Totals
- Total revenue
- $5,556,052
- Total expenses
- $5,057,853
- Contributions and grants received
- $4,294,982
- Grants paid
- $0
- Program service revenue
- $365,751
- Investment income
- $286,658
- Other revenue
- $608,661
- Total assets, end of year
- $41,218,300
- Total liabilities, end of year
- $406,691
- Net assets or fund balances, end of year
- $40,811,609
- Program services expenses (Part IX)
- $3,200,740
- Management and general expenses
- $1,398,608
- Fundraising expenses
- $458,505
- Program service expenses (Part III)
- $3,200,740
Program services were 63.3% 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.
-
1b · Membership dues
$55,999
-
1c · Fundraising events
$377,630
-
1e · Government grants (contributions)
$428,021
-
1f · All other contributions, gifts and grants
$3,433,332
-
2a · Program service revenue: EXHIBITION REVENUE
total $202,092 · related or exempt $202,092
-
2b · Program service revenue: ADMISSIONS
total $94,766 · related or exempt $94,766
-
2c · Program service revenue: EDUCATION REVENUE
total $68,893 · related or exempt $68,893
-
3 · Investment income
total $275,319 · excluded $275,319
-
6a · Gross rents
real property $854,241
-
6b · Less rental expenses
real property $373,463
-
6c · Rental income or loss
real property $480,778
-
6d · Net rental income or loss
total $480,778 · excluded $480,778
-
7a · Gross sales of assets other than inventory
securities $2,550,426
-
7b · Less cost or other basis and sales expenses
securities $2,539,087
-
7c · Gain or loss
securities $11,339
-
7d · Net gain or loss
total $11,339 · excluded $11,339
-
8a · Fundraising events: gross income
$101,250
-
8a · Fundraising events: contributions included on line 1c
$377,630
-
8b · Fundraising events: direct expenses
$224,630
-
8c · Net income from fundraising events
total -$123,380 · excluded -$123,380
-
10a · Gross sales of inventory
$148,385
-
10b · Cost of goods sold
$66,251
-
10c · Net income from sales of inventory
total $82,134 · related or exempt $82,134
-
11a · Other revenue: LOAN FORGIVEN
total $125,000 · excluded $125,000
-
11b · Other revenue: COMMISSION INCOME
total $33,253 · excluded $33,253
-
11c · Other revenue: MISC. INCOME
total $10,876 · excluded $10,876
-
11e · Other revenue, total
$169,129
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $644,504 · program services $400,796 · management and general $163,625 · fundraising $80,083
-
7 · Other salaries and wages
total $1,744,664 · program services $1,084,950 · management and general $442,931 · fundraising $216,783
-
8 · Pension plan contributions
total $15,626 · program services $9,717 · management and general $3,967 · fundraising $1,942
-
9 · Other employee benefits
total $94,711 · program services $58,898 · management and general $24,045 · fundraising $11,768
-
10 · Payroll taxes
total $182,199 · program services $113,304 · management and general $46,256 · fundraising $22,639
-
11b · Fees: legal
total $6,326 · program services $2,530 · management and general $3,163 · fundraising $633
-
11c · Fees: accounting
total $27,866 · program services $11,146 · management and general $13,933 · fundraising $2,787
-
11f · Fees: investment management
total $41,975 · management and general $41,975
-
11g · Fees: other
total $399,009 · program services $117,409 · management and general $252,565 · fundraising $29,035
-
12 · Advertising and promotion
total $72,794 · program services $65,515 · management and general $7,279
-
13 · Office expenses
total $303,473 · program services $183,812 · management and general $77,844 · fundraising $41,817
-
16 · Occupancy
total $573,426 · program services $401,398 · management and general $172,028
-
17 · Travel
total $100,783 · program services $80,626 · management and general $20,157
-
20 · Interest
total $7,369 · management and general $7,369
-
22 · Depreciation, depletion and amortization
total $464,713 · program services $418,242 · management and general $46,471
-
23 · Insurance
total $10,933 · program services $7,653 · management and general $3,280
-
24a · Other expenses: EXHIBITIONS
total $197,711 · program services $187,825 · management and general $9,886
-
24b · Other expenses: DEVELOPMENT EXPENSE
total $63,771 · program services $9,565 · management and general $3,188 · fundraising $51,018
-
24c · Other expenses: EDUCATION
total $46,827 · program services $42,144 · management and general $4,683
-
24d · Other expenses: RECRUITMENT
total $42,638 · management and general $42,638
-
24e · All other expenses
total $16,535 · program services $5,210 · management and general $11,325
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $875,336 · end of year $1,819,878
-
2 · Savings and temporary cash investments
beginning of year $366,950 · end of year $1,070,697
-
3 · Pledges and grants receivable
beginning of year $461,728 · end of year $1,834,789
-
4 · Accounts receivable
beginning of year $12,424 · end of year $84,314
-
8 · Inventories for sale or use
beginning of year $43,103 · end of year $46,342
-
9 · Prepaid expenses and deferred charges
beginning of year $59,213 · end of year $39,853
-
10a · Land, buildings and equipment: cost or other basis
$32,213,939
-
10b · Land, buildings and equipment: accumulated depreciation
$7,870,299
-
10c · Land, buildings and equipment, net
beginning of year $23,848,253 · end of year $24,343,640
-
11 · Investments: publicly traded securities
beginning of year $15,217,020 · end of year $11,928,787
-
13 · Investments: program-related
beginning of year $612,500
-
15 · Other assets
beginning of year $50,000 · end of year $50,000
-
17 · Accounts payable and accrued expenses
beginning of year $114,847 · end of year $246,576
-
19 · Deferred revenue
beginning of year $3,395 · end of year $102,080
-
23 · Secured mortgages and notes payable
beginning of year $125,000
-
24 · Unsecured notes and loans payable
beginning of year $98,660 · end of year $58,035
-
27 · Net assets without donor restrictions
beginning of year $13,254,771 · end of year $13,469,493
-
28 · Net assets with donor restrictions
beginning of year $27,949,854 · end of year $27,342,116
Mission and programs · 2022
Mission
THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO: EXPAND KNOWLEDGE AND APPRECIATION OF MODERN AND CONTEMPORARY LATIN AMERICAN TINE ART THAT HAS BEEN CREATED SINCE WORLD WAR II; TO OPERATE A MUSEUM; TO COLLECT AND DISPLAY LATIN AMERICAN CONTEMPORARY ART; TO PROVIDE EDUCATION AND RESEARCH SERVICES REGARDING MODERN AND CONTEMPORARY LATIN AMERICAN TINE ART.
Activities or mission (Part I)
THE MUSEUM OF LATIN AMERICAN ARTS EXPANDS KNOWLEDGE AND APPRECIATION OF MODERN AND CONTEMPORARY LATIN AMERICAN AND LATINO ART THROUGH ITS COLLECTION, GROUND-BREAKING EXHIBITIONS, STIMULATING EDUCATIONAL PROGRAMS, AND ENGAGING CULTURAL EVENTS.
-
THE MUSEUM COLLECTED AND DISPLAYED ART FROM ARTISTS WHO LIVED OR WORKED IN LATIN AMERICA. THE MUSEUM OFFERED ART CLASSES, PROVIDED TOURS OF THE MUSEUM, SPONSORED GROUP TOURS TO OTHER LOCAL MUSEUMS AND PRESENTED LECTURES ON ART EXHIBITIONS. THE MUSEUM EXPERIENCED ITS FIRST FULL YEAR (POST-COVID) OPEN TO THE PUBLIC ACCORDINGLY, THE MUSEUM HAD 39,189 VISITORS IN 2022.
Expenses $3,200,740 · Revenue $447,885
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Burke GumbinerBURKE GUMBINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Castulo De La RochaCASTULO DE LA ROCHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Celia S De BirbragherCELIA S DE BIRBRAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lynne ScholnickLYNNE SCHOLNICK
DIRECTOR (RESIGNED)
- Total calculated
- $0
- Hours/week
- 1
-
Mike DeovletMIKE DEOVLET
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Robert Braun MDROBERT BRAUN MD
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Sofia RileySOFIA RILEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Tim DeganiTIM DEGANI
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Zach HorowitzZACH HOROWITZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Tiffany L BarbaraTIFFANY L BARBARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marianne GastelumMARIANNE GASTELUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard A NeriRICHARD A NERI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paula-Rose WihongiPAULA-ROSE WIHONGI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cedric WoolforkCEDRIC WOOLFORK
VP OF FINANCE & OPERATIONS
- Total calculated
- $139,100
- From this org
- $139,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Lourdes Ramos-RivasLOURDES RAMOS-RIVAS
PRESIDENT/CEO
- Total calculated
- $334,050
- From this org
- $300,000
- From related orgs
- $0
- Other
- $34,050
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,000
- Bonus
- $50,000
- Other
- $0
- Deferred
- $7,400
- Nontaxable benefits
- $26,650
- Filer's total
- $334,050
-
Gabriela UrtiagaGABRIELA URTIAGA
CHIEF CURATOR
- Total calculated
- $171,353
- From this org
- $145,000
- From related orgs
- $0
- Other
- $26,353
- Hours/week
- 40
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349326768
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