2016-10-17T14:13:32-05:00 2015-12-31 946214841 Armanino LLP 50 W San Fernando St Ste 500 San Jose CA 95113 990 2015-01-01 680419182 Livermore Valley Performing Arts Center LIVE 9253736100 2400 First Street Livermore CA 94550 HENRY HUFF treasurer 9253736100 2016-10-05 1 Lawrence S Kuechler P00233621 4082006400 2016-10-05 2015 2017-02-10 21:41:12Z Jeanette King 2400 First Street Livermore CA 94550 3405002 0 X www.lvpac.org X 1998 CA TO ESTABLISH AND OPERATE A WORLD-CLASS PERFORMING ARTS CENTER IN THE TRI-VALLEY. 21 18 62 173 0 0 5986071 1301363 1489957 1673814 11424851 53890 6422127 89948 25323006 3119015 0 0 0 0 944879 1346518 70600 42996 327738 2751522 2462686 3767001 3852200 21556005 -733185 23608902 21754738 4420854 3299875 19188048 18454863 X THE MISSION OF Livermore Valley Performing Arts Center (LVPAC) IS TO OFFER A BROAD RANGE OF ARTS OPPORTUNITIES AND EXPERIENCES TO ENGAGE IN OUR DIVERSE COMMUNITY. 0 0 3077127 1615878 LVPAC operates the Bankhead Theater, which serves as home for many of the area's finest performing arts organizations. These include Del Valle Fine Arts, the Livermore Valley Opera, the Livermore-Amador Symphony, Valley Dance Theater, Tri-Valley Repertory Theater, Livermore School of Dance, Lamplighters Music Theater, Rae Dorough Speakers Series and the Pacific Chamber Symphony. LVPAC provides the Bankhead on a rental basis to both residents and visiting performance companies, and functions as a presenter in its own right, bringing to Livermore artists of national and international stature. Finally, LVPAC provides student matinee performances and artists' classroom workshops for school children across the Tri-Valley. During 2015, over 170 public events took place in the Bankhead Theater; 70,783 attendees enjoyed performances by such attractions as the Livermore Valley Opera, California Theatre Center, Tri-Valley Repertory Theatre, Livermore-Amador Symphony, Valley Dance Theater, The Capitol Steps, Russian Ballet, Paula Poundstone, Arlo Guthrie, Richard Marx, Big Bad Voodoo Daddy & the Stunt Dog Experience. LVPAC again hosted its annual Artwalk Festival, which brought visitors to downtown Livermore. A cornerstone of Livermore's downtown revitalization, the Livermore Valley Performing Arts Center and the Bankhead Theater, play a vibrant role in the cultural and economic life of the City of Livermore and the surrounding Tri-Valley region. 134669 70718 LVPAC operates the Bothwell Arts Center, a multi-purpose facility for the support of local visual and performing artists and organizations, under a lease agreement with the Livermore Area Recreation and Park District; and the Downtown Art Studios, a refurbished commercial building owned by the City of Livermore, which provides studio space for local visual artists. THE BOTHWELL ARTS CENTER SERVES AS AN ARTS INCUBATOR, OFFERING AFFORDABLE AND RENTABLE CLASSROOM, REHEARSAL, PERFORMANCE, EVENT AND STUDIO RENTAL SPACE FOR ARTIST, MUSICIANS, THEATRICAL, ACTING, CHORAL, AND OTHER INDIVIDUALS AND GROUPS WITH A CULTURAL ARTS FOCUS. The Downtown Arts Studios, a refurnished commercial building owned by the City of Livermore, provides studio space for local visual artists. 10,000 people participated in or attended these events. 3211796 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 20 0 62 1 0 0 0 0 0 1 1 0 0 0 0 X 21 18 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X Reanna BRADFORD 9253736100 2400 first Street Livermore CA 94550 Jeanette King CHAIRMAN 5.00 X X 0 0 0 JOAN K SEPPALA PRESIDENT 5.00 X X 0 0 0 deNISE WATKINS VICE PRESIDENT 5.00 X X 0 0 0 HENRY HUFF TREASURER 5.00 X X 0 0 0 Philip R Wente Chair To Jan 2015 Director 1.00 X 0 0 0 NANCY BANKHEAD DIRECTOR 1.00 X 0 0 0 STEVE KING dIRECTOR 1.00 X 0 0 0 JosePH MADDEN dIRECTOR 1.00 X 0 0 0 LaYNE MARCEAU dIRECTOR 1.00 X 0 0 0 DONNA WILCOX DIRECTOR 1.00 X 0 0 0 DALE KAYE DIRECTOR 1.00 X 0 0 0 AARON ORTIZ DIRECTOR 1.00 X 0 0 0 JEAN SHULER DIRECTOR 1.00 X 0 0 0 DAVE ACKERMAN DIRECTOR 1.00 X 0 0 0 JUDGE MARK EATON DIRECTOR 1.00 X 0 0 0 CHARLES HARTWIG DIRECTOR 1.00 X 0 0 0 BARRY RUSSELL DIRECTOR 1.00 X 0 0 0 Tim Sbranti From May 2015 dirECTOR 1.00 X 0 0 0 Leland Younker PHD From Jan 2015 Secretary 5.00 X X 0 0 0 Kellene Counsins From March 2015 dIRECTOR 1.00 X 0 0 0 William Dunlop From May 2015 dIRECTOR 1.00 X 0 0 0 Scott Kenison EXECUTIVE DIRECTOR 40.00 X 147710 0 0 Reanna Bradford Director of Finance 40.00 X 68924 0 0 Eduardo Estrada Director of production 40.00 X 101588 0 0 Christopher Carter Director of development 40.00 X 112104 0 0 430326 0 0 3 0 0 0 0 60033 59812 1181518 202408 1301363 THEATER REVENUE 711110 1603096 1603096 BOTHWELL STUDIO 711110 70718 70718 1673814 53890 53890 17799 0 17799 17799 17799 217735 60033 217735 0 1750 1100 650 650 125869 67152 58717 58717 Misc refunds 900099 12782 12782 12782 3119015 1686596 0 131056 216634 51699 142779 22156 838751 660341 12336 166074 194523 144626 22753 27144 96610 65180 14199 17231 7200 3600 2160 1440 17118 17118 44890 44890 42996 42996 45412 19261 16556 9595 142018 142018 262465 235905 8865 17695 73076 61934 5571 5571 121079 116237 2421 2421 23693 8916 6333 8444 65277 62666 1305 1306 811291 803179 4056 4056 16209 15561 324 324 ARTIST PAYMENTS 708634 708634 FACILITY & EQUIPMENT 112039 112039 RECRUITMENT 11000 11000 BAD DEBT EXPENSE 1285 1285 3852200 3211796 312666 327738 325099 361972 4939 1438631 1576291 1980 5372 28436 33155 24402341 6876270 18136827 17526071 3672990 2251877 23608902 21754738 653794 240900 308636 218050 1135366 917867 875000 475000 1448058 1448058 4420854 3299875 X 16948610 15973948 1499438 1740915 740000 740000 19188048 18454863 23608902 21754738 -733185 0 X 0 1 X 1 0 X 1949765 1177223 1811716 5986071 1301363 12226138 1949765 1177223 1811716 5986071 1301363 12226138 2406141 9819997 15901 17712 16363 29565 71689 151230 4741 11293 4904 6356976 12782 6390696 18768064 8188752 0.52320 0.50970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 740000 740000 22570795 6207202 16363593 21729 21075 654 151614 146536 5078 918203 501457 416746 17526071 STATE OF CALIFORNIA SETTLEMENT RECEIVABLE 2251877 2251877 PRESENT VALUE OF PURCHASE OPTION 1448058 1448058 X 3341918 155751 67152 222903 3119015 0 3119015 4075103 155751 67152 222903 3852200 0 3852200 Part X, Line 2: Accounting principles generally accepted in the United States of America provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Center in its federal and state exempt organization tax returns are morelikely-than-not to be sustained upon examination. LVPAC files information returns in the U.S. federal jurisdiction and state of California. LVPAC's federal returns for the tax years 2012 and beyond remain subject to possible examination by the Internal Revenue Service. LVPAC's California returns for the tax years 2011 and beyond remain subject to possible examination by the Franchise Tax Board. Part XI, Line 2d - Other Adjustments: Concessions expense 67,152. Part XII, Line 2d - Other Adjustments: Concessions expense 67,152. X X X X X X X 1 Laurie Earp 4200 Park Blvd 128 Oakland CA 94602 Event fundraiser 0 235882 18000 217882 Blackbaud 5858 Horton Street Suite 575 Emeryville CA 94608 Fundraising consultant 0 0 14217 0 235882 32217 217882 CA LOBSTER CLAMBAKE 235882 55015 180867 16542 52414 1500 119004 Bothwell Bash 19655 635 19020 214 5322 200 2640 6 22231 4383 17848 66 19833 277768 60033 217735 16756 57802 1700 141477 217735 0 Schedule G Part I line 2b The organization used blackbaud to find more donors to solicit. It is difficult to track the contribution related to Blackbaud's effort. Therefore column (iv) is left blank. DENISE WATKINS BOARD VICE PRESIDENT TO SUPPORT GENERAL OPERATIONS X 125000 115225 0 1 1 NANCY BANKHEADfallon enterprises BOARD MEMBER TO Fund a portion of contribution to the redemption of the bonds payable X 1000000 802642 0 1 1 917867 JOAN SEPPALA BOARD President 25575 "THE INDEPENDENT", A NEWSPAPER OWNED BY JOAN SEPPALA (PRESIDENT) PROVIDED $25,575 WORTH OF NEWSPAPER ADVERTISeMENTS for a fee. 0 X 2 21641 fmv X auction items 130 120433 FMV X Construction in process 2 57037 FMV X supplies 9 2340 cost X special event supplies 4 957 cost 0 0 1 0 Part I, Column (b): Number of contributions represents number of items contributed. Form 990, Part VI, Section A, line 4 THE ORGANIZATION RESTATED ITS BYLAWS TO: 1) UPDATE NUMBER OF DIRECTORS FROM "11 to 30" TO "12 to 24". 2) CHANGE THE ELECTION AND BEGINNING OF A DIRECTORS TERM ON THE BOARD FROM APRIL 1 TO FEB 1 AND REMOVE ALL TERM LIMITS. 3) ADD IN THE LANGUAGE THAT BOARD MEMBER SHALL MAKE AN ANNUAL "FINANCIAL CONTRIBUTION TO THE CORPORATION WHICH IS PERSONALLY SIGNIFICANT." 4) CREATE A COMPENSATION COMMITTEE TO REVIEW THE EXECUTIVE DIRECTOR & FINANCE DIRECTOR'S COMPENSATION. THE COMPENSATION COMMITTEE WILL "ALSO REVIEW POLICIES FOR STAFF COMPENSATION AND BENEFITS, INCLUDING BUT NOT LIMITED TO, HEALTH AND RETIREMENT PLANS, IF ANY." 5) Specify that Executive Director can not be an officer of the board. 6) Add in provision about Right to Indemnification and purchase and maintain insurance on behalf of any director, officer or agent of the corporation. 7) Add in provision about contracts and loan with directors and officers . 8) Add in provisions about the organization's annual report. 9) add in provisions about the organization's financial audit. Form 990, Part VI, Section B, line 11 FORM 990 IS PREPARED BY THE ORGANIZATION'S AUDIT FIRM AND STAFF, REVIEWED BY THE BOARD FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, line 12c EACH DIRECTOR AND OFFICER ANNUALLY SIGNS A STATEMENT THAT AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTAND THE POLICY AND WILL COMPLY WITH IT. THE ORGANIZATION'S EXECUTIVE DIRECTOR MONITORS THE ORGANIZATION'S ACTIVITIES AND TRANSACTIONS THAT COME BEFORE THE BOARD FOR ANY POTENTIAL CONFLICT OF INTEREST IN ORDER TO ENSURE COMPLIANCE WITH EXISTING POLICIES. Form 990, Part VI, Section B, line 15 THE PROCESS FOR DETERMINING COMPENSATION of THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIALS requires COMPARABILITY DATA AND OUTSIDE RESEARCH. THE COMPENSATION IS APPROVED BY THE BOARD. Form 990, Part VI, Section C, line 19 LVPAC MAKES ITS GOVERNMENT DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.