2024-07-24T15:17:35-05:00 2023-09-30 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-10-01 650102768 THE RHYTHM FOUNDATION INC RHYT 3056725202 PO BOX 414625 MIAMI BEACH FL 33141 JAMES QUINLAN EXECUTIVE DIRECTOR/CEO 3056725202 2024-07-24 1 JAMES QUINLAN 999009999 1 AARON M FOX P01365820 2022274000 2024-07-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MIAMI BEACH BANDSHELL MANAGEMENT JAMES QUINLAN PO BOX 414625 MIAMI BEACH FL 33141 3095137 0 X HTTP://WWW.RHYTHMFOUNDATION.COM/ X 1988 FL CULTURAL MUSIC PRESENTATION 16 16 34 18 0 0 1240507 1157491 1349714 1905092 2075 32554 273397 0 2865693 3095137 0 0 0 0 427551 496545 0 0 0 1817747 2369520 2245298 2866065 620395 229072 1314664 1674572 642968 637035 671696 1037537 X WE CREATE SHARED CULTURAL EXPERIENCES THAT BUILD AND STRENGTHEN THE DIVERSE COMMUNITIES OF SOUTH FLORIDA THROUGH THE PRESENTATION OF LIVE MUSIC. WE BELIEVE INTERNATIONAL CULTURAL EXCHANGE INJECTS EMPATHY AND POSITIVITY INTO THE GLOBAL CONVERSATION; CULTURAL ACTIVITY DEVELOPS COMMUNITY AND BUILDS NEIGHBORHOODS; SUSTAINABLE PRACTICES ARE POSSIBLE IN EVENT PRODUCTIONS; THAT MIAMI IS A GLOBAL CITY AND THAT OUR ARTISTS ARE WORLD-CLASS. 0 0 2051834 1905092 2022-2023 SEASON SERIES TOTAL AUDIENCE 78,000 2051834 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 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 1 109 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 FL X JAMES QUINLAN 3056725202 PO BOX 414625 MIAMI BEACH FL 33141 DARA SCHOENWALD BOARD PRESIDENT 1.00 X 0 0 0 MARSHALL PASTERNACK BOARD VICE PRESIDENT 1.00 X 0 0 0 ROBERT GLICK BOARD TREASURER 1.00 X 0 0 0 DONALD WORTH BOARD SECRETARY 1.00 X 0 0 0 JOHN ELIZABETH ALEMAN DIRECTOR 1.00 X 0 0 0 KARLA ARGUELLO DIRECTOR 1.00 X 0 0 0 MATT BECK DIRECTOR 1.00 X 0 0 0 ALEX BLAVATNIK DIRECTOR 1.00 X 0 0 0 GEANE BRITO DIRECTOR UNTIL 02/2023 1.00 X 0 0 0 DANA KULVIN DIRECTOR 1.00 X 0 0 0 PEDRO MENOCAL DIRECTOR 1.00 X 0 0 0 ROBERT PLESSETT DIRECTOR 1.00 X 0 0 0 BRANDI REDDICK DIRECTOR EX-OFFICER 1.00 X 0 0 0 RIGOBERTO RODRIGUEZ DIRECTOR 1.00 X 0 0 0 KATHERINE SANOJA DIRECTOR UNTIL 02/2023 1.00 X 0 0 0 ILAN SEGAL DIRECTOR UNTIL 02/2023 1.00 X 0 0 0 JASON WIESENFELD DIRECTOR 1.00 X 0 0 0 TRACY COLDEN DIRECTOR AS OF 02/2023 1.00 X 0 0 0 VANESSA STEINBERG DIRECTOR AS OF 02/2023 1.00 X 0 0 0 JAMES QUINLAN EXECUTIVE DIRECTOR, CEO 40.00 X 37971 0 0 LAURA QUINLAN PROGRAM DIRECTOR, CFO 40.00 X 44583 0 4017 82554 0 4017 0 0 0 0 0 80743 1061672 15076 1157491 CONCESSIONS 711300 645948 645948 CONTRACTED SERVICES 711300 512789 512789 ADMISSIONS 711300 323460 323460 VENUE RENTAL 711300 289113 289113 CORPORATE SUPPORT 711300 122750 122750 11032 11032 1905092 32554 32554 3095137 1905092 0 32554 88869 88869 337741 337741 5705 5705 7283 7283 56947 56947 1500 1500 25853 25853 146424 32520 113904 134948 134948 50574 13932 36642 99687 99687 3644 3644 110574 29363 81211 PRODUCTION EXPENSE 606074 606074 VENUE OPERATING MAINTEN 381672 381672 OUTSIDE ARTIST FEES 375641 375641 F&B EXPENSE 359397 359397 73532 18600 54932 2866065 2051834 814231 0 1048118 27527 0 185888 397265 21537 35425 46712 155858 32043 23278 12409 8765 0 1039453 0 10279 1314664 1674572 64916 73360 336431 215695 85000 241621 262980 642968 637035 X 671696 1037537 671696 1037537 1314664 1674572 229072 56769 80000 0 X 0 1 X 1 0 X 1351714 871800 550278 1320507 1157491 5251790 1351714 871800 550278 1320507 1157491 5251790 383459 4868331 2764 2075 32554 37393 213180 324708 537888 5827071 3853333 0.83550 0.90740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32043 23278 8765 8765 CREDIT CARD LIABILITY 22741 FISCAL AGENCY EXCHANGE 184800 FLORIDA DEPARTMENT OF REVENUE PAYABLE 5140 SECURITY DEPOSIT 52000 PAYROLL LIABILITY -1701 262980 X 3521386 56769 369480 426249 3095137 0 3095137 3235545 369480 369480 2866065 0 2866065 PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH GAAP, WHICH REQUIRES RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE FOUNDATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS AND NO ADJUSTMENTS TO ITS FINANCIAL POSITION, ACTIVITIES OR CASH FLOWS WERE REQUIRED. THE FOUNDATION DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS WILL INCREASE WITHIN THE NEXT TWELVE MONTHS. THE FOUNDATION DID NOT RECORD ANY INTEREST OR PENALTIES ON UNCERTAIN TAX POSITIONS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2023 AND 2022 OR THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEARS THEN ENDED. IF THE FOUNDATION WERE TO INCUR ANY INCOME TAX LIABILITY IN THE FUTURE, INTEREST ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INTEREST EXPENSE AND PENALTIES ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INCOME TAXES. JAMES QUINLAN EXECUTIVE DIRECTOR, CEO TO FUND MPROVEMENTS TO THE BANDSHELL X 85000 85000 0 0 0 85000 SCHEDULE L, PART II IN AUGUST 2023, THE FOUNDATION BORROWED $85,000 FROM A DIRECTOR OF THE FOUNDATION TO FUNDIMPROVEMENTS TO THE BANDSHELL. THE BORROWING WAS NON-INTEREST BEARING AND DUE ON DEMAND.AS OF SEPTEMBER 30, 2023, THE FOUNDATION OWED THE DIRECTOR $85,000 AS REPORTED ON THESTATEMENTS OF FINANCIAL POSITION. THE BORROWED AMOUNT WAS PAID IN FULL IN NOVEMBER 2023. FORM 990, PART VI, SECTION A, LINE 2 JAMES QUINLAN (EXECUTIVE DIRECTOR/CEO) MARRIED TO LAURA QUINLAN (PROGRAM DIRECTOR/CFO). FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE 990 (SENT AS A PDF BY EMAIL) BEFORE IT IS FILED. ONCE FILED, IT IS SHARED (AS A PDF) WITH THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD SECRETARY, DONALD WORTH, ACTING ON BEHALF OF THE BOARD EXECUTIVE COMMITTEE, RECEIVES A CONFLICT OF INTEREST STATEMENT FROM ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD EXECUTIVE COMMITTEE ACTS AS THE PERSONNEL COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE UPON REQUEST.