Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1944.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
73 people listed on the 990; $5.3M paid to officers and key staff.
Michael Govan’s $1.4M as CEO and Wallis Annenberg Director is at the 81st percentile of top reported officer pay among 53 $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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Michael Govan | $1,412,481 | $1,527,357 | $2,496,238 | $1,224,759 | $1,229,956 |
| Diana Vesga | $853,927 | $961,187 | $699,325 | $739,117 | $584,325 |
| Jeffrey Blair | $497,919 | $388,942 | $364,000 | $350,583 | $102,083 |
| Fred Goldstein | — | — | — | — | $430,443 |
| Elizabeth Wiatt | $363,250 | $282,083 | — | — | — |
| Lori Jo Hartman | $350,914 | $318,785 | $299,242 | $281,619 | $274,460 |
| Mark Mitchell | $326,828 | $290,532 | $267,464 | $271,540 | $265,049 |
| Zoe Kahr | — | — | $316,581 | $312,434 | $311,850 |
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.
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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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Protects art and provides public services and engagement to diverse museum audiences through programs and events.
Questions for Museum Associates
Your first name shows with your question. Museum Associates answers here, for everyone.
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Exhibition, curatorial, conservation & art programslacma presented 23 exhibitions and permanent collection installations in fiscal 2023-2024, featuring artworks from its own collection and from lenders around the world. Public programs, films, and concerts are developed in coordination with special exhibitions.
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…
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $46.8M | $15.9M |
| InvestmentsLn 11–13 | $595.3M | $552.9M |
| Land, buildings, equipmentLn 10c | $705.0M | $831.1M |
| Total assetsLn 16 | $1.57B | $1.66B |
| LiabilitiesLn 26 | $746.5M | $752.8M |
| Net assetsLn 32 | $820.5M | $912.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $46K | $46K | ||
| Grants to domestic individualsLn 2 | $29K | $29K | ||
| Grants and assistance to foreign recipientsLn 3 | $4K | $4K | ||
| Pay of current officers, directors and key staffLn 5 | $4.7M | $1.5M | $2.3M | $927K |
| Other salaries and wagesLn 7 | $29.1M | $22.0M | $4.0M | $3.1M |
| Pension plan contributionsLn 8 | −$3.0M | −$1.9M | −$767K | −$319K |
| Other employee benefitsLn 9 | $3.6M | $2.6M | $599K | $378K |
| Payroll taxesLn 10 | $2.2M | $1.6M | $363K | $239K |
| Legal feesLn 11b | $363K | $99K | $264K | |
| Accounting feesLn 11c | $98K | $98K | ||
| Professional fundraising feesLn 11e | $58K | $58K | ||
| Investment management feesLn 11f | $1.6M | $1.6M | ||
| Other fees for servicesLn 11g | $10.5M | $9.7M | $358K | $359K |
| Advertising and promotionLn 12 | $198K | $184K | $13K | $1K |
| Office expensesLn 13 | $4.1M | $2.8M | $758K | $582K |
| Information technologyLn 14 | $1.9M | $1.3M | $487K | $144K |
| RoyaltiesLn 15 | $31K | $30K | $990 | $158 |
| OccupancyLn 16 | $14.2M | $13.1M | $720K | $423K |
| TravelLn 17 | $1.2M | $1.0M | $43K | $199K |
| InterestLn 20 | $8.4M | $8.4M | ||
| Depreciation, depletion and amortizationLn 22 | $9.3M | $9.0M | $317K | |
| InsuranceLn 23 | $1.9M | $1.9M | $4K | $7K |
| Other expenses (24a–d)Ln 24 | $15.7M | $15.3M | $24K | $361K |
| All other expensesLn 24e | $1.8M | $1.3M | $242K | $195K |
| Total functional expensesLn 25 | $108.0M | $90.0M | $11.3M | $6.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $235.4M | $124.5M | $110.8M | $1.1B | 990 PDF |
| FY2024 Viewing | $156.1M | $108.0M | $48.1M | $912.0M | 990 PDF |
| FY2023 | $194.5M | $102.1M | $92.4M | $820.5M | 990 PDF |
| FY2022 | $150.8M | $97.6M | $53.2M | $691.5M | 990 PDF |
| FY2021 | $124.6M | $90.6M | $34.0M | $644.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $156,115,259 revenue, 12 lines filed
Part VI · Governance 57 of 59 board members independent, 1 to look at
Part VIII · Statement of revenue $156,115,259 across 14 lines filed
Part IX · Statement of functional expenses $108,034,625 across 24 lines filed
Part X · Balance sheet $1,664,831,782 assets, 19 lines filed
Part XI · Reconciliation of net assets $912,038,775 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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