FURP.ORG / PUBLIC DATA EXPLORER

MUSIC CENTER FOUNDATION: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
MUSIC CENTER FOUNDATION (EIN 23-7298290)
Tax period
2009-04-01 to 2010-03-31
Filed
2011-02-14
IRS object ID
201140459349302064
Schema version
2009v1.7
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)
Timestamp2011-02-14T18:53:55-06:00Timestamp
Tax Period End Date2010-03-31TaxPeriodEndDate

Preparer Firm PreparerFirm

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 SUITE 700AddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900243783ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-04-01TaxPeriodBeginDate

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)
NameEDWARD RADAName
TitlePRESIDENTTitle
Phone2139728046Phone
Date Signed2011-02-03DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameLior TemkinName
Phone3104773924Phone
Date Prepared2011-02-03DatePrepared
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonEDWARD RADANameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1135 NORTH GRAND AVEAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900123013ZIPCode
FieldValueIRS element (for citing)
Gross Receipts4423130GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
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 Employees2TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI-86431TotalGrossUBI
Net Unrelated Business Txbl Income-86431NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year3669726ContributionsGrantsPriorYear
Contributions Grants Current Year1641020ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year-2210134InvestmentIncomePriorYear
Investment Income Current Year2782110InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year1459592TotalRevenuePriorYear
Total Revenue Current Year4423130TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year6519007GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY5935129GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year352320SalariesEtcPriorYear
Salaries Etc Current Year333673SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year361115TotalFundrsngExpCurrentYear
Other Expense Prior Year326716OtherExpensePriorYear
Other Expenses Current Year363750OtherExpensesCurrentYear
Total Expenses Prior Year7198043TotalExpensesPriorYear
Total Expenses Current Year6632552TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-5738451RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-2209422RevenuesLessExpensesCY
Total Assets BOY250392798TotalAssetsBOY
Total Assets EOY312637115TotalAssetsEOY
Total Liabilities BOY137769976TotalLiabilitiesBOY
Total Liabilities EOY179603577TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY112622822NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY133033538NetAssetsOrFundBalancesEOY
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
Expense4489926Expense
Grants4489926Grants
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)
Expense1445203Expense
Grants1445203Grants
DescriptionTHE MUSIC CENTER FOUNDATION'S LAPA FUND MAKES DISTRIBUTIONS TO THE LOS ANGELES PHILHARMONIC ASSOCIATION.Description
FieldValueIRS element (for citing)
Total Program Service Expense5935129TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds1DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Balance Sheet Amounts Reported1BalanceSheetAmountsReported
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 Required1ScheduleJRequired
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
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 Employees2NumberOfEmployees
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
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
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1EDWARD RADA 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 (18 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
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
Irving Feintech
DIRECTOR1.00X000
Richard M Ferry
DIRECTOR1.00X000
Mark Foster
DIRECTOR1.00X000
David P Glickman
DIRECTOR1.00X000
Sarah H Ketterer
DIRECTOR1.00X000
Darell L Krasnoff
DIRECTOR1.00X000
Kent Kresa
DIRECTOR1.00X000
Bowen H McCoy
DIRECTOR1.00X000
Mark I Stern
DIRECTOR1.00X000
Edward Rada
PRESIDENT40.00X203987030382
FieldValueIRS element (for citing)
Total Reportable Comp From Org203987TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation30382TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
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 Contributions1641020AllOtherContributions
Total Contributions1641020TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1447142TotalRevenueColumn
Unrelated Business Revenue-86431UnrelatedBusinessRevenue
Exclusion$1,533,573ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities1334968Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities1334968Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column1334968TotalRevenueColumn
Exclusion$1,334,968ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column4423130TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue-86431UnrelatedBusinessRevenue
Exclusion$2,868,541ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total5935129Total
Program Services5935129ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total218242Total
Management And General109121ManagementAndGeneral
Fundraising109121Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total79890Total
Management And General39945ManagementAndGeneral
Fundraising39945Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total8543Total
Management And General4272ManagementAndGeneral
Fundraising4271Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total10956Total
Management And General5478ManagementAndGeneral
Fundraising5478Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total16042Total
Management And General8021ManagementAndGeneral
Fundraising8021Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total25860Total
Management And General12930ManagementAndGeneral
Fundraising12930Fundraising

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total242147Total
Management And General172160ManagementAndGeneral
Fundraising69987Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total149038Total
Management And General74519ManagementAndGeneral
Fundraising74519Fundraising

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total94196Total
Fundraising94196Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total6144Total
Management And General3072ManagementAndGeneral
Fundraising3072Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total5555Total
Management And General2778ManagementAndGeneral
Fundraising2777Fundraising

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total33924Total
Management And General16962ManagementAndGeneral
Fundraising16962Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total52534Total
Management And General26267ManagementAndGeneral
Fundraising26267Fundraising

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalFundraisingFundraisingManagement And GeneralManagementAndGeneral
UNCOLLECTIBLE PLANNED G3278632786
MISCELLANEOUS438621932193
telephone387019351935
payroll service fees266613331333
REIMBURSEMENTS-289356-144678-144678

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total6632552Total
Program Services5935129ProgramServices
Management And General336308ManagementAndGeneral
Fundraising361115Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY1689211BOY
EOY732705EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY17759376BOY
EOY17310182EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis23115LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec18317LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY4798BOY
EOY4798EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY93473338BOY
EOY109852012EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY137466075BOY
EOY184737418EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY250392798BOY
EOY312637115EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY437078BOY
EOY105541EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY137332898BOY
EOY179498036EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY137769976BOY
EOY179603577EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY-2470284BOY
EOY0EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY21574316BOY
EOY37183467EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY93518790BOY
EOY95850071EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY112622822BOY
EOY133033538EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY250392798BOY
EOY312637115EOY
FieldValueIRS element (for citing)
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 Years4751486CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years2804019CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1903678CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3669726CurrentTaxYearMinus1Year
Current Tax Year1641020CurrentTaxYear
Total14769929Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4751486CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years2804019CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1903678CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3669726CurrentTaxYearMinus1Year
Current Tax Year1641020CurrentTaxYear
Total14769929Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total1998904AmountsSubstContributorsTotal
Public Support Total17012771025PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1833736CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years2403820CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1947679CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1802298CurrentTaxYearMinus1Year
Current Tax Year1533573CurrentTaxYear
Total9521106Total

Net UBI NetUBI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years5733CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years-302369CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years-49206CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year-141377CurrentTaxYearMinus1Year
Current Tax Year-86431CurrentTaxYear
Total-573650Total
FieldValueIRS element (for citing)
Total Support23717385TotalSupport
Public Support Pertcentage1700.53850PublicSupportPertcentage170
Public Support Pertcent Prior Year0.58780PublicSupportPertcentPriorYear
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 Held13NumberDAFsHeld
Donor Advised Contributions50000DonorAdvisedContributions
Grants Paid From Donor Funds316372GrantsPaidFromDonorFunds
Aggregate DAF Value6058986AggregateDAFValue
Disclosed Orgs Legal Control1DisclosedOrgsLegalControl
Disclosed For Charitable Purposes1DisclosedForCharitablePurposes

Current Year CurrentYear

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

Current Year Minus1 Year CurrentYearMinus1Year

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 Basis23115OtherCostOrOtherBasis
Depreciation18317Depreciation
Book Value4798BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings4798TotalOfBookValueLandBuildings

Other Assets OtherAssets (5 entries)

DescriptionDescriptionBook ValueBookValue
DUE FROM AFFILIATED ORGANIZATIONS144979
FUNDS HELD FOR OTHERS174411139
SPLIT-INTEREST AGREEMENTS5652222
accrued receivable24167
prepaid expenses4504911
FieldValueIRS element (for citing)
Total Book Value Other Assets184737418TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescriptionAmountAmount
DISTRIBUTIONS PAYABLE$3,680,971
FUNDS HELD FOR OTHERS$174,411,139
OBLIGATION UNDER ANNUITIES AND TRUSTS$1,405,926
FieldValueIRS element (for citing)
Total Of Amounts179498036TotalOfAmounts
Total Revenue4423130TotalRevenue
Total Expenses6632552TotalExpenses
Excess Or Deficit For Year-2209422ExcessOrDeficitForYear
Net Unrealized GL On Investments21925788NetUnrealizedGLOnInvestments
Other$694,350OtherAmount
Total Adjustments22620138TotalAdjustments
Excess Or Deficit Per FS20410716ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt27043268TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments21925788NetUnrealizedGainsInvestments
Other Revenues694350OtherRevenues
Revenue Not Rptd F99022620138RevenueNotRptdF990
Revenue Subtotal4423130RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9904423130TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt6632552TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal6632552ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9906632552TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Part V, Line 4:Description of Intended Use of Endowment Funds:Annual distributions to support the performing arts at The Music Center/Performing Arts Center of Los Angeles County and its Resident Companies.
Part X:Description of Uncertain Tax Positions Under FIN 48: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, 2010, the Foundation did not recognize any amount in potential interest and penalties associates with uncertain tax positions.
Part XI, Line 8 - Other Adjustments:CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS: 694350.
Part XII, Line 2d - Other Adjustments:CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: 694350.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable (6 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantMethod Of ValuationMethodOfValuationDescription Of Non Cash AssistanceDescriptionOfNonCashAssistancePurpose Of GrantPurposeOfGrant
MUSIC CENTERPERFORMING ARTS CENTER OF LOS ANGELES COUNTY
135 NORTH GRAND AVELOS ANGELESCA90012952217011501(C)(3)1138297FMVN/AGENERAL SUPPORT
LOS ANGELES PHILHARMONIC ASSOCIATION
135 NORTH GRAND AVELOS ANGELESCA90012951696734501(C)(3)2616911FMVN/AGENERAL SUPPORT
CENTER THEATRE GROUP
135 NORTH GRAND AVELOS ANGELESCA90012952466183501(C)(3)1161778FMVN/AGENERAL SUPPORT
LOS ANGELES OPERA COMPANY
135 NORTH GRAND AVELOS ANGELESCA90012952096402501(C)(3)817488FMVN/AGENERAL SUPPORT
LOS ANGELES MASTER CHORALE
135 NORTH GRAND AVELOS ANGELESCA90012952315682501(C)(3)123691FMVN/AGENERAL SUPPORT
California Institute of the Arts
135 NORTH GRAND AVELOS ANGELESCA90012956102146501(C)(3)76964fmvn/AGeneral Support
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants6TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations6TotalNbrOfOtherOrganizations

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 J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1Edward RadaBusinessNameLine1
FieldValueIRS element (for citing)
Base Compensation Filing Org203987BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org0BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org0OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org20000DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org10382NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org234369TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
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 either through www.guidestar.org or 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 XI, LINE 2C:Since the filing of prior year 2008 tax return, there have been no changes to the audit oversight and selection process.
FORM 990, PART VIII, LINE 7AThe 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

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/BusinessNameLine1
MUSIC CENTERPERFORMING ARTS CENTER OF LOS ANGELES COUNTY
135 N Grand AveLOS ANGELESCA90012952217011General Support of its exempt purposeCA501(C)(3)EXEMPTTHE MUSIC CENTER FOUNDATION
LOS ANGELES PHILHARMONIC ASSOCIATION
135 N GRAND AVELOS ANGELESCA90012951696734GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)EXEMPTTHE MUSIC CENTER FOUNDATION
CENTER THEATRE GROUP OF LOS ANGELES INC
135 N GRAND AVELOS ANGELESCA90012952466183GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)EXEMPTTHE MUSIC CENTER FOUNDATION
LOS ANGELES OPERA ASSOCIATION
135 N GRAND AVELOS ANGELESCA90012952096402GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)EXEMPTTHE MUSIC CENTER FOUNDATION
LOS ANGELES MASTER CHORALE
135 N Grand AveLOS ANGELESCA90012952315682General Support of its exempt purposeCA501(C)(3)EXEMPTTHE MUSIC CENTER FOUNDATION
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 (10 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
MUSIC CENTERPERFORMING ARTS CENTER OF LOS ANGELES COUNTY
B1138297
LOS ANGELES PHILHARMONIC ASSOCIATION
B2616911
CENTER THEATRE GROUP OF LOS ANGELES INC
B1161778
LOS ANGELES OPERA COMPANY
B817488
LOS ANGELES MASTER CHORALE
B123691
LOS ANGELES OPERA COMPANY
D4486843
MUSIC CENTERPERFORMING ARTS CENTER OF LOS ANGELES COUNTY
O289356
LOS ANGELES PHILHARMONIC ASSOCIATION
P199952
LOS ANGELES PHILHARMONIC ASSOCIATION
R3550000
MUSIC CENTERPERFORMING ARTS CENTER OF LOS ANGELES COUNTY
R1426612