2017-02-14T14:05:39-06:00 2016-06-30 KPMG LLP 1676 INTERNATIONAL DRIVE McLean VA 22102 990 2015-07-01 131923626 The Carnegie Hall Corporation % PATRICIA LONG CARN 2129039600 881 SEVENTH AVENUE NEW YORK NY 10019 PATRICIA LONG CFO 2129039600 2017-02-14 true MARGARET A BRADSHAW P00501222 7032868000 2017-02-10 2015 2021-01-29 14:40:06Z CLIVE GILLINSON 881 SEVENTH AVENUE NEW YORK NY 10019 91003974 false X www.carnegiehall.org X 1960 NY TO PRESENT MUSIC & MUSICIANS, BRING THE TRANSFORMATIVE POWER OF MUSIC TO THE PUBLIC, PROVIDE EDUCATION PROGRAMS, AND PROVIDE NEW WORKS, ARTISTS & AUDIENCES. 40 37 746 154 0 80428018 42837965 28952778 32898828 581 3508 4244662 4422292 113626039 80162593 527158 248983 0 0 38061419 42279612 0 0 187264 45465188 51613331 84053765 94141926 29572274 -13979333 311309724 294806286 59300130 60678270 252009594 234128016 X SEE SCHEDULE O false false 22714699 16538403 CARNEGIE HALL PRODUCED EVENTS: OF THE APPROXIMATELY 650 EVENTS THAT TAKE PLACE AT CARNEGIE HALL EACH SEASON, CARNEGIE HALL PRESENTS OR PRODUCES APPROXIMATELY 32% OF THE CONCERTS HELD IN STERN AUDITORIUM/PERELMAN STAGE, LESS THAN 8% OF THE EVENTS IN WEILL RECITAL HALL, AND APPROXIMATELY 41% OF THE EVENTS IN ZANKEL HALL. THESE PRESENTATIONS-RANGING FROM ORCHESTRAL CONCERTS, CHAMBER MUSIC, SOLO RECITALS, AND CHORAL PERFORMANCES TO JAZZ, WORLD, AND POPULAR MUSIC ARE MARKETED BOTH AS SUBSCRIPTION SERIES (ORGANIZED INTO APPROXIMATELY 50 CONCERT SERIES EACH YEAR) AND AS SINGLE EVENTS. 18182375 16239117 HALL RENTAL OPERATIONS: IN ADDITION TO CARNEGIE HALL'S OWN PRESENTATIONS, THE CORPORATION LEASES AND MANAGES CARNEGIE HALL AS AN AUDITORIUM FOR CONCERTS AND OTHER PERFORMANCES TO DIVERSIFY THE EXPOSURE OF MUSIC RELATED ARTS TO THE COMMUNITY. SUCH EVENTS PRESENTED BY OUTSIDE PROMOTERS REPRESENT A SOURCE OF RENTAL INCOME AND BRING A GREATER VARIETY TO THE STAGES, AUGMENTING THE ARTISTIC PROFILE OF CARNEGIE HALL AND UNDERSCORING A LONG TRADITION OF EMBRACING DIVERSITY. 12025831 THE WEILL MUSIC INSTITUTE AT CARNEGIE HALL CREATES BROAD-REACHING MUSIC EDUCATION PROGRAMS, PLAYING A CENTRAL ROLE IN CARNEGIE HALL'S COMMITMENT TO MAKING GREAT MUSIC ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE THROUGH CREATIVE MUSICAL INTERACTION AND INSPIRING LIFELONG LEARNING. 7893764 REAL ESTATE OPERATIONS 21735054 436632 OTHER OPS & SPECIAL PROJECTS 29628818 436632 82551723 true true false true false false false true false false true false false false true false false true false false true false false false false false false true true true false false false false false false false true false false false false false true true true false false true 536 0 true 746 true false false false false false false false false false false X 40 37 true false false false true true false true true false false true true true true true true true true false NY X PATRICIA LONG 2129039600 881 SEVENTH AVENUE NEW YORK NY 10019 X EMANUEL AX TRUSTEE 1.0 0.0 X 0 0 0 MERCEDES T BASS ACTING CHAIRMAN/VICE CHAIRMAN 1.0 0.0 X X 0 0 0 NORTON BELKNAP TRUSTEE 1.0 0.0 X 0 0 0 KENNETH J BIALKIN SECRETARY SINCE OCT 2015 1.0 0.0 X X 0 0 0 CLARISSA ALCOCK BRONFMAN VICE CHAIRMAN 1.0 0.0 X X 0 0 0 NICOLA BULGARI TRUSTEE 1.0 0.0 X 0 0 0 RICHARD A DEBS TRUSTEE 1.0 0.0 X 0 0 0 GREGORY T DURANT TRUSTEE 1.0 0.0 X 0 0 0 SCOTT A EDELMAN SECRETARY UNTIL OCT 2015 1.0 0.0 X X 0 0 0 ANNE M FINUCANE TRUSTEE 1.0 0.0 X 0 0 0 EDWARD C FORST TREASURER 1.0 0.0 X X 0 0 0 MARINA KELLEN FRENCH TRUSTEE 1.0 0.0 X 0 0 0 CLIVE GILLINSON EXECUTIVE & ARTISTIC DIRECTOR 60.0 1.0 X X 1379276 0 75764 MARILYN HORNE TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN R HOWE JR TRUSTEE 1.0 0.0 X 0 0 0 KLAUS JACOBS VICE CHAIRMAN 1.0 0.0 X X 0 0 0 ROBERT W JONES TRUSTEE 1.0 0.0 X 0 0 0 ROBERT K KRAFT TRUSTEE 1.0 0.0 X 0 0 0 SALLIE L KRAWCHECK TRUSTEE(STEPPED DOWN OCT 2015) 1.0 0.0 X 0 0 0 ROBERT I LIPP TRUSTEE 1.0 0.0 X 0 0 0 TERRY J LUNDGREN TRUSTEE 1.0 0.0 X 0 0 0 THOMAS G MAHERAS TRUSTEE 1.0 0.0 X 0 0 0 PETER W MAY VICE CHAIRMAN 1.0 0.0 X X 0 0 0 LESTER S MORSE JR TRUSTEE 1.0 0.0 X 0 0 0 DENNIS M NALLY TRUSTEE 1.0 0.0 X 0 0 0 JOSHUA NASH TRUSTEE 1.0 0.0 X 0 0 0 FRANK N NEWMAN TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM G PARRETT TRUSTEE 1.0 0.0 X 0 0 0 RONALD O PERELMAN CHAIRMAN (STEPPED DOWN 1/2016) 1.0 0.0 X X 0 0 0 LAURA H POMERANTZ TRUSTEE 1.0 0.0 X 0 0 0 DON M RANDEL TRUSTEE 1.0 0.0 X 0 0 0 BURTON P RESNICK VICE CHAIRMAN 1.0 0.0 X X 0 0 0 JUDITH RODIN TRUSTEE(STEPPED DOWN DEC 2015) 1.0 0.0 X 0 0 0 CHARLES M ROSENTHAL TRUSTEE 1.0 0.0 X 0 0 0 JOSHUA RUCH TRUSTEE 1.0 0.0 X 0 0 0 SANA H SABBAGH TRUSTEE 1.0 0.0 X 0 0 0 STANLEY S SHUMAN TRUSTEE 1.0 0.0 X 0 0 0 AJC SMITH TRUSTEE 1.0 0.0 X 0 0 0 ROBERT F SMITH CHAIRMAN SINCE JUNE 2016 1.0 0.0 X X 0 0 0 S DONALD SUSSMAN TRUSTEE 1.0 0.0 X 0 0 0 LINDA J WACHNER TRUSTEE 1.0 0.0 X 0 0 0 DARREN WALKER TRUSTEE 1.0 0.0 X 0 0 0 SANFORD I WEILL PRESIDENT 1.0 0.0 X X 0 0 0 JAMES D WOLFENSOHN TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA LONG CFO 60.0 1.0 X 239054 0 2709 SUSAN J BRADY DEVELOPMENT DIRECTOR 60.0 0.0 X 337961 0 77683 ANNA WEBER GEN MGR ARTISTIC & OPERATION 60.0 0.0 X 395632 0 70247 AARON LEVINE CIO 60.0 0.0 X 347421 0 87811 RICHARD MALENKA ADMINISTRATION DIRECTOR 60.0 0.0 X 378189 0 62472 KENNETH BELTRONE STAGEHAND 80.0 0.0 X 336888 0 117911 JAMES CSOLLANY STAGEHAND 80.0 0.0 X 302005 0 105702 JOHN GOODSON STAGEHAND 80.0 0.0 X 295784 0 103525 KENNETH CLARK STAGEHAND 80.0 0.0 X 358311 0 125409 DENNIS O'CONNELL STAGEHAND 80.0 0.0 X 448450 0 156957 4818971 0 986190 75 false true false TISHMAN INTERIORS CORPORATION 666 5TH AVENUE 36 NEW YORK NY 101033699 CONSTRUCTION 9139335 BERLINER PHILHARMONIE GMBH HERBERT-VON-KARAJAN-STRABE 1 BERLIN 0 GM 10785 Artist Fees 1858263 STEALTH SECURITY ASSOC LLC 7 BAY DRIVE COPIAGUE NY 117265401 SECURITY 1216512 BOSTON SYMPHONY ORCHESTRA INC 301 Massachusetts Avenue BOSTON MA 02115 Artist Fees 1101313 VIENNA PHILHARMONIC ORCHESTRA BOSENDORFERSTRABE 12 VIENNA 0 AU A-1010 Artist Fees 1068805 65 42022156 143500 672309 42837965 BOX OFFICE RECEIPTS 711130 16538403 16538403 PERFORMANCES PRODUCED BY OTHERS 711130 16239117 16239117 TOURS OF CARNEGIE HALL 711130 121308 121308 32898828 3508 3508 0 2003 2003 14706954 10601989 4104965 0 4104965 4104965 0 0 0 447793 239392 208401 208401 0 OTHER INCOME 900099 106923 106923 106923 80162593 33214152 0 4110476 203143 203143 45840 45840 0 0 3419133 1048496 2370637 0 26543715 23223068 3320647 4349979 4349979 5195760 4307015 888745 2771025 2746754 24271 0 2137472 118921 2018551 310740 310740 0 0 0 2795524 2015294 780230 3930710 3897392 33318 2453762 2048626 405136 716235 496037 220198 0 244074 244074 2651471 2579448 72023 0 433386 404936 28450 199859 199859 0 16890298 16120817 582217 187264 1415082 1415082 CONCERT EXPENSES 15859227 15859212 15 SECURITY 568543 568543 REPAIR AND MAINTENANCE 372321 363571 8750 MUSEUM ACQUISITIONS & EXHIBITS 99988 99988 534639 395487 139152 94141926 82551723 11402939 187264 10108429 8177887 0 0 1211410 771410 0 0 0 0 0 0 0 0 0 0 3088260 4243614 380614527 99004247 294400619 281610280 2501006 3095 0 0 0 0 0 0 0 0 311309724 294806286 6106449 6441252 0 0 11443053 11860871 0 0 0 0 0 0 0 0 19341583 13000000 22409045 29376147 59300130 60678270 X 252009594 234128016 0 0 0 0 252009594 234128016 311309724 294806286 X -13979333 -7600 -3894645 X false true X true false X 74418688 59932445 59315257 80428018 42837965 316932373 0 1004185 1104070 1274240 1331340 1076021 5789856 75422873 61036515 60589497 81759358 43913986 322722229 0 322722229 10898536 11215183 11766894 13435469 14712465 62028547 0 535685 535685 385286461 141024015 0.83762 0.86059 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 178765 0 178765 94141926 105593937 94141926 105772702 1000000 1731539 250000 432885 false 1000000 1000000 1000000 1000000 4000000 6000000 181975 182771 181578 178765 725089 250000 250000 250000 250000 1000000 1500000 0 0 X X X false false 8400000 8400000 162332973 93843651 68489322 11610727 5160596 6450131 198270827 0 198270827 281610280 0 ACCRUED MIN. PENSION LIABILITY 16471193 ACCRUED PENSION COSTS 12904954 29376147 99689513 -18396389 1076021 26664802 9344434 90345079 658895 -10841381 -10182486 80162593 123102895 1083621 27877348 28960969 94141926 94141926 OTHER REVENUE INCLUDED ON AUDITED FINANCIAL STATEMENTS BUT NOT ON FORM 990 SCHEDULE D, PART XI, LINE 2D AFFILIATE'S REVENUE : $ 65,831,594 INTERCOMPANY GRANT ELIMINATED : (42,022,156) AFFILIATE'S EXPENSES RECLASSED IN REVENUE : 2,685,965 AFFILIATE'S DONATED SERVICES : 169,400 ROUNDING : -1 ------------- TOTAL OTHER LINE 2D = $ 26,664,802 OTHER REVENUE INCLUDED ON FORM 990 BUT NOT ON AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XI, LINE 4B RENTAL EXPENSES : $ (10,601,989) COST OF GOODS SOLD : (239,392) ------------- TOTAL OTHER LINE 4B = $ (10,841,381) OTHER EXPENSES INCLUDED ON AUDITED FINANCIAL STATEMENTS BUT NOT FORM 990 SCHEDULE D, PART XII, LINE 2D AFFILIATE'S EXPENSES : $ 54,107,848 AFFILIATE'S INVESTMENT EXPENSES RECLASSED : (658,895) AFFILIATE'S EXPENSES RECLASSED TO REVENUE : 2,685,965 AFFILIATE'S INTERCOMPANY EXPENSE ELIMINATED : (1,085,942) INTERCOMPANY GRANT ELIMINATED : (42,022,156) ACTUARIAL GAIN ON PENSION PLAN : 3,894,647 RENTAL EXPENSES : 10,601,989 COST OF GOODS SOLD : 239,392 AFFLIATE'S DONATED SERVICES : 114,500 -------------- TOTAL OTHER LINE 2D = $ 27,877,348 ART COLLECTION SCHEDULE D, PART III, LINE 4 THE ROSE MUSEUM EXHIBITS CARNEGIE HALL'S HISTORY AND ARCHIVAL TREASURES. THE PERMANENT EXHIBIT CONTAINS A CHRONOLOGY OF EVENTS FROM 1891 TO THE PRESENT, A HISTORY OF THE BUILDING, AS WELL AS ITEMS RELATING TO PERFORMANCES AND PERFORMERS. ON A REGULAR BASIS, TO PROVIDE AN ADDITIONAL DIMENSION TO A FESTIVAL OR MAJOR EVENT, TEMPORARY EXHIBITS ARE SHOWN WHICH MAY FEATURE MATERIAL BORROWED FROM OTHER ARCHIVES OR MUSEUMS. TOURS OF CARNEGIE HALL ARE CONDUCTED BY CARNEGIE HALL MUSIC AMBASSADORS (CARNEGIE HALL'S VOLUNTEERS). TOURS ALLOW VISITORS TO TAKE A JOURNEY THROUGH THE BUILDING AND LEARN MORE ABOUT THE CARNEGIE HALL STORY - FROM ANDREW CARNEGIE, TO ISAAC STERN LEADING THE EFFORT TO SAVE CARNEGIE HALL FROM DESTRUCTION, TO WELL OVER A CENTURY OF MEMORABLE PERFORMANCES. UNCERTAIN TAX POSITION SCHEDULE D, PART X, LINE 2 THE AUDITED FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING ASC 740 (FORMERLY FIN 48) BECAUSE IT DID NOT HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. Central America and the Caribbean Program Services Arts Programming 45763 East Asia and the Pacific Program Services Arts Programming 1424930 1470693 1470693 false false false false false false FOREIGN PROGRAM EXPENDITURES PART I, LINE 3 THE FOREIGN EXPENDITURES ON PART I, LINE 3 ARE REPORTED ON THE ACCRUAL BASIS. true Brooklyn Defender Services- Young New Yorkers 177 Livingston Street 5th Fl Brooklyn NY 11201 113305406 501 (C)(3) 6000 PROVIDE ARTS PROGRAM Building Beats Incorporated 215 Maujer Street 2R Brooklyn NY 11206 461233303 501 (C)(3) 15000 PROVIDE ARTS PROGRAM Columbus Symphony Orchestra 55 East State Street Attn Susan R Columbus OH 43215 316402408 501 (C)(3) 20000 PROVIDE ARTS PROGRAM El Paso Symphony Tocando 1 Civic Center Plaza El Paso TX 79901 746000772 501 (C)(3) 40000 PROVIDE ARTS PROGRAM Green Earth Poets Cafe 521 St Marks Avenue 7C Brooklyn NY 11238 464951821 501 (C)(3) 15000 PROVIDE ARTS PROGRAM Louisiana Philharmonic Orchestra 1010 Common Street Suite 2120 New Orleans LA 70112 721189023 501 (C)(3) 40000 PROVIDE ARTS PROGRAM Renaissance Youth Center 3485 Third Avenue Bronx NY 10456 134122438 501 (C)(3) 5870 PROVIDE ARTS PROGRAM The Chris S Owens Foundation 350 Tompkins Ave Suite 1 Brooklyn NY 11216 271794499 501 (C)(3) 29838 PROVIDE ARTS PROGRAM The Animation Project Inc 11 Park Place Suite 1512 New York NY 10007 262318845 501 (C)(3) 15000 PROVIDE ARTS PROGRAM NYC Salt 214 West 29th Street Suite 1401 New York NY 10001 262502577 501 (C)(3) 7000 PROVIDE ARTS PROGRAM 10 Grant Funding 6 45840 Monitoring the Use of Grant Funds Arts Program Providers and individual recipients are required to submit monthlY written reports detailing programmatic activity and grant spending in connection with the project. X true true X X X X false true false false false false false false false CLIVE GILLINSON EXECUTIVE & ARTISTIC DIRECTOR 1027608 0 0 0 351668 0 58733 0 17031 0 1455040 0 0 PATRICIA LONG CFO 234584 0 0 0 4470 0 0 0 2709 0 241763 0 0 SUSAN J BRADY DEVELOPMENT DIRECTOR 258397 0 0 0 79564 0 140542 0 14141 0 492644 0 75000 ANNA WEBER GEN MGR ARTISTIC & OPERATION 291706 0 0 0 103926 0 144019 0 33228 0 572879 0 101666 AARON LEVINE CIO 264099 0 0 0 83322 0 139180 0 31299 0 517900 0 80166 RICHARD MALENKA ADMINISTRATION DIRECTOR 295257 0 0 0 82932 0 134144 0 10994 0 523327 0 80166 KENNETH BELTRONE STAGEHAND 336888 0 0 0 0 0 69062 0 48849 0 454799 0 0 JAMES CSOLLANY STAGEHAND 302005 0 0 0 0 0 61911 0 43791 0 407707 0 0 JOHN GOODSON STAGEHAND 295784 0 0 0 0 0 60636 0 42889 0 399309 0 0 KENNETH CLARK STAGEHAND 358311 0 0 0 0 0 73454 0 51955 0 483720 0 0 DENNIS O'CONNELL STAGEHAND 448450 0 0 0 0 0 91932 0 65025 0 605407 0 0 SCHEDULE J, PART I, LINE 1A HOUSING WAS PROVIDED FOR THE EXECUTIVE AND ARTISTIC DIRECTOR OF CARNEGIE HALL, AND WAS REPORTED AS TAXABLE COMPENSATION. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN Form Sch J Part I Line 4b The Carnegie Hall Corporation maintains two supplemental nonqualified plans, a SERP and a Key Employee Incentive and Retention Compensation Plan. The SERP covered Clive D. Gillinson. The Key Employee Incentive and Retention Compensation Plan covered Susan J. Brady, Anna Weber, Aaron Levine, and Richard Malenka. In accordance with the Form 990 instructions, the Carnegie Hall Corporation is reporting the plan participants, amounts substantially vested and included as taxable income and amounts deferred, not substantially vested, and not included in participant's taxable income. PLAN PARTICIPANTS - CLIVE D. GILLINSON AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $129,000 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $0 ANNA WEBER AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $102,666 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $107,000 AARON LEVINE AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $81,000 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $82,668 RICHARD MALENKA AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $81,000 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $82,666 SUSAN J. BRADY AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $76,000 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $77,000 IU BIBLIOWICZ - SEE PART V SEE PART V 102063 ARCHITECTURAL SERVICES false SKADDEN ARPS AND MEAGHER FLOM - SEE PART V 216172 LEGAL SERVICES false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L, PART IV ORGANIZATIONS AFFILIATED WITH MEMBERS OF THE BOARD OF TRUSTEES OCCASIONALLY PROVIDE SERVICES TO THE CARNEGIE HALL CORPORATION. THE ARRANGEMENTS FOR THESE SERVICES ARE NEGOTIATED ON AN ARM'S LENGTH BASIS AND ARE REVIEWED BY INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP PROVIDED LEGAL SERVICES TO THE CORPORATION. KENNETH J. BIALKIN, WHO SERVED AS MEMBER, TRUSTEE AND SECRETARY OF THE CARNEGIE HALL CORPORATION, IS OF COUNSEL AT SKADDEN. IU + BIBLIOWICZ ARCHITECTS, LLP PROVIDED ARCHITECTURAL SERVICES TO THE CORPORATION. IU AND BIBLIOWICZ IS AN ENTITY THAT IS OVER 35% OWNED BY A FAMILY MEMBER OF SANFORD I. WEILL, MEMBER, PRESIDENT AND FORMER CHAIRMAN OF THE CARNEGIE HALL CORPORATION. Form 990 Part III Line 1 THE CARNEGIE HALL CORPORATION'S MISSION IS TO PRESENT EXTRAORDINARY MUSIC AND MUSICIANS ON THE THREE STAGES OF THIS LEGENDARY HALL, TO BRING THE TRANSFORMATIVE POWER OF MUSIC TO THE WIDEST POSSIBLE AUDIENCE, TO PROVIDE VISIONARY EDUCATION PROGRAMS, AND TO FOSTER THE FUTURE OF MUSIC THROUGH THE CULTIVATION OF NEW WORKS, ARTISTS, AND AUDIENCES. DUE TO THE FINANCIAL SUPPORT PROVIDED BY THE CARNEGIE HALL SOCIETY, A RELATED 501(C)(3) ORGANIZATION, THIS 990 RETURN SHOULD BE READ IN CONJUNCTION WITH THE 990 RETURN OF THE SOCIETY. RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 SANFORD I. WEILL AND THOMAS G. MAHERAS HAVE A BUSINESS RELATIONSHIP. SANFORD I. WEILL AND JOSHUA NASH HAVE A BUSINESS RELATIONSHIP. SANFORD I. WEILL AND S. DONALD SUSSMAN HAVE A BUSINESS RELATIONSHIP. MEMBERS FORM 990, PART VI, SECTION A, LINES 6 AND 7A THE ORGANIZATION WAS HISTORICALLY FORMED AS A MEMBERSHIP CORPORATION BY AN ACT OF THE NEW YORK STATE LEGISLATURE IN 1960. MEMBERS ELECT TRUSTEES AT THE ORGANIZATIONS ANNUAL MEETING, AND THE TRUSTEES MAY IN TURN ELECT OTHER TRUSTEES. ALL MEMBERS (CURRENTLY FIVE) ARE ALSO TRUSTEES. BOARD REVIEW OF FORM 990 FORM 990, PART VI, SECTION A, LINE 11B THE FORM 990 IS PREPARED BY CARNEGIE HALL CORPORATION'S EXTERNAL ACCOUNTING FIRM WITH THE ASSISTANCE OF THE CORPORATION'S STAFF. THE STAFF AND FINANCE DEPARTMENT CAREFULLY REVIEW THE DRAFT FORMS, WHICH ARE THEN PROVIDED TO THE AUDIT COMMITTEE. THE BOARD OF TRUSTEES HAS DELEGATED RESPONSIBILITY FOR REVIEWING THE FORM 990 TO ITS AUDIT COMMITTEE. THE AUDIT COMMITTEE PROVIDES THE FULL BOARD WITH ITS REVIEW COMMENTS. A COPY OF FORM 990 IS AVAILABLE TO THE FULL BOARD OF TRUSTEES BEFORE FILING. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICT OF INTEREST TRANSACTIONS AND RELATED PARTY TRANSACTIONS ARE REVIEWED BY AN INDEPENDENT GROUP OF TRUSTEES, MOST RECENTLY THE INDEPENDENT GOVERNANCE COMMITTEE, TO ENSURE THE TRANSACTIONS ARE IN THE ORGANIZATIONS BEST INTEREST AND IN COMPLIANCE WITH APPLICABLE LAW AND BEST PRACTICES, PURSUANT TO THE ORGANIZATIONS CONFLICT OF INTEREST POLICY. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINES 15A AND 15B COMPENSATION FOR THE EXECUTIVE DIRECTOR, OFFICERS AND KEY EMPLOYEES IS DETERMINED ANNUALLY BY THE CHAIRMAN OF THE BOARD AND TREASURER OF THE BOARD, WHO ARE FREE OF CONFLICTS OF INTEREST UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. COMPENSATION IS DETERMINED BASED UPON COMPARABILITY DATA, SUCH AS FORMS 990 AND OTHER SOURCES OF SALARY INFORMATION FOR FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED PERFORMING ARTS ORGANIZATIONS IN SIMILAR GEOGRAPHIC LOCATIONS. THE ORGANIZATION DOCUMENTS CONTEMPORANEOUSLY AND RETAINS RECORDS OF THE COMPENSATION DETERMINATION ANALYSIS AND DECISION. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19 Carnegie Hall makes its annual report which contains highlights of programs and financial information and its current year audited financial statements available on its website. The form 990 is available upon request and on websites such as guidestar.org. Carnegie Hall currently does not make its governing documents and conflict of interest publicly available. NET ASSETS RECONCILIATION NET PERIODIC GAIN FAS 158: (3,894,645) ------------------- (3,894,645) FORM 990, PART VI, SECTION A, LINE 1A PURSUANT TO ITS BY-LAWS, THE ORGANIZATIONS BOARD OF TRUSTEES DELEGATES AUTHORITY TO AN EXECUTIVE COMMITTEE, SUBJECT TO THE LIMITATIONS OF THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW. THE EXECUTIVE COMMITTEE REPORTS ITS ACTIONS TO THE BOARD. TAX EXEMPT BONDS FORM 990, PART VI, LINE 24A The Trust for Cultural Resources of the City of New York issued Series 2009 Revenue Bonds, the proceeds of which have been loaned to Carnegie Hall. The Carnegie Hall Society and Carnegie Hall Corporation are jointly and severally liable under this loan agreement. THE CARNEGIE HALL SOCIETY INC 881 SEVENTH AVENUE NEW YORK NY 10019 131923626 FUNDR. FOR CH NY 501(C)(3) 7 NA true false false true false false false false false false false false true true true false false false false THE CARNEGIE HALL SOCIETY c 42022156 FMV THE CARNEGIE HALL SOCIETY 881 SEVENTH AVENUE NEW YORK NY 10019 136136259 X 0 178765 178765 11452011 11630776 731539 182885 0 0 0 THE CARNEGIE HALL CORPORATIO 881 SEVENTH AVENUE NEW YORK NY 10019 131923626 X 0 0 0 94141926 94141926 1000000 250000 0 0 0