President & Exec Director

2012-08-14T12:51:37-05:00 2011-12-31 271895149 Heveron & Heveron CPAs 260 Plymouth Avenue South Rochester NY 14608 990 2011-01-01 202236574 Friends of The Constellation Brands - Marvin Sands Performing Arts CenterInc FRIE 5856787181 207 High Point Drive Bldg 100 Victor NY 14564 Virginia Clark President & Exec Director 5856787181 2012-08-10 1 Brenda Smith P00617844 5852322956 2011 2016-02-24 21:20:13Z Virginia Clark 207 High Point Drive Bldg 100 Victor NY 14564 5554424 0 X www.cmacevents.com X 2005 NY To nurture the arts for our community and provide the ultimate in music and entertainment. 16 16 0 20 0 0 424681 787556 4594502 3775052 0 0 694029 512669 5713212 5075277 0 0 0 0 0 0 0 0 0 5863741 5256864 5863741 5256864 -150529 -181587 15673854 15511927 13642909 14605316 2030945 906611 To nurture the arts for our community and provide the ultimate in music and entertainment. 0 0 4341604 4287721 The Performing Arts Center held 27 events during the year ended December 31, 2011, that were attended by approximately by 90,000 people. 4341604 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 36 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 16 16 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X The Organization 5856787181 207 High Point Drive Bldg 100 Victor NY 14564 X Virginia Clark President & Executive Director 10.00 X X 0 0 0 Diana Lauria Director and Vice President 0.30 X X 0 0 0 Oksana Dominach Treasurer and Director 10.00 X X 0 0 0 Richard Sands Director (Chairman) 0.30 X 0 0 0 Ronald Billitier Jr Director 0.30 X 0 0 0 Lauren Dixon Director 0.30 X 0 0 0 George Hamlin IV Director 0.30 X 0 0 0 James Locke III Director 0.30 X 0 0 0 Dr Barbara Risser Director and Vice President 0.30 X X 0 0 0 Ginny Ryan Director 0.30 X 0 0 0 Stency Wegman Director 0.30 X 0 0 0 Dennis Wilmot Director 0.30 X 0 0 0 Philip Yawman Director 0.30 X 0 0 0 Asher Flaum Director 0.30 X 0 0 0 John Garvey Director 0.30 X 0 0 0 Allyssa Birth Director 0.30 X 0 0 0 Barbara LaVerdi Secretary 2.00 X 0 0 0 Stephen Wake Assistant Treasurer 4.00 X 0 0 0 Sarah Axelrod Vice President 10.00 X 0 0 0 0 0 0 0 0 0 0 0 500000 287556 31000 787556 Ticket Sales 711300 3008932 3008932 Sponsorships 711300 222798 222798 Parking 711300 197257 197257 Ticket Rebates 711300 186348 186348 Box Income 711300 134717 134717 25000 25000 3775052 961588 479147 482441 482441 Other Revenue 711300 30228 30228 30228 5075277 4287721 0 0 307990 307990 8651 8651 16093 16093 216945 216945 258771 258771 2168 2168 16065 16065 485154 485154 448502 327320 121182 63490 63490 Maintenance 87505 87505 Talent 2236929 2236929 Concert 890154 890154 Parking 109042 109042 109405 86164 23241 5256864 4341604 915260 0 43873 810226 260085 126239 3253136 3228009 16625 7434 219076 165028 12289219 1700640 10447618 10588579 1433441 586412 15673854 15511927 62459 600046 20065 702138 9515000 8715000 2580000 2180000 1465385 2408132 13642909 14605316 X -1222191 -2321398 3253136 3228009 2030945 906611 15673854 15511927 X -181587 -942747 X 0 1 1 X 0 X 628716 621995 1349038 324243 787556 3711548 234722 5067057 3743964 6074870 4736640 19857253 863438 5689052 5093002 6399113 5524196 23568801 140000 541678 1101778 83382 59250 1926088 23426 2172 30833 56431 140000 541678 1125204 85554 90083 1982519 21586282 7933 7933 7933 7933 200 8595 14385 83639 30228 137047 871571 5697647 5107387 6482752 5554424 23713781 0.91030 0.88890 0.00030 0.00220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12204068 1675396 10528672 85151 25244 59907 10588579 Interest Rate Swap Contract 2408132 2408132 5075277 5256864 -181587 -942747 -942747 -1124334 5380020 304743 304743 5075277 0 5075277 5561607 304743 304743 5256864 0 5256864 Description of Uncertain Tax Positions Under FIN 48: Part X: In June 2006, FASB issued guidance on Accounting for Uncertainty in Income Taxes. This guidance addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. For tax-exempt entities, their tax-exempt status itself is deemed to be an uncertainty, since events could potentially occur to jeopardize their tax-exempt status. This guidance provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition. The Organization adopted this guidance on January 1, 2008 and there was no impact to the Organization's financial statements at December 31, 2011 and December 31, 2010. As of December 31, 2011 and December 31, 2010, the Organization did not have a liability for unrecognized tax benefits. The Organization files informational tax returns in the U.S. federal jurisdiction and New York State. The Organization is no longer subject to U.S. federal and state income tax examinations by tax authorities for years through 2007. Schedule D, Part XI, Line 8: Loss on Change in Fair Value of Derivative Instruments Ontario County Industrial Development Agency 106002565 683058AC5 2005-08-23 10195000 Acquisition and renovation of the amphitheatre 0 1 0 9680000 3072 399790 9203210 77000 2006 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 RBS Citizens NA 20.000000000000 0 0 0 0 0 Constellation Brands Common Directors/Officers 59250 Box Sponsorship/Other 0 Constellation Wines US Common Directors/Officers 72421 Box Sponsorship/Other 0 X Printed Material and Signage 2 31000 FMV 0 0 0 0 Method for Determining Number of Contributors: Part I, Column (b): The Organization has reported the number of separate contributors for the donated printed material, not the amount of items donated. Schedule M, Part I, Line 31: The Organization has adopted a gift-acceptance policy after the end of its tax year, but prior to filing the Form 990. Form 990, Part VI, Section A, line 2 Richard Sands, James Locke, Oksana Dominach, Barbara LaVerdi, Virginia Clark, Sarah Axelrod, and Stephen Wake have a business relationship. Form 990, Part VI, Section A, line 3 The Organization engaged a management company to oversee day to day operations of the venue. The Organization also engaged the services of a booking agent for the concert season. Form 990, Part VI, Section A, line 8b There are no other committees with authority to act on behalf of the Board of Directors. Form 990, Part VI, Section B, line 11 The President, Treasurer, Assistant Treasurer, and Secretary review the Form 990 and update the Board on any material matters related to the document. The Form 990 is provided to all Board members for their review before filing. Form 990, Part VI, Section B, line 12c Board members are required to disclose any conflicts of interest on an annual basis. Any conflicts identified are made known to all board members and addressed appropriately. Form 990, Part VI, Section B, Line 15a: The Organization does not have any key employees that receive compensation. Form 990, Part VI, Section C, line 19 The Organization provides documents upon request, and complies with all applicable federal and state regulations. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Loss on Change in Fair Value of Derivative Instruments -942,747. Total to Form 990, Part XI, Line 5: -942,747.