Form 990 for tax year 2022
Filed by LONG BEACH MUSEUM OF ART FOUNDATION.
Totals
- Total revenue
- $2,347,225
- Total expenses
- $2,404,417
- Contributions and grants received
- $1,661,080
- Grants paid
- $0
- Program service revenue
- $137,390
- Investment income
- $82,780
- Other revenue
- $465,975
- Total assets, end of year
- $6,423,631
- Total liabilities, end of year
- $908,413
- Net assets or fund balances, end of year
- $5,515,218
- Program services expenses (Part IX)
- $2,018,311
- Management and general expenses
- $227,652
- Fundraising expenses
- $158,454
- Program service expenses (Part III)
- $2,018,311
Program services were 83.9% 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.
-
1b · Membership dues
$164,380
-
1c · Fundraising events
$53,553
-
1e · Government grants (contributions)
$850,376
-
1f · All other contributions, gifts and grants
$592,771
-
2a · Program service revenue: MUSEUM ADMISSIONS
total $82,019 · related or exempt $82,019
-
2b · Program service revenue: OTHER PROGRAM FEES
total $1,151 · related or exempt $1,151
-
2c · Program service revenue: SPONSORSHIPS
total $54,220 · related or exempt $54,220
-
3 · Investment income
total $52,465 · related or exempt $52,465
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $145,804
-
6c · Rental income or loss
real property $145,804
-
6d · Net rental income or loss
total $145,804 · unrelated business $145,804
-
7a · Gross sales of assets other than inventory
securities $446,693
-
7b · Less cost or other basis and sales expenses
securities $416,378
-
7c · Gain or loss
securities $30,315
-
7d · Net gain or loss
total $30,315 · related or exempt $30,315
-
8a · Fundraising events: gross income
$71,420
-
8a · Fundraising events: contributions included on line 1c
$53,553
-
8b · Fundraising events: direct expenses
$71,420
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$2,304,887
-
10b · Cost of goods sold
$2,320,670
-
10c · Net income from sales of inventory
total -$15,783 · unrelated business -$15,783
-
11a · Other revenue: OTHER INCOME
total $335,954 · related or exempt $335,954
-
11e · Other revenue, total
$335,954
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
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 $255,208 · program services $206,692 · management and general $28,018 · fundraising $20,498
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $972,979 · program services $788,012 · management and general $106,817 · fundraising $78,150
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $97,133 · program services $70,765 · management and general $18,595 · fundraising $7,773
-
10 · Payroll taxes
total $89,404 · program services $72,838 · management and general $11,614 · fundraising $4,952
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $11,271 · management and general $11,271
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $13,931 · program services $11,629 · management and general $1,375 · fundraising $927
-
13 · Office expenses
total $101,532 · program services $78,972 · management and general $16,213 · fundraising $6,347
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $83,750 · program services $77,042 · management and general $4,055 · fundraising $2,653
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,015 · program services $1,015
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $167,262 · program services $162,032 · management and general $3,123 · fundraising $2,107
-
23 · Insurance
total $66,620 · program services $63,217 · management and general $2,032 · fundraising $1,371
-
24a · Other expenses: OUTSIDE SERVICES
total $179,105 · program services $152,873 · management and general $12,969 · fundraising $13,263
-
24b · Other expenses: Printing and Publications
total $103,401 · program services $89,630 · management and general $405 · fundraising $13,366
-
24c · Other expenses: RENTALS
total $77,585 · program services $74,760 · management and general $1,987 · fundraising $838
-
24d · Other expenses: UTILITIES
total $58,457 · program services $49,204 · management and general $5,525 · fundraising $3,728
-
24e · All other expenses
total $125,764 · program services $119,630 · management and general $3,653 · fundraising $2,481
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $855,758 · end of year $69,896
-
2 · Savings and temporary cash investments
beginning of year $80,441 · end of year $781,047
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $128,175 · end of year $161,945
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $26,542 · end of year $46,763
-
9 · Prepaid expenses and deferred charges
beginning of year $40,041 · end of year $103,774
-
10a · Land, buildings and equipment: cost or other basis
$7,624,298
-
10b · Land, buildings and equipment: accumulated depreciation
$3,977,084
-
10c · Land, buildings and equipment, net
beginning of year $3,815,733 · end of year $3,647,214
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $1,389,702 · end of year $1,536,768
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $7,100 · end of year $76,224
-
17 · Accounts payable and accrued expenses
beginning of year $428,174 · end of year $495,690
-
19 · Deferred revenue
beginning of year $151,674 · end of year $136,923
-
23 · Secured mortgages and notes payable
beginning of year $251,792 · end of year $251,792
-
25 · Other liabilities
beginning of year $29,000 · end of year $24,008
-
27 · Net assets without donor restrictions
beginning of year $3,509,353 · end of year $3,833,049
-
28 · Net assets with donor restrictions
beginning of year $1,973,499 · end of year $1,682,169
Mission and programs · 2022
Mission
The purpose of the Foundation is to promote understanding and appreciation of the arts, to collect and exhibit significant works of art, & to manage and support an institution where these works of art may be housed and displayed for the education and enjoyment of the public.
-
LBMA preserves, conserves, researches and exhibits works of art in its collection. LBMA shares historical, biographical, artistic and cultural ideas and information that defines and interprets the works in its collection and on exhibition. LBMA exhibits artwork loaned by individuals and other institutions that provides context for, comparison with and further exploration of the important works in the collection. The Museum presents educational programs for children and adults that promote life-long learning, nourish creativity and foster self-expression.
Expenses $2,018,311 · Revenue $137,390
As filed on the 2022 return.
Listed in Part VII
-
Ron NelsonRON NELSON
Executive Dir.
- Total calculated
- $255,208
- From this org
- $242,675
- From related orgs
- $0
- Other
- $12,533
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $242,675
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $12,533
- Filer's total
- $255,208
-
Debbie AutreyDEBBIE AUTREY
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tala BaltazarTALA BALTAZAR
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Laura MillmanLAURA MILLMAN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Oliver BrooksDR OLIVER BROOKS
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Donita Van HorikDONITA VAN HORIK
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark GuillenMARK GUILLEN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Marybeth KaneMARYBETH KANE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Barbara WildeBARBARA WILDE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Wayne BranderWAYNE BRANDER
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sylvia HartmanSYLVIA HARTMAN
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Ania SullivanANIA SULLIVAN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Donita JosephDONITA JOSEPH
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Marsha JefferMARSHA JEFFER
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Pamela MunzerPAMELA MUNZER
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Don GibbsDON GIBBS
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Matthew RabinMATTHEW RABIN
President
- 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
None.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202402289349301580
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