2019-11-15T13:50:55-06:00 2018-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2018-01-01 455316035 WORLD TRADE CENTER PERFORMING ARTS CENTER INC WORL 2122663000 ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 DAVID LANGFORD CFO 2123128800 2019-11-15 1 GARRETT M HIGGINS P00543209 2122862600 2019-11-15 4.15.211.182 2019-11-15 13:10:42 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 40DFD97C23B761131A893E112484B80F36E3DF78 2018 2020-03-31 21:24:44Z THE PERELMAN CENTER DAVID LANGFORD ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 80704194 0 X HTTP://WWW.THEPERELMAN.ORG X 2012 NY WORLD TRADE CENTER PERFORMING ARTS CENTER, INC. (THE "PAC") WILL PRESENT THE BEST IN THEATER, DANCE, MUSIC AND FILM FROM THE UNITED STATES AND AROUND THE WORLD IN A STATE-OF-THE-ART VENUE. THE PAC WILL ALSO PRODUCE COLLABORATIVE AND CROSS-DISCIPLINARY WORKS CREATED BY TODAY'S FOREMOST ARTISTS. 21 21 10 22 0 0 74434667 80197523 0 0 0 -3343 100000 0 74534667 80194180 0 0 0 0 947937 1135355 178000 229000 322518 1102722 1608376 2228659 2972731 72306008 77221449 80812311 158006000 3855143 4109733 76957168 153896267 THE PAC WILL BE A CULTURAL AND PERFORMING ARTS CENTER AT THE WORLD TRADE CENTER SITE THAT WILL CONTRIBUTE TO THE REVITALIZATION OF LOWER MANHATTAN AND PROMOTE THE PERFORMING ARTS BY PRODUCING AND PRESENTING THEATER, DANCE, MUSIC, AND FILM FROM AMERICA AND AROUND THE WORLD. 0 0 2286944 IN 2018, THE PAC DESIGN TEAM (REX, CHARCOALBLUE AND DAVIS BRODY BOND) COMPLETED DESIGN DEVELOPMENT AND BOARD APPROVED ADVANCING THEN INTO CONSTRUCTION DOCUMENTS. WORKING WITH SCIAME CONSTRUCTION, SUBCONTRACTOR AWARDS WERE MADE IN Q3 FOR FACADE AND STRUCTURAL STEEL. PROJECT MANAGEMENT AND DESIGN COSTS OF $25,520,621 WERE INCURRED IN 2018 AND CAPITALIZED AS CONSTRUCTION IN PROGRESS. THE PAC SIGNED A LEASE WITH THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY SECURING THE PERMANENT RIGHTS TO THE PAC CONSTRUCTION SITE. THE BOARD'S SEARCH FOR THE ARTISTIC DIRECTOR COMPLETED WITH THE HIRING OF BILL RAUCH, PREVIOUSLY THE CRITICALLY ACCLAIMED ARTISTIC DIRECTOR OF THE OREGON SHAKESPEARE FESTIVAL. 2286944 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 29 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X DAVID LANGFORD 2122663000 ONE LIBERTY PLAZA 29TH FL NEW YORK NY 10006 BARBRA STREISAND CHAIR 0.50 X X 0 0 0 PETER DARROW VICE-CHAIR 5.00 X X 0 0 0 CHRISTINE TAYLOR SECRETARY 0.50 X X 0 0 0 DOMINIC CASSERLEY TREASURER 1.00 X X 0 0 0 FRANK BISIGNANO DIRECTOR 0.50 X 0 0 0 RIC CLARK DIRECTOR 1.00 X 0 0 0 STEVEN E COHEN DIRECTOR 1.00 X 0 0 0 STEPHEN DALDRY DIRECTOR 0.50 X 0 0 0 DAVID EARLS DIRECTOR 0.50 X 0 0 0 ARI EMANUEL DIRECTOR 0.50 X 0 0 0 HAROLD FORD JR DIRECTOR 0.50 X 0 0 0 ALICIA GLEN DIRECTOR UNTIL FEB. 2018 0.50 X 0 0 0 PATRICIA E HARRIS DIRECTOR 1.00 X 0 0 0 ED HENRY DIRECTOR 0.50 X 0 0 0 PAULA LAWRENCE DIRECTOR 0.50 X 0 0 0 JULIE MENIN DIRECTOR 0.50 X 0 0 0 ZENIA MUCHA DIRECTOR 1.00 X 0 0 0 RONALD O PERELMAN DIRECTOR 0.50 X 0 0 0 SCOTT RECHLER DIRECTOR 0.50 X 0 0 0 BARRY F SCHWARTZ DIRECTOR 0.50 X 0 0 0 LARRY A SILVERSTEIN DIRECTOR 0.50 X 0 0 0 SUSAN STROMAN DIRECTOR 0.50 X 0 0 0 MAGGIE BOEPPLE PRESIDENT & DIRECTOR 40.00 X 380025 0 34825 DAVID LANGFORD CHIEF FINANCIAL OFFICER 40.00 X 444484 0 59060 WILLIAM RAUCH ARTISTIC DIRECTOR 40.00 X 226803 0 1000 1051312 0 94885 3 0 1 0 DAVIS BRODY BOND ONE NEW YORK PLAZA SUITE 4200 NEW YORK NY 10004 ARCHITECTURAL SERVICES 4496351 DBI CONSTRUCTION CONSULTANTS 1261 BROADWAY 9TH FLOOR NEW YORK NY 10001 CONSTRUCTION 1891505 SCIAME CONSTRUCTION LLC 14 WALL STREET NEW YORK NY 10005 CONSTRUCTION 1725342 CHARCOALBLUE LLC 150 WEST 28TH STREET SUITE 1504 NEW YORK NY 10001 ARCHITECTURAL SERVICES 1052500 FRIED FRANK HARRIS SHRIVER & JACOBSON ONE NEW YORK PLAZA NEW YORK NY 10004 LEGAL COUNSEL 644059 8 53062723 27134800 506671 80197523 506671 510014 -3343 -3343 -3343 80194180 0 0 -3343 X 918394 743899 137759 36736 147635 122498 18792 6345 6580 5513 776 291 11734 9641 1603 490 51012 41472 7477 2063 381780 286335 95445 27244 23157 3542 545 229000 229000 524661 514173 10488 68258 30716 3413 34129 64386 54728 8370 1288 27319 23221 3552 546 18844 16017 2450 377 30481 30481 436398 360438 65832 10128 27106 23040 3524 542 MISC. ADMIN. EXPENSES 1579 1531 12 36 MEMBERSHIP DUES 320 84 234 2 2972731 2286944 363269 322518 12235224 19631776 45755318 42539333 16683 15483 475758 396557 181558 79201 22623528 95740207 80812311 158006000 2237499 3062089 1617644 1047644 3855143 4109733 X 32884616 67390000 43072552 85506267 1000000 1000000 76957168 153896267 80812311 158006000 X 77221449 -282350 X X 0 1 X 1 1 1 X 454676 1041733 5949608 74434667 80197523 162078207 454676 1041733 5949608 74434667 80197523 162078207 48915808 113162399 100000 100000 162178207 0.69780 0.39890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: VENDOR CREDITS - 2017 AMOUNT: $ 100,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 1.00000 0 0 405194 339672 65522 70564 56885 13679 79201 CONSTRUCTION IN PROGRESS 48144149 CAPITALIZED LEASEHOLD 47596058 95740207 DUE TO NATIONAL SEPTEMBER 11 MEMORIAL AND MUSEUM 1000977 DEFERRED RENT 46667 1047644 X 80194180 0 80194180 0 80194180 3255081 282350 282350 2972731 0 2972731 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF A RESTRICTED GIFT TO BE HELD IN PERPETUITY. INCOME EARNED IS EXPENDABLE TO SUPPORT A THEATRICAL PRODUCTION SELECTED BY THE DONOR. PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATIONS OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAX, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO 2015. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMORTIZATION OF DONATED OFFICE SPACE 282,350. X X X 1 CATHY BLANEY AND ASSOCIATES 300 EAST 85TH STREET APT 2502 NEW YORK NY 10028 CAPITAL CAMPAIGN 0 0 166000 0 JP LEXINGTON LLC 30 E END AVENUE 5B NEW YORK NY 10028 CAPITAL CAMPAIGN 0 0 63000 0 229000 NY X X X X 0 0 0 0 0 0 0 1 0 MAGGIE BOEPPLE PRESIDENT & DIRECTOR 300699 0 75000 0 4326 0 27500 0 7325 0 414850 0 0 0 DAVID LANGFORD CHIEF FINANCIAL OFFICER 367420 0 75000 0 2064 0 27500 0 31560 0 503544 0 0 0 WILLIAM RAUCH ARTISTIC DIRECTOR 226803 0 0 0 0 0 1000 0 0 0 227803 0 0 0 PART I, LINE 7 THE FOLLOWING INDIVIDUALS RECEIVED A PERFORMANCE BONUS AS REPORTED ON PART II, COLUMN (B)(II): -MAGGIE BOEPPLE: $75,000 -DAVID LANGFORD: $75,000 X 1 506671 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF DONORS IN PART I, COLUMN (B). FORM 990, PART I, ITEM C DBA: PERFORMING ARTS CENTER AT THE WORLD TRADE CENTER FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT/DIRECTOR AND CFO AND THEN PROVIDED ELECTRONICALLY TO THE BOARD PRIOR TO FILING. THE BOARD IS PROVIDED AN OPPORTUNITY TO ASK QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE PAC HAS A BOARD APPROVED CONFLICT OF INTEREST POLICY WHICH IT ACTIVELY MONITORS AND ENFORCES. THE POLICY MANDATES THAT ALL DIRECTORS AND OFFICERS ANNUALLY SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST QUESTIONNAIRE IS FILED ANNUALLY WITH THE PRESIDENT/DIRECTOR OF THE PAC OR HER DESIGNEE WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS EXPECTED TO OCCUR WITHIN THE FOLLOWING YEAR. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS ON THE PART OF A DIRECTOR OR OFFICER, DISCLOSURE SHALL BE MADE TO THE CHAIR OF THE BOARD AND EXTERNAL BOARD COUNSEL. IF AN ACTUAL CONFLICT EXISTS AND INVOLVES A PARTICULAR TRANSACTION THAT REQUIRES A VOTE OF THE BOARD, THE AFFECTED MEMBER OF MANAGEMENT OR THE BOARD WILL NOT BE ENTITLED TO VOTE, DELIBERATE OR OTHERWISE USE HIS OR HER INFLUENCE ON THE MATTER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE PAC'S PRESIDENT'S COMPENSATION WAS DETERMINED BY A VOTE OF THE BOARD AFTER THE BOARD MEMBERS HAD AN OPPORTUNITY TO REVIEW THE POSITION DESCRIPTION, PRESIDENT'S QUALIFICATIONS, INCLUDING HER CURRICULUM VITAE, AND COMPENSATION DATA OF PRESIDENTS AT SIMILARLY SITUATED CULTURAL INSTITUTIONS. NONE OF THE DIRECTORS INVOLVED IN DETERMINING THE PRESIDENT'S COMPENSATION HAD A CONFLICT OF INTEREST IN CONNECTION WITH THE DETERMINATION. CONTEMPORANEOUS DOCUMENTATION WITH RESPECT TO THE DELIBERATION AND VOTE IS RETAINED IN THE PAC'S FILES. THE PAC PRESIDENT REVIEWED SIMILAR INFORAMTION FOR OTHER CULTURAL INSTITUTIONS IN ESTABLISHING COMPENSATION FOR THE CHIEF FINANCIAL OFFICER. THE PROCESS WAS LAST PERFORMED IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE PAC'S FORM 990, FORM 1023, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST AT ONE LIBERTY PLAZA, 29TH FL., NEW YORK, NY 10006 OR BY CALLING THE ORGANIZATION DIRECTLY AT 212-266-3000. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G ARTISTIC PROGRAM DEVELOPMENT: PROGRAM SERVICE EXPENSES 257,931. MANAGEMENT AND GENERAL EXPENSES 5,260. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 263,191. EXECUTIVE SEARCH: PROGRAM SERVICE EXPENSES 204,250. MANAGEMENT AND GENERAL EXPENSES 4,168. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 208,418. FINANCIAL ADVISORY FEES: PROGRAM SERVICE EXPENSES 41,650. MANAGEMENT AND GENERAL EXPENSES 850. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,500. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 10,342. MANAGEMENT AND GENERAL EXPENSES 210. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,552. FORM 990, PART XI, LINE 9: AMORTIZATION OF DONATED OFFICE SPACE -282,350. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.