WANG THEATRE INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- WANG THEATRE INC (EIN 04-3317597)
- Tax period
- 2014-06-01 to 2015-05-31
- Filed
- 2016-04-05
- IRS object ID
- 201600969349300310
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-04-05T09:58:43-05:00 | ReturnTs |
| Tax Period End | 2015-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043077056 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOODY FAMIGLIETTI & ANDRONICO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 HIGHWOOD DRIVE | AddressLine1Txt |
| City | TEWKSBURY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01876 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043317597 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WANG THEATRE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WANG | BusinessNameControlTxt |
| Phone | 6174829393 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 TREMONT STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSIAH A SPAULDING JR | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 6174829393 | PhoneNum |
| Signature | 2016-03-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOYCE RIPIANZI CPA | PreparerPersonNm |
| PTIN | P00548581 | PTIN |
| Phone | 9785575300 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOSIAH A SPAULDING JR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 TREMONT STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $15,602,850 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CITICENTER.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE ARTS PROGRAMMING TO THE GENERAL PUBLIC AND PRESERVATION OF THE WANG THEATRE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 405 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,151,924 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $15,430,825 | CYProgramServiceRevenueAmt |
| PY Investment Income | $17 | PYInvestmentIncomeAmt |
| CY Investment Income | $19 | CYInvestmentIncomeAmt |
| PY Other Revenue | $496,796 | PYOtherRevenueAmt |
| CY Other Revenue | $172,006 | CYOtherRevenueAmt |
| PY Total Revenue | $13,648,737 | PYTotalRevenueAmt |
| CY Total Revenue | $15,602,850 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,734,255 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,690,762 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,925,146 | PYOtherExpensesAmt |
| CY Other Expenses | $13,741,787 | CYOtherExpensesAmt |
| PY Total Expenses | $15,659,401 | PYTotalExpensesAmt |
| CY Total Expenses | $17,432,549 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,010,664 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,829,699 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $12,058,806 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,361,081 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,440,862 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,879,781 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $6,617,944 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,481,300 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE ARTS PROGRAMMING TO THE GENERAL PUBLIC AND PRESERVATION OF THE WANG THEATRE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $16,457,807 | ExpenseAmt |
| Revenue | $15,602,831 | RevenueAmt |
| Desc | PRESENTATION OF MUSIC, BROADWAY, OPERA, DANCE, COMEDY AND OTHER PERFORMING ARTS TO THE GENERAL PUBLIC. | Desc |
| Total Program Service Expenses | $16,457,807 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 28 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 405 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN F PERKINS CFO | PersonNm |
| Phone | 6174829393 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 TREMONT STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| SCOTT SPERLING | ||||||
| CHAIRMAN/TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DAVID GOEL | ||||||
| VICE-CHAIR/TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JEFFERY MCCORMICK | ||||||
| VICE-CHAIR/TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ELLIOT SURKIN | ||||||
| CLERK/TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MICHAEL BELL | ||||||
| TREASURER/TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOSIAH A SPAULDING JR | ||||||
| PRESIDENT & CEO/TRUSTEE | 40.00 | Yes (X) | Yes (X) | $0 | $495,035 | $49,740 |
| JOHN F PERKINS | ||||||
| CFO | 40.00 | Yes (X) | $0 | $184,022 | $31,392 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $679,057 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $81,132 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CLEANCO MAINTENANCE CORP | |||||
| 318 BEAR HILL ROAD SUITE 8 | WALTHAM | MA | 02451 | FACILITY CLEANING | $364,364 |
| METRO EVENT SECURITY | |||||
| 25 VILLA DRIVE | FOXBORO | MA | 02035 | SECURITY SERVICES | $230,900 |
| CENTERPLATE | |||||
| 270 TREMONT STREET | BOSTON | MA | 02116 | CATERING SERVICES | $157,866 |
| ATLANTIC ELEVATOR | |||||
| 180 BODWELL STREET | AVON | MA | 02322 | ELEVATOR MAINTENANCE & REPAIR | $130,080 |
| 24 RESTORE NE LLC | |||||
| 10 CHURCH STREET | EASTON | MA | 02375 | CONSTRUCTION CONTRACTOR | $129,915 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| BOX OFFICE RECEIPTS | 711110 | $10,637,661 | $10,637,661 |
| THEATRE OPERATIONS | 711110 | $3,628,329 | $3,628,329 |
| THEATRE RENTAL/FUNCTIONS | 711110 | $397,719 | $397,719 |
| CONCESSION INCOME | 722210 | $395,150 | $395,150 |
| SURCHARGE INCOME | 900099 | $371,966 | $371,966 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,430,825 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19 | TotalRevenueColumnAmt |
| Exclusion | $19 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MANAGEMENT FEE INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $172,006 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $172,006 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $172,006 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,602,850 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,602,831 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $19 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $230,101 | TotalAmt |
| Program Services | $230,101 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,582,497 | TotalAmt |
| Program Services | $2,582,497 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $223,374 | TotalAmt |
| Program Services | $223,374 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $313,712 | TotalAmt |
| Program Services | $313,712 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,078 | TotalAmt |
| Program Services | $341,078 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,950 | TotalAmt |
| Management And General | $61,950 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,500 | TotalAmt |
| Management And General | $30,500 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,549 | TotalAmt |
| Program Services | $8,687 | ProgramServicesAmt |
| Management And General | $17,862 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,144,405 | TotalAmt |
| Program Services | $1,140,667 | ProgramServicesAmt |
| Management And General | $3,738 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,968 | TotalAmt |
| Program Services | $2,691 | ProgramServicesAmt |
| Management And General | $20,277 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,381 | TotalAmt |
| Program Services | $95,381 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,628 | TotalAmt |
| Program Services | $30,628 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,401 | TotalAmt |
| Management And General | $2,401 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,629 | TotalAmt |
| Program Services | $750 | ProgramServicesAmt |
| Management And General | $1,879 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $930,452 | TotalAmt |
| Program Services | $930,452 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $177,303 | TotalAmt |
| Program Services | $177,303 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| THIRD PARTY PRESENTERS | $6,105,776 | $6,105,776 | |
| THEATRE OPERATIONS | $1,793,323 | $1,793,323 | |
| ARTIST FEES | $1,681,290 | $1,681,290 | |
| MANAGEMENT FEE | $915,387 | $80,367 | $835,020 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $720,845 | TotalAmt |
| Program Services | $719,730 | ProgramServicesAmt |
| Management And General | $1,115 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,432,549 | TotalAmt |
| Program Services | $16,457,807 | ProgramServicesAmt |
| Management And General | $974,742 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $902,325 | BOYAmt |
| EOY | $2,294,290 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $235,133 | BOYAmt |
| EOY | $414,303 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $184,189 | BOYAmt |
| EOY | $236,057 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $30,286,777 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $19,870,346 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,737,159 | BOYAmt |
| EOY | $10,416,431 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,058,806 | BOYAmt |
| EOY | $13,361,081 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,352,752 | BOYAmt |
| EOY | $1,136,276 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $364,654 | BOYAmt |
| EOY | $1,936,653 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,723,456 | BOYAmt |
| EOY | $806,852 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,440,862 | BOYAmt |
| EOY | $3,879,781 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,617,944 | BOYAmt |
| EOY | $9,481,300 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,617,944 | BOYAmt |
| EOY | $9,481,300 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,058,806 | BOYAmt |
| EOY | $13,361,081 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,829,699 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $4,693,055 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE WANG CENTER FOR THE PERFORMING ARTS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510197209 | EIN |
| Organization Type | 7 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $915,387 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $915,387 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $28,334,680 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,873,525 | DepreciationAmt |
| Book Value | $9,461,155 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,314,053 | OtherCostOrOtherBasisAmt |
| Depreciation | $768,157 | DepreciationAmt |
| Book Value | $545,896 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $638,044 | OtherCostOrOtherBasisAmt |
| Depreciation | $228,664 | DepreciationAmt |
| Book Value | $409,380 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $10,416,431 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO RELATED PARTIES | Desc |
| Amt | $806,852 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $806,852 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $20,307,483 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $4,704,633 | OtherRevenueAmt |
| Revenue Not Reported | $4,704,633 | RevenueNotReportedAmt |
| Revenue Subtotal | $15,602,850 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $15,602,850 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $17,444,127 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $11,578 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $11,578 | ExpensesNotReportedAmt |
| Expenses Subtotal | $17,432,549 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $17,432,549 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE WANG CENTER FOR THE PERFORMING ARTS, D/B/A CITI PERFORMING ARTS CENTER("CENTER") AND ITS SUBSIDIARIES, ARE NOT-FOR-PROFIT ORGANIZATIONS AS DESCRIBED UNDER INTERNAL REVENUE CODE (THE "CODE") SECTION 501(C)(3) THAT ARE GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE CODE SECTION 501(A) AND ARE ALSO EXEMPT FROM PRIVATE FOUNDATION STATUS UNDER IRC SECTIONS 509(A)(1) AND 509(A)(3), RESPECTIVELY. THE CENTER HAS IMPLEMENTED THE GUIDANCE FOR INCOME TAXES IN ACCORDANCE WITH ASC TOPIC 740, AS IT RELATES TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE TREATMENT OF THE CENTER'S POSITION OF ACCOUNTING FOR INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS. THE GUIDANCE ALSO PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT STANDARD FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF AN INCOME TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN THE TAX RETURN. IN ADDITION, IT PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE CENTER HAS NO UNCERTAIN TAX POSITIONS AT MAY 31, 2015 AND 2014. WITH FEW EXCEPTIONS, THE CENTER IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S., FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2012. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN INCOME TAX EXPENSE. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FORGIVENESS OF RELATED PARTY DEBT - WANG CENTER FOR THE PERFORMING ARTS 6,432,039. FORGIVENESS OF RELATED PARTY DEBT - TREMONT THEATRE, INC. -480,660. FORGIVENESS OF RELATED PARTY DEBT - WANG CENTER PRODUCTIONS, INC. -1,246,746. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON DISPOSAL OF FIXED ASSETS 11,578. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOSIAH A SPAULDING JR | ||||||||||||||
| PRESIDENT & CEO/TRUSTEE | $0 | $425,550 | $0 | $25,000 | $0 | $44,485 | $0 | $9,842 | $0 | $39,898 | $0 | $544,775 | $0 | $0 |
| JOHN F PERKINS | ||||||||||||||
| CFO | $0 | $173,839 | $0 | $10,000 | $0 | $183 | $0 | $5,512 | $0 | $25,880 | $0 | $215,414 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE OFFICERS ARE COMPENSATED BY THE WANG CENTER FOR THE PERFORMING ARTS, INC. ("CENTER"), A CONTROLLING ORGANIZATION. THE COMPENSATION COMMITTEE WHICH CONSISTS OF THE OFFICERS OF THE BOARD PERIODICALLY ASSEMBLES AND EVALUATES COMPARABILITY DATA IN ORDER TO DETERMINE THE COMPETITIVENESS OF THE TOTAL COMPENSATION PAID TO THE OFFICERS. THE COMMITTEE MAINTAINS CONTEMPORANEOUS DOCUMENTATION OF ITS DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS FOR THE CEO AND OTHER OFFICERS OF THE CENTER. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE GOVERNANCE COMMITTEE CHAIR REVIEWS THE FORM 990 DISCLOSURES FOR ACCURACY AND FOR COMPLIANCE WITH IRS AND ORGANIZATIONAL POLICIES, PRIOR TO THE FORM 990 BEING FILED. IN ADDITION, THE FINANCE COMMITTEE REVIEWS THE FORM 990 PRIOR TO FILING. A FINAL COPY OF THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD BEFORE IT IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, OVERSEER OR PRINCIPAL OFFICER OF THE CENTER ANNUALLY SIGNS A STATEMENT REGARDING CONFLICTS OF INTEREST IN FORM SATISFACTORY TO THE BOARD. SUCH STATEMENTS WITHOUT LIMITATIONS: 1. AFFIRM THAT THE PERSON HAS RECEIVED A COPY OF THIS CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH IT; AND 2. DISCLOSURE TO THE BOARD: A. THE NAME OF EACH ENTITY, FOR-PROFIT AND NON-PROFIT, (OTHER THAN THE CENTER OR ANY CHARITABLE ORGANIZATIONS OWNED OR CONTROLLED, DIRECTLY OR INDIRECTLY, BY THE CENTER) WHICH THE PERSON SERVES AS AN OFFICER, DIRECTOR, TRUSTEE, MANAGER, GENERAL PARTNER OR EMPLOYEE AND THE PERSONS POSITION AT EACH SUCH ENTITY; B. WHETHER THE PERSON (OR ANY FAMILY MEMBER, OTHER INDIVIDUALS OR ENTITY DEEMED AN "INSIDER" BY VIRTUE OF A RELATIONSHIP WITH THE PERSON) HAS, AT SUCH TIME, A CONFLICT OF INTEREST; AND C. ALL MATERIAL FACTS RELATING TO ANY SUCH CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE OFFICERS OF THE BOARD SERVE AS THE MEMBERS OF THE COMPENSATION COMMITTEE. THE COMMITTEE IS RESPONSIBLE FOR DEVELOPING AN OVERALL PHILOSOPHY FOR THE ORGANIZATION'S COMPENSATION PROGRAMS APPLICABLE TO OFFICERS AND EMPLOYEES. THE COMMITTEE MAY SEEK ADVISEMENT AND COUNSEL FROM PROFESSIONALS WITH EXPERTISE IN COMPENSATION ARRANGEMENTS FOR U.S. BASED NON-PROFIT TAX EXEMPT CORPORATIONS. ACTING AS MEMBER OF THE COMPENSATION COMMITTEE, THE OFFICERS ARE REQUIRED TO PARTICIPATE AS FOLLOWS: *TO ANNUALLY REVIEW WITH THE BOARD AND CEO THE POSITION DESCRIPTION FOR THE CEO AND RECOMMEND ANY CHANGES TO THE BOARD FOR CONSIDERATION. *TO RECOMMEND APPROPRIATE ELEMENTS OF COMPENSATION OF THE CEO. *TO ESTABLISH THE GOALS AND OBJECTIVES OF THE CEO, TO ANNUALLY REVIEW THE PERFORMANCE OF THE CEO RELATIVE TO THE INSTITUTION'S GOALS AND OBJECTIVES FOR THE PURPOSE OF DETERMINING THE COMPENSATION OF THE CEO, AND TO EVALUATE THE CEO'S PERFORMANCE IN LIGHT OF THOSE STRATEGIC GOALS AND OBJECTIVES. *TO MAKE RECOMMENDATIONS TO THE BOARD BASED ON THIS EVALUATION. *TO ANNUALLY REVIEW THE RECOMMENDATIONS OF THE CEO CONCERNING OVERALL COMPENSATION AND OTHER CONDITIONS OF EMPLOYMENT OF THE CENTER'S SENIOR OFFICERS AND SATISFY ITSELF THAT THE OVERALL COMPENSATION IS IN ACCORDANCE WITH THE BUSINESS PLAN OF THE INSTITUTION AND WITH GENERALLY ACCEPTED COMPENSATION LEVELS FOR COMPARABLE BUSINESSES. *TO CONDUCT PERIODIC REVIEWS OF THE INCENTIVE PLANS OF THE CENTER WHICH MAY BE IN PLACE FROM TIME TO TIME, AND SUBMIT RECOMMENDATIONS WITH RESPECT TO ANY AMENDMENTS TO, OR ANY PROPOSED AWARDS UNDER, SUCH PLANS TO THE BOARD ON ALL OTHER INCENTIVE COMPENSATION PLANS. *TO ASSIST THE BOARD IN CONNECTION WITH ISSUES RELATING TO SUCCESSION PLANNING, INCLUDING APPOINTING, TRAINING AND MONITORING THE DEVELOPMENT AND PERFORMANCE OF THE SENIOR OFFICERS OF THE CENTER. *THE COMMITTEE WILL OVERSEE REGULATORY COMPLIANCE AND INCLUDE AN ANNUAL REVIEW OF ALL ELEMENTS OF OFFICER COMPENSATION AND RECOMMEND DOCUMENTATION AND APPROVAL BY THE FULL BOARD IN A MANNER THAT IS DESIGNED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER LAWS AND REGULATIONS APPLICABLE TO NON-PROFIT ORGANIZATIONS. *TO ASSEMBLE AND EVALUATE COMPARATIVE DATA BY OBTAINING, REVIEWING AND ASSIMILATING COMPARABLE COMPENSATION DATA WITH RESPECT TO CEO AND OFFICER LEVEL COMPENSATION POLICES FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS FOR ORGANIZATIONS OF COMPARABLE SIZE, GEOGRAPHIC LOCATION, COMMUNITY PRESENCE, INDUSTRY AND OTHER RELEVANT FACTORS. SUCH COMPARATIVE DATA SHALL BE SHARED WITH AND DISCUSSED BY THE FULL BOARD. *TO REVIEW AND ADVISE THE FULL BOARD ON ANY PROPOSED EMPLOYMENT AGREEMENT WITH, AND ANY PROPOSED SEVERANCE OR RETENTION PLANS OR AGREEMENTS APPLICABLE TO, ANY OFFICER OF THE INSTITUTION. IN ADDITION, THE COMMITTEE SHALL REVIEW AND ADVISE WITH RESPECT TO ANY SEVERANCE OR OTHER TERMINATION PAYMENTS PROPOSED TO BE MADE TO ANY SENIOR LEVEL OFFICER OF THE ORGANIZATION. *THE COMMITTEE WILL REPORT ITS ACTIVITIES TO THE BOARD IN SUCH MANNER AND SUCH TIMES AS THE COMMITTEE OR THE BOARD DEEM APPROPRIATE. *THE COMMITTEE WILL MAINTAIN CONTEMPORANEOUS DOCUMENTATION OF ITS DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS FOR THE CEO AND OTHER SENIOR OFFICERS OF THE CENTER. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | LOSS ON DISPOSAL OF FIXED ASSETS -11,578. FORGIVENESS OF RELATED PARTY DEBT - WANG CENTER FOR THE PERFORMING ARTS 6,432,039. FORGIVENESS OF RELATED PARTY DEBT - TREMONT THEATRE, INC. -480,660. FORGIVENESS OF RELATED PARTY DEBT - WANG CENTER PRODUCTIONS, INC. -1,246,746. |
| FORM 990; PART XII; LINE 2C: COMMITTEE | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| THE WANG CENTER FOR THE PERFORMING ARTS INC | |||||||||||
| 270 TREMONT STREET | BOSTON | MA | 02116 | 510197209 | ARTS AND EDUCATION PROGRAMMING | MA | 501(C)3 | LINE 7 | N/A | 0 | |
| TREMONT THEATRE INC | |||||||||||
| 270 TREMONT STREET | BOSTON | MA | 02116 | 043317590 | ARTS PROGRAMMING | MA | 501(C)3 | LINE 11A, I | 0 | THE WANG CENTER FOR THE PERFORMING ARTS INC | |
| WANG CENTER PRODUCTIONS INC | |||||||||||
| 270 TREMONT STREET | BOSTON | MA | 02116 | 043317595 | ARTS PROGRAMMING | MA | 501(C)3 | LINE 11A, I | 0 | THE WANG CENTER FOR THE PERFORMING ARTS INC | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| TREMONT THEATRE INC | ||
| L | $73,717 | FAIR MARKET VALUE |
| THE WANG CENTER FOR THE PERFORMING ARTS INC | ||
| L | $24,572 | FAIR MARKET VALUE |
| THE WANG CENTER FOR THE PERFORMING ARTS INC | ||
| M | $915,387 | FAIR MARKET VALUE |
| THE WANG CENTER FOR THE PERFORMING ARTS INC | ||
| S | $6,432,039 | FAIR MARKET VALUE |
| TREMONT THEATRE INC | ||
| R | $480,660 | FAIR MARKET VALUE |
| WANG CENTER PRODUCTIONS INC | ||
| R | $1,246,746 | FAIR MARKET VALUE |
Comments