2021-05-10T14:24:02-05:00 2020-06-30 341874260 CBIZ MHM LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2019-07-01 431866550 KAUFFMAN CENTER FOR THE PERFORMING ARTS KAUF 8169947200 1601 BROADWAY BLVD KANSAS CITY MO 64108 COLBY JONES CFO 8169947200 2021-05-07 1 LISA BURKE P00220718 8169455500 2021-05-07 2019 2022-09-23 18:48:47Z COLBY JONES 1601 BROADWAY BLVD KANSAS CITY MO 64108 17084854 0 X WWW.KAUFFMANCENTER.ORG X 1999 MO SEE SCHEDULE O 8 8 71 532 338291 0 5734442 6871558 7303167 3232085 4584933 2851724 59563 1573023 17682105 14528390 137135 77783 0 0 3403541 3583976 43370 16733 857212 19068290 17746772 22652336 21425264 -4970231 -6896874 434524524 420338908 105370919 103722311 329153605 316616597 SEE SCHEDULE O. 0 0 18647494 77783 4466817 SEE SCHEDULE O. 18647494 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 1 71 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MO X X COLBY T JONES CFO 8169947225 1601 BROADWAY BLVD KANSAS CITY MO 64108 JULIA IRENE KAUFFMAN BOARD CHAIR 1.00 X 0 0 0 SHIRLEY BUSH HELZBERG TREASURER 1.00 X 0 0 0 KEN DWORAK SECRETARY 1.00 X 0 0 0 DAVID LADY VICE CHAIR 1.00 X 0 0 0 LOUIS SMITH BOARD MEMBER 1.00 X 0 0 0 PEGGY DUNN BOARD MEMBER 1.00 X 0 0 0 JANICE KREAMER BOARD MEMBER 1.00 X 0 0 0 SHARON BLICKENSDERFER BOARD MEMBER 1.00 X 0 0 0 PAUL SCHOFER CEO, PRESIDENT 50.00 X 328189 0 12853 COLBY JONES CHIEF FINANCIAL OFFICER 50.00 X 110000 0 4750 PATRICK DONNELLY DIRECTOR OF THEATER OPERAT 50.00 X 155423 0 7781 BILL MILLER VP OF OPERATIONS 50.00 X 149654 0 7483 LISA VOSS DIRECTOR OF SALES - SPECIAL EVENTS 50.00 X 159034 0 8220 JANET MARK DIRECTOR OF DEVELOPMENT 50.00 X 161366 0 8267 1063666 0 49354 6 0 1 0 MYRON GREEN CORPORATION 8500 SHAWNEE MISSION PKWY MERRIAM KS 66202 CATERING 1706847 HARVEST PRODUCTIONS 1340 BURLINGTON NORTH KANSAS CITY MO 64116 PRODUCTION LABOR AND EQUIPMENT 390537 P1 GROUP 16210 W 108TH STREET LENEXA KS 66219 ENGINEERING 378014 BLUE CROSS BLUE SHIELD PO BOX 801714 KANSAS CITY MO 64180 INSURANCE CARRIER 362717 EVOLV TECHNOLOGIES 200 WEST ST WALTHAM MA 02451 SECURITY EQUIPMENT 346195 26 X 16529 6855029 6871558 TICKET SALES 711190 1998808 1998808 OTHER PRODUCTION REVENUE 711190 570114 570114 CATERING & FOOD SERVICE 711190 338291 338291 SPONSORSHIP 711190 324872 324872 3232085 3088490 3088490 1532519 0 1532519 1532519 1532519 2280648 2517414 -236766 -236766 -236766 79554 39050 40504 40504 14528390 4466817 338291 2851724 77783 77783 403940 210560 124083 69297 2369885 1235342 727984 406559 89211 46503 27404 15304 515182 268547 158254 88381 205758 107255 63205 35298 6774 4493 1474 807 37705 25008 8203 4494 16733 16733 170472 114552 43999 11921 191625 133858 46068 11699 386268 385124 1144 113699 66990 22851 23858 364361 218617 109308 36436 386451 374889 6731 4831 121492 43664 49040 28788 2131547 2120889 6395 4263 9941094 9891389 29823 19882 311855 252150 43900 15805 REPAIRS & MAINTENANCE 1474928 1436432 22456 16040 PROGRAMMING & PRODUCT. 1103317 1076462 26855 SECURITY 402637 390558 7046 5033 BANK FEES 375245 375245 227302 166429 47089 13784 21425264 18647494 1920558 857212 3803433 2611645 79615082 80316099 833838 297110 75063 86069 168678 245274 338866906 89535956 258683768 249330950 84938188 78092849 6300731 9206473 105743 152439 434524524 420338908 1465355 1276817 1409383 1775665 102496181 100669829 105370919 103722311 X 249004529 235508268 80149076 81108329 329153605 316616597 434524524 420338908 -6896874 -5640134 0 X 0 1 X 1 0 X 8951961 17825119 13285121 5734442 6871558 52668201 8951961 17825119 13285121 5734442 6871558 52668201 21851464 30816737 1433066 5149764 1656729 2138454 3088490 13466503 240272 285143 297443 822858 66957562 28829392 0.46020 0.58950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66404260 1605059 1161881 1417486 160653 64382944 65924602 194956 454043 1889 167452 66404260 56162875 6537386 3518222 199256 94625 65924602 40208005 10491883 6000068 382674 154407 56162875 40912868 1261140 -1811619 154384 40208005 1.00000 1 0 539801 539801 327525255 82634918 244890337 10285750 6414449 3871301 516100 486589 29511 249330950 X 9069632 -5640134 105607 -5534527 14604159 170472 -246241 -75769 14528390 21606640 105607 246241 351848 21254792 170472 170472 21425264 PART V, LINE 4: THE KAUFFMAN CENTER'S BOARD OF DIRECTORS HAS INVESTED FUNDS TO ESTABLISH A QUASI-ENDOWMENT TO PROVIDE A STREAM OF INCOME TO SUPPORT OPERATIONS. INVESTMENT AND SPENDING POLICIES HAVE BEEN ADOPTED IN ORDER TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS WHILE SEEKING TO MAINTAIN THE PRINCIPAL OF THE ASSETS. THIS INCOME IS USED TO AUGMENT EARNED INCOME. PART X, LINE 2: ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. MANAGEMENT BELIEVES THAT NO MATERIAL UNCERTAIN TAX POSITIONS EXIST FOR THE CENTER AS OF JUNE 30, 2020 OR 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES INCLUDED WITH EXPENSES ON AUDITED FINANCIALS -246,241. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES INCLUDED WITH REVENUES ON FORM 990 246,241. X X X X X X 1 JOAN ISRAELITE 1601 BROADWAY BLVD KANSAS CITY MO 64108 FUNDRAISING 0 334 16733 -16399 334 16733 -16399 MO SCHEDULE G, PART I, LINE 2(V) DUE TO JOAN'S DECREASED WORK SCHEDULE AND COVID-19, GROSS RECEIPTS DROPPED TO $334 IN FY20. 1 X X X X X 0 0 0 0 0 0 0 0 0 PAUL SCHOFER CEO, PRESIDENT 298189 0 30000 0 0 0 12853 0 0 0 341042 0 0 0 PATRICK DONNELLY DIRECTOR OF THEATER OPERAT 145423 0 10000 0 0 0 7781 0 0 0 163204 0 0 0 BILL MILLER VP OF OPERATIONS 149654 0 0 0 0 0 7483 0 0 0 157137 0 0 0 LISA VOSS DIRECTOR OF SALES - SPECIAL EVENTS 159034 0 0 0 0 0 8220 0 0 0 167254 0 0 0 JANET MARK DIRECTOR OF DEVELOPMENT 151366 0 10000 0 0 0 8267 0 0 0 169633 0 0 0 A MISSOURI DEVELOPMENT FINANCE BOARD 431387649 606037AW9 2007-06-27 159998870 SEE PART VI 1 0 0 B MISSOURI DEVELOPMENT FINANCE BOARD 431387649 000000000 2015-03-26 77000000 SEE PART VI 0 0 0 A 134435000 167694314 38715 1091826 2484075 164079699 2012 0 0 1 1 B 78129899 678210 77451689 2012 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 A 0 0 1 0 1 0 1 SEE PART VI 1.600000000000 1 1 B 0 0 0 1 1 0 0 1 1 A 1 B 1 PART II, COLUMN B, LINE 3: AMOUNT DOES NOT EQUAL ISSUE PRICE DUE TO INVESTMENT EARNINGS EARNED ON BOND PROCEEDS DURING THE PROJECT PERIOD. PART I, LINE A, COLUMN F: CONSTRUCTION OF A NEW PERFORMING ARTS CENTER. PART I, LINE B, COLUMN F: REFUND THE SERIES 2007B BONDS ORIGINALY ISSED ON JUNE 27, 2007. PART II, COLUMN A, LINE 3: AMOUNT DOES NOT EQUAL ISSUE PRICE DUE TO INVESTMENT EARNINGS EARNED ON BOND PROCEEDS IN THE ESCROW FUND THROUGH JUNE 30, 2017. PART II, COLUMN B, LINE 11: THE AMOUNT OF $77,426,875 OF BOND PROCEEDS WAS DEPOSITED INTO THE ESCROW FUND AND USED TO REFUND THE SERIES 2007B BONDS. IN ADDITION, $24,814 OF REMAINING BOND PROCEEDS WAS USED TO PAY INTEREST ON THE BONDS. PART IV, COLUMN B, LINE 6: GROSS PROCEEDS WERE HELD IN A YIELD-RESTRICTED ADVANCE REFUNDING ESCROW AND INVESTED BELOW BOND YIELD. PART IV COLUMN A, LINE 5A AND LINE 5B THE PROJECT FUND WAS INVESTED IN A MASTER REPURCHASE AGREEMENT WITH HYPO PUBLIC FINANCE BANK, WHICH AGREEMENT MATURED ON FEBRUARY 2, 2009. PART IV, COLUMN B, LINE 2C: ARBITRAGE ANALYSIS DATED MARCH 1, 2020. FORM 990, PART I AND III, LINE 1 THE KAUFFMAN CENTER FOR THE PERFORMING ARTS WILL PROVIDE EXTRAORDINARY EXPERIENCES THROUGH: -PROGRAMS - SHOWCASE A VARIETY OF HIGH QUALITY PROGRAMS THROUGH RESIDENT COMPANIES AND COMMUNITY PARTNERSHIPS, AS WELL AS NATIONAL AND INTERNATIONAL ARTISTS AND PRODUCTIONS. -CUSTOMER SERVICE - CREATE DEVOTED CONSTITUENTS AND ENHANCE THE SATISFACTION FOR ALL WHO COME INTO THE VENUE. -EDUCATION - NURTURE LOVE OF THE ARTS FOR PRESENT AND FUTURE GENERATIONS. FORM 990, PART III, LINE 4A IN 2020, COVID-19 IMPACTED THE KAUFFMAN CENTER'S ABILITY TO DELIVER PERFORMANCES TO THE COMMUNITY. ALTHOUGH THE FIRST HALF OF THE YEAR BOASTED SUCCESSFUL PERFORMANCES SUCH AS JANE FONDA, THE KINGDOM CHOIR, THE WHITE ALBUM AND IDIGO GIRLS, OPERATIONS WERE STOPPED DUE TO MAYOR LUCAS ORDERS ON MARCH 13, 2020. SINCE THEN, THE ORGANIZATION HAS WORKED TO CONNECT AUDIENCES, DONORS AND SUPPORTERS THROUGH VARIOUS VIRTUAL AND DIGITAL WAYS INCLUDING: - SOCIAL MEDIA CAMPAIGNS, A FILMED ORGAN SERIES, KAUFFMAN CENTER SPOTIFY PLAYLISTS, COMMUNITY COLLABORATIONS WITH LOCAL ORGANIZATIONS LIKE THE KC ZOO, SCRAPSKC AND MESNER PUPPET THEATRE, VIRTUAL TRIVIA NIGHTS AND MORE. OUR OPEN DOORS COMMUNITY OUTREACH PROGRAMMING HAS TAKEN CENTER STAGE AS THE KAUFFMAN CENTER HAS ENGAGED THE COMMUNITY THROUGH PROGRAMS INCLUDING: - VIRTUAL FUTURE STAGES FESTIVAL, AN EVENT THAT BROUGHT 3,658 CUMULATIVE ONLINE VIEWS ON JUNE 14, 2020, AND OVER 6,269 SINCE JULY OF 2020 - DEVELOPMENT OF A BACKSTAGE INTENSIVE PORTAL FOR TECHNICAL THEATER CLASSROOMS INCLUDING STUDENT ACTIVITIES AND VIDEOS FOR IN-CLASSROOM LEARNING. KAUFFMAN CENTER'S COMMITMENT TO SERVING EVERYONE IN THE COMMUNITY IS EVIDENT FROM THE WIDE RANGE OF FREE OR LOW-COST PROGRAMMING. THE ABOVE INITIATIVES HAVE ALL BEEN OFFERED FREE TO THE COMMUNITY. IN ADDITION FREE SCHOOL MATINEES HAVE BEEN OFFERED FROM ARTISTS LIKE BLACK VIOLIN AND THE POPULAR NATIONAL GEOGRAPHIC SERIES-PART OF KAUFFMAN CENTER PRESENTS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 RETURN IS PREPARED BY AN INDEPENDENT CPA FIRM AND PROVIDED TO THE MEMBERS OF THE FINANCE COMMITTEE VIA EMAIL FOR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY MANAGEMENT, AND ANY CHANGES MUST BE APPROVED BY THE BOARD OF DIRECTORS. THE FINAL VERSION OF THE POLICY IS GIVEN TO EACH EMPLOYEE AND MEMBERS OF THE GOVERNING BOARD, AND ALL ARE REQUIRED TO SIGN A COMPLIANCE FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE MEETS AS NEEDED TO REVIEW ALL COMPENSATION AND BENEFITS FOR ALL EMPLOYEES, INCLUDING THE CEO AND CFO. THE COMMITTEE UTILIZES BENCHMARKING THROUGH COMPENSATION SURVEYS, STUDIES AND PEER AND REGIONAL ORGANIZATION INFORMATION IN ORDER TO DETERMINE THAT COMPENSATION AND BENEFITS ARE FAIR AND REASONABLE. ANNUAL REVIEWS ARE CONDUCTED BY SUPERVISORS FOR ALL STAFF AND COMPENSATION IS APPROVED BY MANAGEMENT, WITH DIRECTION FROM THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEW AND SET MERIT INCREASES FOR THE FISCAL PERIOD DURING THE BUDGET APPROVAL PROCESS. COMPENSATION FOR THE CEO AND ANY BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ALL GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE GREATER KANSAS CITY FOUNDATION WEBSITE, AND GOVERNING DOCUMENTS ARE AVAILABLE ON THE MISSOURI SECRETARY OF STATE WEBSITE. FORM 990, PART VII ON JULY 1, 2018, THE CENTER ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS UPDATE (ASU) 2014-09, REVENUE FROM CONTRACTS WITH CUSTOMERS (TOPIC 606) AND FASB ASU 2018-08, NOT-FOR-PROFIT ENTITIES (TOPIC 958): CLARIFYING THE SCOPE AND THE ACCOUNTING GUIDANCE FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE. THESE TWO ASUS WERE ADOPTED TOGETHER AS OF JULY 1, 2018, BECAUSE THEY BOTH ESTABLISH STANDARDS FOR CHARACTERIZING SUPPORT AND REVENUE AS EITHER EXCHANGE TRANSACTIONS OR CONTRIBUTIONS. ADOPTING ONE ASU WITHOUT THE OTHER WOULD LEAVE THE ACCOUNTING FOR SOME ONGOING GRANTS AND CONTRACTS UNRESOLVED. ASU 2014-09 WAS ADOPTED RETROSPECTIVELY ONLY TO SPONSORSHIP AGREEMENTS AND SPOTLIGHT MEMBERSHIPS THAT WERE NOT COMPLETED AT JULY 1, 2018. THE ADJUSTMENT RELATED TO ALL OTHER REVENUE STREAMS WAS DEEMED IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ASU 2018-08 AND ASU 2014-09 WERE APPLIED ON A MODIFIED PROSPECTIVE BASIS TO AGREEMENTS THAT WERE NOT COMPLETED AT JULY 1, 2018, OR THAT WERE ENTERED INTO AFTER THAT DATE.