Public Benefit : Fundraising Organizations
Music Center Foundation
Supporting the Music Center of Los Angeles County
Rating
| Overall Rating |  |
||
| (49.86) | |||
| Organizational Efficiency | |||
| Program Expenses | 88.8% | ||
| Administrative Expenses | 4.9% | ||
| Fundraising Expenses | 6.1% | ||
| Fundraising Efficiency | $0.23 | ||
| Efficiency Rating |  |
||
| (33.88) | |||
| Organizational Capacity | |||
| Primary Revenue Growth | -16.1% | ||
| Program Expenses Growth | 5.9% | ||
| Working Capital Ratio (years) | 8.51 | ||
| Capacity Rating |  |
||
| (15.98) |
Income Statement (FYE 03/2008)
Contact Information
Music Center Foundation
135 North Grand Avenue
Los Angeles, CA 90012
tel: (213) 972-8047
fax: (213) 972-7590
TTY: (213) 972-7615
EIN: 23-7298290
Leadership (FYE 03/2008)
| Name | Title | Compensation | % of Expenses | |
|---|---|---|---|---|
| Edward Rada | President (The person identified as holding the highest position of management, and therefore who would normally be responsible for carrying out the mission of the charity and leading the organization on a day-to-day basis.) | $27,703 | 0.36% | |
| Other Salaries of Note | ||||
| Deborah M. Hyde | Former President (Using information reported on an organization's most recent Form 990, we include as compensation an individual's salary, cash bonuses, and expense accounts and other allowances. We do not include contributions to benefit plans or compensation deferred to a future date.) | $320,525 | 4.25% | |
Donor Privacy Policy
YES, this charity has a written donor privacy policy.
Mission
The Music Center Foundation's mission is to provide endowment support through asset management and planned giving fundraising for the Music Center of Los Angeles County, its programmatic and educational activities and its affiliated performing arts companies: Los Angeles Philharmonic, Center Theatre Group, Los Angeles Opera Company, and Los Angeles Master Chorale. The Music Center opened in 1964 and is the home of the 3,197-seat Dorothy Chandler Pavilion, the 740-seat Mark Taper Forum and the Ahmanson Theatre, which offers flexible seating for 1,600 to 2,100. In 2003, the Music Center added the Frank Gehry-designed Walt Disney Concert Hall, which seats 2,265 and is home to the Los Angeles Philharmonic.
Charities Performing Similar Types of Work
| Charity Name | Overall Score | Overall Rating |
|---|---|---|
| Music Center Foundation - CA | 49.86 | |
| The Ellington Fund - DC | 62.68 |  |
| Public Art Fund - NY | 55.57 | |
| Arts Partnership of Greater Spartanburg - SC | 60.19 | |
| United Arts of Central Florida - FL | 57.66 | |
| Charity Name | Overall Score | Overall Rating |
|---|---|---|
| Music Center Foundation - CA | 49.86 | |
| Americans for the Arts - DC | 52.51 | |
| Arts & Science Council - NC | 56.30 | |
| Fund for the Arts - KY | 61.42 | |
| Arts Partnership of Greater Spartanburg - SC | 60.19 | |
| New York Foundation for the Arts - NY | 56.45 | |
