2016-11-14T11:51:49-06:00 2015-12-31 330810710 Swenson Advisors LLP 25220 Hancock Ave Suite 240 Murrieta CA 92562 990 2015-01-01 900126641 NTC Foundation NTCF 6192261490 2825 Dewey Rd No 207 San Diego CA 92106 Chris Kiefer CFO 6192261490 2016-11-10 1 Donald Watson P00708143 9514454700 2016-11-10 2015 2017-02-10 21:41:12Z Chris Kiefer 2825 Dewey Rd No 207 San Diego CA 92106 8961342 0 X www.ntcpromenade.org X 2000 CA To acquire, renovate and preserve the land and the facilities of the naval training center "NTC" located in the city of San Diego, California, specifically restricted to the portion of the NTC referred to as the "Civic Arts & Cultural Center; and to operate the "Civic Arts & Cultural Center." 14 14 23 5 0 0 1791904 1603537 0 0 306203 126807 169851 7227751 2267958 8958095 0 0 0 0 309222 340624 12000 7000 37388 511722 1712536 832944 2060160 1435014 6897935 33417392 40839941 15327311 16995663 18090081 23844278 X To acquire, renovate and preserve the land and the facilities of the naval training center "NTC" located in the city of San Diego, California, specifically restricted to the portion of the NTC referred to as the "civic Arts & Cultural Center; and to operate the "Civic Arts & Cultural Center." 0 0 24826 Rehabilitation of the NTC "Civic Arts & Cultural Center" 226 Leasing Activities related to the operation of the NTC "Civic Arts & Cultural Center" 186612 Other Programs related to the operation of the NTC "Civic Arts & Cultural Center" 227212 227212 438876 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 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 1 1 1 1 0 0 1 14 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X X Chris Kiefer 6192261440 2825 Dewey Rd Ste 207 San Diego CA 92106 Alan Ziter Executive Director 40.00 X X 146247 0 0 judy mcdonald director 1.00 X 0 0 0 radm fran holian usn ret Past Chairman 1.00 X X 0 0 0 roger brenes secretary 1.00 X X 0 0 0 kurt chilcott Treasurer 1.00 X X 0 0 0 richard opper Chairman 1.00 X 0 0 0 rich gustafson director 1.00 X 0 0 0 Ken Stipanov vice chair 1.00 X 0 0 0 lori fleet martin director 1.00 X 0 0 0 sandy perlatti Director 1.00 X 0 0 0 Chris Kiefer CFO 40.00 X X 85702 0 0 Victoria Hamilton Director 1.00 X 0 0 0 Kathy Krentler director 1.00 X 0 0 0 Ivar Leetma director 1.00 X 0 0 0 Victoria Reed director 1.00 X 0 0 0 Karen Ringel director 1.00 X 0 0 0 Lisa Johnson CEO 40.00 X X 69230 0 0 301179 0 0 1 0 0 0 0 456488 1147049 1603537 126807 126807 0 3247 -3247 -3247 income on investment t 900099 5192207 5192207 Developer fee 900099 1060510 1060510 Gross Rents 511120 712151 712151 266130 266130 7230998 8958095 7230998 0 123560 284932 190065 79862 15005 55692 37149 15610 2933 8347 -38 8385 74500 74500 7000 7000 2576 2576 71960 71696 106 158 54485 19180 34243 1062 9407 3580 120 5707 35404 28340 7064 776 776 568 568 200335 200335 4528 4528 2268 2268 expenses of NTCF Libert 1134511 1134511 Other Events 40541 39658 883 Expenses of NTCF Libert 12886 12886 59444 48470 6334 4640 2060160 438876 1583896 37388 1155920 1095614 25500 1171089 29848315 15650356 608 1934 26818290 6681529 44068 20136761 917828 917828 1425153 1866359 33417392 40839941 598661 2172632 4483759 3401548 10244891 11421483 15327311 16995663 X 16763910 21814454 1326171 2029824 18090081 23844278 33417392 40839941 X 6897935 -1143738 X X 0 1 X 1 0 X 612910 539139 358699 1791654 1603538 4905940 2824368 890667 1320512 5035547 3437278 1429806 358699 1791654 2924050 9941487 236373 212627 110750 1530000 1072500 3162250 0 236373 212627 110750 1530000 1072500 3162250 6779237 291133 340728 373592 393404 838958 2237815 291133 340728 373592 393404 838958 2237815 5721 10353 82900 5195087 5294061 3728411 1776255 742644 2267958 8958095 17473363 0.38800 0.54020 0.12810 0.17640 X Schedule A, Part III, Line 12 OTHER INCOME FROM REORGANIZING ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26236560 6558527 19678033 95192 91215 3977 486538 31787 454751 20136761 X 7012015 3247 3247 7008768 887866 1061461 1949327 8958095 2065707 5547 5547 2060160 0 2060160 Part X, Line 2: The Foundation uses a loss contingencies approach for evaluating uncertain tax positions and continually evaluates changes in tax law and new authoritative rulings. The Foundation did not have unrecognized tax benefits as of December 31, 2015 and 2014 and does not expect this to change significantly over the next 12 months. In connection with the adoption of the guidance pertaining to uncertain tax positions, the Foundation will recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of December 31, 2015 and 2014, the Foundation had not accrued interest or penalties related to uncertain tax positions. Part XI, Line 2d - Other Adjustments: Special Event Expenses 3,247. Part XI, Line 4b - Other Adjustments: CONTRIBUTIONS 1,033,000. Grants 28,461. Part XII, Line 2d - Other Adjustments: Special Event Expenses 3,247. Other adjustment due to Rounding 2,300. Form 990, Part VI, Section B, line 11 THE ORGANIZATION'S GOVERNING BODY REVIEWS AND COMPARES FORM 990 TO ITS IN-HOUSE PREPARED FINANCIAL STATEMENTS. Form 990, Part VI, Section B, line 12c Board members with conflicts of interest are recused from the discussions of the conflicting subject. Form 990, Part VI, Section B, line 15 The salaries of officers, directors, and key employees are determined by the board of directors and/or the CEO. Form 990, Part VI, Section C, line 19 NTC FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABE TO THE PUBLIC UPON REQUEST AND ON THE WEBSITE WWW.GUIDESTAR.COM. Form 990, Part VII Alan Ziter - 2825 Dewey Rd., Suite 207, SAN DIEGO, CA 92106. Form 990, Part XI, line 9: NTCF Liberty station 1 Equity -1,143,738. Form 990, Part XII, Line 2c The process for the committee's oversight of the audit of the Foundation's financial statements and selection of an independent accountant has not changed from the prior year. ELECTION UNDER IRC SECTION 168(H)(6)(F)(II) ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(h)(6)(F)(ii) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY THE LIMITED LIABILITY COMPANY LOCATED AT 2825 Dewey Rd., Suite 207, SAN DIEGO, CA 92106 HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(h)(6)(F)(ii) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF APPLYING THE RULES FOUND IN I.R.C. SECTION 168(h)(6). THIS ELECTION IS AVAILABLE TO BE MADE BY AN ENTITY THAT IS NOT TAX-EXEMPT, BUT WHICH IS CONTROLLED 50% OR MORE BY A TAX-EXEMPT ENTITY. NTC LIBERTY STATION II, LLC QUALIFIES TO MAKE SUCH ELECTION, AS IT IS OWNED 100% BY NTC FOUNDATION (A TAX-EXEMPT ENTITY). THE PURPOSE OF THIS ELECTION IS TO TREAT THE ENTITIES ALLOCABLE SHARE OF DEPRECIABLE PROPERTY OWNED BY NTC LIBERTY STATION II, LLC AS PROPERTY WHICH IS NOT TAX-EXEMPT-USE PROPERTY. Form 990, Part XI, Line 9 This number is to reflect the recording on activities of single member LLC entities that are owned by the organizaion. NTCF Liberty Station 1 2825 Dewey Road Ste 207 San Diego CA 92106 203805723 Rental CA 21319370 20627445 NTCF Liberty Station 35 2825 Dewey Road Ste 207 San Diego CA 92106 474654082 Rental CA 12886 20447 NTC LIBERTY 19 OWNER LP 2825 Dewey Rd Suite 207 sAN DIEGO CA 92106 264220497 leasing CA NTC LIBERTY 19 INC related 85404 3289808 0 0 0.90000 NTC LIBERTY 19 MASTER TENANT LP 2825 Dewey Rd Suite 207 sAN DIEGO CA 92106 264220544 rental CA NTC FOUNDATION related -138975 702726 0 0 1.00000 NTC Manager Inc 2825 Dewey Rd Suite 207 san diego CA 92106 203805802 real estate management CA NTC FOUNDATION C -3852962 1232167 1.00000 1 NTC LIBERTY STATION INC 2825 Dewey Rd Suite 207 san diego CA 92106 203805723 real estate rental CA NTC FOUNDATION C 5678947 1.00000 1 ntc liberty 19 inc 2825 Dewey Rd Suite 207 san diego CA 92106 264220299 REal estate management CA nTC FOUNDATION C 62087 708585 1.00000 1 NTC Liberty Station II LLC 2825 Dewey Rd Suite 207 San diego CA 92106 452765588 Real Estate Rental CA Ntc FoUNDATION C -380794 19389924 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NTC liberty 19 Owner LP D 2200000 financial statements NTC Manager Inc D 44537 financial statements NTC Liberty Station II D 11787245 financial statements NTC Liberty station D 1531554 financial statements Liberty 19 Inc D 6299 financial statements