2017-11-15T09:17:53-06:00 2016-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2016-01-01 455316035 WORLD TRADE CENTER PERFORMING ARTS CENTER INC WORL 2122663000 ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 DAVID LANGFORD COO 2123128800 2017-11-15 1 GARRETT M HIGGINS P00543209 2122862600 2017-11-15 65.51.112.58 2017-11-15 09:58:54 ES P 5FBDCBD040DC1AD11941E9056BDD8F8313149616 996E57144C2C780C420ED175BF91B1AE373E2BAB 2016 2021-01-29 14:40:06Z PERFORMING ARTS CENTER AT THE WORLD TRADE CENTER DAVID LANGFORD ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 5949608 0 X HTTP://PACWTC.ORG/ X 2012 NY WORLD TRADE CENTER PERFORMING ARTS CENTER, INC. (THE "PAC") WILL PRESENT THE BEST IN THEATER, DANCE, MUSIC AND FILM FROM THE UNITED STATES AND AROUND THE WORLD IN A STATE-OF-THE-ART VENUE. THE PAC WILL ALSO PRODUCE COLLABORATIVE AND CROSS-DISCIPLINARY WORKS CREATED BY TODAY'S FOREMOST ARTISTS. 15 15 5 28 0 0 1041733 5949608 0 0 0 0 0 0 1041733 5949608 0 0 0 0 649630 631671 70000 385000 436157 429540 560120 1149170 1576791 -107437 4372817 3468709 10287131 2625666 5353621 843043 4933510 THE PAC WILL CREATE A CULTURAL AND PERFORMING ARTS CENTER AT THE WORLD TRADE CENTER SITE THAT WILL CONTRIBUTE TO THE REVITALIZATION OF LOWER MANHATTAN AND PROMOTE THE PERFORMING ARTS BY PRODUCING AND PRESENTING THEATER, DANCE, MUSIC, AND FILM FROM AMERICA AND AROUND THE WORLD. 0 0 994381 IN EARLY 2016, THE PAC DESIGN TEAM (REX, CHARCOALBLUE AND DAVIS BRODY BOND) KICKED OFF IN EARNEST. CONCEPTUAL DESIGN WAS COMPLETED AND BOARD APPROVED IN THE SUMMER ADVANCING THEN INTO SCHEMATIC DESIGN. PROJECT MANAGEMENT AND DESIGN COSTS OF $6,590,648 WERE INCURRED IN 2016 AND CAPITALIZED AS CONSTRUCTION IN PROGRESS. THE BOARD EXPANDED TO 15 MEMBERS BY END OF THE YEAR IN PREPARATION FOR INCREASED FUNDRAISING GOALS FOR 2017 AND BEYOND. 994381 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 5 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X DAVID LANGFORD 2122663000 ONE LIBERTY PLAZA 20TH FL NEW YORK NY 10006 BARBRA STREISAND CHAIR 1.00 X X 0 0 0 DOMINIC CASSERLEY TREASURER 1.00 X X 0 0 0 PETER DARROW VICE-CHAIR 5.00 X X 0 0 0 CHRISTINE TAYLOR SECRETARY 1.00 X X 0 0 0 STEPHEN DALDRY DIRECTOR 1.00 X 0 0 0 CHRISTINE A FERER DIRECTOR THRU AUGUST 30, 2016 1.00 X 0 0 0 ALICIA GLEN DIRECTOR 1.00 X 0 0 0 PATRICIA E HARRIS DIRECTOR 1.00 X 0 0 0 ZENIA MUCHA DIRECTOR 1.00 X 0 0 0 SUSAN STROMAN DIRECTOR 1.00 X 0 0 0 ARI EMANUEL DIRECTOR 1.00 X 0 0 0 RIC CLARK DIRECTOR 1.00 X 0 0 0 HAROLD FORD JR DIRECTOR 1.00 X 0 0 0 RONALD O PERELMAN DIRECTOR 1.00 X 0 0 0 BARRY F SCHWARTZ DIRECTOR 1.00 X 0 0 0 LARRY A SILVERSTEIN DIRECTOR 1.00 X 0 0 0 MAGGIE BOEPPLE PRESIDENT 40.00 X 227723 0 19836 DAVID LANGFORD COO 40.00 X 218158 0 44731 445881 0 64567 2 0 1 0 COMMUNITY COUNSELING SERVICE CO LLC 461 FIFTH AVENUE 3RD FLOOR NEW YORK NY 10017 CAMPAIGN MANAGEMENT 385000 BUT CALL ME JENNY LLC 98 RIVERSIDE DRIVE 14D NEW YORK NY 10024 ARTISTIC PRODUCTION CONSULTING 102756 2 1945687 4003921 5949608 5949608 0 0 0 X 510448 408358 76568 25522 75438 52590 21017 1831 11222 8977 1683 562 4297 3437 645 215 30266 23305 5448 1513 23296 18581 4594 121 40049 34041 5208 800 385000 385000 292109 281154 4242 6713 70468 63975 1392 5101 31922 22513 3939 5470 11666 9916 1517 233 22423 19060 2915 448 6765 6765 32512 17135 13327 2050 28910 24574 3758 578 1576791 994381 146253 436157 543826 173281 1072611 1774393 17273 15472 475758 191631 385789 284127 1449210 8039858 3468709 10287131 368023 2665978 500000 1000000 1757643 1687643 2625666 5353621 X -192240 4180577 1035283 752933 843043 4933510 3468709 10287131 X 4372817 -282350 X X 0 1 X 1 1 1 X 257742 1041943 454676 1041733 5949608 8745702 257742 1041943 454676 1041733 5949608 8745702 4667258 4078444 8745702 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 405194 160147 245047 70564 31484 39080 284127 CONSTRUCTION IN PROGRESS 8039858 8039858 DUE TO NATIONAL SEPTEMBER 11 MEMORIAL AND MUSEUM 1500976 DEFERRED RENT 186667 1687643 X 5949608 0 5949608 0 5949608 1859141 282350 282350 1576791 0 1576791 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATIONS OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAX, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO 2013. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMORTIZATION OF DONATED OFFICE SPACE 282,350. X X X 1 COMMUNITY COUNSELING SERVICE CO LLC 461 FIFTH AVENUE - 3RD FLOOR NEW YORK NY 10017 CAMPAIGN MANAGEMENT 0 0 385000 -385000 385000 -385000 NY SCHEDULE G, PART I, LINE 2B, COLUMN (V) TOTAL FEE PER CONTRACT IS $385,000 PLUS REIMBURSABLE EXPENDITURES. SERVICE FEE IS PAYABLE IN ELEVEN INSTALLMENTS OF $35,000. TOTAL FEES OF $385,000 WERE PAID TO CCS DURING CALENDAR YEAR 2016. X X X 0 0 0 0 0 0 0 0 0 MAGGIE BOEPPLE PRESIDENT 227723 0 0 0 0 0 14746 0 5090 0 247559 0 0 0 DAVID LANGFORD COO 218158 0 0 0 0 0 15784 0 28947 0 262889 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS GOVERNING DOCUMENTS TO ENSURE COMPLIANCE WITH THE NEW YORK STATE NONPROFIT REVITALIZATION ACT. ADDITIONALLY, THE NUMBER OF REQUIRED COMMITTEE MEMBERS WERE ADJUSTED. COMMITTEES DEFINED IN THE BY-LAWS ARE EXECUTIVE COMMITTEE AND AUDIT COMMITTEE. THE BOARD THEN HAS AUTHORIZATION TO ESTABLISH ADDITIONAL COMMITTEES AND HAS DONE SO IN 2017. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE COO AND PRESIDENT, AND THEN PROVIDED ELECTRONICALLY TO THE BOARD PRIOR TO FILING. THE BOARD IS PROVIDED AN OPPORTUNITY TO ASK QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE PAC HAS A BOARD APPROVED CONFLICT OF INTEREST POLICY WHICH IT ACTIVELY MONITORS AND ENFORCES. THE POLICY MANDATES THAT ALL DIRECTORS AND OFFICERS ANNUALLY SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST QUESTIONNAIRE IS FILED ANNUALLY WITH THE PRESIDENT OF THE PAC OR HER DESIGNEE WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS EXPECTED TO OCCUR WITHIN THE FOLLOWING YEAR. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS ON THE PART OF A DIRECTOR OR OFFICER, DISCLOSURE SHALL BE MADE TO THE CHAIR OF THE BOARD AND EXTERNAL BOARD COUNSEL. IF AN ACTUAL CONFLICT EXISTS AND INVOLVES A PARTICULAR TRANSACTION THAT REQUIRES A VOTE OF THE BOARD, THE AFFECTED MEMBER OF MANAGEMENT OR THE BOARD WILL NOT BE ENTITLED TO VOTE, DELIBERATE OR OTHERWISE USE HIS OR HER INFLUENCE ON THE MATTER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15A THE PAC'S PRESIDENT'S COMPENSATION WAS DETERMINED BY A VOTE OF THE BOARD AFTER THE BOARD MEMBERS HAD AN OPPORTUNITY TO REVIEW THE POSITION DESCRIPTION, PRESIDENT'S QUALIFICATIONS, INCLUDING HER CURRICULUM VITAE, AND COMPENSATION DATA OF PRESIDENTS AT SIMILARLY SITUATED CULTURAL INSTITUTIONS. NONE OF THE DIRECTORS INVOLVED IN DETERMINING THE PRESIDENT'S COMPENSATION HAD A CONFLICT OF INTEREST IN CONNECTION WITH THE DETERMINATION. CONTEMPORANEOUS DOCUMENTATION WITH RESPECT TO THE DELIBERATION AND VOTE IS RETAINED IN THE PAC'S FILES. THE PROCESS HAS BEEN PERFORMED IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE PAC'S FORM 990, FORM 1023, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST AT ONE LIBERTY PLAZA, 29TH FL., NEW YORK, NY 10006 OR BY CALLING THE ORGANIZATION DIRECTLY AT 212-266-3000. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G ARTISTIC PROGRAM DEVELOPMENT: PROGRAM SERVICE EXPENSES 93,614. MANAGEMENT AND GENERAL EXPENSES 1,398. FUNDRAISING EXPENSES 2,212. TOTAL EXPENSES 97,224. BUSINESS PLAN DEVELOPMENT: PROGRAM SERVICE EXPENSES 103,137. MANAGEMENT AND GENERAL EXPENSES 1,564. FUNDRAISING EXPENSES 2,475. TOTAL EXPENSES 107,176. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 60,593. MANAGEMENT AND GENERAL EXPENSES 919. FUNDRAISING EXPENSES 1,455. TOTAL EXPENSES 62,967. HUMAN RESOURCES CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 8,098. MANAGEMENT AND GENERAL EXPENSES 123. FUNDRAISING EXPENSES 194. TOTAL EXPENSES 8,415. F&B BUSINESS PLAN DEVELOPMENT: PROGRAM SERVICE EXPENSES 15,712. MANAGEMENT AND GENERAL EXPENSES 238. FUNDRAISING EXPENSES 377. TOTAL EXPENSES 16,327. FORM 990, PART XI, LINE 9: AMORTIZATION OF DONATED OFFICE SPACE -282,350. FORM 990, PART XII, LINE 2C: IN 2016 THE ORGANIZATION ESTABLISHED AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. PRIOR TO 2016, THE FULL BOARD ASSUMED OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT.