2020-05-15T09:11:36-05:00 2019-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2018-07-01 134172481 LINCOLN CENTER DEVELOPMENT PROJECT INC % ROBERT CUNDALL LINC 2128755000 70 LINCOLN CENTER PLAZA 9TH FL NEW YORK NY 10023 ROBERT CUNDALL CFO 2128755000 2020-05-14 true DEVIN L DUNCAN P01249521 2127589700 2020-05-14 199.207.253.101 13407320201365000008 2020-05-15 P 3334E7B7F03F731422ECC73C4D529CE40FFEDC8C 3334E7B7F03F731422ECC73C4D529CE40FFEDC8C 2018 2020-09-23 17:36:50Z ROBERT CUNDALL 70 LINCOLN CENTER PLAZA 9TH F NEW YORK NY 10023 12763124 false X N/A X 2001 NY TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE PLANNED REDEVELOPMENT AND TRANSFORMATION OF THE LINCOLN CENTER CAMPUS. SEE SCHEDULE O FOR CONTINUATION. 3 3 5 3 0 0 2473331 1370620 2233519 11392504 0 0 0 0 4706850 12763124 0 0 0 0 877628 183410 0 0 0 3799273 12437570 4676901 12620980 29949 142144 736719 3022367 632981 2776485 103738 245882 X TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE PLANNED REDEVELOPMENT AND TRANSFORMATION OF THE LINCOLN CENTER CAMPUS. SEE SCHEDULE O FOR CONTINUATION. false false 11511214 11392504 ALL ACTIVITIES OF THE CORPORATION FURTHER THE EXEMPT AND CHARITABLE PURPOSE OF THE CORPORATION BY PROVIDING FINANCIAL, PROFESSIONAL, AND OTHER ASSISTANCE IN ERECTING, RECONSTRUCTING, RENOVATING, MODERNIZING, AND RECONFIGURING BUILDINGS OPEN TO THE PUBLIC FOR PUBLIC EXPOSITIONS AND CULTURAL ACTIVITIES. SEE SCHEDULE O. 11511214 true true false false false false false false false false true false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true X 13 0 true 5 true false false false false false false false false false false false false X 3 3 false false false false true true true true true false false true true true true true true true false false NY X ROBERT CUNDALL 2128755000 70 LINCOLN CENTER PLAZA9TH FL NEW YORK NY 10023 X PHILIP L MILSTEIN BOARD CHAIR 2.0 3.0 X 0 0 0 BART FRIEDMAN DIRECTOR 1.0 1.0 X 0 0 0 PETER L MALKIN DIRECTOR 1.0 0.0 X 0 0 0 ROBERT CUNDALL CHIEF FINANCIAL OFFICER 2.0 35.0 X 0 430291 70247 LIZA PARKER CHIEF OPERATING OFFICER 2.0 35.0 X 0 883828 215087 PETER FLAMM MANAGING DIRECTOR FROM 3/19 2.0 35.0 X 0 324185 2653 LAUREN KLEIN EVP, GENERAL COUNSEL FROM 8/18 2.0 35.0 X 0 154834 6920 DOUGLAS WOODWARD SR. DIR., REAL ESTATE PLANNING 35.0 0.0 X 25093 138010 30179 LESLEY FRIEDMAN ROSENTHAL EVP, GENERAL COUNSEL THRU 6/18 2.0 35.0 X 0 327513 -14800 TEREA HEBERT FORMER COO, LCDP 35.0 0.0 X 143324 0 0 RONALD AUSTIN FORMER EXEC. DIRECTOR, LCDP 35.0 0.0 X 264988 0 4613 433405 2258661 314899 2 true true false Rally Restoration Corporation 187 Miller St NEWARK NJ 07114 CONSTRUCTION FIRM 1544288 Diamond Schmitt Architects 384 ADELAIDE STREET WEST STE 300 ONTARIO TORONTO CA MSV IR7 ARCHITECT 566192 Development Management Inc 16 RIPPLEWATER AVENUE MASSAPEQUA NY 11758 PROJECT MANAGEMENT 464300 Turner Construction Company 375 HUDSON STREET 6TH FLOOR NEW YORK NY 10014 CONSTRUCTION FIRM 213675 Fisher Dachs Associates 22 W 19th Street 6th Floor NEW YORK NY 10011 ARCHITECT 126057 6 1370620 1370620 PLANNED REDEVELOPMENT FUNDING 230000 11392504 11392504 11392504 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12763124 11392504 0 0 0 0 0 0 83637 83637 87854 87854 5353 5353 6566 6566 0 233012 233012 21957 21957 0 0 0 96897 96897 0 7305 7305 0 0 62909 62909 94 94 0 0 0 0 58530 58530 0 REDEVELOPMENT PROJECT EXP. 11511214 11511214 LCPA ADMIN OVERHEAD 445652 445652 12620980 11511214 1109766 0 168682 347976 0 0 365275 2169630 0 0 0 0 0 0 0 0 0 0 5075 365603 322798 183640 197687 139158 0 0 0 0 0 0 0 0 0 0 736719 3022367 632981 2776485 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 632981 2776485 X 103738 245882 0 0 0 0 103738 245882 736719 3022367 142144 X false true X true false X 3512767 4337213 545619 2473331 1370620 12239550 0 0 3512767 4337213 545619 2473331 1370620 12239550 0 12239550 0 0 0 12239550 45500645 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58929 58529 400 263869 125111 138758 0 0 0 139158 0 0 X 12763124 12763124 12763124 12620980 12620980 12620980 UNCERTAIN TAX POSITIONS SCHEDULE D, PART X, LINE 2 LINCOLN CENTER RECOGNIZES THE BENEFIT OF TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINABLE BASED ON THE MERITS OF THE POSITION. true true false false false false false true false ROBERT CUNDALL CHIEF FINANCIAL OFFICER 427306 0 2985 0 43571 0 26676 0 500538 0 0 LESLEY FRIEDMAN ROSENTHAL EVP, GENERAL COUNSEL THRU 6/18 230995 0 96518 0 -31470 0 16670 0 312713 0 84375 LIZA PARKER CHIEF OPERATING OFFICER 734157 0 149671 0 181240 0 33847 0 1098915 0 116666 PETER FLAMM MANAGING DIRECTOR FROM 3/19 323555 0 630 0 -27674 0 30327 0 326838 0 0 LAUREN KLEIN EVP, GENERAL COUNSEL FROM 8/18 154500 0 334 0 0 0 6920 0 161754 0 0 TEREA HEBERT FORMER COO, LCDP 0 0 143324 0 0 0 0 143324 0 0 0 RONALD AUSTIN FORMER EXEC. DIRECTOR, LCDP 1280 40000 223708 0 0 4613 0 269601 0 0 0 DOUGLAS WOODWARD SR. DIR., REAL ESTATE PLANNING 20825 138010 0 0 4268 0 0 0 30179 0 55272 138010 0 0 FORM 990, SCHEDULE J DISCLOSURE REGARDING PAYROLL ADMINISTRATION LINCOLN CENTER DEVELOPMENT PROJECT'S (LCDP) PAYROLL IS ADMINISTERED BY LINCOLN CENTER FOR THE PERFORMING ARTS, A RELATED SECTION 501(C)(3) PUBLIC CHARITY. LCDP REIMBURSES LCPA FOR SALARIES AND BENEFITS OF EMPLOYEES WORKING ON BEHALF OF LCDP. FORM 990, SCHEDULE J, PART I, LINE 3 LCDP'S MANAGING DIRECTOR IS PAID BY LCPA, A RELATED ORGANIZATION, WITH COMPENSATION GOVERNED BY A WRITTEN CONTRACT AMENDED BY LCPA IN 2019 TO INCLUDE COMPENSATION RELATED TO SERVICE AS MANAGING DIRECTOR OF LCDP. IN DETERMINING THE MANAGING DIRECTOR'S COMPENSATION RELATED TO LCDP, LCPA REVIEWED COMPENSATION BENCHMARKS FOR PERSONS WITH SIMILAR RESPONSIBILITIES FROM COMPARABLE DEVELOPMENT COMPANIES AND PRIOR WRITTEN LCPA CONTRACTS. THE INDIVIDUALS INVOLVED IN ASSESSING AND DETERMINING COMPENSATION FOR THE MANAGING DIRECTOR DID NOT HAVE A CONFLICT OF INTEREST UNDER LCPA'S OR LCDP'S CONFLICT OF INTEREST POLICY. THE LCDP BOARD ELECTS THE MANAGING DIRECTOR AND APPROVES THE LCDP BUDGET, WHICH INCLUDES A PORTION OF THE MANAGING DIRECTOR'S TOTAL COMPENSATION. FORM 990, SCHEDULE J, PART I, LINES 4A-B TEREA HEBERT, FORMER COO, LCDP - MS. HEBERT'S COMPENSATION INCLUDES A SEVERANCE PAYMENT OF $143,324. RONALD AUSTIN, FORMER EXECUTIVE DIRECTOR, LCDP - MR. AUSTIN'S COMPENSATION INCLUDES A SEVERANCE PAYMENT OF $190,000. AMOUNTS IN COLUMN (B)(III) INCLUDE TAXABLE PAYMENTS UNDER A 457(F) DEFERRED COMPENSATION PLAN: LIZA PARKER $145,833; LESLEY FRIEDMAN ROSENTHAL $84,375. FORM 990, SCHEDULE J, PART I, LINE 7 FORMER EXECUTIVE Director RONALD AUSTIN RECEIVED A DISCRETIONARY, NON-FIXED BONUS OF $40,000 in calendar Year 2018. FORM 990, SCHEDULE J, PART II, COLUMN (C) THE CHANGE IN PENSION VALUE CAN BE ATTRIBUTED TO THREE MAIN AREAS, (1)THE EMPLOYEES AGE BY ONE YEAR, (2) THE EMPLOYEE EARNS AN ADDITIONAL YEAR ON BENEFIT ACCRUAL AND (3) THE CHANGES IN THE YIELD CURVE. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 AND PART III, LINE 1 TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE PLANNED REDEVELOPMENT AND TRANSFORMATION OF THE LINCOLN CENTER CAMPUS AND TO PROVIDE A MYRIAD OF SERVICES THAT WOULD FOSTER THE PERFORMING ARTS TO IMPROVE THE CULTURAL LIFE OF COMMUNITIES THROUGHOUT THE UNITED STATES AND THE WORLD. PROGRAM SERVICES FORM 990, PART III, LINE 4a ALL OF LCDP'S ACTIVITIES FURTHER ITS TAX-EXEMPT AND CHARITABLE PURPOSE BY EMBRACING LCPA'S GOAL OF FOSTERING THE PERFORMING ARTS TO IMPROVE THE CULTURAL LIFE OF COMMUNITIES THROUGHOUT THE UNITED STATES AND THE WORLD, AND PROVIDING ASSISTANCE IN ERECTING, RECONSTRUCTING, RENOVATING, MODERNIZING AND RECONFIGURING BUILDINGS OPEN TO THE PUBLIC FOR PUBLIC EXPOSITIONS AND CULTURAL ACTIVITIES. During the fiscal year ended June 30, 2019 Redevelopment Project expenses primarily consisted of travertine restoration, schematic design and other critical projects for the David Geffen Hall renovation. DISCLOSURE REGARDING PAYROLL ADMINISTRATION FORM 990, PART V, LINE 2A AND PART VII LINCOLN CENTER DEVELOPMENT PROJECT'S (LCDP) PAYROLL IS ADMINISTERED BY LINCOLN CENTER FOR THE PERFORMING ARTS, A RELATED SECTION 501(C)(3) PUBLIC CHARITY. LCDP REIMBURSES LCPA FOR SALARIES AND BENEFITS OF EMPLOYEES WORKING ON BEHALF OF LCDP. GOVERNING BODY AND MANAGEMENT FORM 990, PART VI, LINES 6, 7A AND 7B THERE ARE NO STOCKHOLDERS. THE BOARD IS A SINGLE MEMBER CORPORATION, WITH LINCOLN CENTER FOR THE PERFORMING ARTS, INC. AS ITS SOLE MEMBER, WITH THREE DIRECTORS DESIGNATED BY LINCOLN CENTER FOR THE PERFORMING ARTS, INC. VOTING MEMBERS HAVE THE GENERAL POWER TO CONTROL AND MANAGE THE AFFAIRS AND PROPERTY OF LCDP AND ADOPT RULES AND REGULATIONS GOVERNING ITS ACTIONS. CERTAIN GOVERNANCE DECISIONS ARE RESERVED TO LCDP'S SOLE MEMBER, LINCOLN CENTER FOR THE PERFORMING ARTS, INC., INCLUDING THE RIGHT TO REMOVE A DIRECTOR WITH OR WITHOUT CAUSE AND THE RIGHT TO CHANGE THE NUMBER OF DIRECTORS ON THE BOARD. ADDITIONALLY, NOTICE OF BOARD MEETINGS MUST BE GIVEN TO LINCOLN CENTER FOR THE PERFORMING ARTS, INC. FORM 990 REVIEW FORM 990, PART VI, LINE 11B LCDP'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTING FIRM WITH DATA PROVIDED BY ITS FINANCE STAFF. WHEN LCDP'S STAFF AND ACCOUNTING FIRM APPROVE THE DRAFT RETURN, IT IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. LCDP'S BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY FOR REVIEWING FORM 990 TO THE AUDIT COMMITTEE. WHEN THE AUDIT COMMITTEE APPROVES THE FINAL DRAFT, A COPY IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C LCDP BOARD MEMBERS AND SENIOR STAFF ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST FORM EACH FISCAL YEAR TO CONFIRM THEIR COMPLIANCE WITH LCDP'S CONFLICT OF INTEREST POLICY. THE SECRETARY REVIEWS ALL QUESTIONNAIRES AND DETERMINES TOGETHER WITH THE AUDIT COMMITTEE WHETHER A CONFLICT OF INTEREST IN FACT EXISTS. DURING THE JUNE 30, 2019 TAX YEAR, NO POTENTIAL NEW CONFLICTS WERE REPORTED. IN THE EVENT OF A POTENTIAL CONFLICT INVOLVING AN EXISTING OR ONGOING ACCOUNT, ARRANGEMENT, RELATIONSHIP OR TRANSACTION, THE AUDIT COMMITTEE OR THE BOARD EVALUATES THE BENEFITS AND APPROPRIATENESS OF THE ACCOUNT, ARRANGEMENT, RELATIONSHIP OR TRANSACTION TO ENSURE THAT IT HAS BEEN AND CONTINUES TO BE HANDLED WITHIN ACCEPTABLE STANDARDS OUTLINED IN THIS POLICY. COMPENSATION FORM 990, PART VI, LINE 15A LCDP'S MANAGING DIRECTOR IS PAID BY LCPA, A RELATED ORGANIZATION, WITH COMPENSATION GOVERNED BY A WRITTEN CONTRACT AMENDED BY LCPA IN 2019 TO INCLUDE COMPENSATION RELATED TO SERVICE AS MANAGING DIRECTOR OF LCDP. IN DETERMINING THE MANAGING DIRECTOR'S COMPENSATION RELATED TO LCDP, LCPA REVIEWED COMPENSATION BENCHMARKS FOR PERSONS WITH SIMILAR RESPONSIBILITIES FROM COMPARABLE DEVELOPMENT COMPANIES AND PRIOR WRITTEN LCPA CONTRACTS. THE INDIVIDUALS INVOLVED IN ASSESSING AND DETERMINING COMPENSATION FOR THE MANAGING DIRECTOR DID NOT HAVE A CONFLICT OF INTEREST UNDER LCPA'S OR LCDP'S CONFLICT OF INTEREST POLICY. THE LCDP BOARD ELECTS THE MANAGING DIRECTOR AND APPROVES THE LCDP BUDGET, WHICH INCLUDES A PORTION OF THE MANAGING DIRECTOR'S TOTAL COMPENSATION. DOCUMENT AVAILABILITY FORM 990, PART VI, LINE 19 LCDP makes its annual financial statements available on Lincoln Center's website. Other governing documents and 990 are available upon request. LINCOLN CENTER FOR THE PERFORMING ARTS 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 131847137 PERF. ARTS NY 501(C)(3) 7 NA false false false true false false false false false false false false true true false false false false false