Ica La FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1984Arts & CultureEIN 95-3992968Revenue $2.3M in FY2021

On file with the IRStheicala.org1717 E 7th St, 90021-1201 · Los Angeles, CATax-exempt since Dec 1985Publicly supported charity — 170(b)(1)(A)(vi)

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Through its exhibitions and outreach programs, the institute of contemporary art, los angeles fosters diversity, innovation, and discovery in contemporary art - local, national, and international.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$194K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.3M a year · 31% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$194K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $940K
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+8% vs prior year
Spent
$2.1M
To programs
62%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$2.3M
FY2021▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$3.9M
FY2023$4.0M
FY2024$8.0M
FY2025$4.4M
Expenses
$2.1M
FY2021▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.1M
FY2022$2.6M
FY2023$3.0M
FY2024$3.4M
FY2025$3.4M
Net assets
$2.2M
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.2M
FY2022$3.5M
FY2023$4.5M
FY2024$9.1M
FY2025$10.1M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1985.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $1.3M Management & general 29% · $626K Fundraising 9% · $185K

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

17 people listed on the 990; $194K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$193,863Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Anne Ellegood’s $240K as Executive Director is at the 92nd percentile of top reported officer pay among 3925 $1–10M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Anne Ellegood$239,695$233,568$206,875$206,875$193,863$56,875
Elsa Longhauser—————$138,929

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II8 listed

Programs and updates

Showcases diverse, innovative contemporary art through exhibitions and outreach programs.

Questions for Ica La

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2020
01

The institute of contemporary art, los angeles (ica la)-a california not-for-profit corporation-is a non-collecting art museum. Founded in 1984 as the santa monica museum of art (smmoa) and reestablished in 2017 with a new identity and home in downtown los angeles, ica la builds upon a distinguished history of bold curatorial vision and…

$1.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 14 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$75K
Investment incomeLn 3$10K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.3M
Managementcol C$626K
Fundraisingcol D$185K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$4.1M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Government grantsLn 1e$162K
Fundraising eventsLn 1c$189K
Fees for servicesLn 2g$75K
Investment incomeLn 3$10K
Other incomeLn 4–11$8K
Gains on assetsLn 7$9K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$8K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$127K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$560K
Total assetsLn 16$4.1M
LiabilitiesLn 26$1.9M
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 535
VolunteersI 620
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$547K$1.1M
InvestmentsLn 11–13$68K$127K
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$3.8M$4.1M
LiabilitiesLn 26$1.8M$1.9M
Net assetsLn 32$2.1M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$210K$154K$32K$25K
Other salaries and wagesLn 7$467K$341K$50K$76K
Other employee benefitsLn 9$43K$32K$5K$7K
Payroll taxesLn 10$65K$47K$8K$10K
Legal feesLn 11b$286K$286K
Accounting feesLn 11c$52K$52K
Other fees for servicesLn 11g$283K$281K$618$1K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$75K$27K$36K$13K
OccupancyLn 16$318K$226K$56K$37K
TravelLn 17$10K$8K$570$2K
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$95K$69K$15K$11K
InsuranceLn 23$18K$3K$15K
Other expenses (24a–d)Ln 24$190K$135K$54K$1K
All other expensesLn 24e$19K$11K$6K$2K
Total functional expensesLn 25$2.1M$1.3M$626K$185K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.4M$3.4M$960K$10.1M 990 PDF
FY2024 $8.0M$3.4M$4.6M$9.1M 990 PDF
FY2023 $4.0M$3.0M$961K$4.5M 990 PDF
FY2022 $3.9M$2.6M$1.3M$3.5M 990 PDF
FY2021 Viewing $2.3M$2.1M$109K$2.2M 990 PDF
FY2020 $2.1M$2.4M−$283K$2.1M 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 (6 parts)
Part I · Summary $2,255,282 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,092,622$2,162,269
I-9 Program service revenuePrior year $0$75,000
I-10 Investment incomePrior year $194$10,166
I-11 Other revenuePrior year $2,788$7,847
I-12 Total revenuePrior year $2,095,604$2,255,282
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $833,870$785,555
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,544,790$1,360,894
I-18 Total expensesPrior year $2,378,660$2,146,449
I-19 Revenue less expensesPrior year −$283,056$108,833
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,255,282 across 9 lines filed
Lines not itemized here account for $7,847 of total revenue; see the IRS return.
VIII-1c Fundraising events$189,207
VIII-1e Government grants$161,600
VIII-1f All other contributions, gifts and grants$1,811,462
VIII-1h Total contributions, gifts and grants$2,162,269
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,000$75,000
VIII-3 Investment incomeExcluded from tax $753$753
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,413$9,413
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $82,847 · Unrelated business $0 · Excluded from tax $10,166$2,255,282
Part IX · Statement of functional expenses $2,146,449 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $153,515 · Management $31,544 · Fundraising $25,235$210,294
IX-7 Other salaries and wagesPrograms $340,925 · Management $50,053 · Fundraising $76,043$467,021
IX-9 Other employee benefitsPrograms $31,637 · Management $4,881 · Fundraising $6,820$43,338
IX-10 Payroll taxesPrograms $47,379 · Management $7,788 · Fundraising $9,735$64,902
IX-11b Legal feesManagement $286,064$286,064
IX-11c Accounting feesManagement $51,781$51,781
IX-11g Other fees for servicesPrograms $281,009 · Management $618 · Fundraising $1,015$282,642
IX-12 Advertising and promotionPrograms $3,610$3,610
IX-13 Office expensesPrograms $26,738 · Management $35,516 · Fundraising $13,063$75,317
IX-16 OccupancyPrograms $225,680 · Management $55,673 · Fundraising $37,096$318,449
IX-17 TravelPrograms $7,523 · Management $570 · Fundraising $2,057$10,150
IX-20 InterestManagement $11,642$11,642
IX-22 Depreciation, depletion and amortizationPrograms $68,648 · Management $15,016 · Fundraising $11,284$94,948
IX-23 InsurancePrograms $2,896 · Management $14,683$17,579
IX-24 Other expenses (24a–d)Programs $134,600 · Management $54,025 · Fundraising $1,000$189,625
IX-24e All other expensesPrograms $11,462 · Management $5,652 · Fundraising $1,973$19,087
IX-25 Total functional expensesPrograms $1,335,622 · Management $625,506 · Fundraising $185,321$2,146,449
Part X · Balance sheet $4,111,649 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $523,547$1,058,394
X-2 Savings and temporary cash investmentsStart of year $23,459$8,088
X-3 Pledges and grants receivableStart of year $1,069,136$854,641
X-10c Land, buildings and equipment, netStart of year $1,583,114$1,503,576
X-11 Publicly traded securitiesStart of year $67,972$126,850
X-15 Other assetsStart of year $560,100$560,100
X-16 Total assetsStart of year $3,827,328$4,111,649
X-17 Accounts payable and accrued expensesStart of year $750,638$1,024,833
X-24 Unsecured notes and loans payableStart of year $149,900$148,618
X-25 Other liabilitiesStart of year $161,600$166,700
X-26 Total liabilitiesStart of year $1,762,138$1,925,151
X-27 Net assets without donor restrictionsStart of year $807,472$1,167,273
X-28 Net assets with donor restrictionsStart of year $1,257,718$1,019,225
X-32 Total net assets or fund balancesStart of year $2,065,190$2,186,498
X-33 Total liabilities and net assetsStart of year $3,827,328$4,111,649
Part XI · Reconciliation of net assets $2,186,498 net assets at year end
XI-1 Total revenue$2,255,282
XI-2 Total expenses$2,146,449
XI-3 Revenue less expenses$108,833
XI-4 Net assets at start of year$2,065,190
XI-5 Net unrealized gains (losses) on investments$12,475
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,186,498

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

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