2018-11-14T09:09:15-06:00 2017-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2017-01-01 455316035 WORLD TRADE CENTER PERFORMING ARTS CENTER INC WORL 2122663000 ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 DAVID LANGFORD COO 2123128800 2018-11-14 1 GARRETT M HIGGINS P00543209 2122862600 2018-11-14 4.15.211.182 2018-11-14 08:57:14 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 76A25249E5E94ADAA4B6AEE04382CED6247CFD88 2017 2019-02-21 02:37:17Z THE PERELMAN CENTER DAVID LANGFORD ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 74923967 0 X HTTP://PACWTC.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. 20 20 3 30 0 0 5949608 74823967 0 0 0 0 0 100000 5949608 74923967 0 0 0 0 631671 947937 385000 178000 274923 560120 1102722 1576791 2228659 4372817 72695308 10287131 81201611 5353621 3855143 4933510 77346468 THE PAC WILL CREATE 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 1610783 IN 2017, THE PAC DESIGN TEAM (REX, CHARCOALBLUE AND DAVIS BRODY BOND) COMPLETED SCHEMATIC DESIGN AND BOARD APPROVED IN THE SPRING ADVANCING THEN INTO DESIGN DEVELOPMENT. A PUBLIC PROCUREMENT PROCESS WAS UNDERTAKEN FOR CONSTRUCTION MANAGEMENT SERVICES, WHICH LED TO SCIAME CONSTRUCTION BEING SELECTED BY THE PAC BOARD. PROJECT MANAGEMENT AND DESIGN COSTS OF $14,109,867 WERE INCURRED IN 2017 AND CAPITALIZED AS CONSTRUCTION IN PROGRESS. THE BOARD EXPANDED TO 20 MEMBERS BY END OF THE YEAR TO MAINTAIN FUNDRAISING MOMENTUM FOR 2018 AND BEYOND. 1610783 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 0 0 0 0 0 0 0 0 0 1 37 0 3 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X DAVID LANGFORD 2122663000 ONE LIBERTY PLAZA 29TH FL NEW YORK NY 10006 BARBRA STREISAND CHAIR 0.25 X X 0 0 0 PETER DARROW VICE-CHAIR 5.00 X X 0 0 0 CHRISTINE TAYLOR SECRETARY 1.00 X X 0 0 0 DOMINIC CASSERLEY TREASURER 1.00 X X 0 0 0 FRANK BISIGNANO DIRECTOR 1.00 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 1.00 X 0 0 0 DAVID EARLS DIRECTOR 1.00 X 0 0 0 ARI EMANUEL DIRECTOR 1.00 X 0 0 0 HAROLD FORD JR DIRECTOR 1.00 X 0 0 0 ALICIA GLEN DIRECTOR 1.00 X 0 0 0 PATRICIA E HARRIS DIRECTOR 1.00 X 0 0 0 PAULA LAWRENCE DIRECTOR 1.00 X 0 0 0 ZENIA MUCHA DIRECTOR 1.00 X 0 0 0 RONALD O PERELMAN DIRECTOR 1.00 X 0 0 0 SCOTT RECHLER DIRECTOR 1.00 X 0 0 0 BARRY F SCHWARTZ DIRECTOR 1.00 X 0 0 0 LARRY A SILVERSTEIN DIRECTOR 1.00 X 0 0 0 SUSAN STROMAN DIRECTOR 1.00 X 0 0 0 MAGGIE BOEPPLE PRESIDENT 40.00 X 304295 0 32576 DAVID LANGFORD COO 40.00 X 218431 0 51373 522726 0 83949 2 0 1 0 DAVIS BRODY BOND ONE NEW YORK PLAZA SUITE 4200 NEW YORK NY 10004 ARCHITECTURAL SERVICES 4651427 DBI CONSTRUCTION CONSULTANTS 1261 BROADWAY 9TH FLOOR NEW YORK NEW YORK NY 10001 CONSTRUCTION 2119719 CHARCOALBLUE LLC 150 WEST 28TH STREET SUITE 1504 NEW YORK NY 10001 ARCHITECTURAL SERVICES 1326147 TENEO STRATEGY LLC PO BOX 200299 PITTSBURGH PA 15251 PITTSBURGH PA 15251 STRATEGIC PLANNING 323659 CLARK DOORS LTD 51 RAE STREET DUMFRIES DUMFRIES AND GALL UK DG1 1JD CONSTRUCTION 192190 11 4456698 70367269 74823967 VENDOR CREDITS 900099 100000 100000 100000 74923967 0 0 100000 X 606675 485340 91001 30334 285239 220996 51780 12463 2982 2386 447 149 8636 6909 1295 432 44405 34192 7993 2220 444296 333222 111074 56163 16714 39056 393 178000 178000 350206 343202 7004 102197 50418 5109 46670 42421 36057 5515 849 14822 12599 1927 296 26076 22164 3390 522 6276 6276 32568 17183 13334 2051 27095 23031 3522 542 MISC. ADMIN. EXPENSES 492 492 MEMBERSHIP DUES 110 94 14 2 2228659 1610783 342953 274923 173281 12235224 1774393 46144618 15472 16683 475758 294200 284127 181558 8039858 22623528 10287131 81201611 2665978 2237499 1000000 1687643 1617644 5353621 3855143 X 4180577 32884616 752933 43461852 1000000 4933510 77346468 10287131 81201611 X 72695308 -282350 X X 0 1 X 1 1 1 X 1041943 454676 1041733 5949608 74823967 83311927 1041943 454676 1041733 5949608 74823967 83311927 50010247 33301680 100000 100000 83411927 0.39920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: VENDOR CREDITS - 2017 AMOUNT: $ 100,000. 0 1000000 250000 750000 1.00000 0 0 405194 249942 155252 70564 44258 26306 181558 CONSTRUCTION IN PROGRESS 22623528 22623528 DUE TO NATIONAL SEPTEMBER 11 MEMORIAL AND MUSEUM 1500977 DEFERRED RENT 116667 1617644 X 74923967 0 74923967 0 74923967 2511009 282350 282350 2228659 0 2228659 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 2014. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMORTIZATION OF DONATED OFFICE SPACE 282,350. X X X X 1 CATHY BLANEY AND ASSOCIATES 300 EAST 85TH STREET APT 2502 NEW YORK NY 10028 CAPITAL CAMPAIGN 0 0 110000 0 JP LEXINGTON LLC 30 E END AVENUE 5B NEW YORK NY 10028 CAPITAL CAMPAIGN 0 0 33000 0 COMMUNITY COUNSELING SERVICE CO LLC 461 FIFTH AVENUE- 3RD FLOOR NEW YORK NY 10017 CAPITAL CAMPAIGN 0 0 35000 0 178000 NY X X X X X 0 0 0 0 0 0 0 0 0 MAGGIE BOEPPLE PRESIDENT 299969 0 0 0 4326 0 24795 0 7781 0 336871 0 0 0 DAVID LANGFORD COO 217327 0 0 0 1104 0 22566 0 28807 0 269804 0 0 0 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 COO AND PRESIDENT, 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 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 15A 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 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 EXECUTIVE SEARCH FOR ARTISTIC DIRECTOR/LEADERSHIP CONSULTING: PROGRAM SERVICE EXPENSES 174,288. MANAGEMENT AND GENERAL EXPENSES 3,557. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 177,845. PROGRAM SERVICE CONSULTING: PROGRAM SERVICE EXPENSES 151,786. MANAGEMENT AND GENERAL EXPENSES 3,098. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 154,884. FACILITY & BUSINESS PLANNING: PROGRAM SERVICE EXPENSES 11,273. MANAGEMENT AND GENERAL EXPENSES 230. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,503. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 5,855. MANAGEMENT AND GENERAL EXPENSES 119. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,974. 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.