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Arts, Culture, Humanities : Performing Arts (Grantmaking)

Music Center Foundation

Supporting the Music Center of Los Angeles County

four stars

90.21

135 North Grand Avenue Los Angeles, CA 90012
tel: (213) 972-8047   Web Site
EIN: 23-7298290

Board Leadership
Peter W. Mullin
Chairman of the Board

CEO
Steve T. Benson
President

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 90.21 four stars
  Financial 91.60 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 08/01/2019 and includes data from FY2018, the most recent 990 received at that time.

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.

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.

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Financial

four stars

91.60

Accountability & Transparency

three stars

89.00

This rating was published 08/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
86.4%
  Administrative Expenses 6.7%
  Fundraising Expenses 6.7%
  Fundraising Efficiency $0.18
  Working Capital Ratio (years) 8.52
  Program Expenses Growth 3.6%
  Liabilities to Assets 36.8%
All data for Financial Performance Metrics calculations was provided by Music Center Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Music Center Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Music Center Foundation (CA) 90.21 four stars
New England Foundation for the Arts (MA) 90.41 four stars
ArtsinStark (OH) 91.01 four stars
Public Art Fund (NY) 85.82 three stars
Silicon Valley Creates (CA) 89.59 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,468,039
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $3,468,039
   Program Service Revenue $0
Total Primary Revenue $3,468,039
   Other Revenue $3,761,879
TOTAL REVENUE $7,229,918
   
EXPENSES  
   Program Expenses $7,204,168
   Administrative Expenses $558,178
   Fundraising Expenses $748,491
TOTAL FUNCTIONAL EXPENSES $8,510,837
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,280,919
   
Net Assets $191,157,607

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Endowment Distribution $5,482,212 76.1%
LAPA Fund $1,721,956 23.9%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-03 08/01/2019 90.21 four stars
2017-03 08/01/2018 87.47 three stars
2016-03 12/01/2017 88.07 three stars
2015-03 11/01/2016 92.17 four stars
2014-03 07/01/2016 91.04 four stars
2014-03 06/01/2016 89.76 three stars
 
CN 2.0
2014-03 11/01/2015 92.75 four stars
2013-03 11/01/2014 93.98 four stars
2012-03 09/01/2013 92.47 four stars
2011-03 07/01/2012 87.07 three stars
2010-03 09/20/2011 81.55 three stars
 
CN 1.0
2009-03 11/24/2010 85.03 three stars
2008-03 08/01/2009 79.86 two stars
2007-03 08/01/2008 78.30 two stars
2006-03 08/01/2007 73.06 two stars
2005-03 09/01/2006 81.57 three stars
2003-05 08/01/2004 87.08 three stars
2002-05 04/15/2003 98.28 four stars
2001-05 02/05/2003 80.75 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-7298290
Name in IRS Master File MUSIC CENTER FOUNDATION
NTEE Code A12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1973
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End March
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • March, 2018
  • March, 2017
  • March, 2016
  • March, 2015
  • March, 2014
Compensation % of Expenses Paid to Title
$337,308 3.96% Steven T. Benson President

Highly Rated

Charity Name & State Overall Score Overall Rating
Music Center Foundation (CA) 90.21 four stars
United Arts Council of Raleigh and Wake County (NC) 89.32 three stars
United Performing Arts Fund (WI) 93.53 four stars
Nebraska Humanities Council (NE) 87.24 three stars
ArtsinStark (OH) 91.01 four stars

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Charity Contact Info

Music Center Foundation
135 North Grand Avenue
Los Angeles, CA 90012
tel: (213) 972-8047
EIN: 23-7298290

Visit Web Site

Board Leadership

Peter W. Mullin
Chairman of the Board

CEO

Steve T. Benson
President

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