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← ACADEMY MUSEUM FOUNDATION

Form 990 for tax year 2023

Filed by ACADEMY MUSEUM FOUNDATION.

Totals

Total revenue
$77,709,798
Total expenses
$92,268,268
Contributions and grants received
$67,726,071
Grants paid
$59,280
Program service revenue
$8,879,044
Investment income
$1,051,262
Other revenue
$53,421
Total assets, end of year
$661,912,047
Total liabilities, end of year
$447,844,979
Net assets or fund balances, end of year
$214,067,068
Program services expenses (Part IX)
$86,049,312
Management and general expenses
$2,828,347
Fundraising expenses
$3,390,609
Program service expenses (Part III)
$86,049,312

Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $5,938,600

  • 1d · Related organizations

    $55,971,866

  • 1f · All other contributions, gifts and grants

    $5,815,605

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: TICKET SALES

    total $5,106,089 · excluded $5,106,089

  • 2b · Program service revenue: EVENT SALES

    total $3,088,365 · unrelated business $74,304 · excluded $3,014,061

  • 2c · Program service revenue: SPONSORSHIP AND LICENSING

    total $482,391 · excluded $482,391

  • 2d · Program service revenue: RESTAURANT SALES

    total $202,199 · excluded $202,199

  • 3 · Investment income

    total $1,051,262 · excluded $1,051,262

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · excluded $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $2,838,650

  • 8a · Fundraising events: contributions included on line 1c

    $5,938,600

  • 8b · Fundraising events: direct expenses

    $4,684,283

  • 8c · Net income from fundraising events

    total -$1,845,633 · excluded -$1,845,633

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · excluded $0

  • 10a · Gross sales of inventory

    $3,657,350

  • 10b · Cost of goods sold

    $1,762,085

  • 10c · Net income from sales of inventory

    total $1,895,265 · unrelated business $380,245 · excluded $1,515,020

  • 11a · Other revenue: MISCELLANEOUS

    total $3,789 · excluded $3,789

  • 11e · Other revenue, total

    $3,789

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $59,280 · program services $59,280

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,854,742 · program services $1,559,410 · management and general $143,885 · fundraising $151,447

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $21,854,375 · program services $18,888,974 · management and general $1,272,522 · fundraising $1,692,879

  • 8 · Pension plan contributions

    total $972,074 · program services $920,072 · management and general $52,002

  • 9 · Other employee benefits

    total $4,631,449 · program services $4,067,870 · management and general $231,008 · fundraising $332,571

  • 10 · Payroll taxes

    total $1,722,310 · program services $1,480,740 · management and general $95,535 · fundraising $146,035

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $184,406 · management and general $169,848 · fundraising $14,558

  • 11c · Fees: accounting

    total $86,735 · program services $86,735

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $2,879,314 · program services $2,175,771 · management and general $446,466 · fundraising $257,077

  • 12 · Advertising and promotion

    total $2,526,441 · program services $2,240,114 · management and general $110 · fundraising $286,217

  • 13 · Office expenses

    total $662,191 · program services $487,992 · management and general $114,124 · fundraising $60,075

  • 14 · Information technology

    total $2,466,463 · program services $2,090,529 · management and general $146,596 · fundraising $229,338

  • 15 · Royalties

    total $323,423 · program services $323,423

  • 16 · Occupancy

    total $3,894,621 · program services $3,893,956 · management and general $472 · fundraising $193

  • 17 · Travel

    total $492,752 · program services $403,523 · management and general $72,475 · fundraising $16,754

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $46,137 · program services $38,515 · management and general $7,102 · fundraising $520

  • 20 · Interest

    total $10,309,312 · program services $10,309,312

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $29,463,981 · program services $29,463,981

  • 23 · Insurance

    total $1,323,152 · program services $1,323,152

  • 24a · Other expenses: EXHIBITION

    total $2,980,169 · program services $2,980,169

  • 24b · Other expenses: EVENTS/CATERING

    total $1,181,484 · program services $1,000,574 · management and general $30,050 · fundraising $150,860

  • 24c · Other expenses: RETAIL EXPENSES

    total $1,102,223 · program services $1,102,223

  • 24d · Other expenses: STORAGE EXPENSES

    total $603,437 · program services $603,437

  • 24e · All other expenses

    total $647,797 · program services $549,560 · management and general $46,152 · fundraising $52,085

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $274,382 · end of year $911,994

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $605,660 · end of year $410,280

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $37,482,602 · end of year $36,514,845

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,035,595 · end of year $3,310,111

  • 10a · Land, buildings and equipment: cost or other basis

    $545,304,491

  • 10b · Land, buildings and equipment: accumulated depreciation

    $77,591,262

  • 10c · Land, buildings and equipment, net

    beginning of year $493,695,697 · end of year $467,713,229

  • 11 · Investments: publicly traded securities

    beginning of year $618 · end of year $3,420

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $137,018,332 · end of year $153,048,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,842,829 · end of year $9,783,470

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,420,639 · end of year $4,663,371

  • 20 · Tax-exempt bond liabilities

    beginning of year $452,539,204 · end of year $430,539,449

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,544,811 · end of year $2,858,689

  • 27 · Net assets without donor restrictions

    beginning of year $204,456,751 · end of year $212,531,876

  • 28 · Net assets with donor restrictions

    beginning of year $1,308,652 · end of year $1,535,192

Mission and programs · 2023

Mission

THE ACADEMY MUSEUM OF MOTION PICTURES ADVANCES THE UNDERSTANDING, CELEBRATION, AND PRESERVATION OF CINEMA THROUGH INCLUSIVE AND ACCESSIBLE EXHIBITIONS, SCREENINGS, PROGRAMS, INITIATIVES, AND COLLECTIONS. WELCOMING VISITORS FROM LOS ANGELES AND AROUND THE WORLD, THE MUSEUM WORKS IN ACTIVE PARTNERSHIP WITH MOTION PICTURE ARTISTS AND SPECIALISTS, SCHOLARS, STAFF, AND DIVERSE COMMUNITIES TO CONTEXTUALIZE AND CHALLENGE DOMINANT NARRATIVES AROUND CINEMA, INSPIRING DISCOURSE, CONNECTION, JOY, AND DISCOVERY.

Activities or mission (Part I)

TO SERVE AS A SUPPORTING ORGANIZATION OF THE ACADEMY FOUNDATION. ITS PRIMARY PURPOSE IS TO OWN AND OPERATE A MUSEUM DEDICATED TO THE ARTS AND SCIENCES OF MOTION PICTURES.

  • SEE SCHEDULE O

    Expenses $45,836,372

  • SEE SCHEDULE O

    Expenses $22,536,548

  • SEE SCHEDULE O

    Expenses $14,495,876 · Revenue $8,879,044

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bill Kramer

    TRUSTEE

    Total calculated
    $1,105,780
    From this org
    $0
    From related orgs
    $1,050,596
    Other
    $55,184
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,012,593 related
    Bonus
    $0 + $38,003 related
    Other
    $0
    Deferred
    $0 + $32,320 related
    Nontaxable benefits
    $0 + $22,864 related
    Filer's total
    $0 + $1,105,780 related

  • Jacqueline Stewart

    MUSEUM DIRECTOR AND PRESIDENT

    Total calculated
    $690,518
    From this org
    $608,331
    From related orgs
    $0
    Other
    $82,187
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $608,331
    Bonus
    $0
    Other
    $0
    Deferred
    $48,290
    Nontaxable benefits
    $33,897
    Filer's total
    $690,518

  • Brendan Connell Jr

    CHIEF OPERATING OFFICER

    Total calculated
    $614,479
    From this org
    $556,363
    From related orgs
    $0
    Other
    $58,116
    Hours/week
    25 + 20 related

    Schedule J breakdown matched by us

    Base
    $556,363
    Bonus
    $0
    Other
    $0
    Deferred
    $33,565
    Nontaxable benefits
    $24,551
    Filer's total
    $614,479

  • Andrew Horn

    CHIEF FINANCIAL OFFICER

    Total calculated
    $536,433
    From this org
    $0
    From related orgs
    $425,766
    Other
    $110,667
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,831 related
    Bonus
    $0 + $24,935 related
    Other
    $0
    Deferred
    $0 + $75,677 related
    Nontaxable benefits
    $0 + $34,990 related
    Filer's total
    $0 + $536,433 related

  • Beverly Kite

    CHIEF INFORMATION OFFICER

    Total calculated
    $440,609
    From this org
    $0
    From related orgs
    $364,938
    Other
    $75,671
    Hours/week
    10 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,938 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $40,681 related
    Nontaxable benefits
    $0 + $34,990 related
    Filer's total
    $0 + $440,609 related

  • Amy Homma

    CHIEF AUDIENCE OFFICER

    Total calculated
    $351,057
    From this org
    $294,913
    From related orgs
    $0
    Other
    $56,144
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $294,913
    Bonus
    $0
    Other
    $0
    Deferred
    $22,247
    Nontaxable benefits
    $33,897
    Filer's total
    $351,057

  • Shradda Aryal

    VP, EXHIBITION DESIGN & PROD.

    Total calculated
    $329,270
    From this org
    $268,300
    From related orgs
    $0
    Other
    $60,970
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $268,300
    Bonus
    $0
    Other
    $0
    Deferred
    $27,073
    Nontaxable benefits
    $33,897
    Filer's total
    $329,270

  • Matthew Youngner

    VP, ADVANCEMENT

    Total calculated
    $240,321
    From this org
    $202,988
    From related orgs
    $0
    Other
    $37,333
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $202,988
    Bonus
    $0
    Other
    $0
    Deferred
    $20,560
    Nontaxable benefits
    $16,773
    Filer's total
    $240,321

  • Agnes Stauber

    VP, DIGITAL CONTENT & STRATEGY

    Total calculated
    $234,331
    From this org
    $202,052
    From related orgs
    $0
    Other
    $32,279
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $202,052
    Bonus
    $0
    Other
    $0
    Deferred
    $2,966
    Nontaxable benefits
    $29,313
    Filer's total
    $234,331

  • Bridgette Wilder

    EVP - HUMAN RESOURCES

    Total calculated
    $231,032
    From this org
    $210,448
    From related orgs
    $0
    Other
    $20,584
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $210,448
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,584
    Filer's total
    $231,032

  • Lena Wong

    ASSOC. GEN. COUNCIL

    Total calculated
    $179,873
    From this org
    $174,047
    From related orgs
    $0
    Other
    $5,826
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $174,047
    Bonus
    $0
    Other
    $0
    Deferred
    $5,677
    Nontaxable benefits
    $149
    Filer's total
    $179,873

  • Jim Gianopulos

    TREASURER, TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mie-Kyung Lee

    VICE CHARIMAN, TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ted Sarandos

    CHAIRMAN, TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Steward

    SECRETARY, TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Patricia Bellinger Balzer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Howard Berger

    TRUSTEE (AS OF 08/2023)

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Jason Blum

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Arnaud Boetsch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Dolby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Duffield

    TRUSTEE (AS OF 08/2023)

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Sidonie Dumas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric Esrailian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Olivier De Givenchy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Julia S Gouw

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ray Halbritter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Hanks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Travis Knight

    TRUSTEE (AS OF 07/2023)

    Total calculated
    $0
    Hours/week
    1

  • David Linde

    TRUSTEE (UNTIL 08/2023)

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Eva Longoria

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alejandro Ramirez Magana

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ryan Murphy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Isis Mussenden

    TRUSTEE (UNTIL 08/2023)

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • Dominic Ng

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Katherine Oliver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shira Ruderman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Regina Scully

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Emma Thomas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Janet Yang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 23 related

  • Kevin Yeaman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501339349306195

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