Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $2,333,307

• 1e · Government grants (contributions)

  $8,624,606

• 1f · All other contributions, gifts and grants

  $9,015,911

• 1g · Noncash contributions included above

  $164,863

• 2a · Program service revenue: LA COUNTY SUPPORT

  total $22,530,000 · related or exempt $22,530,000

• 2b · Program service revenue: MUSEUM ADMISSION FEES

  total $9,510,150 · related or exempt $9,510,150

• 2c · Program service revenue: MUSEUM USE & SERVICES

  total $2,067,300 · related or exempt $2,067,300

• 2d · Program service revenue: PROGRAM INCOME

  total $489,489 · related or exempt $489,489

• 3 · Investment income

  total $7,065,661 · unrelated business $13,255 · excluded $7,052,406

• 6a · Gross rents

  real property $532,103

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $532,103

• 6d · Net rental income or loss

  total $532,103 · excluded $532,103

• 7a · Gross sales of assets other than inventory

  securities $187,830,371

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

  securities $176,829,924

• 7c · Gain or loss

  securities $11,000,447

• 7d · Net gain or loss

  total $11,000,447 · excluded $11,000,447

• 11a · Other revenue: SHOPS, CAFE & PHOTO EX

  total $1,400,066 · excluded $1,400,066

• 11b · Other revenue: OTHER REVENUE

  total $495,973 · excluded $495,973

• 11e · Other revenue, total

  $1,896,039

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,794,309 · program services $1,658,228 · management and general $496,901 · fundraising $639,180

• 7 · Other salaries and wages

  total $25,058,583 · program services $21,244,617 · management and general $1,125,649 · fundraising $2,688,317

• 8 · Pension plan contributions

  total $840,258 · program services $673,648 · management and general $69,537 · fundraising $97,073

• 9 · Other employee benefits

  total $3,732,573 · program services $2,623,639 · management and general $748,382 · fundraising $360,552

• 10 · Payroll taxes

  total $2,063,578 · program services $1,450,496 · management and general $413,748 · fundraising $199,334

• 11b · Fees: legal

  total $421,530 · program services $274,632 · management and general $41,834 · fundraising $105,064

• 11c · Fees: accounting

  total $146,623 · program services $81,449 · management and general $55,673 · fundraising $9,501

• 11d · Fees: lobbying

  total $105,625 · fundraising $105,625

• 11f · Fees: investment management

  total $1,433,705 · management and general $1,433,705

• 11g · Fees: other

  total $3,498,244 · program services $2,167,640 · management and general $613,075 · fundraising $717,529

• 12 · Advertising and promotion

  total $1,204,906 · program services $739,319 · management and general $11,944 · fundraising $453,643

• 13 · Office expenses

  total $570,359 · program services $398,994 · management and general $121,644 · fundraising $49,721

• 14 · Information technology

  total $628,961 · program services $357,552 · management and general $43,052 · fundraising $228,357

• 16 · Occupancy

  total $2,376,259 · program services $2,276,838 · management and general $31,363 · fundraising $68,058

• 17 · Travel

  total $121,152 · program services $78,594 · management and general $21,378 · fundraising $21,180

• 22 · Depreciation, depletion and amortization

  total $7,441,800 · program services $3,849,823 · management and general $3,589,334 · fundraising $2,643

• 23 · Insurance

  total $1,264,498 · program services $916,152 · management and general $275,119 · fundraising $73,227

• 24a · Other expenses: MUSEUM USE

  total $4,983,529 · program services $2,727,210 · management and general $1,938,368 · fundraising $317,951

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $2,234,814 · program services $1,475,833 · management and general $636,448 · fundraising $122,533

• 24c · Other expenses: PRINTING & PHOTOGRAPHY

  total $202,428 · program services $167,780 · management and general $5,291 · fundraising $29,357

• 24d · Other expenses: EXHIBIT BUILDING & SUPP

  total $26,795 · program services $26,795

• 24e · All other expenses

  total $4,156,039 · program services $2,897,166 · management and general $851,054 · fundraising $407,819

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $33,694 · end of year $33,694

• 2 · Savings and temporary cash investments

  beginning of year $95,959,396 · end of year $63,307,431

• 3 · Pledges and grants receivable

  beginning of year $8,566,203 · end of year $9,095,503

• 4 · Accounts receivable

  beginning of year $564,233 · end of year $817,757

• 9 · Prepaid expenses and deferred charges

  beginning of year $489,545 · end of year $388,747

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

  $292,087,985

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

  $132,151,554

• 10c · Land, buildings and equipment, net

  beginning of year $113,723,362 · end of year $159,936,431

• 11 · Investments: publicly traded securities

  beginning of year $144,332,808 · end of year $130,839,033

• 12 · Investments: other securities

  beginning of year $47,889,741 · end of year $71,606,153

• 15 · Other assets

  beginning of year $17,793,564 · end of year $18,828,127

• 17 · Accounts payable and accrued expenses

  beginning of year $15,042,145 · end of year $18,055,545

• 19 · Deferred revenue

  beginning of year $191,273 · end of year $1,434,640

• 20 · Tax-exempt bond liabilities

  beginning of year $128,395,913 · end of year $128,179,953

• 23 · Secured mortgages and notes payable

  beginning of year $10,492,729 · end of year $16,844,621

• 25 · Other liabilities

  beginning of year $18,625,673 · end of year $20,027,067

• 27 · Net assets without donor restrictions

  beginning of year $153,551,023 · end of year $156,979,009

• 28 · Net assets with donor restrictions

  beginning of year $103,053,790 · end of year $113,332,041

The filer's explanations (Part III)

PART I, LINE 1A

DURING THE FISCAL YEAR, THE MUSEUM PROVIDED HOUSING ALLOWANCE FOR THE PRESIDENT.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CGA #1

  T · CHARITABLE GIFT ANNUITY · CA