Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $509,638

• 1f · All other contributions, gifts and grants

  $3,754,407

• 2a · Program service revenue: COMMUNITY GATHERINGS

  total $11,920,351 · related or exempt $7,133,608 · unrelated business $4,786,743

• 2b · Program service revenue: MUSEUM ADMISSIONS

  total $400,832 · related or exempt $400,832

• 2c · Program service revenue: OTHER PROGRAM REVENUE

  total $255,154 · related or exempt $255,154

• 2d · Program service revenue: TEACHER TRAINING, PERF

  total $214,248 · related or exempt $214,248

• 3 · Investment income

  total $3,553,299 · excluded $3,553,299

• 7a · Gross sales of assets other than inventory

  securities $221,810,783

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

  securities $219,201,186

• 7c · Gain or loss

  securities $2,609,597

• 7d · Net gain or loss

  total $2,609,597 · excluded $2,609,597

• 10a · Gross sales of inventory

  $356,037

• 10b · Cost of goods sold

  $213,004

• 10c · Net income from sales of inventory

  total $143,033 · related or exempt $131,590 · unrelated business $11,443

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,170,071 · program services $1,941,914 · management and general $96,134 · fundraising $132,023

• 7 · Other salaries and wages

  total $13,993,991 · program services $12,515,184 · management and general $626,047 · fundraising $852,760

• 8 · Pension plan contributions

  total $474,927 · program services $428,104 · management and general $18,506 · fundraising $28,317

• 9 · Other employee benefits

  total $2,511,202 · program services $2,263,620 · management and general $97,853 · fundraising $149,729

• 10 · Payroll taxes

  total $1,188,622 · program services $1,071,435 · management and general $46,316 · fundraising $70,871

• 11b · Fees: legal

  total $65,882 · management and general $65,882

• 11c · Fees: accounting

  total $439,839 · program services $439,839

• 11f · Fees: investment management

  total $940,177 · management and general $940,177

• 11g · Fees: other

  total $638,735 · program services $410,601 · management and general $17,425 · fundraising $210,709

• 12 · Advertising and promotion

  total $434,783 · program services $383,484 · management and general $95 · fundraising $51,204

• 13 · Office expenses

  total $1,181,973 · program services $1,086,579 · management and general $32,219 · fundraising $63,175

• 16 · Occupancy

  total $3,400,945 · program services $3,145,518 · management and general $170,284 · fundraising $85,143

• 17 · Travel

  total $85,788 · program services $61,820 · management and general $8,586 · fundraising $15,382

• 19 · Conferences, conventions and meetings

  total $5,821 · program services $3,078 · fundraising $2,743

• 22 · Depreciation, depletion and amortization

  total $4,040,147 · program services $3,738,488 · management and general $201,106 · fundraising $100,553

• 23 · Insurance

  total $552,216 · program services $394,440 · management and general $78,888 · fundraising $78,888

• 24a · Other expenses: COST OF GOODS SOLD

  total $2,102,111 · program services $2,102,111

• 24b · Other expenses: LEGAL SETTLEMENT

  total $2,093,800 · management and general $2,093,800

• 24c · Other expenses: EXHIBITS & COLLECTIONS

  total $1,249,044 · program services $1,249,044

• 24d · Other expenses: PERFORMANCES & LECTURES

  total $596,601 · program services $596,601

• 24e · All other expenses

  total $848,870 · program services $537,856 · management and general $123,665 · fundraising $187,349

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $22,093 · end of year $399,627

• 2 · Savings and temporary cash investments

  beginning of year $25,065,618 · end of year $9,127,285

• 3 · Pledges and grants receivable

  beginning of year $5,337,035 · end of year $3,017,214

• 4 · Accounts receivable

  beginning of year $348,318 · end of year $479,440

• 8 · Inventories for sale or use

  beginning of year $264,386 · end of year $224,825

• 9 · Prepaid expenses and deferred charges

  beginning of year $130,396 · end of year $365,831

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

  $170,470,865

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

  $66,968,350

• 10c · Land, buildings and equipment, net

  beginning of year $106,347,526 · end of year $103,502,515

• 11 · Investments: publicly traded securities

  beginning of year $28,654,882 · end of year $33,994,880

• 12 · Investments: other securities

  beginning of year $240,015,496 · end of year $273,922,093

• 14 · Intangible assets

  beginning of year $156,766

• 15 · Other assets

  beginning of year $216,245 · end of year $194,280

• 17 · Accounts payable and accrued expenses

  beginning of year $2,705,488 · end of year $5,014,577

• 19 · Deferred revenue

  end of year $766,402

• 25 · Other liabilities

  beginning of year $696,563 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $274,854,167 · end of year $287,632,400

• 28 · Net assets with donor restrictions

  beginning of year $128,302,543 · end of year $131,814,611

The filer's explanations (Part III)

PART I, LINE 1A

PER CONTRACT, JESSICA KORNBERG, PRESIDENT & CEO, IS ENTITLED TO FLY BUSINESS CLASS FOR WHEN SUCH CLASS IS AVAILABLE OR, IF UNAVAILABLE, FIRST CLASS, AND SHALL AT HER OPTION BRING HER SPOUSE WITH HER IN THE SAME CLASS OF AIR TRAVEL AT THE EXPENSE OF SKIRBALL CULTURAL CENTER. THIS BENEFIT IS AVAILABLE WHEN TRAVELING FOR BUSINESS PURPOSES. NO COMPANION TRAVEL BENEFITS WERE EXERCISED DURING 2023.

PART I, LINE 3

THE ORGANIZATION PERIODICALLY COMPARES IT'S EMPLOYEES WAGES WITH INDUSTRY SALARY SURVEYS. THIS ENSURES THAT COMPENSATION IS COMPARABLE BASED ON EXPERIENCE AND LEVEL OF RESPONSIBILITY. THERE IS A WRITTEN CONTRACT TO WHICH THE FINANCE COMMITTEE APPROVES ANY CHANGES.

PART I, LINE 4A

ROBERT KIRSCHNER, SENIOR SCHOLAR OF JEWISH STUDIES, RECEIVED A SEVERANCE PAYMENT OF $250,000 PAID IN JUNE 2023.

PART I, LINE 7

THE BELOW INDIVIDUAL RECEIVED A BONUS IN CALENDAR YEAR 2023. THIS BONUS WAS NOT CONTINGENT ON THE REVENUES OR NET EARNINGS OF THE ORGANIZATION: JESSICA KORNBERG - $61,800