2025-05-01T14:36:18-05:00 2024-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2024-01-31 991044678 TS 2 DEVELOPMENT CORPORATION TS2D 9736428989 18 CENTER STREET NEWARK NJ 07102 MARY JAFFA VICE PRESIDENT 9736428989 2025-04-30 1 0 EVAN W SEEKAMP P01907071 2127589700 2024 2025-03-06 01:10:19Z X JOHN SCHREIBER ONE CENTER STREET NEWARK NJ 07102 293307 0 X WWW.NJPAC.ORG X 2024 NJ SEE SCHEDULE O. 5 4 0 4 0 0 0 0 293307 0 293307 0 0 0 0 0 37673 37673 255634 25257152 25001518 255634 ACQUIRE, LEASE, RENOVATE AND IMPROVE REAL ESTATE AND TO ACQUIRE PUBLIC FINANCING AND TAX CREDIT FINANCING IN SUPPORT OF THE NEW JERSEY PERFORMING ARTS CENTER, A RELATED TAX-EXEMPT ORGANIZATION. 0 0 37673 REAL ESTATE DEVELOPMENT: ACQUIRE, LEASE, RENOVATE AND IMPROVE REAL ESTATE AND TO ACQUIRE PUBLIC FINANCING AND TAX CREDIT FINANCING IN SUPPORT OF THE NEW JERSEY PERFORMING ARTS CENTER, A RELATED TAX-EXEMPT ORGANIZATION. 37673 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NJ X MARY JAFFA 9733538034 18 CENTER STREET NEWARK NJ 07102 X X JOHN SCHREIBER PRESIDENT & CEO 1.00 50.20 X X 0 0 0 STEVEN M GOLDMAN ESQ BOARD MEMBER 1.00 1.10 X 0 0 0 LINDA CALDWELL EPPS BOARD MEMBER 1.00 0.00 X 0 0 0 ANNE E ESTABROOK BOARD MEMBER 1.00 1.10 X 0 0 0 GREGG GERKEN BOARD MEMBER 1.00 0.00 X 0 0 0 TIMOTHY LIZURA EXECUTIVE VICE PRESIDENT 1.00 50.10 X 0 0 0 JEFFREY JACOB SENIOR VICE PRESIDENT 1.00 50.10 X 0 0 0 MARY C JAFFA VICE PRESIDENT 1.00 50.10 X 0 0 0 0 0 0 293307 293307 293307 0 0 293307 X 2283 2283 25000 25000 10390 10390 37673 37673 0 0 0 22931710 2325442 0 0 2325442 0 25257152 1001518 24000000 0 25001518 X 0 255634 0 255634 0 25257152 255634 0 X 0 1 X 1 0 X X X 1 NEW JERSEY PERFORMING ARTS CENTER CORPORATION 222889703 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: THE ORGANIZATION IS RESPONSIVE TO THE NEEDS AND REQUIREMENTS OF THE NEW JERSEY PERFORMING ARTS CENTER (NJPAC) THROUGH ITS LEADERSHIP AND BOARD OF DIRECTOR'S POSITIONS WITHIN NJPAC. THE ORGANIZATION'S BYLAWS PROVIDE THAT THE PRESIDENT, EXECUTIVE VICE PRESIDENT, SENIOR VICE PRESIDENT, AND VICE PRESIDENT, WHO ARE ALSO OFFICERS OF NJPAC, ARE OFFICERS OF TS 2 DEVELOPMENT CORPORATION, AND A MAJORITY OF THE ORGANIZATION'S BOARD ARE BOARD MEMBERS OF NJPAC. 2325442 2325442 2325442 X PART X, LINE 2: TAX STATUS & UNCERTAIN TAX POSITIONS THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS SUCH TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED AT JUNE 30, 2024 OR 2023. FORM 990, PART I, LINE 1 A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS ("QALICB") FOR THE DEVELOPMENT OF NJPAC'S COOPERMAN ARTS & EDUCATION CENTER. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990 THE FORM 990 IS PREPARED AND REVIEWED BY KPMG, LLP, THE INDEPENDENT ACCOUNTING FIRM THAT ALSO PERFORMS THE ANNUAL AUDIT OF NJPAC (THE SUPPORTED ORGANIZATION) AS WELL AS TS 2 DEVELOPMENT CORPORATION. THE NJPAC AUDIT COMMITTEE THEN REVIEWS AND APPROVES THE FINAL FORM 990 IN A MEETING ATTENDED BY COMMITTEE MEMBERS, NJPAC MANAGEMENT AND KPMG. AFTER APPROVAL, A COMPLETE COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS. THE NJPAC AUDIT COMMITTEE CHAIR, CHIEF FINANCIAL OFFICER AND KPMG MAKE THEMSELVES AVAILABLE FOR QUESTIONS PRIOR TO THE FILING OF THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICTS OF INTEREST TS 2 DEVELOPMENT CORPORATION DOES NOT HAVE ANY EMPLOYEES. ALL SERVICES ARE PROVIDED BY EMPLOYEES OF NJPAC, A RELATED TAX-EXEMPT ORGANIZATION. CONSISTENT WITH THE ORGANIZATION'S BYLAWS, TS 2 DEVELOPMENT CORPORATION CONDUCTS PERIODIC REVIEWS TO ENSURE COMPLIANCE WITH ITS CONFLICTS OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL NO COMPENSATION WAS PAID BY THE ORGANIZATION TO THE PRESIDENT & CEO. ALL COMPENSATION PAID TO THE PRESIDENT & CEO IS BY NJPAC, A RELATED TAX-EXEMPT ORGANIZATION. COMPENSATION PROCESS FOR OFFICERS NO COMPENSATION WAS PAID BY THE ORGANIZATION TO ITS OFFICERS. ALL COMPENSATION PAID TO THE OFFICERS IS BY NJPAC, A RELATED TAX-EXEMPT ORGANIZATION. CONSISTENT WITH THE ORGANIZATION'S BYLAWS, TS 2 DEVELOPMENT CORPORATION CONDUCTS PERIODIC REVIEWS TO ENSURE ANY COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE BASED ON COMPETENT SURVEY INFORMATION AND ARE THE RESULT OF ARM'S LENGTH BARGAINING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT DISCLOSURE THE ORGANIZATION'S FORM 990, AUDITED FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC ON REQUEST. FORM 990, PART VII AND SCHEDULE J COMPENSATION ALL OFFICERS WERE COMPENSATED BY NJPAC, A RELATED TAX-EXEMPT ORGANIZATION. HOWEVER, DUE TO THE SHORT PERIOD INITIAL RETURN FOR THE YEAR ENDED JUNE 30, 2024, NO COMPENSATION PAID BY RELATED ORGANIZATIONS FELL WITH OR WITHIN THE REPORTING PERIOD. THEREFORE, NO COMPENSATION FROM RELATED ORGANIZATIONS IS REPORTED IN FORM 990, PART VII OR SCHEDULE J. FORM 990, PART IX, LINE 11G OTHER CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 10,390. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,390. NEW JERSEY PERFORMING ARTS CENTER ONE CENTER STREET NEWARK NJ 07102 222889703 ARTS CTR NJ 501(C)(3) 7 N/A 0 THE ARTS EDUCATION ENDOWMENT FUND ONE CENTER STREET NEWARK NJ 07102 223196074 SUPPORT ORG NJ 501(C)(3) 12A NJPAC 1 NJ CTR FOR PERFORMING ARTS DEV CORP ONE CENTER STREET NEWARK NJ 07102 222049475 REAL ESTATE NJ NJPAC C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0