TY 2022 Form 990 Schedule O

efile Public Visual Render ObjectId: 202303199349332300 - Submission: 2023-11-15 TIN: 95-4486564

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

Business Arts Plaza Inc

Employer identification number

95-4486564

Return Reference	Explanation
PART V, LINES 2A & 2B - FILING OF FEDERAL EMPLOYMENT TAX RETURNS:	THE ORGANIZATION IS RELATED TO A GROUP OF JOINTLY ADMINISTERED NOT-FOR-PROFIT ORGANIZATIONS. SINCE THE ORGANIZATIONS CO-EXIST AT THE SAME PREMISES, THEY UTILIZE EACH OTHER'S PERSONNEL. SALARIES AND RELATED PAYROLL TAXES ARE PAID BASED ON PREDETERMINED PERCENTAGES. THE RELATED ORGANIZATION THAT ACTS A COMMON PAYMASTER FOR THE JOINTLY ADMINISTERED ORGANIZATIONS FILES ALL APPLICABLE FEDERAL EMPLOYMENT TAX RETURNS.
PART VI, SECTION A, LINE 3 - MANAGEMENT COMPANY:	JP MORGAN ASSET MANAGEMENT MANAGES THE PROPERTY LOCATED AT 3601 OLIVE AVENUE, BURBANK, CA AND IS RESPONSIBLE FOR PREPARING A YEARLY BUDGET, PROVIDING QUARTERLY REPORTS ON THE RENTAL OPERATIONS OF THE BUILDING, CONTRACTING WITH OTHER COMPANIES TO PROVIDE SERVICES TO THE BUILDING, AND PROVIDING OWNERSHIP WITH UPDATES TO THE MARKET CONDITIONS IN THE REAL ESTATE SEGMENT AND HOW THE BUILDING COMPARES IN VALUE TO OTHER COMPARABLE PROPERTIES.
PART VI, SECTION A, LINE 7A - POWER TO ELECT GOVERNING BOARD:	THE JOINT BOARD OF TRUSTEES OF THE SCREEN ACTORS GUILD-PRODUCERS PENSION AND HEALTH PLAN ELECT THE MEMBERS THAT COMPRISE THE ORGANIZATION'S GOVERNING BODY.
PART VI, SECTION A, LINE 8B - OTHER COMMITTEES WITH AUTHORITY TO ACT:	THE ORGANIZATION HAS NO OTHER COMMITTEE THAT MAY ACT ON BEHALF OF THE GOVERNING BODY.
PART VI, SECTION B, LINE 11B - REVIEW PROCESS OF FORM 990:	THE FORM 990 IS REVIEWED BY THE CFO AND CONTROLLER OF THE SAG-PRODUCERS FUNDS.
PART VI, SECTION B, LINE 12C - CONFLICT 0F INTEREST POLICY COMPLIANCE:	THE ORGANIZATION FOLLOWS THE CONFLICT OF INTEREST RULES AS APPLICABLE TO THE SCREEN ACTORS GUILD-PRODUCERS PENSION PLAN AS COVERED UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS THE PENSION PLAN WHOLLY OWNS THE ORGANIZATION.
PART VI, SECTION B, LINES 15A & 15B - COMPENSATION REVIEW PROCESS:	THE CHIEF EXECUTIVE OFFICER'S ("CEO") COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES, WHICH IS COMPRISED OF TRUSTEES FROM BOTH THE PRODUCERS AND SAG AFTRA. INCREASES ARE PREDETERMINED BASED ON A CONTRACTUAL AGREEMENT. ALL PLAN SALARIES, WITH THE EXCEPTION OF THE CEO, ARE PERIODICALLY EXAMINED BY AN INDEPENDENT, OUTSIDE COMPENSATION CONSULTANT. EMPLOYEE SALARIES ARE WITHIN A PREDETERMINED RANGE FOR SIMILAR POSITIONS COMPARED TO INDUSTRY STANDARDS FOR EACH POSITION.
PART XI, LINE 9 - OTHER CHANGES IN FUND BALANCES:	($2,115,284) NET CASH TRANSFERRED TO SAG-PRODUCERS PENSION PLAN

Return Reference

Explanation

PART V, LINES 2A & 2B - FILING OF FEDERAL EMPLOYMENT TAX RETURNS:

THE ORGANIZATION IS RELATED TO A GROUP OF JOINTLY ADMINISTERED NOT-FOR-PROFIT ORGANIZATIONS. SINCE THE ORGANIZATIONS CO-EXIST AT THE SAME PREMISES, THEY UTILIZE EACH OTHER'S PERSONNEL. SALARIES AND RELATED PAYROLL TAXES ARE PAID BASED ON PREDETERMINED PERCENTAGES. THE RELATED ORGANIZATION THAT ACTS A COMMON PAYMASTER FOR THE JOINTLY ADMINISTERED ORGANIZATIONS FILES ALL APPLICABLE FEDERAL EMPLOYMENT TAX RETURNS.

PART VI, SECTION A, LINE 3 - MANAGEMENT COMPANY:

JP MORGAN ASSET MANAGEMENT MANAGES THE PROPERTY LOCATED AT 3601 OLIVE AVENUE, BURBANK, CA AND IS RESPONSIBLE FOR PREPARING A YEARLY BUDGET, PROVIDING QUARTERLY REPORTS ON THE RENTAL OPERATIONS OF THE BUILDING, CONTRACTING WITH OTHER COMPANIES TO PROVIDE SERVICES TO THE BUILDING, AND PROVIDING OWNERSHIP WITH UPDATES TO THE MARKET CONDITIONS IN THE REAL ESTATE SEGMENT AND HOW THE BUILDING COMPARES IN VALUE TO OTHER COMPARABLE PROPERTIES.

PART VI, SECTION A, LINE 7A - POWER TO ELECT GOVERNING BOARD:

THE JOINT BOARD OF TRUSTEES OF THE SCREEN ACTORS GUILD-PRODUCERS PENSION AND HEALTH PLAN ELECT THE MEMBERS THAT COMPRISE THE ORGANIZATION'S GOVERNING BODY.

PART VI, SECTION A, LINE 8B - OTHER COMMITTEES WITH AUTHORITY TO ACT:

THE ORGANIZATION HAS NO OTHER COMMITTEE THAT MAY ACT ON BEHALF OF THE GOVERNING BODY.

PART VI, SECTION B, LINE 11B - REVIEW PROCESS OF FORM 990:

THE FORM 990 IS REVIEWED BY THE CFO AND CONTROLLER OF THE SAG-PRODUCERS FUNDS.

PART VI, SECTION B, LINE 12C - CONFLICT 0F INTEREST POLICY COMPLIANCE:

THE ORGANIZATION FOLLOWS THE CONFLICT OF INTEREST RULES AS APPLICABLE TO THE SCREEN ACTORS GUILD-PRODUCERS PENSION PLAN AS COVERED UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS THE PENSION PLAN WHOLLY OWNS THE ORGANIZATION.

PART VI, SECTION B, LINES 15A & 15B - COMPENSATION REVIEW PROCESS:

THE CHIEF EXECUTIVE OFFICER'S ("CEO") COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES, WHICH IS COMPRISED OF TRUSTEES FROM BOTH THE PRODUCERS AND SAG AFTRA. INCREASES ARE PREDETERMINED BASED ON A CONTRACTUAL AGREEMENT. ALL PLAN SALARIES, WITH THE EXCEPTION OF THE CEO, ARE PERIODICALLY EXAMINED BY AN INDEPENDENT, OUTSIDE COMPENSATION CONSULTANT. EMPLOYEE SALARIES ARE WITHIN A PREDETERMINED RANGE FOR SIMILAR POSITIONS COMPARED TO INDUSTRY STANDARDS FOR EACH POSITION.

PART XI, LINE 9 - OTHER CHANGES IN FUND BALANCES:

($2,115,284) NET CASH TRANSFERRED TO SAG-PRODUCERS PENSION PLAN

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2022

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