BROAD ART FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- BROAD ART FOUNDATION (EIN 95-4664939)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-08
- IRS object ID
- 201633139349100218
- Schema version
- 2015v2.1
- 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
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases 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 | 2016-11-08T12:01:24-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 954825872 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAMILY OFFICE FINANCIAL SERVICES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2121 AVE OF THE STARS STE 3000 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90067 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954664939 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE BROAD ART FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BROA | BusinessNameControlTxt |
| Phone | 3109545025 | 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 | CINDY S QUANE | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 3109545025 | PhoneNum |
| Signature | 2016-11-08 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CINDY S QUANE | PreparerPersonNm |
| PTIN | P01323477 | PTIN |
| Phone | 3109545025 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,104,211,367 | 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 | $3,600,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $331,056 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $331,056 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $331,056 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $4,078,214 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $4,672,566 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $4,078,214 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $20,909,938 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $45,328,811 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $14,030,767 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Incm Modifications Adj Net Incm | $1,857,765 | IncmModificationsAdjNetIncmAmt |
| Other Income Rev And Expnss | $384,269 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $543,816 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $413,700 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $29,303,477 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $19,578,205 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $6,680,735 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $102,500 | 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 | $102,500 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $70,750 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $70,750 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | -$218,958 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $147,879 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $15,704 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $15,704 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $43,260 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $21,630 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $21,630 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,171,402 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $245,451 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $245,451 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $900,076 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $319,085 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $300,235 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $32,194 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $74,565 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $79,394 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $52,177 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $31,549 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $612 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $612 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,044,959 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $648,696 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $451,916 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $899,901 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $5,708,250 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $915,777 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $697,367 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,570,230 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,193,882 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $16,212,054 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $15,902,132 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $915,777 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $697,367 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $18,782,284 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $13,401,345 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $18,662,428 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $5,983,368 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $315,382 | CashBOYAmt |
| Cash EOY | $452 | CashEOYAmt |
| Cash EOYFMV | $452 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $70,531,539 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $27,051,292 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $27,051,292 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $114,689,082 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $92,510,681 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $92,510,681 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $68,834 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $19,892 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $1,920,134 | LandBOYAmt |
| Land EOY | $48,942 | LandEOYAmt |
| Land EOYFMV | $48,942 | LandEOYFMVAmt |
| Other Assets BOY | $428,560,120 | OtherAssetsBOYAmt |
| Other Assets EOY | $464,554,820 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $984,600,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $616,016,257 | TotalAssetsBOYAmt |
| Total Assets EOY | $584,166,187 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,104,211,367 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $549,340 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $265,583 | AccountsPayableEOYAmt |
| Grants Payable BOY | $95,490,219 | GrantsPayableBOYAmt |
| Grants Payable EOY | $69,388,713 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $278,835 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $297,685 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $96,318,394 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $69,951,981 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $519,697,863 | UnrestrictedBOYAmt |
| Unrestricted EOY | $514,214,206 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $519,697,863 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $514,214,206 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $616,016,257 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $584,166,187 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $519,697,863 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $13,401,345 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $533,099,208 | SubtotalAmt |
| Other Decreases | $18,885,002 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $514,214,206 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| 675,000 SHS HEWG | 2015-03-20 | 2015-11-25 | $17,316,555 | $19,209,236 | -$1,892,681 | -$1,892,681 | |
| MATTHEWS PACIFIC TIGER LTCG | 2009-05-01 | 2015-12-31 | $2,208 | $2,208 | $2,208 | ||
| PERRY PARTNERS | 2002-10-30 | 1937-01-27 | $79,351 | $79,351 | $79,351 | P | |
| EURO CURRENCY HEDGE | 2015-03-17 | 2015-09-21 | $707,965 | -$707,965 | -$707,965 | P | |
| EURO CURRENCY HEDGE | 2015-03-19 | 2015-09-24 | $629,907 | -$629,907 | -$629,907 | P | |
| EURO CURRENCY HEDGE | 2015-09-22 | 2015-12-22 | $1,010,238 | $1,010,238 | $1,010,238 | P | |
| ECKART "ICON-TYPE #803 | 1988-06-06 | 2015-12-07 | $16,000 | -$16,000 | -$16,000 | P | |
| MURAKAMI 100 ARHATS | 2013-05-24 | 2015-05-11 | $2,000,000 | $2,000,000 | $0 | $0 | P |
| 3355 BARNARD WAY, SANTA MONICA, CA | 1988-04-14 | 2015-05-29 | $15,756,096 | $1,841,765 | $13,914,331 | $13,914,331 | P |
| TPG CO-INVEST | 2009-10-27 | 2015-12-31 | $3,112,843 | $3,112,843 | $0 | $0 | P |
| PARTNERSHIP PASS THROUGH - ST | 2015-01-01 | 2015-12-31 | $18,649 | $180,557 | -$161,908 | -$161,908 | P |
| PARTNERSHIP PASS THROUGH - LT | 2014-01-01 | 2015-12-31 | $6,032,871 | $3,599,771 | $2,433,100 | $2,433,100 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $14,030,767 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$2,302,872 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $48,925,852 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $166,581,609 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.293705 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $51,272,387 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $168,663,312 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.303993 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $15,961,340 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $171,262,131 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.093198 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $29,913,710 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $177,999,702 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.168055 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $45,140,982 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $155,550,534 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.290201 | DistributionYr5Rt |
| Total Distribution | 1.149152 | TotalDistributionRt |
| Average Distribution | 0.229830 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $148,117,413 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $34,041,825 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $186,624 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $34,228,449 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $54,806,984 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $186,624 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $186,624 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $186,624 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $340,474 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $340,474 | TotalPaymentsAndCreditsAmt |
| Overpayment | $153,850 | OverpaymentAmt |
| Applied To ES Tax | $153,850 | 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.BROADARTFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | CINDY S QUANE | IndividualWithBooksNm |
| Phone | 3109545025 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2121 AVENUE OF THE STARS | 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 | 0 | BusinessHoldingsInd |
| 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 | TRUSTEE | 10.00 | $0 | $0 | $0 |
| EDYTHE BROAD | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | TRUSTEE | 10.00 | $0 | $0 | $0 |
| JOANNE HEYLER | ||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | MNG DIR/CHF CUR | 10.00 | $102,500 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | 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 AVENUE OF THE STARS STE 3000 | LOS ANGELES | CA | 90067 | ACCTG, TAX, TECHNOLOGY & HR | $334,618 |
| FINN PARTNERS INC | |||||
| 301 E 57TH ST | NEW YORK | NY | 10022 | PUBLIC RELATIONS | $319,730 |
| FAMILY OFFICE INVESTMENT SERVICES LLC | |||||
| 2121 AVENUE OF THE STARS STE 3000 | LOS ANGELES | CA | 90067 | INVESTMENT MGT | $179,209 |
| JEFFREY DEITCH INC | |||||
| 76 GRAND STREET | NEW YORK | NY | 10013 | ART CONSULTANT | $85,770 |
| ROSANNA FLOUTY CONSULTING | |||||
| 111 THIRD AVENUE | NEW YORK | NY | 10003 | TRAINING DEVELOPMENT | $62,617 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ART EXHIBITION, STUDY, AND LOAN PROGRAM (SEE ATTACHED DESCRIPTION OF ACTIVITIES) | Description1Txt |
| Expenses1 | $2,269,995 | Expenses1Amt |
| Description2 | ART ACQUISITION PROGRAM (SEE ATTACHED STATEMENTS) | Description2Txt |
| Expenses2 | $27,524,700 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | LOAN TO THE BROAD, A NEW PUBLIC CONTEMPORARY ART MUSEUM IN DOWNTOWN LOS ANGELES, FOR CONSTRUCTION AND NON-RECURRING OPERATING EXPENSES. | Description1Txt |
| Expenses1 | $8,500,000 | Expenses1Amt |
| Total | $8,500,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $32,323,043 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $118,049,965 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $150,373,008 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $150,373,008 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,255,595 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $148,117,413 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $7,405,871 | 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 | $18,782,284 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $8,500,000 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $27,524,700 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $54,806,984 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $186,624 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $54,620,360 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 1998-04-30 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $5,983,368 | CurrentYearAmt |
| Year1 | $4,200,060 | Year1Amt |
| Year2 | $3,853,081 | Year2Amt |
| Year3 | $4,806,585 | Year3Amt |
| Total | $18,843,094 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $5,085,863 | CurrentYearAmt |
| Year1 | $3,570,051 | Year1Amt |
| Year2 | $3,275,119 | Year2Amt |
| Year3 | $4,085,597 | Year3Amt |
| Total | $16,016,630 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $54,806,984 | CurrentYearAmt |
| Year1 | $49,119,894 | Year1Amt |
| Year2 | $51,600,288 | Year2Amt |
| Year3 | $15,961,340 | Year3Amt |
| Total | $171,488,506 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $24,712,054 | CurrentYearAmt |
| Year1 | $12,735,800 | Year1Amt |
| Year2 | $677,859 | Year2Amt |
| Year3 | $576,693 | Year3Amt |
| Total | $38,702,406 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $30,094,930 | CurrentYearAmt |
| Year1 | $36,384,094 | Year1Amt |
| Year2 | $50,922,429 | Year2Amt |
| Year3 | $15,384,647 | Year3Amt |
| Total | $132,786,100 | 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 | $4,937,247 | CurrentYearAmt |
| Year1 | $5,552,720 | Year1Amt |
| Year2 | $5,622,111 | Year2Amt |
| Year3 | $5,708,738 | Year3Amt |
| Total | $21,820,816 | 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) |
|---|---|---|
| Contributing Manager | ELI BROAD | ContributingManagerNm |
| Contributing Manager | EDYTHE BROAD | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (38 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| 826LA | |||||||
| 1714 W SUNSET BLVD | LOS ANGELES | CA | 90026 | NONE | PC | GENERAL FUND | $1,500 |
| AAMC FOUNDATION | |||||||
| 174 EAST 80TH STREET | NEW YORK | NY | 10075 | NONE | PC | SUPPORT FOR MENTORSHIP PROGRAM | $2,500 |
| AMERICAN ASSOC ROYAL ACADEMY TRUST | |||||||
| 526 WEST 26TH STREET | NEW YORK | NY | 10001 | NONE | PC | GENERAL FUND | $15,000 |
| AMERICAN FEDERATION OF ARTS | |||||||
| 305 EAST 47TH STREET 10TH FLOOR | NEW YORK | NY | 10017 | NONE | PC | GENERAL FUND | $500 |
| AMERICAN FRIENDS OF FONDATION BEYELER | |||||||
| 423 WEST 14TH STREET | NEW YORK | NY | 10014 | NONE | PC | GENERAL FUND | $10,000 |
| ARMAND HAMMER MUSEUM OF ART | |||||||
| 10899 WILSHIRE BOULEVARD | LOS ANGELES | CA | 900244201 | NONE | PC | EXHIBITION SUPPORT: MARK BRADFORD, SCORCHED EARTH | $75,000 |
| ARMAND HAMMER MUSEUM OF ART | |||||||
| 10899 WILSHIRE BOULEVARD | LOS ANGELES | CA | 900244201 | NONE | PC | SUPPORT FOR THE JOHN V. TUNNEY BRIDGE | $50,000 |
| ARMAND HAMMER MUSEUM OF ART | |||||||
| 10899 WILSHIRE BOULEVARD | LOS ANGELES | CA | 900244201 | NONE | PC | GENERAL FUND | $23,500 |
| ART PRACTICE | |||||||
| 4346 DEGNAN BLVD | LOS ANGELES | CA | 90008 | NONE | OP FDN | GENERAL FUND | $10,000 |
| ARTTABLE INC | |||||||
| 1 EAST 53RD STREET 5TH FLOOR | NEW YORK | NY | 10022 | NONE | PC | GENERAL FUND | $5,000 |
| BARDO LA | |||||||
| 111 HAMLET STREET | LOS ANGELES | CA | 90042 | NONE | PC | TOWARDS EXHIBITION: "WE MUST RISK DELIGHT" | $5,000 |
| CHARITIES AID FOUNDATION AMERICA | |||||||
| 1800 DIAGONAL ROAD | ALEXANDRIA | VA | 223142840 | NONE | PC | EXHIBITION SUPPORT: LEON GOLUB | $25,000 |
| DIA ART FOUNDATION | |||||||
| 535 WEST 22ND STREET | NEW YORK | NY | 10011 | NONE | PC | GENERAL FUND | $2,640 |
| DOWNTOWN LOS ANGELES ART WALK | |||||||
| 411 S MAIN ST STE M 102 | LOS ANGELES | CA | 90013 | NONE | PC | GENERAL FUND | $1,000 |
| FOUNDATION ART & PRESERVATIONEMBASSIES | |||||||
| 1725 I STREET NW SUITE 300 | WASHINGTON | DC | 20006 | NONE | PC | GENERAL FUND | $2,500 |
| FRICK COLLECTION | |||||||
| 10 E 71 STREET | NEW YORK | NY | 10021 | NONE | PC | GENERAL FUND | $3,000 |
| GRAND PERFORMANCES | |||||||
| 350 S GRAND AVE SUITE A-4 | LOS ANGELES | CA | 90071 | NONE | PC | GENERAL FUND | $4,450 |
| GUILD HALL | |||||||
| 158 MAIN STREET | EAST HAMPTON | NY | 11937 | NONE | PC | EXHIBITION SUPPORT: ROY LICHTENSTEIN, BETWEEN SEA AND SKY | $5,000 |
| HENRY STREET SETTLEMENT | |||||||
| 265 HENRY STREET | NEW YORK | NY | 10002 | NONE | PC | GENERAL FUND | $900 |
| INNER-CITY ARTS | |||||||
| 720 KOHLER STREET | LOS ANGELES | CA | 90021 | NONE | PUBLIC CHARITY | GENERAL FUND | $1,060 |
| JUDD FOUNDATION | |||||||
| 101 SPRING STREET | NEW YORK | NY | 10012 | NONE | PUBLIC CHARITY | SUPPORT TO COMPLETE A CATALOGUE RAISONNE OF DONALD JUDD'S WORK | $2,500 |
| LOS ANGELES COUNTY MUSEUM OF ART | |||||||
| 5905 WILSHIRE BOULEVARD | LOS ANGELES | CA | 90036 | NONE | PUBLIC CHARITY | GENERAL FUND | $19,576 |
| METROPOLITAN MUSEUM OF ART | |||||||
| 1000 5TH AVENUE | NEW YORK | NY | 10028 | NONE | PUBLIC CHARITY | GENERAL FUND | $58,200 |
| MUSEUM OF CONTEMPORARY ART | |||||||
| 250 SOUTH GRAND AVENUE | LOS ANGELES | CA | 90012 | NONE | PUBLIC CHARITY | GENERAL FUND | $98,850 |
| MUSEUM OF CONTEMPORARY ART | |||||||
| 250 SOUTH GRAND AVENUE | LOS ANGELES | CA | 90012 | NONE | PUBLIC CHARITY | GENERAL FUND | $48,850 |
| MUSEUM OF MODERN ART | |||||||
| 11 WEST 53 STREET | NEW YORK | NY | 10019 | NONE | PUBLIC CHARITY | GENERAL FUND | $150,000 |
| NATIONAL GALLERY OF ART | |||||||
| 2000B SOUTH CLUB DRIVE | LANDOVER | MD | 20785 | NONE | PUBLIC CHARITY | GENERAL FUND | $15,000 |
| NEW YORK ACADEMY OF ART | |||||||
| 111 FRANKLIN STREET | NEW YORK | NY | 10013 | NONE | PUBLIC CHARITY | GENERAL FUND | $1,200 |
| PORTLAND ART MUSEUM | |||||||
| 1219 SW PARK AVENUE | PORTLAND | OR | 97205 | NONE | PUBLIC CHARITY | SUPPORT FOR EXHIBITIONS PROGRAM | $25,000 |
| SANTA MONICA MUSEUM OF ART | |||||||
| 2525 MICHIGAN AVENUE | SANTA MONICA | CA | 90404 | NONE | PUBLIC CHARITY | GENERAL FUND | $5,000 |
| SKOWHEGAN SCHOOL OF PAINTING & SCULPTURE | |||||||
| 200 PARK AVENUE SOUTH STE 1116 | NEW YORK | NY | 10003 | NONE | PUBLIC CHARITY | GENERAL FUND | $1,000 |
| TATE AMERICAS FOUNDATION | |||||||
| 520 WEST 27TH STREET UNIT 404 | NEW YORK | NY | 100015548 | NONE | PUBLIC CHARITY | GENERAL FUND | $7,692 |
| TATE AMERICAS FOUNDATION | |||||||
| 520 WEST 27TH STREET UNIT 404 | NEW YORK | NY | 100015548 | NONE | PUBLIC CHARITY | GENERAL FUND | $7,636 |
| THE BROAD | |||||||
| 221 S GRAND AVENUE | LOS ANGELES | CA | 90012 | NONE | OP FDN | SUPPORT FOR THE MUSEUM OPENING | $3,500,000 |
| THE BROAD | |||||||
| 221 S GRAND AVENUE | LOS ANGELES | CA | 90012 | NONE | OP FDN | TOWARDS OPERATING SUPPORT | $12,000,000 |
| THE INDUSTRY PRODUCTIONS | |||||||
| 244 S SAN PEDRO STREET SUITE 304 | LOS ANGELES | CA | 90012 | NONE | PUBLIC CHARITY | EXHIBITION SUPPORT: HOPSCOTCH, A MOBILE OPERA FOR 24 CARS | $500 |
| WHITNEY MUSEUM OF AMERICAN ART | |||||||
| 945 MADISON AVENUE AT 75TH STREET | NEW YORK | NY | 10021 | NONE | PUBLIC CHARITY | TOWARDS WHITNEY FELLOWS PROGRAM | $2,500 |
| WHITNEY MUSEUM OF AMERICAN ART | |||||||
| 945 MADISON AVENUE AT 75TH STREET | NEW YORK | NY | 10021 | NONE | PUBLIC CHARITY | EXHIBITION SUPPORT: FRANK STELLA | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $16,212,054 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $331,056 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,078,214 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $384,269 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $20,909,938 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $25,703,477 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $25,703,477 | TotalIncomeProducingActyAmt |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | ELI AND EDYTHE L BROAD | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2121 AVENUE OF THE STARS SUITE 3000 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90067 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $3,600,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AUDIT FEES | CategoryTxt |
| Amt | $43,260 | Amt |
| Net Investment Income | $21,630 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $21,630 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt |
|---|---|---|---|---|---|---|---|---|---|
| THE BROAD | |||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | 2014-12-15 | $12,000,000 | OPERATING SUPPORT | $12,000,000 | NONE | SEPTEMBER 2016 |
| ART PRACTICE | |||||||||
| 4346 DEGNAN BOULEVARD | LOS ANGELES | CA | 90008 | 2015-04-09 | $10,000 | CONTEMPORARY ART PROGRAMS | $10,000 | NONE | JULY 2016 |
| THE BROAD | |||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | 2015-11-15 | $8,500,000 | LOAN FOR CONSTRUCTION AND NONRECURRING OPERATING EXPENSES. | $8,500,000 | NONE | SEPTEMBER 2016 |
| THE BROAD | |||||||||
| 2121 AVENUE OF THE STARS SUITE 3000 | LOS ANGELES | CA | 90067 | 2015-07-15 | $3,500,000 | NON-RECURRING OPERATING EXPENSES RELATED TO THE OPENING OF THE MUSEUM | $3,500,000 | NONE | SEPTEMBER 2016 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUMMARY OF DIRECT CHARITABLE ACTIVITIES | IdentifierTxt |
| Form And Line Reference | FORM 990-PF, PART IX-A | FormAndLineReferenceDesc |
| Medium Explanation | THE BROAD ART FOUNDATION IS A PRIVATE OPERATING FOUNDATION CREATED IN 1984 (ON JULY 1, 1999, BASED ON AN IRS RULING RECEIVED 4/30/98, ALL THE ASSETS OF THE ELI BROAD FAMILY FOUNDATION WERE TRANSFERRED TO A NEWLY FORMED TRUST, THE BROAD ART FOUNDATION). THE PURPOSE OF THE FOUNDATION IS TO BUILD A COLLECTION OF CONTEMPORARY ART FOR LOAN TO MUSEUMS AND UNIVERSITY AND COLLEGE ART GALLERIES. NOW IN ITS THIRTY-SECOND YEAR OF ACTIVITY, THE FOUNDATION IS AN EDUCATIONAL AND LENDING RESOURCE PROMOTING KNOWLEDGE AND APPRECIATION OF THE BEST OF CONTEMPORARY ART AND FACILITATING THE EXHIBITION PROGRAMMING OF EXISTING ART INSTITUTIONS.THE COLLECTIONTHROUGH THE SELECTIVE ACQUISITION OF KEY WORKS OF CONTEMPORARY ART, THE FOUNDATION CONTINUES ITS ONGOING COMMITMENT TO THE GROWTH OF ITS COLLECTION. TARGETING LATE 20TH AND EARLY 21ST CENTURY ARTISTIC DEVELOPMENTS, THE FOUNDATION STRIVES TO COLLECT WORKS OF UNPARALLELED IMPORTANCE IN THE RECENT HISTORY OF AMERICAN ART. DURING 2015, THE FOUNDATION BROADENED ITS HOLDINGS OF SEVERAL KEY ARTISTS, INCLUDING ROBERT LONGO, NEO RAUCH, GEORGE CONDO, ANDREAS GURSKY, MARK GROTJAHN, TAKASHI MURAKAMI, LUC TUYMANS, JOHN CURRIN, DOUG AITKEN, STERLING RUBY, JOHN BALDESSARI, CY TWOMBLY, CHRISTOPHER WOOL, JEFF KOONS, AND JULIE MEHRETU. ADDITIONALLY, THE FOUNDATION INTRODUCED TAUBA AUERBACH, ALEX ISRAEL, ELLA KRUGLYANSKAYA, JORDAN WOLFSON, AND JONAS WOOD TO THE COLLECTION. THE NUMBER OF WORKS IN THE COLLECTION NOW TOTALS 1,513. PUBLIC ACCESSIBILITYTHE FOUNDATION MOVED FROM ITS ORIGINAL OFFICE AND EXHIBITION SPACE, WHICH IT HAD OCCUPIED SINCE 1988, INTO ITS NEW HEADQUARTERS AT THE BROAD MUSEUM IN DOWNTOWN LOS ANGELES ON MAY 15, 2015. IN ITS ORIGINAL SPACE, THE FOUNDATION HAD LIMITED ABILITY TO MAKE ITS ARTWORKS AVAILABLE FOR VIEW EITHER TO THE PUBLIC OR TO ART PROFESSIONALS. THE SPACE WAS NOT LARGE ENOUGH TO HOLD ALL THE WORKS IN THE COLLECTION, SO MOST WERE STORED IN CRATES OFF SITE. THIS MEANT THAT MUSEUM PERSONNEL WISHING TO BORROW OR SCHOLARS WISHING TO STUDY WORKS OF ART EITHER HAD TO WORK FROM PHOTOGRAPHS OR THAT FOUNDATION STAFF HAD TO GO TO A STORAGE FACILITY, UNCRATE THE ARTWORK AND BRING THE ART PROFESSIONAL TO SEE IT, SOMETHING THAT WAS INEFFICIENT AND NOT OPTIMAL FOR THE PRESERVATION OF THE ART. FURTHER, THE ORIGINAL BUILDING WAS A PRIVATE FACILITY OPEN ONLY BY APPOINTMENT. WITH ITS MOVE TO THE BROAD, THE FOUNDATION IMMEDIATELY AND SIGNIFICANTLY INCREASED THE ACCESSIBILITY OF THE COLLECTION AND THEREBY ENHANCED THE FOUNDATION'S LENDING PROGRAM. THE GALLERIES OF THE BROAD MUSEUM DISPLAY A LARGE NUMBER OF LOANS FROM THE BROAD ART FOUNDATION, ALLOWING BOTH THE PUBLIC AND ART PROFESSIONALS TO SEE THE WORKS FIRST HAND, IN SITU. IN ADDITION, THE BROAD WAS DELIBERATELY DESIGNED WITH STATE-OF-THE-ART, ON-SITE STORAGE FACILITIES THAT ALLOW CONSOLIDATION OF THE COLLECTION UNDER ONE ROOF AND PERMIT ART PROFESSIONALS EASILY AND EFFICIENTLY TO VIEW THE ORIGINAL WORKS. THE GREATLY ENHANCED ACCESSIBILITY SERVES TO ENCOURAGE THE STUDY AND LENDING OF WORKS FROM THE BROAD ART FOUNDATION COLLECTION TO OTHER PUBLIC INSTITUTIONS. LOAN ACTIVITYTHE CENTERPIECE OF THE FOUNDATION'S ACTIVITIES IS ITS LENDING PROGRAM. IN 2015, IN ADDITION TO THE BROAD, 15 PUBLIC VENUES AVAILED THEMSELVES OF 22 FOUNDATION LOANS. AMONG THE MAJOR MUSEUMS AND ARTS INSTITUTIONS BORROWING FROM THE FOUNDATION WERE: ART GALLERY OF ONTARIO, TORONTO, CANADA; CENTRE GEORGES POMPIDOU, MUS E NATIONAL D'ART MODERNE, PARIS, FRANCE; FLORENCE GRISWOLD MUSEUM, OLD LYME, CONNECTICUT; FRIST CENTER FOR THE VISUAL ARTS, NASHVILLE, TENNESSEE; GAGOSIAN GALLERY, NEW YORK, NEW YORK; GALLERIA CIVICA D'ARTE MODERNA E CONTEMPORANEA, TORINO, ITALY; GUGGENHEIM MUSEUM, BILBAO, BILBAO, SPAIN; KUNSTHAUS Z RICH, Z RICH, SWITZERLAND; MODERN ART MUSEUM OF FORT WORTH, FORT WORTH, TEXAS; MUSEO RUFINO TAMAYO, MEXICO CITY, MEXICO; NEVADA MUSEUM OF ART, RENO, NEVADA; PIVOT ART + CULTURE/VULCAN INC, SEATTLE, WASHINGTON; SERPENTINE GALLERY, LONDON, ENGLAND; THE BRANT FOUNDATION ART STUDY CENTER, GREENWICH, CONNECTICUT; AND THE HUNTINGTON LIBRARY, ART COLLECTIONS, AND BOTANICAL GARDENS, SAN MARINO, CALIFORNIA. WITHIN THE BROAD'S OWN GALLERIES, 197 WORKS FROM THE COLLECTION OF THE BROAD ART FOUNDATION WERE ON VIEW TO THE PUBLIC. | MediumExplanationTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INTERNATIONAL FIXED INCOME | FMV | $8,962,867 | $8,962,867 |
| INTERNATIONAL EQUITY | FMV | $13,488,765 | $13,488,765 |
| HEDGE FUNDS | FMV | $22,332,399 | $22,332,399 |
| LBO FUNDS | FMV | $3,883,607 | $3,883,607 |
| DISTRESSED - PRIVATE EQUITY | FMV | $20,437,832 | $20,437,832 |
| REAL ESTATE AND HARD ASSETS | FMV | $3,260,313 | $3,260,313 |
| VENTURE CAPITAL | FMV | $12,975,050 | $12,975,050 |
| SECONDARIES | FMV | $7,145,460 | $7,145,460 |
| DERIVITIVES | FMV | $24,388 | $24,388 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAND | $0 | $0 | ||
| BUILDING | $0 | $0 | ||
| IMPROVEMENTS | $48,373 | $13,820 | $34,553 | $34,553 |
| FURNITURE AND FIXTURES | $17,651 | $5,044 | $12,607 | $12,607 |
| COMPUTERS & EQUIPMENT | $2,810 | $1,028 | $1,782 | $1,782 |
| SOFTWARE | $0 | $0 | ||
| CONSTRUCTION IN PROGRESS | $0 | $0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $15,704 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $15,704 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CURRENT ASSETS - ART | $8,100,000 | $9,500,000 | $9,500,000 |
| FINE ARTS COLLECTION AND ART LIBRARY | $420,460,120 | $446,554,820 | $966,600,000 |
| PROGRAM RELATED INVESTMENT | $0 | $8,500,000 | $8,500,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED LOSS | $18,884,973 |
| PRIOR PERIOD ADJUSTMENT | $29 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| DIRECT ART PROGRAM EXPENSE | $671,994 | $0 | $0 | $671,994 |
| INSURANCE | $161,250 | $0 | $0 | $161,250 |
| OFFICE SUPPLIES & EXPENSE | $51,721 | $0 | $0 | $51,710 |
| MEDIA | $2,846 | $0 | $0 | $2,846 |
| EVENTS AND PROMOTION | $12,101 | $0 | $0 | $12,101 |
| INVESTMENT FEES AND EXPENSE | $3,145,047 | $648,696 | $451,916 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PASS THROUGH OTHER INV INC. | Desc |
| Revenue And Expenses Per Books | $384,269 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $543,816 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $413,700 | AdjustedNetIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED TAX LIABILITY | Desc |
| BOY Book Value | $278,835 | BOYBookValueAmt |
| EOY Book Value | $297,685 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ACCTG AND ADMIN MGMT | $611,966 | $245,451 | $245,451 | $305,640 |
| OTHER PROFESSIONAL FEES | $15,995 | $0 | $0 | $15,995 |
| RESEARCH & COLLECT MGMT | $227,293 | $0 | $0 | $227,293 |
| TECHNOLOGY | $31,418 | $0 | $0 | $31,418 |
| PUBLIC RELATIONS | $284,730 | $0 | $0 | $319,730 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| EXCISE TAX ON INVESTMENT INCOME | $318,850 | $0 | $0 | $300,000 |
| FILING FEES | $235 | $0 | $0 | $235 |
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