Museum Associates: CEO salary, finances and where donations go
Figures from Museum Associates' latest Form 990.
Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.
Methodology by Amir Arani, CPA, CA · Updated
We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.
No reported asset diversions, no insider transactions, no fundraisers keeping most of the money, and the governance policies we check for are in place.
For each dollar donated, Museum Associates spent 5¢ on fundraising.
Fundraising ÷ $124.6M contributions · Form 990 Parts VIII, IXThe charity's own description of its largest programs, with what each cost.
Facility enhancement:in fiscal 2024-2025, lacma continued work towards a major, new museum building. Most of these costs were capitalized and are not reflected on this line. This category of expense also reflects financing and depreciation expense representing amortization of the capitalized costs of constructing the museum's physical facilities, an activity that is one of the core reasons museum associates was founded.
Art acquisition:works of art in all media, from every historical period, and from every corner of the globe are purchased to enhance the museum's permanent collection. Such additions contribute to the museum's goal of collecting significant works of art from a broad range of cultures and eras.expenses reflect funds paid by the museum for the acquisition of artwork during the year, but do not reflect the value of gifts of art. Revenues represent the proceeds of deaccessions from the permanent collection received during the fiscal year, which, in accordance with museum policy, are restricted…
The museum collects works of art in all media, from every historical period, and from every corner of the globe to enhance its permanent collection. Expenses reflect funds paid by the museum for the acquisition of art works, but do not reflect the value of in-kind gifts of art. The museum offers many educational outreach programs in local schools and on-site for children and teens as well as classes and other programs and interpretive materials for college students and adults.
Net assets at each fiscal year end, 2013 to 2025.
Reportable pay in FY ending Jun 2025, from the charity and related organizations.
| Contractor | Service | Paid |
|---|---|---|
| Clark Construction Group Ca Lp | Construction | $129,969,672 |
| Allied Universal Security Services | Security | $6,937,430 |
| Skidmore Owings & Merrill Llp | Architectural consulting | $4,863,355 |
| C&w Facility Services Inc | Custodial services | $1,577,149 |
| Atelier Peter Zumthor & Partner | Architecture | $1,503,361 |
Short, sourced answers. Each one stands on its own.
Michael Govan, CEO and Wallis Annenberg Director, received $1,708,815 in reportable compensation in FY ending Jun 2025, 1.4% of Museum Associates' $124.5M in spending.
Form 990 (FY ending Jun 2025), Part VIIMuseum Associates reported 84.5% of FY ending Jun 2025 spending as programs, 5.2% as fundraising and 10.4% as management.
Form 990 (FY ending Jun 2025), Part IXNet assets were $1.05B at the end of FY ending Jun 2025, about 101.7 months of spending.
Form 990 (FY ending Jun 2025), Part XIts latest Form 990 triggered none of our twelve screening rules, which cover reported asset diversions, insider transactions, fundraiser costs, governance policies and spending patterns.
Form 990 (FY ending Jun 2025)Amir Arani, “Museum Associates: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/museum-associates/