2019-05-10T15:05:34-07:00 2018-06-30 990 2017-07-01 203523938 OPAS FOUNDATION OPAS 4023450202 1200 Douglas Omaha NE 68102 Joan Squires President 4023450202 2019-05-10 72.8.202.97 2017 2019-02-21 02:37:17Z Joan H Squires 1200 Douglas St Omaha NE 68102 9143270 0 X X 2005 NE The mission of OPAS Foundation is to further the objectives and purpose of Omaha Performing Arts Society. 5 5 0 0 0 0 35000000 0 2006547 2006547 335172 1797083 0 0 37341719 3803630 1870000 3650000 0 0 26647 26647 0 0 0 1876661 1947162 3773308 5623809 33568411 -1820179 106056843 106171108 1278280 1139585 104778563 105031523 The mission of OPAS Foundation is to further the objectives and purpose of Omaha Performing Arts Society. 0 0 3865143 1900000 3803630 OPAS Foundation owns the Holland Performing Arts Center and leases the building to Omaha Performing Arts Society to further the mission of that organization. 1750000 1750000 0 OPAS Foundation provides operational support to Omaha Performing Arts Society in the form of an annual grant. 0 0 0 5615143 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOAN H SQUIRES 4023450202 1200 Douglas Omaha NE 68102 JOHN GOTTSCHALK CHAIR 1 1 X X 0 0 0 MICHAEL B YANNEY DIRECTOR 1 0 X 0 0 0 JACK KORALESKI DIRECTOR 1 1 X 0 0 0 CARL G MAMMEL DIRECTOR 1 1 X 0 0 0 JOHN BOYER SECRETARY 1 1 X X 0 0 0 JOAN H SQUIRES PRESIDENT 5 60 X 0 479250 18749 ARNOLD REEVES SENIOR VP AND CFO, TREASURER 5 45 X 0 162310 27483 0 641560 46232 0 0 1 0 0 0 Rent 900099 2006547 2006547 0 0 0 0 0 0 2006547 234770 234770 0 0 0 0 0 0 0 0 0 0 0 0 6901953 0 5339640 0 1562313 0 1562313 1562313 0 0 0 3803630 3803630 0 0 3650000 3650000 0 0 0 0 0 0 26647 19985 6662 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2004 0 2004 0 0 0 0 0 0 0 35998 35998 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2037034 2037034 0 0 -127874 -127874 0 0 0 0 0 0 5623809 5615143 8666 0 29951 69153 173587 173982 1139932 1141159 87907106 25960549 63983592 61946557 40729781 42840257 106056843 106171108 1106588 1035239 171692 104346 1278280 1139585 X 64305254 62442611 40473309 42588912 0 0 104778563 105031523 106056843 106171108 -1820179 2073139 0 0 0 0 X 0 1 1 0 X 125000 800025 42789 35000000 0 35967814 2006547 2006547 2006547 2006547 2006547 10032735 2131547 2806572 2049336 37006547 2006547 46000549 46000549 18367 234770 253137 0 0 0 18367 234770 253137 2131547 2806572 2049336 37024914 2241317 46253686 0.99453 0.99960 0.00547 0.00040 X 40945843 0 3861134 0 1750000 0 43056977 967320 35000000 4978523 0 0 0 40945843 925084 42789 -553 0 0 0 967320 0 925025 59 0 0 0 925084 0 0 0 0 0 0 0 0.01 0 0.99 0 0 0 6342906 6342906 0 81564200 25960549 55603651 0 0 0 0 0 0 0 0 0 0 0 0 61946557 0 Due to OPAS 104346 104346 X Schedule D, Part V, Line 4 To support operations of Omaha Performing Arts Society. Schedule D, Part X, Line 1 In FY16, the Organization acquired a parcel of land which was paid for by Omaha Performing Arts Society. The Organization will pay back the liability to Omaha Performing Arts Society over three years. Schedule D, Part X, Line 2 Management evaluated the Organization's tax positions and concluded that the Organization had maintained its tax exempt status and had taken no uncertain tax positions that require adjustment to the consolidated financial statements. No provision or liability for income taxes has been included in the consolidated financial statements. 1 Omaha Performing Arts Society 1200 Douglas St Omaha NE 68102 470832480 501(c)(3) 3650000 0 0 To further the mission of Omaha Performing Arts Society. 1 0 Schedule I, Part I, Line 2 OPAS Foundation granted $1,900,000 to Omaha Performing Arts Society for support of the maintenance and operations of the Holland Performing Arts Center and the Orpheum Theater. The request was discussed and approved by the Board of Directors. Omaha Performing Arts Society provides information about maintenance and capital improvement projects and operations annually to the OPAS Foundation. Additionally, OPAS Foundation granted $1,750,000 to Omaha Performing Arts Society for support of general operations. This request as also discussed and approved by the Board of Directors. 0 1 0 0 0 0 0 0 0 JOAN H SQUIRES PRESIDENT 0 328916 0 46550 0 103784 0 10800 0 7679 0 497729 0 0 ARNOLD REEVES SENIOR VP AND CFO, TREASURER 0 161976 0 0 0 334 0 6838 0 20645 0 189793 0 0 Schedule J, Part I, Line 4 An Officer is a participant in a 457(f) deferred compensation plan sponsored by OPAS Foundation. Vesting and related payments are based on years of service. Schedule J, Part II An Officer is a participant in an endorsement split-dollar life insurance plan and a deferred compensation plan which is intended to meet the requirements of 409(a) and 457(f). Both plans are sponsored by OPAS Foundation, a related organization of OPAS. Under the plan, OPAS Foundation endorses the right to designate a beneficiary for the portion of the death benefit in excess of the greater of the cash surrender value or premiums paid. The value of the right, which was included in the Officer's reportable compensation, was $1,499. OPAS Foundation also sponsors an additional 457(f) deferred compensation plan effective January 1, 2014. As of 6/30/208, the Officer's deferred compensation account was credited with $100,000. Form 990, Part VI, Section B, Line 11b Before filing, a copy of the Form 990 and all required schedules were provided to each voting member of the Board of Directors. Each member is instructed to contact the President of the organization with any questions or concerns, and is given ten days to do so before the return is filed. Form 990, Part VI, Section B, Line 12c Each May, a conflict of interest disclosure form is distributed to all voting members of the Board of Directors. Each member has one month to return the form. Any conflict of interest is discussed at the next board meeting with appropriate actions taken by the Chairperson of the Board. Form 990, Part VI, Section B, Line 15 The Chairman of the Board of Directors is responsible for the completion and implementation of evaluation and compensation for the President. Prior to the conclusion of the fiscal year, and in conjunction with the budget preparation process for the subsequent fiscal year, the Chairman shall be responsible for recommending the compensation and benefits of the President. The development of the final compensation package may use market-based data that is independent of OPA. In addition, an outside consultant may be engaged to conduct an independent review periodically as determined by the Chairman to ensure that the information is timely and appropriate. The Chairman's assessment shall be provided for review to a Compensation Committee comprised of not less than two other members of the Board of Directors. Following the Compensation Committees' approval, the Board of Directors will make the final approval prior to the end of the fiscal year and note its actions in its minutes. Form 990, Part VI, Section C, Line 19 No documents available to the public. OMAHA PERFORMING ARTS SOCIETY 1200 DOUGLAS OMAHA NE 68102 470832480 PERFORMING ARTS CENTER NE 501(c)(3) N/A 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 OMAHA PERFORMING ARTS SOCIETY b 3650000 OMAHA PERFORMING ARTS SOCIETY j 2006547