Lincoln Center Development Project Inc.

“FORM 990, PART I, LINE 1 AND PART III, LINE 1 TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE PLANNED REDEVELOPMENT AND TRANSFORMATION OF THE LINCOLN CENTER CAMPUS AND TO PROVIDE A MYRIAD OF SERVICES THAT WOULD FOSTER THE PERFORMING ARTS TO IMPROVE THE CULTURAL LIFE OF COMMUNITIES THROUGHOUT THE UNITED STATES AND THE WORLD. PROGRAM SERVICES FORM 990, PART III, LINE 4a ALL OF LCDP'S ACTIVITIES FURTHER ITS TAX-EXEMPT AND CHARITABLE PURPOSE BY EMBRACING LCPA'S GOAL OF FOSTERING THE PERFORMING ARTS TO IMPROVE THE CULTURAL LIFE OF COMMUNITIES THROUGHOUT THE UNITED STATES AND THE WORLD, AND PROVIDING ASSISTANCE IN ERECTING, RECONSTRUCTING, RENOVATING, MODERNIZING AND RECONFIGURING BUILDINGS OPEN TO THE PUBLIC FOR PUBLIC EXPOSITIONS AND CULTURAL ACTIVITIES. DURING THE FISCAL YEAR ENDED JUNE 30, 2014, THE REDEVELOPMENT PROJECTS PRIMARILY CONSISTED OF THE ASSESSMENT AND PLANNING FOR THE FUTURE REDEVELOPMENT OF AVERY FISHER HALL.”

“FORM 990,PART VI, LINE 4 LCDP updated its bylaws and certain policies to comport with the New York Nonprofit Revitalization Act. GOVERNING BODY AND MANAGEMENT FORM 990, PART VI, LINES 6, 7A AND 7B THERE ARE NO STOCKHOLDERS. THE BOARD IS A SINGLE MEMBER CORPORATION, WITH LINCOLN CENTER FOR THE PERFORMING ARTS, INC. AS ITS SOLE MEMBER, WITH THREE DIRECTORS DESIGNATED BY LINCOLN CENTER FOR THE PERFORMING ARTS, INC., AND ONE NON-VOTING DIRECTOR DESIGNATED BY THE CITY OF NEW YORK. VOTING MEMBERS HAVE THE GENERAL POWER TO CONTROL AND MANAGE THE AFFAIRS AND PROPERTY OF LCDP AND ADOPT RULES AND REGULATIONS GOVERNING ITS ACTIONS. CERTAIN GOVERNANCE DECISIONS ARE RESERVED TO LCDP'S SOLE MEMBER, LINCOLN CENTER FOR THE PERFORMING ARTS, INC., INCLUDING THE RIGHT TO REMOVE A DIRECTOR WITH OR WITHOUT CAUSE AND THE RIGHT TO CHANGE THE NUMBER OF DIRECTORS ON THE BOARD. ADDITIONALLY, NOTICE OF BOARD MEETINGS MUST BE GIVEN TO LINCOLN CENTER FOR THE PERFORMING ARTS, INC.”

“Form 990, part vi, line 11b lcdp's form 990 is prepared by its independent accounting firm with data provided by its finance department. When lcdp's staff and accounting firm approve the draft return, it is then provided to the audit committee for review and approval. Lcdp's board of directors has delegated responsibility for reviewing form 990 to the audit committee. When the audit committee approves the final draft, a copy is provided to the full board of directors prior to filing with the internal revenue service.”

“Form 990, part vi, line 12c lcdp board members and senior staff are required to fill out a conflict of interest form each fiscal year to confirm their compliance with lcdp's conflict of interest policy. The general counsel reviews all questionnaires and determines together with the audit committee whether a conflict of interest in fact exists. During the june 30, 2014 tax year, no potential new conflicts were reported. In the event of a potential conflict involving an existing or ongoing account, arrangement, relationship or transaction, the audit committee or the board regularly evaluates the benefits and appropriateness of the account, arrangement, relationship or transaction to ensure that it has been and continues to be handled within acceptable standards outlined in this policy.”

“Form 990, part vi, line 15a lcdp's executive director is paid by lcpa, a related organization, and compensation is governed by a contract executed in 2007 as amended in 2012. In determining the executive director's compensation, lcdp relied on a 2009 study by towers perrin (an independent compensation consultant) regarding executive compensation, and also obtained industry-wide compensation information for persons with similar responsibilities from one of the nation's leading real estate and construction firms. The individuals involved in assessing and determining compensation for the executive director are not permitted to have a conflict of interest under lcdp's conflict of interest policy. In addition, lcdp retains records of the compensation process and decisions. The executive director's is approved by the board.”

“FORM 990, PART VI, LINE 19 LCDP makes its annual financial statements available on Lincoln Center's website. Other governing documents and 990 are available upon request.”