2015-04-06T11:54:20-05:00 2014-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2013-07-01 952217011 PERFORMING ARTS CENTER OF LOS ANGELES COUNTY PERF 2139727211 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 WILLIAM MEYERCHAK SENIOR VP, FINANCE & CFO 2139727512 2015-03-30 1 LIOR TEMKIN P00748170 3104773924 2015-03-30 2013 2016-02-25 16:41:14Z LISA WHITNEY 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 52308379 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. 43 42 1188 867 29691 0 10122703 11014689 37234623 37129021 1277605 1509673 2274202 2076497 50909133 51729880 883230 885562 0 0 25981769 26415238 44880 35076 3231048 22498613 24362846 49408492 51698722 1500641 31158 87346750 91660015 41647003 41095214 45699747 50564801 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 29824821 32271252 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 1.13 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 MILLION PEOPLE PASS THROUGH THE PARK TO ENJOY ITS MANY AMENITIES. IN 2013-14, THE PARK'S SECOND YEAR OF OPERATION, PAC PRESENTED 230 FREE OF CHARGE PROGRAMMING EVENTS WHICH ATTRACTED MORE THAN 165,000 PARTICIPANTS. MANY OF THESE EVENTS WERE HELD IN CONJUNCTION WITH OVER 120 COMMUNITY PARTNERS. 12877243 885562 5246601 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 2013-14, OUR EDUCATIONAL PROGRAMS SERVED 165 SCHOOLS TOTALING OVER 70,228 STUDENTS. 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 2013-14, ESTIMATED ATTENDANCE FOR ALL PUBLIC PROGRAMS WAS ABOUT 38,000.THE MUSIC CENTER SPOTLIGHT AWARDS PROGRAM IS A NATIONALLY-ACCLAIMED RECOGNITION AND SCHOLARSHIP PROGRAM FOR SOUTHERN CALIFORNIA HIGH SCHOOL PERFORMING AND VISUAL ARTISTS. OVER 3,990 HIGH SCHOOL STUDENTS PARTICIPATED IN SPOTLIGHT IN 2013-14 AND $ 123,575 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 2013-14, OVER 65,000 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 2013-14, ACTIVE ARTS SERVED OVER 20,000 PARTICIPANTS IN OVER 60 EVENTS, PROGRAMS, CLASSES AND WORKSHOPS. 1949782 1898117 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 2013-14 CONSISTED OF DEBT SERVICE RELATED TO THE MARK TAPER FORUM RENOVATION, AMORTIZATION OF CONTRACT ACQUISITION COSTS, AND CAPITAL IMPROVEMENTS ACROSS THE CENTER CAMPUS. 44651846 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 1 336 0 1 1188 1 1 1 0 0 0 0 1 1 0 0 0 0 X 43 42 1 0 1 0 0 0 0 1 1 0 0 0 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 WALLIS ANNENBERG DIRECTOR 1.00 X 0 0 0 COLLEEN BELL DIRECTOR 1.00 X 0 0 0 LOUISE HENRY BRYSON DIRECTOR 1.00 X 0 0 0 FUNG DER 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 STEPHEN F HINCHLIFFEJR DIRECTOR 1.00 X 0 0 0 AMB GLEN A HOLDEN DIRECTOR 1.00 X 0 0 0 CAROLBETH KORN DIRECTOR 1.00 X 0 0 0 AMB LESTER B KORN DIRECTOR 1.00 X 0 0 0 NIGEL LYTHGOE DIRECTOR 1.00 X 0 0 0 MARTIN MASSMAN 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 ELIZABETH MICHELSON DIRECTOR 1.00 X 0 0 0 NEAL MILLARD DIRECTOR 1.00 X 0 0 0 CINDY MISCIKOWSKI DIRECTOR 1.00 X 0 0 0 SHELBY NOTKIN DIRECTOR 1.00 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 KURT C PETERSON 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 THOMAS L SAFRAN 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 FRANKLIN E ULF DIRECTOR 1.00 X 0 0 0 WALTER F ULLOA 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 THOMAS R WEINBERGER OFFICER - TREASURER 1.00 X X 0 0 0 ALYCE WILLIAMSON DIRECTOR 1.00 X 0 0 0 ROSALIND W WYMAN DIRECTOR 1.00 X 0 0 0 STEPHEN D ROUNTREE PRESIDENT 35.00 X X 762531 0 93438 WILLIAM G MEYERCHAK SR. VP FINANCE, CFO (UNTIL 12/2013) 35.00 X 245380 0 93916 LISA WHITNEY SR. VP FINANCE, CFO (FROM 1/2014) 35.00 X 172981 0 36980 HOWARD SHERMAN EXECUTIVE VP, COO 35.00 X 322727 0 51943 ELIZABETH KENNEDY VP ADVANCEMENT 35.00 X 274736 0 21460 BRAD BRINKMAN HEAD OF AUDIO 51.00 X 187762 0 47796 ROBERT A RUBY HEAD OF PROPERTY 47.00 X 179890 0 46801 MARK D SLAVKIN VP EDUCATION 35.00 X 174984 0 31421 KEITH P MCTAGUE DIRECTOR, BUILDING SERVICE 40.00 X 168374 0 29577 GARY EARL HEAD OF ELECTRIC 44.00 X 170034 0 44337 2659399 0 497669 40 0 1 0 SODEXHO INC & AFFILIATES PO BOX 43283 LOS ANGELES CA 90088 HOUSEKEEPING 1887879 THE PATINA GROUP 1150 SOUTH OLIVE STREET SUITE TG25 LOS ANGELES CA 90015 CATERING 1210008 A-1 ELECTRIC CO INC 4204 S SEPULVEDA BLVD CULVER CITY CA 90230 ELECTRICAL CONTRACTOR 712346 STAGE ONE FURNITURE & CONSTRUCTION INC 19425 SOLEDAD CYN RD 404 CYN COUNTRY CA 91351 CUSTOM WOODWORK 511403 BALLET THEATRE FOUNDATION INC 890 BROADWAY 3RD FL NEW YORK NY 10003 DANCE COMPANY 459150 42 1060601 89684 9864404 333257 11014689 REIMB. BY LA COUNTY 900099 21542229 21542229 REIMB. BY SUBLICENSEES 900099 5272670 5272670 EDUCATION & OUTREACH 900099 4277532 4277532 FACILITY FEES 900099 3102652 3102652 THEATER RENTS 900099 2884760 2884760 49178 19178 30000 37129021 1517558 1517558 252 252 961 961 538969 0 538969 538969 538969 327642 1268 333257 3790 -5615 -2522 -8137 -8137 0 1060601 241452 -241452 -241452 RESTAURANT & CATERING 900099 1706994 1706994 CONCESSIONS 900099 43244 43244 LOSS ON PARTNERSHIP 900099 -309 -309 28090 27742 348 1778019 51729880 39415970 29691 1269530 761987 761987 123575 123575 2004794 357587 1343806 303401 19193769 16777466 987762 1428541 1092292 1013145 34538 44609 2382430 2129266 108805 144359 1741953 1495728 120496 125729 632057 390467 241590 104874 104874 35076 35076 1946851 1478036 249078 219737 1041501 962670 3656 75175 1496469 828287 313229 354953 112869 85156 17973 9740 11278 11278 204445 169346 11754 23345 143394 45629 85525 12240 1242448 1240650 584 1214 1331809 1279746 32217 19846 1151690 1075278 76412 MAINTENANCE 8387233 8315403 51930 19900 PRODUCTION - ARTIST FEE 2152490 2116770 35720 CAPITAL EQUIPMENT PURCH 1367732 1367732 PRODUCTION RELATED EXPE 1300793 1296334 4459 1734913 1330310 31599 373004 51698722 44651846 3815828 3231048 13983 14437 5324029 5938034 18101235 17285849 2960697 2787038 683133 918292 2689847 1949924 827877 739923 4612615 4898958 21161163 22763041 33662018 36314443 87346750 91660015 7185891 7795170 6531371 6057883 26138209 25726515 1791532 1515646 41647003 41095214 X -3018357 -2056085 14974212 15125820 33743892 37495066 45699747 50564801 87346750 91660015 X 31158 2603875 2230021 X X 0 1 X 1 0 X 9840393 10735450 9052864 10122703 11014689 50766099 5170898 4914440 5145023 5448343 5599677 26278381 15011291 15649890 14197887 15571046 16614366 77044480 2320793 74723687 1800518 1573550 1851022 1752539 2057740 9035369 -45580 35000 102770 30000 30000 152190 1759097 1657619 1716801 1783496 1777980 8694993 94927032 173283588 0.78720 0.81480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2009 AMOUNT: $ 27,998. 2010 AMOUNT: $ 40,124. 2011 AMOUNT: $ 30,545. 2012 AMOUNT: $ 31,558. 2013 AMOUNT: $ 27,742. RESTAURANT CATERING - 2009 AMOUNT: $ 1,633,565. 2010 AMOUNT: $ 1,583,455. 2011 AMOUNT: $ 1,633,144. 2012 AMOUNT: $ 1,704,793. 2013 AMOUNT: $ 1,706,994. CONCESSIONS - 2009 AMOUNT: $ 97,534. 2010 AMOUNT: $ 34,040. 2011 AMOUNT: $ 53,112. 2012 AMOUNT: $ 47,145. 2013 AMOUNT: $ 43,244. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 2511151 1833147 678004 178696 116777 61919 739923 UNITIZED FUND OF INVESTMENTS OPERATED BY MUSIC CENTER FOUNDATION 22763041 F 22763041 BENEFICIAL INTEREST IN TRUST 29882733 CONTRACT ACQUISITION COSTS 6431710 36314443 DUE TO RESIDENT COMPANIES 696093 DEPOSITS 230861 CAPITAL LEASE OBLIGATIONS 484635 BOND INTEREST PAYABLE 104057 1515646 X 62627847 2603875 5599677 2694106 10897658 51730189 -309 -309 51729880 57539851 5599677 241452 5841129 51698722 0 51698722 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, 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 2011 THROUGH 2014 TAX YEARS. THE STATE OF CALIFORNIA INCOME TAX RETURNS STILL OPEN AND SUBJECT TO EXAMINATION ARE ALSO FOR THE 2010 THROUGH 2014 TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTERESTS 2,452,654. SPECIAL EVENTS 241,452. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON PARTNERSHIP -309. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 241,452. X X X X X X X 1 THEATER DIRECT INC 15053 VENTURA BLVD 207 SHERMAN OAKS CA 91403 TELEMARKETING 0 94926 35076 59850 94926 35076 59850 CA 50TH ANNIVERSARY 1060601 1060601 241452 1060601 1060601 241452 241452 -241452 SCHEDULE G, PART II: FUNDRAISING EVENT #1 "50TH ANNIVERSARY" WAS NOT HELD UNTIL AFTER FISCAL YEAR 06/30/14. 1 LOS ANGELES MASTER CHORALE 135 NORTH GRAND AVE LOS ANGELES CA 90012 952315682 501(C) 3 100738 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 198618 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE LOS ANGELES PHILHARMONIC ASSOCIATION 151 SOUTH GRAND AVE LOS ANGELES CA 90012 951696734 501(C) 3 198618 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE CENTER THEATRE GROUP 135 NORTH GRAND AVE LOS ANGELES CA 90012 952466183 501(C) 3 264013 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE AND GRANT 4 0 SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS FOR HIGH SCHOOL PERFORMING AND VISUAL ARTISTS. 127 123575 0 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 600165 0 121952 0 40414 0 45919 0 47519 0 855969 0 0 0 WILLIAM G MEYERCHAK SR. VP FINANCE, CFO (UNTIL 12/2013) 221727 0 0 0 23653 0 76699 0 17217 0 339296 0 0 0 LISA WHITNEY SR. VP FINANCE, CFO (FROM 1/2014) 150100 0 0 0 22881 0 26890 0 10090 0 209961 0 0 0 HOWARD SHERMAN EXECUTIVE VP, COO 299651 0 0 0 23076 0 44561 0 7382 0 374670 0 0 0 ELIZABETH KENNEDY VP ADVANCEMENT 231840 0 25000 0 17896 0 13978 0 7482 0 296196 0 0 0 BRAD BRINKMAN HEAD OF AUDIO 187762 0 0 0 0 0 0 0 47796 0 235558 0 0 0 ROBERT A RUBY HEAD OF PROPERTY 168846 0 0 0 11044 0 0 0 46801 0 226691 0 0 0 MARK D SLAVKIN VP EDUCATION 165955 0 0 0 9029 0 28234 0 3187 0 206405 0 0 0 KEITH P MCTAGUE DIRECTOR, BUILDING SERVICE 168374 0 0 0 0 0 0 0 29577 0 197951 0 0 0 GARY EARL HEAD OF ELECTRIC 151513 0 0 0 18521 0 0 0 44337 0 214371 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. A CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK 630304653 13033WA37 2007-05-23 28473809 RENOVATION OF MARK TAPER FORUM 0 0 0 A 1900000 29465374 1711528 1938956 554390 25215282 85621 2008 0 0 1 1 A 0 1 1 1 0 0.00200 0.00200 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 BONDS. 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 26 333257 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 A, LINE 2 AMBASSADOR LESTER KORN IS MARRIED TO CAROLBETH KORN (BOARD MEMBERS). FORM 990, PART VI, SECTION A, LINE 4 DURING THE TAX YEAR ENDED JUNE 30, 2014 THE ORGANIZATION AMENDED THEIR ARTICLES OF INCORPORATION TO INCLUDE LANGUAGE TO EMPHASIZE THAT THE ORGANIZATION MET THE REQUIREMENTS OF SECTION 214 OF THE CALIFORNIA REVENUE AND TAXATION CODE. 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. SCHEDULE B IS EXCLUDED FROM THE COPIES PROVIDED TO THE FULL BOARD. 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 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 2,452,654. SFAS 158 COMPREHENSIVE INCOME RELATED TO PENSION OBLIGATION -222,942. INCOME/LOSS FROM PARTNERSHIP 309. 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