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Music Center Foundation

Public charity990-T FY2023
Other · LOS ANGELES, CA · EIN 23-7298290

About

The mission of music center foundation is to provide endowment support to the music center performing arts center of LOS angeles county, its education and artistic programs and resident companies through planned giving fundraising and asset management.

Donations are tax-deductible
Category
Other
Employees
3
Volunteers
14

Financial Snapshot

FY ending 2024-03-31
Revenue
$10.5M
Expenses
$10.1M
Assets
$306.6M
Liabilities
$98.7M

Financial history

$26.2M$13.1M$0
161718192021222324
RevenueExpenses
Latest FY2024: $10.5M · Peak FY2022: $21.1M · Avg: $8.4M

Foreign activity (Schedule F)

Total spent abroad$11.8M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,——

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$7.4M
MUSIC CENTER FOUNDATION
Your actions

Address

135 North Grand AVE
LOS Angeles, CA, 90012-301

Governance

Voting board members14
Independent members14
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.0%
Permanent endowment %68.1%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.