2013-03-29T06:35:43-05:00 2012-05-31 043077056 MOODY FAMIGLIETTI & ANDRONICO LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2011-06-01 510197209 THE WANG CENTER FOR THE PERFORMING ARTS INC WANG 6174829393 270 TREMONT STREET BOSTON MA 02116 JOSIAH A SPAULDING JR 6174829393 2013-03-27 1 JOYCE RIPIANZI P00548581 9785575300 2011 2016-02-25 16:41:14Z CITI PERFORMING ARTS CENTER JOSIAH A SPAULDING JR 270 TREMONT STREET BOSTON MA 02116 7866958 0 X WWW.CITICENTER.ORG X 1976 MA THE WANG CENTER FOR THE PERFORMING ARTS, INC. DBA CITI PERFORMING ARTS CENTER IS A NONPROFIT INNOVATOR AND STEWARD OF ICONIC VENUES, PROVIDING ARTS, ENTERTAINMENT, CULTURAL, AND EDUCATIONAL EXPERIENCES TO THE GREATER COMMUNITY. CITI PERFORMING ARTS CENTER IS ONE OF THE NATION'S FOREMOST NONPROFIT PERFORMING ARTS INSTITUTIONS. AS GUARDIAN OF HISTORIC VENUES-THE WANG AND SHUBERT THEATRES-CITI PERFORMING ARTS CENTER HONORS ALL ASPECTS OF THE ARTS. THROUGH NUMEROUS COMMUNITY OUTREACH EDUCATIONAL EFFORTS, COLLABORATIONS, AND PARTNERSHIPS, CITI PERFORMING ARTS CENTER STRIVES TO EDUCATE AND INSPIRE GREATER APPRECIATION FOR CREATIVITY AS AN ESSENTIAL COMPONENT TO THE FABRIC OF OUR SOCIETY (SEE CONTINUATION OF MISSION STATEMENT ON LAST PAGE OF SCHEDULE O). 18 17 91 51 929500 0 4100336 2703204 2196423 1869601 -713475 322601 1403805 1451905 6987089 6347311 0 0 0 0 2415073 2393932 27412 0 1064793 1246767 1615026 3689252 4008958 3297837 2338353 38349214 41174368 2763107 4082801 35586107 37091567 X THE CITI PERFORMING ARTS CENTER IS KNOWN NATIONALLY AS A TRUE COMMUNITY ARTS CENTER WHOSE DOORS ARE OPEN TO ALL. WITH THE BELIEF THAT ARTS MAKE AND KEEP US A CIVILIZED NATION, THE CITI PERFORMING ARTS CENTER LOOKS FORWARD TO A BRIGHT FUTURE WITH THE MISSION OF PRESENTING THE FINEST PERFORMING ARTISTS AND CULTURAL ATTRACTIONS FROM AROUND THE WORLD. THE WANG CENTER FOR THE PERFORMING ARTS, INC. IS ONE OF THE NATION'S FOREMOST NON-PROFIT PERFORMING ARTS INSTITUTIONS. AS GUARDIAN OF THE WANG THEATRE AND THE SHUBERT THEATRE, THE WANG CENTER FOR THE PERFORMING ARTS HONORS ALL ASPECTS OF PERFORMING ARTS. THROUGH ITS NUMEROUS COMMUNITY OUTREACH EDUCATIONAL EFFORTS, COLLABORATIONS AND PARTNERSHIPS ARTS STRIVES TO EDUCATE AND INSPIRE GREAT APPRECIATION FOR THE PERFORMING ARTS AS AN ESSENTIAL COMPONENT OF THE FABRIC OF OUR SOCIETY. 0 0 312677 THE CENTER'S EDUCATION/COMMUNITY OUTREACH PROGRAMS REACH OVER 10,000 ANNUALLY OF ALL BACKGROUNDS BY PROVIDING FREE AND LOW-COST EVENTS THAT ARE BROAD-BASED AND CULTURALLY DIVERSE, AND ARE COMMITTED TO AN ARTS EDUCATION MODEL THAT DELIVERS DEPTH, BREADTH, AND IMPACT THROUGH CITY-WIDE COLLABORATION, IN-SCHOOL PROGRAMS, AND OUT-OF-SCHOOL PROGRAMS. THE CENTER TAKES A HOLISTIC APPROACH TO ARTS EDUCATION AND COMMUNITY OUTREACH BASED ON THE FOLLOWING THEMES: YOUTH DEVELOPMENT, COMMUNITY LEARNING AND ACCESS. SIGNATURE PROGRAMS INCLUDE CITY SPOTLIGHTS AND SPECTRUM BOSTON. THESE PROGRAMS HAVE SERVED OVER 180,000 YOUTH, FAMILIES, AND TEACHERS OVER THE PAST 20 PLUS YEARS. 71208 484086 THE CENTER ORGANIZES AND DEVELOPS MANY PROGRAMS INCLUDING THEATRE, MUSIC, DANCE, AND OTHER ARTS. 383885 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 41 0 1 91 1 1 1 0 0 0 0 1 1 0 0 0 0 X 18 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA X JOHN F PERKINS 6174829393 270 TREMONT STREET BOSTON MA 02116 SCOTT SPERLING 1.00 X X 0 0 0 SCOTT R MCEWAN 1.00 X 0 0 0 PATRICK CANNING 1.00 X 0 0 0 NATHAN E PUSEY 1.00 X 0 0 0 MICHAEL B ELEFANTE 1.00 X 0 0 0 MICHAEL A BELL 1.00 X 0 0 0 MARY-KATHLEEN O'CONNELL 1.00 X 0 0 0 JEFFREY S MCCORMICK 1.00 X X 0 0 0 FRED A SEIGEL 1.00 X 0 0 0 ESTA GORDON EPSTEIN 1.00 X 0 0 0 ERIK L BROOKS 1.00 X 0 0 0 ELLIOT M SURKIN 1.00 X X 0 0 0 ELIZABETH M NICHOLS 1.00 X 0 0 0 DAVID E GOEL 1.00 X X 0 0 0 COURTNEY WANG 1.00 X 0 0 0 MICHAEL S WYZGA 1.00 X X 0 0 0 JOHN W PODUSKA 1.00 X 0 0 0 HARRY NUDELMAN 1.00 X 0 0 0 JOSIAH A SPAULDING JR 40.00 X 431124 0 51788 LORRAINE C WANG 1.00 X 0 0 0 JOHN F PERKINS 40.00 X 114596 0 19888 SUSAN DAHLING SULLIVAN 40.00 X 181839 0 8405 MICHAEL SZCZEPKOWSKI 40.00 X 151165 0 31844 ANDREA ROUNDS 40.00 X 160900 0 12419 NANCY SKINNER 40.00 X 133642 0 1014 1173266 0 125358 6 1 1 0 TRP SPORTS & ENTERTAINMENT MARKETING 9B HAMILTON PLACE BOSTON MA 02109 SPONSOR COMMISSIONS 182813 1 185700 246871 319609 1951024 81123 2703204 QUALIFIED SPONSORSHIP 900099 1385515 1385515 THEATRE OPERATING INCO 711110 484086 484086 1869601 461270 461270 1312590 1451259 -138669 -138669 -138669 64704 246871 68388 -3684 -3684 MANAGEMENT FEES 541610 1455589 526089 929500 1455589 6347311 2395690 929500 318917 1060018 862529 197489 1044442 159643 610244 274555 9226 3322 5904 112388 17254 58202 36932 167858 19011 102371 46476 164161 52502 110951 708 31861 31861 58163 58163 63605 3645 44818 15142 55698 15815 1558 38325 75137 7734 51870 15533 98114 9283 67934 20897 17412 17412 18734 8205 10421 108 17503 848 11017 5638 30977 30977 123405 123405 30044 30044 PROVISION FOR UNCOLLECT 265000 265000 MAINTENANCE CONTRACTS 264278 264204 74 ANNUAL GALA AND CULTIVA 113219 113219 ARTIST FEES 49014 49014 138701 37609 72299 28793 4008958 383885 2560280 1064793 1860442 2120532 800496 3326469 2825897 11807 25782 92836 116193 1250150 873944 499612 376206 10548043 8895720 3338626 3104990 18671379 22908552 38349214 41174368 293739 223188 1400000 1420000 1069368 2439613 2763107 4082801 X 19502080 22602072 10072849 8478317 6011178 6011178 35586107 37091567 38349214 41174368 X 2338353 -832893 X X 0 1 1 X 0 X 2061065 3305492 1045556 4100336 2703204 13215653 2061065 3305492 1045556 4100336 2703204 13215653 13215653 337315 852187 840861 538396 461270 3030029 992309 793601 893584 929503 3608997 23298 226210 185650 510221 522406 1467785 21322464 9934319 0.61980 0.56710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10032923 -385459 564059 9083405 9153083 1216441 336601 10032923 7900319 1616104 363340 9153083 10712196 -2375682 389000 47195 7900319 0.66180 0.33820 1 0 358380 149049 209331 891770 724895 166875 376206 MULTI-ASSET FUND 3104990 F 3104990 DUE FROM WANG THEATRE, INC. 3958863 DUE FROM TREMONT THEATRE, INC. 7639714 DUE FROM WANG CENTER PRODUCTIONS, INC. 3047122 DUE FROM WANG THEATRE PRESENTS, INC. 8262853 22908552 LINE OF CREDIT 1000000 TERM LOAN PAYABLE 1439613 2439613 6347311 4008958 2338353 -832893 -832893 1505460 5259643 -832893 -265000 -1097893 6357536 58163 -68388 -10225 6347311 3754183 68388 68388 3685795 58163 265000 323163 4008958 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE TERMS OF THE ENDOWMENT AND THE BYLAWS OF THE ORGANIZATION AUTHORIZE THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS TO USE ENDOWMENT INCOME FOR THE GENERAL PURPOSES OF THE CENTER IN ACCORDANCE WITH THE SPENDING RATE POLICY ESTABLISHED. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE WANG CENTER FOR THE PERFORMING ARTS, INC. D/B/A CITI PERFORMING ARTS CENTER ("CENTER") AND ITS SUBSIDIARIES, WITH THE EXCEPTION OF WANG THEATRE PRESENTS, INC., ARE NOT-FOR-PROFIT ORGANIZATIONS AS DESCRIBED UNDER INTERNAL REVENUE CODE (THE "CODE") SECTION 501(C)(3), ARE GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE CODE SECTION 501(A) AND ARE ALSO EXEMPT FROM PRIVATE FOUNDATION STATUS UNDER IRC SECTIONS 509(A)(1) AND 509(A)(3), RESPECTIVELY. WANG THEATRE PRESENTS, INC. IS ORGANIZED UNDER THE PROVISIONS OF SUBCHAPTER C OF THE CODE, THEREFORE, ITS EARNINGS ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES AT APPLICABLE RATES. THE CENTER HAS IMPLEMENTED THE GUIDANCE FOR INCOME TAXES IN ACCORDANCE WITH ASC TOPIC 740, AS IT RELATES TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE TREATMENT OF THE CENTER'S POSITION OF ACCOUNTING FOR INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS. THE GUIDANCE ALSO PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT STANDARD FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF AN INCOME TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN THE TAX RETURN. IN ADDITION, IT PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE CENTER HAS NO UNCERTAIN TAX POSITIONS AT MAY 31, 2012 AND 2011. WITH FEW EXCEPTIONS, THE CENTER IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S., FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2009. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN INCOME TAX EXPENSE. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR UNCOLLECTIBLE PLEDGES -265,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -68,388. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 68,388. PART XIII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR UNCOLLECTIBLE PLEDGES 265,000. ANNUAL GALA 311575 246871 64704 47194 600 20594 311575 246871 64704 47194 600 20594 68388 -3684 X X X X X 1 0 0 0 0 0 0 0 0 JOSIAH A SPAULDING JR 412000 0 10021 0 9103 0 8480 0 43308 0 482912 0 0 0 SUSAN DAHLING SULLIVAN 181563 0 0 0 276 0 4685 0 3720 0 190244 0 0 0 MICHAEL SZCZEPKOWSKI 150649 0 0 0 516 0 4553 0 27291 0 183009 0 0 0 ANDREA ROUNDS 160214 0 0 0 686 0 2077 0 10342 0 173319 0 0 0 NANCY SKINNER 107349 0 0 0 26293 0 520 0 494 0 134656 0 0 0 PART I, LINE 4A THE WANG CENTER FOR THE PERFORMING ARTS, INC. ("CENTER") HAD ENTERED INTO A SEVERANCE AGREEMENT WITH NANCY SKINNER, FORMER CHIEF DEVELOPMENT OFFICER. AS PROVIDED IN THE TERMS OF THE AGREEMENT, THE CENTER WILL PAY THE CURRENT WEEKLY SALARY AS SEVERANCE PAY FOR SIX MONTHS, OR TWENTY-SIX WEEKS, LESS APPLICABLE WITHHOLDINGS AND DEDUCTIONS. THE CENTER WILL ALSO PAY AN AMOUNT REPRESENTING CERTAIN ADDITIONAL BENEFITS AS PER THE EMPLOYMENT LETTER. THE TOTAL SEVERANCE PAYMENTS MADE BY THE CENTER DURING THE FISCAL YEAR 2012 TO NANCY SKINNER WERE $41,596. CITIBANK NA NATHAN PUSEY, DIRECTOR OF THE BOARD, IS AN OFFICER OF CITIBANK 21597 BUSINESSS FEES TO CITIGROUP 0 CITIBANK NA NATHAN PUSEY, DIRECTOR OF THE BOARD, IS AN OFFICER OF CITIBANK 1377083 SPONSORSHIP PAYMENT FROM CITIGROUP 0 CITIBANK NA NATHAN PUSEY, DIRECTOR OF THE BOARD, IS AN OFFICER OF CITIBANK 1439613 NOTE PAYABLE WITH CITIGROUP 0 CITIBANK NA NATHAN PUSEY, DIRECTOR OF THE BOARD, IS AN OFFICER OF CITIBANK 1000000 LINE OF CREDIT WITH CITIGROUP 0 SCHEDULE L, PART IV X 5 64813 FAIR MARKET VALUE X BOSTON CELTIC BALL BOY/GIRL 1 1000 FAIR MARKET VALUE X RESTAURANT GIFT CARDS 1 285 FAIR MARKET VALUE X BALDWIN PIANO 1 2500 FAIR MARKET VALUE X HOTEL 3 8685 FAIR MARKET VALUE X TICKETS TO EVENT 1 300 FAIR MARKET VALUE X MBTA PASSES 1 3540 FAIR MARKET VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: SCHEDULE M, LINE 32B: ALL STOCK CONTRIBUTIONS ARE DEPOSITED INTO THE ORGANIZATION'S BANK WHERE THEY ARE PROCESSED AND SOLD. FORM 990, PART VI, SECTION A, LINE 2 LORRAINE WANG - HONORARY CHAIRMAN AND COURTNEY WANG - DIRECTOR HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE GOVERNANCE COMMITTEE CHAIR REVIEWS THE FORM 990 DISCLOSURES FOR ACCURACY AND FOR COMPLIANCE WITH IRS AND ORGANIZATIONAL POLICIES, PRIOR TO THE FORM 990 BEING FILED. IN ADDITION, THE FINANCE COMMITTEE REVIEWS THE FORM 990 PRIOR TO FILING. A FINAL COPY OF THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OVERSEER OR PRINCIPAL OFFICER OF THE CENTER ANNUALLY SIGNS A STATEMENT REGARDING CONFLICTS OF INTEREST IN FORM SATISFACTORY TO THE BOARD. SUCH STATEMENTS WITHOUT LIMITATION: 1. AFFIRM THAT THE PERSON HAS RECEIVED A COPY OF THIS CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTAND THE POLICY AND AGREES TO COMPLY WITH IT; AND 2. DISCLOSE TO THE BOARD: A. THE NAME OF EACH ENTITY, FOR-PROFIT AND NON-PROFIT, (OTHER THAN THE CENTER OR ANY CHARITABLE ORGANIZATION OWNED OR CONTROLLED, DIRECTLY OR INDIRECTLY, BY THE CENTER) WHICH THE PERSON SERVES AS AN OFFICER, DIRECTOR, TRUSTEE, MANAGER, GENERAL PARTNER OR EMPLOYEE AND THE PERSON'S POSITION AT EACH SUCH ENTITY; B. WHETHER THE PERSON (OR ANY FAMILY MEMBER, OTHER INDIVIDUAL OR ENTITY DEEMED AN "INSIDER" BY VIRTUE OF A RELATIONSHIP WITH THE PERSON) HAS, AT SUCH TIME, A CONFLICT OF INTEREST; AND C. ALL MATERIAL FACTS RELATING TO ANY SUCH CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS OF THE BOARD SERVE AS THE MEMBERS OF THE COMPENSATION COMMITTEE. THE COMMITTEE IS RESPONSIBLE FOR DEVELOPING AN OVERALL PHILOSOPHY FOR THE ORGANIZATION'S COMPENSATION PROGRAMS APPLICABLE TO OFFICERS AND EMPLOYEES. THE COMMITTEE MAY SEEK ADVISEMENT AND COUNSEL FROM PROFESSIONALS WITH EXPERTISE IN COMPENSATION ARRANGEMENTS FOR U.S. BASED NON-PROFIT TAX EXEMPT CORPORATIONS. ACTING AS MEMBER OF THE COMPENSATION COMMITTEE, THE OFFICERS ARE REQUIRED TO PARTICIPATE AS FOLLOWS: *TO ANNUALLY REVIEW WITH THE BOARD AND CEO THE POSITION DESCRIPTION FOR THE CEO AND RECOMMEND ANY CHANGES TO THE BOARD FOR CONSIDERATION. *TO RECOMMEND APPROPRIATE ELEMENTS OF COMPENSATION OF THE CEO. *TO ESTABLISH THE GOALS AND OBJECTIVES OF THE CEO, TO ANNUALLY REVIEW THE PERFORMANCE OF THE CEO RELATIVE TO THE INSTITUTION'S GOALS AND OBJECTIVES FOR THE PURPOSE OF DETERMINING THE COMPENSATION OF THE CEO, AND TO EVALUATE THE CEO'S PERFORMANCE IN LIGHT OF THOSE STRATEGIC GOALS AND OBJECTIVES. *TO MAKE RECOMMENDATIONS TO THE BOARD BASED ON THIS EVALUATION. *TO ANNUALLY REVIEW THE RECOMMENDATIONS OF THE CEO CONCERNING OVERALL COMPENSATION AND OTHER CONDITIONS OF EMPLOYMENT OF THE CENTER'S SENIOR OFFICERS AND SATISFY ITSELF THAT THE OVERALL COMPENSATION IS IN ACCORDANCE WITH THE BUSINESS PLAN OF THE INSTITUTION AND WITH GENERALLY ACCEPTED COMPENSATION LEVELS FOR COMPARABLE BUSINESSES. *TO CONDUCT PERIODIC REVIEWS OF THE INCENTIVE PLANS OF THE CENTER WHICH MAY BE IN PLACE FROM TIME TO TIME, AND SUBMIT RECOMMENDATIONS WITH RESPECT TO ANY AMENDMENTS TO, OR ANY PROPOSED AWARDS UNDER, SUCH PLANS TO THE BOARD ON ALL OTHER INCENTIVE COMPENSATION PLANS. *TO ASSIST THE BOARD IN CONNECTION WITH ISSUES RELATING TO SUCCESSION PLANNING, INCLUDING APPOINTING, TRAINING AND MONITORING THE DEVELOPMENT AND PERFORMANCE OF THE SENIOR OFFICERS OF THE CENTER. *THE COMMITTEE WILL OVERSEE REGULATORY COMPLIANCE AND INCLUDE AN ANNUAL REVIEW OF ALL ELEMENTS OF OFFICER COMPENSATION AND RECOMMEND DOCUMENTATION AND APPROVAL BY THE FULL BOARD IN A MANNER THAT IS DESIGNED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER LAWS AND REGULATIONS APPLICABLE TO NON-PROFIT ORGANIZATIONS. *TO ASSEMBLE AND EVALUATE COMPARATIVE DATA BY OBTAINING, REVIEWING AND ASSIMILATING COMPARABLE COMPENSATION DATA WITH RESPECT TO CEO AND OFFICER LEVEL COMPENSATION POLICES FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS FOR ORGANIZATIONS OF COMPARABLE SIZE, GEOGRAPHIC LOCATION, COMMUNITY PRESENCE, INDUSTRY AND OTHER RELEVANT FACTORS. SUCH COMPARATIVE DATA SHALL BE SHARED WITH AND DISCUSSED BY THE FULL BOARD. *TO REVIEW AND ADVISE THE FULL BOARD ON ANY PROPOSED EMPLOYMENT AGREEMENT WITH, AND ANY PROPOSED SEVERANCE OR RETENTION PLANS OR AGREEMENTS APPLICABLE TO, ANY OFFICER OF THE INSTITUTION. IN ADDITION, THE COMMITTEE SHALL REVIEW AND ADVISE WITH RESPECT TO ANY SEVERANCE OR OTHER TERMINATION PAYMENTS PROPOSED TO BE MADE TO ANY SENIOR LEVEL OFFICER OF THE ORGANIZATION. *THE COMMITTEE WILL REPORT ITS ACTIVITIES TO THE BOARD IN SUCH MANNER AND SUCH TIMES AS THE COMMITTEE OR THE BOARD DEEM APPROPRIATE. *THE COMMITTEE WILL MAINTAIN CONTEMPORANEOUS DOCUMENTATION OF ITS DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS FOR THE CEO AND OTHER SENIOR OFFICERS OF THE CENTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -832,893. AUDIT OVERSIGHT FORM 990; PART XII; LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OVER THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CONTINUATION OF MISSION STATEMENT FORM 990; PART I; LINE 1 AS A 501(C)(3) NONPROFIT ORGANIZATION LOCATED IN BOSTON'S HISTORIC THEATER DISTRICT, CITI PERFORMING ARTS CENTER OFFERS A DIVERSE MIX OF EDUCATIONAL WORKSHOPS AND COMMUNITY ACTIVITIES THROUGH ITS EDUCATION DEPARTMENT; COLLABORATES WITH ARTISTS AND LOCAL PERFORMING ORGANIZATIONS, AND ACTS AS A CHAMPION FOR THE ARTS IN THE GREATER BOSTON COMMUNITY. FOR FURTHER INFORMATION, PLEASE GO TO WWW.CITICENTER.ORG. CONTINUATION OF MISSION STATEMENT FORM 990; PART III; LINE 1 IT IS OUR PROMISE TO PRESENT THE FINEST CULTURAL ATTRACTIONS AND EVOKE A GREATER AWARENESS OF HOW INTEGRAL A ROLE THE PERFORMING ARTS PLAY IN THE EDUCATION OF OUR YOUTH AND MAINTAINING THE BELIEF THAT ARTS MAKE AND KEEP US A CIVILIZED NATION. WANG THEATRE INC 270 TREMONT STREET BOSTON MA 02116 043317597 ARTS PROGRAMMING MA 501(C)3 LINE 11A, I WANG CENTER FOR THE PERFORMING ARTS INC 1 TREMONT THEATRE INC 270 TREMONT STREET BOSTON MA 02116 043317590 ARTS PROGRAMMING MA 501(C)3 LINE 11A, I WANG CENTER FOR THE PERFORMING ARTS INC 1 WANG CENTER PRODUCTIONS INC 270 TREMONT STREET BOSTON MA 02116 043317595 ARTS PROGRAMMING MA 501(C)3 LINE 11A, I WANG CENTER FOR THE PERFORMING ARTS INC 1 WANG THEATRE PRESENTS INC 270 TREMONT STREET BOSTON MA 02116 263055454 ARTS PROGRAMMING MA WANG CENTER FOR THE PERFORMING ARTS INC C 17535285 4051513 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 TREMONT THEATRE INC K 239709 FAIR MARKET VALUE WANG THEATRE INC K 239709 FAIR MARKET VALUE WANG THEATRE PRESENTS INC K 929502 FAIR MARKET VALUE