2023-05-08T06:27:08-05:00 2022-06-30 470698853 BLAND & ASSOCIATES 450 REGENCY PARKWAY OMAHA NE 68114 990 2021-07-01 911846837 METROPOLITAN ENTERTAINMENT & CONVENTION AUTHORITY METR 4023411500 455 N 10TH STREET OMAHA NE 68102 ROGER DIXON PRESIDENT/CEO 4023411500 2023-05-08 1 ROGER DIXON 999009999 NICOLE SNOW P01392174 4023978822 2023-05-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ROGER DIXON 455 N 10TH STREET OMAHA NE 68102 136073148 0 X WWW.OMAHAMECA.COM X 1997 NE MECA'S MISSION IS TO RELIEVE THE BURDENS OF GOVERNMENT THROUGH MANAGEMENT AND OPERATION OF GOVERNMENT OWNED CONVENTION, SPORTS AND ENTERTAINMENT FACILITIES LOCATED IN OMAHA, NEBRASKA. MECA MANAGES AND OPERATES CHI HEALTH CENTER CENTER OMAHA, CHARLES SCHWAB FIELD OMAHA, AND THE RIVERFRONT. 5 5 655 0 0 0 14696163 6726482 21001652 38293683 150763 155282 59603097 90897701 95451675 136073148 0 0 0 0 6800227 8933762 0 0 634395 83198747 124609067 89998974 133542829 5452701 2530319 158635208 161980538 114954364 116127773 43680844 45852765 X MECA'S MISSION IS TO RELIEVE THE BURDENS OF GOVERNMENT THROUGH MANAGEMENT AND OPERATION OF GOVERNMENT OWNED CONVENTION, SPORTS AND ENTERTAINMENT FACILITIES LOCATED IN OMAHA, NEBRASKA. MECA MANAGES AND OPERATES CHI HEALTH CENTER CENTER OMAHA, CHARLES SCHWAB FIELD OMAHA, AND THE RIVERFRONT. 0 0 127484654 129191384 SEE ATTACHED SUPPLEMENT TO SCHEDULE O DESCRIBING THE FINANCIAL HIGHLIGHTS OF THE ORGANIZATION'S PRIMARY PROGRAM SERVICES. 127484654 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 76 0 1 655 0 0 0 0 0 0 1 1 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NE X ROGER A DIXON PRESIDENTCEO 4023411500 455 N 10TH STREET OMAHA NE 68102 DIANE DUREN CHAIRWOMAN 5.00 X X 0 0 0 JAY NODDLE VICE CHAIRMAN 5.00 X X 0 0 0 TOM KELLEY TREASURER 5.00 X 0 0 0 SUSIE BUFFETT SECRETARY 5.00 X X 0 0 0 TOM WARREN BOARD MEMBER 5.00 X 0 0 0 ROGER DIXON PRESIDENT/CEO 55.00 X 499427 0 38487 ROBERT FREEMAN ASSISTANT SECRETARY 5.00 X 0 0 0 TOM O'GORMAN VP CORPORATE SALES & 45.00 X 242561 0 36751 CLAIRE ALT VP HUMAN RESOURCES 45.00 X 128480 0 24418 DENISE NIEBRUGGE VP CONVENTION SALES 45.00 X 126376 0 33466 KEVIN RAYMOND VP OPERATIONS & IT 45.00 X 212156 0 24769 DIANE MILLS CFO 45.00 X 193798 0 35557 1402798 0 193448 6 0 1 0 KIEWIT INFRASTRUCTURE CO 4004 S 60TH ST OMAHA NE 68117 CONSTRUCTION 77397853 LEVY PREMIUM FOOD SERVICES LP 980 NORTH MICHIGAN AVE CHICAGO IL 60611 FOOD SERVICE 7781951 HDR ENGINEERING INC 1917 S 67TH OMAHA NE 68106 ENGINEERING 5397411 KIEWIT BUILDING GROUP INC 4004 S 60TH ST OMAHA NE 68117 CONSTRUCTION 3246165 MR GLOBAL PRODUCTIONS LLC 1366 S PECAN ST MARICOPA AZ 85296 MANAGEMENT 3227452 5 1440402 5286080 6726482 FOOD, BEVERAGE AND MERCHANDIS 713990 18592920 18592920 SPONSORSHIP INCOME/SUITES 713990 8175367 8175367 OTHER EVENT FEES 713990 4282127 4282127 FACILITY RENT 713990 2101747 2101747 PARKING FEES 713990 1983384 1983384 3158138 3158138 38293683 155282 155282 TRI-PARK REVENUE 900099 90897701 90897701 90897701 136073148 129191384 0 155282 537914 537914 6932382 3194541 3332580 405261 135918 60027 68276 7615 809946 357704 406864 45378 517602 237028 252923 27651 89491 2045 87446 36450 36450 48000 48000 424246 307421 116825 87736 81064 6672 157537 156943 594 343687 229136 108422 6129 3320945 3320945 23617 9788 11450 2379 7944 6450 1494 2781782 2781782 309320 287358 19759 2203 CONSTRUCTION EXPENSE - 89084191 89084191 CATERING SERVICE FEE 9312562 9312562 REVENUE SHARING - STADI 5413249 5413249 TICKET EXPENSE 3244207 3244207 9924103 9902091 9818 12194 133542829 127484654 5423780 634395 10486039 17511093 100271827 69669609 16377673 27398823 907980 1190862 57753264 39827475 16351380 17925789 14226050 28144053 14259 140309 158635208 161980538 21079613 22486443 2764106 4870959 1440402 89670243 88770371 114954364 116127773 X 0 0 19186690 19186690 24494154 26666075 43680844 45852765 158635208 161980538 2530319 -358398 0 X 0 1 X 1 0 X 6956532 4713299 3075795 14696163 6726482 36168271 38572213 40168680 20864619 21001652 38293683 158900847 45528745 44881979 23940414 35697815 45020165 195069118 0 0 0 195069118 505135 1033890 764831 150763 155282 2609901 505135 1033890 764831 150763 155282 2609901 46033880 45915869 24705245 35848578 45175447 197679019 0.98680 0.98590 0.01320 0.01410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48000 48000 133494829 133542829 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 48000 48000 46813 48000 190813 250000 250000 250000 250000 1000000 1500000 10079196 10079196 0 29458936 14910343 14548593 15710886 13230292 2480594 2504246 1607644 896602 17925789 BROKERED CERT OF DEPOSIT 490511 F CORPORATE BONDS 8822032 F COMMERCIAL PAPER 6942383 F US TREASURY SECURITIES 11889127 F 28144053 RIVERFRONT CAPITAL RESERVE FUND 1895792 STADIUM CAPITAL RESERVE FUND 5325122 PROJECT ADVANCES - CONSTRUCTION & OPERATING 69781977 OTHER LIABILITIES 393371 CWS STADIUM FUND 11269932 LEASE LIABILITY 104177 88770371 X 135714750 -358398 -358398 136073148 0 136073148 133542829 0 133542829 0 133542829 PART X, LINE 2: MECA IS A TAX EXEMPT 501(C)(3) NONPROFIT CORPORATION. IN APRIL 2006, MECA RECEIVED A FAVORABLE RULING FROM THE INTERNAL REVENUE SERVICE (IRS) IN RESPONSE TO A PRIVATE LETTER RULING REQUEST IN JULY 2003. THE RULING FOUND THAT MECA IS LESSENING THE BURDENS OF THE CITY BY MANAGING THE OPERATIONS OF THE FACILITY. AS A RESULT OF THIS FINDING, THE IRS DETERMINED THAT THE REVENUES DERIVED FROM THE FACILITY'S OPERATIONS ARE NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX. MECA ALSO OPERATES IN ACCORDANCE WITH THE FINDINGS OF THIS RULING AS IT PERTAINS TO THE OPERATIONS OF CHARLES SCHWAB FIELD OMAHA. MECA FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IN THE U.S. FEDERAL AND STATE JURISDICTIONS. AS OF JUNE 30, 2022 AND 2021, MECA HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR DISCLOSURE IN THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES TAX YEARS SUBSEQUENT TO 2018 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 ROGER DIXON PRESIDENT/CEO 481195 0 0 0 18232 0 8700 0 29787 0 537914 0 0 0 TOM O'GORMAN VP CORPORATE SALES & 242561 0 0 0 0 0 6965 0 29786 0 279312 0 0 0 CLAIRE ALT VP HUMAN RESOURCES 128480 0 0 0 0 0 3839 0 20579 0 152898 0 0 0 DENISE NIEBRUGGE VP CONVENTION SALES 126376 0 0 0 0 0 3781 0 29685 0 159842 0 0 0 KEVIN RAYMOND VP OPERATIONS & IT 212156 0 0 0 0 0 6078 0 18691 0 236925 0 0 0 DIANE MILLS CFO 193798 0 0 0 0 0 5804 0 29753 0 229355 0 0 0 PART I, LINE 1A CLUB DUES WERE PAID ON BEHALF OF ROGER DIXON TO A GOLF COUNTRY CLUB. A PORTION OF THE AMOUNTS PAID WERE INCLUDED IN MR. DIXONS TAXABLE INCOME BASED ON PERCENTAGE OF PERSONAL USE. PART I, LINE 3 THE BOARD OF DIRECTORS HAS APPOINTED TWO MEMBERS TO THE INTERNAL GOVERNANCE COMMITTEE. THAT COMMITTEE REVIEWS AND APPROVES ALL COMPENSATION. COMPENSATION IS APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS. SUCH REVIEW, INCLUDING DELIBERATIONS AND DECISIONS REGARDING COMPENSATION, ARE DOCUMENTED. PART I, LINE 4B ROGER DIXON - $18,232 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR LEGAL SERVICES 0 SCHEDULE L, PART V - ADDITIONAL INFORMATION THE ORGANIZATION PAYS A SUBSTANTIAL CONTRIBUTOR FOR LEGAL SERVICES. FORM 990, PART III, LINE 4A - ADDITIONAL INFORMATION MECA BEGAN FISCAL 2022 WITH THE ABILITY TO ONCE AGAIN HOST LARGE GATHERINGS AFTER WEATHERING RESTRICTIONS SUCH AS SOCIAL DISTANCING AND LIMITED CAPACITIES THROUGHOUT THE COVID-19 PANDEMIC. AS THE INFECTION RATE FELL, AND VACCINATIONS BECAME WIDELY AVAILABLE, THESE REQUIREMENTS WERE EVENTUALLY LIFTED. AND FORTUNATELY, BUSINESS AT MECA MANAGED FACILITIES HAS STEADILY RETURNED TO PRE-PANDEMIC LEVELS. HE WAS THE FIRST SHOW TO BE CANCELED AT THE CHI HEALTH CENTER IN MARCH OF 2020 AND LAST FISCAL YEAR, COUNTRY MUSIC STAR BLAKE SHELTON WAS FINALLY ABLE TO PERFORM FOR HIS OMAHA FANBASE IN AUGUST OF 2021. APPROPRIATELY, SHELTON KICKED OFF THE REMAINDER OF HIS RESCHEDULED DATES IN OMAHA IN FRONT OF A SOLD-OUT AUDIENCE. A FULL LINE-UP OF HEADLINERS FOLLOWED SUIT INCLUDING THE EAGLES, BILLIE EILISH, JAMES TAYLOR, AND JACKSON BROWNE, ALL OF WHOM HAD SPECIAL COVID-19 ENTRY REQUIREMENTS. FISCAL 2021-2022 ALSO WELCOMED ACTS SUCH AS REBA MCENTIRE, ERIC CHURCH, MORGAN WALLEN, BON JOVI, KID ROCK AND SANTANA. AFTER A TWO-YEAR HIATUS, THE CHI HEALTH CENTER SAW THE HIGHLY ANTICIPATED RETURN OF THE ANNUAL BERKSHIRE HATHAWAY SHAREHOLDER'S MEETING IN MAY OF 2022, BRINGING AN ENTHUSIASTIC INTERNATIONAL AUDIENCE BACK TO DOWNTOWN OMAHA. THE CHI HEALTH CENTER CONVENTION CENTER CONTINUED TO DRAW CONSISTENT BUSINESS IN FISCAL 2021-2022, WELCOMING OVER 182 THOUSAND GUESTS WHO UTILIZED MECA'S MEETING AND EXHIBITION SPACES. A TOTAL OF 174 EVENT DAYS CONSISTED OF 32 CITYWIDE EVENT DAYS, 25 CONSUMER SHOW EVENT DAYS AND 117 OTHER EVENTS TO INCLUDE SOME SMALL-FORMAT MEETINGS AND INTIMATE IN-PERSON GATHERINGS. THE CONVENTION CENTER TEAM CONTINUES TO EARN REPEAT AND MULTI-YEAR BUSINESS, BOOKING INTO 2026 AND BEYOND. INTEREST IN MECA'S CONVENTION SPACE WILL ONLY CONTINUE TO GROW AS THE RIVERFRONT PARKS COME ONLINE, ALONG WITH SEVERAL OTHER DOWNTOWN OMAHA PROJECTS AND AMENITIES PIQUING THE INTEREST OF MEETING PLANNERS ACROSS THE COUNTRY. DOWNTOWN OMAHA'S BALLPARK RECEIVED ITS NEW NAME IN 2022 AFTER CHARLES SCHWAB CORPORATION ACQUIRED TD AMERITRADE IN 2020. REBRANDING EFFORTS FOR CHARLES SCHWAB FIELD OMAHA LAUNCHED IN EARLY 2022, WITH THE SUCCESSFUL GOAL OF COMPLETING EXTERIOR SIGNAGE TRANSITIONS BEFORE THE MEN'S COLLEGE WORLD SERIES (MCWS) IN JUNE. INTERIOR DETAILS CONTINUE TO BE THE FOCUS OF THIS CURRENT FISCAL YEAR. ALONG WITH THE MCWS, CHARLES SCHWAB FIELD OMAHA IS ALSO HOME FIELD FOR THE CREIGHTON BLUEJAY'S BASEBALL TEAM AND ONCE AGAIN HOSTED THE BIG TEN BASEBALL TOURNAMENT IN FISCAL 2021- 2022. THE BALLPARK ALSO ENJOYED A SLIGHT CHANGE OF PACE THIS SUMMER, HOSTING OMAHA'S RALLY FOR RESPONDERS, AN EVENT INTENDED TO THANK ESSENTIAL WORKERS FOR THEIR EFFORTS DURING THE COVID-19 PANDEMIC. TO END MECA'S FISCAL YEAR, THE 2022 MCWS BROUGHT IN RECORD-BREAKING ATTENDANCE NUMBERS WHEN THE OLE MISS REBELS CLINCHED THEIR FIRST NATIONAL TITLE OVER THE OKLAHOMA SOONERS. EACH TEAM BENEFITED FROM A LARGE TRAVELING CONTINGENCY, ROUNDING OUT ANOTHER EXCITING BASEBALL SEASON. MECA'S NEWEST VENTURE, THE MECA TRI-PARK COMPLEX, LLC (COMMONLY KNOWN AS "THE RIVERFRONT"), COMMENCED PUBLIC OPERATIONS ON THE FIRST DAY OF THE FISCAL YEAR. GENE LEAHY MALL IS THE FIRST OF THE RIVERFRONT'S THREE PARKS TO BE COMPLETED AFTER ABOUT THREE YEARS OF CONSTRUCTION. ITS GRAND OPENING CELEBRATION WAS COMMENCED DURING A FOUR-DAY CELEBRATION ON JULY 1, 2022, WHERE AN ESTIMATED 50 THOUSAND PEOPLE VISITED THE PARK. ALONG WITH ROBUST PROGRAMMING AND FREE ACTIVITIES, LIVE ENTERTAINMENT AT GENE LEAHY MALL'S PERFORMANCE PAVILION INCLUDED BROADWAY STAR KRISTEN CHENOWETH, COUNTRY MUSIC SINGERS BRETT ELDREDGE AND LAUREN ALAINA, A UNO THEATRE PRODUCTION OF FAME THE MUSICAL AND A THEMED PERFORMANCE FROM THE OMAHA SYMPHONY EACH OF WHICH WERE FREE FOR PUBLIC ATTENDANCE. SINCE REOPENING IN EARLY JULY, ROUGH DATA SUGGESTS THAT CLOSER TO 375 THOUSAND PEOPLE WILL HAVE COME TO GENE LEAHY MALL BY THE NEW YEAR. ULTIMATELY, FISCAL 2021-2022 PRODUCED A $5 MILLION PROFIT FOR MECA BEFORE DEPRECIATION. THIS PROFIT INCLUDES PPP LOAN FORGIVENESS FOR A TOTAL OF $1.4 MILLION. VARIOUS FEDERAL, STATE AND LOCAL COVID-19 RELIEF PROGRAMS HAVE HELPED MECA EMERGE FROM THE PANDEMIC WITHOUT COMPLETELY DEPLETING ITS RESERVES. YEAR NET PROFIT DEPRECIATION NET (LOSS) BEFORE PROFIT AFTER DEPRECIATION DEPRECIATION 2022 $4,954,000 $2,782,000 $2,172,000 2021 $8,328,000 $2,990,000 $5,338,000 2020 $178,000 $2,890,000 ($2,712,000) 2019 $4,580,000 $2,924,000 $1,656,000 2018 $5,679,000 $3,403,000 $2,276,000 SUCCESSFULLY MANAGING MECA'S RESERVES IN THIS POST PANDEMIC LANDSCAPE REMAINS MORE CRUCIAL THAN EVER. THE AUTHORITY'S STANDING HISTORY OF PROFITABILITY AND ITS BUILDUP OF CAPITAL RESERVES HELPED TO SUSTAIN MECA DURING THE COVID-19 PANDEMIC'S EXTENDED FINANCIAL DISRUPTION. MECA'S BOARD-DESIGNATED CAPITAL RESERVE BALANCES AS OF JUNE 30, 2022, AND JUNE 30, 2021, WERE $18,870,150 AND $11,491,814, RESPECTIVELY. SEE PAGE 19 OF THE NOTES TO FINANCIAL STATEMENTS" FOR A COMPLETE DISCUSSION OF HOW THE RESERVES ARE FUNDED. FORM 990, PART VI, SECTION B, LINE 11B MECA PROVIDES EACH DIRECTOR A COPY OF THE THEN-CURRENT INSTRUCTIONS TO FORM 990 ON AN ANNUAL BASIS. PRIOR TO FILING A FINAL FORM 990 WITH THE IRS, MECA PROVIDES EACH DIRECTOR WITH A DRAFT OF THE FORM 990. MECA RESPONDS TO ANY QUESTIONS, SUGGESTIONS, AND RECOMMENDATIONS OF THE DIRECTORS AND MAKES ANY SUBSEQUENT REQUIRED CHANGES. FORM 990, PART VI, SECTION B, LINE 12C MECA PROVIDES EACH DIRECTOR A COPY OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. EACH DIRECTOR SIGNS A CERTIFICATE OF COMPLIANCE ACKNOWLEDGING THAT THEY HAVE RECEIVED AND READ THE POLICY AND THAT THEY ARE IN COMPLIANCE WITH THE POLICY. IN ADDITION EACH DIRECTOR IS REQUIRED TO DISCLOSE ANNUALLY THOSE RELATIONSHIPS THAT ARE REQUIRED TO BE REPORTED ON SCHEDULE L OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS APPOINTED TWO MEMBERS TO THE INTERNAL GOVERNANCE COMMITTEE. THAT COMMITTEE REVIEWS AND APPROVES ALL COMPENSATION. COMPENSATION IS APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS. SUCH REVIEW, INCLUDING DELIBERATIONS AND DECISIONS REGARDING COMPENSATION, ARE DOCUMENTED. THE BOARD OF DIRECTORS HAS APPOINTED TWO MEMBERS TO THE COMPENSATION COMMITTEE. THAT COMMITTEE REVIEWS AND APPROVES ALL COMPENSATION. COMPENSATION IS APPROVED USING DATA AS TO COMPARABLE POSITIONS. SUCH REVIEW, INCLUDING DELIBERATIONS AND DECISIONS REGARDING COMPENSATION, IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC IF THEY INCLUDE PRIOPRIETARY INFORMATION.