2016-12-20T09:52:07-06:00 2016-06-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2015-07-01 237272205 TENNESSEE PERFORMING ARTS FOUNDATION TENN 6157824000 505 DEADERICK STREET NASHVILLE TN 37243 MICHAEL D SHMERLING BOARD CHAIRMAN 6157824000 2016-12-20 1 FRANCES E LEAHY P00713593 6152427351 2016-12-13 2015 2017-02-10 21:41:12Z MICHAEL D SHMERLING 505 DEADERICK STREET NASHVILLE TN 37243 6956123 0 X N/A X 1973 TN THIS ORGANIZATION IS ENGAGED IN FUNDRAISING IN ORDER TO MAINTAIN A FUND WHICH PROVIDES INCOME TO HELP DEFRAY OPERATING COSTS OF THE TENNESSEE PERFORMING ARTS CENTER. 8 8 0 0 0 0 0 0 0 0 643026 497291 1110 105 644136 497396 808595 831033 0 0 0 0 0 0 0 89089 87737 897684 918770 -253548 -421374 16836893 16316610 12427 12243 16824466 16304367 THIS ORGANIZATION IS ENGAGED IN FUNDRAISING IN ORDER TO MAINTAIN A FUND WHICH PROVIDES INCOME TO HELP DEFRAY OPERATING COSTS OF THE TENNESSEE PERFORMING ARTS CENTER. 0 0 831033 831033 105 PAYMENTS MADE TO THE TENNESSEE PERFORMING ARTS CENTER IN ORDER TO HELP DEFRAY OPERATING EXPENSES IN BRINGING THE PERFORMING ARTS TO TENNESSEE. 831033 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 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 1 CJ 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 X X JULIE GILLEN 6157824000 505 DEADERICK STREET 3RD FLOOR NASHVILLE TN 37243 X MICHAEL D SHMERLING CHAIRMAN & PRESIDENT 0.30 X X 0 0 0 WILLIAM M WILSON BOARD MEMBER 0.30 X 0 0 0 RONALD L CORBIN SECRETARY 0.30 X X 0 0 0 JENIFER DELOACH TREASURER 0.30 X X 0 0 0 ANNE DAVIS BOARD MEMBER 0.30 X 0 0 0 JIM SCHMITZ BOARD MEMBER 0.30 X 0 0 0 LISA QUIGLEY BOARD MEMBER 0.30 X 0 0 0 JOHN WENGRAF BOARD MEMBER 0.30 X 0 0 0 KATHLEEN W O'BRIEN TOP MANAGEMENT OFFICIAL 0.50 40.00 X 0 271103 52951 JULIE GILLEN TOP FINANCIAL OFFICIAL 1.00 40.00 X 0 130469 5230 0 401572 58181 0 0 1 0 0 520768 520768 6435250 6458727 -23477 -23477 -23477 OTHER REVENUE 999999 105 105 105 497396 105 0 497291 831033 831033 11000 11000 76524 76524 213 213 918770 831033 87737 0 9798 16355 14770162 15820261 2020504 440265 36429 39729 16836893 16316610 12427 12243 12427 12243 X 16824466 16304367 16824466 16304367 16836893 16316610 -421374 -98725 0 X X 0 1 X 0 0 X X 1 TENNESSEE PERFORMING ARTS CENTER 581320590 9 1 831033 0 1 831033 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X 1 1 SCHEDULE A, PAGE 5, SECTION E, LINE 2A TENNESSEE PERFORMING ARTS FOUNDATION'S PURPOSE IS TO INVEST SO THEY CAN CONTRIBUTE MORE FUNDS TO TENNESSEE PERFORMING ARTS CENTER (TPAC) IN THE FUTURE TO FURTHER TPAC'S MISSION. 16824466 105 398566 831033 87737 16304367 17502203 1110 218837 808595 89089 16824466 16424887 1705 1939383 771470 92302 17502203 15678088 2940 1611138 783851 83428 16424887 16603122 1358 -188121 626931 111340 15678088 1.00000 0 0 0 X 322147 -98725 -76524 -175249 497396 0 497396 842246 0 842246 76524 76524 918770 PART V, LINE 4: THE ENDOWMENT FUND IS TO SUPPORT THE OPERATIONS OF TPAC. PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISION INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -76,524. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 76,524. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS: HEDGE FUNDS & PRIVATE EQUITY FUND 440265 0 0 0 0 0 0 440265 0 440265 1 0 0 1 1 0 1 TENNESSEE PERFORMING ARTS CENTER 505 DEADERICK ST NASHVILLE TN 37243 581320590 501(C)(3) 831033 TO HELP DEFRAY THE OPERATING COSTS OF THE TENNESSEE PERFORMING ARTS CENTER. PART I, LINE 2: THE CFO FOR THE TENNESSEE PERFORMING ARTS CENTER, JULIE GILLEN, WHO IS ALSO ON THE TENNESSEE PERFORMING ARTS FOUNDATION'S BOARD AS A STAFF LIAISON (EMPLOYEE OF TPAC) IS RESPONSIBLE FOR REQUESTING THE DISTRIBUTION FROM WOODMONT INVESTMENT COUNSEL/CHARLES SCHWAB UPON APPROVAL BY THE TENNESSEE PERFORMING ARTS FOUNDATION'S CHAIRMAN OF THE BOARD. THE DISTRIBUTION IS WIRED DIRECTLY FROM CHARLES SCHWAB INTO THE OPERATING ACCOUNT FOR THE TENNESSEE PERFORMING ARTS CENTER. 0 1 0 0 0 0 0 0 0 KATHLEEN W O'BRIEN TOP MANAGEMENT OFFICIAL 0 237029 0 33750 0 324 0 45000 0 7951 0 324054 0 0 PART I, LINE 3 COMPENSATION FOR THE CEO IS ESTABLISHED AND PAID BY THE RELATED ORGANIZATION. TPAC USES FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND THE SALARY IS APPROVED BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4B TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION (A RELATED ENTITY) ENTERED INTO AN EMPLOYMENT AGREEMENT WITH KATHLEEN W. O'BRIEN, CEO, TO PROVIDE A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN THAT INCLUDES DEFERRED COMPENSATION DESCRIBED IN CODE SECTIONS 457(B) AND 457(F). THIS NON-QUALIFIED PLAN IS COMMONLY KNOWN AS A RABBI TRUST. FORM 990, PART VI, SECTION B, LINE 11 UPON COMPLETION OF THE FORM 990 BY THE TAX DEPARTMENT OF THE EXTERNAL AUDITORS FOR TPAF, IT WILL BE REVIEWED BY EITHER THE CFO OR DESIGNATED FINANCE DEPARTMENT STAFF MEMBER AND TPAF'S CHAIRMAN OF THE BOARD. APPROPRIATE CHANGES MAY BE MADE AT ANY POINT IN THE REVIEW PROCESS PRIOR TO FILING FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TENNESSEE PERFORMING ARTS FOUNDATION HAS A CONFLICT OF INTEREST POLICY FOR ITS BOARD MEMBERS (IT DOES NOT HAVE ANY EMPLOYEES). EACH FISCAL YEAR, ALL BOARD MEMBERS ARE ASKED TO SIGN THE CONFLICT OF INTEREST POLICY WHICH ARE KEPT ON FILE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES AND NONE OF THE OFFICERS OR BOARD MEMBERS RECEIVE COMPENSATION FROM TENNESSEE PERFORMING ARTS FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 TENNESSEE PERFORMING ARTS FOUNDATION DOES NOT ACTIVELY MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, POLICIES OR FINANCIAL STATEMENTS. HOWEVER, ALL OF THESE ARE AVAILABLE UPON REQUEST AND ON GUIDESTAR. FORM 990, PART VII: THE TPAC FOUNDATION DOES NOT COMPENSATE ITS BOARD OF DIRECTORS AND THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS, THE COMPENSATION FOR THE INDIVIDUALS LISTED ARE COMPENSATION AMOUNTS THAT HAVE BEEN PAID FROM THE TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION. THESE INDIVIDUALS ARE TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION EMPLOYEES THAT SERVE AS A LIAISON BETWEEN THE TWO ORGANIZATIONS AND THEY CARRY OUT THE INSTRUCTIONS OF THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART XI, LINE 2C: THE ORGANIZATION'S PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. TENNESSEE PERFORMING ARTS CENTER (TPAC) 505 DEADERICK STREET NASHVILLE TN 37243 581320590 TO PROVIDE QUALITY ARTS, ENTERTAINMENT AND EDUCATION TO THE RESIDENTS OF TN. TN 501(C)(3) 509(A)(2) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TENNESSEE PERFORMING ARTS CENTER B 831033 CASH SCHEDULE R, PART V: THE CONTRIBUTION AMOUNT TO THE TENNESSEE PERFORMING ARTS CENTER CONSISTS OF FOUR QUARTERLY PAYMENTS.