2018-08-03T08:53:32-05:00 2017-09-30 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2016-10-01 593524613 Tampa Bay Performing Arts Center Foundation Inc TAMP 8132221044 1010 North WC Macinnes Place Tampa FL 33602 Judith Lisi CEO 8132221044 2018-07-30 1 Amanda Adams P00748038 7043771678 2016 2022-09-23 18:48:47Z JUDITH LISI 1010 North WC Macinnes Place Tampa FL 33602 8945896 0 X n/a X 1997 FL SEE SCHEDULE O. 18 17 0 16 0 0 565520 733142 0 0 2492435 1911720 0 0 3057955 2644862 1540033 2928554 0 0 0 0 0 0 99673 621958 669893 2161991 3598447 895964 -953585 41504716 39531834 3890044 1571907 37614672 37959927 X See Schedule O 0 0 2928554 2928554 In fiscal year 2016/2017, 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 2016/2017 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:661 donors have contributed to the STRAZ Center endowment, ensuring that our programs will impact Tampa Bay in perpetuity.$63 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 2017, $1.3 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.Artistic Excellence - Last year, more than 600,000 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. In May, the Straz Center is excited to bring the acclaimed ballet powerhouse Ballet Nacional de Cuba to Moasani Hall.Opera Tampa - In addition to the powerful mainstage productions that take place at the Straz Center each year, the demand for the Opera Tampa Singers educational outreach programs has increased more than 56% in the past five seasons. In 2017, the Opera Tampa singers educated and inspired more than 8,600 students, teachers, families and seniors in more than 50 locations inluding schools, senior centers, hospitals and public areas throughout Tampa Bay.Arts Education - The Straz Center continues its commitment to teaching and arts education on our stages, in our classrooms and out in our community. The Straz Center's field trip program is the longest running arts education program. Since 1987, more than 1 million Tampa Bay children have attended educational, school day performances at the Straz Center. In 2017, 1,746 students of all ages took classes during the school year and attended summer camps at the Patel Conservatory, discovering their creative potential through dance, music and theater.Outreach - In 2017, the Straz Center served 35 partnering schools and agnecies and over 5,000 students through our community partnership program. Of those participating students, 2,250 experienced their first professional performance.In one instance, students from disadvantaged elementary and high schools participated in a 10-week, intergenerational learning project that partnered them wirh teaching artists and neighborhood senior citizens to explore what it means to grow up.Themed on the story of Peter Pan and Neverland, the project focused on the creation and performance of vignette stories that explore different generational experiences, including those reflected by the seniors' own lives.The project culminated with students, seniors and teachers together attending the Broadway touring production of Finding Neverland at the Straz Center.Scholarships - Scholarships enabled students, expecially those who otherwise would be unable to participate, to enroll in 506 classes and camps at the Patel Conservatory in 2017. Nearly $306,000 in need-based and merit scholarships was awarded to students in grades K-12 to pursue training in their area of interest.Ticket Subsidies - Our Operation Tickets Program provides subsidized tickets to more than 2,200 students from participating schools, including a majority of Title I schools, to attend more than 40 different Straz Center performances related to their classroom studies. One group traveled to the Straz Center from Pasco County to see a performance of Wicked. It was the first professional live performance they had seen. The Rachl Lisi Ticket Subsidy Fund aided low-inome and underserved individuals and fiamilies through subsidized tickets to performances.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. 2928554 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 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 don wallace 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 628357 168954 lorrin shepard coo (center) 8.00 40.00 X 0 204309 22360 mary beth rossi cfo (center) 8.00 40.00 X 0 230713 22246 Julie Britton VP Development (Center) 8.00 40.00 X 0 159463 17153 0 1222842 230713 0 0 1 0 Tampa Bay Performing Arts Center 1010 North WC Macinnes Place Tampa FL 33602 Administrative Services 314708 Merrill Lynch 101 E Kennedy Blvd Tampa FL 33602 Investment Management Services 165899 2 733142 75574 733142 776121 776121 7436633 6301034 1135599 1135599 1135599 2644862 0 0 1911720 X 2928554 2928554 209408 209408 398378 333630 64748 4190 3862 328 1226 1226 23320 23320 33371 33371 3598447 2928554 570220 99673 98118 99074 1009318 835134 10475231 9130663 9000 8000 28556742 28132457 544328 494661 811979 831845 41504716 39531834 92067 73902 1240284 876171 2557693 621834 3890044 1571907 X 8942824 9238559 283105 925960 28388743 27795408 37614672 37959927 41504716 39531834 X -953585 1247615 51225 X 0 1 X 1 0 X X 1 tampa bay performing arts center inc 592037085 7 1 2928554 0 1 2928554 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Part IV, Section C, Line 1: Fifty-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. 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 2016 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23396345 1534812 2190532 7531156 19590533 21106198 1713956 2729003 2152812 23396345 22807304 1428800 188797 3318703 21106198 21939129 807398 2686319 2625542 22807304 18946524 1715119 2878184 1600698 21939129 0.00000 0.95280 0.04720 1 0 0 DUE TO TAMPA BAY PERFORMING ARTS CENTER 621834 621834 X 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. Part X, Line 2: The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code. Management has evaluated the effect of the guidance provided by U.S. GAAP on Accounting for Uncertainty in Income Taxes. Management believes that the Organization continues to satisfy the requirements of a tax-exempt organization as of September 30, 2017. 1 tampa bay performing arts center inc 1010 n wc macinnes place tampa FL 33602 592037085 501(c)(3) 2928554 Donor Designated Programs General Programming and Capital Project Support 1 0 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 0 0 0 0 0 0 0 0 JUDith lisi CEo (center) 0 396581 0 196962 0 34814 0 21200 0 147754 0 797311 0 0 lorrin shepard coo (center) 0 152222 0 17500 0 34587 0 14928 0 7432 0 226669 0 0 mary beth rossi cfo (center) 0 181997 0 17500 0 31216 0 17022 0 5224 0 252959 0 0 Julie Britton VP Development (Center) 0 111617 0 15000 0 32846 0 11544 0 5609 0 176616 0 0 PART I, LINE 4B: THE 2016 CONTRIBUTION TO JUDITH LISI'S EMPLOYEE BENEFIT PLAN INCLUDES DEFERRED COMPENSATION OF $137,435. SCHEDULE J, PART II: 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. X 1 75574 FMV 0 1 0 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 20,524. Fundraising expenses 64,748. Total expenses 85,272. CENTER ADMIN FEES: Program service expenses 0. Management and general expenses 313,106. Fundraising expenses 0. Total expenses 313,106. Form 990, Part XI, line 9: Change in value of beneficial interest 51,225. 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