2016-11-12T17:15:28-06:00 2015-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2015-01-01 455316035 WORLD TRADE CENTER PERFORMING ARTS CENTER INC WORL 2122663000 ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 DAVID LANGFORD COO 2123128800 2016-11-12 1 GARRETT M HIGGINS P00543209 2122862600 2016-11-08 2015 2017-02-10 21:41:12Z PERFORMING ARTS CENTER AT THE WORLD TRADE CENTER DAVID LANGFORD ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 1041733 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. 8 8 3 12 0 0 454676 1041733 0 0 0 0 0 0 454676 1041733 0 0 0 0 549565 649630 67500 70000 106610 487868 429540 1104933 1149170 -650257 -107437 2798450 3468709 1565620 2625666 1232830 843043 X 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 PRESENTING THEATER, DANCE, MUSIC, AND FILM FROM AMERICA AND AROUND THE WORLD. 0 0 890989 DURING 2015, THE PAC FOCUSED ON BUILDING OUT THE DESIGN TEAM FOR THE PAC BUILDING. THE PAC SELECTED REX ARCHITECTURE AS DESIGN ARCHITECT. REX WAS SELECTED THROUGH A RIGOROUS INVITATION PROCESS FOCUSING ON ARCHITECTURAL FIRMS THAT HAD PREVIOUSLY DESIGNED CELEBRATED PERFORMING ARTS HOUSES. THE THREE FINALISTS WERE: HENNING LARSEN (DENMARK), UNSTUDIO (THE NETHERLANDS), AND REX (UNITED STATES). REX IS AN INTERNATIONALLY ACCLAIMED ARCHITECTURE AND DESIGN FIRM IN BROOKLYN, NEW YORK. SEMINAL PROJECTS INCLUDE THE DEE AND CHARLES WYLY THEATRE IN DALLAS, TEXAS, THE VAKKO FASHION CENTER AND POSER MEDIA CENTER IN ISTANBUL, TURKEY, AND THE SEATTLE CENTRAL LIBRARY. REX IS LED BY JOSHUA PRINCE-RAMUS WHO WAS THE FOUNDING PARTNER AND PRINCIPAL OF OMA NEW YORK, UNTIL HE REBRANDED THE FIRM AS REX IN 2006. THE PAC ALSO SELECTED DAVIS BRODY BOND AS EXECUTIVE ARCHITECT. DAVIS BRODY BOND, FOUNDED IN NEW YORK IN 1952, IS ACCLAIMED FOR THEIR WORK IN UNIVERSITIES, HOUSING, CORPORATE OFFICES, INDUSTRIAL AND INSTITUTIONAL BUILDINGS. MORE NOTED PROJECTS INCLUDE AN ADDITION AND RESTORATION OF THE NEW YORK PUBLIC LIBRARY, RESEARCH FACILITIES FOR COLOMBIA AND PRINCETON UNIVERSITIES, AND THE NATIONAL SEPTEMBER 11 MEMORIAL AND MUSEUM AT THE WORLD TRADE CENTER.LASTLY, THE PAC SELECTED CHARCOALBLUE AS THEATER DESIGN CONSULTANT. CHARCOALBLUE WAS FOUNDED IN 2004 IN LONDON, HAVING SINCE GROWN TO INCLUDE THREE ADDITIONAL STUDIOS IN BRISTOL, ENGLAND, NEW YORK CITY AND MELBOURNE, AUSTRALIA. CHARCOALBLUE HAS BECOME THE THEATER CONSULTANT OF CHOICE FOR MANY OF THE WORLD'S LEADING ARCHITECTS AND THEATER COMPANIES. THEIR WORK INCLUDES WORLD-FAMOUS COMPANIES LIKE THE ROYAL SHAKESPEARE COMPANY, THE ROYAL NATIONAL THEATRE AND GLYNDEBOURNE FESTIVAL OPERA TO CUTTING EDGE OUTFITS SUCH AS SIOBHAN DAVIES DANCE, GRAEAE AND ST. ANN'S WAREHOUSE IN BROOKLYN, NEW YORK.THE PAC ENGAGED A PORTION OF THE DESIGN TEAM TO PERFORM A DESIGN STUDY FOR THE PAC'S PUBLIC FUNDERS. AS THE STUDY ACHIEVED ITS GOALS, THE PAC'S PUBLIC FUNDERS APPROVED $10 MILLION OF FUNDING TOWARD THE PAC DESIGN TO BEGIN IN EARLY 2016. 890989 1 1 0 0 0 0 0 0 0 0 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 5 0 3 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY X X DAVID LANGFORD 2122663000 ONE LIBERTY PLAZA 20TH FL NEW YORK NY 10006 LARRY A SILVERSTEIN INTERIM CHAIRMAN 5.00 X X 0 0 0 DOMINIC CASSERLEY DIRECTOR 1.00 X 0 0 0 STEPHEN DALDRY DIRECTOR 1.00 X 0 0 0 CHRISTINE A FERER 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 ZENIA MUCHA DIRECTOR 1.00 X 0 0 0 SUSAN STROMAN DIRECTOR 1.00 X 0 0 0 JOHN E ZUCCOTTI CHAIRMAN UNTIL NOVEMBER 2015 5.00 X 0 0 0 MAGGIE BOEPPLE PRESIDENT 40.00 X 234286 0 11077 DAVID LANGFORD COO/TREASURER 40.00 X 234294 0 31759 468580 0 42836 2 0 1 0 0 506723 535010 1041733 1041733 0 0 0 X 511416 409133 89498 12785 30139 12716 6874 10549 32575 26060 4436 2079 40434 32347 5621 2466 35066 27001 6312 1753 4603 3452 1151 24599 20909 3198 492 70000 70000 194235 186502 7733 7146 3242 1329 2575 31257 26572 4061 624 25703 21846 3342 515 29224 24841 3799 584 3406 3406 83482 70960 10852 1670 25885 22002 3365 518 1149170 890989 151571 106610 65914 543826 1663172 1072611 14141 17273 474908 89119 17241 385789 1037982 1449210 2798450 3468709 406350 368023 500000 1159270 1757643 1565620 2625666 X -84803 -192240 1317633 1035283 1232830 843043 2798450 3468709 X -107437 -282350 X X 0 1 X 1 0 X 257742 1041943 454676 1041733 2796094 257742 1041943 454676 1041733 2796094 1020894 1775200 2796094 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 404344 70480 333864 70564 18639 51925 385789 CONSTRUCTION IN PROGRESS 1449210 1449210 DUE TO NATIONAL SEPTEMBER 11 MEMORIAL AND MUSEUM 1500976 DEFERRED RENT 256667 1757643 X 1074703 32970 32970 1041733 0 1041733 1464490 32970 282350 315320 1149170 0 1149170 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 2012. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMORTIZATION OF DONATED OFFICE SPACE 282,350. X X 1 COMMUNITY COUNSELLING SERVICE CO LLC 461 FIFTH AVENUE - 3RD FLOOR NEW YORK NY 10017 CAMPAIGN MANAGEMENT 0 0 70000 -70000 70000 -70000 NY SCHEDULE G, PART I, LINE 2B, COLUMN (V) TOTAL FEE PER CONTRACT IS $105,000 PLUS REIMBURSABLE EXPENDITURES. SERVICE FEE IS PAYABLE IN THREE INSTALLMENTS OF $35,000. TOTAL FEES OF $70,000 WERE PAID TO CCS DURING CALENDAR YEAR 2015. X X X 0 0 0 0 0 0 0 0 0 MAGGIE BOEPPLE PRESIDENT 231619 0 0 0 2667 0 8999 0 2078 0 245363 0 0 0 DAVID LANGFORD COO/TREASURER 233811 0 0 0 483 0 8999 0 22760 0 266053 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO SUCH COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 WAS REVIEWED AND APPROVED BY THE TREASURER AND PRESIDENT, AND THEN PROVIDED ELECTRONICALLY TO THE BOARD PRIOR TO FILING. THE BOARD WAS PROVIDED AN OPPORTUNITY TO ASK QUESTIONS AND ALL WERE SATISFACTORILY ANSWERED. 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 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 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 2012. 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 186,502. MANAGEMENT AND GENERAL EXPENSES 7,733. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 194,235. FORM 990, PART XI, LINE 9: AMORTIZATION OF DONATED OFFICE SPACE -282,350. FORM 990, PART XII, LINE 2C: AS IN PRIOR YEAR, THE BOARD OF DIRECTORS OF THE ORGANZIATION ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE AUDIT COMMITTEE WAS FORMED IN 2016 AND WILL ASSUME RESPONSIBILITY PROSPECTIVELY.