2014-08-01T11:27:10-05:00 2013-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2012-07-01 952264067 MUSEUM ASSOCIATES MUSE 3238576142 5905 WILSHIRE BLVD LOS ANGELES CA 90036 ANN ROWLAND 3238576142 2014-07-31 1 LIOR TEMKIN P00748170 3104773924 2014-07-31 2012 2015-11-30 17:44:51Z X LOS ANGELES COUNTY MUSEUM OF ART (LACMA) ANN ROWLAND 5905 WILSHIRE BLVD LOS ANGELES CA 90036 85391917 0 X WWW.LACMA.ORG X 1938 CA SEE SCHEDULE O 54 53 446 721 500025 -22113 40644892 42375861 34559276 34447790 2537927 1517133 3004261 3389657 80746356 81730441 70000 382000 0 0 27857814 28658984 10000 0 4441199 84092911 76190021 112030725 105231005 -31284369 -23500564 660462075 679823372 446723962 438007283 213738113 241816089 X SEE SCHEDULE O 0 0 37098094 382000 3252701 EXHIBITION, CURATORIAL, CONSERVATION & ART PROGRAMSLACMA PRESENTED 14 SPECIAL EXHIBITIONS AND 18 DEPARTMENTAL ROTATIONS IN FISCAL 20122013, FEATURING ARTWORKS FROM ITS OWN COLLECTION AND FROM LENDERS AROUND THE WORLD. PUBLIC PROGRAMS, FILMS, AND CONCERTS ARE DEVELOPED IN COORDINATION WITH SPECIAL EXHIBITIONS. MANY WORKS FROM THE MUSEUM'S COLLECTION OF OVER 120,000 OBJECTS ARE TREATED BY CONSERVATORS, WHILE THE MUSEUM'S RESEARCH LIBRARY AND SCHOLARLY PUBLICATIONS PROVIDE REFERENCE SUPPORT TO MUSEUM STAFF AND OUTSIDE SCHOLARS. ALL OF THESE ACTIVITIES SERVE TO MEET THE GOALS OF CONSERVATION, EXHIBITION AND INTERPRETATION OF THE ART INTO MEANINGFUL AESTHETIC, INTELLECTUAL, AND CULTURAL EXPERIENCES. 28863646 FACILITY ENHANCEMENTFINANCING AND DEPRECIATION EXPENSE REPRESENT AMORTIZATION OF THE CAPITALIZED COSTS OF CONSTRUCTING THE MUSEUM'S PHYSICAL FACILITIES, AN ACTIVITY THAT IS ONE OF THE CORE REASONS MUSEUM ASSOCIATES WAS FOUNDED. THIS CATEGORY OF EXPENSE ALSO REFLECTS SOME ON-GOING ACTIVITY FOR PROJECTS THAT WERE NOT CAPITALIZED, SUCH AS ARCHITECTURAL PLANNING. 11009120 410563 PUBLIC SERVICES & ENGAGEMENTIT IS A MUSEUM GOAL TO CONTINUOUSLY EXPAND AND SERVE AUDIENCES OF ALL AGES, ETHNICITIES, AND SOCIO-ECONOMIC BACKGROUNDS BY CREATING WELCOMING ENVIRONMENTS AND PROGRAMS. THIS IS ACCOMPLISHED THROUGH A VARIETY OF MEANS, INCLUDING THE MUSEUM MAGAZINE, SPECIAL EVENTS, PROMOTIONAL CAMPAIGNS, CAMPUS WAY-FINDING MEDIA, AND ON-SITE STAFF PROVIDING SERVICE TO THE PUBLIC. 14284123 31559907 THE MUSEUM COLLECTS WORKS OF ART IN ALL MEDIA, FROM EVERY HISTORICAL PERIOD, AND FROM EVERY CORNER OF THE GLOBE TO ENHANCE ITS PERMANENT COLLECTION. EXPENSES REFLECT FUNDS PAID BY THE MUSEUM FOR THE ACQUISITION OF ART WORKS, BUT DO NOT REFLECT THE VALUE OF IN-KIND GIFTS OF ART. THE MUSEUM ALSO WORKS TO EXTEND THE MUSEUM EXPERIENCE IN THE FULLEST POSSIBLE WAY TO THE WIDEST POSSIBLE AUDIENCE. TO ACHIEVE THIS GOAL, IT OFFERS MANY EDUCATIONAL OUTREACH PROGRAMS IN LOCAL SCHOOLS AND ON-SITE FOR CHILDREN AND TEENS AS WELL AS CLASSES AND OTHER PROGRAMS AND INTERPRETIVE MATERIALS FOR COLLEGE STUDENTS AND ADULTS. IT ALSO PROVIDES IMAGES, INFORMATION, AND OTHER WAYS TO ACCESS ITS COLLECTIONS AND PROGRAMS THROUGH THE WEB AND MANY OTHER DIGITAL MEDIA. 14284123 31559907 91254983 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 430 0 1 446 1 1 1 0 0 0 0 1 1 0 0 0 0 X 54 53 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X ANN ROWLAND CHIEF FINANCIAL OFFICER 3238576142 5905 WILSHIRE BLVD LOS ANGELES CA 90036 ANDREW GORDON 0.50 X X 0 0 0 TERRY SEMEL 0.50 X X 0 0 0 WILLIAM H AHMANSON 0.50 X X 0 0 0 WILLOW BAY 0.50 X X 0 0 0 ROBERT KOTICK 0.50 X X 0 0 0 LYNDA RESNICK 0.50 X X 0 0 0 TONY RESSLER 0.50 X X 0 0 0 WALLIS ANNENBERG 0.50 X 0 0 0 MARK ATTANASIO 0.50 X 0 0 0 FRANK E BAXTER 0.50 X 0 0 0 COLLEEN BELL 0.50 X 0 0 0 DR REBECKA BELLDEGRUN 0.50 X 0 0 0 NICOLAS BERGGRUEN 0.50 X 0 0 0 DAVID C BOHNETT 0.50 X 0 0 0 SUZANNE DEAL BOOTH 0.50 X 0 0 0 BRIGITTE BREN 0.50 X 0 0 0 EVA CHOW 0.50 X 0 0 0 ANN COLGIN 0.50 X 0 0 0 KELVIN DAVIS 0.50 X 0 0 0 KELLY DAY 0.50 X 0 0 0 JOSHUA S FRIEDMAN 0.50 X 0 0 0 TOM GORES 0.50 X 0 0 0 BRIAN GRAZER 0.50 X 0 0 0 BRAD GREY 0.50 X 0 0 0 GHADA IRANI 0.50 X 0 0 0 VICTORIA JACKSON 0.50 X 0 0 0 SUZANNE KAYNE 0.50 X 0 0 0 LYN DAVIS LEAR 0.50 X 0 0 0 BRYAN LOURD 0.50 X 0 0 0 MICHAEL LYNTON 0.50 X 0 0 0 ROBERT F MAGUIRE III 0.50 X 0 0 0 JAMIE MCCOURT 0.50 X 0 0 0 RICHARD MERKIN MD 0.50 X 0 0 0 HEATHER MNUCHIN 0.50 X 0 0 0 WENDY STARK MORRISSEY 0.50 X 0 0 0 JANE NATHANSON 0.50 X 0 0 0 PETER NORTON 0.50 X 0 0 0 GEOFFREY PALMER 0.50 X 0 0 0 VIVECA PAULIN-FERRELL 0.50 X 0 0 0 ANTHONY N PRITZKER 0.50 X 0 0 0 JANET DREISEN REPPAPORT 0.50 X 0 0 0 EDWARD P ROSKI JR 0.50 X 0 0 0 STEVEN F ROTH 0.50 X 0 0 0 CAROLE BAYER SAGER 0.50 X 0 0 0 FLORENCE SLOAN 0.50 X 0 0 0 ERIC SMIDT 0.50 X 0 0 0 MICHAEL G SMOOKE 0.50 X 0 0 0 BARBRA STREISAND 0.50 X 0 0 0 SANDRA W TERNER 0.50 X 0 0 0 STEVE TISCH 0.50 X 0 0 0 CASEY WASSERMAN 0.50 X 0 0 0 ELAINE WYNN 0.50 X 0 0 0 DASHA ZHUKOVA 0.50 X 0 0 0 GABRIELA GARZA 0.50 X 0 0 0 MICHAEL GOVAN 40.00 X 900122 151926 223650 FRED GOLDSTEIN 40.00 X 289260 0 54407 ANN ROWLAND 40.00 X 66730 135804 93671 THERESA MORELLO 40.00 X 259129 0 48739 NANCY THOMAS 40.00 X 102251 113376 77504 MARK MITCHELL 40.00 X 189764 0 33887 JANE BURRELL 40.00 X 127174 68395 61863 STEPHANIE BARRON 40.00 X 70887 98035 68211 MELISSA BOMES 40.00 X 189445 0 19757 JOHN BOWSHER 40.00 X 210919 0 39451 MARK GILBERG 40.00 X 162107 0 41793 ALVARO VASQUEZ 40.00 X 176863 0 21812 2744651 567536 784745 38 1 1 0 ALLIED BARTON SECURITY SERVICES EIGHT TOWER BRIDGE 161 WASHINGTON CONSHOHOCKEN PA 19428 SECURITY & PROTECTIVE SERVICES 5781469 EMMERT 11811 SE HIGHWAY 2012 CLAKAMAS OR 97015 TRANSPORT 4421008 MATT CONSTRUCTION 9814 NORWALK BLVD STE 100 SANTA FE SPRINGS CA 90670 CONSTRUCTION 2256037 PATINA GROUP 1150 S OLIVE ST SUITE TG25 LOS ANGELES CA 90015 CATERING 1212340 SODEXO INC & AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 CUSTODIAL SERVICES 1097649 34 X 7386973 4726701 630033 29632154 2707912 42375861 COUNTY OPERATING CONTR 900099 22310000 22310000 ADMISSIONS 900099 5928206 5928206 EXHIBITION REVENUE 900099 3252701 3252701 PARKING REVENUE 900099 1165548 1165548 TUITION REVENUE 900099 311344 311344 1479991 1479991 34447790 1637024 23031 1613993 23490 23490 181349 181349 1105076 0 1105076 1105076 1105076 143381 -143381 -143381 -143381 2225399 4726701 2225399 0 2068077 1292696 775381 775381 ART RENTAL & SALES GAL 532000 476994 476994 FOOD SERVICES 900099 407855 407855 FACILITY USE FEE 900099 353563 353563 89439 89439 1327851 81730441 35223171 500025 3631384 X 382000 382000 2043921 813026 703454 527441 19927887 14843709 2874508 2209670 2823528 2070586 462164 290778 2329898 1644697 428538 256663 1533750 1105318 258334 170098 272649 19046 253603 53606 53606 500000 500000 724112 724112 12445026 11044497 1228083 172446 521652 514895 6757 4193345 3405532 525736 262077 1383428 720362 549298 113768 80714 80232 382 100 4041019 3735310 272668 33041 1564589 1359840 144317 60432 14741651 14741651 7906013 7571948 334065 1794133 1781752 7755 4626 ART ACQUISITION 9469000 9469000 CONSTRUCTION COSTS 6550048 6550048 ART INSTALLATION & PUBL 5717842 5717842 MISCELLANEOUS 2683694 2136192 207443 340059 1547500 1547500 105231005 91254983 9534823 4441199 X 9754004 4592059 80325377 70152754 9266332 25415663 891324 791341 110272 153382 349191907 44022997 312961110 305168910 229369387 258318200 17784269 15231063 660462075 679823372 7769783 7899189 5111625 28241077 343000000 343000000 125000 62500 90717554 58804517 446723962 438007283 X 68863854 100037043 122871809 119765832 22002450 22013214 213738113 241816089 660462075 679823372 X -23500564 19067060 32511480 X X 0 1 X 1 0 X 42565858 40952868 37436219 40644892 42375861 203975698 42565858 40952868 37436219 40644892 42375861 203975698 16598715 187376983 4696222 3381162 2995424 2595913 2780527 16449248 34054 -13087 19852 40819 339786 291967 538968 902903 850857 2924481 223390246 165673172 0.83880 0.77690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: COMMISSIONED PRINTS - 2009 AMOUNT: $ 37,500. FACILITY USE FEE - 2008 AMOUNT: $ 183,486. 2009 AMOUNT: $ 155,667. 2010 AMOUNT: $ 250,530. 2011 AMOUNT: $ 437,953. 2012 AMOUNT: $ 353,563. INSURANCE CLAIM REV - 2008 AMOUNT: $ 50,000. OTHER REVENUE - 2008 AMOUNT: $ 106,300. 2009 AMOUNT: $ 98,800. 2010 AMOUNT: $ 113,351. 2011 AMOUNT: $ 191,167. 2012 AMOUNT: $ 89,439. FOOD SERVICES - 2010 AMOUNT: $ 175,087. 2011 AMOUNT: $ 273,783. 2012 AMOUNT: $ 407,855. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 500322 500322 104730689 105231011 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6911 5217 3512 500322 515962 250000 250000 250000 250000 1000000 1500000 PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE C, PART II-A, LINE 1B LOBBYING EXPENDITURES PRIMARILY SUPPORTED COUNTY MEASURE J, TO EXTEND THE MEASURE R TRANSIT SALES TAX FOR ACCELERATION OF COUNTY TRANSPORTATION IMPROVEMENTS, INCLUDING A SUBWAY LINE WITH A STOP AT THE MUSEUM. IN ADDITION, THE DIRECTOR AND GENERAL COUNSEL OF MUSEUM ASSOCIATES PROVIDED COMMENTS TO LEGISLATORS ON LEGISLATION PENDING IN FEDERAL AND STATE LEGISLATURES THAT WOULD HAVE A DIRECT IMPACT ON THE MUSEUM. X X X X X PUBLIC EDUCATION 0 110803247 10764 10277456 5797109 115294358 117875345 966090 -2272933 5765255 110803247 106777939 8254 17012210 5923058 117875345 99571155 17948 14057814 6868978 106777939 148060293 37200 -41522387 7003951 99571155 0.48700 0.19100 0.32200 0 0 36143953 36143953 303277925 35227872 268050053 9770029 8795125 974904 305168910 INTEREST RATE SWAPS 55636880 SPLIT-INTEREST AGREEMENT LIABILITIES 1115189 CAPITAL LEASE OBLIGATION 43047 UNDERFUNDED PENSION LIABILITIES 2009401 58804517 X 132856396 19067060 33804176 52871236 79985160 724112 1021169 1745281 81730441 96023777 1292696 1292696 94731081 724112 9775812 10499924 105231005 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICES OF MANY MUSEUMS, ART OBJECTS PURCHASED OR DONATED TO THE MUSEUM ARE NOT CAPITALIZED IN THE STATEMENT OF FINANCIAL POSITION. THE MUSEUM'S ART COLLECTION IS MADE UP OF ART OBJECTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER PROGRAM ACTIVITIES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR IN TEMPORARILY 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. PART III, LINE 4: THE LOS ANGELES COUNTY MUSEUM OF ART (THE "MUSEUM") IS THE PREMIER ENCYCLOPEDIC ART MUSEUM IN THE WESTERN UNITED STATES. THE MUSEUM'S COLLECTION OF MORE THAN 100,000 ARTWORKS FROM AROUND THE WORLD SPANS THE HISTORY OF ART, FROM ANCIENT TO CONTEMPORARY TIMES, INCLUDING ESPECIALLY STRONG COLLECTIONS OF ASIAN, LATIN AMERICAN, EUROPEAN, AND AMERICAN ART. THROUGH ITS VARIED COLLECTIONS, THE MUSEUM IS BOTH A RESOURCE TO AND A REFLECTION OF THE MANY CULTURAL COMMUNITIES AND HERITAGES IN SOUTHERN CALIFORNIA AND THROUGHOUT THE WORLD. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE EARNINGS OF THE MUSEUM'S ENDOWMENT FUNDS SUPPORT EDUCATION AND ART PROGRAMS, AND THE MISSION OF THE MUSEUM. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, "UNCERTAINTY IN INCOME TAXES" ("ASC 740"), THE MUSEUM RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE COMBINED FINANCIAL STATEMENT IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE MUSEUM HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE MUSEUM RECOGNIZES POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. DURING THE YEAR ENDED JUNE 30, 2013, THE MUSEUM PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE COMBINED FINANCIAL STATEMENT OR WHICH MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. JURISDICTION OPEN TAX YEARS FEDERAL 2009 - 2013 STATE 2008 - 2013 PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS 1,292,696. UNREALIZED GAINS (LOSSES) - ON INTEREST RATE SWAP 32,511,480. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLECTION ITEMS SOLD 714,357. DOUBTFUL PLEDGES 306,812. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS 1,292,696. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLECTION ITEMS PURCHASED 9,469,000. DOUBTFUL PLEDGES 306,812. ART & FILM GALA 3549432 1885415 1664017 1664017 COLLECTOR'S COMMITTEE 3185929 2761333 424596 424596 5 216739 79953 136786 136786 6952100 4726701 2225399 2225399 2225399 0 1 THE FILM FOUNDATION 7920 SUNSET BLVD 6TH FLOOR LOS ANGELES CA 90046 954244945 501(C)(3) 377000 CASH GRANTS N/A TO PRESERVE FILMS DIRECTED BY AGNES VARDA. MOVE LA 634 SOUTH SPRING STREET 818 LOS ANGELES CA 90014 954302067 501(C)(3) 5000 CASH GRANTS N/A TO PROMOTE THE EXTENSION OF A SUBWAY LINE TO THE MUSEUM. 2 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE MUSEUM MONITORS THE USE OF GRANT FUNDS ON A CASE-BY-CASE BASIS BUT DOES NOT HAVE OFFICIAL PROCEDURES FOR SUCH MONITORING. GRANT MAKING IS NOT A PRIORITY OF THE MUSEUM. GRANTS ARE MADE ON A CASE-BY-CASE BASIS AND ONLY IF THEY SUPPORT LACMA'S MISSION. X X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 MICHAEL GOVAN 791822 151926 0 0 108300 0 132131 0 0 91519 1032253 243445 0 0 FRED GOLDSTEIN 289260 0 0 0 0 0 49053 0 5354 0 343667 0 0 0 ANN ROWLAND 66730 135804 0 0 0 0 14832 0 0 78839 81562 214643 0 0 THERESA MORELLO 259129 0 0 0 0 0 35749 0 12990 0 307868 0 0 0 NANCY THOMAS 102251 113376 0 0 0 0 24833 0 0 52671 127084 166047 0 0 MARK MITCHELL 189764 0 0 0 0 0 28533 0 5354 0 223651 0 0 0 JANE BURRELL 127174 68395 0 0 0 0 28360 0 0 33503 155534 101898 0 0 STEPHANIE BARRON 70887 98035 0 0 0 0 15073 0 0 53138 85960 151173 0 0 MELISSA BOMES 189445 0 0 0 0 0 19757 0 0 0 209202 0 0 0 JOHN BOWSHER 210919 0 0 0 0 0 33993 0 5458 0 250370 0 0 0 MARK GILBERG 162107 0 0 0 0 0 28803 0 12990 0 203900 0 0 0 ALVARO VASQUEZ 86863 0 0 0 90000 0 17338 0 4474 0 198675 0 0 0 PART I, LINE 1A THE MUSEUM PROVIDES A HOUSE FOR THE DIRECTOR, THE IMPUTED VALUE OF WHICH IS SHOWN IN COLUMN B(III). THE MUSEUM PROVIDED FIRST CLASS TRAVEL FOR THE DIRECTOR IN SELECT INSTANCES WHERE A PARTICULAR CARRIER DID NOT HAVE BUSINESS CLASS SEATS AVAILABLE, TOTALING $35,449. PART I, LINE 4A AN EMPLOYEE RECEIVED A SEVERANCE PACKAGE IN THE AMOUNT OF $90,000 DURING THE CURRENT YEAR. A CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 130795YO3 2008-09-10 100000000 CONSTRUCTION 0 0 0 B CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 130795YE1 2008-09-10 100000000 CONSTRUCTION 0 0 0 C CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 130795YF8 2008-09-10 95000000 CONSTRUCTION 0 0 0 D CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 130795YG6 2008-09-10 60000000 CONSTRUCTION 0 0 0 A 10445000 100000000 3980269 851861 84668438 54432 2010 0 0 0 1 B 10445000 100000000 3980269 851861 84668438 54432 2010 0 0 0 1 C 9920000 95000000 3781256 809268 80437766 51711 2010 0 0 0 1 D 6265000 60000000 2388162 511116 50803063 32659 2010 0 0 0 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 1 C 0 0 1 1 0 0 0 1 D 0 0 1 1 0 0 0 1 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 C 0 0 0 0 1 0 0 0 0 D 0 0 0 0 1 0 0 0 0 A 1 B 1 C 1 D 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (F) DESCRIPTION OF PURPOSE: CONTRUCTION (A) ISSUER NAME: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (F) DESCRIPTION OF PURPOSE: CONTRUCTION (A) ISSUER NAME: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (F) DESCRIPTION OF PURPOSE: CONTRUCTION (A) ISSUER NAME: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (F) DESCRIPTION OF PURPOSE: CONTRUCTION (A) ISSUER NAME: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (F) DESCRIPTION OF PURPOSE: CONTRUCTION A CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 130795YH4 2008-09-10 28000000 CONSTRUCTION 0 0 0 A 2925000 28000000 1114475 238521 23706763 15241 2010 0 0 0 1 A 0 0 1 1 0 0 0 1 A 0 0 0 0 1 0 0 0 0 A 1 JOSHUA S FRIEDMAN TRUSTEE OF MUSEUM ASSOCIATES AND A CO-CHAIR OF THE FINANCE COMMITTEE. 131402 INV. MGMT FEESMR. FRIEDMAN IS ALSO A FOUNDER, CO-CHAIR AND CO-CHIEF EXECUTIVE OFFICER FOR CANYON CAPITAL ADVISORS LLC (CCA, LLC), AN INVESTMENT FIRM WHICH IS PAID FOR MANAGEMENT SERVICES FOR INVESTING FUNDS OF THE ORGANIZATION, WHICH ARE BASED IN PART, ON REVENUES FROM THE PERFORMANCE OF THESE INVESTMENTS. MUSEUM ASSOCIATES INVESTED WITH CCA, LLC IN 2005, FOUR YEARS PRIOR TO MR. FRIEDMAN JOINING THE BOARD. MUSEUM ASSOCIATES HAS NOT INVESTED ANY ADDITIONAL FUNDS IN CCA, LLC SINCE THE DATE OF THE INITIAL INVESTMENT. APPROXIMATELY 3% OF THE MUSEUM'S TOTAL PORTFOLIO IS INVESTED WITH MR. FRIEDMAN'S FIRM. 1 X 143 SEE PART II X 19 2707912 FMV OF AVG. STOCK VALUE 41 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE MUSEUM USES BROKERS TO SELL SECURITIES AND USES AUCTION HOUSES AND ART DEALERS TO SELL WORKS ON CONSIGNMENT. NON REPORTING OF REVENUE: PART I, LINE 33: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, ART OBJECTS PURCHASED BY OR DONATED TO THE MUSEUM ARE NOT CAPITALIZED IN THE STATEMENT OF FINANCIAL POSITION. THE MUSEUM'S ART COLLECTION IS MADE UP OF ART OBJECTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER PROGRAM ACTIVITIES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR IN TEMPORARILY 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. ORGANIZATION MISSION STATEMENT FORM 990, PART I & PART III LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO SERVE THE PUBLIC THROUGH THE COLLECTION, CONSERVATION, EXHIBITION AND INTERPRETATION OF SIGNIFICANT WORKS OF ART FROM A BROAD RANGE OF CULTURES AND HISTORICAL PERIODS, AND THROUGH TRANSLATION OF THESE COLLECTIONS INTO MEANINGFUL EDUCATIONAL, AESTHETIC, INTELLECTUAL AND CULTURAL EXPERIENCES FOR THE WIDEST ARRAY OF AUDIENCES. THE LOS ANGELES COUNTY MUSEUM OF ART (THE "MUSEUM") IS THE PREMIER ENCYCLOPEDIC ART MUSEUM IN THE WESTERN UNITED STATES. THE MUSEUM'S COLLECTION OF MORE THAN 120,000 ARTWORKS FROM AROUND THE WORLD SPANS THE HISTORY OF ART, FROM ANCIENT TO CONTEMPORARY TIMES, INCLUDING ESPECIALLY STRONG COLLECTIONS OF ASIAN, LATIN AMERICAN, EUROPEAN, AND AMERICAN ART. THROUGH ITS VARIED COLLECTIONS, THE MUSEUM IS BOTH A RESOURCE TO AND A REFLECTION OF THE MANY CULTURAL COMMUNITIES AND HERITAGES IN SOUTHERN CALIFORNIA AND THROUGHOUT THE WORLD. THIS FISCAL YEAR, THE MUSEUM MOUNTED 32 EXHIBITIONS AND PERMANENT COLLECTION INSTALLATIONS, ACQUIRED 1,270 NEW WORKS OF ART, PROVIDED PROGRAMS FOR 95,093 SCHOOL CHILDREN. TOTAL ATTENDANCE AT THE MUSEUM WAS 1,250,463. FORM 990, PART I, LINE 19: WHILE REVENUE LESS EXPENSES FOR LINE 19 IS REFLECTED AS A DEFICIT OF $23,500,564, THIS NUMBER REFLECTS $14,741,651 OF BOND INTEREST, FEES, AND AMORTIZATION COSTS WHICH WERE MORE THAN COVERED BY CASH PAYMENTS ON OUTSTANDING GIFT PLEDGES, $7,906,013 OF DEPRECIATION EXPENSE WHICH IS A NON-CASH ACCOUNTING CHARGE, AND EXCLUDES $19,067,060 OF UNREALIZED INVESTMENT GAINS, PART OF WHICH WAS USED TO SUPPORT OPERATIONS AS INTER-MEDIATED BY CASH FLOWS BETWEEN THE MUSEUM'S INVESTMENT PORTFOLIO AND WORKING CAPITAL. FORM 990, PART B: WE ARE AMENDING THE 2012 TAX RETURN FOR MUSEUM ASSOCIATES AS THE ORGANIZATION IS REQUIRED TO FILE THEIR RETURN ELECTRONICALLY. THE ORGANIZATION ORIGINALLY PAPER FILED THE RETURN BY ITS DEADLINE OF MAY 15, 2014 DUE TO ADDITIONAL ATTACHMENTS THAT NEEDED TO BE INCLUDED. NO OTHER CHANGES WERE MADE TO THE ORIGINALLY FILED RETURN. ORGANIZATION MISSION STATEMENT FORM 990, PART III, LINE 2 IN THE FY 13, EXPENSES RELATED TO PUBLIC SERVICES AND ENGAGEMENT WERE GREATER THAN EXPENSES RELATED TO ACQUISITION OF ARTWORK. IT IS A MUSEUM GOAL TO CONTINUOUSLY EXPAND AND SERVE AUDIENCES OF ALL AGES, ETHNICITIES, AND SOCIO-ECONOMIC BACKGROUNDS BY CREATING WELCOMING ENVIRONMENTS AND PROGRAMS. THIS IS ACCOMPLISHED THROUGH A VARIETY OF MEANS, INCLUDING THE MUSEUM MAGAZINE, SPECIAL EVENTS, PROMOTIONAL CAMPAIGNS, CAMPUS WAY-FINDING MEDIA, AND ON-SITE STAFF PROVIDING SERVICE TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY OUTSIDE TAX ACCOUNTANTS AND REVIEWED AND APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. ONCE APPROVED BY THE AUDIT COMMITTEE, THE AUDIT COMMITTEE REPORTS TO THE FULL BOARD OF TRUSTEES AND THE RETURN IS MADE AVAILABLE TO THE REST OF THE BOARD BEFORE IT IS ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIRMAN OF THE AUDIT COMMITTEE SENDS AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM TO EACH TRUSTEE, AND, WITH THE OFFICE OF GENERAL COUNSEL, MONITORS RESPONSES AND FOLLOWS UP WITH TRUSTEES TO ACHIEVE AS HIGH A RESPONSE RATE AS POSSIBLE. THE OFFICE OF GENERAL COUNSEL REVIEWS THESE FORMS AND REPORTS SIGNIFICANT CONFLICTS TO THE AUDIT COMMITTEE, WHICH REVIEWS ANY SPECIFIC TRANSACTIONS THAT MIGHT INVOLVE A CONFLICT OF INTEREST WITH A TRUSTEE. THE DIRECTOR OF THE MUSEUM SENDS KEY EMPLOYEES AN ANNUAL CONFLICT OF INTEREST FORM, WHICH KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND RETURN TO THE GENERAL COUNSEL, WHO REVIEWS SUCH FORMS FOR POSSIBLE CONFLICTS AND MONITORS COMPLIANCE WITH THE LACMA'S ETHICS POLICY INCLUDING THE CONFLICT OF INTEREST POLICIES CONTAINED IN THE ETHICS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO AND DIRECTOR OF LACMA IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WITH THE PARAMETERS ESTABLISHED BY THE EMPLOYMENT AGREEMENT ENTERED INTO BY LACMA AND THE CEO AND DIRECTOR IN 2010. THE DIRECTOR ANNUALLY DETERMINES THE COMPENSATION OF EACH OF THE OTHER OFFICERS AND KEY EMPLOYEES. IN EACH CASE, THE COMPENSATION IS BASED ON (1) THE EMPLOYEE'S PERFORMANCE DURING THE PRIOR YEAR; (2) THE CONTEXT OF LACMA'S OVERALL OPERATING BUDGET; AND (3) COMPARABILITY DATA FOR PERSONS HOLDING SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS. SUCH COMPARABILITY DATA IS GENERALLY PREPARED BY SENIOR MANAGEMENT, INCLUDING THE CHIEF FINANCIAL OFFICER AND THE DIRECTOR OF HUMAN RESOURCES AND INCLUDES A REVIEW OF PUBLICLY FILED FORMS 990 OF OTHER INSTITUTIONS. ONCE COMPENSATION OF THE CEO IS APPROVED BY THE EXECUTIVE COMMITTEE, BASED ON THE INFORMATION AND COMPARABILITY DATA DESCRIBED ABOVE, THE EXECUTIVE COMMITTEE'S RECOMMENDATION, AS WELL AS THE PROPOSED COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES, THE UNDERLYING DATA, INCLUDING THE PERFORMANCE REVIEWS AND COMPARABILITY ANALYSES, ARE PRESENTED TO THE AUDIT COMMITTEE, TO DETERMINE WHETHER, IN THE AUDIT COMMITTEE'S JUDGMENT, SUCH PROPOSED COMPENSATION IS APPROPRIATE, FAIR AND REASONABLE TO LACMA. THE FINAL RECOMMENDATION OF THE EXECUTIVE COMMITTEE AND AUDIT COMMITTEE IS REPORTED TO THE FULL BOARD OF TRUSTEES AT ITS NEXT REGULARLY SCHEDULED MEETING AND SUBMITTED TO THE FULL BOARD FOR APPROVAL. ALL MEMBERS OF THE AUDIT COMMITTEE ARE INDEPENDENT TRUSTEES OF LACMA. NOTE THAT LACMA DOES NOT HAVE A SEPARATE "COMPENSATION COMMITTEE." FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, INFORMATIONAL RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON THE MUSEUM'S WEBSITE. PROCEEDS FROM SALE OF STOCKS FORM 990, PART VIII, LINE 7B: LACMA HAS INVESTMENT ACCOUNTS AND HEDGE FUNDS WITH MANY STOCK TRANSACTIONS. DUE TO THE LARGE QUANTITY OF STOCK TRANSACTIONS, THIS INFORMATION IS NOT INCLUDED IN THE RETURN, BUT IS AVAILABLE UPON REQUEST. OTHER FEES FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES (SECURITY, ART TRANSPORT, OTHER): PROGRAM SERVICE EXPENSES 11,044,497. MANAGEMENT AND GENERAL EXPENSES 1,228,083. FUNDRAISING EXPENSES 172,446. TOTAL EXPENSES 12,445,026. FORM 990, PART X, LINE 25: THE DECREASE IN OTHER LIABILITIES IS PRINCIPALLY TIED TO AN UNREALIZED DROP IN THE VALUE OF AN INTEREST RATE SWAP. THIS SWAP WILL SELF LIQUIDATE OVER THE DURATION OF MUSEUM DEBT AND THEREFORE DOES NOT REPRESENT AN IMMEDIATE NON-DISCRETIONARY CLAIM ON MUSEUM RESOURCES. FORM 990, PART X, LINES 4 & 19 THE INCREASE IN ACCOUNTS RECEIVABLE, NET AND IN DEFERRED REVENUE ARE LARGELY CONNECTED WITH A LONG-TERM LEASE OF ONE OF ITS BUILDINGS FOR THE DEVELOPMENT OF A MOTION PICTURE ARTS & SCIENCES MUSEUM. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. FORM 990, PART XI, LINE 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS $19,067,060 UNREALIZED GAINS (LOSSES) ON INTEREST RATE SWAP $32,511,480 TOTAL TO FORM 990, PART XI, LINE 5 $51,578,540 CRT 1 5905 WILSHIRE BLVD LOS ANGELES CA 90036 TRUST CA CO GEORGE HORI TRUSTEE T 270140 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0