2026-05-15T15:48:25-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 2050 MAIN STREET SUITE 700 IRVINE CA 92614 990 2024-07-01 951855640 MUSEUM OF CONTEMPORARY ART SAN DIEGO MUSE 8584543541 700 PROSPECT ST LA JOLLA CA 92037 REKHA KAPANIA CFO & COO 8584543541 2026-05-15 1 0 BRIAN YACKER P00401346 9492222999 2026-05-15 2024 2025-03-06 01:10:19Z KATHRYN KANJO 700 PROSPECT ST LA JOLLA CA 92037 56294796 0 X WWW.MCASD.ORG X 1941 CA MCASD INVITES ALL AUDIENCES TO EXPERIENCE OUR WORLD THROUGH THE PRISM OF CONTEMPORARY ART. 29 29 116 29 0 0 10042004 4857103 524707 472588 3909989 -5462082 855114 1853523 15331814 1721132 0 0 0 0 5567727 5875958 0 0 633534 9574531 7812964 15142258 13688922 189556 -11967790 156207542 138866157 20956353 14261430 135251189 124604727 THE MUSEUM OF CONTEMPORARY ART SAN DIEGO INVITES ALL AUDIENCES TO EXPERIENCE OUR WORLD, OUR REGION, AND OURSELVES THROUGH THE PRISM OF CONTEMPORARY ART. 0 0 5338330 514033 MCASD'S EXPANDED, STATE-OF-THE-ART LA JOLLA FACILITY FEATURES 40,000 SQUARE FEET OF GALLERY SPACE FOR EXHIBITIONS OF THE HISTORICAL HOLDINGS AND SPECIAL, TEMPORARY EXHIBITIONS, WHICH ARE DEVELOPED WITH ORIGINAL RESEARCH TO PROVIDE INSIGHTFUL ANALYSIS OF ISSUES THAT IMPACT OUR REGION AND OUR WORLD. EXHIBITIONS PROVIDE THE BASIS FOR PUBLICATIONS, PANEL DISCUSSIONS, LECTURES, COMMUNITY EVENTS, TOURS AND OTHER SUPPORTING PROGRAMS. 2389379 32325 THE STEWARDSHIP OF MCASD'S COLLECTION IS A KEY COMPONENT OF ITS MISSION. IN FISCAL 2025, MCASD INCREASED ITS HOLDINGS WITH 103 WORKS OF ART THROUGH DONATION, PURCHASE, AND PURCHASE WITH DONATED FUNDS. THE FUNDS ALLOCATED FOR CARE OF THE PERMANENT COLLECTION INCLUDE EXPENSES FOR INSURANCE, PRESERVATION, AND CONSERVATION. MCASD SHARED ITS COLLECTION THROUGH THE LOAN OF 11 ARTWORKS TO 11 EXHIBITIONS AT OTHER MUSEUMS NATIONALLY. 744551 39106 MCASD'S INTERGENERATIONAL ARTS EDUCATION PROGRAMS SERVES AUDIENCES WITH ENRICHING MATERIAL DEVELOPED FROM BOTH THE MUSEUM'S PERMANENT COLLECTION AND TEMPORARY EXHIBITIONS. MCASD'S SIGNATURE EXTENDED SCHOOL PARTNERSHIP (ESP) CONNECTS MUSEUM EDUCATORS WITH COHORTS OF STUDENTS FOR GALLERY TOURS, LEARNING WORKSHOPS AND ULTIMATELY CREATIVE SHOWCASES THAT CONNECT DIRECTLY BACK TO SCHOOL CURRICULUM. YOUTH AUDIENCES ARE ALSO SERVED THROUGH THE TEEN ARTS COLLECTIVE AND MONTHLY FAMILY PLAY DAYS. MCASD RECEIVED FUNDING TO SUPPORT A CREATIVE AGING INITIATIVE CALLED REFLECTIONS WHICH ALLOWED OLDER ADULTS AN OPPORTUNITY FOR LEARNING AND COMMUNITY BUILDING AT THE MUSEUM. IN ADDITION, MCASD EDUCATORS LEAD SPECIALIZED TOURS, THEMATIC WORKSHOPS, AND FACILITATE LECTURE STYLE DISCUSSIONS FOR THE COMMUNITY AT LARGE. 8472260 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 104 0 1 116 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X ALEJANDRO VILLEGAS 8584543541 700 PROSPECT ST LA JOLLA CA 92037 STEVE STRAUSS PRESIDENT 1.00 X X 0 0 0 MELISSA GARFIELD BARTELL VICE PRESIDENT 1.00 X X 0 0 0 MARYANNE PFISTER VICE PRESIDENT 1.00 X X 0 0 0 DAGMAR SMEK SECRETARY 1.00 X X 0 0 0 KEN ALTMAN TRUSTEE 1.00 X 0 0 0 BARBARA ARLEDGE TRUSTEE 1.00 X 0 0 0 MARY F BERGLUND TRUSTEE 1.00 X 0 0 0 CHRIS BIRCHBY TRUSTEE 1.00 X 0 0 0 VIVECA BISSONNETTE TRUSTEE 1.00 X 0 0 0 CHARLES BLACK TRUSTEE 1.00 X 0 0 0 NANCY BROWAR TRUSTEE 1.00 X 0 0 0 KAREN COHN TRUSTEE 1.00 X 0 0 0 KAREN FOX TRUSTEE 1.00 X 0 0 0 CELIA HENELY TRUSTEE 1.00 X 0 0 0 MARGARET JACKSON TRUSTEE 1.00 X 0 0 0 DR PAUL E JACOBS TRUSTEE 1.00 X 0 0 0 DAVID MARINO TRUSTEE 1.00 X 0 0 0 MEVINS MCBRIDE TRUSTEE 1.00 X 0 0 0 ANNA HAUDENSCHILD MEIER TRUSTEE 1.00 X 0 0 0 ALESSANDRA MOCTEZUMA TRUSTEE 1.00 X 0 0 0 DR SHELDON MORRIS TRUSTEE 1.00 X 0 0 0 GARNA MULLER TRUSTEE 1.00 X 0 0 0 JENNIFER NELSON TRUSTEE 1.00 X 0 0 0 ELIZABETH PHELPS TRUSTEE 1.00 X 0 0 0 MARCOS RAMIREZ ERRE TRUSTEE 1.00 X 0 0 0 JAMES ROBBINS TRUSTEE 1.00 X 0 0 0 TOM ROSSO TRUSTEE 1.00 X 0 0 0 COLETTE CARSON ROYSTON TRUSTEE 1.00 X 0 0 0 LORENZA FABRE VEGA TRUSTEE 1.00 X 0 0 0 KATHRYN KANJO DAVID C. COPLEY DIRECTOR AND CEO 40.00 X 399331 0 56251 REKHA KAPANIA CFO & COO 40.00 X 173352 0 9259 JENNA JACOBS SENIOR DIRECTOR, OPERATIONS 40.00 X 148916 0 11337 APRIL FARRELL DIRECTOR OF EARNED REVENUE 40.00 X 148707 0 12582 CARLA LOCKHART DIRECTOR, HR BUSINESS PARTNER 40.00 X 118477 0 14179 JILL DAWSEY SENIOR CURATOR 40.00 X 113402 0 10181 1102185 0 113789 6 0 1 0 MUSEUM OF CONTEMPORARY ART CHICAGO 220 EAST CHICAGO AVE CHICAGO IL 60611 TRAVELING EXHIBITION 251200 BLUSKY RESTORATION 2750 SIGNAL PARKWAY SIGNAL HILL CA 90755 BUILDING DAMAGE REPAIRS 225612 PACIFIC RIM MECHANICAL 9125 REHCO ROAD SAN DIEGO CA 92121 HVAC SYSTEM REPAIRS AND INSTALLATION 195258 PROFESSIONAL MAINTENANCE SYSTEMS PO BOX 80038 SAN DIEGO CA 92138 OUTSOURCED BUILDING SANITATION 191681 URBAN KITCHEN CATERING 1295 WEST MORENA BLVD SAN DIEGO CA 92110 CATERING SERVICES 149345 8 715388 589179 285265 3267271 50000 4857103 EXHIBITIONS 713990 401157 401157 EDUCATIONAL OUTREACH 713990 39106 39106 PERMANENT COLLECTION 713990 32325 32325 472588 1316708 1316708 1602625 66443 1536182 1536182 1536182 41196574 6055700 38272276 15758788 2924298 -9703088 -6778790 -6778790 333794 589179 329156 4638 4638 259892 147001 112891 112876 15 COMMISSIONS 722320 199812 199812 199812 1721132 585464 0 -3721435 792923 238981 433056 120886 4311158 2569883 1376350 364925 71256 44209 22631 4416 345914 194613 124249 27052 354707 205230 112160 37317 4528 4528 77150 77150 145873 145873 767716 513436 242473 11807 464051 303837 156245 3969 226695 20251 205410 1034 617567 522514 89527 5526 141325 107995 29748 3582 715766 715766 2718919 2313316 372519 33084 395785 168614 217821 9350 ACCESSIONS OF ART 827142 827142 SUPPLIES 179117 144897 34220 0 REPAIRS AND MAINTENANCE 114772 95581 18134 1057 MEALS 98565 65463 26822 6280 317993 136298 178446 3249 13688922 8472260 4583128 633534 2006029 471746 497821 1262621 1128982 664572 175556 141513 168615 249870 82114 77210 107269290 20573827 104985254 86695463 47029543 49181969 133628 121193 156207542 138866157 1029614 1467879 1106427 514846 3291071 3306451 14602122 8159905 927119 812349 20956353 14261430 X 79870959 73819099 55380230 50785628 135251189 124604727 156207542 138866157 -11967790 1321328 0 X X 0 1 X 1 0 X 8400903 22668347 8362735 10042004 4857103 54331092 316806 257971 250232 175162 1000171 8717709 22926318 8612967 10217166 4857103 55331263 19126620 36204643 953625 1270422 1869350 2103711 2919333 9116441 4638 4638 189081 199812 388893 64841235 2759016 0.55840 0.59010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: COMMISSIONS - 2023 AMOUNT: $ 189,081. 2024 AMOUNT: $ 199,812. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 46384152 200000 5368369 3093077 48859444 44532975 300000 5468449 3917272 46384152 41758181 300000 4786580 2311786 44532975 49342116 -5565379 2018556 41758181 39475329 353967 11709953 2197133 49342116 0.05939 0.94061 0 0 4220709 4220709 96563912 15580103 80983809 37576 37576 0 6340631 4902029 1438602 106462 54119 52343 86695463 DEFERRED COMPENSATION 792958 OPERATING LEASE LIABILITY 19391 812349 X 3585060 1321328 1321328 2263732 -542600 -542600 1721132 14231522 542600 542600 13688922 0 13688922 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES, AND ARE USED PRIMARILY TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. PART III, LINE 4: THE PERMANENT COLLECTION OF THE MUSEUM CONSISTS OF PAINTINGS, SCULPTURES, INSTALLATIONS, WORKS ON PAPER (INCLUDING PHOTOGRAPHY), VIDEO AND OTHER MEDIA. THE CORNERSTONE OF ANY MUSEUM IS ITS COLLECTION. IT IS THE RESPONSIBILITY OF THE MUSEUM TO ACQUIRE OBJECTS FOR ITS COLLECTION, TO MAINTAIN THEM FOR USE IN EXHIBITIONS, EDUCATION AND RESEARCH, AND TO PRESERVE THE COLLECTION IN PERPETUITY, ALL WHICH CONTRIBUTE TO MEETING THE ORGANIZATION'S EXEMPT PURPOSE. ACQUISITION AND PRESERVATION OF OBJECTS ARE PRIMARY RESPONSIBILITIES OF THE BOARD OF TRUSTEES, THE EXECUTIVE DIRECTOR AND THE CURATORIAL STAFF. PART V, LINE 4: THE BOARD ADOPTED A SPENDING POLICY FOR PERMANENTLY RESTRICTED ENDOWMENT FUNDS BASED ON A ROLLING AVERAGE OF HISTORICAL MARKET VALUES. THE MUSEUM'S ENDOWMENT INVESTMENT POLICY AND STRATEGY IS TO EMPHASIZE TOTAL RETURN; THAT IS, THE AGGREGATE RETURN FROM CAPITAL APPRECIATION AND DIVIDEND AND INTEREST INCOME. WITHIN THIS FRAMEWORK SPECIFIC INVESTMENT OBJECTIVES FOR ENDOWMENT INVESTMENTS INCLUDE LIQUIDITY, PRESERVATION OF CAPITAL, PRESERVATION OF PURCHASING POWER AND LONG-TERM GROWTH OF CAPITAL. THE MUSEUM USES ENDOWMENT FUNDS TO SUPPORT ONGOING OPERATIONS INCLUDING VISUAL ART PROGRAMMING, EDUCATION AND VISITOR SERVICES. PART X, LINE 2: THE MUSEUM IS A NOT-FOR-PROFIT MUSEUM AND IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES. THE MUSEUM, HOWEVER, MAY BE SUBJECT TO TAX ON INCOME WHICH IS NOT RELATED TO ITS EXEMPT PURPOSE. THE MUSEUM HAD NO UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED JUNE 30, 2025. THE MUSEUM EVALUATES THEIR UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF THEIR POLICIES AND PROCEDURES, REVIEW OF THEIR REGULAR TAX FILINGS, AND DISCUSSIONS WITH OUTSIDE EXPERTS. AS OF JUNE 30, 2025, MANAGEMENT BELIEVES THE MUSEUM DID NOT HAVE ANY UNCERTAIN TAX POSITIONS. AS OF JUNE 30, 2025, THE FEDERAL STATUTE OF LIMITATION REMAINS OPEN FOR THE 2023 THROUGH 2025 YEARS. THE STATUTE OF LIMITATIONS FOR THE STATE INCOME TAX RETURNS REMAINS OPEN FOR THE 2022 THROUGH 2025 YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -329,156. COST OF GOODS SOLD -147,001. RENTAL EXPENSE -66,443. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 329,156. COST OF GOODS SOLD 147,001. RENTAL EXPENSE 66,443. GALA 830135 528813 301322 55452 28425 191093 AVANT GARDE BALL 92838 60366 32472 22107 7800 24279 922973 589179 333794 77559 36225 215372 329156 4638 X X X 1 1 0 1 0 0 0 0 0 0 0 KATHRYN KANJO DAVID C. COPLEY DIRECTOR AND CEO 396391 0 110 0 2830 0 4000 0 52251 0 455582 0 0 0 REKHA KAPANIA CFO & COO 172500 0 110 0 742 0 0 0 9259 0 182611 0 0 0 APRIL FARRELL DIRECTOR OF EARNED REVENUE 147126 0 110 0 1471 0 4000 0 8582 0 161289 0 0 0 JENNA JACOBS SENIOR DIRECTOR, OPERATIONS 148056 0 110 0 750 0 4000 0 7337 0 160253 0 0 0 PART I, LINE 1A PAYMENT FOR COMPANION TRAVEL IS CONSIDERED A VALID BUSINESS PURPOSE AND NOT INCLUDED IN COMPENSATION WHEN ACCOMPANYING THE CEO ON MUSEUM ASSOCIATED BUSINESS TRAVEL. THE PERSONAL RESIDENCE OF THE CEO IS OWNED BY THE MUSEUM AND USED BY THE CEO FOR BUSINESS AND ENTERTAINMENT OF MUSEUM TRUSTEES AND DONORS. CERTAIN PERSONAL SERVICES ARE PROVIDED TO THE CEO AS PART OF THE LIVING ARRANGEMENTS WHILE THE CEO OCCUPIES THE PERSONAL RESIDENCE OWNED BY THE MUSEUM. THE PERSONAL SERVICES ARE REQUIRED FOR USING MUSEUM PROPERTY AND SO ARE NOT CONSIDERED TAXABLE COMPENSATION. PART I, LINE 4B IN 2008 THE MUSEUM SET UP A QUALIFIED 457(F) PLAN FOR KATHRYN KANJO. EMPLOYER CONTRIBUTIONS TO THESE PLANS TOTALED $0 IN 2025. A COUNTY OF SAN DIEGO 132774656 797391YJ2 2004-12-16 13000000 EXPANSION PROJECT 0 0 0 A 13000000 460000 12540000 2007 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 X 3 50000 ART APPRAISAL 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE ORGANIZATION'S PUBLIC DISCLOSURE COPY OF THE FORM 990, NOT THE FILING COPY, INCLUDING ALL PERTINENT SCHEDULES BEFORE THEY ARE FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, MCASD DISTRIBUTES AN "INSTITUTIONAL ETHICS POLICY" DOCUMENT THAT INCLUDES THE CONFLICT OF INTEREST POLICY. MCASD REQUESTS THAT EACH YEAR, TRUSTEES REVIEW THIS DOCUMENT, SIGN AND AFFIRM THAT THEY HAVE READ THE GUIDELINES, AND COMPLETE THE TRUSTEE DISCLOSURE STATEMENT. THESE ARE KEPT ON FILE AT THE MUSEUM. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE ENGAGES A PROFESSIONAL COMPENSATION AND HUMAN RESOURCES CONSULTING PRACTICE TO CONDUCT AN EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS COMPLIANCE REVIEW OF TOTAL COMPENSATION FOR THE MUSEUM DIRECTOR. THE CONSULTANT USES VARIOUS FORM 990'S AND SURVEYS FROM SIMILAR INSTITUTIONS TO DETERMINE THE COMPETITIVENESS OF THE DIRECTOR'S COMPENSATION. MCASD RECEIVES AN ANNUAL SALARY SURVEY FROM THE ASSOCIATION OF ART MUSEUM DIRECTORS THAT IS USED TO EVALUATE COMPENSATION FOR EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION, BY-LAWS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.