President & Exec Director

2013-11-13T08:05:28-06:00 2012-12-31 271895149 Heveron & Company CPAs 260 Plymouth Avenue South Rochester NY 14608 990 2012-01-01 202236574 Friends of The Constellation Brands - Marvin Sands Performing Arts CenterInc FRIE 5856787100 207 High Point Drive Bldg 100 Victor NY 14564 Virginia Clark President & Exec Director 5856787100 2013-11-12 1 John F Heveron Jr P00023043 5852322956 2013-11-12 2012 2016-02-24 21:20:13Z Virginia Clark 207 High Point Drive Bldg 100 Victor NY 14564 9508265 0 X www.cmacevents.com X 2005 NY To nurture the arts for our community and provide the ultimate in music and entertainment. 15 15 0 20 0 0 787556 2204679 3775052 5618118 0 0 512669 903878 5075277 8726675 0 0 0 0 0 0 0 0 0 5256864 6811833 5256864 6811833 -181587 1914842 15511927 16139940 14605316 13232835 906611 2907105 To nurture the arts for our community and provide the ultimate in music and entertainment. 0 0 6586123 6521996 The Performing Arts Center held 24 events during the year ended December 31, 2012, that were attended by approximately 132,000 people. 6586123 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 55 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 15 15 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X The Organization 5856787100 207 High Point Drive Bldg 100 Victor NY 14564 X Richard Sands Director (Chairman) 0.30 X 0 0 0 Allyssa Birth Director 0.30 X 0 0 0 Lauren Dixon Director 0.30 X 0 0 0 Asher Flaum Director 0.30 X 0 0 0 John Garvey Director 0.30 X 0 0 0 George Hamlin IV Director 0.30 X 0 0 0 Andre Langston Director (Beginning 12/6/12) 0.30 X 0 0 0 James Locke III Director 0.30 X 0 0 0 Ginny Ryan Director 0.30 X 0 0 0 Stency Wegman Director 0.30 X 0 0 0 Philip Yawman Director 0.30 X 0 0 0 Virginia Clark President & Executive Director 10.00 X X 0 0 0 Diana Lauria Director and Vice President 0.30 X X 0 0 0 Dr Barbara Risser Director and Vice President 0.30 X X 0 0 0 Oksana Dominach Treasurer and Director 10.00 X X 0 0 0 Ronald Billitier Jr Director (1/1/12 -12/6/12) 0.30 X 0 0 0 Dennis Wilmot Director (1/1/12 -12/6/12) 0.30 X 0 0 0 Sarah Axelrod Vice President 10.00 X 0 0 0 Barbara LaVerdi Secretary 2.00 X 0 0 0 Stephen Wake Assistant Treasurer 4.00 X 0 0 0 0 0 0 0 0 0 0 0 2204679 12200 2204679 Ticket Sales 711300 4634186 4634186 Ticket Rebates 711300 326793 326793 Parking 711300 272826 272826 Sponsorships 711300 190292 190292 Box Income 711300 177600 177600 16421 16421 5618118 1668798 781590 887208 887208 Other Revenue 711300 16670 16670 16670 8726675 6521996 0 0 326806 326806 18877 18877 281102 281102 180761 180761 1659 1659 33859 33859 492763 492763 363499 339708 23791 82263 82263 Talent 3650642 3650642 Concert 1080934 1080934 Parking 109341 109341 Donations 62356 62356 126971 126349 622 6811833 6586123 225710 0 810226 1059355 126239 143199 3228009 3941738 7434 2465 165028 154871 12319111 2040348 10588579 10278763 586412 559549 15511927 16139940 600046 71917 702138 343438 8715000 8715000 2180000 1780000 2408132 2322480 14605316 13232835 X -2321398 -1034633 3228009 3941738 906611 2907105 15511927 16139940 X 1914842 85652 X 0 1 X 1 0 X 621995 1349038 324243 787556 2204679 5287511 5067057 3743964 6074870 4736640 7286916 26909447 5689052 5093002 6399113 5524196 9491595 32196958 541678 1101778 59250 1702706 23426 2172 30833 4917 61348 541678 1125204 2172 90083 4917 1764054 30432904 8595 14385 83639 30228 16670 153517 5697647 5107387 6482752 5554424 9508265 32350475 0.94070 0.91030 0.00000 0.00030 X Schedule A, Part II, Line 12, Explanation of Other Income: Other Income Gratuities RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12204068 1998403 10205665 115043 41945 73098 10278763 Interest Rate Swap Contract 2322480 2322480 X 8844685 118010 118010 8726675 0 8726675 6929843 118010 118010 6811833 0 6811833 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: In June 2006, FASB issued guidance on Accounting for Uncertainty in Income Taxes. This guidance addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. For tax-exempt entities, their tax-exempt status itself is deemed to be an uncertainty, since events could potentially occur to jeopardize their tax-exempt status. This guidance provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition. The Organization adopted this guidance on January 1, 2008 and there was no impact to the Organization's financial statements at December 31, 2012 and December 31, 2011. As of December 31, 2012 and December 31, 2011, the Organization did not have a liability for unrecognized tax benefits. The Organization files informational tax returns in the U.S. federal jurisdiction and New York State. The Organization is no longer subject to U.S. federal and state income tax examinations by tax authorities for years through 2008. A Ontario County Industrial Development Agency 106002565 683058AC5 2005-08-23 10195000 Renovate amphitheatre 0 1 0 A 9680000 399790 9203210 77000 2006 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 1 RBS Citizens NA 20.000000000000 0 0 0 0 1 A 1 Schedule K, Part III, Private Business Use, Line 9: The Organization has no nonqualified bonds. Constellation Brands Common Directors/Officers 70206 Box Sponsorship/Other 0 Constellation Wines US Common Directors/Officers 27167 Box Sponsorship/Other 0 Form 990, Part VI, Section A, line 2 Richard Sands, James Locke, Oksana Dominach, Barbara LaVerdi, Virginia Clark, Sarah Axelrod, and Stephen Wake have a business relationship. Form 990, Part VI, Section A, line 3 The Organization engaged a management company to oversee day to day operations of the venue. The Organization also engaged the services of a booking agent for the concert season. Form 990, Part VI, Section A, line 8b There are no other committees with authority to act on behalf of the Board of Directors. Form 990, Part VI, Section B, line 11 The President, Treasurer, Assistant Treasurer, and Secretary review the Form 990 and update the Board on any material matters related to the document. The Form 990 is provided to all Board members for their review before filing. Form 990, Part VI, Section B, line 12c Board members are required to disclose any conflicts of interest on an annual basis. Any conflicts identified are made known to all board members and addressed appropriately. The Organization does not have any key employees that receive compensation. Form 990, Part VI, Section C, line 19 The Organization provides documents upon request, and complies with all applicable federal and state regulations. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Gain on Change in Fair Value of Derivative Instruments 85,652.