2022-08-12T06:21:42-05:00 2021-09-30 111986323 MARCUM LLP ONE SOUTHEAST THIRD AVE SUITE 1100 MIAMI FL 33131 990 2020-10-01 262567808 ADRIENNE ARSHT CENTER FOUNDATION INC ADRI 7864682000 1300 BISCAYNE BLVD MIAMI FL 33132 THOMAS M BERGER VP & CFO 7864682000 2022-08-02 1 THOMAS BERGER 999009999 MICHAEL NOVAK P01074800 3059959600 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHANN ZIETSMAN 1300 BISCAYNE BLVD MIAMI FL 33132 1728001 0 X WWW.ARSHTCENTER.ORG X 2008 FL SEE SCHEDULE O 14 14 2 0 0 0 1901540 1685701 0 0 0 0 -53409 -214070 1848131 1471631 2166892 155000 0 0 541280 559749 0 0 158154 48454 45738 2756626 760487 -908495 711144 5810200 6461095 188823 128574 5621377 6332521 PROVIDE OPERATING SUPPORT FOR THE ADRIENNE ARSHT CENTER FOR THE PERFORMING ARTS (A NOT-FOR-PROFIT ORGANIZATION)BY RAISING PRIVATE CONTRIBUTIONS TO HELP THE CENTER PRESENT HIGH-QUALITY PERFORMANCES AND EDUCATIONAL PROGRAMS FOR SOUTH FLORIDA'S DIVERSE COMMUNITY. 0 0 546301 155000 ADRIENNE ARSHT CENTER FOUNDATION, INC. RAISES PRIVATE CONTRIBUTIONS OF FUNDS AND IN-KIND GIFTS FOR THE ADRIENNE ARSHT CENTER TRUST, INC., A FLORIDA NON-PROFIT CORPORATION. 546301 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 2 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X THOMAS M BERGER 7864682000 1300 BISCAYNE BLVD MIAMI FL 33132 ADRIENNE ARSHT FOUNDING CHAIRMAN 1.00 X X 0 0 0 ERIC G JOHNSON DIRECTOR 1.00 X X 0 0 0 NANCY BATCHELOR SECRETARY 1.00 X X 0 0 0 LEE E CAPLIN DIRECTOR 1.00 X 0 0 0 TRISH BELL DIRECTOR 1.00 X 0 0 0 NICHOLE SCOTT DIRECTOR 1.00 X 0 0 0 SWANEE DIMARE DIRECTOR 1.00 X 0 0 0 ANDREA GUERRERI DIRECTOR 1.00 X 0 0 0 KIMBERLY GREEN DIRECTOR 1.00 X 0 0 0 JANET GOLDMAN DIRECTOR 1.00 X 0 0 0 NICHOLAS MICELI DIRECTOR 1.00 X 0 0 0 ROBERT BARLICK JR DIRECTOR 1.00 X 0 0 0 DAVID ROCKER DIRECTOR 1.00 X 0 0 0 JOHANN ZIETSMAN PRESIDENT & CEO 30.00 35.00 X 256302 0 0 SUZANNA VALDEZ WOLFE VICE PRESIDENT,ADVANCEMENT 50.00 50.00 X 180426 0 0 436728 0 0 2 0 1 0 0 251282 694526 41668 698225 16480 1685701 42300 694526 256370 -214070 -214070 1471631 0 0 -214070 155000 155000 228978 142583 10185 76210 294024 197941 14139 81944 9764 9113 651 8201 7654 547 18782 17530 1252 2283 2283 9467 9467 8737 8737 4500 4500 2342 2342 INKIND DONATIONS 16480 16480 BANK SERVICE CHARGES 1929 1929 0 760487 546301 56032 158154 X 1437256 3246957 4362444 3188138 45000 39000 10500 6000 0 20000 5810200 6461095 44655 78574 102500 50000 41668 0 188823 128574 X 1381025 2963428 4240352 3369093 5621377 6332521 5810200 6461095 711144 0 X X 0 1 X 0 0 X 2168263 2023069 5494311 1901540 1685701 13272884 2168263 2023069 5494311 1901540 1685701 13272884 2738168 10534716 13272884 0.79370 0.70630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45000 39000 6000 6000 X 1715735 0 1715735 -244104 -244104 1471631 1004591 256370 256370 748221 12266 12266 760487 PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH GAAP, WHICH REQUIRES RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE FOUNDATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS AND NO ADJUSTMENTS TO ITS FINANCIAL POSITION, ACTIVITIES OR CASH FLOWS WERE REQUIRED. THE FOUNDATION DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS WILL INCREASE WITHIN THE NEXT TWELVE MONTHS. THE FOUNDATION DID NOT RECORD ANY INTEREST OR PENALTIES ON UNCERTAIN TAX POSITIONS IN THE STATEMENT OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2020 OR THE ACCOMPANYING STATEMENT OF ACTIVITIES FOR THE YEAR THEN ENDED. IF THE FOUNDATION WERE TO INCUR ANY INCOME TAX LIABILITY IN THE FUTURE, INTEREST ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INTEREST EXPENSE AND PENALTIES ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INCOME TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED NET IN REVENUE BAD DEBT EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED NET IN REVENUE PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE GALA 736826 694526 42300 3250 61326 21500 170294 736826 694526 42300 3250 61326 21500 170294 256370 -214070 1 ADRIENNE ARSHT CENTER TRUST INC 1300 BISCAYNE BLVD MIAMI FL 33132 650353695 501(C)(3) 155000 CASH TO FUND BUDGET 1 X X X X X 0 0 0 0 0 0 0 0 0 JOHANN ZIETSMAN PRESIDENT & CEO 256302 0 0 0 0 0 0 0 0 0 256302 0 0 0 SUZANNA VALDEZ WOLFE VICE PRESIDENT,ADVANCEMENT 180426 0 0 0 0 0 0 0 0 0 180426 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PREPARED BY EXTERNAL AUDITORS AND REVIEWED BY THE CHIEF FINANCIAL OFFICER AND PRESIDENT AND CEO. PRIOR TO FINALIZATION OF THE RETURN, A FINAL DRAFT OF FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS. THE FORM DISTRIBUTED TO THE BOARD OF DIRECTORS REFLECTS THE RETURN ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES ITS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO DETERMINES THE COMPENSATION FOR ALL SENIOR STAFF AFTER A REVIEW PROCESS. COMPENSATION FOR THE CEO IS APPROVED BY THE BOARD OF DIRECTORS AS PART OF A COMPARATIVE STUDY AND ADDITIONAL ANALYSIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART X, LINE 24 ON MAY 1, 2020, THE FOUNDATION ENTERED INTO A PAYCHECK PROTECTION PROGRAM ("PPP") PROMISSORY NOTE FOR TOTAL PROCEEDS OF $41,668, WITH A FINANCIAL INSTITUTION IN RELATION TO THE RECENTLY ENACTED CORONAVIRUS AID RELIEF, AND ECONOMIC SECURITY ACT ("CARES ACT") ADMINISTERED BY THE U.S. SMALL BUSINESS ADMINISTRATION ("SBA"). INTEREST ON THE NOTE ACCRUED AT 1% PER ANNUM. IN ACCORDANCE WITH THE REQUIREMENTS OF THE CARES ACT, THE FOUNDATION UTILIZED THE PROCEEDS OF THE NOTE PRIMARILY FOR PAYROLL AND OTHER ALLOWABLE COSTS. THE FOUNDATION APPLIED TO THE LENDER AND THE SBA FOR LOAN FORGIVENESS AS SPECIFIED UNDER THE PPP RULES. ON APRIL 21, 2021, THE FOUNDATION RECEIVED FULL LOAN FORGIVENESS OF THE PROMISSORY NOTE OF $41,668 AND INTEREST INCURRED THROUGH THE DATE OF FORGIVENESS. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITORS AND OVERSIGHT OF THE ANNUAL AUDIT. ADRIENNE ARSHT CENTER TRUST INC 1300 BISCAYNE BLVD MIAMI FL 33132 650353695 ENTERTAINMENT FL 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0