2016-04-05T09:58:43-05:00 2015-05-31 043077056 MOODY FAMIGLIETTI & ANDRONICO LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2014-06-01 043317597 WANG THEATRE INC WANG 6174829393 270 TREMONT STREET BOSTON MA 02116 JOSIAH A SPAULDING JR PRESIDENT & CEO 6174829393 2016-03-29 1 JOYCE RIPIANZI CPA P00548581 9785575300 2014 2016-08-17 19:52:53Z JOSIAH A SPAULDING JR 270 TREMONT STREET BOSTON MA 02116 15602850 0 X WWW.CITICENTER.ORG X 1996 MA TO PROVIDE ARTS PROGRAMMING TO THE GENERAL PUBLIC AND PRESERVATION OF THE WANG THEATRE. 6 5 405 0 0 0 0 0 13151924 15430825 17 19 496796 172006 13648737 15602850 0 0 0 0 3734255 3690762 0 0 0 11925146 13741787 15659401 17432549 -2010664 -1829699 12058806 13361081 5440862 3879781 6617944 9481300 TO PROVIDE ARTS PROGRAMMING TO THE GENERAL PUBLIC AND PRESERVATION OF THE WANG THEATRE. 0 0 16457807 15602831 PRESENTATION OF MUSIC, BROADWAY, OPERA, DANCE, COMEDY AND OTHER PERFORMING ARTS TO THE GENERAL PUBLIC. 16457807 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 28 0 1 405 1 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X JOHN F PERKINS CFO 6174829393 270 TREMONT STREET BOSTON MA 02116 SCOTT SPERLING CHAIRMAN/TRUSTEE 1.00 X X 0 0 0 DAVID GOEL VICE-CHAIR/TRUSTEE 1.00 X X 0 0 0 JEFFERY MCCORMICK VICE-CHAIR/TRUSTEE 1.00 X X 0 0 0 ELLIOT SURKIN CLERK/TRUSTEE 1.00 X X 0 0 0 MICHAEL BELL TREASURER/TRUSTEE 1.00 X X 0 0 0 JOSIAH A SPAULDING JR PRESIDENT & CEO/TRUSTEE 40.00 X X 0 495035 49740 JOHN F PERKINS CFO 40.00 X 0 184022 31392 0 679057 81132 0 0 1 0 CLEANCO MAINTENANCE CORP 318 BEAR HILL ROAD SUITE 8 WALTHAM MA 02451 FACILITY CLEANING 364364 METRO EVENT SECURITY 25 VILLA DRIVE FOXBORO MA 02035 SECURITY SERVICES 230900 CENTERPLATE 270 TREMONT STREET BOSTON MA 02116 CATERING SERVICES 157866 ATLANTIC ELEVATOR 180 BODWELL STREET AVON MA 02322 ELEVATOR MAINTENANCE & REPAIR 130080 24 RESTORE NE LLC 10 CHURCH STREET EASTON MA 02375 CONSTRUCTION CONTRACTOR 129915 6 BOX OFFICE RECEIPTS 711110 10637661 10637661 THEATRE OPERATIONS 711110 3628329 3628329 THEATRE RENTAL/FUNCTIONS 711110 397719 397719 CONCESSION INCOME 722210 395150 395150 SURCHARGE INCOME 900099 371966 371966 15430825 19 19 MANAGEMENT FEE INCOME 900099 172006 172006 172006 15602850 15602831 0 19 230101 230101 2582497 2582497 223374 223374 313712 313712 341078 341078 61950 61950 30500 30500 26549 8687 17862 1144405 1140667 3738 22968 2691 20277 95381 95381 30628 30628 2401 2401 2629 750 1879 930452 930452 177303 177303 THIRD PARTY PRESENTERS 6105776 6105776 THEATRE OPERATIONS 1793323 1793323 ARTIST FEES 1681290 1681290 MANAGEMENT FEE 915387 80367 835020 720845 719730 1115 17432549 16457807 974742 0 902325 2294290 235133 414303 184189 236057 30286777 19870346 10737159 10416431 12058806 13361081 1352752 1136276 364654 1936653 3723456 806852 5440862 3879781 X 6617944 9481300 6617944 9481300 12058806 13361081 X -1829699 4693055 X X 0 1 X 1 0 X X 1 THE WANG CENTER FOR THE PERFORMING ARTS INC 510197209 7 1 915387 0 1 915387 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 28334680 18873525 9461155 1314053 768157 545896 638044 228664 409380 10416431 DUE TO RELATED PARTIES 806852 806852 X 20307483 4704633 4704633 15602850 0 15602850 17444127 11578 11578 17432549 0 17432549 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. X X X X X 0 0 0 0 0 0 0 0 0 JOSIAH A SPAULDING JR PRESIDENT & CEO/TRUSTEE 0 425550 0 25000 0 44485 0 9842 0 39898 0 544775 0 0 JOHN F PERKINS CFO 0 173839 0 10000 0 183 0 5512 0 25880 0 215414 0 0 PART I, LINE 3 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. 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. 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 THE WANG CENTER FOR THE PERFORMING ARTS INC 0 WANG CENTER PRODUCTIONS INC 270 TREMONT STREET BOSTON MA 02116 043317595 ARTS PROGRAMMING MA 501(C)3 LINE 11A, I THE WANG CENTER FOR THE PERFORMING ARTS INC 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 TREMONT THEATRE INC L 73717 FAIR MARKET VALUE THE WANG CENTER FOR THE PERFORMING ARTS INC L 24572 FAIR MARKET VALUE THE WANG CENTER FOR THE PERFORMING ARTS INC M 915387 FAIR MARKET VALUE THE WANG CENTER FOR THE PERFORMING ARTS INC S 6432039 FAIR MARKET VALUE TREMONT THEATRE INC R 480660 FAIR MARKET VALUE WANG CENTER PRODUCTIONS INC R 1246746 FAIR MARKET VALUE