Ica La FY2024 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1984Arts & CultureEIN 95-3992968Revenue $8.0M in FY2024

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.
74¢ of each $1 spent went to programs.
$234K 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

FY2024 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$234K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 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
$4.2M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.0M
+103% vs prior year
Spent
$3.4M
To programs
74%
Net assets
$9.1M
By yearFY2020–FY2025
Revenue
$8.0M
FY2024▲ +103%
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
$3.4M
FY2024▲ +13%
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
$9.1M
FY2024▲ +100%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

74 cents of each dollar spent went to programs.

Program services 74% · $2.5M Management & general 14% · $477K Fundraising 12% · $412K

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

21 people listed on the 990; $234K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$233,568Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director Emeritus
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 II1 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 · $2.5M · in their own filed words · FY2023
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…

$2.5Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$8.0M
Ln 12
Gifts and grantsLn 1h$7.8M
Investment incomeLn 3$187K
Other incomeLn 4–11$59K
Money outPt IX
$3.4M
Ln 25
Programscol B$2.5M
Managementcol C$477K
Fundraisingcol D$412K
Owns and owesPt X
$9.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$13.3M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.8M
Government grantsLn 1e$21K
Noncash giftsLn 1g$126K
Fundraising eventsLn 1c$576K
Investment incomeLn 3$187K
Other incomeLn 4–11$59K
Gains on assetsLn 7$153K
Total revenueLn 12$8.0M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$659K
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$393K
Land, buildings, equipmentLn 10c$6.2M
Other assetsLn 15$25K
Total assetsLn 16$13.3M
LiabilitiesLn 26$4.2M
Net assetsLn 32$9.1M
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 FY24End FY24
Cash and savingsLn 1–2$1.8M$2.0M
InvestmentsLn 11–13$359K$393K
Land, buildings, equipmentLn 10c$6.3M$6.2M
Total assetsLn 16$9.8M$13.3M
LiabilitiesLn 26$5.2M$4.2M
Net assetsLn 32$4.5M$9.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$249K$182K$30K$37K
Other salaries and wagesLn 7$883K$644K$106K$132K
Other employee benefitsLn 9$68K$50K$8K$10K
Payroll taxesLn 10$82K$60K$10K$12K
Accounting feesLn 11c$98K$98K
Professional fundraising feesLn 11e$84K$84K
Other fees for servicesLn 11g$641K$614K$27K
Advertising and promotionLn 12$52K$52K
Office expensesLn 13$162K$59K$84K$18K
OccupancyLn 16$31K$20K$8K$3K
TravelLn 17$84K$61K$13K$10K
InterestLn 20$203K$147K$32K$24K
Depreciation, depletion and amortizationLn 22$143K$103K$23K$17K
InsuranceLn 23$59K$43K$9K$7K
Other expenses (24a–d)Ln 24$475K$418K$16K$41K
All other expensesLn 24e$74K$48K$11K$15K
Total functional expensesLn 25$3.4M$2.5M$477K$412K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.4M$3.4M$960K$10.1M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $8,033,686 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,799,633$7,787,996
I-9 Program service revenuePrior year $120,489$0
I-10 Investment incomePrior year $3,732$187,164
I-11 Other revenuePrior year $39,509$58,526
I-12 Total revenuePrior year $3,963,363$8,033,686
I-13 Grants and similar amounts paidPrior year $5,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,065,808$1,281,983
I-16a Professional fundraising feesPrior year $62,861$83,829
I-17 Other expensesPrior year $1,868,814$2,022,773
I-18 Total expensesPrior year $3,002,483$3,388,585
I-19 Revenue less expensesPrior year $960,880$4,645,101
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $8,033,686 across 10 lines filed
Lines not itemized here account for $35,636 of total revenue; see the IRS return.
VIII-1c Fundraising events$576,486
VIII-1e Government grants$20,650
VIII-1f All other contributions, gifts and grants$7,190,860
VIII-1g Noncash contributions (included above)$125,974
VIII-1h Total contributions, gifts and grants$7,787,996
VIII-3 Investment incomeExcluded from tax $33,717$33,717
VIII-7 Net gain or loss on sales of assetsExcluded from tax $153,447$153,447
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $22,890$22,890
VIII-12 Total revenueRelated to mission $35,636 · Unrelated business $0 · Excluded from tax $210,054$8,033,686
Part IX · Statement of functional expenses $3,388,585 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $181,803 · Management $29,886 · Fundraising $37,357$249,046
IX-7 Other salaries and wagesPrograms $644,406 · Management $105,930 · Fundraising $132,412$882,748
IX-9 Other employee benefitsPrograms $49,567 · Management $8,148 · Fundraising $10,185$67,900
IX-10 Payroll taxesPrograms $60,071 · Management $9,875 · Fundraising $12,343$82,289
IX-11c Accounting feesManagement $98,248$98,248
IX-11e Professional fundraising feesFundraising $83,829$83,829
IX-11g Other fees for servicesPrograms $614,010 · Management $27,247$641,257
IX-12 Advertising and promotionPrograms $51,660$51,660
IX-13 Office expensesPrograms $59,134 · Management $84,362 · Fundraising $18,244$161,740
IX-16 OccupancyPrograms $19,793 · Management $8,183 · Fundraising $3,254$31,230
IX-17 TravelPrograms $60,588 · Management $13,253 · Fundraising $9,959$83,800
IX-20 InterestPrograms $147,002 · Management $32,154 · Fundraising $24,164$203,320
IX-22 Depreciation, depletion and amortizationPrograms $103,163 · Management $22,565 · Fundraising $16,957$142,685
IX-23 InsurancePrograms $42,967 · Management $9,398 · Fundraising $7,063$59,428
IX-24 Other expenses (24a–d)Programs $417,652 · Management $16,437 · Fundraising $41,151$475,240
IX-24e All other expensesPrograms $48,348 · Management $11,221 · Fundraising $14,596$74,165
IX-25 Total functional expensesPrograms $2,500,164 · Management $476,907 · Fundraising $411,514$3,388,585
Part X · Balance sheet $13,297,055 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,142,373$1,346,769
X-2 Savings and temporary cash investmentsStart of year $679,873$658,730
X-3 Pledges and grants receivableStart of year $1,290,559$4,668,922
X-10c Land, buildings and equipment, netStart of year $6,292,540$6,203,925
X-11 Publicly traded securitiesStart of year $359,213$393,495
X-15 Other assetsStart of year $25,100$25,214
X-16 Total assetsStart of year $9,789,658$13,297,055
X-17 Accounts payable and accrued expensesStart of year $200,192$178,965
X-24 Unsecured notes and loans payableStart of year $142,869$127,467
X-26 Total liabilitiesStart of year $5,243,061$4,197,678
X-27 Net assets without donor restrictionsStart of year $3,146,111$3,907,448
X-28 Net assets with donor restrictionsStart of year $1,400,486$5,191,929
X-32 Total net assets or fund balancesStart of year $4,546,597$9,099,377
X-33 Total liabilities and net assetsStart of year $9,789,658$13,297,055
Part XI · Reconciliation of net assets $9,099,377 net assets at year end
XI-1 Total revenue$8,033,686
XI-2 Total expenses$3,388,585
XI-3 Revenue less expenses$4,645,101
XI-4 Net assets at start of year$4,546,597
XI-5 Net unrealized gains (losses) on investments−$92,321
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,099,377

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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