Civic Intelligence

Henry E Huntington Library and Art Gallery

990 • Fiscal year 2022 • EIN 95-1644589

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

Refreshing map…

1151 Oxford RoadSan Marino, CA 91108-1218

(626) 405-2150

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.03x

Higher debt load relative to assets than 12% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

21st percentile

0.20x

Higher debt load relative to revenue than 21% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Net Margin

80th percentile

22%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

41st percentile

$656,502

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Asset Growth

20th percentile

-11%

Faster asset growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

80th percentile

19%

Faster revenue growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Assets

Down

$862,313,980

Down $103,592,143 (-11%) from 2021

Net Assets

Down

$836,384,210

Down $103,408,742 (-11%) from 2021

Liabilities

Down

$25,929,770

Down $183,401 (-0.7%) from 2021

Revenue

Up

$128,861,733

Up $20,280,976 (+19%) from 2021

Expenses

Up

$100,849,878

Up $29,895,186 (+42%) from 2021

Net Income

Down

$28,011,855

Down $9,614,210 (-26%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0Assets 2011: $568,715,654Liabilities 2011: $9,713,071Net Assets 2011: $559,002,5832011Assets 2012: $546,872,048Liabilities 2012: $10,878,409Net Assets 2012: $535,993,6392012Assets 2013: $623,625,714Liabilities 2013: $12,761,793Net Assets 2013: $610,863,9212013Assets 2014: $686,920,752Liabilities 2014: $24,689,158Net Assets 2014: $662,231,5942014Assets 2015: $668,835,264Liabilities 2015: $18,354,034Net Assets 2015: $650,481,2302015Assets 2016: $641,970,211Liabilities 2016: $13,794,214Net Assets 2016: $628,175,9972016Assets 2017: $685,682,297Liabilities 2017: $16,544,487Net Assets 2017: $669,137,8102017Assets 2018: $710,545,598Liabilities 2018: $18,504,859Net Assets 2018: $692,040,7392018Assets 2019: $741,838,482Liabilities 2019: $28,588,752Net Assets 2019: $713,249,7302019Assets 2020: $778,202,871Liabilities 2020: $29,458,434Net Assets 2020: $748,744,4372020Assets 2021: $965,906,123Liabilities 2021: $26,113,171Net Assets 2021: $939,792,9522021Assets 2022: $862,313,980Liabilities 2022: $25,929,770Net Assets 2022: $836,384,2102022Assets 2023: $960,168,929Liabilities 2023: $22,437,785Net Assets 2023: $937,731,1442023Assets 2024: $1,076,568,946Liabilities 2024: $22,322,551Net Assets 2024: $1,054,246,3952024

Highlighted filing

2022

Assets$862,313,980
Liabilities$25,929,770
Net Assets$836,384,210

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0Expenses 2011: $55,498,6272011Revenue 2012: $59,191,970Expenses 2012: $48,953,928Net Income 2012: $10,238,0422012Expenses 2013: $53,598,8132013Revenue 2014: $90,051,299Expenses 2014: $61,072,621Net Income 2014: $28,978,6782014Revenue 2015: $67,167,950Expenses 2015: $59,962,037Net Income 2015: $7,205,9132015Revenue 2016: $74,058,711Expenses 2016: $64,373,010Net Income 2016: $9,685,7012016Revenue 2017: $80,670,234Expenses 2017: $75,523,759Net Income 2017: $5,146,4752017Revenue 2018: $75,786,157Expenses 2018: $72,295,803Net Income 2018: $3,490,3542018Revenue 2019: $74,379,826Expenses 2019: $68,216,701Net Income 2019: $6,163,1252019Revenue 2020: $84,838,187Expenses 2020: $71,966,924Net Income 2020: $12,871,2632020Revenue 2021: $108,580,757Expenses 2021: $70,954,692Net Income 2021: $37,626,0652021Revenue 2022: $128,861,733Expenses 2022: $100,849,878Net Income 2022: $28,011,8552022Revenue 2023: $167,958,682Expenses 2023: $93,555,332Net Income 2023: $74,403,3502023Revenue 2024: $180,717,178Expenses 2024: $102,423,338Net Income 2024: $78,293,8402024

Highlighted filing

2022

Revenue$128,861,733
Expenses$100,849,878
Net Income$28,011,855
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.2
Gross Receipts
$422,919,661
Mission and Program Overview

Mission

The huntington library, art museum, and botanical gardens shares its world-renowned collections to support scholarship, foster learning, inspire creativity, and offer transformative experiences for diverse audiences.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$669,032,248$569,220,845▼ $99,811,403
Land, Buildings, and Equipment, Net$130,713,439$124,324,551▼ $6,388,888
Savings and Temporary Cash Investments$92,803,260$109,750,672▲ $16,947,412
Pledges and Grants Receivable$26,309,350$22,746,736▼ $3,562,614
Cash and Non-Interest-Bearing Accounts$7,432,081$5,181,266▼ $2,250,815
Inventories for Sale or Use$716,011$896,373▲ $180,362
Accounts Receivable$374,711$627,050▲ $252,339
Prepaid Expenses and Deferred Charges$427,302$419,012▼ $8,290
Total Assets$965,906,123$862,313,980▼ $103,592,143
Other Assets Total$38,097,721$29,147,475▼ $8,950,246
Liabilities
Accounts Payable and Accrued Expenses$11,197,807$14,251,343▲ $3,053,536
Other Liabilities$14,915,364$11,678,427▼ $3,236,937
Total Liabilities$26,113,171$25,929,770▼ $183,401
Net Assets / Fund Balance
Net Assets With Donor Restrictions$501,868,198$446,072,856▼ $55,795,342
Net Assets Without Donor Restrictions$437,924,754$390,311,354▼ $47,613,400
Total Net Assets Fund Balance$939,792,952$836,384,210▼ $103,408,742
Total Liabilities and Net Assets / Fund Balance$965,906,123$862,313,980▼ $103,592,143

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$74,903,863$114,118,107$189,021,970
Leasehold Improvements$31,755,281$48,505,702$80,260,983
Equipment$635,612$21,607,605$22,243,217
Other Land Buildings$14,947,787$2,539,226$17,487,013
Land$2,082,008-$2,082,008

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$746,844,432$10,816,524▼ $88,068,662$25,473,986$639,700,488
2020$564,258,055$12,284,871▲ $197,868,145$23,392,225$746,844,432
2019$524,858,675$18,477,291▲ $46,692,366$22,357,241$564,258,055
2018$504,275,546$3,107,306▲ $42,506,068$22,470,358$524,858,675
2017$478,903,959$3,969,006▲ $48,178,462$23,310,693$504,275,546
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen LawrencePresidentFT$546,864$109,638$656,502
Janet AlbertiVP & CFOFT$414,591$37,479$452,070
Steve HindleDirector of ResearchFT$325,969$43,947$369,916
Randy ShulmanVP for Advancement & ExterFT$295,098$34,346$329,444
Christina NielsenDirector of the Art MuseumFT$251,509$67,669$319,178
Ronald GallesAvp/controllerFT$229,473$73,740$303,213
Sandra BrookeDirector of LibraryFT$261,473$29,744$291,217
Misty Bennett From 12021Chief Hr OfficeFT$201,753$60,053$261,806
Nicole Cavender From 52021Director of the Botanical GardensFT$154,315$97,855$252,170
Susan Turner-loweVP for CommunicationsFT$194,814$34,330$229,144
Heather HartVP Digital & TechFT$201,747$24,365$226,112

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Snyder Langston LLCContractor Services17962 COWAN, Irvine, CA 92614$2,433,791
Munger Tolles & Olson LLPLegal Services350 SOUTH GRAND AVE 50TH FLOOR, Los Angeles, CA 90071$140,847
Star Insights LLCConsulting Services1376 ECHO PARK AVE, Los Angeles, CA 90026$135,000
Teclaunch LLCSoftware Licensing & It1968 S COAST HWY 2441, Laguna Beach, CA 92651$130,515
Samuel Anderson ArchitectsContractor Services307 W 38TH ST STE 1901, New York, NY 10018$124,682
Revenue and Support

Revenue Composition

Contributions and Grants
$68,063,350
Program Service Revenue
$15,439,604
Investment Income
$43,304,786
Other Revenue
$2,053,993
All Other Contributions
$67,789,698
Change in Net Assets
$28,011,855

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded46$6,089,883Fair Market Value (FMV)
Works of Art12$2,960,159Appraisal
Other Non Cash Contri Table5$1,966,982Appraisal
Other Non Cash Contri Table1$315,000Appraisal
Other Non Cash Contri Table4$274,305Appraisal
Other Non Cash Contri Table1$150,150Appraisal
Other Non Cash Contri Table2$1,921Appraisal
Other Non Cash Contri Table1$1,398Appraisal
Other Non Cash Contri Table105$105Estimate
Other Non Cash Contri Table33$47Estimate
Total Noncash Contributions210$11,759,950-

Audited Revenue Reconciliation

Revenue per Audited Statements
$118,773,846
Revenue Not Reported on Financial Statements
$10,087,887
Revenue Not Reported on Form 990
$-129,141,847
Other Revenue Adjustments
$5,670,067
Total Revenue per Audited Statements
$-10,368,001
Total Revenue per Form 990
$128,861,733
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$62,426,761
Salaries, Compensation, and Employee Benefits$36,306,716
Total Fundraising Expense$4,911,480
Grants and Similar Amounts Paid$2,116,401
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,986,030$1,791,964$2,002,365$24,780,359
Depreciation Depletion$13,579,233$391,133$83,420$14,053,786
Office Expenses$3,290,240$495,933$1,304,990$5,091,163
Fees for Services Other$3,757,470$693,818$300,126$4,751,414
Other Employee Benefits$4,455,948$201,554$73,809$4,731,311
Fees for Service Investment Mgmnt Fees-$4,417,820-$4,417,820
Current Officers, Directors, Trustees, and Key Employees$892,919$1,483,449$372,699$2,749,067
Occupancy$2,563,261$107,747$42,565$2,713,573
Other Expenses$2,022,902$301,632$33,833$2,358,367
Information Technology$1,526,088$386,362$418,325$2,330,775
Payroll Taxes$1,855,976$83,951$30,743$1,970,670
Grants to Domestic Individuals$1,963,626--$1,963,626
Pension Plan Contributions$1,773,330$80,212$29,374$1,882,916
Insurance-$994,561-$994,561
Travel$277,151$82,962$199,340$559,453
Advertising$323,554$17,844$3,312$344,710
Fees for Services Legal$45,392$199,757$14,819$259,968
Comp Disqual Persons$192,393--$192,393
Foreign Grants$152,775--$152,775
Fees for Services Accounting-$151,587-$151,587
Conferences and Meetings$106,770$8,022$1,760$116,552
Total Functional Expenses$84,033,040$11,905,358$4,911,480$100,849,878

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$100,849,878
Total Expenses per Audited Statements$93,040,741
Expenses per Audited Statements$90,761,991
Expenses Not Reported on Financial Statements$10,087,887
Other Expense Adjustments$5,670,067
Expenses Not Reported on Form 990$2,278,750
International Activity

International Summary

Offices
0
Employees
0
Spending
$106,552,602

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investments---$94,508,773
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumInvestments---$11,891,054
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumGrant---$107,275
North AmericaGrant---$38,500
AsiaGrant---$7,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,643
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Louise HindleDIRECTOR'S SPOUSEEmployeeNo$105,670
Mona ShulmanVP'S SPOUSEEmployeeNo$86,723
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations Under Unitrust$11,120,319
Asset Retirement Obligation$558,108
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

During fiscal year end june 30, 2022, the organization amended its bylaws in order to increase the number of trustees from five to seven.

Form 990, Part VI, Section B, Line 11B

Prior to the filing, the entire draft 990 was sent to all trustees. The form was reviewed and discussed in a meeting of the audit committee. In addition, an outside cpa firm, singerlewak, reviewed the form and went over the form in detail with the assistant vice president for financial affairs/controller.

Form 990, Part VI, Section B, Line 12C

Conflicts of interest statements are requested annually from all trustees, board of governors, chairs of active committees as well as senior leaders. Any conflicts or potential conflicts are reported to the audit committee. The audit committee makes a decision on how each conflict should be handled, including abstaining from voting on certain matters.

Form 990, Part VI, Section B, Line 15

In reviewing and approving the compensation for the president and cfo, the huntington's board of trustees (referred to as the "approval body" below), uses the following process: 1. Impartial decision makers: the compensation arrangement must be approved in advance (before any payment is made) by the approval body of the huntington composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement (example: neither the executive whose compensation is being determined nor any of his/her family members may be present during the discussion/debate or participate in the vote). 2. Comparability data: when the approval body is considering compensation to covered individuals, it must rely on comparability data that demonstrates the fair market value of the compensation in question. For example, when crafting compensation packages, the approval body must secure data that documents compensation levels for similarly qualified individuals in like positions at like organizations. This data may include the following: a) expert compensation studies by independent firms; b) information obtained from the irs form 990 filings of similar organizations; and c) use of an independent compensation consultant. 3. Concurrent documentation: the approval body must document how it reached its decisions, including the data on which it relied. To qualify as concurrent documentation, written or electronic records of the approval body (such as meeting minutes) must note: a) the terms of the compensation and the date it was approved; b) the members of the approval body who were present during the debate on the compensation that was approved and those who voted on it; c) the comparability data obtained and relied upon and how the data was obtained; and d) any actions taken with respect to consideration of the compensation by anyone who is otherwise a member of the approval body but who had a conflict of interest with respect to the decision on the compensation. All other officers and key employees have their compensation reviewed annually by the approval body, which may or may not include comparability data.

Form 990, Part VI, Section C, Line 18

The organization's form 990 can also be viewed by the public on www.guidestar.org.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, financial statements, and form 990 are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Henry E Huntington Library
EIN
95-1644589
Phone
6264052150
Address
1151 OXFORD ROAD, SAN MARINO, CA 91108-1218
Doing Business As
Huntington Library Art Museum & Botanical Gardens

Signing Officer

Name
Janet Alberti
Title
Vice President & CFO
Phone
6264052150
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Lawrence
Formed
1919
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
578
Volunteers
1,200

Preparer

Firm
Singerlewak Llp
Address
10960 WILSHIRE BLVD SUITE 1100, LOS ANGELES, CA 90024
Preparer
Nanaz Benyamini
Phone
3104773924
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE I, DESCRIPTION OF ORGANIZATION MISSION:

The huntington library, art museum, and botanical gardens shares its world-renowned collections to support scholarship, foster learning, inspire creativity, and offer transformative experiences for diverse audiences.

FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:

The art museum features european and american art spanning more than 500 years and includes more than 42,000 objects. Extraordinary examples of decorative arts and folk art, paintings, prints and drawings, photography, and sculpture are displayed in the huntington art gallery, the original home of henry and arabella huntington, and in the virginia steele scott galleries of american art. Both buildings also showcase smaller, temporary exhibitions that focus on masterworks in the collection, or place the huntington's historic works in conversation with contemporary artistic practice. One of the greatest collections of 18th-century british grand manner portraiture outside of the united kingdom, including thomas gainsborough's the blue boy and joshua reynolds' sarah siddons as the tragic muse, as well as important examples of 19th-century british landscape painting by such artists as john constable and j.m.w. Turner; major holdings of materials related to the arts and crafts movement, including works by edward burne-jones and walter crane, with particular strength in the designs produced by the william morris firms; more than 13,000 british drawings, ranging from the 17th through the 20th century, including william blake's watercolor designs for illustrations to john milton's paradise lost, fine examples by artist associated with the pre-raphaelite brotherhood, and such modernists as david bomberg and paul nash. Begun with a major gift from the virginia steele scott foundation in 1979, the american art holdings number about 320 paintings, 90 works of sculpture, 1,400 decorative art objects, 2,600 prints and 7,600 drawings, and 1,900 photographs. Exhibits during the year for other programs included: * andrew raftery: the autobiography of a garden * made in l.a. 2020: a version * kehinde wiley: a portrait of a young gentleman * ghetto film school * borderlands * science and the sublime: a masterpiece by joseph wright of derby * method and material: tempera painting in focus * mineo mizuno * 100 great british drawings

FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS:

The huntington library is one of the world's great independent research libraries with some 11 million items spanning the 11th to 21st century. These extraordinary and diverse materials are centered on 14 intersecting collection strengths: american history, architecture, british history; early printed books; hispanic history and culture; history of science, medicine, and technology; literature in english; maps and atlases; medieval manuscripts; prints, posters, and ephemera; photography; pacific rim history and culture; california history and culture, and history of the american west. Its collections encompass: 8.8 million manuscripts; 455,000 rare books; 454,000 reference books; 908,000 prints and ephemera, 800,000 photographs, and 475,000 digital files. Some 1,700 researchers from 30 countries visit the library annually to study rare collections in the reading rooms. Library staff assist an additional 4,000 researchers from all over the world through remote reference services. Digitized collections in the huntington digital library receive 1.3 million page views per year. A team of professional book, paper, and paintings conservators carry out thousands of hours of collections treatment and care annually for library and art collections. Three library exhibition halls, with a combined 9,000 square feet of dedicated space, showcase some of the most outstanding materials in the collection. The main hall features 150 rare items grouped thematically around 12 iconic works like the gutenberg bible and thoreau's walden manuscripts. The 90,000-square-foot munger research center provides work space for scholars and staff, and facilities for conservation and digital imaging, as well as collections storage. Due to covid, during fiscal year ending june 30, 2022, the library reading rooms were open to fellows for 275 days, with an average of 36 readers per day. Exhibits during the year for the library and research included: * remarkable works, remarkable times * stories and voices from l.a. Chinatown * what now: collecting for the library in the 21st century, part 2 * mapping fiction

FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS:

Encompassing approximately 130 acres of the 207-acre grounds, the botanical gardens contain more than a dozen spectacular themed gardens. Highlights * liu fang yuan, the garden of flowing fragrance, reflects the traditional style of scholar gardens in suzhou, china, and features a 1.5-acre lake, a complex of pavilions, a teahouse and tea shop, stone bridges and waterfalls set against a wooded backdrop of mature oaks and pines. The garden's final phase includes new pavilions, a restaurant, and an exhibition complex. At more than 15 acres, the garden is one of the largest classical-style chinese gardens in the world. * the japanese garden, set along a canyon to the south of the chinese garden, comprises a traditional japanese house, a moon bridge, a walled zen garden, bonsai court, and seifu-an, a ceremonial teahouse and garden. * the desert garden features one of the largest outdoor collections of mature cacti and succulents in the world. * the frances and sidney brody california garden in the steven s. Koblik education and visitor center is arranged along a central allee of olive trees. The garden includes native and adaptive plantings set among hedge rooms in a nod toward more formal landscape design. * the frances lasker brody botanical center features: * the helen and peter bing children's garden, introducing youngsters to the wonders of the natural world through interactive sculptural elements * the rose hills foundation conservatory for botanical science and the associated foundations teaching greenhouse, providing hands-on botanical science opportunities for children and families, and showcasing orchids and other tropical collections * laboratories for botanical research where botanists are using cryopreservation techniques to safely freeze and conserve fragile plant tissue, and where genetic research reveals much about the evolutionary history of cycads * the ranch garden, for testing and demonstrating contemporary ideas about sustainable urban agriculture * collections include more than 16,000 species of plants. * additional garden areas are devoted to roses and camellias, each collection with more than 1,000 different cultivars. * the australian, herb, jungle, lily ponds, palm, and subtropical gardens are among other important botanical attractions. Each year, the huntington hosts botanical shows, conferences, lectures, and plant sales that focus on specific themes. More than 150 people attended the annual succulent plants symposium. The aiseki kai viewing stones show was hosted online and the southern california camellia show was canceled. The bonsai-a-thon, north american clivia show, california bonsai society show, cactus & succulent society of america show, and the huntington orchid show were all open to the public. The gardens hosted the large annual plant sale and returned to hosting monthly lectures and plant sales for the public. The center for east asian garden studies lecture series (6-8 lectures per year) continues and averages about 125 when in person, and from 300 to 600 when online. Gardens staff continue to develop strong programs in conservation and research focusing on plant variation, cryopreservation and propagation, as well as productivity in urban settings. Exhibits during the year for botanical included: * red earth * a garden of words: the calligraphy of liu fang yuan, part 2

Financial Statement Notes

PART III, LINE 1A:

Based on the huntington election under fasb 116, the collections, which were acquired through purchases and contributions since the huntington's inception, are not recognized as assets on the statement of financial position. The collections are held for public education or research in furtherance of public service rather than financial gain. However, the huntington, for purposes of the information return (990 and related) reported the collections acquired through contributions as income revenues and offset by expenses. The amount is shown as a reconciling item between the gaap financials and the information return financials. Collections items are expensed when purchased. Contributed collections items are not reflected on the financial statements. The estimated fair value of contributed collections items amounted to $5,700,000 and $2,900,000 for the years ended june 30, 2022 and 2021, respectively. The huntington continually reviews its collections and may deaccession or acquire additional items. Proceeds from deaccessions are classified as without donor restrictions, except when donor restrictions apply. The collections are subject to a policy that requires proceeds from deaccessioning to be used to acquire other items for collections. During fiscal year 2022 and 2021, there were no items deaccessioned at auction. Any proceeds would be restricted for future acquisitions of art.

PART III, LINE 4:

The huntington library, art museum, and botanical gardens is a collections-based research and educational institution serving scholars and the general public. The library's collection consists of rare books and manuscripts in the fields of british and american history and literature. It also includes collection of materials that span the full range of american western settlement, including the overland pioneer experience, the gold rush, and the development of southern california. The huntington art collections focus on two distinct areas--european art from the 15th to the early 20th century, and american art from the late 17th to the mid-20th century. The botanical gardens encompass approximately 130 acres of the 207-acre grounds, more than a dozen spectacular themed gardens. Each year, the huntington: 1) provides nearly 2,000 scholars with access to a world-class collection of rare books, manuscripts, photographs, maps, paintings, prints, sculptures, and decorative arts. 2) awards $1.8 million in fellowships (through a peer-review process) to scholars for advanced humanities research. 3) educates thousands of school children and their teachers in art, history, literature, and botanical science through special tours and programs. 4) organizes special exhibitions to enhance the visitor experience, interpret the collections, and facilitate learning. 5) hosts more than 800,000 visitors.

PART V, LINE 4:

The restricted endowment funds are used for a specific purpose designated by the donor, and the corpus is held in perpetuity. The restricted spend rate distribution is typically used to support a specific program, event or acquisition. The unrestricted endowment fund spend rate distribution is used to support the operations of the huntington.

PART X, LINE 2:

The huntington is exempt from federal income tax under section 501(c)(3) of the internal revenue code (the "code"), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The huntington has also been recognized by the california franchise tax board as exempt from california franchise and income taxes under section 23701(d) of the california revenue and taxation code. The huntington has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The huntington has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. There have been no material related tax penalties or interest, which would be classified as a tax expense in the statement of activities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 2,269,107. Fundraising event expenses 9,643.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Non-cash gifts 5,670,067.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 2,269,107. Fundraising event expenses 9,643.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Non-cash gifts 5,670,067.

Raw XML AppendixShowing 400 of 1,102 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0495933
IRS990/OfficeExpensesGrp/ProgramServicesAmt03290240
IRS990/OfficeExpensesGrp/TotalAmt05091163
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt038097721
IRS990/OtherAssetsTotalGrp/EOYAmt029147475
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt073809
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0201554
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04455948
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04731311
IRS990/OtherExpensesGrp/Desc0ACQUISITIONS & COLLECTI
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIRS
IRS990/OtherExpensesGrp/FundraisingAmt033833
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015050
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1301632
IRS990/OtherExpensesGrp/ProgramServicesAmt024267982
IRS990/OtherExpensesGrp/ProgramServicesAmt12022902
IRS990/OtherExpensesGrp/TotalAmt024283032
IRS990/OtherExpensesGrp/TotalAmt12358367
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt014915364
IRS990/OtherLiabilitiesGrp/EOYAmt011678427
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02002365
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01791964
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt020986030
IRS990/OtherSalariesAndWagesGrp/TotalAmt024780359
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt030743
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt083951
IRS990/PayrollTaxesGrp/ProgramServicesAmt01855976
IRS990/PayrollTaxesGrp/TotalAmt01970670
IRS990/PensionPlanContributionsGrp/FundraisingAmt029374
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt080212
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01773330
IRS990/PensionPlanContributionsGrp/TotalAmt01882916
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt026309350
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt022746736
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0427302
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0419012
IRS990/PrincipalOfficerNm0KAREN LAWRENCE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,077$22.3$1,054$181$102$78.3
2023Summary only. Only limited summary data is available for this year.$960$22.4$938$168$93.6$74.4
2022Detailed filing. Detailed filing data is available for this year.$862$25.9$836$129$101$28.0
2021Summary only. Only limited summary data is available for this year.$966$26.1$940$109$71.0$37.6
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$778$29.5$749$84.8$72.0$12.9
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$742$28.6$713$74.4$68.2$6.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$711$18.5$692$75.8$72.3$3.49
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$686$16.5$669$80.7$75.5$5.15
2016Detailed filing. Detailed filing data is available for this year.$642$13.8$628$74.1$64.4$9.69
2015Detailed filing. Detailed filing data is available for this year.$669$18.4$650$67.2$60.0$7.21
2014Detailed filing. Detailed filing data is available for this year.$687$24.7$662$90.1$61.1$29.0
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$624$12.8$611$53.6
2012Summary only. Only limited summary data is available for this year.$547$10.9$536$59.2$49.0$10.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$569$9.71$559$55.5