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 an annual basis. Each director signs a certificate of compliance acknowledging that they have received and read the policy and that they are in compliance with the policy. In addition each director is required to disclose annually those 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 governance committee. That committee reviews and approves all compensation. Compensation is approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions. Such review, including deliberations and decisions regarding compensation, are documented. The board of directors has appointed two members to the compensation committee. That committee reviews and approves all compensation. Compensation is approved using data as to comparable positions. Such review, 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.”

“Meca's operations for fiscal 2024 have achieved unprecedented success, setting new records across all venues and events. At the chi health center arena, 26 concerts were held, featuring highly sought-after artists such as jelly roll, jonas brothers, shania twain, eagles, stevie nicks, olivia rodrigo and multiple sold-out performances by zach bryan. In addition to these remarkable concerts, the arena also hosted the return of creighton regular-season men's basketball, the inaugural season of the supernovasomaha's first women's professional volleyball franchiseand a highly anticipated return of march madness, which saw midwest teams iowa state and illinois advance to the sweet 16. These events, among others, helped the arena welcome over 824,000 guests throughout the fiscal year. The chi health center convention center also experienced significant demand, accommodating over 237,000 guests across 254 event days. These included 50 citywide events, 18 consumer shows and 186 additional events, encompassing a range of philanthropic gatherings, sports competitions and vip pre-concert activities. Meca's convention center team has successfully secured multi-year, repeat business, while showcasing downtown omaha's growing attractions. A large portion of fiscal 2024 was dedicated to planning and designing an expansion that will add 256,140 square feet of meeting space. This expansion is currently under construction, and in november 2024, omaha voters approved the issuance of $100 million in general obligation bonds to partially fund the $175 million project. Upon completion, the expansion will enable meca to host larger and concurrent events, significantly enhancing its competitive standing within the industry and generating an estimated $1.2 billion in additional economic impact, as reported in a strategic database research study commissioned by meca and visit omaha. Furthermore, the $25 million allocated for the modernization of existing equipment and finishes will ensure that all spaces within the convention center align with the design of the new expansion, creating a cohesive and state-ofthe-art environment for clients. Charles schwab field omaha (csfo) had another highly successful year, culminating in recordbreaking partner revenues during the 2024 men's college world series (mcws). The thrilling championship, in which the tennessee volunteers triumphed over the texas a&m aggies to claim their first national title, further elevated the prestige of the event. In addition to the mcws, csfo hosted all home games for the creighton bluejays, the big ten baseball tournament, and the high school baseball national championship. Contractually, meca is responsible for the first $100,000 of stadium profits or losses. For fiscal 2023-2024, csfo generated a profit outside of the ncaa men's college world series of $828,000, of which meca retained $100,000. The remaining $728,000 will be remitted to the city of omaha upon issuance of this report. Meca's wholly owned subsidiary, meca tri-park complex, llc, branded as "the riverfront," celebrated a highly successful year managing all three parks, now open to the public. This highly activated park space hosted numerous community events, festivals and concerts including the nebraska crossroads music festival co-commissioned with the new york philharmonic, the midwest fest makers and craft market, fidofest for pet owners and enthusiasts and a solar eclipse party, just to name a few of the innovative activations orchestrated by the park's programming team. Financially, fiscal 2023-2024 marked a historic achievement for meca, with record profits before depreciation and amortization. The authority posted a net profit of $11.5 million before depreciation and amortization, and $8.3 million after depreciation and amortization for chi health center omaha (chihco). These results reflect meca's sustained success and highlight its role as a key driver of omaha's economic vitality, reinforcing its reputation as”

“Ticket expense: program service expenses 3,673,925. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,673,925. Reserve funding: program service expenses 2,796,008. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,796,008. Audio visual: program service expenses 1,786,899. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,786,899. Building services: program service expenses 1,473,078. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,473,078. Parking fees: program service expenses 1,471,878. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,471,878. Equip rental and maintenance: program service expenses 1,036,473. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,036,473. Operating supplies: program service expenses 812,824. Management and general expenses 0. Fundraising expenses 0. Total expenses 812,824. Facility fees: program service expenses 704,976. Management and general expenses 0. Fundraising expenses 0. Total expenses 704,976. Credit card fees: program service expenses 643,099. Management and general expenses 0. Fundraising expenses 0. Total expenses 643,099. Miscellaneous: program service expenses 613,923. Management and general expenses 0. Fundraising expenses 11,284. Total expenses 625,207. Seating fees: program service expenses 144,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 144,000.”