2017-05-15T11:16:06-05:00 2016-06-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2015-07-01 953433820 THE MUSEUM OF CONTEMPORARY ART LOS ANGELES MUSE 2136212766 250 S GRAND AVENUE LOS ANGELES CA 90012 MICHAEL HARRISON CFO/COO 2136212766 2017-05-12 1 LAUREN A HAVERLOCK P00545829 3108731600 2015 2021-01-29 14:40:06Z MICHAEL HARRISON 250 S GRAND AVENUE LOS ANGELES CA 90012 80518367 0 X WWW.MOCA.ORG X 1979 CA TO ORGANIZE EXHIBITIONS AND PROGRAMS TO ENHANCE PUBLIC KNOWLEDGE AND APPRECIATION OF THE ART. 49 46 279 95 -335 -335 38401734 18564552 1586263 1541888 2944586 -1104457 1183303 3036665 44115886 22038648 0 0 0 0 6061988 7279119 0 0 1651391 10666323 10852128 16728311 18131247 27387575 3907401 145411815 144911699 1911668 1444421 143500147 143467278 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 5873347 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. 5059741 4321297 CURATORIAL AND EXHIBITION PROGRAMS: IN FISCAL YEAR 2016, MAJOR EXHIBITIONS OF WORKS FROM THE PERMANENT COLLECTION WERE COMPLEMENTED WITH EXHIBITIONS OF MATTHEW BARNEY, NOAH DAVIS, MAGDALENA FERNANDEZ,CATHERINE OPIE, AND THE UNDERGROUND MUSEUM. 1114129 PUBLIC AFFAIRS/INFORMATION:A VARIETY OF PROMOTIONAL, ADVERTISING AND PUBLIC PROGRAMS WERE PRODUCED BY MOCA'S COMMUNICATIONS DEPARTMENT TO INFORM THE PUBLIC OF MOCA'S ACTIVITIES AND DISSEMINATE INFORMATION ABOUT CONTEMPORARY ART. 579822 13452 EDUCATION PROGRAMS: MOCA IS COMMITTED TO PROVIDING THE EDUCATION NECESSARY FOR A BETTER UNDERSTANDING OF CONTEMPORARY ART. THE MUSEUM'S EDUCATIONAL PROGRAMS RANGE FROM ONE-TIME EVENTS AT THE MUSEUM TO ONGOING PROGRAMS TAKING PLACE ACROSS LOS ANGELES. PROGRAMS "ART TALKS", "CONTEMPORARY ART START", "MOCA TEEN PROGRAM", AND FILM SERIES AND SPECIAL EVENTS ARE ALL ADAPTED TO SUPPORT EACH CURRENT EXHIBITION. IN FISCAL 2016, OVER 21,150 PARTICIPANTS ENJOYED MOCA'S EDUCATION PROGRAMS. 579822 13452 12627039 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 113 0 1 279 1 0 0 0 0 0 1 1 0 0 0 0 X 49 46 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JAY MYRES 2136212766 250 SOUTH GRAND AVE LOS ANGELES CA 90012 MAURICE MARCIANO CO-CHAIR 1.00 X X 0 0 0 LILLY TARTIKOFF KARATZ CO-CHAIR 1.00 X X 0 0 0 EUGENIO LOPEZ VICE CHAIR 1.00 X X 0 0 0 LILLIAN P LOVELACE VICE CHAIR 1.00 X X 0 0 0 MARIA SEFERIAN VICE CHAIR 1.00 X X 0 0 0 WALLIS ANNENBERG TRUSTEE 1.00 X 0 0 0 JOHN BALDESSARI TRUSTEE 1.00 X 0 0 0 MARK BRADFORD TRUSTEE 1.00 X 0 0 0 GABRIEL BRENER TRUSTEE 1.00 X 0 0 0 STEVEN A COHEN TRUSTEE 1.00 X 0 0 0 CHARLES L CONLAN II TRUSTEE 1.00 X 0 0 0 KATHI B CYPRES TRUSTEE 1.00 X 0 0 0 LAURENT DEGRYSE TRUSTEE 1.00 X 0 0 0 CLIFFORD J EINSTEIN TRUSTEE 1.00 X 0 0 0 ARIEL EMANUEL TRUSTEE 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 AILEEN GETTY TRUSTEE 1.00 X 0 0 0 NANCYJANE R GOLDSTON TRUSTEE 1.00 X 0 0 0 LAURENCE GRAFF TRUSTEE 1.00 X 0 0 0 MARK GROTJHAN TRUSTEE 1.00 X 0 0 0 DAVID G JOHNSON TRUSTEE 1.00 X 0 0 0 BRUCE KARATZ 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 DANIEL S LOEB TRUSTEE 1.00 X 0 0 0 MARY KLAUS MARTIN TRUSTEE 1.00 X 0 0 0 JAMIE MCCOURT TRUSTEE 1.00 X 0 0 0 EDWARD J MINSKOFF TRUSTEE 1.00 X 0 0 0 STEVEN T MNUCHIN TRUSTEE 1.00 X 0 0 0 CATHERINE OPIE TRUSTEE 1.00 X 0 0 0 VICTOR PINCHUK TRUSTEE 1.00 X 0 0 0 LARI PITTMAN TRUSTEE 1.00 X 0 0 0 HEATHER PODESTA TRUSTEE 1.00 X 0 0 0 CAROLYN POWERS TRUSTEE 1.00 X 0 0 0 DALLAS PRICE-VAN BREDA TRUSTEE 1.00 X 0 0 0 STEVEN F ROTH TRUSTEE 1.00 X 0 0 0 CARLA SANDS TRUSTEE 1.00 X 0 0 0 CHARA SCHREYER TRUSTEE 1.00 X 0 0 0 ADAM SENDER TRUSTEE 1.00 X 0 0 0 JEFFREY SOROS TRUSTEE 1.00 X 0 0 0 DARREN STAR TRUSTEE 1.00 X 0 0 0 SUTTON STRACKE TRUSTEE 1.00 X 0 0 0 CATHY VEDOVI TRUSTEE 1.00 X 0 0 0 CHRISTOPHER WALKER TRUSTEE 1.00 X 0 0 0 COUNCIL PRESIDENT HERB WESSON TRUSTEE 1.00 X 0 0 0 ORNA AMIR WOLENS TRUSTEE 1.00 X 0 0 0 PHILIPPE VERGNE DIRECTOR 40.00 X X 708254 0 27117 MICHAEL HARRISON COO/CFO 40.00 X X 241526 0 14943 HELEN MOLESWORTH CHIEF CURATOR 40.00 X 246734 0 19646 COLLEEN CRISTE DIR OF DEVELOPMENT 40.00 X 229793 0 12661 SARAH STIFLER DIR OF COMMUNICATION 40.00 X 136226 0 8007 JAY MYRES CONTROLLER 40.00 X 112195 0 16088 EMMA REEVES CREATIVE DIR. MOCATV (LEFT 10/2015) 40.00 X 109697 0 3866 JANG PARK DIR OF PRODUCTION (LEFT 11/2015) 40.00 X 105622 0 15253 1890047 0 117581 8 0 1 0 ONE LONG HOUSE LLC 754 SE MARKET ST PORTLAND OR 97215 WEBSITE DESIGN 214497 1 602621 1575467 59180 16327284 493198 18564552 ADMISSIONS 900099 985616 985616 TRAVELING EXHIBITION FEES 900099 532354 532354 WORKSHOP FEES 900099 13452 13452 REPRODUCTION FEES 900099 5405 5405 LOAN FEES 900099 5061 5061 1541888 1081206 1081206 22583 22583 157799 0 157799 157799 157799 51612355 53798018 -2185663 -2185663 -2185663 1875609 1575467 1875609 0 5598618 2806092 2792526 2792861 -335 CAFE INCOME 722210 46794 46794 OTHER INCOME 900099 16963 16963 63757 22038648 4334749 -335 -860318 1506426 269480 980425 256521 4916860 3383253 900287 633320 30710 9161 21549 412928 268986 95845 48097 412195 266593 88067 57535 11870 11870 51684 51684 264588 264588 1070004 864367 152618 53019 296614 224514 72100 799625 378817 207156 213652 197598 46552 123270 27776 1872690 1839384 31214 2092 833219 525387 126377 181455 34558 8234 6980 19344 898336 898336 585724 6564 579160 EXHIBITION EXPENSE 1518518 1518518 SECURITY 1224341 1215126 1307 7908 EXHIBITION SHIPPING 534071 534071 EQUIP, PURCH, REP, MAIN 345519 327073 4019 14427 313169 42623 134301 136245 18131247 12627039 3852817 1651391 11425931 2839079 987266 9524868 37421024 26608589 228740 442264 663910 2066571 27350 21735 30981023 28942569 2822187 2038454 91816027 21377925 79972834 19380 19380 145411815 144911699 1823415 1364282 88253 80139 1911668 1444421 X 10115227 8543303 15016766 14679961 118368154 120244014 143500147 143467278 145411815 144911699 X 3907401 -1905972 -2034298 X 0 1 X 1 0 X 14654691 15788868 88499043 38401734 18564552 175908888 14654691 15788868 88499043 38401734 18564552 175908888 59775666 116133222 1401549 882439 1260033 1850552 1261588 6656161 202932 50745 124881 163954 68818 611330 183176379 17441741 0.63400 0.62930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 256500 X X X X 1 0 120636754 1875860 -3283458 119229156 95748012 25686428 513668 1311354 120636754 21785726 70758826 4203458 1000000 95748012 20498542 9505 1277679 21785726 20406411 15900 76231 20498542 0.00810 0.98760 0.00430 0 0 100000 100000 23826863 22963115 863748 6646891 5704602 942289 407269 274852 132417 2038454 COMMINGLED FUNDS 57736632 F ALTERNATIVE INVESTMENTS 17844208 F PRIVATE INVESTMENTS 4391994 F 79972834 20132676 -1905972 -1905972 22038648 0 22038648 18253661 122414 122414 18131247 0 18131247 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 CONSOLIDATED 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 CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. 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 CONSOLIDATED 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 $1,911,884 DURING THE YEAR ENDED JUNE 30, 2016. PART III, LINE 4: MOCA HAS ONE OF THE FINEST PERMANENT COLLECTIONS OF CONTEMPORARY ART IN THE WORLD, COMPRISING JUST OVER 7,000 WORKS IN ALL MEDIA FROM 1940 TO THE PRESENT BY ESTABLISHED, AS WELL AS EMERGING, ARTISTS. DURING THE YEAR ENDED JUNE 30, 2016, MAJOR EXHIBITIONS FROM THE PERMANENT COLLECTION WERE COMPLEMENTED WITH EXHIBITIONS OF MATTHEW BARNEY, NOAH DAVIS, MAGDALENA FERNANDEZ, CATHERINE OPIE, AND THE UNDERGROUND MUSEUM. 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 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 XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 122,414. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS (SEE PART V) 28998000 0 0 0 0 0 0 28998000 0 28998000 1 0 1 0 0 0 FORM 990, PART I, LINE 3: AMOUNTS REPORTED ARE FOR INVESTMENT FUNDS DOMICILED IN CENTRAL AMERICA AND CARIBBEAN. GALA 3072288 1316964 1755324 1750511 SUPPORT COUNCIL LUNCHEON 365588 258503 107085 107085 2 13200 0 13200 18013 3451076 1575467 1875609 1875609 1875609 0 X X X X X X 0 0 0 0 0 0 0 0 0 PHILIPPE VERGNE DIRECTOR 595444 0 0 0 112810 0 16936 0 10181 0 735371 0 0 0 MICHAEL HARRISON COO/CFO 239304 0 0 0 2222 0 6465 0 8478 0 256469 0 0 0 HELEN MOLESWORTH CHIEF CURATOR 239948 0 0 0 6786 0 6672 0 12974 0 266380 0 0 0 COLLEEN CRISTE DIR OF DEVELOPMENT 229043 0 0 0 750 0 0 0 12661 0 242454 0 0 0 COHEN BROTHERS REALTY FORMER TRUSTEE, CHARLES S. COHEN IS THE OWNER AND MANAGER OF PDC. 462500 MOCA PROVIDES EXHIBITION PROGRAMMING AT THE GALLERY OF THE PACIFIC DESIGN CENTER (PDC). CHARLES S. COHEN IS THE PRESIDENT AND CEO OF COHEN BROTHERS REALTY CORPORATION, THE OWNERS AND MANAGERS OF PDC. 0 THIRD POINT LLC TRUSTEE, DANIEL S. LOEB IS THE FOUNDER AND CEO OF THIRD POINT LLC. 432693 MOCA PAID INVESTMENT MANAGEMENT FEES TO THIRD POINT LLC FOR MANAGING TWO ALTERNATIVE INVESTMENTS. 0 X 41 N/A X 13 493198 FMV 0 1 1 PART I, COLUMN (B): NONCASH DONATIONS ARE LISTED BY TOTAL NUMBER OF DONORS. PART I, LINE 32B: AUCTION HOUSES/GALLERIES ARE CONTRACTED TO LIQUIDATE GIFTS OF ART NOT ACCESSIONED INTO THE PERMANENT COLLECTION OF THE MUSEUM AND 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 2 LILLY TARTIKOFF KARATZ AND BRUCE KARATZ HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE CONTROLLER AND CFO. ONCE APPROVED BY THE CFO, THE FORM IS DISTRIBUTED FIRST TO THE AUDIT COMMITTEE OF THE BOARD, 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 A CEO/EXECUTIVE DIRECTOR IS HIRED, AN EXECUTIVE SEARCH FIRM IS RETAINED TO FIND/IDENTIFY SUITABLE CANDIDATES. AS PART OF THIS PROCESS, A COMPENSATION STUDY IS PERFORMED TO DETERMINE THE POSSIBLE COMPENSATION RANGE FOR CANDIDATES INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. THIS COMPENSATION STUDY IS COMPLETED WITH INPUT FROM MANY SOURCES, INCLUDING OTHER INSTITUTIONS' FORM 990. A WRITTEN EMPLOYMENT CONTRACT IS PREPARED FOR THE PROPOSED NEW HIRE; THE FULL BOARD MUST VOTE ON THE CANDIDATE (AND CONTRACT) PRIOR TO THE FINALIZATION OF THE HIRING PROCESS. FORM 990, PART VI, SECTION B, LINE 15B: WHEN HIRING OTHER OFFICERS OR KEY EMPLOYEES, A COMPENSATION 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 XI, LINE 9: COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -1,911,884. BAD DEBT EXPENSE -122,414. MOCA TV LLC 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 900776531 ENTERTAINMENT CA 99 1383 MUSEUM OF CONTEMPORARY ART