2024-05-09T17:49:50-05:00 2023-06-30 420714325 RSM US LLP 10845 GRIFFITH PEAK DR STE 450 LAS VEGAS NV 89135 990 2022-07-01 880361875 THE SMITH CENTER FOR THE PERFORMING ARTS SMIT 7027492012 361 SYMPHONY PARK AVENUE LAS VEGAS NV 89106 RICK DARNOLD VP AND CHIEF FINANCIAL OFFICER 7027492012 2024-05-08 1 RICK DARNOLD 000000000 1 CHRISTOPHER J PLASTERER CPA P01710439 7027594000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MYRON MARTIN 361 SYMPHONY PARK AVENUE LAS VEGAS NV 89106 49197670 0 X WWW.THESMITHCENTER.COM X 1996 NV TO INSPIRE ARTISTS, AUDIENCES AND OUR DIVERSE COMMUNITY THROUGH THE PERFORMING ARTS. 23 23 289 130 1138872 0 21091270 8040263 13675441 32107385 3064897 2277393 1617347 2338378 39448955 44763419 120000 120000 0 0 9130196 11384052 0 0 2832319 19612075 34361534 28862271 45865586 10586684 -1102167 434343055 434584191 47598220 44469202 386744835 390114989 TO INSPIRE ARTISTS, AUDIENCES, AND OUR DIVERSE COMMUNITY THROUGH GREAT PERFORMANCES, ENRICHING EXPERIENCES, AND ENGAGING EDUCATIONAL PROGRAMMING. 0 0 33629242 30407027 DESIGNED TO EDUCATE, ENRICH AND INSPIRE THE LIVES OF THE LAS VEGAS VALLEY COMMUNITY BY PRESENTING WORLD CLASS PERFORMING ARTS. THE SMITH CENTER OFFERS A BLEND OF PERFORMANCES BY LOCAL ARTS GROUPS AS WELL AS FIRST RUN TOURING ATTRACTIONS. THE FEATURED MUSIC, THEATER AND DANCE COMPANIES CELEBRATE CULTURES FROM ALL OVER THE WORLD ALONG WITH LOCAL RESIDENT COMPANIES, THE LAS VEGAS PHILHARMONIC AND NEVADA BALLET THEATER. THE SMITH CENTER BEGAN OPERATIONS IN MARCH 2012 AND HAS ENRICHED THE LIVES OF AN ESTIMATE OF 2,585,000 PATRONS. 960240 120000 1314649 IN COLLABORATION WITH THE KENNEDY CENTER PARTNERS IN EDUCATION PROGRAM AND WOLF TRAP INSTITUTE FOR EARLY LEARNING THROUGH THE ARTS, WORKSHOPS, ARTIST RESIDENCIES AND DEMONSTRATION, TEACHING SESSIONS WERE CONDUCTED THROUGHOUT THE YEAR TO EDUCATE THE LAS VEGAS VALLEY COMMUNITY'S YOUTH THROUGH THE PERFORMING ARTS. NATIONAL AND INTERNATIONAL TOURING THEATER PRODUCTIONS BASED ON CHILDREN'S LITERATURE WERE PRESENTED FOR YOUNG AUDIENCES. PROGRAMMING FOCUSED ON PROVIDING A VARIETY OF PERFORMING ARTS EXPERIENCES FOR OVER A MILLION STUDENTS AND EDUCATORS IN PRE-K THROUGH GRADE 12 WITHIN CLARK COUNTY. PROGRAMMING WAS CONDUCTED ONSITE AND IN THE VENUES THROUGHOUT THE COMMUNITY. 34589482 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 136 0 1 289 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NV X RICK DARNOLD 7027492012 361 SYMPHONY PARK AVENUE LAS VEGAS NV 89106 DON SNYDER CHAIR 1.00 X X 0 0 0 DR KEITH BOMAN VICE CHAIRMAN 1.00 X X 0 0 0 SCOTT MACTAGGART DIRECTOR 1.00 X 0 0 0 ALAN FELDMAN DIRECTOR 1.00 X 0 0 0 JONATHAN HALKYARD DIRECTOR 1.00 X 0 0 0 RICHARD PLASTER DIRECTOR 1.00 X 0 0 0 MARK TRATOS SECRETARY 1.00 X 0 0 0 TODD-AVERY LENAHAN DIRECTOR 1.00 X 0 0 0 RORY REID DIRECTOR 1.00 X 0 0 0 ELLEN WITTEMORE DIRECTOR 1.00 X 0 0 0 LARK MCCARTHY DIRECTOR 1.00 X 0 0 0 MATTHEW FRAZIER DIRECTOR 1.00 X 0 0 0 RANDY GARCIA DIRECTOR 1.00 X 0 0 0 TONY ROSE DIRECTOR 1.00 X 0 0 0 RICHARD HADDRILL DIRECTOR 1.00 X 0 0 0 MICHAEL YACKIRA TREASURER 1.00 X 0 0 0 BETSY FRETWELL DIRECTOR 1.00 X 0 0 0 CINDY ELLIS DIRECTOR 1.00 X 0 0 0 DANA LEE DIRECTOR 1.00 X 0 0 0 ELAINE SANCHEZ DIRECTOR 1.00 X 0 0 0 JOHN BAILEY DIRECTOR 1.00 X 0 0 0 SHARI WONG DIRECTOR 1.00 X 0 0 0 CYNTHIA KISER MURPHY DIRECTOR 1.00 X 0 0 0 MYRON G MARTIN PRESIDENT/CEO 40.00 X 648863 0 44284 SUZANNE CHABRE VP OF MARKETING 40.00 X 259611 0 18992 GLENN MEDAS VICE PRESIDENT/COO 40.00 X 260072 0 11575 CANDICE SCHNEIDER VP OF EDUCATION/OUTREACH 40.00 X 157067 0 31803 RICHARD DARNOLD VICE PRESIDENT/CFO (AS OF 7/30/22) 40.00 X 55608 0 7749 EMMA MEDAS VP OF PHILANTRHOPY 40.00 X 139161 0 25167 JOHN D MCCOY SR. DIRECTOR OF MARKETING 40.00 X 111038 0 17754 MICHELLE BROWN DIRECTOR CORPORATE SPONSORSHIP 40.00 X 109708 0 18689 ROBERT STANLEY ASSOCIATE HEAD CARPENTER 40.00 X 110581 0 13910 JOHN WROTE HEAD AUDIO ENGINEER 40.00 X 108032 0 16040 JOHN BURNETT FORMER VICE PRESIDENT/CFO 0.00 X 186108 0 2402 2145849 0 208365 15 1 1 0 AND PEGGY TOUR LLC 1501 BROADWAY 24TH FLOOR NEW YORK NY 10036 ARTIST PAYMENT 4075881 MRB TOUR LLC 1650 BROADWAY ST 800 NEW YORK NY 10019 ARTIST PAYMENT 2465117 BUENA VISTA THEATRICAL GROUP LTD 214 WEST 42ND STREET NEW YORK NY 10036 ARTIST PAYMENT 2329382 SIX BOLEYN TOUR LLC 561 7TH AVE 3RD FL NEW YORK NY 10018 ARTIST PAYMENT 2204285 TKMB NATIONAL TOUR LLC 7135 MINSTREL WAY SUITE 105 COLUMBIA MD 21045 ARTIST PAYMENT 1195409 14 8040263 1135403 8040263 TICKET REVENUE 711190 28941028 28941028 MISC REVENUE & FEES 711190 1816737 1816737 CONCESSION REVENUE 711190 808513 808513 COMMISSION REVENUE 711190 385709 385709 MERCHANDISE REVENUE 711190 155398 155398 32107385 1697385 1697385 2338378 0 2338378 2338378 753163 1585215 5014259 4146314 287937 867945 -287937 580008 580008 44763419 31721676 1138872 3862608 20000 20000 100000 100000 1540333 709889 687706 142738 7742624 5146023 2097180 499421 1382783 988379 318155 76249 718312 487185 189121 42006 92737 5110 87627 15029 4370 10659 94075 94075 1483927 1131512 242858 109557 1335727 930520 397294 7913 147222 12020 135202 86020 23910 55013 7097 5869154 4416627 1089664 362863 395978 134913 261065 PRODUCTION COSTS 22138153 19050113 1522776 1565264 UTILITIES 918283 855748 62535 SUPPLIES 347391 252841 93757 793 SERVICE CONTRACT 231702 215923 15779 1206136 104399 1083319 18418 45865586 34589482 8443785 2832319 7595018 809140 5907890 12604230 368397 1591105 349296 366632 971838 294739 384095102 84027446 305293370 300067656 85899210 99724384 9774656 18183380 19126305 434343055 434584191 2301933 2355030 14862931 11869008 30433356 30245164 47598220 44469202 X 107629899 110027570 279114936 280087419 386744835 390114989 434343055 434584191 X -1102167 3711818 760503 X 0 1 X 1 1 1 X 6822033 11000714 7982754 10652891 8040263 44498655 6822033 11000714 7982754 10652891 8040263 44498655 9362212 35136443 3425578 3188882 830805 2550686 3282600 13278551 1138872 1138872 58916078 88449165 0.59640 0.90780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1583306 X X 0 95673866 1254518 5252114 2460000 70707 99649791 95054533 7993413 -5537640 1786153 50287 95673866 72568100 5451037 21187743 4101037 51310 95054533 68536519 5615214 1819517 3365214 37936 72568100 65897501 2191667 2281995 1791667 42977 68536519 0.01000 0.54000 0.45000 0 0 2876705 2876705 354547468 58939822 295607646 25087624 25087624 0 1583305 1583305 300067656 CONTRIBUTIONS PAYABLE 26997537 LOANED ART LIABILITY 343000 SPLIT INTEREST AGREEMENT LIABILITY 2299680 457B RETIREMENT BENEFIT 604947 30245164 X 49240240 3711818 4500 760503 4476821 44763419 0 44763419 45870086 4500 4500 45865586 0 45865586 PART V, LINE 4: ENDOWMENT FUNDS ARE, ASSUMING CONDITIONS ARE MET, USED FOR OPERATING, MAINTAINING, OR EXPANDING THE SMITH CENTER ALONG WITH PROVIDING EDUCATIONAL PROGRAMS. PART X, LINE 2: MANAGEMENT EVALUATED TSC'S TAX POSITIONS AND CONCLUDED THAT TSC HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 760,503. CAYMAN ISLANDS 0 0 INVESTMENTS 23192775 BRITISH VIRGIN ISLANDS 0 0 INVESTMENTS 83785 0 0 0 0 0 0 23276560 0 23276560 1 0 1 0 1 0 PART III ACCOUNTING METHOD: 0 TEACHER APPRECIATION 20 100000 PART I, LINE 2: FUNDS WERE GIVEN TO RECOGNIZE OUTSTANDING TEACHERS AND SCHOOLS WITHIN THE CLARK COUNTY SCHOOL DISTRICT. X X X X X 0 0 0 0 0 0 0 0 0 MYRON G MARTIN PRESIDENT/CEO 520169 0 125000 0 3694 0 29650 0 14634 0 693147 0 0 0 SUZANNE CHABRE VP OF MARKETING 224669 0 32251 0 2691 0 6300 0 12692 0 278603 0 0 0 GLENN MEDAS VICE PRESIDENT/COO 225130 0 32251 0 2691 0 7243 0 4332 0 271647 0 0 0 CANDICE SCHNEIDER VP OF EDUCATION/OUTREACH 140516 0 14130 0 2421 0 3937 0 27866 0 188870 0 0 0 JOHN BURNETT FORMER VICE PRESIDENT/CFO 167017 0 18852 0 239 0 2016 0 386 0 188510 0 0 0 EMMA MEDAS VP OF PHILANTRHOPY 138995 0 0 0 166 0 4277 0 20890 0 164328 0 0 0 X WYNN RESORTS 800 300496 FMV X SPIEGELWORLD 800 280000 FMV X ADMITVIP/TICKET KTIE 800 96000 FMV X LAS VEGAS REVIEW JOURNAL 1 90000 FMV X WESTGATE RESORTS 800 80000 FMV X ILLUMINATE VEGAS INC. 200 43200 FMV X ALLEGIANT AIR 800 40000 FMV X STARVOX TOURING 200 35996 F,MV X ENGLISH HOSPITALTIY GROUP 1 29000 FMV X DESTINATIONS BY DESIGN 1 18000 FMV X SPI ENTERTAINMENT 200 17500 FMV X PIFF THE MAGIC DRAGON 200 12590 FMV X RSVP PARTY RENTALS 1 11970 FMV X TERRY FATOR FOUNDATION 100 10800 FMV X DISCOVERY CHILDRENS MUSEUM 800 10800 FMV X KALIFONO 800 10400 FMV X LAS VEGAS MINI GRAND PRIX 800 8200 FMV X CASHMAN PHOTO ENTERPRISES 2 7500 FMV X AMAZON SMILE FOUNDATION 450 4750 FMV X DARK HORSE TACTICAL 1 4500 FMV X NOTHING BUNDT CAKES 800 4240 FMV X KNPR RADIO/DESERT COMPANION 1 3775 FMV X SHOWBOY BAKESHOP 800 3560 FMV X CAESARS FOUNDATION 800 3000 FMV X DIVINE EVENTS 120 2912 FMV X MASSAGE ENVY 20 2400 FMV X FREED'S BAKERY 776 2204 FMV X FOREO 20 1780 FMV X TOPGOLF LAS VEGAS 20 1200 FMV X AVEDA INSTITUTE LAS VEGAS 20 1000 FMV X ZAPPOS FOR GOOD 65 995 FMV X TESPOON 20 460 FMV X STATION CASINOS 300 375 FMV X CHIC COMPASS 1 300 FMV 0 0 0 0 PART I, COLUMN (B): USING A COMBINATION OF THE TWO METHODS ABOVE FORM 990, PART VI, SECTION A, LINE 2 GLENN MEDAS AND EMMA DURANT/MEDAS GOT MARRIED 01/08/2023 FORM 990, PART VI, SECTION B, LINE 11B THE SMITH CENTER FOR THE PERFORMING ARTS BOARD OF DIRECTORS ANNUALLY REVIEWS POLICY DOCUMENTS AND INFORMATION REQUIREMENTS THAT ARE REPORTED IN FORM 990. A COPY OF THE COMPLETE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES SIGN A STATEMENT ACKNOWLEDGING THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY WHEN THEY ARE HIRED. FORM 990, PART VI, SECTION B, LINE 15 THE SMITH CENTER FOR THE PERFORMING ARTS BOARD OF DIRECTORS MEETS IN EXECUTIVE SESSION AT LEAST ANNUALLY TO DETERMINE COMPENSATION FOR KEY EMPLOYEES OF THE ORGANIZATION. MEMBERS OF THE BOARD OF DIRECTORS ARE VOLUNTEERS WHO RECEIVE NO COMPENSATION FROM THE ORGANIZATION IN THEIR ROLES AS OFFICERS OR DIRECTORS. FOR KEY EMPLOYEES, THE BOARD AND THE COMPENSATION COMMITTEE REVIEW COMPARABILITY DATA INCLUDING NATIONAL INDUSTRY SURVEYS AND REGIONAL SURVEYS. THE BOARD ALSO CONTRACTS WITH AN INDEPENDENT THIRD PARTY TO GATHER VERY SPECIFIC COMPARABILITY DATA, REVIEW PROPOSED CHANGES IN COMPENSATION AND MAKE RECOMMENDATIONS REGARDING KEY EMPLOYEE COMPENSATION. INDEPENDENT THIRD-PARTY ORGANIZATIONS ARE ALSO ENGAGED FROM TIME TO TIME TO REVIEW AND DOCUMENT ANY COMPENSATION ARRANGEMENTS BEYOND BASE SALARY FOR COMPARABILITY AND LEGAL COMPLIANCE, ALL EXECUTIVE SESSIONS THAT INVOLVE COMPENSATION DELIBERATION AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN MEETING MINUTES. THE SMITH CENTER OBTAINS COMPARABILITY DATA FOR ALL OFFICERS AND KEY EMPLOYEES TO DETERMINE COMPENSATION. THE SMITH CENTER ALSO HAS AN INDEPENDENT COMPENSATION COMMITTEE TO DETERMINE COMPENSATION. THE PROCESS AND PROCEDURE INCLUDES CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION ON THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS AND FORM 990 AND 990-T ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 760,503. NORMAN M FORRESTER TTE PO BOX 3222 PALM BEACH CA 922613222 CRT TRUST CA 0 7796371 N/A