EIN 95-2264067

Los Angeles County Museum of Art (LACMA)

IRS 501(c) type
501(c)(3)
Num. employees
552
Year formed
1938
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Los Angeles County Museum of Art (LACMA) promotes conservation, engages communities through diverse exhibitions, and offers educational programs across multiple artistic disciplines.
Also known as...
Museum Associates
Total revenues
$194,481,499
2023
Total expenses
$102,095,893
2023
Total assets
$1,566,993,617
2023
Num. employees
552
2023

Program areas at LACMA

Exhibition, curatorial, conservation & Art programslacma presented 26 exhibitions and permanent collection installations in fiscal 2022-2023, 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 152,000 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 2022-2023, 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
Skystone FoundationCuratorial$0
Triple Aught FoundationCuratorial$0
Pacific Traditions SocietyCuratorial$0

Who funds Los Angeles County Museum of Art (LACMA)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ressler Gertz FoundationContribution$6,500,000
Resnick FoundationDonee's Tax Exempt Purpose$4,000,000
W. M. Keck FoundationTo Improve Access To Art and Art Education for Angelenos From All Parts of Our Region.$2,000,000
...and 137 more grants received totalling $23,853,627

Personnel at LACMA

NameTitleCompensation
Michael GovanChief Executive Officer and Wallis Annenberg Director$2,496,238
Diana VesgaChief Operating Officer$699,325
Mark MitchellChief Financial Officer$267,464
Elizabeth WiattSenior Vice President of Development
Naima KeithVice President of Education and Public Programs$220,600
...and 6 more key personnel

Financials for LACMA

RevenuesFYE 06/2023
Total grants, contributions, etc.$130,255,128
Program services$44,254,716
Investment income and dividends$15,291,696
Tax-exempt bond proceeds$0
Royalty revenue$563,324
Net rental income$1,459,363
Net gain from sale of non-inventory assets$1,377,457
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$1,016,911
Miscellaneous revenues$262,904
Total revenues$194,481,499

Form 990s for LACMA

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-15990View PDF
2021-062022-09-07990View PDF
2020-062022-04-23990View PDF
2019-062021-05-13990View PDF
...and 10 more Form 990s
Data update history
November 25, 2024
Received grants
Identified 13 new grant, including a grant for $4,000,000 from Resnick Foundation
November 8, 2024
Updated personnel
Identified 7 new personnel
November 4, 2024
Updated personnel
Identified 1 new personnel
August 25, 2024
Received grants
Identified 34 new grant, including a grant for $544,585 from The Max H Gluck Foundation
July 15, 2024
Updated personnel
Identified 6 new personnel
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
MembershipsLobbyingConservation easementFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringGala fundraisersTax deductible donationsAccepts online 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
004953
FTB Entity ID
0175622
AB 488 data last updated ("as-of") date
2024-12-18
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