2025-07-07T12:15:10-05:00 2024-09-30 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2023-10-01 593524613 TAMPA BAY PERFORMING ARTS CENTER FOUNDATION INC TAMP 8132221044 1010 NORTH WC MACINNES PLACE TAMPA FL 336023720 MARY BETH ROSSI CAFO (CENTER) 8132221044 2025-07-07 1 1 LISA BURKE P00220718 8169455500 2025-06-30 2023 2025-03-06 01:10:19Z GREGORY HOLLAND 1010 NORTH WC MACINNES PLACE TAMPA FL 336023720 47796029 0 X N/A X 1997 FL SUPPORTING ORGANIZATION DEDICATED TO THE BENEFIT OF TAMPA BAY PERFORMING ARTS CENTER, INC. 15 14 0 14 0 0 12010914 11009077 0 0 1306871 5947329 0 0 13317785 16956406 3789601 3871125 0 0 193385 130416 0 0 267920 810544 754139 4793530 4755680 8524255 12200726 60473986 76164863 624554 922385 59849432 75242478 X THE FOUNDATION IS ORGANIZED AS A SUPPORTING ORGANIZATION EXCLUSIVELY FOR THE BENEFIT OF TAMPA BAY PERFORMING ARTS CENTER, INC. DBA DAVID A. STRAZ JR. CENTER FOR THE PERFORMING ARTS ("CENTER OR "STRAZ CENTER"). SEE SCHEDULE O FOR EXPANDED MISSION. 0 0 1735008 1735008 IN FISCAL YEAR 2023/2024, THE TAMPA BAY PERFORMING ARTS CENTER FOUNDATION, INC. (THE "FOUNDATION") CARRIED OUT ITS MISSION IN SUPPORTING THE TAMPA BAY PERFORMING ARTS CENTER, INC. DBA DAVID A. STRAZ JR CENTER FOR THE PERFORMING ARTS (THE "CENTER OR "STRAZ CENTER") THROUGH DISBURSEMENT OF (A) APPROVED SPENDING POLICY DISTRIBUTION GRANTS AND (B) GRANTS OF GIFTS RECEIVED FROM OTHER FOUNDATIONS TO SUPPORT CENTER EDUCATION AND OPERA PROGRAMS, ARTISTIC INITIATIVES, FACILITY IMPROVEMENTS AND GENERAL OPERATIONS.(CONTINUED ON SCHEDULE O)SPENDING POLICY DISTRIBUTIONS ARE BASED ON THE RELATED ESTABLISHED BOARD POLICY TO PROVIDE A CONSISTENT PROCESS TO MOVE FUNDS FROM THE ENDOWMENT TO OPERATING FUNDS ON AN ANNUAL OR APPROVED BASIS. GIFTS RECEIVED BY THE FOUNDATION AND TRANSFERRED TO THE CENTER FROM OTHER FOUNDATIONS ARE APPROVED BY THE FOUNDATION BOARD OR PER DONOR REQUEST. 1966261 1966261 THE FOUNDATION LAUNCHED ITS $100 MILLION "BOUNDLESS CAPITAL CAMPAIGN" TOWARDS THE END OF ITS FISCAL YEAR 2018/2019 AS PART OF ITS MISSION TO SUPPORT THE STRAZ CENTER AS IT CONTINUES TO GROW IN THE TAMPA BAY REGION. THIS CAMPAIGN IS COMPRISED OF 2 PARTS: $80 MILLION MASTER PLAN EXPANSION PROJECT AND $20 MILLION TO INCREASE ENDOWMENT. THE FOUNDATION IS COLLECTING CAMPAIGN PLEDGES AND REIMBURSING THE CENTER FOR MASTER PLAN EXPENDITURES. THE MASTER PLAN COMMENCED ITS DESIGN PHASE IN 2018/2019 WITH ACTUAL CONSTRUCTION STARTED IN MARCH 2025 AND ANTICIPATED COMPLETION IN 2027.(CONTINUED ON SCHEDULE O)THROUGH ITS OVERSIGHT OF LONG-TERM ASSETS AND THE ENDOWMENT FUND, THE FOUNDATION PROVIDED THE CENTER FINANCIAL STABILITY IN FISCAL YEAR 2023/2024 AND HELPED MAINTAIN THE CENTER'S HIGH STANDARDS OF EXCELLENCE AND CREATIVITY AS WELL AS PROVIDING PATRONS THE ABILITY TO CONTINUE TO ENJOY THE CENTER'S PROGRAMS.FOUNDATION ENDOWMENT BY THE NUMBERS:$66.9 MILLION IN GIFTS AND PLEDGES HAS BEEN COMMITTED TO THE STRAZ CENTER ENDOWMENT FROM BOTH THE PRIVATE AND PUBLIC SECTORS THROUGH OUTRIGHT GIFTS AND PLANNED GIFTS.IN 2023/2024, A TOTAL OF $1.7 MILLION OF ENDOWMENT EARNINGS WERE DISTRIBUTED TO THE STRAZ CENTER'S OPERATING BUDGET TO SUPPORT ARTISTIC EXCELLENCE, ARTS EDUCATION, AND OUR STATE-OF-THE-ART FACILITIES.IMPACT OF THE ENDOWMENT:INCOME FROM OUR ENDOWMENT ALLOWS THE STRAZ CENTER TO PROVIDE THE HIGHEST LEVEL OF ARTISTIC PROGRAMMING WHILE ALSO ENSURING THAT YOUNG TALENT FLOURISHES IN OUR COMMUNITY. IT ALSO SUPPORTS VITAL CAPITAL PROJECTS THAT HELP THE STRAZ CENTER REMAIN AN INDUSTRY STANDARD. ENDOWMENT FUNDS PROVIDE SUPPORT THROUGH ENDOWMENT EARNINGS IN THE AREAS OF ARTISTIC EXCELLENCE, CAMPUS IMPROVEMENTS, ARTS EDUCATION, OPERA TAMPA, OUTREACH AND COMMUNITY EDUCATION, ARTS EDUCATION SCHOLARSHIPS, TICKET SUBSIDIES, AND MORE. THIS FINANCIAL STABILITY ALLOWS STRAZ CENTER TO ADVANCE ITS MISSION AND IMPACT ON THE COMMUNITY.ARTISTIC EXCELLENCE:OUR ARTISTIC PROGRAMMING IS ONCE AGAIN THRIVING WITH BROADWAY AND OUR GRAND OPERA LEADING THE WAY AT THE STRAZ CENTER. ONCE AGAIN, WE HAVE OUR MORSANI HALL CROWD THRILLED TO SEE A BROADWAY SPECTACULAR, A JAEB THEATER AUDIENCE ENJOYING SOMETHING LEFT OF CENTER, AND OUR PATEL STUDIOS FULL OF YOUNG ACTORS, DANCERS AND MUSICIANS AND THE NEXT GENERATION'S PERFORMERS.IN OUR FISCAL YEAR 2023/2024 (23/24) SEASON, WE HELD 1,394 PERFORMANCES AND EVENTS, SERVED BY 802 ANNUAL VOLUNTEERS DEDICATING OVER 63,811 SERVICE HOURS. WE EXTENDED OUR OUTREACH TO THE COMMUNITY IN PROVIDING 18,500 COMPLIMENTARY TICKETS.ARTS EDUCATION:TO US, ARTS EDUCATION IS NOT ABOUT MAKING NEW PROFESSIONAL ARTISTS. IT'S ABOUT GIVING YOUNG PEOPLE THE CHANCE TO DEVELOP COMPETENCIES THAT WILL HELP THEM SUCCEED IN SCHOOL, WORK, AND LIFE; TO GROW INTO GOOD CITIZENS AND GOOD NEIGHBORS; TO DREAM AND ACHIEVE BETTER FUTURES.THE PATEL CONSERVATORY CONTINUES TO FLOURISH WITH HIGH ENROLLMENT, GREAT ATTENDANCE AT OUR PROFESSIONALLY PRODUCED PRODUCTIONS AND WELCOMED STUDENTS FROM PRE-K TO GOLDEN AGE. CURRICULUM INCLUDES SEQUENTIAL INSTRUCTION IN MUSIC, DANCE AND THEATER, VOCAL ARTS, MUSICAL THEATER, PLAYWRITING, IMPROVISION AND STORYTELLING.PLACING ARTS EDUCATION WITHIN REACH OF ALL TAMPA BAY STUDENTS IS SOMETHING WE CAN'T DO WITHOUT COMMUNITY DONORS AND SUPPORT. THIS YEAR, WITH YOUR HELP, CONSERVATORY STUDENTS WERE SERVED IN ON-SITE CLASSES, CAMPS, INTENSIVES, AND WORKSHOPS IN OVER 168,825 INSTRUCTION HOURS. IN ADDITION, OVER 30,843 REGIONAL AND NATIONAL STUDENTS VISITED AND PARTICIPATED IN EVENTS OR CLASSES AT OUR CAMPUS.PERFORMANCE OPPORTUNITIES ARE AN IMPORTANT PART OF ARTS EDUCATION. PATEL CONSERVATORY STUDENTS STEPPED ONTO STRAZ CENTER STAGES TO SHOWCASE THEIR SKILLS IN 25 STUDENT PRODUCTIONS THROUGHOUT THE SCHOOL YEAR, GAINING VALUABLE EXPERIENCES THAT REFLECT PROFESSIONAL APPLICATIONS.SCHOLARSHIPS:SINCE OUR SCHOLARSHIP PROGRAM LAUNCHED IN 2007, MILLIONS OF DOLLARS HAVE BEEN AWARDED TO DESERVING STUDENTS WITH LIMITED RESOURCES - MANY THROUGH ENDOWED SCHOLARSHIP FUNDS ESTABLISHED THROUGH PLANNED ESTATE GIFTS. WE AWARDED 521 SCHOLARSHIPS TOTALING $422,391 TO HELP STUDENTS ACCESS THE TRAINING THEY DESIRE...ALL THANKS TO OUR DONORS.THE STRAZ CENTER ALSO LINKS STUDENTS TO OPPORTUNITIES TO STRETCH THEIR WINGS AND EARN SCHOLARSHIPS, BY HOSTING EVENTS LIKE YOUTH AMERICA GRAND PRIX INTERNATIONAL BALLET COMPETITION FINALS, FLORIDA THESPIANS FESTIVAL, AND REGIONAL BROADWAY STAR OF THE FUTURE AWARDS.ARTS EDUCATION PARTNERSHIP PROGRAM:WE ALSO DELIVERED PATEL CONSERVATORY DANCE, MUSIC AND THEATER CURRICULA AND OTHER ARTS LEARNING EXPERIENCES TO 1,614 TAMPA BAY STUDENTS IN 43 SCHOOLS AND NEIGHBORHOODS LACKING IN ARTS OFFERINGS THROUGH OUR ARTS EDUCATION PARTNERSHIPS PROGRAM. PATEL CONSERVATORY AND PARTNERSHIP STUDENTS ALSO PARTICIPATED IN MASTER CLASSES AND WORKSHOPS WITH PROFESSIONAL TOURING ARTISTS, INCLUDING COMPLEXIONS CONTEMPORARY BALLET; ATTENDED DRESS REHEARSALS OF OPERA TAMPA PRODUCTIONS; AND RECEIVED OPPORTUNITIES TO ATTEND SELECT STUDY-RELATED PERFORMANCES ON STRAZ CENTER STAGES.COMMUNITY ENGAGEMENT:INTEGRATED INTO ITS CAMPUS AND COMMUNITY WIDE OFFERINGS, STRAZ CENTER HAS A FIRM COMMITMENT TO COMMUNITY ENGAGEMENT. OUR AUDIENCE DEVELOPMENT INITIATIVES STEER OUR EFFORTS TOWARDS WELCOMING ALL IN MAKING A COMMUNITY IMPACT. THIS INCLUDES AN ADVISORY COMMITTEE, STAFF TRAINING AND VOICES OF THE COMMUNITY TOWN HALLS, ARTS LEGACY REMIX SERIES, FOCUS ON RELATED BOARD AND HR INITIATIVES TO EXTEND OUR REACH TO A WIDE REACH OF CANDIDATES FROM VARIOUS SOURCES. IN ADDITION, WE CONTINUE TO EVOLVE AND EXPAND OUR PROGRAM OFFERING OUR WELCOMING ALL FOOTPRINT AROUND THE CAMPUS INSIDE AND OUT. OUR OFFERINGS INCLUDE RELAXED SENSORY-FRIENDLY PERFORMANCES, ARTS EDUCATION FOR SPECIAL NEEDS STUDENTS, STRAZ OUTREACH FOR THE REMOTE AND IMMOBILE ASSISTED LISTENING DEVICES AND SIGNED PERFORMANCES, AMERICANS WITH DISABILITIES ACT (ADA) CELEBRATION, COURTESY WHEELCHAIRS, AND SPECIALIZED FACILITY TOURS. WE WELCOME ALL OUR GUESTS TO BRING FORWARD ANY SUGGESTIONS FOR FURTHER FOCUS FOR OUR GROWING WELCOMING ALL FOOTPRINT AROUND THE CAMPUS.IN 23/24 OUR PROGRAMS AND ARTISTS ON OUR STAGES INVITED EVERYONE TO ENJOY CULTURAL CONTRIBUTIONS. IN ADDITION, WE ALSO HOSTED OUR FREQUENT VOICES OF OUR COMMUNITY TOWN HALL EVENTS TO PROVIDE A WELCOMING SPACE FOR SHARING STORIES AND EXPERIENCES WITH TOPICS RANGING FROM BEHIND-THE-SCENES PROFESSIONS IN THE ARTS AND MUCH MORE, WITH THOUSANDS ATTENDING THESE EVENTS.WE CONTINUE OFFERING OUR ARTS AND HEALTH OFFERINGS OF LECTURE SERIES, ADULT CLASSES, AND PROGRAMS FOR VETERANS. OUR STRAZ SALUTES REPRESENTS OUR COMMITMENT TO VETERANS, FIRST RESPONDERS AND THEIR FAMILIES INCLUDING: TICKETS FOR VETERANS AND THEIR FAMILIES, OUTREACHES, MILITARY EVENT NIGHTS, STRAZ SALUTES ARTWORK ON THE RIVERWALK AND MILITARY RELATED PERFORMANCES ON OUR STAGES. THE TRANSFORMATIVE POWER OF THE ARTS AS A HEALING MODALITY IS TAPPED THROUGH COMPREHENSIVE PROGRAMMING FOR HOSPITALIZED AND ISOLATED MILITARY VETERANS TRANSITIONING TO COMMUNITY LIFE, AND THEIR CAREGIVERS AND FAMILIES. STRAZ SALUTES ARTMAKING, DISCUSSIONS, PROFESSIONAL AND STUDENT PERFORMANCES, AND PUBLIC EVENTS ALSO HELP CELEBRATE TAMPA BAY'S UNIQUE MILITARY COMMUNITY.- TICKET SUBSIDIES - OUR OPERATION TICKETS PROGRAM PROVIDES SUBSIDIZED TICKETS TO INDIVIDUALS, ORGANIZATIONS, AND SCHOOLS. STUDENTS FROM PARTICIPATING SCHOOLS, INCLUDING THE MAJORITY OF TITLE I SCHOOLS, USE THESE SCHOLARSHIPS TO ATTEND DIFFERENT STRAZ CENTER PERFORMANCES RELATED TO THEIR CLASSROOM STUDIES. THE RACHEL LISI ENDOWED TICKET SUBSIDY FUND ALSO PROVIDES PERFORMANCE TICKETS TO LOW-INCOME AND UNDERSERVED INDIVIDUALS AND FAMILIES. A TOTAL OF 18,500 SUBSIDIZED TICKETS WERE DISTRIBUTED IN FY 23/24. 169856 169856 IN FISCAL YEAR 2023/2024, THE FOUNDATION ALSO CARRIED OUT ITS MISSION IN SUPPORTING THE CENTER THROUGH A SPENDING POLICY DISTRIBUTION FROM ITS ENDOWMENT ASSETS AT THE COMMUNITY FOUNDATION TAMPA BAY. 3871125 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 FL X MARY BETH ROSSI CAFO (CENTER) 8132221044 1010 N WC MACINNES PL TAMPA FL 336023720 GREGORY HOLLAND CHIEF EXECUTIVE OFFICER 15.00 25.00 X X 0 612531 26681 AD SANDY MACKINNON CHAIRMAN 2.00 2.00 X X 0 0 0 TROY ATLAS TREASURER 1.00 1.00 X X 0 0 0 DON DEFOSSET DIRECTOR 1.00 0.00 X 0 0 0 GORDON GILLETTE DIRECTOR 1.00 0.00 X 0 0 0 HELEN KERR DIRECTOR 1.00 0.00 X 0 0 0 JACK KIRKLAND JR DIRECTOR 1.00 1.00 X 0 0 0 STANLEY LEVY DIRECTOR 1.00 1.00 X 0 0 0 JUDITH LISI DIRECTOR 1.00 0.00 X 0 0 0 FRANK MORSANI DIRECTOR 1.00 1.00 X 0 0 0 FRANK J 'SANDY' RIEF III DIRECTOR 1.00 0.00 X 0 0 0 GARY SASSO DIRECTOR 1.00 1.00 X 0 0 0 MARTIN SILBIGER DIRECTOR 1.00 1.00 X 0 0 0 KEEBLER J STRAZ DIRECTOR 1.00 1.00 X 0 0 0 BILL WEST DIRECTOR 2.00 2.00 X 0 0 0 MARY BETH ROSSI CHIEF ADMIN & FINANCIAL OFFICER 15.00 25.00 X 0 293781 49479 LORRIN SHEPARD THRU 7724 CHIEF OPERATING OFFICER 8.00 32.00 X 0 266553 33386 JULIE BRITTON CHIEF DEVELOPMENT OFFICER 15.00 25.00 X 0 206818 27644 MATTHEW WOLF AS OF 52724 CHIEF OPERATING OFFICER 8.00 32.00 X 0 0 0 CHRISTOPHER HARRELL DIRECTOR MAJOR & PLANNED GIVING 40.00 0.00 X 0 116498 23587 0 1496181 160777 0 0 1 0 TAMPA BAY PERFORMING ARTS CENTER INC 1010 N WC MACINNES PL TAMPA FL 33602 ADMINISTRATIVE SERVICES 409654 MERRILL LYNCH 101 E KENNEDY BLVD TAMPA FL 33602 INVESTMENT MANAGEMENT SERVICES 216554 2 720000 10289077 100126 11009077 1923493 1923493 34863459 30839623 4023836 4023836 4023836 16956406 0 0 5947329 3871125 3871125 103828 103828 8493 8493 8662 8662 9433 9433 16983 10364 6619 16656 16656 216954 216954 471418 363350 108068 17575 5975 11600 3336 3336 263 263 4314 4314 RESEARCH EXPENSE 6640 6640 4755680 3871125 616635 267920 2334 1797 4922504 23075165 10388779 14112467 4198 5207 44324887 38035459 831284 934768 60473986 76164863 35543 50834 589011 871551 624554 922385 X 17906601 18864387 41942831 56378091 59849432 75242478 60473986 76164863 X 12200726 3923861 -731541 X X 0 1 X 1 0 X X 1 TAMPA BAY PERFORMING ARTS CENTER INC 592037085 7 1 4755680 0 1 4755680 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: SIXTY-SEVEN (67) PERCENT OF THE BOARD DIRECTORS OF TAMPA BAY PERFORMING ARTS CENTER FOUNDATION, INC. (THE "FOUNDATION") ARE TRUSTEES OF THE TAMPA BAY PERFORMING ARTS CENTER, INC. DBA DAVID A. STRAZ JR. CENTER FOR THE PERFORMING ARTS (THE "CENTER"). THE CONTROL AND MANAGEMENT BY THESE DIRECTORS IS VESTED AS TRUSTEES OF THE CENTER, GIVEN THEY ATTEND THE RESPECTIVE BOARD MEETINGS ON EACH ENTITY AND HAVE VOTING RIGHTS. IN ADDITION, THE PRESIDENT AND CEO OF CENTER IS ALSO A BOARD DIRECTOR OF THE FOUNDATION, AND THE TREASURER OF THE CENTER SITS ON THE FOUNDATION BOARD. CONVERSELY, THE TREASURER OF THE FOUNDATION SITS ON THE CENTER BOARD. ACCORDINGLY, FROM BOTH CENTER AND FOUNDATION BOARD GOVERNANCE OVERSIGHT, AN ADEQUATE LEVEL OF VESTING AND SUPPORT IS OBTAINED BY BOTH BOARDS FOR ANY FUNDING REQUESTS THAT THE CENTER MAY HAVE. THIS IS CONSIDERED ADEQUATE GIVEN THE ONLY MISSION OF THE FOUNDATION IS TO SUPPORT THE CENTER. FOR THE CURRENT TAX YEAR, THE CENTER'S FUNDING REQUIREMENTS FROM THE FOUNDATION BOARD CONSIST OF (A) ANNUAL ADMINISTRATIVE SERVICE FEES FOR ADMINISTRATIVE SUPPORT PROVIDED BY THE CENTER TO THE FOUNDATION THROUGH AN ARM'S LENGTH SERVICE AGREEMENT AND (B) ANNUAL SPENDING POLICY DISTRIBUTION (2-5%) OF UNRESTRICTED ENDOWMENT PORTFOLIO INVESTED EARNINGS). IF THERE ARE ANY ONE-TIME REQUESTS FROM THE CENTER TO THE FOUNDATION FOR SPECIAL FUNDING NEEDS, THE REQUEST IS DISCUSSED WITH THE CENTER'S BOARD FINANCE AND EXECUTIVE COMMITTEES AND THEN BROUGHT FORWARD TO THE TREASURER AND FOUNDATION BOARD FOR CONSIDERATION AND APPROVAL. IN ADDITION, NOTE THE FOUNDATION'S INVESTMENT COMMITTEE, THE ONLY STANDING BOARD COMMITTEE OF THE FOUNDATION, IS COMPRISED OF BOTH BOARD TRUSTEES OF THE CENTER AND BOARD DIRECTORS OF THE FOUNDATION. THIS COMMITTEE OVERSEES BOTH THE CENTER AND FOUNDATION'S ENDOWMENT PORTFOLIOS, WITH THE PUBLIC ENDOWMENT GRANT MATCH FUNDS RESIDING IN THE CENTER'S PORTFOLIO. THEREFORE, THE INVESTMENT COMMITTEE IS COMPRISED OF A TOTAL OF SEVEN (7) BOARD MEMBERS, COMING FROM BOTH BOARDS, COMPRISED OF THREE (3) FOUNDATION BOARD DIRECTORS AND FOUR (4) CENTER BOARD TRUSTEES. THE CHAIR OF THIS COMMITTEE IS ALSO THE TREASURER OF THE FOUNDATION BOARD AND A CENTER TRUSTEE. THE PRESIDENT OF THE CENTER WHO SERVES AS A BOARD DIRECTOR OF THE FOUNDATION, ALSO SERVES ON THIS COMMITTEE. ONE OF THE CENTER BOARD TRUSTEES THAT SERVES ON THIS COMMITTEE IS ALSO ON THE CENTER'S FINANCE COMMITTEE. WITH THE ABOVE INDICATED INTERACTION OF BOARD MEMBERS ACROSS BOTH BOARDS, THE VESTED AND COMMITTED INTEREST OF BOTH ENTITIES FUNDING AND MISSION IS CONSIDERED EVIDENT AND PRACTICED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24987203 818926 7863097 5081897 28587329 23976995 338814 4195941 3524547 24987203 31828075 69939 -6647510 1273509 23976995 21738458 9080310 5942102 4932795 31828075 21902593 68715 2431511 2664361 21738458 0.00000 0.90579 0.09421 1 0 0 DUE TO TAMPA BAY PERFORMING ARTS CENTER, INC. 871551 871551 X PART V, LINE 4: TAMPA BAY PERFORMING ARTS CENTER FOUNDATION, INC. (THE "FOUNDATION") IS BENEFICIARY OF THE RELATED FUNDS AT THE COMMUNITY FOUNDATION TAMPA BAY AND IS ENTITLED TO ALLOCATED DISTRIBUTIONS OF NET EARNINGS. PERMANENT ENDOWMENT FUNDS HELD IN TRUST BY COMMUNITY FOUNDATION TAMPA BAY FOR THE BENEFIT OF THE FOUNDATION CONSIST OF DISTRIBUTION AND USAGE OF INVESTMENT EARNINGS FOR BOTH UNRESTRICTED AND RESTRICTED DONOR DESIGNATED PURPOSES. THE USAGE OF THE UNRESTRICTED EARNINGS ALLOWS THE FOUNDATION THE FLEXIBILITY TO USE THE INVESTMENT INCOME RETURN AS BEST SERVES THE ORGANIZATION'S IMMEDIATE CHALLENGES AND FUNDING REQUIREMENTS AS APPROVED BY THE BOARD. INTERNAL GUIDELINES FOR UNRESTRICTED EARNINGS ALLOW USAGE FOR OPERATING EXPENSES FOR ADMINISTRATIVE AND PROGRAMMING ACTIVITIES AS WELL AS SPECIAL PROJECTS. THE RESTRICTED DONOR DESIGNATIONS ON USAGE OF INVESTMENT EARNINGS ARE RELATED TO VARIOUS PROGRAMMING DESIGNATIONS. ENDOWMENT PROGRAM ALSO ALLOWS TAMPA BAY PERFORMING ARTS CENTER, INC. TO EXPAND ITS EDUCATIONAL PROGRAMMING AND INCREASE ITS IMPACT ON THE COMMUNITY. THE PERCENTAGE REPORTED FOR TEMPORARILY RESTRICTED ENDOWMENTS INCLUDES ACCUMULATED EARNINGS ON AMOUNTS THAT THAT MUST BE MAINTAINED IN PERPETUITY THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE STRAZ CENTER AND THE FOUNDATION ARE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THE STRAZ CENTER AND THE FOUNDATION CONTINUE TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AS OF SEPTEMBER 30, 2024. MANAGEMENT BELIEVES THE UNRELATED BUSINESS INCOME GENERATED BY THE STRAZ CENTER IS NOT MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 TAMPA BAY PERFORMING ARTS CENTER INC 1010 N WC MACINNES PL TAMPA FL 33602 592037085 501(C)(3) 1904864 0 N/A N/A DONOR DESIGNATED PROGRAMS, GENERAL PROGRAMMING, AND CAPITAL PROJECT SUPPORT TAMPA BAY PERFORMING ARTS CENTER INC 1010 N WC MACINNES PL TAMPA FL 33602 592037085 501(C)(3) 1966261 0 N/A N/A MASTER PLAN EXPENDITURE REIMBURSEMENT USING BOUNDLESS CAMPAIGN COLLECTIONS 1 0 PART I, LINE 2: THE TAMPA BAY PERFORMING ARTS CENTER, INC. (CENTER), THE SUPPORTED ORGANIZATION OF THE FOUNDATION, IS THE SOLE GRANTEE. FUNDING IS APPROVED BY THE FOUNDATION BOARD OF DIRECTORS AND IS PROVIDED IN ACCORDANCE WITH THE FOUNDATION'S SPENDING POLICY, AS APPLICABLE, AS WELL AS PER DONOR RESTRICTED DESIGNATIONS ON RESPECTIVE ENDOWMENT EARNINGS. THE FUNDS ARE TO BE USED IN CONJUNCTION WITH THE MISSION OF THE CENTER AND/OR AS DESIGNATED BY RESPECTIVE DONORS. THE BOARD TRACKS THE SPENDING POLICY DISTRIBUTIONS MADE TO THE CENTER AGAINST THE RESPECTIVE PROGRAM SPENDING EACH YEAR. THE BOARD ALSO TRACKS THE RESPECTIVE DONOR DESIGNATED SPENDING POLICY DISTRIBUTIONS AGAINST THE RESPECTIVE DESIGNATED PROGRAMS. 0 0 0 0 0 0 0 0 0 GREGORY HOLLAND CHIEF EXECUTIVE OFFICER 0 492015 0 120000 0 516 0 0 0 26681 0 639212 0 0 MARY BETH ROSSI CHIEF ADMIN & FINANCIAL OFFICER 0 268265 0 25000 0 516 0 22446 0 27033 0 343260 0 0 LORRIN SHEPARD THRU 7724 CHIEF OPERATING OFFICER 0 240829 0 25000 0 724 0 19900 0 13486 0 299939 0 0 JULIE BRITTON CHIEF DEVELOPMENT OFFICER 0 181037 0 25000 0 781 0 14828 0 12816 0 234462 0 0 PART I, LINE 3 THE FOUNDATION'S CEO IS COMPENSATED BY TAMPA BAY PERFORMING ARTS CENTER, INC. (CENTER), A RELATED NON-PROFIT ORGANIZATION (SEE SCHEDULE R). THE CENTER USES THE FOLLOWING IN ESTABLISHING COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE X 2 100126 STOCK QUOTE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT ON LINE 9, COLUMN (B) REPRESENTS TOTAL NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION: THE FOUNDATION IS ORGANIZED AS A SUPPORTING ORGANIZATION EXCLUSIVELY FOR, AND IS DEDICATED TO, THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, THE TAMPA BAY PERFORMING ARTS CENTER, INC. DBA DAVID A. STRAZ JR CENTER FOR THE PERFORMING ARTS (THE "CENTER OR "STRAZ CENTER"), A 501(C)(3) ORGANIZATION TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170 OF THE INTERNAL REVENUE CODE OF 1986, AS SUCH CODE IS AMENDED FROM TIME TO TIME. THE FOUNDATION SHALL INVEST ITS FUNDS AND SERVE AS AN ENDOWMENT FUND FOR THE SUPPORTED ORGANIZATION, NAMELY THE TAMPA BAY PERFORMING ARTS CENTER, INC. THE FOUNDATION SHALL ENCOURAGE AND MOTIVATE THE MAKING OF GIFTS, DONATIONS, AND BENEFACTIONS BY INTERVIVOS GIFT, DEED WILL AND OTHERWISE, FOR THE ADVANCEMENT, OR PROMOTION, OF PROGRAMS OR AND MAINTENANCE OF, THE ACTIVITIES, OPERATIONS AND CAPITAL PROJECTS OF THE TAMPA BAY PERFORMING ARTS CENTER, INC. THIS ORGANIZATION SHALL CONDUCT CORPORATE AND PUBLIC FUNDRAISING ACTIVITIES ON BEHALF OF THE CENTER AND IN SUPPORT OF THE ACTIVITIES, OPERATIONS, AND CAPITAL PROJECTS OF THE CENTER. THE FOUNDATION SHALL DISTRIBUTE ITS NET INCOME AT LEAST ANNUALLY TO THE CENTER. THE FOUNDATION MAY DISTRIBUTE ANY UNRESTRICTED AND QUASI ENDOWMENT FUNDS AS APPROVED BY THE TAMPA BAY PERFORMING ARTS CENTER, INC., AND THE TAMPA BAY PERFORMING ARTS CENTER FOUNDATION, INC. FORM 990, PART III, LINE 4B THE STRAZ CENTER AND COMMUNITIES OF ARTS PATRONS AND DONORS WILL FORGE AHEAD WITH US INTO THE GREATER EVOLUTION OF OUR ROLES AS AN ECONOMIC FORCE, AN INTERNATIONAL TOURIST DESTINATION, A BASTION OF WORLD CLASS ARTS AND A COMMUNITY PARTNER OF UNWAVERING DEDICATION TO FULFILL OUR MISSION. IF WE HAVE LEARNED ANYTHING UNEQUIVOCALLY OVER THE PAST 38 YEARS OF THE STRAZ CENTER HISTORY, IT'S THAT THE ARTS CHANGE LIVES. WITH COMMUNITY SUPPORT, STRAZ CENTER SERVES TO ENHANCE THE ECONOMIC VITALITY OF OUR REGION, THE SAFETY OF OUR CHILDREN AND COMMUNITIES AND THE BEAUTY OF THE HUMAN SPIRIT BY MAKING THE ARTS AVAILABLE AND ACCESSIBLE. IN THE COMING YEARS, THE STRAZ CENTER HAS EXCITING PLANS TO RENOVATE AND UPGRADE THE FACILITIES THROUGH OUR STRATEGIC MASTER PLAN WHILE CONTINUING TO ATTRACT SPECTACULAR ARTISTS AS WELL AS INNOVATIVE NEW SHOWS AND PERFORMANCES. THE STRAZ CENTER IS EXCITED TO REPORT TO ITS COMMUNITY PARTNERS, AS IT LOOKS FORWARD, CELEBRATING ITS RICH HISTORY AND EMBRACING, WITH GREAT ENTHUSIASM, THE PRESENT MOMENTUM THAT DETERMINES ITS FUTURE. CAPITAL IMPROVEMENTS: OUR MASTER PLAN - A PLAN FOR THE FUTURE - OUR FUTURE IS BOUNDLESS: AFTER THREE DECADES OF SUCCESS, THE STRAZ CENTER IS A PLACE YOU KNOW. IT'S THE SETTING FOR SYMPHONY AND THE REGION'S BROADWAY STAGE. IT IS WHERE YOU DRESS UP FOR THE OPERA OR DISCOVER A GREAT LOCAL BAND. IT'S THE PLACE TO GO FOR WORLD-CLASS ENTERTAINMENT OR EXCEPTIONAL EDUCATION IN DANCE, THEATER, AND MUSIC. AS WE LOOK TO THE FUTURE, WE WANT TO CREATE A NEW STRAZ CENTER THAT IS A TICKET OR NO-TICKET GATHERING PLACE ON THE RIVERWALK. A WELCOMING AND BEAUTIFUL NEW SPACE FOR MEETING, DINING, SEEING, AND BEING. WE WILL BE BLOWING OUT THE WALLS, TAKING YOU TO THE RIVER, SHOWING OFF THE CITY ALL WHILE SENDING AN INVITATION TO THE CITY, AND THE WORLD TO ENJOY OUR EXPANDED RANGE OF PERFORMANCES AND EXPERIENCES. THE FOUNDATION IS FUNDRAISING FOR THIS PLAN THROUGH OUR BOUNDLESS CAMPAIGN WHICH INCLUDES TWO GOALS: (1) TO TRANSFORM OUR PHYSICAL SPACES THROUGH A MASTER PLAN THAT MAKES THE STRAZ AN EVEN MORE VIBRANT STAGE FOR WORLD-CLASS ARTS AND EDUCATIONS; AND (2) TO STRENGTHEN OUR FINANCIAL FOUNDATION BY GROWING OUR ENDOWMENT. THANK YOU TO ALL OUR COMMUNITY DONORS AND SUPPORTERS FOR CONTRIBUTING TO SUPPORT OUR STRAZ CENTER AND SETTING A PLATFORM FOR US TO BUILD A BIGGER, BRIGHTER, MORE ACCESSIBLE FUTURE. YOUR COMMITMENT TO OUR MISSION ALLOWS US TO BRING ARTS EDUCATION AND ENJOYMENT TO THE TAMPA BAY AREA. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS BILL WEST, SANDY MACKINNON, AND STANLEY LEVY HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FORM 990 IS FILED, IT IS REVIEWED BY THE FOUNDATION'S TREASURER AND CAFO. THE TREASURER AND CAFO WILL THEN PRESENT THE FORM TO THE AUDIT COMMITTEE AT A SPECIAL DEDICATED MEETING WITH A HIGHLIGHTED REVIEW OF THE FORM SECTION BY SECTION BEING DONE BY THE CONTROLLER, CAFO AND CEO, AS APPLICABLE. AFTER THE TREASURER AND AUDIT COMMITTEE HAVE REVIEWED THE FORM, THE CAFO WILL PROVIDE: (1) A SUMMARY OF THE HIGHLIGHTED REVIEW OF THE FORM 990 SECTION BY SECTION ALONG WITH (2) A FINAL DRAFT OF THE RESPECTIVE FORM 990 FOR THE YEAR BEING FILED TO ALL BOARD MEMBERS WHO HAVE VOTING PRIVILEGES AND (3) A RECOMMENDATION FOR MOTION FOR APPROVAL FOR THE FORM 990 TO BE FILED AS BEING PRESENTED IN FINAL DRAFT FORM. THIS WILL BE DONE VIA A PROTECTED BOARD PORTAL WEBSITE FOR WHICH PASSWORDS WILL BE GIVEN FOR PROTECTED ACCESS. BOARD MEMBERS WILL HAVE THE OPPORTUNITY TO SEND QUESTIONS AND/OR THEIR RESPECTIVE APPROVALS. THE TREASURER, CAFO AND AUDIT COMMITTEE WILL ACCEPT AND RESPOND TO ANY QUESTIONS RAISED BY BOARD MEMBERS. AS PART OF THE SUBMITTED FORM 990 PRESENTATION TO THE BOARD, THE AUDIT AND FINANCE COMMITTEES WILL ALSO, BASED ON THEIR REVIEW OF THE FORM, MAKE NECESSARY RECOMMENDATIONS TO THE BOARD REGARDING GOVERNANCE, POLICIES, DISCLOSURE, ETC. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EXECUTIVE STAFF (CEO, CAFO, COO, CDO) ARE REQUIRED, ON AN ANNUAL BASIS TO: (1) READ THE CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY, (2) SIGN OFF ON ACKNOWLEDGMENT THAT POLICY HAS BEEN READ AND RECEIVED AND (3) COMPLETE A CONFLICT-OF-INTEREST DISCLOSURE FORM. THE CAFO REVIEWS THE COMPLETED ANNUAL CONFLICT OF INTEREST DISCLOSURE FORMS. ANY CONCERNS ARE RAISED TO THE CEO, CHIEF DEVELOPMENT OFFICER (STAFF LIAISON TO THE CENTER BOARD GOVERNANCE COMMITTEE) AND THE CENTER BOARD GOVERNANCE COMMITTEE AS APPLICABLE. IF ANY BOARD MEMBER OR EXECUTIVE STAFF MEMBER DOES NOT COMPLETE THE RELATED ANNUAL FORMS, THE CHIEF DEVELOPMENT OFFICER WILL ADDRESS ACCORDINGLY. IF A CONFLICT EXISTS, THE BOARD OR KEY EXECUTIVE STAFF MEMBER IS REQUIRED TO DISCLOSE THE CONFLICT, REMOVE HIMSELF OR HERSELF FROM VOTING ON THE PARTICULAR MATTER, DECLINE PARTICIPATION IN A CONFLICTING BID FOR RELATED BUSINESS, OR NOT APPLY FOR EMPLOYMENT AS A STAFF POSITION. ANY CONFLICTS WITH THE CAFO, NEEDS TO BE ADDRESSED TO CEO, TREASURER OF THE FOUNDATION, AND TREASURER OF THE STRAZ CENTER AND THE AUDIT COMMITTEE CHAIR. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS ONE (1) FULL-TIME EMPLOYEE WHO IS PAID BY THE TAMPA BAY PERFORMING ARTS CENTER, INC. DBA DAVID A. STRAZ JR CENTER FOR THE PERFORMING ARTS (CENTER), A RELATED NON-PROFIT ORGANIZATION (SEE SCHEDULE R). THE EXPENSE IS CHARGED BACK TO THE FOUNDATION THROUGH INTERCOMPANY CHARGE AND IS REPORTED ON FORM 990, PART IX, LINES 7 THROUGH 10. OTHER KEY PERSONNEL IN SUPPORT OF THE FOUNDATION ARE CENTER EMPLOYEES AND ARE SUBJECT TO COMPENSATION, CLASSIFICATION, AND ALL OTHER PERSONNEL POLICIES OF THE CENTER. THE CENTER PERIODICALLY REVIEWS ITS CLASSIFICATION AND COMPENSATION STRUCTURE TO ENSURE REASONABLENESS. SINCE THE FOUNDATION DOES NOT SET COMPENSATION DIRECTLY, QUESTIONS 15A AND 15B HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM INSTRUCTIONS. THE PROCESS THE CENTER USES TO ESTABLISH COMPENSATION IS DESCRIBED BELOW. THE CHAIRMAN OF THE BOARD IN WORKING WITH THE HUMAN RESOURCES COMMITTEE (THE "COMMITTEE") HAS AUTHORITY TO NEGOTIATE THE CEO COMPENSATION WITH APPROVAL BY THE EXECUTIVE COMMITTEE AND RATIFICATION BY THE BOARD OF TRUSTEES. THE COMPENSATION OF THE CEO'S DIRECT REPORTS IS ESTABLISHED BY THE CEO AND REVIEWED WITH THE COMMITTEE ON BEHALF OF THE BOARD OF TRUSTEES. THE COMMITTEE MAY ENGAGE AN INDEPENDENT CONSULTING FIRM, WHO WILL WORK FOR THE COMMITTEE TO EVALUATE THE ORGANIZATION'S EXECUTIVE COMPENSATION PROGRAM AGAINST THE COMPETITIVE MARKET ON AN ANNUAL OR AS NEEDED BASIS. IN ADDITION, UTILIZATION OF ONLINE COMPENSATION MARKET TOOLS AND STUDIES ARE USED FOR ANALYSIS AND EVALUATION. THE EVALUATION IS INTENDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. FOLLOWING THIS REVIEW, THE COMMITTEE REVIEWS AND APPROVES, FOR SELECTED KEY EXECUTIVES, BASE SALARIES AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FOR THE UPCOMING YEAR'S ANNUAL INCENTIVE PLAN FOR SELECTED KEY EXECUTIVES. FOR CEO COMPENSATION, THE COMMITTEE MEETS INDEPENDENT OF THE CEO TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION DESCRIPTION AS PER TBPAC'S CEO JOB PERFORMANCE AND EVALUATION MODEL. DURING THESE DELIBERATIONS, THE COMMITTEE MAY CONSIDER INPUT FROM OTHER BOARD MEMBERS, STAFF, PROFESSIONAL ADVISORS, GRANT-RECIPIENTS, AND OTHER INFORMED COMMUNITY LEADERS. ONCE A CONSENSUS IS REACHED REGARDING PERFORMANCE, A SIMILAR DISCUSSION IS HELD CONCERNING COMPENSATION RELATIVE TO ANNUAL BENCHMARKS AND ESTABLISHED OBJECTIVES. THE COMMITTEE PRESENTS ITS FINDINGS AND RECOMMENDATION, IN AN EXECUTIVE SESSION WITHOUT THE CEO PRESENT. THE COMMITTEE CHAIR AND/OR BOARD CHAIR (A MEMBER OF THE COMMITTEE) THEN MEETS WITH THE CEO, ANNUALLY, TO DISCUSS AND DOCUMENT BUSINESS STRENGTHS, OPPORTUNITIES, AND GOALS FOR THE UPCOMING YEAR. COMPENSATION FOR THE UPCOMING YEAR IS ALSO DISCUSSED AND DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE CENTER'S CONSOLIDATED FINANCIAL STATEMENTS, WHICH INCLUDE THE FOUNDATION, ARE AVAILABLE UPON REQUEST AND ON THE CENTER'S WEBSITE AT WWW.STRAZCENTER.ORG/ABOUT-US/FINANCIALS/ FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST 103,484. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -5,039. CHANGE IN VALUE OF PLEDGES RECEIVABLE -193,480. CHANGE IN NET PRESENT VALUE ALLOWANCE -636,506. FORM 990, PART XII, LINE 2C: THE FOUNDATION IS INCLUDED IN THE CONSOLIDATED AUDIT OF TAMPA BAY PERFORMING ARTS CENTER, INC. (CENTER). THE CENTER'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR SELECTION OF THE INDEPENDENT CPA AND OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. THE AUDIT COMMITTEE CHAIR WORKS WITH THE MANAGEMENT TEAM TO IDENTIFY POTENTIAL FIRMS. THE AUDIT CHAIR, CAFO, AND FINANCE DIRECTORS INTERVIEW THE NOMINEE CPA FIRMS AND RECOMMENDS A FIRM TO THE AUDIT COMMITTEE FOR APPROVAL. THE AUDIT COMMITTEE MOTIONS FOR APPROVAL AND ADVISES THE EXECUTIVE COMMITTEE OF THE BOARD. THE AUDIT COMMITTEE HOLDS QUARTERLY EXECUTIVE SESSIONS WITH THE AUDITORS AND REVIEWS THE ANNUAL AUDIT PLAN, AUDITED FINANCIAL STATEMENTS, AND MANAGEMENT COMMUNICATIONS WITH THE EXTERNAL AUDITORS. TAMPA BAY PERFORMING ARTS CENTER INC 1010 N WC MACINNES PL TAMPA FL 33602 592037085 PERFORMING ARTS FL 501(C)(3) LINE 7 N/A 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0