2023-04-13T10:07:19-05:00 2022-05-31 382029668 GJC CPA'S & ADVISORS 535 GRISWOLD STREET SUITE 1200 DETROIT MI 482263689 990 2021-06-01 381689022 INTERLOCHEN CENTER FOR THE ARTS INTE 2312767200 PO BOX 199 INTERLOCHEN MI 496430199 PATRICK M KESSEL VICE-PRES., FINANCE AND OPERATIONS 2312767200 2023-04-13 1 PATRICK KESSEL 999009999 MICHAEL R NICHOLAS P00966144 3139652655 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z PATRICK M KESSEL PO BOX 199 INTERLOCHEN MI 496430199 139800181 0 X WWW.INTERLOCHEN.ORG X 1927 MI TO ENGAGE AND INSPIRE PEOPLE WORLDWIDE THROUGH EXCELLENCE IN EDUCATIONAL, ARTISTIC, AND CULTURAL PROGRAMS, ENHANCING THE QUALITY OF LIFE THROUGH THE UNIVERSAL LANGUAGE OF ARTS 34 34 1327 457 106280 102280 13018353 51628028 41979545 51097243 5652400 7626211 443733 1767471 61094031 112118953 16815635 17995521 0 0 27157390 31524224 0 0 3087250 12775672 17310700 56748697 66830445 4345334 45288508 269104599 306348404 49471903 48869728 219632696 257478676 X INTERLOCHEN CENTER FOR THE ARTS ("ICA") ENGAGES AND INSPIRES PEOPLE WORLDWIDE THROUGH EXCELLENCE IN EDUCATIONAL, ARTISTIC, AND CULTURAL PROGRAMS, ENHANCING THE QUALITY OF LIFE THROUGH THE UNIVERSAL LANGUAGE OF ARTS. 0 0 36162880 15769491 38204536 INTERLOCHEN ARTS ACADEMY, THE NATION'S FIRST AND FOREMOST BOARDING FINE ARTS HIGH SCHOOL, UNITES STUDENTS WITH OTHERS WHO VALUE THEIR HIGHEST ASPIRATIONS, CREATING A CLOSE-KNIT ARTISTS' COMMUNITY. OVER 500 OF THE WORLD'S MOST TALENTED AND MOTIVATED YOUNG ARTISTS STUDY MUSIC, DANCE, THEATRE, VISUAL ARTS, CREATIVE WRITING, INTERDISCIPLINARY ARTS, AND FILM AND NEW MEDIA IN A COLLEGE-LIKE SETTING. THEY FIND IN THE ACADEMY A FAST-PACED, CREATIVE ENVIRONMENT THAT CHALLENGES, INSPIRES, AND FOCUSES THEIR TALENTS. WHILE PRODUCING MORE THAN 250 ARTISTIC PRESENTATIONS IN THE SCHOOL YEAR, ACADEMY STUDENTS ALSO MASTER A RIGOROUS COLLEGE PREPARATORY ACADEMIC CURRICULUM THAT PREPARES THEM TO TAKE PROMINENT ROLES IN A WHOLE UNIVERSE OF PROFESSIONAL ENDEAVORS. SEE SCHEDULE O FOR ADDITIONAL INFORMMATION.DURING THE SCHOOL YEAR ENDED MAY 31, 2022, THERE WERE 572 STUDENTS, 458 OF WHOM RECEIVED GRANTS. 16072391 2198030 10385205 THE WORLD'S PREMIER SUMMER ARTS PROGRAM FOR ASPIRING ARTISTS FROM GRADES 3 THROUGH 12, INTERLOCHEN ARTS CAMP ATTRACTS STUDENTS, FACULTY, AND STAFF FROM ALL 50 STATES IN THE U.S., AS WELL AS MORE THAN 40 COUNTRIES. THE WORLD'S BEST AND BRIGHTEST STUDENTS TRAIN INTENSIVELY WITH WORLD CLASS INSTRUCTORS AND PRODUCE MORE THAN 400 PRESENTATIONS EACH SUMMER IN DANCE, THEATER, CREATIVE WRITING, VISUAL ARTS, FILM AND NEW MEDIA, AND MUSIC. DURING SUMMER 2021, THERE WERE 2,274 STUDENTS, 910 OF WHOM RECEIVED GRANTS. 2870070 1827069 "INTERLOCHEN PRESENTS" BRINGS A WORLD OF SUPERB PRESENTATIONS TO THE DOORSTEP OF NORTHWEST LOWER MICHIGAN, ENHANCING THE REGION'S POSITION ON THE GLOBAL ARTS MAP. MORE THAN 600 EVENTS EACH YEAR BY STUDENTS, FACULTY, AND DISTINGUISHED GUEST ARTISTS MAKE INTERLOCHEN ONE OF THE NATION'S LARGEST ARTS PRESENTERS. THERE IS A COMBINED SEATING CAPACITY OF 12,500, AND THERE ARE APPROXIMATELY 130,000 ATTENDEES ANNUALLY. 114803 28000 486196 "INTERLOCHEN ONLINE" IS AN INTERACTIVE VIRTUAL PLATFORM THAT BRINGS THE GLOBALLY RENOWNED INTERLOCHEN EXPERIENCE INTO THE HOMES OF YOUNG ARTISTS. ICA OFFERS A DIVERSE SELECTION OF ONLINE ARTS PROGRAMMING IN MULTIPLE SETTINGS, INCLUDING GROUP CLASSES AND PRIVATE LESSONS. DURING THE SCHOOL YEAR ENDED MAY 31, 2022, THERE WERE 370 STUDENTS, 11 OF WHOM RECEIVED GRANTS. 287007 193428 INTERLOCHEN COLLEGE OF CREATIVE ARTS OFFERS AN ENGAGING - AND EVOLVING - SERIES OF CLASSES AND PROGRAMS FOR ADULTS CALLED "INTERLOCHEN FOR LIFE". MEMBERS OF THE INTERLOCHEN COMMUNITY - OF ALL AGES - THRIVE ON OPPORTUNITIES TO LEARN AND EXPRESS THEMSELVES CREATIVELY AND ON THE STRONG RELATIONSHIPS THAT RESULT FROM SUCH MEANINGFUL ENDEAVORS. 1894246 809 INTERLOCHEN PUBLIC RADIO ("IPR"), THROUGH TWO LISTENER-SUPPORTED BROADCAST SERVICES, CONNECTS NORTHWEST LOWER MICHIGAN WITH ARTS, NEWS, AND CULTURE ON A GLOBAL SCALE. IPR ALSO GIVES SIGNIFICANT FOCUS TO LOCAL AND REGIONAL NEWS, INFORMATION, AND ARTISTS, PROVIDING A TRUSTED CONTEXT FOR COMMUNITY DISCUSSION AND SHOWCASING THE VITALITY AND DIVERSITY OF THE GRAND TRAVERSE REGION. SERVING LISTENERS ALL OVER NORTHERN MICHIGAN - AND ALL OVER THE WORLD VIA THE INTERNET - IPR VALUES ITS POTENTIAL TO IMPACT INDIVIDUAL LIVES EVERY DAY, 24 HOURS A DAY. THE COVERAGE AREA INCLUDES MOST OF THE NORTHERN TWO-THIRDS OF LOWER MICHIGAN AND THE EASTERN THIRD OF THE UPPER PENINSULA OF MICHIGAN. 2296056 28000 680433 57401397 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 185 0 1 1327 1 1 1 1 CA CJ LU 0 0 0 0 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MI X X PATRICK M KESSEL 2312767200 PO BOX 199 INTERLOCHEN MI 496430199 ARTHUR DEVEY PRESIDENT AND EX-OFFICIO TRUSTEE 50.00 X X 861461 0 119880 KURTIS WILDER CHAIR 1.50 X X 0 0 0 SAUL GOLDSTEIN VICE-CHAIR 1.50 X X 0 0 0 SARAH HARDING VICE-CHAIR 1.50 X X 0 0 0 BERNETTA AVERY TRUSTEE 1.50 X 0 0 0 KEITH W BAUM TRUSTEE 1.50 X 0 0 0 EVAN BREIBART TRUSTEE 1.50 X 0 0 0 CASEY G COWELL TRUSTEE 1.50 X 0 0 0 VALERIE DILLON TRUSTEE 1.50 X 0 0 0 DANIEL HAMANN TRUSTEE 1.50 X 0 0 0 CYNTHIA L HANN TRUSTEE 1.50 X 0 0 0 STEVEN E HAYDEN TRUSTEE 1.50 X 0 0 0 MARIA HERRERA TRUSTEE 1.50 X 0 0 0 LISA HERRICK TRUSTEE 1.50 X 0 0 0 NANCY HOAGLAND TRUSTEE 1.50 X 0 0 0 JEFF JACOBS TRUSTEE 1.50 X 0 0 0 SUSAN KETTERING TRUSTEE 1.50 X 0 0 0 JAY KOJIMA TRUSTEE 1.50 X 0 0 0 BARBARA KRATCHMAN TRUSTEE 1.50 X 0 0 0 GREGG LATTERMAN TRUSTEE 1.50 X 0 0 0 JOHN F MANUEL TRUSTEE 1.50 X 0 0 0 DAVID P MIN TRUSTEE 1.50 X 0 0 0 ELAINE MISCHLER TRUSTEE 1.50 X 0 0 0 THOMAS W MORRIS TRUSTEE 1.50 X 0 0 0 WILLIAM C NELSON TRUSTEE 1.50 X 0 0 0 TOM QUINN TRUSTEE 1.50 X 0 0 0 BARRETT ROLLINS TRUSTEE 1.50 X 0 0 0 BECKY RUTHVEN TRUSTEE 1.50 X 0 0 0 BECKY VITAS SCHAMIS TRUSTEE 1.50 X 0 0 0 SUMIT SENGUPTA TRUSTEE 1.50 X 0 0 0 CLAIRE SKINNER TRUSTEE 1.50 X 0 0 0 EDGAR L SMITH JR TRUSTEE 1.50 X 0 0 0 CHARLES TYLER TRUSTEE 1.50 X 0 0 0 SARA WHITING TRUSTEE 1.50 X 0 0 0 ZHIBAI ZHENG TRUSTEE 1.50 X 0 0 0 MOHAMED EL-ERIAN EX-OFFICIO TRUSTEE 1.50 X 0 0 0 JONATHAN SLAWSON EX-OFFICIO TRUSTEE 1.50 X 0 0 0 GLYNN WILLIAMS EX-OFFICIO TRUSTEE 1.50 X 0 0 0 PATRICK KESSEL VICE-PRES., FINANCE AND OPERATIONS 50.00 X 493368 0 49281 CAMILLE COLATOSTI PROVOST 50.00 X 411740 0 36715 KATHARINE LAIDLAW VICE-PRES., MEDIA AND COMMUNICATIONS 50.00 X 245607 0 40812 JOHN BOGLEY VICE-PRES., PHILANTHROPY 50.00 X 312517 0 68082 BRITTANY VERNER CORPORATE SECRETARY 50.00 X 81590 0 15472 CATHLEEN DODGE MILLER ASSISTANT VICE-PRES., ADVANCEMENT 50.00 X 230481 0 29895 TIFINI MCCLYDE-BLYTHE ASSISTANT V-P, HUMAN RESOURCES 50.00 X 218358 0 82598 DANIEL BESSELSEN ASSISTANT VICE-PRES., FINANCE 50.00 X 187214 0 48544 ANDREW BUCHHOLZ ASSISTANT VICE-PRES., PHILANTHROPY 50.00 X 182306 0 35410 KATHERINE LUELLEN EXECUTIVE DEAN 50.00 X 153755 0 44672 3378397 0 571361 23 0 1 0 SPENCE BROTHERS 800 HASTINGS STREET SUITE A TRAVERSE CITY MI 49686 CONSTRUCTION 7655813 GOLDMAN SACHS AND CO 71 SOUTH WACKER DRIVE SUITE 500 CHICAGO IL 60614 INVESTMENT MANAGER 289477 SHEREN PLUMBING AND HEATING 3801 RENNIE SCHOOL ROAD TRAVERSE CITY MI 49685 PLUMBING AND HEATING 199454 MITCHELL GRAPHICS 2363 MITCHELL PARK DRIVE PETOSKEY MI 49770 BULK MAILING 169544 CREATIVE ARTISTS AGENCY 401 COMMERCE STREET PENTHOUSE NASHVILLE TN 37219 ARTIST MANAGEMENT 145000 8 1407557 21079400 29141071 2648571 51628028 GROSS STUDENT TUITION 711130 49269365 49269365 CONCERT ADMISSIONS 711300 1333956 1333956 OTHER DEPARTMENT INCOME 900099 493922 493922 51097243 4929732 4929732 1296437 0 1296437 1296437 106280 1190157 30016148 27319669 2696479 2696479 2696479 832593 361559 471034 471034 112118953 51097243 106280 9287402 15992214 15992214 2003307 2003307 2714234 985752 1328724 399758 23129703 21000725 459872 1669106 1920302 1654651 70633 195018 1962195 1826762 30168 105265 1797790 1561933 104529 131328 69402 67154 1967 281 111581 111581 2538185 1315605 1138673 83907 1034107 41682 946002 46423 4172818 2201944 1791697 179177 1370654 1361919 6132 2603 617621 394625 50682 172314 46164 46164 2945806 2929544 8131 8131 329740 329740 FOOD COST 1509100 1481817 15507 11776 REPAIRS AND MAINTENANCE 1094339 983307 105851 5181 ARTIST FEES 764469 735753 28716 UNR. BUS. INCOME TAX 20622 20622 686092 400760 208350 76982 66830445 57401397 6341798 3087250 7108456 21895881 5446510 941340 7593963 17191858 75000 399652 496685 1139536 146023503 58717788 84240660 87305715 123490349 128351334 39631155 48091273 1021821 1031815 269104599 306348404 6669775 7066737 11034948 16129620 25260709 25271429 6506471 401942 49471903 48869728 X 154267212 179378571 65365484 78100105 219632696 257478676 269104599 306348404 45288508 -7442528 0 X 0 1 X 1 1 1 X 8225801 13848513 15659251 13018353 51628028 102379946 8225801 13848513 15659251 13018353 51628028 102379946 5106170 97273776 4771847 5554279 5014824 3245113 6119889 24705952 121610 115598 115411 115440 106280 574339 204679 197458 1862941 709699 2974777 130635014 245280485 0.74460 0.67950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 204,679. 2018 AMOUNT: $ 197,458. 2019 AMOUNT: $ 1,862,941. 2020 AMOUNT: $ 709,699. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 111646285 35920658 22282 1575481 2275634 143738110 92526665 1787004 21656722 1479834 2844272 111646285 88472011 2392249 4980653 1344496 1973752 92526665 88169751 4893836 2905487 1235404 6261659 88472011 109370490 1522791 10150193 1235210 31638513 88169751 0.48816 0.37220 0.13963 0 0 510981 510981 113527396 45825850 67701546 5102111 2059490 3042621 26835936 10832448 16003488 47079 47079 87305715 TREASURY INFLATION PROTECTED SECURITIES 20094 F LARGE BLEND INTERNATIONAL EQUITY FUNDS 12237369 F ASSET ALLOCATION FUNDS 7244826 F PRIVATE EQUITY FUNDS 28588984 F 48091273 ANNUITIES PAYABLE 401942 401942 87042463 -7442528 361559 -7080969 94123432 17995521 17995521 112118953 49196483 361559 361559 48834924 17995521 17995521 66830445 PART III, LINE 1A: IN 1969, LELAND B. GREENLEAF, PRESIDENT OF THE CONN CORPORATION, DONATED A LARGE COLLECTION OF MUSICAL INSTRUMENTS TO ICA. THE COLLECTION CONSISTS OF 250 INSTRUMENTS AND A COMPLETE SET OF BRASS MOUTH PIECES. MANY OF THE INSTRUMENTS WERE MADE BEFORE 1900. THE LELAND B. GREENLEAF COLLECTION WAS APPRAISED WITH A VALUE OF APPROXIMATELY $275,000. PART III, LINE 4: AS AN EDUCATIONAL INSTITUTION FOCUSED ON THE ARTS, THE LELAND B. GREENLEAF COLLECTION FURTHERS ICA'S EXEMPT PURPOSE BY EXPOSING ITS STUDENTS TO THE EARLY HISTORY OF MUSIC AND MUSICAL INSTRUMENTS. PART V, LINE 4: ICA'S ENDOWMENT FUNDS ARE USED TO SUPPORT ANNUAL SCHOLARSHIPS, OPERATIONS, AND CAPITAL NEEDS. ICA'S BOARD OF TRUSTEES HAS ADOPTED A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4.3 PERCENT OF ITS ENDOWMENT FUNDS' AVERAGE FAIR MARKET VALUE OVER THE PRIOR FIVE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 361,559. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 17,995,521. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 361,559. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 17,995,521. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ICA'S NONDISCRIMINATION POLICY STATEMENT IS INCLUDED IN PUBLICITY RELEASES, BROCHURES, CATALOGS, ADVERTISING MATERIALS, AND ON ICA'S WEBSITE - ALL AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 ICA RECEIVED GRANT FUNDING FROM THE MICHIGAN COUNCIL FOR ARTS AND CULTURAL AFFAIRS. A SMALL PORTION OF THIS GRANT IS PROVIDED BY THE NATIONAL ENDOWMENT FOR THE ARTS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES SCHOLARSHIPS AND FINANCIAL AID 10650 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIPS AND FINANCIAL AID 795486 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SCHOLARSHIPS AND FINANCIAL AID 220413 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SCHOLARSHIPS AND FINANCIAL AID 55000 NORTH AMERICA 0 0 PROGRAM SERVICES SCHOLARSHIPS AND FINANCIAL AID 392537 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES SCHOLARSHIPS AND FINANCIAL AID 34577 SOUTH AMERICA 0 0 PROGRAM SERVICES SCHOLARSHIPS AND FINANCIAL AID 320318 SOUTH ASIA 0 0 PROGRAM SERVICES SCHOLARSHIPS AND FINANCIAL AID 56840 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SCHOLARSHIPS AND FINANCIAL AID 117486 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 22807037 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 5781947 0 0 0 0 0 0 1885821 28706470 30592291 STUDENT FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN 2 10650 TUITION OFFSET FAIR MARKET VALUE STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC 34 795486 TUITION OFFSET FAIR MARKET VALUE STUDENT FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 8 220413 TUITION OFFSET FAIR MARKET VALUE STUDENT FINANCIAL AID MIDDLE EAST AND NORTH AFRICA 1 55000 TUITION OFFSET FAIR MARKET VALUE STUDENT FINANCIAL AID NORTH AMERICA 20 392537 TUITION OFFSET FAIR MARKET VALUE STUDENT FINANCIAL AID RUSSIA AND NEIGHBORING STATES 2 34577 TUITION OFFSET FAIR MARKET VALUE STUDENT FINANCIAL AID SOUTH AMERICA 21 320318 TUITION OFFSET FAIR MARKET VALUE STUDENT FINANCIAL AID SOUTH ASIA 1 56840 TUITION OFFSET FAIR MARKET VALUE STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 3 117486 TUITION OFFSET FAIR MARKET VALUE 1 0 1 1 0 0 PART III ACCOUNTING METHOD: PART I, LINE 2: THE GRANTS ARE NON-CASH FINANCIAL AID THAT IS AWARDED TO ENROLLED FOREIGN STUDENTS. THE FINANCIAL AID AWARD REDUCES THE TUITION BALANCE THAT IS OWED BY EACH STUDENT'S PARENTS. ICA MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF FINANCIAL AID AWARDED AND EACH STUDENT'S ELIGIBILITY, BASED ON NEED OR MERIT. AS THE GRANT IS NON-CASH FINANCIAL AID, IT IS NOT NECESSARY TO MONITOR. 1 STUDENT FINANCIAL AID 1276 15992214 FAIR MARKET VALUE TUITION OFFSET PART I, LINE 2: THE GRANTS ARE NON-CASH FINANCIAL AID THAT IS AWARDED TO ENROLLED STUDENTS IN THE UNITED STATES. THE FINANCIAL AID AWARD REDUCES THE TUITION BALANCE THAT IS OWED BY EACH STUDENT'S PARENTS. ICA MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF FINANCIAL AID AWARDED AND EACH STUDENT'S ELIGIBILITY, BASED ON NEED OR MERIT. AS THE GRANT IS NON-CASH FINANCIAL AID, IT IS NOT NECESSARY TO MONITOR. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ARTHUR DEVEY PRESIDENT AND EX-OFFICIO TRUSTEE 453752 0 382750 0 24959 0 56350 0 63530 0 981341 0 0 0 PATRICK KESSEL VICE-PRES., FINANCE AND OPERATIONS 313985 0 171516 0 7867 0 31350 0 17931 0 542649 0 0 0 CAMILLE COLATOSTI PROVOST 265575 0 146165 0 0 0 31350 0 5365 0 448455 0 0 0 JOHN BOGLEY VICE-PRES., PHILANTHROPY 232467 0 80050 0 0 0 52701 0 15381 0 380599 0 0 0 TIFINI MCCLYDE-BLYTHE ASSISTANT V-P, HUMAN RESOURCES 175108 0 43250 0 0 0 35417 0 47181 0 300956 0 0 0 KATHARINE LAIDLAW VICE-PRES., MEDIA AND COMMUNICATIONS 189416 0 56191 0 0 0 24487 0 16325 0 286419 0 0 0 CATHLEEN DODGE MILLER ASSISTANT VICE-PRES., ADVANCEMENT 182435 0 48046 0 0 0 24530 0 5365 0 260376 0 0 0 DANIEL BESSELSEN ASSISTANT VICE-PRES., FINANCE 146459 0 40755 0 0 0 46088 0 2456 0 235758 0 0 0 ANDREW BUCHHOLZ ASSISTANT VICE-PRES., PHILANTHROPY 117740 0 64566 0 0 0 19085 0 16325 0 217716 0 0 0 KATHERINE LUELLEN EXECUTIVE DEAN 112969 0 40786 0 0 0 29341 0 15331 0 198427 0 0 0 PART I, LINE 1A ICA PROVIDES A RESIDENCE FOR PERSONAL USE TO THE PRESIDENT. THE RESIDENCE FOR THE PRESIDENT IS LOCATED ON ICA'S CAMPUS AND IS PROVIDED FOR THE CONVENIENCE OF ICA, AND THE PRESIDENT IS REQUIRED TO ACCEPT THE LODGING AS A CONDITION OF HIS EMPLOYMENT. THE PRESIDENT'S RESIDENCE IS USED REGULARLY FOR BUSINESS-RELATED FUNCTIONS. AS SUCH, THE BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION FOR HIM. ICA APPROVED AND PAID AN 11 PERCENT PROFIT SHARING CONTRIBUTION TO ALL ELIGIBLE EMPLOYEES' IRC SECTION 401(A) BENEFIT PLAN ACCOUNTS. DUE TO IRS LIMITS FOR CONTRIBUTIONS TO SECTION 401(A) PLANS, ICA PAID A GROSSED-UP BONUS TO THE PRESIDENT, AS 11 PERCENT OF HIS BASE COMPENSATION WAS GREATER THAN THE IRS LIMITATIONS. PART II, LINE (1), COLUMN (B)(II): ARTHUR DEVEY'S BONUS COMPENSATION AMOUNT IN CALENDAR YEAR 2021 INCLUDED THE RESTORATION OF A MATERIAL CUT IN COMPENSATION RELATED TO THE COVID-19 PANDEMIC IN CALENDAR YEAR 2020. A ECON DEV CORP OF THE TOWNSHIP OF GREEN LAKE 522043802 393096AB8 2004-08-11 26300000 SEE PART VI 0 0 0 A 26494241 319656 7175169 18999416 2006 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 A 0 0 1 0 1 0 1 PALLAS CAPITAL CORP 2.000000000000 0 1 A 0 SCHEDULE K, PART I, COLUMN (F): THE PURPOSE OF THE BOND WAS TO REFUND THE $16,100,000 BOND ISSUE THAT WAS ISSUED IN JUNE 1997, REFUND A $2,850,000 BANK TERM NOTE, CONSTRUCT THE NEW CREATIVE WRITING BUILDING, CONSTRUCT AN ADDITION TO THE HARVEY THEATER BUILDING, AND CONSTRUCT MISCELLANEOUS CAPITAL ITEMS. SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS OF THE BOND ISSUE ARE $194,241 GREATER THAN THE BOND ISSUE PRICE OF $26,300,000 DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART IV, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED ON JULY 31, 2009. X 64 1288571 SEE PART II X 1 1360000 FAIR MARKET VALUE 1 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. SCHEDULE M, PART I, LINE 9, COLUMN (D): THE AVERAGE PRICE BETWEEN THE HIGHEST AND LOWEST QUOTED SELLING PRICE ON THE DATE THE SECURITY IS RECEIVED IS USED TO DETERMINE THE CONTRIBUTION REVENUE THAT IS RECORDED. IF THERE ARE NO SALES ON THE DATE THE SECURITY IS RECEIVED, THEN THE AVERAGE PRICE BETWEEN THE HIGHEST AND LOWEST SALES PRICE ON THE NEAREST DATE BEFORE AND ON THE NEAREST DATE AFTER THE SECURITY IS RECEIVED IS USED TO DETERMINE THE CONTRIBUTION REVENUE THAT IS RECORDED, ASSUMING THAT THERE WERE SALES OF THE SECURITY WITHIN A REASONABLE PERIOD BEFORE AND AFTER THE DATE IT IS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM. BY BOARD OF TRUSTEES POLICY, A DRAFT COPY OF FORM 990 IS REVIEWED BY THE VICE-PRESIDENT OF FINANCE AND OPERATIONS, THE PRESIDENT, AND THE CHAIR OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ICA'S CONFLICT OF INTEREST POLICY AND ANNUAL DISCLOSURE REQUIREMENTS COVER ALL BOARD OF TRUSTEE MEMBERS (ELECTED AND EX-OFFICIO) AND OFFICERS. THE ANNUAL DISCLOSURES ARE ACCUMULATED AND MAINTAINED BY THE CORPORATE SECRETARY. THEY ARE AVAILABLE FOR REVIEW BY THE ICA PRESIDENT AND THE CHAIR OF THE BOARD OF TRUSTEES. IF A BOARD OF TRUSTEE MEMBER HAD A CONFLICT INVOLVING A MATTER BEFORE THE BOARD, THEN THAT TRUSTEE WOULD BE REMOVED FROM THE DELIBERATION AND DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES CREATES AN AD HOC PRESIDENTIAL REVIEW COMMITTEE WHICH ANNUALLY REVIEWS THE COMPENSATION OF ICA'S PRESIDENT. THERE ARE A VARIETY OF INPUTS FOR THE COMMITTEE, INCLUDING A SELF-EVALUATION, GOALS COMPLETION, AND THE BALANCE BETWEEN VARIOUS EMPLOYEE CLASSES. IN ADDITION, THE COMMITTEE REVIEWS NATIONAL COMPENSATION COMPARISONS WITH NON-PROFITS OF SIMILAR SIZE AND STATURE TO ICA. ONCE THE REVIEWS ARE COMPLETE, THE COMMITTEE MAKES A SALARY RECOMMENDATION TO THE FULL BOARD OF TRUSTEES, WHICH THEN VOTES ON THE MATTER. THIS PROCESS WAS LAST UNDERTAKEN IN OCTOBER 2021. FORM 990, PART VI, SECTION C, LINE 19 ICA'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE POSTED ON ICA'S WEBSITE. CANADIAN FRIENDS OF INTERLOCHEN PO BOX 9401 STATION A TORONTO ONTARIO CA M5W 4E1 PROVIDES SCHOLARSHIPS CA 501(C)(3) LINE 7 INTERLOCHEN CENTER FOR THE ARTS 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 CANADIAN FRIENDS OF INTERLOCHEN C 1407557 FAIR MARKET VALUE