2020-08-13T13:35:37-05:00 2019-09-30 410746749 CLIFTONLARSONALLEN LLP PO BOX 23819 GREEN BAY WI 54305 990 2018-10-01 391691920 PENINSULA MUSIC FESTIVAL INC PENI 9208544060 PO BOX 340 EPHRAIM WI 54211 DAVID KEEN PRESIDENT 9208544060 2020-08-13 1 WENDY MALLO P01250277 9204367800 2020-08-10 67.137.57.251 2020-08-13 10:28:16 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 68A8617C0AD29218D2F533B16786D63848C73BA4 2018 2020-11-06 18:47:13Z DAVID KEEN PO BOX 340 EPHRAIM WI 54211 769376 0 X WWW.MUSICFESTIVAL.COM X 1953 WI THE PENINSULA MUSIC FESTIVAL, INC. IS COMMITTED TO THE PRESENTATION OF EXCELLENT PERFORMANCES BY A PROFESSIONAL SYMPHONY ORCHESTRA AND THE ENHANCEMENET OF MUSIC APPRECIATION AND EDUCATION IN DOOR COUNTY, WISCONSIN. 12 12 5 70 0 0 606689 586878 195338 181502 313 197 104 799 802444 769376 3750 2200 0 0 160598 142640 0 0 55255 643346 694711 807694 839551 -5250 -70175 125073 86385 85209 116696 39864 -30311 X THE PENINSULA MUSIC FESTIVAL, INC. IS COMMITTED TO THE PRESENTATION OF EXCELLENT PERFORMANCES BY A PROFESSIONAL SYMPHONY ORCHESTRA AND THE ENHANCEMENT OF MUSIC APPRECIATION AND EDUCATION IN DOOR COUNTY, WISCONSIN. 0 0 693122 2200 181502 THE PENINSULA MUSIC FESTIVAL, INC. (PMF) FINANCES AND PRESENTS EXCELLENT PERFORMANCES BY A PROFESSIONAL ORCHESTRA OF DEDICATED MUSICIANS EACH SUMMER IN DOOR COUNTY, WISCONSIN. THE PMF PRESENTS BROAD REPERTOIRE, PROMOTES YOUNG ARTISTS AND ENCOURAGES THE APPRECIATION OF MUSIC. PMF WAS FOUNDED IN 1953 BY LORENZ HEISE, KAY WILSON, AND THOR JOHNSON AND WAS INSPIRED BY THE EARLY MORAVIAN MUSIC FESTIVAL. CURRENTLY IN ITS 68TH SEASON, THE 65-MEMBER FESTIVAL ORCHESTRA IS COMPRISED OF MUSICIANS WHO REPRESENT LEADING SYMPHONY AND OPERA ORCHESTRAS FROM 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 PROGRAMMING INITIATIVES PRODUCED THROUGHOUT THE YEAR INCLUDING SOLO RECITALS, SPECIAL CONCERT EVENTS, AND A MONTH-LONG CHAMBER MUSIC SERIES IN FEBRUARY THAT FEATURES MEMBERS OF THE FESTIVAL ORCHESTRA AND OTHER GUEST ARTISTS. EACH SYMPHONY SERIES CONCERT FEATURES A GUEST ARTIST OF NATIONAL STATURE, AND IT'S WORTHWHILE NOTING THAT THE FESTIVAL ORCHESTRA IS THE ONLY FULLY PROFESSIONAL SYMPHONY ORCHESTRA IN NORTHEAST WISCONSIN. ADDITIONALLY, THE PMF PROVIDES COLLEGE SCHOLARSHIPS AND SUMMER MUSIC AWARDS. OVER 6,000 PEOPLE ATTENDED THE NINE CONCERTS. IN THE LAST 26 YEARS, THE OPERATING BUDGET OF THE PMF HAS GROWN SUBSTANTIALLY. THE ENDOWMENT HAS GROWN FROM $450,000 TO $4.6 MILLION IN 20 YEARS. THE CONSERVATIVE STRATEGY SET BY THE TRUSTEES THAT STRESSES LONG-TERM STABILITY RATHER THAN QUICK GROWTH HAS PAID OFF GREATLY FOR THE PMF. PMF PRIDES ITSELF ON FOCUSING ON THE HIGH QUALITY OF THE ORCHESTRA AND OPERATING WITH LOW ADMINISTRATIVE OVERHEAD. IN THE PREVIOUS TEN YEARS, THE ADMINISTRATIVE PORTION OF THE BUDGET ONLY GREW AT A RATE OF 1.5%. THE ENDOWMENT HAS CONTINUED TO GROW THROUGH STRONG, STABLE INVESTMENTS AND ADDITIONAL CONTRIBUTIONS. THE PMF AWARDS COLLEGE SCHOLARSHIPS EACH YEAR AS WELL AS NUMEROUS MUSIC AWARDS TO ENCOURAGE MUSIC STUDENTS TO ATTEND SUMMER CAMPS AND TAKE PRIVATE LESSONS. THE PMF CONTINUES TO PARTNER WITH THE SEVASTOPOL MUSIC BOOSTERS TO PROVIDE CONCESSIONS AT CONCERTS. THIS WAS THE EIGHTH YEAR OF THE FESTIVAL'S $10 STUDENT/CHILDREN TICKET PROGRAM WHICH WAS MOST RECENTLY SUPPORTED BY NICOLET NATIONAL BANK. PMF'S EXPANDED PROGRAMMATIC OFFERINGS THROUGHOUT THE CALENDAR YEAR HELP TO KEEP THE FESTIVAL IN THE PUBLIC EYE, RELEVANT AND IN A CONSTANT POSITION TO PROVIDE WORLD-CLASS MUSICAL EXPERIENCES TO THOSE ON THE PENINSULA AND BEYOND. THE EMERGING CONDUCTOR PROGRAM COMPLETED IT'S EIGHTH YEAR, AND HAS NOW BEEN ADAPTED AS A PART OF THE FESTIVAL'S EDUCATIONAL OUTREACH ACTIVITIES. THE PENINSULA MUSIC FESTIVAL'S EMERGING CONDUCTOR PROGRAM PROVIDES TRAINING AND EXPOSURE FOR ASPIRING CONDUCTORS WITH A PROFESSIONAL SYMPHONY ORCHESTRA. THE PROGRAM'S INTENTION IS TO PROVIDE BROAD EXPERIENCE WITH ALL ASPECTS OF ORCHESTRA CONDUCTING AND MANAGEMENT TO ENHANCE THEIR CAREER GOALS.THE PMF CONTINUES TO COLLABORATE WITH THE ROADS SCHOLAR PROGRAM (FORMALLY ELDER HOSTEL) TO PRESENT TWO ONE-WEEK PROGRAMS ON THE HISTORY AND WORKINGS OF THE PMF. THE PROGRAM HAS GROWN TO NOW OFFER TWO ONE-WEEK PROGRAMS FOR THE PAST THREE YEARS. 30 TRAVELERS PARTICIPATED IN THE PROGRAM. THIS PROGRAM HAS BEEN RE-BOOKED FOR 2020, AND WE LOOK FORWARD TO PARTICIPAITING FOR MANY YEARS TO COME. 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, CHAUFFERING 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 LEAGE OF AMERICAN ORCHESTRAS. THE COMPONENTS INCLUDE: ADMINISTRATIVE - WE LOOK AT THE ORGANIZATIONAL STRUCTURE, BOARD, STAFF AND VOLUNTEERS AS WELL AS MARKETING AND DEVELOPMENT; FINANCIAL - PLANNING AND REPORTING; ARTISTIC - REPERTOIRE, OPERATIONAL AND PROFESSIONAL DEVELOPMENT. PMF CONTINUES TO ACHIEVE MANY OF ITS GOALS, AND FULFILLS 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 IT SERVES. 693122 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 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 98 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 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 PRESIDENT 1.00 X X 0 0 0 JACK ZILAVY SECRETARY 5.00 X X 0 0 0 BARB RISTAU TREASURER 3.00 X X 0 0 0 CAROL BERGNER PMFSC PRESIDENT 1.00 X X 0 0 0 GAIL FISCHER DIRECTOR 1.00 X 0 0 0 MYRON MARLETT DIRECTOR 1.00 X 0 0 0 WILLIAM MILLER DIRECTOR 2.70 X 0 0 0 GABRIELE PFEIFFER DIRECTOR 2.70 X 0 0 0 CYNTHIA SARGENT DIRECTOR 1.00 X 0 0 0 MADELEINE SARGENT DIRECTOR 3.00 X 0 0 0 TONY VALLERA DIRECTOR 3.00 X 0 0 0 ASHTON WALLER DIRECTOR 5.00 X 0 0 0 WILLIAM WIGGINS DIRECTOR 0.60 X 0 0 0 SHARON GRUTZMACHER EXECUTIVE DIRECTOR 40.00 X 68990 0 0 CHRISTOPH PTACK EXECUTIVE DIRECTOR 40.00 X 0 0 0 68990 0 0 0 0 0 0 0 273000 313878 6400 586878 CONCERT REVENUE 711300 181502 181502 181502 197 197 MISCELLANEOUS REVENUE 900099 799 799 799 769376 181502 0 996 X 2200 2200 58630 30460 8451 19719 65198 33872 9398 21928 7484 3888 1079 2517 11328 5885 1633 3810 16429 16429 40951 40951 446305 444752 1553 34095 34095 37788 33481 2855 1452 41301 34093 5896 1312 12122 10766 407 949 2163 1514 433 216 EQUIPMENT RENT 26939 24358 183 2398 OTHER CONCERTS AND PROG 11455 11455 DUES AND LICENSES 6129 4290 1226 613 19034 18013 680 341 839551 693122 91174 55255 X 12958 5720 25487 5010 628 13495 4057 130367 59397 73133 70970 125073 86385 84957 116444 252 252 85209 116696 X 39864 -32531 2220 39864 -30311 125073 86385 -70175 0 X 0 1 X 1 0 X 521844 556076 615714 606689 586878 2887201 521844 556076 615714 606689 586878 2887201 142981 2744220 551 387 445 313 197 1893 17088 17832 34920 250 401 291 104 799 1845 2925859 923284 0.93790 0.92060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2014 AMOUNT: $ 250. 2015 AMOUNT: $ 401. 2016 AMOUNT: $ 291. 2017 AMOUNT: $ 104. 2018 AMOUNT: $ 799. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4779236 42269 196568 273000 4745073 4623579 11059 414098 269500 4779236 4391427 19928 496575 284351 4623579 4272001 125605 228610 234789 4391427 4496434 40647 -38580 226500 4272001 0.04240 0.71850 0.23910 0 1 1 130367 59397 70970 70970 X 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. PART X, LINE 2: PENINSULA MUSIC FESTIVAL, INC. AND THOR JOHNSON ENDOWMENT TRUST ARE ORGANIZED AS WISCONSIN NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS ORGANIZATIONS DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTIONS 170(B)(1)(A)(VI) AND (VIII), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER IRC SECTIONS 509(A)(1) AND (3), RESPECTIVELY. EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. WE HAVE DETERMINED THAT EACH ENTITY IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAVE NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS CYNTHIA SARGENT AND MADELEINE SARGENT HAVE A FAMILY RELATIONSHIP. 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 444,752. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 444,752. GRAPHIC DESIGN: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,553. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,553. THOR JOHNSON ENDOWMENT TRUST PO BOX 340 EPHRAIM WI 54211 391791596 PROVIDE GRANTS TO PENINSULA MUSIC FESTIVAL, INC. WI 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THOR JOHNSON ENDOWMENT TRUST C 273000 CASH