2024-11-12T09:52:49-06:00 2023-12-31 952302617 SINGERLEWAK LLP 2010 MAIN ST STE 300 IRVINE CA 92614 990 2023-01-01 951660847 ORANGE COUNTY MUSEUM OF ART ORAN 7147802080 3333 AVENUE OF THE ARTS COSTA MESA CA 92626 J STEVEN ROUSH TREASURER 7147802080 2024-10-17 1 0 LIOR TEMKIN P00748170 9492618600 2024-10-17 2023 2024-10-15 13:58:12Z HEIDI ZUCKERMAN 3333 AVENUE OF THE ARTS COSTA MESA CA 92626 10533560 0 X OCMA.ART X 1997 CA ORANGE COUNTY MUSEUM OF ART(OCMA)ENHANCES THE LIVES OF A DIVERSE AND CHANGING COMMUNITY THROUGH MODERN AND CONTEMPORARY ART. 28 28 103 195 0 0 16884434 7469723 0 0 1744459 907085 -470686 698756 18158207 9075564 0 0 0 0 2755022 4183313 0 0 1407338 4413119 9013559 7168141 13196872 10990066 -4121308 134266294 130041069 42888341 41521340 91377953 88519729 ORANGE COUNTY MUSEUM OF ART(OCMA)ENHANCES THE LIVES OF A DIVERSE AND CHANGING COMMUNITY THROUGH MODERN AND CONTEMPORARY ART. 0 0 8905393 EXHIBITION AND CONSERVATION OF ART WORKS, IN CONJUNCTION WITH PROGRAMMING OFFERINGS THAT INCLUDE EDUCATION, SCHOOL & TEACHER, PUBLIC, FAMILY & YOUTH, AND PUBLIC PROGRAMS. 8905393 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 1 0 0 0 1 47 0 1 103 1 0 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X X KELLY SMITH 7147802177 3333 AVENUE OF THE ARTS COSTA MESA CA 92626 DAVID EMMES II PRESIDENT 1.00 X X 0 0 0 LINDA MAGGARD VICE PRESIDENT 1.00 X X 0 0 0 J STEVEN ROUSH TREASURER 1.00 X X 0 0 0 JOHN GUNNIN SECRETARY 0.30 X X 0 0 0 ALEXANDRA AIRTH TRUSTEE(FROM 10/03/2023) 0.30 X 0 0 0 JAMES BERGENER TRUSTEE 0.30 X 0 0 0 BARBARA BLUHM-KAUL TRUSTEE 0.30 X 0 0 0 PHIL BOND TRUSTEE 0.30 X 0 0 0 BARBARA BOWIE TRUSTEE 0.30 X 0 0 0 LAUREN CHALMERS TRUSTEE 0.30 X 0 0 0 CAROL CHOI TRUSTEE 0.30 X 0 0 0 SEMIRA DARIUSHNIA TRUSTEE(FROM 05/22/2023 0.30 X 0 0 0 JENNIFER DURAN TRUSTEE 0.30 X 0 0 0 SUSAN ETCHANDY TRUSTEE, EXECUTIVE COMMITT 1.00 X 0 0 0 IDIT FERDER TRUSTEE 0.30 X 0 0 0 SEAN GREEN TRUSTEE 0.30 X 0 0 0 STEPHANIE GRODY TRUSTEE 0.30 X 0 0 0 DEBRA GUNN DOWNING TRUSTEE 0.30 X 0 0 0 ALISON HOEVEN TRUSTEE 0.30 X 0 0 0 MARK J KERSLAKE TRUSTEE 0.30 X 0 0 0 CHERYL KIDDOO TRUSTEE 0.30 X 0 0 0 CAROL KLEIN TRUSTEE(FROM 05/19/2023) 0.30 X 0 0 0 MICHAEL MARCUS TRUSTEE(FROM 09/11/2023) 0.30 X 0 0 0 BOB OLSON TRUSTEE, EXECUTIVE COMMITT 1.00 X 0 0 0 DR JAMES B PICK TRUSTEE, EXECUTIVE COMMITT 1.00 X 0 0 0 KEIKO SAKAMOTO TRUSTEE 0.30 X 0 0 0 CONNIE SPENUZZA TRUSTEE 0.30 X 0 0 0 HAROLD STRUCK TRUSTEE 0.30 X 0 0 0 HEIDI ZUCKERMAN CEO & DIRECTOR 40.00 X 582060 0 8153 LYNNE UYEDA CFO 40.00 X 192915 0 140 COURTENAY FINN CHIEF CURATOR 40.00 X 157827 0 6620 VICKIE BYRD CHIEF HUMAN RESOURCES OFFI 40.00 X 141629 0 895 CARRIE MAURATH DIRECTOR OF SPECIAL PROJEC 40.00 X 108139 0 5506 MEAGAN BURGER DIRECTOR OF LEARNING & ENGAGEMENT 40.00 X 107242 0 5442 HAO NGUYEN DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 104343 0 201 1394155 0 26957 7 0 1 0 FRIEDRICH PETZEL GALLERY INC 520 WEST 25TH STREET NEW YORK NY 10001 ART ACQUISITION 325000 CROZIER FINE ARTS PO BOX 21089 NEW YORK NY 10087 ART SHIPPER 230269 ABM PO BOX 52609 LOS ANGELES CA 90074 JANITORIAL SERVICE 140959 LIASONS CORPORATION 8701 COLLINS AVE 404 MIAMI FL 33154 TRAVEL CONSULTANT 125078 MIXMIX 3333 BEAR STREET UNIT 316 COSTA MESA CA 92626 FOOD & BEVERAGE 124310 7 729850 1604300 5135573 926182 7469723 353606 353606 578848 0 578848 578848 578848 1503284 949805 553479 553479 553479 619746 1604300 499616 120130 120130 8353 8575 -222 -222 9075564 0 0 1605841 590213 295107 147553 147553 3168970 2149148 548109 471713 134880 94597 14050 26233 289250 194138 56245 38867 166763 580 166183 56402 56402 56020 56020 605992 526174 36402 43416 143159 64773 139 78247 1090422 979373 111049 153219 61377 47101 44741 472645 444598 28031 16 128095 119146 1345 7604 1533510 127422 1406088 2724152 2687648 36504 328843 190677 131403 6763 EXHIBITS AND PREVIEWS 793989 793989 BAD DEBT EXPENSE 500000 500000 REPAIRS AND MAINTENANCE 142792 142792 DUES AND SUBSCRIPTIONS 84136 28840 13197 42099 33420 5014 28320 86 13196872 8905393 2884141 1407338 1133332 1125724 182837 103927 21341042 13719983 58888 67376 269401 376992 99446910 3062044 95008403 96384866 9502439 11631100 3158109 3713544 3611843 2917557 134266294 130041069 3592839 1114031 33735146 35664864 3000000 3400000 2560356 1342445 42888341 41521340 X 61221351 61623868 30156602 26895861 91377953 88519729 134266294 130041069 -4121308 1263084 0 X X 0 1 X 1 0 X 5522271 19978962 20126696 16884434 7469723 69982086 49800 16315 87000 125503 119908 398526 5572071 19995277 20213696 17009937 7589631 70380612 974654 4827099 8549130 2385271 1321094 18057248 0 974654 4827099 8549130 2385271 1321094 18057248 52323364 560364 265037 249698 474706 932232 2482037 560364 265037 249698 474706 932232 2482037 6132435 20260314 20463394 17484643 8521863 72862649 0.71810 0.71320 0.03410 0.03960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 14120064 59798 1721973 591037 15310798 14256359 2992884 -2554179 575000 14120064 11351800 1489425 1457887 42753 14256359 12373485 1528315 -2550000 11351800 11091401 2532084 -1250000 12373485 0.04300 0.95700 0 0 2520000 2520000 95018134 2436363 92581771 130777 56947 73830 1716799 507534 1209265 61200 61200 0 96384866 REFUNDABLE ADVANCES 159958 OPERATING LEASE LIABILITY 1182487 1342445 X 10325199 1263084 33996 8575 1305655 9019544 56020 56020 9075564 13183423 33996 8575 42571 13140852 56020 56020 13196872 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. COLLECTIONS OF ART OBJECTS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH; ARE PROTECTED, KEPT UNENCUMBERED AND PRESERVED; AND ARE SUBJECT TO REQUIREMENTS SUCH THAT PROCEEDS FROM SALES OF COLLECTION ITEMS BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR IN TEMPORARILY RESTRICTED NET ASSETS 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 IN THE STATEMENT OF ACTIVITIES. CONTRIBUTIONS OF DONATED ART ARE NOT RECOGNIZED IN THE MUSEUM'S STATEMENT OF ACTIVITIES. PART III, LINE 4: THE MUSEUM'S COLLECTION IS COMPRISED OF OVER 4,500 WORKS OF ART. THE COLLECTION'S FOCUS IS ON MODERN AND CONTEMPORARY ART AND INCLUDES PAINTING, SCULPTURE, PHOTOGRAPHY, DRAWING, PRINTMAKING, VIDEO, DIGITAL, AND INSTALLATION ART PRODUCED DURING THE TWENTIETH AND TWENTY-FIRST CENTURIES. PART V, LINE 4: THE MUSEUM'S ENDOWMENT FUNDS CONSIST OF FUNDS FUNCTIONING AS ENDOWMENT THROUGH (A) DESIGNATION BY THE BOARD, AND (B) DONOR-RESTRICTED ENDOWMENT FUNDS. ENDOWMENT ASSETS INCLUDE DONOR-RESTRICTED FUNDS THAT THE MUSEUM MUST HOLD IN PERPETUITY. THE MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PRESERVE THE REAL PURCHASING POWER OF THE ENDOWMENT FUND AND TO PROVIDE RELATIVELY PREDICTABLE AND STABLE STREAM OF CURRENT INCOME FOR ANNUAL OPERATIONS NEEDS. PART X, LINE 2: THE MUSEUM IS A SECTION 501(C)(3) ORGANIZATION, EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION (A) OF THE U.S. INTERNAL REVENUE CODE (THE "CODE") AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A)(1) OF THE CODE. IN ADDITION, THE STATE OF CALIFORNIA HAS CLASSIFIED THE MUSEUM AS NONPROFIT IN CHARACTER AND AS SUCH, IT IS EXEMPT FROM PAYMENT OF INCOME TAXES TO THE STATE OF CALIFORNIA. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. IN JULY 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED FINANCIAL ACCOUNTING STANDARDS INTERPRETATION NO. 48 ("FIN 48"), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, NOW REFERRED TO AS ACCOUNTING STANDARDS CODIFICATION TOPIC NO. 740 ("ASC 740"). ASC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN TAX RETURNS THAT AFFECT AMOUNTS REPORTED IN AN ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH THE ACCOUNTING FOR INCOME TAXES TOPIC OF ASC 740 (FORMERLY SFAS 109, ACCOUNTING FOR INCOME TAXES). ASC 740 REQUIRES THAT AN ORGANIZATION RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. ASC 740 ALSO PROVIDES GUIDANCE RELATED TO DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE. DURING THE YEAR, THE MUSEUM PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE STATEMENT OF ACTIVITIES OR WHICH MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THE MUSEUM RECOGNIZES POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. DURING THE YEAR, THE MUSEUM DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THE FOLLOWING TABLE SUMMARIZES THE OPEN TAX YEARS FOR EACH MAJOR JURISDICTION: JURISDICTION OPEN TAX YEARS FEDERAL 2020 - 2023 CALIFORNIA 2019 - 2023 PART XI, LINE 2D - OTHER ADJUSTMENTS: RETAIL COST OF GOODS SOLD 8,575. PART XII, LINE 2D - OTHER ADJUSTMENTS: RETAIL COST OF GOODS SOLD 8,575. GALA 1911496 1495000 416496 60978 229871 ART TRAVEL 168550 0 168550 163526 2 144000 109300 34700 11529 33712 2224046 1604300 619746 72507 427109 499616 120130 1 X X X 0 0 0 1 0 0 0 0 0 HEIDI ZUCKERMAN CEO & DIRECTOR 377060 0 205000 0 0 0 0 0 8153 0 590213 0 0 0 LYNNE UYEDA CFO 192915 0 0 0 0 0 0 0 140 0 193055 0 0 0 COURTENAY FINN CHIEF CURATOR 157827 0 0 0 0 0 0 0 6620 0 164447 0 0 0 PART I, LINE 5: HEIDI ZUCKERMAN FORMULAIC BONUS OF $155,000 IN APRIL 2023 AND $50,000 IN OCTOBER 2023. CONSISTENT WITH THE TERMS OF EMPLOYMENT AGREEMENT, THIS ORGANIZATION PAID THIS CEO & DIRECTOR THESE BONUSES BASED ON GIFTS AND PLEDGES SOURCED. A CALIFORNIA ENTERPRISE DEVELOPEMENT AUTHORITY 352273601 2019-10-31 52447500 NEW ART MUSEUM FACILITY 0 0 0 A 16782633 52447500 617100 42448830 2022 0 0 1 1 A 0 1 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 X 20 SEE PART II X 7 926182 0 0 1 PART I, LINE 32B: ORGANIZATION USES CANTERBURY CONSULTING TO SELL THEIR CONTRIBUTED STOCK. PART I, LINE 33: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, ART OBJECTS PURCHASED 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 CATELOGUED, 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. CONTRIBUTED COLLECTION ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 7B ACCORDING TO THE BYLAWS, THE EXECUTIVE COMMITTEE HAS THE ABILITY TO EXECUTE DECISIONS WHEN THE FULL BOARD OF TRUSTEES IS NOT CONVENED. IN MOST CASES, THE BOARD OF TRUSTEES ACTS ON BOARD-LEVEL MATTERS, WHEREVER POSSIBLE, RATHER THAN THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) WAS PROVIDED TO THE ORGANIZATION'S CHAIR OF AUDIT COMMITTEE AND CHAIR OF FINANCE COMMITTEE TO REVIEW AND APPROVE BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. A COPY WILL BE MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO THE E-FILING OF THE INFORMATIONAL RETURN. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULTS OF ARMS LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES; ARE PROPERLY RECORDED; REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES; FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE, WITH BOARD APPROVAL, IS RESPONSIBLE FOR THE DETERMINATION OF COMPENSATION FOR THE DIRECTOR. THIS PROCESS INCLUDES REVIEW OF COMPENSATION DATA FROM COMPARATIVE NON-PROFIT INDUSTRIES WITH SIMILAR OPERATING BUDGETS AS WELL AS RETAINING OUTSIDE LEGAL COUNSEL TO REVIEW ALL WRITTEN COMPENSATION AGREEMENTS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS RETURNS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING ORGANIZATIONAL DOCUMENTS OF THE TAX-EXEMPT ORGANIZATION WILL BE AVAILABLE (FOR INSPECTION OR COPYING) AT THE ORGANIZATION'S MAIN OFFICE DURING NORMAL BUSINESS HOURS AT NO CHARGE: INTERNAL REVENUE SERVICE DETERMINATION LETTER, ARTICLES OF INCORPORATION, AND BY-LAWS. - WHEN RESPONDING TO A PUBLIC INFORMATION REQUEST FOR ANY ORGANIZATIONAL DOCUMENT OR FORM 990 BY ANYONE, THE ORGANIZATION SHALL FULFILL SUCH REQUEST IN A TIMELY FASHION WITHOUT INQUIRING AS TO THE REASON FOR THE PUBLIC INSPECTION REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE, A SUB-COMMITTEE OF THE FINANCE COMMITTEE, REVIEWS AND APPROVES ALL AUDIT ACTIVITY, UP TO AND INCLUDING TAX RETURNS. THIS COMMITTEE WILL BE RESPONSIBLE TO PRESENT ALL REQUIRED DOCUMENTS TO THE BOARD. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART I, LINE 8 CONTRIBUTIONS FOR 2023 WERE REDUCED FROM PRIOR YEARS DUE TO CAPITAL CAMPAIGN BEING COMPLETED. ORANGE COUNTY MUSEUM OF ART FOUNDATION 18111 VON KARMAN AVENUE SUITE 450 IRVINE CA 92612 953322686 INVEST TRUST ASSETS TO GENERATE INCOME TO PAY FOR OCMA EXPENSES CA 501(C)(3) LINE 12C, III-FI ORANGE COUNTY MUSEUM OF ART 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0