TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Inspection
Name of the organization
Sixteen Hundred Eye Street Corporation
Employer identification number
52-0854445
52-0854445
| Return Reference | Explanation |
|---|---|
| Program Services | Form 990, Part III, Question 4 The Organization's exempt purpose is to own and manage a commercial office building in Washington, D.C. In 2017, the office building was divided into 2 commercial condominium units, the larger of which was sold to a developer. The unit sold comprised 80% of the total building square footage. The smaller unit (20%) is being retained by the organization for continued use by its parent company, the Motion Picture Association of America, Inc. The entire building was vacant throughout 2018 while redevelopment is in process. Construction is expected to be complete in the 3rd quarter of 2019. Description of Classes of Members or Stockholders Form 990, Part VI, Question 6 YES, THE ORGANIZATION HAS ONE STOCKHOLDER - ITS PARENT COMPANY, MOTION PICTURE ASSOCIATION OF AMERICA, INC. Description of Classes of Persons and the Nature of their Rights Form 990, Part VI, Question 7a YES, THE STOCKHOLDER ELECTS THE BOARD OF DIRECTORS AT THE ANNUAL STOCKHOLDER MEETING. Description of Classes of Persons, Decisions Requiring Approval & Type of Voting Rights Form 990, Part VI, Question 7b YES, THE STOCKHOLDER HAS THE POWER TO APPROVE ANY CHANGES IN THE BYLAWS. Description of Practices Re: Documentation of Mtgs & Actions of Committees Form 990, Part VI, Question 8b There were no committee meetings held during the year. Mailing Address of Persons to be Contacted at a Different Address Form 990, Part VI, Question 9 Mark Badagliacca - Paramount Pictures Corporation, 5555 Melrose Ave., Los Angeles, CA 90038-3197 Rowan Conn - Universal City Studios LLC, 100 Universal City Plaza, Universal City, CA 91608 Kathy Nielsen - Sony Pictures Entertainment Inc., 10202 Washington Blvd., Culver City, CA 90232 John Rogovin - Warner Bros. Entertainment Inc., 4000 Warner Blvd., Burbank, CA 91522-0001 Paul Shurgot - Walt Disney Studios Motion Pictures, 500 S. Buena Vista St., Burbank, CA 91521 Jane Waxman - Twentieth Century Fox Film Corporation, 10201 W. Pico Blvd., Los Angeles, CA 90064 Review Process of Form 990 Review Form 990, Part VI, Question 11b Form 990 is prepared internally and reviewed by our external tax advisors, who are paid preparers. A draft of the 990 is reviewed by the organization's parent company financial management team consisting of the Director of Reporting, SVP Controller, and EVP CFO (who is also the President of the organization). Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Question 12 THE CONFLICT OF INTEREST POLICY MANDATES THAT DIRECTORS, OFFICERS & KEY EMPLOYEES, IF ANY, HAVE A RESPONSIBILITY TO DISCLOSE TO THE VP & SECRETARY THEIR INTERESTS THAT COULD GIVE RISE TO FINANCIAL CONFLICTS Of INTEREST. THESE PARTIES ARE SURVEYED ANNUALLY TO IDENTIFY POTENTIAL CONFLICTS AND ENSURE COMPLIANCE WITH THE ORGANIZATION'S POLICY. Responses are reviewed by the TREASURER to determine whether a conflict may exist; if so, the organization's TREASURER and VP & SECRETARY evaluate: a) whether the conflict influenced any transactions or decisions, b) if so, whether any present measure can cure or mitigate that conflict & c) what can be done in the future to prevent such conflicts. If an actual past conflict is discovered, the conflicted person(s) may be subject to discipline if the conflict was not reported, and also for participating in a decision or transaction that posed a conflict of interest. If a conflict involving either the Treasurer or VP & Secretary is identified, the other non-conflicted executive will be required to bring it to the attention of the President. Officers & Positions for Which Process was Used & Year Process Was Begun Form 990, Part VI, Questions 15a & 15b OFFICERS OF THE ORGANIZATION ARE EMPLOYED AND PAID BY THE PARENT COMPANY, Motion Picture Association of America, Inc. (MPAA). Their compensation is determined by the CEO and CFO of MPAA, after a review and comparison to salaries earned by incumbents and similarly situated professionals, along with the candidate's experience and salary history. The process was last performed in 2018. |
| Reconciliation of Net Assets | Form 990, Part XI, Question 9 Change in Retiree Medical Liability 23,115 |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018
Additional Data
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