2016-05-13T13:58:43-05:00 2015-12-31 131610809 FRIEDMAN LLP 2000 MARKET STREET SUITE 500 PHILADELPHIA PA 19103 990 2015-01-01 232721729 WELCOME AMERICA INC WELC 2154850626 1650 MARKET STREET PHILADELPHIA PA 19103 JEFF GUARACINO PRESIDENT & CEO 2156832060 2016-05-10 1 COLLEEN CRANDALL P00961249 2154969200 2016-05-09 2015 2016-12-15 16:53:06Z X JEFF GUARACINO 1650 MARKET STREET PHILADELPHIA PA 19103 2138458 0 X WWW.WELCOMEAMERICA.COM X 1993 PA WELCOME AMERICA INC, THE CITY OF PHILADELPHIA'S OFFICIAL PRODUCER OF THE WELCOME AMERICA FESTIVAL, IS A MULTI DAY FREE FESTIVAL FEATURING THE CELEBRATION OF INDEPENDENCE DAY. WELCOME AMERICA EVENTS ARE FREE TO THE PUBLIC, AND PRODUCED TO ATTRACT VISITORS AND REGION RESIDENTS TO THE CITY FOR THE INDEPENDENCE DAY CELEBRATION, FOSTERING DIRECT AND INDIRECT ECONOMIC ACTIVITY. 1 1 3 100 0 0 2109460 2057533 98300 0 0 0 0 80925 2207760 2138458 0 0 0 0 57712 88919 16977 2934 17191 2004367 1823596 2079056 1915449 128704 223009 195508 187444 1006868 775795 -811360 -588351 X WELCOME AMERICA INC, THE CITY OF PHILADELPHIA'S OFFICIAL PRODUCER OF THE WELCOME AMERICA FESTIVAL, IS A MULTI DAY FREE FESTIVAL FEATURING THE CELEBRATION OF INDEPENDENCE DAY. WELCOME AMERICA EVENTS ARE FREE TO THE PUBLIC, AND PRODUCED TO ATTRACT VISITORS AND REGION RESIDENTS TO THE CITY FOR THE INDEPENDENCE DAY CELEBRATION, FOSTERING DIRECT AND INDIRECT ECONOMIC ACTIVITY.THE WELCOME AMERICA FESTIVAL DRAWS APPROXIMATELY 500,000 TO 1,000,000 PEOPLE TO THE CITY OF PHILADELPHIA OVER THE 8 DAY SCHEDULE. THE SIGNATURE EVENT OF THE FESTIVAL IS JULY 4TH, INDEPENDENCE DAY, BEGINNING WITH THE CELEBRATION OF FREEDOM AND INDEPENDENCE DAY PARADE, BOTH IN THE SHADOW OF INDEPENDENCE HALL. THE AFTERNOON EVENTS INCLUDE THE PARTY ON THE PARKWAY, PHILLY 4TH OF JULY JAM CONCERT, THE LARGEST FREE CONCERT IN AMERICA, AS WELL AS SPECTACULAR FIREWORKS SHOW. 0 0 1791053 0 THE LARGEST PROGRAM OF WELCOME AMERICA, INC. IS THE WELCOME AMERICA FESTIVAL WHICH SERVED 500,000 TO 1,000,000 PEOPLE IN 2015. AN 8 DAY FESTIVAL, SERVING AS THE GREATER PHILADELPHIA REGION'S OFFICIAL CELEBRATION OF THE INDEPENDENCE DAY HOLIDAY. THE PURPOSE OF THIS FESTIVAL IS TO ATTRACT VISITORS FROM THE REGION, MID-ATLANTIC, AND THE ENTIRE UNITED STATES, AS WELL AS INTERNATIONAL VISITORS. THE ATTENDEES OF THE FESTIVAL, OF WHICH ALL EVENTS ARE FREE TO THE PUBLIC, CONTRIBUTE DIRECTLY AND INDIRECTLY TO THE LOCAL ECONOMY THROUGH LODGING, MEALS, PARKING, PURCHASES AND RELATED TAXES. PHILADELPHIA HAS A SIGNIFICANT HOSPITALITY ECONOMY, OF WHICH THE WELCOME AMERICA FESTIVAL IS A MAJOR COMPONENT. 1791053 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 28 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X JEFF GUARACINO 2154850626 1650 MARKET STREET PHILADELPHIA PA 19103 X HON MICHAEL A NUTTER DIRECTOR 1.00 X 0 0 0 MS KAREN A LEWIS DIRECTOR 1.00 X 0 0 0 MS MYRNA TORO DIRECTOR 1.00 X 0 0 0 MS MERYL LEVITZ DIRECTOR 1.00 X 0 0 0 MS DESIREE PETERKIN-BELL VICE CHAIR & EXECUTIVE DIR 10.00 X X 0 0 0 MR ROB DUBOW SECRETARY & TREASURER 1.00 X X 0 0 0 MS CYNTHIA MACLEOD DIRECTOR 1.00 X 0 0 0 MR BERNIE PRAZENICA DIRECTOR 1.00 X 0 0 0 MS AMY NEEDLE DIRECTOR 1.00 X 0 0 0 MR JAMES CUORATO DIRECTOR 1.00 X 0 0 0 MR MARK GALE DIRECTOR 1.00 X 0 0 0 MS LISA WOLLAN DIRECTOR 1.00 X 0 0 0 MR RICHARD NEGRIN DIRECTOR 1.00 X 0 0 0 MR JACK FERGUSON DIRECTOR 1.00 X 0 0 0 MS CHRISTINA KERRIGAN DIRECTOR 1.00 X 0 0 0 MS VALERIE ROBINSON DIRECTOR 1.00 X 0 0 0 MS JODIE MILKMAN DIRECTOR 1.00 X 0 0 0 MS ANTONIA TIMBERG DIRECTOR 1.00 X 0 0 0 MR GARY MARSHALL DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 ESM PRODUCTIONS 1500 JFK BLVD SUITE 600 PHILADELPHIA PA 19102 FESTIVAL PRODUCTION, TALENT FEES AND LAB 521216 LIVE NATION 111 PRESIDENTIAL BLVD SUITE 111 BALA CYNWYD PA 19004 TALENT & PRODUCTION FEES 166174 LIGHTACTION PRODUCTIONS 71 INDUSTRIAL BLVD NEW CASTLE DE 19720 STAGING, LIGHTING, AUDIO, VIDEO 143876 3 650000 1407533 30000 2057533 SERVICE PROVIDER FEES 900099 80925 80925 80925 2138458 0 0 80925 77343 52541 12401 12401 3760 2554 603 603 7816 5310 1253 1253 29082 29082 38765 38765 2934 2934 2034 2034 92115 92115 4201 4201 41831 41831 51359 42493 8866 TALENT AND ENTERTAINMEN 908778 908778 LOCATION AND SET UP 469934 469934 EVENT PRODUCER FEES 107094 107094 ARTIST/SPONSOR HOSPITAL 35930 35930 42473 32473 10000 1915449 1791053 107205 17191 165154 156386 10000 10000 20354 21058 195508 187444 69868 15795 937000 760000 1006868 775795 X -811360 -588351 -811360 -588351 195508 187444 223009 0 X 0 1 X 0 0 X 2037570 1947195 2008543 2109460 2057533 10160301 171844 149060 122511 98300 80925 622640 7305 5920 5920 6016 6800 31961 2216719 2102175 2136974 2213776 2145258 10814902 0 0 0 10814902 2216719 2102175 2136974 2213776 2145258 10814902 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2145258 6800 6800 2138458 0 2138458 1922249 6800 6800 1915449 0 1915449 PART X, LINE 2: MANAGEMENT OF THE ORGANIZATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR UPON EXAMINATION BY TAX AUTHORITIES, INCLUDING CHANGES TO THE ORGANIZATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE ORGANIZATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX, THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION. X 30000 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. AS SOON AS THE DRAFT IS AVAILABLE, A COPY IS FORWARDED TO ALL BOARD MEMBERS WITH A DEADLINE TO REPLY WITH ANY COMMENTS OR QUESTIONS. ONCE THE DEADLINE PASSES AND ALL COMMENTS AND QUESTIONS HAVE BEEN ADDRESSED, THE EXECUTIVE DIRECTOR SIGNS IT AND FILES IT. FORM 990, PART VI, SECTION B, LINE 12C AT THE FIRST BOARD MEETING OF THE YEAR, ALL BOARD MEMBERS RECEIVE A COPY OF THE POLICY AND ARE REQUIRED TO SIGN A COPY WHICH IS HELD AT THE OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST DURING REGULAR BUSINESS HOURS IN ACCORDANCE WITH THE FREEDOM OF INFORMATION ACT.