2021-04-29T11:13:48-05:00 2020-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2019-07-01 510244834 AN CLAIDHEAMH SOLUIS INC ANCL 2127573318 553 WEST 51ST STREET NEW YORK NY 10019 AIDAN CONNOLLY EXECUTIVE DIRECTOR 2127573318 2021-04-29 1 RICHARD J LOCASTRO CPA P00288314 3019519090 2019 2022-09-23 18:48:47Z IRISH ARTS CENTER AIDAN CONNOLLY 553 WEST 51ST STREET NEW YORK NY 10019 22674936 0 X WWW.IRISHARTSCENTER.ORG X 1972 NY SEE PART III, LINE 1. 19 17 53 115 0 0 24635665 22243122 459043 214845 5969 9855 -170986 -123327 24929691 22344495 0 0 0 0 1603897 2078336 0 0 1355541 2442196 1848178 4046093 3926514 20883598 18417981 41443536 63749398 5624491 9512372 35819045 54237026 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 1521919 133091 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. 211223 81570 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. 84036 6248 EXHIBITION: IRISH ARTS CENTER PRESENTS EXCITING ART INCLUDING VISUAL ARTS PRESENTATIONS AND CULTURAL EXHIBITIONS THAT TELL THE EVOLVING IRISH STORY. 1817178 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 92 0 1 53 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X CARLOS NORENA NCHENG LLP 2127573318 40 WALL STREET 32ND FLOOR NEW YORK NY 10005 X AIDAN CONNOLLY SEE SCH O EXECUTIVE DIRECTOR 55.00 X X 456798 0 13556 SHAUN KELLY SEC./TREAS. THEN CHAIR (EFF. 02/20) 2.00 X X 0 0 0 SHANE NAUGHTON BD MBR THEN SEC./TREAS. (EFF. 12/19) 1.50 X X 0 0 0 GERRARD BOYLE CHAIR THEN BD MBR (EFF. 02/20) 1.50 X X 0 0 0 ANDREW BRESLIN BOARD MEMBER 0.50 X 0 0 0 BOB DEVLIN BOARD MEMBER 0.50 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 PAULINE TURLEY SEE SCH O VICE CHAIR STAFF 40.00 X 130000 0 13556 RACHAEL GILKEY DIR. OF PROGRAMMING & EDUCATION 40.00 X 103743 0 13556 690541 0 40668 3 0 1 0 PAVARINI MCGOVERN LLC 330 WEST 34TH STREET NEW YORK NY 10001 CONSTRUCTION 14386513 JONATHAN ROSE COMPANIES 551 FIFTH AVENUE 23RD FL NEW YORK NY 10176 CAPITAL PROJECT CONSULTANT 706728 DAVIS BRODY BOND LLP ONE NEW YORK PLAZA 4200 NEW YORK NY 10004 ARCHITECTURE SERVICE FOR CAPITAL PROJECT 537616 AKRF 440 PARK AVE SOUTH 7TH FL NEW YORK NY 10016 CAPITAL PROJECT CONSULTANT 236548 NCHENG LLP 40 WALL STREET 32ND FL NEW YORK NY 10005 ACCOUNTING SERVICES 200759 7 2296129 18295849 1651144 222234 22243122 REGISTRATION FEES 900099 80965 80965 PROGRAM SALES 900099 77926 77926 MEMBERSHIP DUES 900099 51117 51117 CONCESSION SALES 900099 4837 4837 214845 9855 9855 169530 2296129 327885 -158355 -158355 13457 2556 10901 10901 PROGRAMMING VOUCHERS 900099 24127 24127 24127 22344495 220909 0 -119536 X 568154 102058 51029 415067 1185430 732134 210422 242874 197306 104900 32143 60263 127446 61348 19180 46918 65354 54627 10727 278223 278223 18000 8642 491 8867 715613 335789 14394 365430 18772 16722 1550 500 133646 78729 18902 36015 26157 13835 4603 7719 87903 79220 3606 5077 281725 125144 66050 90531 3561 3376 185 20803 11826 3934 5043 59494 14705 4892 39897 AWARDS, PRIZES, & CONT. 28041 194 12437 15410 EQUIPMENT RENTAL 21958 19344 1146 1468 CREDIT CARD FEES 18845 12158 1856 4831 DUES AND SUBSCRIPTIONS 12731 8518 1418 2795 57352 33909 16607 6836 3926514 1817178 753795 1355541 X 643510 1495309 4854074 6730809 3851205 3189414 48019 82397 118217 54213 52214375 41414 31920510 52172961 8001 24295 41443536 63749398 2211826 4100113 34723 92323 2752942 4427294 267642 625000 625000 5624491 9512372 X 796108 1034047 35022937 53202979 35819045 54237026 41443536 63749398 18417981 0 X 0 1 X 1 0 X 4208236 5221419 6597647 24635665 22243122 62906089 4208236 5221419 6597647 24635665 22243122 62906089 596791 62309298 9227 11562 12630 6141 9855 49415 96159 25360 0 121519 6721 136 6364 1113 24127 38461 63115484 1930095 0.98720 0.97230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 18000 0 0 18000 0 PART II-B, LINE 1: LOBBYING ACTIVITIES INCLUDED CONVERSATIONS WITH EMPLOYEES AT NEW YORK CITY AGENCIES REGARDING ACQUISITION OF CITY PROPERTY FOR 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 22266 12186 10080 54681 29228 25453 38637428 38637428 52172961 RIGHT OF USE LIABILITY 625000 625000 X 22720536 45600 330441 376041 22344495 0 22344495 4302555 45600 330441 376041 3926514 0 3926514 PART X, LINE 2: FOR THE YEARS ENDED JUNE 30, 2020 AND 2019, 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 327,885. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. MERCHANDISE EXPENSES INCLUDED AS EXPENSE ON FINANCIAL 2,556. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 10B. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED AS EXPENSE ON FINANCIAL 327,885. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. MERCHANDISE EXPENSES INCLUDED AS EXPENSE ON FINANCIAL 2,556. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 10B. GALA 2017049 1888299 128750 164110 7381 500 124755 SPRING CONCERT 332920 311800 21120 11164 500 5509 2 115690 96030 19660 5324 8642 2465659 2296129 169530 164110 23869 1000 138906 327885 -158355 X X X X 0 0 0 0 0 0 0 1 0 AIDAN CONNOLLY SEE SCH O EXECUTIVE DIRECTOR 234298 0 222500 0 0 0 0 0 13556 0 470354 0 0 0 PART I, LINE 7 IN 2019, FOLLOWING EXECUTIVE COMMITTEE REVIEW AND CONSULTATION AND REVIEW FROM A NON-PROFIT COMPENSATION ADVISORY FIRM, THE ORGANIZATION PAID AIDAN CONNOLLY $160,000 IN BONUS COMPENSATION (FOR 2018), AND THE BALANCE OF BONUS COMPENSATION FOR 2017 ($62,500). 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 $65 MM CAPITAL DEVELOPMENT PROJECT, INCLUDING BUT NOT LIMITED TO EXECUTIVE AND ARTISTIC LEADERSHIP, STRATEGIC AND FINANCIAL PLANNING AND MANAGEMENT, PROJECT MANAGEMENT, AND GOVERNMENT AFFAIRS. CONSIDERATION WAS MADE TO PROVIDE REMEDY FOR SIGNIFICANT HISTORIC UNDERCOMPENSATION RELATIVE TO COMPARABLE ROLES. X 3 5600 VALUE BY THE ARTIST X 713 FMV X 8 131381 FMV X 4 4825 FMV X 11 68138 FMV X GIFTCARDS 13 11577 FMV 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 A, LINE 4 BYLAWS AMENDED TO REFLECT THAT AUDIT COMMITTEE IS SUCCESSOR TO THE AUDIT AND FINANCE COMMITTEE; COMMITTEE CHARTERS WERE AMENDED, REFLECTING TRANSFER OF FINANCIAL OVERSIGHT TO THE EXECUTIVE COMMITTEE. 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 KEY 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 DECEMBER 2019. 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. CONSIDERATION WAS MADE TO PROVIDE REMEDY FOR SIGNIFICANT HISTORIC UNDERCOMPENSATION RELATIVE TO COMPARABLE ROLES. 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 PRODUCER: PROGRAM SERVICE EXPENSES 30,423. MANAGEMENT AND GENERAL EXPENSES 4,603. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,026. DIRECTOR/DESIGNER FEES: PROGRAM SERVICE EXPENSES 10,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,500. PHOTOGRAPHER/VIDEO: PROGRAM SERVICE EXPENSES 18,290. MANAGEMENT AND GENERAL EXPENSES 1,000. FUNDRAISING EXPENSES 15,133. TOTAL EXPENSES 34,423. TEACHERS/INSTRUCTORS: PROGRAM SERVICE EXPENSES 21,490. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,490. ARTISTS/PERFORMERS: PROGRAM SERVICE EXPENSES 121,208. MANAGEMENT AND GENERAL EXPENSES 2,500. FUNDRAISING EXPENSES 1,250. TOTAL EXPENSES 124,958. GRAPHIC DESIGN: PROGRAM SERVICE EXPENSES 18,120. MANAGEMENT AND GENERAL EXPENSES 135. FUNDRAISING EXPENSES 9,405. TOTAL EXPENSES 27,660. FREELANCE FEES: PROGRAM SERVICE EXPENSES 5,340. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 42,145. TOTAL EXPENSES 47,485. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 110,418. MANAGEMENT AND GENERAL EXPENSES 6,156. FUNDRAISING EXPENSES 297,497. TOTAL EXPENSES 414,071. 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 (THE "SBA") UNDER THE CARES ACT. THE PPP LOAN, WHICH WAS IN THE FORM OF A NOTE DATED APRIL 16, 2020, MATURES ON APRIL 16, 2022 AND BEARS AN INTEREST RATE OF 1% PER ANNUM, WITH INTEREST ACCRUING 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 BELIEVES IT WILL MEET THE CONDITIONS FOR FORGIVENESS. THE BALANCE OF THE LOAN AT JUNE 30, 2020 WAS $267,642. THE PPP LOAN IS RECORDED AS A NOTE PAYABLE IN THE LIABILITIES SECTION OF THE BALANCE SHEET. IF FORGIVEN, THE FULL PPP LOAN AMOUNT WILL BE RECOGNIZED AS CONTRIBUTION REVENUE. IAC-NYC LLC 553 W 51ST ST NEW YORK NY 10019 472369929 HOLDING TITLE TO REAL PROPERTY NY 2681 40043308 AN CLAIDHEAMH SOLUIS INC (DBA IRISH ARTS CENTER)