2016-05-04T10:08:44-05:00 2015-09-30 010720052 MORRISON BROWN ARGIZ & FARRA LLC 1450 BRICKELL AVENUE 18TH FLOOR MIAMI FL 33131 990 2014-10-01 262567808 ADRIENNE ARSHT CENTER FOUNDATION INC ADRI 7864682000 1300 BISCAYNE BOULEVARD MIAMI FL 33132 THOMAS M BERGER VP AND CHIEF FINANCIAL OFFICER 7864682000 2016-04-20 1 DAVID HOLLANDER CPA P00646430 3053735500 2014 2016-08-17 19:52:53Z M JOHN RICHARD 1300 BISCAYNE BOULEVARD MIAMI FL 33132 7791410 0 X WWW.ARSHTCENTER.ORG X 2008 FL PROVIDING CONTINUING OPERATING SUPPORT FOR THE ADRIENNE ARSHT CENTER FOR THE PERFORMING ARTS (A NON-PROFIT ORGANIZATION) BY RAISING PRIVATE SECTOR CONTRIBUTIONS IN ORDER TO HELP THE CENTER PRESENT HIGH-QUALITY PROGRAMMING AND EDUCATIONAL PROGRAMS FOR SOUTH FLORIDA'S DIVERSE COMMUNITY. 7 7 2 0 0 0 3771826 6852176 0 0 0 0 632170 174248 4403996 7026424 4067478 2479074 0 0 445426 546012 0 0 459297 257650 187726 4770554 3212812 -366558 3813612 1530725 5490357 353841 488646 1176884 5001711 X PROVIDING CONTINUING OPERATING SUPPORT FOR THE ADRIENNE ARSHT CENTER FOR THE PERFORMING ARTS (A NON-PROFIT ORGANIZATION) BY RAISING PRIVATE SECTOR CONTRIBUTIONS IN ORDER TO HELP THE CENTER PRESENT HIGH-QUALITY PROGRAMMING AND EDUCATIONAL PROGRAMS FOR SOUTH FLORIDA'S DIVERSE COMMUNITY. 0 0 2626710 2479074 ADRIENNE ARSHT CENTER FOUNDATION, INC. (THE "FOUNDATION") IS A 501(C)(3) NON-PROFIT CORPORATION INCORPORATED ON APRIL 29, 2008 UNDER THE LAWS OF THE STATE OF FLORIDA. THE FOUNDATION WAS ESTABLISHED FOR THE PURPOSE OF RAISING PRIVATE CONTRIBUTIONS OF FUNDS AND IN-KIND GIFTS FOR THE PERFORMING ARTS CENTER TRUST, INC. (THE "TRUST"), A FLORIDA NON-FOR-PROFIT CORPORATION. DURING THE YEAR ENDED SEPTEMBER 30, 2015, THE FOUNDATION CONTRIBUTED APPROXIMATELY $2,479,074 TO THE TRUST TO FUND BUDGETED EXPENSES. 2626710 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 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 2 0 0 0 0 0 0 1 1 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X THOMAS M BERGER VP AND CHIEF FINA 7864682000 1300 BISCAYNE BOULEVARD MIAMI FL 33132 RICHARD SCHATZ CHAIR 1.00 X X 0 0 0 RONALD ESSERMAN DIRECTOR 1.00 X 0 0 0 DAVID ROCKER DIRECTOR 1.00 X 0 0 0 JASON WILLIAMS DIRECTOR 1.00 X 0 0 0 SWANEE DIMARE DIRECTOR 1.00 X 0 0 0 NANCY BATCHELOR DIRECTOR 1.00 X 0 0 0 FRANCES ALDRICH SEVILLA-SACASA DIRECTOR 1.00 X 0 0 0 ROBERT BARLICK JR DIRECTOR 1.00 X 0 0 0 M JOHN RICHARD PRESIDENT & CEO 30.00 X 275079 0 0 275079 0 0 1 0 1 0 HASTINGS CLAYTON AND TUCKER INC 8295 S LA CIENEGA BLVD INGLEWOOD CA 90301 ARTIST FOR GALA 235000 1 390913 50178 6411085 50178 6852176 926725 50178 764986 161739 161739 OTHER REVENUE 900099 12509 12509 12509 7026424 12509 0 161739 2479074 2479074 304900 60980 243920 201603 40322 161281 5846 1169 4677 11230 2246 8984 22433 4486 17947 11200 11200 2384 2384 4500 4500 BAD DEBT EXPENSE 97458 97458 IN KIND EXPENSE 50178 50178 22006 1902 20104 3212812 2626710 126805 459297 35654 68688 1429879 5345053 45000 12000 37500 33000 27692 43616 1530725 5490357 23841 26846 75000 266800 255000 195000 353841 488646 X -222127 -324926 1399011 5326637 1176884 5001711 1530725 5490357 3813612 11215 0 X X 0 1 X 1 0 X 2332631 4371829 3534009 3629446 6411085 20279000 2332631 4371829 3534009 3629446 6411085 20279000 20279000 23410 12509 35919 20314919 0.99820 0.99850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 160000 -160000 160000 160000 150000 10000 160000 150000 150000 45000 12000 33000 33000 ALLOCATION PAYABLE TO PERFORMING ARTS CENTER TRUST, INC. 195000 195000 X 8139694 348284 764986 1113270 7026424 0 7026424 4314867 337069 764986 1102055 3212812 0 3212812 PART V, LINE 4: TO SUPPORT THE ADRIENNE ARSHT CENTER FOR THE PERFORMING ARTS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE OF 1986. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE FOUNDATION RECOGNIZES AND MEASURES TAX POSITIONS BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. INTEREST AND PENALTIES ON TAX LIABILITIES, IF ANY, WOULD BE RECORDED IN INTEREST EXPENSE AND OTHER NON-INTEREST EXPENSE, RESPECTIVELY. THE U.S. FEDERAL JURISDICTION IS THE MAJOR TAX JURISDICTION WHERE THE FOUNDATION FILES INFORMATIONAL TAX RETURNS. THE FOUNDATION IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE GALA 976903 50178 926725 40136 92582 413880 218388 976903 50178 926725 40136 92582 413880 218388 764986 161739 1 PERFORMING ARTS CENTER TRUST INC 1300 BISCAYNE BOULEVARD MIAMI FL 33132 650353695 501(C)(3) 2479074 CASH TO FUND BUDGETED EXPENSES. X X X X X 0 0 0 0 0 0 0 0 0 M JOHN RICHARD PRESIDENT & CEO 225079 0 50000 0 0 0 0 0 0 0 275079 0 0 0 X SPECIAL EVENT GOODS 0 50178 COST 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 IS PREPARED BY EXTERNAL AUDITORS AND REVIEWED BY THE CHIEF FINANCIAL OFFICER AND PRESIDENT AND CEO. PRIOR TO FINALIZATION OF THE RETURN, A FINAL DRAFT OF FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS. THE FORM DISTRIBUTED TO THE BOARD OF DIRECTORS REFLECTS THE RETURN ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES ITS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO DETERMINES THE COMPENSATION FOR ALL SENIOR STAFF AFTER A REVIEW PROCESS. COMPENSATION FOR THE CEO IS APPROVED BY THE BOARD OF DIRECTORS AS PART OF A COMPARATIVE STUDY AND ADDITIONAL ANALYSIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITORS AND OVERSIGHT OF THE ANNUAL AUDIT. PERFORMING ARTS CENTER TRUST INC 1300 BISCAYNE BOULEVARD MIAMI FL 33132 650353695 PERFORMING ARTS CENTER FL 501(C)(3) LINE 7 N/A 0 PERFORMING ART CENTER FOUNDATION OF GREATER MIAMI INC 1300 BISCAYNE BOULEVARD MIAMI FL 33132 REPRESENTS RESIDENT COMPANY AT THE ACPA FL 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 PERFORMING ARTS CENTER TRUST INC B 2479074 CASH