2024-05-15T16:42:59-05:00 2023-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2022-07-01 134172481 LINCOLN CENTER DEVELOPMENT PROJECT INC LINC 2128755000 70 LINCOLN CENTER PLAZA 9TH FL NEW YORK NY 10023 JIM O'HARA COO 2128755000 2024-05-15 1 JIM OHARA 999009999 0 EVAN W SEEKAMP P01907071 2127589700 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JIM O'HARA 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 104589930 0 X X 2001 NY TO IMPLEMENT AND OVERSEE REDEVELOPMENT OF LINCOLN CENTER CAMPUS. SEE SCH. O. 4 4 0 4 0 0 2407604 5840192 275467502 98749738 0 0 0 0 277875106 104589930 0 0 0 0 974024 1183373 0 0 0 276791358 103321780 277765382 104505153 109724 84777 39530381 3742037 39535615 3662494 -5234 79543 X TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE PLANNED REDEVELOPMENT AND TRANSFORMATION OF THE LINCOLN CENTER CAMPUS. SEE SCHEDULE O FOR CONTINUATION. 0 0 101833799 98749738 ALL ACTIVITIES OF THE CORPORATION FURTHER THE EXEMPT AND CHARITABLE PURPOSE OF THE CORPORATION BY PROVIDING FINANCIAL, PROFESSIONAL, AND OTHER ASSISTANCE IN ERECTING, RECONSTRUCTING, RENOVATING, MODERNIZING, AND RECONFIGURING BUILDINGS OPEN TO THE PUBLIC FOR PUBLIC EXPOSITIONS AND CULTURAL ACTIVITIES. SEE SCHEDULE O. 101833799 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 24 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X JIM O'HARA 2128755000 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 X PHILIP L MILSTEIN BOARD CHAIR 2.00 3.00 X 0 0 0 KATHERINE FARLEY DIRECTOR 1.00 1.00 X 0 0 0 BART FRIEDMAN DIRECTOR 1.00 1.00 X 0 0 0 PETER L MALKIN DIRECTOR 1.00 0.00 X 0 0 0 PETER FLAMM EXECUTIVE DIRECTOR 35.00 0.00 X 544672 0 -205243 JAMES O'HARA CHIEF OPERATING OFFICER 0.00 35.00 X 0 723176 32389 LAUREN KLEIN EVP, GEN. COUNSEL & CORP SEC. 0.00 35.00 X 0 581111 35171 WHITNEY BARRAT DIRECTOR, PLANNING & ADMINISTRATION 35.00 0.00 X 166685 0 39941 SHREYA GHOSHAL DIRECTOR, SPECIAL PROJECTS 35.00 0.00 X 135091 0 11658 846448 1304287 -86084 3 0 1 0 TURNER CONSTRUCTION COMPANY 93 LAKE AVENUE NEW YORK NY 10023 CONSTRUCTION FIRM 5706298 GFP REAL ESTATE LLC 125 PARK AVE 14TH FLOOR NEW YORK NY 10017 PROJECT MANAGER 2312512 TOD WILLIAMS BILLIE TSIEN LLP 222 CENTRAL PARK SOUTH NEW YORK NY 10019 ARCHITECT 1319913 PBM LLC 360 LEXINGTON AVENUE 2ND FLOOR NEW YORK NY 10017 MAINTENANCE SERVICES 650295 TD FARRELL & CO LLC 15 TALL TREE CIRCLE RIVERHEAD NY 11901 CONSTRUCTION FIRM 464530 9 5840192 5840192 PLANNED REDEVELOPMENT 230000 98749738 98749738 98749738 104589930 98749738 0 0 308927 308927 515982 515982 81726 81726 94097 94097 182641 182641 4860 4860 10162 10162 426102 426102 2504 2504 641698 641698 28154 28154 7366 7366 REDEVELOPMENT PROJECT 101833799 101833799 LCPA ADMIN OVERHEAD 367135 367135 104505153 101833799 2671354 0 164054 709571 39326495 2998630 25100 26470 314747 307381 14732 7366 39530381 3742037 39535615 3662494 39535615 3662494 X -5234 79543 -5234 79543 39530381 3742037 84777 0 X 0 1 X 1 0 X 1370620 2592975 2397914 2407604 5840192 14609305 1370620 2592975 2397914 2407604 5840192 14609305 14609305 14609305 532570706 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58929 51563 7366 255818 255818 0 7366 X 104589930 0 104589930 0 104589930 104505154 0 104505154 0 104505154 PART X, LINE 2: UNCERTAIN TAX POSITIONS LINCOLN CENTER RECOGNIZES THE BENEFIT OF TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINABLE BASED ON THE MERITS OF THE POSITION. 0 0 0 0 0 0 0 1 0 JAMES O'HARA CHIEF OPERATING OFFICER 0 550219 0 170100 0 2857 0 0 0 32389 0 755565 0 0 LAUREN KLEIN EVP, GEN. COUNSEL & CORP SEC. 0 501270 0 78000 0 1841 0 0 0 35171 0 616282 0 0 PETER FLAMM EXECUTIVE DIRECTOR 393706 0 150000 0 966 0 -247574 0 42331 0 339429 0 0 0 WHITNEY BARRAT DIRECTOR, PLANNING & ADMINISTRATION 166188 0 0 0 497 0 0 0 39941 0 206626 0 0 0 FORM 990, SCHEDULE J, PART III DISCLOSURE REGARDING PAYROLL ADMINISTRATION LINCOLN CENTER DEVELOPMENT PROJECT INC.'S (LCDP) PAYROLL IS ADMINISTERED BY LINCOLN CENTER FOR THE PERFORMING ARTS INC. (LCPA), A RELATED SECTION 501(C)(3) PUBLIC CHARITY. LCDP REIMBURSES LCPA FOR SALARIES AND BENEFITS OF LCDP EMPLOYEES AND AN ALLOCABLE PORTION OF LCPA EMPLOYEES WORKING ON BEHALF OF LCDP. FORM 990, SCHEDULE J, PART I, LINE 3 LCDP'S EXECUTIVE DIRECTOR IS PARTIALLY PAID BY LCPA, A RELATED ORGANIZATION, WITH COMPENSATION GOVERNED BY A WRITTEN CONTRACT AMENDED BY LCPA IN 2019 TO INCLUDE COMPENSATION RELATED TO SERVICE AS EXECUTIVE DIRECTOR OF LCDP. IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION RELATED TO LCDP, LCPA REVIEWED COMPENSATION BENCHMARKS FOR PERSONS WITH SIMILAR RESPONSIBILITIES FROM COMPARABLE DEVELOPMENT COMPANIES AND PRIOR WRITTEN LCPA CONTRACTS. THE INDIVIDUALS INVOLVED IN ASSESSING AND DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR DID NOT HAVE A CONFLICT OF INTEREST UNDER LCPA'S OR LCDP'S CONFLICT OF INTEREST POLICY. THE LCDP BOARD ELECTS THE EXECUTIVE DIRECTOR AND APPROVES THE LCDP BUDGET, WHICH INCLUDES A PORTION OF THE EXECUTIVE DIRECTOR'S TOTAL COMPENSATION. THE LCDP BOARD IS INDEPENDENT OF THE EXECUTIVE DIRECTOR. PART I, LINE 7 EXECUTIVE DIRECTOR PETER FLAMM RECEIVED A DISCRETIONARY, NON-FIXED BONUS PAYMENT TOTALING $150,000 IN CALENDAR YEAR 2022. FORM 990, SCHEDULE J, PART II, COLUMN (C) AMOUNTS IN THIS COLUMN INCLUDE CHANGES IN THE PRESENT VALUE OF QUALIFIED DEFINED BENEFIT PENSION PLAN BENEFITS. THE CHANGES IN VALUE CAN BE ATTRIBUTED TO THREE MAIN FACTORS: (1) THE EMPLOYEE AGES BY ONE YEAR; (2) THE EMPLOYEE EARNS AN ADDITIONAL YEAR OF BENEFIT ACCRUAL; AND (3) THE YIELD CURVE CHANGES. FORM 990, PART I, LINE 1 AND PART III, LINE 1 ORGANIZATION'S MISSION TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE PLANNED REDEVELOPMENT AND TRANSFORMATION OF THE LINCOLN CENTER CAMPUS AND TO PROVIDE A MYRIAD OF SERVICES THAT WOULD FOSTER THE PERFORMING ARTS TO IMPROVE THE CULTURAL LIFE OF COMMUNITIES THROUGHOUT THE UNITED STATES AND THE WORLD. FORM 990, PART III, LINE 4A PROGRAM SERVICES DURING THE FISCAL YEAR ENDED JUNE 30, 2023 REDEVELOPMENT PROJECT EXPENSES PRIMARILY CONSISTED OF THE COMPLETION OF INTERIOR DESIGN AND CONSTRUCTION, ALONG WITH OTHER CRITICAL PROJECT ELEMENTS OF THE DAVID GEFFEN HALL RENOVATION. FORM 990, PART V, LINE 2A AND PART VII DISCLOSURE REGARDING PAYROLL ADMINISTRATION LINCOLN CENTER DEVELOPMENT PROJECT INC.'S (LCDP) PAYROLL IS ADMINISTERED BY LINCOLN CENTER FOR THE PERFORMING ARTS INC. (LCPA), A RELATED SECTION 501(C)(3) PUBLIC CHARITY. LCDP REIMBURSES LCPA FOR SALARIES AND BENEFITS OF LCDP EMPLOYEES AND AN ALLOCABLE PORTION OF LCPA EMPLOYEES WORKING ON BEHALF OF LCDP. FORM 990, PART VI, SECTION A, LINE 6 GOVERNING BODY AND MANAGEMENT THERE ARE NO STOCKHOLDERS. THE BOARD IS A SINGLE MEMBER CORPORATION, WITH LINCOLN CENTER FOR THE PERFORMING ARTS, INC. AS ITS SOLE MEMBER, WITH FOUR DIRECTORS DESIGNATED BY LINCOLN CENTER FOR THE PERFORMING ARTS, INC. VOTING MEMBERS HAVE THE GENERAL POWER TO CONTROL AND MANAGE THE AFFAIRS AND PROPERTY OF LCDP AND ADOPT RULES AND REGULATIONS GOVERNING ITS ACTIONS. CERTAIN GOVERNANCE DECISIONS ARE RESERVED TO LCDP'S SOLE MEMBER, LINCOLN CENTER FOR THE PERFORMING ARTS, INC., INCLUDING THE RIGHT TO REMOVE A DIRECTOR WITH OR WITHOUT CAUSE AND THE RIGHT TO CHANGE THE NUMBER OF DIRECTORS ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A SEE NARRATIVE REPORTED ABOVE TITLED FORM 990, PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE REPORTED ABOVE TITLED FORM 990, PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW LCDP'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTING FIRM WITH DATA PROVIDED BY ITS FINANCE STAFF. WHEN LCDP'S STAFF AND ACCOUNTING FIRM APPROVE THE DRAFT RETURN, IT IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. LCDP'S BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY FOR REVIEWING FORM 990 TO THE AUDIT COMMITTEE. WHEN THE AUDIT COMMITTEE APPROVES THE FINAL DRAFT, A COPY IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY LCDP'S DIRECTORS AND OFFICERS AS WELL AS CERTAIN OTHER KEY PERSONS MAY, FROM TIME TO TIME, BE ASSOCIATED, EITHER DIRECTLY OR INDIRECTLY, WITH INDIVIDUALS, COMPANIES OR OTHER ENTITIES THAT MIGHT BE UNDER CONSIDERATION TO ENGAGE IN TRANSACTIONS OR PARTICIPATE IN OTHER ARRANGEMENTS WITH LCDP. TO ADDRESS THIS POSSIBILITY AND THE SPECIFIC STATUTORY REQUIREMENTS OF THE NEW YORK NOT-FOR PROFIT CORPORATION LAW, LCDP HAS A CONFLICT OF INTEREST POLICY. AMONG OTHER THINGS, THIS POLICY PROVIDES FOR THOSE COVERED BY IT (PRINCIPALLY, DIRECTORS, OFFICERS AND OTHERS WHO HAVE OFFICER-LIKE RESPONSIBILITIES, MANAGE LCDP OR A SEGMENT OF LCDP REPRESENTING A SUBSTANTIAL PORTION OF LCDP'S ACTIVITIES, INCOME OR ASSETS, OR CONTROL OR DETERMINE A SUBSTANTIAL PORTION OF LCDP'S CAPITAL EXPENDITURES OR OPERATING BUDGET) TO COMPLETE A RELATED PARTY QUESTIONNAIRE PRIOR TO ELECTION OR APPOINTMENT (OR AS SOON THEREAFTER AS POSSIBLE) AND TO UPDATE THE QUESTIONNAIRE ANNUALLY AND WHENEVER THERE IS A CHANGE OF CIRCUMSTANCES. IN ADDITION, IF A PERSON COVERED BY THE POLICY BECOMES AWARE OF ANY RELATED PARTY TRANSCTION (AS DEFINED IN THE POLICY), THE POLICY PROVIDES FOR THE PERSON TO PROMPTLY DISCLOSE THIS INFORMATION, AND THE PERSON WILL BE RECUSED FROM CONSIDERATION OF ANY TRANSACTION OR ARRANGEMENT THAT IS A RELATED PARTY TRANSACTION WITH RESPECT TO THEM. THE POLICY ALSO PROVIDES FOR CERTAIN CO-INVESTMENT RELATIONSHIPS TO BE DISCLOSED, AND A DISINTERESTED REVIEW OF THE CIRCUMSTANCES MAY RESULT IN A DETERMINATION TO REQUIRE RECUSAL. THE POLICY PROVIDES FOR ANY APPROVAL OF A RELATED PARTY TRANSACTION TO BE MADE BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE LCDP AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION LCDP'S EXECUTIVE DIRECTOR IS PARTIALLY PAID BY LCPA, A RELATED ORGANIZATION, WITH COMPENSATION GOVERNED BY A WRITTEN CONTRACT AMENDED BY LCPA IN 2019 TO INCLUDE COMPENSATION RELATED TO SERVICE AS EXECUTIVE DIRECTOR OF LCDP. IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION RELATED TO LCDP, LCPA REVIEWED COMPENSATION BENCHMARKS FOR PERSONS WITH SIMILAR RESPONSIBILITIES FROM COMPARABLE DEVELOPMENT COMPANIES AND PRIOR WRITTEN LCPA CONTRACTS. THE INDIVIDUALS INVOLVED IN ASSESSING AND DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR DID NOT HAVE A CONFLICT OF INTEREST UNDER LCPA'S OR LCDP'S CONFLICT OF INTEREST POLICY. THE LCDP BOARD ELECTS THE EXECUTIVE DIRECTOR AND APPROVES THE LCDP BUDGET, WHICH INCLUDES A PORTION OF THE EXECUTIVE DIRECTOR'S TOTAL COMPENSATION. THE LCDP BOARD IS INDEPENDENT OF THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT AVAILABILITY LCDP MAKES ITS ANNUAL FINANCIAL STATEMENTS AVAILABLE ON LCPA'S WEBSITE. OTHER GOVERNING DOCUMENTS AND 990 ARE AVAILABLE UPON REQUEST. LINCOLN CENTER FOR THE PERFORMING ARTS 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 131847137 PERFORMING ARTS NY 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0