2022-06-28T13:30:38-05:00 2021-09-30 410746749 CLIFTONLARSONALLEN LLP 1175 LOMBARDI AVENUE SUITE 200 GREEN BAY WI 54304 990 2020-10-01 391691920 PENINSULA MUSIC FESTIVAL INC PENI 9208544060 PO BOX 340 EPHRAIM WI 54211 CHRISTOPH PTACK PRESIDENT AND CEO 9208544060 2022-06-27 1 CHRISTOPH PTACK 999009999 WENDY MALLO P01250277 9204367800 2022-06-27 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID KEEN PO BOX 340 EPHRAIM WI 54211 499829 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. 12 12 4 75 0 0 486174 478919 17139 20524 0 18 862 368 504175 499829 0 2000 0 0 140427 139129 0 0 52972 201691 200447 342118 341576 162057 158253 261804 614092 130058 223093 131746 390999 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 219606 2000 20524 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 70TH 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 26 YEARS, THE OPERATING BUDGET HAS GROWN SUBSTANTIALLY, AND THE ENDOWMENT HAS GROWN FROM $450,000 TO $6.5 MILLION OVER THE LAST 20 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 NINTH YEAR OF THE FESTIVAL'S $10 STUDENT/CHILDREN TICKET PROGRAM WHICH WAS MOST RECENTLY SUPPORTED BY NICOLET NATIONAL BANK. 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.PMF CONTINUES TO COLLABORATE WITH THE ROAD SCHOLAR PROGRAM (FORMALLY ELDER HOSTEL) TO PRESENT TWO ONE-WEEK SESSIONS ON THE HISTORY AND WORKINGS OF PMF 'THROUGH THE YEARS'. APPROXIMATELY 30 TRAVELERS PARTICIPATE IN EACH SESSION. UNFORTUNATELY, THE AUGUST 2020 AND 2021 SESSIONS HAD TO BE CANCELED DUE TO THE PANDEMIC, BUT WE LOOK FORWARD TO PICKING UP RIGHT WHERE WE LEFT OFF IN AUGUST 2022. THE PMF SUSTAINING COMMITTEE (PMF'S VOLUNTEER SOCIETY) CONTINUES TO SERVE AS THE BACKBONE OF THE ORGANIZATION. 55 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. 219606 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 0 0 0 0 0 1 0 0 0 1 82 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X X CHRISTOPH PTACK 9208544060 PO BOX 340 EPHRAIM WI 54211 DAVID KEEN CHAIR, BOARD OF DIRECTORS 5.00 X X 0 0 0 WILLIAM MILLER VICE CHAIR, BOARD OF DIRECTORS 3.00 X X 0 0 0 JACK ZILAVY TREASURER, BOARD OF DIRECTORS 3.00 X X 0 0 0 CAROL BERGNER SECRETARY, BOARD OF DIRECTORS 3.00 X X 0 0 0 GAIL FISCHER DIRECTOR 1.00 X 0 0 0 GABRIELE PFEIFFER 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 PENNY ENROTH DIRECTOR 1.00 X 0 0 0 BRUCE MCKEEFRY DIRECTOR 1.00 X 0 0 0 LEO REDDY DIRECTOR 1.00 X 0 0 0 CHRISTOPH PTACK PRESIDENT AND CEO 40.00 X 83077 0 2492 83077 0 2492 0 0 0 0 0 253613 29035 196271 2165 478919 CONCERT REVENUE 711300 20524 20524 20524 18 18 140 140 MISCELLANEOUS REVENUE 900099 228 228 228 499829 20524 0 386 X 2000 2000 82400 41247 12346 28807 55379 27720 8298 19361 1350 681 200 469 41365 41365 75038 74871 167 12649 12649 8505 5540 1968 997 17930 14027 3035 868 1976 1976 5122 5122 3593 2515 719 359 OTHER CONCERTS AND PROG 17067 17067 EQUIPMENT RENT 10095 8261 173 1661 DUES AND LICENSES 3633 2543 727 363 3474 3387 87 341576 219606 68998 52972 X 174873 238618 5011 25015 207 47234 242 8969 10729 355497 63999 72502 291498 998 261804 614092 57301 10002 43757 41731 171360 29000 130058 223093 X 130001 245704 1745 145295 131746 390999 261804 614092 X 158253 94000 7000 X 0 1 X 1 0 X 615714 606689 586878 486174 478919 2774374 615714 606689 586878 486174 478919 2774374 124214 2650160 445 313 197 158 1113 291 104 799 862 228 2284 2777771 612522 0.95410 0.92780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2016 AMOUNT: $ 291. 2017 AMOUNT: $ 104. 2018 AMOUNT: $ 799. 2019 AMOUNT: $ 862. 2020 AMOUNT: $ 228. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5052572 740240 1065219 253613 6604418 4745073 12455 525516 230472 5052572 4779236 42269 196568 273000 4745073 4623579 11059 414098 269500 4779236 4391427 19928 496575 284351 4623579 0.14960 0.53710 0.31330 0 1 1 355497 63999 291498 291498 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. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS CYNTHIA SARGENT AND MADELEINE SARGENT HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE AMENDED TO REFLECT CHANGES IN OFFICER TITLES (THE POSITIONS OF EXECUTIVE DIRECTOR CHANGED TO PRESIDENT AND CEO; BOARD PRESIDENT CHANGED TO CHAIR, BOARD OF DIRECTORS; AND BOARD VICE-PRESIDENT CHANGED TO VICE CHAIR, BOARD OF DIRECTORS) AND CHANGES IN THE COMMITTEE STRUCTURE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS E-MAILED TO ALL BOARD MEMBERS, ALONG WITH A TREASURER'S REPORT EXPLAINING WHAT TO REVIEW AND HOW TO INTERPRET THE INFORMATION. THE EXECUTIVE COMMITTEE REVIEWS FORM 990 IN DETAIL AT THE FIRST MEETING HELD AFTER THE 990 IS COMPLETED. THE REPRESENTATIVE OF THE AUDITORS JOINS THE APRIL BOARD MEETING BY PHONE TO ANSWER QUESTIONS AND REVIEW THE AUDIT WITH THE FULL BOARD. 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 THE EXECUTIVE COMMITTEE MEETS PRIOR TO THE END OF THE FISCAL YEAR TO DISCUSS THE EXECUTIVE DIRECTOR'S PERFORMANCE FOR THE YEAR. THE COMMITTEE DISCUSSES THE EXECUTIVE DIRECTOR'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 EXECUTIVE DIRECTOR FOR DISCUSSION AND APPROVAL. FOR OTHER EMPLOYEES, THE EXECUTIVE DIRECTOR 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. 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 74,871. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,871. WEBSITE MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 70. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70. PRESIDENT & CEO EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 97. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 97. FORM 990, PART XI, LINE 9: PRIOR YEAR SCHOLARSHIP 7,000. 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 253613 CASH