2013-07-30T10:26:18-05:00 2011-12-31 330810710 SWENSON ADVISORS LLP 25220 HANCOCK AVE SUITE 240 MURRIETA CA 92562 990 2011-01-01 900126641 NTC FOUNDATION NTCF 6192261490 2801 ROSECRANS ST SAN DIEGO CA 92106 CHRIS KIEFER 6192261490 2013-06-03 1 JAY LOHMAN P00044935 9514454700 2011 2016-02-24 21:20:13Z X CHRIS KIEFER 2801 ROSECRANS ST SAN DIEGO CA 92106 8458246 0 X WWW.NTCPROMENADE.ORG X 2000 CA TO ACQUIRE, RENOVATE AND PRESERVE THE LAND AND THE FACILITIES OF THE NAVAL TRAINING CENTER "NTC" LOCATED IN THE CITY OF SAN DIEGO, CALIFORNIA, SPECIFICALLY RESTRICTED TO THE PORTION OF THE NTC REFERRED TO AS THE "CIVIC ARTS & CULTURAL CENTER"; AND TO OPERATE THE "CIVIC ARTS & CULTURAL CENTER." 14 13 34 5 0 0 390862 5335556 0 0 277786 291133 320408 2831557 989056 8458246 0 0 0 0 1376361 1406274 0 14000 145883 395342 491738 1771703 1912012 -782647 6546234 22832412 31812992 12115324 14549670 10717088 17263322 X TO ACQUIRE, RENOVATE AND PRESERVE THE LAND AND THE FACILITIES OF THE NAVAL TRAINING CENTER "NTC" LOCATED IN THE CITY OF SAN DIEGO, CALIFORNIA, SPECIFICALLY RESTRICTED TO THE PORTION OF THE NTC REFERRED TO AS THE "CIVIC ARTS & CULTURAL CENTER"; AND TO OPERATE THE "CIVIC ARTS & CULTURAL CENTER." 0 0 146367 REHABILITATION OF THE NTC "CIVIC ARTS & CULTURAL CENTER" 398358 LEASING ACTIVITIES RELATED TO THE OPERATION OF THE NTC "CIVIC ARTS & CULTURAL CENTER" 567162 OTHER PROGRAMS RELATED TO THE OPERATION OF THE NTC "CIVIC ARTS & CULTURAL CENTER" 1111887 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 17 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 CA X CHRIS KIEFER 6192261440 2801 ROSECRANS STREET SAN DIEGO CA 92106 PAMELA HAMILTON-LESTER 30.00 X X 67006 0 0 MITCHELL WOODBURY 1.00 X 0 0 0 GORDON SWANSON 1.00 X 0 0 0 JUDY MCDONALD 1.00 X 0 0 0 RADM FRAN HOLIAN USN RET 1.00 X 0 0 0 ROGER BRENES 1.00 X 0 0 0 KURT CHILCOTT 1.00 X 0 0 0 RICHARD OPPER 1.00 X 0 0 0 VICTORIA HAMILTON 1.00 X 0 0 0 RICH GUSTAFSON 1.00 X 0 0 0 DAVID O'BRIEN 1.00 X 0 0 0 LORI FLEET MARTIN 1.00 X 0 0 0 SANDY PERLATTI 1.00 X 0 0 0 ALAN ZITER 40.00 X 117500 0 0 LEW WITHERSPOON 40.00 X 102876 0 0 LARRY EYLER 40.00 X 202189 0 0 489571 0 0 3 1 1 0 0 5154835 180721 314 5335556 291133 291133 DEVELOPER FEE 900099 2824368 2824368 REIMBURSABLE EXPENSES 900099 7189 7189 2831557 8458246 2831557 0 291133 X 489571 345923 100776 42872 916703 647728 188700 80275 18410 18410 40625 40625 14000 14000 2792 2792 6835 6637 198 57319 8127 47892 1300 5450 172 5278 26684 19019 7665 4664 195 2977 1492 195542 195542 22764 22764 5432 5432 LIBERTY SCHOOL AT NTC 31799 31799 CONSTRUCTION MANAGEMENT 30000 30000 BANK & CREDIT CARD FEES 16549 0 16549 0 AUDITORIUM REUSE STUDY 12581 12500 81 14292 9959 3946 387 1912012 1111887 654242 145883 134820 134723 3557402 3549887 3381130 3522531 12664756 22391067 558 4622 157748 140887 35210 16861 835829 835829 2222707 1357472 22832412 31812992 385504 317498 4684993 4241610 7044827 9990562 12115324 14549670 X 9357774 10077309 1359314 7186013 10717088 17263322 22832412 31812992 X 6546234 0 X X 0 1 1 X 0 X 783751 656964 265471 397843 612910 2716939 313428 2824368 3137796 783751 656964 265471 711271 3437278 5854735 250000 328090 15000 330082 236373 1159545 0 250000 328090 15000 330082 236373 1159545 4695190 702500 207691 253690 277785 291133 1732799 702500 207691 253690 277785 291133 1732799 1486251 864655 519161 989056 3728411 7587534 0.61880 0.53540 0.22840 0.28660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 12504 9026 3478 106942 99960 6982 38302 31901 6401 16861 8458246 1912012 6546234 6546234 3316712 0 3316712 5141534 5141534 8458246 1912012 0 1912012 0 1912012 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION USES A LOSS CONTINGENCIES APPROACH FOR EVALUATING UNCERTAIN TAX POSITIONS AND CONTINUALLY EVALUATES CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION DID NOT HAVE UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2011 AND 2010 AND DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. IN CONNECTION WITH THE ADOPTION OF THE GUIDANCE PERTAINING TO UNCERTAIN TAX POSITIONS, THE FOUNDATION WILL RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. AS OF DECEMBER 31, 2011 AND 2010, THE FOUNDATION HAD NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 5,081,835. CONTRIBUTIONS 59,699. X 0 0 0 0 0 0 0 0 0 LEW WITHERSPOON 102876 0 0 0 0 0 0 0 0 0 102876 0 0 0 LARRY EYLER 202189 0 0 0 0 0 0 0 0 0 202189 0 0 0 FORM 990, PART I THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FOLLOWING CHANGES OCCURED: LINE 8 INCREASED; LINE 10 DECREASED AND LINE 11 DECREASED. THE NET TOTAL REVENUE ON LINE 12 INCREASED. FOR EXPENSES, LINE 15 DECREASED AND LINE 17 INCREASED. THE NET TOTAL EXPENSES ON LINE 18 INCREASED. REVENUE LESS EXPENSES ON LINE 19 INCREASED. TOTAL ASSETS ON LINE 20 INCREASED AND TOTAL LIABILITIES ON LINE 21 DECREASED FOR A TOTAL FUND BALANCE INCREASE ON LINE 22. FORM 990, PART III THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: LINE 4A EXPENSES DECREASED; LINE 4B EXPENSES INCREASED AND LINE 4C EXPENSES INCREASED. THE TOTAL PROGRAM SERVICE EXPENSES ON LINE 4E DECREASED. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S GOVERNING BODY REVIEWS AND COMPARES FORM 990 TO ITS IN-HOUSE PREPARED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION C, LINE 19 NTC FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABE TO THE PUBLIC UPON REQUEST. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII ALAN ZITER - 2801 ROSECRANS STREET, SAN DIEGO, CA 92106. PAMELA HAMILTON-LESTER - 2801 ROSECRANS STREET, SAN DIEGO, CA 92106. FORM 990, PART VIII THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: LINE 1E INCREASED AND LINE 1F DECREASED SO THE TOTAL ON LINE 1H INCREASED. IN ADDITION, LINE 3 DECREASED, LINE 11A INCREASED, AND LINE 11E INCREASED. THE TOTAL REVENUE ON LINE 12 INCREASED. FORM 990, PART IX THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: LINE 7 DECREASED, LINE 10 DECREASED, LINE 11B DECREASED, LINE 11G INCREASED, LINE 13 INCREASED, LINE 16 DECREASED, LINE 20 INCREASED AND LINE 24E DECREASED. TOTAL FUNCTIONAL EXPENSES ON LINE 25 INCREASED. FORM 990, PART X THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: LINE 1 INCREASED, LINE 3 INCREASED, LINE 7 DECREASED AND LINE 15 DECREASED. TOTAL ASSETS ON LINE 16 INCREASED. IN THE LIABILITIES SECTION, LINE 17 DECREASED, LINE 19 DECREASED AND LINE 23 INCREASED. TOTAL LIABILITIES ON LINE 26 DECREASED. IN THE FUND BALANCE SECTION, LINE 27 INCREASED, LINE 28 DECREASED AND LINE 33 INCREASED. TOTAL LIABILITIES AND FUND BALANCES ON LINE 34 INCREASED. THE PROCESS FOR THE COMMITTEE'S OVERSIGHT OF THE AUDIT OF THE FOUNDATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDANT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 990, PART XI THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: TOTAL REVENUE ON LINE 1 INCREASED, TOTAL EXPENSES ON LINE 2 INCREASED AND REVENUE LESS EXPENSES ON LINE 3 INCREASED. NET ASSETS OR FUND BALANCES AT THE END OF THE YEAR ON LINE 6 INCREASED. SCHEDULE D, PART XI THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: TOTAL REVENUE ON LINE 1 INCREASED, TOTAL EXPENSES ON LINE 2 INCREASED AND EXCESS ON LINE 3 INCREASED. EXCESS ON LINE 10 ALSO INCREASED. SCHEDULE D, PART XII THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: LINE 1 INCREASED, LINE 3 INCREASED, LINE 4B INCREASED, LINE 4C INCREASED AND TOTAL REVENUE ON LINE 5 INCREASED. SCHEDULE D, PART XIII THE ORIGINAL RETURN IS BEING AMENDED BECAUSE IT WAS FILED BEFORE THE AUDIT WAS FINAL. THE FINANCIALS WERE REVISED DURING THE AUDIT AND THE FOLLOWING CHANGED: LINE 1 INCREASED, LINE 3 INCREASED AND TOTAL EXPENSES ON LINE 5 INCREASED. 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