2025-10-15T15:43:26-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 952217011 PERFORMING ARTS CENTER OF LOS ANGELES COUNTY PERF 2139727211 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 WILLIAM TAYLOR SR. VP FIN/CFO & ASSIST. TREASURER 2139727211 2025-10-14 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2025-10-09 2023 2025-03-06 01:10:19Z THE MUSIC CENTER (TMC) WILLIAM TAYLOR 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 66902809 0 X WWW.MUSICCENTER.ORG X 1961 CA TMC STRIVES TO DEEPEN THE CULTURAL LIVES OF EVERY RESIDENT OF LOS ANGELES COUNTY AND CONTINUE CREATING AN INCREASINGLY RELEVANT, MULTIDISCIPLINARY PERFORMING ARTS CENTER. 47 46 1259 197 0 0 11560948 10873465 49279243 50538229 2373613 2691820 2097053 2523456 65310857 66626970 796120 843084 0 0 35938948 38105749 166441 208420 4045384 40078031 33167829 76979540 72325082 -11668683 -5698112 137002915 136607580 38244461 37746245 98758454 98861335 X SEE SCHEDULE OTMC CHAMPIONS THE ARTS IN LOS ANGELES FOR ALL PEOPLE. TMC CONNECTS THE PEOPLE OF LOS ANGELES WITH ONE ANOTHER AND WITH ART THAT CAN ENRICH THEIR LIVES. TMC EMBRACES PATRONS, VISITORS AND COMMUNITY MEMBERS FROM ALL BACKGROUNDS. TMC PROVIDES EXCEPTIONAL SERVICE TO ITS RESIDENT COMPANIES AND TO ALL WHO PRESENT OR EXPERIENCE THE ARTS AT ITS FACILITIES. TMC FAITHFULLY STEWARDS THE CAMPUS ENTRUSTED TO IT BY THE COUNTY OF LOS ANGELES. 0 0 42678190 45623687 CENTER OPERATIONS: THE MUSIC CENTER ("TMC") MAINTAINS AND OPERATES THE FACILITIES ON BEHALF OF LOS ANGELES COUNTY. THE FACILITIES INCLUDE: WALT DISNEY CONCERT HALL, DOROTHY CHANDLER PAVILION, AHMANSON THEATRE, MARK TAPER FORUM, JERRY MOSS PLAZA, AND GLORIA MOLINA GRAND PARK ("PARK"). TMC IS HOME TO FOUR RENOWNED RESIDENT COMPANIES: CENTER THEATRE GROUP, LOS ANGELES MASTER CHORALE, LOS ANGELES OPERA COMPANY, AND LOS ANGELES PHILHARMONIC ASSOCIATION. TMC PROVIDES FACILITY MAINTENANCE, SECURITY, GUEST SERVICES, PRODUCTION, AND SCHEDULING AND EVENTS MANAGEMENT. IN THE CURRENT FISCAL YEAR, NEARLY 750,000 GUESTS ATTENDED OVER 580 TICKETED PERFORMANCES IN THE CENTER'S VENUES.TMC ALSO MANAGES AND OPERATES LOS ANGELES COUNTY'S 12-ACRE GLORIA MOLINA GRAND PARK. THE PARK FEATURES MULTIUSE LAWNS, STAGES, AND OPEN SPACES AVAILABLE FOR BOTH LEISURE AND CIVIC GATHERINGS. THE PARK TYPICALLY HAS MORE THAN 1 MILLION GUESTS VISIT ANNUALLY TO ENJOY ITS MANY AMMENITIES. THE PARK HAS BECOME THE CENTRAL GATHERING PLACE IN LOS ANGELES FOR MAJOR HOLIDAY CELEBRATIONS INCLUDING JULY 4TH AND NEW YEAR'S EVE 17477072 843084 6848751 TMC ARTS:TMC HAS DEVELOPED A RAPIDLY GROWING ARTISTIC ROLE IN LOS ANGELES COUNTY. ALL TMC ARTS' PROGRAMS ARE DEVELOPED THROUGH THE LENS OF ENGAGEMENT AND WITH A FOCUS ON CREATING PROGRAMS THAT RESPOND TO AND ARE REFLECTIVE OF THE DIVERSE POPULATIONS THAT COMPRISE LOS ANGELES COUNTY. THIS APPROACH APPLIES TO THE RANGE OF TMC ARTS PROGRAMS, WHETHER A TICKETED PRESENTATION OF A DANCE COMPANY IN TMC'S THEATRES FOR ITS "GLORYA KAUFMAN PRESENTS DANCE AT THE MUSIC CENTER" SERIES, OR A FREE AND/OR LOWCOST PARTICIPATORY PROGRAM IN THE JERRY MOSS PLAZA, SUCH AS TMC'S "DANCE DTLA." MANY OF THE EVENTS PRODUCED BY TMC ARTS IN GLORIA MOLINA GRAND PARK ARE CURATED IN CONJUNCTION WITH THE PARK'S NUMEROUS COMMUNITY PARTNERS. TMC INITIATED A NEW DIGITAL INITIATIVE FOCUSED ON IMMERSIVE TECHNOLOGY. TMC ALSO MANAGES ITS HIGHLY RESPECTED ARTS LEARNING PROGRAMS, WHICH TYPICALLY REACH 150,000 STUDENTS AND FAMILIES ANNUALLY AND IS THE LARGEST ARTS EDUCATION PROGRAM IN LOS ANGELES. 2294367 588477 CAPITAL IMPROVEMENTS:UNDER THE TERMS OF THE OPERATING AGREEMENT WITH THE COUNTY OF LOS ANGELES, TMC TRANSFERS TITLE OF LEASEHOLD AND OTHER CAPITAL IMPROVEMENTS TO THE COUNTY OF LOS ANGELES UPON PURCHASE. AS SUCH, TMC EXPENSES THESE PURCHASES AS THEY ARE INCURRED. CAPITAL IMPROVEMENT EXPENSES ALSO INCLUDE DEBT SERVICE RELATED TO BONDS PAYABLE FOR THE 2007 MARK TAPER FORUM RENOVATION, AMORTIZATION OF FOOD AND BEVERAGE CONTRACT ACQUISITION COSTS, AND VARIOUS CAPITAL IMPROVEMENTS ACROSS THE TMC CAMPUS. 62449629 1 1 0 0 0 0 0 1 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 344 0 1 1259 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 47 46 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X WILLIAM TAYLOR 2139727512 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 RACHEL S MOORE PRESIDENT AND CEO 35.00 X X 981357 0 76462 CINDY MISCIKOWSKI CHAIR, DIRECTOR 1.00 X X 0 0 0 ROBERT J ABERNETHY CO VICE CHAIR, DIRECTOR 1.00 X X 0 0 0 DARRELL R BROWN CO VICE CHAIR, DIRECTOR 1.00 X X 0 0 0 DIANE G MEDINA SECRETARY, DIRECTOR 1.00 X X 0 0 0 SUSAN M WEGLEITNER TREASURER, DIRECTOR 1.00 X X 0 0 0 CHARLES F ADAMS DIRECTOR 1.00 X 0 0 0 WILLIAM H AHMANSON DIRECTOR 1.00 X 0 0 0 JILL C BALDAUF DIRECTOR 1.00 X 0 0 0 SUSAN E BAUMGARTEN DIRECTOR 1.00 X 0 0 0 PHOEBE BEASLEY DIRECTOR 1.00 X 0 0 0 THOMAS L BECKMEN DIRECTOR 1.00 X 0 0 0 KRISTIN BURR DIRECTOR 1.00 X 0 0 0 DANNIELLE CAMPOS DIRECTOR 1.00 X 0 0 0 ELIZABETH KHURI CHANDLER DIRECTOR 1.00 X 0 0 0 AMY R FORBES DIRECTOR 1.00 X 0 0 0 GREG T GEYER DIRECTOR 1.00 X 0 0 0 JOAN E HERMAN DIRECTOR 1.00 X 0 0 0 JEFFREY M HILL DIRECTOR 1.00 X 0 0 0 JONATHAN B HODGE DIRECTOR 1.00 X 0 0 0 MARY ANN HUNT-JACOBSEN DIRECTOR 1.00 X 0 0 0 CARL JORDAN DIRECTOR 1.00 X 0 0 0 RICHARD B KENDALL DIRECTOR 1.00 X 0 0 0 TERRI M KOHL DIRECTOR 1.00 X 0 0 0 LILY LEE DIRECTOR 1.00 X 0 0 0 CARY J LEFTON DIRECTOR 1.00 X 0 0 0 KEITH R LEONARD JR DIRECTOR 1.00 X 0 0 0 DAVID B LIPPMAN DIRECTOR (THRU 3/14/24) 1.00 X 0 0 0 KELSEY N MARTIN DIRECTOR 1.00 X 0 0 0 SUSAN M MATT DIRECTOR 1.00 X 0 0 0 ELIZABETH MICHELSON DIRECTOR 1.00 X 0 0 0 DARRELL D MILLER DIRECTOR 1.00 X 0 0 0 TERESITA NOTKIN DIRECTOR 1.00 X 0 0 0 MICHAEL J PAGANO DIRECTOR 1.00 X 0 0 0 CYNTHIA M PATTON DIRECTOR 1.00 X 0 0 0 KAREN KAY PLATT DIRECTOR 1.00 X 0 0 0 JOSEPH J RICE DIRECTOR 1.00 X 0 0 0 MELISSA ROMAIN DIRECTOR 1.00 X 0 0 0 BEVERLY P RYDER DIRECTOR 1.00 X 0 0 0 MARIA S SALINAS DIRECTOR 1.00 X 0 0 0 CORINNE JESSIE SANCHEZ DIRECTOR 1.00 X 0 0 0 MIMI SONG DIRECTOR 1.00 X 0 0 0 MATTHEW J SPENCE DIRECTOR (THRU 7/14/23) 1.00 X 0 0 0 JOHNESE SPISSO DIRECTOR 1.00 X 0 0 0 MICHAEL STOCKTON DIRECTOR 1.00 X 0 0 0 PHILIP A SWAN DIRECTOR 1.00 X 0 0 0 TIMOTHY S WAHL DIRECTOR 1.00 X 0 0 0 JENNIFER M WALSKE DIRECTOR 1.00 X 0 0 0 JAY S WINTROB DIRECTOR 1.00 X 0 0 0 WILLIAM TAYLOR SR. VP FIN/CFO & ASST. TREAS. 35.00 X 288545 0 25054 HOWARD SHERMAN EXECUTIVE VP, COO 35.00 X 391666 0 97857 MARY J RAMIREZ EXECUTIVE VP OF TMC ARTS 35.00 X 272138 0 44767 VALENTINE GELMAN SR. VP DEVELOPMENT 35.00 X 222325 0 33269 KEITH MCTAGUE DIR. BUILDING SERVICES 44.00 X 209550 0 38728 BONNIE GOODMAN SR. VP MARKETING 35.00 X 294281 0 24758 SHELBY BOAGNI SR. VP OF PEOPLE & CULTURE 35.00 X 266064 0 13815 RYAN LEBETSAMER STAGE HEAD 35.00 X 201082 0 61366 CHERYL BROWN VP ADVANCEMENT 35.00 X 205266 0 35686 JULIA DIAMOND VP TMC ARTS 35.00 X 183825 0 22530 3516099 0 474292 66 0 1 0 PNG BUILDERS 2392 S BATEMAN AVE IRWINDALE CA 91010 CONSTRUCTION 3706908 ABM ONSITE SERVICES-WEST INC 14141 SOUTHWEST FREEWAY SUITE 400 SUGAR LAND TX 77478 HOUSEKEEPING 3588978 LEVY RESTAURANTS 135 N GRAND AVE 5TH FLOOR LOS ANGELES CA 90012 CATERING 1498461 SM ADVERTISING AGENCY LLC 3746 FOOTHILL BLVD 414 GLENDALE CA 91214 ADVERTISING 1262802 CDK PRODUCTIONS INC 2653 CHARL PL LOS ANGELES CA 90046 PRODUCTION 873616 55 298597 2321979 8252889 161079 10873465 REIMB. BY LA COUNTY 900099 33228459 33228459 EDUCATION, PROGRAMMING 900099 5945034 5945034 REIMB. BY SUBLICENSEES 900099 4745404 4745404 THEATER RENTS 900099 3847993 3847993 FACILITY FEES 900099 2501433 2501433 269906 269906 50538229 2693566 2693566 1842 1842 770 770 773865 79825 0 0 773865 79825 853690 853690 158298 161886 -3588 -3588 -3588 113953 298597 113953 0 RESTAURANT & CATERING 900099 1570191 1570191 CONCESSIONS 900099 98805 98805 1668996 66626970 53060915 0 2692590 716948 716948 126136 126136 2550849 747470 1719113 84266 28019370 24401294 1610217 2007859 1919484 1703134 113760 102590 3366131 2674422 152285 539424 2249915 1919436 153677 176802 433795 149127 284668 171180 171180 208420 208420 2807085 2077737 465317 264031 1323232 1298570 770 23892 1746527 1007406 387425 351696 499927 343451 140191 16285 5239 5239 514184 448546 46688 18950 236308 55942 167487 12879 638311 636278 954 1079 680153 642824 31130 6199 1539583 1389718 148265 1600 MAINTENANCE 11186458 11112218 56091 18149 PRODUCTION - ARTIST FEE 3961550 3961550 0 0 CAPITAL PURCHASE 2172546 2163246 0 9300 PRODUCTION RELATED 2081184 2077290 0 3894 3170567 2791647 180851 198069 72325082 62449629 5830069 4045384 39521 30564 16813638 14929303 33230539 28816235 4342714 3956062 1042767 1368984 3416566 2628548 791022 788018 38275742 42316159 42466972 44402255 137002915 136607580 8022390 7591395 6868325 7910027 17002432 16191326 6351314 6053497 38244461 37746245 X 11135983 14613112 87622471 84248223 98758454 98861335 137002915 136607580 X -5698112 4040469 1760524 X 0 1 X 1 0 X 21828450 42245314 28511188 11560948 10873465 115019365 4915362 4610739 5488930 6291631 6226406 27533068 26743812 46856053 34000118 17852579 17099871 142552433 28555646 113996787 2663734 1453483 1844281 2992798 3549868 12504164 1755957 180506 950131 1496678 1668996 6052268 161108865 213092513 0.70760 0.74910 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 11,414. 2020 AMOUNT: $ 8,073. 2021 AMOUNT: $ 1,314. 2022 AMOUNT: $ 2,282. RESTAURANT CATERING - 2019 AMOUNT: $ 1,598,203. 2020 AMOUNT: $ 102,134. 2021 AMOUNT: $ 893,098. 2022 AMOUNT: $ 1,416,793. 2023 AMOUNT: $ 1,570,191. CONCESSIONS - 2019 AMOUNT: $ 146,340. 2020 AMOUNT: $ 70,299. 2021 AMOUNT: $ 55,719. 2022 AMOUNT: $ 77,603. 2023 AMOUNT: $ 98,805. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 2331329 2155699 175630 1085237 472849 612388 788018 UNITIZED FUND OF INVESTMENTS OPERATED BY THE MUSIC CENTER FOUNDATION 42316159 F 42316159 BENEFICIAL INTEREST IN TRUST 40043064 CONTRACT ACQUISITION COSTS 4359191 44402255 LOANS PAYABLE 3000000 LIABILITY FOR PENSION BENEFITS 1769028 DUE TO RESIDENT COMPANIES 653255 DEPOSITS 514062 CAPITAL LEASE OBLIGATION 59385 BONDS PAYABLE 57767 6053497 X 78654369 4040469 6226406 2079389 12346264 66308105 318865 318865 66626970 78551488 6226406 6226406 72325082 0 72325082 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY CULTURAL INSTITUTIONS, ART OBJECTS PURCHASED BY OR DONATED TO TMC ARE NOT INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION. TMC'S COLLECTION CONSISTS OF ART OBJECTS THAT ARE ON EXHIBITION. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR IN TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. ITEMS IN THE COLLECTION INCLUDE: PAINTINGS, PRINTS, SCULPTURES, FURNITURE, MUSICAL ITEMS, AND TEXTILES. PART X, LINE 2: TMC IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701(D). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN ITS FINANCIAL STATEMENTS. TMC RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE AMOUNT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED, AS APPROPRIATE, FOR CHANGES IN FACTS AND CIRCUMSTANCES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTERESTS 1,556,648. SFAS 158 COMPREHENSIVE INCOME RELATED TO PENSION OBLIGATION 522,741. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PROMISES TO GIVE 318,865. X X X X X X X 1 THEATER DIRECT INC 4213 WEST BURBANK BLVD BURBANK CA 91505 TELEMARKETING 0 77634 29420 48214 CREATIVE FUNDRAISING ADVISORS 1041 GRAND AVE SUITE 225 ST PAUL MN 55105 CAMPAIGN STRATEGY AND PLANNING 0 0 180000 -180000 77634 209420 -131786 CA SPOTLIGHT GALA 226750 114547 112203 9503 74318 2166 26216 BIRTHDAY BASH 185800 184050 1750 1750 412550 298597 113953 9503 74318 2166 27966 113953 0 1 LOS ANGELES MASTER CHORALE 135 NORTH GRAND AVE LOS ANGELES CA 90012 952315682 501(C)3 90821 0 N/A N/A GENERAL OPERATION ASSISTANCE AND GRANT LOS ANGELES OPERA COMPANY 135 NORTH GRAND AVE LOS ANGELES CA 90012 952096402 501(C)3 182025 0 N/A N/A GENERAL OPERATION ASSISTANCE AND GRANT LOS ANGELES PHILHARMONIC ASSOCIATION 151 SOUTH GRAND AVE LOS ANGELES CA 90012 951696734 501(C)3 182025 0 N/A N/A GENERAL OPERATION ASSISTANCE AND GRANT CENTER THEATRE GROUP 135 NORTH GRAND AVE LOS ANGELES CA 90012 952466183 501(C)3 262077 0 N/A N/A GENERAL OPERATION ASSISTANCE AND GRANT 4 0 SPOTLIGHT AWARDS - AWARDS AND SCHOLARSHIPS FOR HIGH SCHOOL PERFORMING AND VISUAL ARTISTS 170 126136 0 N/A N/A PART I, LINE 2: TMC REGULARLY REVIEWS THE FINANCIAL STATEMENTS OF ITS RESIDENT COMPANIES. X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 RACHEL S MOORE PRESIDENT AND CEO 744094 0 225000 0 12263 0 60026 0 16436 0 1057819 0 0 0 HOWARD SHERMAN EXECUTIVE VP, COO 391224 0 0 0 442 0 89284 0 8573 0 489523 0 0 0 BONNIE GOODMAN SR. VP MARKETING 293839 0 0 0 442 0 11923 0 12835 0 319039 0 0 0 MARY J RAMIREZ EXECUTIVE VP OF TMC ARTS 271303 0 0 0 835 0 17860 0 26907 0 316905 0 0 0 WILLIAM TAYLOR SR. VP FIN/CFO & ASST. TREAS. 287190 0 0 0 1355 0 11167 0 13887 0 313599 0 0 0 SHELBY BOAGNI SR. VP OF PEOPLE & CULTURE 265776 0 0 0 288 0 10750 0 3065 0 279879 0 0 0 RYAN LEBETSAMER STAGE HEAD 201082 0 0 0 0 0 32120 0 29246 0 262448 0 0 0 VALENTINE GELMAN SR. VP DEVELOPMENT 222182 0 0 0 143 0 6885 0 26384 0 255594 0 0 0 KEITH MCTAGUE DIR. BUILDING SERVICES 209550 0 0 0 0 0 20203 0 18525 0 248278 0 0 0 CHERYL BROWN VP ADVANCEMENT 180102 0 25000 0 164 0 15193 0 20493 0 240952 0 0 0 JULIA DIAMOND VP TMC ARTS 183758 0 0 0 67 0 7602 0 14928 0 206355 0 0 0 PART I, LINE 1A THE NONTAXABLE BENEFITS FOR SOME OF THE INDIVIDUALS COVERED BY COLLECTIVE BARGAINING AGREEMENTS INCLUDE UNION HEALTH AND WELFARE, RETIREMENT AND PENSION CONTRIBUTIONS. PART I, LINE 4B RACHEL MOORE PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). IN 2023, CONTRIBUTIONS TO THE PLAN WERE MADE IN THE AMOUNT OF $48,286. PART I, LINE 7 BONUSES WERE PAID DURING THE YEAR AND ARE DISCRETIONARY IN NATURE. A CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK 630304653 13034AK66 2020-09-30 19901658 (SEE PART VI FOR DESCRIPTION) 0 0 0 A 2115000 19901658 398033 19503625 1 0 0 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 0 0 0 1 A 1 SCHEDULE K, PART I LINE A(F): BONDS WERE ISSUED TO CURRENT REFUND 2007 BONDS (ISSUED ON MAY 23, 2007) AND TO PAY COSTS OF ISSUANCE. SCHEDULE K, PART III LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.1414(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. TMC HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART IV LINE 2B: THE BONDS HAVE MET THE 6-MONTH EXCEPTION TO THE REBATE REQUIREMENT. X 17 161079 AVG. ON DATE DONATED 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPRESENTS NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE FOLLOWING ENTITIES SHALL HAVE THE RIGHT TO DESIGNATE ITS UNCOMPENSATED VOLUNTEER PRESIDENT, CHAIR, VICE CHAIR OR EQUIVALENT OFFICER AS A DIRECTOR OF TMC: - CENTER THEATRE GROUP OF LOS ANGELES - LOS ANGELES OPERA - BLUE RIBBON - MUSIC CENTER LEADERSHIP COUNCIL - LOS ANGELES MASTER CHORALE ASSOCIATION - LOS ANGELES PHILHARMONIC ASSOCIATION - THE MUSIC CENTER FOUNDATION - CENTER DANCE ARTS FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS OF TMC ("BOARD") HAS DELEGATED THE AUTHORITY TO THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE FORM 990. ONCE APPROVED, IT IS MADE AVAILABLE TO THE REMAINDER OF THE BOARD FOR A COMMENT PERIOD PRIOR TO THE FORM BEING ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURES ARE REQUIRED FOR OFFICERS, DIRECTORS, AND KEY EMPLOYEES. DISCLOSURES FOR DIRECTORS ARE SUMMARIZED AND REVIEWED BY THE CHAIR OF THE BOARD. DISCLOSURES FOR OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER. IF A CONFLICT EXISTS AT THE DIRECTOR LEVEL, THE DIRECTOR IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. IF POTENTIAL CONFLICTS ARISE AT THE OFFICER OR KEY EMPLOYEE LEVEL, THE TRANSACTION WOULD BE REVIEWED BY LEGAL COUNSEL AND THE RELEVANT BOARD COMMITTEE TO DETERMINE RESTRICTIONS. FORM 990, PART VI, SECTION B, LINE 15 PURSUANT TO THE BYLAWS, THE COMMPENSATION COMMITTEE IS AUTHORIZED TO DETERMINE THE COMPENSATION OF THE PRESIDENT AND CEO, CFO, AND SUCH OTHER OFFICERS OF THE CORPORATION AS THE COMPENSATION COMMITTEE DETERMINES APPROPRIATE OR AS DIRECTED BY THE BOARD, ANNUALLY AND WHENEVER A MODIFICATION IN COMPENSATION IS PROPOSED. AFTER A THOROUGH REVIEW OF HIS/HER PERFORMANCE, COMPENSATION OF EXECUTIVES AT OTHER ARTS ORGANIZATIONS, AND OTHER FACTORS, THE COMMITTEE APPROVES THE PRESIDENT AND CEO, CFO, AND SUCH OTHER OFFICERS' COMPENSATION. THE CEO REVIEWS AND APPROVES THE COMPENSATION OF ALL OTHER OFFICERS AND KEY EMPLOYEES NOT REVIEWED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, INFORMATIONAL RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS 1,556,648. SFAS 158 COMPREHENSIVE INCOME RELATED TO PENSION OBLIGATION 522,741. LOSS ON UNCOLLECTIBLE PROMISES TO GIVE -318,865. THE MUSIC CENTER OF LOS ANGELES COUNTY INC 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 954859278 INACTIVE CA PERFORMING ARTS CENTER OF LOS ANGELES COUNTY C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0