2018-12-07T10:53:15-06:00 2018-06-30 MARCUM LLP ONE SE THIRD AVENUE SUITE 1100 MIAMI FL 33131 990 2017-07-01 592809056 New World Symphony Inc C/O DAVID PHILLIPS % DAVID PHILLIPS NEWW 3054286700 500 17TH STREET MIAMI BEACH FL 33139 DAVID PHILLIPS EVP & CFO 3056733330 2018-12-03 true Michael H Novak P01074800 3059959600 167.68.126.113 60323320183415000000 2018-12-07 P 61EB38E51F105C1391561C5FC99B006B3C8F3F95 61EB38E51F105C1391561C5FC99B006B3C8F3F95 2017 2019-02-21 02:37:17Z DAVID PHILLIPS 500 17TH STREET MIAMI BEACH FL 33139 17133688 false X www.nws.edu X 1987 FL THE NEW WORLD SYMPHONY, AMERICA'S ONLY FULL-TIME ORCHESTRAL ACADEMY, PREPARES GIFTED GRADUATES OF PRESTIGIOUS MUSIC PROGRAMS FOR SUCCESSFUL CAREERS IN ORCHESTRAS AND ENSEMBLES. 36 36 102 91 -847105 -847105 16310362 10034282 1638221 1709271 1964873 3929506 -702806 -1183874 19210650 14489185 1547985 1525253 0 0 1764321 1279306 0 0 2997766 16614757 17780743 19927063 20585302 -716413 -6096117 261719205 258976273 24344409 23956537 237374796 235019736 X THE MISSION OF THE NEW WORLD SYMPHONY IS TO PREPARE GIFTED GRADUATES OF DISTINGUISHED MUSIC PROGRAMS FOR LEADERSHIP ROLES IN ORCHESTRAS AND ENSEMBLES THROUGHOUT THE WORLD. THE NEW WORLD SYMPHONY, AMERICAS ORCHESTRAL ACADEMY (NWS), OFFERS A THREE-YEAR POSTGRADUATE FELLOWSHIP PROGRAM FOCUSING ON MUSICAL TECHNIQUE, PERFORMANCE, AUDIENCE DEVELOPMENT, AND COMMUNITY ENGAGEMENT. FOUNDED IN 1987 BY MICHAEL TILSON THOMAS AND TED ARISON, NWS SEEKS TO EXPAND ITS 87 FELLOWS MUSICAL AND PROFESSIONAL HORIZONS BEYOND TRADITIONAL CONSERVATORY TRAINING. VISITING FACULTY OFFER MASTER CLASSES, COACHING, PRIVATE LESSONS, AND ADVANCED SEMINARS IN AUDITION TRAINING, PERFORMANCE PSYCHOLOGY, COMMUNICATIONS, AND COMMUNITY ENGAGEMENT. IN ADDITION, NWS FELLOWS PERFORM WEEKLY CONCERTS, PLAYING A DIVERSE REPERTOIRE IN AN ARRAY OF PERFORMANCE FORMATS. NWS ENVISIONS A STRONG AND SECURE FUTURE FOR CLASSICAL MUSIC, SEEKING TO REDEFINE, REAFFIRM, AND SHARE ITS TRADITIONS WITH AS MANY PEOPLE AS POSSIBLE. NWS CAMPUS, NEW false false 6715446 1525253 1709271 The Fellowship Program - Fellowship activities are structured under the areas of Orchestral Performance and Musicianship, Community and Audience Engagement, Leadership Development and Wellness. Each year, more than 150 visiting artists and coaches work with NWS Fellows, offering master classes and private lessons as well as instruction in audition preparation, performance psychology, communications, and community engagement. Instrumental coaches help prepare performance repertoire, lead sectional rehearsals, coach within ensemble settings, and play side-by-side with NWS Fellows in rehearsals and performances. Fellows learn how to connect with audience members in the concert hall and in the community. NWS leadership development curriculum prepares Fellows to be self confident, influential "artist-leaders" in whatever professional endeavors they pursue. Leveraging the Internet2 network-a highspeed, next generation Internet-NWS Fellows also conduct and receive lessons, master classes, interviews, and rehearsals with musicians, composers, and performers around the world. Fellows participate in approximately 65 classical music presentations throughout a 35-week season, with most performances taking place at the New World Center in Miami Beach. Concert repertoire includes solo, chamber ensemble, and full orchestra works ranging from centuries-old compositions to world premiere commissions. Programming includes an orchestra subscription series; chamber music concerts; childrens concerts; late-night "club-style" concerts; and a contemporary music series. The result of a multi-tiered training approach is an ever-growing cadre of NWS Fellows and alumni equipped with a deeper understanding of diverse styles and traditions within classical music; the ability to articulate this in their playing; and the skill to share their deeper understanding with audiences and with the next generation of musicians. Since NWS' founding, more than 1,100 alumni have gone on to make a difference in communities and organizations worldwide. 6562822 Audience Research and Development - NWS has linked several alternate performance formats to ongoing audience research. Confronted with an economic downturn, an aging audience, and more than a generation of potential audiences with limited exposure to classical music, orchestras nationwide have tested alternative ways to attract new audiences. This effort is essential for orchestras artistic and fiscal health. NWS alternate performance formats include the following: *Pulse Concerts: late-night concerts featured visually enhanced performances in the concert hall and an "unplugged" performance interspersed with a set of DJ-spun electronica. Cocktail bars inside the hall, club-style lighting, and video projections mark these cutting-edge musical, social, and dance events. *WALLCAST Concerts: the live projection of select NWS concerts onto the 7,000 sq. ft. front faade of New World Center. These free, high-definition broadcasts are viewed by local residents and tourists gathered in adjacent SoundScape Park. Each of these monthly outdoor presentations attracts an average of 2,000 attendees. *New Audience Fellow Initiative: NWS offers its Fellows several opportunities to create musical interactions with audiences inside the concert hall and in the community. These Fellow-driven concerts and events are collectively referred to as the New Audience Fellow Initiative. These experiences empower Fellows to make decisions, with staff support, regarding artistic content, target audiences, program design and marketing strategy, and project budgets. The planning and execution of these concerts and events guides Fellows professional development. The cycle of data gathering, content refinement, marketing redesign, and performance is ongoing. As part of this process, audiences are surveyed for their reactions to the alternate formats; this dialogue gives them a voice in the creative process and helps deepen their relationship to the Fellows, the music, and NWS. Results to date show promise. Alternate format concerts have allowed symphony orchestras and classical music presenters to take informed risks in their audience growth initiatives. NWS Artistic Director Michael Tilson Thomas, NWS Fellows, and the institutions collaborating artists continue to reimagine the concert experience using video, lighting, and theatrical enhancements. These explorations intrigue audiences and deepen their understanding of the music; they also provide Fellows with new perspectives that will inform their careers as they build on these models. NWS is a leader in using digital technology to enhance classical music performance and education, both in the concert hall and online. NWS is the lead partner and curator of MUSAIC, an online video library of master classes, orchestral excerpts, how-to lessons, interviews, and performances. This free repository serves classical music students, professionals, and aficionados. Fellows benefit from its use as well while also creating content for the site. NWS maintains partnerships with nine major music schools around the world, all of which regularly contribute content to the site. During the opening session of their 2013 conference, League of American Orchestras President and CEO Jesse Rosen noted, "The New World Symphony is one of our beacons for taking innovation to the next level. They have not only been testing new concert formats, but they have been adjusting as they go-getting audience input, evaluating the results, and collaborating with [partner orchestras in] San Diego, Charlotte, Memphis, Detroit, and Kansas City to extend the tests outward." NWS considers its work a major step forward in bringing new ideas and research-based findings to the orchestra world. 152624 Community Engagement - Community engagement is an important part of the NWS mission. The 21st-century musician needs a set of non-music skills in addition to exceptional musical technique. NWS community engagement programs are learning experiences for the Fellows and for our partners in the South Florida community, across the U.S., and internationally. The broad array of musical and educational offerings provides families, students, teachers, and adults of all ages opportunities to learn and to experience classical music. NWS Community Engagement activities include the following: *NWS in the Schools and Community: Fellows visit area schools to make 45-minute interactive and thematic musical presentations aimed at helping students discover and become excited about classical music. NWS Fellows also play in various other community venues, including hospitals, hospices, and senior centers. *Inside the Music: This series of free, hour-long presentations at New World Center allows NWS Fellows to provide an intimate and interactive view into the world of classical music and symphony musicians. Topics range from music appreciation to the historic contexts of composers and more, and audience members are encouraged to participate by asking questions and taking part in post-presentation discussions. *Rehearsal Observations: Local groups are invited to attend orchestra rehearsals with internationally renowned conductors and soloists. Prior to rehearsals, participants meet with Fellows to learn about both the musical pieces and the instruments. Participating organizations include K-12 schools, universities, and adult learning centers. *Education Concerts: These daytime concerts are designed to introduce schoolchildren to the concert-going experience, major orchestral works, and famous composers. NWS provides free transportation for all attendees, and teachers receive a study guide to heighten the educational impact of the performance. A post-produced broadcast of the concerts is made available online for students in schools around the country. *Side-by-Side Concert: This program offers advanced young instrumentalists in grades 7 through 12 an opportunity to perform alongside NWS Fellows in concert. Through this experience, participants and Fellows develop a musical working relationship as together they rehearse and perform various orchestral works. Auditions are open to advanced string, woodwind, brass, and percussion students from across South Florida. *MusicLab: MusicLab is a community mentorship program that brings NWS Fellows into youth music programs to work with local students. Each year, 150 young musicians from partner schools and organizations receive lessons coaching from Fellows in one-on-one and group coaching sessions on a bi-monthly basis throughout the schoolyear. At the end of the season, MusicLab students showcase their talent to their peers, families, and members of the community in a concert performance at the New World Center. *NWS Connect: This online program enables purposeful discussions and interactions between aspiring young instrumentalists with mentorship from NWS Fellows. Students can find information about and participate in online events such as Virtual Hangouts (opportunities to converse in real-time with NWS Fellows through online platforms), webcasts, and in-person events at New World Center. Fellows also conduct online residencies with student music ensembles around in Atlanta and Nashville via Skype and Internet2. NWS community engagement programs prepare Fellows for leadership roles as educators, communicators, and role models; introduce children to classical music and the concert-going experience; and foster lasting and meaning relationships between Fellows and the community. Through these programs, NWS annually offers approximately 12, 500 South Florida children, youth, and adults the opportunity to learn about and experience classical music every year. Through specialized training and application of skills in practice, Fellows develop engagement techniques to interact with diverse community members of all ages. Fellows carry the skill and enthusiasm generated by their involvement while at NWS into their future professional positions in communities around the world. 1831486 Supporting Activities to Programs 1831486 15262378 true true false false false false false true false true true true false false false false false true true false false false false false true false false false true true false false false false false false false false false false false false true false false false false true 145 0 true 102 true true true false false false false true true false false false false X 36 36 true false false false false false false true true false false true true true true true true true true false FL NY X X X DAVID PHILLIPS 3054286751 500 17TH STREET MIAMI BEACH FL 33139 X Edward Manno Shumsky CHAIRPERSON 5.0 0.0 X X 0 0 0 Adam Carlin Vice Chairperson 1.0 0.0 X X 0 0 0 Mario de Armas VC/TREASURER/CHAIR OF FIN COMM 1.0 0.0 X X 0 0 0 Robert Moss Secretary 1.0 0.0 X X 0 0 0 Sari Agatston TRUSTEE 1.0 0.0 X 0 0 0 Tracey Robertson Carter TRUSTEE 1.0 0.0 X 0 0 0 Sheldon T Anderson TRUSTEE 1.0 0.0 X 0 0 0 Madeleine Arison TRUSTEE 1.0 0.0 X 0 0 0 Sarah S Arison TRUSTEE 1.0 0.0 X 0 0 0 Ira M Birns TRUSTEE 1.0 0.0 X 0 0 0 Olga Blavatnik TRUSTEE 1.0 0.0 X 0 0 0 Katherine Bormann TRUSTEE 1.0 0.0 X 0 0 0 Tanya Capriles de Brillembourg TRUSTEE 1.0 0.0 X 0 0 0 Matthew W Buttrick TRUSTEE 1.0 0.0 X 0 0 0 Bruce E Clinton CHAIR OF FACILITIES COMMITTEE 1.0 0.0 X 0 0 0 Judith Rodin TRUSTEE 1.0 0.0 X 0 0 0 Mark Kingdon TRUSTEE 1.0 0.0 X 0 0 0 Howard Frank TRUSTEE 1.0 0.0 X 0 0 0 John J Geraghty TRUSTEE 1.0 0.0 X 0 0 0 Rose Ellen Greene TRUSTEE 1.0 0.0 X 0 0 0 Matt Haggman TRUSTEE 1.0 0.0 X 0 0 0 Harry M Hersh TRUSTEE 1.0 0.0 X 0 0 0 Neisen O Kasdin TRUSTEE 1.0 0.0 X 0 0 0 Gerald Katcher TRUSTEE 1.0 0.0 X 0 0 0 William Kleh TRUSTEE 1.0 0.0 X 0 0 0 Richard L Kohan Chair of investment Committee 1.0 0.0 X 0 0 0 Enrique Lerner TRUSTEE 1.0 0.0 X 0 0 0 Alan Lieberman TRUSTEE 1.0 0.0 X 0 0 0 William L Morrison TRUSTEE 1.0 0.0 X 0 0 0 L Michael Orlove TRUSTEE 1.0 0.0 X 0 0 0 William M Osborne III Chair of Development Committee 1.0 0.0 X 0 0 0 Stephen L Owens TRUSTEE 1.0 0.0 X 0 0 0 Patricia M Papper TRUSTEE 1.0 0.0 X 0 0 0 Carolina Pina TRUSTEE 1.0 0.0 X 0 0 0 Diane S Sepler TRUSTEE 1.0 0.0 X 0 0 0 Richard J Wurtman TRUSTEE 1.0 0.0 X 0 0 0 Howard Herring PRESIDENT/CEO 60.0 0.0 X 239795 0 13509 David Phillips EVP & CFO 60.0 0.0 X 232875 0 18074 John Kieser EVP & PROVOST 60.0 0.0 X 233810 0 18027 Douglas Merilatt EVP OF ARTISTIC PLAN. & PROG. 60.0 0.0 X 186271 0 16047 Maureen O'Brien SVP FOR DEVELOPMENT 60.0 0.0 X 153750 0 14531 Paul Woehrle VP FOR DEVELOPMENT 60.0 0.0 X 138780 0 13839 Humberto Ortega AVP of Accounting and HR 60.0 0.0 X 115000 0 14542 William C Hall VP COMMUNICATIONS 60.0 0.0 X 114536 0 12468 Michelle Kucharczyk VP OF BUSINESS DEVELOPMENT 60.0 0.0 X 108150 0 12450 Todd Heustess A VP DEVELOPMENT 60.0 0.0 X 107426 0 12277 1630393 0 145764 10 false true false Askonas Holt 25 CLANCERY LANE LONDON 0 UK W14 ONS Artist Services 691646 JEZET SEATING SIBERIESTRAAT 10 3900 OVERPELT 0 BE SEATING SYSTEM 473699 Thierry's Catering 915 NW 72nd Street MIAMI FL 33150 Catering 433244 Opus 3 Artists LLC 470 Park Avenue South 9th Floor NEW YORK NY 10016 Artist Services 232500 AJS Solutions Company 231 174th Street Suite 407 SUNNY ISLES BEACH FL 33160 Cleaning 169823 7 X 3003370 2104359 4926553 10034282 CONCERT REVENUES 711110 1523508 1523508 APPLICATION FEES 611600 45280 45280 BOX OFFICE POSTAGE AND HANDLING 561000 56708 56708 NEW WORLD CENTER TOURS 711110 6105 6105 OTHER 711110 77670 77670 1709271 1840738 1840738 0 0 1178007 2025112 -847105 0 -847105 -847105 2162744 73976 2088768 2088768 2088768 170543 3003370 545415 -374872 0 0 0 0 0 0 OTHER REVENUE 38103 38103 38103 14489185 1747374 -847105 3929506 0 1525253 1525253 0 0 1279306 538589 335384 405333 0 0 0 0 0 0 24050 24050 73211 27461 45750 0 0 334346 334346 322185 322185 581756 581756 166300 2985 157794 5521 266573 266573 75293 75293 1361825 1313474 48351 203678 181773 8875 13030 0 19158 19098 60 333374 333374 0 4449635 4449635 0 150279 6208 144071 LEASED EMPLOYEES 6410466 3730436 892057 1787973 CONDUCTORS/SOLOIST/COACHES 1344752 1344752 ARTISTIC PROGRAMMING GENERAL 554318 554318 OTHER FELLOW COST 41621 41621 1067923 528378 335392 204153 20585302 15262378 2325158 2997766 103889 13312 830448 7343 6665265 4106868 106799 87287 0 0 0 0 0 0 0 0 751852 1104621 192937558 43083666 153663284 149853892 74962829 79086469 24047877 24716481 0 0 100111 0 486851 0 261719205 258976273 956008 1384768 0 0 799175 731769 0 0 0 0 0 0 22589226 21840000 0 0 0 0 24344409 23956537 X 129831681 125862535 26962507 28277056 80580608 80880145 237374796 235019736 261719205 258976273 -6096117 3741057 X false true X true false X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00000 0.00000 400000 X false 102256197 299537 7670562 4208565 106017731 93360829 1236937 10493287 2834856 102256197 101341150 544636 -4075482 4449475 93360829 105759179 234297 -274026 4378299 101341151 92712576 1711562 14079534 2744493 105759179 0.76000 0.24000 false false 11165000 11165000 165372952 39251277 126121675 2061452 489285 1572167 14338154 3343104 10995050 149853892 INVESTMENT-LIMITED PARTNERSHIP 24716481 F 24716481 20332830 3741057 77475 2025113 5843645 14489185 14489185 22687890 77475 2025113 2102588 20585302 20585302 Part III, Line 4 - Art Collections New World Symphony believes the classical music experience begins when one crosses our NEW CAMPUS' threshold as a patron, musician or curious observer. Our NEW CAMPUS and its contents ARE the beginning of the experience. The art piece that has been so generously donated to new world symphony aids in the beginning of this experience. Part V, Line 4 - Endownment Funds In 1991, NWS established the New World Symphony Endowment Fund. The purpose of the Endowment Fund is to create a continuous development program that will enable individuals, corporations, and foundations to make gifts to NWS, to provide for the permanent financing of the programs of NWS, and to ensure the permanent existence of NWS. Part X, Line 2 - Liability for Uncertain Tax Positions New World Symphony is a non-profit corporation as defined by Section 501(c)(3) of the U.S. Internal Revenue Code and as such is subject to state and federal income taxes only on unrelated business taxable income. There were no income taxes resulting from unrelated business income during the year ended June 30, 2018. Alton Pointe is a single member limited liability company and accordingly is disregarded for tax purposes. Accounting principles generally accepted in the United States require management to evaluate tax positions taken and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken and has concluded that as of June 30, 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. If the Organization were to incur an income tax liability in the future, interest would be reported as interest expense and penalties would be reported as income taxes. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes the Organization is no longer subject to income tax examinations for years prior to 2015. The Tax Cuts and Jobs Act (the Tax Act) was signed into law on December 22, 2017. The Tax Act includes several changes relevant to tax-exempt organizations, primarily related to unrelated business income, net operating losses, certain new excise taxes, and changes affecting the deductibility of certain expenses. Management has determined that the new law will not have a significant impact on the Organizations financial statements. Part XI & Part XII, Line 2d Direct Rental expenses are $2,025,113. true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY THE ORGANIZATION'S NONDISCRIMINATORY POLICY IS STATED IN ITS RECRUITMENT BROCHURE AS WELL AS THE PUBLICATIONS "INTERNATIONAL MUSICIAN" WHICH IS WELL KNOWN WITHIN THE COMMUNITY IT SERVES. FINANCIAL AID THE ORGANIZATION RECIEVES GRANTS FROM VARIOUS GOVERNMENTAL AGENCIES TO FACILITATE PROGRAMS IN FURTHERANCE OF ITS MISSION. GALA 3173913 3003370 170543 344981 53414 147020 0 3173913 3003370 170543 344981 53414 147020 545415 -374872 true STIPEND FOR PROGRAM PARTICIPANTS 87 1423781 Book Value Stipend STIPEND (SUBSTITUTES) PROGRAM ACTIVITIES 300 101471 Book Value Stipend MONITORING THE USE OF GRANTS IN THE U.S. ALL OF THE ORGANIZATION'S FELLOWS RECEIVE A STIPEND FOR LIVING Expenditures WHILE IN THE PROGRAM. X false false false false false false false false false Howard Herring PRESIDENT/CEO 239795 0 0 0 0 0 4829 0 8680 0 253304 0 0 0 John Kieser EVP & PROVOST 233810 0 0 0 0 0 9410 0 8617 0 251837 0 0 0 David Phillips EVP & CFO 232875 0 0 0 0 0 9352 0 8722 0 250949 0 0 0 Douglas Merilatt EVP OF ARTISTIC PLAN. & PROG. 186271 0 0 0 0 0 7494 0 8553 0 202318 0 0 0 Maureen O'Brien SVP FOR DEVELOPMENT 153750 0 0 0 0 0 6155 0 8376 0 168281 0 0 0 Paul Woehrle VP FOR DEVELOPMENT 138780 0 0 0 0 0 5570 0 8269 0 152619 0 0 0 POLICIES AND PROCEDURES EMPLOYEES AND BOARD MEMBERS OF NWS HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT MINIMIZE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS MUCH AS POSSIBLE. THE POLICY ESTABLISHES THE FRAMEWORK WITHIN WHICH NWS WISHES ITS BUSINESS TO OPERATE. THE PURPOSE OF THESE GUIDELINES IS TO PROVIDE GENERAL DIRECTION SO THAT EMPLOYEES AND BOARD MEMBERS CAN SEEK FURTHER CLARIFICATION ON ISSUES RELATED TO THE SUBJECT OF ACCEPTABLE STANDARDS OF OPERATION. STAFF MEMBERS AT DIRECTOR LEVEL AND ABOVE AND TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS, WHICH INDICATES WHETHER OR NOT THEY HAVE PARTICIPATED IN ANY BUSINESS TRANSACTION THAT WOULD GIVE RISE TO A CONFLICT OF INTEREST. POLICIES AND PROCEDURES THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS COMPARABILITY DATA WHEN HIRING A NEW PRESIDENT AND ANNUALLY APPROVES THE PRESIDENT'S COMPENSATION PACKAGE BASED ON PERFORMANCE. THE PRESIDENT APPROVES, SUBJECT TO THE REVIEW BY THE COMPENSATION COMMITTEE, THE COMPENSATION PACKAGES FOR THE EXECUTIVE VICE PRESIDENTS AND SENIOR VICE PRESIDENTS BASED ON PERFORMANCE. DISCLOSURE ITEMS THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE ANNUAL AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. THE FORM 990 IS ALSO AVAILABLE THROUGH ACCESS OF GUIDESTAR. GOVERNING BODY AND MANAGEMENT THE CFO IS RESPONSIBLE FOR THE TIMELY PREPARATION OF THE FORM 990. IT WILL THEN BE PRESENTED TO THE FINANCE COMMITTEE SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE FOR THEIR REVIEW. ALL MEMBERS OF THE BOARD OF TRUSTEES WILL BE INVITED TO REVIEW THE FINAL FORM 990 UPON REQUEST. FINANCIAL ANALYSIS For a full understanding of NWS financial picture, readers are encouraged to review NWS audited financial statements and its annual operating budget. Typically, operating results exclude investment gains and/or losses on endowed assets, pledges and gifts received for future fiscal years, capital improvements and depreciation. ALTON POINTE LLC 500 17TH STREET MIAMI BEACH FL 33139 455001665 HOUSING FL 23268 0 NONE