2016-05-10T18:10:25-05:00 2015-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2014-07-01 952217011 PERFORMING ARTS CENTER OF LOS ANGELES COUNTY PERF 2139727211 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 LISA WHITNEY SENIOR VP, FINANCE & CFO 2139727512 2016-05-02 1 LIOR TEMKIN P00748170 3104773924 2016-05-02 2014 2016-08-17 19:52:53Z LISA WHITNEY 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 57326330 0 X WWW.MUSICCENTER.ORG X 1961 CA SEE SCHEDULE OA LEADER AT THE CULTURAL HEART OF LOS ANGELES COUNTY, THE PERFORMING ARTS CENTER OF LOS ANGELES COUNTY BRINGS TO LIFE ONE OF THE WORLD'S PREMIER ARTS DESTINATIONS BY CREATING OPPORTUNITIES FOR ARTS PARTICIPATION, ENABLING COMPELLING PROGRAMMING AND PROVIDING FIRST CLASS FACILITIES AND SERVICES. 38 37 1276 867 29946 0 11014689 13287599 37129021 39465512 1509673 1420337 2076497 929035 51729880 55102483 885562 973917 0 0 26415238 26262306 35076 54123 3120464 24362846 27474198 51698722 54764544 31158 337939 91660015 91499083 41095214 42225815 50564801 49273268 X A LEADER AT THE CULTURAL HEART OF LOS ANGELES COUNTY, THE PERFORMING ARTS CENTER OF LOS ANGELES COUNTY BRINGS TO LIFE ONE OF THE WORLD'S PREMIER ARTS DESTINATIONS BY CREATING OPPORTUNITIES FOR ARTS PARTICIPATION, ENABLING COMPELLING PROGRAMMING AND PROVIDING FIRST CLASS FACILITIES AND SERVICES. 0 0 31951448 34040649 MUSIC CENTER AND PARK OPERATIONSTHE MUSIC CENTER (CENTER) CAMPUS IS COMPRISED OF FOUR VENUES: WALT DISNEY CONCERT HALL, DOROTHY CHANDLER PAVILION, AHMANSON THEATRE AND MARK TAPER FORUM AS WELL AS OUTDOOR THEATERS, PLAZAS AND GARDENS AND IS HOME TO FOUR INTERNATIONALLY ACCLAIMED RESIDENT COMPANIES: THE LOS ANGELES PHILHARMONIC, CENTER THEATRE GROUP, LOS ANGELES OPERA AND LOS ANGELES MASTER CHORALE. EVERY YEAR, ABOUT 1.1 MILLION PEOPLE VISIT THE CENTER. THE PERFORMING ARTS CENTER OF LOS ANGELES COUNTY (PAC) MANAGES THE CENTER ON BEHALF OF THE COUNTY OF LOS ANGELES, WHICH OWNS THE FACILITIES. PAC PROVIDES FACILITY OPERATIONS, STAGE OPERATIONS, AND THEATER OPERATIONS TO ITS RESIDENT COMPANIES AND IS RESPONSIBLE FOR IMPROVEMENTS TO AND MAINTENANCE OF THE FACILITIES.PAC ALSO MANAGES GRAND PARK (PARK) ON BEHALF OF THE COUNTY OF LOS ANGELES, WHICH OWNS THE PARK. THE PARK IS A 12-ACRE AREA EXTENDING FROM THE MUSIC CENTER CAMPUS TO LOS ANGELES CITY HALL AND INCLUDES MULTI-USE LAWNS, STAGES AND OPEN SPACES AVAILABLE FOR BOTH LEISURE AND CIVIC GATHERINGS. EVERY YEAR, ABOUT 2.5 MILLION PEOPLE PASS THROUGH THE PARK TO ENJOY ITS MANY AMENITIES. IN 2014-15, THE PARK'S THIRD YEAR OF OPERATION, PAC PRESENTED 180 FREE OF CHARGE PROGRAMMING EVENTS WHICH ATTRACTED MORE THAN 140,000 PARTICIPANTS. MANY OF THESE EVENTS WERE HELD IN CONJUNCTION WITH OVER 246 COMMUNITY PARTNERS. 14516702 973917 6489826 EDUCATION AND OUTREACHPAC PLAYS A VITAL LEADERSHIP ROLE IN RESTORING THE ARTS TO THE CORE CURRICULUM IN K-12 SCHOOLS IN LOS ANGELES COUNTY AND ITS EDUCATIONAL PROGRAMS ARE BUILT AROUND THE UNIQUE ROLE AND EXPERTISE OF THE PROFESSIONAL ARTIST IN THE CLASSROOM. MILLIONS OF STUDENTS HAVE PARTICIPATED IN MUSIC CENTER ARTS EDUCATION PROGRAMS SINCE THEIR INCEPTION IN 1979. IN 2014-15, OUR EDUCATIONAL PROGRAMS SERVED 232 SCHOOLS TOTALING OVER 93,000 STUDENTS, AND MORE THAN 7,100 TEACHERS. PAC PRODUCES A WIDE RANGE OF FREE ARTS PROGRAMMING FOR CHILDREN AND FAMILIES INCLUDING WORLD CITY, STUDENT MATINEES FOR GLORYA KAUFMAN PRESENTS DANCE AT THE MUSIC CENTER, THE BLUE RIBBON CHILDREN'S FESTIVAL AND THE VERY SPECIAL ARTS FESTIVAL. IN 2014-15, ESTIMATED ATTENDANCE FOR ALL PUBLIC PROGRAMS WAS ABOUT 28,000.THE MUSIC CENTER SPOTLIGHT AWARDS PROGRAM IS A NATIONALLY-ACCLAIMED RECOGNITION AND SCHOLARSHIP PROGRAM FOR SOUTHERN CALIFORNIA HIGH SCHOOL PERFORMING AND VISUAL ARTISTS. 3,600 HIGH SCHOOL STUDENTS PARTICIPATED IN SPOTLIGHT IN 2014-15 AND $ 137,040 IN SCHOLARSHIPS WERE AWARDED. GLORYA KAUFMAN PRESENTS DANCE AT THE MUSIC CENTER (KDMC) HAS BECOME ONE OF THE PREMIER PRESENTERS OF DANCE NATIONWIDE, CONSISTENTLY FEATURING THE WORLD'S MOST ILLUSTRIOUS BALLET AND CONTEMPORARY COMPANIES AS WELL AS COMMISSIONING NEW MASTERWORKS FOR THE 21ST CENTURY. THE PROGRAM PROVIDES LEARNING OPPORTUNITIES AT THE CENTER AND THROUGHOUT THE COUNTY FOR ADULTS AND CHILDREN AS WELL AS FREE AND LOW-COST TICKETS, OPEN REHEARSALS, PRE- AND POST-PERFORMANCE TALKS, SCHOOL LECTURES AND DEMONSTRATIONS, AND COMMUNITY CLASSES WITH VISITING ARTISTS. IN 2014-15, OVER 54,000 CHILDREN AND ADULTS ATTENDED KDMC PRESENTATIONS AND COMMUNITY PROGRAMS.ACTIVE ARTS AT THE MUSIC CENTER HAS BECOME A NATIONAL MODEL FOR CIVIC ENGAGEMENT VIA ARTS PARTICIPATION. RECREATIONAL ARTISTS OF ALL SKILL LEVELS PARTICIPATE THROUGH YEAR-ROUND, LOW-COST OR FREE EVENTS. CENTER AND PARK PUBLIC SPACES ARE ACTIVATED WITH CREATIVITY, SOCIAL INTERCHANGE AND CULTURAL DIVERSITY. IN 2014-15, ACTIVE ARTS SERVED OVER 18,000 PARTICIPANTS IN OVER 34 EVENTS, PROGRAMS, CLASSES AND WORKSHOPS. 1866371 1505254 CAPITAL IMPROVEMENTS AND LONG TERM SUPPORTUNDER THE TERMS OF A SUBLEASE AGREEMENT WITH THE COUNTY OF LOS ANGELES, PAC TRANSFERS TITLE OF LEASEHOLD AND OTHER CAPITAL IMPROVEMENTS UPON PURCHASE TO THE COUNTY OF LOS ANGELES. PAC EXPENSES THESE PURCHASES AS THEY ARE INCURRED. CAPITAL EXPENSE IN 2014-15 CONSISTED OF DEBT SERVICE RELATED TO THE MARK TAPER FORUM RENOVATION, AMORTIZATION OF CONTRACT ACQUISITION COSTS, AND CAPITAL IMPROVEMENTS ACROSS THE CENTER CAMPUS. 48334521 1 1 0 0 0 0 0 1 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 332 0 1 1276 1 1 1 0 0 0 0 1 1 0 0 0 0 X 38 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X X LISA WHITNEY 2139727512 135 NORTH GRAND AVENUE LOS ANGELES CA 900123013 ROBERT J ABERNETHY OFFICER - VICE CHAIR 1.00 X X 0 0 0 WILLIAM H AHAMNSON DIRECTOR 1.00 X 0 0 0 WALLIS ANNENBERG DIRECTOR 1.00 X 0 0 0 LOUISE HENRY BRYSON DIRECTOR 1.00 X 0 0 0 CRAIG A ELLIS DIRECTOR 1.00 X 0 0 0 DAVID GINDLER DIRECTOR 1.00 X 0 0 0 BRINDELL GOTTLIEB DIRECTOR 1.00 X 0 0 0 JOYCE HAMEETMAN DIRECTOR 1.00 X 0 0 0 NANCY P JACOBY DIRECTOR 1.00 X 0 0 0 RICHARD JONES DIRECTOR 1.00 X 0 0 0 CAROLBETH KORN DIRECTOR 1.00 X 0 0 0 NIGEL LYTHGOE DIRECTOR 1.00 X 0 0 0 PATRICK MCCABE DIRECTOR 1.00 X 0 0 0 BOWEN BUZZ MCCOY DIRECTOR 1.00 X 0 0 0 MATTIE MCFADDEN-LAWSON DIRECTOR 1.00 X 0 0 0 ELIZABETH MICHELSON DIRECTOR 1.00 X 0 0 0 DARRELL MILLER DIRECTOR 1.00 X 0 0 0 CINDY MISCIKOWSKI DIRECTOR 1.00 X 0 0 0 SHELBY NOTKIN OFFICER - TREASURER 1.00 X X 0 0 0 MICHAEL PAGANO OFFICER - VICE CHAIR 1.00 X X 0 0 0 DIANE PAUL DIRECTOR 1.00 X 0 0 0 KAREN KAY PLATT OFFICER - SECRETARY 1.00 X X 0 0 0 MAX RAMBERG DIRECTOR 1.00 X 0 0 0 JOSEPH RICE DIRECTOR 1.00 X 0 0 0 RICHARD K ROEDER DIRECTOR 1.00 X 0 0 0 CARLA SANDS DIRECTOR 1.00 X 0 0 0 JONI J SMITH DIRECTOR 1.00 X 0 0 0 CATHARINE SOROS DIRECTOR 1.00 X 0 0 0 LISA SPECHT OFFICER - CHAIR 1.00 X X 0 0 0 MARC I STERN DIRECTOR 1.00 X 0 0 0 DR CYNTHIA A TELLES DIRECTOR 1.00 X 0 0 0 CARY H THOMPSON DIRECTOR 1.00 X 0 0 0 WALTER F ULLOA DIRECTOR 1.00 X 0 0 0 CATALINA JOOS VERGARA DIRECTOR 1.00 X 0 0 0 TIMOTHY WAHL DIRECTOR 1.00 X 0 0 0 SUSAN WEGLEITNER DIRECTOR 1.00 X 0 0 0 ALYCE WILLIAMSON DIRECTOR 1.00 X 0 0 0 STEPHEN D ROUNTREE PRESIDENT (UNTIL 1/2/15) 35.00 X X 787275 0 93088 HOWARD SHERMAN STARTED 1315 INTERIM PRESIDENT, & EXEC. VP, COO 35.00 X 333133 0 54821 LISA WHITNEY SR. VP FINANCE, CFO 35.00 X 245266 0 35465 ELIZABETH KENNEDY VP ADVANCEMENT 35.00 X 262718 0 21174 MARK D SLAVKIN VP EDUCATION 35.00 X 174911 0 38737 GARY EARL HEAD OF ELECTRIC 47.00 X 177714 0 45433 JAMES DRAPER HEAD OF PROPERTY 45.00 X 175073 0 46977 TIM CONROY HEAD OF CARPENTRY 44.00 X 174872 0 43748 KEITH MCTAGUE DIRECTOR, BUILDING SERVICE 40.00 X 169820 0 32430 2500782 0 411873 40 0 1 0 SODEXO INC & AFFILIATES PO BOX 43283 LOS ANGELES CA 90088 HOUSEKEEPING 1832949 CORPORATE MAGIC 1925 CEDAR SPRINGS DALLAS TX 75201 EVENT COMPANY 1589759 THE PATINA GROUP 1150 SOUTH OLIVE STREET SUITE TG25 LOS ANGELES CA 90015 CATERING 1373836 SIDLEY AUSTIN LLP 555 WEST FIFTH STREET LOS ANGELES CA 90013 LAW FIRM 771459 CLASSIC PARTY RENTALS 2310 EAST IMPERIAL HIGHWAY EL SEGUNDO CA 90245 EVENT RENTAL 660090 57 2716975 99516 10471108 342775 13287599 REIMB. BY LA COUNTY 900099 22191569 22191569 REIMB. BY SUBLICENSEES 900099 6455278 6455278 EDUCATION & OUTREACH 900099 5553387 5553387 FACILITY FEES 900099 2816646 2816646 THEATER RENTS 900099 2397526 2397526 51106 21106 30000 39465512 1420163 1420163 277 277 510 510 566646 0 566646 566646 566646 340848 7034 342775 5210 -1927 1824 -103 -103 204025 2716975 1875862 -1671837 -1671837 RESTAURANT & CATERING 900099 1916944 1916944 CONCESSIONS 900099 100246 100246 LOSS ON PARTNERSHIP 900099 -54 -54 16580 16381 199 2033716 55102483 42035729 29946 -250791 836877 836877 137040 137040 1480189 359173 874001 247015 19609318 17579028 806850 1223440 990088 941378 24085 24625 2378422 2129184 110755 138483 1804289 1576859 115458 111972 571978 308106 263872 138378 138378 54123 54123 2403208 1678974 423023 301211 1158032 1142431 15601 1478375 841102 241891 395382 109874 88440 8983 12451 25520 15120 10400 203670 179289 10187 14194 88789 53269 27511 8009 1219027 1217896 436 695 1423914 1362043 46801 15070 1147968 1072266 75702 MAINTENANCE 8909456 8845650 49656 14150 PRODUCTION - ARTIST FEE 3299750 3275199 24551 CAPITAL EQUIPMENT PURCH 1438641 1438641 PRODUCTION RELATED EXPE 1345659 1330609 125 14925 2511959 1925947 91845 494167 54764544 48334521 3309559 3120464 14437 18234 5938034 8118880 17285849 16673081 2787038 2084060 918292 578041 2543795 1898527 739923 645268 4898958 4989578 22763041 21938238 36314443 36453703 91660015 91499083 7795170 9158279 6057883 6340492 25726515 25299340 1515646 1427704 41095214 42225815 X -2056085 -4660575 15125820 16198784 37495066 37735059 50564801 49273268 91660015 91499083 X 337939 477232 -2106704 X X 0 1 X 1 0 X 10735450 9052864 10122703 11014689 13287599 54213305 4914440 5145023 5448343 5599677 5467245 26574728 15649890 14197887 15571046 16614366 18754844 80788033 2027394 78760639 1573550 1851022 1752539 2057740 1987596 9222447 35000 102770 30000 30000 30000 227770 1657619 1716801 1783496 1777980 2033571 8969467 99207717 179129063 0.79390 0.78720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2010 AMOUNT: $ 40,124. 2011 AMOUNT: $ 30,545. 2012 AMOUNT: $ 31,558. 2013 AMOUNT: $ 27,742. 2014 AMOUNT: $ 16,381. RESTAURANT CATERING - 2010 AMOUNT: $ 1,583,455. 2011 AMOUNT: $ 1,633,144. 2012 AMOUNT: $ 1,704,793. 2013 AMOUNT: $ 1,706,994. 2014 AMOUNT: $ 1,916,944. CONCESSIONS - 2010 AMOUNT: $ 34,040. 2011 AMOUNT: $ 53,112. 2012 AMOUNT: $ 47,145. 2013 AMOUNT: $ 43,244. 2014 AMOUNT: $ 100,246. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 2369967 1780909 589058 173828 117618 56210 645268 UNITIZED FUND OF INVESTMENTS OPERATED BY MUSIC CENTER FOUNDATION 21938238 F 21938238 BENEFICIAL INTEREST IN TRUST 30644613 CONTRACT ACQUISITION COSTS 5809090 36453703 DUE TO RESIDENT COMPANIES 769148 DEPOSITS 205716 CAPITAL LEASE OBLIGATIONS 350200 BOND INTEREST PAYABLE 102640 1427704 X 61111537 477232 5467245 64523 6009000 55102537 -54 -54 55102483 60231789 5467245 5467245 54764544 0 54764544 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY CULTURAL INSTITUTIONS, ART OBJECTS PURCHASED BY OR DONATED TO PACLAC ARE NOT INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION. PACLAC'S COLLECTION CONSISTS OF ART OBJECTS THAT ARE ON EXHIBITION. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR IN TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS; CONTRIBUTED COLLECTION ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. ITEMS IN COLLECTION INCLUDE: PAINTINGS, PRINTS, SCULPTURES, FURNITURE, MUSICAL ITEMS AND TEXTILES. PART X, LINE 2: THE PERFORMING ARTS CENTER IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE REVENUE AND TAXATION CODE OF CALIFORNIA. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PACLAC HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, "INCOME TAXES" ("ASC 740"), FORMERLY FASB INTERPRETATION NO. 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," AN INTERPRETATION OF FASB STATEMENT NO. 109. ASC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740 REQUIRES THAT AN ORGANIZATION RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF AND FOR THE YEAR ENDED JUNE 30, 2015 AND 2014, PACLAC HAD NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. THE FEDERAL INCOME TAX RETURNS OF PACLAC STILL OPEN AND SUBJECT TO IRS EXAMINATION ARE FOR THE 2012 THROUGH 2015 TAX YEARS. THE STATE OF CALIFORNIA INCOME TAX RETURNS STILL OPEN AND SUBJECT TO EXAMINATION ARE ALSO FOR THE 2011 THROUGH 2015 TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTERESTS 64,523. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON PARTNERSHIP -54. X X X X X X X 1 THEATER DIRECT INC 4213 WEST BURBANK BLVD BURBANK CA 91505 TELEMARKETING 0 138117 54123 83994 138117 54123 83994 CA 50TH ANNIVERSARY 2750500 2558975 191525 1015606 187600 35870 588486 SPOTLIGHT GALA 170500 158000 12500 1514 29780 4751 12255 2921000 2716975 204025 1017120 217380 40621 600741 1875862 -1671837 SCHEDULE G, PART II THE 50TH ANNIVERSARY FUNDRAISING EVENT SPANNED TWO FISCAL YEARS. THE GROSS INCOME, INCLUDING CONTRIBUTIONS, WAS $3,811,101 AND THE DIRECT EXPENSE WAS $2,069,014, RESULTING IN NET INCOME OF $1,742,087. 1 LOS ANGELES MASTER CHORALE 135 NORTH GRAND AVE LOS ANGELES CA 90012 952315682 501(C) 3 110758 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE AND GRANT LOS ANGELES OPERA COMPANY 135 NORTH GRAND AVE LOS ANGELES CA 90012 952096402 501(C) 3 219463 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE LOS ANGELES PHILHARMONIC ASSOCIATION 151 SOUTH GRAND AVE LOS ANGELES CA 90012 951696734 501(C) 3 219463 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE CENTER THEATRE GROUP 135 NORTH GRAND AVE LOS ANGELES CA 90012 952466183 501(C) 3 287193 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE AND GRANT 4 0 SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS FOR HIGH SCHOOL PERFORMING AND VISUAL ARTISTS. 143 137040 CASH AWARDS PART I, LINE 2: WE REGULARLY REVIEW THE FINANCIAL STATEMENTS OF OUR RESIDENT COMPANIES. X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 STEPHEN D ROUNTREE PRESIDENT (UNTIL 1/2/15) 620878 0 125611 0 40786 0 57241 0 35847 0 880363 0 0 0 HOWARD SHERMAN STARTED 1315 INTERIM PRESIDENT, & EXEC. VP, COO 309995 0 0 0 23138 0 47139 0 7682 0 387954 0 0 0 LISA WHITNEY SR. VP FINANCE, CFO 221870 0 0 0 23396 0 25194 0 10271 0 280731 0 0 0 ELIZABETH KENNEDY VP ADVANCEMENT 244822 0 0 0 17896 0 13492 0 7682 0 283892 0 0 0 MARK D SLAVKIN VP EDUCATION 165652 0 0 0 9259 0 26911 0 11826 0 213648 0 0 0 GARY EARL HEAD OF ELECTRIC 158580 0 0 0 19134 0 0 0 45433 0 223147 0 0 0 JAMES DRAPER HEAD OF PROPERTY 175073 0 0 0 0 0 0 0 46977 0 222050 0 0 0 TIM CONROY HEAD OF CARPENTRY 159131 0 0 0 15741 0 0 0 43748 0 218620 0 0 0 KEITH MCTAGUE DIRECTOR, BUILDING SERVICE 169820 0 0 0 0 0 0 0 32430 0 202250 0 0 0 PART I, LINE 4A PER CONFIDENTIALITY AGREEMENT SIGNED BY THE ORGANIZATION, THE SEVERANCE PACKAGE PAID TO AN EMPLOYEE IS NOT OPEN FOR PUBLIC INSPECTION. HOWEVER, THIS INFORMATION WILL BE MADE AVAILABLE TO THE TAXING AUTHORITIES UPON REQUEST. A CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK 630304653 13033WA37 2007-05-23 28473809 RENOVATION OF MARK TAPER FORUM 0 0 0 A 2325000 29465374 1711529 1938956 554390 25215282 85621 2008 0 0 1 1 A 0 1 1 1 0 0.00300 0.00300 0 0 1 A 0 0 1 1 0 0 1 SEE PART VI 1 1 1 A 1 PART I & PART II: DIFFERENCE BETWEEN AMOUNT REPORTED ON PART I COLUMN (E) AND PART II LINE 3 IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATES IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2C: THE FIFTH YEAR REBATE COMPUTATION WAS PERFORMED AS OF MAY 23, 2012. PART IV LINE 5B: TRINITY FDG CO & DEPFA BANK PART IV, LINE 5C: 1.10 AND 1.30 YEAR X 22 342775 AVG. ON DATE DONATED 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES A THIRD PARTY BROKER TO SELL STOCK CONTRIBUTIONS UPON RECEIPT. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD HAS DELEGATED THE AUTHORITY TO THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE FORM 990. ONCE APPROVED IT IS MADE AVAILABLE TO THE REMAINDER OF THE BOARD PRIOR TO THE FORM BEING ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURES ARE REQUIRED FOR OFFICERS, DIRECTORS, AND KEY EMPLOYEES. DISCLOSURES FOR DIRECTORS ARE SUMMARIZED AND REVIEWED BY THE CHAIRMAN OF THE BOARD. DISCLOSURES FOR OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER. IF A CONFLICT EXISTS AT THE DIRECTOR LEVEL, THE DIRECTOR IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. IF POTENTIAL CONFLICTS ARISE AT THE OFFICER OR KEY EMPLOYEE LEVEL, THE TRANSACTION WOULD BE REVIEWED BY LEGAL COUNSEL AND THE RELEVANT BOARD COMMITTEE TO DETERMINE RESTRICTIONS. FORM 990, PART VI, SECTION B, LINE 15 PURSUANT TO THE BYLAWS, THE EXECUTIVE COMMITTEE IS AUTHORIZED TO DETERMINE THE COMPENSATION OF THE PRESIDENT. AFTER A THOROUGH REVIEW OF HIS/HER PERFORMANCE, COMPENSATION OF EXECUTIVES AT OTHER ARTS ORGANIZATIONS, AND OTHER FACTORS, THE COMMITTEE APPROVES THE CEO'S COMPENSATION. THE CEO AND THE EXECUTIVE COMMITTEE REVIEW AND APPROVE THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, INFORMATIONAL RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS 64,523. SFAS 158 COMPREHENSIVE INCOME RELATED TO PENSION OBLIGATION -2,171,281. INCOME/LOSS FROM PARTNERSHIP 54. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THE MUSIC CENTER OF LOS ANGELES COUNTY INC 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 954859278 INACTIVE CA N/A C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0