THE BROAD: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE BROAD (EIN 27-3032164)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-13
- IRS object ID
- 202033189349101273
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- General Explanation Attachment
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-13T11:03:13-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 911194016 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLARK NUBER PS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10900 NE 4TH ST SUITE 1400 | AddressLine1Txt |
| City | BELLEVUE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273032164 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE BROAD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | THEB | BusinessNameControlTxt |
| Phone | 2132326220 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2121 AVENUE OF THE STARS NO 3000 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90067 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KELLY BEREN | PersonNm |
| Person Title | ASSISTANT TREASURER | PersonTitleTxt |
| Phone | 2132326220 | PhoneNum |
| Signature | 2020-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENNIFER BECKER HARRIS | PreparerPersonNm |
| PTIN | P00183358 | PTIN |
| Phone | 4254544919 | PhoneNum |
| Preparation | 2020-11-02 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 65.158.230.194 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-02 | IPDt |
| IP Tm | 19:39:44 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 9C75230018D5B80955F7F8F52B6C41F090A63707 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $561,588,983 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $24,487,590 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $311,646 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $311,646 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $311,646 | InterestOnSavingsAdjNetIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Incm Modifications Adj Net Incm | $221,988 | IncmModificationsAdjNetIncmAmt |
| Gross Sales Less Ret And Allwnc | $3,966,211 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $1,907,857 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $2,058,354 | GrossProfitRevAndExpnssAmt |
| Gross Profit Adj Net Incm | $2,058,354 | GrossProfitAdjNetIncmAmt |
| Other Income Rev And Expnss | $4,362,698 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $500,173 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $4,140,710 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $31,220,288 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $811,819 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $6,732,698 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $450,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $450,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $6,150,871 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $18,240 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $1,312,039 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $4,868,832 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,384,652 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $117,681 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,266,971 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $72,044 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $72,044 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $34,145 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $1,700 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $32,445 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $3,248,837 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $14,818 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $274,680 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $2,974,157 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $5,044,105 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $5,044,105 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $84,810 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $7,500 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $22,310 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $4,339,530 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $1,785,121 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $724,869 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $78,563 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $646,306 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $217,496 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $289 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $217,207 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $132,873 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $132,873 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,281,813 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $325,125 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,797,494 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $26,166,045 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $33,058 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $3,902,698 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $19,524,744 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $26,166,045 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $33,058 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $3,902,698 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $19,524,744 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $5,054,243 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $778,761 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,830,000 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $176,577 | CashBOYAmt |
| Cash EOY | $126,409 | CashEOYAmt |
| Cash EOYFMV | $126,409 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $17,344,703 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $22,022,469 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $22,022,469 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $564,666 | AcctRcvblAmt |
| Acct Rcvbl BOY | $23,441 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $564,666 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $564,666 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl | $378,615,404 | PledgesRcvblAmt |
| Pledges Rcvbl BOY | $376,907,010 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $378,615,404 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $378,615,404 | PledgesRcvblEOYFMVAmt |
| Inventories BOY | $1,542,796 | InventoriesBOYAmt |
| Inventories EOY | $1,684,630 | InventoriesEOYAmt |
| Inventories EOYFMV | $1,684,630 | InventoriesEOYFMVAmt |
| Prepaid Expenses BOY | $290,144 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $250,877 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $250,877 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $175,876,285 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $19,444,634 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $160,403,739 | LandBOYAmt |
| Land EOY | $156,431,651 | LandEOYAmt |
| Land EOYFMV | $156,431,651 | LandEOYFMVAmt |
| Other Assets BOY | $1,862,876 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,892,877 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,892,877 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $558,551,286 | TotalAssetsBOYAmt |
| Total Assets EOY | $561,588,983 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $561,588,983 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $583,340 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $1,022,689 | AccountsPayableEOYAmt |
| Mortgages And Notes Payable BOY | $156,075,288 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $153,619,393 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $625,000 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $625,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $157,283,628 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $155,267,082 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $401,267,658 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $406,321,901 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $401,267,658 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $406,321,901 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $558,551,286 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $561,588,983 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $401,267,658 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $5,054,243 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $406,321,901 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $406,321,901 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $24,313,096 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $15,167,202 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 1.603005 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $21,124,999 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $11,674,478 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 1.809503 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $32,994,398 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $14,658,306 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 2.250901 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $45,829,593 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $9,031,818 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 5.074238 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $41,605,916 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $30,783,511 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 1.351565 | DistributionYr5Rt |
| Total Distribution | 12.089212 | TotalDistributionRt |
| Average Distribution | 2.417842 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $18,121,435 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $43,814,767 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $7,788 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $43,822,555 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $22,513,202 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $15,575 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $15,575 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $15,575 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $19,925 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $5,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $24,925 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $9,350 | OverpaymentAmt |
| Applied To ES Tax | $9,350 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.THEBROAD.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JULIE BAKER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3109545026 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2121 AVENUE OF THE STARS STE 3000 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90067 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| ELI BROAD | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | PRESIDENT, DIRECTOR | 20.00 | $0 | $0 | $0 |
| DEBORAH KANTER | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | SECRETARY, LEGAL COUNSEL, DIR | 5.00 | $20,850 | $0 | $0 |
| JAY WINTROB | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | TREASURER, DIRECTOR | 5.00 | $0 | $0 | $0 |
| MICHAEL BRUCE | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | ASSISTANT TREASURER - PART YEAR | 1.00 | $0 | $0 | $0 |
| KELLY BEREN | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | ASSISTANT TREASURER - PART YEAR | 1.00 | $0 | $0 | $0 |
| BRUCE KARATZ | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | CHAIRMAN, DIRECTOR | 5.00 | $0 | $0 | $0 |
| JOANNE HEYLER | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | FOUNDING DIRECTOR | 30.00 | $450,000 | $34,908 | $0 |
| ROBERT H TUTTLE | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| TOM CAMPBELL | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| SHERRY LANSING | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| EDYTHE L BROAD | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| SUZANNE NORA JOHNSON | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | DIRECTOR | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| STACY LIEBERMAN | ||||||||
| 2121 AVENUE OF THE STARS STE 3000 | LOS ANGELES | CA | 90067 | DEPUTY DIRECTOR | 40.00 | $259,000 | $23,953 | $0 |
| EDWARD PATUTO | ||||||||
| 2121 AVENUE OF THE STARS STE 3000 | LOS ANGELES | CA | 90067 | DIR AUDIENCE ENGAGEM | 40.00 | $175,468 | $29,488 | $0 |
| WILLIAM R HUDSON IV | ||||||||
| 2121 AVENUE OF THE STARS STE 3000 | LOS ANGELES | CA | 90067 | DIRECTOR OF RETAIL O | 40.00 | $177,401 | $26,014 | $0 |
| RICHARD MITCHELL | ||||||||
| 2121 AVENUE OF THE STARS STE 3000 | LOS ANGELES | CA | 90067 | DIRECTOR OF FACILITI | 40.00 | $152,700 | $25,317 | $0 |
| ALICE CHUNG | ||||||||
| 2121 AVENUE OF THE STARS STE 3000 | LOS ANGELES | CA | 90067 | DIRECTOR OF MKTG & C | 40.00 | $145,250 | $20,152 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 18 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FAMILY OFFICE FINANCIAL SERVICES | |||||
| 2121 AVE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | ACCTG, HR, TAX, IT | $728,098 |
| CALIFORNIA PROTECTION & INVESTIGATION SERVICES | |||||
| 1525 AVIATION BLVD 243 | REDONDO BEACH | CA | 90278 | SECURITY | $694,226 |
| ALLIED INTEGRATED MARKETING | |||||
| 55 CAMBRIDGE PARKWAY SUITE 200 | CAMBRIDGE | MA | 02142 | MARKETING | $491,715 |
| ABM ONSITE SERVICES | |||||
| PO BOX 52609 | LOS ANGELES | CA | 90074 | JANITORIAL | $457,905 |
| CAPACITY INTERACTIVE CONSULTING LLC | |||||
| 1239 BROADWAY SUITE 1103 | NEW YORK | NY | 10001 | MARKETING | $254,493 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 15 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | 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 3.46 MILLION VISITORS THROUGH 2019. 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. | Description1Txt |
| Expenses1 | $26,183,038 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $18,121,619 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $275,777 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $18,397,396 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $18,397,396 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $275,961 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $18,121,435 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $906,072 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $19,524,744 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $2,988,458 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $22,513,202 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $22,513,202 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2010-05-28 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $906,072 | CurrentYearAmt |
| Year1 | $758,360 | Year1Amt |
| Year2 | $583,724 | Year2Amt |
| Year3 | $732,915 | Year3Amt |
| Total | $2,981,071 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $770,161 | CurrentYearAmt |
| Year1 | $644,606 | Year1Amt |
| Year2 | $496,165 | Year2Amt |
| Year3 | $622,978 | Year3Amt |
| Total | $2,533,910 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $22,513,202 | CurrentYearAmt |
| Year1 | $24,313,096 | Year1Amt |
| Year2 | $21,124,999 | Year2Amt |
| Year3 | $32,994,625 | Year3Amt |
| Total | $100,945,922 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $22,513,202 | CurrentYearAmt |
| Year1 | $24,313,096 | Year1Amt |
| Year2 | $21,124,999 | Year2Amt |
| Year3 | $32,994,625 | Year3Amt |
| Total | $100,945,922 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $604,048 | CurrentYearAmt |
| Year1 | $505,573 | Year1Amt |
| Year2 | $389,149 | Year2Amt |
| Year3 | $488,610 | Year3Amt |
| Total | $1,987,380 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EXHIBITS, TICKETED PROG. | Desc |
| Related Or Exempt Function Incm | $2,273,785 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $311,646 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $500,173 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 453220 | BusinessCd |
| Unrelated Business Taxbl Incm | $304,206 | UnrelatedBusinessTaxblIncmAmt |
| Related Or Exempt Function Incm | $1,754,148 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|---|
| MUSEUM PARKING | 03 | $1,366,752 | |
| UTILITIES REFUND | $191,987 | ||
| REFUND OF INCOME TAXES | 01 | $30,001 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $304,206 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,208,572 | ExclusionAmt |
| Related Or Exempt Function Incm | $4,219,920 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,732,698 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1A | SPECIAL EXHIBITIONS, ART TALKS AND GROUP TICKETS PROVIDE EDUCATION AND ACCESS TO WORLD-CLASS CONTEMPORARY ART. |
| 10 | GIFT SHOP PROVIDES EDUCATION, EXPLORATION AND PROMOTION OF CONTEMPORARY ART. |
| 11B | REIMBURSEMENT OF PRIOR YEAR QUALIFYING DISTRIBUTION |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (7 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| THE ELI AND EDYTHE BROAD FOUNDATION | ||||||
| 1 | 2121 AVENUE OF THE STARS 3000 | LOS ANGELES | CA | 90277 | $1,317,065 | Yes (X) |
| THE J PAUL GETTY TRUST | ||||||
| 2 | 1200 GETTY CENTER DRIVE 401 | LOS ANGELES | CA | 90049 | $12,400 | Yes (X) |
| INSTITUTE OF MUSEUM AND LIBRARY SERVICES | ||||||
| 3 | 955 LENFANT PLAZA NORTH SW SUITE 40 | WASHINGTON | DC | 20024 | $323,828 | Yes (X) |
| EAST WEST BANK | ||||||
| 4 | 135 N LOS ROBLES AVENUE | PASADENA | CA | 91101 | $920,902 | Yes (X) |
| JAGUAR LAND ROVER | ||||||
| 5 | 100 JAGUAR LAND ROVER WAY | MAHWAH | NJ | 07495 | $355,000 | Yes (X) |
| GLADSTONE GALLERY LLC | ||||||
| 6 | 515 WEST 24TH STREET | NEW YORK | NY | 10011 | $25,000 | Yes (X) |
| VAN CLEEF & ARPELS | ||||||
| 7 | 645 FIFTH AVENUE 5TH FLOOR | NEW YORK | NY | 10022 | $225,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AUDIT AND TAX | CategoryTxt |
| Amt | $34,145 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,700 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $32,445 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| CONTRIBUTION RECONCILIATION, PT 1, LINE 1 & SCH B | 990PF, PART 1, LINE 1 | CONTRIBUTIONS, GIFTS AND GRANTS RECEIVED ON PART 1, LINE 1 IN THE AMOUNT OF $24,627,590 INCLUDES DISCOUNT AMORTIZATION OF GRANTS RECEIVABLE (ACCRUAL METHOD). DONATIONS REPORTED ON SCHEDULE B REFLECT 2019 ACCRUAL CONTRIBUTIONS WITHOUT REGARD TO THE DISCOUNT OF $21,308,394. DONATIONS RECEIVED IN 2019 (CASH BASIS) WERE $23,096,695. |
| 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)DEBORAH KANTER AS SECRETARY OF THE BROAD IS A DISQUALIFIED PERSON. IN 2019, MS. KANTER WAS PAID $20,850 FOR LEGAL SERVICES. HER FEE HAS BEEN REVIEWED BY INDEPENDENT BOARD MEMBERS AND HAS BEEN DEEMED REASONABLE AND NECESSARY TO CARRY OUT THE ORGANIZATION'S EXEMPT PURPOSE.MICHAEL BRUCE AND KELLY BEREN'S COMPENSATION IS PART OF THE FEES CHARGED BY FAMILY OFFICE FINANCIAL SERVICES, LLC (FOFS). THE FEES CHARGED BY FOFS ARE BASED ON AN ALLOCATION OF TIME THAT MICHAEL BRUCE AND KELLY BEREN DEVOTE TO THE BROAD. |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| BUILDING | $163,619,633 | $18,254,030 | $145,365,603 | $145,365,603 |
| FURNITURE AND FIXTURES | $966,381 | $609,212 | $357,169 | $357,169 |
| COMPUTERS AND EQUIPMENT | $545,338 | $386,280 | $159,058 | $159,058 |
| SOFTWARE | $201,366 | $195,112 | $6,254 | $6,254 |
| CONSTRUCTION IN PROGRESS | $914,697 | $0 | $914,697 | $914,697 |
| LAND | $9,628,870 | $0 | $9,628,870 | $9,628,870 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $72,044 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $72,044 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp
Lender Name LenderNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Insider Relationship | NONE | InsiderRelationshipTxt |
| Loan Original | $150,000,000 | LoanOriginalAmt |
| Balance Due | $153,619,393 | BalanceDueAmt |
| Note | 2011-07 | NoteDt |
| Loan Maturity | 2021-06 | LoanMaturityDt |
| Repayment Terms | 10 YR @ 5%, PAYABLE SEMI-ANNUALLY, EFF YLD 3.1% | RepaymentTermsTxt |
| Interest | 5.000000000000 | InterestRt |
| Security Provided Borrower | SECURITY INTEREST IN $211,000,000 OF GROSS CONTRIBUTIONS RECEIVABLE | SecurityProvidedBorrowerTxt |
| Loan Purpose | DESIGN, DEVELOPMENT AND CONSTRUCTION OF MUSEUM PROJECT | LoanPurposeTxt |
| Lender Consideration | TAX EXEMPT BOND PROCEEDS | LenderConsiderationDesc |
| Consideration FMV | $173,681,000 | ConsiderationFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PROGRAM RELATED INVESTMENT | $1,862,876 | $1,862,876 | $1,862,876 |
| DEFERRED TAX ASSET | $0 | $30,001 | $30,001 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ART EXPENSE | $699,636 | $0 | $395 | $699,241 |
| MAINTENANCE AND REPAIRS | $839,740 | $0 | $57,671 | $782,069 |
| LICENSING | $66,693 | $0 | $46,968 | $19,725 |
| BANK FEES | $105,459 | $0 | $104,492 | $967 |
| OFFICE EXPENSE & OTHER COSTS | $203,697 | $0 | $112,429 | $91,270 |
| PARKING | $153,838 | $0 | $0 | $153,838 |
| INSURANCE | $249,890 | $0 | $2,860 | $247,030 |
| BOND COST | $500 | $0 | $0 | $500 |
| EVENT & PROMOTION | $1,683,280 | $0 | $310 | $1,682,970 |
| TECHNOLOGY | $166,749 | $0 | $0 | $166,749 |
| EXHIBITION TOUR FEES | $112,331 | $0 | $0 | $112,331 |
| ACCRUAL TO CASH ADJUSTMENT | $0 | $0 | $0 | -$159,196 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ROYALTIES | $173 | $173 | $173 |
| PASSIVE LEASE INCOME | $500,000 | $500,000 | $500,000 |
| EXHIBITS, TICKETED PROG. | $2,273,785 | $2,273,785 | |
| MUSEUM PARKING | $1,366,752 | $1,366,752 | |
| UTILITIES REFUND | $191,987 | $0 | $0 |
| REFUND OF INCOME TAXES | $30,001 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST PAYABLE | Desc |
| BOY Book Value | $625,000 | BOYBookValueAmt |
| EOY Book Value | $625,000 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PROGRAM RELATED FEES | $547,273 | $0 | $0 | $547,273 |
| OTHER PROF FEES | $694,982 | $0 | $0 | $694,982 |
| CLEANING FEES | $456,857 | $0 | $0 | $456,857 |
| MUSEUM SECURITY | $700,603 | $0 | $210,467 | $490,136 |
| PUBLIC RELATIONS | $171,681 | $0 | $0 | $171,681 |
| MANAGEMENT FEES | $677,441 | $14,818 | $64,213 | $613,228 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FILING FEES | $225 | $0 | $0 | $225 |
| FEDERAL | $73,500 | $0 | $0 | $18,500 |
| STATE | $11,085 | $0 | $7,500 | $3,585 |
Comments