2011-08-12T16:11:03-04:00 2010-09-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2009-10-01 593524613 TAMPA BAY PERFORMING ARTS CENTER FOUNDATION INC TAMP 8132221044 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 JUDY LISI 2011-08-12 true 3362753394 2009 2016-02-24 21:20:13Z Judy Lisi CEO President 1010 N WC Macinnes Place Tampa FL 33602 35616566 false 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. please refer to attachments 3 and 4. 19 18 0 0 0 0 808866 20206540 0 0 1399106 -1443237 0 0 2207972 18763303 1492129 857214 0 0 144908 122935 3500 0 256125 566833 3844518 2207370 4824667 602 13938636 17716135 33399424 1616294 852404 16099841 32547020 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., 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"). THIS ORGANIZATION SHALL INVEST ITS FUNDS AND SERVE AS AN ENDOWMENT FUND FOR THE SUPPORTED ORGANIZATION, NAMELY THE TAMPA BAY PERFORMING ARTS CENTER, INC. THIS ORGANIZATION 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 OF 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 TAMPA BAY PERFORMING ARTS CENTER, I false false 857214 857214 20206540 In FY 09/10, in carrying out its mission in supporting the Tampa Bay Performing Arts Center Inc 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 form the endowment to operating funds on an annual or approved basis. Gifts received by the Foundation Inc and transferred to the Center, from other Foundations are approved by the Foundation Inc Board or per donor request. With the Foundation Inc serving as the endowment fund and support for the Center, TBPAC Foundation Inc provided financial stability in uncertain and challenging times in FY 09/10 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. 857214 true true false false false false false false true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false true true 19 18 true false false false false false false true true false false true true true true true true false false false X MARY BETH ROSSI 8132221044 1010 N WC MACINNES PLACE TAMPA FL 336023720 R Kent Bailey 1.0 X 0 0 0 Don DeFosset 1.0 X 0 0 0 Stacey Jaeb 1.0 X 0 0 0 Helen Kerr 1.0 X 0 0 Judy Lisi - SEE SCH J PART III 1.0 X X 0 437155 125217 Sandy MacKinnon 1.0 X 0 0 0 Gene Marshall 1.0 X 0 0 0 Gwen Mitchell 1.0 X 0 0 0 Frank Morsani 1.0 X 0 0 0 Sandy Rief 1.0 X 0 0 0 Hinks Shimberg 1.0 X X 0 0 0 Martin Silbiger 1.0 X 0 0 0 Susan Sykes 1.0 X 0 0 0 Bill Starkey 1.0 X X 0 0 0 Michael Urette 1.0 X 0 0 0 Don Wallace 1.0 X 0 0 0 Jerry Williams 1.0 X 0 0 0 BILL WEST 1.0 X 0 0 0 DAVID STRAZ 1.0 X 0 0 0 BILL FAUCETT 40.0 X 100594 0 9383 100594 437155 134600 1 false true false STRAZ CENTER 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 ADMINISTRATION 258768 1 20206540 20206540 0 395236 395236 0 0 15014790 16853263 -1838473 -1838473 -1838473 0 0 0 0 18763303 -1443237 857214 857214 0 0 0 104136 104136 0 0 6720 6720 4011 4011 8068 8068 24911 24911 0 0 0 0 127537 127537 4854 4854 0 79122 79122 12009 12009 0 0 902 902 0 8418 8418 0 258768 258768 0 0 CONTRIBUTION ALLOWANCES 3299606 3299606 BUSINESS DEVELOPMENT 9112 9112 DONOR RECOGNITION 8282 8282 SUBSCRIPTIONS AND MEMBERSHIPS 1404 1404 OTHER 9593 506 9087 4824667 857214 3711328 256125 1916369 858600 600062 895716 2890429 18010872 23528 0 10576341 12966134 1064318 0 645088 668102 17716135 33399424 46294 39040 1570000 813364 1616294 852404 X 3607954 4123642 2406496 2381092 10085391 26042286 16099841 32547020 17716135 33399424 X false true true X false X X false false false TAMPA BAY PERFORMING ARTS CENTER INC 592037085 07 true true true 857214 1 857214 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12773359 746229 937768 6710 14450646 12356104 87705 -285004 12158805 0.30000 0.70000 true false 0 DUE TO TAMPA BAY PERFORMING ARTS CENTER, INC. 813329 OTHER ACCRUED EXPENSES 35 813364 18763303 4824667 13938636 2508543 2508543 16447179 18047673 2508543 2508543 15539130 127537 3096636 3224173 18763303 1600494 1600494 127537 3096636 3224173 4824667 ENDOWMENT FUNDS HELD BY UNRELATED ORGANIZATION SCHEDULE D, PART V, Question 3a(i) UNRELATED ORGANIZATION- 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 ORGANIZATIONS 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 TBPAC TO EXPAND ITS EDUCATIONAL PROGRAMMING AND INCREASE ITS IMPACT ON THE COMMUNITY. FIN 48 DISCLOSURE SCHEDULE D, PART X THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS 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 FOUNDATION 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 POSITION EXIST FOR THE STRAZ CENTER AT SEPTEMBER 30, 2010 OR 2009. Change in Beginning Balance of Endowment Funds Schedule D, PArt V, Line 1a The beginning balance of the endowment funds does not reconcile to the ending balance from the prior year since a new approach for reporting endowment funds was adopted in the current year under SFAS 117-1. Other Reconciling Items Schedule D, Part XII, Line 4b and Part XIII, Line 4b Contribution Allowances $3,096,636 true Tampa Bay Performing Arts Center Inc 1010 N WC MACINNES PLACE TAMPA FL 33602 592037085 501(c)(3) 857214 0 n/a n/a Support 1 PROCESS FOR MONITORING THE USE OF GRANT FUNDS 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 Foundations 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 false true false false false false false false false Judy Lisi - SEE SCH J PART III 0 414961 0 0 0 22194 0 116810 0 8407 0 562372 0 1018051 DEFERRED COMPENSATION: JUDI LISI SCHEDULE J, PART C, COLUMN II 2009 contribution to Judith Lisi employee benefit plan includes deferred compensation at a total net present value in the amount of $86,913. Review of Form 990 FORM 990, PART VI, 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 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. AND FINANCE COMMITTEES WILL ALSO, BASED ON THEIR REVIEW OF THE FORM, MAKE NECESSARY RECOMMENDATIONS TO THE BOARD REGARDING GOVERNANCE, POLICIES, DISCLOSURE, ETC. Monitoring compliance with Conflict of Interest Policy Form 990, Part VI, Section B, Line 12C Board members and Executive Staff (CEO, CFO, COO and Vice Presidents) on an annual basis are required to: 1) read the conflict of interest and Confidentiality Policy 2) sign off on acknowledgement that policy has been read and received 3) complete a conflict of interest disclosure form. 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 or CFO will address accordingly. If there is any question 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 participation in a conflicting bid for related business with the organization or not apply for employment as a staff position if it determined there is an actual conflict. FULL NAME OF ORGANIZATION FORM 990, LINE C The Full Legal name of the organization is TAMPA BAY PERFORMING ARTS Center Foundation, Inc. AUDITED FINANCIAL STATEMENTS FORM 990, PART IV QUESTION 12 TAMPA BAY PERFORMING ARTS CENTER Foundation, Inc.'S FINANCIAL STATEMENTS ARE AUDITED ON A COMBINED BASIS BY AN INDEPENDENT ACCOUNTANT. BASED ON THE INSTRUCTIONS TO FORM 990, BECAUSE A SEPARATE STAND ALONE AUDIT JUST OF TAMPA BAY PERFORMING ARTS CENTER Foundation, Inc. WAS NOT CONDUCTED, A "NO" ANSWER TO THIS QUESTION WAS DEEMED TO BE THE TECHNICALLY CORRECT RESPONSE. FAMILY AND BUSINESS RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 NAME OF OFFICER/DIRECTOR FRANK MORSANI NAME OF RELATED ENTITY LEANE ROWE TITLE OF ROLE TBPAC INC Trustee RELATIONSHIP FATHER NAME OF OFFICER/DIRECTOR HINKS SHIMBERG NAME OF RELATED ENTITY KASEY SHIMBURG KELLY TITLE OF ROLE TBPAC INC Trustee RELATIONSHIP DAUGHTER NAME OF OFFICER/DIRECTOR MARTIN SILBIGER NAME OF RELATED ENTITY BEN GUZZLE TITLE OF ROLE TBPAC INC Trustee RELATIONSHIP SON-IN-LAW NAME OF OFFICER/DIRECTOR STACEY JAEB NAME OF RELATED ENTITY LORENA JAEB TITLE OF ROLE TBPAC INC Trustee RELATIONSHIP MOTHER-IN-LAW NAME OF OFFICER/DIRECTOR MANDELL SHIMBERG NAME OF RELATED ENTITY MICHAEL SHIMBERG TITLE OF ROLE EMPLOYEE OF MERRILL LYNCH, WHO IS ENDOWMENT FUND MANAGER RELATIONSHIP SON NAME OF OFFICER/DIRECTOR WILLIAM O. WEST (PRESIDENT - BANK OF TAMPA) NAME OF RELATED ENTITY MANDELL SHIMBERG TITLE OF ROLE CHAIRMAN OF FOUNDATION BOARD INC. RELATIONSHIP CLIENT NAME OF OFFICER/DIRECTOR WILLIAM O. WEST (PRESIDENT - BANK OF TAMPA) NAME OF RELATED ENTITY MIKE URETTE TITLE OF ROLE BOARD DIRECTOR RELATIONSHIP CLIENT NAME OF OFFICER/DIRECTOR GWEN MITCHELL NAME OF RELATED ENTITY UNITED WAY OF TAMPA BAY TITLE OF ROLE CHAIR RELATIONSHIP UNITED WAY HAS RELATIONSHIP WITH THE CENTER MAKING DOCUMENTS AVAILABLE TO THE PUBLIC PART VI, SECTION C, LINE 19 TAMPA BAY PERFORMING ARTS CENTER DOES MAKE ITS GOVERNING DOCUMENTS AND ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST WITH DISCRETION. ANNUAL AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE ON WEBSITE AS WELL AS UPON REQUEST. service agreement between the TAMPA BAY PERFORMING ARTS CENTER INC and TAMPA BAY PERFORMING ARTS CENTER Foundation INC THE CENTER AND THE FOUNDATION HAVE A SERVICE AGREEMENT IN PLACE. THE ORIGINAL AGREEMENT WAS PUT INTO PLACE IN 1997 AND WAS UPDATED IN 2010. THE REVISED AGREEMENT WAS IN EFFECT FOR THE 2009 RETURN. TIME SPENT WORKING FOR A RELATED ORGANIZATION FORM 990, PART VII THE FOLLOWING INDIVIDUALS SPENT TIME WORKING FOR THE TAMPA BAY PERFORMING ARTS CENTER, INC., A RELATED ORGANIZATION: HELEN KERR 1. JUDITH LISI 40. SANDY MACKINNON 1. GENE MARSHALL 1. GWEN J. MITCHELL 1. FRANK L. MORSANI 1. HINKS SHIMBERG 1. MARTIN SILBIGER 1. SUSAN SYKES 1. MICHAEL E. URETTE 1. BILL WEST 1. DON WALLACE 1. Tampa Bay Performing Arts Center Inc 1010 NORTH WC MACINNES PLACE Tampa FL 33602 592037085 Perform. arts FL 501(C)(3) 7 na false true false false false false false false false false false true true true true false false false