2014-03-17T16:17:22-05:00 2013-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2012-07-01 952217011 PERFORMING ARTS CENTER OF LOS ANGELES COUNTY PERF 2139727211 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 WILLIAM MEYERCHAK 2139727512 2014-03-11 1 LIOR TEMKIN P00748170 3104773924 2014-03-11 2012 2015-11-30 17:44:51Z LISA WHITNEY 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 51126695 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. 48 47 1188 769 30000 0 9052864 10122703 33186242 37234623 1420818 1277605 1810392 2274202 45470316 50909133 959209 883230 0 0 23929421 25981769 0 44880 3063116 22203172 22498613 47091802 49408492 -1621486 1500641 84751805 87346750 44032364 41647003 40719441 45699747 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 29402650 31710382 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 1.3 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, OVER 1.8 MILLION PEOPLE PASS THROUGH THE PARK TO ENJOY ITS MANY AMENITIES. IN 2012-13, THE PARK'S FIRST YEAR OF OPERATION, PAC PRESENTED 125 FREE OF CHARGE PROGRAMMING EVENTS WHICH ATTRACTED MORE THAN 100,000 PARTICIPANTS. MANY OF THESE EVENTS WERE HELD IN CONJUNCTION WITH OVER 100 COMMUNITY PARTNERS. 11913078 883230 5152045 EDUCATION AND OUTREACHPACLAC 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 2012-13, OUR EDUCATIONAL PROGRAMS SERVED 128 SCHOOLS TOTALING OVER 67,945 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 2012-13, ESTIMATED ATTENDANCE FOR ALL PUBLIC PROGRAMS WAS 30,000.THE MUSIC CENTER SPOTLIGHT AWARDS PROGRAM IS A NATIONALLY-ACCLAIMED RECOGNITION AND SCHOLARSHIP PROGRAM FOR SOUTHERN CALIFORNIA HIGH SCHOOL PERFORMING AND VISUAL ARTISTS. OVER 2,240 HIGH SCHOOL STUDENTS PARTICIPATED IN SPOTLIGHT IN 2012-13 AND $ 89,950 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 2012-13, OVER 74,000 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 2012-13, ACTIVE ARTS SERVED OVER 17,500 PARTICIPANTS IN OVER 50 EVENTS, PROGRAMS, CLASSES AND WORKSHOPS. 1528917 2656271 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 2012-13 CONSISTED OF DEBT SERVICE RELATED TO THE MARK TAPER FORUM RENOVATION, AMORTIZATION OF CONTRACT ACQUISITION COSTS, AND CAPITAL IMPROVEMENTS ACROSS THE MUSIC CENTER CAMPUS. 42844645 1 1 0 1 0 0 0 1 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 1 0 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 1 308 0 1 1188 1 1 1 0 0 0 0 1 1 0 0 0 0 X 48 47 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X X LISA WHITNEY 2139727512 135 NORTH GRAND AVENUE LOS ANGELES CA 900123013 ROBERT J ABERNETHY 1.00 X 0 0 0 WALLIS ANNENBERG 1.00 X 0 0 0 COLLEEN BELL 1.00 X 0 0 0 DAVID BOHNETT 1.00 X 0 0 0 LOUISE HENRY BRYSON 1.00 X 0 0 0 FUNG DER 1.00 X 0 0 0 CRAIG A ELLIS 1.00 X 0 0 0 DAVID GINDLER 1.00 X 0 0 0 BRINDELL GOTTLIEB 1.00 X 0 0 0 WILLIAM HAGELSTEIN 1.00 X 0 0 0 JOYCE HAMEETMAN 1.00 X 0 0 0 DENNIS HAYSBERT 1.00 X 0 0 0 STEPHEN F HINCHLIFFEJR 1.00 X 0 0 0 AMB GLEN A HOLDEN 1.00 X 0 0 0 JANE JELENKO 1.00 X 0 0 0 CAROLBETH KORN 1.00 X 0 0 0 AMB LESTER B KORN 1.00 X 0 0 0 MICHAEL A LAWSON 1.00 X 0 0 0 NIGEL LYTHGOE 1.00 X 0 0 0 MARTIN MASSMAN 1.00 X 0 0 0 PATRICK MCCABE 1.00 X 0 0 0 BOWEN BUZZ MCCOY 1.00 X 0 0 0 MATTIE MCFADDEN LAWSON 1.00 X 0 0 0 ELIZABETH MICHELSON 1.00 X 0 0 0 NEAL MILLARD 1.00 X 0 0 0 CINDY MISCIKOWSKI 1.00 X 0 0 0 SHELBY NOTKIN 1.00 X 0 0 0 MICHAEL PAGANO 1.00 X X 0 0 0 KURT C PETERSON 1.00 X 0 0 0 KAREN KAY PLATT 1.00 X X 0 0 0 BENNETT POZIL 1.00 X 0 0 0 MAX RAMBERG 1.00 X 0 0 0 JOSEPH RICE 1.00 X 0 0 0 RICHARD K ROEDER 1.00 X 0 0 0 THOMAS L SAFRAN 1.00 X 0 0 0 CARLA SANDS 1.00 X 0 0 0 JONI J SMITH 1.00 X 0 0 0 LISA SPECHT 1.00 X X 0 0 0 MARC I STERN 1.00 X 0 0 0 DR CYNTHIA A TELLES 1.00 X 0 0 0 FRANKLIN E ULF 1.00 X 0 0 0 WALTER F ULLOA 1.00 X 0 0 0 TIMOTHY WAHL 1.00 X 0 0 0 SUSAN WEGLEITNER 1.00 X 0 0 0 THOMAS R WEINBERGER 1.00 X X 0 0 0 ALYCE WILLIAMSON 1.00 X 0 0 0 ROSALIND W WYMAN 1.00 X 0 0 0 STEPHEN D ROUNTREE 35.00 X X 740889 0 109398 WILLIAM G MEYERCHAK 35.00 X 238930 0 89250 HOWARD SHERMAN 35.00 X 311454 0 48035 MICHELLE CLARK 35.00 X 256548 0 6289 JUDY SMITH 35.00 X 167107 0 21263 KEITH P MCTAGUE 40.00 X 184688 0 27893 MARK D SLAVKIN 35.00 X 169704 0 28289 THOR STEINGRABER 35.00 X 174406 0 22205 ROBERT A RUBY 58.00 X 170468 0 44447 2414194 0 397069 32 0 1 0 SODEXHO INC & AFFILIATES PO BOX 43283 LOS ANGELES CA 90088 HOUSEKEEPING 1741254 THE PATINA GROUP 1150 SOUTH OLIVE STREET SUITE TG25 LOS ANGELES CA 90015 CATERING 1127277 A-1 ELECTRIC CO INC 4204 S SEPULVEDA BLVD CULVER CITY CA 90230 ELECTRICAL CONTRACTOR 685802 BOLSHOI BALLET 152 WEST 57TH ST 5TH FL NEW YORK NY 10019 DANCE COMPANY 513413 THE NATIONAL BALLET OF CANADA 470 QUEENS QUAY WEST TORONTO CA M5V 3K4 DANCE COMPANY 483903 37 144965 9977738 217241 10122703 REIMB. BY LA COUNTY 900099 19902564 19902564 REIMB. BY SUBLICENSEES 900099 5474604 5474604 FACILITY FEES 900099 4579508 4579508 EDUCATION & OUTREACH 900099 4494404 4494404 THEATER RENTS 900099 2711322 2711322 72221 42221 30000 37234623 1271968 1271968 174 174 5004 5004 475393 0 475393 475393 475393 212025 11000 217241 321 -5216 10679 5463 5463 RESTAURANT & CATERING 900099 1704793 1704793 CONCESSIONS 900099 47145 47145 OTHER INCOME 900099 41867 31558 10309 1793805 50909133 39463512 30000 1292918 793280 793280 89950 89950 1506314 340806 1165508 19362472 16356803 1105206 1900463 992541 915551 27720 49270 2406893 2131070 120039 155784 1713549 1457196 111734 144619 499115 257784 241331 105248 105248 44880 44880 1299436 1082189 97389 119858 1148465 1131160 950 16355 1503876 914878 276546 312452 104395 83070 16742 4583 2093 2093 11831 11831 189358 166896 14876 7586 68682 38102 18177 12403 1266066 1263266 533 2267 1303550 1253697 27995 21858 1115882 1041978 73904 MAINTENANCE 8008920 7950159 49162 9599 PRODUCTION - ARTIST FEE 2104311 2091878 12433 CAPITAL EQUIPMENT PURCH 1270708 1270708 0 0 FOOD & BEVERAGE, CATERI 1152540 1015444 28601 108495 1344137 1184856 19070 140211 49408492 42844645 3500731 3063116 23282 13983 4390004 5324029 17745602 18101235 4757836 2960697 623980 683133 3246453 2418576 924628 827877 4104202 4612615 19226420 21161163 32955851 33662018 84751805 87346750 8072159 7185891 7596590 6531371 26534689 26138209 1828926 1791532 44032364 41647003 X -6201008 -3018357 14318859 14974212 32601590 33743892 40719441 45699747 84751805 87346750 X 1500641 1877543 1602122 X X 0 1 X 1 0 X 27920537 9840393 10735450 9052864 10122703 67671947 5471783 5170898 4914440 5145023 5448343 26150487 33392320 15011291 15649890 14197887 15571046 93822434 2889819 90932615 1733994 1800518 1573550 1851022 1752539 8711623 -45580 35000 102770 30000 122190 2029601 1759097 1657619 1716801 1783496 8946614 111602861 170267606 0.81480 0.81880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTAURANT CATERING CONCESSIONS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 1890 0 0 1890 0 X 0 37700 37700 0 2692827 1914753 778074 515926 466123 49803 827877 UNITIZED FUND OF INVESTMENTS OPERATED BY MUSIC CENTER FOUNDATION 21161163 F 21161163 BENEFICIAL INTEREST IN TRUST 26396981 CONTRACT ACQUISITION COSTS 7265037 33662018 DUE TO RESIDENT COMPANIES 729230 DEPOSITS 289582 CAPITAL LEASE OBLIGATIONS 667296 BOND INTEREST PAYABLE 105424 1791532 X 59179098 1877543 5448343 944079 8269965 50909133 0 50909133 54856835 5448343 5448343 49408492 0 49408492 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013, 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 2010 THROUGH 2013 TAX YEARS. THE STATE OF CALIFORNIA INCOME TAX RETURNS STILL OPEN AND SUBJECT TO EXAMINATION ARE ALSO FOR THE 2009 THROUGH 2013 TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTERESTS 944,079. X X X X X X 0 THEATER DIRECT 15053 VENTURA BLVD 207 SHERMAN OAKS CA 91403 TELEFUNDING 0 103544 44880 63320 103544 44880 63320 CA 1 LOS ANGELES MASTER CHORALE 135 NORTH GRAND AVE LOS ANGELES CA 90012 952315682 501(C) 3 105010 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE LOS ANGELES OPERA COMPANY 135 NORTH GRAND AVE LOS ANGELES CA 90012 952096402 501(C) 3 208073 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE LOS ANGELES PHILHARMONIC ASSOCIATION 151 SOUTH GRAND AVE LOS ANGELES CA 90012 951696734 501(C) 3 208073 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE CENTER THEATRE GROUP 135 NORTH GRAND AVE LOS ANGELES CA 90012 952466183 501(C) 3 272124 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE AND GRANT 4 0 SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS FOR HIGH SCHOOL PERFORMING AND VISUAL ARTISTS. 119 89950 CASH AWARDS PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 582575 0 118400 0 39914 0 44770 0 64628 0 850287 0 0 0 WILLIAM G MEYERCHAK 215668 0 0 0 23262 0 70231 0 19019 0 328180 0 0 0 HOWARD SHERMAN 288816 0 0 0 22638 0 40923 0 7112 0 359489 0 0 0 MICHELLE CLARK 116876 0 0 0 139672 0 5462 0 827 0 262837 0 7154 0 JUDY SMITH 143395 0 0 0 23712 0 6484 0 14779 0 188370 0 0 0 KEITH P MCTAGUE 184688 0 0 0 0 0 0 0 27893 0 212581 0 0 0 MARK D SLAVKIN 160914 0 0 0 8790 0 24602 0 3687 0 197993 0 0 0 THOR STEINGRABER 169470 0 0 0 4936 0 15041 0 7164 0 196611 0 0 0 ROBERT A RUBY 151284 0 0 0 19184 0 0 0 44447 0 214915 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 1490000 29465374 1711532 1938956 554390 25215282 85621 2008 0 0 1 1 A 0 1 1 1 0 0.00200 0.00000 0.00200 0 0 0 A 0 0 1 0 0 0 1 TRINITY FDG CO & DEPFA BANK (SCH O) 1 1 1 A 0 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 III, LINE 9 THE ORGANIZATION IMPLEMENTED REVISED WRITTEN PROCEDURES TO ENSURE ALL NONQUALIFIED BONDS ARE REMEDIATED IN ACCORDANCE WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2 SHORTLY AFTER THE COMPLETION OF THE REPORTING PERIOD APPLICABLE TO THIS FORM. PART IV, LINE 4C TERM OF GIC 1.10 AND 1.30 YEAR PART V THE ORGANIZATION IMPLEMENTED REVISED WRITTEN PROCEDURES TO UNDERTAKE CORRECTIVE ACTION SHORTLY AFTER THE COMPLETION OF THE REPORTING PERIOD TO THIS FORM. X 16 217241 AVG. ON DATE DONATED 0 1 1 THIRD PARTY USE: 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). MICHAEL A. LAWSON IS MARRIED TO MATTIE MCFADDEN-LAWSON (BOARD MEMBERS). FORM 990, PART VI, SECTION A, LINE 4 THE HR COMMITTEE WAS DISSOLVED AND REMOVED FROM THE BY-LAWS. THE DUTIES OF THE HR COMMITTEE CONCERNING COMPENSATION OF VICE-PRESIDENTS WAS TRANSFERRED TO THE EXECUTIVE COMMITTEE. THE DUTIES OF THE HR COMMITTEE CONCERNING MANAGING THE RETIREMENT PLANS WAS TRANSFERRED TO THE REACTIVATED MANAGEMENT COMMITTEE. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS 944,079. SFAS 158 COMPREHENSIVE INCOME RELATED TO PENSION OBLIGATION 658,043. 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