2024-05-14T20:21:17-05:00 2023-06-30 390859910 BAKER TILLY US LLP 18500 VON KARMAN AVE 10TH FLOOR IRVINE CA 92612 990 2022-07-01 951855640 MUSEUM OF CONTEMPORARY ART SAN DIEGO MUSE 8584543541 700 PROSPECT ST LA JOLLA CA 92037 REKHA KAPANIA CFO 8584543541 2024-05-14 1 REKHA KAPANIA 999009999 0 BRIAN YACKER P00401346 9492222999 2024-05-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHRYN KANJO 700 PROSPECT ST LA JOLLA CA 92037 36953492 0 X WWW.MCASD.ORG X 1941 CA THE MUSEUM OF CONTEMPORARY ART SAN DIEGO INVITES ALL AUDIENCES TO EXPERIENCE OUR WORLD, OUR REGION, AND OURSELVES THROUGH THE PRISM OF CONTEMPORARY ART. 31 31 110 31 0 0 22668347 8362735 371300 492431 7890380 487113 112148 129851 31042175 9472130 0 0 0 0 4118980 5651153 0 0 1908953 6927960 8986992 11046940 14638145 19995235 -5166015 160983980 158236939 27064532 24959821 133919448 133277118 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 6581419 445134 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. THE DOWNTOWN LOCATION FEATURES 10,000 SQUARE FEET FOR CHANGING ART EXHIBITIONS AND PARTNERSHIPS. EXHIBITIONS PROVIDE THE BASIS FOR PUBLICATIONS, PANEL DISCUSSIONS, LECTURES, COMMUNITY EVENTS, TOURS AND OTHER SUPPORTING PROGRAMS. 1467018 825 PERMANENT COLLECTION: THE STEWARDSHIP OF MCASD'S COLLECTION IS A KEY COMPONENT OF ITS MISSION. IN FISCAL 2023, MCASD INCREASED ITS HOLDINGS WITH 69 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 9 ARTWORKS TO EXHIBITIONS AT OTHER MUSEUMS IN SAN DIEGO, THROUGHOUT CALIFORNIA, AND ACROSS THE COUNTRY. 711195 46472 EDUCATIONAL OUTREACH: MCASD PARTNERED WITH 7 SCHOOLS WITH ITS AWARD-WINNING ESP (EXTENDED SCHOOL PARTNERSHIP) PROGRAM. MCASD EDUCATORS WORKED WITH 10 TEACHERS AND REACHED NEARLY 500 STUDENTS. AT THE END OF THE PARTNERSHIPS, SHOWCASES WERE HOSTED BY MCASD TO PRESENT STUDENTS' WORK. MCASD EDUCATION HELD 13 WORKSHOPS WITH OVER 1,500 VISITORS. IN FISCAL 2023 MCASD INTRODUCED ITS NEW GRANT-FUNDED INITIATIVE "REFLECTIONS" WHICH IS AN ART-MAKING WORKSHOP SERIES DESIGNED TO SERVE ADULTS 55 AND OLDER. 8759632 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 0 1 0 0 0 0 0 0 0 1 163 0 1 110 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X JOSHUA BECKMAN 8584543541 700 PROSPECT ST LA JOLLA CA 92037 KATHRYN KANJO DAVID C. COPLEY DIRECTOR AND CEO 40.00 X 397264 0 51646 REED VICKERMAN CFO & COO (UNTIL 03/2023) 40.00 X 210003 0 13315 MARY CAPPIELLO ADVANCEMENT DIR. (UNTIL 12/2023) 40.00 X 170327 0 12447 JENNA JACOBS CURATORIAL AFFAIRS SR. DIRECTOR 40.00 X 131970 0 6063 CARLA LOCKHART HUMAN RESOURCES DIRECTOR 40.00 X 104420 0 15042 JILL DAWSEY SENIOR CURATOR 40.00 X 102630 0 10589 CHANCE DECKER PHILANTHROPY DIR. (UNTIL 04/2023) 40.00 X 101370 0 6592 LISA HERSMAN CFO (STARTED 05/2023) 34.00 X 0 0 0 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 MARY 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 NANCY BROWAR TRUSTEE 1.00 X 0 0 0 MARSHA CHANDLER TRUSTEE 1.00 X 0 0 0 KAREN COHN TRUSTEE 1.00 X 0 0 0 CAROLYN FARRIS TRUSTEE 1.00 X 0 0 0 KAREN FOX TRUSTEE 1.00 X 0 0 0 MARCIA HAZAN TRUSTEE 1.00 X 0 0 0 CELIA HENELY TRUSTEE 1.00 X 0 0 0 RYAN HERRELL TRUSTEE 1.00 X 0 0 0 GAIL KNOX TRUSTEE 1.00 X 0 0 0 JENNIFER LEVITT TRUSTEE 1.00 X 0 0 0 NEVINS 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 SHELDON MORRIS TRUSTEE 1.00 X 0 0 0 GARNA MULLER 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 BARBARA ARLEDGE TRUSTEE 1.00 X 0 0 0 COLETTE CARSON ROYSTON TRUSTEE 1.00 X 0 0 0 CHARLES BLACK TRUSTEE 1.00 X 0 0 0 LORENZA FABRE VEGA TRUSTEE 1.00 X 0 0 0 DAVID MARINO TRUSTEE 1.00 X 0 0 0 1217984 0 115694 7 0 1 0 URBAN KITCHEN CATERING 421 GRAPE ST SAN DIEGO CA 92101 CATERING 203246 SELLDORF ARCHITECTS 860 BROADWAY NEW YORK NY 10003 ARCHITECTURAL DESIGN 132845 MARY ANN VELASCO 5750 FRIARS RD UNIT 101 SAN DIEGO CA 92110 ACCOUNTING 128505 PBO ADVISORY GROUP 3655 NOBEL DR SUITE 520 SAN DIEGO CA 92122 ACCOUNTING 117959 SOSOLIMITED LLC 127 PEARL STREET BOSTON MA 02110 DIG. SIGNAGE INST., LABOR/CLOUD HOSTING 106462 5 606604 661011 486763 6608357 8362735 EXHIBITIONS 713990 445134 445134 EDUCATIONAL OUTREACH 713990 46472 46472 PERMANENT COLLECTION 713990 825 825 492431 1217681 1217681 651669 48592 603077 603077 603077 25965334 26318 26722220 0 -756886 26318 -730568 -730568 41745 661011 453801 -412056 -412056 195579 256749 -61170 -61170 9472130 431261 0 678134 X 889097 438216 205594 245287 4092161 2277789 1013506 800866 50470 37207 8297 4966 282128 196319 11211 74598 337297 198885 62294 76118 16396 16396 117092 117092 164064 164064 1892245 958804 407775 525666 61047 61047 665169 613812 51357 130202 90823 8547 30832 637268 558651 78617 190693 155383 29457 5853 985259 985259 2571499 2179643 354258 37598 410730 130388 276203 4139 ACCESSIONS OF ART 317337 317337 SUPPLIES 205180 165486 25933 13761 PROPERTY TAXES 159612 128112 30543 957 REPAIRS AND MAINTENANCE 150896 131423 18608 865 312303 181354 104549 26400 14638145 8759632 3969560 1908953 208354 302787 3238014 926910 4337578 3374317 124162 126801 248189 110309 95920 77941 132636234 24763800 109764417 107872434 41891234 45299758 1076112 145682 160983980 158236939 910155 1079717 874964 1383497 3260311 3275692 20988644 18177298 1030458 1043617 27064532 24959821 X 79226965 80186734 54692483 53090384 133919448 133277118 160983980 158236939 -5166015 4523685 0 X X 0 1 X 1 0 X 30401546 7763935 8400903 22668347 8362735 77597466 294000 294000 316806 257971 250232 1413009 30695546 8057935 8717709 22926318 8612967 79010475 34834716 44175759 1280585 1140953 953625 1270422 1869350 6514935 85525410 1311932 0.51650 0.59040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 41758181 300000 4786580 2311786 44532975 49342116 -5565379 2018556 41758181 39475329 353967 11709953 2197133 49342116 40094509 1189615 193870 2002665 39475329 37594360 1125000 391511 348500 40094509 0.05979 0.94021 0.00000 0 0 9209259 9209259 116517690 19667882 96849808 6763775 5068416 1695359 145510 27502 118008 107872434 DEFERRED COMPENSATION 999737 OPERATING LEASE LIABILITY 43880 1043617 X 15001380 4523685 250232 -3809 4770108 10231272 -759142 -759142 9472130 15643710 250232 759142 1009374 14634336 3809 3809 14638145 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. 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, 2023. 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, 2023, MANAGEMENT BELIEVES THE MUSEUM DID NOT HAVE ANY UNCERTAIN TAX POSITIONS. AS OF JUNE 30, 2023, THE FEDERAL STATUTE OF LIMITATION REMAINS OPEN FOR THE 2021 THROUGH 2023 YEARS. THE STATUTE OF LIMITATIONS FOR THE STATE INCOME TAX RETURNS REMAINS OPEN FOR THE 2020 THROUGH 2023 YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PUBLICATIONS -3,809. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -453,801. COST OF GOODS SOLD -256,749. RENTAL EXPENSE -48,592. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 453,801. COST OF GOODS SOLD 256,749. RENTAL EXPENSE 48,592. PART XII, LINE 4B - OTHER ADJUSTMENTS: PUBLICATIONS 3,809. GALA 702756 661011 41745 274014 95302 7535 76950 702756 661011 41745 274014 95302 7535 76950 453801 -412056 X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 KATHRYN KANJO DAVID C. COPLEY DIRECTOR AND CEO 397154 0 110 0 0 0 4000 0 47646 0 448910 0 0 0 REED VICKERMAN CFO & COO (UNTIL 03/2023) 209893 0 110 0 0 0 0 0 13315 0 223318 0 0 0 MARY CAPPIELLO ADVANCEMENT DIR. (UNTIL 12/2023) 170217 0 110 0 0 0 4000 0 8447 0 182774 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 QUALIFIED 457(B) PLANS FOR KATHRYN KANJO. 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 51 0 N/A 9 0 1 0 PART I, LINE 33: IN ACCORDANCE WITH SFAS 116, THE COLLECTIONS, WHICH HAD BEEN 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 UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIRES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. 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 COMPETIVENESS 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 IX, LINE 11G COMMUNICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 455,254. TOTAL EXPENSES 455,254. HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 31,082. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,082. CONSULTING: PROGRAM SERVICE EXPENSES 1,656. MANAGEMENT AND GENERAL EXPENSES 304,612. FUNDRAISING EXPENSES 61,843. TOTAL EXPENSES 368,111. MEMBERSHIP SUPPORT SERVICES: PROGRAM SERVICE EXPENSES 40,885. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,885. EDUCATION SERVICES: PROGRAM SERVICE EXPENSES 64,656. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,656. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 65,119. MANAGEMENT AND GENERAL EXPENSES 21,674. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,793. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 101,608. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 101,608. INFORMATION TECHNOLOGY SERVICES: PROGRAM SERVICE EXPENSES 102,580. MANAGEMENT AND GENERAL EXPENSES 14,790. FUNDRAISING EXPENSES 2,514. TOTAL EXPENSES 119,884. HONORARIA: PROGRAM SERVICE EXPENSES 158,021. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 158,021. EXHIBITIONS SERVICES: PROGRAM SERVICE EXPENSES 177,244. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 177,244. BUILDING SERVICES: PROGRAM SERVICE EXPENSES 247,035. MANAGEMENT AND GENERAL EXPENSES 35,617. FUNDRAISING EXPENSES 6,055. TOTAL EXPENSES 288,707. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.