2021-06-24T14:59:07-05:00 2020-09-30 560574444 CHERRY BEKAERT LLP 401 EAST JACKSON ST SUITE 1200 TAMPA FL 33602 990 2019-10-01 593524613 TAMPA BAY PERFORMING ARTS CENTER FOUNDATION INC TAMP 8132221044 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 MARY BETH ROSSI CAFO (CENTER) 8132221044 2021-06-21 1 AMANDA ADAMS P00748038 8132511010 2019 2022-09-23 18:48:47Z JUDITH LISI 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 37174663 0 X N/A X 1997 FL SEE SCHEDULE O. 14 13 0 13 0 0 1049814 6339111 0 0 1787664 4339441 0 8467816 2837478 19146368 1599244 3095769 0 0 0 0 0 0 169915 846984 775134 2446228 3870903 391250 15275465 40187736 54379515 871989 1528592 39315747 52850923 X SEE SCHEDULE O 0 0 1687570 1687570 IN FISCAL YEAR 2019/2020, THE TBPAC FOUNDATION, INC. CARRIED OUT ITS MISSION IN SUPPORTING THE TAMPA BAY PERFORMING ARTS CENTER, INC. (THE "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.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. 1000000 1000000 IN FISCAL YEAR 2019/2020, THE TBPAC FOUNDATION, INC. ALSO CARRIED OUT ITS MISSION IN SUPPORTING THE CENTER THROUGH A SPECIAL $1,000,000 DISBURSEMENT OF BOARD DESIGNATED FUNDS PLEDGED BY A DONOR, FOR THE PURPOSES OF BASE OPERATIONAL NEEDS DURING THE COVID-19 PANDEMIC PERIOD. 408199 408199 THE TBPAC FOUNDATION, INC. LAUNCHED ITS "BOUNDLESS CAPITAL CAMPAIGN" TOWARDS THE END OF ITS FISCAL YEAR 2018/2019 IN CONTINUING ITS MISSION TO SUPPORT THE CENTER AS IT CONTINUES TO GROW IN THE TAMPA BAY REGION. THIS CAMPAIGN IS FOR A MASTER PLAN CONSTRUCTION PROJECT AND TO RAISE FURTHER ENDOWMENT SUPPORT. THE MASTER PLAN COMMENCED ITS DESIGN PHASE IN 19/20, FOR WHICH EXPENDITURES OF $408,199 WERE INCURRED. WITH THE FOUNDATION COLLECTING THE CAMPAIGN PLEDGES AND THE CENTER MAKING THE EXPENDITURES FOR THE MASTER PLAN, THE FOUNDATION MADE THE REQUIRED REIMBURSEMENT DISTRIBUTION TO THE CENTER FOR THESE EXPENDITURES. THE CAPITAL CAMPAIGN IS BEING RELAUNCHED IN FISCAL YEAR 20/21 AFTER RECOVERY FROM THE COVID-19 PANDEMIC. ACCORDINGLY, THE MASTER PLAN IS ANTICIPATED TO CONTINUE THROUGH FISCAL YEAR 23/24 AS OF THIS WRITING.WITH THE FOUNDATION SERVING AS THE ENDOWMENT FUND AND SUPPORT FOR THE CENTER, THE FOUNDATION PROVIDED THE CENTER FINANCIAL STABILITY IN FISCAL YEAR 2019/2020 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.TBPAC FOUNDATION, INC. ENDOWMENT BY THE NUMBERS:$65.8 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 2019/2020, $1.5 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. 23 NAMED 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 YEAR HAS TESTED US LIKE NONE OTHER WITH THE COVID-19 PANDEMIC! THANKS TO YOUR SUPPORT WE WERE ABLE TO MAINTAIN OUR MISSION AND PLAY A VITAL ROLE IN OUR COMMUNITY'S RECOVERY.ARTS EDUCATION - ARTS EDUCATION ISN'T ABOUT TURNING STUDENTS INTO PROFESSIONAL ARTISTS; IT IS ABOUT RAISING CULTURAL LITERACY AND EMPOWERING YOUNG PEOPLE WITH CREATIVITY AND LEADERSHIP SKILLS. OUR ARTS EDUCATION PROGRAMS ENGAGE MORE THAN 50,000 PEOPLE EACH YEAR. THE PATEL CONSERVATORY IS FULLY ACCREDITED AND WELCOMES STUDENTS OF ALL AGES TO PURSUE YEAR-ROUND TRAINING IN DANCE, MUSIC, AND THEATER. IN ADDITION, WE HAVE CONTINUED OUR MISSION OF BRINGING ARTS EDUCATION TO SPECIAL NEEDS STUDENTS THROUGH SENSORY-FRIENDLY STUDENT PRODUCTIONS, ADAPTIVE DANCE CLASSES, AND ARTS LEARNING EXPERIENCES DESIGNED TO HELP THESE CHILDREN DISCOVER THEIR VOICES.DESPITE THE PANDEMIC, THE STRAZ CENTER CONTINUES ITS COMMITMENT TO ARTS EDUCATION BOTH ONSITE, THROUGH SAFELY EXECUTED CLASSES AND OFFSITE, THROUGH OUR VIRTUAL PARTNERSHIP PROGRAM AND ONLINE CONTENT. THE PATEL CONSERVATORY IS FULLY ACCREDITED AND WELCOMES STUDENTS OF ALL AGES TO PURSUE YEARROUND TRAINING IN DANCE, MUSIC AND THEATER. OUR STAFF HAS WORKED EFFORTLESSLY TO DELIVER ON THIS MISSION THROUGHOUT THE PAST YEAR. OUTREACH - IN 2019, THE STRAZ CENTER WAS ABLE TO STILL SERVE PARTNERING SCHOOLS THROUGH OUR COMMUNITY PARTNERSHIP PROGRAM. MORE THAN 5,000 STUDENTS AT 42 ARTS EDUCATION PARTNER SCHOOLS AND AGENCIES CONTINUE TO CONNECT WITH A GROWING LIBRARY OF ONLINE CONTENT. FOR INSTANCE, THE STRAZ ARTS EDUCATION PARTNER FACEBOOK GROUP IS A COMMUNITY WHERE PARTNERING SCHOOLS IN FOUR COUNTIES CAN ACCESS VALUABLE ARTS LEARNING ARCHIVES, VIDEOS, AND LESSONS FROM OUR PATEL CONSERVATORY. SINCE MARCH, ENGAGEMENT WITH OUR FACEBOOK ARTS EDUCATION PAGE INCLUDES 265,000 IMPRESSIONS, 16,500 ENGAGEMENTS AND 24,500 TOTAL VIDEO VIEWS. THE PAST SEVEN MONTHS ALSO SHOW A 30% INCREASE OF STUDENTS REACHING OUT FOR ARTS EDUCATION VIA INSTAGRAM, WITH 76,300 IMPRESSIONS AND 6,400 ENGAGEMENTS.ARTISTIC EXCELLENCE ONSITE INPLACE FEDERALLY APPROVED SAFETY PROTOCOLS AND LESSONS LEARNED FROM VIRTUALSHOW PREP WORK PROVED TO BE A CREATIVE SPRINGBOARD TO OUR EARLY STEPS BACK INTO LIVE, SOCIALLY DISTANCED THEATER. BY FALL OF 2020, JOBSITE'S THE COMPLETE WORKS OF WILLIAM SHAKESPEARE (ABRIDGED) [REVISED], OPERA TAMPA'S THE WITCHING HOUR ON OUR RIVERWALK STAGE, THE CAMPUSWIDE NUTCRACKER OUTDOOR WONDERLAND AND ALWAYS ... PATSY CLINE IN THE JAEB, REAFFIRMED OUR PROMISE TO INSPIRE, EDUCATE, ENRICH AND ULTIMATELY PLAY A ROLE IN OUR COMMUNITY'S RECOVERYSCHOLARSHIPS - SCHOLARSHIPS ENSURE THAT THE PATEL CONSERVATORY CURRICULUM IN DANCE, MUSIC AND THEATER IS ACCESSIBLE TO ALL. MORE THAN $150,000 IN NEEDBASED AND MERIT SCHOLARSHIPS WERE AWARDED TO HELP 225 STUDENTS OVERCOME ECONOMIC BARRIERS TO TRAINING AND PURSUE THEIR AREA OF INTEREST. 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 BY PLANNED ESTATE GIFTS. THE PROGRAM HAS HELPED PRODUCE OVER 30 DISTINGUISHED ALUMNI WHO ARE PURSUING PERFORMING ARTS CAREERS IN THE UNITED STATES AND ACROSS THE WORLD.TWO PROMINENT COMMUNITY ENGAGEMENT INITIATIVES HELPED US CONTINUE TO CREATE IMPACT THROUGHOUT THE COMMUNITY: OUR ARTS LEGACY REMIX AND STRAZ SALUTES. BOTH PROGRAMS EMERGED FROM OUR COMMITMENT TO THE COMMUNITY AND WE ARE PLEASED TO REPORT THAT ARTS LEGACY REMIX ATTRACTED HUNDREDS OF PEOPLE TO OUR FREE COMMUNITY CULTURAL CELEBRATIONS. STRAZ SALUTES A COMPREHENSIVE EFFORT TO MAKE VETERANS, ACTIVE MILITARY AND THEIR FAMILIES WELCOME HERE THROUGH PERFORMANCES, PROGRAMS AND ARTIST OPPORTUNITIES RESULTED IN STRONGER, MORE AUTHENTIC BONDS WITH OUR MILITARY COMMUNITY.TICKET SUBSIDIES - OUR OPERATION TICKETS PROGRAM PROVIDES SUBSIDIZED TICKETS TO INDIVIDUALS, ORGANIZATIONS AND SCHOOLS. STUDENTS FROM PARTICIPATING SCHOOLS, INCLUDING A 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.DESPITE THE UNPRECEDENTED CHALLENGES WE HAVE ALL FACED IN THE PAST YEAR, WE ARE DOING GREAT THINGS WITH DONOR ENDOWMENT CONTRIBUONS AT THE STRAZ CENTER. WE COULD NOT HAVE DONE ANY OF THIS WITHOUT THE SECURITY THE ENDOWMENT PROVIDES. NOW, MORE THAN EVER, WE ARE GRATEFUL THAT ALL OF OUR DONORS HAD THE FORESIGHT TO CREATE ENDOWED FUNDS, LEAVE AN ESTATE GIFT, NAME THE STRAZ CENTER AS A BENEFICIARY OR MAKE A CONTRIBUTION TO THE ENDOWMENT. WE THANK YOU ALL. 3095769 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MARY BETH ROSSI 8132221044 1010 N WC MACINNES PLACE TAMPA FL 336023720 AD SANDY MACKINNON CHAIRMAN 1.00 1.00 X X 0 0 0 BILL WEST TREASURER 1.00 1.00 X X 0 0 0 R TROY ATLAS BOARD DIRECTOR 1.00 1.00 X 0 0 0 DON DEFOSSET BOARD DIRECTOR 1.00 0.00 X 0 0 0 HELEN KERR BOARD DIRECTOR 1.00 0.00 X 0 0 0 JACK KIRKLAND BOARD DIRECTOR 1.00 1.00 X 0 0 0 FRANK L MORSANI BOARD DIRECTOR 1.00 1.00 X 0 0 0 FRANK J RIEF III BOARD DIRECTOR 1.00 0.00 X 0 0 0 GARY SASSO BOARD DIRECTOR 1.00 1.00 X 0 0 0 HINKS SHIMBERG BOARD DIRECTOR 1.00 1.00 X 0 0 0 MARTIN L SILBIGER BOARD DIRECTOR 1.00 1.00 X 0 0 0 WILLIAM E STARKEY BOARD DIRECTOR 1.00 0.00 X 0 0 0 JERRY WILLIAMS BOARD DIRECTOR 1.00 0.00 X 0 0 0 JUDITH LISI CEO (CENTER) 8.00 40.00 X X 0 687552 33421 MARY BETH ROSSI CAFO (CENTER) 8.00 40.00 X 0 262580 29285 LORRIN SHEPARD COO (CENTER) 8.00 40.00 X 0 237696 22224 JULIE BRITTON EXECUTIVE VP, DEVELOPMENT 8.00 40.00 X 0 180201 18144 CHRISTOPHER HARRELL DIR, MAJOR GIFTS & PLANNED GIVING 40.00 0.00 X 0 107831 1027 0 1475860 104101 0 0 1 0 TAMPA BAY PERFORMING ARTS CENTER 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 ADMINISTRATIVE SERVICES 388080 MERRILL LYNCH 101 E KENNEDY BLVD TAMPA FL 33602 INVESTMENT MANAGEMENT SERVICES 174653 2 6339111 24807 6339111 1150435 1150435 21217301 18028295 3189006 3189006 3189006 LEGAL SETTLEMENT PROCEEDS 900099 8461515 8461515 SERVICE FEES & OTHER 900099 6301 6301 8467816 19146368 0 0 12807257 X 3095769 3095769 14940 14940 15000 15000 174653 174653 400822 388080 12742 21690 21690 804 804 3000 3000 3585 3585 1293 1293 SHARED SERVICES 121541 121541 17806 8253 9553 3870903 3095769 605219 169915 101544 9327384 110645 223870 8004626 12612211 31167465 31353058 803456 862992 40187736 54379515 52142 1503813 204218 615629 24779 871989 1528592 X 4347850 16014222 34967897 36836701 39315747 52850923 40187736 54379515 X 15275465 -1732574 -7715 X 0 1 X 1 0 X X 1 TAMPA BAY PERFORMING ARTS CENTER INC 592037085 7 1 3095769 0 1 3095769 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: 57 PERCENT OF THE BOARD DIRECTORS OF TAMPA BAY PERFORMING ARTS CENTER FOUNDATION INC. ARE TRUSTEES OF THE TAMPA BAY PERFORMING ARTS CENTER INC. DBA DAVID A. STRAZ JR. CENTER FOR THE PERFORMING ARTS. THE CONTROL AND MANAGEMENT BY THESE DIRECTORS IS VESTED AS TRUSTEES OF THE TBPAC CENTER INC., GIVEN THEY ATTEND THE RESPECTIVE BOARD MEETINGS ON EACH ENTITY AND HAVE VOTING RIGHTS. IN ADDITION, THE PRESIDENT AND CEO OF THE TBPAC CENTER INC., IS ALSO A BOARD DIRECTOR OF THE TBPAC FOUNDATION AND THE TREASURER OF THE CENTER SITS ON THE FOUNDATION BOARD, AS WELL AS CONVERSELY THE TREASURER OF THE FOUNDATION SITS ON THE CENTER BOARD. ACCORDINGLY, FROM BOTH A CENTER AND FOUNDATION BOARD GOVERNANCE OVERSIGHT, AN ADEQUATE LEVEL OF VESTING AND SUPPORT BY BOTH BOARDS FOR ANY FUNDING REQUESTS THAT THE CENTER MAY HAVE 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 ARMS 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 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 8 BOARD MEMBERS, COMING FROM BOTH BOARDS, COMPRISED OF 3 FOUNDATION BOARD DIRECTORS AND 5 CENTER BOARD TRUSTEES. THE CHAIR OF THIS COMMITTEE IS THE VICE CHAIR OF THE CENTER BOARD, WHO IS ALSO THE TREASURER OF THE FOUNDATION BOARD. THE PRESIDENT OF THE CENTER WHO SERVES AS A BOARD DIRECTOR OF THE FOUNDATION, ALSO SERVES ON THIS COMMITTEE. THE TWO CENTER BOARD TRUSTEES THAT SERVE ON THIS COMMITTEE ARE ALSO ON THE CENTER'S FINANCE COMMITTEE, OF WHICH ONE IS THE TREASURER OF THE CENTER BOARD. 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 21902593 68715 2431511 2664361 21738458 19880452 923242 1772667 673768 21902593 19590533 1370750 2751404 3832235 19880452 23396345 1534812 2190532 7531156 19590533 21106198 1713956 2729003 2152812 23396345 0.00000 1.00000 0.00000 1 0 0 DUE TO TAMPA BAY PERFORMING ARTS CENTER 24779 24779 PART V, LINE 4: TAMPA BAY PERFORMING ARTS CENTER FOUNDATION, INC (THE "FOUNDATION") IS BENEFICIARY OF THE RELATED FUNDS AT THE COMMUNITY FOUNDATION OF TAMPA BAY AND IS ENTITLED TO ALLOCATED DISTRIBUTIONS OF NET EARNINGS. PERMANENT ENDOWMENT FUNDS HELD IN TRUST BY THE TAMPA BAY COMMUNITY FOUNDATION 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 EDUCATION MUSIC PROGRAMMING. 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 PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. THE AMOUNT OF ACCUMULATED EARNINGS AS OF SEPTEMBER 30, 2020 WAS $1,094,515. 1 TAMPA BAY PERFORMING ARTS CENTER INC 1010 N WC MACINNES PLACE TAMPA FL 33602 592037085 501(C)(3) 3095769 DONOR DESIGNATED PROGRAMS, GENERAL PROGRAMMING, AND CAPITAL PROJECT SUPPORT 1 0 PART I, LINE 2: MONEY IS PROVIDED AS APPROVED BY THE FOUNDATION BOARD OF DIRECTORS TO THE TAMPA BAY PERFORMING ARTS CENTER (THE "CENTER") AS A RESULT OF THE FOUNDATION'S ROLE AS A SUPPORTING ORGANIZATION TO THE CENTER, 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. 0 0 0 0 0 0 0 0 0 JUDITH LISI CEO (CENTER) 0 441608 0 208556 0 37388 0 22400 0 11021 0 720973 0 0 MARY BETH ROSSI CAFO (CENTER) 0 205182 0 20000 0 37398 0 19406 0 9879 0 291865 0 0 LORRIN SHEPARD COO (CENTER) 0 185878 0 20000 0 31818 0 17416 0 4808 0 259920 0 0 JULIE BRITTON EXECUTIVE VP, DEVELOPMENT 0 132902 0 18000 0 29299 0 12976 0 5168 0 198345 0 0 FORM 990, PART III, LINE 1, 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. (THE "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 "INTERNAL REVENUE CODE"). 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 FUND-RAISING 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 VI, SECTION B, LINE 11B BEFORE THE FORM IS FILED FOR THE FOUNDATION, IT WILL BE REVIEWED BY THE FOUNDATION'S TREASURER AND CAFO. THE CAFO AND TREASURER WILL THEN PRESENT IT 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 IN QUESTIONS AND/OR SEND IN 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, CPMO AND VICE PRESIDENTS) 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 ON CONFLICTS ARE RAISED TO THE CEO, VP OF DEVELOPMENT (STAFF LIAISON TO THE BOARD GOVERNANCE COMMITTEE) AND THE BOARD GOVERNANCE COMMITTEE AS APPLICABLE. IF ANY BOARD MEMBER OR EXECUTIVE STAFF DOES NOT COMPLETE THE RELATED ANNUAL FORMS, THE VP OF DEVELOPMENT WILL ADDRESS ACCORDINGLY. IF THERE ARE ANY QUESTIONS ON CONFLICT, THE RELATED BOARD MEMBER OR KEY EXECUTIVE STAFF MEMBER IS REQUIRED TO DISCLOSE AND REMOVE HIMSELF OR HERSELF FROM VOTING ON A PARTICULAR MATTER, DECLINE IN PARTICIPATION IN A CONFLICTING BID FOR RELATED BUSINESS WITH THE ORGANIZATION OR NOT APPLY FOR EMPLOYMENT AS A STAFF POSITION IF IT IS DETERMINED THERE IS AN ACTUAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS 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. THE EXPENSE IS THEN CHARGED BACK TO THE TBPAC FOUNDATION INC THROUGH INTERCOMPANY CHARGE. 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. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 12,742. TOTAL EXPENSES 12,742. CENTER ADMIN FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 388,080. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 388,080. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST -7,715. TAMPA BAY PERFORMING ARTS CENTER INC 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 592037085 PERFORMING ARTS FL 501 (C)(3) 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0