Academy Foundation FY2021 filing

Tax-deductible

Beverly Hills, CA501(c)(3)Since 1944Arts & CultureEIN 95-2243698

The academy foundation was established with the purpose of organizing and overseeing the educational and cultural activities of the motion picture industry, including the presentation of its history and the promotion of its future including the margaret herrick library, the print and film archives and the academy museum of motion pictures.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $10.2M a year · 12% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $57.7M
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.4M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$81.0M
+14% vs prior year
Spent
$104.2M
To programs
99%
Net assets
$94.3M
By yearFY2020–FY2024
Revenue
$81.0M
FY2021▲ +14%
Revenue by fiscal year
FY2020$71.1M
FY2021$81.0M
FY2022$108.3M
FY2023$78.7M
FY2024$88.0M
FY2024$75.6M
Expenses
$104.2M
FY2021▲ +35%
Expenses by fiscal year
FY2020$77.3M
FY2021$104.2M
FY2022$111.1M
FY2023$92.6M
FY2024$92.9M
FY2024$82.2M
Net assets
$94.3M
FY2021▼ -20%
Net assets by fiscal year
FY2020$117.2M
FY2021$94.3M
FY2022$92.0M
FY2023$78.2M
FY2024$73.4M
FY2024$66.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $103.4M Management & general 1% · $820K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chief Executive Officer
$0Pt VII · Sec A
SVP, Preserv & Foundatin Progr
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Chief Operating Officer
$0Pt VII · Sec A
Gen. Counsel & Chief Admin Off
$0Pt VII · Sec A
Chief Information Officer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Matt Severson’s $249K as EVP - Academy Collect & Presv is at the 28th percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Andrew Maltz—$270,372$295,548$286,006
Randy Haberkamp$206,029$266,930$259,972$246,168
Matt Severson$248,526$191,439$186,452$165,886
Kendra Carter$213,177$217,353——
George Joblove$211,644$210,072$192,186$186,716
Michael Pogorzelski$209,349——$174,738
Alex Forsythe$200,434$191,015$186,088—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Academy Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and promotes the history and future of the motion picture industry through educational programs, cultural activities, and grants supporting film studies.

Provided by the organization

This section is blank until Academy Foundation claims this page.

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3 program services account for $99.1M of program spending, described in the organization's own filed words · FY2020.
01

Grant to related organization in support of operation of a museum dedicated to the arts and sciences of motion pictures.

$73.0Mprogram expense
02

Grant to related organization in support of the management of the douglas fairbanks center for motion picture history, margaret herrick library, and academy film archive.

$20.8Mprogram expense
03

Grant to related organization in support of activities to promote and further the study and importance of motion pictures in the life of the public.

$5.3Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 215 grants · $575.2M · 2019–2024
Academy Museum FoundationCA · FY2024$50,465,561
Archival FoundationCA · FY2024$15,635,096
Unitemized GrantFY2024$51,250
Unitemized GrantFY2024$35,000
Unitemized GrantFY2024$22,000
Unitemized GrantFY2024$12,500
Academy Museum FoundationCA · FY2023$55,963,337
Archival FoundationCA · FY2023$17,685,075
Unitemized GrantFY2023$103,250
Unitemized GrantFY2023$35,000
Unitemized GrantFY2023$12,500
Unitemized GrantFY2023$10,000
Academy Museum FoundationCA · FY2022$53,767,235
Archival FoundationCA · FY2022$18,469,943
Unitemized GrantFY2022$73,000
See all 215 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$81.0M
Ln 12
Gifts and grantsLn 1h$80.9M
Other incomeLn 4–11$72K
Investment incomeLn 3$31K
Money outPt IX
$104.2M
Ln 25
Programscol B$103.4M
Managementcol C$820K
Owns and owesPt X
$94.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$98.7M
LiabilitiesLn 26$4.4M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80.9M
Government grantsLn 1e$158K
Noncash giftsLn 1g$2.5M
Investment incomeLn 3$31K
Other incomeLn 4–11$72K
Gains on assetsLn 7−$30K
Total revenueLn 12$81.0M
Assets in detailPt X, end of year
CashLn 1$2.4M
SavingsLn 2$0
Cash and savings togetherLn 1–2$2.4M
InvestmentsLn 11–13$2.1M
Land, buildings, equipmentLn 10c$128K
Other assetsLn 15$0
Total assetsLn 16$98.7M
LiabilitiesLn 26$4.4M
Net assetsLn 32$94.3M
OperationsPt I, VI
EmployeesI 5247
VolunteersI 6165
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.6M$2.4M
InvestmentsLn 11–13$1.8M$2.1M
Land, buildings, equipmentLn 10c$129K$128K
Total assetsLn 16$119.3M$98.7M
LiabilitiesLn 26$2.2M$4.4M
Net assetsLn 32$117.2M$94.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$99.1M$99.1M
Grants to domestic individualsLn 2$128K$128K
Grants and assistance to foreign recipientsLn 3$38K$38K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$388K$168K$219K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.2M$1.9M$333K
Pension plan contributionsLn 8$422K$379K$43K
Other employee benefitsLn 9$311K$258K$54K
Payroll taxesLn 10$159K$122K$37K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$41K$11K$30K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$130K$130K
Advertising and promotionLn 12$144K$142K$2K
Office expensesLn 13$30K$26K$4K
Information technologyLn 14$565K$469K$96K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$3K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$536K$536K$804
Total functional expensesLn 25$104.2M$103.4M$820K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $88.0M$92.9M−$4.9M$73.4M 990 PDF
FY2023 $78.7M$92.6M−$13.9M$78.2M 990 PDF
FY2022 $108.3M$111.1M−$2.7M$92.0M 990 PDF
FY2021 Viewing $81.0M$104.2M−$23.2M$94.3M 990 PDF
FY2020 $71.1M$77.3M−$6.2M$117.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $81,007,357 across 11 lines filed
VIII-1d Related organizations$49,623,232
VIII-1e Government grants$158,050
VIII-1f All other contributions, gifts and grants$31,123,297
VIII-1g Noncash contributions (included above)$2,466,631
VIII-1h Total contributions, gifts and grants$80,904,579
VIII-3 Investment incomeExcluded from tax $60,318$60,318
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $72,000$72,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$29,540−$29,540
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $102,778$81,007,357
Part IX · Statement of functional expenses $104,196,288 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $99,051,697$99,051,697
IX-2 Grants to domestic individualsPrograms $128,500$128,500
IX-3 Grants and assistance to foreign recipientsPrograms $37,500$37,500
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $168,357 · Management $219,208$387,565
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,913,281 · Management $333,342$2,246,623
IX-8 Pension plan contributionsPrograms $379,258 · Management $42,592$421,850
IX-9 Other employee benefitsPrograms $257,542 · Management $53,856$311,398
IX-10 Payroll taxesPrograms $122,244 · Management $37,253$159,497
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $11,000 · Management $30,238$41,238
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $130,000$130,000
IX-12 Advertising and promotionPrograms $141,930 · Management $2,350$144,280
IX-13 Office expensesPrograms $26,157 · Management $4,199$30,356
IX-14 Information technologyPrograms $469,077 · Management $96,333$565,410
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $2,666$2,666
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,215$1,215
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $535,689 · Management $804$536,493
IX-25 Total functional expensesPrograms $103,376,113 · Management $820,175 · Fundraising $0$104,196,288
Part X · Balance sheet $98,699,114 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $2,645,106$2,398,270
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $114,674,039$94,044,024
X-4 Accounts receivableStart of year $83,848$11,195
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $128,993$127,777
X-11 Publicly traded securitiesStart of year $1,807,418$2,117,848
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $119,339,404$98,699,114
X-17 Accounts payable and accrued expensesStart of year $1,665,047$1,906,361
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $500,000$2,531,420
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $2,165,047$4,437,781
X-27 Net assets without donor restrictionsStart of year $16,936,050$16,688,840
X-28 Net assets with donor restrictionsStart of year $100,238,307$77,572,493
X-32 Total net assets or fund balancesStart of year $117,174,357$94,261,333
X-33 Total liabilities and net assetsStart of year $119,339,404$98,699,114
Part XI · Reconciliation of net assets $94,261,333 net assets at year end
XI-1 Total revenue$81,007,357
XI-2 Total expenses$104,196,288
XI-3 Revenue less expenses−$23,188,931
XI-4 Net assets at start of year$117,174,357
XI-5 Net unrealized gains (losses) on investments$7,852
XI-9 Other changes in net assets$268,055
XI-10 Net assets at end of year$94,261,333

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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