2017-05-15T12:32:04-05:00 2016-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2015-07-01 952217011 PERFORMING ARTS CENTER OF LOS ANGELES COUNTY PERF 2139727211 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 LISA WHITNEY SENIOR VP, FINANCE & CFO 2139727512 2017-04-04 1 LIOR TEMKIN P00748170 3104773924 2017-04-04 2015 2021-01-29 14:40:06Z LISA WHITNEY 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 53956411 0 X WWW.MUSICCENTER.ORG X 1961 CA TO CREATE, ADVANCE, SUPPORT, PRESERVE AND PRESENT THE HIGHEST QUALITY ARTISTIC AND COMMUNITY ENGAGEMENTS THROUGH PERFORMANCES, FESTIVALS, LIFELONG LEARNING, EXHIBITIONS, CONVENINGS, EVENTS, AS WELL AS WORK THAT DEVELOPS PLACES INTO DESTINATIONS. THE MUSIC CENTER SEEKS TO TRANSFORM LIVES THROUGH THE ARTS AND SERVE IN A LEADERSHIP ROLE AS IT REDEFINES THE PERFORMING ARTS IN THE 21ST CENTURY AND BEYOND AND HONORS AND RESPONDS TO THE UNIQUE AND DIVERSE VOICES AND INTERESTS OF THE PEOPLE/COMMUNITIES OF LOS ANGELES AND SOUTHERN CALIFORNIA. 42 41 1370 608 29902 4802 13287599 9766317 39465512 37422808 1420337 3723120 929035 2520413 55102483 53432658 973917 920882 0 0 26262306 24738486 54123 67308 2464549 27474198 25269796 54764544 50996472 337939 2436186 91499083 87594551 42225815 44093417 49273268 43501134 X TO CREATE, ADVANCE, SUPPORT, PRESERVE AND PRESENT THE HIGHEST QUALITY ARTISTIC AND COMMUNITY ENGAGEMENTS THROUGH PERFORMANCES, FESTIVALS, LIFELONG LEARNING, EXHIBITIONS, CONVENINGS, EVENTS, AS WELL AS WORK THAT DEVELOPS PLACES INTO DESTINATIONS. THE MUSIC CENTER SEEKS TO TRANSFORM LIVES THROUGH THE ARTS AND SERVE IN A LEADERSHIP ROLE AS IT REDEFINES THE PERFORMING ARTS IN THE 21ST CENTURY AND BEYOND AND HONORS AND RESPONDS TO THE UNIQUE AND DIVERSE VOICES AND INTERESTS OF THE PEOPLE/COMMUNITIES OF LOS ANGELES AND SOUTHERN CALIFORNIA. 0 0 31611797 33940957 THE MUSIC CENTER AND GRAND PARK OPERATIONSTHE MUSIC CENTER CAMPUS IS COMPRISED OF FOUR THEATRES: WALT DISNEY CONCERT HALL, DOROTHY CHANDLER PAVILION, AHMANSON THEATRE AND MARK TAPER FORUM, AS WELL AS OUTDOOR THEATRES, PLAZAS AND GARDENS, AND IS HOME TO FOUR INTERNATIONALLY ACCLAIMED RESIDENT COMPANIES: LOS ANGELES PHILHARMONIC, CENTER THEATRE GROUP, LA OPERA AND THE LOS ANGELES MASTER CHORALE. EACH YEAR, MORE THAN 1.5 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 PROVIDES FACILITY, STAGE AND THEATRE OPERATIONS TO ITS RESIDENT COMPANIES. THAT INCLUDES RESPONSIBILITY FOR IMPROVEMENTS TO AND MAINTENANCE OF THE FACILITIES, SECURITY, GUEST SERVICES, PRODUCTION AND SCHEDULING AND EVENTS MANAGEMENT. THE MUSIC CENTER ALSO MANAGES GRAND PARK (PARK) ON BEHALF OF THE COUNTY OF LOS ANGELES, WHICH OWNS THE PARK. THE PARK IS A 12-ACRE AREA EXTENDING FROM THE MUSIC CENTER CAMPUS TO LOS ANGELES CITY HALL; IT INCLUDES MULTI-USE LAWNS, STAGES AND OPEN SPACES AVAILABLE FOR BOTH LEISURE AND CIVIC GATHERINGS. EACH YEAR, MORE THAN THREE MILLION PEOPLE PASS THROUGH THE PARK TO ENJOY ITS MANY AMENITIES. IN 2015-2016, WHICH IS THE PARK'S FOURTH YEAR OF OPERATION, THE MUSIC CENTER PRESENTED 190 FREE PROGRAMMING EVENTS IN THE PARK, WHICH ATTRACTED MORE THAN 160,000 PARTICIPANTS. THE PARK HAS BECOME THE GO-TO CENTRAL GATHERING PLACE FOR MAJOR HOLIDAY CELEBRATIONS INCLUDING JULY 4TH AND NEW YEAR'S EVE. MANY OF THE EVENTS PRODUCED BY THE MUSIC CENTER AT THE PARK WERE HELD IN CONJUNCTION WITH THE PARK'S NUMEROUS COMMUNITY PARTNERS. 10193672 920882 4643783 ARTISTIC PROGRAMMING, EDUCATION, AND OUTREACH THE MUSIC CENTER ALSO MAKES A SIZABLE ARTISTIC CONTRIBUTION TO THE ARTS IN LOS ANGELES COUNTY WITH ITS RENOWNED DANCE SERIES, GLORYA KAUFMAN PRESENTS DANCE AT THE MUSIC CENTER, ALONG WITH NATIONALLY RECOGNIZED ARTS EDUCATION AND PARTICIPATORY ARTS EXPERIENCES. GLORYA KAUFMAN PRESENTS DANCE AT THE MUSIC CENTER IS ONE OF THE LEADING PRESENTERS OF DANCE ON THE WEST COAST. THE CELEBRATED SERIES OFFERS SIGNIFICANT WORKS BY PRESTIGIOUS BALLET AND CONTEMPORARY DANCE ARTISTS FROM AROUND THE WORLD. THE MUSIC CENTER PLAYS A VITAL LEADERSHIP ROLE IN RESTORING THE ARTS TO THE CORE CURRICULUM IN K-12 SCHOOLS IN LOS ANGELES COUNTY. MILLIONS OF STUDENTS HAVE PARTICIPATED IN MUSIC CENTER ARTS EDUCATION PROGRAMS SINCE 1979. IN 2015-2016, MUSIC CENTER EDUCATION PROGRAMS SERVED MORE THAN 200 SCHOOLS AND MORE THAN 120,000 STUDENTS. THE MUSIC CENTER ALSO CURATES A WIDE RANGE OF FREE AND LOW-COST ARTS PROGRAMMING AND HAS BEEN A DRIVING FORCE BEHIND COMMUNITY AND PUBLIC ENGAGEMENT AT ARTS INSTITUTIONS FOR MORE THAN 10 YEARS. AS ONE OF THE FIRST 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 AND STRATEGIC COMMITMENT TO INVEST IN ARTS ENGAGEMENT EFFORTS. 3098339 1529597 CAPITAL IMPROVEMENTS AND LONG TERM SUPPORTUNDER 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 LOS ANGELES. THE MUSIC CENTER EXPENSES THESE PURCHASES AS THEY ARE INCURRED. CAPITAL EXPENSE IN 2015-16 CONSISTED OF DEBT SERVICE RELATED TO THE MARK TAPER FORUM RENOVATION, AMORTIZATION OF CONTRACT ACQUISITION COSTS AND VARIOUS CAPITAL IMPROVEMENTS ACROSS THE MUSIC CENTER CAMPUS. 44903808 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 1 299 0 1 1370 1 1 1 0 0 0 0 1 1 0 0 0 0 X 42 41 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X X X LISA WHITNEY 2139727512 135 NORTH GRAND AVENUE LOS ANGELES CA 900123013 X 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 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 CRAIG A ELLIS 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 JULIE GOLDSMITH DIRECTOR 1.00 X 0 0 0 BRINDELL GOTTLIEB 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 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 OFFICER-TREASURER (THROUGH 1/2016) 1.00 X X 0 0 0 MICHAEL PAGANO OFFICER - VICE CHAIR 1.00 X X 0 0 0 DIANE PAUL DIRECTOR 1.00 X 0 0 0 KAREN KAY PLATT OFFICER - SECRETARY 1.00 X X 0 0 0 MAX RAMBERG 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 DR CYNTHIA A TELLES 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 CATALINA JOOS VERGARA DIRECTOR 1.00 X 0 0 0 TIMOTHY WAHL DIRECTOR 1.00 X 0 0 0 SUSAN WEGLEITNER OFFICER-TREASURER (EFFECTIVE 1/2016) 1.00 X X 0 0 0 ALYCE WILLIAMSON DIRECTOR 1.00 X 0 0 0 RACHEL MOORE PRESIDENT (EFFECTIVE 9/2015) 35.00 X X 172108 0 6740 STEPHEN D ROUNTREE PRESIDENT (THROUGH 1/2015) 35.00 X X 262199 0 47886 HOWARD SHERMAN INTERIM PRESIDENT & EXEC. VP, COO 35.00 X 440896 0 54403 LISA WHITNEY SR. VP FINANCE, CFO 35.00 X 251891 0 33911 JAMES DRAPER HEAD OF PROPERTY 45.00 X 169798 0 44407 GARY EARL HEAD OF ELECTRIC 47.00 X 177394 0 46089 LARRY GOEBEL DIRECTOR OF SECURITY 40.00 X 166073 0 7159 EMMET KAISER HEAD OF CARPENTRY 46.00 X 169010 0 42253 KEITH MCTAGUE DIRECTOR, BUILDING SERVICE 40.00 X 177697 0 35212 1987066 0 318060 41 0 1 0 SODEXO INC & AFFILIATES PO BOX 43283 LOS ANGELES CA 90088 HOUSEKEEPING 2126168 THE PATINA GROUP 1150 SOUTH OLIVE STREET SUITE TG25 LOS ANGELES CA 90015 CATERING 1651311 MARIINSKY THEATRE OF ST PETERSBURG 130 W 56TH STREET NEW YORK NY 10019 DANCE COMPANY 562000 ALVIN AILEY AMERICAN DANCE 405 W 55TH STREET NEW YORK NY 10019 DANCE COMPANY 481787 FREDERICK FISHER AND PARTNERS ARCHITECTS 12248 SANTA MONICA BLVD LOS ANGELES CA 90025 ARCHITECTS 430824 55 852244 145810 8768263 329457 9766317 REIMB. BY LA COUNTY 900099 22894116 22894116 REIMB. BY SUBLICENSEES 900099 4723563 4723563 EDUCATION, PROGRAMMING 900099 3975714 3975714 FACILITY FEES 900099 3157959 3157959 THEATER RENTS 900099 2626536 2626536 44920 14920 30000 37422808 3657772 3657772 1408 1408 90 90 640662 19565 0 0 640662 19565 660227 660227 323156 70241 329457 0 -6301 70241 63940 63940 23000 852244 194296 -171296 -171296 RESTAURANT & CATERING 900099 1898547 1898547 CONCESSIONS 900099 111542 111542 LOSS ON PARTNERSHIP 900099 -98 -98 21401 21123 278 2031392 53432658 40084247 29902 3552192 797625 797625 123257 123257 1285181 472660 812521 18435048 15988811 1181340 1264897 1184710 1066294 63338 55078 2217044 1937685 162424 116935 1616503 1400978 118641 96884 309963 32879 277084 95942 95942 67308 67308 1984357 1594818 148943 240596 759464 742456 9277 7731 1327127 739810 259805 327512 114863 95352 12768 6743 6909 6909 433491 394556 25689 13246 75072 35564 29161 10347 1195765 1194556 533 676 1485651 1413707 56720 15224 1120033 1044450 75583 MAINTENANCE 8869074 8810289 55087 3698 PRODUCTION - ARTIST FEE 2244155 2239955 4200 CAPITAL EQUIPMENT PURCH 1495897 1464082 31815 PRODUCTION RELATED EXPE 1226072 1225648 424 2525961 2081467 211444 233050 50996472 44903808 3628115 2464549 18234 17718 8118880 8822942 16673081 16347506 2062510 1322303 21550 17343 578041 876369 2728990 2212548 645268 516442 4989578 4238130 21938238 23718126 36453703 31717672 91499083 87594551 9158279 11291204 6340492 6582983 25299340 24851430 1427704 1367800 42225815 44093417 X -4660575 -6172842 16198784 15438885 37735059 34235091 49273268 43501134 91499083 87594551 X 2436186 -770939 -7437381 X X 0 1 X 1 0 X 9052864 10122703 11014689 13287599 9766317 53244172 5145023 5448343 5599677 5467245 4915661 26575949 14197887 15571046 16614366 18754844 14681978 79820121 1098024 78722097 1851022 1752539 2057740 1987596 4319497 11968394 102770 30000 30000 30000 30000 222770 1716801 1783496 1777980 2033571 2031392 9343240 101354525 184288206 0.77670 0.79390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 30,545. 2012 AMOUNT: $ 31,558. 2013 AMOUNT: $ 27,742. 2014 AMOUNT: $ 16,381. 2015 AMOUNT: $ 21,303. RESTAURANT CATERING - 2011 AMOUNT: $ 1,633,144. 2012 AMOUNT: $ 1,704,793. 2013 AMOUNT: $ 1,706,994. 2014 AMOUNT: $ 1,916,944. 2015 AMOUNT: $ 1,898,547. CONCESSIONS - 2011 AMOUNT: $ 53,112. 2012 AMOUNT: $ 47,145. 2013 AMOUNT: $ 43,244. 2014 AMOUNT: $ 100,246. 2015 AMOUNT: $ 111,542. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 2549266 2071832 477434 179724 140716 39008 516442 UNITIZED FUND OF INVESTMENTS OPERATED BY MUSIC CENTER FOUNDATION 23718126 F 23718126 BENEFICIAL INTEREST IN TRUST 26880880 CONTRACT ACQUISITION COSTS 4836792 31717672 DUE TO RESIDENT COMPANIES 726430 DEPOSITS 297190 CAPITAL LEASE OBLIGATIONS 243023 BOND INTEREST PAYABLE 101157 1367800 X 53462677 -770939 4915661 -4114801 29921 53432756 -98 -98 53432658 55912133 4915661 4915661 50996472 0 50996472 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, 2016 AND 2015, 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 2013 THROUGH 2016 TAX YEARS. THE STATE OF CALIFORNIA INCOME TAX RETURNS STILL OPEN AND SUBJECT TO EXAMINATION ARE ALSO FOR THE 2012 THROUGH 2016 TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTERESTS -4,114,801. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON PARTNERSHIP -98. X X X X X X X 1 THEATER DIRECT INC 4213 WEST BURBANK BLVD BURBANK CA 91505 TELEMARKETING 0 179298 67308 111990 179298 67308 111990 CA SUMMER SOIREE 638548 638548 3760 21031 6564 82053 SPOTLIGHT GALA 236696 213696 23000 2037 40750 11801 26300 875244 852244 23000 5797 61781 18365 108353 194296 -171296 SCHEDULE G, PART II: THE SUMMER SOIREE FUNDRAISING EVENT WAS HELD ON JULY 7, 2016, AFTER THE CLOSE OF THE FISCAL YEAR ENDING JUNE 30, 2016. 1 LOS ANGELES MASTER CHORALE 135 NORTH GRAND AVE LOS ANGELES CA 90012 952315682 501(C) 3 104606 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 207275 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE LOS ANGELES PHILHARMONIC ASSOCIATION 151 SOUTH GRAND AVE LOS ANGELES CA 90012 951696734 501(C) 3 207274 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE CENTER THEATRE GROUP 135 NORTH GRAND AVE LOS ANGELES CA 90012 952466183 501(C) 3 278470 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE AND GRANT 4 0 SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS FOR HIGH SCHOOL PERFORMING AND VISUAL ARTISTS. 139 123257 0 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 MOORE PRESIDENT (EFFECTIVE 9/2015) 167010 0 0 0 5098 0 4442 0 2298 0 178848 0 0 0 STEPHEN D ROUNTREE PRESIDENT (THROUGH 1/2015) 261317 0 0 0 882 0 47683 0 203 0 310085 0 173613 0 HOWARD SHERMAN INTERIM PRESIDENT & EXEC. VP, COO 316753 0 100000 0 24143 0 46268 0 8135 0 495299 0 0 0 LISA WHITNEY SR. VP FINANCE, CFO 227487 0 0 0 24404 0 23226 0 10685 0 285802 0 0 0 JAMES DRAPER HEAD OF PROPERTY 169798 0 0 0 0 0 0 0 44407 0 214205 0 0 0 GARY EARL HEAD OF ELECTRIC 158203 0 0 0 19191 0 0 0 46089 0 223483 0 0 0 LARRY GOEBEL DIRECTOR OF SECURITY 141297 0 0 0 24776 0 6452 0 707 0 173232 0 0 0 EMMET KAISER HEAD OF CARPENTRY 169010 0 0 0 0 0 0 0 42253 0 211263 0 0 0 KEITH MCTAGUE DIRECTOR, BUILDING SERVICE 177697 0 0 0 0 0 0 0 35212 0 212909 0 0 0 A CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK 630304653 13033WA37 2007-05-23 28473809 RENOVATION OF MARK TAPER FORUM 0 0 0 A 2770000 29465374 1712077 1938956 554390 25215282 85621 2008 0 0 1 1 A 0 1 1 1 0 0.00300 0.00000 0.00300 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 FIFTH YEAR REBATE COMPUTATION WAS PERFORMED AS OF MAY 23, 2012. PART IV LINE 5B: TRINITY FDG CO & DEPFA BANK PART IV, LINE 5C: 1.10 AND 1.30 YEAR X 36 329457 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 A, LINE 4 DURING THE FISCAL YEAR ENDING JUNE 30, 2016 THE ORGANIZATION AMENDED THEIR BYLAWS TO INCLUDE THE FOLLOWING CHANGES: - THE BOARD COMMITTEE STRUCTURE, PROCEDURES, DUTIES, AND TERMS WERE CLARIFIED - THE REQUIREMENTS OF BOARD MEMBERS IN ORDER TO EFFECTIVELY CARRY OUT THE DUTIES OF THE BOARD WERE MADE EXPLICIT - PROCEDURES RELATING TO THE REMOVAL OF DIRECTORS WERE SPECIFIED - SECTIONS PERTAINING TO SELF-DEALING TRANSACTIONS AND MUTUAL DIRECTORS WERE ADDED - THE DUTIES OF VARIOUS OFFICERS WERE AMENDED - A SECTION WAS ADDED TO CLARIFY THE POLICY RELATING TO COMPENSATION OF THE PRESIDENT AND OFFICERS OF THE CORPORATION - THE REQUIREMENT TO ISSUE AN ANNUAL REPORT TO ALL DIRECTORS WAS ADDED - THE REQUIREMENT TO DISCLOSE CERTAIN TRANSACTIONS AND INDEMNIFICATIONS TO EACH DIRECTOR ON AN ANNUAL BASIS WAS ADDED FORM 990, PART VI, SECTION B, LINE 11 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 15A 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 VII, SECTION A: DURING THE FISCAL YEAR HOWARD SHERMAN WAS ON THE BOARD AS INTERIM PRESIDENT UNTIL SEPTEMBER 2015. AFTERWARDS, HE CONTINUED AS EXECUTIVE VP AND COO FOR THE ORGANIZATION FOR THE REST OF THE YEAR. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS -4,114,801. SFAS 158 COMPREHENSIVE INCOME RELATED TO PENSION OBLIGATION -3,322,678. INCOME/LOSS FROM PARTNERSHIP 98. 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