2019-08-14T12:39:57-05:00 2018-09-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2017-10-01 593524613 TAMPA BAY PERFORMING ARTS CENTER FOUNDATION INC TAMP 8132221044 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 JUDITH LISI CEO 8132221044 2019-08-12 1 AMANDA ADAMS P00748038 7043771678 68.142.180.173 2019-08-12 06:20:23 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 18694F53AD11E15FFCEA276DE93F63B2E746D691 2017 2019-02-21 02:37:17Z JUDITH LISI 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 13710404 0 X N/A X 1997 FL SEE SCHEDULE O. 17 16 0 15 0 0 733142 712789 0 0 1911720 1522409 0 0 2644862 2235198 2928554 1981578 0 0 0 0 0 0 261755 669893 795781 3598447 2777359 -953585 -542161 39531834 39858054 1571907 1073504 37959927 38784550 X SEE SCHEDULE O 0 0 1981578 1981578 IN FISCAL YEAR 2017/2018, 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.WITH THE FOUNDATION SERVING AS THE ENDOWMENT FUND AND SUPPORT FOR THE CENTER, THE FOUNDATION PROVIDED THE CENTER FINANCIAL STABILITY IN FISCAL YEAR 2017/2018 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.TBAC FOUNDATION, INC. ENDOWMENT BY THE NUMBERS:672 DONORS HAVE CONTRIBUTED TO THE STRAZ CENTER ENDOWMENT, ENSURING THAT OUR PROGRAMS WILL IMPACT TAMPA BAY IN PERPETUITY.$64 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 2018, $1.4 MILLION OF ENDOWMENT EARNINGS WERE DISTRIBUTED TO THE STRAZ CENTER'S OPERATING BUDGET TO SUPPORT ARTISITC EXCELLENCE, ARTS EDUATION 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.ARTISTIC EXCELLENCE - LAST YEAR, MORE THAN 545,000 PEOPLE CAME TO THE STRAZ CENTER TO SEE A DIVERSE MENU OF WORLD-CLASS CULTURAL OFFERINGS. THESE OFFERINGS INCLUDE THE POPULAR BROADWAY AT THE STRAZ SERIES, OPERA TAMPA, INTIMATE CONERTS IN CLUB JAEB, THE NATIONAL GEOGRAPHIC SPEAKERS, DANCE, COMEDY AND SO MUCH MORE. WITH A BROADWAY LINE-UP THIS YEAR THAT INCLUDES TONY AWARD-WINNING SHOWS LIKE DEAR EVAN HANSED, HELLO DOLLY!, A BRONX TALE, AND OTHERS, THE STRAZ HAS WELCOMED A RECORD NUMBER OF SUBSCRIBERS AND NEW GUESTS. IN MARCH, THE STRAZ CENTER WAS THRILLED TO HOST THE INTERNATIONAL PHENOMENON, HAMILTON, FOR 31 SHOWS IN MORSANI HALL, INTRODUCING AUDIENCES OF ALL AGES TO THE PERFORMING ARTS.OPERA TAMPA - THIS YEAR, OPERA TAMPA OFFERED ANOTHER EXCITING YEAR OF WORLD CLASS PERFORMANCES ON THE STAGE OF MORSANI HALL, GEORGE BIZET'S THE PEARL FISHERS. IN ADDITION TO THE POWERFUL MAINSTAGE PRODUCTIONS THAT TAKE PLACE AT THE STRAZ CENTER EACH YEAR, THE OPERA TAMPA SINGERS EDUCATION OUTREACH PROGRAM BROUGHT THE JOY OF OPERA TO OVER 5,000 CHILDREN, SPECIAL NEEDS ADULTS, FAMILIES, AND SENIORS IN 30 SCHOOLS AND COMMUNITY ORGANIZATIONS.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.OUTREACH - IN 2018, THE STRAZ CENTER SERVED 45 PARTNERING SCHOOLS AND AGENCIES AND OVER 4,600 STUDENTS THROUGH OUR COMMUNITY PARTNERSHIP PROGRAM. HIGH SCHOOL STUDENTS ENGAGED IN A 16-WEEK SONGWRITING PROJECT THAT EXPLORED THE LIFE AND WORK OF SINGER-SONG WRITER CAROLE KING AS WELL AS SONG STRUCTURE, STORY TELLING AND MUSIC. STUDENTS COMPOSED, ARRANGED AND RECORDED THEIR ORIGINAL SONGS WITH GUIDANCE FROM STRAZ CENTER TEACHING ARTISTS. THE STUDENTS THEN PERFORMED THEIR SONGS ON THE OUTDOOR STAGE AT THE STRAZ CENTER BEFORE SEEING THE BROADWAY TOURING PRODUCTION OF BEAUTIFUL AND STAYING FOR A "TALKBACK" WITH THE CAST MEMBERS.SCHOLARSHIPS - SCHOLARSHIPS ENABLED STUDENTS, EXPECIALLY THOSE WHO OTHERWISE WOULD BE UNABLE TO PARTICIPATE, TO ENROLL IN CLASSES AND CAMPS AT THE PATEL CONSERVATORY. SCHOLARSHIPS ENSURE THAT THE PATEL CONSERVATORY CURRICULUM IN DANCE, MUSIC, AND THEATER IS ACCESSIBLE TO ALL. IN 2018, NEARLY $320,000 IN NEED-BASED AND MERIT SCHOLARSHIPS WAS AWARDED TO STUDENTS IN GRADES K-12 TO PURSUE TRAINING IN 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.TICKET SUBSIDIES - OUR OPERATION TICKETS PROGRAM PROVIDE OVER 43,000 SUBSIDIZED TICKETS TO STUDENTS FROM PARTICIPATING SCHOOLS, INCLUDING A MAJORITY OF TITLE I SCHOOLS, 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.CAPITAL IMPROVEMENTS - THE STRAZ CENTER CONTINUES TO BE A STATE-OF-THE-ART FACILITY THAT OFFERS THE VERY BEST EXPERIENCE FOR PERFORMERS AND PATRONS ALIKE. DURING THIS PAST YEAR, BACKSTAGE DRESSING ROOMS WERE UPGRADED TO PROVIDE MODERN CONVENIENCES FOR CAST MEMBERS. IN ADDITION, THE PATRON EXPERIENCE WAS ELEVATED THROUGH OUR SEAT RENOVATION PROJECT. THIS PROJECT INCLUDED THE RESTORATION OF ALL SEATS IN THE ORCHESTRA SECTION OF MORSANI HALL. THE PROJECT WILL CONTINUE IN THE UPCOMING YEARS AS WE UPGRADE OUR SEATING IN THE ENTIRE THEATER. 1981578 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 X 17 16 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 WILLIAM O WEST TREASURER 1.00 1.00 X X 0 0 0 R KENT BAILEY BOARD DIRECTOR 1.00 0.00 X 0 0 0 DON DEFOSSET BOARD DIRECTOR 1.00 0.00 X 0 0 0 JOHN JAEB BOARD DIRECTOR 1.00 0.00 X 0 0 0 HELEN KERR BOARD DIRECTOR 1.00 1.00 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 DAVID A STRAZ JR BOARD DIRECTOR 1.00 0.00 X 0 0 0 SUSAN SYKES BOARD DIRECTOR 1.00 1.00 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 644577 169360 LORRIN SHEPARD COO (CENTER) 8.00 40.00 X 0 212382 22886 MARY BETH ROSSI CFO (CENTER) 8.00 40.00 X 0 243367 25966 JULIE BRITTON VP DEVELOPMENT (CENTER) 8.00 40.00 X 0 165986 16548 0 1266312 234760 0 0 1 0 TAMPA BAY PERFORMING ARTS CENTER 1010 NORTH WC MACINNES PLACE TAMPA FL 33602 ADMINISTRATIVE SERVICES 313712 MERRILL LYNCH 101 E KENNEDY BLVD TAMPA FL 33602 INVESTMENT MANAGEMENT SERVICES 173236 2 712789 712789 746522 746522 12251093 11475206 775887 775887 775887 2235198 0 0 1522409 X 1981578 1981578 300 300 15000 15000 173236 173236 475462 321250 154212 756 737 19 3000 3000 21 21 2091 2091 20503 20503 SHARED SERVICES 97582 97582 7830 7830 2777359 1981578 534026 261755 99074 4889 835134 9130663 8200912 8000 0 28132457 30825669 494661 0 831845 826584 39531834 39858054 73902 62522 876171 522105 621834 488877 1571907 1073504 X 9238559 8539619 925960 2368564 27795408 27876367 37959927 38784550 39531834 39858054 X -542161 1372044 -5260 X 0 1 X 1 0 X X 1 TAMPA BAY PERFORMING ARTS CENTER INC 592037085 7 1 1981578 0 1 1981578 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: FORTY-SIX PERCENT OF THE FOUNDATION'S BOARD OF DIRECTORS ARE ALSO BOARD TRUSTEES ON 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 2017 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 7 BOARD MEMBERS, COMING FROM BOTH BOARDS, COMPRISED OF 4 FOUNDATION BOARD DIRECTORS AND 3 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. 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. 19590533 1370750 2751404 3832235 19880452 23396345 1534812 2190532 7531156 19590533 21106198 1713956 2729003 2152812 23396345 22807304 1428800 188797 3318703 21106198 21939129 807398 2686319 2625542 22807304 0.00000 0.99000 0.01000 1 0 0 DUE TO TAMPA BAY PERFORMING ARTS CENTER 488877 488877 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. 1 TAMPA BAY PERFORMING ARTS CENTER INC 1010 N WC MACINNES PLACE TAMPA FL 33602 592037085 501(C)(3) 1981578 DONOR DESIGNATED PROGRAMS GENERAL PROGRAMMING AND CAPITAL PROJECT SUPPORT 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 1 0 0 0 0 0 0 0 JUDITH LISI CEO (CENTER) 0 408594 0 200171 0 35812 0 159035 0 10325 0 813937 0 0 LORRIN SHEPARD COO (CENTER) 0 157762 0 20000 0 34620 0 15338 0 7548 0 235268 0 0 MARY BETH ROSSI CFO (CENTER) 0 192361 0 20000 0 31006 0 17808 0 8158 0 269333 0 0 JULIE BRITTON VP DEVELOPMENT (CENTER) 0 120650 0 17000 0 28336 0 11874 0 4674 0 182534 0 0 PART I, LINE 1A THE ORGANIZATION HAS NO FULL TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE ORGANIZATION ARE EMPLOYEES OF TAMPA BAY PERFORMING ARTS CENTER, INC. AND ARE SUBJECT TO THE COMPENSATION, CLASSIFICATION, AND ALL OTHER PERSONNEL POLICIES OF TAMPA BAY PERFORMING ARTS CENTER, INC. PART I, LINE 4B THE 2017 CONTRIBUTION TO JUDITH LISI'S SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN WAS $137,435. THIS AMOUNT HAS BEEN REFLECTED IN PART II, COLUMN C AS NONTAXABLE DEFERRED COMPENSATION. 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 CFO. THE CFO 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, CFO AND CEO, AS APPLICABLE. AFTER THE TREASURER AND AUDIT COMMITTEE HAVE REVIEWED THE FORM, THE CFO 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, CFO 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, CFO, 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 CFO 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 NO FULL TIME EMPLOYEES. 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 141,691. TOTAL EXPENSES 141,691. CENTER ADMIN FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 313,712. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 313,712. OTHER FEES FOR SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,538. FUNDRAISING EXPENSES 12,521. TOTAL EXPENSES 20,059. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST -5,260. 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