2022-04-01T11:51:22-05:00 2021-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2020-07-01 954217197 ARMAND HAMMER MUSEUM OF ART AND CULTURAL CENTER INC ARMA 3104437058 10899 WILSHIRE BLVD LOS ANGELES CA 900244314 MICHAEL HARRISON DEPUTY DIR FIN 3104437058 2022-03-31 1 MICHAEL HARRISON 999009999 DAVID M HIGHFILL P01517891 2139724000 2022-03-31 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANN PHILBIN 10899 WILSHIRE BLVD LOS ANGELES CA 900244314 25481275 0 X HTTP://WWW.HAMMER.UCLA.EDU X 1989 CA THE HAMMER MUSEUM AT UCLA BELIEVES IN THE PROMISE OF ART AND IDEAS. (SEE SCHEDULE O)TO ILLUMINATE OUR LIVES AND BUILD A MORE JUST WORLD. 22 19 367 0 7261 0 26173654 16011562 574031 58343 103103 9788425 188761 130039 27039549 25988369 0 0 0 0 14018311 12230493 0 0 2481639 15799213 13760945 29817524 25991438 -2777975 -3069 291465935 321317525 16970440 13969745 274495495 307347780 X THE HAMMER MUSEUM AT UCLA BELIEVES IN THE PROMISE OF ART AND IDEAS TO ILLUMINATE OUR LIVES AND BUILD A MORE JUST WORLD. 0 1 15646473 58343 EXHIBITIONS, PUBLICATIONS & COLLECTIONS: THE MUSEUM PRESENTS CONTEMPORARY AND HISTORICAL ART IN ALL MEDIA IN A ROTATING EXHIBITION PROGRAM THAT PRESENTS 10-15 EXHIBITIONS AND PUBLISHES 2-6 BOOKS EACH YEAR. THE MUSEUM CLOSED TO THE PUBLIC FOR AN EXTENDED PERIOD DURING FISCAL YEAR 2021, ULTIMATELY PRESENTING A SINGLE MUSEUM-WIDE EXHIBITION AND A RELATED PUBLICATION. EXHIBITIONS INITIALLY PLANNED FOR THAT FISCAL YEAR WERE RESCHEDULED. THE MUSEUM IS ALSO THE STEWARD OF FIVE COLLECTIONS: THE HAMMER CONTEMPORARY COLLECTION, A GROWING COLLECTION OF INTERNATIONAL CONTEMPORARY ART SINCE 1960; THE UCLA GRUNWALD CENTER FOR THE GRAPHIC ARTS COLLECTION, ONE OF AMERICA'S FINEST COLLECTIONS OF WORKS ON PAPER, CONTAINING MORE THAN 45,000 PRINTS, DRAWINGS, PHOTOGRAPHS, AND ARTISTS' BOOKS FROM THE RENAISSANCE TO THE PRESENT; THE ARMAND HAMMER COLLECTION, AN IMPRESSIVE COLLECTION OF EUROPEAN AND AMERICAN PAINTINGS AND DRAWINGS REFLECTING THE INTERESTS AND PASSION OF THE MUSEUM'S FOUNDER, ARMAND HAMMER; THE ARMAND HAMMER DAUMIER AND CONTEMPORARIES COLLECTION, ONE OF THE WORLD'S MOST EXTENSIVE COLLECTIONS OF PRINTS, DRAWINGS, PAINTINGS, AND SCULPTURE BY NINETEENTH-CENTURY FRENCH SATIRIST HONORE DAUMIER; AND THE UCLA FRANKLIN D. MURPHY SCULPTURE GARDEN, WHICH INCLUDES OVER 70 OUTDOOR SCULPTURES. OVER THE COURSE OF THE YEAR, THE MUSEUM HAD ROUGHLY 18,000 VISITORS, AND ROUGHLY 45,000 DIGITAL VISITORS. THE DECLINE IN VISITORS IS A DIRECT RESULT OF THE ONGOING COVID-19 PANDEMIC. 3883031 PUBLIC & ACADEMIC PROGRAMS: THE HAMMER'S 300+ PROGRAMS EACH YEAR ARE DESIGNED TO SPARK MEANINGFUL ENCOUNTERS WITH ART AND IDEAS. THEY INCLUDE LECTURES, SYMPOSIA, UNIVERSITY OUTREACH, FILM SERIES, READINGS, FAMILY EVENTS, TOURS, AND MUSICAL PERFORMANCES. WHILE NEARLY ALL IN-PERSON PROGRAMMING WAS PUT ON HOLD WHEN THE MUSEUM CLOSED TO THE PUBLIC FOR AN EXTENDED PERIOD DURING FISCAL YEAR 2021, DOZENS OF PROGRAMS WERE PRESENTED DIGITALLY TO AUDIENCES IN LOS ANGELES AND AROUND THE WORLD. THESE DIGITAL PROGRAMS INCLUDED LECTURES, SCREENINGS, READINGS, TOURS, AND FAMILY EVENTS. HAMMER MUSEUMS PROGRAM DETAILS ARE AVAILABLE ON OUR WEBSITE, WWW.HAMMER.UCLA.EDU. 19529504 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 190 0 1 367 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 19 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MICHAEL HARRISON 3104437034 10899 WILSHIRE BLVD LOS ANGELES CA 900244314 MICHAEL RUBEL PRESIDENT 2.00 0.00 X X 0 0 0 MARCY CARSEY CHAIRMAN 2.00 0.00 X X 0 0 0 STEVEN A OLSEN TREASURER 2.00 0.00 X X 0 0 0 GENE D BLOCK DIRECTOR 1.00 40.00 X 0 493278 66887 JAY BROWN DIRECTOR 1.00 0.00 X 0 0 0 ERIC ESRAILIAN DIRECTOR 1.50 0.00 X 0 0 0 CHARLES GAINES DIRECTOR (FROM 10/27/20) 1.50 0.00 X 0 0 0 NICK GROUF DIRECTOR 1.00 0.00 X 0 0 0 MANUELA HERZER DIRECTOR 1.00 0.00 X 0 0 0 LARRY JACKSON DIRECTOR 1.00 0.00 X 0 0 0 LINDA JANGER DIRECTOR 1.00 0.00 X 0 0 0 LARRY MARX DIRECTOR 1.50 0.00 X 0 0 0 CINDY MISCIKOWSKI DIRECTOR 1.50 0.00 X 0 0 0 MARY OSAKO DIRECTOR 1.00 40.00 X 0 270712 52825 ANTHONY N PRITZKER DIRECTOR 1.00 0.00 X 0 0 0 KEVIN L RATNER DIRECTOR 1.00 0.00 X 0 0 0 CHIP ROSENBLOOM DIRECTOR 1.00 0.00 X 0 0 0 CHARA SCHREYER DIRECTOR 1.00 0.00 X 0 0 0 STEVEN P SONG DIRECTOR 1.00 0.00 X 0 0 0 ROBERT SOROS DIRECTOR 1.00 0.00 X 0 0 0 BRETT STEELE DIRECTOR 1.00 40.00 X 0 408233 51112 JOHN WALSH DIRECTOR 1.50 0.00 X 0 0 0 ANN PHILBIN MUSEUM DIRECTOR/CEO 40.00 0.00 X 665384 0 59444 MICHAEL HARRISON DEPUTY DIR/ASST TREASURER 40.00 0.00 X 279327 0 32388 RESHMA BISHNOI SEC/DIR LEGAL AFFAIRS (FROM 3/22/21) 40.00 0.00 X 0 0 0 MARGOT STOKOL SEC/DIR LEGAL AFFAIRS (THRU 1/21) 40.00 0.00 X 122414 0 40941 CYNTHIA BURLINGHAM DEPUTY DIR/CURATORIAL AFFAIRS 40.00 0.00 X 272280 0 68332 CORNELIA BUTLER CHIEF CURATOR 40.00 0.00 X 186465 0 61933 VERIDIANA PONTES CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 162244 0 39471 SCOTT TENNENT CHIEF COMMUNICATIONS OFFICER 40.00 0.00 X 159374 0 30284 ALFRED YERIES DEPUTY DIR/EXTERNAL AFFAIRS 40.00 0.00 X 221619 0 30575 CLAUDIA BESTOR DIRECTOR PUBLIC PROGRAMS 40.00 0.00 X 121994 0 28035 HENRY CLANCY DIRECTOR OPERATIONS 40.00 0.00 X 133315 0 29707 MELANIE CRADER DIR EXHIBITION & PUB MGMT 40.00 0.00 X 118012 0 43537 PORTLAND MCCORMICK DIR REGISTRATION & COLLEC MGMT 40.00 0.00 X 120973 0 29187 WEIJIUN ROBERTSON DIRECTOR OF FINANCE 40.00 0.00 X 120693 0 14617 2684094 1172223 679275 13 0 1 0 KPMG LLP DEPT 0922 PO BOX 120922 DALLAS TX 753120922 AUDIT & TAX SERVICES 107368 1 336468 725854 4672162 2371280 7905798 22560 16011562 EXHIB. AND PUBLIC FEES 900099 58343 58343 58343 2448755 2448755 5400 5400 6710903 -628767 7339670 7339670 7339670 0 725854 37238 -37238 -37238 245312 84435 160877 7261 153616 RIGHTS/REPRODUCTION 900099 1000 1000 1000 25988369 58343 7261 9911203 2386755 1192754 563406 630595 6460948 5348090 397715 715143 18066 13476 1546 3044 3352232 2445825 383366 523041 12492 7495 1874 3123 22000 22000 8112 670 7442 118922 118922 1694518 1694518 534800 473984 18590 42226 329013 263973 16260 48780 564967 482329 30355 52283 363269 259486 42308 61475 2494446 1992771 247342 254333 27594 22608 1422 3564 19550 12027 2326 5197 223184 20 223164 3248111 3106937 75510 65664 223690 100532 110592 12566 ART ACQUISITIONS 1834414 1834414 EXHIBITION RELATED EXP. 1273270 1273266 2 2 EQUIP RENTAL/MAINT. 72183 68547 1818 1818 EDUCATIONAL PROGRAMS 1000 1000 707902 608300 41817 57785 25991438 19529504 3980295 2481639 X 6813406 7946465 21840938 20992688 49689156 36656829 108533 58391 203699 182708 5085 47140 121922348 25680805 88505641 96241543 124169119 157940068 130358 1251693 291465935 321317525 5115051 3168014 11855389 10801731 16970440 13969745 X 158600375 189154042 115895120 118193738 274495495 307347780 291465935 321317525 -3069 32855354 0 X 0 1 X 1 0 X X 1 THE REGENTS OF THE UNIVERSITY OF CA 956006143 6 1 0 0 1 0 0 53923744 44390063 31869257 26173654 16011562 172368280 53923744 44390063 31869257 26173654 16011562 172368280 58920719 113447561 5592827 5359031 5923866 1724404 2454155 21054283 230188 120640 270569 157366 1000 779763 194202326 3232550 0.58420 X 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X SCHEDULE A, PART VI, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 230,188. 2017 AMOUNT: $ 120,640. 2018 AMOUNT: $ 270,569. 2019 AMOUNT: $ 157,366. 2020 AMOUNT: $ 1,000. PART IV, SECTION A, LINE 2: SUPPORTED ORGANIZATION IRS DETERMINATION OF STATUS THE MUSEUM SUPPORTS THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, A GOVERNMENTAL ENTITY, WHICH IS FOR THE BENEFIT OF THE PUBLIC AND QUALIFIES AS 509(A)(1). THE MUSEUM RECEIVED A DETERMINATION LETTER FROM THE IRS ON NOVEMBER 1, 2017 CLASSIFYING THE MUSEUM'S SUPPORTING ORGANIZATION STATUS AS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION. PART IV, SECTION D, LINE 3: SUPPORTED ORGANIZATION'S ROLE IN INVESTMENT POLICIES OF THE ORGANIZATION THE MUSEUM'S INVESTMENT COMMITTEE ELECTED TO UTILIZE INVESTMENT MANAGEMENT SERVICES FROM ANOTHER SUPPORTING ORGANIZATION OF THE UNIVERSITY OF CALIFORNIA AND ITS FUNDS ARE INVESTED IN ITS ENDOWMENT INVESTMENT POOL. AT THE TIME OF SUCH ELECTION, THE MUSEUM'S INVESTMENT COMMITTEE INCLUDED 20% OF ITS MEMBERS FROM THE SUPPORTED ORGANIZATION. PART IV, SECTION E, LINE 1C: SUPPORT OF A GOVERNMENTAL ENTITY THE MUSEUM PROVIDED OR PURCHASED VARIOUS SERVICES AND/OR GOODS FOR THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, A GOVERNMENTAL ENTITY. THE MUSEUM, NEIGHBORING THE CAMPUS OF THE UNIVERSITY OF CALIFORNIA, LOS ANGELES (UCLA), IS MANAGED BY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, PURSUANT TO A 99-YEAR OPERATING AGREEMENT. THE MUSEUM IS RESPONSIVE TO UCLA THROUGH UCLA'S APPOINTMENT OF CERTAIN MUSEUM BOARD MEMBERS, AND AT LEAST ONE OFFICER OVERLAP BETWEEN THE ORGANIZATIONS. THE MUSEUM IS ONE OF THREE PUBLIC ART UNITS OF THE SCHOOL OF ARTS AND ARCHITECTURE AT UCLA. IT PROVIDES FREE ADMISSION TO THE UNIVERSITY STUDENTS AS WELL AS MEMBERS OF THE GENERAL PUBLIC. ADDITIONALLY, IT OPERATES OVER 300 ANNUAL PUBLIC PROGRAMS, INCLUDING PROVIDING FACILITIES FOR SCREENINGS, LECTURES AND EVENTS FOR UCLA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 124169118 500000 42480781 7515312 1694519 157940068 126103167 4722214 1163480 6342408 1477335 124169118 124622286 6131643 4496103 8360603 786262 126103167 110579280 9853221 11584595 6631311 763499 124622286 107336037 100000 16007822 12170053 694526 110579280 0.58180 0.41820 0 1 1 61605533 21066310 40539223 3048852 1489748 1559104 57267963 3124747 54143216 96241543 INVESTMENT IN UCLA FDN 157940068 F 157940068 DUE TO RELATED PARTIES 1686306 LINE OF CREDIT 9100000 UNEARNED INCOME 15425 10801731 57149205 32855354 32855354 24293851 1694518 1694518 25988369 24296920 0 24296920 1694518 1694518 25991438 PART III, LINE 1A: THE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PERMIT SUCH TREATMENT IF THE CONTRIBUTED WORKS OF ART ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FINANCIAL GAIN, THE COLLECTION IS PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED, AND THE CONTRIBUTED ARTWORK IS SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. FOR INSURANCE PURPOSES, THE VALUE OF THE ART COLLECTIONS IS APPRAISED EVERY FIVE YEARS. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. THE MUSEUM'S PERMANENT COLLECTIONS CONSIST OF: THE ARMAND HAMMER COLLECTION (OLD MASTER, IMPRESSIONIST AND POST IMPRESSIONIST PAINTINGS); THE ARMAND HAMMER DAUMIER AND CONTEMPORARIES COLLECTION (PAINTINGS, SCULPTURES, AND LITHOGRAPHS BY THE FRENCH 19TH CENTURY CARICATURIST HONORE DAUMIER AND THE WORK OF HIS CONTEMPORARIES); AND THE HAMMER CONTEMPORARY COLLECTION (INTERNATIONAL CONTEMPORARY ART SINCE 1965, WITH AN EMPHASIS ON WORKS ON PAPER AND LOS ANGELES ARTISTS). THROUGHOUT THE YEAR, THE MUSEUM DISPLAYS A SUBSTANTIAL PORTION OF THE ARMAND HAMMER COLLECTION, AS WELL AS A ROTATION OF SELECTIONS FROM THE ARMAND HAMMER DAUMIER AND CONTEMPORARIES COLLECTION AND THE HAMMER CONTEMPORARY COLLECTION. THE COLLECTIONS ARE SUBJECT TO A POLICY WHICH REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THERE WERE NO SIGNIFICANT SALES OF ART RELATED TO THESE COLLECTIONS DURING THE FISCAL YEAR ENDED JUNE 30, 2021. PART V, LINE 4: INVESTMENT INCOME FROM THE MUSEUM'S ENDOWMENT IS USED FOR THE ACQUISITION OF WORKS OF ART FOR ITS COLLECTIONS, PRESENTING EXHIBITIONS AND PROGRAMS, AND GENERAL MUSEUM OPERATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 1,694,518. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 1,694,518. X CA GALA IN GARDEN 516801 516801 3951 K.A.M.P. 209053 209053 33287 725854 725854 37238 37238 -37238 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 ANN PHILBIN MUSEUM DIRECTOR/CEO 665384 0 0 0 0 0 42323 0 17121 0 724828 0 0 0 GENE D BLOCK DIRECTOR 0 493278 0 0 0 0 0 38078 0 28809 0 560165 0 0 BRETT STEELE DIRECTOR 0 408233 0 0 0 0 0 23853 0 27259 0 459345 0 0 CYNTHIA BURLINGHAM DEPUTY DIR/CURATORIAL AFFAIRS 272280 0 0 0 0 0 42973 0 25359 0 340612 0 0 0 MARY OSAKO DIRECTOR 0 270712 0 0 0 0 0 19302 0 33523 0 323537 0 0 MICHAEL HARRISON DEPUTY DIR/ASST TREASURER 279327 0 0 0 0 0 22000 0 10388 0 311715 0 0 0 ALFRED YERIES DEPUTY DIR/EXTERNAL AFFAIRS 221619 0 0 0 0 0 15736 0 14839 0 252194 0 0 0 CORNELIA BUTLER CHIEF CURATOR 186465 0 0 0 0 0 29891 0 32042 0 248398 0 0 0 VERIDIANA PONTES CHIEF DEVELOPMENT OFFICER 162244 0 0 0 0 0 24839 0 14632 0 201715 0 0 0 SCOTT TENNENT CHIEF COMMUNICATIONS OFFICER 159374 0 0 0 0 0 13514 0 16770 0 189658 0 0 0 MARGOT STOKOL SEC/DIR LEGAL AFFAIRS (THRU 1/21) 122414 0 0 0 0 0 19520 0 21421 0 163355 0 0 0 HENRY CLANCY DIRECTOR OPERATIONS 133315 0 0 0 0 0 20532 0 9175 0 163022 0 0 0 MELANIE CRADER DIR EXHIBITION & PUB MGMT 118012 0 0 0 0 0 18477 0 25060 0 161549 0 0 0 PORTLAND MCCORMICK DIR REGISTRATION & COLLEC MGMT 120973 0 0 0 0 0 18848 0 10339 0 150160 0 0 0 CLAUDIA BESTOR DIRECTOR PUBLIC PROGRAMS 121994 0 0 0 0 0 19021 0 9014 0 150029 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL THE MUSEUM'S EXECUTIVE DIRECTOR, ANN PHILBIN WILL FLY BUSINESS OR ECONOMY CLASS. SHE WILL FLY FIRST CLASS IF NEITHER OF THESE OPTIONS ARE AVAILABLE. IN ONE SITUATION THIS YEAR, SHE FLEW FIRST CLASS. THIS WAS THE ONLY AVAILABLE FLIGHT ARRIVING AT THE NECESSARY TIME. THIS IS NOT TREATED AS TAXABLE COMPENSATION. X ART SUPPLIES 1 21560 RETAIL VALUE X MEMBERSHIP 1 1000 RETAIL VALUE 17 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS THE NUMBER OF CONTRIBUTIONS WAS DETERMINED BASED ON THE NUMBER OF ITEMS RECEIVED. FORM 990, PART III, LINE 3 CEASE CONDUCTION OF PROGRAM SERVICE IN PREVIOUS YEARS, THE MUSEUM REPORTED "DIGITAL & WEB INITIATIVES" AS ONE OF THE ORGANIZATION'S MAIN 3 PROGRAM SERVICE ACCOMPLISHMENTS. THIS INITIATIVE WAS THE RESULT OF A MUTLI-YEAR GRANT WHICH INTENDED, AMONG OTHER THINGS, TO GET THE MUSEUM'S DIGITIAL CONTENT ONLINE. AS OF FY21, THE MUSEUM HAS EXPENDED THE GRANT PREVIOUSLY PROVIDED FOR THE ABOVE-MENTIONED PURPOSES AND THIS BRAND NEW VIDEO PLATFORM "HAMMER CHANNEL" PRESENTS MORE THAN 1,000 TALKS, PERFORMANCES, AND CONVERSATIONS AND IS ACCESSIBLE ONLINE. ACCORDINGLY, THE MUSEUM IS NO LONGER REPORTING THIS AS A SEPARATE ACCOMPLISHMENT, BUT RATHER HAS AGGREGRATED IT AND INCLUDED IN LINE 4A, EXHIBITIONS, PUBLICATIONS, AND COLLECTIONS. FORM 990, PART VI, SECTION A, LINE 3 DELEGATION CONTROLS OVER MANAGEMENT DUTIES THE HAMMER MUSEUM HAS DELEGATED EXCLUSIVE OPERATIONAL MANAGEMENT OF THE MUSEUM TO THE UNIVERSITY OF CALIFORNIA PER AN OPERATING AGREEMENT BETWEEN THE MUSEUM AND THE UNIVERSITY THAT WAS ENTERED INTO ON MARCH 31, 1994 FOR A TERM OF NINETY-NINE YEARS. THE OPERATING AGREEMENT PROVIDES FOR SPECIFIC POWERS AND DUTIES RESERVED TO THE MUSEUM'S BOARD OF DIRECTORS AND DELEGATES TO THE UNIVERSITY ALL OTHER POWERS AND DUTIES THAT MAY BE CONFERRED BY LAW. THE OPERATING AGREEMENT GRANTS TO THE UNIVERSITY THE AUTHORITY TO MANAGE THE DAY-TO-DAY OPERATIONS OF THE MUSEUM AS A FIRST CLASS PUBLIC ART MUSEUM AND CULTURAL CENTER IN ACCORDANCE WITH STANDARD MUSEUM PRACTICE. THE OPERATING AGREEMENT ALSO OBLIGATES THE UNIVERSITY TO FUND ANY SHORTFALL NECESSARY FOR THE MANAGEMENT AND OPERATION OF THE MUSEUM UP TO A CERTAIN AMOUNT PER FISCAL YEAR, WHICH IS ADJUSTED FOR COST OF LIVING INCREASES. THE TERMS AND CONDITIONS OF THE OPERATING AGREEMENT ARE SUBJECT TO CERTAIN OTHER AGREEMENTS ENTERED INTO BY THE MUSEUM WITH CERTAIN KEY PARTIES. FORM 990, PART VI, SECTION A, LINE 7A ELECTION POWERS THE BOARD OF DIRECTORS, AS THE SOLE MEMBER OF THE CORPORATION, HAS THE POWER TO ELECT ALL BUT THREE OF THE TWENTY-FOUR DIRECTORS ON THE BOARD. THESE THREE DIRECTORS ARE APPOINTED AS FOLLOWS: THE THEN-SITTING CHANCELLOR OF THE UNIVERSITY OF CALIFORNIA, LOS ANGELES IS AN EX OFFICIO DIRECTOR; THE UNIVERSITY HAS THE RIGHT TO APPOINT AND REMOVE TWO DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS OF REVIEWING THE FORM 990 THE HAMMER MUSEUM BOARD OF DIRECTORS HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. THE MUSEUM'S DEPUTY DIRECTOR, FINANCE AND ADMINISTRATION, AND THE MUSEUM'S DIRECTOR OF FINANCE, WORK CLOSELY TO REVIEW THE RETURN WITH THE OUTSIDE ACCOUNTING FIRM ENGAGED BY THE MUSEUM. THE AUDIT COMMITTEE ALSO MEETS WITH THE ACCOUNTING FIRM TO REVIEW AND DISCUSS THE FORM 990, AND SUBSEQUENT TO ITS REVIEW, REPORTS BACK TO THE BOARD REGARDING ITS OVERSIGHT OF THE FORM 990. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST POLICY THE HAMMER MUSEUM, AS PART OF THE UNIVERSITY, IS SUBJECT TO THE CALIFORNIA POLITICAL REFORM ACT, WHICH REQUIRES THAT CERTAIN STATE AND LOCAL GOVERNMENT OFFICIALS PUBLICLY DISCLOSE THEIR PRIVATE ECONOMIC INTERESTS ON AN OFFICIAL STATEMENT OF ECONOMIC INTERESTS FORM, AND THAT ALL GOVERNMENT (UNIVERSITY) EMPLOYEES DISQUALIFY THEMSELVES FROM PARTICIPATING IN DECISIONS IN WHICH THEY HAVE A PERSONAL FINANCIAL INTEREST. THE UNIVERSITY LISTS THE POSITION TITLES OF THOSE EMPLOYEES OR OFFICIALS (DESIGNATED POSITION) IN AN ORGANIZATION WHO ARE REQUIRED TO PROVIDE PERSONAL FINANCIAL INFORMATION, ASSIGNS DISCLOSURE CATEGORIES TO THESE POSITIONS, AND INDICATES THE TYPES OF ECONOMIC INTEREST WHICH MUST BE REPORTED, SUCH AS INVESTMENTS, INTERESTS IN REAL ESTATE, OR SOURCES OF INCOME OR GIFTS. DESIGNATED EMPLOYEES ARE REQUIRED TO FILE STATEMENTS WHEN THEY ASSUME AND LEAVE A DESIGNATED POSITION, AND ANNUALLY WHILE THEY ARE IN THE DESIGNATED POSITION. HAMMER MUSEUM EMPLOYEES ARE UNIVERSITY OF CALIFORNIA EMPLOYEES, WHO ARE ALL, EITHER DIRECTLY OR BY APPLICATION OF THE UNIVERSITY'S CONFLICT OF INTEREST CODE, SUBJECT TO THOSE PROVISIONS OF THE ACT WHICH PROHIBIT THE MAKING OF OR THE PARTICIPATION IN UNIVERSITY DECISIONS IN WHICH FINANCIAL CONFLICTS OF INTEREST EXIST. AN INDIVIDUAL WHO FINDS HIMSELF OR HERSELF IN A CONFLICT OF INTEREST IS REQUIRED TO REFRAIN FROM MAKING, PARTICIPATING IN THE MAKING OF, OR ATTEMPTING TO INFLUENCE ANY UNIVERSITY DECISION WHICH MAY MATERIALLY AFFECT THE INDIVIDUAL'S FINANCIAL INTERESTS. THE UNIVERSITY REQUIRES THAT ALL EMPLOYEES PERIODICALLY COMPLETE A MANDATORY COMPLIANCE BRIEFING, WHICH IS DESIGNED TO RAISE CONTINUED AWARENESS OF THE UNIVERSITY OF CALIFORNIA STATEMENT OF ETHICAL VALUES AND STANDARDS OF ETHICAL CONDUCT, AND TO CONVEY UNIVERSITY EMPLOYMENT OBLIGATIONS WITH RESPECT TO ETHICAL AND COMPLIANT BEHAVIOR.THE MUSEUM ADOPTED ITS OWN ETHICAL GUIDELINES, WHICH ADDRESS CONFLICTS OF INTEREST. ALL COVERED PERSONS, WHICH INCLUDE BOARD MEMBERS, OFFICERS AND ANY KEY EMPLOYEES, ARE EXPECTED TO REASONABLY AND PROFESSIONALLY ASSESS THEIR INDIVIDUAL SITUATIONS FOR ACTUAL, POTENTIAL, OR PERCEIVED CONFLICTS, AND TO EXERCISE GOOD JUDGMENT IN DISCLOSING SUCH CONFLICTS. ALL EMPLOYEES SHOULD DISCLOSE ACTUAL, POTENTIAL AND PERCEIVED CONFLICTS OF INTEREST TO THEIR IMMEDIATE SUPERVISOR AND TO THE EXTENT POSSIBLE, WRITTEN DISCLOSURES AND APPROVALS SHOULD BE SUBMITTED ON A CONFLICT OF INTEREST DISCLOSURE FORM. THE MUSEUM PROVIDES THE ETHICAL GUIDELINES TO, AND REQUESTS A CERTIFICATE OF COMPLIANCE FROM THE BOARD, OFFICERS AND ANY KEY EMPLOYEES, ANNUALLY. BY ADOPTING AND CERTIFYING THEIR COMPLIANCE, BOARD MEMBERS ARE ALSO SEPARATELY BOUND TO DISCLOSE ANY CONFLICTS AS THEY MAY ARISE BY USE OF ANOTHER FORM PROVIDED WITH THE ETHICAL GUIDELINES. THOUGH NOT FORMALLY CHARGED WITH THE RESPONSIBILITY, THE BOARD SECRETARY (OR ASSISTANT SECRETARY) IS RESPONSIBLE FOR COLLECTING, REVIEWING AND RETAINING CERTIFICATES OF COMPLIANCE IN MUSEUM FILES. ANY DISCLOSURES MUST BE MADE TO THE BOARD PRESIDENT, OR IF HE OR SHE IS NOT AVAILABLE, TO THE CHAIRMAN OF THE BOARD. THE BOARD PRESIDENT WOULD DISCLOSE CONFLICTS TO THE CHAIRMAN OF THE BOARD. THEREFORE, THE BOARD PRESIDENT AND CHAIRMAN OF THE BOARD WOULD BE RESPONSIBLE FOR ADDRESSING ANY POTENTIAL CONFLICTS THAT MAY ARISE WITH THE BOARD AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION THE MUSEUM, WORKING THROUGH THE BOARD-APPOINTED COMPENSATION COMMITTEE THAT IS COMPRISED OF INDEPENDENT PERSONS, HAS A PROCESS FOR REVIEWING AND ENDORSING COMPENSATION PACKAGES FOR OFFICERS AND KEY EMPLOYEES, INCLUDING THE MUSEUM DIRECTOR/CEO. THE HAMMER COMPENSATION COMMITTEE MET ON MAY 13, 2020 TO REVIEW THE COMPENSATION PLAN FOR THE MUSEUM'S OFFICERS AND KEY EMPLOYEES. THE COMPENSATION PLAN INCLUDED BENCHMARKING DATA FROM PEER INSTITUTIONS AS SHOWN ON THEIR PUBLIC 990 TAX RETURNS, AND THE ANNUAL SALARY SURVEY FROM THE ASSOCIATION OF ART MUSEUM DIRECTORS ('AAMD'). THE COMMITTEE VOTED UNANIMOUSLY TO ENDORSE THE COMPENSATION PLAN AND COMPENSATION RANGES FOR THE COMING FISCAL YEAR. THE COMMITTEE REPORTED ITS REVIEW OF THE COMPENSATION PLAN TO THE HAMMER BOARD OF DIRECTORS AT THE JUNE 25, 2020 HAMMER BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS THE MUSEUM'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION ON ITS WEBSITE AND HARD COPY BY REQUEST. ADDITIONALLY, THE MUSEUM FILES ITS FORM 990 WITH THE CALIFORNIA ATTORNEY GENERAL AND ROUTINELY UPDATES ITS INFORMATION ON THIRD PARTY PLATFORMS SUCH AS GUIDESTAR, CHARITY NAVIGATOR, AND THE NATIONAL CENTER FOR CHARITABLE STATISTICS. THE MUSEUM'S ARTICLES, BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, LOS ANGELES ("THE UNIVERSITY") ACTS AS A COMMON PAYMASTER, ISSUING FORMS W-2 ON BEHALF OF THE MUSEUM. IN CALENDAR YEAR 2020, THE UNIVERSITY ISSUED 367 FORM W2'S. FORM 990, PART X, BALANCE SHEET THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2020 INCLUDE AN IMMATERIAL REVISION TO THE STATEMENT OF FINANCIAL POSITION. THIS REVISION RESULTED IN AN INCREASE FROM PREVIOUSLY REPORTED AMOUNTS OF CONTRIBUTIONS RECEIVABLE AND NET ASSETS, BEGINNING OF YEAR OF $5,094,558. ACCORDINGLY, THE BEGINNING OF YEAR BALANCE SHEET NUMBERS HAVE BEEN UPDATED TO PROPERLY REFLECT THE AUDIT ADJUSTMENTS MADE. THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 405 HILGARD AVE LOS ANGELES CA 90095 956006143 EDUCATION CA N/A 0 0 0 1 0 1 0 0 0 0 1 1 0 1 0 0 1 1 0 0