2022-05-13T12:19:01-05:00 2021-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2020-07-01 510244834 AN CLAIDHEAMH SOLUIS INC ANCL 2127573318 553 WEST 51ST STREET NEW YORK NY 10019 AIDAN CONNOLLY EXECUTIVE DIRECTOR 2127573318 2022-05-13 1 AIDAN CONNOLLY 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z IRISH ARTS CENTER AIDAN CONNOLLY 553 WEST 51ST STREET NEW YORK NY 10019 13422085 0 X WWW.IRISHARTSCENTER.ORG X 1972 NY SEE PART III, LINE 1. 19 17 83 17 0 0 22243122 13039408 214845 234451 9855 1805 -123327 -121799 22344495 13153865 0 0 0 0 2078336 2062037 0 0 854654 1848178 1423455 3926514 3485492 18417981 9668373 63749398 72072476 9512372 8167104 54237026 63905372 FOUNDED IN 1972, IRISH ARTS CENTER IS A NEW YORK-BASED ARTS AND CULTURAL CENTER DEDICATED TO PROJECTING A DYNAMIC IMAGE OF IRELAND AND IRISH AMERICA FOR THE 21ST CENTURY, BUILDING COMMUNITY WITH ARTISTS AND AUDIENCES OF ALL BACKGROUNDS, (CONTINUED ON SCHEDULE O) 0 0 1343820 53093 PERFORMANCE: IRISH ARTS CENTER SERVES AS A DYNAMIC PLATFORM FOR TOP EMERGING AND ESTABLISHED ARTISTS IN MUSIC, THEATRE, LITERATURE & HUMANITIES, EXHIBITION, FILM, COMEDY, AND DANCE TO REACH A NEW YORK, NATIONAL, AND GLOBAL AUDIENCE, AND AS A GATEWAY FOR AUDIENCES AND INSTITUTIONS TO ACCESS FIRST-RATE IRISH CULTURE. 213222 181592 EDUCATION: IRISH ARTS CENTER OFFERS NEW YORK'S MOST COMPREHENSIVE ASSORTMENT OF CLASSES IN IRISH ARTS AND CULTURE, WITH OVER 40 WEEKLY CLASSES IN IRISH LANGUAGE, HISTORY, MUSIC, AND DANCE, TAUGHT BY TALENTED INSTRUCTORS WITH EACH CLASS PRESENTING THE OPPORTUNITY FOR STUDENTS OF ALL BACKGROUNDS AND AGES TO DELVE DEEPER INTO THE RICH CULTURE OF IRISH ARTS. 58308 EXHIBITION: IRISH ARTS CENTER PRESENTS EXCITING ART INCLUDING VISUAL ARTS PRESENTATIONS AND CULTURAL EXHIBITIONS THAT TELL THE EVOLVING IRISH STORY. 1615350 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 1 0 0 1 0 0 0 0 1 43 0 1 83 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X FAIZAN YOUNUS NCHENG LLP 2127573318 40 WALL STREET 32ND FLOOR NEW YORK NY 10005 X AIDAN CONNOLLY EXECUTIVE DIRECTOR 55.00 X X 372391 0 14344 PAULINE TURLEY SEE SCH O VICE CHAIR STAFF 40.00 X 150208 0 14344 SHAUN KELLY CHAIRMAN 2.00 X X 0 0 0 SHANE NAUGHTON SEC./TREAS. 1.50 X X 0 0 0 GERRARD BOYLE BOARD MEMBER 1.50 X 0 0 0 ANDREW BRESLIN BOARD MEMBER 0.50 X 0 0 0 BOB DEVLIN BOARD MEMBER 1.00 X 0 0 0 CELESTINE DONAGHY BOARD MEMBER 0.50 X 0 0 0 EILEEN K MURRAY BOARD MEMBER 0.50 X 0 0 0 JAMES E QUINN BOARD MEMBER 1.00 X 0 0 0 JOHN DUFFY BOARD MEMBER 1.00 X 0 0 0 JOHN MARTIN BOARD MEMBER 1.00 X 0 0 0 JOHN S DALY BOARD MEMBER 1.00 X 0 0 0 RUSSELL GIOIELLA BOARD MEMBER 1.00 X 0 0 0 KRISTINE COVILLO BOARD MEMBER 1.00 X 0 0 0 LORETTA BRENNAN GLUCKSMAN BOARD MEMBER 0.50 X 0 0 0 ROBERT J MCCANN BOARD MEMBER 1.00 X 0 0 0 SHARON PATRICK BOARD MEMBER 0.50 X 0 0 0 KATHLEEN FEE BOARD MEMBER 0.50 X 0 0 0 RACHAEL GILKEY DIR. OF PROGRAMMING & EDUCATION 40.00 X 113601 0 14344 KERRY TUCEI DIRECTOR OF MARKETING 40.00 X 106433 0 14344 CONNOR SMITH PRODUCTION MANAGER 40.00 X 103731 0 14344 846364 0 71720 5 0 1 0 PAVARINI MCGOVERN LLC 330 WEST 34TH STREET NEW YORK NY 10001 CONSTRUCTION 14792012 DAVIS BRODY BOND LLP ONE NEW YORK PLAZA 4200 NEW YORK NY 10004 ARCHITECTURE SERVICE FOR CAPITAL PROJECT 257998 NCHENG LLP 40 WALL STREET 32ND FL NEW YORK NY 10005 ACCOUNTING SERVICES 222906 JONATHAN ROSE COMPANIES 551 FIFTH AVENUE 23RD FL NEW YORK NY 10176 CAPITAL PROJECT CONSULTANT 188296 SYZGY 3 INC 231 W 29TH ST 606 NEW YORK NY 10001 CAPITAL PROJECT CONSULTANT 125859 5 1925090 9668817 1445501 85786 13039408 REGISTRATION FEES 900099 179377 179377 MEMBERSHIP DUES 900099 50559 50559 PROGRAM SALES 900099 4515 4515 234451 2624 2624 59799 59359 1259 440 -1259 -819 -819 54800 1925090 207602 -152802 -152802 234 0 234 234 PROGRAMMING VOUCHERS 900099 30769 30769 30769 13153865 234685 0 -120228 X 548126 169141 84571 294414 1180267 531545 441871 206851 215487 93740 72332 49415 118157 48288 36396 33473 21487 10540 10947 256147 256147 547115 370376 35107 141632 14257 13484 675 98 123072 82327 21282 19463 29964 15788 5889 8287 73064 51562 9836 11666 15636 3668 11186 782 1230 356 574 300 19922 10497 3915 5510 205475 177938 11439 16098 AWARDS, PRIZES, & CONT. 29903 1979 27924 DUES AND SUBSCRIPTIONS 25625 13710 5114 6801 CREDIT CARD FEES 23489 1737 999 20753 BUILD. REPAIRS & MAINT. 13027 6864 2560 3603 24042 13789 2669 7584 3485492 1615350 1015488 854654 X 1495309 1859741 6730809 4921906 3189414 2411833 82397 7516 54213 22804 62879851 60626 52172961 62819225 24295 29451 63749398 72072476 4100113 2161080 92323 30823 4427294 5084396 267642 265805 625000 625000 9512372 8167104 X 1034047 1768864 53202979 62136508 54237026 63905372 63749398 72072476 9668373 -27 0 X 0 1 X 1 0 X 5221419 6597647 24635665 22243122 13039408 71737261 5221419 6597647 24635665 22243122 13039408 71737261 382439 71354822 11562 12630 6141 9855 2624 42812 96159 25360 121519 136 6364 1113 24127 30769 62509 71964101 1763252 0.99150 0.98720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 2474 0 0 2474 0 PART II-B, LINE 1: LOBBYING ACTIVITIES INCLUDED CONVERSATIONS WITH EMPLOYEES AT NEW YORK CITY AGENCIES REGARDING CONSTRUCTION OF A NEW IRISH ARTS CENTER AND CONVERSATIONS WITH NEW YORK CITY COUNCIL MEMBERS, MEMBERS OF THE NEW YORK STATE SENATE AND NEW YORK STATE ASSEMBLY, AND THEIR RESPECTIVE STAFF REGARDING CAPITAL FUNDING FOR CONSTRUCTION OF A NEW IRISH ARTS CENTER. 13500000 13500000 40966 18509 22457 55280 42117 13163 49283605 49283605 62819225 RIGHT OF USE LIABILITY 625000 625000 X 13370914 -27 8215 208861 217049 13153865 0 13153865 3702568 8215 208861 217076 3485492 0 3485492 PART X, LINE 2: FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, THE ORGANIZATIONS HAVE DOCUMENTED THEIR CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAVE DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED AS EXPENSE ON FINANCIAL 207,602. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. LOSS ON DISPOSAL OF ASSETS INCLUDED AS EXPENSE ON FINANCIAL 1,259. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 7B. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED AS EXPENSE ON FINANCIAL 207,602. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. LOSS ON DISPOSAL OF ASSETS INCLUDED AS EXPENSE ON FINANCIAL 1,259. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 7B. GALA 1979890 1925090 54800 64448 2175 1622 5640 133717 1979890 1925090 54800 64448 2175 1622 5640 133717 207602 -152802 X X X X 0 0 0 0 0 0 0 1 0 AIDAN CONNOLLY EXECUTIVE DIRECTOR 232391 0 140000 0 0 0 0 0 14344 0 386735 0 0 0 PAULINE TURLEY SEE SCH O VICE CHAIR STAFF 150208 0 0 0 0 0 0 0 14344 0 164552 0 0 0 PART I, LINE 7 IN 2020, FOLLOWING EXECUTIVE COMMITTEE REVIEW AND CONSULTATION AND REVIEW FROM A NON-PROFIT COMPENSATION ADVISORY FIRM, THE ORGANIZATION PAID AIDAN CONNOLLY $140,000 IN BONUS COMPENSATION (FOR 2019). IN DETERMINING THE COMPENSATION, COMPARABLES WERE RESEARCHED FOR THE MANY UNIQUE FUNCTIONS PERFORMED BY THE EXECUTIVE DIRECTOR IN HIS ROLE OVERSEEING THE EXISTING COMPANY AND THE $65MM CAPITAL DEVELOPMENT PROJECT, INCLUDING BUT NOT LIMITED TO EXECUTIVE AND ARTISTIC LEADERSHIP, STRATEGIC AND FINANCIAL PLANNING AND MANAGEMENT, PROJECT MANAGEMENT, AND GOVERNMENT AFFAIRS. X 5 11030 VALUE BY THE ARTIST X 5 59359 FMV X 5 7003 FMV X 2 3842 FMV X GIFTCARDS 2 4551 FMV 0 0 0 0 PART I, COLUMN (B): THE AMOUNT LISTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: FORGING AND STRENGTHENING CROSS-CULTURAL PARTNERSHIPS, AND PRESERVING THE EVOLVING STORIES AND TRADITIONS OF IRISH CULTURE FOR GENERATIONS TO COME. OUR MULTI-DISCIPLINARY PROGRAMMING IS CENTERED AROUND THREE CORE AREAS: PERFORMANCE - INCLUDING LIVE MUSIC, DANCE, THEATRE, FILM, LITERATURE, AND THE HUMANITIES; EXHIBITION - INCLUDING VISUAL ARTS PRESENTATIONS AND CULTURAL EXHIBITIONS THAT TELL THE EVOLVING IRISH STORY; AND EDUCATION - WITH DOZENS OF CLASSES PER WEEK IN IRISH LANGUAGE, HISTORY, MUSIC, AND DANCE. LOCATED IN NEW YORK CITY, A GLOBAL CAPITAL OF ARTS AND CULTURE, IRISH ARTS CENTER SERVES AS A DYNAMIC PLATFORM FOR TOP EMERGING AND ESTABLISHED ARTISTS AND CULTURAL CREATORS TO REACH A NEW YORK, NATIONAL, AND GLOBAL AUDIENCE, AND AS A GATEWAY FOR OTHER INSTITUTIONS TO ACCESS FIRST-RATE IRISH AND IRISH AMERICAN CULTURE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS. ALL MEMBERS OF THE BOARD WERE PROVIDED THE RETURN PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IAC REQUIRES ALL OFFICERS, DIRECTORS, COMMITTEE MEMBERS, AND FULL-TIME EMPLOYEES TO COMPLETE AND SUBMIT AN ANNUAL DISCLOSURE DETAILING ANY FACTS OR CIRCUMSTANCES OF WHICH HE OR SHE IS AWARE THAT MIGHT CONSTITUTE A CONFLICT OF INTEREST. THE IAC BOARD OF DIRECTORS REVIEWS EACH DISCLOSURE STATEMENT FOR ANY SET OF FACTS OR CIRCUMSTANCES THAT MAY REFLECT AN ACTUAL, POTENTIAL, OR APPARENT CONFLICT OF INTEREST. IF THE BOARD IDENTIFIES AN ACTUAL, POTENTIAL, OR APPARENT CONFLICT OF INTEREST, IT DETERMINES AN APPROPRIATE REMEDY TO RESOLVE SUCH CONFLICT, WHICH MAY INVOLVE ONE OF THE FOLLOWING ACTIONS: - WAIVE THE CONFLICT OF INTEREST AS UNLIKELY TO AFFECT THE COVERED PERSON'S ABILITY TO ACT IN THE BEST INTERESTS OF THE ORGANIZATION; - DETERMINE THAT THE INDIVIDUAL BE RECUSED FROM ALL DELIBERATION AND DECISION-MAKING RELATED TO THE PARTICULAR TRANSACTION OR RELATIONSHIP THAT GIVES RISE TO THE CONFLICT OF INTEREST; OR - DETERMINE THAT THE INDIVIDUAL RESIGN FROM HIS OR HER SERVICE TO IAC (SUBJECT TO THE TERMS OF ANY PERTINENT EMPLOYMENT AGREEMENT). FORM 990, PART VI, SECTION B, LINE 15A THE LAST SALARY REVIEW FOR THE EXECUTIVE DIRECTOR WAS COMPLETED ON APRIL 2021. IT WAS OVERSEEN AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD ACCORDING TO THE COMMITTEE CHARTER. AN INDEPENDENT COMPENSATION STUDY WAS CONDUCTED AND REVIEWED BY A SEPARATE INDEPENDENT COMPENSATION CONSULTANT, WHO MADE A FINAL RECOMMENDATION TO THE EXECUTIVE COMMITTEE. THE COMPENSATION WAS DOCUMENTED IN AN EMPLOYMENT AGREEMENT. IN DETERMINING THE COMPENSATION, COMPARABLES WERE RESEARCHED FOR THE MANY UNIQUE FUNCTIONS PERFORMED BY THE EXECUTIVE DIRECTOR IN HIS ROLE OVERSEEING THE EXISTING COMPANY AND THE CAPITAL DEVELOPMENT PROJECT, INCLUDING BUT NOT LIMITED TO ARTISTIC AND EXECUTIVE LEADERSHIP, STRATEGIC AND FINANCIAL PLANNING AND MANAGEMENT, PROJECT MANAGEMENT, AND GOVERNMENT AFFAIRS ACTIVITIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON THE COMPANY WEBSITE. FORM 990, PART VII, SECTION A: THE COMPENSATION PROVIDED TO PAULINE TURLEY IS SOLELY RELATED TO HER POSITION AS AN EMPLOYEE OF THE ORGANIZATION AND IS UNRELATED TO HER DUTIES ON THE BOARD. FORM 990, PART IX, LINE 11G PHOTOGRAPHER/VIDEO: PROGRAM SERVICE EXPENSES 37,148. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 22,103. TOTAL EXPENSES 59,251. TEACHERS/INSTRUCTORS: PROGRAM SERVICE EXPENSES 12,672. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,672. ARTISTS/PERFORMERS: PROGRAM SERVICE EXPENSES 82,958. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 8,440. TOTAL EXPENSES 91,398. GRAPHIC DESIGN: PROGRAM SERVICE EXPENSES 43,176. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,602. TOTAL EXPENSES 45,778. TECHNICAL: PROGRAM SERVICE EXPENSES 15,495. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 10,036. TOTAL EXPENSES 25,531. CALL CENTER: PROGRAM SERVICE EXPENSES 1,460. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,460. OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 177,467. MANAGEMENT AND GENERAL EXPENSES 35,107. FUNDRAISING EXPENSES 53,211. TOTAL EXPENSES 265,785. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 45,240. TOTAL EXPENSES 45,240. FORM 990, PART X, LINE 24: ON MAY 24, 2020, IRISH ARTS CENTER WAS GRANTED A LOAN OF $267,642 FROM M&T BANK PURSUANT TO THE PAYCHECK PROTECTION PROGRAM (PPP) ADMINISTERED BY THE SMALL BUSINESS ADMINISTRATION (SBA) UNDER THE CARES ACT. THE PPP LOAN WAS FORGIVEN ON JANUARY 13, 2021 AND RECOGNIZED AS CONTRIBUTION REVENUE DURING THE YEAR ENDED JUNE 30, 2021. ON JANUARY 28, 2021, IRISH ARTS CENTER RECEIVED A SECOND LOAN OF $265,805 FROM M&T BANK PURSUANT TO PPP. THE PROMISSORY NOTE BEARS AN INTEREST RATE OF 1% PER ANNUM WHICH ACCRUES ON THE UNPAID PRINCIPAL BALANCE. NO PAYMENTS OF PRINCIPAL OR INTEREST ARE DUE DURING THE SIX-MONTH PERIOD BEGINNING ON THE DATE OF THE PPP LOAN (THE "DEFERRAL PERIOD"). THE PPP LOAN (AND ACCRUED INTEREST) MAY BE FORGIVABLE AFTER EIGHT WEEKS AS LONG AS THE ORGANIZATION USES THE LOAN PROCEEDS FOR ELIGIBLE PURPOSES, INCLUDING PAYROLL, BENEFITS, RENT AND UTILITIES, AND MAINTAINS ITS PAYROLL LEVELS. IRISH ARTS CENTER HAS USED THE ENTIRE LOAN AMOUNT FOR QUALIFYING EXPENSES, AND ON SEPTEMBER 28, 2021 IT RECEIVED FORMAL NOTIFICATION OF FORGIVENESS. ACCORDINGLY, THE FULL VALUE OF THE LOAN HAS BEEN CLASSIFIED AS A CURRENT LIABILITY IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THE FULL PPP LOAN AMOUNT WILL BE RECOGNIZED AS CONTRIBUTION REVENUE FOR THE YEAR ENDED JUNE 30, 2022. IAC-NYC LLC 553 W 51ST ST NEW YORK NY 10019 472369929 HOLDING TITLE TO REAL PROPERTY NY 1281 49199950 AN CLAIDHEAMH SOLUIS INC (DBA IRISH ARTS CENTER)