2011-11-14T14:19:45-06:00 2010-12-31 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2010-01-01 251469002 THE PITTSBURGH TRUST FOR CULTURAL RESOURCES PITT 4124716070 803 LIBERTY AVENUE PITTSBURGH PA 152223703 J KEVIN MCMAHON 4124716070 2011-11-14 1 SUSAN M KIRSCH 4122613644 2010 2016-03-07 17:11:31Z PITTSBURGH CULTURAL TRUST J KEVIN MCMAHON 803 LIBERTY AVENUE PITTSBURGH PA 152223703 53670999 0 X WWW.PGHARTS.ORG X 1984 PA TO ADVANCE THE REGION'S ECONOMY THROUGH THE DEVELOPMENT OF PITTSBURGH'S CULTURAL DISTRICT 35 31 470 1200 674621 -116840 9683776 12388902 36931168 33490117 -1419812 488364 390994 243317 45586126 46610700 0 0 0 0 8406071 8766761 0 0 1001915 38291847 35225425 46697918 43992186 -1111792 2618514 147012613 150674185 26547034 25577976 120465579 125096209 PRESENTING DIVERSE, QUALITY PERFORMING & VISUAL ART; MANAGING ARTS FACILITIES; ADVANCING ARTS EDUCATION; AND CREATING & DEVELOPING PITTSBURGH'S CULTURAL DISTRICT AS A DESTINATION FOR ENTERTAINMENT, BUSINESS, AND URBAN LIVING, THUS STIMULATING THE REGION'S ECONOMY 0 0 20206462 17203615 PRESENTING AND PROGRAMMING: THE TRUST BRINGS THE WORLD'S FINEST PERFORMANCES AND VISUAL ARTS TO WESTERN PA. EACH YEAR, OVER 1,500 EVENTS, PROGRAMS & EXHIBITIONS OCCUR IN TRUST FACILITIES & THROUGHOUT THE CULTURAL DISTRICT, ATTRACTING OVER TWO MILLION VISITORS. THE TRUST PRESENTS & SUPPORTS DIVERSE PERFORMING ART, INCLUDING PNC BROADWAY ACROSS AMERICA - PITTSBURGH, PITTSBURGH DANCE COUNCIL, TRUST PRESENTS, PITTSBURGH INTERNATIONAL CHILDREN'S THEATER & FESTIVAL, FIRST NIGHT, THREE RIVERS ARTS FESTIVAL AMONG OTHERS. THE TRUST IS ALSO A PROUD EXHIBITOR OF CUTTING-EDGE ART & THE CREATOR OF CONTEMPORARY ART GALLERIES: WOOD STREET GALLERIES, SPACE; 707-709 PENN & CARNEGIE MELLON UNIVERSITY'S STUDENT-RUN FUTURE TENANT. 18444174 13972920 FACILITIES MANAGEMENT & REAL ESTATE DEVELOPMENT: THROUGH PUBLIC AND PRIVATE PARTNERSHIPS, THE TRUST TRANSFORMS DOWNTOWN PITTSBURGH. WHAT WAS ONCE A DOWNTRODDEN AREA LINED WITH NOXIOUS ESTABLISHMENTS IS NOW A DYNAMIC 14-BLOCK HUB FOR ARTS, ENTERTAINMENT, BUSINESS & URBAN LIVING. THE TRUST STEADILY UPGRADES THE DISTRICT'S PHYSICAL LOOK, FEEL & EXPERIENCE THROUGH PROJECTS SUCH AS IMPROVING STREETSCAPES, BUILDING RESTORATION, AND ESTABLISHING PUBLIC PARKS AND PLAZAS, AS WELL AS OUTDOOR ART SPACE. THE TRUST MANAGES OVER 1,000,000 SQUARE FEET OF PROPERTY, SUCH AS: THE BENEDUM CENTER; BYHAM, O'REILLY, & HARRIS THEATERS; THEATER SQUARE; & ARTS EDUCATION CENTER AMONG OTHER DOWNTOWN GALLERIES & PROPERTIES. THE TRUST ALSO FACILITATES THE CREATION OF NEW OFFICE, RESIDENTIAL AND COMMERCIAL RETAIL SPACES. 2542894 2099672 EDUCATION, COMMUNITY OUTREACH & ARTS SERVICES: THE TRUST OFFERS A RANGE OF EDUCATIONAL EVENTS & ACTIVITIES FOR STUDENTS, EDUCATORS & UNDERSERVED POPULATIONS OF ALL AGES & BACKGROUNDS TO DEVELOP DIVERSE & VIBRANT ARTS AUDIENCES FOR THE FUTURE. ANNUALLY, THE TRUST SERVES OVER 100,000 STUDENTS, EDUCATORS & COMMUNITY MEMBERS IN WESTERN PENNSYLVANIA & SUPPORTS MORE THAN 1,000 AREA ARTISTS & ARTS ORGANIZATIONS. THE TRUST IS ALSO A WORLD LEADER IN ARTS COLLABORATION AMONG PERFORMING ARTS ORGANIZATIONS. THROUGH ITS SHARED SERVICES DEPARTMENT, THE TRUST INCREASES EFFICIENCIES AND DECREASES COSTS FOR SEVEN CULTURAL DISTRICT ORGANIZATIONS. FURTHER, THE TRUST HELPS ARTS ORGANIZATIONS WITH HIGHLY SUBSIDIZED RATES FOR PERFORMANCES/OFFICE SPACE, ALLOWING THEM TO INVEST MORE RESOURCES INTO THEIR CORE ARTISTIC MISSIONS. 41193530 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 0 0 1 388 0 470 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA IL MD ME MN NJ NY OH VA CA CT NC WV WI DC FL MA X RONA L NESBIT 4124716070 803 LIBERTY AVENUE PITTSBURGH PA 152223703 JANE ARKUS 0.40 X 0 0 0 SUZANNE BROADHURST 0.40 X 0 0 0 JILL M BRODBECK 0.40 X 0 0 0 CHARLES R BURKE JR 0.40 X 0 0 0 ESTHER BUSH 0.40 X 0 0 0 CAROLYN BYHAM 0.40 X 0 0 0 ARIS S CANDRIS 0.40 X 0 0 0 DONALD R CARTER 0.40 X 0 0 0 RONALD DAVENPORT JR 0.40 X 0 0 0 GEORGE DAVIDSON JR 0.40 X 0 0 0 STEVEN ELLIOTT 0.40 X 0 0 0 SYLVIA V FIELDS 0.40 X 0 0 0 STEVEN FEINSTEIN 0.40 X 0 0 0 EDITH FISHER 0.40 X 0 0 0 GEORGE GREER 0.40 X 0 0 0 IRA J GUMBERG 0.40 X 0 0 0 EDWARD HARRELL 0.40 X 0 0 0 AUDREY HILLMAN FISHER 0.40 X 0 0 0 WILLIAM HUNT 0.40 X 0 0 0 PAUL JENKINS 0.40 X 0 0 0 PETER MATHIESON 0.40 X 0 0 0 DAVID MATTER 0.40 X 0 0 0 JEFFREY MORBY 0.40 X 0 0 0 GRANT OLIPHANT 0.40 X 0 0 0 P JEROME RICHEY 0.40 X 0 0 0 JAMES ROHR 0.40 X 0 0 0 CARYN B RUBINOFF 0.40 X 0 0 0 DR WILLIAM TRUEHEART 0.40 X 0 0 0 HILARY TYSON 0.40 X 0 0 0 THOMAS USHER 0.10 X 0 0 0 THOMAS VANKIRK 0.40 X 0 0 0 NANCY WASHINGTON 0.40 X 0 0 0 MICHAEL WATSON 0.40 X 0 0 0 ALFRED WISHART JR 0.40 X 0 0 0 MICHAEL GINSBURG ENTERED 0101 0.10 X 0 0 0 JOSEPH GUYAUX 0.10 X 0 0 0 DARLENE M HARRIS ENTERED 0601 0.10 X 0 0 0 KENNETH MCCRORY 0.10 X 0 0 0 DAN ONORATO 0.10 X 0 0 0 LUKE RAVENSTAHL 0.10 X 0 0 0 SELMA SHERMAN 0.10 X 0 0 0 DOUG SHIELDS 0.10 X 0 0 0 RICHARD SIMMONS 0.10 X 0 0 0 SHELLY M TAYLOR ENTERED 0101 0.10 X 0 0 0 H WOODRUFF TURNER 0.10 X 0 0 0 AARON WALTON ENTERED 0101 0.10 X 0 0 0 CHARLES BUNCH 0.40 X X 0 0 0 JARED COHON 0.40 X X 0 0 0 CAROLYN DURONIO 0.40 X X 0 0 0 J KEVIN MCMAHON 75.00 X X 575155 0 28988 DR KENNETH MELANI 0.40 X X 0 0 0 CHARLES QUEENAN 0.40 X X 0 0 0 LORENE VINSKI 50.00 X 118425 0 19674 RONA NESBIT 60.00 X 245160 0 22474 WILLIAM DENNIS 60.00 X 117432 0 29722 MARC FLEMING 50.00 X 129838 0 24144 EUGENE GIAVERRA 50.00 X 124192 0 14002 PAUL ORGANISAK 50.00 X 141654 0 15174 JANIS BURLEY WILSON 40.00 X 114476 0 21228 1566332 0 175406 10 0 1 0 UNICCO SERVICE COMPANY 4002 SOLUTIONS CENTER CHICAGO IL 60677 JANITORIAL 596433 FLYSPACE PRODUCTIONS LLC 14 COURTRIGHT ST PITTSBURGH PA 15212 EVENT PRODUCTION 276390 ELLIOTT MARKETING 2281 SIDGEFIELD LANE PITTSBURGH PA 15241 MARKETING 233500 CRAIG JOHNSON 3336 LONGBOW DR PITTSBURGH PA 15235 MUSIC SERVICES 137618 MARGUERITE JARRETT MARKS 700 ST JAMES ST PITTSBURGH PA 15232 EVENT PRODUCTION 117000 6 268550 2684247 9436105 864480 12388902 FACILITY RENTAL FEES 900099 17734950 17734950 STAGE PRESENTATIONS 900099 8919552 8919552 TICKET SERVICE & OTHER 711110 6621705 6621705 ADVERTISING INCOME 541800 213910 213910 33490117 470587 -10341 480928 4463330 78091 4505497 78125 -42167 -34 -42201 -28558 -13643 2221085 2203308 17777 17777 7623 10154 66900 268550 273369 -206469 -206469 RESTAURANT 722100 491987 491987 491987 46610700 33276207 674621 270970 938977 410276 266428 262273 5835209 4959173 590963 285073 776323 694781 52307 29235 449761 297426 92082 60253 766491 654700 75217 36574 52158 23152 29006 71130 71130 18540 18540 99233 99233 461023 461023 51252 51252 767171 537045 203893 26233 565927 565927 2738497 2621180 115544 1773 108880 79860 24042 4978 159829 121250 37268 1311 25159 25159 2895334 2848084 47250 352344 285125 67219 PRESENTATIONS 18626203 18626203 PROGRAMS 7716693 7716693 CULTIVATION ACTIVITIES 256191 256191 PUBLICATIONS 229187 191166 38021 OTHER EXPENSES 30674 30674 43992186 41193530 1796741 1001915 5622849 9216026 9818773 7821356 1195862 2648000 1111122 994215 4134358 4273847 108985 97970 1022807 1187941 154995220 50948395 104719279 104046825 14397055 15324867 4336372 4578270 104568 81288 440583 403580 147012613 150674185 2824951 2199258 6445475 7828661 15943653 15138803 871489 461466 411254 26547034 25577976 X 87155200 90023544 1951227 2747442 31359152 32325223 120465579 125096209 147012613 150674185 X 2618514 2012116 X X 0 1 1 X 0 X 8718534 11342409 7109768 9683776 12388902 49243389 1062400 1062400 1062400 1062400 1062400 5312000 9780934 12404809 8172168 10746176 13451302 54555389 13756280 40799109 5368514 6653519 4575056 4721993 5012008 26331090 5694 5694 80892173 163853500 0.50440 0.49590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 18540 18540 43973646 43992186 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6000 12000 18866 18540 55406 250000 250000 250000 250000 1000000 1500000 18733427 200000 2264247 1100000 42801 20054873 17001293 3762586 1975000 55452 18733427 25748072 51090 -7387409 1327000 83460 17001293 0.09390 0.89180 0.01430 0 0 21555316 3374147 24929463 7215049 75651252 22885925 59980376 169902 33429191 19590049 14009044 8066178 6880046 1186132 5534185 1592375 3941810 104046825 ACCRUED WAGES & BENEFITS 250163 ACCRUED TAXES 3038 DEFERRED CONTRIBUTION REVENUE 158053 411254 46610700 43992186 2618514 2012116 2012116 4630630 53418482 2012116 4795666 6807782 46610700 0 46610700 48787852 4795666 4795666 43992186 0 43992186 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE TRUST HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A STREAM OF FUNDING FOR PROGRAMS AND INITIATIVES SUPPORTED BY THE ENDOWMENT. THE POLICIES ARE ALSO INTENDED TO PROTECT THE INTEGRITY OF THE ASSETS AND ACHIEVE THE OPTIMAL RETURN POSSIBLE WITHIN THE SPECIFIED RISK PARAMETERS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EFFECTIVE JANUARY 1, 2009, THE TRUST ADOPTED ACCOUNTING GUIDANCE RELATIVE TO UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ADOPTION OF THE ACCOUNTING GUIDANCE DID NOT HAVE A MATERIAL IMPACT ON THE TRUST'S FINANCIAL STATEMENTS. THE TRUST HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING AN ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 4,522,297. SPECIAL EVENT EXPENSES 273,369. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 4,522,297. SPECIAL EVENT EXPENSES 273,369. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 752708 0 0 0 752708 0 752708 0 0 0 0 0 0 ANNUAL GALA 335450 268550 66900 56421 100317 116631 335450 268550 66900 56421 100317 116631 273369 -206469 X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 J KEVIN MCMAHON 530055 0 0 0 45100 0 17150 0 11838 0 604143 0 0 0 RONA NESBIT 245160 0 0 0 0 0 17150 0 5324 0 267634 0 0 0 MARC FLEMING 129838 0 0 0 0 0 9223 0 14921 0 153982 0 0 0 PAUL ORGANISAK 141654 0 0 0 0 0 9970 0 5204 0 156828 0 0 0 MOON INDUSTRIAL DEVELOPMENT AUTHORITY 2006-02-07 1500000 ARTS FACILITY RENOVATION 0 0 0 1500000 1000 1400000 2007 0 1 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 HIGHMARK BOARD MEMBERS MELANI, TRUEHEART AND GUYAUX 618095 THE TRUST PROCURES MEDICAL INSURANCE FROM HIGHMARK FOR ITS EMPLOYEES. 0 PNC BANK BOARD MEMBERS ROHR, GUYAUX, BUNCH AND USHER 513945 PNC BANK PROVIDES CREDIT CARD PROCESSING SERVICES TO THE TRUST. IN ADDITION, THE TRUST HOLDS A LOAN OUTSTANDING WITH PNC BANK. 0 X 19 864480 MARKET VALUE 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE TRUST USES AN OUTSIDE BROKER TO SELL SECURITIES RECEIVED AS CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS: BUNCH, GUYAUX, ROHR AND USHER GUYAUX, MELANI AND TRUEHEART CANDRIS, COHON, GUMBERG, HARRIS, RAVENSTAL, ROHR AND WADHWANI GERBER AND ROHR FIELDS AND GREER FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990, 990-T AND REQUIRED SCHEDULES ARE REVIEWED WITH THE PITTSBURGH TRUST FOR CULTURAL RESOURCES' INTERNAL MANAGEMENT AS WELL AS THE AUDIT COMMITTEE. UPON COMPLETION OF THIS REVIEW, THE FORMS ARE FINALIZED AND A COMPLETE COPY PROVIDED TO THE BOARD OF TRUSTEES VIA THE INTRANET SITE. THE RETURNS ARE POSTED TO THE BOARD OF TRUSTEES INTRANET SITE IN ADVANCE OF FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS, DIRECTORS AND KEY EMPLOYEES RECEIVE A COPY OF THE TRUST'S EXISTING CONFLICT OF INTEREST POLICY ALONG WITH A CONFLICT OF INTEREST DISCLOSURE FORM FOR COMPLETION. THIS CONFLICT OF INTEREST DISCLOSURE FORM INCLUDE REQUIREMENTS TO DISCLOSE POTENTIAL CONFLICTS THAT EXIST AT THE DATE OF COMPLETION AS WELL AS THE OBLIGATION BY THE INDIVIDUAL TO INFORM THE TRUST OF ANY POTENTIAL CONFLICTS THAT MAY ARISE IN THE FUTURE. THE COMPLETED AND SIGNED FORMS ARE REVIEWED BY THE AUDIT AND EXECUTIVE COMMITTEES AND MONITORED THROUGHOUT THE YEAR BY THESE TWO COMMITTEES. IN ADDITION, ANY POTENTIAL CONFLICT OF INTEREST AND THE RESOLUTION THEREOF IS CONTEMPORANEOUSLY DOCUMENTED IN THE TRUST'S BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE TRUST HAS A FORMAL ANNUAL EMPLOYEE PERFORMANCE REVIEW PROCESS FOR ALL STAFF. GENERAL AND MERIT INCREASES ARE GRANTED BASED ON ORGANIZATIONAL PAY RANGES; THE OVERALL PARAMETERS HAVING BEEN APPROVED BY THE TRUST'S BUDGET COMMITTEE. ADDITIONAL STEPS AND BENCHMARKING OCCUR FOR THE PRESIDENT/CEO AND SENIOR STAFF. THESE STEPS INCLUDE THE PARTICIPATION IN MULTIPLE INDUSTRY SALARY SURVEYS, AS WELL AS THE ENGAGEMENT OF AN INDEPENDENT THIRD PARTY FIRM AND THE REVIEW AND APPROVAL BY THE TRUST'S INDEPENDENT COMPENSATION COMMITTEE. ALL CHANGES AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE TRUST'S COMPENSATION COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,012,116. OVERSIGHT OF FINANCIAL STATEMENT AUDIT FORM 990, PART XI, QUESTION 2 THE TRUST'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE TRUST HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THEATER SQUARE LLC 803 LIBERTY AVENUE PITTSBURGH PA 15222 251469002 FACILITY OPERATIONS PA 555792 0 NA ELINOR R RUBIN 6343 VIA DE SONRISA DEL SUR 368 BOCA RATON FL 33433 001244486 CHARITABLE GIFT ANNUITY FL NA T 9822 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0