Metropolitan Entertainment & Convention Authority

“Meca provides each director a copy of the then-current instructions to form 990 on an annual basis. Prior to filing a final form 990 with the irs, meca provides each director with a draft of the form 990. Meca responds to any questions, suggestions, and recommendations of the directors and makes any subsequent required changes.”

“Meca provides each director a copy of the conflict of interest policy on anannual basis. Each director signs a certificate of compliance acknowledgingthat they have received and read the policy and that they are in compliancewith the policy. In addition each director is required to disclose annuallythose relationships that are required to be reported on schedule l of the form 990.”

“The board of directors has appointed two members to the internal governancecommittee. That committee reviews and approves all compensation.compensation is approved using data as to comparable compensation forsimilarly qualified persons in functionally comparable positions. Suchreview, including deliberations and decisions regarding compensation, aredocumented.the board of directors has appointed two members to the compensationcommittee. That committee reviews and approves all compensation.compensation is approved using data as to comparable positions. Suchreview, including deliberations and decisions regarding compensation, is documented.”

“The organizations governing documents, conflict of interest policy, and financial statements are not made available to the public if they include prioprietary information.”

“Continuing its rich tradition of hosting nationally coveted events and continuously growing community attendance, meca began fiscal 2020 with the promise of achieving a record year. Through july 2019 until march of 2020, meca-managed facilities drew in over five hundred eighty five thousand guests to various concerts, sporting events, citywide expositions, consumer shows and meetings. The last fiscal quarter of 2020 (april through june) was slated to be among the busiest in meca's 20-year history; however, the covid-19 pandemic struck and drastically changed the authority's financial fate for fiscal 2019-2020. Before the worldwide pandemic brought meca's event schedule to an abrupt halt (in march 2020), the arena hosted sell-out performances for chris stapleton, the backstreet boys, alan jackson, phil collins, the jonas brothers, post malone, and jason aldean. Family-friendly, back-to-back dirt events brought in fans of all ages for the river city rodeo and monster jam. Attendance for creighton men's basketball continued to set regular season records as the bluejays vied for the top spot in the big east conference and an ncaa tournament berth. In fact, country music star blake shelton's production team was on site at the chi health center setting up for a sold-out concert when he (shelton) decided on a last-minute cancelation just hours before showtime. The large events industry nationwide have not been the same since. In its first quarters, the convention center successfully hosted 10 citywide events, 7 consumer shows and various meetings or social events for a total of 164 event days and two hundred thousand in attendance. However, the necessity to cancel or postpone in-person gatherings greatly impacted this piece of meca's business with a noticeable and sudden drop-off in clientele. It is meca's hope and belief though, that the convention center will play an integral role in the authority's financial rebound given its ability to host smaller-format events and intimate in-person and socially distanced meetings in the coming months. Before the covid-19 pandemic, the authority began an important safety upgrade encompassing a multi-million-dollar traffic barrier project to protect pedestrians visiting meca's campus. Phase i of the project, which strategically safeguards areas of high foot-traffic near the chi health center and td ameritrade park omaha, was successfully completed utilizing accumulated capital reserves totaling $2,254,000 in early 2020. Unfortunately, the remainder of this project has been placed on hold until business conditions warrant, and adequate reserves have been set aside. Upon the multi-year project's completion, these traffic barriers will contribute to greater campus-wide safety (while preserving facility aesthetics) at the same time ensuring an increased level of protection for both meca-managed assets. The world health organization's declaration of the coronavirus (covid-19) as a pandemic in march 2020 resulted in limitations on large, public gatherings which predictably had an adverse effect on meca's bottom line in fiscal 2019-2020. Dozens of events canceled or postponed, which not only impacted meca's financial wellbeing but greater omaha's economic community as well. Ncaa basketball tournament's first & second rounds, the berkshire hathaway annual shareholders meeting, the usa olympic team trials for swimming, and the 2020 ncaa division i men's college world series are just a few of the high-profile, highly anticipated events that were canceled or postponed in 2020. The local impact of the top 5 largest meeting cancelations from meca's convention center alone was estimated by visit omaha (the city's convention and visitor's bureau) to be a $6.3 million dollar loss. At this time, the full economic impact on meca and duration of the global pandemic remains unknown. The authority continues to comply with directed health measures (dhms) issued by the nebraska department of health and human services”

“Audio visual: program service expenses 1,082,104. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,082,104. Revenue sharing - stadium: program service expenses 1,061,893. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,061,893. Contract labor: program service expenses 953,535. Management and general expenses 0. Fundraising expenses 0. Total expenses 953,535. Miscellaneous: program service expenses 625,461. Management and general expenses 0. Fundraising expenses 4,146. Total expenses 629,607. Parking: program service expenses 576,467. Management and general expenses 0. Fundraising expenses 0. Total expenses 576,467. Reserve funding - stadium: program service expenses 500,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 500,000. Supplies: program service expenses 476,220. Management and general expenses 0. Fundraising expenses 0. Total expenses 476,220. Equipment rental: program service expenses 416,082. Management and general expenses 0. Fundraising expenses 0. Total expenses 416,082. Ticket expense: program service expenses 342,693. Management and general expenses 0. Fundraising expenses 0. Total expenses 342,693. Facility fees: program service expenses 286,836. Management and general expenses 0. Fundraising expenses 0. Total expenses 286,836. Credit card fees: program service expenses 235,897. Management and general expenses 0. Fundraising expenses 0. Total expenses 235,897. Seating fees: program service expenses 141,600. Management and general expenses 0. Fundraising expenses 0. Total expenses 141,600.”