2015-02-16T13:47:47-06:00 2014-09-30 391173131 SCHENCK SC PO BOX 23819 GREEN BAY WI 543053819 990 2013-10-01 391691920 PENINSULA MUSIC FESTIVAL INC PENI 9208544060 PO BOX 340 EPHRAIM WI 54211 WILLIAM MILLER TREASURER 9208544060 2015-02-09 1 THOMAS L KARMAN P00239197 9204367800 2015-02-09 2013 2016-02-25 16:41:14Z WILLIAM MILLER PO BOX 340 EPHRAIM WI 54211 708361 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 ENHANCEMENT OF MUSIC APPRECIATION AND EDUCATION IN DOOR COUNTY, WISCONSIN. 12 12 5 82 0 0 434139 524800 208760 182551 347 161 2272 741 645518 708253 6350 2500 0 0 120244 126171 0 0 44232 608234 566550 734828 695221 -89310 13032 192271 204357 124661 123715 67610 80642 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 581932 2500 182572 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 A BROAD REPERTOIRE, PROMOTES YOUNG ARTISTS AND ENCOURAGES THE APPRECIATION OF MUSIC. THE PMF WAS FOUNDED IN 1953 BY LORENZ HEISE, KAY WILSON, AND THOR JOHNSON AND WAS INSPIRED BY THE EARLY MORAVIAN MUSIC FESTIVAL. CURRENTLY HAVING COMPLETED ITS 62ND YEAR, THE PMF PRESENTS NINE DIFFERENT CONCERTS THE FIRST THREE WEEKS OF AUGUST EVERY YEAR FEATURING MUSICIANS REPRESENTING AMERICA'S FINEST ORCHESTRAS. EACH CONCERT FEATURES A GUEST ARTIST OF NATIONAL STATURE. THE PMF IS THE ONLY FULLY PROFESSIONAL SYMPHONY ORCHESTRA IN NORTHEAST WISCONSIN. VICTOR YAMPOLSKY, HEAD OF ORCHESTRA'S AT NORTHWESTERN UNIVERSITY, HAS BEEN THE CONDUCTOR AND MUSIC DIRECTOR FOR 29 YEARS. ADDITIONAL PRESENTATIONS INCLUDE WINTER CHAMBER CONCERTS AND RADIO BROADCASTS ON WISCONSIN PUBLIC RADIO. ADDITIONALLY, THE PMF PROVIDES COLLEGE SCHOLARSHIPS AND SUMMER MUSIC AWARDS. THERE IS ALSO AN EXTENSIVE INTERNSHIP PROGRAM AVAILABLE IN ARTS ADMINISTRATION. OVER 6,000 PEOPLE ATTENDED THE NINE CONCERTS. IN THE LAST 23 YEARS, THE OPERATING BUDGET OF THE PMF HAS GROWN SUBSTANTIALLY. THE ENDOWMENT HAS GROWN FROM $450,000 TO $4.4 MILLION IN 17 YEARS, AND ALTHOUGH THE CURRENT ECONOMY HAS SEEN A DIP IN THE VALUE OF INVESTMENTS, THE CONSERVATIVE STRATEGY SET BY THE TRUSTEES THAT STRESSES LONG-TERM STABILITY RATHER THAN QUICK GROWTH HAS PAID OFF FOR THE PMF. THE PMF PRIDES ITSELF ON FOCUSING ON THE HIGH QUALITY OF THE ORCHESTRA AND OPERATING WITH LOW ADMINISTRATIVE OVERHEAD. IN THE PREVIOUS SEVEN YEARS, THE ADMINISTRATIVE PORTION OF THE BUDGET ONLY GREW AT A RATE OF 1%. THE ENDOWMENT HAS CONTINUED TO GROW THROUGH STRONG, STABLE INVESTMENTS AND ADDITIONAL CONTRIBUTIONS. THE BOARD OF DIRECTORS HAS COMMITTED ITSELF TO RAISING AN ADDITIONAL $1 MILLION FOR THE ENDOWMENT OVER THE NEXT FIVE YEARS. THE PMF AWARDED A COLLEGE SCHOLARSHIP THIS PAST YEAR AND NUMEROUS MUSIC AWARDS TO ENCOURAGE MUSIC STUDENTS TO ATTEND CAMPS AND TAKE PRIVATE LESSONS. THE PMF ALSO SUPPORTED THE GIBRALTAR HIGH SCHOOL MUSIC BOOSTERS THROUGH A DONATION AND HAS PARTNERED WITH THE DOOR COUNTY STRING ACADEMY (FORMERLY THE PMF YOUTH STRING PROGRAM) TO PROVIDE THE CONCESSIONS AT CONCERTS. THIS WAS THE FOURTH YEAR OF THE FESTIVAL'S $10 STUDENT/CHILDREN TICKET PROGRAM WHICH WAS UNDERWRITTEN BY A GENEROUS DONATION FROM THE MAIHAUGEN FOUNDATION. ALMOST 200 YOUNG PEOPLE TOOK ADVANTAGE OF THE $10 TICKET FOR ANY SEAT TO ANY CONCERT AT ANY TIME. IN ADDITION TO THE NINE CONCERTS IN THREE WEEKS, THE PMF PRESENTED FEBRUARY FEST WHICH FEATURED MEMBERS OF THE ORCHESTRA IN CHAMBER ENSEMBLES. PREVIOUSLY THERE HAVE BEEN TWO OR THREE CONCERTS IN FEBRUARY FEST, BUT THIS YEAR ONLY ONE WAS PRESENTED. FEBRUARY FEST KEEPS THE PMF IN THE PUBLIC EYE DURING THE 11 MONTHS FROM SEPTEMBER TO AUGUST. IT ALSO ALLOWS AUDIENCE MEMBERS TO HEAR THE DEPTH OF TALENT IN THE ORCHESTRA BY BRINGING ORCHESTRA MEMBERS BACK DURING THE OFF SEASON TO PERFORM. THE AUDIENCE ENJOYS HEARING THE CONCERTS, AS WELL AS HAVING A CHANCE TO BECOME FAMILIAR WITH THE ORCHESTRA MEMBERS IN A MORE INTIMATE SETTING AND DURING THE QUIET TIME OF THE YEAR. THE HOPE IS TO PRESENT THE FULL THREE CONCERTS DURING FEBRUARY 2015. NEW TO THE PMF IS THE EMERGING CONDUCTOR PROGRAM WHICH IS NOW OFFICIAL. THIS WAS THE THIRD YEAR, BUT ONLY THE FIRST "OFFICIAL" YEAR. THE FIRST TWO YEARS WERE TRIAL YEARS AND THANKS TO FEEDBACK FROM OUR 'GUINEA PIGS' HAS NOW BEEN ADAPTED AS A PART OF THE FESTIVAL'S EDUCATION OUTREACH PROGRAMS. THE PENINSULA MUSIC FESTIVAL'S EMERGING CONDUCTOR PROGRAM WILL PROVIDE TRAINING AND EXPOSURE FOR ASPIRING CONDUCTORS WITH A PROFESSIONAL ORCHESTRA. THE PROGRAMS INTENTION IS TO PROVIDE BROAD EXPERIENCE WITH ALL ASPECTS OF ORCHESTRA CONDUCTING AND MANAGEMENT TO ENHANCE THEIR CAREER GOALS.THE PMF OPERATES WITH NO ACCUMULATED DEFICIT. THE CONTINUING CHALLENGES IN THE TOURIST AREA AFFECT THE PMF AND THIS SEASON, SAW A DIP IN ATTENDANCE FIGURES THOUGH THE POSITIVE FEEDBACK/RESPONSE TO THE CONCERT SEASON WAS SOME OF THE BEST EVER. THE PMF CONTINUES TO WORK WITH THE ROADS SCHOLAR PROGRAM (FORMALLY ELDER HOSTEL) TO PRESENT A ONE-WEEK PROGRAM ON THE HISTORY AND WORKINGS OF THE PMF. 50 TRAVELERS PARTICIPATED IN THE PROGRAM. THIS PROGRAM HAS BEEN BOOKED FOR 2015 AND A SECOND WEEK HAS BEEN ADDED DUE TO THE GROWING POPULARITY. THE PMF SUSTAINING COMMITTEE (OUR VOLUNTEER ARM) CONTINUES TO BE THE BACKBONE OF THE ORGANIZATION. 68 VOLUNTEERS PROVIDE THOUSANDS OF HOURS OF SERVICE TO THE ORGANIZATION BY PICKING UP GUEST ARTISTS FROM THE AIRPORT, 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. THOUGH THE ECONOMY AND OUR GEOGRAPHIC LOCATION CONTINUES TO CHALLENGE US, THE PMF HAD AN AMAZING YEAR. THE PMF ACHIEVED MANY OF ITS GOALS AND FULFILLED 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. 581932 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 1 112 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X X SHARON GRUTZMACHER 9208544060 PO BOX 340 EPHRAIM WI 54211 GAIL FISCHER DIRECTOR 0.50 X 0 0 0 JACK ZILAVY 2016 PRESIDENT 3.00 X X 0 0 0 ORREN BRADLEY 2015 2ND VICE PRESIDENT 1.10 X X 0 0 0 WILLIAM MILLER 2016 TREASURER 2.50 X X 0 0 0 SUE STONE 2014 SECRETARY 1.70 X X 0 0 0 NORMA BRAMSEN 2014 DIRECTOR 1.10 X 0 0 0 MARILYN PETERSON 2016 DIRECTOR 2.30 X 0 0 0 CYNTHIA SARGENT 2015 DIRECTOR 0.50 X 0 0 0 DIANE TRENCHARD 2014 DIRECTOR 2.50 X 0 0 0 CHALLONER BROWN 2014 PMFSC PRESIDENT 2.10 X 0 0 0 DON FUNDINGSLAND 2016 DIRECTOR 0.50 X 0 0 0 KAREN SMUDA 2014 1ST VICE PRESIDENT 1.50 X X 0 0 0 SHARON GRUTZMACHER EXECUTIVE DIRECTOR 40.00 X 70000 0 6600 70000 0 6600 0 0 0 0 0 218151 306649 2404 524800 CONCERT REVENUE 711300 182551 182551 182551 230 230 157 157 69 -69 -69 -69 60 39 21 21 MISCELLANEOUS REVENUE 900099 563 563 563 708253 182572 0 881 X 2500 2500 76892 38446 11534 26912 37835 15932 13479 8424 3211 1335 1190 686 8233 3889 1829 2515 350 350 26850 26850 135669 135669 36259 36259 42442 34432 5503 2507 37979 31242 5481 1256 1860 879 413 568 9000 6325 1784 891 ORCHESTRA/FESTIVAL EXPE 261532 261532 MISCELLANEOUS 11391 11239 152 DUES AND LICENSES 3218 2253 644 321 695221 581932 69057 44232 X 35466 36681 38899 49100 625 2049 2010 12838 10805 142904 37143 102394 105761 192271 204357 124551 123715 110 0 124661 123715 X 67610 80642 67610 80642 192271 204357 13032 0 X 0 1 X 0 0 X 604919 609546 567991 434139 524800 2741395 604919 609546 567991 434139 524800 2741395 186218 2555177 503 800 710 606 387 3006 19833 21564 20505 21013 17913 100828 1441 876 1130 1979 563 5989 2851218 960028 0.89620 0.87360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4374567 19479 320539 218151 4496434 4035937 193457 337268 192095 4374567 3648671 59028 505076 176838 4035937 3402948 360306 48175 162758 3648671 3324555 18750 223784 164141 3402948 0.69000 0.31000 0 1 1 142904 37143 105761 105761 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 EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION ON UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATIONS QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAVE BEEN CLASSIFIED AS ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS UNDER SECTION 509(A)(2). THE ORGANIZATIONS ARE ALSO EXEMPT FROM WISCONSIN INCOME TAXES. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN MANAGEMENT AND GENERAL EXPENSES, IF APPLICABLE. THE ORGANIZATIONS HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES FOR THE YEAR ENDED SEPTEMBER 30, 2014. THE ORGANIZATIONS' FEDERAL RETURNS ARE SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THEY ARE FILED AND ITS STATE RETURNS ARE SUBJECT TO EXAMINATION GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED. FORM 990, PART VI, SECTION B, LINE 11 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 ITS JANUARY MEETING. 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 135,669. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 135,669. THOR JOHNSON ENDOWMENT TRUST PO BOX 340 EPHRAIM WI 54211 391791596 PROVIDE GRANTS TO PENINSULA MUSIC FESTIVAL, INC. WI 501(C)(3) LINE 11A, I 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 218151 CASH