2023-05-12T14:30:31-05:00 2022-06-30 366055558 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2021-07-01 232865855 KIMMEL CENTER INC KIMM 2157905800 300 S BROAD STREET PHILADELPHIA PA 19102 MARIO MESTICHELLI VP/CFO 2158931913 2023-05-12 1 MARIO MESTICHELLI 999009999 RUSSLEE ARMSTRONG P00288383 2155614200 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MATIAS TARNOPOLSKY 300 S BROAD STREET PHILADELPHIA PA 19102 99492568 0 X WWW.KIMMELCENTER.ORG X 1996 PA TO OPERATE A WORLD CLASS PERFORMING ARTS CENTER THAT ENGAGES AND SERVES A (SEE SCH O) BROAD AUDIENCE FROM THROUGHOUT THE GREATER PHILADELPHIA REGION. 15 13 726 85 648961 0 8171611 40728653 -28379 47406431 4665370 4843068 410235 1204525 13218837 94182677 0 0 0 0 6670398 22032174 0 0 1484618 13215728 48455420 19886126 70487594 -6667289 23695083 258952678 272249377 29551274 30115279 229401404 242134098 X THE KIMMEL CENTER FOR THE PERFORMING ARTS MISSION IS TO OPERATE A WORLD-CLASS PERFORMING ARTS CENTER THAT ENGAGES AND SERVES A BROAD AUDIENCE FROM THROUGHOUT THE GREATER PHILADELPHIA REGION. 0 0 60783865 0 47113506 SEE SCHEDULE O 1136340 0 0 TO PROVIDE VITAL ARTS EDUCATION AND COMMUNITY PROGRAMMING TO SERVE THE INTERESTS OF A BROAD AND DIVERSE AUDIENCE. 61920205 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 265 0 1 726 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 15 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ NY PA X MARIO MESTICHELLI 2157905800 300 S BROAD STREET PHILADELPHIA PA 19107 ANNE C EWERS PRES/CEO (THRU 12/3/21); DIRECTOR 40.00 0.00 X X 714326 0 27494 MICHAEL ZISMAN BOARD CHAIR 5.00 0.00 X X 0 0 0 ROBERT R CORRATO VICE CHAIR 5.00 0.00 X X 0 0 0 JANE HOLLINGSWORTH VICE CHAIR (THRU 12/3/21) 5.00 0.00 X X 0 0 0 NICOLE PERKINS TREASURER (THRU 12/3/21) 5.00 0.00 X X 0 0 0 JAMI WINTZ MCKEON SECRETARY 5.00 0.00 X X 0 0 0 ANGELA BOSTICK DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 JEFFREY BROWN DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 RICHARD D CARPENTER DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 JOE CIRESI DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 REV LUIS A CORTES JR DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 ROBERT J DELANY SR DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 JEFF DITTUS DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 JOE HILL DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 PHILIP P JAURIGUE DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 JOAN LAU DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 BROOK J LENFEST DIRECTOR 2.00 0.00 X 0 0 0 JEFFREY A LEONARD DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 STANLEY MIDDLEMAN DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 ELIZABETH MURPHY DIRECTOR 2.00 0.00 X 0 0 0 ROBERTO PEREZ DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 SULAIMAN W RAHMAN DIRECTOR 2.00 0.00 X 0 0 0 MARK H SAMUELS DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 ANNE FAULKNER SCHOEMAKER DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 MATTHEW A TAYLOR DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 JENNIFER F TERRY DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 SHERRY VARRELMAN DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 LAURIE WAGMAN DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 ROB WILSON DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 DALILA WILSON-SCOTT DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 JOSEPH ZEBROWITZ DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 JEFFREY MCFADDEN DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 MICHELE KREISLER RUBENSTEIN DIRECTOR (THRU 12/3/21) 2.00 0.00 X 0 0 0 MATIAS TARNOPOLSKY CEO/DIRECTOR (AS OF 12/3/21) 40.00 0.00 X X 0 725529 53803 MARK S DICHTER DIRECTOR (AS OF 12/3/21) 2.00 0.00 X 0 0 0 JULIA HALLER DIRECTOR (AS OF 12/3/21) 2.00 0.00 X 0 0 0 OSAGIE O IMASOGIE DIRECTOR (AS OF 12/3/21) 2.00 0.00 X 0 0 0 RALPH C MULLER DIRECTOR (AS OF 12/3/21) 2.00 0.00 X 0 0 0 CAROLINE B ROGERS DIRECTOR (AS OF 12/3/21) 2.00 0.00 X 0 0 0 ADRIENNE SIMPSON DIRECTOR (AS OF 12/3/21) 2.00 0.00 X 0 0 0 RICHARD B WORLEY DIRECTOR (AS OF 12/3/21) 2.00 0.00 X 0 0 0 EDWARD J CAMBRON VP, COO 40.00 0.00 X 445455 0 35696 STANLEY M APPLEGATE VP, CFO 40.00 0.00 X 413089 0 40678 ROSS S RICHARDS VP, FACILITY SALES 40.00 0.00 X 271035 0 31739 CRYSTAL A BREWE VP OF MARKETING 40.00 0.00 X 242409 0 39089 ELIZABETH A SACCARDI DIR. OF DEVELOPMENT 40.00 0.00 X 172772 0 4431 JACOB A JESSUP CONTROLLER 40.00 0.00 X 157772 0 15525 SUSAN N QUINN DIR. OF EDUCATION 40.00 0.00 X 147095 0 24029 FRANCES L EGLER DIR. OF PROGRAMMING 40.00 0.00 X 155113 0 15912 MATTHEW J SUYDAM SR DIRECTOR, FACILITIES & SECURITY 40.00 0.00 X 128090 0 29040 2847156 725529 317436 18 0 1 0 ADVENTURELAND PRESENTS LLC 1501 BROADWAY 24TH FLOOR NEW YORK NY 10036 TOURING SHOW 10179082 LIVE NATION WORLDWIDE INC 8348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210 BOOKING AGENT 2686235 HAVERSTICK BORTHWICK COMPANY 400 STENTON AVENUE PLYMOUTH MEETING PA 19462 CONTRACTOR 1053923 ELLIOTT LEWIS CORPORATION 2900 BLACK LAKE PLACE PHILADELPHIA PA 19154 ENGINEER SERVICES 809206 DBS AUDIO SYSTEMS INC PO BOX 986 COATESVILLE PA 19320 AV RENTAL SERVICES 394210 27 2376410 97954 13913824 24340465 40728653 TICKET SALES 711190 28643988 28643988 COST RECOVERY REVENUE 711190 10311761 10003644 308117 TICKET SURCHARGE 711190 2837993 2837993 RENTAL INCOME 711190 2780040 2523472 256568 TICKET PHILADELPHIA 561499 1204112 1204112 1628537 1628537 47406431 4933704 29830 4903874 5038336 5128972 -90636 -90636 -90636 293861 97954 180919 112942 112942 RESTAURANT 722320 503893 0 0 503893 PARKING 812930 280730 0 19246 261484 ADVERTISING 541800 35200 0 35200 271760 271760 1091583 94182677 47113506 648961 5691557 4027655 2156758 1531707 339190 13829357 10344080 3031609 453668 528002 503406 14530 10066 2156965 2030318 38185 88462 1490195 1313588 109455 67152 258438 62180 196258 111093 111093 72000 72000 416706 416706 950387 356382 594005 2961288 2942316 12000 6972 380220 285702 90450 4068 651680 581344 59418 10918 664408 664408 4504902 4273292 231610 75044 56975 16216 1853 79525 24457 54437 631 329533 329533 8330768 8254361 76407 852549 852549 ARTIST/PERFORMANCE FEES 20054594 20054594 PROGRAMS OTHER 5416400 5416400 PRODUCTION & EXHIBITION 1532291 1532291 MISCELLANEOUS 813594 -114729 498685 429638 70487594 61920205 7082771 1484618 13953932 35014192 2519125 13564923 813581 824159 220985 550533 295060980 141323620 157672559 153737360 77412328 67253636 401042 350785 5959126 953789 258952678 272249377 2972462 6883995 11869834 12964651 14011536 10157810 697442 108823 29551274 30115279 X 150451643 151250889 78949761 90883209 229401404 242134098 258952678 272249377 23695083 -10962389 0 X 0 1 X 1 0 X 7418069 7811717 7514258 8171611 40728653 71644308 7418069 7811717 7514258 8171611 40728653 71644308 28129738 43514570 3576534 1102062 6525873 4666157 4903874 20774500 185720 185720 820105 1244451 660650 367591 1059238 4152035 96756563 168732257 0.44970 0.56840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: RESTAURANT - 2017 AMOUNT: $ 59,034. 2018 AMOUNT: $ 405,953. 2019 AMOUNT: $ 282,701. 2020 AMOUNT: $ 335,091. 2021 AMOUNT: $ 503,893. PARKING - 2017 AMOUNT: $ 365,534. 2018 AMOUNT: $ 338,946. 2019 AMOUNT: $ 164,383. 2020 AMOUNT: $ 32,500. 2021 AMOUNT: $ 261,484. OTHER - 2017 AMOUNT: $ 395,537. 2018 AMOUNT: $ 499,552. 2019 AMOUNT: $ 213,566. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 293,861. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 1 72000 72000 0 PART II-B, LINE 1: KIMMEL CENTER PAID WODJAK & ASSOCIATES FOR THE PURPOSE OF THE FIRM ASSISTING WITH ACQUIRING CITY AND STATE FUNDING. SINCE WODJAK & ASSOCIATES IS A LOBBYING FIRM, KIMMEL CENTER IS TAKING A PRUDENT COURSE AND DISCLOSING THESE FEES IN THE FORM 990. X 0 77620439 83077 -6621883 3772397 67309236 62565997 605266 18852264 4403088 77620439 67037319 8979 1137787 5618088 62565997 67754899 229392 2566602 3513574 67037319 63709191 900332 5477515 2332139 67754899 1.00000 1 0 18442460 18442460 244617151 124017953 120599198 4995849 2170686 2825163 27005520 15134981 11870539 0 153737360 LIABILITY UNDER UNITRUST AGRMT 108823 108823 83076541 -10962389 92040 -10870349 93946890 416706 -180919 235787 94182677 70343847 92040 180919 272959 70070888 416706 416706 70487594 PART III, LINE 4: COLLECTIONS OF ART THE ORGANIZATION'S COLLECTION CONSISTS OF A BRONZE SCULPTURE AND VARIOUS FINE ART WORKS AND PAINTINGS FOR YEAR-ROUND PUBLIC EXHIBITION. PART V, LINE 4: ENDOWMENT FUNDS THE ORGANIZATION'S INTENDED USES OF THE ENDOWMENT FUNDS ARE FOR THE OPERATIONS, MAINTENANCE, AND SUPPORT OF EDUCATION PROGRAMS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -180,919. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 180,919. NJ NY PA GALA 391815 97954 293861 73771 23175 83973 391815 97954 293861 73771 23175 83973 180919 112942 X 0 1 X X X X 0 0 0 1 0 1 0 0 0 MATIAS TARNOPOLSKY CEO/DIRECTOR (AS OF 12/3/21) 0 449839 0 275000 0 690 0 23200 0 30603 0 779332 0 0 ANNE C EWERS PRES/CEO (THRU 12/3/21); DIRECTOR 516399 0 191227 0 6700 0 13000 0 14494 0 741820 0 0 0 EDWARD J CAMBRON VP, COO 329267 0 116188 0 0 0 9053 0 26643 0 481151 0 0 0 STANLEY M APPLEGATE VP, CFO 304676 0 108413 0 0 0 7272 0 33406 0 453767 0 0 0 ROSS S RICHARDS VP, FACILITY SALES 201642 0 69393 0 0 0 5813 0 25926 0 302774 0 0 0 CRYSTAL A BREWE VP OF MARKETING 180346 0 62063 0 0 0 7272 0 31817 0 281498 0 0 0 ELIZABETH A SACCARDI DIR. OF DEVELOPMENT 161700 0 11072 0 0 0 4431 0 0 0 177203 0 0 0 JACOB A JESSUP CONTROLLER 147719 0 10053 0 0 0 4525 0 11000 0 173297 0 0 0 SUSAN N QUINN DIR. OF EDUCATION 138280 0 8815 0 0 0 4302 0 19727 0 171124 0 0 0 FRANCES L EGLER DIR. OF PROGRAMMING 144934 0 10179 0 0 0 4243 0 11669 0 171025 0 0 0 MATTHEW J SUYDAM SR DIRECTOR, FACILITIES & SECURITY 120159 0 7931 0 0 0 3605 0 25435 0 157130 0 0 0 PART I, LINE 1A THE CHIEF EXECUTIVE OFFICER ("CEO") HAS A MEMBERSHIP TO THE UNION LEAGUE OF PHILADELPHIA THAT IS USED PRINCIPALLY FOR BUSINESS PURPOSES. IF IN THE EVENT ANY PORTION OF THE EXPENSES IS CONSIDERED PERSONAL USE, THE CEO REIMBURSES THE ORGANIZATION FOR THE AMOUNT CHARGED. PART I, LINE 5 NON-FIXED PAYMENTS CERTAIN EXECUTIVES PARTICIPATE IN AN ANNUAL INCENTIVE COMPENSATION PLAN. THE PLAN IS REVIEWED AND APPROVED ANNUALLY BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE ALSO REVIEWS THE PAYOUTS UNDER THE PLAN PRIOR TO PAYMENT. PAYMENTS UNDER THE PLAN ARE DEPENDENT ON THE ACHIEVEMENT OF CERTAIN FINANCIAL AND NON-FINANCIAL GOALS ESTABLISHED FOR EACH PARTICIPANT. THE FINANCIAL GOALS INCLUDE REVENUE AND NET EARNINGS. THE INCENTIVE PAYMENTS REPORTED ON THIS 2021 FORM 990 RELATE TO COMPENSATION PAID IN CALENDAR YEAR 2021. PART I, LINE 6 SEE ABOVE PART I, LINE 5 EXPLANATION AND SCHEDULE O FOR KIMMEL CENTER'S COMPENSATION POLICY. FORM 990, PART III, LINE 4A THE KIMMEL CENTER FOR THE PERFORMING ARTS (THE CENTER) OPERATES AND MAINTAINS WORLD-CLASS PERFORMANCE VENUES INCLUDING THE KIMMEL CENTER FOR THE PERFORMING ARTS, THE ACADEMY OF MUSIC, AND THE MILLER THEATER. THE CENTER PROVIDES STATE-OF-THE-ART VENUES AND SUPPORT FACILITIES FOR RESIDENT COMPANIES AND A BROAD RANGE OF OTHER REGIONAL PERFORMANCE GROUPS AT BELOW COSTS. THE CENTER PRESENTS ARTISTIC PROGRAMMING OF THE HIGHEST QUALITY THAT SERVES DIVERSE AUDIENCES AND BRINGS WORLD-RENOWNED ARTISTS TO PHILADELPHIA. THE CENTER ALSO PROVIDES VITAL ARTS EDUCATION AND COMMUNITY PROGRAMMING TO SERVE THE INTERESTS OF A BROAD AND DIVERSE AUDIENCE AND INVESTS IN BURGEONING LOCAL TALENT WITH JAZZ AND THEATER RESIDENCY PROGRAMS WHICH ACT AS AN INCUBATOR FOR NEW WORKS OF ART. FORM 990, PART VI, SECTION A, LINE 6 EFFECTIVE DECEMBER 2, 2021, THE BYLAWS OF THE KIMMEL CENTER INC. (KCI) WERE AMENDED AND RESTATED TO REFLECT A NUMBER OF CHANGES COINCIDENT WITH THE CREATION OF THE PHILADELPHIA ORCHESTRA AND KIMMEL CENTER INC. (THE POKC). THE SOLE MEMBER OF THE KCI WITHIN THE MEANING OF SECTION 5103(A) OF THE PENNSYLVANIA NONPROFIT CORPORATION LAW OF 1988 (THE NPCL) SHALL BE THE POKC. FORM 990, PART VI, SECTION A, LINE 7A EFFECTIVE, DECEMBER 2, 2021, THE POKC BECAME THE SOLE MEMBER OF KCI AND HOLDS THE RIGHTS TO ELECT OR APPOINT ONE OR MORE MEMBERS OF KCI'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B EFFECTIVE, DECEMBER 2, 2021, THE POKC BECAME THE SOLE MEMBER OF KCI AND HOLDS THE RIGHTS TO MAKE GOVERNANCE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990: FORM 990 IS PREPARED BY AN INTERNATIONAL ACCOUNTING FIRM UNDER THE DIRECTION OF THE ORGANIZATION'S FINANCE STAFF. IT IS REVIEWED IN DEPTH BY THE AUDIT COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS WHICH MEET WITH THE FINANCE STAFF AND THE INDEPENDENT TAX PREPARERS/ADVISORS TO PERFORM THIS REVIEW. A COPY OF THE FORM 990 IS THEN GIVEN TO EACH MEMBER OF THE BOARD OF DIRECTORS AND A REASONABLE AMOUNT OF TIME IS GRANTED FOR COMMENTS. THEREAFTER, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: KIMMEL CENTER, INC. REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE CENTER'S BYLAWS PRESCRIBE RULES FOR DEFINING, REPORTING AND OTHERWISE DEALING WITH CONFLICTS OF INTEREST BY MEMBERS OF THE BOARD OF DIRECTORS AND THEIR HOUSEHOLD MEMBERS. THIS IS A RESPONSIBILITY OF THE CHAIR OF THE BOARD. THE CENTER ALSO HAS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO ALL EMPLOYEES AND THEIR IMMEDIATE FAMILY MEMBERS. KIMMEL CENTER'S CORPORATE OFFICERS ARE RESPONSIBLE FOR DETERMINING WHETHER A CONFLICT EXISTS AND INSURING THAT ALL TRANSACTIONS ARE HANDLED APPROPRIATELY UNDER THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 REVIEW OF COMPENSATION: PROCESS FOR DETERMINING COMPENSATION OF THE CHIEF EXECUTIVE OFFICER: THE CEO RECEIVES AN ANNUAL PERFORMANCE EVALUATION COMPLETED BY THE CHAIR OF THE BOARD OF DIRECTORS AND THE CHAIR OF THE HUMAN RESOURCES & COMPENSATION COMMITTEE. CEO PERFORMANCE AND COMPENSATION ARE ALSO REVIEWED AT A MEETING OF THE FULL BOARD OF DIRECTORS. ONLY THOSE MEMBERS OF THE BOARD WHO ARE FREE OF CONFLICTS OF INTEREST MAY BE INVOLVED IN THE EVALUATION OF CEO COMPENSATION. IN DETERMINING CEO COMPENSATION, THE CHAIR REVIEWS NATIONAL AND LOCAL COMPENSATION STUDIES OF COMPARABLE ORGANIZATIONS AND CONSIDERS INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE AGAINST GOALS. THE EXECUTIVE COMMITTEE KEEPS A RECORD OF THE MEETINGS AND DISCUSSIONS RELATIVE TO CEO COMPENSATION. THE JUSTIFICATION FOR RECOMMENDED ADJUSTMENTS IS APPROPRIATELY DOCUMENTED. PROCESS FOR DETERMINING COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES: THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CHIEF EXECUTIVE OFFICER BASED ON PREVAILING COMPENSATION FOR THESE POSITIONS AT COMPARABLE ORGANIZATIONS BOTH LOCALLY AND NATIONALLY AS WELL AS PERFORMANCE AGAINST INDIVIDUAL AND ORGANIZATIONAL GOALS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS: THE KIMMEL CENTER MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. GENERAL STATEMENT OF INFORMATION THE PHILADELPHIA ORCHESTRA ASSOCIATION (POA) AND THE KIMMEL CENTER, INC. (KCI), AFTER RECEIVING A NO OBJECTION LETTER FROM THE PENNSYLVANIA ATTORNEY GENERAL DATED OCTOBER 15, 2021, ENTERED INTO A PARTNERSHIP AND AFFILIATION AGREEMENT ON OCTOBER 21, 2021 THAT WILL ENABLE POA AND KCI TO OPERATE IN A STRATEGICALLY ALIGNED AND COORDINATED MANNER IN ORDER TO CREATE A MORE POWERFUL AND EXPANSIVE ARTISTIC FOOTPRINT BY ESTABLISHING A NEW 501(C)(3) ORGANIZATION THE PHILADELPHIA ORCHESTRA AND KIMMEL CENTER, INC. (POKC) TO SERVE AS THE COMMON CONTROLLING MEMBER/PARENT OF POA AND KCI, WITH FULL REPRESENTATION FROM THE EXISTING POA AND KCI BOARDS. THE TRANSACTION WAS CLOSED ON DECEMBER 2, 2021, AND ASSOCIATED FILINGS WERE MADE ON DECEMBER 3, 2021. THE POA AND KCI WILL REMAIN SEPARATE LEGAL ENTITIES EACH OPERATING AS TAX-EXEMPT ORGANIZATIONS AND SHALL CONTINUE TO OPERATE IN ACCORDANCE WITH AND TO FURTHER ITS RESPECTIVE TAX-EXEMPT MISSION AND PURPOSES. EACH WILL MAINTAIN SEPARATE FINANCIAL STATEMENTS AND PERFORM AN ANNUAL AUDIT, NOTWITHSTANDING THAT THE PARTIES' FINANCIAL STATEMENTS MAY BE CONSOLIDATED WITH POKC'S. EACH OF THE ORCHESTRA AND THE KIMMEL CENTER SHALL CONTINUE TO HOLD, MANAGE, AND USE ITS ENDOWED AND OTHERWISE DONOR-RESTRICTED ASSETS (INCLUDING THOSE HELD BY ITS RESPECTIVE SUBORDINATE ORGANIZATIONS) CONSISTENT WITH THE RESTRICTIONS THAT APPLY TO SUCH ASSETS AND PURSUANT TO THE TERMS OF THEIR RESPECTIVE GIFT INSTRUMENTS. FORM 990, PART I, LINE 5 & PART V, LINE 2A NUMBER OF INDIVIDUALS RECEIVING FORM W-2 IN 2021: THE TOTAL NUMBER OF INDIVIDUALS EMPLOYED WHO RECEIVED A FORM W-2 IN 2021 WAS 773, INCLUDING CURRENT AND FORMER EMPLOYEES. OF THESE, 520 WERE SEASONAL, PART-TIME EMPLOYEES. THERE WERE 253 FULL-TIME EMPLOYEES INCLUDING: STAGEHANDS, BOX OFFICE, SECURITY, ADMINISTRATIVE, FACILITIES, MARKETING, FUNDRAISING AND PROGRAMMING EMPLOYEES. KC BROAD ST THEATER LLC 1500 WALNUT STREET PHILADELPHIA PA 19102 PERFORMING ARTS PA 11703805 KIMMEL CENTER INC ACADEMY OF MUSIC OF PHILADELPHIA INC ONE SOUTH BROAD STREET 14TH FLOOR PHILADELPHIA PA 19107 231501159 RESTORATION PA 501(C)(3) LINE 12A, I POA 0 PHILADELPHIA ORCHESTRA ASSOCIATION ONE SOUTH BROAD STREET 14TH FLOOR PHILADELPHIA PA 19107 231352289 ORCHESTRA MGMT PA 501(C)(3) LINE 10 POKC 0 THE PHILADELPHIA ORCHESTRA AND KIMMEL CENTER INC 300 SOUTH BROAD STREET PHILADELPHIA PA 19102 874303823 ORCHESTRA PA 501(C)(3) LINE 7 POKC 0 TICKET PHILADELPHIA 1500 WALNUT ST 17TH FLR PHILADELPHIA PA 19102 455625606 TICKET SALES PA KIMMEL CENTER RELATED 762330 3773179 0 1 0.69210 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0