2018-05-14T12:05:53-05:00 2017-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2016-07-01 952217011 PERFORMING ARTS CENTER OF LOS ANGELES COUNTY PERF 2139727211 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 RACHEL MOORE PRESIDENT AND CEO 2139727512 2018-05-10 1 LIOR TEMKIN P00748170 3104773924 2018-05-10 2016 2022-09-23 18:48:47Z RACHEL MOORE 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 61581604 0 X WWW.MUSICCENTER.ORG X 1961 CA THE MUSIC CENTER STRIVES TO DEEPEN THE CULTURAL LIFE OF EVERY RESIDENT OF LOS ANGELES COUNTY AND CONTINUE CREATING AN INCREASINGLY RELEVANT, MULTIDISCIPLINARY PERFORMING ARTS CENTER. 44 43 1292 564 15176 12758 9766317 15826262 37422808 40708265 3723120 1239645 2520413 2678218 53432658 60452390 920882 837836 0 0 24738486 27686271 67308 65833 2783254 25269796 27947089 50996472 56537029 2436186 3915361 87594551 95649674 44093417 41368784 43501134 54280890 X THE MUSIC CENTER STRIVES TO DEEPEN THE CULTURAL LIFE OF EVERY RESIDENT OF LOS ANGELES COUNTY AND CONTINUE CREATING AN INCREASINGLY RELEVANT, MULTIDISCIPLINARY PERFORMING ARTS CENTER. WE CHAMPION THE ARTS IN LOS ANGELES FOR ALL PEOPLE. WE CONNECT THE PEOPLE OF LOS ANGELES WITH ONE ANOTHER AND WITH ART THAT CAN ENRICH THEIR LIVES. WE EMBRACE PATRONS, VISITORS AND COMMUNITY MEMBERS FROM ALL BACKGROUNDS. WE PROVIDE EXCEPTIONAL SERVICE TO OUR RESIDENT COMPANIES AND TO ALL WHO PRESENT OR EXPERIENCE THE ARTS AT THE MUSIC CENTER, AND WE FAITHFULLY STEWARD THE CAMPUS ENTRUSTED TO US BY THE COUNTY OF LOS ANGELES. 0 0 33511706 36098099 THE MUSIC CENTER AND GRAND PARK OPERATIONSTHE MUSIC CENTER IS LOS ANGELES' HOME TO THE WORLD'S GREATEST ARTISTIC PROGRAMS AND EVENTS WITH FOUR THEATRES - WALT DISNEY CONCERT HALL, DOROTHY CHANDLER PAVILION, AHMANSON THEATRE AND MARK TAPER FORUM, AND AN OUTDOOR PLAZA. THE MUSIC CENTER CAMPUS IS HOME TO FOUR INTERNATIONALLY ACCLAIMED RESIDENT COMPANIES: LA PHIL, CENTER THEATRE GROUP, LA OPERA AND THE LOS ANGELES MASTER CHORALE. EACH YEAR, MORE THAN TWO MILLION PEOPLE VISIT THE MUSIC CENTER. THE PERFORMING ARTS CENTER OF LOS ANGELES COUNTY (PACLAC), DBA "THE MUSIC CENTER", MANAGES THE CAMPUS ON BEHALF OF THE COUNTY OF LOS ANGELES, WHICH OWNS THE FACILITIES. THE MUSIC CENTER SERVES AS THE LANDLORD AND PROVIDES OPERATIONAL SUPPORT TO THE RESIDENT COMPANIES, INCLUDING FACILITY, STAGE AND THEATRE OPERATIONS. THAT INCLUDES RESPONSIBILITY FOR IMPROVEMENTS TO AND MAINTENANCE OF THE FACILITIES, SECURITY, GUEST SERVICES, PRODUCTION AND SCHEDULING AND EVENTS MANAGEMENT. 11239976 837836 5819720 ARTISTIC PROGRAMMING, EDUCATION, AND OUTREACH IN ADDITION TO ITS ROLE AS LANDLORD, THE MUSIC CENTER ORGANIZATION HAS A RAPIDLY GROWING ARTISTIC ROLE, INCLUDING THE PRESENTATION OF ITS RENOWNED DANCE SERIES - GLORYA KAUFMAN PRESENTS DANCE AT THE MUSIC CENTER - WHICH OFFERS SIGNIFICANT WORKS BY PRESTIGIOUS BALLET AND CONTEMPORARY DANCE COMPANIES. THE ORGANIZATION ALSO OFFERS FREE AND LOW-COST PUBLIC PROGRAMMING ALONG WITH SPECIAL EVENTS AND ACTIVITIES FOR ALL AGES. AS ONE OF THE FIRST ARTS ORGANIZATIONS IN THE COUNTRY TO PROVIDE INNOVATIVE AND DEMOCRATIC OPPORTUNITIES FOR THE PUBLIC TO ACTIVELY EXPERIENCE THE ARTS FIRST HAND, THE MUSIC CENTER HAS MADE AN INTENTIONAL, STRATEGIC COMMITMENT TO INVEST IN ARTS ENGAGEMENT WORK.FROM ITS EARLY DAYS, THE MUSIC CENTER HAS BEEN A PIONEER IN ARTS EDUCATION AND OFFERS A MULTI-FACETED PROGRAM FROM K-12. MILLIONS OF STUDENTS HAVE PARTICIPATED IN MUSIC CENTER ARTS EDUCATION PROGRAMS SINCE 1970. IN 2016-2017, THE MUSIC CENTER'S ARTS EDUCATION PROGRAMS SERVED MORE THAN 850 PUBLIC AND PRIVATE SCHOOLS AND 130,000 STUDENTS. THE MUSIC CENTER ALSO MANAGES AND PROGRAMS GRAND PARK (PARK) ON BEHALF OF THE COUNTY OF LOS ANGELES, WHICH OWNS THE PARK. THE 12-ACRE PARK EXTENDS FROM THE MUSIC CENTER CAMPUS TO LOS ANGELES' CITY HALL. THE PARK FEATURES MULTI-USE LAWNS, STAGES AND OPEN SPACES AVAILABLE FOR BOTH LEISURE AND CIVIC GATHERINGS. EACH YEAR, MORE THAN THREE MILLION PEOPLE VISIT THE PARK TO ENJOY ITS MANY AMENITIES. IN 2016-2017, WHICH IS THE PARK'S FIFTH YEAR OF OPERATIONS, THE MUSIC CENTER PRESENTED 251 FREE EVENTS IN THE PARK, ATTRACTING MORE THAN 200,000 PARTICIPANTS. THE PARK HAS BECOME THE GO-TO CENTRAL GATHERING PLACE IN LOS ANGELES FOR MAJOR HOLIDAY CELEBRATIONS INCLUDING JULY 4TH AND NEW YEAR'S EVENT. MANY OF THE EVENTS PRODUCED BY THE MUSIC CENTER IN GRAND PARK WERE CURATED IN CONJUNCTION WITH THE PARK'S NUMEROUS COMMUNITY PARTNERS. 5111838 1553804 CAPITAL IMPROVEMENTSUNDER THE TERMS OF A SUBLEASE AGREEMENT WITH THE COUNTY OF LOS ANGELES, THE MUSIC CENTER TRANSFERS TITLE OF LEASEHOLD AND OTHER CAPITAL IMPROVEMENTS UPON PURCHASE TO THE COUNTY OF LOSS ANGELES. THE MUSIC CENTER EXPENSES THESE PURCHASES AS THEY ARE INCURRED. CAPITAL EXPENSES IN 2016-17 CONSISTED OF DEBT SERVICE ELATED TO THE MARK TAPER FORUM RENOVATION, AMORTIZATION OF CONTRACT ACQUISITION COSTS AND VARIOUS CAPITAL IMPROVEMENTS ACROSS THE MUSIC CENTER CAMPUS. 49863520 1 1 0 0 0 0 0 1 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 325 0 1 1292 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 44 43 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X X WILLIAM TAYLOR 2139727512 135 NORTH GRAND AVENUE LOS ANGELES CA 900123013 ROBERT J ABERNETHY OFFICER - VICE CHAIR 1.00 X X 0 0 0 WILLIAM H AHMANSON DIRECTOR 1.00 X 0 0 0 WALLIS ANNENBERG DIRECTOR 1.00 X 0 0 0 JILL BALDUF DIRECTOR 1.00 X 0 0 0 DARRELL BROWN DIRECTOR 1.00 X 0 0 0 KIMAADA BROWN DIRECTOR 1.00 X 0 0 0 DANNIELLE CAMPOS DIRECTOR 1.00 X 0 0 0 GREG GEYER DIRECTOR 1.00 X 0 0 0 LISA GILFORD DIRECTOR 1.00 X 0 0 0 DAVID GINDLER DIRECTOR 1.00 X 0 0 0 KIKI GINDLER DIRECTOR 1.00 X 0 0 0 BRINDELL GOTTLIEB DIRECTOR 1.00 X 0 0 0 MARIA ROSARIO JACKSON DIRECTOR 1.00 X 0 0 0 GLENN KAINO DIRECTOR 1.00 X 0 0 0 ARTHUR D KRAUS DIRECTOR 1.00 X 0 0 0 CARY LEFTON DIRECTOR 1.00 X 0 0 0 DAVID LIPPMAN DIRECTOR 1.00 X 0 0 0 NIGEL LYTHGOE DIRECTOR 1.00 X 0 0 0 RICHARD LYNN MARTINEZ DIRECTOR 1.00 X 0 0 0 BOWEN BUZZ MCCOY DIRECTOR 1.00 X 0 0 0 MATTIE MCFADDEN-LAWSON DIRECTOR 1.00 X 0 0 0 DIANE G MEDINA DIRECTOR 1.00 X 0 0 0 ELIZABETH MICHELSON DIRECTOR 1.00 X 0 0 0 DARRELL MILLER DIRECTOR 1.00 X 0 0 0 CINDY MISCIKOWSKI DIRECTOR 1.00 X 0 0 0 SHELBY NOTKIN DIRECTOR 1.00 X 0 0 0 MICHAEL PAGANO OFFICER - VICE CHAIR 1.00 X X 0 0 0 KAREN KAY PLATT OFFICER - SECRETARY 1.00 X X 0 0 0 RORY PULLENS DIRECTOR 1.00 X 0 0 0 MAX RAMBERG DIRECTOR 1.00 X 0 0 0 JAY RASULO DIRECTOR 1.00 X 0 0 0 JOSEPH RICE DIRECTOR 1.00 X 0 0 0 RICHARD K ROEDER DIRECTOR 1.00 X 0 0 0 JONI J SMITH DIRECTOR 1.00 X 0 0 0 CATHARINE SOROS DIRECTOR 1.00 X 0 0 0 LISA SPECHT OFFICER - CHAIR 1.00 X X 0 0 0 MARC I STERN DIRECTOR 1.00 X 0 0 0 CARY H THOMPSON DIRECTOR 1.00 X 0 0 0 WALTER F ULLOA DIRECTOR 1.00 X 0 0 0 TIMOTHY WAHL DIRECTOR 1.00 X 0 0 0 SUSAN WEGLEITNER OFFICER - TREASURER 1.00 X X 0 0 0 ALYCE WILLIAMSON DIRECTOR 1.00 X 0 0 0 JAY WINTROB DIRECTOR 1.00 X 0 0 0 RACHEL S MOORE PRESIDENT 35.00 X X 733714 0 46857 HOWARD SHERMAN EXECECUTIVE VP, COO 35.00 X 385328 0 58648 LISA WHITNEY SR. VP FINANCE, CFO 35.00 X 252469 0 37772 VALENTINE GELMAN SR. VP DEVELOPMENT 35.00 X 226651 0 30172 KEITH MCTAGUE DIR. BUILDING SERVICES 50.00 X 188561 0 41429 ROBERT A RUBY HEAD OF PROPERTY 43.00 X 167723 0 43739 STANLEY RAY STEELMON HEAD OF PROPERTY 47.00 X 165690 0 42420 EMMET D KAISER HEAD OF CARPENTRY 48.00 X 163613 0 41223 JAMES H BERGER HEAD OF ELECTRIC 39.00 X 163027 0 42615 SHAWN L ANDERSON HEAD OF CARPENTRY 43.00 X 157501 0 42454 2604277 0 427329 38 0 1 0 ABM ONSITE SERVICES-WEST INC PO BOX 745799 LOS ANGELES CA 90074 HOUSEKEEPING 1495415 SODEXO INC & AFFILIATES PO BOX 43283 LOS ANGELES CA 90088 HOUSEKEEPING 1468607 THE PATINA GROUP 1150 SOUTH OLIVE STREET SUITE TG25 LOS ANGELES CA 90015 CATERING 1276143 AIR CONDITIONING SOLUTIONS INC 2223 EL SOL AVE ALTADENA CA 91001 MAINTENANCE 601734 COMPLETE ELECTRICAL SERVICES INC 5610 BRAELOCH ST ACTON CA 93510 MAINTENANCE 473901 59 59270 2391744 13375248 888010 15826262 REIMB. BY LA COUNTY 900099 24396512 24396512 REIMB. BY SUBLICENSEES 900099 5834785 5834785 EDUCATION, PROGRAMMING 900099 5169996 5169996 THEATER RENTS 900099 2984635 2984635 FACILITY FEES 900099 2289489 2289489 32848 17848 15000 40708265 1231204 1231204 5998 5998 159 159 648909 18430 0 0 648909 18430 667339 667339 889703 750 888010 0 1693 750 2443 2443 130320 59270 241204 -110884 -110884 RESTAURANT & CATERING 900099 1962976 1962976 CONCESSIONS 900099 128491 128491 INCOME FROM PARTNERSHI 900099 176 176 29961 19392 10569 2121604 60452390 43471463 15176 1139489 729936 729936 107900 107900 2066882 421320 1347238 298324 20014771 17694235 1075004 1245532 1259840 1176369 31500 51971 2554920 2311752 115911 127257 1789858 1560451 120379 109028 375720 129857 245863 109039 109039 65833 65833 1144822 825243 222105 97474 767922 716776 5900 45246 1333325 760444 264305 308576 103253 62327 19451 21475 600 600 281292 230242 36096 14954 101775 55296 31356 15123 1172918 1170978 1524 416 1467940 1398278 57558 12104 1093608 1006844 86764 MAINTENANCE 9912541 9850901 56519 5121 CAPITAL EQUIPMENT PURCH 3173756 3173756 PRODUCTION - ARTIST FEE 2720350 2714075 6275 PRODUCTION RELATED EXPE 1351742 1350812 930 2836486 2415128 63743 357615 56537029 49863520 3890255 2783254 17718 25134 8822942 9149564 16347506 18721231 1322303 2031549 17343 13121 876369 931311 2757334 2435054 516442 322280 4238130 4289617 23718126 26598110 31717672 33567757 87594551 95649674 11291204 3883562 6582983 6217520 24851430 24387515 1367800 6880187 44093417 41368784 X -6172842 -2629913 15438885 20278760 34235091 36632043 43501134 54280890 87594551 95649674 X 3915361 3141981 3722414 X X 0 1 X 1 0 X 10122703 11014689 13287599 9766317 15826262 60017570 5448343 5599677 5467245 4915661 5081736 26512662 15571046 16614366 18754844 14681978 20907998 86530232 3000679 83529553 1752539 2057740 1987596 4319497 1904700 12022072 30000 30000 30000 30000 15000 135000 1783496 1777980 2033571 2031392 2121604 9748043 108435347 191825229 0.77030 0.77670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2012 AMOUNT: $ 31,558. 2013 AMOUNT: $ 27,742. 2014 AMOUNT: $ 16,381. 2015 AMOUNT: $ 21,303. 2016 AMOUNT: $ 30,137. RESTAURANT CATERING - 2012 AMOUNT: $ 1,704,793. 2013 AMOUNT: $ 1,706,994. 2014 AMOUNT: $ 1,916,944. 2015 AMOUNT: $ 1,898,547. 2016 AMOUNT: $ 1,962,976. CONCESSIONS - 2012 AMOUNT: $ 47,145. 2013 AMOUNT: $ 43,244. 2014 AMOUNT: $ 100,246. 2015 AMOUNT: $ 111,542. 2016 AMOUNT: $ 128,491. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 2571126 2277845 293281 186208 157209 28999 322280 UNITIZED FUND OF INVESTMENTS OPERATED BY MUSIC CENTER FOUNDATION 26598110 F 26598110 BENEFICIAL INTEREST IN TRUST 29819133 CONTRACT ACQUISITION COSTS 3748624 33567757 DUE TO RESIDENT COMPANIES 656492 DEPOSITS 406113 CAPITAL LEASE OBLIGATIONS 111841 BOND INTEREST PAYABLE 99624 LIABILITY FOR PENSION BENEFITS 5606117 6880187 X 70481316 3141981 5081736 1805385 10029102 60452214 176 176 60452390 61618765 5081736 5081736 56537029 0 56537029 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY CULTURAL INSTITUTIONS, ART OBJECTS PURCHASED BY OR DONATED TO PACLAC ARE NOT INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION. PACLAC'S COLLECTION CONSISTS OF ART OBJECTS THAT ARE ON EXHIBITION. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR IN TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS; CONTRIBUTED COLLECTION ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. ITEMS IN COLLECTION INCLUDE: PAINTINGS, PRINTS, SCULPTURES, FURNITURE, MUSICAL ITEMS AND TEXTILES. PART X, LINE 2: THE PERFORMING ARTS CENTER IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE REVENUE AND TAXATION CODE OF CALIFORNIA. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PACLAC HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, "INCOME TAXES" ("ASC 740"), FORMERLY FASB INTERPRETATION NO. 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," AN INTERPRETATION OF FASB STATEMENT NO. 109. ASC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740 REQUIRES THAT AN ORGANIZATION RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF AND FOR THE YEAR ENDED JUNE 30, 2017 AND 2016, PACLAC HAD NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. THE FEDERAL INCOME TAX RETURNS OF PACLAC STILL OPEN AND SUBJECT TO IRS EXAMINATION ARE FOR THE 2014 THROUGH 2017 TAX YEARS. THE STATE OF CALIFORNIA INCOME TAX RETURNS STILL OPEN AND SUBJECT TO EXAMINATION ARE ALSO FOR THE 2013 THROUGH 2017 TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTERESTS 1,805,385. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME FROM PARTNERSHIP 176. X X X X X X X 1 THEATER DIRECT INC 4213 WEST BURBANK BLVD BURBANK CA 91505 TELEMARKETING 0 161508 65833 227341 161508 65833 227341 CA SUMMER SOIREE 189590 59270 130320 112228 73726 14549 40701 189590 59270 130320 112228 73726 14549 40701 241204 -110884 1 LOS ANGELES MASTER CHORALE 135 NORTH GRAND AVE LOS ANGELES CA 90012 952315682 501(C) 3 94535 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE AND GRANT LOS ANGELES OPERA COMPANY 135 NORTH GRAND AVE LOS ANGELES CA 90012 952096402 501(C) 3 187319 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE LOS ANGELES PHILHARMONIC ASSOCIATION 151 SOUTH GRAND AVE LOS ANGELES CA 90012 951696734 501(C) 3 187319 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE CENTER THEATRE GROUP 135 NORTH GRAND AVE LOS ANGELES CA 90012 952466183 501(C) 3 260763 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE AND GRANT 4 0 SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS FOR HIGH SCHOOL PERFORMING AND VISUAL ARTISTS. 139 107900 CASH AWARDS PART I, LINE 2: WE REGULARLY REVIEW THE FINANCIAL STATEMENTS OF OUR RESIDENT COMPANIES. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 RACHEL S MOORE PRESIDENT 584731 0 120000 0 28983 0 28871 0 17986 0 780571 0 0 0 HOWARD SHERMAN EXECECUTIVE VP, COO 311434 0 50000 0 23894 0 50128 0 8520 0 443976 0 0 0 LISA WHITNEY SR. VP FINANCE, CFO 228073 0 0 0 24396 0 26702 0 11070 0 290241 0 0 0 VALENTINE GELMAN SR. VP DEVELOPMENT 198584 0 10000 0 18067 0 8250 0 21922 0 256823 0 0 0 KEITH MCTAGUE DIR. BUILDING SERVICES 188561 0 0 0 0 0 0 0 41429 0 229990 0 0 0 ROBERT A RUBY HEAD OF PROPERTY 157323 0 0 0 10400 0 0 0 43739 0 211462 0 0 0 STANLEY RAY STEELMON HEAD OF PROPERTY 142445 0 0 0 23245 0 0 0 42420 0 208110 0 0 0 EMMET D KAISER HEAD OF CARPENTRY 163613 0 0 0 0 0 0 0 41223 0 204836 0 0 0 JAMES H BERGER HEAD OF ELECTRIC 145027 0 0 0 18000 0 0 0 42615 0 205642 0 0 0 SHAWN L ANDERSON HEAD OF CARPENTRY 146357 0 0 0 11144 0 0 0 42454 0 199955 0 0 0 A CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK 630304653 13033WA37 2007-05-23 28473809 RENOVATION OF MARK TAPER FORUM 0 0 0 A 3230000 29465374 1713320 1938956 554390 25215282 85621 2008 0 0 1 1 A 0 1 1 1 0 0.01000 0.01000 0 0 1 A 0 0 1 1 0 0 1 SEE PART VI 1 1 1 A 1 PART I & PART II: DIFFERENCE BETWEEN AMOUNT REPORTED ON PART I COLUMN (E) AND PART II LINE 3 IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATES IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2C: THE TENTH YEAR REBATE COMPUTATION WAS PERFORMED AS OF MAY 23, 2017. PART IV LINE 5B: TRINITY FDG CO & DEPFA BANK PART IV, LINE 5C: 1.10 AND 1.30 YEAR X 21 888010 AVG. ON DATE DONATED 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES A THIRD PARTY BROKER TO SELL STOCK CONTRIBUTIONS UPON RECEIPT. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS DAVID AND KIKI GINDLER ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS DELEGATED THE AUTHORITY TO THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE FORM 990. ONCE APPROVED IT IS MADE AVAILABLE TO THE REMAINDER OF THE BOARD PRIOR TO THE FORM BEING ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURES ARE REQUIRED FOR OFFICERS, DIRECTORS, AND KEY EMPLOYEES. DISCLOSURES FOR DIRECTORS ARE SUMMARIZED AND REVIEWED BY THE CHAIRMAN OF THE BOARD. DISCLOSURES FOR OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER. IF A CONFLICT EXISTS AT THE DIRECTOR LEVEL, THE DIRECTOR IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. IF POTENTIAL CONFLICTS ARISE AT THE OFFICER OR KEY EMPLOYEE LEVEL, THE TRANSACTION WOULD BE REVIEWED BY LEGAL COUNSEL AND THE RELEVANT BOARD COMMITTEE TO DETERMINE RESTRICTIONS. FORM 990, PART VI, SECTION B, LINE 15 PURSUANT TO THE BYLAWS, THE EXECUTIVE COMMITTEE IS AUTHORIZED TO DETERMINE THE COMPENSATION OF THE PRESIDENT. AFTER A THOROUGH REVIEW OF HIS/HER PERFORMANCE, COMPENSATION OF EXECUTIVES AT OTHER ARTS ORGANIZATIONS, AND OTHER FACTORS, THE COMMITTEE APPROVES THE CEO'S COMPENSATION. THE CEO REVIEWS AND APPROVES THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, INFORMATIONAL RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS 1,805,385. SFAS 158 COMPREHENSIVE INCOME RELATED TO PENSION OBLIGATION 1,917,205. INCOME/LOSS FROM PARTNERSHIP -176. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THE MUSIC CENTER OF LOS ANGELES COUNTY INC 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 954859278 INACTIVE CA N/A C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0