2022-08-12T17:56:58-05:00 2021-09-30 111986323 MARCUM LLP ONE SOUTHEAST THIRD AVE SUITE 1100 MIAMI FL 33131 990 2020-10-01 650353695 ADRIENNE ARSHT CENTER TRUST INC ADRI 7864682000 1300 BISCAYNE BLVD MIAMI FL 33132 THOMAS M BERGER VP & CFO 7864682000 2022-07-19 1 THOMAS BERGER 999009999 MICHAEL NOVAK P01074800 3059959600 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHANN ZIETSMAN 1300 BISCAYNE BLVD MIAMI FL 33132 35550513 0 X WWW.ARSHTCENTER.ORG X 1991 FL SEE SCHEDULE O 37 37 485 220 0 0 18207081 29713804 21424175 2823482 516689 2815395 139976 197832 40287921 35550513 0 0 0 0 11782798 9232544 0 0 1057868 24634562 12248781 36417360 21481325 3870561 14069188 27506866 40375100 10276793 9075839 17230073 31299261 X SEE SCHEDULE O FOR FULL MISSION STATEMENT 0 0 14172482 2802731 THE CENTER IS A SHOWCASE FOR THE FINEST IN ESTABLISHED AND DEVELOPING CULTURAL PROGRAMS. IT IS THE FOUNDATION ON WHICH ITS RESIDENT COMPANIES (FLORIDA GRAND OPERA, MIAMI CITY BALLET, AND NEW WORLD SYMPHONY) BUILD THEIR PROGRAMS AND EXTEND THEIR REACH. THE CENTER ALSO SERVES AS A LABORATORY FOR SMALLER, EMERGING ORGANIZATIONS BY PROVIDING FIRST CLASS ACCESSIBLE FACILITIES. PROGRAMMING INCLUDES BROADWAY MUSICALS; WORLD MUSIC AND DANCE; LATIN POP; CABARET; JAZZ; HOLIDAY SPECIALS; THEATRE; STAND-UP COMEDY; CLASSICAL MUSIC; AND MODERN DANCE. 1166883 20751 ARTS EDUCATION AND COMMUNITY ENGAGEMENT IS A MAJOR COMPONENT OF THE CENTER'S MISSION. THE CENTER HAS CREATED A STRONG, MULTI-FACETED INITIATIVE THAT ADDRESSES ARTS EDUCATION, BOTH IN SWEEPING COMPREHENSIVE WAYS (E.G. LEARNING THROUGH THE ARTS), AND IN FOCUSED, INDIVIDUALIZED EFFORTS (SUCH AS AILEYCAMP MIAMI). OVERALL APPROXIMATELY 50,000 K-12 STUDENTS IN MIAMI-DADE COUNTY PUBLIC SCHOOLS ARE IMPACTED BY THESE EFFORTS EVERY YEAR. 15339365 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 120 0 485 1 0 0 0 0 0 0 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X THOMAS M BERGER 7864682000 1300 BISCAYNE BLVD MIAMI FL 33132 AILEEN UGALDE CHAIRMAN 3.00 X X 0 0 0 RICHARD C MILSTEIN CHAIR-ELECT 3.00 X X 0 0 0 MATILDE AGUIRRE TREASURER 3.00 X X 0 0 0 PIERRE R APOLLON ASSISTANT TREASURER 3.00 X X 0 0 0 HILLIT MEIDAR-ALFI SECRETARY 3.00 X X 0 0 0 LUCILLE ZANGHI ASSISTANT SECRETARY 3.00 X X 0 0 0 IRA D HALL IMMEDIATE PAST CHAIR 3.00 X 0 0 0 RODNEY ADKINS DIRECTOR 3.00 X 0 0 0 J RICKY ARRIOLA DIRECTOR 3.00 X 0 0 0 DOROTHY BENDROSS-MINDINGALL DIRECTOR 3.00 X 0 0 0 DEMI BUSATTA CABRERA DIRECTOR 3.00 X 0 0 0 JARET L DAVIS DIRECTOR 3.00 X 0 0 0 AUDREY M EDMONSON DIRECTOR 3.00 X 0 0 0 MIKE EIDSON DIRECTOR 3.00 X 0 0 0 ALAN FEIN DIRECTOR 3.00 X 0 0 0 LAURIE FLINK DIRECTOR 3.00 X 0 0 0 KAREN FRYD DIRECTOR 3.00 X 0 0 0 SETH GORDON DIRECTOR 3.00 X 0 0 0 GERALD GRANT JR DIRECTOR 3.00 X 0 0 0 KRISTI JERNIGAN DIRECTOR 3.00 X 0 0 0 FLORENE LITTHCUT NICHOLS DIRECTOR 3.00 X 0 0 0 PER-OLOF LOOF DIRECTOR 3.00 X 0 0 0 JESSICA GARRETT MODKINS DIRECTOR 3.00 X 0 0 0 JOSEPH NATOLI DIRECTOR 3.00 X 0 0 0 JUMAANE N'NAMDI DIRECTOR 3.00 X 0 0 0 PAOLA PIERRE DIRECTOR 3.00 X 0 0 0 JORGE A PLASENCIA DIRECTOR 3.00 X 0 0 0 KRISTIN PODACK DIRECTOR 3.00 X 0 0 0 CARLOS ROSSO DIRECTOR 3.00 X 0 0 0 MARIO ERNESTO SANCHEZ DIRECTOR 3.00 X 0 0 0 ALEXANDER I TACHMES DIRECTOR 3.00 X 0 0 0 CAROLE ANN TAYLOR DIRECTOR 3.00 X 0 0 0 PENNY THURER DIRECTOR 3.00 X 0 0 0 JESUS TUNDIDOR DIRECTOR 3.00 X 0 0 0 JOSH WEINSTEIN DIRECTOR 3.00 X 0 0 0 LYNN WIENER DIRECTOR 3.00 X 0 0 0 MILES WILKIN DIRECTOR 3.00 X 0 0 0 THOMAS M BERGER VP AND CFO 50.00 X 166137 0 0 JOHANN ZIETSMAN PRESIDENT AND CEO 35.00 30.00 X 285732 256302 0 KENNETH HARRIS VP OF OPERATIONS 50.00 X 166345 0 0 ELIZABETH WALLACE VP OF PROGRAMMING 40.00 X 166274 0 0 VALERIE RILES VP OF BOARD & GOVERNANCE 40.00 X 156732 0 0 PATRICIA BRENNAN VP OF HUMAN RESOURCES 40.00 X 146490 0 0 GEORGIANA YOUNG VP OF MARKETING 40.00 X 123937 0 0 1211647 256302 0 7 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 956944 AKA COMMUNICATIONS LLC 21000 NW 38TH COURT MIAMI GARDENS FL 33055 VOICE & DATA CABLING SERVICES 105747 2 155000 26334755 3224049 339519 29713804 PROGRAMMING REVENUES 711190 1542170 1542170 VENUE RENTAL REVENUE 711190 1019095 1019095 BOX OFFICE FEES 711190 262217 262217 2823482 2815395 2815395 OTHER REVENUE 197832 197832 197832 35550513 3021314 0 2815395 560787 341228 193474 26085 7192778 4376660 2481544 334574 137763 83826 47529 6408 994562 605171 343129 46262 346654 210932 119597 16125 73450 49267 22569 1614 517240 346945 158931 11364 580148 515068 1415 63665 488704 85705 389002 13997 1582473 1582473 736707 736707 426607 349054 77553 MAINTENANCE AND REPAIRS 3271019 3271019 EVENT EXPENSES 1404644 1374131 21519 8994 SECURITY 1141382 1141382 MIAMI-DADE COUNTY COMMI 750000 664286 85714 1276407 342218 405409 528780 21481325 15339365 5084092 1057868 X 7442456 17125694 1137891 224223 4335762 5314188 312414 573842 11664768 9111164 2077773 2553604 12099041 14498336 101529 85213 27506866 40375100 1820356 2653038 6274415 6402801 2182022 0 20000 10276793 9075839 X 11443677 25771795 5786396 5527466 17230073 31299261 27506866 40375100 14069188 0 X 0 1 X 1 0 X 15026412 16115869 15969769 18207081 29713804 95032935 15026412 16115869 15969769 18207081 29713804 95032935 95032935 363888 476746 33134 516689 2815395 4205852 585489 331629 444025 139976 197832 1698951 100937738 0.94150 0.95260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12511295 155000 2815395 553432 14928258 11744718 803892 513321 550636 12511295 12073973 168623 33134 531012 11744718 11475215 189066 910676 500984 12073973 10516337 67993 1399469 508584 11475215 0.69731 0.30269 0 0 5420628 4281452 1139176 3015978 2566292 449686 3228162 2263420 964742 2553604 DUE TO ADRIENNE ARSHT CENTER FOUNDATION, INC. 20000 20000 X 35550513 0 35550513 0 35550513 21481325 0 21481325 0 21481325 PART X, LINE 2: THE TRUST ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH GAAP, WHICH REQUIRES RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE TRUST HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS AND NO ADJUSTMENTS TO ITS FINANCIAL POSITION, ACTIVITIES OR CASH FLOWS WERE REQUIRED. THE TRUST DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS WILL INCREASE WITHIN THE NEXT TWELVE MONTHS. THE TRUST DID NOT RECORD ANY INTEREST OR PENALTIES ON UNCERTAIN TAX POSITIONS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2020 OR THE ACCOMPANYING STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR THEN ENDED. IF THE TRUST WERE TO INCUR ANY INCOME TAX LIABILITY IN THE FUTURE, INTEREST ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INTEREST EXPENSE AND PENALTIES ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INCOME TAXES. SCHEDULE D, PART V, LINE 4 THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS X X X X X 0 0 0 0 0 0 0 0 0 JOHANN ZIETSMAN PRESIDENT AND CEO 285732 256302 0 0 0 0 0 0 0 0 285732 256302 0 0 KENNETH HARRIS VP OF OPERATIONS 166345 0 0 0 0 0 0 0 0 0 166345 0 0 0 ELIZABETH WALLACE VP OF PROGRAMMING 166274 0 0 0 0 0 0 0 0 0 166274 0 0 0 THOMAS M BERGER VP AND CFO 166137 0 0 0 0 0 0 0 0 0 166137 0 0 0 VALERIE RILES VP OF BOARD & GOVERNANCE 156732 0 0 0 0 0 0 0 0 0 156732 0 0 0 X PIANOS LENT TO CENTER 0 335645 FMV X DONATED MEDIA 0 2500 FMV X CHAMPAGNE 0 1029 FMV X DONATED FOOD 0 345 FMV 0 0 0 FORM 990, PART 1, LINE 1 ORGANIZATION'S MOST SIGNIFICANT ACTIVITIES: AS A FOCAL POINT OF GREATER MIAMI-DADE'S DIVERSE CULTURAL LIFE, THE ADRIENNE ARSHT CENTER ENLIGHTENS, EDUCATES AND ENTERTAINS OUR COMMUNITY THROUGH TRANSFORMATIONAL ARTS AND CULTURAL EXPERIENCES. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION STATEMENT: THE ADRIENNE ARSHT CENTER IS A LEADER IN PRESENTING INNOVATIVE PROGRAMMING THAT MIRRORS SOUTH FLORIDA'S DIVERSITY AS WELL AS A CATALYST FOR BILLIONS OF DOLLARS IN NEW DEVELOPMENT IN THE DOWNTOWN AREA. THE CENTER PRESENTS NEARLY 400 EVENTS EACH YEAR ACROSS ITS FLEXIBLE, STATE-OF-THE-ART PERFORMANCE SPACES. THE CENTER PROGRAMS SEVERAL SIGNATURE SERIES, INCLUDING THE LARGEST JAZZ SERIES IN SOUTH FLORIDA, A MAJOR ANNUAL FLAMENCO FESTIVAL AND A ROBUST PROGRAM OF NEW THEATRICAL WORKS AS WELL AS FREE PROGRAMMING FOR THE COMMUNITY AND AN ARTS EDUCATION PROGRAM THAT SERVES OVER 50,000 CHILDREN EACH YEAR. AS MIAMI'S NEW TOWN SQUARE, THE ARSHT CENTER ALSO HOUSES BRAVA BY BRAD KILGORE, A FINE DINING RESTAURANT; THE CAFE AT BOOKS & BOOKS IN THE HISTORICAL CARNIVAL TOWER AND A WEEKLY FARMER'S MARKET. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PREPARED BY EXTERNAL AUDITORS AND REVIEWED BYTHE CHIEF FINANCIAL OFFICER AND PRESIDENT AND CEO. PRIOR TO FINALIZATION OF THE RETURN, A FINAL DRAFT OF FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS. THE FORM DISTRIBUTED TO THE BOARD OF DIRECTORS REFLECTS THE RETURN ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS ITS CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO DETERMINES THE COMPENSATION FOR ALL THE SENIOR STAFF AFTER A REVIEW PROCESS. COMPENSATION FOR THE CEO IS APPORVED BY THE BOARD OF DIRECTORS AS PART OF A 360 DEGREE REVIEW, A COMPARATIVE STUDY AND ADDITIONAL ANALYSIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART X, LINE 24 ON MAY 1, 2020, THE TRUST ENTERED INTO A PAYCHECK PROTECTION PROGRAM ("PPP") PROMISSORY NOTE FOR TOTAL PROCEEDS OF $2,182,022, WITH A FINANCIAL INSTITUTION IN RELATION TO THE RECENTLY ENACTED CORONAVIRUS AID RELIEF, AND ECONOMIC SECURITY ACT ("CARES ACT") ADMINISTERED BY THE U.S. SMALL BUSINESS ADMINISTRATION ("SBA"). INTEREST ON THE NOTE ACCRUES AT 1.00% PER ANNUM. IN ACCORDANCE WITH THE REQUIREMENTS OF THE CARES ACT, THE TRUST UTILIZED THE PROCEEDS OF THE NOTE PRIMARILY FOR PAYROLL AND OTHER ALLOWABLE COSTS. THE TRUST APPLIED TO THE LENDER AND THE SBA FOR LOAN FORGIVENESS AS SPECIFIED UNDER THE PPP RULES. ON JULY 1, 2021, THE TRUST RECEIVED FULL LOAN FORGIVENESS OF THE PROMISSORY NOTE OF $2,182,022 AND INTEREST INCURRED THROUGH THE DATE OF FORGIVENESS. ADRIENNE ARSHT CENTER FOUNDATION INC 1300 BISCAYNE BLVD MIAMI FL 33132 262567808 RAISE FUNDS FL 501(C)(3) LINE 7 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1