EIN 95-2264067

Los Angeles County Museum of Art (LACMA)

IRS 501(c) type
501(c)(3)
Num. employees
505
Year formed
1938
Most recent tax filings
2022-06-01
NTEE code, primary
Description
Los Angeles County Museum of Art serves the public through the collection, conservation, exhibition and interpretation of significant works of art from a broad range of cultures and historical periods. It presents exhibition, curatorial, conservation & art programs including 27 exhibitions and permanent collection installations in fiscal 2021-2022, featuring artworks from its own collection and from lenders around the world. Additionally, it offers public programs, films, and concerts.
Also known as...
Museum Associates
Total revenues
$150,810,631
2022
Total expenses
$97,616,148
2022
Total assets
$1,471,254,703
2022
Num. employees
505
2022

Program areas at LACMA

Exhibition, curatorial, conservation & Art programslacma presented 27 exhibitions and permanent collection installations in fiscal 2021-2022, featuring artworks from its own collection and from lenders around the world. Public programs, films, and concerts are developed in coordination with special exhibitions. Many works from the Museum's collection of nearly 149,000 objects are treated by conservators, while the Museum's research library and scholarly publications provide reference support to Museum staff and outside scholars. All of these activities serve to meet the goals of conservation, exhibition and interpretation of Art into meaningful aesthetic, intellectual, and cultural experiences.
Public and protective services and engagementit is a Museum goal to continuously expand and serve audiences of all ages, ethnicities, and socio-economic backgrounds by creating welcoming environments and programs. This is accomplished through a variety of means, including on-site staff and contractors protecting Art and providing service to the public, special events, promotional campaigns, campus way-finding media, and the Museum magazine.
Facility enhancementin fiscal 2021-2022, lacma continued work towards a major, new Museum building. Most of these costs were capitalized and are not reflected on this line. This category of expense also reflects financing and depreciation expense representing amortization of the capitalized costs of constructing the Museum's physical facilities, an activity that is one of the core reasons Museum Associates was founded.
The Museum collects works of Art in all media, from every historical period, and from every corner of the globe to enhance its permanent collection. Expenses reflect funds paid by the Museum for the acquisition of Art works, but do not reflect the value of in-kind gifts of Art. The Museum offers many educational outreach programs in local schools and on-site for children and teens as well as classes and other programs and interpretive materials for college students and adults.

Grants made by LACMA

GranteeGrant descriptionAmount
Triple Aught FoundationCuratorial$1,032,049
Skystone FoundationCuratorial$200,000

Who funds Los Angeles County Museum of Art (LACMA)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ressler Gertz FoundationContribution$6,500,000
The Robert Mapplethorpe FoundationFor Donee's Exempt Purpose$2,290,500
W. M. Keck FoundationTo Improve Access To Art and Art Education for Angelenos From All Parts of Our Region.$2,000,000
...and 138 more grants received totalling $26,009,691

Personnel at LACMA

NameTitleCompensation
Michael GovanChief Executive Officer and Wallis Annenberg Director$1,224,759
Diana VesgaChief Operating Officer / Chief Administrative Officer$739,117
Ann RowlandChief Financial Officer$78,016
Kim WatsonVice President , Development$260,044
Melissa BomesSenior Vice President of Development and Audience Strategy$309,502
...and 12 more key personnel

Financials for LACMA

RevenuesFYE 06/2022
Total grants, contributions, etc.$86,583,680
Program services$42,968,004
Investment income and dividends$10,281,465
Tax-exempt bond proceeds$0
Royalty revenue$145,587
Net rental income$1,397,539
Net gain from sale of non-inventory assets$7,767,614
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$1,403,169
Miscellaneous revenues$263,573
Total revenues$150,810,631

Form 990s for LACMA

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2021-062022-09-07990View PDF
2020-062022-04-23990View PDF
2019-062021-05-13990View PDF
2018-062019-07-25990View PDF
...and 9 more Form 990s

Organizations like LACMA

OrganizationLocationRevenue
Minneapolis Institute of ArtMinneapolis, MN$54,407,955
San Francisco Museum of Modern ArtSan Francisco, CA$89,774,720
The Detroit Institute of ArtsDetroit, MI$79,426,039
Whitney Museum of American ArtNew York, NY$110,055,900
Brooklyn MuseumBrooklyn, NY$88,940,575
Seattle Art MuseumSeattle, WA$67,181,210
Philadelphia Museum of ArtPhiladelphia, PA$87,709,075
The Museum of Fine Arts HoustonHouston, TX$154,547,084
Metropolitan Museum of ArtNew York, NY$653,501,924
Museum of Modern ArtNew York, NY$265,321,760
Data update history
October 25, 2023
Received grants
Identified 7 new grant, including a grant for $30,000 from Flora L Thornton Foundation
July 22, 2023
Received grants
Identified 114 new grant, including a grant for $6,500,000 from Ressler Gertz Foundation
July 13, 2023
Used new vendors
Identified 10 new vendors, including , , , , , , , , , and
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
Arts, cultural, and humanities
Characteristics
MembershipsLobbyingConservation easementFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringGala fundraisersTax deductible donations
General information
Address
5905 Wilshire Blvd
Los Angeles, CA 90036
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
lacma.org/ 
Phone
(323) 857-6142
Facebook page
LACMA 
Twitter profile
@lacma 
IRS details
EIN
95-2264067
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1938
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A51: Art Museums
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
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