MUSEUM ASSOCIATES

Financials

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

Address and contacts

Address (IRS master file)

5905 WILSHIRE BLVD, LOS ANGELES, CA 90036-4504

In care of

% LOS ANGELES COUNTY MUSEUM OF ART

Principal officer (990 for 2024)

MARK C DE BACA, 5905 WILSHIRE BLVD, LOS ANGELES, CA 90036

Signed the 990

MICHAEL GOVAN, CEO AND WALLIS ANNENBERG DIR.

Phone

(323) 857-6172

Return prepared by

SINGERLEWAK LLP

Mission

SEE SCHEDULE O

Program accomplishments

• EXHIBITION, CURATORIAL, CONSERVATION & ART PROGRAMS:LACMA PRESENTED 16 EXHIBITIONS AND PERMANENT COLLECTION INSTALLATIONS IN FISCAL 2024-2025, FEATURING ARTWORKS FROM ITS OWN COLLECTION AND FROM LENDERS AROUND THE WORLD. PUBLIC PROGRAMS, FILMS, AND CONCERTS ARE DEVELOPED IN COORDINATION WITH SPECIAL EXHIBITIONS. MANY WORKS FROM THE MUSEUM'S COLLECTION OF OVER 150,000 OBJECTS ARE TREATED BY CONSERVATORS, WHILE THE MUSEUM'S RESEARCH LIBRARY AND SCHOLARLY PUBLICATIONS PROVIDE REFERENCE SUPPORT TO MUSEUM STAFF AND OUTSIDE SCHOLARS. ALL OF THESE ACTIVITIES SERVE TO MEET THE GOALS OF CONSERVATION, EXHIBITION AND INTERPRETATION OF ART INTO MEANINGFUL AESTHETIC, INTELLECTUAL, AND CULTURAL EXPERIENCES.
  Expenses $52,264,450 · grants $395,921 · revenue $1,440,580
• FACILITY ENHANCEMENT:IN FISCAL 2024-2025, LACMA CONTINUED WORK TOWARDS A MAJOR, NEW MUSEUM BUILDING. MOST OF THESE COSTS WERE CAPITALIZED AND ARE NOT REFLECTED ON THIS LINE. THIS CATEGORY OF EXPENSE ALSO REFLECTS FINANCING AND DEPRECIATION EXPENSE REPRESENTING AMORTIZATION OF THE CAPITALIZED COSTS OF CONSTRUCTING THE MUSEUM'S PHYSICAL FACILITIES, AN ACTIVITY THAT IS ONE OF THE CORE REASONS MUSEUM ASSOCIATES WAS FOUNDED.
  Expenses $18,447,184
• ART ACQUISITION:WORKS OF ART IN ALL MEDIA, FROM EVERY HISTORICAL PERIOD, AND FROM EVERY CORNER OF THE GLOBE ARE PURCHASED TO ENHANCE THE MUSEUM'S PERMANENT COLLECTION. SUCH ADDITIONS CONTRIBUTE TO THE MUSEUM'S GOAL OF COLLECTING SIGNIFICANT WORKS OF ART FROM A BROAD RANGE OF CULTURES AND ERAS.EXPENSES REFLECT FUNDS PAID BY THE MUSEUM FOR THE ACQUISITION OF ARTWORK DURING THE YEAR, BUT DO NOT REFLECT THE VALUE OF GIFTS OF ART. REVENUES REPRESENT THE PROCEEDS OF DEACCESSIONS FROM THE PERMANENT COLLECTION RECEIVED DURING THE FISCAL YEAR, WHICH, IN ACCORDANCE WITH MUSEUM POLICY, ARE RESTRICTED FOR THE FUTURE ACQUISITION OF ARTWORKS.
  Expenses $15,475,056 · revenue $305,884
• THE MUSEUM COLLECTS WORKS OF ART IN ALL MEDIA, FROM EVERY HISTORICAL PERIOD, AND FROM EVERY CORNER OF THE GLOBE TO ENHANCE ITS PERMANENT COLLECTION. EXPENSES REFLECT FUNDS PAID BY THE MUSEUM FOR THE ACQUISITION OF ART WORKS, BUT DO NOT REFLECT THE VALUE OF IN-KIND GIFTS OF ART. THE MUSEUM OFFERS MANY EDUCATIONAL OUTREACH PROGRAMS IN LOCAL SCHOOLS AND ON-SITE FOR CHILDREN AND TEENS AS WELL AS CLASSES AND OTHER PROGRAMS AND INTERPRETIVE MATERIALS FOR COLLEGE STUDENTS AND ADULTS.
  Expenses $18,981,948 · revenue $86,315,120

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

95-2264067

Tax-exempt status

501(c)(3): Charitable, religious, educational or scientific organization

Foundation status

Publicly supported organization (509(a)(2))

Donations deductible (Pub 78)

Public charity, 50% deduction limit

Exempt since

1944

Accounting year ends

June

Files

Form 990 or 990-EZ

Category (NTEE)

Arts, culture and humanities (A51)

Assets (IRS master file)

$1,814,001,780

Income (IRS master file)

$240,152,718

Filing history

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about MUSEUM ASSOCIATES

What is the EIN of MUSEUM ASSOCIATES?

The employer identification number (EIN) of MUSEUM ASSOCIATES is 95-2264067.

Is MUSEUM ASSOCIATES tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1944.

Are donations to MUSEUM ASSOCIATES tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does MUSEUM ASSOCIATES file?

Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.

When is the next return of MUSEUM ASSOCIATES due?

The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.

When did MUSEUM ASSOCIATES last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended June 2025.

Who is the principal officer of MUSEUM ASSOCIATES?

The 990 for the year ended June 30, 2025 names MARK C DE BACA.

Who are the officers and directors of MUSEUM ASSOCIATES?

The 990 for the year ended June 30, 2025 lists 72 people; 13 received compensation from the organization, the highest $1,412,481 (MICHAEL GOVAN, CEO AND WALLIS ANNENBERG DIRECTOR).

How much revenue does MUSEUM ASSOCIATES have?

On its 990 for the year ended June 30, 2025 it reported revenue of $235,355,221, expenses of $124,514,874 and total assets of $1,814,001,780 at year end.

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