2012-05-10T15:51:45-05:00 2011-06-30 CALER DONTEN LEVINE ET AL PA 505 SOUTH FLAGLER DR 900 WEST PALM BEACH FL 334015948 990 2010-07-01 592245054 RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS INC RAYM 5618338300 701 OKEECHOBEE BOULEVARD WEST PALM BEACH FL 33401 JUDITH MITCHELL 5618338300 2012-05-09 1 THOMAS A PENCE JR 5618329292 2010 2016-02-24 21:20:13Z JUDITH MITCHELL 701 OKEECHOBEE BLVD W PALM BCH FL 33401 37200418 0 X WWW.KRAVIS.ORG X 1982 FL PRESENT A DIVERSE SCHEDULE OF PERFORMING ARTISTS, FOSTER ARTS EDUCATION, AND SUPPORT TOURISM. 24 24 212 600 0 0 6051379 4596429 20414654 15743861 2578518 2946803 51939 -37186 29096490 23249907 0 0 0 0 6403623 6653384 0 0 955278 20654924 16640853 27058547 23294237 2037943 -44330 123979546 125647007 40519898 40569749 83459648 85077258 X THE RAYMOND F. KRAVIS CENTER FOR THE PERFORMING ARTS, LOCATED IN WEST PALM BEACH, FLORIDA, IS A NOT-FOR-PROFIT PERFORMING ARTS CENTER. ITS MISSION IS TO ENHANCE THE QUALITY OF LIFE IN PALM BEACH COUNTY BY PRESENTING A DIVERSE SCHEDULE OF NATIONAL AND INTERNATIONAL PERFORMING ARTISTS AND COMPANIES OF THE HIGHEST QUALITY. THE KRAVIS CENTER ALSO FOSTERS ARTS EDUCATION BY OFFERING COMPREHENSIVE EDUCATION AND COMMUNITY OUTREACH PROGRAMS. AS A COMMUNITY LEADER AND MAJOR ECONOMIC CATALYST, THE CENTER SEEKS TO SHOWCASE REGIONAL PERFORMING ARTS ORGANIZATIONS AND TO SUPPORT EFFORTS TO INCREASE TRAVEL AND TOURISM TO PALM BEACH COUNTY. 0 0 16651014 12172213 MAIN/BROADWAY AND REGIONAL ARTS SERIES - PROVIDE THE COMMUNITY WITH THEATRICAL, DANCE AND MUSICAL PRESENTATIONS TO BROADEN THE COMMUNITY'S EXPOSURE TO THE PERFORMING ARTS. 111 SHOWS. 1146115 133885 COMMUNITY OUTREACH / EDUCATIONAL SERIES - PROVIDE EXPOSURE TO PERFORMING ARTS TO SCHOOL CHILDREN AND OTHER SEGMENTS OF THE COMMUNITY AT AFFORDABLE PRICES. 138 EVENTS. 265965 386186 ADULTS AT LEISURE SERIES - SERIES OF DIVERSE MATINEE PROGRAMS AIMED AT MAKING THE ARTS AVAILABLE TO THE COMMUNITY'S SENIOR CITIZENS AT AFFORDABLE PRICES. 12 SHOWS. 601367 371705 RINKER PLAYHOUSE, PERSSON HALL AND GOSMAN AMPHITHEATER PERFORMANCES - DIVERSE PROGRAMMING OFFERINGS IN THE CENTER'S INTIMATE BLACK BOX RINKER PLAYHOUSE AND PERSSON HALL THEATERS AND OUTDOOR GOSMAN AMPHITHEATER TO FURTHER PROVIDE THE COMMUNITY WITH PROGRAMMING TO BROADEN THEIR EXPOSURE TO THE PERFORMING ARTS. 68 SHOWS. 18335 12185 YOUNG ARTIST SERIES - A SERIES OF SHOWS PRESENTED IN THE CENTER'S RINKER PLAYHOUSE WHICH SHOWCASES THE NEXT GENERATION OF CLASSICAL MUSIC STARS. 4 SHOWS. 64340 43134 FAMILY FARE SERIES - A SERIES OF SHOWS TO PROVIDE AFFORDABLE PROGRAMMING TO FAMILIES. 5 SHOWS. 684042 427024 18747136 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 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 0 0 0 0 0 1 260 0 1 212 1 0 1 CJ 0 0 1 1 1 1 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X KYLE ROBERTS RUGE CFO 5618338300 701 OKEECHOBEE BOULEVARD WEST PALM BEACH FL 33401 JOHN J BROGAN 2.00 X 0 0 0 ALEX W DREYFOOS 2.00 X 0 0 0 RORY A BROWN 2.00 X 0 0 0 STEPHEN L BROWN 2.00 X X 0 0 0 MRS KATHRYN C VECELLIO 2.00 X 0 0 0 ALEC FLAMM 2.00 X 0 0 0 AMIN J KHOURY 2.00 X X 0 0 0 WILLIAM A MEYER 2.00 X X 0 0 0 JOHN JENKINS 2.00 X 0 0 0 SIDNEY KOHL 2.00 X 0 0 0 MRS LEE WOLF 2.00 X 0 0 0 BARBARA EVANS GOLDEN 2.00 X 0 0 0 GARRISON DUP LICKLE 2.00 X X 0 0 0 JANE MITCHELL 2.00 X X 0 0 0 MICHAEL BRACCI 2.00 X 0 0 0 LAURIE SILVERS 2.00 X 0 0 0 DAVID KOSOWSKY 2.00 X 0 0 0 MARK LEVY 2.00 X 0 0 0 TED MANDES 2.00 X 0 0 0 JOSEPH SANCHES 2.00 X 0 0 0 HERBERT GIMELSTOB 2.00 X 0 0 0 JAMES HARPEL 2.00 X 0 0 0 DANIEL PONTON 2.00 X 0 0 0 JEFFREY BATEMAN 2.00 X 0 0 0 JUDITH A MITCHELL 40.00 X X 335686 0 18039 KYLE ROBERTS RUGE 40.00 X X 194971 0 15364 JAMES MITCHELL 40.00 X 168718 0 15693 LEE BELL 40.00 X 161203 0 15094 ANDREW SEGALOFF 40.00 X 114172 0 7098 DIANE BERGNER 40.00 X 110812 0 13102 1085562 0 84390 6 0 1 0 REID & ZOBEL PA 222 LAKEVIEW AVENUE WEST PALM BEACH FL 33401 LEGAL SERVICES 858415 TONIGHT TOURING LIMITED PARTNERSHIP 1560 BROADWAY SUITE 409 NEW YORK NY 10036 ARTIST PERFORMANCE 559340 BTB TOURING COMPANY LLC 7135 MINSTREL WAY 105 COLUMBIA MD 21045 ARTIST PERFORMANCE 491801 COLUMBIA ARTISTS MANAGEMENT LLC 1790 BROADWAY 6TH FLOOR NEW YORK NY 10019 ARTIST PERFORMANCE 470000 OPUS 3 ARTISTS LLC 470 PARK AVENUE SOUTH 9TH FLOOR NEW YORK NY 10016 ARTIST PERFORMANCE 460000 23 792764 3803665 4596429 THEATER ADMISSIONS 711190 13119308 13119308 THEATER RENTAL 711190 1363090 1363090 OTHER INCOME 711190 1261463 1261463 15743861 1005070 1005070 15405891 13464158 1941733 1941733 1941733 356040 792764 438804 -82764 -82764 93127 47549 45578 45578 23249907 15743861 0 2909617 898299 312243 577450 8606 4523298 3093895 896156 533247 115022 69569 23102 22351 661795 408413 185310 68072 454970 280774 127398 46798 72526 36159 36367 325243 325243 62294 62294 88580 88580 1331473 1318240 13233 203221 5137 196452 1632 58599 8404 50195 1283075 1025434 196464 61177 71136 71136 359522 301715 57807 2900240 2433918 466322 200338 160110 30676 9552 LEAD & OTHER ARTIST FEE 6953268 6953268 STAGE LABOR & TECH COST 1037664 1037664 MAINTENANCE & CUSTODIAL 537859 439924 74680 23255 CREDIT CARD FEES 387938 357091 30847 DONOR BENEFITS 143112 71556 71556 624765 505178 54635 64952 23294237 18747136 3591823 955278 129000 62773 2387407 2876430 12130455 10787348 42783 16758 56438 45652 786885 724323 110440151 39875181 72876912 70564970 35303604 40309335 266062 259418 123979546 125647007 689609 624308 3410289 3675441 36420000 36270000 40519898 40569749 X 59314533 60345694 15627396 14663724 8517719 10067840 83459648 85077258 123979546 125647007 X -44330 1661940 X 0 1 1 X 0 X 7134426 7120580 3912142 6051379 4596429 28814956 11953464 13533126 14923528 20414654 15743861 76568633 76868 98413 93127 268408 19087890 20653706 18912538 26564446 20433417 105651997 454158 486527 541650 570725 579841 2632901 0 454158 486527 541650 570725 579841 2632901 103019096 965913 894330 912433 1083997 1005070 4861743 965913 894330 912433 1083997 1005070 4861743 20053803 21548036 19824971 27648443 21438487 110513740 0.93220 0.91950 0.04400 0.04530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39322087 201427 5914918 1473646 43964786 41131292 153215 2589529 4551949 39322087 51611050 56100 -9849992 685866 41131292 0.77100 0.22900 0 0 4499300 4499300 88939050 29834984 59104066 9404421 7603196 1801225 7597380 2437001 5160379 70564970 23249907 23294237 -44330 3070872 -1408932 1661940 1617610 26061261 3070872 91101 3161973 22899288 88580 262039 350619 23249907 24443651 1500033 1500033 22943618 88580 262039 350619 23294237 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC740, INCOME TAXES, WHICH STATES THAT MANAGEMENT'S DETERMINATION OF THE TAXABLE STATUS OF AN ENTITY, INCLUDING ITS STATUS AS A TAX EXEMPT ENTITY, IS A TAX POSITION SUBJECT TO THE STANDARDS REQUIRED FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT DOES NOT BELIEVE THAT THE ORGANIZATION HAS ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY U.S. AUTHORITIES FOR FISCAL YEARS THROUGH JUNE 30, 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: HURRICANE DAMAGE REPAIRS AND EXPENSE -1,408,932. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL REVENUE EDUCATION AND OUTREACH PROGRAMS 91,101. PART XII, LINE 4B - OTHER ADJUSTMENTS: THEATRE ADMISSIONS REVENUE - EDUCATION AND OUTREACH PROGRAMS 262,039. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL REVENUE EDUCATION AND OUTREACH PROGRAMS 91,101. HURRICANE DAMAGE REPAIRS AND EXPENSE 1,408,932. PART XIII, LINE 4B - OTHER ADJUSTMENTS: THEATRE ADMISSIONS REVENUE - EDUCATION AND OUTREACH PROGRAMS 262,039. WINE AUCTION 590460 324200 266260 130047 100413 ANNUAL GALA 439755 361725 78030 55533 9500 124722 1 118589 106839 11750 18589 1148804 792764 356040 185580 9500 243724 438804 -82764 X X X 0 0 0 0 0 0 0 0 0 JUDITH A MITCHELL 335686 0 0 0 0 0 11000 0 7039 0 353725 0 0 0 KYLE ROBERTS RUGE 194971 0 0 0 0 0 8250 0 7114 0 210335 0 0 0 JAMES MITCHELL 168718 0 0 0 0 0 8579 0 7114 0 184411 0 0 0 LEE BELL 161203 0 0 0 0 0 7980 0 7114 0 176297 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JUDITH MITCHELL, OFFICER AND KEY EMPLOYEE, IS RELATED BY MARRIAGE TO JAMES MITCHELL, KEY EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 11 THE CENTER'S FORM 990 RETURN IS PREPARED BY THE CHIEF FINANCIAL OFFICER, THEN REVIEWED BY THE CENTER'S INDEPENDENT AUDITORS AND CHIEF EXECUTIVE OFFICER. PRIOR TO FILING THE FORM IS ALSO REVIEWED WITH THE CENTER'S AUDIT COMMITTEE AND FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CENTER ANNUALLY REQUIRES ALL MEMBERS OF THE BOARD OF DIRECTORS AND KEY MANAGEMENT STAFF TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. ANY RESPONSES WHICH OUTLINE A POTENTIAL CONFLICT ARE REVIEWED BY THE CENTER'S AUDIT COMMITTEE WHO WILL MAKE RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS AS A RESOLUTION. THE RESOLUTIONS COULD INCLUDE: THE DIRECTOR WITH A POTENTIAL CONFLICT WOULD RECUSE THEMSELVES FROM ANY VOTES RELATING TO MATTERS INVOLVING THE POTENTIAL CONFLICT AND/OR WOULD NOT SERVE ON ANY COMMITTEE CHARGED WITH OVERSIGHT OF THE AREA OF POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS BASED ON AN ANNUAL PERFORMANCE EVALUATION PREPARED BY THE CHAIRMAN OF THE BOARD, INCLUSIVE OF A SALARY INCREASE RECOMMENDATION. THIS IS THEN REVIEWED BY THE FULL BOARD OF DIRECTORS, THE CEO SALARY IS ALSO ANNUALLY COMPARED TO COMPARATIVE SALARIES OF OTHER NOT-FOR-PROFIT ARTS ORGANIZATION CEO'S VIA COMPARISON TO OTHER ORGANIZATION FORM 990'S AND TO SALARY INFORMATION CONTAINED IN AN INDUSTRY COMPARISON (PERFORMING ARTS CENTER CONSORTIUM SALARY SURVEY). THE SENIOR DIRECTOR OF THEATER OPERATIONS AND FACILITIES' COMPENSATION IS BASED ON AN ANNUAL PERFORMANCE EVALUATION AS PREPARED BY THE CHAIR OF THE BUILDING AND GROUNDS COMMITTEE OF THE BOARD, INCLUSIVE OF A SALARY INCREASE RECOMMENDATION. THIS IS THEN REVIEWED BY THE EMPLOYEE BENEFITS AND COMPENSATION COMMITTEE OF THE BOARD. THE SALARY INCREASE IS BASED ON A PERCENTAGE RANGE OF INCREASES AS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE KRAVIS CENTER PUTS A COMPLETE COPY OF ITS ANNUAL AUDITED FINANCIAL STATEMENTS ON ITS WEB SITE FOR VIEW BY THE PUBLIC. THE CENTER ALSO MAILS A POSTCARD TO ITS DONOR BASE TO ADVISE THEM THAT SUCH STATEMENTS ARE AVAILABLE FOR VIEW ON THE WEBSITE. THE CENTER'S FULL BOARD OF DIRECTORS RECEIVES A COMPLETE COPY OF THE ANNUAL AUDITED STATEMENTS FOR REVIEW PRIOR TO RELEASE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 3,070,872. HURRICANE DAMAGE REPAIRS AND EXPENSE -1,408,932. TOTAL TO FORM 990, PART XI, LINE 5: 1,661,940.