| FORM 990, PART I, LINE 1 & PART III, LINE 1 |
DESCRIPTION OF ORGANIZATION MISSION TO SUSTAIN, ENCOURAGE, AND PROMOTE THE PERFORMING ARTS AND TO EDUCATE THE PUBLIC WITH RELATION THERETO. IN ADDITION TO MAINTAINING A PERFORMING ARTS COMPLEX AND SOME OF THE PERFORMANCE FACILITIES AT THE LINCOLN CENTER SITE IN NEW YORK CITY, THE ORGANIZATION PROVIDES PROGRAMS AND PRESENTS CONCERTS AND OTHER PERFORMANCES THAT SUPPLEMENT THE PRESENTATIONS OF LINCOLN CENTER CONSTITUENT ORGANIZATIONS. THESE CONSTITUENT ORGANIZATIONS, ALL OF WHICH ARE PUBLIC CHARITIES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, CONSIST OF THE CHAMBER MUSIC SOCIETY OF LINCOLN CENTER, FILM AT LINCOLN CENTER, JAZZ AT LINCOLN CENTER, THE JUILLIARD SCHOOL, THE VIVIAN BEAUMONT THEATER (THE LINCOLN CENTER THEATER), THE METROPOLITAN OPERA, THE NEW YORK CITY BALLET, THE PHILHARMONIC SYMPHONY SOCIETY OF NEW YORK (NEW YORK CITY PHILHARMONIC ORCHESTRA), THE NEW YORK PUBLIC LIBRARY FOR THE PERFORMING ARTS, AND THE SCHOOL OF AMERICAN BALLET. |
| FORM 990, PART III, LINE 4C |
PROGRAM SERVICE ACCOMPLISHMENTS WHEN THE COVID-19 PANDEMIC RESULTED IN THE CLOSURE OF LINCOLN CENTER'S HALLS IN MARCH 2020, LCPA LAUNCHED LINCOLN CENTER AT HOME, A NEW ONLINE PORTAL DESIGNED TO HELP PEOPLE MAINTAIN CONNECTIONS TO ONE ANOTHER THROUGH THE ARTS. LINCOLN CENTER AT HOME FEATURES ON-DEMAND CONTENT AND A CALENDAR OF CERTAIN PAST AND PRESENT PROGRAMMING BY LINCOLN CENTER AND THE CONSTITUENTS. SUMMER 2021 BEGAN A NEW SUMMER OFFERING: RESTART STAGES. RESTART STAGES MARKED THE RETURN OF IN-PERSON, LIVE PERFORMANCES AND OPENED ON WORLD HEALTH DAY. THE SERIES SPANNED SIX MONTHS AND HAD OVER 250,000 VISITORS, OVER 300 EVENTS, OVER 70 PARTNERS, AND 10 OUTDOOR STAGES REVIVING THE CITY'S VIBRANT ARTS SCENE. THE PARTICIPATORY PUBLIC ART INSTALLATION, THE GREEN, WELCOMED GUESTS BACK TO CAMPUS WITH AN OPEN-AIR SPACE, POP-UP EVENTS, AND ROTATING FOOD VENDORS. |
| FORM 990, PART VI, SECTION A, LINE 2 |
DIRECTOR FRANK A. BENNACK, JR., DIRECTOR STEVEN R. SWARTZ, AND DIRECTOR THOMAS SHUMACHER - BUSINESS RELATIONSHIP DIRECTOR JOHN WALDRON, DIRECTOR ESTA EIGER STECHER, DIRECTOR DINA POWELL MCCORMICK, AND DIRECTOR ADEBAYO OGUNLESI - BUSINESS RELATIONSHIP DIRECTOR CLARENCE OTIS AND ROBERT STEEL - BUSINESS RELATIONSHIP DIRECTOR JOHN B. HESS AND DIRECTOR JOSEPH Y. BAE - BUSINESS RELATIONSHIP DIRECTOR JOHN B. HESS AND DIRECTOR ADEBAYO OGUNLESI - BUSINESS RELATIONSHIP DIRECTOR JIM HERBERT AND DIRECTOR STEPHEN ROSS - BUSINESS RELATIONSHIP |
| FORM 990, PART VI, SECTION B, LINE 11B |
FORM 990 REVIEW THE LINCOLN CENTER 2020 FORM 990 WAS PREPARED BY ITS INDEPENDENT ACCOUNTING FIRM WITH DATA PROVIDED BY ITS FINANCE DEPARTMENT. THE RETURN IS THEN REVIEWED BY THE FINANCE DEPARTMENT AND GENERAL COUNSEL BEFORE IT IS PROVIDED TO THE AUDIT COMMITTEE. THE LINCOLN CENTER AUDIT COMMITTEE REVIEWS AND APPROVES THE 990 PRIOR TO ITS FILING ON BEHALF OF THE LINCOLN CENTER BOARD OF DIRECTORS. THE AUDIT COMMITTEE HAS REVIEWED AND UNANIMOUSLY APPROVED THE LINCOLN CENTER 2020 FORM 990. A COPY OF THE RETURN WAS PROVIDED TO THE FULL BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
CONFLICT OF INTEREST REVIEW LINCOLN CENTER'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 LINCOLN CENTER. TO ADDRESS THIS POSSIBILITY AND THE SPECIFIC STATUTORY REQUIREMENTS OF THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW, LINCOLN CENTER 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 LINCOLN CENTER OR A SEGMENT OF LINCOLN CENTER REPRESENTING A SUBSTANTIAL PORTION OF LINCOLN CENTER'S ACTIVITIES, INCOME OR ASSETS, OR CONTROL OR DETERMINE A SUBSTANTIAL PORTION OF LINCOLN CENTER'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 LINCOLN CENTER AUDIT COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 15 |
COMPENSATION REVIEW COMPENSATION FOR THE PRESIDENT/CEO IS SET PURSUANT TO A WRITTEN MULTI-YEAR AGREEMENT, APPROVED BY THE BOARD AND/OR THE PERSONNEL AND EXECUTIVE COMPENSATION COMMITTEE, MOST RECENTLY IN 2021. COMPENSATION LEVELS AND OTHER TERMS FOR THE PRESIDENT/CEO ARE REVIEWED AND RE-EVALUATED FROM TIME TO TIME, INCLUDING IN CONJUNCTION WITH THE DECISION TO EXTEND OR RENEW THE PRESIDENT'S EMPLOYMENT AGREEMENT. COMPENSATION FOR THE EXECUTIVE LEADERSHIP TEAM (OTHER THAN THE PRESIDENT/CEO) IS DETERMINED BY THE PRESIDENT/CEO, GENERALLY ON AN ANNUAL BASIS AND MOST RECENTLY IN 2021, ON APPROVAL OF THE PERSONNEL AND EXECUTIVE COMPENSATION COMMITTEE. PERIODICALLY, THE ORGANIZATION RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THIS DATA IS USED BY THE BOARD AND/OR THE PERSONNEL AND EXECUTIVE COMPENSATION COMMITTEE IN THE PERIODIC REVIEWS DESCRIBED ABOVE. THE 990 TAX RETURNS OF SUCH ORGANIZATIONS ARE ALSO CONSIDERED. THE BOARD APPOINTS INDEPENDENT MEMBERS OF THE BOARD TO SIT AS A PERSONNEL AND EXECUTIVE COMPENSATION COMMITTEE, AND ITS DELIBERATIONS, DECISIONS AND APPROVALS REGARDING COMPENSATION ARE RECORDED IN CONFIDENTIAL MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 18 |
DOCUMENT AVAILABILITY LINCOLN CENTER MAKES ITS ANNUAL FINANCIAL STATEMENTS AND FORM 990 AVAILABLE VIA THE ORGANIZATION'S WEBSITE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 |
SEE NARRATIVE REPORTED ABOVE TITLED FORM 990, PART VI, SECTION C, LINE 18. |
| FORM 990, PART VII, COLUMN (B) |
AVERAGE HOURS PER WEEK THE HOURS REPORTED FOR EACH DIRECTOR ON PART VII ARE REASONABLE ESTIMATES OF HOURS SERVED PER WEEK. |
| FORM 990, PART XI, LINE 9: |
BAD DEBT RECOVERIES 992,000. PRIOR YEAR PLEDGE WRITE OFF -4,000,000. |
Attach to Form 990 or 990-EZ.