2023-12-20T15:29:03-06:00 2023-06-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2022-07-01 581320590 TENNESSEE PERFORMING ARTS CENTER (TPAC) MANAGEMENT CORPORATION TENN 6157824000 505 DEADERICK STREET 3RD FLOOR NASHVILLE TN 37243 JENNIFER TURNER PRESIDENT & CEO 6157824000 2023-12-20 1 JENNIFER TURNER 999009999 1 FRANCES E LEAHY P00713593 6152427351 2023-12-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER TURNER 505 DEADERICK STREET 3RD FLOOR NASHVILLE TN 37243 31106478 0 X WWW.TPAC.ORG X 1977 TN CREATE EXPERIENCES THROUGH PERFORMING ARTS; PROVIDE ARTS ENTERTAINMENT/EDUCATION TO TN 28 28 362 125 10646 4715 10957841 5280610 13392162 21611108 -581039 269192 2116400 3245825 25885364 30406735 0 0 0 0 7267646 8333575 0 0 1069699 14518459 20021243 21786105 28354818 4099259 2051917 35782071 36779579 17031316 15975348 18750755 20804231 X TO PROVIDE FACILITIES, SERVICES, AND PROGRAMS OF THE HIGHEST QUALITY FOR THE GREATEST BENEFIT OF THE PEOPLE, INSTITUTIONS, AND COMMUNITIES OF THE STATE, AND TO TAKE A LEADERSHIP ROLE IN FOSTERING THE PERFORMING ARTS, ARTS EDUCATION, RESIDENT ART GROUPS AND OTHER ARTS ORGANIZATIONS. 0 0 22639761 24818932 TPAC ENTERED INTO AN AGREEMENT WITH THE STATE OF TENNESSEE & THE TENNESSEE PERFORMING ARTS FOUNDATION IN 1978. THE INITIAL AGREEMENT ESTABLISHED TPAC PRINCIPALLY FOR THE PURPOSE OF PRESENTING QUALITY ARTS ENTERTAINMENT & EDUCATION TO TENNESSEE RESIDENTS THROUGH THE OPERATION OF THE TENNESSEE PERFORMING ARTS CENTER. TPAC HAS ADMINISTRATIVE CONTROL OVER THE OPERATIONS AND FUNCTIONS OF THE FOUR THEATERS LOCATED IN TWO BUILDINGS IN DOWNTOWN NASHVILLE. IN ADDITION TO ITS ROLE WITH THE STATE OF TENNESSEE, TPAC OPERATES SEVERAL PROGRAM INITIATIVES INCLUDING SEVEN ARTS EDUCATION PROGRAMS, PUBLIC OFFERINGS SUCH AS A BROADWAY SERIES, CONCERTS, COMEDY SHOWS, ETC. ADDITIONALLY, TPAC RENTS ITS FACILITIES TO THREE PERFORMING ARTS RESIDENT COMPANIES - THE NASHVILLE OPERA ASSOCIATION, NASHVILLE BALLET, AND THE NASHVILLE REPERTORY THEATRE, ALL THREE OF WHICH ARE NON-PROFIT ORGANIZATIONS. TPAC ALSO RENTS ITS FACILITIES TO OUTSIDE PROMOTERS FOR EVENTS IN WHICH THE PROMOTERS ARE AT RISK, AND TO THE STATE OF TENNESSEE (WITH RENT WAIVED) FOR STATE EVENTS. TO SUPPORT PUBLIC PROGRAMMING, TPAC OPERATES ITS OWN TICKETING SERVICES. TPAC SUPPORTS ITS MISSION OF PROVIDING ARTS, CULTURE AND EDUCATION FOR THE COMMUNITY BY FUNDRAISING FROM INDIVIDUALS, CORPORATIONS, GOVERNMENT AND FOUNDATIONS. 273043 75801 DURING THE 2023 FISCAL YEAR, THE SEASON FOR YOUNG PEOPLE (PREVIOUSLY CALLED HUMANITIES OUTREACH IN TENNESSEE) PRESENTED PROFESSIONAL PERFORMANCES OF THEATER, DANCE AND MUSIC FOR STUDENT AUDIENCES. THE SEASON INCLUDED LIVE PERFORMANCES AT TPAC AS WELL AS VIRTUAL PERFORMANCES AVAILABLE FOR STUDENTS TO VIEW REMOTELY FROM THEIR CLASSROOM. TPAC ALSO PROVIDED INTERACTIVE VIRTUAL WORKSHOPS FOR EDUCATORS AND ARTIST DISCUSSIONS WITH STUDENTS. DURING THE 2022-2023 ACADEMIC YEAR, 23,193 STUDENTS AND TEACHERS FROM 203 SCHOOL GROUPS ATTENDED SEASON FOR YOUNG PEOPLE PERFORMANCES (46,456 STUDENTS AND TEACHERS FROM 429 SCHOOL GROUPS DURING THE 2021-2022 ACADEMIC YEAR). 106693 DISNEY MUSICALS IN SCHOOLS ("DMIS") DEVELOPS SUSTAINABLE MUSICAL THEATRE PROGRAMS IN PUBLIC ELEMENTARY AND MIDDLE SCHOOLS. THE PROGRAM PROVIDES SCHOOL FACULTY WITH THE TRAINING AND TOOLS NECESSARY TO SUPPORT STUDENT PERFORMANCE AND PRODUCTION AND TO EMPOWER THEM TO DO SO. PARTICIPATING SCHOOLS RECEIVE (AT NO COST) A PERFORMANCE LICENSE TO ANY DISNEY KIDS MUSICAL, SHOWKIT MATERIALS, INCLUDING DIRECTORS' GUIDES, STUDENT SCRIPTS, ACCOMPANIMENT AND VOCAL CDS AND A CHOREOGRAPHY DVD, AND CROSS-CURRICULAR ACTIVITIES. SCHOOLS ALSO RECEIVE SUPPORT FROM TEAMS OF TWO TPAC TEACHING ARTISTS DURING AFTER-SCHOOL RESIDENCIES THAT RUN FOR 20 WEEKS. IN 2022-2023 DMIS TEACHING ARTIST RESIDENCIES TOOK PLACE IN SEVEN SCHOOLS IN MNPS/DAVIDSON AND BEDFORD COUNTIES. EIGHT ADDITIONAL SCHOOL TEAMS COMPLETED DISNEY MUSICALS WITH STUDENTS BASED ON THE DMIS PROGRAM MODEL UNDER THEIR OWN DIRECTION. INCLUDING THE STUDENT SHARE DAY AT TPAC, 1,243 STUDENTS AND TEACHERS PARTICIPATED IN DMIS IN 2022-2023. (IN 2021-2022, 880 STUDENTS AND TEACHERS PARTICIPATED IN DMIS.) 33282 0 TPAC'S WOLF TRAP EARLY LEARNING THROUGH THE ARTS PROGRAM BRINGS ARTS-BASED CLASSROOM RESIDENCIES TO PRESCHOOLS AND HEAD START CENTERS. TEACHING ARTISTS AND TEACHERS USE ARTS INSTRUCTION TO TARGET EARLY CHILDHOOD DEVELOPMENTAL GOALS AND HELP CHILDREN LEARN. THE NUMBER OF IN-PERSON RESIDENCY VISITS WITH TEACHING ARTISTS WAS REDUCED OR MODIFIED FOR VIRTUAL OR OUTDOOR INTERACTION TO RESPOND TO THE LEARNING REQUIREMENTS AND HEALTH AND SAFETY PROTOCOLS OF EACH INDIVIDUAL CENTER. A TOTAL OF 761 CHILDREN AND TEACHERS PARTICIPATED IN WOLF TRAP IN 2022-2023 AT NO CHARGE TO THEM (941 CHILDREN AND TEACHERS IN 2021-2022). 20725 2540 INSIDEOUT PROGRAM ACTIVITIES PROVIDE OPPORTUNITIES FOR ADULTS WHO WANT TO GROW IN THEIR KNOWLEDGE AND ENJOYMENT OF THE PERFORMING ARTS. EVENTS AT TPAC, IN COMMUNITY LOCATIONS, AND THROUGH VIRTUAL OPTIONS PROVIDED OPPORTUNITIES FOR AUDIENCES OF ALL AGES TO INTERACT WITH THE PERFORMING ARTS. 1,958 LIFE-LONG LEARNERS VIEWED AND PARTICIPATED IN TPAC'S EDUCATION AND COMMUNITY ENGAGEMENT PUBLIC PROGRAMMING IN 2022-2023. VIRTUAL AND IN-PERSON PANEL DISCUSSIONS AND PRESENTATIONS HIGHLIGHTED LOCAL ARTS AND COMMUNITY GROUPS; CLASSES EXPLORED MUSICAL THEATER, DANCE AND ACTING, AND WEBINARS AND PODCASTS REACHED REMOTE PARTICIPANTS. (4,132 INDIVIDUALS PARTICIPATED IN INSIDEOUT DURING 2021-2022). 42640 15000 ARTS INTEGRATION PROGRAMS IN SCHOOLS (WORKING TITLE) WAS LAUNCHED IN 2021 FOLLOWING THE DISCONTINUATION OF THE ARTSMART PROGRAM. THIS INITIATIVE SUPPORTS MULTI-YEAR PARTNERSHIPS PLANNED WITH A LIMITED NUMBER OF SCHOOLS IN A WHOLE-SCHOOL MODEL. ONE SCHOOL ENGAGED IN A WHOLE-SCHOOL PARTNERSHIP IN 2022-23. A TOTAL OF 400 STUDENTS AND TEACHERS AT WARNER ELEMENTARY PARTICIPATED IN ARTS INTEGRATED RESIDENCIES AND PROFESSIONAL DEVELOPMENT PROVIDED BY TPAC IN 2022-2023 (337 STUDENTS AND TEACHERS AT WARNER ELEMENTARY PARTICIPATED IN 2021-2022). 62871 27128 THE SPOTLIGHT AWARDS CELEBRATES, SUPPORTS, AND GROWS THE ARTISTRY AND CAPACITY OF HIGH SCHOOL MUSICAL THEATRE PROGRAMS IN TENNESSEE. THROUGH THE PROGRAM, HIGH SCHOOL THEATRE STUDENTS AND TEACHERS PARTICIPATE IN WORKSHOPS AND DEVELOPMENT OPPORTUNITIES WITH THEATRE PROFESSIONALS, AND THEIR SCHOOL MUSICALS ARE EVALUATED BY A DIVERSE PANEL OF ADJUDICATORS. THE PROGRAM CULMINATES IN MAY WHEN EXEMPLARY WORK IS RECOGNIZED WITH THE SPOTLIGHT AWARDS CEREMONY AT TPAC, WHERE THE TOP CONTENDERS FOR "OUTSTANDING MUSICAL" PERFORM AND HONORS ARE PRESENTED IN A VARIETY OF CATEGORIES, INCLUDING "OUTSTANDING LEAD ACTOR AND "OUTSTANDING LEAD ACTRESS." THE RECIPIENTS OF THESE TWO AWARDS THEN MOVE ON TO NATIONAL CONSIDERATION FOR THE JIMMY AWARDS IN NEW YORK. IN 2022-2023, 44 HIGH SCHOOLS AND 3,738 STUDENTS PARTICIPATED IN THE PROGRAM, INCLUDING MORE THAN 1,800 ATTENDING THE LIVE SPOTLIGHT AWARDS CEREMONY AT TPAC. (IN 2021-2022, 27 HIGH SCHOOLS AND MORE THAN 1,500 STUDENTS PARTICIPATED IN SPOTLIGHT ACTIVITIES PROVIDED BY TPAC.) 52416 58430 CAMPS & ADVENTURES WERE LAUNCHED IN 2022-2023 TO BUILD INTEREST AND ENGAGEMENT IN THE PERFORMING ARTS FOR FAMILIES AND YOUTH. TPAC'S SUMMER MUSICAL THEATER CAMPS STARTED IN JULY OF 2022. SIX WEEK-LONG CAMPS IMMERSED CHILDREN AGED 8-11 IN MUSICAL THEATER PERFORMANCE AND TRADITIONS IN JULY 2022 AND JUNE 2023. ARTS ADVENTURES PROVIDED 90-MINUTE IMMERSIVE WORKSHOPS FOR YOUTH ON A SERIES OF WEEKENDS IN TPAC'S JOHNSON THEATER. TPAC'S CAMPS AND ADVENTURES REACHED 329 YOUTH AND FAMILIES IN 2022-2023. 211934 103098 23231431 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 172 0 1 362 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 TN X JULIE GILLEN CFO 6157824033 505 DEADERICK STREET 3RD FLOOR NASHVILLE TN 37243 DR PHILIP WENK CHAIR 2.00 X X 0 0 0 STEVE MASON DIRECTOR 0.50 X 0 0 0 RONALD L CORBIN DIRECTOR 0.50 0.30 X 0 0 0 JIM SCHMITZ VICE CHAIR 2.00 X X 0 0 0 CLAIRE W TUCKER DIRECTOR 0.50 X 0 0 0 TODD SHIPLEY DIRECTOR 0.50 X 0 0 0 ANSEL L DAVIS DIRECTOR 0.50 X 0 0 0 EMANUEL J EADS DIRECTOR 0.50 X 0 0 0 ALEXIA POE DIRECTOR 0.50 X 0 0 0 MARTHA R INGRAM DIRECTOR 0.50 X 0 0 0 ANDREW TAVI DIRECTOR 0.50 X 0 0 0 J REGINALD HILL TREASURER 2.00 0.30 X X 0 0 0 SHEILA GIBSON SECRETARY 2.00 X X 0 0 0 TRACY KANE IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 MELVIN MALONE DIRECTOR 0.50 X 0 0 0 ROBERT M HEBERT JR DIRECTOR 0.50 0.30 X 0 0 0 NATHAN POSS DIRECTOR 0.50 X 0 0 0 RHONDA TAYLOR DIRECTOR 0.50 X 0 0 0 GAIL WILLIAMS DIRECTOR 0.50 X 0 0 0 KEVIN HARTLEY DIRECTOR 0.50 X 0 0 0 VICTOR BERRIOS DIRECTOR 0.50 X 0 0 0 HARRY ALLEN DIRECTOR 0.50 X 0 0 0 ADAM SANSIVERI DIRECTOR 0.50 X 0 0 0 DON HARDIN DIRECTOR 0.50 X 0 0 0 JOY HEINRICHS DIRECTOR 0.50 X 0 0 0 DEBBIE HOLLENSTEIN DIRECTOR 0.50 X 0 0 0 CYBELE RAVER DIRECTOR 0.50 X 0 0 0 DR CHRISTOPHER REHM DIRECTOR 0.50 X 0 0 0 JENNIFER TURNER PRESIDENT & CEO 40.00 0.30 X 353957 0 18631 JULIE GILLEN CFO 40.00 1.00 X 178847 0 18734 DENISE MINATOYA COO 40.00 X 160322 0 17341 JAMES TIMM MANAGING DIRECTOR & CHIEF ADMINISTRATIVE OFFICER 40.00 X 230952 0 16872 DR MARY CLARK END 52023 CHIEF DIVERSITY & INCLUSION OFFICER 40.00 X 156907 0 13393 ROBERTA CIUFFO EVP FOR EDUCATION & COMMUN 40.00 X 139818 0 16439 JEFF CONDON VP OF INFORMATION TECHNOLO 40.00 X 130502 0 23599 KIM MARRONE VP OF HUMAN RESOURCES 40.00 X 102091 0 13676 1453396 0 138685 8 0 1 0 ANGELICA TOUR LLC 1501 BROADWAY 24TH FL NEW YORK NY 10036 PRODUCER 3393089 NASHVILLE BALLET 3630 REDMON STREET NASHVILLE TN 37209 TENANT 1545249 THE JOHN GORE ORGANIZATION INC 1619 BROADWAY 9TH FL NEW YORK NY 10019 PRODUCER 1339857 SIX BOLEYN TOUR LLC 561 7TH AVE 3RD FL NEW YORK NY 10018 PRODUCER 883080 NASHVILLE TALENT PAYMENT 5111 PRINCE PHILLIP COVE BRENTWOOD TN 37207 THEATRICAL STAGE EMPLOYEE UNION 750284 39 426770 841794 1124593 2887453 55213 5280610 TICKET SALES 711110 16397284 16397284 TICKET SERVICE CHG/FEES 711110 3977630 3977630 REIMBURSEMENTS 711110 1236194 1236194 21611108 288197 288197 413280 57704 0 47058 413280 10646 423926 413280 10646 19005 -19005 -19005 -19005 98499 426770 250043 -151544 -151544 2011496 383637 1627859 1627859 SALES TAX REBATE 711110 1172945 1172945 OTHER INCOME 711110 172639 172639 1345584 30406735 24997831 10646 117648 1298967 1236629 62338 5786429 4910048 555162 321219 49084 49084 665360 665360 533735 387420 117074 29241 363108 363108 52250 52250 30700 30700 613762 211342 73482 328938 857436 854615 1000 1821 996781 798481 152917 45383 213029 177415 29639 5975 1590 1590 695137 436733 237958 20446 223000 58154 164846 ARTIST FEES 10157678 10157678 CONTRACT LABOR 1885852 1861637 24215 PROMOTER PROFIT SHARING 1517483 1517483 REPAIRS & MAINTENANCE 914222 759868 154354 1499215 1100557 168535 230123 28354818 23231431 4053688 1069699 27000 26500 26660796 28196488 3913623 2695092 660598 1064618 32086 44845 443755 406391 11902256 7574579 4026388 4327677 13344 14902 4481 3066 35782071 36779579 2043033 1893429 13877525 13042940 39522 22503 1071236 1016476 17031316 15975348 X 18200732 20369213 550023 435018 18750755 20804231 35782071 36779579 2051917 1559 0 X X 0 1 X 1 1 1 X 3850085 3234989 11564387 10957841 5280610 34887912 19400417 23229056 118266 14815173 24035883 81598795 23250502 26464045 11682653 25773014 29316493 116486707 113720 138072 103191 130367 160917 646267 0 113720 138072 103191 130367 160917 646267 115840440 155 202 174 515 288197 289243 130936 54628 25602 57704 268870 131091 54830 174 26117 345901 558113 1079522 1334972 81907 1013130 1345584 4855115 24461115 27853847 11764734 26812261 31007978 121899935 0.95030 0.95080 0.00460 0.00280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 30700 0 0 30700 0 PART II-B, LINE 1: TPAC ENGAGED THE SERVICES OF JOHNSON/POSS TO HELP SUPPORT TPAC'S EFFORTS OF ENGAGING WITH THE APPROPRIATE STATE PERSONNEL TO MANAGE OUR TENANT RELATIONSHIP OF THE STATE-OWNED SPACES THAT TPAC MANAGES. 4925139 3252079 1673060 6249155 4322500 1926655 727962 727962 4327677 DEPOSITS AND OTHER 1016476 1016476 X 31831379 1559 742349 743908 31087471 -680736 -680736 30406735 29777903 742349 680736 1423085 28354818 0 28354818 PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES -250,041. UNRELATED BUSINESS INCOME - RENTAL EXPENSES -47,058. CONCESSION SUPPLIES EXPENSE -383,637. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 250,041. UNRELATED BUSINESS INCOME - RENTAL EXPENSES 47,058. CONCESSION SUPPLIES EXPENSE 383,637. TPAC GALA 407009 340465 66544 22340 44205 128185 FAMILY DAY 118260 86305 31955 16258 15697 23358 525269 426770 98499 38598 59902 151543 250043 -151544 X X X X 0 1 0 0 0 0 0 1 0 JENNIFER TURNER PRESIDENT & CEO 316905 0 37052 0 0 0 0 0 18631 0 372588 0 0 0 JAMES TIMM MANAGING DIRECTOR & CHIEF ADMINISTRA 207468 0 23484 0 0 0 0 0 16872 0 247824 0 0 0 JULIE GILLEN CFO 159965 0 18882 0 0 0 0 0 18734 0 197581 0 0 0 DENISE MINATOYA COO 155672 0 4650 0 0 0 0 0 17341 0 177663 0 0 0 DR MARY CLARK END 52023 CHIEF DIVERSITY & INCLUSION OFFICER 152407 0 4500 0 0 0 0 0 13393 0 170300 0 0 0 ROBERTA CIUFFO EVP FOR EDUCATION & COMMUN 135733 0 4085 0 0 0 0 0 16439 0 156257 0 0 0 JEFF CONDON VP OF INFORMATION TECHNOLO 126602 0 3900 0 0 0 0 0 23599 0 154101 0 0 0 PART I, LINE 4B IN 2019, TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION ENTERED INTO AN EMPLOYMENT AGREEMENT WITH JENNIFER TURNER, CEO. INCLUDED IN THIS AGREEMENT WAS A PAYMENT TO A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN THAT INCLUDES DEFERRED COMPENSATION. THERE WERE NO PAYMENTS TO THE PLAN DURING 2022. PART I, LINE 7 THE BOARD APPROVED A 3% BONUS FOR STAFF, EXCLUDING TPAC'S PRESIDENT & CEO WHO RECEIVED A CONTRACTUAL BONUS IN OCTOBER 2022 FOR HER WORK IN THE FISCAL YEAR ENDED 6/30/22. THERE WERE FOUR EMPLOYEES WHO WERE AWARDED A BONUS HIGHER THAN 3%. X 2 42043 COMPARABLE SALES X 2 1895 COST OF DONATED PROPERTY X MISCELLANEOUS 1 34175 COST OF DONATED PROP X DONATED LIQUOR 2 19143 COST OF DONATED PROP 0 0 1 PART I, COLUMN (B): PART I COLUMN (B) IS REPORTED USING THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: GIFTS OF STOCK ARE TO BE TRANSFERRED INTO AN ESTABLISHED BROKERAGE ACCOUNT OPERATED BY TPAC. IT IS THE POLICY OF TPAC TO IMMEDIATELY LIQUIDATE ALL GIFTS OF STOCK/SECURITIES. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING ORGANIZATIONS AND INDIVIDUALS HAVE THE ABILITY TO APPOINT TPAC'S GOVERNING BODY: THE TENNESSEE PERFORMING ARTS FOUNDATION - 8 POSITIONS THE TENNESSEE GOVERNOR - 5 POSITIONS TENNESSEE'S EDUCATION COMMISSIONER - 1 POSITION THE TENNESSEE ARTS COMMISSION - 6 POSITIONS THE TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION - 8 POSITIONS FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF FORM 990 BY THE EXTERNAL AUDITORS FOR TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION, IT WILL BE REVIEWED BY EITHER THE CFO OR DESIGNATED FINANCE DEPARTMENT STAFF MEMBERS AND THEN A REVIEW MEETING IS HELD THAT INCLUDES THE TPAC CEO, CFO, KEY FINANCE DEPARTMENT STAFF, EXTERNAL AUDIT TAX PREPARER, AUDIT COMMITTEE CHAIR AND/OR BOARD TREASURER. APPROPRIATE CHANGES MAY BE MADE AT ANY POINT IN THE REVIEW PROCESS PRIOR TO FILING FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO MARCH, 2020, COPIES OF THE CONFLICT OF INTEREST AND CONFIDENTIALITY POLICIES FOR THE BOARD OF DIRECTORS WERE DISTRIBUTED TO NEW BOARD MEMBERS DURING AN IN-PERSON ORIENTATION AND INCLUDED IN THE PRINTED MATERIALS PROVIDED AT EACH IN-PERSON BOARD MEETING WITH VIRTUAL AS AN OPTION. EACH FISCAL YEAR, ALL BOARD OF DIRECTORS WERE ASKED TO SIGN THE CONFLICT OF INTEREST POLICY, AND THOSE PAPER FORMS WERE KEPT ON FILE. IN RESPONSE TO COVID-19, TPAC BEGAN HOLDING VIRTUAL BOARD MEETINGS IN MARCH OF 2020. FROM THAT POINT FORWARD, THE POLICIES WERE DISTRIBUTED ELECTRONICALLY VIA EMAIL. DIRECTORS WERE ASKED TO ELECTRONICALLY ACCEPT THE POLICIES AND TO DISCLOSE ANY CONFLICTS OF INTEREST VIA A DIGITAL SURVEY. DIGITAL COPIES OF THESE SURVEY RESPONSES ARE KEPT ON FILE. FORM 990, PART VI, SECTION B, LINE 15A TPAC'S BOARD OF DIRECTORS HIRES THE ORGANIZATION'S CEO AND NEGOTIATES SUBSEQUENT EMPLOYMENT CONTRACTS. THE BOARD CHAIRMAN'S PROCESS FOR DETERMINING COMPENSATION FOR THE CEO IS BASED ON MULTIPLE CRITERIA: HISTORICAL SALARY RANGE FOR THE POSITION, SALARY SURVEY INFORMATION COMPILED ANNUALLY BY A RESEARCH FIRM FOR OUR SPECIFIC INDUSTRY (PACC - PEFORMING ARTS CENTER CONSORTIUM) AND AVAILABLE BUDGETARY RESTRAINTS. OTHER OFFICER COMPENSATION IS HANDLED SIMILARLY BY THE CEO. ALSO, TPAC HAS BEGUN TO USE SEARCH FIRMS WHEN RECRUITING FOR EXECUTIVE LEVEL POSITIONS; THE FIRMS HAVE BEEN HELPFUL WHEN DETERMINING, CONFIRMING OR RE-ASSESSING SALARY RANGES. FORM 990, PART VI, SECTION C, LINE 19 TPAC'S GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION. PURSUANT TO TENN CODE ANN SECTION 8-44-107, THE ACTIVITIES OF THE BOARD ARE OPEN TO THE PUBLIC AS IF IT WERE A GOVERNMENTAL AGENCY. SEE BELOW: 8-44-107. BOARD OF DIRECTORS OF PERFORMING ARTS CENTER MANAGEMENT CORPORATION - THE BOARD OF DIRECTORS OF THE TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION SHALL BE SUBJECT TO, AND SHALL IN ALL RESPECTS COMPLY WITH, ALL OF THE PROVISIONS MADE APPLICABLE TO GOVERNING BODIES BY THIS CHAPTER [OPEN MEETINGS LAW]. TPAC'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT WWW.GIVINGMATTERS.ORG. TPAC'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. TENNESSEE PERFORMING ARTS FOUNDATION 505 DEADERICK STREET NASHVILLE TN 37243 237272205 ENDOWMENT MGMT TO PROVIDE INCOME TO HELP DEFRAY THE OPERATING COSTS OF TPAC TN 501(C)(3) 509(A)(3) N/A 0 NASHVILLE INSTITUTE FOR THE ARTS 505 DEADERICK STREET NASHVILLE TN 37243 581387884 TN 501(C)(3) 509(A)(3) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 TENNESSEE PERFORMING ARTS FOUNDATION C 841794 CASH TENNESSEE PERFORMING ARTS FOUNDATION O