2014-07-15T19:02:35-05:00 2013-08-31 COHNREZNICK LLP 400 CAPITOL MALL SUITE 900 SACRAMENTO CA 958144424 990 2012-09-01 954467830 WALLIS ANNENBERG CENTER FOR THE PERFORMING ARTS % GERRI GRAHAM C/O WACPA WALL 3012463800 9390 NORTH SANTA MONICA BLVD Suite BEVERLY HILLS CA 90210 Jerry Magnin 9164429100 2014-07-15 true BETH MULLEN CPA 9164429100 2012 2015-11-30 17:44:51Z X LOU MOORE 9390 NORTH SANTA MONICA BLVD BEVERLY HILLS CA 90210 4233118 false X WWW.THEWALLIS.ORG X 1994 CA SEE SCHEDULE O 28 28 18 28 0 8126823 4221701 77508 0 6198 11417 0 0 8210529 4233118 0 0 0 0 889356 1274604 0 0 290920 1200004 1108252 2089360 2382856 6121169 1850262 49082514 70325807 2915644 22195845 46166870 48129962 X SEE SCHEDULE O false false 1612806 0 11417 The Wallis Annenberg Center for the Performing Arts continued construction and rehabilitation of the performing arts center that is scheduled for completion in October 2013. Efforts continue to focus on raising funds from individuals and foundations for the building and operations alongside planning artistic programming for the upcoming inaugural season scheduled to begin in October 2013. 1612806 true true false false false false false true false true true false false true false false false true false false false false false false false false false false false true false false false false false true false false false false false false false true false false false true 75 0 true 18 true false false false false false false false false false false X 28 28 true false false false false false false true true false false true true true true true true true true false CA X GERRI GRAHAM CO WACPA 3102463800 9390 NORTH SANTA MONICA BLVD BEVERLY HILLS CA 90210 JERRY MAGNIN 1.0 X X 0 0 0 RICHARD ROSENZWEIG 1.0 X X 0 0 0 VICKI REYNOLDS 1.0 X X 0 0 0 ARNOLD ROSENSTEIN 1.0 X X 0 0 0 RONALD D ROSEN 1.0 X X 0 0 0 SUSAN STRAUSS 1.0 X X 0 0 0 LES BIDER 1.0 X X 0 0 0 JONATHAN VICTOR 1.0 X X 0 0 0 WALLIS ANNENBERG 1.0 X 0 0 0 JOHN BENDHEIM 1.0 X 0 0 0 EUNICE DAVID 1.0 X 0 0 0 SHARON DAVIS 1.0 X 0 0 0 DONNA WLLMAN GARBER 1.0 X 0 0 0 MERALEE GOLDMAN 1.0 X 0 0 0 BRAM GOLDSMITH 1.0 X 0 0 0 FRED HAYMAN 1.0 X 0 0 0 LAURIE KONHEIM 1.0 X 0 0 0 LAUREN LEICHTMAN 1.0 X 0 0 0 LINDA MAY 1.0 X 0 0 0 PAUL SELWYN 1.0 X 0 0 0 ARIELA SHANI 1.0 X 0 0 0 MICHAEL SMITH 1.0 X 0 0 0 LUANNE WELLS 1.0 X 0 0 0 BRUCE GOLDSMITH 1.0 X 0 0 ALI KASIKCI 1.0 X 0 0 KRIS LEVINE 1.0 X 0 0 RICHARD LICHTENSTEIN 1.0 X 0 0 FRED NICHOLAS 1.0 X 0 0 LOU MOORE 40.0 X 186731 0 17313 RICKA FISCHER 40.0 X 115000 0 14005 301731 0 31318 2 false true false MATT CONSTRUCTION CORP 9814 NORWALK BLVD SUITE 100 SANTA FE SPRINGS CA 90670 CONSTRUCTION 20085881 SPF ARCHITECTS INC 8609 EAST WASHINGTON BLVD CULVER CITY CA 90232 ARCHITECT 313354 ROSENTHAL INSPECTIONS INC PO BOX 487 YORBA LINDA CA 928850487 INSPECTIONS 141141 MANATT PHELPS PHILLPS 11355 WEST OLYMPIC BLVD LOS ANGELES CA 900641614 LEGAL 119518 ALLIED INDUSTRIES INC 11333 VANOWEN STREET NORTH HOLLYWOOD CA 91605 ENVIRONMENT. CONSULT 104684 11 4221701 4221701 0 11417 11417 0 0 0 0 0 0 0 0 0 0 4233118 11417 0 0 0 0 186731 106629 46562 33540 0 927564 529665 231290 166609 0 76785 38603 16472 21710 83524 43274 26566 13684 0 73130 14626 58504 0 28046 0 28046 0 0 0 0 239953 239953 0 0 312651 312651 0 0 115197 91910 11981 11306 14300 9003 5297 0 0 81891 41855 24627 15409 44644 44002 144 498 0 3403 3403 0 0 0 0 3598 0 3598 0 18478 6790 10374 1314 PRODUCTION 19258 19258 0 0 GIFT SHOP 10000 10000 0 0 PUBLIC RELATIONS 78443 78443 0 0 ALL OTHER EXPENSES 65260 22741 15669 26850 2382856 1612806 479130 290920 1247135 2127645 0 0 9014391 7918274 410482 712407 0 0 0 0 0 0 25998 25953 14408 129866 287178 40232 99409 246946 3345661 55241845 0 0 0 0 0 0 34925030 3922871 49082514 70325807 1938633 301216 0 0 0 1104781 0 0 0 0 0 0 977011 20789848 0 0 0 0 2915644 22195845 X 32984527 36367150 9682343 8262812 3500000 3500000 46166870 48129962 49082514 70325807 1850262 112830 X false true X true false X 1460277 2872237 2660804 8126823 4221701 19341842 0 0 1460277 2872237 2660804 8126823 4221701 19341842 3237940 16103902 195819 26013 19212 6198 11417 258659 0 0 19600501 0.82161 0.66690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 174400 0 0 X false 3621972 122566 3744538 3365099 272846 -15973 3621972 3059134 149254 156711 3365099 2832803 138438 87893 3059134 5207209 44327 -268351 2150382 2832803 0.00000 0.93470 0.06530 true false 287178 40232 246946 246946 DEPOSITS 3933 ENDOWMENTS HELD IN TRUST 3744538 FINE ART COLLECTION 174400 3922871 X SCHEDULE D, PART V, LINE 4: INTENDED USES OF ENDOWMENT FUND THE ANNENBERG HAS BEEN NOTIFIED IT WILL BE THE RECIPIENT OF PROCEEDS FROM ASSETS HELD IN TRUST WITHIN PERMANENT ENDOWMENTS OF TWO CALIFORNIA PHILANTHROPIC FOUNDATIONS. THE ANNENBERG 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 ANNENBERG, GIVING THE ANNENBERG 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. ACCUMULATED EARNINGS ($244,538 AT AUGUST 31, 2013) CANNOT BE WITHDRAWN UNTIL THE OPENING OF 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 2 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 2010 and 2009, 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, on permanent display outdoors in our serene Sculpture Garden, will aptly tie into the opening performance of Martha Graham Dance Company at The Wallis in November 2013. X X X X false false false false false false false false false LOU MOORE 186731 0 0 0 0 0 0 0 17313 0 204044 0 0 0 CITY NATIONAL BANK SEE PART V 20789848 CONSTRUCTION FINANCING 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 ANNENBERG'S CONSTRUCTION FINANCING, HOLDS THE INVESTMENT PORTFOLIO, AND PROVIDES THE PRIMARY BANKING RELATIONSHIP OF THE ANNENBERG. FORM 990, PART I & PART III, LINE 1 - ORGANIZATION MISSION: WALLIS ANNENBERG CENTER FOR THE PERFORMING ARTS (THE "ANNENBERG") IS A NONPROFIT 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 THEATRE. THE MISSION IS TO PROVIDE EXCEPTIONAL THEATER, DANCE, MUSIC, PROFESSIONAL CHILDREN'S 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 4A - PROGRAM SERVICE ACCOMPLISHMENTS: THE WALLIS ANNENBERG CENTER FOR THE PERFORMING ARTS CONTINUED CONSTRUCTION AND rehabilitation of the performing arts center that is scheduled for completion in October 2013. Efforts continue to focus on raising funds from individuals and foundations for the building and operations alongside planning artistic programming for the upcoming inaugural season scheduled to begin in October 2013. FORM 990, PART VI, LINE 2 - BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS, DIRECTORS, ETC.: BOARD CHAIR BRAM GOLDSMITH AND DIRECTOR BRUCE GOLDSMITH HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS: FORM 990 IS PREPARED BY AN INDEPENDENT CPA, REVIEWED AND APPROVED BY MANAGEMENT, THE AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE. UPON FINAL APPROVAL BY THE EXECUTIVE COMMITTEE, A COPY IS MADE AVAILABLE TO THE ENTIRE BOARD. FORM 990, PART VI, LINE 12C - EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS: THE ANNENBERG "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 AN UNDERSTAND THE POLICY. DURING THE YEAR, IF A CONFLICT ARISES. THE ISSUE IS BROUGHT TO THE ATTENTION OF EITHER THE CHAIRL1AN 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 ANNENBERG. FORM 990, PART VI, LINE 15B - COMPENSATION REVIEW & APPROVAL PROCESS FOR OFFICERS & KEY EMPLOYEE: 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. AT THE CURRENT TIME, THE ONLY OFFICER, DIRECTOR, OR KEY EMPLOYEE RECEIVING COMPENSATION IS THE Executive DIRECTOR. 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. 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