2025-01-13T11:38:03-06:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 10401 W INNOVATION DR STE 300 WAUWATOSA WI 53226 990 2022-10-01 391691920 PENINSULA MUSIC FESTIVAL INC PENI 9208544060 PO BOX 340 EPHRAIM WI 54211 DAVID KEEN CHAIR 9208544060 2024-11-25 1 0 KRISTEN DONLEVY P01670215 4144761880 2024-11-25 2022 2024-10-15 13:58:12Z DAVID KEEN PO BOX 340 EPHRAIM WI 54211 764343 0 X WWW.MUSICFESTIVAL.COM X 1953 WI THE PENINSULA MUSIC FESTIVAL, INC. IS COMMITTED TO PRODUCING WORLD-CLASS PERFORMANCES REALIZED THROUGH THE PRESENTATION OF THE RECITAL SERIES, A CHAMBER MUSIC SERIES, AND THE SYMPHONY SERIES IN ADDITION TO THE PROMOTION OF MUSIC APPRECIATION, AND EDUCATION THROUGHOUT DOOR COUNTY, WISCONSIN. 14 14 5 75 0 0 458552 630639 124832 128350 95 2457 2096 2897 585575 764343 2000 0 0 0 146389 135620 0 0 50563 667068 754612 815457 890232 -229882 -125889 546129 336910 385012 302032 161117 34878 X THE PENINSULA MUSIC FESTIVAL, INC. IS COMMITTED TO PRODUCING WORLD-CLASS PERFORMANCES REALIZED THROUGH THE PRESENTATION OF THE RECITAL SERIES, A CHAMBER MUSIC SERIES, AND THE SYMPHONY SERIES IN ADDITION TO THE PROMOTION OF MUSIC APPRECIATION, AND EDUCATION THROUGHOUT DOOR COUNTY, WISCONSIN. 0 0 744892 128350 THE PENINSULA MUSIC FESTIVAL, INC. (PMF) FINANCES AND PRODUCES WORLD-CLASS PERFORMANCES REALIZED THROUGH THE PRESENTATION OF THE RECITAL SERIES, A CHAMBER MUSIC SERIES, AND THE SYMPHONY SERIES IN DOOR COUNTY, WI. PMF PRESENTS BROAD REPERTOIRE, PROMOTES YOUNG ARTISTS, AND THE APPRECIATION OF GREAT MUSIC. PMF WAS FOUNDED IN 1953 BY LORENZ HEISE, KAY WILSON, AND THOR JOHNSON WHO WAS INSPIRED BY THE EARLY MORAVIAN MUSIC FESTIVAL. CURRENTLY IN ITS 71ST SEASON, THE 80-MEMBER FESTIVAL ORCHESTRA IS COMPRISED OF PROFESSIONAL MUSICIANS WHO REPRESENT LEADING SYMPHONIC AND OPERATIC INSTITUTIONS AROUND THE WORLD, INCLUDING THOSE OF MONTREAL, TORONTO, BOSTON, HOUSTON, ST. LOUIS, MILWAUKEE, OMAHA, PITTSBURGH, HOUSTON GRAND OPERA, THE DALLAS OPERA AND LYRIC OPERA OF CHICAGO. THE FESTIVAL PRESENTS A NINE-CONCERT SYMPHONY SERIES EVERY AUGUST, WITH YEAR-ROUND PROGRAMMING THAT INCLUDES RECITAL SERIES CONCERTS, CHAMBER MUSIC PERFORMANCES, AND SPECIAL CONCERT EVENTS THAT FEATURE MEMBERS OF THE FESTIVAL ORCHESTRA AND OTHER RENOWNED ARTISTS. EACH SYMPHONY SERIES CONCERT FEATURES A GUEST ARTIST OF NATIONAL OR INTERNATIONAL STATURE, AND THE FESTIVAL ORCHESTRA IS THE ONLY PROFESSIONAL ORCHESTRA IN NORTHEAST WISCONSIN. OVER 6,000 PATRONS ATTEND THE NINE-CONCERT SYMPHONY SERIES EVERY SUMMER. IN THE LAST 27 YEARS, THE OPERATING BUDGET HAS GROWN SUBSTANTIALLY, AND THE ENDOWMENT HAS GROWN FROM $450,000 TO $5.8 MILLION OVER THE LAST 21 YEARS. THE CONSERVATIVE STRATEGY SET BY THE TRUSTEES FOCUSES LONG-TERM STABILITY RATHER THAN QUICK GROWTH WHICH AS A STRATEGY, HAS BEEN VERY SUCCESSFUL. PMF PRIDES ITSELF ON THE HIGH ARTISTIC QUALITY OF THE ORCHESTRA, AND CONTINUING TO OPERATE WITH LOW ADMINISTRATIVE OVERHEAD. THE ENDOWMENT HAS CONTINUED TO GROW THROUGH STRONG, STABLE INVESTMENTS AND ADDITIONAL CONTRIBUTIONS. PMF AWARDS COLLEGE SCHOLARSHIPS EACH YEAR AND NUMEROUS SUMMER MUSIC STUDY GRANTS TO ENCOURAGE MUSIC STUDENTS TO ATTEND SUMMER CAMPS AND STUDY PRIVATELY. PMF CONTINUES TO PARTNER WITH THE SEVASTOPOL MUSIC BOOSTERS CLUB TO PROVIDE CONCESSIONS DURING SYMPHONY SERIES CONCERTS. THIS WAS THE TENTH YEAR OF THE FESTIVAL'S $10 STUDENT/CHILDREN TICKET PROGRAM. PMF'S YEAR-ROUND PROGRAMMING HELPS TO ELEVATE THE FESTIVAL'S BRAND, INCREASE VISIBILITY, AND REMAIN RELEVANT TO THOSE ON THE PENINSULA AND BEYOND. THE EMERGING CONDUCTOR PROGRAM PROVIDES WELL-ROUNDED TRAINING AND EXPOSURE TO ASPIRING CONDUCTORS WITH A PROFESSIONAL SYMPHONY ORCHESTRA, AND CONTINUES AS PART OF THE FESTIVAL'S EDUCATIONAL OUTREACH ACTIVITIES.THE PMF SUSTAINING COMMITTEE (PMF'S VOLUNTEER SOCIETY) CONTINUES TO SERVE AS THE BACKBONE OF THE ORGANIZATION. VOLUNTEERS PROVIDE THOUSANDS OF HOURS OF SERVICE TO THE ORGANIZATION BY PICKING UP GUEST ARTISTS FROM THE AIRPORT, CHAUFFEURING TO/FROM ENGAGEMENT RELATED ACTIVITIES/REHEARSALS AND PERFORMANCES, PROVIDING FOOD FOR MUSICIANS, AND WORKING AS USHERS AND PARKING ATTENDANTS FOR THE CONCERTS. FOR EVALUATION PURPOSES, THE PMF CURRENTLY USES A THREE-PHASE EVALUATION SYSTEM SET FORTH BY THE LEAGUE OF AMERICAN ORCHESTRAS. THE COMPONENTS INCLUDE: ADMINISTRATIVE - ORGANIZATIONAL STRUCTURE, BOARD, STAFF AND VOLUNTEERS AS WELL AS MARKETING AND DEVELOPMENT; FINANCIAL - PLANNING AND REPORTING; AND ARTISTIC - REPERTOIRE, OPERATIONS AND PROFESSIONAL DEVELOPMENT. PMF CONTINUES TO ACHIEVE ITS GOALS, AND FULFILL ITS MISSION THANKS TO A STRONG BOARD OF DIRECTORS, A WELL-TRAINED ADMINISTRATIVE STAFF, AND A GREAT CORE OF VOLUNTEERS. THIS TRIO HAS PROVIDED THE FINANCIAL RESOURCES FOR THE PMF TO GROW WHERE IT COUNTS - IN THE QUALITY OF ITS ARTISTIC PRODUCT AND ITS OUTREACH TO THE PEOPLE IN THE COMMUNITY THAT IT SERVES. 744892 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 100 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X X KERBERROSE 9208542379 10568 COUNTRY WALK LANE 101 SISTER BAY WI 54234 CHRISTOPH PTACK PRESIDENT AND CEO 40.00 X 82692 0 0 SCOTT STOLARZ PRESIDENT AND CEO 40.00 X 0 0 0 DAVID KEEN CHAIR 5.00 X X 0 0 0 WILLIAM MILLER VICE CHAIR 3.00 X X 0 0 0 CAROLE BERGNER SECRETARY 3.00 X X 0 0 0 PENNY ENROTH DIRECTOR 1.00 X 0 0 0 GAIL FISCHER DIRECTOR 1.00 X 0 0 0 PAUL GRUENER DIRECTOR 1.00 X 0 0 0 BRUCE MCKEEFRY DIRECTOR 1.00 X 0 0 0 GABRIELE PFEIFFER DIRECTOR 1.00 X 0 0 0 LEO REDDY DIRECTOR 1.00 X 0 0 0 CYNTHIA SARGENT DIRECTOR 1.00 X 0 0 0 MADELEINE SARGENT DIRECTOR 1.00 X 0 0 0 TONY VALLERA DIRECTOR 1.00 X 0 0 0 LINDA WEISENSEL DIRECTOR 1.00 X 0 0 0 WILIAM WIGGINS DIRECTOR 1.00 X 0 0 0 82692 0 0 0 0 0 0 0 287000 343639 94643 630639 CONCERT REVENUE 711300 128350 128350 128350 2457 2457 MISCELLANEOUS REVENUE 900099 2897 2897 2897 764343 128350 0 5354 X 73090 38361 10421 24308 52056 27321 7422 17313 1429 750 204 475 9045 4747 1290 3008 61830 61830 532896 527828 5068 31367 31367 24375 21316 1788 1271 35566 30900 4347 319 5384 5384 7115 7115 6115 4281 1223 611 EQUIPMENT RENT 26535 23772 179 2584 DUES AND LICENSES 5027 3519 1005 503 OTHER CONCERTS AND PROG 4031 4031 14371 14200 171 890232 744892 94777 50563 X 42653 12053 175830 4236 20000 33092 9119 4942 5725 361719 75942 289612 285777 546129 336910 218500 142101 1066 663 165446 159268 385012 302032 X 161117 34878 161117 34878 546129 336910 -125889 -350 0 X 0 1 X 1 0 X 586878 486174 478919 458552 630639 2641162 586878 486174 478919 458552 630639 2641162 165400 2475762 197 158 95 2457 2907 799 862 228 2096 2897 6882 2650951 472347 0.93390 0.95700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 799. 2019 AMOUNT: $ 862. 2020 AMOUNT: $ 228. 2021 AMOUNT: $ 2,096. 2022 AMOUNT: $ 2,897. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5516864 4300 640437 287000 5874601 6604418 409408 -1227962 269000 5516864 5052572 740240 1065219 253613 6604418 4745073 12455 525516 230472 5052572 4779236 42269 196568 273000 4745073 0.15680 0.66970 0.17350 0 1 1 224869 11161 213708 136850 64781 72069 285777 PART V, LINE 4: THE ENDOWMENT FUND IS ADMINISTERED BY THE THOR JOHNSON ENDOWMENT TRUST (A RELATED ORGANIZATION) FOR THE PENINSULA MUSIC FESTIVAL, INC. THE ENDOWMENT FUND WAS ESTABLISHED TO SUPPORT THE MISSION OF THE PENINSULA MUSIC FESTIVAL, INC. DISTRIBUTIONS FROM THESE FUNDS ARE ORDINARILY MADE ANNUALLY TO THE ORGANIZATIONS PER APPROVED APPROPRIATION BY THE BOARD OF DIRECTORS. IT IS THE REQUIREMENT OF THE TRUST THAT THE ORGANIZATIONS RETAIN 5% OF THE RETURNS TO ALLOW ITS ENDOWMENT FUND TO GROW AT AN AVERAGE OF 8% ANNUALLY. THIS IS CONSISTENT WITH THE ORGANIZATIONS' OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH INVESTMENT RETURN. X 1 94643 FMV AT DATE OF DONATION 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMB B OF PART I REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS PENNY ENROTH AND LEO REDDY HAVE A FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE DISTRIBUTED BY EMAIL TO ALL MEMBERS OF THE BOARD FOR REVIEW PRIOR TO A BOARD MEETING. THE AGENDA FOR THAT MEETING WILL INCLUDE TIME TO REVIEW HIGHLIGHTS OF THE FORM AND ALLOW TIME FOR ANY QUESTIONS THAT BOARD MEMBERS MAY HAVE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS GIVEN TO ALL NEW BOARD MEMBERS AND THE POLICIES ARE REVIEWED WITH THEM. THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY AS PART OF THEIR ANNUAL BOARD ASSESSMENT. BOARD MEMBERS RECUSE THEMSELVES FROM VOTES IF A CONFLICT OF INTEREST IS PRESENT. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEET PRIOR TO THE END OF THE FISCAL YEAR TO DISCUSS THE PRESIDENT AND CEO'S PERFORMANCE FOR THE YEAR. THE COMMITTEE DISCUSSES THE PRESIDENT AND CEO'S STRENGTHS AND WEAKNESSES, AND RECOMMENDS A SALARY FOR THE FOLLOWING YEAR. AFTER THE DISCUSSION, THE BOARD PRESIDENT PREPARES A WRITTEN EVALUATION AND SUBMITS IT, ALONG WITH A CONTRACT, TO THE PRESIDENT AND CEO FOR DISCUSSION AND APPROVAL. FOR OTHER EMPLOYEES, THE PRESIDENT AND CEO PERFORMS AN ANNUAL REVIEW, AND THEIR ANNUAL COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AS THEY SET THE ANNUAL BUDGET FOR THE UPCOMING YEAR. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ALL DOCUMENTS ARE AVAILABLE AT THE FESTIVAL OFFICE. FORM 990, PART IX, LINE 11G INDEPENDENT CONTRACTORS: PROGRAM SERVICE EXPENSES 527,828. MANAGEMENT AND GENERAL EXPENSES 3,645. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 531,473. WEBSITE MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,423. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,423. THOR JOHNSON ENDOWMENT TRUST PO BOX 340 EPHRAIM WI 54211 391791596 PROVIDE GRANTS TO PENINSULA MUSIC FESTIVAL, INC. WI 501(C)(3) LINE 12A, I PENINSULA MUSIC FESTIVAL INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THOR JOHNSON ENDOWMENT TRUST C 287000 CASH