FURP.ORG / PUBLIC DATA EXPLORER

MUSIC CENTER FOUNDATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
MUSIC CENTER FOUNDATION (EIN 23-7298290)
Tax period
2011-04-01 to 2012-03-31
Filed
2013-02-14
IRS object ID
201330459349302083
Schema version
2011v1.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-02-14T16:51:54-06:00Timestamp
Tax Period End Date2012-03-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN952302617EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1SINGERLEWAK LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line110960 WILSHIRE BLVD STE 700AddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900243783ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-04-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN237298290EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MUSIC CENTER FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMUSINameControl
Phone2139728046Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1135 NORTH GRAND AVEAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900123013ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSTEVEN T BENSONName
TitlePRESIDENTTitle
Phone2139728046Phone
Date Signed2013-02-07DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameLIOR TEMKINName
PTINP00748170PTIN
Phone3104773924Phone
Date Prepared2013-02-07DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonSTEVEN T BENSONNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1135 NORTH GRAND AVEAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900123013ZIPCode
FieldValueIRS element (for citing)
Gross Receipts6232162GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.MUSICCENTERFOUNDATION.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1973YearFormation
State Legal DomicileCAStateLegalDomicile
Activity Or Mission DescriptionENDOWMENT MANAGEMENT AND FINANCIAL SUPPORT OF PROGRAMMING AT LOS ANGELES' MUSIC CENTER.ActivityOrMissionDescription
Nbr Voting Members Governing Body17NbrVotingMembersGoverningBody
Nbr Independent Voting Members17NbrIndependentVotingMembers
Total Nbr Employees3TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI-468714TotalGrossUBI
Net Unrelated Business Txbl Income-468714NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year2283646ContributionsGrantsPriorYear
Contributions Grants Current Year2906283ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year5404604InvestmentIncomePriorYear
Investment Income Current Year3325879InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year7688250TotalRevenuePriorYear
Total Revenue Current Year6232162TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year5788985GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY5687838GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year339789SalariesEtcPriorYear
Salaries Etc Current Year422799SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year275889TotalFundrsngExpCurrentYear
Other Expense Prior Year234145OtherExpensePriorYear
Other Expenses Current Year218964OtherExpensesCurrentYear
Total Expenses Prior Year6362919TotalExpensesPriorYear
Total Expenses Current Year6329601TotalExpensesCurrentYear
Revenues Less Expenses Prior Year1325331RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-97439RevenuesLessExpensesCY
Total Assets BOY346689617TotalAssetsBOY
Total Assets EOY358090851TotalAssetsEOY
Total Liabilities BOY205078133TotalLiabilitiesBOY
Total Liabilities EOY215740128TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY141611484NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY142350723NetAssetsOrFundBalancesEOY
Mission DescriptionTHE MISSION OF MUSIC CENTER FOUNDATION IS TO PROVIDE ENDOWMENT SUPPORT TO THE MUSIC CENTER/PERFORMING ARTS CENTER OF LOS ANGELES COUNTY, ITS EDUCATION AND ARTISTIC PROGRAMS AND RESIDENT COMPANIES THROUGH PLANNED GIVING FUNDRAISING AND ASSET MANAGEMENT.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense4051487Expense
Grants4051487Grants
DescriptionENDOWMENT DISTRIBUTIONS TO THE MUSIC CENTER/PERFORMING ARTS CENTER OF LOS ANGELES COUNTY, ITS EDUCATIONAL ACTIVITIES AND ITS AFFILIATED PERFORMING ARTS COMPANIES WHICH INCLUDE LOS ANGELES PHILHARMONIC ASSOCIATION, CENTER THEATRE GROUP, LOS ANGELES OPERA COMPANY AND THE LOS ANGELES MASTER CHORALE.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense1636351Expense
Grants1636351Grants
DescriptionTHE MUSIC CENTER FOUNDATION'S LAPA FUND MAKES DISTRIBUTIONS TO THE LOS ANGELES PHILHARMONIC ASSOCIATION.Description
FieldValueIRS element (for citing)
Total Program Service Expense5687838TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds1DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets1ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10965NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees3NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Excess Business Holdings0ExcessBusinessHoldings
Taxable Distributions0TaxableDistributions
Distribution To Donor0DistributionToDonor
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members17NbrVotingGoverningBodyMembers
Number Independent Voting Members17NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture1InvestmentInJointVenture
Written Policy Or Procedure1WrittenPolicyOrProcedure
States Where Copy Of Return Is FiledCAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1STEVEN T BENSON PRESIDENTBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number2139728046TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1135 NORTH GRAND AVEAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900123013ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (19 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
PETER W MULLIN
CHAIRMAN1.00XX000
STEPHEN F HINCHLIFFE JR
VICE PRESIDENT/TREASURER1.00XX000
STUART M KETCHUM
VICE PRESIDENT/SECRETARY1.00XX000
FRANK E BAXTER
DIRECTOR1.00X000
DAVID C BOHNETT
DIRECTOR1.00X000
WILLIAM LLOYD DAVIS
DIRECTOR1.00X000
JERROLD L EBERHARDT
DIRECTOR1.00X000
JOHN B EMERSON
DIRECTOR1.00X000
C DANIEL EWELL
DIRECTOR1.00X000
MARK FOSTER
DIRECTOR1.00X000
SARAH H KETTERER
DIRECTOR1.00X000
DARELL L KRASNOFF
DIRECTOR1.00X000
KENT KRESA
DIRECTOR1.00X000
MICHAEL A LAWSON
DIRECTOR1.00X000
BOWEN H MCCOY
DIRECTOR1.00X000
SUSAN C SCHNABEL
DIRECTOR1.00X000
MARC I STERN
DIRECTOR1.00X000
STEVEN T BENSON
PRESIDENT (START DATE 8/2011)40.00X103550022455
EDWARD RADA
PRESIDENT (RESIGNED 8/2011)40.00X11423106983
FieldValueIRS element (for citing)
Total Reportable Comp From Org217781TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation29438TotalOtherCompensation
Number Individuals GT100 K2NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1MONTICELLO ASSOCIATES INCBusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11200 17TH ST 2600AddressLine1
CityDENVERCity
StateCOState
ZIP Code80202ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesINVESTMENT CONSULTANTDescriptionOfServices
Compensation300000Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K
All Other Contributions2906283AllOtherContributions
Total Contributions2906283TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column961368TotalRevenueColumn
Unrelated Business Revenue-468714UnrelatedBusinessRevenue
Exclusion$1,430,082ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities2364511Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities0Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities2364511Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column2364511TotalRevenueColumn
Exclusion$2,364,511ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column6232162TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue-468714UnrelatedBusinessRevenue
Exclusion$3,794,593ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total5687838Total
Program Services5687838ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total246128Total
Management And General123064ManagementAndGeneral
Fundraising123064Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total133274Total
Management And General66637ManagementAndGeneral
Fundraising66637Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total9020Total
Management And General4510ManagementAndGeneral
Fundraising4510Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total9870Total
Management And General4935ManagementAndGeneral
Fundraising4935Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total24507Total
Management And General12254ManagementAndGeneral
Fundraising12253Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total44122Total
Management And General22061ManagementAndGeneral
Fundraising22061Fundraising

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total234462Total
Management And General167606ManagementAndGeneral
Fundraising66856Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total137431Total
Management And General68716ManagementAndGeneral
Fundraising68715Fundraising

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total84138Total
Management And General36686ManagementAndGeneral
Fundraising47452Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total12114Total
Management And General6057ManagementAndGeneral
Fundraising6057Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total5556Total
Management And General2778ManagementAndGeneral
Fundraising2778Fundraising

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total10938Total
Management And General5469ManagementAndGeneral
Fundraising5469Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total36296Total
Management And General18148ManagementAndGeneral
Fundraising18148Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalManagement And GeneralManagementAndGeneralFundraisingFundraising
MISCELLANEOUS1438571927193
TELEPHONE512025602560
PAYROLL SERVICE FEES340217011701
REIMBURSEMENTS-369000-184500-184500

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total6329601Total
Program Services5687838ProgramServices
Management And General365874ManagementAndGeneral
Fundraising275889Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY3846798BOY
EOY5976308EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY18281842BOY
EOY19939773EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY4087034BOY
EOY5122700EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis28295LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec18317LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY4798BOY
EOY9978EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY114260339BOY
EOY111786589EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY206208806BOY
EOY215255503EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY346689617BOY
EOY358090851EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY106163BOY
EOY194805EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY204971970BOY
EOY215545323EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY205078133BOY
EOY215740128EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY43341123BOY
EOY41119330EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY98270361BOY
EOY101231393EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY141611484BOY
EOY142350723EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY346689617BOY
EOY358090851EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses-97439ReconcilationRevenueExpenses
Reconcilation Other Changes836678ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1903678CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years3669726CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years2060032CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year2283646CurrentTaxYearMinus1Year
Current Tax Year2906283CurrentTaxYear
Total12823365Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1903678CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years3669726CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years2060032CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year2283646CurrentTaxYearMinus1Year
Current Tax Year2906283CurrentTaxYear
Total12823365Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total2426431AmountsSubstContributorsTotal
Public Support Total17010396934PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1947679CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1802298CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1533573CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1088522CurrentTaxYearMinus1Year
Current Tax Year1430082CurrentTaxYear
Total7802154Total

Net UBI NetUBI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years-49206CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years-141377CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years-86431CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year-71848CurrentTaxYearMinus1Year
Current Tax Year-468714CurrentTaxYear
Total-817576Total
FieldValueIRS element (for citing)
Total Support19807943TotalSupport
Public Support Pertcentage1700.52490PublicSupportPertcentage170
Public Support Pertcent Prior Year0.51800PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Number DA Fs Held14NumberDAFsHeld
Donor Advised Contributions25000DonorAdvisedContributions
Grants Paid From Donor Funds354028GrantsPaidFromDonorFunds
Aggregate DAF Value7985816AggregateDAFValue
Disclosed Orgs Legal Control1DisclosedOrgsLegalControl
Disclosed For Charitable Purposes1DisclosedForCharitablePurposes

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance141611484BeginningOfYearBalance
Contributions2906283Contributions
Investment Earnings Or Losses4162557InvestmentEarningsOrLosses
Grants Or Scholarships5687838GrantsOrScholarships
Administrative Expenses641763AdministrativeExpenses
End Of Year Balance142350723EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance133033538BeginningOfYearBalance
Contributions2283646Contributions
Investment Earnings Or Losses12657219InvestmentEarningsOrLosses
Grants Or Scholarships5788985GrantsOrScholarships
Administrative Expenses573934AdministrativeExpenses
End Of Year Balance141611484EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance112622822BeginningOfYearBalance
Contributions2060052Contributions
Investment Earnings Or Losses24983216InvestmentEarningsOrLosses
Grants Or Scholarships5935129GrantsOrScholarships
Administrative Expenses697423AdministrativeExpenses
End Of Year Balance133033538EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance149773984BeginningOfYearBalance
Contributions4502073Contributions
Grants Or Scholarships6519007GrantsOrScholarships
Other Expenditures34455192OtherExpenditures
Administrative Expenses679036AdministrativeExpenses
End Of Year Balance112622822EndOfYearBalance
FieldValueIRS element (for citing)
Permanent Endowment EOY Balance1.00000PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis28295OtherCostOrOtherBasis
Depreciation18317Depreciation
Book Value9978BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings9978TotalOfBookValueLandBuildings

Other Assets OtherAssets (3 entries)

DescriptionDescriptionBook ValueBookValue
DUE FROM AFFILIATED ORGANIZATIONS161644
FUNDS HELD FOR OTHERS209240404
SPLIT-INTEREST AGREEMENTS5853455
FieldValueIRS element (for citing)
Total Book Value Other Assets215255503TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescriptionAmountAmount
DISTRIBUTIONS PAYABLE$4,876,308
FUNDS HELD FOR OTHERS$209,240,404
OBLIGATIONS UNDER ANNUITIES & TRUSTS$1,428,611
FieldValueIRS element (for citing)
Total Of Amounts215545323TotalOfAmounts
Total Revenue6232162TotalRevenue
Total Expenses6329601TotalExpenses
Excess Or Deficit For Year-97439ExcessOrDeficitForYear
Net Unrealized GL On Investments879541NetUnrealizedGLOnInvestments
Other-$42,863OtherAmount
Total Adjustments836678TotalAdjustments
Excess Or Deficit Per FS739239ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt7068840TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments879541NetUnrealizedGainsInvestments
Revenue Not Rptd F990879541RevenueNotRptdF990
Revenue Subtotal6189299RevenueSubtotal
Other Revenues Not Included42863OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt42863RevenueNotRptdOnFinStmt
Total Revenue Per Form9906232162TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt6329601TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal6329601ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9906329601TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:PART V, LINE 4:ANNUAL DISTRIBUTIONS TO SUPPORT THE PERFORMING ARTS AT THE MUSIC CENTER/ PERFORMING ARTS CENTER OF LOS ANGELES COUNTY AND ITS RESIDENT COMPANIES.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:PART X:IN ACCORDANCE WITH ASC 740, "UNCERTAINTY IN INCOME TAXES," THE FOUNDATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE FOUNDATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION RECOGNIZES POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. DURING THE YEAR ENDED MARCH 31, 2012, THE FOUNDATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATES WITH UNCERTAIN TAX POSITIONS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007.
PART XI, LINE 8 - OTHER ADJUSTMENTS:CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS -42,863.
PART XII, LINE 4B - OTHER ADJUSTMENTS:CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 42,863.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable (5 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantMethod Of ValuationMethodOfValuationDescription Of Non Cash AssistanceDescriptionOfNonCashAssistancePurpose Of GrantPurposeOfGrant
THE MUSIC CENTER PERFORMING ARTS CENTER OF LOS ANGELES COUNTY
135 NORTH GRAND AVELOS ANGELESCA90012952217011501(C)(3)1090758FMVN/AGENERAL SUPPORT
LOS ANGELES PHILHARMONIC ASSOCIATION
135 NORTH GRAND AVELOS ANGELESCA90012951696734501(C)(3)2736456FMVN/AGENERAL SUPPORT
CENTER THEATRE GROUP OF LOS ANGELES INC
135 NORTH GRAND AVELOS ANGELESCA90012952466183501(C)(3)1003659FMVN/AGENERAL SUPPORT
LOS ANGELES OPERA COMPANY
135 NORTH GRAND AVELOS ANGELESCA90012952096402501(C)(3)721059FMVN/AGENERAL SUPPORT
LOS ANGELES MASTER CHORALE ASSOCIATION
135 NORTH GRAND AVELOS ANGELESCA90012952315682501(C)(3)135906FMVN/AGENERAL SUPPORT
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants5TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations0TotalNbrOfOtherOrganizations

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE I, PART I, LINE 2: MUSIC CENTER FOUNDATION REGULARLY MEETS WITH ALL GRANTEE ORGANIZATIONS TO ENSURE THAT FUNDS ARE USED AS INTENDED. FURTHER, ALL GRANTEE ORGANIZATIONS ARE KNOWN TO MUSIC CENTER FOUNDATION DUE TO THE PROXIMITY OF ALL ORGANIZATIONS INVOLVED.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11THE AUDIT COMMITTEE MEETS WITH THE AUDITORS TO REVIEW AND DISCUSS A DRAFT OF THE FORM 990. ONCE APPROVED BY THE AUDIT COMMITTEE, THE FORM IS PRESENTED TO THE ENTIRE BOARD OF DIRECTORS. THE RETURN IS THEN ELECTRONICALLY FILED.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION SENDS A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY TO THE BOARD OF DIRECTORS AND OFFICERS. THE QUESTIONNAIRES ARE REVIEWED TO ENSURE THEY ARE COMPLIANT WITH THE POLICY.
FORM 990, PART VI, SECTION B, LINE 15A SURVEY OF COMPENSATION FOR COMPARABLE POSITIONS WAS PERFORMED AND APPROVED BY THE BOARD.
FORM 990, PART VI, SECTION C, LINE 18FORM 1023 AND ALL OTHER INFORMATIONAL RETURN DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE MUSIC CENTER FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND INFORMATIONAL RETURNS AVAILABLE UPON WRITTEN REQUEST. THE INFORMATIONAL RETURNS ARE ALSO MADE AVAILABLE TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG, A PUBLIC WEBSITE.
FORM 990, PART VIII, LINE 7A & 7B:THE MUSIC CENTER FOUNDATION HAS INVESTMENT ACCOUNTS, HEDGE FUNDS AND OTHER INVESTMENT PARTNERSHIPS 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.PROCEEDS FROM SALE OF STOCKS & COST OR OTHER BASIS:
FORM 990, PART XI, LINE 5:NET UNREALIZED GAINS ON INVESTMENTS: 879,541. CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS -42,863. TOTAL TO FORM 990, PART XI, LINE 5: 836,678.CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990, PART XII, LINE 2C:SINCE THE FILING OF PRIOR YEAR'S INFORMATIONAL RETURN, THERE HAVE BEEN NO CHANGES TO THE AUDIT OVERSIGHT AND SELECTION PROCESS.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (5 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Controlled OrgControlledOrg
THE MUSIC CENTER PERFORMING ARTS CENTER OF LOS ANGELES COUNTY
135 N GRAND AVELOS ANGELESCA90012952217011GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)170(B)(1)(A)(VI)THE MUSIC CENTER FOUNDATION0
LOS ANGELES PHILHARMONIC ASSOCIATION
135 N GRAND AVELOS ANGELESCA90012951696734GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)509(A)(2)THE MUSIC CENTER FOUNDATION0
CENTER THEATRE GROUP OF LOS ANGELES INC
135 N GRAND AVELOS ANGELESCA90012952466183GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)509(A)(2)THE MUSIC CENTER FOUNDATION0
LOS ANGELES OPERA ASSOCIATION
135 N GRAND AVELOS ANGELESCA90012952096402GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)509(A)(2)THE MUSIC CENTER FOUNDATION0
LOS ANGELES MASTER CHORALE ASSOCIATION
135 N GRAND AVELOS ANGELESCA90012952315682GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)170(B)(1)(A)(VI)THE MUSIC CENTER FOUNDATION0
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org1LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs1RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org1ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org1OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (11 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolvedMethod Of Amt DeterminationMethodOfAmtDetermination
THE MUSIC CENTER PERFORMING ARTS CENTER OF LOS ANGELES COUNTY
B1090758FMV
LOS ANGELES PHILHARMONIC ASSOCIATION
B2736456FMV
CENTER THEATRE GROUP OF LOS ANGELES INC
B1003659FMV
LOS ANGELES OPERA COMPANY
B721059FMV
LOS ANGELES MASTER CHORALE
B135906FMV
LOS ANGELES OPERA COMPANY
D5019171FMV
THE MUSIC CENTER PERFORMING ARTS CENTER OF LOS ANGELES COUNTY
M5555FMV
THE MUSIC CENTER PERFORMING ARTS CENTER OF LOS ANGELES COUNTY
O369000FMV
LOS ANGELES PHILHARMONIC ASSOCIATION
P52748FMV
LOS ANGELES PHILHARMONIC ASSOCIATION
R8000000FMV
THE MUSIC CENTER PERFORMING ARTS CENTER OF LOS ANGELES COUNTY
R294275FMV