Museum Associates is a 501(c)(3) organization based in Los Angeles, California, registered in 1944, with $156,115,259 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
Revenue (FY2023)
$156.1M
▼ 19.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$108.0M
Net assets
$912.0M
Employees
581
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Museum Associates: 83% to programs · $8 to raise $100 earns a A on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Museum Associates: 101 mo reserves · +31% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Museum Associates: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Museum Associates: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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See schedule o
Facility enhancementin fiscal 2023-2024, 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.
Public and protective services and engagementit is a museum goal to continuously expand and serve audiences of all ages, ethnicities, and socio-economic backgrounds by creating welcoming environments and programs. this is accomplished through a variety of means, including on-site staff and contractors protecting art and providing service to the public, special events, promotional campaigns, campus way-finding media, and the museum magazine.
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.
Revenue grew from $111.6M (FY2013) to $156.1M (FY2023) across 7 reported years.
Financial snapshot
Operating margin
30.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$752.8M
Net assets
$912.0M
Salaries & benefits
$36.6M
34% of expenses
Board members
59
57 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $156,115,259▼19.7% | $108,034,625▲5.8% | $912,038,775▲11.2% | $1,664,831,782▲6.2% | 990 |
| 2022 | $194,481,499▲29.0% | $102,095,893▲4.6% | $820,452,112▲18.6% | $1,566,993,617▲6.5% | 990 |
| 2021 | $150,810,631▲21.0% | $97,616,148▲7.7% | $691,541,239▲7.3% | $1,471,254,703▲0.3% | 990 |
| 2020 | $124,614,423▲49.5% | $90,637,036▼16.8% | $644,693,114▲220% | $1,466,501,158▲107% | 990 |
| 2015 | $83,335,573▼19.3% | $108,987,429▼3.5% | $201,586,358▼22.7% | $709,060,802▼2.8% | 990 |
| 2014 | $103,272,007▼7.5% | $112,884,350▲5.0% | $260,924,059▼3.7% | $729,171,379▲0.7% | 990 |
| 2013 | $111,605,415 | $107,472,440▲2.1% | $270,853,469▲12.0% | $724,412,082▲6.6% | 990 |
| 2012 | — | $105,231,005▼6.1% | $241,816,089▲13.1% | $679,823,372▲2.9% | 990 |
| 2011 | — | $112,030,725▲8.9% | $213,738,113▼28.8% | $660,462,075▼9.7% | 990 |
| 2010 | — | $102,914,167▲26.5% | $300,191,338▲3.5% | $731,534,508▼1.3% | 990 |
| 2009 | — | $81,377,030 | $290,173,395 | $741,509,602 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Michael Govan — $1,527,357 (1.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Govan | Ceo and Wallis Annenberg D | 40 | $1,527,357 |
| Diana Vesga | Chief Operating Officer | 40 | $961,187 |
| Jeffrey Blair | General Counsel & Assistan | 40 | $388,942 |
| Lori Jo Hartman | Vp, Facilities and Securit | 40 | $318,785 |
| Jennifer Fiona Ragheb | Deputy Director For Curatorial & Exhibitions | 40 | $301,225 |
| Mark Mitchell | Chief Financial Officer | 40 | $290,532 |
| Elizabeth Wiatt | Svp, Development | 40 | $282,083 |
| Diana Magaloni-kerpel | Deputy Director, Program D | 40 | $275,528 |
| Naima Keith | Vp, Education & Public Pro | 40 | $226,294 |
| Britt Salvesen | Curator & Dept Head | 40 | $221,736 |
| Tiffany August | Avp, People & Culture | 40 | $221,228 |
| Nancy Thomas | Sr. Deputy Directorart Adm | 40 | $139,191 |
| Stephanie Barron | Senior Curator & Dept. Hea | 40 | $85,126 |
| Ann Rowland | Chief Financial Officer | 40 | $53,813 |
| Allison Berg | Trustee | 0.5 | — |
| Andrew Brandon-gordon | Trustee | 0.5 | — |
| Andy Song | Trustee | 0.5 | — |
| Ann Colgin | Trustee | 0.5 | — |
| Ashley Merrill | Trustee | 0.5 | — |
| Boojin Lee | Trustee | 0.5 | — |
| Contractor | Services | Paid |
|---|---|---|
| Clark Construction Group | Construction | $132,598,294 |
| Allied Universal Security Services | Security | $6,687,878 |
| Skidmore Owings & Merrill LLP | Architectural Consulting | $5,743,185 |
| Uniserve Project Management | Custodial Services | $1,463,134 |
| Anchor Street Collective | Event Production | $1,449,827 |
156 grants to Museum Associates totaling $36.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Impactassets Inc | General support | 2024 | $800,000 |
| The Bessemer Giving Fund | General support | 2024 | $500,000 |
| Jewish Community Fdn of the Jewish Federation Council of Greater La | General support | 2024 | $221,850 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $150,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $122,500 |
| American Online Giving Foundation Inc | General support | 2024 | $50,619 |
| The Seattle Foundation | To provide general support | 2024 | $50,000 |
| American Endowment Foundation | Arts, culture | 2024 | $46,000 |
| American Gift Fund | Operations | 2024 | $45,300 |
| National Charitable Endowment Inc | General charitable use | 2024 | $10,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $4,012,090 |
| Fidelity Non-profit Management Foundation | Campaign/fundraising | 2023 | $1,500,000 |
3 grants totaling $46K in FY2023. All grants made by Museum Associates →
| Recipient | Purpose | Amount |
|---|---|---|
| Not the Inc | Curatorial | $16,000 |
| Iyoiyo LLC | Curatorial | $15,000 |
| Pacific Traditions Society | Curatorial | $15,000 |
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Data for Museum Associates (EIN 95-2264067) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.