2016-05-16T12:57:16-05:00 2015-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2014-07-01 134172481 LINCOLN CENTER DEVELOPMENT PROJECT INC % ELAINE RUIZ LINC 2128755858 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 TEREA HERBERT CHIEF OPERATING OFFICER 2128755858 2016-05-13 true KPMG LLP P01249521 2127589700 2014 2016-08-17 19:52:53Z RONALD AUSTIN EXEC DIRECTOR 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 3512767 false X N/A X 2001 NY TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE PLANNED REDEVELOPMENT AND TRANSFORMATION OF THE LINCOLN CENTER CAMPUS. SEE SCHEDULE O FOR CONTINUATION. 3 3 4 3 0 1246391 3512767 0 0 0 0 0 0 1246391 3512767 0 0 0 0 44400 803129 0 0 0 1210041 2709638 1254441 3512767 -8050 0 555284 980329 513866 938911 41418 41418 X TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE PLANNED REDEVELOPMENT AND TRANSFORMATION OF THE LINCOLN CENTER CAMPUS. SEE SCHEDULE O FOR CONTINUATION. true false 2544887 ALL ACTIVITIES OF THE CORPORATION FURTHER THE EXEMPT AND CHARITABLE PURPOSE OF THE CORPORATION BY PROVIDING FINANCIAL, PROFESSIONAL, AND OTHER ASSISTANCE IN ERECTING, RECONSTRUCTING, RENOVATING, MODERNIZING, AND RECONFIGURING BUILDINGS OPEN TO THE PUBLIC FOR PUBLIC EXPOSITIONS AND CULTURAL ACTIVITIES. SEE SCHEDULE O. 2544887 true true false false false false false false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true X 11 0 true 4 true false false false false false false false false false false X 3 3 false false false false true true true true true false false true true true true true true true true false NY X ELAINE RUIZ 2128755000 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 X PHILIP MILSTEIN BOARD CHAIR 2.0 2.0 X 0 0 0 BART FRIEDMAN DIRECTOR 1.0 5.0 X 0 0 0 PETER L MALKIN DIRECTOR 1.0 3.0 X 0 0 0 RONALD AUSTIN EXECUTIVE DIRECTOR 35.0 0.0 X 384391 0 163277 DANIEL RUBIN CFO & TREASURER 2.0 35.0 X 0 461238 317119 LESLEY FRIEDMAN ROSENTHAL GENERAL COUNSEL & SECRETARY 2.0 35.0 X 0 413639 286583 TEREA HEBERT PROJECT OPERATIONS 35.0 0.0 X 249125 0 66319 633516 874877 833298 2 true true false AKUSTIKS LLC 93 N Main Street NORWALK CT 06854 Concert Hall Design 137932 SCHULTE ROTH ZABEL LLP 919 Third Avenue NEW YORK NY 10022 Law Services 137256 Fisher Dachs Associates 22 W 19th St NEW YORK NY 10011 Theater Design 118440 3 3512767 3512767 0 0 0 0 0 0 0 0 0 0 0 0 3512767 0 0 0 0 457917 11219 446698 0 0 261228 6401 254827 0 29118 713 28405 0 28297 693 27604 0 26569 651 25918 0 0 0 8035 197 7838 0 0 0 0 5785 142 5643 0 23403 573 22830 0 0 0 0 151837 3720 148117 0 0 0 0 0 0 0 GEFFEN HALL-PLANNING EXP. 2396838 2396838 PROJECT CLOSEOUT EXPENSES 123740 123740 3512767 2544887 967880 0 10042 10042 0 0 545242 970287 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 555284 980329 513866 938911 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 513866 938911 X 41418 41418 0 0 0 0 41418 41418 555284 980329 0 X false true X true false X 33136323 8137951 4635779 1246391 3512767 50669211 0 0 33136323 8137951 4635779 1246391 3512767 50669211 0 50669211 0 0 0 50669211 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 3512767 3512767 3512767 3512767 3512767 3512767 UNCERTAIN TAX POSITIONS SCHEDULE D, PART X, LINE 2 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - LINCOLN CENTER RECOGNIZES THE BENEFIT OF TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINABLE BASED ON THE MERITS OF THE POSITION. X X X X false true false false false false false false false RONALD AUSTIN EXECUTIVE DIRECTOR 343499 0 40000 0 892 0 134577 0 28700 0 547668 0 0 0 DANIEL RUBIN CFO & TREASURER 0 426449 0 0 0 34789 0 288919 0 28200 0 778357 0 0 LESLEY FRIEDMAN ROSENTHAL GENERAL COUNSEL & SECRETARY 0 402562 0 0 0 11077 0 258883 0 27700 0 700222 0 0 TEREA HEBERT PROJECT OPERATIONS 249125 0 0 0 0 0 66319 0 0 0 315444 0 0 0 FORM 990, SCHEDULE J DISCLOSURE REGARDING PAYROLL ADMINISTRATION LINCOLN CENTER DEVELOPMENT PROJECT'S (LCDP) PAYROLL IS ADMINISTERED BY LINCOLN CENTER FOR THE PERFORMING ARTS, A RELATED SECTION 501(c)(3) PUBLIC CHARITY. LCDP REIMBURSES LCPA FOR SALARIES AND BENEFITS OF EMPLOYEES WORKING ON BEHALF OF LCDP. FORM 990, SCHEDULE J, PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN PAYMENTS AMOUNTS INCLUDED IN COLUMN (B)(III) REFLECT PAYMENTS OF ACTUARIALLY CALCULATED SUPPLEMENTAL RETIREMENT BENEFITS INTENDED TO COMPENSATE FOR IRS LIMITATIONS IN DEFINED BENEFIT PENSION PLANS, IN THIS CASE A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN. TAXABLE PAYMENTS WERE MADE AS FOLLOWS: DANIEL RUBIN $31,910; LESLEY FRIEDMAN ROSENTHAL $10,423. Amounts included in column (C) reflect nontaxable compensation accrued under a 457(f) plan: Daniel Rubin $169,600 ($84,800 deferred in calendar year 2013 and $84,800 deferred in calendar year 2014) and Lesley friedman-Rosenthal $160,000 ($80,000 deferred in calendar year 2013 and $80,000 deferred in calendar year 2014). FORM 990, SCHEDULE J, PART II, COLUMN (C) THE CHANGE IN PENSION VALUE CAN BE ATTRIBUTED TO THREE MAIN AREAS, (1) THE EMPLOYEES AGE BY ONE YEAR, (2) THE EMPLOYEE EARNS AN ADDITIONAL YEAR ON BENEFIT ACCRUAL AND (3) THE CHANGES IN THE YIELD CURVE. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 AND PART III, LINE 1 TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE PLANNED REDEVELOPMENT AND TRANSFORMATION OF THE LINCOLN CENTER CAMPUS AND TO PROVIDE A MYRIAD OF SERVICES THAT WOULD FOSTER THE PERFORMING ARTS TO IMPROVE THE CULTURAL LIFE OF COMMUNITIES THROUGHOUT THE UNITED STATES AND THE WORLD. SIGNIFICANT ACTIVITIES PART III, LINE 2 In addition to the transformation of West 65th Street, the David Rubenstein Atrium, and the upgrading of the Josie Robertson Plaza, the Redevelopment Projects includes the planned refurbishment of Avery Fisher Hall, renamed David Geffen Hall on September 24, 2015. PROGRAM SERVICES FORM 990, PART III, LINE 4a ALL OF LCDP'S ACTIVITIES FURTHER ITS TAX-EXEMPT AND CHARITABLE PURPOSE BY EMBRACING LCPA'S GOAL OF FOSTERING THE PERFORMING ARTS TO IMPROVE THE CULTURAL LIFE OF COMMUNITIES THROUGHOUT THE UNITED STATES AND THE WORLD, AND PROVIDING ASSISTANCE IN ERECTING, RECONSTRUCTING, RENOVATING, MODERNIZING AND RECONFIGURING BUILDINGS OPEN TO THE PUBLIC FOR PUBLIC EXPOSITIONS AND CULTURAL ACTIVITIES. DURING THE FISCAL YEAR ENDED JUNE 30, 2015, THE REDEVELOPMENT PROJECTS PRIMARILY CONSISTED OF THE ASSESSMENT AND PLANNING FOR THE FUTURE REDEVELOPMENT OF DAVID GEFFEN HALL (FORMERLY KNOWN AS AVERY FISHER HALL). DISCLOSURE REGARDING PAYROLL ADMINISTRATION FORM 990, PART V, LINE 2A AND PART VII LINCOLN CENTER DEVELOPMENT PROJECT'S (LCDP) PAYROLL IS ADMINISTERED BY LINCOLN CENTER FOR THE PERFORMING ARTS, A RELATED SECTION 501(C)(3) PUBLIC CHARITY. LCDP reimburses LCPA for salaries and benefits of employees working on behalf of LCDP. GOVERNING BODY AND MANAGEMENT FORM 990, PART VI, LINES 6, 7A AND 7B THERE ARE NO STOCKHOLDERS. THE BOARD IS A SINGLE MEMBER CORPORATION, WITH LINCOLN CENTER FOR THE PERFORMING ARTS, INC. AS ITS SOLE MEMBER, WITH THREE DIRECTORS DESIGNATED BY LINCOLN CENTER FOR THE PERFORMING ARTS, INC., AND ONE NON-VOTING DIRECTOR DESIGNATED BY THE CITY OF NEW YORK. VOTING MEMBERS HAVE THE GENERAL POWER TO CONTROL AND MANAGE THE AFFAIRS AND PROPERTY OF LCDP AND ADOPT RULES AND REGULATIONS GOVERNING ITS ACTIONS. CERTAIN GOVERNANCE DECISIONS ARE RESERVED TO LCDP'S SOLE MEMBER, LINCOLN CENTER FOR THE PERFORMING ARTS, INC., INCLUDING THE RIGHT TO REMOVE A DIRECTOR WITH OR WITHOUT CAUSE AND THE RIGHT TO CHANGE THE NUMBER OF DIRECTORS ON THE BOARD. ADDITIONALLY, NOTICE OF BOARD MEETINGS MUST BE GIVEN TO LINCOLN CENTER FOR THE PERFORMING ARTS, INC. FORM 990 REVIEW FORM 990, PART VI, LINE 11B LCDP'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTING FIRM WITH DATA PROVIDED BY ITS FINANCE DEPARTMENT. WHEN LCDP'S STAFF AND ACCOUNTING FIRM APPROVE THE DRAFT RETURN, IT IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. LCDP'S BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY FOR REVIEWING FORM 990 TO THE AUDIT COMMITTEE. WHEN THE AUDIT COMMITTEE APPROVES THE FINAL DRAFT, A COPY IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C LCDP BOARD MEMBERS AND SENIOR STAFF ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST FORM EACH FISCAL YEAR TO CONFIRM THEIR COMPLIANCE WITH LCDP'S CONFLICT OF INTEREST POLICY. THE GENERAL COUNSEL REVIEWS ALL QUESTIONNAIRES AND DETERMINES TOGETHER WITH THE AUDIT COMMITTEE WHETHER A CONFLICT OF INTEREST IN FACT EXISTS. DURING THE JUNE 30, 2015 TAX YEAR, NO POTENTIAL NEW CONFLICTS WERE REPORTED. IN THE EVENT OF A POTENTIAL CONFLICT INVOLVING AN EXISTING OR ONGOING ACCOUNT, ARRANGEMENT, RELATIONSHIP OR TRANSACTION, THE AUDIT COMMITTEE OR THE BOARD REGULARLY EVALUATES THE BENEFITS AND APPROPRIATENESS OF THE ACCOUNT, ARRANGEMENT, RELATIONSHIP OR TRANSACTION TO ENSURE THAT IT HAS BEEN AND CONTINUES TO BE HANDLED WITHIN ACCEPTABLE STANDARDS OUTLINED IN THIS POLICY. COMPENSATION FORM 990, PART VI, LINE 15A LCDP'S EXECUTIVE DIRECTOR'S COMPENSATION IS GOVERNED BY A CONTRACT EXECUTED IN 2013. IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION, LCDP RELIED ON A STUDY BY TOWERS PERRIN (AN INDEPENDENT COMPENSATION CONSULTANT) REGARDING EXECUTIVE COMPENSATION, AND ALSO OBTAINED INDUSTRY-WIDE COMPENSATION INFORMATION FOR PERSONS WITH SIMILAR RESPONSIBILITIES FROM ONE OF THE NATION'S LEADING REAL ESTATE AND CONSTRUCTION FIRMS. THE INDIVIDUALS INVOLVED IN ASSESSING AND DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR ARE NOT PERMITTED TO HAVE A CONFLICT OF INTEREST UNDER LCDP'S CONFLICT OF INTEREST POLICY. IN ADDITION, LCDP RETAINS RECORDS OF THE COMPENSATION PROCESS AND DECISIONS. THE EXECUTIVE DIRECTOR'S COMPENSATION IS APPROVED BY THE BOARD. DOCUMENT AVAILABILITY FORM 990, PART VI, LINE 19 LCDP makes its annual financial statements available on Lincoln Center's website. Other governing documents and 990 are available upon request. LINCOLN CENTER FOR THE PERFORMING ARTS 70 LINCOLN CENTER PLZ 9TH FL NEW YORK NY 10023 131847137 PERF. ARTS NY 501(C)(3) 7 NA false false false true false false false false false false false false true true false false false false false