LINCOLN CENTER DEVELOPMENT PROJECT INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- LINCOLN CENTER DEVELOPMENT PROJECT INC (EIN 13-4172481)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201301349349300965
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T08:47:06-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 345 Park Avenue | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 101540102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134172481 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LINCOLN CENTER DEVELOPMENT PROJECT INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % DANIEL RUBIN | InCareOfName |
| Name Control | LINC | NameControl |
| Phone | 2128755000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 LINCOLN CENTER PLAZA | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANIEL RUBIN | Name |
| Title | CFO | Title |
| Date Signed | 2013-05-13 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2127589700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | RONALD AUSTIN EXEC DIRECTOR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 LINCOLN CENTER PLAZA | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8137951 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2001 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE RECONSTRUCTION, RENOVATION, MODERNIZATION, AND POSSIBLE RECONFIGURATION OF ARTS FACILITIES FOR LINCOLN CENTER FOR THE PERFORMING ARTS. | ActivityOrMissionDescription |
| Termination Or Contraction | X | TerminationOrContraction |
| Nbr Voting Members Governing Body | 3 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 3 | NbrIndependentVotingMembers |
| Total Nbr Employees | 11 | TotalNbrEmployees |
| Total Nbr Volunteers | 1 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 33136323 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 8137951 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 33136323 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8137951 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1970388 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1320489 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 31402440 | OtherExpensePriorYear |
| Other Expenses Current Year | 7230976 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 33372828 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8551465 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -236505 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -413514 | RevenuesLessExpensesCY |
| Total Assets BOY | 7898572 | TotalAssetsBOY |
| Total Assets EOY | 3313210 | TotalAssetsEOY |
| Total Liabilities BOY | 7376967 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3205119 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 521605 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 108091 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE RECONSTRUCTION, RENOVATION, MODERNIZATION, AND RECONFIGURATION, OF ARTS FACILITIES FOR LINCOLN CENTER FOR THE PERFORMING ARTS. FOR MORE INFORMATION, SEE SCHEDULE O. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 6689686 | Expense |
| Description | ALL ACTIVITIES OF THE CORPORATION FURTHER THE EXEMPT AND CHARITABLE PURPOSE OF THE CORPORATION BY PROVIDING FINANCIAL, PROFESSIONAL, AND OTHER ASSISTANCE IN ERECTING, RECONSTRUCTING, RENOVATING, MODERNIZING, AND RECONFIGURING BUILDINGS OPEN TO THE PUBLIC FOR PUBLIC EXPOSITIONS AND CULTURAL ACTIVITIES. SEE SCHEDULE O. | Description |
| Total Program Service Expense | 6689686 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | true | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 22 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 11 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 3 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 3 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DANIEL RUBIN | NamePerson |
| Telephone Number | 2128755000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 LINCOLN CENTER PLAZA | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (7 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| PETER L MALKIN | ||||||
| DIRECTOR | 1.0 | X | 0 | 0 | 0 | |
| PHILIP MILSTEIN | ||||||
| BOARD CHAIR | 1.0 | X | 0 | 0 | 0 | |
| BART FRIEDMAN | ||||||
| DIRECTOR | 1.0 | X | 0 | 0 | 0 | |
| RONALD AUSTIN | ||||||
| EXECUTIVE DIRECTOR | 40.0 | 405405 | 190000 | 83071 | X | |
| TEREA HEBERT | ||||||
| COO/CFO - THRU 6/4/12 | 40.0 | 358528 | 0 | 53343 | X | |
| DANIEL RUBIN | ||||||
| COO/CFO - BEGINNING 6/4/12 | 2.0 | 0 | 416025 | 98894 | X | |
| LESLEY FRIEDMAN ROSENTHAL | ||||||
| GENERAL COUNSEL/SECRETARY | 2.0 | 0 | 351950 | 89203 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 763933 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 957975 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 324511 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| TURNER CONTRUCTION COMPANY | |||||
| 375 HUDSON STREET | NEW YORK | NY | 10021 | CONSTRUCTION MGT | 10252001 |
| RCDOLNER LLC | |||||
| 15-17 EAST 15 STREET | NEW YORK | NY | 10003 | GENERAL CONTRACTING | 1896358 |
| DILLER SCOFIDIO RENFRO | |||||
| 601 W 26TH STREET 1815 | NEW YORK | NY | 10001 | ARCHITECTURAL SVCS | 443675 |
| TISHMAN SPEYER PROPERTIES LP | |||||
| 45 ROCKEFELLER PLAZA | NEW YORK | NY | 10111 | PROPERTY MANAGEMENT | 595042 |
| ELECTROSONIC SYSTEMS INC | |||||
| 10320 BREN ROAD EAST | MINNETONKA | MN | 55343 | ELECTRONIC SERVICES | 529764 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 21 | NumberOfContractorsGT100K |
| Related Organizations | 8060653 | RelatedOrganizations |
| All Other Contributions | 77298 | AllOtherContributions |
| Total Contributions | 8137951 | TotalContributions |
| Total Program Service Revenue | 0 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8137951 | TotalRevenueColumn |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1048251 | Total |
| Program Services | 213214 | ProgramServices |
| Management And General | 835037 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74243 | Total |
| Program Services | 15101 | ProgramServices |
| Management And General | 59142 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40105 | Total |
| Program Services | 8157 | ProgramServices |
| Management And General | 31948 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 119867 | Total |
| Program Services | 24381 | ProgramServices |
| Management And General | 95486 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38023 | Total |
| Program Services | 7734 | ProgramServices |
| Management And General | 30289 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30318 | Total |
| Program Services | 6167 | ProgramServices |
| Management And General | 24151 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41438 | Total |
| Program Services | 8428 | ProgramServices |
| Management And General | 33010 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77850 | Total |
| Program Services | 15835 | ProgramServices |
| Management And General | 62015 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103983 | Total |
| Program Services | 21150 | ProgramServices |
| Management And General | 82833 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17157 | Total |
| Program Services | 3490 | ProgramServices |
| Management And General | 13667 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1705 | Total |
| Program Services | 347 | ProgramServices |
| Management And General | 1358 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107104 | Total |
| Program Services | 21785 | ProgramServices |
| Management And General | 85319 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9831 | Total |
| Program Services | 2000 | ProgramServices |
| Management And General | 7831 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| REDEVELOPMENT PROJECT EXP | 6214274 | 6214274 | |
| GENERAL EXPENSES | 609996 | 124100 | 485896 |
| ADMIN & STORAGE CHARGES | 10545 | 2145 | 8400 |
| MOVING EXPENSES | 6775 | 1378 | 5397 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8551465 | Total |
| Program Services | 6689686 | ProgramServices |
| Management And General | 1861779 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 576226 | BOY |
| EOY | 245585 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6979834 | BOY |
| EOY | 2959536 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 827797 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 771384 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 163516 | BOY |
| EOY | 56413 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 178996 | BOY |
| EOY | 51676 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7898572 | BOY |
| EOY | 3313210 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6301213 | BOY |
| EOY | 2260417 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1075754 | BOY |
| EOY | 944702 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7376967 | BOY |
| EOY | 3205119 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 521605 | BOY |
| EOY | 108091 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 521605 | BOY |
| EOY | 108091 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7898572 | BOY |
| EOY | 3313210 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -413514 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Both | X | FinancialStatementBoth |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 197482772 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 256632065 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 161277387 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 33136323 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8137951 | CurrentTaxYear |
| Total | 656666498 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 197482772 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 256632065 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 161277387 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 33136323 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8137951 | CurrentTaxYear |
| Total | 656666498 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 656666498 | PublicSupportTotal170 |
| Total Support | 656666498 | TotalSupport |
| Public Support Pertcentage170 | 1.00000 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 1.00000 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 298701 | OtherCostOrOtherBasis |
| Depreciation | 286735 | Depreciation |
| Book Value | 11966 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 181141 | OtherCostOrOtherBasis |
| Depreciation | 158322 | Depreciation |
| Book Value | 22819 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 347955 | OtherCostOrOtherBasis |
| Depreciation | 326327 | Depreciation |
| Book Value | 21628 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 56413 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO LINCOLN CENTER FOR THE | Description |
| Amount | $944,702 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 944702 | TotalOfAmounts |
| Total Revenue | 8137951 | TotalRevenue |
| Total Expenses | 8551465 | TotalExpenses |
| Excess Or Deficit For Year | -413514 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | -413514 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 8137951 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 8137951 | RevenueSubtotal |
| Total Revenue Per Form990 | 8137951 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 8551465 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 8551465 | ExpensesSubtotal |
| Total Expenses Per Form990 | 8551465 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | UNCERTAIN TAX POSITIONS | Identifier |
| Return Reference | SCHEDULE D, PART X, LINE 2 | ReturnReference |
| Explanation | Effective November 3, 2005, LCDP was notified by the IRS that its status is as a public charity and it will continue to be classified as exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. LCDP recognizes the benefit of tax positions when it is more likely than not that the position will be sustained based on the merits of the position. LCDP management believes that no significant uncertain tax positions have been taken. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RONALD AUSTIN | |||||||||||||
| 292927 | 190000 | 111512 | 0 | 966 | 0 | 59240 | 0 | 25568 | 0 | 490213 | 190000 | 0 | 0 |
| TEREA HEBERT | |||||||||||||
| 323108 | 0 | 35000 | 0 | 420 | 0 | 45914 | 0 | 9166 | 0 | 413608 | 0 | 0 | 0 |
| DANIEL RUBIN | |||||||||||||
| 0 | 396412 | 0 | 0 | 0 | 19613 | 0 | 78064 | 0 | 22567 | 0 | 516656 | 0 | 0 |
| LESLEY FRIEDMAN ROSENTHAL | |||||||||||||
| 0 | 345345 | 0 | 0 | 0 | 6605 | 0 | 68373 | 0 | 23805 | 0 | 444128 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| FORM 990, SCHEDULE J | DISCLOSURE REGARDING PAYROLL ADMINISTRATION | LINCOLN CENTER DEVELOPMENT PROJECT'S (LCDP) PAYROLL IS ADMINISTERED BY LINCOLN CENTER FOR THE PERFORMING ARTS, A RELATED SECTION 501(C)(3)PUBLIC CHARITY, BUT LCDP PAYS FOR THE SALARIES AND BENEFITS. |
| FORM 990, SCHEDULE J, PART I, LINE 4B | NONQUALIFIED RETIREMENT PLAN PAYMENTS | REFLECTS PAYMENTS OF ACTUARIALLY CALCULATED SUPPLEMENTAL RETIREMENT BENEFITS INTENDED TO COMPENSATE FOR IRS LIMITATIONS IN DEFINED BENEFIT PENSION PLANS. PAYMENTS WERE MADE AS FOLLOWS: DANIEL RUBIN $17,807 AND LESLEY FRIEDMAN ROSENTHAL $5,975. |
Schedule N IRS990ScheduleN
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liquidation Table | LiquidationTable |
Disposition Table DispositionTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | GRANTS RECEIVABLE | DescriptionOfAsset |
| Date Of Distribution | 2012-06-30 | DateOfDistribution |
| FMV Of Asset | 4020298 | FMVOfAsset |
| Method Of FMV Determination | COST | MethodOfFMVDetermination |
| EIN | 131847137 | EIN |
| Name Person | LINCOLN CENTER FOR THE PERFORMING A | NamePerson |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 LINCOLN CENTER PLAZA | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100236583 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | 501(c)(3) | IRCSection |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | true | DirectorOfSuccessor2 |
| Employee Of Successor2 | true | EmployeeOfSuccessor2 |
| Owner Of Successor2 | false | OwnerOfSuccessor2 |
| Receive Compensation2 | false | ReceiveCompensation2 |
Form990 Schedule N Part III Form990ScheduleNPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FORM 990, SCHEDULE N, PART II, LINE 2 | Identifier |
| Return Reference | RELATIONSHIPS | ReturnReference |
| Explanation | LINE 2A THE FOLLOWING LCDP DIRECTORS ARE ALSO DIRECTORS AT LINCOLN CENTER FOR THE PERFORMING ARTS: PETER MALKIN, PHILIP MILSTEIN AND BART FRIEDMAN LINE 2B THE FOLLOWING LCDP OFFICERS ARE EMPLOYEES AT LINCOLN CENTER FOR THE PERFORMING ARTS: DANIEL RUBIN AND LESLEY FRIEDMAN ROSENTHAL | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990, PART III, LINE 1 | ALL OF LCDP'S ACTIVITIES FURTHER ITS TAX-EXEMPT AND CHARITABLE PURPOSE BY PROVIDING CULTURAL AND EDUCATIONAL ORGANIZATIONS WITH FINANCIAL, PROFESSIONAL, AND OTHER ASSISTANCE IN ERECTING, RECONSTRUCTING, RENOVATING, MODERNIZING AND RECONFIGURING BUILDINGS OPEN TO THE PUBLIC FOR PUBLIC EXPOSITIONS AND CULTURAL ACTIVITIES. THE REDEVELOPMENT PROJECTS CONSIST OF THE FOLLOWING PROJECTS: 1) WRAP UP OF REMAINING PUNCH LIST ITEMS FOR 65TH STREET AND PROMENADE PROJECTS; 2) A PLAZA-LEVEL FOOTBRIDGE SPANNING 65TH STREET, OFFERING AN ADDITIONAL WAY TO TRAVEL BETWEEN THE NORTH AND SOUTH SIDES OF THE CAMPUS; AND 3) EARLY PLANNING FOR POTENTIAL PROJECTS AT AVERY FISHER HALL, DAMROSCH PARK AND AMSTERDAM CORNER. |
| GOVERNING BODY AND MANAGEMENT | FORM 990, PART VI, LINES 6, 7A AND 7B | THERE ARE NO STOCKHOLDERS. THE BOARD IS A SINGLE MEMBER CORPORATION, WITH LINCOLN CENTER FOR THE PERFORMING ARTS, INC. AS ITS SOLE MEMBER, WITH THREE DIRECTORS DESIGNATED BY LINCOLN CENTER FOR THE PERFORMING ARTS, INC., AND ONE NON-VOTING DIRECTOR DESIGNATED BY THE CITY OF NEW YORK. VOTING MEMBERS HAVE THE GENERAL POWER TO CONTROL AND MANAGE THE AFFAIRS AND PROPERTY OF LCDP AND ADOPT RULES AND REGULATIONS GOVERNING ITS ACTIONS. |
| FORM 990 REVIEW | FORM 990, PART VI, LINE 11B | LCDP'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTING FIRM WITH DATA PROVIDED BY ITS FINANCE DEPARTMENT. WHEN LCDP'S STAFF AND ACCOUNTING FIRM APPROVE THE DRAFT RETURN, IT IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. LCDP'S BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY FOR REVIEWING FORM 990 TO THE AUDIT COMMITTEE. WHEN THE AUDIT COMMITTEE APPROVES THE FINAL DRAFT, A COPY IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| CONFLICT OF INTEREST POLICY | FORM 990, PART VI, LINE 12C | LCDP BOARD MEMBERS AND SENIOR STAFF ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST FORM EACH FISCAL YEAR TO CONFIRM THEIR COMPLIANCE WITH LCDP'S CONFLICT OF INTEREST POLICY. THE GENERAL COUNSEL REVIEWS ALL QUESTIONNAIRES AND DETERMINES TOGETHER WITH THE AUDIT COMMITTEE WHETHER A CONFLICT OF INTEREST IN FACT EXISTS. DURING THE JUNE 30, 2012 TAX YEAR, NO POTENTIAL NEW CONFLICTS WERE REPORTED. IN THE EVENT OF A POTENTIAL CONFLICT INVOLVING AN EXISTING OR ONGOING ACCOUNT, ARRANGEMENT, RELATIONSHIP OR TRANSACTION, THE AUDIT COMMITTEE OR THE BOARD REGULARLY EVALUATES THE BENEFITS AND APPROPRIATENESS OF THE ACCOUNT, ARRANGEMENT, RELATIONSHIP OR TRANSACTION TO ENSURE THAT IT HAS BEEN AND CONTINUES TO BE HANDLED WITHIN ACCEPTABLE STANDARDS OUTLINED IN THIS POLICY. $595,042 WAS PAID TO TISHMAN SPEYER TO REIMBURSE IT FOR THE SERVICES OF EMPLOYEES IT SECONDED TO LCDP TO COMPLETE THE REDEVELOPMENT PROJECTS. NO MARKUP WAS ADDED TO THE REIMBURSEMENT. THE BOARD CHAIR OF LCDP'S RELATED ORGANIZATION, LCPA, IS A SENIOR MANAGING DIRECTOR OF TISHMAN SPEYER. THIS ARRANGEMENT WAS APPROVED BY LCDP'S AUDIT COMMITTEE AS BEING BENEFICIAL TO LCDP, FURTHERING ITS CHARITABLE PURPOSE, AND NOT RESULTING IN PRIVATE INUREMENT, EXCESS BENEFIT TRANSACTION OR IMPERMISSIBLE PRIVATE BENEFIT UNDER LAWS APPLICABLE TO ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PETER DAVOREN, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF TURNER CONSTRUCTION COMPANY, IS THE BROTHER-IN-LAW OF KATHERINE FARLEY, THE CHAIR OF LCDP'S RELATED PARTY, LCPA, AND THE FORMER CHAIR OF LCDP'S BOARD. LCDP SELECTED TURNER CONSTRUCTION AS AN INDEPENDENT CONTRACTOR TO PERFORM DEVELOPMENT WORK FOR THE LINCOLN CENTER CAMPUS, AND NEGOTIATED THE FEE ARRANGEMENTS, BEFORE MS. FARLEY JOINED LCDP'S BOARD OF DIRECTORS IN 2005. MS. FARLEY DISCLOSED THE RELATIONSHIP PRIOR TO JOINING THE BOARD AND HAS MADE CONTINUING DISCLOSURES TO THE AUDIT COMMITTEES OF BOTH ENTITIES, WHICH HAVE CONCLUDED THAT THE ARRANGEMENT IS BENEFICIAL TO INSTITUTION, FURTHERING ITS CHARITABLE PURPOSES, AND NOT RESULTING IN PRIVATE INUREMENT, EXCESS BENEFIT TRANSACTION OR IMPERMISSIBLE PRIVATE BENEFIT UNDER LAWS APPLICABLE TO ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. |
| COMPENSATION | FORM 990, PART VI, LINES 15A AND 15B | COMPENSATION TO LCDP'S EXECUTIVE DIRECTOR IS GOVERNED BY A CONTRACT EXECUTED IN 2007 AS AMENDED IN 2012. IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION, LCDP RELIED ON A 2009 STUDY BY TOWERS PERRIN (AN INDEPENDENT COMPENSATION CONSULTANT) REGARDING EXECUTIVE COMPENSATION, AND ALSO OBTAINED INDUSTRY-WIDE COMPENSATION INFORMATION FOR PERSONS WITH SIMILAR RESPONSIBILITIES FROM ONE OF THE NATION'S LEADING REAL ESTATE AND CONSTRUCTION FIRMS. THE EXECUTIVE DIRECTOR IS INVOLVED IN THE COMPENSATION DETERMINATION FOR LCDP'S COO/CFO, OPERATING IN SUCH CAPACITY UNTIL 6/4/12. LCDP HAD NO EMPLOYEES WHO FELL WITHIN THE DEFINITION OF "KEY EMPLOYEES" DURING THE YEAR. COMPENSATION FOR THE CHIEF OPERATING OFFICER/CHIEF FINANCIAL OFFICER, OPERATING IN SUCH CAPACITY UNTIL 6/4/12, WAS DETERMINED BY THE EXECUTIVE DIRECTOR, BY REFERENCE TO COMPARABLE POSITIONS AT LINCOLN CENTER AND INDUSTRY-WIDE COMPENSATION INFORMATION FOR PERSONS WITH SIMILAR RESPONSIBILITIES. THE INDIVIDUALS INVOLVED IN ASSESSING AND DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OFFICERS ARE NOT PERMITTED TO HAVE A CONFLICT OF INTEREST UNDER LCDP'S CONFLICT OF INTEREST POLICY. IN ADDITION, LCDP RETAINS RECORDS OF THE COMPENSATION PROCESS AND DECISIONS. THE EXECUTIVE DIRECTOR'S IS APPROVED BY THE BOARD. |
| DOCUMENT AVAILABILITY | FORM 990, PART VI, LINE 19 | LCDP'S ANNUAL FINANCIAL STATEMENTS, FORM 990 AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:PETER L MALKIN TITLE:DIRECTOR HOURS:3 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:PHILIP MILSTEIN TITLE:BOARD CHAIR HOURS:1 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:BART FRIEDMAN TITLE:DIRECTOR HOURS:3 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:DANIEL RUBIN TITLE:COO/CFO - BEGINNING 6/4/12 HOURS:35 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:LESLEY FRIEDMAN ROSENTHAL TITLE:GENERAL COUNSEL/SECRETARY HOURS:35 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LINCOLN CENTER FOR THE PERFORMING ARTS | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 LINCOLN CENTER PLAZA | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131847137 | EIN |
| Primary Activities | PERF. ARTS | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 7 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | false | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | true | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| LINCOLN CENTER FOR THE PERFORMING ARTS INC | ||
| C | 8060653 | FMV |
| LINCOLN CENTER FOR THE PERFORMING ARTS INC | ||
| L | 610000 | FMV |
Comments