2014-10-14T15:42:34-05:00 2013-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2013-01-01 232218331 PRINCESS GRACE FOUNDATION - USA PRIN 2123171470 150 EAST 58TH STREET 25TH FLOOR NEW YORK NY 10155 TOBY BOSHAK ED-SEC-TREAS 2123171470 2014-10-14 1 ROBERT LYONS P00227472 2125038800 2013 2015-11-30 17:44:51Z TOBY BOSHAK 150 EAST 58TH STREET 25TH FLOOR NEW YORK NY 10155 5773791 0 X WWW.PGFUSA.ORG X 1982 NY NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION-USA IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS SHE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRITING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY. 25 25 5 0 -15631 -74140 1070342 1020499 0 0 512235 903406 969307 1443231 2551884 3367136 860122 1025867 0 0 443123 457876 50186 50267 342354 863716 741128 2217147 2275138 334737 1091998 16548091 18312275 314463 320833 16233628 17991442 X NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION-USA IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS PRINCESS GRACE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRITING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY. 0 0 1611994 1025867 NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION - USA IS DEDICATED TO IDENTIFYING AND ASSISTING YOUNG TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS SHE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRITING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY. 1611994 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 5 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY PA CA X AMY DESMOND 2123171470 150 EAST 58TH SREET NEW YORK NY 10155 HSH PRINCE ALBERT II OF MONACO VICE CHAIRMAN 0.50 X X 0 0 0 HRH THE PRINCESS OF HANOVER CHAIRMAN, PGF 0.50 X X 0 0 0 HSH PRINCESS CHARLENE OF MONACO TRUSTEE 0.50 X 0 0 0 HON JOHN F LEHMAN CHAIRMAN 3.00 X X 0 0 0 ROBERT O MARX VICE CHAIRMAN 2.00 X X 0 0 0 RAY CALDIERO DIRECTOR 1.00 X 0 0 0 GERARD COHEN DIRECTOR 1.00 X 0 0 0 NORMAN E DONOGHUE DIRECTOR 2.00 X 0 0 0 EDUARDO GARCIA DIRECTOR 3.00 X 0 0 0 BARBARA GRANT JAYNES DIRECTOR 1.00 X 0 0 0 GEORGE HAUPTFUHRER III CHAIRMAN,AUDIT COMMITTEE 2.00 X X 0 0 0 ANNE HEARST MCINERNEY DIRECTOR 1.00 X 0 0 0 RACHEL HOVNANIAN DIRECTOR 1.00 X 0 0 0 SERENA LESE CHAIRMAN, NOMINATING AND H 2.00 X X 0 0 0 ANTON KATZ DIRECTOR 2.00 X 0 0 0 KARL LAGERFELD DIRECTOR 1.00 X 0 0 0 BARBARA LEHMAN DIRECTOR 1.00 X 0 0 0 D CHRISTOPHER LE VINE DIRECTOR 1.00 X 0 0 0 YVES G PIAGET DIRECTOR 1.00 X 0 0 0 LYNDA A RUFO DIRECTOR 2.00 X 0 0 0 SIR MICHAEL WJ SMURFIT DIRECTOR 1.00 X 0 0 0 JON TURK MD DIRECTOR 2.00 X 0 0 0 SANDRA VAN ESSCHE DIRECTOR 1.00 X 0 0 0 LYNN WYATT DIRECTOR 1.00 X 0 0 0 BARBARA SINATRA DIRECTOR 1.00 X 0 0 0 TOBY E BOSHAK ED-SECRETARY-TREASURER 40.00 X 148442 0 22583 AMY DESMOND ASSISTANT TREASURER 15.00 X 0 0 0 148442 0 22583 1 0 1 0 0 527738 492761 24161 1020499 355649 -15631 371280 1409848 1409848 2723354 2175597 547757 547757 547757 264291 527738 231058 33233 33233 MISCELLANEOUS 900099 150 150 150 3367136 0 -15631 2362268 X 1025867 1025867 171025 67689 51744 51592 221580 96772 26698 98110 48489 23230 7238 18021 16782 7449 1954 7379 30000 30000 50267 50267 38583 5865 32718 9145 2351 3014 3780 150278 52597 97681 3165 2185 927 53 32421 22386 9501 534 3775 1783 1654 338 21315 5526 15789 AWARD CEREMONY EXPENSE 289731 271199 16355 2177 EVENT EXPENSES 93892 93892 PRINTING & PUBLICATIONS 29877 14394 6685 8798 EQUIP. RENTAL & MAINT. 25096 10087 10248 4761 13850 2614 8584 2652 2275138 1611994 320790 342354 82828 122080 991648 1360490 41236 40188 522453 433637 44650 8073 25997 19158 10614 6839 10646267 11791592 4178070 4522673 30325 26703 16548091 18312275 56527 47689 244528 219792 50000 13408 3352 314463 320833 X 15353628 17134117 100000 27325 780000 830000 16233628 17991442 16548091 18312275 1091998 687981 47630 -69795 0 X X 0 1 X 1 0 X 1089371 1128737 1957977 1070341 1068129 6314555 1089371 1128737 1957977 1070341 1068129 6314555 1364911 4949644 387680 611756 1063560 1253600 1765497 5082093 21120 225 150 21495 11418143 1100060 0.43350 0.44990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 780000 50000 22435 22435 830000 780000 25853 25853 780000 780000 20366 20366 780000 780000 33883 33883 780000 780000 39624 39624 780000 1.00000 0 0 25997 19158 6839 6839 LIMITED PARTNERSHIPS 4522673 F 4522673 DEFERRED RENT PAYABLE 3352 3352 X 4162270 687981 224578 912559 3249711 117425 117425 3367136 2452086 224578 224578 2227508 47630 47630 2275138 PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED FOR THE GANT GAITHER AWARD. THE INCOME EARNED IS TO SUPPORT THEATER ARTISTS IN THE NAME OF GANT GAITHER, AS WAS THE INTENT OF HIS WILL. PART V: DURING THE YEAR ENDED DECEMBER 31, 2013, THE FOUNDATION BEGAN A COMPREHENSIVE REVIEW OF CERTAIN CONTRIBUTIONS THAT WERE PREVIOUSLY REPORTED AS UNRESTRICTED NET ASSETS. AFTER A COMPREHENSIVE ANALYSIS MANAGEMENT HAS DETERMINED THAT $550,000 PREVIOUSLY RECORDED AS UNRESTRICTED NET ASSETS ARE DONOR-RESTRICTED ENDOWMENT FUNDS. AS A RESULT, UNRESTRICTED NET ASSETS HAVE DECREASED BY $550,000 FROM THE BALANCE THAT WAS PREVIOUSLY REPORTED AND PERMANENTLY RESTRICTED NET ASSETS HAVE INCREASED BY $550,000. PART X, LINE 2: THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2013 AND 2012 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE DECEMBER 31, 2010. PART XII, LINE 4B - OTHER ADJUSTMENTS: IN-KIND INVESTMENT EXPENSE 47,630. X 1 EVENT ASSOCIATES 162 W 56TH ST 405 NEW YORK NY 10019 GALA 0 792029 50267 741762 792029 50267 741762 NY PA 2013 AWARDS GALA 683111 509375 173736 134387 BAL DE LA ROSE 28300 4800 23500 25183 5 80618 13563 67055 71488 792029 527738 264291 134387 96671 231058 33233 1 THEATER AND THEATER HONORARIA 9 176206 PLAYWRITING 2 33075 DANCE: PERFORMANCE 5 185292 DANCE: CHOREOGRAPHY 3 33600 FILM 6 111249 SPECIAL PROJECTS 6 144121 FILM HONORARIA 7 34710 STATUE AWARD 2 50000 JUST FILMS HONORARIA 2 17250 JUSTFILMS 3 105844 BAC RESIDENCIES 4 75120 CHOREOGRPAHY MENTORSHIP CO-COMMISSION 1 22400 PRINCE RAINIER AWARD 1 25000 STEPPENWOLF RESIDENCY 1 12000 PART I, LINE 2: THE PRINCESS GRACE FOUNDATION - USA REQUIRES INTERIM AND FINAL REPORTS FROM EACH GRANT RECIPIENT. THE OFFICE FOLLOWS UP WITH THE RECIPIENTS TO MAKE SURE THEIR REPORTS ARE SUBMITTED BY THE DEADLINES. REPORTS CONSIST OF NARRATIVE DESCRIPTIONS OF THE RECIPIENTS' EXPERIENCE DURING THE GRANT PERIOD AS WELL AS A FINANCIAL SUBSTANTIATION THAT THE FUNDS WERE EXPENDED ACCORDING TO THE GRANT AGREEMENT THAT WAS SIGNED BY THE INDIVIDUAL ARTIST, THE NOMINATING INSTITUTION AND THE PRINCESS GRACE FOUNDATION - USA. X X X 0 0 0 0 0 0 0 0 0 TOBY E BOSHAK ED-SECRETARY-TREASURER 148442 0 0 0 0 0 0 0 22583 0 171025 0 0 0 X EVENT AUCTION 3 24161 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JOHN F. LEHMAN, CHAIRMAN, IS THE COUSIN OF CHRIS LE VINE, TRUSTEE, AND HSH PRINCE ALBERT, VICE CHAIRMAN. CHRIS LE VINE, TRUSTEE, IS THE COUSIN OF HSH PRINCE ALBERT, VICE CHAIRMAN, AND JOHN F. LEHMAN, CHAIRMAN. BARBARA LEHMAN, TRUSTEE, IS MARRIED TO JOHN F. LEHMAN CHAIRMAN. BARBARA SINATRA, TRUSTEE, IS THE MOTHER OF ROBERT O. MARX, VICE CHAIRMAN, PRINCESS CHARLENE, TRUSTEE IS MARRIED TO PRINCE ALBERT, VICE CHAIRMAN. FORM 990, PART VI, SECTION B, LINE 11 UPON COMPLETION OF THE FORM 990, THE FORM 990 IS CIRCULATED TO THE FINANCE AND AUDIT COMMITTEES FOR REVIEW. UPON THEIR ACCEPTANCE OF THE DOCUMENT, THE RETURN IS CIRCULATED TO THE BOARD OF TRUSTEES. ONCE THE BOARD OF TRUSTEES APPROVES THE 990, IT IS FILED. THE ACCEPTANCE OF THE 990 IS DOCUMENTED IN THE MINUTES FROM THIS MEETING OR NOTED SEPARATELY IF DISTRIBUTED OUTSIDE THE MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IN THE ANNUAL BOARD MEETING DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION USED THE FOLLOWING IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION: 1)FORM 990 OF OTHER ORGANIZATIONS; 2)COMPENSATION SURVEY OR STUDY; APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORMS AVAILABLE TO THE PUBLIC UPON REQUEST. SCHEDULE D, PART V: DURING THE YEAR ENDED DECEMBER 31, 2013, THE FOUNDATION BEGAN A COMPREHENSIVE REVIEW OF CERTAIN CONTRIBUTIONS THAT WERE PREVIOUSLY REPORTED AS UNRESTRICTED NET ASSETS. AFTER A COMPREHENSIVE ANALYSIS MANAGEMENT HAS DETERMINED THAT $550,000 PREVIOUSLY RECORDED AS UNRESTRICTED NET ASSETS ARE DONOR-RESTRICTED ENDOWMENT FUNDS. AS A RESULT, UNRESTRICTED NET ASSETS HAVE DECREASED BY $550,000 FROM THE BALANCE THAT WAS PREVIOUSLY REPORTED AND PERMANENTLY RESTRICTED NET ASSETS HAVE INCREASED BY $550,000. FORM 990, PART XII, LINE 2C: HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.