2012-08-10T10:26:32-05:00 2011-09-30 CHERRY BEKAERT & HOLLAND LLP 1111 METROPOLITAN AVENUE SUITE 1000 CHARLOTTE NC 28204 990 2010-10-01 593524613 TAMPA BAY PERFORMING ARTS CENTER FOUNDATION INC TAMP 8132221044 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 JUDITH LISI 8132221044 2012-08-09 1 WILLIAM F BECKER JR 7043771678 2010 2016-02-24 21:20:13Z JUDITH LISI 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 1057256 0 X N/A X 1997 FL TO INSPIRE INDIVIDUALS, CORPORATIONS AND FOUNDATIONS TO ESTABLISH A PERMANENT LEGACY AND INVEST IN TAMPA BAY PERFORMING ARTS CENTER'S EDUCATION PROGRAMS. 19 18 0 0 0 0 20206540 739560 0 0 -1443237 317696 0 0 18763303 1057256 857214 1813562 0 0 122935 128192 0 0 218755 3844518 614866 4824667 2556620 13938636 -1499364 33399424 34308749 852404 3261093 32547020 31047656 X SEE SCHEDULE O 0 0 1813562 1813562 IN FISCAL YEAR 2010/2011, IN CARRYING OUT ITS MISSION IN SUPPORTING THE TAMPA BAY PERFORMING ARTS CENTER, INC. (THE "CENTER") THROUGH DISBURSEMENT OF (A) APPROVED SPENDING POLICY DISTRIBUTION GRANTS AND (B) GRANTS OF GIFTS RECEIVED FROM OTHER FOUNDATIONS TO SUPPORT CENTER EDUCATION AND OPERA PROGRAMS, ARTISTIC INITIATIVES, FACILITY IMPROVEMENTS AND GENERAL OPERATIONS.SPENDING POLICY DISTRIBUTIONS ARE BASED ON THE RELATED ESTABLISHED BOARD POLICY TO PROVIDE A CONSISTENT PROCESS TO MOVE FUNDS FROM THE ENDOWMENT TO OPERATING FUNDS ON AN ANNUAL OR APPROVED BASIS. GIFTS RECEIVED BY THE FOUNDATION AND TRANSFERRED TO THE CENTER FROM OTHER FOUNDATIONS ARE APPROVED BY THE FOUNDATION BOARD OR PER DONOR REQUEST.WITH THE FOUNDATION SERVING AS THE ENDOWMENT FUND AND SUPPORT FOR THE CENTER, THE FOUNDATION PROVIDED FINANCIAL STABILITY IN UNCERTAIN AND CHALLENGING TIMES IN FISCAL YEAR 2010/2011 AND HELPED MAINTAIN THE CENTER'S HIGH STANDARDS OF EXCELLENCE AND CREATIVITY AS WELL AS PROVIDING PATRONS THE ABILITY TO CONTINUE TO ENJOY THE CENTER'S PROGRAMS. 1813562 1 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARY BETH ROSSI 8132221044 1010 N WC MACINNES PLACE TAMPA FL 336023720 HINKS SHIMBERG 1.00 X X 0 0 0 R KENT BAILEY 1.00 X 0 0 0 DON DEFOSSET 1.00 X 0 0 0 STACEY JAEB 1.00 X 0 0 0 JUDY LISI - SEE SCH J PART III 1.00 X 0 462227 94660 SANDY MACKINNON 1.00 X 0 0 0 GENE MARSHALL 1.00 X 0 0 0 GWEN MITCHELL 1.00 X 0 0 0 FRANK MORSANI 1.00 X 0 0 0 FRANK J REIF III 1.00 X 0 0 0 MARTIN SILBIGER 1.00 X 0 0 0 SUSAN SYKES 1.00 X 0 0 0 BILL STARKEY 1.00 X 0 0 0 MICHAEL URETTE 1.00 X 0 0 0 DON WALLACE 1.00 X 0 0 0 JERRY WILLIAMS 1.00 X 0 0 0 BILL WEST 1.00 X 0 0 0 DAVID STRAZ JR 1.00 X 0 0 0 HELEN KERR 1.00 X 0 0 0 MARY BETH ROSSI 40.00 X 0 162766 19496 LORRIN SHEPARD 40.00 X 0 124648 18042 BILL FAUCETT 40.00 X 0 105699 12245 0 855340 144443 1 0 1 0 0 739560 739560 317696 317696 1057256 0 0 317696 1813562 1813562 110881 110881 17311 17311 13071 8213 4858 1061 1061 17284 17284 CENTER ADMINISTRATIVE F 272448 272448 BAD DEBT EXPENSE 232730 232730 PRODUCTION 28077 28077 SUPPLIES 817 817 CREDIT CARD COMMISSIONS 696 696 48682 10912 37770 2556620 1813562 524303 218755 858600 114320 895716 768072 18010872 17072783 568 12966134 14207229 668102 2145777 33399424 34308749 39040 33522 2815000 813364 412571 852404 3261093 X 4123642 2855418 2381092 1883364 26042286 26308874 32547020 31047656 33399424 34308749 -1499364 0 X 0 1 1 X 0 X X 0 0 0 TAMPA BAY PERFORMING ARTS CENTER INC 592037085 7 1 1 1 1813562 1 1813562 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14450646 795192 327797 7220 15566415 12773359 746229 937768 6710 14450646 12356104 87705 -285004 12158805 0.29000 0.71000 1 0 0 GOVERNMENT BONDS 1971922 F COMMON STOCKS 9706273 F MUTUAL FUNDS 1814939 F PREFERRED STOCKS 714095 F 14207229 NOTE RECEIVABLE - DUE FROM CENTER 1452068 INTEREST RECEIVABLE 5158 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 688551 2145777 DUE TO TAMPA BAY PERFORMING ARTS CENTER 412571 412571 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TAMPA BAY PERFORMING ARTS CENTER FOUNDATION, INC (THE "FOUNDATION") IS BENEFICIARY OF THE RELATED FUNDS AT THE COMMUNITY FOUNDATION OF TAMPA BAY AND IS ENTITLED TO ALLOCATED DISTRIBUTIONS OF NET EARNINGS. PERMANENT ENDOWMENT FUNDS HELD IN TRUST BY THE TAMPA BAY COMMUNITY FOUNDATION FOR THE BENEFIT OF THE FOUNDATION CONSIST OF DISTRIBUTION AND USAGE OF INVESTMENT EARNINGS FOR BOTH UNRESTRICTED AND RESTRICTED DONOR DESIGNATED PURPOSES. THE USAGE OF THE UNRESTRICTED EARNINGS ALLOWS THE FOUNDATION THE FLEXIBILITY TO USE THE INVESTMENT INCOME RETURN AS BEST SERVES THE ORGANIZATION'S IMMEDIATE CHALLENGES AND FUNDING REQUIREMENTS AS APPROVED BY THE BOARD. INTERNAL GUIDELINES FOR UNRESTRICTED EARNINGS ALLOW USAGE FOR OPERATING EXPENSES FOR ADMINISTRATIVE AND PROGRAMMING ACTIVITIES AS WELL AS SPECIAL PROJECTS. THE RESTRICTED DONOR DESIGNATIONS ON USAGE OF INVESTMENT EARNINGS ARE RELATED TO EDUCATION MUSIC PROGRAMMING. ENDOWMENT PROGRAM ALSO ALLOWS TAMPA BAY PERFORMING ART CENTER, INC. TO EXPAND ITS EDUCATIONAL PROGRAMMING AND INCREASE ITS IMPACT ON THE COMMUNITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CENTER AND FOUNDATION ARE NOT-FOR-PROFIT ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE, AND ARE ALSO EXEMPT FROM STATE INCOME TAXES. MANAGEMENT BELIEVES THAT THE UNRELATED BUSINESS INCOME GENERATED BY THE STRAZ CENTER IS NOT MATERIAL TO THE FINANCIAL STATEMENTS. ASC TOPIC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. MANAGEMENT ASSERTS THAT NO SUCH UNCERTAIN TAX POSITIONS EXIST FOR THE STRAZ CENTER AT SEPTEMBER 30, 2011 OR 2010. 0 TAMPA BAY PERFORMING ARTS CENTER INC 1010 N WC MACINNES PLACE TAMPA FL 33602 592037085 501(C)(3) 1813562 GENERAL SUPPORT 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: MONEY IS PROVIDED AS APPROVED BY THE FOUNDATION BOARD OF DIRECTORS TO THE TAMPA BAY PERFORMING ARTS CENTER (THE "CENTER") AS A RESULT OF THE FOUNDATION'S ROLE AS A SUPPORTING ORGANIZATION TO THE CENTER, IN ACCORDANCE WITH THE FOUNDATION'S SPENDING POLICY AS APPLICABLE AS WELL AS PER DONOR RESTRICTED DESIGNATIONS ON RESPECTIVE ENDOWMENT EARNINGS. THE FUNDS ARE TO BE USED IN CONJUNCTION WITH THE MISSION OF THE CENTER AND/OR AS DESIGNATED BY RESPECTIVE DONORS. X X X X X X 0 1 0 0 0 0 0 0 0 JUDY LISI - SEE SCH J PART III 0 347547 0 92500 0 22180 0 86985 0 7675 0 556887 0 0 MARY BETH ROSSI 0 162586 0 0 0 180 0 13436 0 6060 0 182262 0 0 SUPPLEMENTAL INFORMATION PART III CONTRIBUTION TO JUDITH LISI EMPLOYEE BENEFIT PLAN INCLUDES DEFERRED COMPENSATION AT A TOTAL NET PRESENT VALUE IN THE AMOUNT OF $86,985. ORGANIZATION MISSION STATEMENT FORM 990, PART III, LINE 1 THE FOUNDATION IS ORGANIZED AS A SUPPORTING ORGANIZATION EXCLUSIVELY FOR, AND IS DEDICATED TO, THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, THE TAMPA BAY PERFORMING ARTS CENTER, INC. (THE "CENTER"), A 501(C)(3) ORGANIZATION TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170 OF THE INTERNAL REVENUE CODE OF 1986, AS SUCH CODE IS AMENDED FROM TIME TO TIME, (THE "INTERNAL REVENUE CODE"). THE FOUNDATION SHALL INVEST ITS FUNDS AND SERVE AS AN ENDOWMENT FUND FOR THE SUPPORTED ORGANIZATION, NAMELY THE TAMPA BAY PERFORMING ARTS CENTER, INC. THE FOUNDATION SHALL ENCOURAGE AND MOTIVATE THE MAKING OF GIFTS, DONATIONS AND BENEFACTIONS BY INTERVIVOS GIFT, DEED WILL AND OTHERWISE, FOR THE ADVANCEMENT, OR PROMOTION, OF PROGRAMS OR AND MAINTENANCE OF, THE ACTIVITIES, OPERATIONS AND CAPITAL PROJECTS OF THE TAMPA BAY PERFORMING ARTS CENTER, INC. THIS ORGANIZATION SHALL CONDUCT CORPORATE AND PUBLIC FUND-RAISING ACTIVITIES ON BEHALF OF THE CENTER AND IN SUPPORT OF THE ACTIVITIES, OPERATIONS AND CAPITAL PROJECTS OF THE CENTER. THE FOUNDATION SHALL DISTRIBUTE ITS NET INCOME AT LEAST ANNUALLY TO THE CENTER. THE FOUNDATION MAY DISTRIBUTE ANY UNRESTRICTED AND QUASI ENDOWMENT FUNDS AS APPROVED BY THE TAMPA BAY PERFORMING ARTS CENTER, INC. THE MISSION STATEMENT OF THE FOUNDATION IS TO INSPIRE INDIVIDUALS, CORPORATIONS AND FOUNDATIONS TO ESTABLISH A PERMANENT LEGACY AND INVEST IN THE CENTER'S EDUCATION PROGRAMS, ARTISTIC INITIATIVES, FACULTY IMPROVEMENTS AND GENERAL OPERATIONS. FORM 990, PART VI, SECTION B, LINE 11 BEFORE THE FORM IS FILED FOR THE FOUNDATION, IT WILL BE REVIEWED BY THE FOUNDATION'S TREASURER AND CFO. THE CFO AND TREASURER WILL THEN PRESENT IT TO THE AUDIT COMMITTEE AT A SPECIAL DEDICATED MEETING WITH A HIGHLIGHTED REVIEW OF THE FORM SECTION BY SECTION BEING DONE BY THE CONTROLLER, CFO AND CEO, AS APPLICABLE. AFTER THE TREASURER AND AUDIT COMMITTEE HAVE REVIEWED THE FORM, THE CFO WILL PROVIDE: (1) A SUMMARY OF THE HIGHLIGHTED REVIEW OF THE FORM 990 SECTION BY SECTION ALONG WITH (2) A FINAL DRAFT OF THE RESPECTIVE FORM 990 FOR THE YEAR BEING FILED TO ALL BOARD MEMBERS WHO HAVE VOTING PRIVILEGES AND (3) A RECOMMENDATION FOR MOTION FOR APPROVAL FOR THE FORM 990 TO BE FILED AS BEING PRESENTED IN FINAL DRAFT FORM. THIS WILL BE DONE VIA A PROTECTED BOARD PORTAL WEBSITE FOR WHICH PASSWORDS WILL BE GIVEN FOR PROTECTED ACCESS. BOARD MEMBERS WILL HAVE THE OPPORTUNITY TO SEND IN QUESTIONS AND/OR SEND IN THEIR RESPECTIVE APPROVALS. THE TREASURER, CFO AND AUDIT COMMITTEE WILL ACCEPT AND RESPOND TO ANY QUESTIONS RAISED BY BOARD MEMBERS. AS PART OF THE SUBMITTED FORM 990 PRESENTATION TO THE BOARD, THE AUDIT AND FINANCE COMMITTEES WILL ALSO, BASED ON THEIR REVIEW OF THE FORM, MAKE NECESSARY RECOMMENDATIONS TO THE BOARD REGARDING GOVERNANCE, POLICIES, DISCLOSURE, ETC. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EXECUTIVE STAFF (CEO, CFO, COO AND VICE PRESIDENTS) ARE REQUIRED, ON AN ANNUAL BASIS TO: (1) READ THE CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY, (2) SIGN OFF ON ACKNOWLEDGMENT THAT POLICY HAS BEEN READ AND RECEIVED AND (3) COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. THE CFO REVIEWS THE COMPLETED ANNUAL CONFLICT OF INTEREST DISCLOSURE FORMS. ANY CONCERNS ON CONFLICTS ARE RAISED TO THE CEO, VP OF DEVELOPMENT (STAFF LIAISON TO THE BOARD GOVERNANCE COMMITTEE) AND THE BOARD GOVERNANCE COMMITTEE AS APPLICABLE. IF ANY BOARD MEMBER OR EXECUTIVE STAFF DOES NOT COMPLETE THE RELATED ANNUAL FORMS, THE VP OF DEVELOPMENT WILL ADDRESS ACCORDINGLY. IF THERE ARE ANY QUESTIONS ON CONFLICT, THE RELATED BOARD MEMBER OR KEY EXECUTIVE STAFF MEMBER IS REQUIRED TO DISCLOSE AND REMOVE HIMSELF OR HERSELF FROM VOTING ON A PARTICULAR MATTER, DECLINE IN PARTICIPATION IN A CONFLICTING BID FOR RELATED BUSINESS WITH THE ORGANIZATION OR NOT APPLY FOR EMPLOYMENT AS A STAFF POSITION IF IT IS DETERMINED THERE IS AN ACTUAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE FOUNDATION ARE CENTER EMPLOYEES AND ARE SUBJECT TO COMPENSATION, CLASSIFICATION AND ALL OTHER PERSONNEL POLICIES OF THE CENTER. THE CENTER PERIODICALLY REVIEWS ITS CLASSIFICATION AND COMPENSATION STRUCTURE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VII THE FOLLOWING INDIVIDUALS SPENT TIME WORKING FOR THE TAMPA BAY PERFORMING ARTS CENTER, INC., A RELATED ORGANIZATION: HELEN KERR 1 HR/WK JUDITH LISI 40 HRS/WK SANDY MACKINNON 1 HR/WK GENE MARSHALL 1 HR/WK FRANK L. MORSANI 1 HR/WK HINKS SHIMBERG 1 HR/WK MARTIN SILBIGER 1 HR/WK SUSAN SYKES 1 HR/WK MICHAEL E. URETTE 1 HR/WK BILL WEST 1 HR/WK DON WALLACE 1 HR/WK MARY BETH ROSSI 40 HRS/WK LORRIN SHEPARD 40 HRS/WK TAMPA BAY PERFORMING ARTS CENTER INC 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 592037085 PERFORMING ARTS FL 501 (C)(3) 7 N/A 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0