2026-05-14T15:23:21-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 6320 CANOGA AVENUE 17TH FLOOR WOODLAND HILLS CA 91367 990 2024-07-01 952217011 PERFORMING ARTS CENTER OF LOS ANGELES COUNTY PERF 2139727211 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 WILLIAM TAYLOR SR. VP FIN/CFO & ASSIST. TREASURER 2139727211 2026-05-14 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2024 2025-03-06 01:10:19Z THE MUSIC CENTER (TMC) WILLIAM TAYLOR 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 70924465 0 X WWW.MUSICCENTER.ORG X 1961 CA TMC STRIVES TO DEEPEN THE CULTURAL LIVES OF EVERY RESIDENT OF LOS ANGELES COUNTY AND TO CONTINUE TO CREATE AN INCREASINGLY RELEVANT, MULTIDISCIPLINARY PERFORMING ARTS CENTER. 49 48 1259 156 0 0 10873465 9930803 50538229 54921343 2691820 2215564 2523456 2770119 66626970 69837829 843084 967762 0 0 38105749 40240635 208420 124400 4199074 33167829 36226074 72325082 77558871 -5698112 -7721042 136607580 138384802 37746245 40347244 98861335 98037558 X SEE SCHEDULE OTMC CHAMPIONS THE ARTS IN LOS ANGELES FOR ALL PEOPLE. TMC CONNECTS THE PEOPLE OF LOS ANGELES WITH ONE ANOTHER AND WITH ART THAT CAN ENRICH THEIR LIVES. TMC EMBRACES PATRONS, VISITORS AND COMMUNITY MEMBERS FROM ALL BACKGROUNDS. TMC PROVIDES EXCEPTIONAL SERVICE TO ITS RESIDENT COMPANIES AND TO ALL WHO PRESENT OR EXPERIENCE THE ARTS AT ITS FACILITIES. TMC FAITHFULLY STEWARDS THE CAMPUS ENTRUSTED TO IT BY THE COUNTY OF LOS ANGELES. 0 0 47041631 0 50126345 CENTER OPERATIONS: THE MUSIC CENTER ("TMC") MAINTAINS AND OPERATES THE FACILITIES ON BEHALF OF LOS ANGELES COUNTY. THE FACILITIES INCLUDE: WALT DISNEY CONCERT HALL, DOROTHY CHANDLER PAVILION, AHMANSON THEATRE, MARK TAPER FORUM, JERRY MOSS PLAZA, AND GLORIA MOLINA GRAND PARK ("PARK"). TMC IS HOME TO FOUR RENOWNED RESIDENT COMPANIES: CENTER THEATRE GROUP, LOS ANGELES MASTER CHORALE, LOS ANGELES OPERA COMPANY, AND LOS ANGELES PHILHARMONIC ASSOCIATION. TMC PROVIDES FACILITY MAINTENANCE, SECURITY, GUEST SERVICES, PRODUCTION, AND SCHEDULING AND EVENTS MANAGEMENT. IN THE CURRENT FISCAL YEAR, NEARLY 750,000 GUESTS ATTENDED OVER 540 TICKETED PERFORMANCES IN TMC'S VENUES.TMC ALSO MANAGES AND OPERATES LOS ANGELES COUNTY'S 12-ACRE PARK. THE PARK FEATURES MULTIUSE LAWNS, STAGES, AND OPEN SPACES AVAILABLE FOR BOTH LEISURE AND CIVIC GATHERINGS. THE PARK TYPICALLY HAS MORE THAN 1 MILLION GUESTS VISIT ANNUALLY TO ENJOY ITS MANY AMMENITIES. THE PARK HAS BECOME THE CENTRAL GATHERING PLACE IN LOS ANGELES FOR MAJOR HOLIDAY CELEBRATIONS INCLUDING JULY 4TH AND NEW YEAR'S EVE. 17522520 967762 6968405 TMC ARTS:TMC HAS DEVELOPED A RAPIDLY GROWING ARTISTIC ROLE IN LOS ANGELES COUNTY. ALL TMC ARTS' PROGRAMS ARE DEVELOPED THROUGH THE LENS OF ENGAGEMENT AND WITH A FOCUS ON CREATING PROGRAMS THAT RESPOND TO AND ARE REFLECTIVE OF THE DIVERSE POPULATIONS THAT COMPRISE LOS ANGELES COUNTY. THIS APPROACH APPLIES TO THE RANGE OF TMC ARTS PROGRAMS, WHETHER A TICKETED PRESENTATION OF A DANCE COMPANY IN TMC'S THEATRES FOR ITS "GLORYA KAUFMAN PRESENTS DANCE AT THE MUSIC CENTER" SERIES, OR A FREE AND/OR LOWCOST PARTICIPATORY PROGRAM IN THE JERRY MOSS PLAZA, SUCH AS TMC'S "DANCE DTLA." MANY OF THE EVENTS PRODUCED BY TMC ARTS IN THE PARK ARE CURATED IN CONJUNCTION WITH THE PARK'S NUMEROUS COMMUNITY PARTNERS. TMC INITIATED A NEW DIGITAL INITIATIVE FOCUSED ON IMMERSIVE TECHNOLOGY. TMC ALSO MANAGES ITS HIGHLY RESPECTED ARTS LEARNING PROGRAMS, WHICH TYPICALLY REACH 150,000 STUDENTS AND FAMILIES ANNUALLY AND IS THE LARGEST ARTS EDUCATION PROGRAM IN LOS ANGELES. 2652341 0 596170 CAPITAL IMPROVEMENTS:UNDER THE TERMS OF THE OPERATING AGREEMENT WITH THE COUNTY OF LOS ANGELES, TMC TRANSFERS TITLE OF LEASEHOLD AND OTHER CAPITAL IMPROVEMENTS TO THE COUNTY OF LOS ANGELES UPON PURCHASE. AS SUCH, TMC EXPENSES THESE PURCHASES AS THEY ARE INCURRED. CAPITAL IMPROVEMENT EXPENSES ALSO INCLUDE DEBT SERVICE RELATED TO BONDS PAYABLE FOR THE 2007 MARK TAPER FORUM RENOVATION, AMORTIZATION OF FOOD AND BEVERAGE CONTRACT ACQUISITION COSTS, AND VARIOUS CAPITAL IMPROVEMENTS ACROSS THE TMC CAMPUS. 67216492 1 1 0 0 0 0 0 1 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 347 0 1 1259 1 0 0 0 0 0 1 1 0 0 0 0 1 0 X 49 48 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X WILLIAM TAYLOR 2139727512 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 RACHEL S MOORE PRESIDENT AND CEO 35.00 X X 1409408 0 85974 CINDY MISCIKOWSKI CHAIR, DIRECTOR 1.00 X X 0 0 0 ROBERT J ABERNETHY CO VICE CHAIR, DIRECTOR 1.00 X X 0 0 0 DIANE G MEDINA SECRETARY, DIRECTOR 1.00 X X 0 0 0 SUSAN M WEGLEITNER TREASURER, DIRECTOR 1.00 X X 0 0 0 CHARLENE ACHKI REPKO DIRECTOR 1.00 X 0 0 0 CHARLES F ADAMS DIRECTOR 1.00 X 0 0 0 WILLIAM H AHMANSON DIRECTOR 1.00 X 0 0 0 ROMESH ANKETELL DIRECTOR 1.00 X 0 0 0 JILL C BALDAUF DIRECTOR 1.00 X 0 0 0 SUSAN E BAUMGARTEN DIRECTOR 1.00 X 0 0 0 PHOEBE BEASLEY DIRECTOR 1.00 X 0 0 0 THOMAS L BECKMEN DIRECTOR (THRU 09/24) 1.00 X 0 0 0 KRISTIN BURR DIRECTOR 1.00 X 0 0 0 DANNIELLE CAMPOS DIRECTOR 1.00 X 0 0 0 ALBERTO M CARVALHO DIRECTOR 1.00 X 0 0 0 ELIZABETH KHURI CHANDLER DIRECTOR 1.00 X 0 0 0 RILEY ETHERIDGE JR DIRECTOR 1.00 X 0 0 0 AMY R FORBES DIRECTOR 1.00 X 0 0 0 GREG T GEYER DIRECTOR 1.00 X 0 0 0 JOAN E HERMAN DIRECTOR 1.00 X 0 0 0 JEFFREY M HILL DIRECTOR 1.00 X 0 0 0 JONATHAN B HODGE DIRECTOR 1.00 X 0 0 0 MARY ANN HUNT-JACOBSEN DIRECTOR 1.00 X 0 0 0 CARL JORDAN DIRECTOR 1.00 X 0 0 0 RONALD D KAPLAN DIRECTOR 1.00 X 0 0 0 RICHARD B KENDALL DIRECTOR 1.00 X 0 0 0 TERRI M KOHL DIRECTOR (THRU 06/25) 1.00 X 0 0 0 LILY LEE DIRECTOR 1.00 X 0 0 0 CARY J LEFTON DIRECTOR 1.00 X 0 0 0 KEITH R LEONARD JR DIRECTOR 1.00 X 0 0 0 KELSEY N MARTIN DIRECTOR 1.00 X 0 0 0 SUSAN M MATT DIRECTOR 1.00 X 0 0 0 ELIZABETH MICHELSON DIRECTOR 1.00 X 0 0 0 DARRELL D MILLER DIRECTOR 1.00 X 0 0 0 TERESITA NOTKIN DIRECTOR 1.00 X 0 0 0 MICHAEL J PAGANO DIRECTOR 1.00 X 0 0 0 CYNTHIA M PATTON DIRECTOR (THRU 09/24) 1.00 X 0 0 0 KAREN KAY PLATT DIRECTOR 1.00 X 0 0 0 SUSAN ERBURU REARDON DIRECTOR 1.00 X 0 0 0 JOSEPH J RICE DIRECTOR 1.00 X 0 0 0 MELISSA ROMAIN DIRECTOR 1.00 X 0 0 0 BEVERLY P RYDER DIRECTOR 1.00 X 0 0 0 MARIA S SALINAS DIRECTOR 1.00 X 0 0 0 CORINNE JESSIE SANCHEZ DIRECTOR 1.00 X 0 0 0 MIMI SONG DIRECTOR 1.00 X 0 0 0 JOHNESE SPISSO DIRECTOR 1.00 X 0 0 0 MICHAEL STOCKTON DIRECTOR 1.00 X 0 0 0 JASON SUBOTKY DIRECTOR 1.00 X 0 0 0 TIMOTHY S WAHL DIRECTOR 1.00 X 0 0 0 JENNIFER M WALSKE DIRECTOR 1.00 X 0 0 0 JAY S WINTROB DIRECTOR 1.00 X 0 0 0 WILLIAM TAYLOR SR. VP FIN/CFO & ASST. TREAS. 35.00 X 283541 0 26337 HOWARD SHERMAN EXECUTIVE VP, COO 35.00 X 373034 0 98468 SUSAN AVILA SR. VP DEVELOPMENT 35.00 X 372302 0 16629 MARY J RAMIREZ EXECUTIVE VP OF TMC ARTS 35.00 X 258220 0 53583 KEITH MCTAGUE DIR. BUILDING SERVICES 45.00 X 247204 0 42054 BONNIE GOODMAN SR. VP MARKETING 35.00 X 279572 0 27457 SHELBY BOAGNI SR. VP OF PEOPLE & CULTURE 35.00 X 253325 0 13305 JULIA DIAMOND VP TMC ARTS 35.00 X 191553 0 24336 AARON M STAUBACH STAGE HEAD 42.00 X 190378 0 57453 TIMOTHY L CONROY STAGE HEAD 53.00 X 187749 0 57284 4046286 0 502880 61 0 1 0 ABM ONSITE SERVICES-WEST INC 14141 SOUTHWEST FREEWAY SUITE 400 SUGAR LAND TX 77478 HOUSEKEEPING 4481071 LEVY RESTAURANTS 135 N GRAND AVE LOS ANGELES CA 90012 CATERING 1318016 COMPLETE ELECTRICAL SERVICES INC 5610 BRAELOCH ST ACTON CA 93510 MAINTENANCE 996348 HARDESTY CONSTRUCTION INC 12552 GARNET ST GARDEN GROVE CA 92845 CONSTRUCTION 756008 MONIKER FILMS INC 578 WASHINGTON BLVD 411 MARINA DEL REY CA 90292 PRODUCTION 725276 62 572329 341030 9017444 201551 9930803 REIMB. BY LA COUNTY 900099 34498635 34498635 REIMB. BY SUBLICENSEES 900099 6678011 6678011 EDUCATION, PROGRAMMING 900099 5778300 5778300 THEATER RENTS 900099 4585165 4585165 FACILITY FEES 900099 3098906 3098906 282326 282326 54921343 2228774 2228774 1711 1711 542 542 1183258 59887 0 0 1183258 59887 1243145 1243145 685283 700204 -14921 -14921 -14921 386432 572329 386432 0 RESTAURANT & CATERING 900099 1441805 1441805 CONCESSIONS 900099 84627 84627 1526432 69837829 57690920 0 2216106 757612 757612 210150 210150 3207441 748089 2059495 399857 28944776 25370272 1574568 1999936 1996117 1802049 98871 95197 3654144 3116675 290366 247103 2438157 2078582 190279 169296 412665 145000 267665 156257 156257 124400 124400 2497934 1758365 465300 274269 1350083 1170829 6399 172855 1460561 934946 404804 120811 904958 605707 197556 101695 15480 15480 317824 257830 33460 26534 144298 49165 86543 8590 552770 551361 698 711 648867 630640 12529 5698 1662997 1516764 146233 MAINTENANCE 12582405 12562364 16262 3779 PRODUCTION RELATED 4154348 3670585 53720 430043 PRODUCTION - ARTIST FEE 4047470 4029170 18300 CAPITAL PURCHASE 2982625 2982625 2334532 2252232 82300 77558871 67216492 6143305 4199074 30564 25461 14929303 19831804 28816235 18158280 3956062 3366668 1368984 1563302 3754410 2850072 788018 904338 42316159 46478667 44402255 48056282 136607580 138384802 7591395 10431050 7910027 7872753 16191326 15434088 6053497 6609353 37746245 40347244 X 14613112 17718207 84248223 80319351 98861335 98037558 136607580 138384802 X -7721042 4006706 2890559 X 0 1 X 1 0 X 42245314 28511188 11560948 10873465 9930803 103121718 4610739 5488930 6291631 6226406 6391657 29009363 46856053 34000118 17852579 17099871 16322460 132131081 29356262 102774819 1453483 1844281 2992798 3549868 3474172 13314602 0 180506 950131 1496678 1668996 1526432 5822743 151268426 228031472 0.67940 0.70760 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 8,073. 2021 AMOUNT: $ 1,314. 2022 AMOUNT: $ 2,282. RESTAURANT CATERING - 2020 AMOUNT: $ 102,134. 2021 AMOUNT: $ 893,098. 2022 AMOUNT: $ 1,416,793. 2023 AMOUNT: $ 1,570,191. 2024 AMOUNT: $ 1,441,805. CONCESSIONS - 2020 AMOUNT: $ 70,299. 2021 AMOUNT: $ 55,719. 2022 AMOUNT: $ 77,603. 2023 AMOUNT: $ 98,805. 2024 AMOUNT: $ 84,627. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 2399001 2226366 172635 1355409 623706 731703 904338 UNITIZED FUND OF INVESTMENTS OPERATED BY THE MUSIC CENTER FOUNDATION 46478667 F 46478667 BENEFICIAL INTEREST IN TRUST 44084575 CONTRACT ACQUISITION COSTS 3971707 48056282 LOANS PAYABLE 2600000 LIABILITY FOR PENSION BENEFITS 2015480 DUE TO RESIDENT COMPANIES 677297 DEPOSITS 1230601 CAPITAL LEASE OBLIGATION 30396 BONDS PAYABLE 55579 6609353 X 83126751 4006706 6391657 2890559 13288922 69837829 0 69837829 83950528 6391657 6391657 77558871 0 77558871 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY CULTURAL INSTITUTIONS, ART OBJECTS PURCHASED BY OR DONATED TO TMC ARE NOT INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION. TMC'S COLLECTION CONSISTS OF ART OBJECTS THAT ARE ON EXHIBITION. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR IN TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. ITEMS IN THE COLLECTION INCLUDE: PAINTINGS, PRINTS, SCULPTURES, FURNITURE, MUSICAL ITEMS, AND TEXTILES. PART X, LINE 2: TMC IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701(D). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN ITS FINANCIAL STATEMENTS. TMC RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE AMOUNT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED, AS APPROPRIATE, FOR CHANGES IN FACTS AND CIRCUMSTANCES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTERESTS 2,917,845. SFAS 158 COMPREHENSIVE INCOME RELATED TO PENSION OBLIGATION -27,286. X X X X X X X 1 THEATER DIRECT INC 4213 WEST BURBANK BLVD BURBANK CA 91505 TELEMARKETING 0 58391 19400 38991 CREATIVE FUNDRAISING ADVISORS 1041 GRAND AVE SUITE 225 ST PAUL MN 55105 CAMPAIGN STRATEGY AND PLANNING 0 0 105000 -105000 58391 124400 -66009 CA SPOTLIGHT GALA 696496 500812 195684 43583 82487 14251 55363 BIRTHDAY BASH 262265 71517 190748 49178 50706 53095 37769 958761 572329 386432 92761 133193 67346 93132 386432 0 1 CENTER THEATRE GROUP 135 NORTH GRAND AVE LOS ANGELES CA 90012 952466183 501(C)3 270287 0 N/A N/A GENERAL OPERATION ASSISTANCE AND GRANT LOS ANGELES OPERA COMPANY 135 NORTH GRAND AVE LOS ANGELES CA 90012 952096402 501(C)3 189974 0 N/A N/A GENERAL OPERATION ASSISTANCE AND GRANT LOS ANGELES PHILHARMONIC ASSOCIATION 151 SOUTH GRAND AVE LOS ANGELES CA 90012 951696734 501(C)3 189974 0 N/A N/A GENERAL OPERATION ASSISTANCE AND GRANT LOS ANGELES MASTER CHORALE 135 NORTH GRAND AVE LOS ANGELES CA 90012 952315682 501(C)3 107377 0 N/A N/A GENERAL OPERATION ASSISTANCE AND GRANT 4 0 SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS FOR HIGH SCHOOL PERFORMING AND VISUAL ARTISTS 160 127800 0 N/A N/A STAFF EMERGENCY RELIEF FUND 9 82350 0 N/A N/A PART I, LINE 2: TMC REGULARLY REVIEWS THE FINANCIAL STATEMENTS OF ITS RESIDENT COMPANIES. X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 RACHEL S MOORE PRESIDENT AND CEO 869645 0 327500 0 212263 0 57268 0 28706 0 1495382 0 200000 0 HOWARD SHERMAN EXECUTIVE VP, COO 372630 0 0 0 404 0 89166 0 9302 0 471502 0 0 0 SUSAN AVILA SR. VP DEVELOPMENT 371906 0 0 0 396 0 13210 0 3419 0 388931 0 0 0 MARY J RAMIREZ EXECUTIVE VP OF TMC ARTS 257444 0 0 0 776 0 24721 0 28862 0 311803 0 0 0 WILLIAM TAYLOR SR. VP FIN/CFO & ASST. TREAS. 282281 0 0 0 1260 0 11351 0 14986 0 309878 0 0 0 BONNIE GOODMAN SR. VP MARKETING 278796 0 0 0 776 0 11358 0 16099 0 307029 0 0 0 KEITH MCTAGUE DIR. BUILDING SERVICES 247204 0 0 0 0 0 23529 0 18525 0 289258 0 0 0 SHELBY BOAGNI SR. VP OF PEOPLE & CULTURE 252929 0 0 0 396 0 10240 0 3065 0 266630 0 0 0 AARON M STAUBACH STAGE HEAD 190378 0 0 0 0 0 31394 0 26059 0 247831 0 0 0 TIMOTHY L CONROY STAGE HEAD 187749 0 0 0 0 0 30909 0 26375 0 245033 0 0 0 JULIA DIAMOND VP TMC ARTS 191492 0 0 0 61 0 7754 0 16582 0 215889 0 0 0 PART I, LINE 1A THE NONTAXABLE BENEFITS FOR SOME OF THE INDIVIDUALS COVERED BY COLLECTIVE BARGAINING AGREEMENTS INCLUDE UNION HEALTH AND WELFARE, RETIREMENT AND PENSION CONTRIBUTIONS. PART I, LINE 4B RACHEL MOORE PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). IN 2024, CONTRIBUTIONS TO THE PLAN WERE MADE IN THE AMOUNT OF $45,368, AND THE DISTRIBUTIONS WERE $200,000. PART I, LINE 7 BONUSES WERE PAID DURING THE YEAR AND ARE DISCRETIONARY IN NATURE. A CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK 630304653 13034AK66 2020-09-30 19901658 (SEE PART VI FOR DESCRIPTION) 0 0 0 A 2640000 19901658 398033 19503625 1 0 0 1 A 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 0 0 0 1 A 1 SCHEDULE K, PART I LINE A(F): BONDS WERE ISSUED TO CURRENT REFUND 2007 BONDS (ISSUED ON MAY 23, 2007) AND TO PAY COSTS OF ISSUANCE. SCHEDULE K, PART III LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.1414(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. TMC HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART IV LINE 2B: THE BONDS HAVE MET THE 6-MONTH EXCEPTION TO THE REBATE REQUIREMENT. X 17 201551 AVG. ON DATE DONATED 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPRESENTS NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED WITH THE REMOVAL OF THE MUSIC CENTER LEADERSHIP COUNCIL (FORMERLY FRATERNITY OF FRIENDS OF THE MUSIC CENTER) FROM THE LIST OF DESIGNATED DIRECTORS. THE GROUP IS NO LONGER ACTIVE AND DOES NOT HAVE REPRESENTATION ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE FOLLOWING ENTITIES SHALL HAVE THE RIGHT TO DESIGNATE ITS UNCOMPENSATED VOLUNTEER PRESIDENT, CHAIR, VICE CHAIR OR EQUIVALENT OFFICER AS A DIRECTOR OF TMC: - CENTER THEATRE GROUP OF LOS ANGELES - LOS ANGELES OPERA - BLUE RIBBON - LOS ANGELES MASTER CHORALE ASSOCIATION - LOS ANGELES PHILHARMONIC ASSOCIATION - THE MUSIC CENTER FOUNDATION - CENTER DANCE ARTS FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS OF TMC ("BOARD") HAS DELEGATED THE AUTHORITY TO THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE FORM 990. ONCE APPROVED, IT IS MADE AVAILABLE TO THE REMAINDER OF THE BOARD FOR A COMMENT PERIOD PRIOR TO THE FORM BEING ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURES ARE REQUIRED FOR OFFICERS, DIRECTORS, AND KEY EMPLOYEES. DISCLOSURES FOR DIRECTORS ARE SUMMARIZED AND REVIEWED BY THE CHAIR OF THE BOARD. DISCLOSURES FOR OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER. IF A CONFLICT EXISTS AT THE DIRECTOR LEVEL, THE DIRECTOR IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. IF POTENTIAL CONFLICTS ARISE AT THE OFFICER OR KEY EMPLOYEE LEVEL, THE TRANSACTION WOULD BE REVIEWED BY LEGAL COUNSEL AND THE RELEVANT BOARD COMMITTEE TO DETERMINE RESTRICTIONS. FORM 990, PART VI, SECTION B, LINE 15 PURSUANT TO THE BYLAWS, THE COMMPENSATION COMMITTEE IS AUTHORIZED TO DETERMINE THE COMPENSATION OF THE PRESIDENT AND CEO, CFO, AND SUCH OTHER OFFICERS OF THE CORPORATION AS THE COMPENSATION COMMITTEE DETERMINES APPROPRIATE OR AS DIRECTED BY THE BOARD, ANNUALLY AND WHENEVER A MODIFICATION IN COMPENSATION IS PROPOSED. AFTER A THOROUGH REVIEW OF HIS/HER PERFORMANCE, COMPENSATION OF EXECUTIVES AT OTHER ARTS ORGANIZATIONS, AND OTHER FACTORS, THE COMMITTEE APPROVES THE PRESIDENT AND CEO, CFO, AND SUCH OTHER OFFICERS' COMPENSATION. THE CEO REVIEWS AND APPROVES THE COMPENSATION OF ALL OTHER OFFICERS AND KEY EMPLOYEES NOT REVIEWED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, INFORMATIONAL RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS 2,917,845. SFAS 158 COMPREHENSIVE INCOME RELATED TO PENSION OBLIGATION -27,286. THE MUSIC CENTER OF LOS ANGELES COUNTY INC 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 954859278 INACTIVE CA PERFORMING ARTS CENTER OF LOS ANGELES COUNTY C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0