2022-04-15T20:32:57-05:00 2021-05-31 381357951 PLANTE & MORAN PLLC 1098 WOODWARD AVE DETROIT MI 48226 990 2020-06-01 381689022 INTERLOCHEN CENTER FOR THE ARTS INTE 2312767200 PO BOX 199 INTERLOCHEN MI 49643 PATRICK M KESSEL VP FINANCE & OPERATION 2312767200 2022-04-15 1 PATRICK KESSEL 999009999 DORI J EGGETT P00645252 3134967200 2022-04-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PATRICK M KESSEL PO BOX 199 INTERLOCHEN MI 49643 139386178 0 X WWW.INTERLOCHEN.ORG X 1927 MI ENGAGE AND INSPIRE PEOPLE WORLDWIDE THROUGH EXCELLENCE IN EDUCATIONAL, ARTISTIC AND CULTURAL PROGRAMS, ENHANCING THE QUALITY OF LIFE THROUGH THE UNIVERSAL LANGUAGE OF ARTS. 37 37 731 551 116440 114690 15659251 13018353 54838022 41979545 5139073 5652400 2063589 443733 77699935 61094031 18622091 16815635 0 0 32737402 27157390 0 0 2526914 17304172 12775672 68663665 56748697 9036270 4345334 234270312 269104599 45374194 49471903 188896118 219632696 X INTERLOCHEN CENTER FOR THE ARTS ENGAGES AND INSPIRES PEOPLE WORLDWIDE THROUGH EXCELLENCE IN EDUCATIONAL, ARTISTIC AND CULTURAL PROGRAMS, ENHANCING THE QUALITY OF LIFE THROUGH THE UNIVERSAL LANGUAGE OF THE ARTS 0 0 43699760 15882432 37412752 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. FIVE HUNDRED 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. DURING SCHOOL YEAR 2020/2021 THERE WERE 580 STUDENTS, 469 STUDENTS RECEIVED GRANTS. 1176567 0 0 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. COVERAGE AREA INCLUDES , MOST OF THE NORTHERN TWO-THIRDS OF LOWER MICHIGAN AND THE EASTERN THIRD OF THE UPPER PENINSULA OF MICHIGAN. 2959895 933203 4281680 THE WORLD'S PREMIER SUMMER ARTS PROGRAM FOR ASPIRING ARTIST'S GRADES 3 THROUGH 12 INTERLOCHEN ARTS CAMP ATTRACTS STUDENTS, FACULTY AND STAFF FROM ALL 50 U.S. STATES, AND 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 2020 THERE WERE 1,456 STUDENTS, OF WHICH 1,017 STUDENTS RECEIVED GRANTS 252634 -27163 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 APPROXIMATELY 130,000 ATTENDEES ANNUALLY. 124999 51260 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. 81580 261015 INTERLOCHEN ONLINE IS AN INTERACTIVE VIRTUAL PLATFORM THAT BRINGS THE GLOBALLY RENOWNED INTERLOCHEN EXPERIENCE INTO THE HOMES OF YOUNG ARTISTS. WE OFFER A DIVERSE SELECTION OF ONLINE ARTS PROGRAMMING IN MULTIPLE SETTINGS, INCLUDING GROUP CLASSES AND PRIVATE LESSONS. DURING SCHOOL YEAR 2020/2021 THERE WERE 252 STUDENTS, 0 STUDENTS RECEIVED GRANTS. 459213 285112 48295435 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 1 132 0 1 731 1 1 1 1 CA CJ LU 0 0 0 0 0 0 0 0 0 0 X 37 37 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 49643 GLYNN T WILLIAMS CHAIRMAN OF THE BOARD 1.50 X X 0 0 0 SARAH K HARDING VICE CHAIR 1.50 X X 0 0 0 KURTIS T WILDER VICE CHAIR 1.50 X X 0 0 0 JONATHAN SLAWSON EX-OFFICIO TRUSTEE 1.50 X 0 0 0 BRUCE CORNER EX-OFFICIO TRUSTEE - PART YEAR 1.50 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 ANDREW W CORDONNIER TRUSTEE - PART YEAR 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 MOHAMED EL-ERIAN TRUSTEE 1.50 X 0 0 0 SAUL GOLDSTEIN 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 MARIA HERRERA TRUSTEE 1.50 X 0 0 0 LISA HERRICK TRUSTEE 1.50 X 0 0 0 STEVEN E HAYDEN 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 ARTHUR DEVEY PRESIDENT/ EX OFFICIO TRUSTEE 50.00 X 490210 0 33516 PATRICK KESSEL VP FINANCE & OPERATIONS 50.00 X 356550 0 18528 CAMILLE COLATOSTI PROVOST 50.00 X 306638 0 5591 KATHARINE LAIDLAW VP MEDIA & COMMUNICATIONS 50.00 X 217923 0 17328 JOHN BOGLEY VP PHILANTHROPY 50.00 X 252049 0 16348 BRITTANY VERNER CORP SECRETARY 50.00 X 72287 0 5326 CATHLEEN DODGE MILLER AVP PHILANTHROPY 50.00 X 212263 0 5591 TIFINI MCCLYDE-BLYTHE AVP HUMAN RESOURCES 50.00 X 199400 0 11630 DANIEL BESSELSEN AVP FINANCE 50.00 X 157161 0 468 KRISTINA NICHOLS VICE PROVOST EDUCATION OPERATIONS 50.00 X 147886 0 1248 JASON HUBBARD VICE PROVOST ACADEMIC & ARTS EDUCATION 50.00 X 142122 0 14756 2554489 0 130330 23 0 1 0 SPENCE BROTHERS 800 HASTINGS ST SUITE A TRAVERSE CITY MI 49686 CONSTRUCTION 6328612 CORNERSTONE ARCHITECTS INCORPORATED 122 SOUTH UNION STREET STE 200 TRAVERSE CITY MI 49684 ARCHITECTURE 381241 MSTONER INC 210 LITTLETON ROAD SUITE 100 WESTFORD MA 01886 WEBSITE DESIGN 376387 GOLDMAN SACHS AND CO 71 S WACKER DR SUITE 500 CHICAGO IL 60614 INVESTMENT MANAGER 257034 SHEREN PLUMBING & HEATING 3801 RENNIE SCHOOL ROAD TRAVERSE CITY MI 49685 PLUMBING & HEATING 225818 9 370569 37650 12610134 2332466 13018353 GROSS STUDENT TUITION 711130 41637376 41637376 OTHER DEPARTMENT INCOME 900099 342169 342169 41979545 2832407 2832407 529146 0 529146 529146 116440 412706 80578047 77758054 2819993 2819993 2819993 448680 534093 -85413 -85413 61094031 41979545 116440 5979693 14788898 14788898 2026737 2026737 1750349 673856 814773 261720 21300400 18114065 1495048 1691287 -80208 -80208 2660211 2487022 45833 127356 1526638 1295100 94180 137358 91129 88919 1938 272 98977 98977 1814309 882114 893641 38554 692962 38286 618245 36431 3149695 1443405 1540013 166277 1051115 1051115 91686 57301 19877 14508 92843 92843 2751315 2734695 8310 8310 408347 408347 REPAIRS & MAINTENANCE 986631 838280 134196 14155 FOOD COST 801095 803012 -2624 707 UBIT 19939 19939 ARTIST FEES 6594 7213 -1619 1000 719035 438154 251902 28979 56748697 48295435 5926348 2526914 5717782 7108456 3987381 5446510 9910998 7593963 75000 354342 0 574839 496685 140012641 55771981 74144277 84240660 104027551 123490349 34540834 39631155 1012308 1021821 234270312 269104599 5686843 6669775 5776679 11034948 25249999 25260709 8660673 6506471 45374194 49471903 X 131923941 154267212 56972177 65365484 188896118 219632696 234270312 269104599 4345334 26391244 0 X 0 1 X 1 0 X 16506654 8225801 13848513 15659251 13018353 67258572 16506654 8225801 13848513 15659251 13018353 67258572 2902204 64356368 5111255 4771847 5554279 5014824 3245113 23697318 117293 121610 115598 115411 115440 585352 192246 204679 197458 1862941 709699 3167023 94708265 239904491 0.67950 0.65820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 92526665 1787004 21656722 1479834 2844272 111646285 88472011 2392249 4980653 1344496 1973752 92526665 88169751 4893836 2905487 1235404 6261659 88472011 109370490 1522791 10150193 1235210 31638513 88169751 96587978 3711554 12574526 975593 2527975 109370490 0.45230 0.35080 0.19690 0 0 506951 506951 100455493 42581281 57874212 4966706 2105298 2861408 26152089 11085402 15066687 7931402 7931402 84240660 TREASURY INFLATION PROT SEC 20949 F INTL EQUITY, LARGE BLEND 12178993 F ASSET ALLOCATION 6117417 F PRIVATE EQUITY 21313796 F 39631155 ANNUITIES PAYABLE 516321 PPP LOAN PAYABLE 5990150 6506471 71203730 26391244 534093 26925337 44278393 16815638 16815638 61094031 40467152 534093 534093 39933059 16815638 16815638 56748697 PART III, LINE 1A: IN 1969, LELAND B GREENLEAF, PRESIDENT OF THE CONN CORPORATION, DONATED A LARGE COLLECTION OF MUSICAL INSTRUMENTS TO INTERLOCHEN CENTER FOR THE ARTS. 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 OUR EXEMPT PURPOSE BY EXPOSING OUR STUDENTS TO THE EARLY HISTORY OF MUSIC AND MUSICAL INSTRUMENTS. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT ANNUAL SCHOLARSHIPS, OPERATIONS AND CAPITAL NEEDS. THE BOARD OF TRUSTEES OF INTERLOCHEN CENTER FOR THE ARTS HAS ADOPTED A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4.4 PERCENT OF ITS ENDOWMENT FUNDS' AVERAGE FAIR MARKET VALUE OVER THE PRIOR FIVE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 534,093. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 16,815,638. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 534,093. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 16,815,638. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR NONDISCRIMINATION POLICY STATEMENT IS INCLUDED IN PUBLICITY RELEASES, BROCHURES CATALOGS, ADVERTISING MATERIALS AND ON OUR WEBSITE - ALL AVAILABLE UPON REQUEST SCHEDULE E, PART I, LINE 6 INTERLOCHEN CENTER FOR THE ARTS ("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 & FIN AID 88615 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIPS & FIN AID 1097376 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES SCHOLARSHIPS & FIN AID 98800 NORTH AMERICA 0 0 PROGRAM SERVICES SCHOLARSHIPS & FIN AID 410880 SOUTH AMERICA 0 0 PROGRAM SERVICES SCHOLARSHIPS & FIN AID 72550 SOUTH ASIA 0 0 PROGRAM SERVICES SCHOLARSHIPS & FIN AID 50500 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SCHOLARSHIPS & FIN AID 208016 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 17840200 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 3473596 0 0 0 0 0 0 19866937 3473596 23340533 STUDENT FINANCIAL AID CENTRAL AMERICA 2 88615 TUITION OFFSET FMV STUDENT FINANCIAL AID EAST ASIA 57 1097376 TUITION OFFSET FMV STUDENT FINANCIAL AID EUROPE 6 98800 TUITION OFFSET FMV STUDENT FINANCIAL AID NORTH AMERICA 26 410880 TUITION OFFSET FMV STUDENT FINANCIAL AID SOUTH AMERICA 11 72550 TUITION OFFSET FMV STUDENT FINANCIAL AID SOUTH ASIA 2 50500 TUITION OFFSET FMV STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 4 208016 TUITION OFFSET FMV 1 0 1 1 0 0 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 THE STUDENT'S PARENTS. INTERLOCHEN CENTER FOR THE ARTS MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF FINANCIAL AID AWARDED AND THE STUDENT'S ELIGIBILITY BASED ON NEED OR MERIT. AS THE GRANT IS NON-CASH FINANCIAL AID IT IS NOT NECESSARY TO MONITOR. PART III ACCOUNTING METHOD: 1 STUDENT FINANCIAL AID 1375 14788898 FMV 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 THE STUDENT'S PARENTS. INTERLOCHEN CENTER FOR THE ARTS MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF FINANCIAL AID AWARDED AND THE STUDENT'S ELIGIBILITY BASED ON NEED OR MERIT. AS THE GRANT IS NON-CASH FINANCIAL AID IT IS NOT NECESSARY TO MONITOR X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ARTHUR DEVEY PRESIDENT/ EX OFFICIO TRUSTEE 453090 0 37120 0 0 0 0 0 33516 0 523726 0 0 0 PATRICK KESSEL VP FINANCE & OPERATIONS 332566 0 23984 0 0 0 0 0 18528 0 375078 0 0 0 CAMILLE COLATOSTI PROVOST 284456 0 22182 0 0 0 0 0 5591 0 312229 0 0 0 JOHN BOGLEY VP PHILANTHROPY 234549 0 17500 0 0 0 0 0 16348 0 268397 0 0 0 KATHARINE LAIDLAW VP MEDIA & COMMUNICATIONS 201692 0 16231 0 0 0 0 0 17328 0 235251 0 0 0 CATHLEEN DODGE MILLER AVP PHILANTHROPY 186990 0 25273 0 0 0 0 0 5591 0 217854 0 0 0 TIFINI MCCLYDE-BLYTHE AVP HUMAN RESOURCES 141150 0 58250 0 0 0 0 0 11630 0 211030 0 0 0 DANIEL BESSELSEN AVP FINANCE 146619 0 10542 0 0 0 0 0 468 0 157629 0 0 0 JASON HUBBARD VICE PROVOST ACADEMIC & ARTS EDUCATI 133216 0 8906 0 0 0 0 0 14756 0 156878 0 0 0 PART I, LINE 1A INTERLOCHEN CENTER FOR THE ARTS ("ICA") PROVIDES A RESIDENCE FOR PERSONAL USE TO THE PRESIDENT. THE RESIDENCE FOR THE PRESIDENT IS LOCATED ON ICA'S CAMPUS, IS PROVIDED FOR THE CONVENIENCE OF ICA, AND THE PRESIDENT IS REQUIRED TO ACCEPT THE LODGING AS A CONDITION OF THEIR EMPLOYMENT. THE PRESIDENT'S RESIDENCE IS USED REGULARLY FOR BUSINESS RELATED FUNCTIONS. AS SUCH, THE BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION FOR HIM. A ECON DEVELOPMENT CORP OF THE TWNSHP OF GREEN LAKE 522043802 393096AB8 2004-08-11 26300000 SEE SUPPLIMENTAL SCHEDULE K 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 DONE IN JUNE 1997, REFUND 2,850,000 BANK TERM NOTE, CONSTRUCT THE NEW CREATIVE WRITING BUILDING, CONSTRUCT AN ADDITION TO THE HARVEY THEATER BUILDING, AND MISCELLANEOUS CAPITAL ITEMS. SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS OF THE BOND ISSUE ARE $194,241 GREATER THAN THE BONDS 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 2332466 THE AVERAGE PRICE BETWEE 1 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS 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 THE FORM 990 IS PREPARED BY INTERLOCHEN CENTER FOR THE ARTS ("ICA") EXTERNAL ACCOUNTING FIRM. BY BOARD OF TRUSTEE POLICY, THE DRAFT OF THE FORM 990 IS REVIEWED BY THE VICE PRESIDENT OF FINANCE, PRESIDENT, AND THE CHAIR OF BOARD OF TRUSTEES FORM 990, PART VI, SECTION B, LINE 12C INTERLOCHEN CENTER FOR THE ARTS ("ICA") 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 CHAIR OF THE BOARD OF TRUSTEES. IF A BOARD OF TRUSTEE MEMBER HAD A CONFLICT INVOLVING A MATTER BEFORE THE BOARD THEN THEY WOULD REMOVE THEMSELVES 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 INTERLOCHEN CENTER FOR THE ARTS 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 INTERLOCHEN CENTER FOR THE ARTS. 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 2019. THE BOARD OF TRUSTEES ANNUALLY CREATES AN AD HOC PRESIDENTIAL REVIEW COMMITTEE. THE INTERLOCHEN CENTER FOR THE ARTS ("ICA") PRESIDENT MAKES COMPENSATION RECOMMENDATIONS FOR ICA'S OFFICERS TO THE PRESIDENTIAL REVIEW COMMITTEE. THE PRESIDENT'S RECOMMENDATIONS ARE BASED ON SELF-EVALUATIONS, GOALS COMPLETION, AND THE BALANCE BETWEEN VARIOUS EMPLOYEE CLASSES. THE PRESIDENT ALSO REVIEWS NATIONAL COMPENSATION COMPARISONS WITH NON-PROFITS OF SIMILAR SIZE AND STATURE TO ICA. THE PRESIDENT'S COMPENSATION RECOMMENDATIONS ARE DISCUSSED AND REVIEWED BY THE PRESIDENTIAL REVIEW COMMITTEE HOWEVER THEY ARE NOT FORMALLY VOTED UPON. THIS PROCESS WAS LAST UNDERTAKEN IN OCTOBER 2019 FOR THE FOLLOWING ICA EMPLOYEE POSITIONS VICE PRESIDENT OF FINANCE AND OPERATIONS, VICE PRESIDENT OF PHILANTHROPY, VICE PRESIDENT OF STRATEGIC COMMUNICATIONS AND ENGAGEMENT, AND PROVOST. FORM 990, PART VI, SECTION C, LINE 19 INTERLOCHEN CENTER FOR THE ART'S ("ICA") 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 SCHOLARSHIPS CA 501(C)(3) LINE 7 ICA 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 370569 FMV