2026-05-15T15:34:51-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2025-01-01 455316035 WORLD TRADE CENTER PERFORMING ARTS CENTER INC WORL 2122663000 ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 KHADY KAMARA EXECUTIVE DIRECTOR 2122663000 2025-11-17 1 1 EVA MRUK P00543254 2122862600 2026-05-15 2024 2025-03-06 01:10:19Z RONALD O PERELMAN CENTER FOR THE PERFORMING ARTS KHADY KAMARA ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 96437344 0 X PACNYC.ORG X 2012 NY THE PERFORMING ARTS CENTER (PAC) CONTRIBUTES TO THE REVITALIZATION OF LOWER MANHATTAN BY WELCOMING A DIVERSE PUBLIC AND PRODUCING AND PRESENTING THEATER, DANCE, MUSIC, AND OTHER PERFORMING ARTS. 33 33 0 36 1842391 419331 22274972 91088670 6673942 629964 17831 32501 4220803 2427928 33187548 94179063 0 0 0 0 26666973 9902867 160000 84000 1782973 52617171 23970986 79444144 33957853 -46256596 60221210 576054189 555550013 88754715 6950728 487299474 548599285 X THE PERELMAN PERFORMING ARTS CENTER CREATES CONNECTIONS BY CULTIVATING BONDS BETWEEN EXTRAORDINARY ARTISTS AND COMMUNITIES WITH EXEMPLARY PERFORMANCES IN ACTIVE DIALOGUE ACROSS THE ARTS IN OUR FLEXIBLE INTIMATE SPACES, INVITING CONVERSATION AND NEW RELATIONSHIPS. OUR ART AND OUR AUDIENCES REFLECT THE DYNAMIC ENERGY OF ALL FIVE BOROUGHS OF NEW YORK CITY. OUR WORK ASKS ALL OF US TO CONSIDER AND EMBRACE THE COMPLEXITIES OF SOCIETY. TOGETHER, WE WELCOME THE ENTIRE WORLD. THE PERELMAN PERFORMING ARTS CENTER IS WHERE THE WORLD TRADES IDEAS. 0 0 20319195 0 632794 ARTISTIC AND PROGRAM:ARTISTIC DIRECTOR BILL RAUCH AND THE PRODUCING TEAM CONTINUE TO OFFER A RICH AND DIVERSE PROGRAM OF LIVE PERFORMANCES AT THE PERELMAN PERFORMING ARTS CENTER. THE SEASONS HAVE WELCOMED NEW YORKERS AND VISITORS FROM ALL 50 STATES AND SHOWCASED ARTISTS ACROSS DISCIPLINES WHILE LAYING THE GROUNDWORK FOR FUTURE PROGRAMMING. THE SEASON INCLUDED A DIVERSE RANGE OF PRODUCTIONS, STARTING WITH TIPI TALES FROM THE STOOP, A SOLO SHOW BY MURIELLE BORST-TARRANT ABOUT HER EXPERIENCES GROWING UP AS PART OF THE ONLY NATIVE FAMILY IN HER BROOKLYN NEIGHBORHOOD. PAC NYC ALSO PRESENTED SCAT! THE COMPLEX LIVES OF AL AND DOT, DOT AND AL ZOLLAR, A DANCE-DRIVEN MUSICAL SET IN A JAZZ CLUB AND PERFORMED BY CELEBRATED DANCE TROUPE URBAN BUSH WOMEN (UBW), AND THE UNITED STATES PREMIERE OF CHORAL-DANCE FUSION AFRICAN EXODUS, A CHORAL JOURNEY THROUGH THE AFRICA WHERE OVER 80 PAIRS OF SHOES WERE TRANSFORMED INTO INSTRUMENTS, TOOLS, AND MARKERS TO TELL THE STORY OF THE MOVEMENT OF PEOPLE AND THEIR LINGUISTIC FOOTPRINTS WITHIN THE AFRICAN CONTINENT. THE SEASON CONCLUDED WITH PASSENGERS, A THRILLING MIX OF CIRCUS, DANCE, AND MUSIC BY RENOWNED TROUPE THE 7 FINGERS. 5378912 0 1778 CIVIC ENGAGEMENT & FUTURE PROGRAMMING:PAC NYC CONTINUES TO STRENGTHEN ITS TIES TO A VARIETY OF COMMUNITIES THROUGH ONGOING PARTNERSHIPS WITH OUR FOUR ANCHOR ALLIANCES: BOROUGH OF MANHATTAN COMMUNITY COLLEGE, CENTER FOR INDEPENDENCE OF THE DISABLED, NY IMMIGRANT COALITION, THE INTERFAITH CENTER, AND OUR FOUNDATIONAL ALLIANCE, THE LENAPE CENTER. OUR ARTISTIC AND PRODUCING TEAMS ARE DEVELOPING FUTURE SEASONS OF MULTIDISCIPLINARY PROGRAMMING THROUGH COMMISSIONS AND WORKSHOPS. IN JANUARY 2024, IN PARTNERSHIP WITH THE CIVIS FOUNDATION, WE LAUNCHED THE DEMOCRACY CYCLE, A MULTI-YEAR COMMISSIONING PROGRAM DESIGNED TO SUPPORT NEW WORKS THAT ILLUMINATE THE PROMISE, PRACTICE, IMPERFECTION, AND OPPORTUNITY OF DEMOCRACY. WE RECEIVED OVER 450 APPLICATIONS FOR OUR FIRST OPEN CALL AND COMMISSIONED EIGHT NEW WORKS IN THE FIRST YEAR OF THE PROGRAM. 902518 0 47 LOBBY STAGE:AS PART OF OUR MISSION TO CULTIVATE BONDS BETWEEN EXTRAORDINARY ARTISTS AND COMMUNITY AND PROVIDE PUBLIC ACCESS TO THE ARTS, PERELMAN PERFORMING ARTS CENTER (PAC NYC) PROVIDES FREE ENTERTAINMENT ON THE VARTAN AND CLARE GREGORIAN STAGE IN THE PAC NYC LOBBY. PERFORMANCES ON OUR LOBBY STAGE ARE FREE AND OPEN TO THE PUBLIC. IN 2024 ALONE WE HAD OVER 150 FREE PROGRAMS INCLUDING MUSIC, SPOKEN WORD, DANCE, AND MULTI-GENERATIONAL AND FAMILY PROGRAMMING. PAC NYC COLLABORATES WITH DIVERSE CURATORS WHO WORK WITH ARTISTS FROM AROUND NYC AND THE WORLD TO PROGRAM THE LOBBY STAGE. WE ALSO WORK WITH CONSULATES TO PRESENT CULTURALLY SPECIFIC PROGRAMMING AND OUR CIVIC ALLIANCE PARTNERS TO BRING NEW AND EMERGING VOICES TO THE STAGE. 26600625 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 33 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X RABIYA AKHTAR 2122663000 ONE LIBERTY PLAZA 29TH FL NEW YORK NY 10006 X X MICHAEL R BLOOMBERG CHAIR 2.00 X X 0 0 0 DOMINIC CASSERLEY VICE-CHAIR AND TREASURER 2.00 X X 0 0 0 PETER H DARROW VICE-CHAIR 2.00 X X 0 0 0 EDWARD P HENRY SECRETARY 2.00 X X 0 0 0 FRANK BISIGNANO DIRECTOR THRU MAY 2025 1.00 X 0 0 0 RIC CLARK DIRECTOR 1.00 X 0 0 0 STEVEN M COHEN DIRECTOR 1.00 X 0 0 0 STEPHEN DALDRY DIRECTOR 1.00 X 0 0 0 ANNA DEAVERE SMITH DIRECTOR 1.00 X 0 0 0 MICHAEL DOUGLAS DIRECTOR 1.00 X 0 0 0 DAVID EARLS DIRECTOR 1.00 X 0 0 0 HAROLD FORD JR DIRECTOR 1.00 X 0 0 0 PATRICIA E HARRIS DIRECTOR 2.00 X 0 0 0 REV PHILLIP A JACKSON DIRECTOR 1.00 X 0 0 0 VAN JONES DIRECTOR 1.00 X 0 0 0 KATY KNIGHT DIRECTOR 1.00 X 0 0 0 MARTHA LIVINGSTON DIRECTOR 1.00 X 0 0 0 ZENIA MUCHA DIRECTOR 1.00 X 0 0 0 HON ELLEN NACHTIGALL BIBEN DIRECTOR 1.00 X 0 0 0 MARY KATHRYN NAGLE DIRECTOR 1.00 X 0 0 0 INDRA NOOYI DIRECTOR 1.00 X 0 0 0 MAURICE OBEID DIRECTOR 1.00 X 0 0 0 GREGORY G OLAFSON DIRECTOR 1.00 X 0 0 0 BLESSING OMAKWU ESQ DIRECTOR THRU MAY 2025 1.00 X 0 0 0 IAN OSBORNE DIRECTOR 1.00 X 0 0 0 RONALD O PERELMAN DIRECTOR 1.00 X 0 0 0 SAMANTHA PERELMAN DIRECTOR 1.00 X 0 0 0 SCOTT RECHLER DIRECTOR 1.00 X 0 0 0 EDWARD SKYLER DIRECTOR 1.00 X 0 0 0 LARRY A SILVERSTEIN DIRECTOR 1.00 X 0 0 0 SUSAN STROMAN DIRECTOR 1.00 X 0 0 0 MARY ANN TIGHE DIRECTOR 1.00 X 0 0 0 MARIA TORRES-SPRINGER DIRECTOR 1.00 X 0 0 0 ROBIN VINCE DIRECTOR 1.00 X 0 0 0 VALERIE WILPON DIRECTOR 1.00 X 0 0 0 KHADY KAMARA EXECUTIVE DIRECTOR 40.00 X 0 0 0 RABIYA AKHTAR DIRECTOR OF FINANCE AS OF JAN 2025 40.00 X 0 0 0 MAXIM SEMIGLAZOV DIRECTOR OF FINANCE, CONSTRUCTION 40.00 X 0 0 0 0 0 0 0 0 0 0 0 1704 91086966 10337 91088670 TICKET SALES 711310 629964 629964 629964 13408 13408 28850 28850 1866136 1139317 726819 726819 3260 723559 421343 92914 419001 76163 2342 16751 19093 19093 2293163 623800 1669363 1395 1118832 549136 OTHER INCOME 900099 2896 2896 2896 94179063 634619 1842391 613383 801202 801202 6720335 5437952 749650 532733 159655 112799 32276 14580 1300668 1077318 131531 91819 921007 681318 187359 52330 108636 60990 47646 28628 28628 84000 84000 1237178 933877 177362 125939 583775 580193 327 3255 496140 317360 178780 347663 57052 287023 3588 2370 2370 4042423 3631565 269302 141556 62645 19443 41713 1489 13314 13314 1176307 912360 206006 57941 12211896 9692167 1904212 615517 1182100 916854 207020 58226 UNRELATED BUSINESS INCO 290021 290021 STAGE PRODUCTION 1462081 1462081 EQUIPMENT & MAINTENANCE 603004 569650 33354 FOOD/CATERING 114184 114184 8621 7778 843 33957853 26600625 5574255 1782973 13716778 3960852 1061176 0 34508854 34279641 116258 93157 197080 204837 730076 686646 515147089 45778856 479781968 469368233 45941999 46956647 576054189 555550013 3459759 4852713 294956 758071 85000000 0 0 1339944 88754715 6950728 X 406571478 469138830 80727996 79460455 487299474 548599285 576054189 555550013 60221210 1078601 0 X X 0 1 X 1 0 X 148467483 73978694 26025459 22274972 91088670 361835278 148467483 73978694 26025459 22274972 91088670 361835278 177500057 184335221 32188 16488 13727 60432 42258 165093 0 0 11850 359968 390757 762575 5770055 2736 2954 2896 5778641 368541587 10037040 0.50020 0.61470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN ON MORTGAGE SWAP - 2021 AMOUNT: $ 5,770,055. OTHER INCOME - 2022 AMOUNT: $ 2,736. 2023 AMOUNT: $ 2,954. 2024 AMOUNT: $ 2,896. PART II, SHORT YEAR EXPLANATION: FYE 6/30/2025 (COLUMN E, 2024) IS A SHORT YEAR END FROM 1/1/2025 TO 6/30/2025. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1061176 13408 1074584 0 1026329 34847 1061176 1012602 13727 1026329 1010228 2374 1012602 1009708 520 1010228 0.00000 0.00000 0.00000 0 0 427019045 19869255 407149790 4901239 949091 3952148 83226805 24960510 58266295 469368233 CAPITALIZED LEASEHOLD 44444561 SECURITY DEPOSITS 17000 DUE FROM AFFILATED OPERATIONS 1155142 RIGHT OF USE ASSETS 1339944 46956647 LEASE LIABILITY 1339944 1339944 X 97790369 1848189 1763117 3611306 94179063 0 94179063 36490558 769588 1763117 2532705 33957853 0 33957853 PART V, LINE 4: THE ORGANIZATION HAS RECEIVED A RESTRICTED GIFT OF $1M TO BE HELD IN PERPETUITY. INCOME EARNED FROM THIS GIFT IS EXPENDABLE TO SUPPORT A THEATRICAL PRODUCTION EACH YEAR WITH THE CONSENT OF THE DONOR. IN FY2025, THE ORGANIZATION WAS NOTIFIED THAT THE GRANT AGREEMENT WAS MODIFIED. AS A RESULT, THE FUNDS WERE ALL USED FOR GENERAL OPERATING PURPOSES. 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 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 1,139,317. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 623,800. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 1,139,317. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 623,800. X X X X X X 1 CATHY BLANEY AND ASSOCIATES 300 EAST 85TH STREET APT 2502 NEW YORK NY 10028 CAPITAL CAMPAIGN 0 0 60000 -60000 JP LEXINGTON LLC 30 E END AVENUE 5B NEW YORK NY 10028 CAPITAL CAMPAIGN 0 0 24000 -24000 84000 -84000 CA CO CT FL HI NJ NY WA FORM 990, PART I, ITEM C DBA: RONALD O. PERELMAN CENTER FOR THE PERFORMING ARTS DBA: PERFORMING ARTS CENTER AT THE WORLD TRADE CENTER DBA: PERELMAN PERFORMING ARTS CENTER PAC NYC DBA: METROPOLIS BY MARCUS SAMUELSSON FORM 990, PART I, QUESTION 5, AND PART V, QUESTION 2A: THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION MAY BE CONSIDERED THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. FORM 990, PART VI, SECTION A, LINE 2 BOARD DIRECTORS MICHAEL R. BLOOMBERG AND PATRICIA E. HARRIS HAVE A BUSINESS RELATIONSHIP. BOARD DIRECTORS RONALD O. PERELMAN AND SAMANTHA PERELMAN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE AND THEN PROVIDED TO THE BOARD PRIOR TO FILING. THE BOARD IS PROVIDED AN OPPORTUNITY TO ASK QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PAC NYC HAS A BOARD APPROVED CONFLICT OF INTEREST POLICY WHICH IT ACTIVELY MONITORS AND ENFORCES. THE POLICY MANDATES THAT ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES 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 PAC NYC'S EXECUTIVE DIRECTOR 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 MUST BE MADE TO THE CHAIR OF THE BOARD AND EXTERNAL BOARD COUNSEL, WHO ARE RESPONSIBLE FOR MAKING THE DETERMINATION OF WHETHER A CONFLICT EXISTS. 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 CAN 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 15 THE COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY A REVIEW OF THE POSITION DESCRIPTION, THE EXECUTIVE DIRECTOR'S QUALIFICATIONS INCLUDING HER CV, AND A COMPREHENSIVE REVIEW OF COMPARABLE POSITIONS AT SIMILARLY SITUATED CULTURAL INSTITUTIONS. NONE OF THE DIRECTORS INVOLVED IN DETERMINING THE COMPENSATION FOR THE EXECUTIVE DIRECTOR HAD A CONFLICT OF INTEREST IN CONNECTION WITH THE DETERMINATION. A SIMILAR PROCESS WAS USED TO DETERMINE THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE PROCESS WAS LAST PERFORMED IN 2024. COMPENSATION FOR EXECUTIVE DIRECTOR AND ARTISTIC DIRECTOR ARE GOVERNED BY MULTIYEAR EMPLOYMENT AGREEMENTS. COMPENSATION FOR OTHER EMPLOYEES WAS APPROVED BY AUTHORIZED BODY, INDIVIDUALS DETERMINING COMPENSATION DID NOT HAVE A CONFLICT OF INTEREST IN CONNECTION WITH DETERMINATION. PRIOR TO MAKING DETERMINATION PERFORMANCE REVIEW AND COMPENSATION COMPARABILITY WITH SIMILAR POSITIONS IN OTHER ORGANIZATIONS WAS PERFORMED AND FINAL DETERMINATION WAS DOCUMENTED 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 OR BY CALLING THE ORGANIZATION DIRECTLY AT 212-266-3000. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR PUBLIC DATABASES. FORM 990, PART VII, SECTION A: DUE TO A CHANGE IN THE ORGANIZATION'S YEAR-END, THE REPORTING PERIOD CONSTITUTES A SHORT TAX YEAR. AS A RESULT, COMPENSATION FOR INDIVIDUALS WAS REPORTED ON FORMS W-2 ISSUED FOR A DIFFERENT TAX PERIOD AND IS NOT REFLECTED IN THIS SHORT-YEAR FORM 990. IN ACCORDANCE WITH FORM 990, PART VII REPORTING REQUIREMENTS, INDIVIDUALS ARE INCLUDED IN PART VII, SECTION A ONLY IF THEY RECEIVED REPORTABLE COMPENSATION FROM THE ORGANIZATION DURING THE CALENDAR YEAR ENDING WITHIN THE TAX YEAR. ACCORDINGLY, KHADY KAMARA, EXECUTIVE DIRECTOR, RABIYA AKHTAR, DIRECTOR OF FINANCE AND MAXIM SEMIGLAZOV, DIRECTOR OF FINANCE, CONSTRUCTION RECEIVED NO REPORTABLE COMPENSATION FOR PURPOSES OF FORM 990, PART VII, SECTION A FOR THE SHORT YEAR. SIMILARLY, WILLIAM PAUL RAUCH, ARTISTIC DIRECTOR, A KEY EMPLOYEE, IS NOT REPORTED IN PART VII, SECTION A BECAUSE COMPENSATION ATTRIBUTABLE TO SERVICES PERFORMED DURING THE SHORT YEAR WAS INCLUDED IN W-2 REPORTING FOR A DIFFERENT PERIOD AND THEREFORE IS NOT REPORTABLE UNDER THE PART VII RULES FOR THIS YEAR. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WTC PERFORMING ARTS CENTER SUPPORT LLC ONE LIBERTY PLAZA 29TH FLOOR NEW YORK NY 10006 923285438 STAFFING AGENCY NY 0 0 WORLD TRADE CENTER PERFORMING ARTS CENTER INC