2014-08-14T07:56:51-05:00 2013-09-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2012-10-01 593524613 TAMPA BAY PERFORMING ARTS CENTER FOUNDATION INC TAMP 8132221044 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 JUDITH LISI 8132221044 2014-08-12 1 WILLIAM F BECKER JR P00076178 7043771678 2012 2015-11-30 17:44:51Z JUDITH LISI 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 9791319 0 X N/A X 1997 FL TO INSPIRE INDIVIDUALS, CORPORATIONS AND FOUNDATIONS TO ESTABLISH A PERMANENT LEGACY AND INVEST IN TAMPA BAY PERFORMING ARTS CENTER'S EDUCATION PROGRAMS. 17 16 0 16 0 0 592772 685445 0 0 -810602 1557030 0 0 -217830 2242475 1038298 1214286 0 0 125389 95665 0 0 216330 694698 451823 1858385 1761774 -2076215 480701 36855196 38702532 3529539 3575018 33325657 35127514 X SEE SCHEDULE O 0 0 1214286 1214286 IN FISCAL YEAR 2013/2014, IN CARRYING OUT ITS MISSION IN SUPPORTING THE TAMPA BAY PERFORMING ARTS CENTER, INC. (THE "CENTER") THROUGH DISBURSEMENT OF (A) APPROVED SPENDING POLICY DISTRIBUTION GRANTS AND (B) GRANTS OF GIFTS RECEIVED FROM OTHER FOUNDATIONS TO SUPPORT CENTER EDUCATION AND OPERA PROGRAMS, ARTISTIC INITIATIVES, FACILITY IMPROVEMENTS AND GENERAL OPERATIONS.SPENDING POLICY DISTRIBUTIONS ARE BASED ON THE RELATED ESTABLISHED BOARD POLICY TO PROVIDE A CONSISTENT PROCESS TO MOVE FUNDS FROM THE ENDOWMENT TO OPERATING FUNDS ON AN ANNUAL OR APPROVED BASIS. GIFTS RECEIVED BY THE FOUNDATION AND TRANSFERRED TO THE CENTER FROM OTHER FOUNDATIONS ARE APPROVED BY THE FOUNDATION BOARD OR PER DONOR REQUEST.WITH THE FOUNDATION SERVING AS THE ENDOWMENT FUND AND SUPPORT FOR THE CENTER, THE FOUNDATION PROVIDED FINANCIAL STABILITY IN FISCAL YEAR 2013/2014 AND HELPED MAINTAIN THE CENTER'S HIGH STANDARDS OF EXCELLENCE AND CREATIVITY AS WELL AS PROVIDING PATRONS THE ABILITY TO CONTINUE TO ENJOY THE CENTER'S PROGRAMS. 1214286 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARY BETH ROSSI 8132221044 1010 N WC MACINNES PLACE TAMPA FL 336023720 HINKS SHIMBERG 1.00 1.00 X X 0 0 0 R KENT BAILEY 1.00 X 0 0 0 DON DEFOSSET 1.00 X 0 0 0 STACEY JAEB 1.00 X 0 0 0 HELEN KERR 1.00 1.00 X 0 0 0 SANDY MACKINNON 1.00 1.00 X 0 0 0 GENE MARSHALL 1.00 1.00 X 0 0 0 FRANK MORSANI 1.00 1.00 X 0 0 0 MARTIN SILBIGER 1.00 1.00 X 0 0 0 BILL STARKEY 1.00 X X 0 0 0 DAVID STRAZ JR 1.00 X 0 0 0 SUSAN SYKES 1.00 1.00 X 0 0 0 MICHAEL URETTE 1.00 1.00 X 0 0 0 DON WALLACE 1.00 X 0 0 0 BILL WEST 1.00 1.00 X 0 0 0 JERRY WILLIAMS 1.00 X 0 0 0 JUDY LISI - SEE SCH J PART III 8.00 40.00 X X 0 495131 36236 JUDY LISI - SEE SCH J PART III 8.00 40.00 X 0 407084 83447 MARY BETH ROSSI 8.00 40.00 X 0 179603 22823 LORRIN SHEPARD 8.00 40.00 X 0 143702 19238 BILL FAUCETT 40.00 X 108362 0 0 108362 1225520 161744 1 0 1 0 0 685445 49629 685445 566609 566609 8539265 7548844 990421 990421 990421 2242475 0 0 1557030 1214286 1214286 63592 63592 32073 32073 287768 287768 106485 12745 93740 680 680 8447 8447 CENTER ADMINISTRATIVE F 8464 8464 BAD DEBT 1064 1064 38915 29581 9334 1761774 1214286 331158 216330 167540 2510 784786 15866229 14505861 18459761 23348335 1576880 845826 36855196 38702532 24600 133124 3046296 2550830 458643 891064 3529539 3575018 X -581259 -605982 7267765 8732962 26639151 27000534 33325657 35127514 36855196 38702532 480701 1321156 0 X X 0 1 X 1 0 X X X 0 0 0 TAMPA BAY PERFORMING ARTS CENTER INC 592037085 7 1 1 1 1214286 1 1214286 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18946524 1715119 2878184 1600698 21939129 15566415 1202563 3366508 1188962 18946524 14450646 795192 327797 7220 15566415 12773359 746229 937768 6710 14450646 12356104 87705 -285004 12158805 0.04000 0.96000 1 0 0 GOVERNMENT SECURITIES 1998919 F COMMON STOCKS 17976731 F MUTUAL FUNDS 1760088 F PREFERRED STOCKS 462352 F CASH 1150245 F 23348335 DUE TO TAMPA BAY PERFORMING ARTS CENTER 891064 891064 X DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TAMPA BAY PERFORMING ARTS CENTER FOUNDATION, INC (THE "FOUNDATION") IS BENEFICIARY OF THE RELATED FUNDS AT THE COMMUNITY FOUNDATION OF TAMPA BAY AND IS ENTITLED TO ALLOCATED DISTRIBUTIONS OF NET EARNINGS. PERMANENT ENDOWMENT FUNDS HELD IN TRUST BY THE TAMPA BAY COMMUNITY FOUNDATION FOR THE BENEFIT OF THE FOUNDATION CONSIST OF DISTRIBUTION AND USAGE OF INVESTMENT EARNINGS FOR BOTH UNRESTRICTED AND RESTRICTED DONOR DESIGNATED PURPOSES. THE USAGE OF THE UNRESTRICTED EARNINGS ALLOWS THE FOUNDATION THE FLEXIBILITY TO USE THE INVESTMENT INCOME RETURN AS BEST SERVES THE ORGANIZATION'S IMMEDIATE CHALLENGES AND FUNDING REQUIREMENTS AS APPROVED BY THE BOARD. INTERNAL GUIDELINES FOR UNRESTRICTED EARNINGS ALLOW USAGE FOR OPERATING EXPENSES FOR ADMINISTRATIVE AND PROGRAMMING ACTIVITIES AS WELL AS SPECIAL PROJECTS. THE RESTRICTED DONOR DESIGNATIONS ON USAGE OF INVESTMENT EARNINGS ARE RELATED TO EDUCATION MUSIC PROGRAMMING. ENDOWMENT PROGRAM ALSO ALLOWS TAMPA BAY PERFORMING ART CENTER, INC. TO EXPAND ITS EDUCATIONAL PROGRAMMING AND INCREASE ITS IMPACT ON THE COMMUNITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE, AND IS ALSO EXEMPT FROM STATE INCOME TAXES. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT SEPTEMBER 30, 2013. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE STRAZ CENTER HAD NO SIGNIFICANT UNCERTAIN INCOME TAX POSITIONS AT SEPTEMBER 30, 2013 AND 2012. 0 TAMPA BAY PERFORMING ARTS CENTER INC 1010 N WC MACINNES PLACE TAMPA FL 33602 592037085 501(C)(3) 1214286 GENERAL SUPPORT 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: MONEY IS PROVIDED AS APPROVED BY THE FOUNDATION BOARD OF DIRECTORS TO THE TAMPA BAY PERFORMING ARTS CENTER (THE "CENTER") AS A RESULT OF THE FOUNDATION'S ROLE AS A SUPPORTING ORGANIZATION TO THE CENTER, IN ACCORDANCE WITH THE FOUNDATION'S SPENDING POLICY AS APPLICABLE AS WELL AS PER DONOR RESTRICTED DESIGNATIONS ON RESPECTIVE ENDOWMENT EARNINGS. THE FUNDS ARE TO BE USED IN CONJUNCTION WITH THE MISSION OF THE CENTER AND/OR AS DESIGNATED BY RESPECTIVE DONORS. X X X X X X 0 1 0 0 0 0 0 1 0 JUDY LISI - SEE SCH J PART III 0 393816 0 97858 0 3457 0 18700 0 17536 0 531367 0 0 JUDY LISI - SEE SCH J PART III 0 0 0 0 0 407084 0 0 0 83447 0 490531 0 0 MARY BETH ROSSI 0 157423 0 5000 0 17180 0 12675 0 10148 0 202426 0 0 LORRIN SHEPARD 0 132758 0 5000 0 5944 0 10474 0 8764 0 162940 0 0 PART I, LINE 7 IN ACCORDANCE WITH THE CEO'S CONTRACT, THE CEO RECEIVES AN ANNUAL BONUS OF UP TO 25% OF BASE COMPENSATION AT THE DISCRETION OF THE BOARD OF TRUSTEES. X 1 49629 FMV 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: STOCK GIFTS ARE PROCESSED BY THE ORGANIZATION'S INVESTMENT BANKER, WHICH MANAGES THE ORGANIZATION'S ENDOWMENT INVESTMENT PORTFOLIO. ORGANIZATION MISSION STATEMENT FORM 990, PART III, LINE 1 THE FOUNDATION IS ORGANIZED AS A SUPPORTING ORGANIZATION EXCLUSIVELY FOR, AND IS DEDICATED TO, THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, THE TAMPA BAY PERFORMING ARTS CENTER, INC. (THE "CENTER"), A 501(C)(3) ORGANIZATION TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170 OF THE INTERNAL REVENUE CODE OF 1986, AS SUCH CODE IS AMENDED FROM TIME TO TIME, (THE "INTERNAL REVENUE CODE"). THE FOUNDATION SHALL INVEST ITS FUNDS AND SERVE AS AN ENDOWMENT FUND FOR THE SUPPORTED ORGANIZATION, NAMELY THE TAMPA BAY PERFORMING ARTS CENTER, INC. THE FOUNDATION SHALL ENCOURAGE AND MOTIVATE THE MAKING OF GIFTS, DONATIONS AND BENEFACTIONS BY INTERVIVOS GIFT, DEED WILL AND OTHERWISE, FOR THE ADVANCEMENT, OR PROMOTION, OF PROGRAMS OR AND MAINTENANCE OF, THE ACTIVITIES, OPERATIONS AND CAPITAL PROJECTS OF THE TAMPA BAY PERFORMING ARTS CENTER, INC. THIS ORGANIZATION SHALL CONDUCT CORPORATE AND PUBLIC FUND-RAISING ACTIVITIES ON BEHALF OF THE CENTER AND IN SUPPORT OF THE ACTIVITIES, OPERATIONS AND CAPITAL PROJECTS OF THE CENTER. THE FOUNDATION SHALL DISTRIBUTE ITS NET INCOME AT LEAST ANNUALLY TO THE CENTER. THE FOUNDATION MAY DISTRIBUTE ANY UNRESTRICTED AND QUASI ENDOWMENT FUNDS AS APPROVED BY THE TAMPA BAY PERFORMING ARTS CENTER, INC. THE MISSION STATEMENT OF THE FOUNDATION IS TO INSPIRE INDIVIDUALS, CORPORATIONS AND FOUNDATIONS TO ESTABLISH A PERMANENT LEGACY AND INVEST IN THE CENTER'S EDUCATION PROGRAMS, ARTISTIC INITIATIVES, FACULTY IMPROVEMENTS AND GENERAL OPERATIONS. FORM 990, PART VI, SECTION B, LINE 11 BEFORE THE FORM IS FILED FOR THE FOUNDATION, IT WILL BE REVIEWED BY THE FOUNDATION'S TREASURER AND CFO. THE CFO AND TREASURER WILL THEN PRESENT IT TO THE AUDIT COMMITTEE AT A SPECIAL DEDICATED MEETING WITH A HIGHLIGHTED REVIEW OF THE FORM SECTION BY SECTION BEING DONE BY THE CONTROLLER, CFO AND CEO, AS APPLICABLE. AFTER THE TREASURER AND AUDIT COMMITTEE HAVE REVIEWED THE FORM, THE CFO WILL PROVIDE: (1) A SUMMARY OF THE HIGHLIGHTED REVIEW OF THE FORM 990 SECTION BY SECTION ALONG WITH (2) A FINAL DRAFT OF THE RESPECTIVE FORM 990 FOR THE YEAR BEING FILED TO ALL BOARD MEMBERS WHO HAVE VOTING PRIVILEGES AND (3) A RECOMMENDATION FOR MOTION FOR APPROVAL FOR THE FORM 990 TO BE FILED AS BEING PRESENTED IN FINAL DRAFT FORM. THIS WILL BE DONE VIA ENCRYPTED E-MAIL FOR WHICH PASSWORDS WILL BE GIVEN FOR PROTECTED ACCESS. BOARD MEMBERS WILL HAVE THE OPPORTUNITY TO SEND IN QUESTIONS AND/OR SEND IN THEIR RESPECTIVE APPROVALS. THE TREASURER, CFO AND AUDIT COMMITTEE WILL ACCEPT AND RESPOND TO ANY QUESTIONS RAISED BY BOARD MEMBERS. AS PART OF THE SUBMITTED FORM 990 PRESENTATION TO THE BOARD, THE AUDIT AND FINANCE COMMITTEES WILL ALSO, BASED ON THEIR REVIEW OF THE FORM, MAKE NECESSARY RECOMMENDATIONS TO THE BOARD REGARDING GOVERNANCE, POLICIES, DISCLOSURE, ETC. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EXECUTIVE STAFF (CEO, CFO, COO AND VICE PRESIDENTS) ARE REQUIRED, ON AN ANNUAL BASIS TO: (1) READ THE CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY, (2) SIGN OFF ON ACKNOWLEDGMENT THAT POLICY HAS BEEN READ AND RECEIVED AND (3) COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. THE CFO REVIEWS THE COMPLETED ANNUAL CONFLICT OF INTEREST DISCLOSURE FORMS. ANY CONCERNS ON CONFLICTS ARE RAISED TO THE CEO, VP OF DEVELOPMENT (STAFF LIAISON TO THE BOARD GOVERNANCE COMMITTEE) AND THE BOARD GOVERNANCE COMMITTEE AS APPLICABLE. IF ANY BOARD MEMBER OR EXECUTIVE STAFF DOES NOT COMPLETE THE RELATED ANNUAL FORMS, THE VP OF DEVELOPMENT WILL ADDRESS ACCORDINGLY. IF THERE ARE ANY QUESTIONS ON CONFLICT, THE RELATED BOARD MEMBER OR KEY EXECUTIVE STAFF MEMBER IS REQUIRED TO DISCLOSE AND REMOVE HIMSELF OR HERSELF FROM VOTING ON A PARTICULAR MATTER, DECLINE IN PARTICIPATION IN A CONFLICTING BID FOR RELATED BUSINESS WITH THE ORGANIZATION OR NOT APPLY FOR EMPLOYMENT AS A STAFF POSITION IF IT IS DETERMINED THERE IS AN ACTUAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE FOUNDATION ARE CENTER EMPLOYEES AND ARE SUBJECT TO COMPENSATION, CLASSIFICATION AND ALL OTHER PERSONNEL POLICIES OF THE CENTER. THE CENTER PERIODICALLY REVIEWS ITS CLASSIFICATION AND COMPENSATION STRUCTURE TO ENSURE REASONABLENESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES FROM THE PREVIOUS YEAR'S METHOD. TAMPA BAY PERFORMING ARTS CENTER INC 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 592037085 PERFORMING ARTS FL 501 (C)(3) 7 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0