGS, AND SCULPTURES BY MORE THAN FORTY ARTISTS. MOCA ALSO PRESENTED A ROBUST SCHEDULE OF PERFORMANCES AS PART OF ITS WONMI'S WAREHOUSE PROGRAM. HIGHLIGHTS INCLUDED THE WORLD PREMIERE OF NADYA TOLOKONNIKOVA'S (PUSSY RIOT) NEW DURATIONAL PERFORMANCE INSTALLATION "POLICE STATE", THE US PREMIERE IF WAEL SHAWKY'S ACCLAIMED FILM INSTALLATION "DRAMA 1882", AND THE WEST COAST PREMIERE OF DYNASTY HANDBAG'S "TITANIC DEPRESSION". 5383838 BUILDING OPERATIONS AND SECURITY:MOCA HAS TWO FACILITIES IN THE DOWNTOWN LOS ANGELES NEIGHBORHOOD: THE MOCA GRAND AVENUE BUILDING, DESIGNED BY CELEBRATED JAPANESE ARCHITECT ARATA ISOZAKI, AND THE GEFFEN CONTEMPORARY BUILDING, RENOVATED BY RENOWNED CALIFORNIA ARCHITECT FRANK GEHRY. BOTH FACILITIES REQUIRE SECURITY 24-HOURS A DAY, SEVEN DAYS A WEEK, AND ARE PROPERLY MAINTAINED TO ENSURE THE SAFETY OF ALL ARTWORKS IN MOCA'S CARE. IN CONSULTATION WITH ITS ENVIRONMENTAL COUNCIL AND ADVISORS, MOCA'S ENVIRONMENTAL AND SUSTAINABILITY STRATEGIST LEADS THE MUSEUM'S SUSTAINABILITY EFFORTS AND ENVIRONMENTALLY FOCUSED PROGRAMMING. 2848014 PUBLIC AFFAIRS/INFORMATION: MOCA'S COMMUNICATIONS DEPARTMENT PRODUCES A VARIETY OF PROMOTIONAL, ADVERTISING, AND PUBLIC ANNOUNCEMENTS TO INFORM THE PUBLIC OF MOCA'S EXHIBITIONS, PROGRAMMING, AND COLLECTION . MOCA'S COMMUNICATIONS OUTREACH INCLUDED ROBUST MARKETING & ADVERTISING CAMPAIGNS, PUBLIC RELATIONS EFFORTS, PAID & ORGANIC SOCIAL MEDIA CAMPAIGNS, AND DIGITAL OFFERINGS ACROSS OWNED AND EARNED PLATFORMS. 1849490 451693 PUBLIC ENGAGEMENT, LEARNING & IMPACT: MOCA IS COMMITTED TO PROVIDING ENRICHING EXPERIENCES TO MAXIMIZE ACCESS AND INCLUSION IN THE ARTS. EDUCATION PROGRAMMING INCLUDES CONTEMPORARY ART START (CAS) PARTNERSHIPS WITH TEACHERS AND SCHOOLS, A NATIONALLY RECOGNIZED TEEN PROGRAM, AND OFFERINGS FOR FAMILIES. A VARIETY OF PUBLIC PROGRAMS CONNECT AUDIENCES AND ARTISTS WITH EXHIBITIONS AND ENVIRONMENTAL SUSTAINABILITY THROUGH PANEL DISCUSSIONS, TALKS, TOURS, CONCERTS, AND MORE. 1849490 451693 19347494 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 0 1 1 0 0 1 0 0 0 0 1 134 0 1 243 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MICHAEL HARRISON DEPUTY DIR & CFO 2136211748 250 SOUTH GRAND AVE LOS ANGELES CA 90012 JOHANNA BURTON UNTIL 0825 DIRECTOR 40.00 0.00 X X 904292 0 32258 CAROLYN CLARK POWERS BOARD PRESIDENT 1.00 0.00 X X 0 0 0 EUGENIO LOPEZ ALONSO VICE-CHAIR 1.00 0.00 X X 0 0 0 MARIA SEFERIAN BOARD CHAIR 1.00 0.00 X X 0 0 0 HEATHER PODESTA UNTIL 0425 SECRETARY 1.00 0.00 X X 0 0 0 THE HONORABLE KAREN BASS 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, CHAIR EMERITUS 1.00 0.00 X 0 0 0 SUSAN GERSH TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH IRMAS TRUSTEE 1.00 0.00 X 0 0 0 KARYN KOHL TRUSTEE 1.00 0.00 X 0 0 0 BARBARA KRUGER TRUSTEE 1.00 0.00 X 0 0 0 TALA MADANI TRUSTEE 1.00 0.00 X 0 0 0 MAURICE MARCIANO TRUSTEE, CHAIR EMERITUS 1.00 0.00 X 0 0 0 MARY KLAUS MARTIN TRUSTEE 1.00 0.00 X 0 0 0 RODNEY MCMILLIAN TRUSTEE 1.00 0.00 X 0 0 0 NANCY KWON MERRIHEW TRUSTEE 1.00 0.00 X 0 0 0 SEAN PARKER TRUSTEE 1.00 0.00 X 0 0 0 VIDA YAGHMAI TRUSTEE 1.00 0.00 X 0 0 0 WONMI KWON TRUSTEE 1.00 0.00 X 0 0 0 CHRISTINA QUARLES TRUSTEE 1.00 0.00 X 0 0 0 PETE SCANTLAND TRUSTEE 1.00 0.00 X 0 0 0 TERRI SMOOKE TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY SOROS TRUSTEE, PRESIDENT EMERITUS 1.00 0.00 X 0 0 0 BERRY STEIN TRUSTEE 1.00 0.00 X 0 0 0 CARLO TRAGLIO TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER V WALKER TRUSTEE 1.00 0.00 X 0 0 0 ORNA AMIR WOLENS TRUSTEE 1.00 0.00 X 0 0 0 COUNCIL PRES MARQUEECE HARRIS-DAWSO EX-OFFICIO 1.00 0.00 X 0 0 0 BLAKE JOHNSON FROM 724 TRUSTEE 1.00 0.00 X 0 0 0 JULIE WAINWRIGHT TRUSTEE 1.00 0.00 X 0 0 0 STEVEN RICE FROM 225 TRUSTEE 1.00 0.00 X 0 0 0 MARGARET MORGAN FROM 1024 TRUSTEE 1.00 0.00 X 0 0 0 CORINNE OPMAN UNTIL 0625 TRUSTEE 1.00 0.00 X 0 0 0 COUNCIL PRES PAUL KREKORIAN TRUSTEE (UNTIL 10/24) 1.00 0.00 X 0 0 0 JENNIFER HAWKS DJAWADI TRUSTEE (UNTIL 06/25) 1.00 0.00 X 0 0 0 TIM DISNEY UNTIL 0725 TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL HARRISON FROM 0125 DEPUTY DIRECTOR & CFO 40.00 0.00 X 0 0 0 JILL DAVIS CHIEF OPERATING OFFICER 40.00 0.00 X 251944 0 11973 ASA HURSH CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 194644 0 11018 CLARA KIM CHIEF CURATOR & DIRECTOR OF CULTURAL AFFAIRS 40.00 0.00 X 252094 0 23813 JESSICA NUNN CHIEF PEOPLE & CULTURE OFFICER 40.00 0.00 X 228627 0 19704 DANIELLE BIAS CHIEF COMMUNICATION OFFICER 40.00 0.00 X 218216 0 19515 LISA MARK CHIEF OF PUBLIC ENGAGEMENT, LEARNING, AND IMPACT 40.00 0.00 X 218169 0 24024 MEREDITH KING DIRECTOR OF FINANCE 40.00 0.00 X 160165 0 19345 2428151 0 161650 9 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES 300 PASADENA AVE SOUTH PASADENA CA 91030 SECURITY 1037501 STUDIO OLAFUR ELIASSON FUTURES GMBH CHRISTINENSTRABE 18-19 BERLIN GM COMMISSION 868469 CSM COLLECTIVE INC 2831 ANCHOR AVENUE LOS ANGELES CA 90064 CONSULTING 833124 SECURITAS SECURITY SERVICES USA INC PO BOX 57220 LOS ANGELES CA 90074 SECURITY 817251 ALLIED UNIVERSAL JANITORIAL SERVICES EIGHT TOWER BRIDGE 161 WASHINGTON CONSHOHOCKEN PA 19428 JANITORIAL 568727 19 910993 2923874 150291 18183479 669447 22168637 ADMISSIONS 900099 833856 833856 TRAVEL EXHIBITION FEES 900099 200000 200000 WORKSHOP FEES 900099 3374 3374 REPRODUCTION FEES 900099 2884 2884 1040114 1735029 1735029 19204 19204 149634 0 149634 149634 149634 45092647 40308875 4783772 4783772 4783772 152424 2923874 1377024 -1224600 -1224600 887343 439024 448319 448319 OTHER INCOME 900099 434804 434804 434804 29554913 1488433 0 5897843 1519948 1016768 385456 117724 8906224 5957812 2258603 689809 1247903 834784 316466 96653 707793 473478 179495 54820 78206 78206 97846 97846 716546 716546 1728372 1152898 417926 157548 318580 317784 796 299227 119974 177192 2061 331693 58300 184447 88946 2024306 2007224 1476 15606 426028 330039 55317 40672 21805 8743 12912 150 18188 18188 456637 456637 596952 394653 202299 EXHIBITION PRODUCTION E 1903122 1830767 26586 45769 SECURITY 1791400 1783574 7826 EXHIBITION SHIPPING, CR 1457811 1440982 15636 1193 STORAGE 1255440 1240947 13465 1028 628010 378767 68608 180635 26532037 19347494 5684103 1500440 12691065 13110895 7414569 10011214 7694265 6134316 280578 58239 3832908 3809048 190115 361827 36171794 31967208 3992032 4204586 20951195 21423827 156245267 162738050 2045180 340413 215337174 222192415 1635811 2155742 523816 341739 2159627 2497481 X 18336909 18691549 194840638 201003385 213177547 219694934 215337174 222192415 X 3022876 8019410 -4524899 X X 0 1 X 1 0 X 12016145 12905618 12949052 18029335 22168637 78068787 12016145 12905618 12949052 18029335 22168637 78068787 3737794 74330993 33191 1132042 2120828 2267444 1903867 7457372 139166 78297 216776 203660 434804 1072703 86598862 7329161 0.85830 0.76780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 256600 X X X X 1 175879555 640000 13249174 8641000 181127729 162503405 4425003 18750814 9799667 175879555 161882000 383000 7780256 7541851 162503405 168816636 805754 -1240390 6500000 161882000 131181615 43568566 5933545 168816636 0.00000 0.70774 0.29226 0 0 100000 100000 25367304 23925551 1441753 9913000 7785247 2127753 609900 256410 353490 181590 181590 4204586 COMMINGLED FUNDS 106518358 F ALTERNATIVE INVESTMENTS 27563232 F PRIVATE INVESTMENTS 28656460 F 162738050 X 36912441 8019410 54664 8074074 28838367 716546 716546 29554913 25815491 0 25815491 716546 716546 26532037 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 $4,579,563 DURING THE YEAR ENDED JUNE 30, 2025. THE MUSEUM DID NOT DEACCESSION ANY COLLECTION ITEMS DURING THE YEAR ENDED JUNE 30, 2025. PART III, LINE 4: MOCA CONTINUED ITS DYNAMIC EXHIBITION PROGRAM WITH THE COLLECTION SHOWS "LONG STORY SHORT," "MAPPING AN ART WORLD: LOS ANGELES IN THE 1970S-80S, AND "REVERBERATIONS," WHICH HIGHLIGHTED ARTWORKS FROM THE MUSEUM'S RENOWNED COLLECTION OF NEARLY 8,000 CONTEMPORARY ARTWORKS FROM 1940 TO THE PRESENT BY ESTABLISHED AND EMERGING ARTISTS. MOCA ALSO PRESENTED MAJOR EXHIBITIONS OF THE ARTISTS JOSH KLINE AND PAUL PFEIFFER. ADDITIONALLY, MOCA FEATURED THE FIRST SOLO MUSEUM PRESENTATION OF LOS ANGELES-BASED ARTIST EDDIE RODOLFO APARICIO AS PART OF ITS RELAUNCHED MOCA: FOCUS SERIES. MOCA ALSO PRESENTED A ROBUST SCHEDULE OF PERFORMANCES AS PART OF ITS WONMI'S WAREHOUSE PROGRAM. HIGHLIGHTS INCLUDED THE WORLD PREMIERE OF "THE COMET / POPPEA" A NEW OPERA BY YUVAL SHARON CO-PRESENTED WITH THE INDUSTRY AND THE WEST COAST PREMIERE OF MORIAH EVANS'S DURATIONAL PERFORMANCE INSTALLATION "REMAINS PERSIST." 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 OVER THE LONG TERM. PART X, LINE 2: 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, 2025, THE MUSEUM 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 54,664. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS (SEE PART V) 99358283 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 1230660 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 5842541 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 2154092 0 0 0 0 0 0 108585576 0 108585576 1 0 1 0 1 0 FORM 990, PART I, LINE 3: AMOUNTS REPORTED ARE FOR INVESTMENT FUNDS DOMICILED IN CENTRAL AMERICA AND CARIBBEAN. MOCA GALA 2024 3076298 2923874 152424 107997 223872 60000 985155 3076298 2923874 152424 107997 223872 60000 985155 1377024 -1224600 X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 JOHANNA BURTON UNTIL 0825 DIRECTOR 724292 0 80000 0 100000 0 0 0 32258 0 936550 0 0 0 CLARA KIM CHIEF CURATOR & DIRECTOR OF CULTURAL 252094 0 0 0 0 0 0 0 23813 0 275907 0 0 0 JILL DAVIS CHIEF OPERATING OFFICER 251944 0 0 0 0 0 0 0 11973 0 263917 0 0 0 JESSICA NUNN CHIEF PEOPLE & CULTURE OFFICER 228627 0 0 0 0 0 0 0 19704 0 248331 0 0 0 LISA MARK CHIEF OF PUBLIC ENGAGEMENT, LEARNING 218169 0 0 0 0 0 0 0 24024 0 242193 0 0 0 DANIELLE BIAS CHIEF COMMUNICATION OFFICER 218216 0 0 0 0 0 0 0 19515 0 237731 0 0 0 ASA HURSH CHIEF ADVANCEMENT OFFICER 184644 0 10000 0 0 0 0 0 11018 0 205662 0 0 0 MEREDITH KING DIRECTOR OF FINANCE 160165 0 0 0 0 0 0 0 19345 0 179510 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE WAS PROVIDED TO THE DIRECTOR OF THE ORGANIZATION. THE BENEFIT WAS REPORTED AS TAXABLE COMPENSATION. PART I, LINE 7 DIRECTOR'S CONTRACT ALLOWS FOR A BONUS BASED ON CERTAIN PERFORMANCE METRICS. BONUS WAS APPROVED BY BOARD. X 14 NA X 7 669447 FMV 14 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. OTHER ITEMS THAT ARE EXCLUDED FROM THE FINANCIAL STATEMENTS INCLUDE PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES AND ARE BOTH REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. FORM 990, PART VI, SECTION A, LINE 1A 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 A, LINE 2 WONMI KWON AND NANCY KWON MERRIHEW ARE BOTH VOTING MEMBERS AND HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CFO AND DIRECTOR. ONCE APPROVED BY THE DIRECTOR, THE FORM IS DISTRIBUTED FIRST TO THE AUDIT COMMITTEE OF THE BOARD FOR APPROVAL, 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 HIRING 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 54,664. COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -4,579,563. FORM 990, PART XII, LINE 2C: NO PROCESSES HAVE CHANGED FROM THE PRIOR YEAR. MOCA TV LLC 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 900776531 ENTERTAINMENT CA MUSEUM OF CONTEMPORARY ART