2015-02-11T16:54:35-06:00 2012-12-31 330810710 SWENSON ADVISORS LLP 25220 HANCOCK AVE SUITE 240 MURRIETA CA 92562 990 2012-01-01 900126641 NTC FOUNDATION NTCF 6192261490 2825 DEWEY ROAD STE 207 SAN DIEGO CA 92106 CHRIS KIEFER 6192261490 2015-02-03 1 DONALD WATSON P00708143 9514454700 2012 2016-02-25 16:41:14Z X X CHRIS KIEFER 2825 DEWEY ROAD STE 207 SAN DIEGO CA 92106 1783676 0 X WWW.NTCPROMENADE.ORG X 2000 CA TO ACQUIRE, RENOVATE AND PRESERVE THE LAND AND THE FACILITIES OF THE NAVAL TRAINING CENTER "NTC" LOCATED IN THE CITY OF SAN DIEGO, CALIFORNIA, SPECIFICALLY RESTRICTED TO THE PORTION OF THE NTC REFERRED TO AS THE "CIVIC ARTS & CULTURAL CENTER"; AND TO OPERATE THE "CIVIC ARTS & CULTURAL CENTER." 14 14 43 5 0 0 5335556 539139 0 0 291133 312461 2831557 924655 8458246 1776255 0 0 0 0 1406274 1306093 14000 14063 142806 491738 570013 1912012 1890169 6546234 -113914 31812992 31924402 14549670 14774994 17263322 17149408 X TO ACQUIRE, RENOVATE AND PRESERVE THE LAND AND THE FACILITIES OF THE NAVAL TRAINING CENTER "NTC" LOCATED IN THE CITY OF SAN DIEGO, CALIFORNIA, SPECIFICALLY RESTRICTED TO THE PORTION OF THE NTC REFERRED TO AS THE "CIVIC ARTS & CULTURAL CENTER"; AND TO OPERATE THE "CIVIC ARTS & CULTURAL CENTER." 0 0 110471 REHABILITATION OF THE NTC "CIVIC ARTS & CULTURAL CENTER" 429373 LEASING ACTIVITIES RELATED TO THE OPERATION OF THE NTC "CIVIC ARTS & CULTURAL CENTER" 615261 OTHER PROGRAMS RELATED TO THE OPERATION OF THE NTC "CIVIC ARTS & CULTURAL CENTER" 1155105 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 8 0 1 43 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X CHRIS KIEFER 6192261440 2801 ROSECRANS STREET SAN DIEGO CA 92106 ALAN ZITER 40.00 X 127115 0 0 PAMELA HAMILTON-LESTER 30.00 X 67006 0 0 MITCHELL WOODBURY 1.00 X 0 0 0 GORDON SWANSON 1.00 X 0 0 0 JUDY MCDONALD 1.00 X 0 0 0 RADM FRAN HOLIAN USN RET 1.00 X X 0 0 0 ROGER BRENES 1.00 X X 0 0 0 KURT CHILCOTT 1.00 X X 0 0 0 RICHARD OPPER 1.00 X 0 0 0 RICH GUSTAFSON 1.00 X 0 0 0 KEN STIPANOV 1.00 X 0 0 0 RICHARD LEDFORD 1.00 X 0 0 0 LORI FLEET MARTIN 1.00 X 0 0 0 SANDY PERLATTI 1.00 X 0 0 0 OSBORN L HURSTON 1.00 X 0 0 0 HANK KILLMAR 1.00 X 0 0 0 GARY H LONDON 1.00 X 0 0 0 CHRIS KIEFER 40.00 X 103851 0 0 TIMOTHY BOHAN 40.00 X 89484 0 0 387456 0 0 2 0 0 0 0 X 289195 249944 539139 312461 312461 619 7421 -6802 -6802 DEVELOPER FEE 900099 890667 890667 GROSS RENTS 511120 28267 28267 REIMBURSEABLE EXPENSES 900099 7402 7402 5121 5121 931457 1776255 931457 0 305659 X 387456 302605 49655 35196 918637 717460 117729 83448 4636 4636 24291 24291 14063 14063 2994 2994 12084 7534 2219 2331 50238 3261 46349 628 7229 2800 1904 2525 79751 70099 9652 1631 1564 67 1443 293 1150 265995 265995 12771 12771 2193 2193 LIBERTY SCHOOL 30993 30993 STAFF DEVELOPMENT 21980 195 21785 OTHER EVENTS 21959 19865 2094 BANK AND CREDIT CARD SE 21004 21004 8821 4273 4548 1890169 1155105 592258 142806 X 134723 112361 3549887 3550491 3522531 2349547 0 10182 22391067 23630855 4622 1466 187887 153655 16861 34232 835829 835829 1357472 1399439 31812992 31924402 317498 438949 4241610 4458622 9990562 9877423 14549670 14774994 X 10077309 17039693 7186013 109715 17263322 17149408 31812992 31924402 X -113914 0 X X 0 1 X 1 0 X 656964 265471 397843 612910 539139 2472327 313428 2824368 890667 4028463 656964 265471 711271 3437278 1429806 6500790 328090 15000 330082 236373 292627 1202172 0 328090 15000 330082 236373 292627 1202172 5298618 207691 253690 277785 291133 340728 1371027 207691 253690 277785 291133 340728 1371027 5721 5721 864655 519161 989056 3728411 1776255 7877538 0.67260 0.61880 0.17400 0.22840 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: OTHER INCOME CONSITS OF $5,121 OF MISCELLANEOUS REVENUE AND $7,402 OF REIMBURSEABLE EXPENSES. THE AMOUNT ALSO INCLUDES A NET LOSS OF $6,802 FROM A SPECIAL FUNDRAISING EVENT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29193 10415 18778 120392 107699 12693 38302 35541 2761 34232 X 1735076 7421 7421 1727655 48600 48600 1776255 1897590 7421 7421 1890169 0 1890169 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION USES A LOSS CONTINGENCIES APPROACH FOR EVALUATING UNCERTAIN TAX POSITIONS AND CONTINUALLY EVALUATES CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION DID NOT HAVE UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2012 AND 2011 AND DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. IN CONNECTION WITH THE ADOPTION OF THE GUIDANCE PERTAINING TO UNCERTAIN TAX POSITIONS, THE FOUNDATION WILL RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. AS OF DECEMBER 31, 2012 AND 2011, THE FOUNDATION HAD NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 7,421. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTIONS 48,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 7,421. FORM 990, PART I THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE FINANCIAL STATEMENT AUDIT WAS FINAL. THE FOLLOWING CHANGES OCCURED: LINE 11 INCREASED. THE NET TOTAL REVENUE ON LINE 12 INCREASED. FOR EXPENSES, LINE 15 INCREASED AND LINE 17 INCREASED. THE NET TOTAL EXPENSES ON LINE 18 INCREASED. REVENUE LESS EXPENSES ON LINE 19 INCREASED. TOTAL ASSETS ON LINE 20 INCREASED AND TOTAL LIABILITIES ON LINE 21 INCREASED, FOR A TOTAL FUND BALANCE INCREASE ON LINE 22. THE TOTAL INCREASE TO THE FUND BALANCE WAS $6,202. FORM 990, PART III THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: LINE 4A EXPENSES INCREASED; LINE 4B EXPENSES DECREASED AND LINE 4C EXPENSES DECREASED. THE TOTAL PROGRAM SERVICE EXPENSES ON LINE 4E DECREASED. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S GOVERNING BODY REVIEWS AND COMPARES FORM 990 TO ITS IN-HOUSE PREPARED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS WITH CONFLICTS OF INTEREST ARE RECUSED FROM THE DISCUSSIONS OF THE CONFLICTING SUBJECT. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE DETERMINED BY THE BOARD OF DIRECTORS AND/OR THE CEO. FORM 990, PART VI, SECTION C, LINE 19 NTC FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABE TO THE PUBLIC UPON REQUEST AND ON THE WEBSITE WWW.GUIDESTAR.COM. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII ALAN ZITER - 2801 ROSECRANS STREET, SAN DIEGO, CA 92106. PAMELA HAMILTON-LESTER - 2801 ROSECRANS STREET, SAN DIEGO, CA 92106. FORM 990, PART VIII THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: LINE 1E INCREASED AND LINE 1F DECREASED. LINE 11B INCREASED AND AN ADDITIONAL REVENUE ITEM WAS ADDED ON LINE 11C, WHICH MOVED THE ORIGINAL ITEM ON LINE 11C TO LINE 11D. THE TOTAL MISCELLANEOUS REVENUE ON LINE 11E INCREASED, AS DID THE TOTAL REVENUE ON LINE 12. FORM 990, PART IX THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: LINE 5 DECREASED, LINE 7 INCREASED, LINE 12 DECREASED, LINE 13 DECREASED, LINE 16 DECREASED, LINE 20 INCREASED, LINE 24C INCREASED, AND LINE 24E DECREASED. TOTAL FUNCTIONAL EXPENSES ON LINE 25 INCREASED. FORM 990, PART X THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: IN THE ASSET SECTION, LINE 4 INCREASED, AND LINE 7 INCREASED. AS A RESULT, TOTAL ASSETS ON LINE 16 INCREASED. FOR THE LIABILITIES SECTION, LINE 17 INCREASED, LINE 19 INCREASED, AND LINE 23 INCREASED. AS A RESULT, TOTAL LIABILITIES ON LINE 26 INCREASED. IN THE FUND BALANCE SECTION, LINE 27 INCREASED, LINE 28 INCREASED, AND LINE 33 INCREASED. THE TOTAL LIABILITIES AND FUND BALANCE ON LINE 34 INCREASED. FORM 990, PART XII, LINE 2C THE PROCESS FOR THE COMMITTEE'S OVERSIGHT OF THE AUDIT OF THE FOUNDATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDANT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: TOTAL REVENUE ON LINE 1 INCREASED, TOTAL EXPENSES ON LINE 2 INCREASED, AND REVENUE LESS EXPENSES ON LINE 3 INCREASED. NET ASSETS OR FUND BALANCE AT THE END OF THE YEAR ON LINE 10 INCREASED. SCHEDULE A, PART III THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: LINE 10A INCREASED, LINE 10C INCREASED, LINE 12 INCREASED, AND LINE 13 INCREASED. THE PERCENTAGE ON LINE 15 DECREASED AND THE PERCENTAGE ON LINE 17 INCREASED. SCHEDULE D, PART XI THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: TOTAL REVENUE ON LINE 1 INCREASED, RESULTING IN LINE 3 INCREASING. LINE 4B DECREASED, RESULTING IN A NET INCREASE TO TOTAL REVENUE ON LINE 5. SCHEDULE D, PART XII THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: TOTAL EXPENSES ON LINE 1 INCREASED, RESULTING IN AN INCREASE ON LINE 3. TOTAL EXPENSES ON LINE 5 INCREASED. 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