2020-11-12T12:59:33-06:00 2019-12-31 330810710 SWENSON ADVISORS LLP 25220 HANCOCK AVE SUITE 240 MURRIETA CA 92562 990 2019-01-01 900126641 NTC FOUNDATION NTCF 6192261490 2820 ROOSEVELT ROAD STE 201 SAN DIEGO CA 92106 CHRIS KIEFER CFO 6192261490 2020-11-12 1 DONALD WATSON P00708143 9514454700 2020-11-12 73.34.17.5 2020-11-12 10:21:02 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7D8A8F0BFC1D086FE46367A0676B3821C393E5A6 2019 2021-01-29 14:40:06Z CHRIS KIEFER 2820 ROOSEVELT ROAD STE 201 SAN DIEGO CA 92106 4574296 0 X WWW.NTCFOUNDATION.ORG X 2000 CA TO ACQUIRE, RENOVATE AND PRESERVE THE LAND AND THE FACILITIES OF THE FORMER NAVAL TRAINING CENTER ("NTC"), DESIGNATED AS THE "HISTORIC ARTS AND CULTURE DISTRICT". GENERAL PURPOSES OF THE FOUNDATION ARE TO OPERATE THE ARTS AND CULTURE DISTRICT AND DEVELOP PROGRAMS THAT PIONEER THE IMAGINATIVE USE OF THE ARTS AND CULTURE DISTRICT PRESERVING THE DIVERSE CULTURE OF THE SAN DIEGO REGION. 17 16 19 20 0 0 364006 474401 2995981 3685311 230070 91456 545461 323128 4135518 4574296 0 0 0 0 604389 851110 3847 18792 84204 3475532 4252136 4083768 5122038 51750 -547742 44264735 42932584 19073451 18266230 25191284 24666354 X TO ACQUIRE, RENOVATE AND PRESERVE THE LAND AND THE FACILITIES OF THE FORMER NAVAL TRAINING CENTER ("NTC"), DESIGNATED AS THE "HISTORIC ARTS AND CULTURE DISTRICT". GENERAL PURPOSES OF THE FOUNDATION ARE TO OPERATE THE ARTS AND CULTURE DISTRICT AND DEVELOP PROGRAMS THAT PIONEER THE IMAGINATIVE USE OF THE ARTS AND CULTURE DISTRICT PRESERVING THE DIVERSE CULTURE OF THE SAN DIEGO REGION. 0 0 122630 321349 REHABILITATION OF THE NTC "CIVIC ARTS & CULTURAL CENTER" 4317026 3685311 LEASING, PROGRAMMING, AND OPERATING THE NTC CIVIC ARTS AND CULTURE CENTER 1779 THE FOUNDATION LEASES SPACE TO COMMERCIAL BUSINESSES ON A SHORT-TERM BASIS FOR PERIODS GENERALLY LESS THAN A YEAR. 1779 4439656 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 22 0 1 19 1 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CA X X CHRIS KIEFER 6192261440 2820 ROOSEVELT RD SUITE 201 SAN DIEGO CA 92106 JUDY MCDONALD COMMUNITY LEADER 5.00 X 0 0 0 LISA JOHNSON PRESIDENT & CEO 40.00 X X 151380 0 6000 KURT CHILCOTT TREASURER, CDC SMALL BUSIN 5.00 X 0 0 0 RICH GUSTAFSON CITYMARK DEVELOPMENT 5.00 X 0 0 0 LORI FLEET MARTIN PAST-CHAIR, COMMUNITY LEAD 5.00 X 0 0 0 VICTORIA HAMILTON JACOBS CENTER FOR NEIGHBOR 5.00 X 0 0 0 KATHLEEN KRENTLER PROFESSOR, SAN DIEGO STATE 5.00 X 0 0 0 IVAR LEETMA ATTORNEY, REAL ESTATE DEVELOPER 5.00 X 0 0 0 VICTORIA REED COMMUNITY LEADER 5.00 X 0 0 0 JASON PAGUIO COMMUNITY LEADER 5.00 X 0 0 0 LINDY MAMER BANKING, COMMUNITY LEADER 5.00 X 0 0 0 KAYE HOBSON COMMUNITY VOLUNTEER 5.00 X 0 0 0 KEN STIPANOV CHAIR, REAL ESTATE PROFESS 10.00 X 0 0 0 BURT ESPE THE OHANA BAYAN PROJECT 5.00 X 0 0 0 LYNNETTE TESSITORE SECRETARY, CULTURAL ARTS M 5.00 X 0 0 0 SALOMON MAYA TELEVISA 5.00 X 0 0 0 JUDITH NORA VICE-CHAIR, PELL INVESTMEN 10.00 X 0 0 0 ALAN ZITER EXECUTIVE DIRECTOR 40.00 X 135531 0 6000 CHRISTOPHER KIEFER CFO 40.00 X 130486 0 4816 417397 0 16816 3 0 1 0 3 400134 74267 474401 LEASING, PROGRAMMING A 532000 3685311 3685311 3685311 91456 91456 DEVELOPER FEE 900099 275000 275000 PROGRAM RESIMBURSEMENT 900099 41349 41349 BUILDING 178 DEVELOPME 900099 5000 5000 1779 1779 323128 4574296 4008439 0 91456 417396 334872 57922 24602 433714 347963 60187 25564 44104 7767 32224 4113 209816 36500 173316 18792 18792 22483 5935 16057 491 160530 138822 21458 250 722628 671491 50848 289 19270 10219 54 8997 284471 268838 15633 776 38 708 30 2965 626 2063 276 677968 561080 116888 1244753 1234535 10218 32842 30979 1863 ALL OTHER EXPENSES 622257 587320 34836 101 OTHER EVENTS 163583 160928 1956 699 LIBERTY SCHOOL 41016 41016 STAFF DEVELOPMENT 2316 400 1916 358 327 31 5122038 4439656 598178 84204 1485665 1143590 260256 524101 4683907 4422406 32491 30715 46459198 13019682 34386645 33439516 1454642 1454642 1961129 1917614 44264735 42932584 1638343 1390490 2391316 1923193 15043792 14952547 19073451 18266230 X 24887847 24586471 303437 79883 25191284 24666354 44264735 42932584 -547742 22812 0 X X 0 1 X 1 0 X 1603538 338882 378273 364006 474401 3159100 2105122 2380181 2430885 3685311 10601499 1320512 178361 560308 275000 2334181 2924050 2444004 2936815 3355199 4434712 16094780 1072500 17500 32500 11250 1133750 0 1072500 17500 32500 11250 1133750 14961030 838958 120380 217381 230070 91456 1498245 838958 120380 217381 230070 91456 1498245 5195087 474622 715784 550249 48128 6983870 8958095 3039006 3869980 4135518 4574296 24576895 0.60870 0.48440 0.06100 0.08080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45620183 12685350 32934833 620660 221838 398822 77491 63060 14431 140864 49434 91430 33439516 X 5300447 2097897 2097897 3202550 1371746 1371746 4574296 6169437 1153604 1153604 5015833 106205 106205 5122038 PART X, LINE 2: THE FOUNDATION USES A LOSS CONTINGENCIES APPROACH FOR EVALUATING UNCERTAIN TAX POSITIONS AND CONTINUALLY EVALUATES CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION DID NOT HAVE UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2019 AND 2018 AND DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. IN CONNECTION WITH THE ADOPTION OF THE GUIDANCE PERTAINING TO UNCERTAIN TAX POSITIONS, THE FOUNDATION WILL RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. AS OF DECEMBER 31, 2019 AND 2018, THE FOUNDATION HAD NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM NON-SMLLCS 2,097,897. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED CONTRIBUTIONS 30,290. NTC FOUNDATION AND SMLLC REVENUE THAT WAS ELIMINATED DURING CONSOLIDATION 1,341,456. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES INCURRED BY NON-SMLLCS 1,153,604. PART XII, LINE 4B - OTHER ADJUSTMENTS: NTC FOUNDATION AND SMLLC EXPENSES THAT WERE ELIMINATED UPON CONSOLIDATION 106,205. 1 ANN LADON 285 VIA PISA DEL MAR CA 92014 DEVELOPMENT OF FUNDRIASING PLAN 0 0 17842 -17842 17842 -17842 CA 0 0 0 0 0 0 0 0 0 LISA JOHNSON PRESIDENT & CEO 151380 0 0 0 0 0 0 0 6000 0 157380 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S GOVERNING BODY REVIEWS AND COMPARES FORM 990 TO ITS IN-HOUSE PREPARED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REISSUED EVERY YEAR. BOARD MEMBERS WITH CONFLICTS OF INTEREST ARE RECUSED FROM THE DISCUSSIONS OF THE CONFLICTING SUBJECT. FORM 990, PART VI, SECTION C, LINE 19 NTC FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABE TO THE PUBLIC UPON REQUEST AND ON THE WEBSITE WWW.GUIDESTAR.COM. FORM 990, PART XII, LINE 2C THE PROCESS FOR THE COMMITTEE'S OVERSIGHT OF THE AUDIT OF THE FOUNDATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. ELECTION UNDER IRC SECTION 168(H)(6)(F)(II) ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY THE LIMITED LIABILITY COMPANY LOCATED AT 2825 DEWEY RD., SUITE 207, SAN DIEGO, CA 92106 HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF APPLYING THE RULES FOUND IN I.R.C. SECTION 168(H)(6). THIS ELECTION IS AVAILABLE TO BE MADE BY AN ENTITY THAT IS NOT TAX-EXEMPT, BUT WHICH IS CONTROLLED 50% OR MORE BY A TAX-EXEMPT ENTITY. NTC LIBERTY STATION II, LLC QUALIFIES TO MAKE SUCH ELECTION, AS IT IS OWNED 100% BY NTC FOUNDATION (A TAX-EXEMPT ENTITY). THE PURPOSE OF THIS ELECTION IS TO TREAT THE ENTITIES ALLOCABLE SHARE OF DEPRECIABLE PROPERTY OWNED BY NTC LIBERTY STATION II, LLC AS PROPERTY WHICH IS NOT TAX-EXEMPT-USE PROPERTY. NTCF LIBERTY STATION 1 2820 ROOSEVELT RD SUITE 201 SAN DIEGO CA 92106 203805723 RENTAL CA -241649 18569613 NTCF LIBERTY STATION 35 2820 ROOSEVELT RD SUITE 201 SAN DIEGO CA 92106 474654082 RENTAL CA 168710 522405 NTC LIBERTY STATION II LLC 2820 ROOSEVELT RD SUITE 201 SAN DIEGO CA 92106 452765588 RENTAL CA 26011 16630689 NTC LIBERTY 19 OWNER LP 2820 ROOSEVELT RD SUITE 201 SAN DIEGO CA 92106 264220497 LEASING CA N/A N/A 0 0 NTC LIBERTY 19 MASTER TENANT LP 2820 ROOSEVELT RD SUITE 201 SAN DIEGO CA 92106 264220544 RENTAL CA NTC FOUNDATION RELATED 19292 708498 0 0 0.99990 NTC II TENANT LP 2820 ROOSEVELT RD SUITE 201 SAN DIEGO CA 92106 452765746 RENTAL CA NTC FOUNDATION RELATED 31978 3129150 0 0 0.99990 NTC MANAGER INC 2820 ROOSEVELT RD SUITE 201 SAN DIEGO CA 92106 203805802 REAL ESTATE MANAGEMENT CA NTC FOUNDATION C -10462 1222979 1.00000 1 NTC LIBERTY 19 INC 2820 ROOSEVELT RD SUITE 201 SAN DIEGO CA 92106 264220299 REAL ESTATE MANAGEMENT CA NTC FOUNDATION C -65211 405200 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NTC LIBERTY 19 OWNER LP D 2200000 FINANCIAL STATEMENTS NTC MANAGER INC D 94600 FINANCIAL STATEMENTS NTC LIBERTY 19 MASTER TENANT LP D 1930 FINANCIAL STATEMENTS NTC LIBERTY 19 INC D 40749 FINANCIAL STATEMENTS NTC II TENANT LP D 1193066 FINANCIAL STATEMENTS