2011-11-10T14:00:18-06:00 2010-12-31 Heveron & Heveron CPAs 260 Plymouth Avenue South Rochester NY 14608 990 2010-01-01 202236574 Friends of The Constellation Brands - Marvin Sands Performing Arts CenterInc FRIE 5856787181 207 High Point Drive Building 100 Victor NY 14564 Virginia Clark 5856787181 2011-11-09 1 Brenda Smith 5852322956 2010 2016-03-07 17:11:31Z Virginia Clark 207 High Point Drive Building 100 Victor NY 14564 6482752 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 50 0 0 1349038 424681 2910855 4594502 0 0 367376 694029 4627269 5713212 0 0 0 0 0 0 0 0 0 4941669 5863741 4941669 5863741 -314400 -150529 16232618 15673854 13730906 13642909 2501712 2030945 To nurture the arts for our community and provide the ultimate in music and entertainment. 0 0 4985851 5288531 The Performing Arts Center held 29 events during the year ended December 31, 2010, that were attended by approximately by 103,000 people. 4985851 1 1 0 0 0 0 0 0 0 1 0 0 1 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 0 0 0 0 0 0 0 0 0 0 0 1 X 37 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 16 16 1 1 1 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 Building 100 Victor NY 14564 X Virgina Clark X X 0 0 0 Diana Lauria X X 0 0 0 Oksana Dominach X X 0 0 0 Richard Sands X 0 0 0 Geoffrey Astles X 0 0 0 Ronald Billitier Jr X 0 0 0 Lauren Dixon X 0 0 0 Horace Gioia X 0 0 0 George Hamlin IV X 0 0 0 James Locke III X 0 0 0 Dr Barbara Risser X 0 0 0 Ginny Ryan X 0 0 0 Stency Wegman X 0 0 0 Dennis Wilmot X 0 0 0 Phillip Yawman X 0 0 0 Asher Flaum X 0 0 0 Barbara LaVerdi X 0 0 0 0 0 0 0 0 0 0 0 424681 424681 Ticket Sales 711300 3923409 3923409 Parking 711300 268622 268622 Ticket Rebates 711300 219021 219021 Sponsorships 711300 159950 159950 Event Rental 711300 23500 23500 4594502 1379930 769540 610390 610390 Miscellaneous 711300 83639 83639 83639 5713212 5288531 0 0 239453 239453 24664 24664 307897 307897 227919 227919 2039 2039 484584 484584 376421 306273 70148 58364 58364 Talent 2859162 2859162 Concert 843486 843486 Donations 135686 135686 Miscellaneous 114302 45766 68536 Parking 105859 105859 83905 83905 5863741 4985851 877890 0 55983 43873 35338 260085 3613455 3253136 30000 7346 16625 245321 219076 11820938 1373320 10735466 10447618 1509709 1433441 16232618 15673854 288259 62459 2500 20065 9680000 9515000 2615000 2580000 1145147 1465385 13730906 13642909 X -1111743 -1222191 3613455 3253136 2501712 2030945 16232618 15673854 X -150529 -320238 X 0 1 0 X 0 X 100000 628716 621995 1349038 424681 3124430 745368 234722 5067057 3743964 5974432 15765543 845368 863438 5689052 5093002 6399113 18889973 100000 140000 541678 1101778 83382 1966838 0 100000 140000 541678 1101778 83382 1966838 16923135 33383 7933 41316 33383 7933 41316 200 8595 14385 83639 106819 878751 871571 5697647 5107387 6482752 19038108 0.88890 0.00220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11748746 1361013 10387733 72192 12307 59885 10447618 Net Financing Costs 630545 Limited Use Assets 802896 1433441 Interest rate swap contract 1465385 1465385 5713212 5863741 -150529 -320238 -320238 -470767 5865107 151895 151895 5713212 0 5713212 6015636 151895 151895 5863741 0 5863741 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, 2010 and December 31, 2009. As of December 31, 2010 and December 31, 2009, 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 2006. 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 ampitheatre 0 1 0 9680000 802896 399790 9203210 2006 0 0 1 1 0 1 1 RBS Citizens NA 20.000000000000 0 0 0 0 0 Form 990, Part VI, Section B, Line 15a: The Organization does not have any key employees that receive compensation. Form 990, Part VI, Section A, line 2 Richard Sands, James Locke, Oksana Dominach, Barbara LaVerdi and Virginia Clark have a business relationship. Form 990, Part VI, Section A, line 3 In 2010, 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 4 By-laws were amended to allow for a maximum of 20 board members. Form 990, Part VI, Section A, line 8b There are no committees with authority to act on behalf of the Board of Directors. Form 990, Part VI, Section B, line 11 The President, 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 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 -320,238. Total to Form 990, Part XI, Line 5: -320,238.