2012-04-13T13:46:49-05:00 2011-05-31 MCGLADREY & PULLEN LLP 80 CITY SQUARE BOSTON MA 02129 990 2010-06-01 510197209 THE WANG CENTER FOR THE PERFORMING ARTS INC WANG 6174829393 270 TREMONT STREET BOSTON MA 02116 JOSIAH A SPAULDING JR 6174829393 2012-04-13 1 LYNNE JOHNSON 6179129000 2010 2016-02-24 21:20:13Z CITI PERFORMING ARTS CENTER JOSIAH A SPAULDING JR 270 TREMONT STREET BOSTON MA 02116 11504217 0 X WWW.CITICENTER.ORG X 1976 MA AS ONE OF THE NATION'S LEADING NON-PROFIT PERFORMING ARTS INSTITUTIONS AND GUARDIAN OF THE HISTORIC WANG AND SHUBERT THEATRES, IT HONORS ALL ASPECTS OF THE PERFORMING ARTS OFFERING THEATRE, OPERA, CLASSICAL AND POPULAR MUSIC, ONE-NIGHT ENGAGEMENTS, AND BROADWAY MUSICALS. LOCATED IN BOSTON'S HISTORICAL THEATER DISTRICT, IT OFFERS A DIVERSE MIX OF EDUCATIONAL WORKSHOPS AND COMMUNITY ACTIVITIES THROUGH ITS EDUCATION DEPARTMENT; (SEE CONTINUATION ON THE LAST PAGE OF SCHEDULE O) 18 17 75 24 893584 0 1045556 4100336 2947941 2196423 489369 -713475 1344334 1403805 5827200 6987089 0 0 0 0 2227732 2415073 0 27412 732498 1941538 1246767 4169270 3689252 1657930 3297837 33762856 38349214 4034477 2763107 29728379 35586107 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 NONPROFIT 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 WITH THE BOSTON LYRIC OPERA, THE WANG CENTER FOR THE PERFORMING ARTS STRIVES TO EDUCATE AND INSPIRE GREATER APPRECIATION FOR THE PERFORMING ARTS AS AN ESSENTIAL COMPONENT TO THE FABRIC OF OUR SOCIETY. (SEE SCHEDULE O FOR CONTINUATION) 0 0 448100 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 YEARS. 98757 595931 THE CENTER ORGANIZES AND DEVELOPS MANY PROGRAMS INCLUDING THEATRE, MUSIC, DANCE, AND OTHER ARTS. 546857 1 1 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 42 0 1 75 1 1 1 0 0 0 0 1 1 0 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 CFO 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 CHARLES POLACHI 1.00 X X 0 0 0 JOSIAH A SPAULDING JR 40.00 X 431697 0 41626 PETER FIFIELD 40.00 X 148333 0 33048 LORRAINE C WANG 1.00 X 0 0 0 JOHN F PERKINS 40.00 X 0 0 0 SUSAN DAHLING SULLIVAN 40.00 X 184492 0 8916 NANCY SKINNER 40.00 X 196326 0 10895 MICHAEL SZCZEPKOWSKI 40.00 X 141482 0 27492 1102330 0 121977 5 0 1 0 TRP SPORTS & ENTERTAINMENT MARKETING 9B HAMILTON PLACE BOSTON MA 02109 SPONSOR COMMISSIONS 333436 EVERON TECHNOLOGY SERVICES 280 SUMMER STREET BOSTON MA 02210 INFORMATION TECHNOLOGY 160092 2 209825 3890511 34999 4100336 QUALIFIED SPONSORSHIP 900099 1219292 1219292 THEATRE OPERATIONS INC 711110 595931 595931 SALE OF TICKET RIGHTS 711110 381200 381200 2196423 538396 538396 3265257 4441645 75483 -1176388 -75483 -1251871 -1251871 MANAGEMENT FEE 541610 1403805 510221 893584 1403805 6987089 2706644 893584 -713475 1196827 156113 795673 245041 791889 29199 516158 246532 41418 3572 30149 7697 224382 23805 154722 45855 160557 21165 96166 43226 29021 29021 27220 27220 27412 27412 67218 67218 151795 2 121377 30416 24015 10212 4043 9760 108889 10401 55104 43384 76941 7383 53110 16448 37914 37914 19228 7994 6900 4334 5742 1190 2696 1856 23171 23171 127904 95192 32712 31357 31357 MAINTENANCE CONTRACTS 252287 73 251962 252 ARTIST FEES 107900 107900 TICKET EXPENSE 59575 59575 CONCESSIONS 33875 283 31184 2408 BUSINESS FEES 30213 26138 4075 32502 12798 15902 3802 3689252 546857 2409897 732498 1975353 1860442 812927 3326469 34619 11807 103499 92836 1784311 1284699 705767 499612 12029096 10548043 7000 3338626 18094595 18671379 33762856 38349214 599950 293739 1795515 1400000 1639012 1069368 4034477 2763107 X 17323308 19502080 6393893 10072849 6011178 6011178 29728379 35586107 33762856 38349214 X 3297837 2559891 X 0 1 1 X 0 X 1914534 2061065 3305492 1045556 4100336 12426983 1914534 2061065 3305492 1045556 4100336 12426983 2227710 10199273 755308 377315 852187 840861 538396 3364067 793601 893584 1687185 70630 23298 226210 185650 505788 17984023 17330700 0.56710 0.54990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9153083 1216441 336601 10032923 7900319 1616104 363340 9153083 10712196 -2375682 389000 47195 7900319 0.00000 0.59910 0.40090 1 0 358380 119154 239226 1197133 1104719 92414 228798 60826 167972 499612 MULTI-ASSET FUND 3338626 F 3338626 DUE FROM WANG THEATRE, INC. 3071724 DUE FROM TREMONT THEATRE, INC. 6377374 DUE FROM WANG CENTER PRODUCTIONS, INC. 2975204 DUE FROM WANG THEATRE PRESENTS, INC. 6247077 18671379 LIABILITY UNDER CAPITAL LEASE 69368 LINE OF CREDIT 1000000 1069368 6987089 3689252 3297837 2559891 2559891 5857728 9555245 2559891 -67218 2492673 7062572 -75483 -75483 6987089 3697517 75483 75483 3622034 67218 67218 3689252 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. THESE PROVISIONS BECAME EFFECTIVE FOR THE CENTER DURING THE YEAR ENDED MAY 31, 2010. THE PROVISIONS ARE TO BE APPLIED TO ALL TAX POSITIONS UPON INITIAL APPLICATION OF THIS STANDARD, AND ONLY TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AT THE EFFECTIVE DATE MAY BE RECOGNIZED OR CONTINUE TO BE RECOGNIZED UPON ADOPTION OF THIS APPLICATION. BASED ON APPLYING THE EFFECT OF THESE PROVISIONS, THERE WAS NO IMPACT TO THE FINANCIAL STATEMENTS REQUIRING AN ADJUSTMENT TO THE OPENING BALANCE OF NET ASSETS. 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 2008. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEE EXPENSES NETTED WITH INCOME ON AUDITED FS -67,218. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF LEASEHOLD IMPROVEMENTS -75,483. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF LEASEHOLD IMPROVEMENTS 75,483. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEE EXPENSES NETTED WITH INCOME ON AUDITED FS 67,218. X X X X 1 COPLEY RAFF INC 233 NEEDHAM STREET SUITE 300 NEWTON MA 02464 COLORFUL CAMPAIGN FEASIBILITY STUDY 0 0 0 20474 CATHERINE COLEMAN 7 WHITTIER DRIVE ACTON MA 01720 GRANT WRITING - KRESGE GRANT 0 0 0 6938 27412 MA X X X X X 1 0 0 0 0 0 0 0 0 JOSIAH A SPAULDING JR 401030 0 20000 0 10667 0 8143 0 33483 0 473323 0 0 0 PETER FIFIELD 147925 0 0 0 408 0 4581 0 28467 0 181381 0 0 0 SUSAN DAHLING SULLIVAN 177324 0 7000 0 168 0 5344 0 3572 0 193408 0 0 0 NANCY SKINNER 177006 0 0 0 19320 0 5344 0 5551 0 207221 0 0 0 MICHAEL SZCZEPKOWSKI 136074 0 5000 0 408 0 4137 0 23355 0 168974 0 0 0 PART I, LINE 4A THE WANG CENTER FOR THE PERFORMING ARTS, INC. ("CENTER") HAD ENTERED INTO A SEVERANCE AGREEMENT WITH PETER FIFIELD, FORMER CFO. AS PROVIDED IN THE TERMS OF THE AGREEMENT, THE CENTER WILL PAY THE CURRENT WEEKLY SALARY AS SEVERANCE PAY FOR THREE MONTHS, LESS APPLICABLE WITHHOLDINGS AND DEDUCTIONS. THE TOTAL SEVERANCE PAYMENTS MADE BY THE CENTER DURING THE FISCAL YEAR 2011 TO PETER FIFIELD WERE $17,829. THE CENTER HAD ALSO 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 2011 TO NANCY SKINNER WERE $48,529. NATHAN PUSEY SEE PART V 45263 SEE PART V 0 NATHAN PUSEY SEE PART V 1639977 SEE PART V 0 SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF INTERESTED PERSON: CITIBANK(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: NATHAN PUSEY, DIRECTOR OF THE BOARD, IS AN OFFICER OF CITIBANK(C) AMOUNT OF TRANSACTION: $45,263(D) DESCRIPTION OF TRANSACTION: BUSINESS FEES TO CITIGROUP(E) SHARING OF ORGANIZATION'S REVENUES? NO(A) NAME OF INTERESTED PERSON: CITIBANK(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: NATHAN PUSEY, DIRECTOR OF THE BOARD, IS AN OFFICER OF CITIBANK(C) AMOUNT OF TRANSACTION: $1,639,977(D) DESCRIPTION OF TRANSACTION: SPONSORSHIP PAYMENT FROM CITIGROUP(E) SHARING OF ORGANIZATION'S REVENUES? NO X 14 FAIR MARKET VALUE X 2 30085 FAIR MARKET VALUE X 2 162 FAIR MARKET VALUE X MBTA PASSES 1 3540 FAIR MARKET VALUE X PHOTOGRAPHY 1 1198 FAIR MARKET VALUE 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR THE PUBLIC SECURITIES IS BASED ON THE NUMBER OF GIFTS RECEVIED. THE NUMBER OF CONTRIBUTIONS FOR OTHER NON-CASH ITEMS IS BASED ON THE NUMBER OF CONTRIBUTIONS. THIRD PARTY USE: PART I, 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 COURTNEY WANG - DIRECTOR *LORRAINE WANG AND COURTNEY WANG 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 UNDERSTANDS 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 NONPROFIT TAX EXEMPT CORPORATIONS. ACTING AS MEMBERS 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 NONPROFIT ORGANIZATIONS. *TO ASSEMBLE AND EVALUATE COMPARATIVE DATA BY OBTAINING, REVIEWING, AND ASSIMILATING COMPARABLE COMPENSATION DATA WITH RESPECT TO CEO AND OFFICER-LEVEL COMPENSATION POLICIES 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 AT 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. IN ADDITION, THE ORGANIZATION'S FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,559,891. 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. FORM 990, PART I, LINE 1: COLLABORATES WITH ARTISTS AND LOCAL PERFORMING ARTS ORGANIZATIONS, AND ACTS AS A CHAMPION FOR THE ARTS IN NEW ENGLAND TO INSURE THAT THE ARTS ARE AN INTEGRAL PART OF THE COMMUNITY'S COLLECTIVE, DAILY EXPERIENCE. WANG THEATRE INC 270 TREMONT STREET BOSTON MA 02116 043317597 ARTS PROGRAMMING MA 501(C)(3) LINE 11A, I 1 TREMONT THEATRE INC 270 TREMONT STREET BOSTON MA 02116 043317590 ARTS PROGRAMMING MA 501(C)(3) LINE 11A, I 1 WANG CENTER PRODUCTIONS INC 270 TREMONT STREET BOSTON MA 02116 043317595 ARTS PROGRAMMING MA 501(C)(3) LINE 11A, I 1 WANG THEATRE PRESENTS INC 270 TREMONT STREET BOSTON MA 02116 263055454 ARTS PROGRAMMING MA N/A C 20658728 2012927 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 TREMONT THEATRE INC K 230784 FAIR MARKET VALUE WANG THEATRE INC K 230784 FAIR MARKET VALUE WANG THEATRE PRESENTS INC K 893584 FAIR MARKET VALUE