2023-05-08T12:11:54-05:00 2022-06-30 951777440 GREEN HASSON & JANKS LLP 700 SOUTH FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2021-07-01 953433820 THE MUSEUM OF CONTEMPORARY ART LOS ANGELES MUSE 2136212766 250 S GRAND AVENUE LOS ANGELES CA 90012 JOY BRATHWAITE CFO 2136212766 2023-05-05 1 JOY BRATHWAITE 999009999 LIZBETH G NEVAREZ P01399868 3108731600 2023-04-27 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JOY BRATHWAITE 250 S GRAND AVENUE LOS ANGELES CA 90012 299803889 0 X WWW.MOCA.ORG X 1979 CA TO ORGANIZE EXHIBITIONS AND PROGRAMS TO ENHANCE PUBLIC KNOWLEDGE AND APPRECIATION OF THE ART. 36 35 206 38 9795 0 12016145 12905618 133820 642506 2353532 14283089 724130 1129628 15227627 28960841 0 0 0 0 7306940 9120197 0 0 1680610 7694029 11563934 15000969 20684131 226658 8276710 217234100 206807115 4485105 2792468 212748995 204014647 X THE MUSEUM OF CONTEMPORARY ART WAS FOUNDED IN 1979 TO COLLECT, EXHIBIT, INTERPRET, AND PRESERVE CONTEMPORARY ART FOR THE PUBLIC BENEFIT, TO ENHANCE ACCESSIBILITY, TO FURTHER PUBLIC UNDERSTANDING AND APPRECIATION OF CONTEMPORARY ART, AND TO ENCOURAGE ONGOING CREATIVE ACTIVITY THE MUSEUM ORGANIZES DIVERSE EXHIBITIONS AND PROGRAMS TO ENHANCE PUBLIC KNOWLEDGE AND APPRECIATION OF THE ART OF OUR TIME. 0 0 5925563 0 1062467 CURATORIAL AND EXHIBITION PROGRAMS: MOCA CONTINUED ITS DYNAMIC EXHIBITION PROGRAM WHEN THE MUSEUM REOPENED TO THE PUBLIC IN JUNE 2021 FOLLOWING A CLOSURE DUE TO THE COVID 19 PANDEMIC. DURING THE YEAR ENDING JUNE 30, 2022, THE PERMANENT COLLECTION EXHBITIONS "OUR HOUSE: SELECTIONS FROM MOCA'S COLLECTION," "MAKING SPACE: RECENT PHOTOGRAPHY ACQUISITIONS, AND "EVIDENCE: SELECTIONS FROM THE COLLECTION" FEATURED ARTWORKS FROM THE MUSEUM'S RENOWNED COLLECTION OF ALMOST 8,000 CONTEMPORARY ARTWORKS FROM 1940 TO THE PRESENT BY ESTABLISHED AND EMERGING ARTISTS. MOCA ALSO PRESENTED THE FIRST WEST COAST SOLO EXHIBITIONS OF THE ARTISTS JENNIFER PACKER AND PIPILOTTI RIST. MOCA ALSO PRESENTED A ROBUST SCHEDULE OF PERFORMANCES AND PUBLIC PROGRAMS INCLUDING CHARLES GAINES & ENSEMBLE; WEIRDO NIGHT: HOSTED BY DYNASTY HANDBAG; HIVE RISE; BLACKSTAR X MOCA; ETERNAL SPA ORGANIZED WITH QNA; GOD PARTICLE QUARTET; HI SOLO #11, ORGANIZED WITH ALEXSA DURRANS AND MILES BRENNINKMEIJER; MEMORYMATERIAL; MUSIC/THEORY, ORGANIZED WITH MANDY HARRIS WILLIAMS; AND SUN & SEA. 4011870 0 0 BUILDING OPERATIONS AND SECURITY:THE MOCA BUILDING, DESIGNED BY CELEBRATED JAPANESE ARCHITECT ARATA ISOZAKI, AND THE GEFFEN CONTEMPORARY BUILDING, SUBTLY RENOVATED BY RENOWNED CALIFORNIA ARCHITECT FRANK GEHRY, ARE MAINTAINED AND SECURED TO ENSURE THE MOST BENEFICIAL AND ENJOYABLE EXPERIENCE FOR THE VISITING PUBLIC. IN CONSULTATION WITH ITS ENVIRONMENTAL COUNCIL AND ADVISORS, MOCA HIRED A SUSTAINABILITY CONSULTANT. THROUGH THE MUSEUM'S SUSTAINABILITY EFFORTS AND ENVIRONMENTALLY FOCUSED PROGRAMMING, MOCA FURTHERED ITS COMMITMENTS IN THESE AREAS. 2189565 0 0 PUBLIC AFFAIRS/INFORMATION: A VARIETY OF PROMOTIONAL, ADVERTISING, AND PUBLIC ANNOUNCEMENTS WERE PRODUCED BY MOCA'S COMMUNICATIONS DEPARTMENT TO INFORM THE PUBLIC OF MOCA'S ACTIVITIES AND DISSEMINATE INFORMATION RELATING TO CONTEMPORARY ART. THESE ACTIVITIES INCLUDED ROBUST MARKETING, PUBLIC RELATIONS EFFORTS, SOCIAL MEDIA CAMPAIGNS, AND DIGITAL OFFERINGS. THESE EFFORTS WERE MADE IN CORRELATION WITH PUBLICIZING THE MUSEUM'S EXHIBITIONS, PROGRAMMING, LIKENESS, AND INSTITUTIONAL MESSAGING EFFORTS OF MOCA. 806383 0 1600 EDUCATION PROGRAMS: MOCA IS COMMITTED TO PROVIDING THE EDUCATIONAL EXPERIENCES TO MAXIMIZE ACCESS AND INCLUSION IN THE ARTS. IN-PERSON PROGRAMMING RETURNED THIS YEAR, WITH AN ADDITIONAL VIRTUAL TRACK FOR TEACHERS AND SCHOOLS. IN-DEPTH PROGRAMS INCLUDE CONTEMPORARY ART START (PROFESSIONAL DEVELOPMENT FOR TEACHERS AND GUIDED VISITS FOR STUDENTS, AS WELL AS CLASSROOM-BASED COACHING) AND A NATIONALLY RECOGNIZED TEEN PROGRAM THAT HOSTS AN ANNUAL TEEN NIGHT. OTHER OFFERINGS ORGANIZED BY MULTIPLE MUSEUM DEPARTMENTS INCLUDED WORKSHOPS AND GUIDES FOR FAMILIES, PANEL DISCUSSIONS, STUDIO VISITS, AND ARTIST TALKS. 806383 0 1600 12933381 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 73 0 1 206 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JOY E BRATHWAITE CFO 2136212766 250 SOUTH GRAND AVE LOS ANGELES CA 90012 KLAUS BIESENBACH DIRECTOR (UNTIL 10/21) 40.00 X X 766835 0 13063 JOHANNA BURTON DIRECTOR (AS OF 11/21) 40.00 X X 127199 0 373 MARIA SEFERIAN CHAIR 1.00 X X 0 0 0 CAROLYN POWERS PRESIDENT 1.00 X X 0 0 0 EUGENIO LOPEZ VICE CHAIR 1.00 X X 0 0 0 HEATHER PODESTA SECRETARY 1.00 X X 0 0 0 CAROL APPEL TRUSTEE 1.00 X 0 0 0 MARK BRADFORD TRUSTEE 1.00 X 0 0 0 ADRIAN CHENG TRUSTEE 1.00 X 0 0 0 CHRISTINA QUARLES TRUSTEE 1.00 X 0 0 0 KATHI B CYPRES TRUSTEE 1.00 X 0 0 0 CLIFFORD J EINSTEIN TRUSTEE 1.00 X 0 0 0 MARINA KELLEN FRENCH TRUSTEE (UNTIL 11/21) 1.00 X 0 0 0 THE HONORABLE ERIC GARCETTI TRUSTEE 1.00 X 0 0 0 SUSAN GERSH TRUSTEE 1.00 X 0 0 0 SHARI GLAZER TRUSTEE 1.00 X 0 0 0 LAURENCE GRAFF TRUSTEE 1.00 X 0 0 0 MARK GROTJAHN TRUSTEE 1.00 X 0 0 0 BARBARA KRUGER TRUSTEE 1.00 X 0 0 0 WONMI KWON TRUSTEE 1.00 X 0 0 0 MAURICE MARCIANO TRUSTEE 1.00 X 0 0 0 MARY KLAUS MARTIN TRUSTEE 1.00 X 0 0 0 SEAN PARKER TRUSTEE 1.00 X 0 0 0 CHARA SCHREYER TRUSTEE 1.00 X 0 0 0 TERRI SMOOKE TRUSTEE 1.00 X 0 0 0 JEFFREY SOROS TRUSTEE 1.00 X 0 0 0 JULIA STOSCHEK TRUSTEE (UNTIL 12/21) 1.00 X 0 0 0 CHRISTOPHER WALKER TRUSTEE 1.00 X 0 0 0 ORNA AMIR WOLENS TRUSTEE 1.00 X 0 0 0 COUNCIL PRESIDENT NURY MARTINEZ TRUSTEE 1.00 X 0 0 0 CARLO TRAGLIO TRUSTEE 1.00 X 0 0 0 DEBORAH IRMAS TRUSTEE 1.00 X 0 0 0 KARYN KOHL TRUSTEE 1.00 X 0 0 0 NANCY KWON MERRIHEW TRUSTEE 1.00 X 0 0 0 ADAM NATHANSON TRUSTEE 1.00 X 0 0 0 FRANK J QUINTERO TRUSTEE 1.00 X 0 0 0 ARIEL EMANUEL TRUSTEE (UNTIL 8/21) 1.00 X 0 0 0 CORINNE OPMAN TRUSTEE (FROM 5/22) 1.00 X 0 0 0 JENNIFER HAWKS DJAWADI TRUSTEE (FROM 5/22) 1.00 X 0 0 0 PETE SCANTLAND TRUSTEE (FROM 2/22) 1.00 X 0 0 0 JOY BRATHWAITE CFO 40.00 X 234408 0 32570 SAMUEL VASQUEZ DEPUTY DIRECTOR OF ADVANCEMENT (UNTIL 1/23) 40.00 X 248713 0 8296 AMY SHAPIRO DEPUTY DIRECTOR (UNTIL 2/22) 40.00 X 298749 0 8870 JILL DAVIS SENIOR DIR., EXHIBITIONS & COLLECTIONS/COO 40.00 X 172919 0 24862 BENNETT SIMPSON SR. CURATOR DIR. OF ACQUISITIONS COLLECTIONS 40.00 X 144629 0 9185 SERGIO RAMIREZ DIRECTOR, SECURITY & MAINT 40.00 X 137744 0 12229 CATHERINE ARIAS DIRECTOR OF EDUCATION & VISITOR ENGAGEMENT 40.00 X 134688 0 22631 PATRICK W WEBER DIRECTOR OF OPERATIONS & SUSTAINABILITY OPERATIONS 40.00 X 132330 0 17742 MELANIE SIRISOMA CHIEF OF STAFF TO THE DIRECTOR 40.00 X 127987 0 7259 2526201 0 157080 13 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICES 1191099 ALLIED UNIVERSAL JANITORIAL SERVICES 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 JANITORIAL SERVICES 370607 ART MOVERS INC 3124 E 11TH STREET LOS ANGELES CA 90023 SHIPMENT AND FREIGHT 333127 US ART COMPANY INC 78 PACELLA PARK DRIVE RANDOLPH MA 02368 ARTWORK SHIPPING & STORAGE 238289 CROZIER FINE ARTS INC 525 W 20TH STREET NEW YORK NY 10011 ARTWORK SHIPPING & STORAGE 220660 9 589172 1707203 1752282 8856961 3781668 12905618 ADMISSIONS 900099 621429 621429 REPRODUCTION FEES 900099 9899 9899 LOAN FEES 900099 9578 9578 WORKSHOP FEES 900099 1600 1600 642506 502272 9795 492477 220062 220062 409708 0 409708 409708 409708 282908368 269127551 13780817 13780817 13780817 1197512 1707203 1197512 0 939546 517985 421561 421561 OTHER INCOME 900099 78297 78297 78297 28960841 1064067 9795 14981361 X 2087417 1215078 672420 199919 5945798 3461028 1915320 569450 531497 309383 171211 50903 555485 323346 178938 53201 398586 398586 109315 109315 386221 386221 2217751 731242 1189714 296795 261848 260591 1257 249379 105679 131064 12636 262799 88021 97704 77074 1780607 1737171 766 42670 239746 136209 42705 60832 21255 9007 11171 1077 76577 76577 415539 415539 567174 399952 166078 1144 SECURITY 1420129 1405469 1260 13400 EXHIBITION PRODUCTION E 933334 879065 21740 32529 STORAGE 918831 907405 11025 401 EXHIBITION SHIPPING, CR 522068 515576 6264 228 782775 449159 65265 268351 20684131 12933381 6070140 1680610 12923868 12222392 12547899 12230137 10607987 8203597 26480 5998 3902422 3773235 199991 235321 35467258 31393030 3950516 4074228 17455256 17543007 153828616 146020601 19380 19380 1771685 2479219 217234100 206807115 1594262 1919478 155756 6956 1010915 866034 1724172 0 4485105 2792468 X 21191948 21279972 191557047 182734675 212748995 204014647 217234100 206807115 X 8276710 -16091404 -919654 X 0 1 X 1 0 X 10406345 21728928 18283908 12016145 12905618 75340944 10406345 21728928 18283908 12016145 12905618 75340944 17356620 57984324 855065 1397606 1872942 33191 1132042 5290846 90466 90466 142063 139784 178383 139166 78297 677693 81399949 12667618 0.71230 0.72020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 256600 X X X X 1 168816636 805754 -1240390 6500000 161882000 131181615 43568566 5933545 168816636 135616340 266658 1328530 6029913 131181615 136236673 27089 4917578 5565000 135616340 131541191 430146 8865336 4600000 136236673 0.75904 0.24096 0 0 100000 100000 24516814 23612089 904725 9784099 7064068 2720031 902877 716873 186004 163468 163468 4074228 COMMINGLED FUNDS 94434835 F ALTERNATIVE INVESTMENTS 22418989 F PRIVATE INVESTMENTS 29166777 F 146020601 X 12723674 -16091404 240458 -15850946 28574620 386221 386221 28960841 20297910 0 20297910 386221 386221 20684131 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. 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 CATALOGUED, 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 OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS 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. DEACCESSION PROCEEDS ARE REQUIRED BY MUSEUM POLICY TO BE APPLIED TO THE ACQUISITION OF WORKS OF ART FOR THE PERMANENT COLLECTION. THE MUSEUM PURCHASED COLLECTION ITEMS IN THE AMOUNT OF $1,160,112 DURING THE YEAR ENDED JUNE 30, 2022. THE MUSEUM DID NOT DEACCESSION ANY COLLECTION ITEMS DURING THE YEAR ENDED JUNE 30, 2022. PART III, LINE 4: MOCA CONTINUED ITS DYNAMIC EXHIBITION PROGRAM WHEN THE MUSEUM REOPENED TO THE PUBLIC IN JUNE 2021 FOLLOWING A CLOSURE DUE TO THE COVID 19 PANDEMIC. DURING THE YEAR ENDING JUNE 30, 2022, THE PERMANENT COLLECTION EXHBITIONS "OUR HOUSE: SELECTIONS FROM MOCA'S COLLECTION," "MAKING SPACE: RECENT PHOTOGRAPHY ACQUISITIONS, AND "EVIDENCE: SELECTIONS FROM THE COLLECTION" FEATURED ARTWORKS FROM THE MUSEUM'S RENOWNED COLLECTION OF ALMOST 8,000 CONTEMPORARY ARTWORKS FROM 1940 TO THE PRESENT BY ESTABLISHED AND EMERGING ARTISTS. MOCA ALSO PRESENTED THE FIRST WEST COAST SOLO EXHIBITIONS OF THE ARTISTS JENNIFER PACKER AND PIPILOTTI RIST. MOCA ALSO PRESENTED A ROBUST SCHEDULE OF PERFORMANCES AND PUBLIC PROGRAMS INCLUDING CHARLES GAINES & ENSEMBLE; WEIRDO NIGHT: HOSTED BY DYNASTY HANDBAG; HIVE RISE; BLACKSTAR X MOCA; ETERNAL SPA ORGANIZED WITH QNA; GOD PARTICLE QUARTET; HI SOLO #11, ORGANIZED WITH ALEXSA DURRANS AND MILES BRENNINKMEIJER; MEMORYMATERIAL; MUSIC/THEORY, ORGANIZED WITH MANDY HARRIS WILLIAMS; AND SUN & SEA. PART V, LINE 4: THE OVERALL FINANCIAL OBJECTIVES OF THE ENDOWMENT ARE (1) TO SUPPORT THE CURRENT AND FUTURE OPERATIONS OF THE MUSEUM WITH A TARGETED MAXIMUM 5% ANNUAL PAYOUT AND (2) TO PRESERVE AND ENHANCE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER OF THE ENDOWMENT WITH TARGETED REAL PORTFOLIO GROWTH OF AT LEAST 2% ON AN AVERAGE ANNUALIZED BASIS OVER THE LONG TERM. PART X, LINE 2: THE MUSEUM RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED JUNE 30, 2022, THE MUSEUM PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PROVISION FOR UNCOLLECTIBLE PLEDGES RECEIVABLE 240,458. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS (SEE PART V) 87049324 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 666788 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 9701190 0 0 0 0 0 0 97417302 0 97417302 1 0 1 0 1 0 PART III ACCOUNTING METHOD: FORM 990, PART I, LINE 3: AMOUNTS REPORTED ARE FOR INVESTMENT FUNDS DOMICILED IN CENTRAL AMERICA AND CARIBBEAN. MOCA GALA 2022 2904715 1707203 1197512 71633 235032 75000 815847 2904715 1707203 1197512 71633 235032 75000 815847 1197512 0 X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 KLAUS BIESENBACH DIRECTOR (UNTIL 10/21) 670836 0 0 0 95999 0 0 0 13063 0 779898 0 0 0 AMY SHAPIRO DEPUTY DIRECTOR (UNTIL 2/22) 288691 0 0 0 10058 0 0 0 8870 0 307619 0 0 0 JOY BRATHWAITE CFO 224730 0 0 0 9678 0 0 0 32570 0 266978 0 0 0 SAMUEL VASQUEZ DEPUTY DIRECTOR OF ADVANCEMENT (UNTI 239088 0 0 0 9625 0 0 0 8296 0 257009 0 0 0 JILL DAVIS SENIOR DIR., EXHIBITIONS & COLLECTIO 163728 0 0 0 9191 0 0 0 24862 0 197781 0 0 0 CATHERINE ARIAS DIRECTOR OF EDUCATION & VISITOR ENGA 126306 0 0 0 8382 0 0 0 22631 0 157319 0 0 0 BENNETT SIMPSON SR. CURATOR DIR. OF ACQUISITIONS COL 138297 0 0 0 6332 0 0 0 9185 0 153814 0 0 0 PATRICK W WEBER DIRECTOR OF OPERATIONS & SUSTAINABIL 126974 0 0 0 5356 0 0 0 17742 0 150072 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE AND FIRST-CLASS TRAVEL WERE PROVIDED TO THE TWO DIRECTORS OF THE ORGANIZATION. THE BENEFIT WAS REPORTED AS TAXABLE COMPENSATION. X 10 0 NA X 11 3781668 FMV 10 0 1 1 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF DONORS. PART I, LINE 32B: STOCK BROKER IS CONTRACTED TO LIQUIDATE STOCK. PART I, LINE 33: THE MUSEUM'S ART COLLECTION HAS BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTION, WHICH CONFORMS TO THE PREDOMINANT PRACTICE FOLLOWED IN THE INDUSTRY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS DECREASES IN TEMPORARILY OR PERMANENTLY 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. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIRPERSON(S) OF THE BOARD, THE PRESIDENT OF THE BOARD, THE VICE CHAIRPERSON OF THE BOARD, THE CHAIRPERSON OF THE FINANCE COMMITTEE, THE SECRETARY AND SUCH OTHER TRUSTEES AS MAY BE NOMINATED AND ELECTED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL, SUBJECT TO THE LIMITATIONS SET FORTH IN SECTION 16 OF THE BYLAWS, EXERCISE ALL THE POWER AND AUTHORITY OF THE BOARD WHEN ACTING DURING INTERVALS BETWEEN BOARD MEETINGS. THE VOTE OF A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE REQUIRED TO TAKE ANY ACTION OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 WONMI KWON AND NANCY KWON MERRIHEW ARE BOTH VOTING MEMBERS AND HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CFO AND DIRECTOR. ONCE APPROVED BY THE DIRECTOR, THE FORM IS DISTRIBUTED FIRST TO THE AUDIT COMMITTEE OF THE BOARD FOR APPROVAL, THEN TO THE REST OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE ADDRESSED IN THE MUSEUM'S STATEMENT OF ETHICAL PRINCIPLES. EACH SERVING TRUSTEE, OFFICER AND MEMBER OF SENIOR STAFF IS REQUIRED TO REVIEW ANNUALLY THE RULES AND PROCEDURES OF THE ETHICS COMMITTEE AND THE STATEMENT OF ETHICAL PRINCIPLES, AND THEN SUBMIT A COMPLETED MEMORANDUM OF DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 WHEN HIRING OTHER OFFICERS OR KEY EMPLOYEES, A COMPENSATION SURVEY TO COMPARABLE POSITIONS OR A STUDY IS PERFORMED TO DETERMINE THE POSSIBLE COMPENSATION RANGE FOR CANDIDATES. THIS COMPENSATION STUDY IS COMPLETED WITH INPUT FROM MANY SOURCES, INCLUDING OTHER INSTITUTIONS' FORM 990. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 731,242. MANAGEMENT AND GENERAL EXPENSES 1,189,714. FUNDRAISING EXPENSES 296,795. TOTAL EXPENSES 2,217,751. FORM 990, PART XI, LINE 9: CHANGE IN PROVISION FOR UNCOLLECTIBLE PLEDGES RECEIVABLE 240,458. COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -1,160,112. MOCA TV LLC 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 900776531 ENTERTAINMENT CA MUSEUM OF CONTEMPORARY ART