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How Recession Wallops Visual Arts

The Museum of Contemporary Art San Diego, with facilities in La Jolla and downtown San Diego, had contributions and grants of $4.5 million in 2008, according to Internal Revenue Service records, down sharply from $9.7 million in 2007. Investment income dropped $2.8 million compared with a gain of $2.8 million the prior year. Total revenue was $2.8 million versus $11.9 million the prior year. Net assets dropped to $62.6 million from $72 million. Salaries inched up slightly to $3.65 million from $3.6 million.

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The Museum of Contemporary Art San Diego, with facilities in La Jolla and downtown San Diego, had contributions and grants of $4.5 million in 2008, according to Internal Revenue Service records, down sharply from $9.7 million in 2007. Investment income dropped $2.8 million compared with a gain of $2.8 million the prior year. Total revenue was $2.8 million versus $11.9 million the prior year. Net assets dropped to $62.6 million from $72 million. Salaries inched up slightly to $3.65 million from $3.6 million.

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Comments
2

Wasn't MOCA heavily dependent upon the largess of David Copley? Now that he's having a fire sale of everything he owns, it is most unlikely that MOCA will see any more from him. And how can a museum of that sort spend over $3 million a year on salaries?

Times may be tougher than before, but MOCA sure isn't broke.

Sept. 23, 2010

Response to post #1: I believe David Copley was a big donor to MOCA. That may explain part of the severe dropoff in donations, although almost all arts groups are experiencing such declines because of the recession. This is another piece of evidence that David Copley is pinching pennies, as I have suspected for some time. Don't get me wrong: he is not HURTING. If he were, he would sell his posh home and Helen's Foxhill, too. But when you sell your primary asset, the U-T, for 5% of what it had been worth five years earlier, there have to be strains. Best, Don Bauder

Sept. 23, 2010

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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