2015-05-15T13:30:46-05:00 2014-06-30 010720052 MORRISON BROWN ARGIZ & FARRA LLC 301 E LAS OLAS BLVD 4TH FLOOR FORT LAUDERDALE FL 33301 990 2013-07-01 592141837 NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC NATI 3053771140 2100 BISCAYNE BLVD MIAMI FL 33137 W MARCUS SHERIDAN CHAIRMAN 3053771140 2015-05-15 1 DAVID HOLLANDER P00646430 9547609000 2013 2016-03-07 17:11:31Z YOUNGARTS MICHAEL KAISER 2100 BISCAYNE BLVD MIAMI FL 33137 34463198 0 X WWW.YOUNGARTS.ORG X 1981 FL IDENTIFY AND ASSIST EMERGING ARTISTS 25 25 48 25 0 0 13766035 13380447 306636 276841 3045403 2464628 404619 125323 17522693 16247239 1262533 1458916 0 0 2822091 3591461 0 0 1090841 8138989 9494873 12223613 14545250 5299080 1701989 61347160 71918614 3370314 10418642 57976846 61499972 X SEE SCHEDULE OTHE MISSION OF THE NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS IS TO IDENTIFY EMERGING ARTISTS AND ASSIST THEM AT CRITICAL JUNCTURES IN THEIR EDUCATIONAL AND PROFESSIONAL DEVELOPMENT, AND TO RAISE THE APPRECIATION FOR, AND SUPPORT OF, THE ARTS IN AMERICAN SOCIETY. 0 0 2921158 1281416 100925 NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS ("NFAA") WAS ESTABLISHED IN 1981 TO IDENTIFY AND SUPPORT THE NEXT GENERATION OF ARTISTS IN THE VISUAL, LITERARY, PERFORMING, AND DESIGN ARTS, AND TO CONTRIBUTE TO THE CULTURAL VITALITY OF THE NATION BY INVESTING IN THE ARTISTIC DEVELOPMENT OF TALENTED YOUNG ARTISTS. EACH YEAR, NFAA RECEIVES THOUSANDS OF APPLICATIONS TO THE YOUNGARTS PROGRAM FROM 15-18 YEAR OLD (OR GRADES 10-12) ARTISTS, AND FROM THESE, APPROXIMATELY 700 WINNERS ARE SELECTED WHO ARE ELIGIBLE TO PARTICIPATE IN YOUNGARTS PROGRAMS HELD IN MIAMI, NEW YORK, LOS ANGELES, AND WASHINGTON DC. YOUNGARTS PROVIDES THESE EMERGING ARTISTS WITH LIFE-CHANGING EDUCATIONAL EXPERIENCES WITH RENOWNED MASTER TEACHERS WHO CONDUCT MASTER CLASSES IN THE ARTISTS' RESPECTIVE FIELDS. THE WINNING ARTISTS ALSO RECEIVE THE VERY EDUCATIONAL EXPERIENCE OF PRODUCING PROFESSIONAL-GRADE PERFORMANCES AND EXHIBITIONS LED BY PROFESSIONAL DIRECTORS AND CURATORS. IN ADDITION, YOUNGARTS APPLICANTS RECEIVE ACCESS TO SIGNIFICANT SCHOLARSHIPS VIA THEIR INCLUSION ON YOUNGARTS' SCHOLARSHIP LIST SERVICE, WHICH IS A LISTING OF APPLICANTS WITH THEIR ONLINE PORTFOLIOS THAT IS SENT TO SECONDARY EDUCATIONAL FACILITIES AROUND THE COUNTRY, THUS CONNECTING THE APPLYING ARTISTS TO SECONDARY EDUCATIONAL RECRUITERS. 1235945 177500 OUR REGIONAL PROGRAMS IN MIAMI, NEW YORK AND LOS ANGELES, TO WHICH APPROXIMATELY 700 WINNERS ARE ELIGIBLE TO ATTEND, CONTINUES THE MISSION OF OUR YOUNGARTS CORE PROGRAM BY PROVIDING OUR LOCAL WINNERS WITH LIFE-CHANGING EXPERIENCES UNDER THE TUTELAGE OF RENOWNED MASTER TEACHERS WHO CONDUCT IMMERSIVE MASTER CLASSES IN THE YOUNG ARTISTS' RESPECTIVE FIELDS. THE YOUNG ARTISTS SPEND VAST AMOUNTS OF TIME TOGETHER DURING THE 4-5 DAY DURATION OF EACH REGIONAL PROGRAM WHILE HAVING DIRECT ACCESS TO OUR ACCOMPLISHED GROUP OF TEACHERS AND RESIDENT ADVISORS FROM WHOM THEY CAN SEEK GUIDANCE AND MENTORSHIP. AT THE CONCLUSION OF EACH REGIONAL PROGRAM, MERIT AWARDS ARE OFFERED TO THE YOUNG ARTISTS. 341498 EACH YEAR, 20 YOUNGARTS FINALISTS ARE NAMED PRESIDENTIAL SCHOLARS IN THE ARTS. AT THE REQUEST OF THE COMMISSION ON PRESIDENTIAL SCHOLARS, WHICH IS APPOINTED BY THE PRESIDENT OF THE UNITED STATES, NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS, THROUGH ITS YOUNGARTS PROGRAM SERVES AS THE EXCLUSIVE NOMINATING AGENCY FOR PRESIDENTIAL SCHOLARS IN THE ARTS. PARTICIPANTS IN THE YOUNGARTS PROGRAM ARE THE ONLY STUDENTS ELIGIBLE TO RECEIVE THE DESIGNATION OF PRESIDENTIAL SCHOLARS IN THE ARTS (PSA), BASED ON THEIR ARTISTIC AND ACADEMIC ACHIEVEMENTS. BEING NAMED A PRESIDENTIAL SCHOLAR IS THE HIGHEST SCHOLASTIC HONOR AVAILABLE TO GRADUATING HIGH SCHOOL SENIORS. EACH YEAR, A GROUP OF 60 PSA NOMINEES ARE SELECTED FROM THE YOUNGARTS WINNERS. FROM THESE STUDENTS, 20 WINNERS ARE CHOSEN BY THE COMMISSION ON PRESIDENTIAL SCHOLARS AND NAMED PRESIDENTIAL SCHOLARS IN THE ARTS, ALONGSIDE 120 ACADEMIC SCHOLARS AT A WHITE HOUSE CEREMONY. IN ADDITION TO THIS ONCE IN A LIFETIME HONOR, THE VISUAL ARTISTS, PHOTOGRAPHERS AND WRITERS PRESENT THEIR WORK IN AN EXHIBITION AT THE SMITHSONIAN MUSEUM, AND THE PERFORMING ARTISTS PERFORM AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS; TRULY A LIFE CHANGING EXPERIENCE FOR ANY YOUNG ARTIST. 7362158 175916 YOUNGARTS HAS ESTABLISHED REGIONAL PROGRAMS IN NEW YORK, LOS ANGELES, AND MIAMI. APPLICANTS TO THE YOUNGARTS PROGRAM WHO WERE NOT SELECTED FOR THE NATIONAL PROGRAM HELD IN MIAMI IN EACH YEAR BUT NONETHELESS WERE AWARD WINNERS AND RESIDE IN THE AREA WHERE THE REGIONAL PROGRAMS ARE HELD HAVE THE OPPORTUNITY TO ATTEND THE YOUNGARTS WEEK REGIONAL PROGRAMS. THE REGIONAL PROGRAMS ARE A VIRTUAL COPY OF THE NATIONAL PROGRAM, WITH ITS EDUCATIONAL OPPORTUNITIES INCLUDING MASTER CLASSES AND PERFORMANCE/EXHIBITION PRODUCTIONS. WINNERS WHO DO NOT RESIDE IN THE REGIONAL AREAS ARE ALSO PERMITTED TO ATTEND ON A SPACE AVAILABLE BASIS. VARIOUS OTHER PROGRAMS 7362158 175916 11860759 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 359 0 48 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X CLAUDETTE DONLON 3053771140 2100 BISCAYNE BOULEVARD MIAMI FL 33137 MARC SHERIDAN CHAIRMAN 2.00 X X 0 0 0 JEFF KAUFFMAN SECRETARY 2.00 X X 0 0 0 RICHARD S WAGMAN TREASURER 2.00 X X 0 0 0 LIN ARISON TRUSTEE 1.00 X 0 0 0 SARAH S ARISON TRUSTEE 1.00 X 0 0 0 FACUNDO L BACARDI TRUSTEE 1.00 X 0 0 0 PATTY CARROLL TRUSTEE 1.00 X 0 0 0 ARMANDO M CODINA TRUSTEE 1.00 X 0 0 0 LINDA COLL TRUSTEE 1.00 X 0 0 0 MERYL COMER TRUSTEE 1.00 X 0 0 0 HUGH S BEAU CUMMINS III TRUSTEE 1.00 X 0 0 0 JUSTIN DICIOCCIO TRUSTEE 1.00 X 0 0 0 AGNES GUND TRUSTEE 1.00 X 0 0 0 JOHN R HENRY TRUSTEE 1.00 X 0 0 0 RICHARD KOHAN TRUSTEE 4.50 0.50 X 0 0 0 DR RONALD C MCCURDY TRUSTEE 1.00 X 0 0 0 SANDRA MUSS TRUSTEE 1.00 X 0 0 0 JOHN J O'NEIL TRUSTEE 1.00 X 0 0 0 DR EDUARDO J PADRON TRUSTEE 1.00 X 0 0 0 CHRISTY POWELL TRUSTEE 1.00 X 0 0 0 DESMOND RICHARDSON TRUSTEE 1.00 X 0 0 0 MAX SCHNEIDER TRUSTEE 1.00 X 0 0 0 MAURICE M ZARMATI TRUSTEE 1.00 X 0 0 0 PLACIDO DOMINGO ADDED 62014 TRUSTEE 1.00 X 0 0 0 HARRY HERSH TRUSTEE 0.50 0.50 X 0 0 0 PAUL T LEHR PRESIDENT & CEO 50.00 X 480999 0 46156 JOSEPH J GUITERREZ SENIOR VP OF OPERATIONS AN 50.00 X 285999 0 46156 LISA LEONE VP OF PROGRAMS 40.00 X 195999 0 0 DALE WEBB VP OF DEVELOPMENT 40.00 X 190999 0 0 VANESSA LEITMAN VICE PRESIDENT 40.00 X 158755 0 0 AMY ROSENBERG DIRECTOR OF MEMBERSHIP & COMMUNITY ENGAGEMENT 40.00 X 123402 0 0 LENA MAKURATH SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 116098 0 0 1552251 0 92312 7 0 1 0 PLAZA CONSTRUCTION 120 NE 27TH ST 600 MIAMI FL 33137 CONSTRUCTION 2360002 GEHRY PARTNERS LLP 12541 BEATRICE STREET LOS ANGELES CA 90066 PROFESSIONAL SERVICES 561450 MARRIOTT BUSINESS SERVICES PO BOX 403003 ATLANTA GA 30384 LODGING AND CATERING 530670 WOW FACTOR MARKETING GROUP 800 DOUGLAS RAOD LA PUERTA DEL SOL CORAL GABLES FL 33134 MARKETING 511808 PRO SOUND & VIDEO 1375 NE 123RD STREET MIAMI FL 33161 VIDEO AND AUDIT EQUIPMENT 468999 26 469636 88496 12822315 13380447 FACILITIES RENTAL AND TICKET SALE 711190 175916 175916 APPLICATION FEES 711190 100925 100925 276841 1209103 1209103 18779123 17523598 1255525 1255525 1255525 817684 469636 692361 125323 125323 16247239 276841 0 2589951 X 1458916 1458916 1312754 590740 328189 393825 1782716 1213295 299468 269953 77191 40728 23063 13400 221692 141501 46948 33243 197108 125809 41741 29558 32000 32000 120878 120878 1466674 1249753 216921 225767 225767 96332 76630 13135 6567 40861 40861 1041526 882489 96047 62990 830584 584895 167112 78577 9079 9079 221905 155334 44381 22190 260502 182352 52100 26050 PROGRAM PRODUCTION 2921514 2921514 ARTS EDUCATION 1188369 1188369 MATERIALS AND SUPPLIES 459452 321617 91890 45945 579430 451110 19777 108543 14545250 11860759 1593650 1090841 318785 345190 50000 6500 149289 126951 158154 205313 23250577 560713 15317104 22689864 34543724 37239224 8701640 9192872 2108464 2112700 61347160 71918614 674814 1703213 5500 5544873 2690000 3170556 3370314 10418642 X 16277111 17250437 29877176 32422740 11822559 11826795 57976846 61499972 61347160 71918614 X 1701989 2297457 -476320 X X 0 1 X 1 0 X 6074171 45529067 6899677 14339706 13380447 86223068 6074171 45529067 6899677 14339706 13380447 86223068 71344468 14878600 175549 526720 1333619 1264572 1209103 4509563 90732631 1096634 0.16400 0.16700 X NFAA HAS RECEIVED SEVERAL LARGE DONATIONS THAT, WHEN COMBINED, CAUSED IT TO FALL BELOW THE ONE-THIRD MEASUREMENT OF BROAD PUBLIC SUPPORT. THE ORGANIZATION WAS AND REMAINS COMMITTED TO REPRESENTING AND SERVING THE BROAD GENERAL PUBLIC THROUGH ITS PROGRAMS TO SOLICIT PUBLIC FUNDS, COMMUNITY-BASED GOVERNING BODY, AND PROVISION OF FACILITIES AND SERVICES FOR THE BENEFIT OF THE PUBLIC.NFAA HAS A SIGNIFICANT AND HIGHLY VISIBLE CHARITABLE PRESENCE ACROSS THE COUNTRY THROUGH ALL OF ITS EDUCATION, ARTS PROMOTION, AND OTHER ACTIVITIES, INCLUDING THROUGH ITS MASTERCLASS, FILM SERIES AND STUDY GUIDE AND PARTICIPATION IN THE U.S. PRESIDENTIAL SCHOLARS IN THE ARTS PROGRAM. THE ORGANIZATION IS THE ONLY NATIONAL ORGANIZATION THAT EDUCATES, RECOGNIZES AND SUPPORTS EMERGING YOUNG ARTISTS IN TEN DISCIPLINES IN THE VISUAL, LITERARY AND PERFORMING AND DESIGN ARTS. EACH YEAR THE ORGANIZATION SPONSORS PUBLIC DISPLAYS AND EXHIBITIONS OF THE WORKS OF THE YEAR'S WINNERS, INCLUDING BUT NOT LIMITED TO, RECIPIENTS OF THE U.S. PRESIDENTIAL SCHOLARS IN THE ARTS, AND SUPPORTS MANY PUBLIC PERFORMANCES BY THE RECIPIENTS OF THE AWARDS, WHICH ARE OPEN TO THE PUBLIC. NFAA'S GOVERNING BODY IS COMPRISED OF 25 INDIVIDUALS WITH DIVERGENT AND CIVIC-MINDED BACKGROUNDS AND WHO REPRESENT A WIDE ARRAY OF COMMUNITY AND PUBLIC INTERESTS, INCLUDING THE ARTS AND PHILANTHROPIC COMMUNITIES. ALL OF THE ORGANIZATION'S BOARD MEMBERS ARE "INDEPENDENT VOTING MEMBERS" AS DEFINED BY THE FORM 990 REPORTING INSTRUCTIONS.NFAA CONTINUES TO MAINTAIN AN ACTIVE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC AND EACH YEAR RECEIVES DONATIONS FROM A VARIETY OF SOURCES, INCLUDING PUBLIC AND PRIVATE DONORS AS WELL AS GOVERNMENT GRANTS. THE ORGANIZATION RELIES GREATLY ON THE CONTRIBUTIONS OF GENEROUS INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND PHILANTHROPIC INSTITUTIONS. NFAA MAINTAINS A DEVELOPMENT DEPARTMENT AND ITS LONG-STANDING FUNDRAISING EFFORTS HAVE INCLUDED FUNDRAISING THROUGH TELEPHONE, MAIL, INTERNET SOLICITATIONS, AND FUNDRAISING EVENTS. THE ORGANIZATION'S ANNUAL "AN AFFAIR OF THE ARTS" PERFORMANCE AND GALA IS RECOGNIZED AS A SIGNIFICANT PHILANTHROPIC EVENT, AND OVER THE YEARS HAS BROUGHT ART ENTHUSIASTS TOGETHER AND SHOWCASED YOUNG ARTISTS' ACHIEVEMENTS IN ALL FORMS OF ART. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X EDUCATION 0 44200505 4645443 2413852 46432096 52681002 50000 3775194 12305691 44200505 53516069 427541 1262608 52681002 13372116 39499025 1123988 479060 53516069 13138910 794206 561000 13372116 0.05000 0.27000 0.68000 0 0 11882222 11882222 10347422 256442 10090980 955933 239271 716662 65000 65000 0 22689864 ALTERNATIVE INVESTMENTS 9192872 F 9192872 LOSS ON ABANDONED OPERATING LEASE 1170556 ARTWORK PLEDGED TO THIRD PARTY 2000000 3170556 X 19120415 2297457 696597 2994054 16126361 120878 120878 16247239 15116733 692361 692361 14424372 120878 120878 14545250 PART III, LINE 4: THE ARTWORK WILL BE USED IN TEACHING MASTER CLASSES AND BE ON PUBLIC DISPLAY UNTIL IT IS DETERMINED WHETHER IT WILL BE DONATED TO ANOTHER CHARITY. PART V, LINE 4: THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF INCOME TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE FOUNDATION IS REGISTERED WITH THE INTERNAL REVENUE SERVICE AS A NON-PROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY, IS EXEMPT FROM INCOME TAXES. THE FOUNDATION RECOGNIZES AND MEASURES TAX POSITIONS BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. INTEREST AND PENALTIES ON TAX LIABILITIES, IF ANY, WOULD BE RECORDED IN INTEREST EXPENSE AND OTHER NON-INTEREST EXPENSE, RESPECTIVELY. THE U.S. FEDERAL JURISDICTION AND FLORIDA ARE THE MAJOR TAX JURISDICTIONS WHERE THE FOUNDATION FILES INCOME TAX RETURNS. THE FOUNDATION IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: SWAIN TRUST ADJUSTMENT 4,236. SPECIAL EVENTS 692,361. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 692,361. GALA 1287320 469636 817684 128476 563885 1287320 469636 817684 128476 563885 692361 125323 1 YOUNGARTS FINALISTS AWARDS 6 60000 PART I, LINE 2: CASH AWARDS ARE ISSUED TO YOUNG ARTISTS BASED ON MERIT AS DETERMINED BY OUR ESTEEMED JUDGES. THE AWARDS LISTED IN PART III REPRESENT THE MOST TALENTED OF OUR YOUNG ARTISTS. YOUNGARTS AWARDED APPROXIMATELY $1.4 MILLION TO NEARLY 700 OTHER WINNERS WHO EACH RECEIVED CASH AWARDS BETWEEN $250 AND $5,000. X X X X X X 0 0 0 0 0 0 0 0 0 PAUL T LEHR PRESIDENT & CEO 355999 0 125000 0 0 0 17500 0 28656 0 527155 0 0 0 JOSEPH J GUITERREZ SENIOR VP OF OPERATIONS AN 240999 0 45000 0 0 0 17500 0 28656 0 332155 0 0 0 LISA LEONE VP OF PROGRAMS 195999 0 0 0 0 0 0 0 0 0 195999 0 0 0 DALE WEBB VP OF DEVELOPMENT 190999 0 0 0 0 0 0 0 0 0 190999 0 0 0 VANESSA LEITMAN VICE PRESIDENT 158755 0 0 0 0 0 0 0 0 0 158755 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THERE ARE CERTAIN RIGHTS, PRIVILEGES AND POWERS THAT THE EXECUTIVE COMMITTEE HAS BEEN GIVEN BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 TWO OF THE MEMBERS OF THE BOARD OF TRUSTEES ARE BROTHER AND SISTER, AND ANOTHER MEMBER OF THE BOARD OF TRUSTEES IS THE GRANDAUGHTER OF THE SISTER. FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT AND CEO AND THE AUDIT COMMITTEE OF THE BOARD REVIEW THE FORM 990 PRIOR TO FULL BOARD REVIEW. AFTER THAT REVIEW, THE SENIOR VICE PRESIDENT OF OPERATIONS AND CFO, IS AUTHORIZED TO SIGN THE RETURN AND FORM 8879-EO GIVING MORRISON, BROWN, ARGIZ & FARRA, LLC PERMISSION TO ELECTRONICALLY FILE THE RETURN ON THE FOUNDATION'S BEHALF. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS WRITTEN IN THE EMPLOYEE HANDBOOK. ALL EMPLOYEES ACKNOWLEDGE THEIR UNDERSTANDING OF THE POLICY. THE CEO REITERATES THE POLICY AS DEEMED NECESSARY. THE BOARD ALSO REVIEWS THE POLICY AND PROVIDES ANNUAL DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS A COMPENSATION COMMITTEE WHICH IS CHARGED WITH APPROVING SALARIES AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL ARTISTS: PROGRAM SERVICE EXPENSES 629,707. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 629,707. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 216,921. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 216,921. PROGRAM AND EVENT CONSULTANTS: PROGRAM SERVICE EXPENSES 620,046. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 620,046. FORM 990, PART XI, LINE 9: CHANGE IN CHARITABLE REMAINDER TRUST 4,236. LOSS ON ABANDONED OPERATING LEASE -480,556. FORM 990, PART XI, LINE 2C THE FOUNDATION'S INDEPENDENT ACCOUNTANTS PERFORM AN ANNUAL AUDIT. THE AUDIT COMMITTEE REVIEWS AND RECOMMENDS THE AUDITED FINANCIAL STATEMENTS FOR APPROVAL BY THE FULL BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS APPROVES THE FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NATIONAL YOUNGARTS FOUNDATION CAMPUS LLC 2100 BISCAYNE BLVD MIAMI FL 33137 320417347 REAL ESTATE HOLDING COMPANY FL 0 21955142 NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC DBA YOUNGARTS NATIONAL YOUNGARTS FOUNDATION SUPPORTING ORGANIZATION C/O AFO LLC 2100 BISCAYNE BOULEVARD MIAMI FL 33137 455508211 TO SUPPORT THE CAMPUS OPERATIONS OF YOUNGARTS DE 501(C)(3) LINE 11A, I YOUNGARTS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0