2015-08-20T08:45:03-05:00 2013-06-30 990 2012-07-01 222889703 NEW JERSEY PERFORMING ARTS CENTER CORPORATION NEWJ 9736428989 ONE CENTER STREET NEWARK NJ 07102 JOHN SCHREIBER 9736428989 2014-05-13 false 2015-08-20 2012 2016-04-25 22:37:26Z JOHN SCHREIBER ONE CENTER STREET NEWARK NJ 07102 47491797 false X WWW.NJPAC.ORG X 1988 NJ TO PRESENT THE WORLD'S GREATEST ARTISTS IN THE STATE'S MOST SPECTACULAR SETTING; TO CONVENE ONGOING CIVIC, SOCIAL, CULTURAL AND INTELLECTUAL EXCHANGES; TO ENGAGE NEW JERSEY'S DIVERSE POPULATION; TO ENHANCE AND TRANSFORM THE LIVES OF CHILDREN AND FAMILIES THROUGH ARTS EDUCATION; TO HELP DRIVE NEWARK'S REVITALIZATION. 58 54 580 332 0 8649408 14015139 11537435 14622961 759132 2213078 195892 850737 21141867 31701915 124059 144381 0 12352837 13432924 49000 90671 2132216 18609062 20621750 31134958 34289726 -9993091 -2587811 201342305 204330091 13698554 14169693 187643751 190160398 X TO PRESENT THE WORLD'S GREATEST ARTISTS IN THE STATE'S MOST SPECTACULAR SETTING; TO CONVENE ONGOING CIVIC, SOCIAL, CULTURAL AND INTELLECTUAL EXCHANGES; TO ENGAGE NEW JERSEY'S DIVERSE POPULATION; TO ENHANCE AND TRANSFORM THE LIVES OF CHILDREN AND FAMILIES THROUGH ARTS EDUCATION; TO HELP DRIVE NEWARK'S REVITALIZATION. false false 15565852 13520947 PERFORMANCES AND PERFORMANCE RELATED PROGRAMS PRESENTED 279 PERFORMANCES AND OTHER EVENTS WITH OVER 340,000 PATRONS IN ATTENDANCE.PROGRAMS INCLUDED ORCHESTRA,RECITAL, MUSICAL THEATER,DANCE,POP,VARIETY,JAZZ AND OTHER DISCIPLINES,PERFORMED BY LOCAL,NATIONAL AND INTERNATIONAL ARTISTS. 3251917 144381 1102014 ARTS EDUCATION PROGRAMS CONDUCTED ARTS EDUCATION ACTIVITIES THAT CATER TO THE FULL SPECTRUM OF SCHOOLS' NEEDS AND CHILDREN'S ABILITIES WITH IN-SCHOOL INSTRUCTION THROUGH THE ARTIST-IN-RESIDENCY PROGRAMS, CONSERVATORY-STYLE ARTS TRAINING INITIATIVES FOR TALENTED STUDENTS, PROFESSIONAL DEVELOPMENT FOR EDUCATORS AND LIVE PERFORMANCES THROUGH THE SCHOOLTIME AND FAMILYTIME SERIES. PRESENTED 70 SCHOOLTIME AND FAMILYTIME PERFORMANCES WITH A WIDE VARIETY OF ARTISTS IN MUSIC, DANCE AND THEATER. IN ADDITION,SUPPLEMENTAL WORKSHOPS, LECTURES, CURRICULUM MATERIALS AND COMMUNITY EVENTS WERE HELD. MORE THAN 80,000 CHILDREN, PARENTS, AUDIENCES AND EDUCATORS WERE SERVED BY NJPAC'S ARTS EDUCATION PROGRAMS DURING THE YEAR. 7010742 THEATER OPERATIONS PROVIDED SERVICES FOR THE MANAGEMENT, OPERATION AND MAINTENANCE OF THE ARTS CENTER, PARKING FACILITIES AND THEATER SQUARE PLAZA FOR PUBLIC USE AND ENJOYMENT. 2705345 MARKETING AND PUBLIC AFFAIRS NJPAC KEEPS THE PUBLIC AND THE MEDIA FULLY INFORMED ABOUT ITS PROGRAMS, EVENTS AND EDUCATIONAL ACTIVITIES. REAL ESTATE DEVELOPMENT PLANNING, IMPROVEMENT AND DEVELOPMENT OF OWNED/LEASED REAL ESTATE IN FURTHERANCE OF NJPAC'S MISSION OF DRIVING THE REVITALIZATION OF CITY OF NEWARK. 2705345 28533856 true true false true false false false true false true true true false false true true false true false false true false false true true true false false true true false false false false false false false true true false false false true true true true false false true X 387 0 true 580 true false true false false false true true false false false false X 58 54 true false false false false false false true true false false true true true true true true true true false NJ NY FL PA X X RENE TOVERA 9736428989 ONE CENTER STREET NEWARK NJ 07102 JOHN SCHREIBER 50.00 0.20 X X 671319 0 19954 A MICHAEL LIPPER 1.00 0.10 X 0 0 0 ALLEN I BILDNER 1.00 0.10 X 0 0 0 ANDREW P SIDAMON-ERISTOFF 1.00 0.10 X 0 0 0 ANN D BOROWIEC 1.00 0.10 X 0 0 0 ANN M LIMBERG 1.00 0.10 X 0 0 0 ANNE E ESTABROOK 1.00 0.10 X 0 0 0 ARTHUR F RYAN 1.00 0.10 X 0 0 0 J FLETCHER CREAMER 1.00 0.10 X 0 0 0 BRENDAN P DOUGHER 1.00 0.10 X 0 0 0 BRIAN T BEDOL 1.00 0.10 X 0 0 0 GREGG GERKEN 1.00 0.10 X 0 0 0 JEFFREY S SHERMAN ESQ 1.00 0.10 X 0 0 0 CHRISTINE C GILFILLAN 1.00 0.10 X 0 0 0 CHRISTOPHER J CHRISTIE 1.00 0.10 X 0 0 0 CLIFFORD M SOBEL 1.00 0.10 X 0 0 0 STEPHEN M VAJTAY JR ESQ 1.00 0.10 X 0 0 0 CORY A BOOKER 1.00 0.10 X 0 0 0 DAVID S STONE 1.00 0.10 X 0 0 0 DEBORAH SAGNER 1.00 0.10 X 0 0 0 DANIEL BLOOMFIELD 1.00 0.10 X 0 0 0 DONALD A ROBINSON 1.00 0.10 X X 0 0 0 THOMAS J MARINO 1.00 0.10 X 0 0 0 HAROLD MORRISON 1.00 0.10 X 0 0 0 LINDA A WILLETT 1.00 0.10 X 0 0 0 JOHN R STRANGFELD JR 1.00 0.10 X X 0 0 0 JOSEPH N DIVINCENZO JR 1.00 0.10 X 0 0 0 JOSH S WESTON 1.00 0.10 X 0 0 0 JUDITH JAMISON 1.00 0.10 X 0 0 0 KIMBERLY GUADAGNO 1.00 0.10 X 0 0 0 LAWRENCE E BATHGATE 1.00 0.10 X 0 0 0 PATRICK C DUNICAN 1.00 0.10 X 0 0 0 LEONARD LIEBERMAN 1.00 0.10 X 0 0 0 LUCIA DINAPOLI GIBBONS 1.00 0.10 X 0 0 0 JAMES L BILDNER 1.00 0.10 X 0 0 0 MARC E BERSON 1.00 0.10 X X 0 0 0 MARC H MORIAL 1.00 0.10 X 0 0 0 PHILIP RSELLINGER 1.00 0.10 X 0 0 0 MICHAEL A TANENBAUM 1.00 0.10 X 0 0 0 MICHAEL R GRIFFINGER 1.00 0.10 X X 0 0 0 N LYNNE HUGHES 1.00 0.10 X 0 0 0 NINA M WELLS 1.00 0.10 X 0 0 0 PAT A DIFILIPPO 1.00 0.10 X 0 0 0 PERCY CHUBB III 1.00 0.10 X 0 0 0 RALPH A LAROSSA 1.00 0.10 X 0 0 0 RAYMOND G CHAMBERS 1.00 0.10 X 0 0 0 ROBERT C WAGGONER 1.00 0.10 X 0 0 0 SAVION GLOVER 1.00 0.10 X 0 0 0 ELIZABETH A MATTSON 1.00 0.10 X 0 0 0 JOSEPH M TAYLOR 1.00 0.10 X 0 0 0 STEVEN E GROSS 1.00 0.10 X 0 0 0 STEVEN M GOLDMAN 1.00 0.10 X X 0 0 0 SUSAN N SOBBOTT 1.00 0.10 X 0 0 0 THOMAS H KEAN 1.00 0.10 X 0 0 0 THOMAS M O'FLYNN 1.00 0.10 X 0 0 0 VERONICA M GOLDBERG 1.00 0.10 X 0 0 0 VICTOR PARSONNET 1.00 0.10 X 0 0 0 WILLIAM J MARINO 1.00 0.10 X X 0 0 0 LAWRENCE P GOLDMAN 50.00 X 431960 0 32571 BARBARA ARBESFELD 50.00 0.10 X 310306 0 27482 PETER HANSEN 50.00 0.10 X 250254 0 19596 DAVID RODRIGUEZ 50.00 0.10 X 213164 0 14073 WARREN TRANQUADA 50.00 0.20 X 196762 0 7145 JEFFREY NORMAN 50.00 0.10 X 174603 0 7077 DIETLINDE WISNIEWSKI 50.00 0.10 X 150240 0 12513 ROSS RICHARDS 50.00 0.10 X 142599 0 16579 AUSTIN CLEARY 50.00 0.10 X 136472 0 10240 SANDRA BOWIE 50.00 0.10 X 119844 0 8366 RENATO TOVERA 50.00 0.50 X 110512 0 20089 CHAD SPIES 50.00 0.10 X 101906 0 18455 DIANE LEBRON 50.00 0.10 X 87057 0 19030 SANAZ HOJREH 50.00 0.10 X 84303 0 8675 DONNA WALKER-KUHNE - HIRED 1012 50.00 0.10 X 25603 0 9350 LAURIE CARTER - HIRED 0413 50.00 0.10 X 0 0 0 ALISON SCOTT-WILLIAMS - HIRED 0513 50.00 0.10 X 0 0 0 WILLIAM WORMAN 60.00 X 125416 0 25561 ERNEST DIROCCO 50.00 0.10 X 122327 0 18023 DWAYNE PLOKHOOY 57.00 X 120001 0 24528 MARY JAFFA 50.00 0.10 X 114613 0 4606 MARIO CORRALES 62.00 X 114233 0 23076 STEPHANIE HUGHLEY X 108200 0 0 3911694 346989 22 true true false CULINAIRE INTERNATIONAL 2100 ROSS AVE DALLAS TX 75201 CATERING 623811 GATEWAY SECURITY INC 604 MARKET STREET NEWARK NJ 07105 SECURITY 570487 ISS FACILTY SERVICES INC 81 DORSA AVENUE LIVINGSTON NJ 07039 JANITORIAL 541927 JL MEDIA 1600 ROUTE 22 UNION NJ 07083 ADVERTISING 517915 TONIGHT TOURING LP 1560 BROADWAY NEW YORK NY 10036 ARTIST 410944 41 1547901 45469 1105433 11316336 134984 14015139 PERFORMANCE RELATED 711110 13520947 13520947 ARTS EDUCATION REVENUE 711110 1102014 1102014 14622961 1727465 1727465 1144186 956847 187339 187339 187339 14655720 14170107 485613 485613 485613 301875 1547901 661684 -359809 -359809 48800 1244 47556 47556 PARKING SERVICES 711110 415642 415642 FOOD SERVICES 711110 367378 367378 MISCELLANEOUS 711110 192631 192631 975651 31701915 14622961 3063815 144381 144381 3524231 1585463 1504617 434151 7428486 5994161 738205 696120 62164 41430 11689 9045 1253584 1105048 61643 86893 1164459 861489 190629 112341 144264 112714 31550 115653 115653 12897 12897 90671 90671 1712684 1412110 203800 96774 2609068 2403941 18310 186817 522360 362595 65986 93779 2521198 2504505 12875 3818 197719 169298 21130 7291 360303 265828 43606 50869 160570 44611 115338 621 4257398 4022815 120910 113673 454935 454935 ARTIST & PERFORMER FEES 5302527 5295926 4551 2050 PARKING OPERATIONS 685955 685955 PRODUCTION COSTS 534259 507919 26025 315 CREDIT CARD/TM FEES 353162 333715 193 19254 676798 225017 324047 127734 34289726 28533856 3623654 2132216 125861 1578393 36802 107323 10058105 10672311 1152769 1167257 1001025 1105274 187304198 62642297 127828059 124661901 46597719 51731911 14541965 13305721 201342305 204330091 3577707 3782262 2357531 2352830 5025000 6104001 2347904 1247291 390412 683309 13698554 14169693 X 114975044 114873109 10749811 13329388 61918896 61957901 187643751 190160398 201342305 204330091 -2587811 5104458 X false true X true false X 27176452 12176706 9989665 8649408 14015139 72007370 27176452 12176706 9989665 8649408 14015139 72007370 14339206 57668164 3716255 2339960 3002990 2716520 2871651 14647376 1067806 838677 863172 824873 975651 4570179 91224925 56661728 0.63220 0.66940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 46987 false false 46987 false SCHEDULE C, PART II-B, LINE 1 LOBBYING ACTIVITIES CONSISTED OF NJPAC AUTHORIZED REPRESENTATIVES CONTACTING NJ STATE LEGISLATORS AND THEIR STAFF TO PRESENT NJPAC'S POSITION ON A CERTAIN LEGISLATIVE MATTER IMPACTING NJPAC. 129221 X false 61463227 984 7313323 2814531 65963003 65786292 -239105 -1463482 2620478 61463227 57336855 788404 10136798 2475765 65786292 53714417 -264720 6276618 2389460 57336855 0.94000 0.06000 false false 174094300 52822678 121271622 13209898 9819619 3390279 124661901 HEDGE FUNDS/ALTERNATIVE INVESTMENTS 6044965 F RECEIVABLE FROM SECURITIES SOLD 3936288 F PRIVATE EQUITY LIMITED PARTNERSHIP 3324468 F 13305721 ASSET RETIREMENT OBLIGATION 352973 CAPITAL LEASE LIABILITY 233618 FUNDS HELD FOR OTHERS 74360 ESTIMATED GIFT ANNUITY LIABILITY 22358 683309 X 37214860 5104458 340998 67489 5512945 31701915 31701915 34630724 340998 340998 34289726 34289726 COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCHEDULE D, PAGE 2, PART III, LINE 4 ART COLLECTIONS ARE PRIMARILY AFRICAN ARTIFACTS. THESE ARE EXHIBITED AT NJPAC FOR THE PUBLIC'S ENJOYMENT FREE OF CHARGE. INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUND REVENUE IS USED FOR GENERAL OPERATING SUPPORT UNLESS RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED. true CENTRAL AMERICA AND THE CARRIBEAN INVESTMENTS 3936288 3936288 false false true true false false ACTIVITIES PER REGION SCHEDULE F, PAGE 1, PART I, LINE 3 CENTRAL AMERICA AND THE CARRIBEAN 0 3,936,288 ADDITIONAL INFORMATION SCHEDULE F, PAGE 5, PART V PART I, LINE 3, COLUMN F METHOD OF VALUATION OF INVESTMENTS - FAIR MARKET VALUE X X X X X X X true THE AVALON CONSULTING GROUP 2031 M STREET NW WASHINGTON DC 20036 DIRECT MAI false 540592 81000 459592 EVERGREEN PARTNERS INC 51 MOUNT BETHEL RD WARREN NJ 07059 SPECIAL EV false 1898576 64000 1834576 2439168 145000 2294168 NJ NY FL PA ANNUAL GALA 1849776 1547901 301875 14230 247468 107507 292479 1849776 1547901 301875 14230 247468 107507 292479 661684 -359809 false false 48800 1244 false 48800 1244 1244 47556 NJ true false false false 1.00000 RENE TOVERA ONE CENTER STREET NEWARK NJ 07102 false WARREN TRANQUADA 450 OVERALL MANAGEMENT X false FUNDRAISING VS REIMBURSEMENT EXPLANATION SCHEDULE G PAGE 1 PART I LINE 2B COLUMN V THE AVALON CONSULTING GROUP FIXED RETAINER FEE PLUS ACTUAL REIMBURSABLE EXPENSES EVERGREEN PARTNERS INC FIXED RETAINER FEE PLUS ACTUAL REIMBURSABLE EXPENSES true THE STAR-LEDGER SCHOLARSHIPS 12 95200 THE JEFFREY CAROLLO MUSIC SCHOLARSHIPS 12 20196 THE MCJ BERKLEE COLLEGE OF MUSIC SCHOLARSHIPS 5 28985 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 THE STAR LEDGER SCHOLARSHIP PROGRAM IS DESIGNED TO PROVIDE HIGHER EDUCATION OPPORTUNITIES FOR YOUNG PEOPLE IN NEWARK. THIS PROGRAM ENABLES NJPAC TO IDENTIFY, CULTIVATE AND TRAIN GIFTED COLLEGE-BOUND NEWARK HIGH SCHOOL SENIORS WHO DEMONSTRATE THE POTENTIAL TO BECOME LEADING ARTS PROFESSIONALS. THE SCHOLARSHIPS SUPPORT A 4-YEAR EDUCATION LEADING TO THE COMPLETION OF A DEGREE FROM AN ACCREDITED UNDERGRADUATE INSTITUTION. THE SCHOLARSHIPS ALSO PROVIDE THE OPPORTUNITY TO GAIN PRACTICAL EXPERIENCE THROUGH INTERNSHIPS AT NJPAC. THE JEFFREY CAROLLO MUSIC SCHOLARSHIP PROGRAM PROVIDES COMPREHENSIVE TRAINING FOR SELECTED STUDENTS THROUGH THE MUSIC PROGRAMS AT THE NEWARK SCHOOL OF THE ARTS (NSA). NSA IS A COMMUNITY-BASED ORGANIZATION COMMITTED TO PROVIDING ACCESS TO SEQUENTIAL, COMPREHENSIVE ARTS EDUCATION AND PERFORMANCE ACTIVITIES. MCJ-AMELIOR FOUNDATION SPONSORED FIVE FULL SCHOLARSHIPS TO THE 2012 BERKLEE FIVE-WEEK SUMMER PERFORMANCE PROGRAM. SCHOLARS WERE CHOSEN THROUGH FACULTY RECOMMENDATION AND AUDITIONS. THE SCHOLARS JOINED APPROXIMATELY 900 PARTICIPANTS FROM THE US AND 60 OTHER COUNTRIES TO SHARE IN A PREMIERE CONTEMPORARY MUSIC SUMMER PROGRAM FOR YOUNG MUSICIANS WITH WORLD-CLASS BERKLEE FACULTY, VISITING ARTISTS AND STATE-OF-THE ART FACILITIES. CANDIDATES MUST AUDITION AT THE NJPAC'S ANNUAL YOUNG ARTIST TALENT SEARCH. AUDITIONEERS ARE EVALUATED ON TECHNICAL ABILITY AND ARTISTIC INTERPRETATION BY AN AUDITION COMMITTEE AND SCHOLARSHIP ADVISORY COMMITTEE. THE STARLEDGER SCHOLARSHIP GRANTS ARE PAID DIRECTLY TO THE SCHOOL BY NJPAC UP TO THE GRANT AMOUNT. IN CASES WHERE THE GRANT EXCEEDS THE TUITION DUE, IT IS PAID TO THE STUDENT TO COVER OTHER EDUCATIONAL EXPENSES FOR THE TERM. ALL SCHOLARSHIP PAYMENTS ARE CONTINGENT ON VERIFICATION OF ENROLLMENT EACH SEMESTER. X true true X X X X X true false false false false false false true false JOHN SCHREIBER 537767 131230 2322 6868 13086 691273 LAWRENCE P GOLDMAN 260102 165000 6858 8137 24434 464531 BARBARA ARBESFELD 245740 61002 3564 6702 20780 337788 PETER HANSEN 183534 64398 2322 1403 18193 269850 DAVID RODRIGUEZ 211922 1242 6786 7287 227237 WARREN TRANQUADA 168582 27689 491 4840 2305 203907 JEFFREY NORMAN 130264 42600 1739 1534 5543 181680 DIETLINDE WISNIEWSKI 143253 5000 1987 4415 8098 162753 ROSS RICHARDS 118573 23438 588 3863 12716 159178 WILLIAM WORMAN 125416 11287 14274 150977 STEPHANIE HUGHLEY 108200 108200 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A TAX INDEMNIFICATION AND GROSS-UP PAYMENTS AN OFFICER IS REIMBURSED FOR THE COST OF OBTAINING SUPPLEMENTAL INSURANCE AS PROVIDED IN THE EMPLOYMENT CONTRACT. THE REIMBURSEMENT PAYMENT IS GROSSED-UP TO ACCOUNT FOR THE ADDITIONAL TAX COST OF RECEIVING THIS BENEFIT. THE GROSSED-UP AMOUNT IS REPORTED AS TAXABLE INCOME IN THE OFFICER'S W-2. SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 STEPHANIE HUGHLEY 98,200 0 0 NON-FIXED PAYMENTS PROVIDED SCHEDULE J, PAGE 1, PART I, LINE 7 A VARIABLE PORTION OF THE COMPENSATION OF CERTAIN OFFICERS IS "AT RISK." A TARGET AMOUNT FOR THIS VARIABLE COMPENSATION IS SET FOR EACH OFFICER WHICH IS A PERCENTAGE OF SALARY BASED ON LEVEL OF POSITION. PURSUANT TO NJPAC POLICY AS REVIEWED AND APPROVED BY THE HUMAN RESOURCES COMMITTEE OF THE BOARD, PAYMENT OF UP TO THE TARGET AMOUNT IS DETERMINED BASED ON THE OFFICER'S ANNUAL PERFORMANCE REVIEW. OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III OFFICERS, DIRECTORS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES THE COMPENSATION AND BENEFITS OF LAWRENCE P. GOLDMAN INCLUDED INCENTIVE COMPENSATION OF 165,000 FOR HIS SERVICES AS NJPAC PRESIDENT AND CEO FOR THE FISCAL YEAR ENDED JUNE 30, 2011. THIS WAS PAID IN JANUARY 2012 AND AS SUCH, WAS REPORTED IN HIS 2012 FORM W-2. HORIZON BLUE CROSS BLUE SHIELD OF N BD MEM WILLETT 778728 HEALTH INSURANCE false PUBLIC SERVICE ELECTRIC GAS BD MEM LAROSSA 441348 ELECTRIC SERVICE false CHUBB INSURANCE COMPANY BD MEM MORRISON 311558 PROPERTY INSURANCE false X 8 134984 FAIR MARKET VALUE false true false SUPPLEMENTAL INFORMATION SCHEDULE M, PAGE 2, PART II PART 1, LINE 9, COLUMN B - NUMBER OF CONTRIBUTIONS OR ITEMS INCLUDED THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION TO PRESENT THE WORLD'S GREATEST ARTISTS IN THE STATE'S MOST SPECTACULAR SETTING; TO CONVENE ONGOING CIVIC, SOCIAL, CULTURAL AND INTELLECTUAL EXCHANGES; TO ENGAGE NEW JERSEY'S DIVERSE POPULATION; TO ENHANCE AND TRANSFORM THE LIVES OF CHILDREN AND FAMILIES THROUGH ARTS EDUCATION; TO HELP DRIVE NEWARK'S REVITALIZATION. ADDITIONAL INFORMATION FORM 990 PART 1, LINE 19 - REVENUE LESS EXPENSES LINE 19 SHOWS A REDUCTION IN NET ASSETS OF 2,587,811 IN THE CURRENT YEAR, AND 9,993,091 IN THE PRIOR YEAR. THIS SHOULD NOT BE INTERPRETED AS NET OPERATING LOSS. THE FOLLOWING CLARIFIES THE COMPONENTS OF THE REDUCTION IN NET ASSETS: CURRENT YEAR - (2,587,811) NET OPERATING INCOME - 0 DEPRECIATION AND OTHER BUILDING FUND CHARGES - (2,959,557) REAL ESTATE PRE-DEVELOPMENT - (787,107) INTEREST & REALIZED GAIN ON ENDOWMENT - 2,208,977 NET USE OF TEMPORARILY AND OTHER RESTRICTED FUNDS - (1,050,124) - PRIOR YEAR - (9,993.091) NET OPERATING INCOME - 0 DEPRECIATION AND OTHER BUILDING FUND CHARGES - (3,239,916) REAL ESTATE PRE-DEVELOPMENT - (899,906) INTEREST & REALIZED GAIN ON ENDOWMENT - 754,656 NET USE OF TEMPORARILY AND OTHER RESTRICTED FUNDS - (6,607,925) - THE USE OF TEMPORARILY AND OTHER RESTRICTED FUNDS PRIMARILY REFLECTS EXPENDITURES MADE AGAINST MULTI-YEAR PLEDGES THAT WERE REPORTED AS REVENUE IN PRIOR YEARS. - PART I, LINE 5 - NUMBER OF EMPLOYEES IN ACCORDANCE WITH IRS GUIDELINES, THE NUMBER OF EMPLOYEES WAS REPORTED AT 580 BASED ON THE FORM W-3, TRANSMITTAL OF WAGE AND TAX STATEMENTS FOR 2012. THIS INCLUDED ANY AND ALL EMPLOYEES WHO GOT PAID DURING 2012. THE NUMBER OF FULL-TIME AND PART-TIME EMPLOYEES OF NJPAC AS OF THE LAST PAYDATE IN DECEMBER 2012 WAS 291. ALL OTHER ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D MARKETING AND PUBLIC AFFAIRS NJPAC KEEPS THE PUBLIC AND THE MEDIA FULLY INFORMED ABOUT ITS PROGRAMS, EVENTS AND EDUCATIONAL ACTIVITIES. REAL ESTATE DEVELOPMENT PLANNING, IMPROVEMENT AND DEVELOPMENT OF OWNED/LEASED REAL ESTATE IN FURTHERANCE OF NJPAC'S MISSION OF DRIVING THE REVITALIZATION OF CITY OF NEWARK. FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES FORM 990, PART V, LINE 4B NETHERLANDS ANTILLES, CAYMAN ISLANDS RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 MARC E. BERSON GREGG N. GERKEN DIRECTOR DIRECTOR BUSINESS RELATIONSHIP MARC E. BERSON CLFFORD M. SOBEL DIRECTOR DIRECTOR BUSINESS RELATIONSHIP MARC E. BERSON DAVID S. STONE DIRECTOR DIRECTOR BUSINESS RELATIONSHIP RAYMOND G. CHAMBERS ALLEN I. BILDNER DIRECTOR DIRECTOR BUSINESS RELATIONSHIP RAYMOND G. CHAMBERS LAWRENCE P. BATHGATE II DIRECTOR DIRECTOR BUSINESS RELATIONSHIP RAYMOND G. CHAMBERS CHRISTINE C. GILFILLAN DIRECTOR DIRECTOR FAMILY RELATIONSHIP RAYMOND G. CHAMBERS ARTHUR F. RYAN DIRECTOR DIRECTOR BUSINESS RELATIONSHIP RAYMOND G. CHAMBERS CLIFFORD M. SOBEL DIRECTOR DIRECTOR BUSINESS RELATIONSHIP JAMES L. BILDNER ALLEN I. BILDNER DIRECTOR DIRECTOR FAMILY RELATIONSHIP ROSS RICHARDS SANAZ HOJREH OFFICER OFFICER FAMILY RELATIONSHIP ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PREPARED INTERNALLY BY THE FINANCE DEPARTMENT. THE DRAFT FORM 990 IS REVIEWED BY KPMG, AN INDEPENDENT ACCOUNTING FIRM. THE AUDIT COMMITTEE THEN REVIEWS AND APPROVES THE FINAL 990 IN A MEETING ATTENDED BY COMMITTEE MEMBERS, NJPAC MANAGEMENT AND INDEPENDENT ACCOUNTANTS. AFTER APPROVAL, A COMPLETE COPY OF THE 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW. THE AUDIT COMMITTEE CHAIR, CHIEF FINANCIAL OFFICER AND THE INDEPENDENT ACCOUNTANTS MAKE THEMSELVES AVAILABLE FOR QUESTIONS PRIOR TO THE FILING OF THE RETURN WITH THE IRS. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES COMPLETE AN ANNUAL QUESTIONNAIRE TO DISCLOSE POTENTIAL CONFLICTS. THE QUESTIONNAIRE INCLUDES KEY DEFINITIONS AND EXAMPLES. IN ADDITION, THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH OFFICERS, DIRECTORS AND KEY EMPLOYEES AND THE SAME ARE REGULARLY REMINDED TO DISCLOSE ANY CHANGES. FOR ALL ACTUAL AND POTENTIAL CONFLICTS THAT ARE IDENTIFIED BY NJPAC MANAGEMENT, THE AFFECTED PERSON IS REQUIRED TO RECUSE HIMSELF OR HERSELF FROM ALL TRANSACTIONS, DELIBERATIONS, NEGOTIATIONS AND OTHER MATTERS RELATING TO SUCH INTEREST. NEW OFFICERS, DIRECTORS AND KEY EMPLOYEES UNDERGO AN ORIENTATION WHICH INCLUDES A REVIEW OF THE CONFLICT OF INTEREST POLICY. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE HUMAN RESOURCES COMMITTEE ANNUALLY ENGAGES AN INDEPENDENT CONSULTANT TO PROVIDE COMPARABILITY DATA FOR ALL VICE PRESIDENT LEVEL AND ABOVE OFFICERS. THE CONSULTANT ADVISES THE COMMITTEE ON THE REASONABLENESS OF CURRENT COMPENSATION. THE PRESIDENT AND CEO ADVISES THE COMMITTEE ON ACTIONS IMPACTING THE COMPENSATION OF VICE PRESIDENTS. THE EMPLOYMENT CONTRACTS FOR THE PRESIDENT AND CEO, EXECUTIVE VICE PRESIDENT AND COO, VICE PRESIDENT OF DEVELOPMENT, AND PRESIDENT OF THEATER SQUARE DEVELOPMENT COMPANY ARE REVIEWED BY THE COMMITTEE AND THE CONSULTANT. THE HUMAN RESOURCES COMMITTEE CHAIR RECOMMENDS THE CONTRACTS AND AT-RISK COMPENSATION FOR THE PRESIDENT AND CEO TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR REVIEW AND APPROVAL. THE BOARD OF DIRECTORS IS INFORMED OF THE NATURE OF THE PROCESS AND MAY REQUEST ADDITIONAL INFORMATION FROM THE HUMAN RESOURCES COMMITTEE CHAIR. THE DELIBERATIONS AND DECISION OF THE HUMAN RESOURCES COMMITTEE ARE DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES. THE MINUTES ARE SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD AND ARE ALSO DOCUMENTED IN THE MINUTES. NO INDIVIDUALS WHO HAVE A CONFLICT OF INTEREST MAY BE INVOLVED IN THE COMPENSATION REVIEW, DISCUSSIONS AND DECISIONS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE HUMAN RESOURCES COMMITTEE ANNUALLY ENGAGES AN INDEPENDENT CONSULTANT TO PROVIDE COMPARABILITY DATA FOR ALL VICE PRESIDENT LEVEL AND ABOVE OFFICERS. THE PRESIDENT AND CEO ADVISES THE COMMITTEE ON ACTIONS IMPACTING THE COMPENSATION OF VICE PRESIDENTS. THE VICE PRESIDENTS RECOMMEND THE COMPENSATION OF THEIR RESPECTIVE ASSISTANT VICE PRESIDENTS AND KEY EMPLOYEES BASED ON ANNUAL PERFORMANCE REVIEWS AND IN COMPLIANCE WITH COMPENSATION POLICY SET FOR THE ORGANIZATION. THE REVIEW IS CONTEMPORANEOUSLY DOCUMENTED. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 NJPAC PUBLISHES AN ANNUAL REPORT TO THE COMMUNITY WHICH INCLUDES FINANCIAL STATEMENT HIGHLIGHTS. THIS REPORT IS DISTRIBUTED TO KEY STAKEHOLDERS AND IS AVAILABLE ON ITS WEBSITE - WWW.NJPAC.ORG. NJPAC'S CONFLICT OF INTEREST POLICY, FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE BOARD OF DIRECTORS AND ARE AVAILABLE TO THE GENERAL PUBLIC ON REQUEST. FORM 990 AND AUDIT ARE ALSO AVAILABLE ON ITS WEBSITE AND 990 ONLY ON GUIDESTAR. THEATER SQUARE DEVELOPMENT COMPANY ONE CENTER STREET NEWARK NJ 07102 611674276 R/ESTATE NJ NJPAC THE ARTS EDUCATION ENDOWMENT FUND ONE CENTER STREET NEWARK NJ 07102 223196074 SUPPORTNG NJ 501C3 11A NJPAC true NJ CTR FOR PERFORMING ARTS DEV CORP NJ CTR FOR PERFORMING ARTS DEV CORP ONE CENTER STREET NEWARK NJ 07102 222049475 R/ ESTATE NJ NJPAC C CORP 1.00000 true false false true false false false false false false false false false false true true true true false false THE ARTS EDUCATION ENDOWMENT FUND C 45469 5 OF ENDOWMENT VALUE