Motion picture academy rolling in dough

Most businesses would love these numbers:

Total revenue: $81 million
Net assets: $165 million
Debt: none
Federal income tax: none

Much of what the Academy of Motion Picture Arts and Sciences reports as revenue is tied to the Academy Awards, according to Bill Barrett at Forbes. The Academy's 2009 tax return doesn't break out how much of the $74 million comes from broadcast rights.

What do the top people get paid? By Hollywood standards, surprisingly modest amounts. The 40-some board members serve for free. The top day-to-day person, Executive Secretary Bruce Davis, received a total of $530,000, followed by $361,00 for Executive Administrator Ric Robertson and $244,000 for Controller Andrew Horn. No one else was listed as making more than $200,000.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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