2017-05-11T11:40:48-07:00 2016-06-30 990 2015-07-01 203523938 OPAS FOUNDATION OPAS 4023450202 1200 Douglas Omaha NE 68102 Joan Squires President 4023450202 2017-05-11 2015 2021-01-29 14:40:06Z Joan H Squires 1200 Douglas Street Omaha NE 68102 2048781 0 X X 2005 NE The mission of OPAS Foundation is to further the objectives and purpose of Omaha Performing Arts Society. 3 3 0 0 0 0 800025 42789 2006547 2006547 59 -555 0 0 2806631 2048781 1870000 1870000 0 0 322856 169312 0 0 0 2136132 2062709 4328988 4102021 -1522357 -2053240 69783324 67954313 1168750 1392979 68614574 66561334 The mission of OPAS Foundation is to further the objectives and purpose of Omaha Performing Arts Society. 0 0 4036789 1870000 2049336 OPAS Foundation owns the Holland Performing Arts Center and leases the building to Omaha Performing Arts Society to further the mission of that organization. 0 0 0 4036789 1 1 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 3 3 0 0 1 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 RICHARD HOLLAND VICE CHAIR 1 1 X X 0 0 0 MICHAEL B YANNEY DIRECTOR 1 0 X 0 0 0 JOHN BOYER SECRETARY 1 1 X 0 0 0 JOAN H SQUIRES PRESIDENT 5 60 X 0 468690 27094 ARNOLD REEVES SENIOR VP AND CFO 5 45 X 0 152087 23987 0 620777 51081 0 0 1 0 0 0 0 0 0 42789 0 42789 Rent 900099 2006547 2006547 0 0 0 0 0 0 2006547 -555 -555 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 0 0 0 2048781 2005992 0 0 1870000 1870000 0 0 0 0 0 0 169312 126985 42327 0 1000 1000 0 0 1770 1770 2037034 2037034 0 0 22905 22905 4102021 4036789 65232 0 83185 34750 925084 924531 1030433 974406 87907106 21886480 67744622 66020626 69783324 67954313 1168750 1079941 0 313038 1168750 1392979 X 68114549 66061309 500025 500025 0 0 68614574 66561334 69783324 67954313 -2053240 0 0 0 0 0 X 0 1 X 1 0 X 125000 800025 42789 967814 2006547 2006547 2006547 2006547 2006547 10032735 2006547 2006547 2131547 2806572 2049336 11000549 11000549 2006547 2006547 2131547 2806572 2049336 11000549 1 1 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 925084 42789 -553 0 0 0 967320 0 925025 59 0 0 0 925084 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.48 0 0.52 0 0 0 6342906 6342906 0 81564200 21886480 59677720 0 0 0 0 0 0 0 0 0 0 0 0 66020626 0 Due to OPAS 313038 313038 X Schedule D, Part V, Line 4 To support operations of Omaha Performing Arts Society Schedule D, Part X, Line 1 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. Schedule D, Part X, Line 2 In FY16, the OPAS Foundation acquired a parcel of land which was paid for by OPAS. OPAS Foundation will pay back the liability to OPAS over three years. 1 Omaha Performing Arts Society 1200 Douglas St Omaha NE 68102 470832480 501(c)(3) 1870000 0 To further the mission of Omaha Performing Arts. 1 0 Schedule I, Part I, Line 2 OPAS Foundation granted $1,870,000 to Omaha Performing Arts 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 provides information about maintenance and capital improvement projects and operations annually to the OPAS Foundation. 0 1 0 0 0 0 0 0 0 JOAN H SQUIRES PRESIDENT 0 305471 0 36800 0 126419 0 12384 0 14711 0 495785 0 0 ARNOLD REEVES SENIOR VP AND CFO 0 151895 0 0 0 193 0 6394 0 17593 0 176075 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 section 409a 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 that right, which was included in the Officer's reportable compensation was $1,352. OPAS Foundation also sponsors an additional 457(f) deferred compensation plan effective January 1, 2014. As of 6/30/2016, the Officer's deferred compensation account was credited with $125,000. Form 990, Part VI, Section A, Line 4 The following bylaw changes were made for the fiscal year ending 6/30/16: Tenure of Board of Directors: Established three-year terms, staggered so that each year approximately one-third of the Directors may retire from the board and a like number of Directors are elected. Directors may serve for unlimited consecutive terms. Removal: A Director may be removed by an affirmative vote by a majority of all other Directors. A Director may also resign at any time by delivering written notice. Notice of Special Meeting: Notice may be given via electronic communication. Presumption of Assent: A Director present at a meeting of the Board of Directors at which action on any corporate matter is taken shall be presumed to have assented to the action taken unless his or her dissent or recusal is entered in the meeting minutes, or the Director files his or her written dissent with the acting Secretary. Committees: The Board of Directors may create Committees of the Board. Membership will be set forth in a Board resolution or Committee charter. Committees are subject to the control and direction of the Board. Officers: Chairman and Vice Chairman are now Chair and Vice Chair. The Chair and Vice Chair must each be a Director. The President and Secretary (to the extent not a Director) shall serve as ex officio members of the Board of Directors. An Officer may resign at any time by delivering written notice to the Board. There is no longer a Treasurer. Executive Committee: The President may be designated by the Board of Directors as an ex officio member of the Executive Committee. The Board of Directors may accept on behalf of the Corporation any contribution, gift, bequest, or devise for the general purposes or for any special purpose of the Corporation, provided that it is in accordance with the Internal Revenue Code requirements for a public charity. 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 1 0 1 0 0 0 0 0 0 0 0 0 OMAHA PERFORMING ARTS SOCIETY b 1870000 OMAHA PERFORMING ARTS SOCIETY h 313038 OMAHA PERFORMING ARTS SOCIETY j 2006547