Overview
What is Performing Arts Center Of Los Angeles County?
The Performing Arts Center of Los Angeles County, also known as The Music Center (TMC), is a renowned nonprofit organization based in Los Angeles, California. Operating at 135 North Grand Avenue, TMC manages and maintains facilities on behalf of the county, including Walt Disney Concert Hall, Dorothy Chandler Pavilion, Ahmanson Theatre, Mark Taper Forum, Jerry Moss Plaza, and Grand Park. These venues are home to four esteemed resident companies: Center Theatre Group, Los Angeles Master Chorale, Los Angeles Opera Company, and Los Angeles Philharmonic Association. TMC offers a range of services to ensure the smooth operation of these facilities, including facility maintenance, security, guest services, production, and scheduling and events management. In the current fiscal year, over 500,000 guests attended more than 500 ticketed performances at the Center's venues, demonstrating a gradual increase in attendance following the pandemic closure the previous year. TMC also oversees Los Angeles County's 12-acre Grand Park, featuring multi-use lawns, stages, and open spaces that attract more than 1 million guests annually for leisure and civic gatherings. TMC is dedicated to fostering a thriving arts community in Los Angeles, connecting people with engaging experiences that enrich their lives. With a workforce of 970 employees, TMC serves as a champion for the arts and a vital resource for the community.
Official website here: www.musiccenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The Performing Arts Center of Los Angeles County has achieved a perfect score of 100% from Charity Navigator, reflecting exemplary accountability and finance practices. This top-tier rating indicates that the organization has an independent governance structure with a majority of board members being independent, ensuring strong oversight and decision-making processes.
Significant strengths include a well-managed financial setup with an impressive program expense ratio of 86.74%, demonstrating a commitment to utilizing funds for direct programmatic efforts. The organization also showcases robust policies for conflict of interest, whistleblower protections, and document retention, which further enhance its operational transparency and ethical standards.
No material diversions of assets have been reported, confirming the organization's financial integrity. Overall, the Performing Arts Center of Los Angeles County stands out as a highly accountable and financially sound nonprofit, dedicated to its mission within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Performing Arts Center Of Los Angeles County legitimate?
Performing Arts Center Of Los Angeles County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Performing Arts Center Of Los Angeles County submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,544,747
Professional Fundraising Fees: $166,441
Other Salaries and Wages: $26,429,861
For more financial information, click here
Official website here: www.musiccenter.org
What is the mission statement of Performing Arts Center Of Los Angeles County?
The Performing Arts Center of Los Angeles County (TMC) champions arts for all people in Los Angeles, acting as a bridge that connects individuals with each other and with enriching artistic experiences. TMC embraces patrons, visitors, and community members from diverse backgrounds, providing exceptional service to its resident companies and to those who engage in the arts at its facilities. TMC faithfully stewards the campus entrusted to it by the County of Los Angeles.
Official website here: www.musiccenter.org
Who is the CEO of Performing Arts Center Of Los Angeles County?
Rachel S Moore is the CEO of Performing Arts Center Of Los Angeles County The CEO's salary of Performing Arts Center Of Los Angeles County is $975,160 and their total compensation is $1,001,996.
Official website here: www.musiccenter.org
What is the revenue of Performing Arts Center Of Los Angeles County?
Performing Arts Center Of Los Angeles County's revenue in 2023 was $65,310,857.
Official website here: www.musiccenter.org
Who are the executives of Performing Arts Center Of Los Angeles County and what are their salaries?
The average compensation at Performing Arts Center Of Los Angeles County during 2023 was $23,633. There are 1226 employees and 151 volunteers at Performing Arts Center Of Los Angeles County.
Here are 56 key members and their salaries (Performing Arts Center Of Los Angeles County's CEO's salary is $975,160 and their total compensation is $1,001,996):
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- Compensation: $203,472
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- Other: $58,488
Official website here: www.musiccenter.org
Where can I find the form 990 for Performing Arts Center Of Los Angeles County?
Performing Arts Center Of Los Angeles County's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.musiccenter.org
Learn more at the official website: www.musiccenter.org
Mission Statement of Performing Arts Center Of Los Angeles County
The Performing Arts Center of Los Angeles County, commonly known as TMC, is a non-profit organization dedicated to championing the arts in Los Angeles for all people. By connecting the diverse population of Los Angeles with enriching art experiences, TMC fosters a sense of unity and shared cultural appreciation. TMC warmly welcomes patrons, visitors, and community members from varied backgrounds, offering them exceptional service at its facilities. In its stewardship of the campus entrusted to it by the County of Los Angeles, TMC remains faithful to the mission of nurturing and supporting its resident companies and providing platforms for those who present their art at its facilities.
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Impact
October, 2024
The Performing Arts Center of Los Angeles County plays a significant role in the cultural landscape of Los Angeles, serving as a vibrant hub for artistic expression and community engagement. With iconic venues such as the Walt Disney Concert Hall, Dorothy Chandler Pavilion, and the Ahmanson Theatre, it attracts over 500,000 guests annually, showcasing a diverse array of performances and events. These venues are home to celebrated resident companies, including the Los Angeles Philharmonic, Los Angeles Opera, and the Los Angeles Master Chorale, enriching the region's cultural scene.
Additionally, the Center actively maintains Grand Park, which attracts over a million visitors each year and has become a central space for community gatherings and civic celebrations, such as Fourth of July and New Year's Eve events. This commitment to fostering connections among residents, artists, and audiences from all backgrounds exemplifies the Center's mission to champion the arts in Los Angeles. By providing exceptional service and nurturing artistic experiences, the Performing Arts Center of Los Angeles County significantly enhances the quality of life in the city, promoting a shared appreciation for the arts and a strong sense of community.
This information is meant to be a general summary of Performing Arts Center Of Los Angeles County. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,392,131
- Program Service Revenue: $49,279,243
- Gross Receipts: $65,921,273
Assets and Liabilities:
- Total Assets: $148,384,472
- Total Liabilities: $42,784,704
- Net Assets: $105,599,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMB. BY LA COUNTY
Revenue
$33,624,677
REIMB. BY SUBLICENSEES
Revenue
$4,912,851
THEATER RENTS
Revenue
$4,038,571
FACILITY FEES
Revenue
$3,418,914
EDUCATION, PROGRAMMING
Revenue
$3,205,437
Organization Details
Founding Year
1961
Principal Officer
William Taylor
Website
www.musiccenter.orgNTEE Category
Code: A610 - Arts
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