Totals
- Total revenue
- $78,652,066
- Total expenses
- $92,554,324
- Contributions and grants received
- $78,584,765
- Grants paid
- $87,524,471
- Program service revenue
- $0
- Investment income
- -$4,853
- Other revenue
- $72,154
- Total assets, end of year
- $79,053,909
- Total liabilities, end of year
- $814,410
- Net assets or fund balances, end of year
- $78,239,499
- Program services expenses (Part IX)
- $91,277,549
- Management and general expenses
- $1,276,775
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $91,277,549
Program services were 98.6% 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.
-
1d · Related organizations
$61,275,683
-
1e · Government grants (contributions)
$191,403
-
1f · All other contributions, gifts and grants
$17,117,679
-
1g · Noncash contributions included above
$5,377,597
-
3 · Investment income
total $258 · excluded $258
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $72,000
-
6c · Rental income or loss
real property $72,000 · personal property $0
-
6d · Net rental income or loss
total $72,000 · excluded $72,000
-
7a · Gross sales of assets other than inventory
securities $563,979
-
7b · Less cost or other basis and sales expenses
securities $569,090
-
7c · Gain or loss
securities -$5,111
-
7d · Net gain or loss
total -$5,111 · excluded -$5,111
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $154 · excluded $154
-
11e · Other revenue, total
$154
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $87,344,456 · program services $87,344,456
-
2 · Grants to domestic individuals
total $125,000 · program services $125,000
-
3 · Grants to foreign organizations and individuals
total $55,015 · program services $55,015
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $329,576 · program services $0 · management and general $329,576
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,309,089 · program services $1,772,804 · management and general $536,285 · fundraising $0
-
8 · Pension plan contributions
total $281,304 · program services $252,752 · management and general $28,552
-
9 · Other employee benefits
total $461,646 · program services $386,903 · management and general $74,743
-
10 · Payroll taxes
total $172,297 · program services $115,232 · management and general $57,065
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $25,000 · management and general $25,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $145,480 · program services $145,480
-
13 · Office expenses
total $24,971 · program services $24,608 · management and general $363
-
14 · Information technology
total $704,889 · program services $481,339 · management and general $223,550
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $350 · program services $350
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $10,965 · program services $10,965
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $754 · program services $754
-
23 · Insurance
total $0
-
24a · Other expenses: GOLD RISING PROGRAM
total $237,042 · program services $237,042
-
24b · Other expenses: VISUAL HISTORIES
total $181,908 · program services $181,908
-
24c · Other expenses: CATERING
total $141,839 · program services $141,839
-
24d · Other expenses: OTHER
total $2,743 · program services $1,102 · management and general $1,641
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,312,550 · end of year $848,374
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $91,281,133 · end of year $77,919,050
-
4 · Accounts receivable
beginning of year $11,195 · end of year $79
-
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 $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $17,535 · end of year $160,287
-
10a · Land, buildings and equipment: cost or other basis
$784,665
-
10b · Land, buildings and equipment: accumulated depreciation
$658,857
-
10c · Land, buildings and equipment, net
beginning of year $126,562 · end of year $125,808
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $311
-
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 $248,412 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,005,921 · end of year $814,410
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
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 $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $70,950,669 · end of year $60,302,930
-
28 · Net assets with donor restrictions
beginning of year $21,040,797 · end of year $17,936,569
Mission and programs · 2022
Mission
THE ACADEMY FOUNDATION WAS ESTABLISHED WITH THE PURPOSE OF ORGANIZING AND OVERSEEING THE EDUCATIONAL AND CULTURAL ACTIVITIES OF THE MOTION PICTURE INDUSTRY, INCLUDING THE PRESENTATION OF ITS HISTORY AND THE PROMOTION OF ITS FUTURE INCLUDING THE MARGARET HERRICK LIBRARY, THE PRINT AND FILM ARCHIVES AND THE ACADEMY MUSEUM OF MOTION PICTURES.
Activities or mission (Part I)
TO ORGANIZE AND OVERSEE THE EDUCATIONAL AND CULTURAL ACTIVITIES OF THE MOTION PICTURE INDUSTRY, INCLUDING PRESENTATION OF ITS HISTORY AND PROMOTION OF ITS FUTURE.
-
GRANT TO RELATED ORGANIZATION IN SUPPORT OF OPERATION OF A MUSEUM DEDICATED TO THE ARTS AND SCIENCES MOTION PICTURES.
Expenses $54,489,788 · Grants $54,489,788
-
GRANT TO RELATED ORGANIZATION IN SUPPORT OF THE MANAGEMENT OF THE DOUGLAS FAIRBANKS CENTER FOR MOTION PICTURE HISTORY, MARGARET HERRICK LIBRARY, AND ACADEMY FILM ARCHIVE.
Expenses $23,124,987 · Grants $23,124,987
-
GRANT TO RELATED ORGANIZATION IN SUPPORT OF ACTIVITIES TO PROMOTE AND FURTHER THE STUDY AND IMPORTANCE OF MOTION PICTURES IN THE LIFE OF THE PUBLIC.
Expenses $9,729,681 · Grants $9,729,681
-
ACADEMY GOLD PROGRAM
Expenses $1,687,130 · Grants $142,015
-
VISUAL HISTORIES
Expenses $722,627
-
STUDENT ACADEMY AWARDS
Expenses $851,438 · Grants $38,000
-
EDUCATION PROGRAMS
Expenses $671,898
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dawn HudsonDAWN HUDSON
CEO (UNTIL 06/2022)
- Total calculated
- $1,266,688
- From this org
- $0
- From related orgs
- $741,541
- Other
- $525,147
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $469,811 related
- Bonus
- $0 + $18,226 related
- Other
- $0 + $253,504 related
- Deferred
- $0 + $500,900 related
- Nontaxable benefits
- $0 + $24,247 related
- Filer's total
- $0 + $1,266,688 related
-
Bill KramerBILL KRAMER
CEO (AS OF 07/2022)
- Total calculated
- $865,568
- From this org
- $0
- From related orgs
- $813,869
- Other
- $51,699
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $784,596 related
- Bonus
- $0 + $29,273 related
- Other
- $0
- Deferred
- $0 + $27,933 related
- Nontaxable benefits
- $0 + $23,766 related
- Filer's total
- $0 + $865,568 related
-
Christine SimmonsCHRISTINE SIMMONS
COO (UNTIL 07/2022)
- Total calculated
- $710,107
- From this org
- $0
- From related orgs
- $535,415
- Other
- $174,692
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $285,293 related
- Bonus
- $0 + $9,302 related
- Other
- $0 + $240,820 related
- Deferred
- $0 + $168,872 related
- Nontaxable benefits
- $0 + $5,820 related
- Filer's total
- $0 + $710,107 related
-
Brendan Connell JrBRENDAN CONNELL JR
COO (AS OF 07/2022)
- Total calculated
- $522,299
- From this org
- $0
- From related orgs
- $469,977
- Other
- $52,322
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $0 + $469,977 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $28,070 related
- Nontaxable benefits
- $0 + $24,252 related
- Filer's total
- $0 + $522,299 related
-
Jennifer DavidsonJENNIFER DAVIDSON
CHIEF COMMUNICATIONS OFFICER
- Total calculated
- $394,314
- From this org
- $0
- From related orgs
- $321,548
- Other
- $72,766
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $321,548 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $37,373 related
- Nontaxable benefits
- $0 + $35,393 related
- Filer's total
- $0 + $394,314 related
-
Beverly KiteBEVERLY KITE
CHIEF INFORMATION OFFICER
- Total calculated
- $393,874
- From this org
- $0
- From related orgs
- $343,365
- Other
- $50,509
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $343,365 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $15,116 related
- Nontaxable benefits
- $0 + $35,393 related
- Filer's total
- $0 + $393,874 related
-
Andrew HornANDREW HORN
CHIEF FINANCIAL OFFICER
- Total calculated
- $372,027
- From this org
- $0
- From related orgs
- $404,509
- Other
- -$32,482
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $379,574 related
- Bonus
- $0 + $24,935 related
- Other
- $0
- Deferred
- $0 + -$67,875 related
- Nontaxable benefits
- $0 + $35,393 related
- Filer's total
- $0 + $372,027 related
-
L Scott MillerL SCOTT MILLER
CHIEF LEGAL OFFICER
- Total calculated
- $248,711
- From this org
- $0
- From related orgs
- $344,598
- Other
- -$95,887
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $344,598 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + -$107,666 related
- Nontaxable benefits
- $0 + $11,779 related
- Filer's total
- $0 + $248,711 related
-
George JobloveGEORGE JOBLOVE
VP, TECHNOLOGY AND STANDARDS
- Total calculated
- $233,628
- From this org
- $192,186
- From related orgs
- $0
- Other
- $41,442
- Hours/week
- 0 + 45 related
Schedule J breakdown matched by us
- Base
- $192,186
- Bonus
- $0
- Other
- $0
- Deferred
- $16,457
- Nontaxable benefits
- $24,985
- Filer's total
- $233,628
-
Andrew MaltzANDREW MALTZ
SVP - SCIENCE & TECH. COUNCIL
- Total calculated
- $212,366
- From this org
- $295,548
- From related orgs
- $0
- Other
- -$83,182
- Hours/week
- 0 + 45 related
Schedule J breakdown matched by us
- Base
- $295,548
- Bonus
- $0
- Other
- $0
- Deferred
- -$118,575
- Nontaxable benefits
- $35,393
- Filer's total
- $212,366
-
Matt SeversonMATT SEVERSON
DIRECTOR OF LIBRARY
- Total calculated
- $190,502
- From this org
- $186,452
- From related orgs
- $0
- Other
- $4,050
- Hours/week
- 0 + 45 related
Schedule J breakdown matched by us
- Base
- $186,452
- Bonus
- $0
- Other
- $0
- Deferred
- -$20,935
- Nontaxable benefits
- $24,985
- Filer's total
- $190,502
-
Alex ForsytheALEX FORSYTHE
DIRECTOR - IMAGING TECHNOLOGY
- Total calculated
- $188,861
- From this org
- $186,088
- From related orgs
- $0
- Other
- $2,773
- Hours/week
- 0 + 45 related
Schedule J breakdown matched by us
- Base
- $186,088
- Bonus
- $0
- Other
- $0
- Deferred
- -$7,017
- Nontaxable benefits
- $9,790
- Filer's total
- $188,861
-
Randy HaberkampRANDY HABERKAMP
EVP, LIBRARY ARCHIVE & SCITECH
- Total calculated
- $40,637
- From this org
- $259,972
- From related orgs
- $0
- Other
- -$219,335
- Hours/week
- 0 + 45 related
-
Laura DernLAURA DERN
PRESIDENT (UNTIL 08/2022)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Isis MussendenISIS MUSSENDEN
PRESIDENT (AS OF 08/2022)
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Howard BergerHOWARD BERGER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Larry KaraszewskiLARRY KARASZEWSKI
TRUSTEE, VP (AS OF 08/2022)
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Nancy UtleyNANCY UTLEY
VICE PRESIDENT (UNTIL 08/2022)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
David LindeDAVID LINDE
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Jan PascaleJAN PASCALE
SECRETARY (UNTIL 08/2022)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Kim Taylor - ColemanKIM TAYLOR - COLEMAN
TRUSTEE (AS OF 08/2022)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Wynn ThomasWYNN THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Janet YangJANET YANG
TRUSTEE (AS OF 08/2022)
- Total calculated
- $0
- Hours/week
- 1 + 23 related
-
Brooke BretonBROOKE BRETON
SECRETARY (AS OF 08/2022)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Laura KimLAURA KIM
TRUSTEE (AS OF 08/2022)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
David RubinDAVID RUBIN
TRUSTEE (UNTIL 8/2022)
- Total calculated
- $0
- Hours/week
- 1 + 22 related
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
- 4a · Severance or change-of-control payment
Answered no
- 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
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 3 DETAIL
- METHODS USED TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: A RELATED ORGANIZATION COMPENSATES THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OF GOVERNORS.
- SCHEDULE J, PART I, LINE 4A DETAIL
- THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT DURING CALENDAR YEAR 2022: DAWN HUDSON $253,504 CHRISTINE SIMMONS $240,820
- SCHEDULE J, PART II, COLUMN C
- THE NEGATIVE AMOUNTS IN PART II COLUMN C FOR CERTAIN EMPLOYEES REFLECT THE DECREASE IN ACTUARIAL VALUE OF A DEFINED BENEFIT PLAN.
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
-
$53,767,235
SUP. OF RELATED ORG
-
$18,469,943
SUP. OF RELATED ORG
-
VINE STREET ARCHIVE FOUNDATION
$9,729,681
SUP. OF RELATED ORG
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.
-
501(C)(6) · MEMBERSHIP · CA
Directly controlled by NA
-
501(C)(3) · FILM LIBRARY · CA · controlled entity
Directly controlled by ACAD FND
-
5O1(C)(3) · MUSEUM · CA · controlled entity
Directly controlled by ACAD FND
-
VINE STREET ARCHIVE FOUNDATION
501(C)(3) · FILM STUDY · CA · controlled entity
Directly controlled by ACAD FND
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421359349305237
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