2023-05-22T16:55:28-05:00 2022-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2021-07-01 952217011 PERFORMING ARTS CENTER OF LOS ANGELES COUNTY PERF 2139727211 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 WILLIAM TAYLOR FIN/CFO & ASSIST. TREASURER 2139727211 2023-05-22 1 WILLIAM TAYLOR 999009999 LIOR TEMKIN P00748170 3104773924 2023-05-22 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z THE MUSIC CENTER (TMC) WILLIAM TAYLOR 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 73781747 0 X WWW.MUSICCENTER.ORG X 1961 CA SEE SCHEDULE O 48 47 970 148 0 0 42247564 28511188 32255331 41037326 1017076 924685 611713 1857390 76131684 72330589 761323 726942 0 0 19667362 29070188 57107 18226 3485179 23273915 31713227 43759707 61528583 32371977 10802006 146527407 148384472 39792445 42784704 106734962 105599768 X TMC 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 36839148 39135374 CENTER OPERATIONS: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 GRAND PARK. THE CENTER 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, MORE THAN 500,000 GUESTS ATTENDED OVER 500 TICKETED PERFORMANCES (SEE SCHEDULE O FOR CONTINUATION)IN THE CENTER'S VENUES, REFLECTING A GRADUAL INCREASE FOLLOWING THE PANDEMIC CLOSURE IN THE PRIOR YEAR. TMC ALSO MANAGES AND OPERATES LOS ANGELES COUNTY'S 12-ACRE GRAND PARK. THE PARK FEATURES MULTI-USE 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. 11146964 726942 3407956 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 LOW-COST PARTICIPATORY PROGRAM IN THE JERRY MOSS PLAZA, SUCH AS TMC'S "DANCE DTLA." MANY OF THE EVENTS PRODUCED BY TMC ARTS(SEE SCHEDULE O FOR CONTINUATION)IN GRAND PARK ARE CURATED IN CONJUCTION WITH THE PARK'S NUMEROUS COMMUNITY PARTNERS. IN RESPONSE TO COVID AND THE CLOSURE OF ITS THEATRES, TMC INITIATED A NEW DIGITAL PLATFORM CALLED "THE MUSIC CENTER OFFSTAGE," WHICH INCLUDED A PORTFOLIO OF FREE PERFORMANCES, INTERVIEWS, ARTS ACTIVITIES, AND SPECIAL EVENTS FOR ALL AGES. TMC ALSO MANAGES ITS NATIONALLY RECOGNIZED ARTS LEARNING PROGRAMS, WHICH TYPICALLY REACH 150,000 STUDENTS AND TEACHERS ANNUALLY AND IS THE LARGEST ARTS EDUCATION PROGRAM IN LOS ANGELES. 5377037 346844 CAPITAL IMPROVEMENTSUNDER 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. 53363149 1 1 0 0 0 0 0 1 0 0 1 1 0 1 1 1 1 0 0 0 0 0 1 1 0 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 1 247 0 1 970 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 48 47 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X X WILLIAM TAYLOR 2139727512 135 NORTH GRAND AVENUE LOS ANGELES CA 900123013 CHARLES F ADAMS DIRECTOR 1.00 X 0 0 0 WILLIAM H AHMANSON DIRECTOR 1.00 X 0 0 0 WALLIS ANNENBERG DIRECTOR 1.00 X 0 0 0 JILL BALDAUF DIRECTOR 1.00 X 0 0 0 SUSAN BAUMGARTEN DIRECTOR 1.00 X 0 0 0 PHOEBE BEASLEY DIRECTOR 1.00 X 0 0 0 THOMAS L BECKMEN DIRECTOR 1.00 X 0 0 0 KIMAADA BROWN DIRECTOR 1.00 X 0 0 0 DANNIELLE CAMPOS DIRECTOR 1.00 X 0 0 0 GREG GEYER DIRECTOR 1.00 X 0 0 0 LISA GILFORD DIRECTOR 1.00 X 0 0 0 JEFFREY HILL DIRECTOR 1.00 X 0 0 0 CARL JORDAN DIRECTOR 1.00 X 0 0 0 STEFANIE KANE DIRECTOR 1.00 X 0 0 0 KENT KRESA DIRECTOR 1.00 X 0 0 0 TERRI KOHL DIRECTOR 1.00 X 0 0 0 LILY LEE DIRECTOR 1.00 X 0 0 0 CARY LEFTON DIRECTOR 1.00 X 0 0 0 KEITH LEONARD JR DIRECTOR 1.00 X 0 0 0 DAVID LIPPMAN DIRECTOR 1.00 X 0 0 0 RICHARD LYNN MARTINEZ DIRECTOR 1.00 X 0 0 0 MATTIE MCFADDEN-LAWSON DIRECTOR 1.00 X 0 0 0 ELIZABETH MICHELSON DIRECTOR 1.00 X 0 0 0 DARRELL MILLER DIRECTOR 1.00 X 0 0 0 SHELBY NOTKIN DIRECTOR 1.00 X 0 0 0 MICHAEL PAGANO DIRECTOR 1.00 X 0 0 0 CYNTHIA PATTON DIRECTOR 1.00 X 0 0 0 KAREN KAY PLATT DIRECTOR 1.00 X 0 0 0 JOSEPH RICE DIRECTOR 1.00 X 0 0 0 MELISSA ROMAIN DIRECTOR 1.00 X 0 0 0 BEVERLY RYDER DIRECTOR 1.00 X 0 0 0 MARIA SALINAS DIRECTOR 1.00 X 0 0 0 LISA SEE DIRECTOR 1.00 X 0 0 0 MIMI SONG DIRECTOR 1.00 X 0 0 0 MATTHEW J SPENCE DIRECTOR 1.00 X 0 0 0 JOHNESE SPISSO DIRECTOR 1.00 X 0 0 0 PHILIP SWAN DIRECTOR 1.00 X 0 0 0 WALTER F ULLOA DIRECTOR 1.00 X 0 0 0 TIMOTHY S WAHL DIRECTOR 1.00 X 0 0 0 JENNIFER WALSKE DIRECTOR 1.00 X 0 0 0 ALYCE DE ROULET WILLIAMSON DIRECTOR 1.00 X 0 0 0 JAY WINTROB DIRECTOR 1.00 X 0 0 0 ROBERT J ABERNETHY CO VICE CHAIR, DIRECTOR 1.00 X X 0 0 0 DARRELL BROWN CO VICE CHAIR, DIRECTOR 1.00 X X 0 0 0 DIANE G MEDINA SECRETARY, DIRECTOR 1.00 X X 0 0 0 CYNTHIA MISCIKOWSKI CHAIR, DIRECTOR 1.00 X X 0 0 0 SUSAN WEGLEITNER TREASURER, DIRECTOR 1.00 X X 0 0 0 RACHEL S MOORE PRESIDENT & CEO 35.00 X X 924544 0 70573 WILLIAM TAYLOR SR. VP FIN/CFO & ASSIST. TRER. 35.00 X 251425 0 22352 VALENTINE GELMAN SR. VP DEVELOPMENT 35.00 X 255601 0 42421 KEITH MCTAGUE DIR. BUILDING SERVICES 44.00 X 187361 0 30825 MARY J RAMIREZ EXECUTIVE VP OF TMC ARTS 35.00 X 233691 0 31347 HOWARD SHERMAN EXECUTIVE VP, COO 35.00 X 337164 0 85779 BONNIE GOODMAN SR. VP MARKETING 35.00 X 255906 0 23353 CAROLYN VAN BRUNT VP OF GUEST RELATIONS 35.00 X 166864 0 62799 MING NG DANCE PRESENTATION 40.00 X 171596 0 16195 BEDROS OHANIAN DIR. SECURITY & LIFE SAFETY 40.00 X 157281 0 16569 CHERYL BROWN ASST. VP ADVANCEMENT 35.00 X 153235 0 61695 3094668 0 463908 36 0 1 0 ABM ONSITE SERVICES-WEST INC PO BOX 52609 LOS ANGELES CA 90074 HOUSEKEEPING 2589864 SHAWMUT DESIGN AND CONSTRUCTION 560 HARRISON AVE BOSTON MA 02118 CONSTRUCTION 1561173 MJ HELLMUTH PLUMBING INC 16835 SIERRA HIGHWAY CANYON COUNTRY CA 91351 PLUMBING 1501427 SPECIALIZED ELEVATOR CORPORATION 14320 ISELI ROAD SANTA FE SPRINGS CA 90670 MAINTENANCE 863629 NIGHT LIGHT INC 1191 MONTEREY PASS ROAD MONTEREY PARK CA 91754 PRODUCTION EQUIPMENT 829585 41 16083953 12427235 1451435 28511188 REIMB. BY LA COUNTY 900099 29083317 29083317 THEATER RENTS 900099 3827639 3827639 REIMB. BY SUBLICENSEES 900099 3557505 3557505 EDUCATION, PROGRAMMING 900099 2605901 2605901 FACILITY FEES 900099 1860142 1860142 102822 102822 41037326 936961 936961 61 61 4542 4542 892886 9831 0 0 892886 9831 902717 902717 1438821 1451158 -12337 -12337 -12337 RESTAURANT & CATERING 900099 893098 893098 CONCESSIONS 900099 55719 55719 OTHER INCOME 900099 1314 1314 950131 72330589 42890174 0 929227 621442 621442 99400 99400 6100 6100 2593467 671716 1572844 348907 21119062 18381059 1059545 1678458 1256627 1124560 67982 64085 2387015 2108903 121089 157023 1714017 1552954 20668 140395 493762 218107 275655 146319 146319 18226 18226 2954488 2367219 421035 166234 815550 782060 5612 27878 1106471 507541 262972 335958 454121 321014 108396 24711 6659 6659 550605 486167 47689 16749 166358 25572 132439 8347 471199 468943 1041 1215 604988 543465 50002 11521 1246224 1096298 149926 MAINTENANCE 11339506 11250887 76795 11824 CAPITAL EQU. PURCHASE 5573602 5573602 PRODUCTION RELATED EXP. 1616407 1603158 1478 11771 PRODUCTION - ARTIST FEE 1504269 1497744 250 6275 2662699 2048579 158518 455602 61528583 53363149 4680255 3485179 52889 47503 23432758 27999567 38213919 38575383 2355293 3515207 548946 1681779 2782674 2103261 716168 679413 42075060 34884018 39132374 41001602 146527407 148384472 9702468 8281272 2975339 9243501 18486390 17748136 8628248 7511795 39792445 42784704 X 8939487 7488708 97795475 98111060 106734962 105599768 146527407 148384472 X 10802006 -7191091 -4746109 X X 0 1 X 1 0 X 19375804 34564484 21828450 42247564 28511188 146527490 5128218 5240080 4915362 4610739 5488930 25383329 24504022 39804564 26743812 46858303 34000118 171910819 27640340 144270479 2309092 2975217 2663734 1453483 1844281 11245807 1988737 2129056 1755957 180506 950131 7004387 190161013 201905120 0.75870 0.72340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 17,583. 2018 AMOUNT: $ 22,002. 2019 AMOUNT: $ 11,414. 2020 AMOUNT: $ 8,073. 2021 AMOUNT: $ 1,314. RESTAURANT CATERING - 2017 AMOUNT: $ 1,800,248. 2018 AMOUNT: $ 1,949,404. 2019 AMOUNT: $ 1,598,203. 2020 AMOUNT: $ 102,134. 2021 AMOUNT: $ 893,098. CONCESSIONS - 2017 AMOUNT: $ 170,906. 2018 AMOUNT: $ 157,650. 2019 AMOUNT: $ 146,340. 2020 AMOUNT: $ 70,299. 2021 AMOUNT: $ 55,719. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 2201327 1858631 342696 581347 244630 336717 679413 UNITIZED FUND OF INVESTMENTS OPERATED BY THE MUSIC CENTER FOUNDATION 34884018 F 34884018 BENEFICIAL INTEREST IN TRUST 36661363 CONTRACT ACQUISITION COSTS 4340239 41001602 DUE TO RESIDENT COMPANIES 566336 DEPOSITS 219331 CAPITAL LEASE OBLIGATIONS 137758 LIABILITY FOR PENSION BENEFITS 2788370 LOANS PAYABLE 3800000 7511795 X 65270344 -7191091 5488930 -5358084 -7060245 72330589 0 72330589 67017513 5488930 5488930 61528583 0 61528583 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 -5,358,084. 0 0 0 0 0 0 0 0 0 0 SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS NORTH AMERICA 1 5000 CASH AWARDS SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS EAST ASIA AND THE PACIFIC 1 1000 CASH AWARDS SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 1 100 CASH AWARDS 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X X 1 THEATER DIRECT INC 4213 WEST BURBANK BLVD BURBANK CA 91505 TELEMARKETING 0 56540 18226 38314 56540 18226 38314 CA 1 LOS ANGELES MASTER CHORALE 135 NORTH GRAND AVE LOS ANGELES CA 90012 952315682 501(C) 3 78056 0 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE AND GRANT LOS ANGELES OPERA COMPANY 135 NORTH GRAND AVE LOS ANGELES CA 90012 952096402 501(C) 3 156441 0 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE LOS ANGELES PHILHARMONIC ASSOCIATION 151 SOUTH GRAND AVE LOS ANGELES CA 90012 951696734 501(C) 3 156441 0 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE CENTER THEATRE GROUP 135 NORTH GRAND AVE LOS ANGELES CA 90012 952466183 501(C) 3 230504 0 CASH GRANTS N/A GENERAL OPERATING ASSISTANCE AND GRANT 4 0 SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS FOR HIGH SCHOOL PERFORMING AND VISUAL ARTISTS. 125 99400 CASH AWARDS PART I, LINE 2: TMC REGULARLY REVIEWS THE FINANCIAL STATEMENTS OF ITS RESIDENT COMPANIES. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 RACHEL S MOORE PRESIDENT & CEO 661266 0 225000 0 38278 0 48310 0 22263 0 995117 0 0 0 HOWARD SHERMAN EXECUTIVE VP, COO 310891 0 0 0 26273 0 74809 0 10970 0 422943 0 0 0 VALENTINE GELMAN SR. VP DEVELOPMENT 229458 0 0 0 26143 0 10774 0 31647 0 298022 0 0 0 BONNIE GOODMAN SR. VP MARKETING 242498 0 0 0 13408 0 10397 0 12956 0 279259 0 0 0 WILLIAM TAYLOR SR. VP FIN/CFO & ASSIST. TRER. 224141 0 0 0 27284 0 9882 0 12470 0 273777 0 0 0 MARY J RAMIREZ EXECUTIVE VP OF TMC ARTS 213780 0 0 0 19911 0 7867 0 23480 0 265038 0 0 0 CAROLYN VAN BRUNT VP OF GUEST RELATIONS 161027 0 0 0 5837 0 51868 0 10931 0 229663 0 0 0 KEITH MCTAGUE DIR. BUILDING SERVICES 187361 0 0 0 0 0 0 0 30825 0 218186 0 0 0 CHERYL BROWN ASST. VP ADVANCEMENT 139389 0 0 0 13846 0 33273 0 28422 0 214930 0 0 0 MING NG DANCE PRESENTATION 145293 0 0 0 26303 0 6613 0 9582 0 187791 0 0 0 BEDROS OHANIAN DIR. SECURITY & LIFE SAFETY 149276 0 0 0 8005 0 6864 0 9705 0 173850 0 0 0 SCHEDULE J PART II: THE NONTAXABLE BENEFITS FOR SOME OF THE INDIVIDUALS COVERED BY COLLECTIVE BARGAINING AGREEMENTS INCLUDE UNION HEALTH AND WELFARE, RETIREMENT, AND PENSION CONTRIBUTIONS. A CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK 630304653 13034AK66 2020-09-03 19901658 TO CURRENT REFUND 2007 BONDS AND PAY COSTS OF ISSUANCE 0 0 0 A 1140000 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 1.141-4(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 15 1451435 AVG. ON DATE DONATED 0 1 1 PART I, LINE 32B: TMC USES A THIRD PARTY BROKER TO SELL STOCK CONTRIBUTIONS UPON RECEIPT. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION VISION: TMC STRIVES TO DEEPEN THE CULTURAL LIVES OF EVERY RESIDENT OF LOS ANGELES COUNTY AND CONTINUE CREATING AN INCREASINGLY RELEVANT, MULTIDISCIPLINARY PERFORMING ARTS CENTER. FORM 990, PART I, LINE 8: CONTRIBUTIONS AND GRANTS CONTRIBUTIONS AND GRANTS OF $28.5 MILLION DECREASED BY $13.7 MILLION COMPARED TO THE PRIOR YEAR. IN THE PRIOR YEAR, TMC RECEIVED TWO SIGNIFICANT CONTRIBUTIONS THAT INCREASED FUNDING ABOVE NORMAL LEVELS. FORM 990, PART I, LINE 9: PROGRAM SERVICE REVENUE PROGRAM SERVICE REVENUE OF $41 MILLION INCREASED BY $8.7 MILLION COMPARED TO THE PRIOR YEAR. IN THE PRIOR YEAR, TMC'S INDOOR VENUES WERE CLOSED DUE TO THE COVID PANDEMIC. IN THE FIRST QUARTER OF THE CURRENT YEAR, OUTDOOR PROGRAMMING CONTINUED ON THE JERRY MOSS PLAZA AND IN GRAND PARK. BEGINING IN THE SECOND QUARTER OF THE CURRENT YEAR, TMC'S INDOOR VENUES GRADUALLY REOPENED FOR PERFORMANCES, WHICH DROVE THE YEAR-OVER-YEAR INCREASE IN PROGRAM SERVICE REVENUE. FORM 990, PART I, LINE 18: TOTAL EXPENSES TOTAL EXPENSES OF $61.5 MILLION IN THE CURRENT YEAR WERE AN INCREASE OF $17.7 MILLION OVER THE PRIOR YEAR, DRIVEN PRIMARILY BY THE RETURN TO NORMAL OPERATING ACTIVITY WITH THE REOPENING OF TMC'S INDOOR FACILITIES AFTER THE COVID SHUTDOWN. FORM 990, PART VI, SECTION A, LINE 2 THOMAS BECKMEN, WHO IS A DIRECTOR, IS MARRIED TO JUDITH BECKMEN, WHO IS EMERITA. 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 -5,358,084. SFAS 158 COMPREHENSIVE INCOME RELATED TO PENSION OBLIGATION 617,817. LOSS ON UNCOLLECTILE PROMISES TO GIVE -5,842. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THE MUSIC CENTER OF LOS ANGELES COUNTY INC 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 954859278 INACTIVE CA N/A C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0