2020-12-11T14:37:15-06:00 2020-06-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2019-07-01 581320590 TENNESSEE PERFORMING ARTS CENTER (TPAC) MANAGEMENT CORPORATION TENN 6157824000 505 DEADERICK STREET 3RD FLOOR NASHVILLE TN 37243 JENNIFER TURNER PRESIDENT & CEO 6157824000 2020-12-11 1 FRANCES E LEAHY P00713593 6152427351 2020-12-11 2019 2022-09-23 18:48:47Z JENNIFER TURNER 505 DEADERICK STREET 3RD FLOOR NASHVILLE TN 37243 28553770 0 X WWW.TPAC.ORG X 1977 TN CREATE MEANINGFUL EXPERIENCES THROUGH PERFORMING ARTS; PROVIDE ARTS ENTERTAINMENT/EDUCATION TO TN 25 25 505 200 9899 0 3850085 3234989 17113563 21463417 155 -956 2905778 2702924 23869581 27400374 0 0 0 0 7706317 8192403 0 0 746856 16079402 19133465 23785719 27325868 83862 74506 20680246 18241048 10238957 7715714 10441289 10525334 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 21838450 24074181 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 SIX 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. 307537 153535 DURING THE 2020 FISCAL YEAR, THE HOT (HUMANITIES OUTREACH IN TENNESSEE) SEASON FOR YOUNG PEOPLE PRESENTED 57 (69 DURING 2019) PROFESSIONAL PERFORMANCES OF THEATER, DANCE AND MUSIC FOR STUDENT AUDIENCES. SUBSIDIZED TICKETS, TRAVEL GRANTS AND CLASSROOM MATERIALS WERE PROVIDED TO ENSURE THAT EACH STUDENT COULD HAVE ACCESS TO DIVERSE CULTURAL AND EDUCATIONAL PROGRAMS. HOT ALSO PROVIDED IN-SCHOOL STUDENT WORKSHOPS, AUDIENCE DISCUSSIONS, AND WORKSHOPS FOR TEACHERS WHICH ADDRESSED THE EDUCATIONAL CONTENT OF EACH PERFORMANCE. DURING THE 2019-2020 ACADEMIC YEAR, 32,549 STUDENTS AND TEACHERS FROM 434 SCHOOL GROUPS ATTENDED HOT SEASON FOR YOUNG PEOPLE PERFORMANCES (34,458 STUDENTS AND TEACHERS FROM 285 SCHOOL GROUPS DURING THE 2018-2019 ACADEMIC YEAR). 97127 DISNEY MUSICALS IN SCHOOLS (DMIS) DEVELOPS A CULTURE OF MUSICAL THEATRE PERFORMANCE IN METRO NASHVILLE ELEMENTARY SCHOOLS. THE PROGRAM INTRODUCES THE COLLABORATIVE ART OF MUSICAL THEATRE; STRENGTHENS ARTS PROGRAMMING; DEVELOPS PARTNERSHIPS AMONG STUDENTS, FACULTY, STAFF AND THE GREATER NASHVILLE COMMUNITY. 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, CROSS-CURRICULAR ACTIVITIES; AND IN-SCHOOL SUPPORT FROM TEAMS OF TWO TPAC TEACHING ARTISTS FOR 15 WEEKS. IN 2019-20, 1,900 STUDENTS AND 208 EDUCATORS FROM 39 SCHOOLS IN BEDFORD, COFFEE, CUMBERLAND, AND DAVIDSON COUNTIES TOOK PART IN THE DMIS PROGRAM. 66987 97 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. A TOTAL OF 1,676 CHILDREN AND TEACHERS PARTICIPATED IN WOLF TRAP IN 2019-2020 AT NO CHARGE TO THEM (1,766 CHILDREN AND TEACHERS IN 2018-2019). 28891 12490 INSIDEOUT IS FOR ADULTS WHO WANT TO GROW IN THEIR KNOWLEDGE AND ENJOYMENT OF THE PERFORMING ARTS. THE PROGRAM OFFERS A SERIES OF LUNCH SEMINARS, PERFORMANCE EXCERPTS, DISCUSSIONS, WORKSHOPS AND SNEAK PREVIEWS BEHIND THE SCENES. A TOTAL OF 1,716 INDIVIDUALS PARTICIPATED IN THIS PROGRAM DURING THE YEAR AND AN ADDITIONAL 1,135 INDIVIDUALS DOWNLOADED INSIDEOUT PODCAST EPISODES. (2,233 INDIVIDUALS DURING 2018-2019). 71268 4620 ARTSMART IS A CLASSROOM-BASED INSTRUCTION PROGRAM THAT ACCOMPANIES THE PERFORMANCES PRESENTED IN EACH YEAR'S HOT SEASON FOR YOUNG PEOPLE. THROUGH ARTSMART, STUDENTS ARRIVE AT THE THEATRE WITH AN EXPANDED CAPACITY TO ENGAGE WITH THE PERFORMANCE THEY ARE ABOUT TO SEE. SPECIALIZED TRAINING ENABLES EDUCATORS AND TEACHING ARTISTS TO GUIDE ARTS-BASED INSTRUCTION THAT CHALLENGES YOUNG PEOPLE TO IMAGINE, TO PRACTICE, AND TO REFLECT. A TOTAL OF 2,095 STUDENTS AND TEACHERS PARTICIPATED IN ARTSMART IN 2019-2020 (1702 STUDENTS AND TEACHERS IN 2018-2019). 13 SCHOOLS RECEIVED ARTSMART EDUCATION SERVICES AT NO CHARGE IN 2019-20 (15 SCHOOLS IN 2018-19). 12813 945 SPOTLIGHT AWARDS ARE PRESENTED IN PARTNERSHIP WITH LIPSCOMB UNIVERSITY'S COLLEGE OF ENTERTAINMENT AND THE ARTS TO ENCOURAGE YOUNG THEATRE ARTISTS IN MIDDLE TENNESSEE. THROUGH THE PROGRAM, APPLYING HIGH SCHOOLS PARTICIPATE IN WORKSHOPS AND EVENT OPPORTUNITIES WITH THEATER PROFESSIONALS AND THEIR MUSICALS ARE EVALUATED BY A DIVERSE PANEL OF ADJUDICATORS. THE PROGRAM CULMINATES IN MAY WHERE 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." NORMALLY, THE RECIPIENTS OF THESE TWO AWARDS THEN MOVE ON TO NATIONAL CONSIDERATION FOR THE JIMMY AWARDS IN NEW YORK. HOWEVER, DUE TO COVID-19 THE 2020 JIMMY AWARDS WAS CANCELLED. THE TOP THREE SPOTLIGHT AWARDS (OUTSTANDING MUSICAL AND OUTSTANDING LEAD ACTOR AND ACTRESS) WERE EACH AWARDED $1000 SCHOLARSHIPS. IN 2019-20, 32 HIGH SCHOOLS PARTICIPATED IN THE SPOTLIGHT PROGRAM. 15 SCHOOL PERFORMANCES WERE ADJUDICATED LIVE PRIOR TO SCHOOL CLOSINGS FOR COVID-19, AND 3 WERE ADJUDICATED BY VIDEO SUBMISSION. DUE TO COVID-19, THE AWARDS CEREMONY WAS MOVED TO A VIRTUAL EVENT ONLINE. MORE THAN 800 PEOPLE ATTENDED THE VIRTUAL CELEBRATION FOR THE LIVE STREAM, WITH AN ADDITIONAL 2200 VIEWS ONLINE AFTER THE LIVE EVENT (28 HIGH SCHOOLS PARTICIPATED AND 1,747 STUDENTS, TEACHERS AND THEIR GUESTS ATTENDED THE SPOTLIGHT AWARDS IN 2018-2019). 179959 18152 22423073 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 1 188 0 1 505 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 TN X JULIE GILLEN CFO 6157824033 505 DEADERICK STREET 3RD FLOOR NASHVILLE TN 37243 KATHLEEN OBRIEN END 7119 PRESIDENT & CEO 40.00 0.30 X 332129 0 58646 JENNIFER TURNER START 51319 PRESIDENT & CEO 40.00 0.30 X 193267 0 14077 BRENT HYAMS END 43019 COO 40.00 X 157939 0 5220 JULIE GILLEN CFO 40.00 1.00 X 147759 0 6993 ROBERTA CIUFFO EVP FOR EDUCATION & COMMUNITY ENGAGEMENT 40.00 X 130416 0 11646 CHRISTI DORTCH EVP OF PROGRAMMING & SALES 40.00 X 114136 0 7413 DENISE MINATOYA START 81919 COO 40.00 X 54422 0 979 JAMES TIMM START 123119 CHIEF STRATEGY OFFICER 40.00 X 0 0 0 STEVEN G CATES BOARD MEMBER 0.50 X 0 0 0 RONALD L CORBIN BOARD MEMBER 0.50 0.30 X 0 0 0 JIM SCHMITZ IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 CLAIRE W TUCKER BOARD MEMBER 0.50 X 0 0 0 BARBARA T BOVENDER BOARD MEMBER 0.50 X 0 0 0 ANSEL L DAVIS BOARD MEMBER 0.50 X 0 0 0 EMANUEL J EADS BOARD MEMBER 0.50 X 0 0 0 ROD ESSIG BOARD MEMBER 0.50 X 0 0 0 MARTHA R INGRAM BOARD MEMBER 0.50 X 0 0 0 ANDREW TAVI BOARD MEMBER 0.50 X 0 0 0 DR PHILIP WENK BOARD MEMBER 0.50 X 0 0 0 EDDIE GEORGE BOARD MEMBER 0.50 X 0 0 0 J REGINALD HILL TREASURER 2.00 0.30 X X 0 0 0 MARK J DAVISON BOARD MEMBER 0.50 X 0 0 0 SHEILA GIBSON BOARD MEMBER 0.50 X 0 0 0 TRACY KANE BOARD CHAIR 2.00 X X 0 0 0 MELVIN MALONE BOARD MEMBER 0.50 X 0 0 0 ROBERT M HEBERT JR BOARD MEMBER 0.50 X 0 0 0 NATHAN POSS BOARD MEMBER 0.50 X 0 0 0 RHONDA TAYLOR BOARD MEMBER 0.50 X 0 0 0 GAIL WILLIAMS BOARD MEMBER 0.50 X 0 0 0 KEVIN HARTLEY SECRETARY 2.00 X X 0 0 0 JEFFREY SMITH BOARD MEMBER 0.50 X 0 0 0 STEVE MASON BOARD MEMBER 0.50 X 0 0 0 ADAM C SANSIVERI BOARD MEMBER 0.50 X 0 0 0 1130068 0 104974 6 0 1 0 PHILIP TOUR LLC 1501 BROADWAY 24TH FLOOR NEW YORK NY 10036 PRODUCER 7006700 NASHVILLE TALENT PAYMENT 5111 PRINCE PHILLIP COVE BRENTWOOD TN 37027 THEATRICAL STAGE EMPLOYEE UNION 1115686 OUTBACK PRESENTS LLC 209 TENTH AVENUE SOUTH NASHVILLE TN 37203 PROMOTER 1062869 AUTUMN SMILE US TOUR LLC 260 WEST 44TH STREET 6TH FLOOR NEW YORK NY 10036 PROMOTER 913349 NASHVILLE BALLET 3630 REDMON STREET NASHVILLE TN 37209 TENANT 836536 24 181589 832912 455808 1764680 103696 3234989 TICKET SALES 711110 17378737 17378737 TICKET SERVICE CHG/FEES 711110 3186713 3186713 REIMBURSEMENTS 711110 897967 897967 21463417 202 202 329706 54628 0 44729 329706 9899 339605 329706 9899 689582 690740 -1158 -1158 -1158 10341 181589 99767 -89426 -89426 1435933 318160 1117773 1117773 SALES TAX REBATE 711110 1176431 1176431 OTHER INCOME 711110 156937 156937 BARTER INCOME 711110 1604 1604 1334972 27400374 24245868 9899 -90382 842245 816762 25483 5914737 4683557 834371 396809 914115 630 913485 521306 366918 121993 32395 342982 342982 3369 3369 42613 42613 300 300 333762 146700 167194 19868 1225298 1215053 2974 7271 794101 663189 122070 8842 72001 48783 23218 97470 74437 18788 4245 10496 7559 2937 789667 396573 372484 20610 162155 21380 140775 ARTIST FEES 11474229 11474229 CONTRACT LABOR 1576236 1575636 600 REPAIRS & MAINTENANCE 603534 448906 154628 PRODUCTION COSTS 320276 318784 352 1140 1284976 980739 97862 206375 27325868 22423073 4155939 746856 28060 4060 13855438 12047425 123563 200842 244405 258228 41554 49034 264799 207185 11514246 6702155 5039692 4812091 427283 11908 655452 650275 20680246 18241048 1969217 701496 7943902 5123469 200804 1786617 125034 104132 10238957 7715714 X 10056426 10400234 384863 125100 10441289 10525334 20680246 18241048 74506 9539 0 X X 0 1 X 0 0 X 2934369 2888262 3269336 3850085 3234989 16177041 16525210 14095053 23117551 19400417 23229056 96367287 19459579 16983315 26386887 23250502 26464045 112544328 92830 96570 96702 113720 141322 541144 0 92830 96570 96702 113720 141322 541144 112003184 58 70 89 155 202 574 128172 163594 122702 130936 54628 600032 128230 163664 122791 131091 54830 600606 1001982 731626 1416080 1079522 1334972 5564182 20589791 17878605 27925758 24461115 27853847 118709116 0.94350 0.94240 0.00510 0.00610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 1 300 0 300 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. 4925137 2766351 2158786 6538493 3935804 2602689 50616 50616 4812091 DEPOSITS AND OTHER 104132 104132 X 28380492 507834 9539 517373 27863119 -462745 -462745 27400374 28296447 507834 463814 971648 27324799 1069 1069 27325868 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 PROVISION INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FMV OF INVESTMENTS 9,539. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES -99,767. UNRELATED BUSINESS INCOME - RENTAL EXPENSES -44,729. CONCESSION SUPPLIES EXPENSE -318,160. SILENT AUCTION DONATED ITEMS 1,069. LOSS ON DISPOSAL OF EQUIPMENT -1,158. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 99,767. UNRELATED BUSINESS INCOME - RENTAL EXPENSES 44,729. CONCESSION SUPPLIES EXPENSE 318,160. LOSS ON DISPOSAL OF EQUIPMENT 1,158. PART XII, LINE 4B - OTHER ADJUSTMENTS: SILENT AUCTION DONATED ITEMS 1,069. TPAC GALA FY 2019 181930 171589 10341 50203 7604 41960 TPAC GALA FY 2020 10000 10000 191930 181589 10341 50203 7604 41960 99767 -89426 X X X X 1 1 0 0 0 0 0 1 0 KATHLEEN OBRIEN END 7119 PRESIDENT & CEO 166442 0 5500 0 160187 0 50648 0 7998 0 390775 0 0 0 JENNIFER TURNER START 51319 PRESIDENT & CEO 183267 0 10000 0 0 0 11500 0 2577 0 207344 0 0 0 BRENT HYAMS END 43019 COO 66043 0 0 0 91896 0 0 0 5220 0 163159 0 0 0 JULIE GILLEN CFO 147759 0 0 0 0 0 0 0 6993 0 154752 0 0 0 PART I, LINES 4A-B BRENT HYAMS LEFT IN APRIL 2019 AND WAS PAID $91,896 IN SEVERANCE. TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION HAD AN EMPLOYMENT AGREEMENT WITH KATHLEEN W. O'BRIEN, FORMER CEO, TO PROVIDE A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN THAT INCLUDES DEFERRED COMPENSATION DESCRIBED IN CODE SECTIONS 457(B) AND 457(F). THIS NON-QUALIFIED PLAN IS COMMONLY KNOWN AS A RABBI TRUST TO WHICH TPAC CONTRIBUTED $50,648 DURING 2019. THIS TRUST WAS FULLY PAID OUT SUBSEQUENT TO CALENDAR YEAR 2019. IN 2019, TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION ENTERED INTO AN EMPLOYMENT AGREEMENT WITH JENNIFER TURNER, CEO. INCLUDED IN THIS AGREEMENT WAS A PAYMENT OF $11,500 TO BE HELD IN THE EXISTING DEFERRED COMPENSATION PLAN. PART I, LINE 7 THE BOARD APPROVED BONUSES FOR SEVERAL EMPLOYEES WHO PICKED UP ADDITIONAL RESPONSIBILITES AS A RESULT OF TURNOVER, WHICH TOTALED $24,000. IN ADDITION, THE PREVIOUS PRESIDENT/CEO KATHLEEN O'BRIEN RECEIVED HER FINAL BONUS OF $5,500 ON 10/18/19, AND THE CURRENT PRESIDENT/CEO RECEIVED A BONUS PER HER CONTRACT ON 5/31/19 FOR $10,000. X 3 14311 COST OF DONATED PROPERTY X MISCELLANEOUS 4 49985 COST OF DONATED PROP X DONATED LIQUOR 3 36901 COST OF DONATED PROP X EQUIPMENT RENTAL 1 1158 COST OF DONATED PROP X SILENT AUCTION ITEMS 2 1069 COST OF DONATED PROP X EVENT TICKETS 2 272 COST OF DONATED PROP 0 0 0 PART I, COLUMN (B): PART I COLUMN (B) IS REPORTED USING A COMBINATION OF THE NUMBER OF CONTRIBUTORS OR AN ESTIMATED NUMBER OF ITEMS RECEIVED. 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 - 5 POSITIONS THE TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION - 6 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. 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. FOR THE 2020-21 FISCAL YEAR, 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. TPAC WILL CONTINUE TO DISTRIBUTE THESE POLICIES ELECTRONICALLY AND COLLECT DIGITAL ACKNOWLEDGEMENTS AT THE START OF EACH FISCAL YEAR, MOVING FORWARD. FORM 990, PART VI, SECTION B, LINE 15 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. 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 832912 CASH TENNESSEE PERFORMING ARTS FOUNDATION O