2024-12-23T15:24:00-06:00 2024-06-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2023-07-01 581320590 TENNESSEE PERFORMING ARTS CENTER (TPAC) MANAGEMENT CORPORATION TENN 6157824000 505 DEADERICK STREET 3RD FLOOR NASHVILLE TN 37243 JENNIFER TURNER PRESIDENT & CEO 6157824000 2024-12-23 1 1 KEN YOUNGSTEAD P00320901 6152427351 2024-12-18 2023 2024-10-15 13:58:12Z JENNIFER TURNER 505 DEADERICK STREET 3RD FLOOR NASHVILLE TN 37243 120223688 0 X WWW.TPAC.ORG X 1977 TN CREATE EXPERIENCES THROUGH PERFORMING ARTS; PROVIDE ARTS ENTERTAINMENT/EDUCATION TO TN 27 27 391 125 -6998 0 5280610 91213975 21611108 22995731 269192 1437300 3245825 3747661 30406735 119394667 0 0 0 0 8333575 9095294 0 0 1479374 20021243 21369799 28354818 30465093 2051917 88929574 36779579 130144891 15975348 20407335 20804231 109737556 X TO PROVIDE FACILITIES, SERVICES, AND PROGRAMS OF THE HIGHEST QUALITY FOR THE GREATEST BENEFIT OF THE PEOPLE, INSTITUTIONS, AND COMMUNITIES OF THE STATE, AND TO TAKE A LEADERSHIP ROLE IN FOSTERING THE PERFORMING ARTS, ARTS EDUCATION, RESIDENT ART GROUPS AND OTHER ARTS ORGANIZATIONS. 0 0 23746423 26741139 TPAC ENTERED INTO AN AGREEMENT WITH THE STATE OF TENNESSEE & THE TENNESSEE PERFORMING ARTS FOUNDATION IN 1978. THE INITIAL AGREEMENT ESTABLISHED TPAC PRINCIPALLY FOR THE PURPOSE OF PRESENTING QUALITY ARTS ENTERTAINMENT & EDUCATION TO TENNESSEE RESIDENTS THROUGH THE OPERATION OF THE TENNESSEE PERFORMING ARTS CENTER. TPAC HAS ADMINISTRATIVE CONTROL OVER THE OPERATIONS AND FUNCTIONS OF THE FOUR THEATERS LOCATED IN TWO BUILDINGS IN DOWNTOWN NASHVILLE. IN ADDITION TO ITS ROLE WITH THE STATE OF TENNESSEE, TPAC OPERATES SEVERAL PROGRAM INITIATIVES INCLUDING SEVEN ARTS EDUCATION PROGRAMS, PUBLIC OFFERINGS SUCH AS A BROADWAY SERIES, CONCERTS, COMEDY SHOWS, ETC. ADDITIONALLY, TPAC RENTS ITS FACILITIES TO THREE PERFORMING ARTS RESIDENT COMPANIES - THE NASHVILLE OPERA ASSOCIATION, NASHVILLE BALLET, AND THE NASHVILLE REPERTORY THEATRE, ALL THREE OF WHICH ARE NON-PROFIT ORGANIZATIONS. TPAC ALSO RENTS ITS FACILITIES TO OUTSIDE PROMOTERS FOR EVENTS IN WHICH THE PROMOTERS ARE AT RISK, AND TO THE STATE OF TENNESSEE (WITH RENT WAIVED) FOR STATE EVENTS. TO SUPPORT PUBLIC PROGRAMMING, TPAC OPERATES ITS OWN TICKETING SERVICES. TPAC SUPPORTS ITS MISSION OF PROVIDING ARTS, CULTURE AND EDUCATION FOR THE COMMUNITY BY FUNDRAISING FROM INDIVIDUALS, CORPORATIONS, GOVERNMENT AND FOUNDATIONS. 84726 2837 DISNEY MUSICALS IN SCHOOLS ("DMIS") DEVELOPS SUSTAINABLE MUSICAL THEATRE PROGRAMS IN PUBLIC ELEMENTARY AND MIDDLE SCHOOLS. THE PROGRAM PROVIDES SCHOOL FACULTY WITH THE TRAINING AND TOOLS NECESSARY TO SUPPORT STUDENT PERFORMANCE AND PRODUCTION AND TO EMPOWER THEM TO DO SO. PARTICIPATING SCHOOLS RECEIVE (AT NO COST) A PERFORMANCE LICENSE TO ANY DISNEY KIDS MUSICAL, SHOWKIT MATERIALS, INCLUDING DIRECTORS GUIDES, STUDENT SCRIPTS, ACCOMPANIMENT AND VOCAL CDS AND A CHOREOGRAPHY DVD, AND CROSS-CURRICULAR ACTIVITIES. SCHOOLS ALSO RECEIVE SUPPORT FROM TEAMS OF TWO TPAC TEACHING ARTISTS DURING AFTER-SCHOOL RESIDENCIES THAT RUN FOR 20 WEEKS. IN 2023-2024 DMIS TEACHING ARTIST FIRST-YEAR RESIDENCIES TOOK PLACE IN FIVE SCHOOLS IN MNPS/DAVIDSON, BEDFORD AND COFFEE COUNTIES. SEVEN ADDITIONAL SCHOOL TEAMS COMPLETED DISNEY MUSICALS UNDER THEIR OWN DIRECTION AND WITH SUPPORT FROM THE DMIS PROGRAM MODEL. INCLUDING ATTENDANCE AT THE STUDENT SHARE DAY AT TPAC, 909 STUDENTS AND TEACHERS PARTICIPATED IN DMIS IN 2023-24. (IN 2022-23, 1,243 STUDENTS AND TEACHERS PARTICIPATED IN DMIS.) 189261 127535 DURING THE 2024 FISCAL YEAR, THE SEASON FOR YOUNG PEOPLE (PREVIOUSLY CALLED HUMANITIES OUTREACH IN TENNESSEE) PRESENTED PROFESSIONAL PERFORMANCES OF THEATER, DANCE AND MUSIC FOR STUDENT AUDIENCES. THE SEASON INCLUDED LIVE PERFORMANCES AT TPAC AS WELL AS VIRTUAL PERFORMANCES AVAILABLE FOR STUDENTS TO VIEW REMOTELY FROM THEIR CLASSROOM. TPAC ALSO PROVIDED INTERACTIVE VIRTUAL WORKSHOPS FOR EDUCATORS AND ARTIST DISCUSSIONS WITH STUDENTS. DURING THE 2023-2024 ACADEMIC YEAR, 45,527 STUDENTS AND TEACHERS FROM 295 SCHOOL GROUPS ATTENDED SEASON FOR YOUNG PEOPLE PERFORMANCES (23,193 STUDENTS AND TEACHERS FROM 203 SCHOOL GROUPS DURING THE 2022-2023 ACADEMIC YEAR). 11103 450 TPAC'S WOLF TRAP EARLY LEARNING THROUGH THE ARTS PROGRAM BRINGS ARTS-BASED CLASSROOM RESIDENCIES TO PRESCHOOLS AND HEAD START CENTERS. TEACHING ARTISTS AND TEACHERS USE ARTS INSTRUCTION TO TARGET EARLY CHILDHOOD DEVELOPMENTAL GOALS AND HELP CHILDREN LEARN. A TOTAL OF 759 CHILDREN AND TEACHERS PARTICIPATED IN WOLF TRAP IN 2023-2024 AT NO CHARGE TO THEM (761 CHILDREN AND TEACHERS IN 2022-2023). 12238 7350 INSIDEOUT PROGRAM ACTIVITIES PROVIDE OPPORTUNITIES FOR ADULTS WHO WANT TO GROW IN THEIR KNOWLEDGE AND ENJOYMENT OF THE PERFORMING ARTS. EVENTS AT TPAC, IN COMMUNITY LOCATIONS, AND THROUGH VIRTUAL OPTIONS PROVIDED OPPORTUNITIES FOR AUDIENCES OF ALL AGES TO INTERACT WITH THE PERFORMING ARTS. 1,182 LIFE-LONG LEARNERS VIEWED AND PARTICIPATED IN TPAC'S EDUCATION AND COMMUNITY ENGAGEMENT PUBLIC PROGRAMMING IN 2023-24. VIRTUAL AND IN-PERSON PANEL DISCUSSIONS AND PRESENTATIONS HIGHLIGHTED LOCAL ARTS AND COMMUNITY GROUPS; CLASSES EXPLORED MUSICAL THEATER, DANCE AND ACTING, AND WEBINARS AND PODCASTS REACHED REMOTE PARTICIPANTS. (1,958 INDIVIDUALS PARTICIPATED IN INSIDEOUT DURING 2022-2023). 43284 15000 ARTS INTEGRATION PROGRAMS IN SCHOOLS (WORKING TITLE) WAS LAUNCHED IN 2021 FOLLOWING THE DISCONTINUATION OF THE ARTSMART PROGRAM. THIS INITIATIVE SUPPORTS MULTI-YEAR PARTNERSHIPS PLANNED WITH A LIMITED NUMBER OF SCHOOLS IN A WHOLE-SCHOOL MODEL. ONE SCHOOL ENGAGED IN A WHOLE-SCHOOL PARTNERSHIP IN 2023-24. A TOTAL OF 385 STUDENTS AND TEACHERS AT WARNER ELEMENTARY PARTICIPATED IN ARTS INTEGRATED RESIDENCIES AND PROFESSIONAL DEVELOPMENT PROVIDED BY TPAC IN 2023-2024 (400 STUDENTS AND TEACHERS AT WARNER ELEMENTARY PARTICIPATED IN 2022-2023). 69947 38830 THE SPOTLIGHT AWARDS CELEBRATES, SUPPORTS, AND GROWS THE ARTISTRY AND CAPACITY OF HIGH SCHOOL MUSICAL THEATRE PROGRAMS IN TENNESSEE. THROUGH THE PROGRAM, HIGH SCHOOL THEATRE STUDENTS AND TEACHERS PARTICIPATE IN WORKSHOPS AND DEVELOPMENT OPPORTUNITIES WITH THEATRE PROFESSIONALS, AND THEIR SCHOOL MUSICALS ARE EVALUATED BY A DIVERSE PANEL OF ADJUDICATORS. THE PROGRAM CULMINATES IN MAY WHEN EXEMPLARY WORK IS RECOGNIZED WITH THE SPOTLIGHT AWARDS CEREMONY AT TPAC, WHERE THE TOP CONTENDERS FOR "OUTSTANDING MUSICAL" PERFORM AND HONORS ARE PRESENTED IN A VARIETY OF CATEGORIES, INCLUDING TWO WHO ARE RECOGNIZED AS "OUTSTANDING LEAD PERFORMER." THE RECIPIENTS OF THESE TWO AWARDS THEN MOVE ON TO NATIONAL CONSIDERATION FOR THE JIMMY AWARDS IN NEW YORK. IN 2023-2024, 53 TENNESSEE HIGH SCHOOLS AND 3,082 STUDENTS PARTICIPATED IN THE PROGRAM, INCLUDING MORE THAN 1,800 ATTENDING THE LIVE SPOTLIGHT AWARDS CEREMONY AT TPAC. (IN 2022-23, 44 HIGH SCHOOLS AND 3,738 STUDENTS PARTICIPATED IN SPOTLIGHT ACTIVITIES PROVIDED BY TPAC.) 36725 35760 CAMPS & ADVENTURES BUILD INTEREST AND ENGAGEMENT IN THE PERFORMING ARTS FOR FAMILIES AND YOUTH. TPAC'S SUMMER MUSICAL THEATER CAMPS STARTED IN JULY OF 2022. IN THE SUMMER OF 2024, CAMP TPAC OFFERED SEVEN WEEK-LONG DAY CAMPS TO IMMERSE CHILDREN AGED 8-18 IN MUSICAL THEATER PERFORMANCE AND TRADITIONS. ARTS ADVENTURES PROVIDED 90-MINUTE IMMERSIVE WORKSHOPS FOR YOUTH ON A SERIES OF WEEKENDS IN TPAC'S JOHNSON THEATER. TPAC'S CAMPS AND ADVENTURES REACHED 411 YOUTH AND FAMILIES IN 2023-24. (329 YOUTH AND FAMILIES PARTICIPATED IN 2022-23.) 173297 97390 24193707 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 146 0 1 391 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 TN X JULIE GILLEN CFO 6157824033 505 DEADERICK STREET 3RD FLOOR NASHVILLE TN 37243 JENNIFER TURNER PRESIDENT & CEO 40.00 0.30 X 387946 0 22951 JAMES TIMM MANAGING DIRECTOR & CAO 40.00 X 267949 0 8921 JULIE GILLEN CFO 40.00 1.00 X 180155 0 17199 DENISE MINATOYA CAPITAL PROJECTS & FACILITIES 40.00 X 168445 0 15759 ROBERTA CIUFFO CHIEF INCLUSIVE ARTS OFFICER 40.00 X 152136 0 15166 DR MARY CLARK END 52023 CHIEF DIVERSITY & INCLUSIO 40.00 X 162163 0 4754 JEFF CONDON VP OF IT 40.00 X 141102 0 13947 KIM MARRONE VP OF HUMAN RESOURCES 40.00 X 106831 0 12637 CHRISTIAN LYHUS DIRECTOR OF PROGRAMMING 40.00 X 105552 0 12626 DIANA PELHAM VP OF LEADERSHIP GIVING 40.00 X 113336 0 4784 SUZANNE ILER END 52024 CHIEF CAMPAIGN OFFICER 40.00 X 102455 0 1860 MELVIN MALONE CHAIR 2.00 X X 0 0 0 JIM SCHMITZ VICE CHAIR 2.00 X X 0 0 0 DR PHILIP WENK IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 SHEILA GIBSON SECRETARY 2.00 X X 0 0 0 J REGINALD HILL TREASURER 2.00 0.30 X X 0 0 0 STEVE MASON DIRECTOR 0.50 X 0 0 0 CLAIRE W TUCKER DIRECTOR 0.50 X 0 0 0 TODD SHIPLEY DIRECTOR 0.50 X 0 0 0 EMANUEL J EADS DIRECTOR 0.50 X 0 0 0 ALEXIA POE DIRECTOR 0.50 X 0 0 0 MARTHA R INGRAM DIRECTOR 0.50 X 0 0 0 ANDREW TAVI DIRECTOR 0.50 X 0 0 0 TRACY KANE DIRECTOR 0.50 X 0 0 0 ROBERT M HEBERT JR DIRECTOR 0.50 0.30 X 0 0 0 NATHAN POSS DIRECTOR 0.50 X 0 0 0 RHONDA TAYLOR DIRECTOR 0.50 X 0 0 0 GAIL CARR WILLIAMS DIRECTOR 0.50 X 0 0 0 KEVIN HARTLEY DIRECTOR 0.50 X 0 0 0 MICHAEL CARTER DIRECTOR 0.50 X 0 0 0 ADAM SANSIVERI DIRECTOR 0.50 X 0 0 0 DON HARDIN DIRECTOR 0.50 X 0 0 0 JOY HEINRICHS DIRECTOR 0.50 X 0 0 0 DEBBIE HOLLENSTEIN DIRECTOR 0.50 X 0 0 0 CYBELE RAVER DIRECTOR 0.50 X 0 0 0 DR CHRISTOPHER REHM DIRECTOR 0.50 X 0 0 0 DALE ALLEN DIRECTOR 0.50 X 0 0 0 VICTOR BERRIOS DIRECTOR 0.50 X 0 0 0 1888070 0 130604 14 0 1 0 BIG ARCHITECTURE DPC 45 MAIN STREET STE 900 BROOKLYN NY 11201 ARCHITECT 6314800 MUNCHKINLAND PRODUCTIONS LP 420 W 45TH STREET 2ND FL NEW YORK NY 10036 PROMOTER 3405087 THE JOHN GORE ORGANIZATION INC 1619 BROADWAY 9TH FL NEW YORK NY 10019 PRODUCER 2025798 NASHVILLE BALLET 3630 REDMON STREET NASHVILLE TN 37209 RESIDENT COMPANY 1488011 BUENA VISTA THEATRICAL GROUP LTD 214 W 42ND STREET NEW YORK NY 10036 PRODUCER 1394399 42 625288 815585 74198611 15574491 128871 91213975 TICKET SALES 711110 17199563 17199563 TICKET SERVICE CHG/FEES 711110 4511631 4511631 REIMBURSEMENTS 711110 1284537 1284537 22995731 1436862 1436862 554839 9162 0 16160 554839 -6998 547841 554839 -6998 2652 2214 438 438 438 145500 625288 364011 -218511 -218511 2262260 446636 1815624 1815624 SALES TAX REBATE 711110 1271913 1271913 OTHER INCOME 711110 330794 330794 1602707 119394667 26968901 -6998 1218789 1430460 165033 776742 488685 6097998 4739268 1055561 303169 294808 294808 702136 702136 569892 393337 117687 58868 297927 297927 203729 6511 196693 525 47413 47413 121508 121508 391174 130231 81641 179302 1097333 1095054 1000 1279 1169212 909084 184145 75983 136563 85857 33322 17384 719 719 736159 468455 247258 20446 291194 68322 222872 ARTIST FEES 10092632 10072256 20376 CONTRACT LABOR 1961545 1959445 1000 1100 PROMOTER PROFIT SHARING 1862497 1862497 REPAIRS & MAINTENANCE 898219 704203 194016 2061975 1534154 215564 312257 30465093 24193707 4792012 1479374 26500 26500 28196488 48038081 2695092 64869891 1064618 737775 461634 44845 64732 406391 509059 23355938 7960938 4327677 15395000 14902 39153 3066 3066 36779579 130144891 1893429 6015650 13042940 13143138 22503 4614 1016476 1243933 15975348 20407335 X 20369213 23880545 435018 85857011 20804231 109737556 36779579 130144891 88929574 3751 0 X X 0 1 X 1 0 X 3234989 11564387 10957841 5280610 91213975 122251802 23229056 118266 14815173 24035883 25812830 88011208 26464045 11682653 25773014 29316493 117026805 210263010 138072 103191 130367 160917 2244041 2776588 8809245 8809245 138072 103191 130367 160917 11053286 11585833 198677177 202 174 515 288197 1436862 1725950 54628 25602 57704 9162 147096 54830 174 26117 345901 1446024 1873046 1334972 81907 1013130 1345584 1602707 5378300 27853847 11764734 26812261 31007978 120075536 217514356 0.91340 0.95030 0.00860 0.00460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 30500 0 1 91008 121508 0 PART II-B, LINE 1: TPAC PAID A TOTAL OF $121,508 IN FEES TO THEIR LOBBYISTS IN THE YEAR ENDED 6/30/2024. DIRECT LOBBYING EXPENSES WERE MADE UP OF $18,000 TO JOHNSON POSS KIRBY AND $12,500 TO HALL STRATEGIES FOR TIME INVOLVED IN DIRECT ENGAGEMENT WITH NASHVILLE METRO COUNCIL IN SUPPORT OF A MEMORANDUM OF UNDERSTANDING FOR THEIR NEW PERFORMING ARTS CENTER. THE REMAINING $91,008 WERE INDIRECT FOR ADMINISTRATIVE EXPENSES. 4925137 3413988 1511149 6567424 4546950 2020474 11863377 11863377 15395000 DEPOSITS AND OTHER 1243933 1243933 X 121010967 3751 785743 789494 120221473 -826806 -826806 119394667 32077642 785743 826806 1612549 30465093 0 30465093 PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES -364,010. UNRELATED BUSINESS INCOME - RENTAL EXPENSES -16,160. CONCESSION SUPPLIES EXPENSE -446,636. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 364,010. UNRELATED BUSINESS INCOME - RENTAL EXPENSES 16,160. CONCESSION SUPPLIES EXPENSE 446,636. TPAC GALA 646486 500986 145500 80743 52252 170017 FAMILY DAY 124302 124302 19314 8250 33435 770788 625288 145500 100057 60502 203452 364011 -218511 X X X X 0 1 0 0 0 0 0 1 0 JENNIFER TURNER PRESIDENT & CEO 352946 0 35000 0 0 0 0 0 22951 0 410897 0 0 0 JAMES TIMM MANAGING DIRECTOR & CAO 251499 0 16450 0 0 0 0 0 8921 0 276870 0 0 0 JULIE GILLEN CFO 165569 0 14586 0 0 0 0 0 17199 0 197354 0 0 0 DENISE MINATOYA CAPITAL PROJECTS & FACILITIES 160462 0 7983 0 0 0 0 0 15759 0 184204 0 0 0 ROBERTA CIUFFO CHIEF INCLUSIVE ARTS OFFICER 142318 0 9818 0 0 0 0 0 15166 0 167302 0 0 0 DR MARY CLARK END 52023 CHIEF DIVERSITY & INCLUSIO 162163 0 0 0 0 0 0 0 4754 0 166917 0 0 0 JEFF CONDON VP OF IT 134407 0 6695 0 0 0 0 0 13947 0 155049 0 0 0 PART I, LINE 4B IN 2019, TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION ENTERED INTO AN EMPLOYMENT AGREEMENT WITH JENNIFER TURNER, CEO. INCLUDED IN THIS AGREEMENT WAS A PAYMENT TO A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN THAT INCLUDES DEFERRED COMPENSATION. DURING THE YEAR ENDED JUNE 30, 2024, $20,500 WAS FUNDED TO THE PLAN. PART I, LINE 7 STAFF RECEIVED A BOARD APPROVED YEAR END BONUS FOR FY24 OF 2%. LEADERSHIP TEAM MEMBERS (EXCLUDING PRESIDENT AND CEO) RECEIVED BETWEEN A 3-5% BONUS. THESE BONUSES WERE PAID IN JULY 2024. TPAC'S PRESIDENT & CEO RECEIVED HER CONTRACTUAL BONUS IN OCTOBER 2023. THREE STAFF MEMBERS RECEIVED BONUSES DURING DECEMBER 2023-MARCH 2024 FOR TAKING ON MORE RESPONSIBILITIES DURING A COWORKER'S SCHEDULED LEAVE. THESE BONUSES WERE APPROVED BY THE PRESIDENT & CEO. X 3 42015 COMPARABLE SALES X 11 58198 COST OF DONATED PROPERTY X DONATED LIQUOR 3 27851 COST OF DONATED PROP X EVENT TICKETS 1 808 COST OF DONATED PROP 0 0 1 PART I, COLUMN (B): PART I COLUMN (B) IS REPORTED USING THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: GIFTS OF STOCK ARE TO BE TRANSFERRED INTO AN ESTABLISHED BROKERAGE ACCOUNT OPERATED BY TPAC. IT IS THE POLICY OF TPAC TO IMMEDIATELY LIQUIDATE ALL GIFTS OF STOCK/SECURITIES. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING ORGANIZATIONS AND INDIVIDUALS HAVE THE ABILITY TO APPOINT TPAC'S GOVERNING BODY: THE TENNESSEE PERFORMING ARTS FOUNDATION - 8 POSITIONS THE TENNESSEE GOVERNOR - 5 POSITIONS TENNESSEE'S EDUCATION COMMISSIONER - 1 POSITION THE TENNESSEE ARTS COMMISSION - 6 POSITIONS THE TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION - 8 POSITIONS FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF FORM 990 BY THE EXTERNAL AUDITORS FOR TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION, IT WILL BE REVIEWED BY EITHER THE CFO OR DESIGNATED FINANCE DEPARTMENT STAFF MEMBERS AND THEN A REVIEW MEETING IS HELD THAT INCLUDES THE TPAC CEO, CFO, KEY FINANCE DEPARTMENT STAFF, EXTERNAL AUDIT AND TAX PREPARER, AUDIT COMMITTEE CHAIR AND/OR BOARD TREASURER. APPROPRIATE CHANGES MAY BE MADE AT ANY POINT IN THE REVIEW PROCESS PRIOR TO FILING FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST AND CONFIDENTIALITY POLICIES ARE DISTRIBUTED ELECTRONICALLY VIA EMAIL. ALL DIRECTORS WERE ASKED TO ELECTRONICALLY ACCEPT THE POLICIES AND TO DISCLOSE ANY CONFLICTS OF INTEREST VIA A DIGITAL SURVEY. DIGITAL COPIES OF THESE SURVEY RESPONSES ARE KEPT ON FILE. FORM 990, PART VI, SECTION B, LINE 15A TPAC'S BOARD OF DIRECTORS HIRES THE ORGANIZATION'S CEO AND NEGOTIATES SUBSEQUENT EMPLOYMENT CONTRACTS. THE BOARD CHAIRMAN'S PROCESS FOR DETERMINING COMPENSATION FOR THE CEO IS BASED ON MULTIPLE CRITERIA: HISTORICAL SALARY RANGE FOR THE POSITION, SALARY SURVEY INFORMATION COMPILED ANNUALLY BY A RESEARCH FIRM FOR OUR SPECIFIC INDUSTRY (PACC - PEFORMING ARTS CENTER CONSORTIUM) AND AVAILABLE BUDGETARY RESTRAINTS. OTHER OFFICER COMPENSATION IS HANDLED SIMILARLY BY THE CEO. ALSO, TPAC HAS BEGUN TO USE SEARCH FIRMS WHEN RECRUITING FOR EXECUTIVE LEVEL POSITIONS; THE FIRMS HAVE BEEN HELPFUL WHEN DETERMINING, CONFIRMING OR RE-ASSESSING SALARY RANGES. FORM 990, PART VI, SECTION C, LINE 19 TPAC'S GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION. PURSUANT TO TENN CODE ANN SECTION 8-44-107, THE ACTIVITIES OF THE BOARD ARE OPEN TO THE PUBLIC AS IF IT WERE A GOVERNMENTAL AGENCY. SEE BELOW: 8-44-107. BOARD OF DIRECTORS OF PERFORMING ARTS CENTER MANAGEMENT CORPORATION - THE BOARD OF DIRECTORS OF THE TENNESSEE PERFORMING ARTS CENTER MANAGEMENT CORPORATION SHALL BE SUBJECT TO, AND SHALL IN ALL RESPECTS COMPLY WITH, ALL OF THE PROVISIONS MADE APPLICABLE TO GOVERNING BODIES BY THIS CHAPTER [OPEN MEETINGS LAW]. TPAC'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT WWW.GIVINGMATTERS.ORG. TPAC'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. TENNESSEE PERFORMING ARTS FOUNDATION 505 DEADERICK STREET NASHVILLE TN 37243 237272205 ENDOWMENT MGMT TO PROVIDE INCOME TO HELP DEFRAY THE OPERATING COSTS OF TPAC TN 501(C)(3) 509(A)(3) N/A 0 NASHVILLE INSTITUTE FOR THE ARTS 505 DEADERICK STREET NASHVILLE TN 37243 581387884 TN 501(C)(3) 509(A)(3) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 TENNESSEE PERFORMING ARTS FOUNDATION C 815585 CASH TENNESSEE PERFORMING ARTS FOUNDATION O