Civic Intelligence

Performing Arts Center of Los Angeles

EIN 95-2217011 • 501(c)3 • Los Angeles, CA

Profile

See schedule otmc champions the arts in los angeles for all people. Tmc connects the people of los angeles with one another and with art that can enrich their lives. Tmc embraces patrons, visitors and community members from all backgrounds. Tmc provides exceptional service to its resident companies and to all who present or experience the arts at its facilities. Tmc faithfully stewards the campus entrusted to it by the county of los angeles.

135 North Grand AvenueLos Angeles, CA 90012

www.musiccenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.28x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.57x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

16th percentile

-8.6%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$1,057,819

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

22nd percentile

-0.3%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

2.0%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$136,607,580

Down $395,335 (-0.3%) from 2023

Liabilities

Down

$37,746,245

Down $498,216 (-1.3%) from 2023

Net Assets

Up

$98,861,335

Up $102,881 (+0.1%) from 2023

Revenue

Up

$66,626,970

Up $1,316,113 (+2.0%) from 2023

Expenses

Down

$72,325,082

Down $4,654,458 (-6.0%) from 2023

Net Income

Up

-$5,698,112

Up $5,970,571 (+51%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $86,222,292Liabilities 2010: $44,401,487Net Assets 2010: $41,820,8052010Assets 2011: $89,251,824Liabilities 2011: $41,939,235Net Assets 2011: $47,312,5892011Assets 2012: $84,751,805Liabilities 2012: $44,032,364Net Assets 2012: $40,719,4412012Assets 2013: $87,346,750Liabilities 2013: $41,647,003Net Assets 2013: $45,699,7472013Assets 2014: $91,660,015Liabilities 2014: $41,095,214Net Assets 2014: $50,564,8012014Assets 2015: $91,499,083Liabilities 2015: $42,225,815Net Assets 2015: $49,273,2682015Assets 2016: $87,594,551Liabilities 2016: $44,093,417Net Assets 2016: $43,501,1342016Assets 2017: $95,649,674Liabilities 2017: $41,368,784Net Assets 2017: $54,280,8902017Assets 2018: $95,033,462Liabilities 2018: $40,916,037Net Assets 2018: $54,117,4252018Assets 2019: $98,473,999Liabilities 2019: $49,742,003Net Assets 2019: $48,731,9962019Assets 2020: $96,704,351Liabilities 2020: $41,339,332Net Assets 2020: $55,365,0192020Assets 2021: $146,527,407Liabilities 2021: $39,792,445Net Assets 2021: $106,734,9622021Assets 2022: $148,384,472Liabilities 2022: $42,784,704Net Assets 2022: $105,599,7682022Assets 2023: $137,002,915Liabilities 2023: $38,244,461Net Assets 2023: $98,758,4542023Assets 2024: $136,607,580Liabilities 2024: $37,746,245Net Assets 2024: $98,861,3352024

Highlighted filing

2024

Assets$136,607,580
Liabilities$37,746,245
Net Assets$98,861,335

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $44,072,0452010Expenses 2011: $47,145,7322011Expenses 2012: $47,091,8022012Expenses 2013: $49,408,4922013Revenue 2014: $51,729,880Expenses 2014: $51,698,722Net Income 2014: $31,1582014Revenue 2015: $55,102,483Expenses 2015: $54,764,544Net Income 2015: $337,9392015Revenue 2016: $53,432,658Expenses 2016: $50,996,472Net Income 2016: $2,436,1862016Revenue 2017: $60,452,390Expenses 2017: $56,537,029Net Income 2017: $3,915,3612017Revenue 2018: $66,909,149Expenses 2018: $70,185,276Net Income 2018: -$3,276,1272018Revenue 2019: $85,040,424Expenses 2019: $89,993,056Net Income 2019: -$4,952,6322019Revenue 2020: $66,220,841Expenses 2020: $57,302,010Net Income 2020: $8,918,8312020Revenue 2021: $76,131,684Expenses 2021: $43,759,707Net Income 2021: $32,371,9772021Revenue 2022: $72,330,589Expenses 2022: $61,528,583Net Income 2022: $10,802,0062022Revenue 2023: $65,310,857Expenses 2023: $76,979,540Net Income 2023: -$11,668,6832023Revenue 2024: $66,626,970Expenses 2024: $72,325,082Net Income 2024: -$5,698,1122024

Highlighted filing

2024

Revenue$66,626,970
Expenses$72,325,082
Net Income-$5,698,112

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$137$37.7$98.9$66.6$72.3$5.70
2023Detailed filing. Detailed filing data is available for this year.$137$38.2$98.8$65.3$77.0$11.7
2022Detailed filing. Detailed filing data is available for this year.$148$42.8$106$72.3$61.5$10.8
2021Detailed filing. Detailed filing data is available for this year.$147$39.8$107$76.1$43.8$32.4
2020Detailed filing. Detailed filing data is available for this year.$96.7$41.3$55.4$66.2$57.3$8.92
2019Detailed filing. Detailed filing data is available for this year.$98.5$49.7$48.7$85.0$90.0$4.95
2018Detailed filing. Detailed filing data is available for this year.$95.0$40.9$54.1$66.9$70.2$3.28
2017Detailed filing. Detailed filing data is available for this year.$95.6$41.4$54.3$60.5$56.5$3.92
2016Detailed filing. Detailed filing data is available for this year.$87.6$44.1$43.5$53.4$51.0$2.44
2015Detailed filing. Detailed filing data is available for this year.$91.5$42.2$49.3$55.1$54.8$0.34
2014Detailed filing. Detailed filing data is available for this year.$91.7$41.1$50.6$51.7$51.7$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.3$41.6$45.7$49.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.8$44.0$40.7$47.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.3$41.9$47.3$47.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.2$44.4$41.8$44.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 14, 2025
Return Version
2023v6.0
Gross Receipts
$66,902,809
Mission and Program Overview

Mission

See schedule otmc champions the arts in los angeles for all people. Tmc connects the people of los angeles with one another and with art that can enrich their lives. Tmc embraces patrons, visitors and community members from all backgrounds. Tmc provides exceptional service to its resident companies and to all who present or experience the arts at its facilities. Tmc faithfully stewards the campus entrusted to it by the county of los angeles.

Tmc strives to deepen the cultural lives of every resident of los angeles county and continue creating an increasingly relevant, multidisciplinary performing arts center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$38,275,742$42,316,159▲ $4,040,417
Pledges and Grants Receivable$33,230,539$28,816,235▼ $4,414,304
Savings and Temporary Cash Investments$16,813,638$14,929,303▼ $1,884,335
Accounts Receivable$4,342,714$3,956,062▼ $386,652
Prepaid Expenses and Deferred Charges$1,042,767$1,368,984▲ $326,217
Land, Buildings, and Equipment, Net$791,022$788,018▼ $3,004
Cash and Non-Interest-Bearing Accounts$39,521$30,564▼ $8,957
Total Assets$137,002,915$136,607,580▼ $395,335
Other Assets Total$42,466,972$44,402,255▲ $1,935,283
Liabilities
Tax Exempt Bond Liabilities$17,002,432$16,191,326▼ $811,106
Deferred Revenue$6,868,325$7,910,027▲ $1,041,702
Accounts Payable and Accrued Expenses$8,022,390$7,591,395▼ $430,995
Other Liabilities$6,351,314$6,053,497▼ $297,817
Total Liabilities$38,244,461$37,746,245▼ $498,216
Net Assets / Fund Balance
Net Assets With Donor Restrictions$87,622,471$84,248,223▼ $3,374,248
Net Assets Without Donor Restrictions$11,135,983$14,613,112▲ $3,477,129
Total Net Assets Fund Balance$98,758,454$98,861,335▲ $102,881
Total Liabilities and Net Assets / Fund Balance$137,002,915$136,607,580▼ $395,335

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$175,630$2,155,699$2,331,329
Other Land Buildings$612,388$472,849$1,085,237
Other Assets Org$4,359,191--
Other Securities$42,316,159--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rachel S MoorePresident and CEOFT$744,094$313,725$1,057,819
Howard ShermanExecutive VP, COOFT$391,224$98,299$489,523
Bonnie GoodmanSr. VP MarketingFT$293,839$25,200$319,039
Mary J RamirezExecutive VP of Tmc ArtsFT$271,303$45,602$316,905
William TaylorSr. VP Fin/CFO & Asst. Treas.FT$287,190$26,409$313,599
Shelby BoagniSr. VP of People & CultureFT$265,776$14,103$279,879
Ryan LebetsamerStage HeadFT$201,082$61,366$262,448
Valentine GelmanSr. VP DevelopmentFT$222,182$33,412$255,594
Keith MctagueDirector Building ServicesFT$209,550$38,728$248,278
Cheryl BrownVP AdvancementFT$180,102$60,850$240,952
Julia DiamondVP Tmc ArtsFT$183,758$22,597$206,355

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Png BuildersConstruction2392 S BATEMAN AVE, Irwindale, CA 91010$3,706,908
Abm Onsite Services-west INCHousekeeping14141 SOUTHWEST FREEWAY SUITE 400, Sugar Land, TX 77478$3,588,978
Levy RestaurantsCatering135 N GRAND AVE 5TH FLOOR, Los Angeles, CA 90012$1,498,461
Sm Advertising Agency LLCAdvertising3746 FOOTHILL BLVD 414, Glendale, CA 91214$1,262,802
Cdk Productions INCProduction2653 CHARL PL, Los Angeles, CA 90046$873,616
Revenue and Support

Revenue Composition

Contributions and Grants
$10,873,465
Program Service Revenue
$50,538,229
Investment Income
$2,691,820
Other Revenue
$2,523,456
All Other Contributions
$8,252,889
Change in Net Assets
$-5,698,112

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded17$161,079Avg. on Date Donated
Total Noncash Contributions17$161,079-

Audited Revenue Reconciliation

Revenue per Audited Statements
$66,308,105
Revenue Not Reported on Financial Statements
$318,865
Revenue Not Reported on Form 990
$12,346,264
Other Revenue Adjustments
$318,865
Total Revenue per Audited Statements
$78,654,369
Total Revenue per Form 990
$66,626,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$38,105,749
Other Expenses$33,167,829
Total Fundraising Expense$4,045,384
Grants and Similar Amounts Paid$843,084
Professional Fundraising Fees$208,420

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,401,294$1,610,217$2,007,859$28,019,370
Other Employee Benefits$2,674,422$152,285$539,424$3,366,131
All Other Expenses$2,791,647$180,851$198,069$3,170,567
Fees for Services Other$2,077,737$465,317$264,031$2,807,085
Current Officers, Directors, Trustees, and Key Employees$747,470$1,719,113$84,266$2,550,849
Payroll Taxes$1,919,436$153,677$176,802$2,249,915
Other Expenses$2,077,290$0$3,894$2,081,184
Pension Plan Contributions$1,703,134$113,760$102,590$1,919,484
Office Expenses$1,007,406$387,425$351,696$1,746,527
Insurance$1,389,718$148,265$1,600$1,539,583
Advertising$1,298,570$770$23,892$1,323,232
Grants to Domestic Orgs$716,948--$716,948
Depreciation Depletion$642,824$31,130$6,199$680,153
Interest$636,278$954$1,079$638,311
Travel$448,546$46,688$18,950$514,184
Information Technology$343,451$140,191$16,285$499,927
Fees for Services Legal$149,127$284,668-$433,795
Conferences and Meetings$55,942$167,487$12,879$236,308
Fees for Services Professional Fundraising--$208,420$208,420
Fees for Services Accounting-$171,180-$171,180
Grants to Domestic Individuals$126,136--$126,136
Occupancy$5,239--$5,239
Total Functional Expenses$62,449,629$5,830,069$4,045,384$72,325,082

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$78,551,488
Expenses per Audited Statements$72,325,082
Total Expenses per Form 990$72,325,082
Expenses Not Reported on Form 990$6,226,406
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Center Theatre GroupLos Angeles, CA501(c)3General Operation Assistance and Grant$262,077
Los Angeles Opera CompanyLos Angeles, CA501(c)3General Operation Assistance and Grant$182,025
Los Angeles Philharmonic AssociationLos Angeles, CA501(c)3General Operation Assistance and Grant$182,025
Los Angeles Master ChoraleLos Angeles, CA501(c)3General Operation Assistance and Grant$90,821
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$208,420
Fundraising Direct Expenses$113,953
Fundraising Gross Income$113,953

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spotlight Gala$226,750$112,203$26,216$85,987
Birthday Bash$185,800$1,750$1,750$0
Total Events$412,550$113,953$113,953$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans Payable$3,000,000
Liability for Pension Benefits$1,769,028
Due to Resident Companies$653,255
Deposits$514,062
Capital Lease Obligation$59,385
Bonds Payable$57,767

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACA Infrastructure & Economic Development Bank2020-09-30$19,901,658(see part vi for description)

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,901,658$19,503,625$2,115,000$398,033

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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
No
Business relationship with organization members
No
Material changes to governing documents
No
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 7A

Each of the following entities shall have the right to designate its uncompensated volunteer president, chair, vice chair or equivalent officer as a director of tmc: - center theatre group of los angeles - los angeles opera - blue ribbon - music center leadership council - los angeles master chorale association - los angeles philharmonic association - the music center foundation - center dance arts

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

The board of directors of tmc ("board") has delegated the authority to the audit committee to review and approve the form 990. Once approved, it is made available to the remainder of the board for a comment period prior to the form being electronically filed.

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

Annual disclosures are required for officers, directors, and key employees. Disclosures for directors are summarized and reviewed by the chair of the board. Disclosures for officers and key employees are reviewed by the chief financial officer. If a conflict exists at the director level, the director is prohibited from participating in the board's deliberations and decisions in the transaction. If potential conflicts arise at the officer or key employee level, the transaction would be reviewed by legal counsel and the relevant board committee to determine restrictions.

Form 990, Part VI, Section B, Line 15

Pursuant to the bylaws, the commpensation committee is authorized to determine the compensation of the president and ceo, cfo, and such other officers of the corporation as the compensation committee determines appropriate or as directed by the board, annually and whenever a modification in compensation is proposed. After a thorough review of his/her performance, compensation of executives at other arts organizations, and other factors, the committee approves the president and ceo, cfo, and such other officers' compensation. The ceo reviews and approves the compensation of all other officers and key employees not reviewed by the compensation committee.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy, informational returns and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Performing Arts Center of Los Angeles
EIN
95-2217011
Phone
2139727211
Address
135 NORTH GRAND AVENUE, LOS ANGELES, CA 90012
Doing Business As
The Music Center (tmc)

Signing Officer

Name
William Taylor
Title
Sr. VP Fin/CFO & Assist. Treasurer
Phone
2139727211
Signed
2025-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Taylor
Formed
1961
Legal Domicile
CA
Voting Board Members
47
Independent Board Members
46
Employees
1,259
Volunteers
197

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
21700 OXNARD ST STE 300, WOODLAND HILLS, CA 91367
Preparer
Lauren a Haverlock
Phone
8185771900
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of beneficial interests 1,556,648. Sfas 158 comprehensive income related to pension obligation 522,741. Loss on uncollectible promises to give -318,865.

Financial Statement Notes

PART III, LINE 1A:

In conformity with the practice followed by many cultural institutions, art objects purchased by or donated to tmc are not included in the statements of financial position. Tmc's collection consists of art objects that are on exhibition. Each of the items is catalogued, preserved and cared for, and activities verifying their existence and assessing their condition are performed regularly. Purchased collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or in temporarily restricted net assets if the assets used to purchase the items are restricted by donors. Items in the collection include: paintings, prints, sculptures, furniture, musical items, and textiles.

PART X, LINE 2:

Tmc is a california nonprofit public benefit corporation and is generally exempt from federal and state income taxes under internal revenue code 501(c)(3) and california revenue and taxation code 23701(d). Accordingly, no provision for income taxes is included in its financial statements. Tmc recognizes the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The amount of unrecognized tax benefits is adjusted, as appropriate, for changes in facts and circumstances.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of beneficial interests 1,556,648. Sfas 158 comprehensive income related to pension obligation 522,741.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on uncollectible promises to give 318,865.

Raw XML AppendixShowing 400 of 1,388 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/Desc0CENTER OPERATIONS: THE MUSIC CENTER ("TMC") MAINTAINS AND OPERATES THE FACILITIES ON BEHALF OF LOS ANGELES COUNTY. THE FACILITIES INCLUDE: WALT DISNEY CONCERT HALL, DOROTHY CHANDLER PAVILION, AHMANSON THEATRE, MARK TAPER FORUM, JERRY MOSS PLAZA, AND GLORIA MOLINA GRAND PARK ("PARK"). TMC IS HOME TO FOUR RENOWNED RESIDENT COMPANIES: CENTER THEATRE GROUP, LOS ANGELES MASTER CHORALE, LOS ANGELES OPERA COMPANY, AND LOS ANGELES PHILHARMONIC ASSOCIATION. TMC PROVIDES FACILITY MAINTENANCE, SECURITY, GUEST SERVICES, PRODUCTION, AND SCHEDULING AND EVENTS MANAGEMENT. IN THE CURRENT FISCAL YEAR, NEARLY 750,000 GUESTS ATTENDED OVER 580 TICKETED PERFORMANCES IN THE CENTER'S VENUES.TMC ALSO MANAGES AND OPERATES LOS ANGELES COUNTY'S 12-ACRE GLORIA MOLINA GRAND PARK. THE PARK FEATURES MULTIUSE LAWNS, STAGES, AND OPEN SPACES AVAILABLE FOR BOTH LEISURE AND CIVIC GATHERINGS. THE PARK TYPICALLY HAS MORE THAN 1 MILLION GUESTS VISIT ANNUALLY TO ENJOY ITS MANY AMMENITIES. THE PARK HAS BECOME THE CENTRAL GATHERING PLACE IN LOS ANGELES FOR MAJOR HOLIDAY CELEBRATIONS INCLUDING JULY 4TH AND NEW YEAR'S EVE
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