2013-11-15T12:45:38-06:00 2012-12-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 152225416 990 2012-01-01 251469002 THE PITTSBURGH TRUST FOR CULTURAL RESOURCES PITT 4124716070 803 LIBERTY AVENUE PITTSBURGH PA 152223703 RONA L NESBIT 4124716070 2013-11-14 1 SUSAN M KIRSCH P00341397 4122613644 2012 2016-02-25 16:41:14Z PITTSBURGH CULTURAL TRUST J KEVIN MCMAHON 803 LIBERTY AVENUE PITTSBURGH PA 152223703 53140131 0 X WWW.TRUSTARTS.ORG X 1984 PA TO ADVANCE THE REGION'S ECONOMY THROUGH THE DEVELOPMENT OF PITTSBURGH'S CULTURAL DISTRICT 39 35 476 1200 102676 0 9432736 10124415 36336033 32769939 940283 1104521 -365176 444878 46343876 44443753 0 0 0 0 8792681 9125279 0 0 1393180 38752895 37099500 47545576 46224779 -1201700 -1781026 145586380 150894581 22779440 28443034 122806940 122451547 PRESENTING DIVERSE, QUALITY PERFORMING & VISUAL ART; MANAGING ARTS FACILITIES; ADVANCING ARTS EDUCATION; AND CREATING & DEVELOPING PITTSBURGH'S CULTURAL DISTRICT AS A DESTINATION FOR ENTERTAINMENT, BUSINESS, AND URBAN LIVING, THUS STIMULATING THE REGION'S ECONOMY. 0 0 21465447 0 17402648 PRESENTING AND PROGRAMMING: THE TRUST BRINGS THE WORLD'S FINEST PERFORMANCES AND VISUAL ARTS TO WESTERN PA. EACH YEAR, OVER 1,500 EVENTS, PROGRAMS & EXHIBITIONS OCCUR IN TRUST FACILITIES & THROUGHOUT THE CULTURAL DISTRICT, ATTRACTING OVER TWO MILLION VISITORS. THE TRUST PRESENTS & SUPPORTS DIVERSE PERFORMING ART, INCLUDING PNC BROADWAY ACROSS AMERICA - PITTSBURGH, PITTSBURGH DANCE COUNCIL, TRUST PRESENTS, PITTSBURGH INTERNATIONAL CHILDREN'S THEATER & FESTIVAL, FIRST NIGHT, THREE RIVERS ARTS FESTIVAL AMONG OTHERS. THE TRUST IS ALSO A PROUD EXHIBITOR OF CUTTING-EDGE ART & THE CREATOR OF CONTEMPORARY ART GALLERIES: WOOD STREET GALLERIES, SPACE; 707-709 PENN & CARNEGIE MELLON UNIVERSITY'S STUDENT-RUN FUTURE TENANT. 17908978 0 13028831 FACILITIES MANAGEMENT & REAL ESTATE DEVELOPMENT: THROUGH PUBLIC AND PRIVATE PARTNERSHIPS, THE TRUST TRANSFORMS DOWNTOWN PITTSBURGH. WHAT WAS ONCE A DOWNTRODDEN AREA LINED WITH NOXIOUS ESTABLISHMENTS IS NOW A DYNAMIC 14-BLOCK HUB FOR ARTS, ENTERTAINMENT, BUSINESS & URBAN LIVING. THE TRUST STEADILY UPGRADES THE DISTRICT'S PHYSICAL LOOK, FEEL & EXPERIENCE THROUGH PROJECTS SUCH AS IMPROVING STREETSCAPES, BUILDING RESTORATION, AND ESTABLISHING PUBLIC PARKS AND PLAZAS, AS WELL AS OUTDOOR ART SPACE. THE TRUST MANAGES OVER 1,000,000 SQUARE FEET OF PROPERTY, SUCH AS: THE BENEDUM CENTER; BYHAM, O'REILLY, & HARRIS THEATERS; THEATER SQUARE; & ARTS EDUCATION CENTER AMONG OTHER DOWNTOWN GALLERIES & PROPERTIES. THE TRUST ALSO FACILITATES THE CREATION OF NEW OFFICE, RESIDENTIAL AND COMMERCIAL RETAIL SPACES. 3296353 0 2242027 EDUCATION, COMMUNITY OUTREACH & ARTS SERVICES: THE TRUST OFFERS A RANGE OF EDUCATIONAL EVENTS & ACTIVITIES FOR STUDENTS, EDUCATORS & UNDERSERVED POPULATIONS OF ALL AGES & BACKGROUNDS TO DEVELOP DIVERSE & VIBRANT ARTS AUDIENCES FOR THE FUTURE. ANNUALLY, THE TRUST SERVES OVER 100,000 STUDENTS, EDUCATORS & COMMUNITY MEMBERS IN WESTERN PENNSYLVANIA & SUPPORTS MORE THAN 1,000 AREA ARTISTS & ARTS ORGANIZATIONS. THE TRUST IS ALSO A WORLD LEADER IN ARTS COLLABORATION AMONG PERFORMING ARTS ORGANIZATIONS. THROUGH ITS SHARED SERVICES DEPARTMENT, THE TRUST INCREASES EFFICIENCIES AND DECREASES COSTS FOR SEVEN CULTURAL DISTRICT ORGANIZATIONS. FURTHER, THE TRUST HELPS ARTS ORGANIZATIONS WITH HIGHLY SUBSIDIZED RATES FOR PERFORMANCES/OFFICE SPACE, ALLOWING THEM TO INVEST MORE RESOURCES INTO THEIR CORE ARTISTIC MISSIONS. 42670778 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 326 0 1 476 1 1 1 0 0 0 0 1 1 0 0 0 0 X 39 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC FL MD MO NY OH PA WV X RONA L NESBIT 4124716070 803 LIBERTY AVENUE PITTSBURGH PA 152223703 X JANE C ARKUS 0.40 0.00 X 0 0 0 SUZANNE W BROADHURST 0.40 0.00 X 0 0 0 JILL M BRODBECK 0.40 0.00 X 0 0 0 CHARLES R BURKE JR 0.40 0.00 X 0 0 0 ESTHER L BUSH 0.40 0.00 X 0 0 0 CAROLYN M BYHAM 0.40 0.00 X 0 0 0 DONALD K CARTER 0.40 0.00 X 0 0 0 RONALD R DAVENPORT JR 0.40 0.00 X 0 0 0 GEORGE A DAVIDSON JR 0.40 0.00 X 0 0 0 STEVEN F FEINSTEIN 0.40 0.00 X 0 0 0 SYLVIA V FIELDS 0.40 0.00 X 0 0 0 AUDREY HILLMAN FISHER 0.40 0.00 X 0 0 0 EDITH H FISHER 0.40 0.00 X 0 0 0 WILLIAM O GENERETT JR 0.40 0.00 X 0 0 0 MURRY S GERBER 0.40 0.00 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140189 0 26819 EUGENE GIAVERRA 50.00 0.00 X 121875 0 14076 NICK GIGANTE 50.00 0.00 X 132910 0 26363 WILLIAM DENNIS 60.00 0.00 X 114349 0 32653 1608705 0 192667 11 0 1 0 UNICCO SERVICE COMPANY 4002 SOLUTIONS CENTER CHICAGO IL 60677 JANITORIAL 575272 FLYSPACE PRODUCTIONS LLC 14 COURTRIGHT ST PITTSBURGH PA 15212 EVENT PRODUCTION 476399 ELLIOTT MARKETING 2281 SIDGEFIELD LANE PITTSBURGH PA 15241 MARKETING 246280 TRIGATE INCORPORATED 125 7TH STREET 650 PITTSBURGH PA 15222 PROPERTY MANAGEMENT 231591 CRAIG JOHNSON 3336 LONGBOW DR PITTSBURGH PA 15235 MUSIC SERVICES 144977 13 442600 1267870 8413945 903194 10124415 STAGE PRESENTATIONS 900099 17402648 17402648 FACILITY RENTAL FEES 900099 8798220 8798220 TICKET SERVICE & OTHER FEES 711110 6472638 6472638 ADVERTISING INCOME 541800 96433 96433 32769939 594400 -5479 599879 5388652 4661499 727153 727153 1333 725820 4201225 3691104 510121 510121 10389 499732 61500 442600 343775 -282275 -282275 44443753 32673506 102676 1543156 965052 449924 359619 155509 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0 1 X 1 0 X 7109768 9683776 12388902 8936436 10124415 48243297 1062400 1062400 1062400 1062400 1062400 5312000 8172168 10746176 13451302 9998836 11186815 53555297 7425406 46129891 4575056 4721993 5012008 5414472 5983052 25706581 5694 5694 79267572 178006687 0.58200 0.53330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6264 6264 46218515 46224779 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 18866 18540 17844 6264 61514 250000 250000 250000 250000 1000000 1500000 18635995 118350 2297082 1000000 37711 20013716 20054873 -378047 1000000 40831 18635995 18733427 200000 2264247 1100000 42801 20054873 17001293 3762586 1975000 55452 18733427 25748072 51090 -7387409 1327000 83460 17001293 0.10800 0.87560 0.01640 0 0 22113510 3374147 25487657 7100019 76042175 26290880 56851314 34074650 22661644 11413006 7059133 6309694 749439 5726534 1783820 3942714 98444130 ACCRUED WAGES & BENEFITS 544670 DEFERRED CONTRIBUTION REVENUE 1726362 2271032 X 51268625 1425633 393965 5005274 6824872 44443753 0 44443753 51624018 5399239 5399239 46224779 0 46224779 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE TRUST HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A STREAM OF FUNDING FOR PROGRAMS AND INITIATIVES SUPPORTED BY THE ENDOWMENT. THE POLICIES ARE ALSO INTENDED TO PROTECT THE INTEGRITY OF THE ASSETS AND ACHIEVE THE OPTIMAL RETURN POSSIBLE WITHIN THE SPECIFIED RISK PARAMETERS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE TRUST IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (IRC) AND HAS BEEN CLASSIFIED AS AN EXEMPT CHARITABLE ORGANIZATION UNDER SECTIONS 509(A)(1) AND 170(B)(A)(VI) OF THE IRC. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE TRUST HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING AN ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE TRUST IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES IN ANY MAJOR TAX JURISDICTION BEFORE 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 4,661,499. SPECIAL EVENT EXPENSES 343,775. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 5,055,464. SPECIAL EVENT EXPENSES 343,775. ANNUAL GALA 504100 442600 61500 58792 121457 163526 504100 442600 61500 58792 121457 163526 343775 -282275 X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 J KEVIN MCMAHON 567843 0 0 0 51100 0 17150 0 15479 0 651572 0 0 0 RONA NESBIT 236928 0 0 0 39500 0 17150 0 8190 0 301768 0 0 0 PAUL ORGANISAK 139131 0 0 0 0 0 9782 0 7959 0 156872 0 0 0 MARC FLEMING 140189 0 0 0 0 0 9940 0 16879 0 167008 0 0 0 NICK GIGANTE 132910 0 0 0 0 0 9461 0 16902 0 159273 0 0 0 A MOON INDUSTRIAL DEVELOPMENT AUTHORITY 2006-02-07 1500000 ARTS FACILITY RENOVATION 0 0 0 A 1500000 10000 1490000 2007 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 0 HIGHMARK BOARD MEMBERS VANKIRK 818354 HEALTH INSURANCE - THE TRUST PROCURES HEALTH INSURANCE FROM HIGHMARK FOR ITS EMPLOYEES. 0 PNC BANK BOARD MEMBERS ROHR AND USHER 589495 BANKING - PNC BANK PROVIDES CREDIT CARD PROCESSING SERVICES TO THE TRUST. IN ADDITION, THE TRUST HOLDS A LOAN OUTSTANDING WITH PNC BANK. 0 X 17 903194 MARKET VALUE 0 0 1 0 FORM 990, PART III, LINE 1, COMMUNITY BENEFIT STATEMENT: A CRITICAL PART OF THE TRUST'S MISSION IS TO HELP MAINTAIN THE ARTS ECO-SYSTEM AND PROVIDES ANNUAL FINANCIAL SUPPORT OF CLOSE TO $4 MILLION TO MORE THAN 1,000 ARTS ORGANIZATIONS AND ARTISTS THROUGHOUT THE REGION. THE TRUST DOES THIS THROUGH PROGRAMS SUCH AS THEATER RENTAL SUBSIDIES, JOINT MARKETING, AND OTHER OPERATIONAL SUPPORT. IN ADDITION, THE TRUST PROVIDES SERVICES SUCH AS THE DEPLOYMENT AND SUPPORT OF TICKETING, FUNDRAISING, AND MARKETING SOFTWARE TO 12 SEPARATE ORGANIZATIONS AND PROCESSES $70 MILLION OF ACTIVITY FOR THESE ORGANIZATIONS BEYOND WHAT IS REPORTED IN THIS FORM 990. EVERY YEAR THE TRUST MAKES AVAILABLE OVER $1 MILLION IN FREE AND DISCOUNTED TICKETS TO UNDERSERVED AUDIENCES THROUGHOUT THE REGION AS WELL AS NUMEROUS FREE USES OF TRUST FACILITIES FOR COMMUNITY GROUPS. THE TRUST PROVIDES CLOSE TO $2 MILLION IN FREE PROGRAMMING EVERY YEAR, ATTRACTING WELL OVER 1 MILLION CITIZENS OF THE REGION. THROUGH ITS OWN PROGRAMMING, EVENTS AND ACTIVITIES, AS WELL AS ALL OF WHAT IT SUPPORTS, THE TRUST GENERATES AND PAYS CLOSE TO $3 MILLION ANNUALLY IN PARKING, AMUSEMENT AND REAL ESTATE TAXES. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS: ROHR AND USHER; WADHWANI AND ROHR; GERBER AND ROHR; PORGES AND ROHR; FIELDS AND GREER. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990, 990-T AND REQUIRED SCHEDULES ARE REVIEWED WITH THE PITTSBURGH TRUST FOR CULTURAL RESOURCES' INTERNAL MANAGEMENT AS WELL AS THE AUDIT COMMITTEE. UPON COMPLETION OF THIS REVIEW, THE FORMS ARE FINALIZED AND A COMPLETE COPY PROVIDED TO THE BOARD OF TRUSTEES VIA THE INTRANET SITE. THE RETURNS ARE POSTED TO THE BOARD OF TRUSTEES INTRANET SITE IN ADVANCE OF FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS, DIRECTORS AND KEY EMPLOYEES RECEIVE A COPY OF THE TRUST'S EXISTING CONFLICT OF INTEREST POLICY ALONG WITH A CONFLICT OF INTEREST DISCLOSURE FORM FOR COMPLETION. THIS CONFLICT OF INTEREST DISCLOSURE FORM INCLUDE REQUIREMENTS TO DISCLOSE POTENTIAL CONFLICTS THAT EXIST AT THE DATE OF COMPLETION AS WELL AS THE OBLIGATION BY THE INDIVIDUAL TO INFORM THE TRUST OF ANY POTENTIAL CONFLICTS THAT MAY ARISE IN THE FUTURE. THE COMPLETED AND SIGNED FORMS ARE REVIEWED BY THE AUDIT AND EXECUTIVE COMMITTEES AND MONITORED THROUGHOUT THE YEAR BY THESE TWO COMMITTEES. IN ADDITION, ANY POTENTIAL CONFLICT OF INTEREST AND THE RESOLUTION THEREOF IS CONTEMPORANEOUSLY DOCUMENTED IN THE TRUST'S BOARD MEETING MINUTES. COMPENSATION DECISIONS ARE RECOMMENDED TO THE FULL BOARD BY AN INDEPENDENT COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE TRUST HAS A FORMAL ANNUAL EMPLOYEE PERFORMANCE REVIEW PROCESS FOR ALL STAFF. GENERAL AND MERIT INCREASES ARE GRANTED BASED ON ORGANIZATIONAL PAY RANGES; THE OVERALL PARAMETERS HAVING BEEN APPROVED BY THE TRUST'S BUDGET COMMITTEE. ADDITIONAL STEPS AND BENCHMARKING OCCUR FOR THE PRESIDENT/CEO AND SENIOR STAFF. THESE STEPS INCLUDE THE PARTICIPATION IN MULTIPLE INDUSTRY SALARY SURVEYS, AS WELL AS THE ENGAGEMENT OF AN INDEPENDENT THIRD PARTY FIRM AND THE REVIEW AND APPROVAL BY THE TRUST'S INDEPENDENT COMPENSATION COMMITTEE. ALL CHANGES AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE TRUST'S COMPENSATION COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, EX-OFFICIOS: THE FOLLOWING INDIVIDUALS SERVE AS EX-OFFICIO TRUSTEES OF THE PITTSBURGH TRUST FOR CULTURAL RESOURCES WITH NO VOTING RIGHTS: DEBORAH L. ACKLIN, THADDEUS J. CLEMENTS, JAMES E. CROCKARD, III, RICH FITZGERALD, KAREN S. FLAM, MICHAEL H. GINSBURG, JOSEPH C. GUYAUX, DARLENE M. HARRIS, KENNETH C. MCCRORY, LUKE RAVENSTAHL, SELMA B. SHERMAN, RICHARD P. SIMMONS, H. WOODRUFF TURNER, AARON WALTON. FORM 990, PART XII, QUESTION 2, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE TRUST'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE TRUST HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THEATER SQUARE LLC 803 LIBERTY AVENUE PITTSBURGH PA 15222 251469002 FACILITY OPERATIONS PA 0 0 N/A THE DIETRICH FOUNDATION 600 GRANT STREET SUITE 5360 PITTSBURGH PA 15219 364711746 SUPPORTING ORGANIZATION OF THE PITTSBURGH FOUNDATION PA 501(C)(3) LINE 11A, I 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0