2013-05-10T15:02:29-05:00 2012-06-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2011-07-01 132867442 NEW YORK CITY CENTER INC NEWY 2122470430 130 WEST 56TH STREET NO 9TH FL NEW YORK NY 10019 ARLENE SHULER 2122470430 2013-05-10 1 FREDERICK MARTENS P00298107 2126972299 2011 2016-02-24 21:20:13Z ARLENE SHULER 130 WEST 56TH STREET NO 9TH FL NEW YORK NY 10019 25353095 0 X WWW.NYCITYCENTER.ORG X 1976 NY (SEE SCHEDULE O)DURING THE 2011/2012 SEASON, NEW YORK CITY CENTER WELCOMED NEARLY 204,718 AUDIENCE MEMBERS TO ITS WIDE RANGE OF DANCE AND MUSICAL THEATER PROGRAMS, INCLUDING THE FALL FOR DANCE FESTIVAL, THE ENCORES! SERIES, ENGAGEMENTS BY PRINCIPAL RESIDENT COMPANY ALVIN AILEY AMERICAN DANCE THEATER, AND VISITING PRODUCTIONS INCLUDING DIANA VISHNEVA: DIALOGUES AND BARCELONA BALLET. STUDIO 5 AT CITY CENTER GAVE AUDIENCES A LOOK AT THE CREATIVE PROCESSES BEHIND THE PERFORMANCES ON OUR MAINSTAGE, AND CITY CENTER'S EDUCATION PROGRAMS REACHED MORE THAN 8,000 PARTICIPANTS FROM SCHOOLS THROUGHOUT NEW YORK CITY AND THE SURROUNDING AREAS. 35 34 631 87 0 0 9729985 10971629 7647170 8283958 94213 31340 344539 173700 17815907 19460627 0 30000 0 0 10133908 11370377 25000 20366 1634272 6023236 6197978 16182144 17618721 1633763 1841906 48896671 41551917 19252105 10048342 29644566 31503575 X NEW YORK CITY CENTER'S MISSION IS TO BE NEW YORK CITY'S LEADING CENTER FOR THE PERFORMING ARTS, WITH A PARTICULAR FOCUS ON DANCE AND MUSICAL THEATER. DEDICATED TO MAKING THE ARTS ACCESSIBLE TO THE BROADEST POSSIBLE AUDIENCE, CITY CENTER SEEKS TO CREATE A WELCOMING ENVIRONMENT AND ENGAGE AUDIENCES WITH INSPIRING PROGRAMMING THAT REFLECTS THE ECLECTICISM, ENERGY AND SPIRIT OF NEW YORK CITY. 0 0 4187620 2155484 MAINSTAGE PRODUCTIONS - SELF PRODUCED AND OUTSIDE ATTRACTIONSNEW YORK CITY CENTER WELCOMED PRINCIPAL RESIDENT COMPANY ALVIN AILEY AMERICAN DANCE THEATER, AND AMERICAN BALLET THEATER TO THE MAINSTAGE FOR THEIR ANNUAL SEASONS IN 2011/2012. CITY CENTER ALSO HOSTED AN ARRAY OF VISITING PRESENTATIONS, INCLUDING KINGS OF THE DANCE:OPUS 3, FLAMENCO FESTIVAL 2012, EIFMAN BALLET OF ST. PETERSBURG, DIANA VISHNEVA: DIALOGUES, AND BARCELONA BALLET. CITY CENTER'S THREE REHEARSAL STUDIOS, LOCATED IN THE OFFICE TOWER, WERE RENTED BY HUNDREDS OF DANCERS, CHOREOGRAPHERS AND COMPANIES, MANY OF THEM TAKING ADVANTAGE OF A SUBSIDIZED RATE OF $10 PER HOUR. CITY CENTER'S STAGE 1, HOME TO MANHATTAN THEATRE CLUB, PRESENTED THREE WORLD PREMIERES INCLUDING ZOE KAZAN'S WE LIVE HERE. IN STAGE II, THE PEARL THEATRE COMPANY, PRODUCED FOUR CLASSIC WORKS OF THEATER, INCLUDING THE BALD SOPRANO AND RICHARD II. ARTISTS PERFORMING ON ALL STAGES HAD ACCESS TO 24/7 TICKETING SUPPORT VIA CITY CENTER'S BOX OFFICE, THE CITY TIX PHONE TICKETING SERVICE AND CITY CENTER'S WEBSITE (WWW.NYCITYCENTER.ORG) 6822224 4810666 ENCORES! AND FALL FOR DANCENEW YORK CITY CENTER'S ENCORES! SERIES BRINGS MUSICAL THEATER HISTORY TO NEW GENERATIONS, REVIVING OLD FAVORITES FROM BROADWAY'S GOLDEN AGE THROUGH SEMI-STAGED PRODUCTIONS STARRING TODAY'S FINEST TALENT. OPENING WITH A SMASH HIT COLLABORATION WITH WYNTON MARSALIS AND JAZZ AT LINCOLN CENTER, COTTON CLUB PARADE, THE 19TH SEASON OF ENCORES! DREW 47,388 AUDIENCE MEMBERS OVER THE COURSE OF THE SEASON WITH STEPHEN SONDHEIM'S MERRILY WE ROLL ALONG, PIPE DREAM AND THE CLASSIC GENTLEMEN PREFER BLONDES. RESTORATION WORK ON EACH OF THE SHOW'S SCORES AND MANUSCRIPTS OCCURS THROUGHOUT EACH ENCORES! SEASON, AND EDUCATION INITIATIVES COMPLEMENT THE PRODUCTIONS IN SCHOOLS THROUGHOUT NEW YORK CITY. SINCE 2004 CITY CENTER'S FALL FOR DANCE FESTIVAL HAS INTRODUCED YOUNG AND DIVERSE AUDIENCES TO THE BREADTH AND VITALITY OF DANCE, USING A COMBINATION OF AFFORDABLE TICKETS AND ECLECTIC PROGRAMMING. THE FESTIVAL SHOWCASES EMERGING AND ESTABLISHED ARTISTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD, COMBINING MULTIPLE GENRES AND TRADITIONS IN EACH PROGRAM. THE 2011 FESTIVAL ADDED AND ADDITIONAL TWO EVENINGS, BRINGING THE TOTAL TO 12 IN RESPONSE TO OVERWHELMING DEMAND, AND BROUGHT THE WORLD PREMIERE AND FOUR AMERICAN PREMIERES TO THE STAGE. ADDITIONALLY, LOUNGE FFD, OFFERED TICKET-HOLDERS, PERFORMERS AND THE GENERAL PUBLIC A VIBRANT SPACE TO EAT, DRINK, DANCE AND MINGLE BEFORE, DURING AND AFTER FESTIVAL PERFORMANCES. 663627 149439 EDUCATION EACH YEAR, NEW YORK CITY CENTER'S EDUCATION STAFF AND TEACHING ARTISTS ENGAGE THOUSANDS OF STUDENTS FROM KINDERGARTEN THROUGH TWELFTH GRADE, IN ADDITION TO SENIOR GROUPS AND UNIVERSITY STUDENTS, WITH THE MANY FACETS OF THE PERFORMING ARTS. OUR EDUCATION PROGRAMS - THE YOUNG PEOPLE'S DANCE SERIES, ENCORES! IN SCHOOLS AND INTRODUCTION TO MUSICAL THEATER - ENGAGE PARTICIPANTS THROUGH IN-SCHOOL WORKSHOPS, PEER COLLABORATION AND DISCUSSION, STUDENT PERFORMANCES AND PROFESSIONAL DEVELOPMENT FOR TEACHERS. LAST YEAR, OVER 8,000 CHILDREN AND ADULTS PARTICIPATED IN CITY CENTER EDUCATION PROGRAMMING, WITH OVER 9,000 TOTAL IMPACTS. 1964771 1168369 OTHER PROGRAM SERVICES REPRESENT OTHER PROGRAM REVENUE AND EXPENSES IN ACCORDANCE WITH THE ORGANIZATION'S EXEMPT PURPOSE. 1964771 1168369 13638242 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 158 0 631 1 0 0 0 0 0 1 1 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X JAMES FARKAS 2127631250 130 WEST 56TH STREET NEW YORK NY 10019 ARLENE SHULER 40.00 X X 336518 0 5626 RAYMOND A LAMONTAGNE 1.00 X X 0 0 0 STACY BASH-POLLEY 1.00 X 0 0 0 THEODORE S CHAPIN 1.00 X 0 0 0 VICTORIA CLARK 1.00 X 0 0 0 STUART H COLEMAN 1.00 X 0 0 0 ISAAC D CORRE 1.00 X 0 0 0 DOUGLAS S CRAMER 1.00 X 0 0 0 MAURICE DUBOIS 1.00 X 0 0 0 JOHN PHILIP FALK 1.00 X 0 0 0 BOBBIE FRANKFORT 1.00 X 0 0 0 RICHARD A GOLDSTEIN 1.00 X 0 0 0 PERRY B GRANOFF 1.00 X 0 0 0 SHERRY R JACOBS 1.00 X 0 0 0 ELIZABETH HARPEL KEHLER 1.00 X 0 0 0 JEANETTE W LOEB 1.00 X 0 0 0 PATRICIA W LOVEJOY 1.00 X 0 0 0 STACEY MINDICH 1.00 X 0 0 0 KEVIN J PEARSON 1.00 X 0 0 0 WILLIAM A PERLMUTH 1.00 X 0 0 0 STANLEY PLESENT 1.00 X 0 0 0 INDRE VENGRIS ROCKEFELLER 1.00 X 0 0 0 TERI SCHINDLER 1.00 X 0 0 0 BARRY F SCHWARTZ 1.00 X 0 0 0 FEDERIC M SEEGAL 1.00 X 0 0 0 NICOLE SELIGMAN 1.00 X 0 0 0 ALFRED J SHUMAN 1.00 X 0 0 0 ANNE STRICKLAND SQUADRON 1.00 X 0 0 0 JOSEPH S STEINBERG 1.00 X 0 0 0 ALAN G WEILER 1.00 X 0 0 0 JUDY WILPON 1.00 X 0 0 0 ELIZABETH H WITTEN 1.00 X 0 0 0 DAMIAN WOETZEL 1.00 X 0 0 0 JOANNE WOODWARD 1.00 X 0 0 0 BARBARA ZALAZNICK 1.00 X 0 0 0 MARK LITVIN 40.00 X 266816 0 38501 JAMES H FARKAS 40.00 X 170978 0 33387 KATHARINE S MCLEISHTO AUG 11 40.00 X 111470 0 22056 JOHN T LANDI 40.00 X 64615 0 3089 ERIC SCHULTZ 40.00 X 187017 0 70598 GERARD GRIFFIN 40.00 X 130252 0 49170 AUGUST PROPERSI 40.00 X 149221 0 56331 JAMES MCWILLIAMS 40.00 X 136626 0 51577 ROBERT PALM 40.00 X 135167 0 34386 1688680 0 364721 11 0 1 0 FJ SCIAME CONSTRUCTION 14 WALL STREET NEW YORK NY 10005 GENERAL CONTRACTOR 25947625 ENNEAD ARCHITECTS 320 WEST 13 STREET NEW YORK NY 10014 ARCHITECTURE 612678 T&M SECURITY PO BOX 5218 NEW YORK NY 10087 SECURITY SERVICES 405780 S DI GIACOMO AND SON INC 386 PARK AVE SOUTH NEW YORK NY 10016 GENERAL CONTRACTOR 294386 MASQUE SOUND 21 EAST UNION AVENUE EAST RUTHERFORD NJ 07073 SOUND ENGINEERING 142484 6 1312518 1711956 7947155 10971629 BOX OFFICE RECEIPTS 711110 5272016 5272016 THEATRE RENTAL 711110 1434099 1434099 PHONE AND MAIL ORDERS 711110 837205 837205 TOWER RENTAL INCOME 711110 403646 403646 WORKSHOP FEES 900099 149439 149439 187553 187553 8283958 60459 60459 173700 173700 5388371 5384212 33278 4159 -33278 -29119 -29119 474978 1312518 474978 0 19460627 8283958 0 205040 30000 30000 1164656 201144 928597 34915 7448568 6176400 511187 760981 238539 211995 26544 1301003 1064725 98125 138153 1217611 928588 168226 120797 31088 11533 19555 70000 70000 20366 20366 42726 21774 14149 6803 1217712 967845 10590 239277 719479 569979 113939 35561 152247 152247 17101 17101 1290278 1208409 81332 537 223819 187335 25197 11287 12584 12584 594917 533479 61438 175342 173984 1358 ARTIST FEES 627191 627191 OTHER PRODUCTION EXPENS 381837 381837 CAPITAL CAMPAIGN EXPENS 218611 218611 CO-PRODUCTION FEES 154588 154588 268458 18088 229930 20440 17618721 13638242 2346207 1634272 2926493 2934073 4602034 6184047 6063914 5265288 322310 306757 185102 212657 26475767 5451748 543817 21024019 5231841 3326083 29021160 2298993 48896671 41551917 10646675 3439615 1355766 2093094 1500000 0 4700000 2950000 1049664 1565633 19252105 10048342 X 21440715 22163394 2747766 3041596 5456085 6298585 29644566 31503575 48896671 41551917 X 1841906 17103 X 0 1 1 X 0 X 16908662 11459989 12752649 9729985 10971629 61822914 11429945 13635875 6817267 8825150 8283958 48992195 28338607 25095864 19569916 18555135 19255587 110815109 6663120 2032571 4448107 2834504 2907009 18885311 9132 133227 201394 230422 232934 807109 6672252 2165798 4649501 3064926 3139943 19692420 91122689 342978 483867 486645 339858 234159 1887507 342978 483867 486645 339858 234159 1887507 190578 240745 121551 97385 650259 28872163 25820476 20178112 18992378 19489746 113352875 0.80390 0.81730 0.01670 0.02000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 17618832 17618832 1000000 250000 0 0 1000000 908399 959107 1000000 3867506 5801259 45356 30100 20300 95756 250000 227100 239777 250000 966877 1450316 5897261 928843 70829 6896933 5022135 1090000 193007 407881 5897261 4849782 535000 341720 704367 5022135 3803721 1432500 -237707 148732 4849782 0.08490 0.88070 0.03440 0 0 22871967 3592998 19278969 3603800 1858750 1745050 21024019 RESTRICTED CERTIFICATE OF DEPOSIT 204340 CONSTRUCTION IN PROGRESS - RENOVATION PROJECT 689048 DUE FROM THE CITY OF NEW YORK - REIMBURSABLE RENOVATION PROJECT COSTS 1404606 DEPOSITS 999 2298993 SECURITY DEPOSITS HELD 32868 CONDITIONAL CONTRIBUTIONS 1532765 1565633 19460627 17618721 1841906 17103 17103 1859009 20794218 17103 1316488 1333591 19460627 0 19460627 18935209 1316488 1316488 17618721 0 17618721 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: -BOARD DESIGNATED ENDOWMENT (QUASI ENDOWMENT) IS USED TO ASSIST IN PROVIDING LONG-TERM INSITITUTIONAL FINANCIAL SECURITY WHILE PROVIDING FLEXIBILITY BASED ON INSTITUTIONAL PRIORITIES. ANNUAL ALLOCATIONS PER BOARD APPROVED SPENDING POLICY SERVE GENERAL OPERATIONS. -PERMANENT ENDOWMENT (LOEB EDUCATIONAL FUND) IS A RESTRICTED FUND TO ASSIST IN SUPPORTING EDUCATIONAL PROGRAMMING, SUBJECT TO BOARD APPROVED SPENDING POLICY. -PERMANENT ENDOWMENT (FALL FOR DANCE FESTIVAL FUND) IS A RESTRICTED FUND TO ENSURE FINANCIAL STABILITY AND CONTINUATION OF THE FALL FOR DANCE FESTIVAL, SUBJECT TO BOARD APPROVED SPENDING POLICY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS EVALUATED ALL INCOME TAX POSITIONS AND CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN TAX POSITIONS ARE REQUIRED IN THE FINANCIAL STATEMENTS. CITY CENTER'S TAX RETURNS FOR YEARS PRIOR TO 2009 ARE GENERALLY NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. PART XII, LINE 2D: INTERDEPARTMENTAL RENTAL INCOME REFLECTED IN AUDITED FINANCIAL STATEMENTS $1,316,488 PART XIII, LINE 2D: INTERDEPARTMENTAL RENTAL INCOME REFLECTED IN AUDITED FINANCIAL STATEMENTS $1,316,488 X X X X X X X 0 GARIPOLI ADVISORS LLC 21 WHITE OAK LANE WESTHAMPTON BEACH NY 11978 FUNDRAISING SERVICES 0 0 20366 0 20366 NY GALA BENEFIT 1787496 1312518 474978 183317 291661 1787496 1312518 474978 183317 291661 474978 0 1 FELLOWSHIPS 3 30000 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: CHOREOGRAPHY FELLOWS RECEIVE A GRANT IN THE AMOUNT OF $10,000 WHICH IS USED TOWARD COSTS INCURRED DURING HIS/HER RESIDENCY, AS WELL AS, ADMINISTRATIVE, PROMOTIONAL AND TECHNOLOGICAL GUIDANCE. IN ADDITION, EACH RESIDENT CHOREOGRAPHER IS PROVIDED A MINIMUM OF 200 HOURS OF STUDIO TIME AT NO COST. PERIODICALLY, EACH FELLOW DEMONSTRATES HIS/HER WORK-IN-PROGRESS IN CITY CENTER'S STUDIO WHICH IS VIEWED BY THE PRESIDENT AND CEO AND THE DANCE PROGRAMS MANAGER. WHILE THE FELLOWSHIP DOES NOT HAVE A SPECIFIC WORK PRODUCT REQUIREMENT, THIS ENABLES KEY CITY CENTER STAFF TO EVALUATE THE TANGIBLE RESULTS OF THE PROCESS. X X X 0 0 0 0 0 0 0 0 0 ARLENE SHULER 334227 0 0 0 2291 0 0 0 5626 0 342144 0 0 0 MARK LITVIN 213630 0 50000 0 3186 0 0 0 38501 0 305317 0 0 0 JAMES H FARKAS 170319 0 0 0 659 0 0 0 33387 0 204365 0 0 0 ERIC SCHULTZ 187017 0 0 0 0 0 43481 0 27117 0 257615 0 0 0 GERARD GRIFFIN 130252 0 0 0 0 0 30284 0 18886 0 179422 0 0 0 AUGUST PROPERSI 149221 0 0 0 0 0 34694 0 21637 0 205552 0 0 0 JAMES MCWILLIAMS 136626 0 0 0 0 0 31766 0 19811 0 188203 0 0 0 ROBERT PALM 133956 0 0 0 1211 0 0 0 34386 0 169553 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 CITY CENTER'S EXECUTIVE COMMITTEE IS COMPRISED OF ITS CHAIRMAN OF THE BOARD, PRESIDENT/CEO, AS WELL AS SELECT DIRECTORS. THE COMMITTEE TOTALS TEN IN NUMBER AND ALL MEMBERS ARE ALSO DIRECTORS. THE COMMITTEE GENERALLY MEETS PRIOR TO FULL BOARD MEETINGS TO CONSIDER INSTITUTIONAL INITIATIVES AND TO MAKE CERTAIN OPERATING DECISIONS AS NECESSARY. EXECUTIVE COMMITTEE MEETINGS ARE RECORDED, ROUTINELY DISTRIBUTED TO THE FULL BOARD AND COMMITTEE ACTIVITIES ARE REPORTED TO THE BOARD AT FULL BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, FORM 990 IS REVIEWED IN DEPTH BY JAMES FARKAS, VP OF FINANCE, WHO THEN MEETS WITH ARLENE SHULER, PRESIDENT AND CEO, AND MARK LITVIN, SR. VICE PRESIDENT AND MANAGING DIRECTOR, TO DISCUSS THE 990. WHILE FORM 990 IS NOT REVIEWED WITH TRUSTEES PRIOR TO FILING, THE AUDITED FINANCIAL STATEMENTS FOR THE SAME PERIOD ARE DISTRIBUTED TO, REVIEWED WITH, AND APPROVED BY THE TRUSTEES FOR THE SAME PERIOD. ONCE FILED, FORM 990 IS MADE READILY AVAILABLE TO ALL OFFICERS, DIRECTORS, AND TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS AND TRUSTEES AND KEY EMPLOYEES. THESE INDIVIDUALS ARE REQUIRED TO RESPOND TO A DISCLOSURE FORM AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS, HELD IN SEPTEMBER OF EACH YEAR, WHEREIN ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED. DETERMINATIONS OF CONFLICT OF INTEREST ARE CONFINED TO THE CONTEMPLATION OF TRANSACTIONS OR ARRANGEMENTS OR DIRECT MONETARY COMPENSATION THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER, DIRECTOR, TRUSTEE OR KEY EMPLOYEE. INDIVIDUALS WHO HAVE BEEN DETERMINED AS HAVING A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN DECISIONS RELATED TO THE CONFLICT. ONCE A CONFLICT OF INTEREST HAS BEEN IDENTIFIED, SPECIFIC PROCEDURES ARE IN PLACE FOR THE BOARD TO ELECT TO ELIMINATE THE CONFLICT OR TO CONTINUE WITH THE CONFLICT IN THE CONTEXT OF FULL DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 AS PART OF THE BUDGETING PROCESS, COMPENSATION REVIEWS ARE PERFORMED ANNUALLY FOR ALL ADMINISTRATIVE EMPLOYEES, AS WELL AS THE CEO, OFFICERS AND KEY EMPLOYEES. A NUMBER OF FACTORS DETERMINE THE AMOUNT OF THE INCREASE SUCH AS COST OF LIVING AND AN INCREASE IN RESPONSIBILITIES. FURTHER, WHEN CONSIDERING COMPENSATION FOR THE CEO, OFFICERS OR KEY EMPLOYEES, RESEARCH IS CONDUCTED BY REVIEWING SALARY SURVEYS, COMPARABILITY DATA FROM EMPLOYMENT BASED WEB SITES AND GUIDESTAR. THE SALARY LISTING IS BROUGHT BEFORE THE BOARD FOR REVIEW AND APPROVAL ALONG WITH THE BUDGET FOR THE NEXT FISCAL YEAR AT THE JUNE MEETING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE NOT ROUTINELY MADE AVAILABLE TO THE PUBLIC. THE ORGANIZATION IS RESPONSIVE TO WRITTEN AND PHONE REQUESTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 17,103.