2015-07-14T17:42:34-05:00 2014-08-31 COHNREZNICK LLP 400 CAPITOL MALL SUITE 900 SACRAMENTO CA 958144424 990 2013-09-01 954467830 WALLIS ANNENBERG CENTER FOR THE PERFORMING ARTS % LINDA ROSS C/O WACPA WALL 3012463800 9390 NORTH SANTA MONICA BLVD Suite BEVERLY HILLS CA 90210 Linda Ross FINANCE DIRECTOR 9164429100 2015-07-14 true BETH MULLEN CPA P00226357 9164429100 2013 2016-02-25 16:41:14Z TANIA CAMARGO 40070392 false X WWW.THEWALLIS.ORG X 1994 CA SEE SCHEDULE O 22 22 118 0 0 4221701 27742991 0 0 11417 11556 0 12315845 4233118 40070392 0 0 0 0 1274604 2884647 0 0 2187851 1108252 8145495 2382856 11030142 1850262 29040250 70325807 94341452 22195845 16794031 48129962 77547421 X SEE SCHEDULE O true false 7001728 228749 WITH THE LAUNCHING OF OUR INAUGURAL GALA FOLLOWED BY THE LAUNCH OF THE ARTISTIC SEASON, WE HAVE FOCUSED OUR EFFORTS ON ENGAGING SUBSCRIBERS AND SINGLE TICKET BUYERS, INSTITUTIONAL MARKETING TO CREATE BRAND AWARENESS, BUILDING OUR DONOR BASE FOR THE ANNUAL FUND, AND CONTINUING TO RAISE FUNDS TO CLOSE THE CAPITAL CAMPAIGN. 7001728 true true false false false false false true false true true false false true true false false true false false false false false true true false false false false true false false true false false true true true false false false false false true false false true 86 0 false 118 true false false false false false true true false false false X 22 22 true false false false false false false true true false false true true true true true true true true false CA X LINDA ROSS CO WACPA 3102463800 9390 NORTH SANTA MONICA BLVD BEVERLY HILLS CA 90210 JERRY MAGNIN CHAIRMAN 5.0 X X 0 0 0 RICHARD ROSENZWEIG VICE CHAIR 5.0 X X 0 0 0 VICKI REYNOLDS VICE CHAIR 5.0 X X 0 0 0 ARNOLD ROSENSTEIN VICE CHAIR 5.0 X X 0 0 0 RONALD D ROSEN SECRETARY 5.0 X X 0 0 0 LES BIDER TREASURER 5.0 X X 0 0 0 JOHN BENDHEIM BOARD MEMBER 1.0 X 0 0 0 EUNICE DAVID BOARD MEMBER 1.0 X 0 0 0 SHARON DAVIS BOARD MEMBER 1.0 X 0 0 0 DONNA ELLMAN GARBER BOARD MEMBER 1.0 X 0 0 0 MERALEE GOLDMAN BOARD MEMBER 1.0 X 0 0 0 BRAM GOLDSMITH BOARD MEMBER 1.0 X 0 0 0 BRUCE GOLDSMITH BOARD MEMBER 1.0 X 0 0 0 LINDA MAY BOARD MEMBER 1.0 X 0 0 0 ARIELA SHANI BOARD MEMBER 1.0 X 0 0 0 LUANNE WELLS BOARD MEMBER 1.0 X 0 0 0 WALLIS ANNENBERG BOARD MEMBER 1.0 X 0 0 0 FRED HAYMAN BOARD MEMBER 1.0 X 0 0 0 MICHAEL SMITH BOARD MEMBER 1.0 X 0 0 0 LAUREN LEICHTMAN BOARD MEMBER 1.0 X 0 0 0 SUSAN STRAUSS BOARD MEMBER 1.0 X 0 0 0 JONATHAN VICTOR BOARD MEMBER 1.0 X 0 0 0 LOU MOORE EXECUTIVE DIRECTOR 40.0 X 310763 10868 TANIA CAMARGO MANAGING DIRECTOR 40.0 X 118654 5836 JAMES D'ASARO INTERIM PRODUCING DIRECTOR 40.0 X 109615 11337 RICKA FISHER DEVELOPMENT DIRECTOR 40.0 X 102996 10181 642028 0 38222 4 true true false KNEEHIGH THEATRE TRUST 15 WALSINGHAM PLACE TRURO CORNWAL TR1 2RP UK ARTISTS/PERFORMERS 498808 SAVANT PRODUCTIONS INC 3526 OCEAN VIEW BLVD GLENDALE CA 91208 ARTISTS/PERFORMERS 350013 HOUSTON GRAND OPERA ASSO INC 510 PRESTON ST HOUSTON TX 770021504 ARTISTS/PERFORMERS 180457 LA TIMES MEDIA GROUP INC FILE 54221 LOS ANGELES CA 900744221 NEWSPAPER/ONLINE ADV 123268 SCENIC HIGHLIGHTS 11759 SHELDON STREET SUN VALLEY CA 91352 SCENERY CONSTRUCTION 114415 5 4042155 23700836 27742991 0 11556 11556 0 0 228749 228749 0 228749 0 0 0 0 OTHER INCOME 20646 DEVELOPER FEE 9500000 TICKET SALES 2566450 12087096 40070392 11556 0 0 0 0 204039 122424 81615 0 2290087 1739952 290998 259137 54337 54337 143166 78613 41352 23201 193018 107052 67104 18862 0 55912 729 55183 24703 24703 0 0 0 381463 270955 4508 106000 1681542 1681542 177586 132861 26077 18648 39639 36390 3249 0 2198306 1506877 317054 374375 270072 259026 9049 1997 0 535 535 96629 67640 9663 19326 0 23374 23374 95600 95600 PRODUCTION 761973 761973 GIFT SHOP 971 971 PUBLIC RELATIONS 95819 95819 SPECIAL EVENTS 1356748 27821 2360 1326567 884623 92601 755533 36489 11030142 7001728 1840563 2187851 2127645 527947 0 0 7918274 14989597 712407 0 0 0 0 0 0 0 25953 0 129866 536054 425859 63606 246946 362253 55241845 65243643 0 0 0 0 0 0 3922871 12681958 70325807 94341452 301216 922667 0 0 1104781 98029 0 0 0 0 0 0 20789848 15573939 0 0 0 199396 22195845 16794031 X 36367150 58662225 8262812 15385196 3500000 3500000 48129962 77547421 70325807 94341452 29040250 377209 X false true X true false X 2872237 2660804 8126823 4221701 23824536 41706101 0 0 2872237 2660804 8126823 4221701 23824536 41706101 11072832 30633269 26013 19212 6198 11417 11556 74396 0 0 41780497 0.73320 0.82160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 365150 X false 3744538 354297 4098835 203236 7994434 3621972 122566 3744538 3365099 272846 -15973 3621972 3059134 149254 156711 3365099 2832803 138438 87893 3059134 0.00000 0.89840 0.06280 true 425859 0 63606 362253 362253 FINE ART COLLECTIONS 365150 ENDOWMENTS HELD IN TRUST 3895599 DEVELOPER FEE RECEIVABLE 8421209 12681958 0 RELATED PARTY PAYABLE 199396 199396 X SCHEDULE D, PART V, LINE 4 - INTENDED USES OF ENDOWMENT FUND: THE WALLIS HAS BEEN NOTIFIED IT WILL BE THE RECIPIENT OF PROCEEDS FROM ASSETS HELD IN TRUST WITHIN PERMANENT ENDOWMENTS OF TWO CALIFORNIA PHILANTHROPIC FOUNDATIONS. THE WALLIS HAS NO SAY IN THE RETURN OBJECTIVES, RISK PARAMETERS, OR INVESTMENT STRATEGIES OF THESE ENDOWMENTS HELD IN TRUST. EARNINGS FROM THESE ENDOWMENT FUNDS ARE COMMITTED TO THE OPERATION AND MAINTENANCE OF THE WALLIS, GIVING THE WALLIS ACCESS TO FUTURE PROCEEDS OF 5-10% OF THE NET ASSETS OF THE ENDOWMENT ANNUALLY, SO LONG AS THE ENDOWMENT BALANCES MAINTAINED IN PERMANENTLY RESTRICTED NET ASSETS ARE NOT REDUCED BELOW THE LOWER OF THE COMBINED INITIAL BALANCE OF $3,500,000. THE THEATER AND WILL BE INCLUDED IN TEMPORARILY RESTRICTED NET ASSETS UNTIL THE ANNENBERG IS AN OPERATING PERFORMING ARTS AND CULTURAL FACILITY. SCHEDULE D, PART X, LINE 1 The Wallis is a not-for-profit organization exempt from income taxes under Section 501(c)(3)of the Internal Revenue Code ("IRC") and Section 23101(d) of the Revenue Taxation Code of California and is a publicly supported organization as described in Section 509(a) of the IRC. The Wallis has no provision for income tax included in the accompanying financial statements. The Wallis has no unrecognized tax benefits at August 31, 2013. The Walliss Federal and state income tax returns prior to fiscal year 2011 and 2010, respectively, are closed. Management continually evaluates expiring statues of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. SCHEDULE D, PART III, LINE 4 EMMANUEL FILLION'S EXALTATION WAS SPECIFICALLY COMMISSIONED AND GENUINELY HANDCRAFTED TO CELEBRATE THE OPENING OF WALLIS ANNENBERG CENTER FOR THE PERFORMING ARTS. THE DISTINCTIVE WORK OF ART UNIQUELY REPRESENTS THE EXPRESSIVE SPIRIT OF THE PERFORMING ARTS BY PAYING HOMAGE TO THE WORLD RENOWNED DANCER AND CHOREOGRAPHER, MARTHA GRAHAM. THE SCUPLTURE, IS ON PERMANENT DISPLAY OUTDOORS IN OUR SERENE SCULPTURE GARDEN. X X X X false INAGURAL GALA 4042155 3782155 260000 180537 756739 358835 0 4042155 3782155 260000 180537 756739 358835 1296111 -1036111 X X X X false false false false false false false false false LOU MOORE EXECUTIVE DIRECTOR 235763 75000 10868 321631 RICKA FISHER DEVELOPMENT DIRECTOR 77996 25000 10181 113177 0 BRAM GOLDSMITH SEE PART V SEE DESCRIPTION BELOW false SCHEDULE L, PART IV, LINE 1, COLUMN B: FORMER BOARD CHAIR, BRAM GOLDSMITH, IS THE CHAIR OF THE BOARD OF DIRECTORS OF CITY NATIONAL BANK (CNB). CNB ISSUED THE WALLIS' CONSTRUCTION FINANCING, HOLDS THE INVESTMENT PORTFOLIO, AND PROVIDES THE PRIMARY BANKING RELATIONSHIP OF THE WALLIS. FORM 990, PART I & PART III, LINE 1 - ORGANIZATION MISSION: The Wallis Annenberg Center for the performing arts ("The Wallis") is a California 501(c)(3) not-for-profit corporation dedicated to the preservation and transformation of the historic landmark Beverly Hills Post Office into a vibrant Performing Arts Center with a new adjoining 500-seat theater. The Mission is to provide exceptional theater, dance, music, professional childrens theater, and other arts programming for audiences of all ages and to serve as a major educational, artistic and cultural resource for Beverly Hills and Greater Los Angeles. FORM 990, PART III, LINE 2 - SIGNIFICANT PROGRAM SERVICES: The Wallis officially opened its doors to the public in October 2013 with its Inaugural Gala, followed by the launch of the 2013-2014 artistic season which ran from November 2013 to June 2014. This first season brought in over 40,000 audience members and 4,000 students and educators (mostly from underserved communities throughout Los Angeles) to enjoy a total of 198 performances in theater, music and dance for all ages. As a result, efforts focused on engaging subscribers and single ticket buyers, institutional marketing to create brand awareness, building our donor base for the Annual Fund, and continuing to raise funds to close the capital campaign. FORM 990, PART VI, LINE 2 - BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS, DIRECTORS, ETC.: BOARD MEMBER BRAM GOLDSMITH AND BOARD MEMBER BRUCE GOLDSMITH HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS: Form 990 is prepared by an independent CPA and reviewed and approved by Management and the Audit Committee. Upon final approval, a copy is made available to the full Board of Directors. FORM 990, PART VI, LINE 12C - EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS: THE WALLIS "CONFLICT OF INTEREST POLICY" IS DISTRIBUTED TO ALL BOARD MEMBERS AT THE FIRST BOARD MEETING OF THE FISCAL YEAR. THEY RETURN A SIGNED ACKNOWLEDGMENT STATING THEY HAVE RECEIVED AND UNDERSTAND THE POLICY. DURING THE YEAR, IF A CONFLICT ARISES, THE ISSUE IS BROUGHT TO THE ATTENTION OF EITHER THE CHAIRMAAN OR PRESIDENT. THE ISSUE IS VETTED BY THE EXECUTIVE COMMITTEE AND A MEMBER OF THE COMMITTEE IS APPOINTED TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR Arrangement. AFTER DUE DILIGENCE HAS BEEN EXERCISED, THE COMMITTEE WILL DECIDE, THROUGH A MAJORITY VOTE, IF THE RELATIONSHIP WILL BE ENTERED INTO BY THE WALLIS. FORM 990, PART VI, LINE 15B - COMPENSATION REVIEW & APPROVAL PROCESS FOR OFFICERS & KEY EMPLOYEES: THE BOARD REVIEWS AND APPROVES NEW COMPENSATION OFFERINGS (INCLUDING SALARY AND BENEFITS) AND ANY CHANGES TO COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR. IN SO DOING, THE BOARD HAS DONE THE FOLLOWING TO ENSURE THE COMPENSATION IS REASONABLE: (1) REVIEW HAS BEEN COMPLETED BY AN INDEPENDENT GROUP, WHICH INCLUDES BOARD MEMBERS (WHO RECEIVE NO COMPENSATION FROM THE ORGANIZATION); (2) THE REVIEW USES RELEVANT COMPARABILITY DATA; AND (3) COMPENSATION DECISIONS ARE DOCUMENTED IN OFFICIAL BOARD MEETING MINUTES. THESE PROCEDURES WILL BE APPLIED TO ALL OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, LINE 19 - OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE: FORMS 990 AND 1023 ARE AVAILABLE UPON REQUEST. FORM 990 ALSO BECOMES AVAILABLE UPON THE INTERNET AT GUIDESTAR.ORG. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO EXECUTIVE STAFF AND THE BOARD OF DIRECTORS - UPON REQUEST FROM THE GENERAL PUBLIC, THE ORGANIZATION WILL PROVIDE ACCESS TO THESE DOCUMENTS AS REQUIRED BY LAW. BH PERFORMING ARTS MANAGER LLC 9390 NORTH SANTA MONICA BLVD BEVERLY HILLS CA 90210 462571465 R.E. MANAGEMENT CA WACPA C. 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