2013-05-14T08:47:06-05:00 2012-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2011-07-01 134172481 LINCOLN CENTER DEVELOPMENT PROJECT INC % DANIEL RUBIN LINC 2128755000 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 DANIEL RUBIN 2013-05-13 true 2127589700 2011 2016-02-24 21:20:13Z X RONALD AUSTIN EXEC DIRECTOR 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 8137951 false X N/A X 2001 NY TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE RECONSTRUCTION, RENOVATION, MODERNIZATION, AND POSSIBLE RECONFIGURATION OF ARTS FACILITIES FOR LINCOLN CENTER FOR THE PERFORMING ARTS. X 3 3 11 1 0 0 33136323 8137951 0 0 0 0 0 0 33136323 8137951 0 0 0 0 1970388 1320489 0 0 0 31402440 7230976 33372828 8551465 -236505 -413514 7898572 3313210 7376967 3205119 521605 108091 X 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. false false 6689686 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. 6689686 true true false false false false false false false true false false false true true true true false false false false false false false false false false false true false false false false false false false false false false false true false true false false false false true 22 0 true 11 true false false false false false false false false false false X 3 3 false false false false true true true true true false false true true true true true true true true false NY X DANIEL RUBIN 2128755000 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 X PETER L MALKIN 1.0 X 0 0 0 PHILIP MILSTEIN 1.0 X 0 0 0 BART FRIEDMAN 1.0 X 0 0 0 RONALD AUSTIN 40.0 X 405405 190000 83071 TEREA HEBERT 40.0 X 358528 0 53343 DANIEL RUBIN 2.0 X 0 416025 98894 LESLEY FRIEDMAN ROSENTHAL 2.0 X 0 351950 89203 763933 957975 324511 2 false true false 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 21 8060653 77298 8137951 0 0 0 0 0 0 0 0 0 8137951 0 0 0 0 0 1048251 213214 835037 0 74243 15101 59142 40105 8157 31948 119867 24381 95486 38023 7734 30289 30318 6167 24151 41438 8428 33010 77850 15835 62015 0 0 0 0 0 103983 21150 82833 17157 3490 13667 0 0 1705 347 1358 0 0 0 0 0 107104 21785 85319 9831 2000 7831 REDEVELOPMENT PROJECT EXP 6214274 6214274 GENERAL EXPENSES 609996 124100 485896 ADMIN & STORAGE CHARGES 10545 2145 8400 MOVING EXPENSES 6775 1378 5397 8551465 6689686 1861779 0 576226 245585 0 0 6979834 2959536 0 0 0 0 0 0 0 0 0 0 0 0 827797 771384 163516 56413 0 0 0 0 0 0 0 0 178996 51676 7898572 3313210 6301213 2260417 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1075754 944702 7376967 3205119 X 521605 108091 0 0 0 0 521605 108091 7898572 3313210 -413514 X false true true X false X 197482772 256632065 161277387 33136323 8137951 656666498 197482772 256632065 161277387 33136323 8137951 656666498 656666498 656666498 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 298701 286735 11966 181141 158322 22819 347955 326327 21628 56413 0 DUE TO LINCOLN CENTER FOR THE 944702 944702 8137951 8551465 -413514 -413514 8137951 8137951 8137951 8551465 8551465 8551465 UNCERTAIN TAX POSITIONS SCHEDULE D, PART X, LINE 2 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. X true true X X X X false true false false false false false false false 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 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. GRANTS RECEIVABLE 2012-06-30 4020298 COST 131847137 LINCOLN CENTER FOR THE PERFORMING A 70 LINCOLN CENTER PLAZA NEW YORK NY 100236583 501(c)(3) true true false false FORM 990, SCHEDULE N, PART II, LINE 2 RELATIONSHIPS 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 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 LINCOLN CENTER FOR THE PERFORMING ARTS 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 131847137 PERF. ARTS NY 501(C)(3) 7 NA false false false true false false false false false false false false true true false false false false false LINCOLN CENTER FOR THE PERFORMING ARTS INC C 8060653 FMV LINCOLN CENTER FOR THE PERFORMING ARTS INC L 610000 FMV