2024-11-12T17:48:08-06:00 2023-12-31 911194016 CLARK NUBER PS 10900 NE 4TH ST SUITE 1400 BELLEVUE WA 98004 990PF 2023-01-01 273032164 THE BROAD THEB 2132326220 221 S GRAND AVE LOS ANGELES CA 90012 JESSE CASSO JR TREASURER 2132326283 2024-11-12 1 1 JENNIFER BECKER HARRIS P00183358 4254544919 2024-11-12 2023 2024-10-15 13:58:12Z X X 547961154 X 5255535 1020769 1020769 1020769 613318 613318 613318 233848 0 0 4574632 2168138 2406494 2406494 19572236 0 8009711 28868352 1634087 12050292 775188 0 0 775188 6927236 27041 3124032 3803204 1025455 0 278754 746701 182491 0 0 182491 85976 4299 6123 79853 6445455 9048 2414170 4031285 1181023 0 0 1181023 29838 17777 17777 12061 4613952 205128 1369205 822316 0 100181 722135 502946 0 0 502946 42735 0 0 42735 10745238 125000 2522544 5361395 33379849 388293 9832786 17441017 0 0 33379849 388293 9832786 17441017 -4511497 1245794 2217506 820557 169372 169372 26101611 29238753 29238753 74217 1188878 74217 74217 357650122 364087597 357650122 357650122 1465528 1245453 1245453 495237 380891 380891 8000000 233333 7966667 7766667 11000000 183170453 36834195 149144778 146336258 146336258 1862876 1866088 1866088 553133729 544727821 547961154 5429715 6144781 141659349 137049872 468925 468925 147557989 143663578 X 405575740 401064243 405575740 401064243 553133729 544727821 405575740 -4511497 0 401064243 0 401064243 17317 0 17317 0 17317 27039 0 0 0 27039 X 0 9722 9722 0 0 0 0 0 0 0 0 0 1 1 0 1 1 CA 1 1 0 0 0 1 WWW.THEBROAD.ORG DAVID JUAREZ 2132326220 221 S GRAND AVE LOS ANGELES CA 90012 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JOANNE HEYLER 221 S GRAND AVE LOS ANGELES CA 90012 PRESIDENT, DIRECTOR, FOUNDING DIRECTOR 40.00 400000 27750 0 DEBORAH KANTER 221 S GRAND AVE LOS ANGELES CA 90012 SECRETARY, LEGAL COUNSEL 5.00 259600 0 0 ALYSA GERLACH 221 S GRAND AVE LOS ANGELES CA 90012 TREASURER, COO 40.00 375188 51141 0 KELLY BEREN 221 S GRAND AVE LOS ANGELES CA 90012 ASSISTANT TREASURER (PART YEAR) 5.00 102812 4312 0 ROBERT H TUTTLE 221 S GRAND AVE LOS ANGELES CA 90012 CHAIRMAN, DIRECTOR 5.00 0 0 0 JAY WINTROB 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR 1.00 0 0 0 BRUCE KARATZ 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR 1.00 0 0 0 TOM CAMPBELL 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR 1.00 0 0 0 SHERRY LANSING 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR 1.00 0 0 0 EDYTHE L BROAD 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR 1.00 0 0 0 SUZANNE NORA JOHNSON 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR 1.00 0 0 0 JESSE CASSO JR 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR 1.00 0 0 0 MICHAEL V DRAKE 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR 1.00 0 0 0 MONICA C LOZANO 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR 1.00 0 0 0 WILLIAM R HUDSON IV 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR OF RETAIL O 40.00 283425 39411 0 EDWARD PATUTO 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR OF AUDIENCE 40.00 191328 47359 0 ELYSE HUSTEAD 221 S GRAND AVE LOS ANGELES CA 90012 CHIEF STRATEGY OFFIC 40.00 180487 7437 0 RICHARD MITCHELL 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR OF FACILITI 40.00 154450 29498 0 JEANNINE GUIDO 221 S GRAND AVE LOS ANGELES CA 90012 DIRECTOR OF MUSEUM O 40.00 127305 45660 0 27 CALIFORNIA PROTECTION & INVESTIGATION SERVICES 1525 AVIATION BLVD 243 REDONDO BEACH CA 90278 SECURITY 3102479 FAMILY OFFICE FINANCIAL SERVICES 300 S GRAND AVENUE STE 1800 LOS ANGELES CA 90071 ADMINISTRATIVE SERVICES 806455 ABM ONSITE SERVICES PO BOX 52609 LOS ANGELES CA 90074 JANITORIAL 739322 MATT CONSTRUCTION 9814 NORWALK BOULEVARD SANTA FE SPRINGS CA 90670 CONSTRUCTION 721850 ALLIED ADVERTISING LIMITED PARTNERSHIP 55 CAMBRIDGE PKWY STE 200 CAMBRIDGE MA 02142 ADVERTISING 550976 23 THE BROAD MUSEUM, WHICH HAS 50,000 SQUARE FEET OF PUBLIC EXHIBITION SPACE, 21,000 SQUARE FEET OF COLLECTION STORAGE SPACE, AND A 200-PERSON PUBLIC LECTURE HALL, IS HOME TO THE MORE THAN 2,000 WORKS OF CONTEMPORARY ART IN THE BROAD COLLECTIONS. SINCE IT OPENED IN SEPTEMBER 2015, THE BROAD HAS OFFERED FREE GENERAL ADMISSION, AND HAS ATTRACTED A DIVERSE AUDIENCE OF NEARLY 5.38 MILLION VISITORS THROUGH 2023. IN ADDITION, THE BROAD PRESENTS A RANGE OF PUBLIC PROGRAMS FAMILY WORKSHOPS, FILM, LECTURES, AND PERFORMANCES ABOUT THE COLLECTIONS AND PROMOTES THE CULTURAL AND CIVIC VITALITY OF LOS ANGELES BY PROVIDING A PUBLIC OUTDOOR PLAZA AND A CONVENIENT PARKING GARAGE TO FACILITATE GREATER ENGAGEMENT OF THE PUBLIC WITH DOWNTOWN LOS ANGELES. 32034722 0 0 27086728 8000000 35086728 0 0 35086728 526301 34560427 1728021 X 17441017 0 5983784 23424801 2010-05-28 X 1728021 1370347 829470 179896 4107734 1468818 1164795 705050 152912 3491574 23424801 20976079 20039549 23853274 88293703 0 0 0 0 0 23424801 20976079 20039549 23853274 88293703 0 0 1152014 913565 706939 692754 3465272 0 0 0 0 X 0 0 EXHIBITS, TICKETED PROG. 4790270 PROGRAM-RELATED SERVICES 450000 14 1020769 16 233848 459420 180919 2225575 MUSEUM PARKING 03 2642387 GAAP DISCOUNT ON PLEDGES 11562524 REIMBURSEMENTS 27055 OTHER MISC. EXEMPT REVENUE 100000 180919 3897004 19155424 23233347 1A SPECIAL EXHIBITIONS, ART TALKS AND GROUP TICKETS PROVIDE EDUCATION AND ACCESS TO WORLD-CLASS CONTEMPORARY ART. 10 PROMOTION OF ACCESS TO CONTEMPORARY ART 11B GAAP DISCOUNT ON CURRENT YEAR PLEDGES 11C REIMBURSEMENTS FOR MUSEUM QUALIFYING DISTRIBUTIONS 11D OTHER MISC. EXEMPT REVENUE 0 0 0 0 0 0 0 0 0 0 X X 1 THE ELI AND EDYTHE BROAD FOUNDATION 300 SOUTH GRAND AVENUE STE 1800 LOS ANGELES CA 90071 3605138 X 2 EAST WEST BANK 135 N LOS ROBLES AVENUE PASADENA CA 91101 1044796 X 3 INSTITUTE OF MUSEUM AND LIBRARY SERVICES 955 LENFANT PLAZA NORTH SW STE 4000 WASHINGTON DC 20024 328051 X 4 ROBERT GORE RIFKIND FOUNDATION PO BOX 69216 WEST HOLLYWOOD CA 90069 20000 X 5 THE J PAUL GETTY TRUST 1200 GETTY CENTER DRIVE 401 LOS ANGELES CA 90049 207550 X 6 ELLSWORTH KELLY FOUNDATION PO BOX 220 SPENCERTOWN NY 12165 50000 X AUDIT AND TAX 85976 4299 6123 79853 OTIUM BUILDING 2022-11-01 8000000 33333 SL 39.000000000000 205128 205128 205128 CONTRIBUTION RECONCILIATION, PT 1, LINE 1 & SCH B 990PF, PART 1, LINE 1 CONTRIBUTIONS, GIFTS AND GRANTS RECEIVED ON PART 1, LINE 1 AND SCHEDULE B REFLECT 2023 ACCRUAL CONTRIBUTIONS WITHOUT REGARD TO THE DISCOUNT OF $11,562,524. THE DISCOUNT IS REFLECTED ON PART 1, LINE 11. DONATIONS RECEIVED IN 2023 (CASH BASIS) WERE $23,255,535. FORM 990PF, PART VII-B, LINE 1A(3) AND 1A(4) STATEMENTS REGARDING ACTIVITIES FOR WHICH FORM 4720 MAY BE REQUIREDPART VII-B, LINE 1A(3)THERE ARE DISQUALIFIED PERSONS WHO FURNISH THE FOUNDATION WITH IN-KIND SERVICES AND USE OF FACILITIES IN ORDER TO GOVERN THE FOUNDATION'S CHARITABLE ACTIVITIES. THE SERVICES AND USE OF THE FACILITY ARE PROVIDED FREE OF CHARGE. THESE ACTIVITIES ARE NOT AN ACT OF SELF-DEALING AS CODIFIED IN IRC SECTION 4941(D)(2)(C).PART VII-B, LINE 1A(4)KELLY BEREN'S COMPENSATION WAS PART OF THE FEES CHARGED BY FAMILY OFFICE FINANCIAL SERVICES, LLC (FOFS). THE PORTION OF FEES CHARGED BY FOFS FOR KELLY'S COMPENSATION WAS BASED ON AN ALLOCATION OF TIME THAT KELLY DEVOTED TO THE BROAD.DEBORAH KANTER, AS SECRETARY OF THE BROAD, IS A DISQUALIFIED PERSON. IN 2023, MS. KANTER WAS PAID $259,600 FOR LEGAL SERVICES. HER FEES HAVE BEEN REVIEWED BY INDEPENDENT BOARD MEMBERS AND HAVE BEEN DEEMED REASONABLE AND NECESSARY TO CARRY OUT THE ORGANIZATION'S EXEMPT PURPOSE. FORM 990PF, PART VII, LINE 1 AND 3 PER THE FORM INSTRUCTIONS, AN ALLOCATION OF DIRECTORS AND OFFICERS COMPENSATION HAVE BEEN DISCLOSED ON PART VII, LINE 1 WHICH ARE PAID BY THE FOUNDATION TO FAMILY OFFICE FINANCIAL SERVICES THROUGH A SERVICES AGREEMENT. THE COMPENSATION IS FOR SERVICES THE DIRECTORS AND OFFICERS PROVIDE TO THE FOUNDATION SEPARATE FROM THEIR DUTIES AS DIRECTORS OR OFFICERS. NO ADJUSTMENTS HAVE BEEN MADE TO THE AMOUNTS ON PART I LINE 13 OR PART VII LINE 3. PLAZA BUILDING 8000000 233333 7766667 11000000 BUILDING 164330029 34714880 129615149 129615149 FURNITURE AND FIXTURES 1055884 971297 84587 84587 COMPUTERS AND EQUIPMENT 1803856 929964 873892 873892 SOFTWARE 253270 218054 35216 35216 CONSTRUCTION IN PROGRESS 2531661 0 2531661 2531661 LAND 13195753 0 13195753 13195753 LEGAL 182491 0 0 182491 THE CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK NONE 150000000 137049872 2021-05 2031-06 10 YR @ 5%, PAYABLE SEMI-ANNUALLY, EFF YLD 0.903% 5.000000000000 SECURITY INTEREST IN $161,000,000 OF GROSS CONTRIBUTIONS RECEIVABLE DESIGN, DEVELOPMENT AND CONSTRUCTION OF MUSEUM PROJECT TAX EXEMPT BOND PROCEEDS 150839049 PROGRAM RELATED INVESTMENT 1862876 1862876 1862876 OTHER ASSETS 0 3212 3212 BANK FEES 131906 0 127754 4152 TECHNOLOGY 340992 0 0 340992 BOND COSTS 11320 0 0 11320 ENTERTAINMENT AND PROMOTION 1442220 0 129051 1313169 ART EXPENSES 1663619 0 0 1663619 REPAIRS & MAINTENANCE 1760567 0 81278 1679289 OFFICE EXPENSE 314751 0 43535 271216 INSURANCE 727112 0 3276 723836 PARKING 1313968 0 1313679 289 LICENSING 90676 0 0 90676 ACCRUAL TO CASH ADJUSTMENT 0 0 0 -1563177 EXHIBITION TOUR FEES 90800 0 0 90800 BAD DEBT EXPENSE 691668 0 691668 0 WRITE-OFF ON CIP 1298122 0 0 0 SUPPLIES 415508 0 4380 411128 BUSINESS GIFTS 1676 0 963 713 DUES AND SUBSCRIPTIONS 322007 0 1960 320047 FSA FEES 696 0 0 696 POSTAGE 2630 0 0 2630 BAD DEBT EXPENSE - RENTAL 125000 125000 125000 0 EXHIBITS, TICKETED PROG. 4790270 0 4790270 PROGRAM-RELATED SERVICES 450000 450000 MUSEUM PARKING 2642387 0 2642387 GAAP DISCOUNT ON PLEDGES 11562524 0 REIMBURSEMENTS 27055 0 27054 OTHER MISC. EXEMPT REVENUE 100000 0 100000 INTEREST PAYABLE 468925 468925 PROGRAM RELATED FEES 610952 0 3375 607577 OTHER PROF FEES 1226052 0 0 1226052 CLEANING FEES 624230 0 34406 589824 MUSEUM SECURITY 3078002 0 2335539 742463 PUBLIC RELATIONS 177243 0 8431 168812 SERVICE FEES 724452 4524 27895 696557 SERVICE FEES - RENTAL 4524 4524 4524 0 FEDERAL 10000 0 0 10000 STATE 2061 0 0 2061 TAXES - OTHER RENTAL 17777 17777 17777 0