2012-04-14T10:09:04-05:00 2011-05-31 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2010-06-01 381689022 INTERLOCHEN CENTER FOR THE ARTS INTE 2312767200 PO BOX 199 INTERLOCHEN MI 496430199 PATRICK KESSEL 2312767200 2012-04-13 1 VICKI L VANDENBERG CPA 2695674500 2010 2016-02-24 21:20:13Z PATRICK M KESSEL PO BOX 199 INTERLOCHEN MI 496430199 46753325 0 X WWW.INTERLOCHEN.ORG X 1927 MI 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. 33 32 1312 442 60174 58270 4649399 6842719 34367182 35931582 1045974 1807832 56519 100453 40119074 44682586 8896624 9422496 0 0 17209815 19558000 160680 0 1269186 10659518 11898856 36926637 40879352 3192437 3803234 114923695 131438102 38536240 39743047 76387455 91695055 X INTERLOCHEN CENTER FOR THE ARTS ENGAGES AND INSPIRES PEOPLE WORLDWIDETHROUGH EXCELLENCE IN EDUCATIONAL, ARTISTIC AND CULTURAL PROGRAMS,ENHANCING THE QUALITY OF LIFE THROUGH THE UNIVERSAL LANGUAGE OF THEARTS. 0 0 16082485 8168179 21291097 INTERLOCHEN ARTS ACADEMY, THE NATION'S FIRST AND FOREMOST BOARDING FINEARTS HIGH SCHOOL, UNITES STUDENTS WITH OTHERS WHO VALUE THEIR HIGHESTASPIRATIONS, CREATING A CLOSE-KNIT ARTISTS' COMMUNITY. FIVE HUNDRED OFTHE WORLD'S MOST TALENTED AND MOTIVATED YOUNG ARTISTS STUDY MUSIC,DANCE, THEATRE, VISUAL ARTS, CREATIVE WRITING AND MOTION PICTURE ARTSIN A COLLEGE-LIKE SETTING. THEY FIND IN THE ACADEMY A FAST-PACED,CREATIVE ENVIRONMENT THAT CHALLENGES, INSPIRES AND FOCUSES THEIRTALENTS. WHILE PRODUCING MORE THAN 250 ARTISTIC PRESENTATIONS IN THESCHOOL YEAR, ACADEMY STUDENTS ALSO MASTER A RIGOROUS COLLEGEPREPARATORY ACADEMIC CURRICULUM THAT PREPARES THEM TO TAKE PROMINENTROLES IN A WHOLE UNIVERSE OF PROFESSIONAL ENDEAVORS. DURING SCHOOLYEAR 2010/2011 THERE WERE 475 STUDENTS; 367 STUDENTS RECEIVED GRANTS. 11901039 1254317 10743743 THE WORLD'S PREMIER SUMMER ARTS PROGRAM FOR ASPIRING ARTISTS GRADES 3THROUGH 12. INTERLOCHEN ARTS CAMP ATTRACTS STUDENTS, FACULTY AND STAFFFROM ALL 50 U.S. STATES,AND MORE THAN 40 COUNTRIES. THE WORLD'S BESTAND BRIGHTEST STUDENTS TRAIN INTENSIVELY WITH WORLD CLASS INSTRUCTORSAND PRODUCE MORE THAN 400 PRESENTATIONS EACH SUMMER IN DANCE, THEATER,CREATIVE WRITING, VISUAL ARTS, MOTION PICTURE ARTS AND MUSIC. DURINGSUMMER 2010 THERE WERE 2,495 STUDENTS, OF WHICH 518 STUDENTS RECEIVEDGRANTS. 2251548 2324145 INTERLOCHEN PRESENTS BRINGS A WORLD OF SUPERB PRESENTATIONS TO THEDOORSTEP OF NORTHWEST LOWER MICHIGAN, ENHANCING THE REGION'S POSITIONON THE GLOBAL ARTS MAP. MORE THAN 600 EVENTS EACH YEAR BY STUDENTS,FACULTY AND DISTINGUISHED GUEST ARTISTS MAKE INTERLOCHEN ONE OF THENATION'S LARGEST ARTS PRESENTERS. THERE IS A COMBINED SEATING CAPACITYOF 12,500 AND APPROXIMATELY 130,000 ATTENDEES ANNUALLY. 1608248 6755 INTERLOCHEN PUBLIC RADIO THROUGH TWO LISTENER-SUPPORTED BROADCAST SERVICES, INTERLOCHEN PUBLIC RADIO 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. 321650 393616 INTERLOCHEN COLLEGE OF CREATIVE ARTS OFFERS AN ENGAGING - AND EVOLVING- SERIES OF CLASSES AND PROGRAMS FOR ADULTS CALLED "INTERLOCHEN FORLIFE." MEMBERS OF THE INTERLOCHEN COMMUNITY - OF ALL AGES - THRIVE ONOPPORTUNITIES TO LEARN AND EXPRESS THEMSELVES CREATIVELY AND ON THESTRONG RELATIONSHIPS THAT RESULT FROM SUCH MEANINGFUL ENDEAVORS. 1929898 400371 32164970 1 1 0 1 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 1 0 1 0 0 0 0 1 1 1 0 0 1 145 0 1 1312 1 1 1 1 CJ CA 0 0 0 1 1 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X PATRICK M KESSEL VP OF FINANCE 2312767200 4000 M-137 PO BOX 199 INTERLOCHEN MI 496430199 X JEFFREY S KIMPTON 50.00 X X 397720 0 55031 WILLIAM T ALLDREDGE 1.50 X 0 0 0 JO ANN ARNOLD 1.50 X 0 0 0 KEITH W BAUM 1.50 X X 0 0 0 NEIL M BRESSLER 1.50 X 0 0 0 RALPH J CERNY 1.50 X 0 0 0 NANCY BANKOFF CHALIFOUR 1.50 X 0 0 0 REBECCA-SEN CHAN 1.50 X 0 0 0 DON V COGMAN 1.50 X 0 0 0 BRUCE COPPOCK 1.50 X X 0 0 0 CARL M DEFARIA 1.50 X 0 0 0 LEE W DENNISON 1.50 X 0 0 0 JANET S EILBER 1.50 X 0 0 0 KENNETH C FISCHER 1.50 X 0 0 0 RICHARD F CHORMANN 1.50 X 0 0 0 STEVE HAYDEN 1.50 X 0 0 0 JOHN F MANUEL 1.50 X 0 0 0 JOHN E MCGARRY 1.50 X 0 0 0 JOEL C MCNEELEY 1.50 X 0 0 0 THOMAS W MORRIS 1.50 X 0 0 0 JOHN H PETERSON 1.50 X 0 0 0 DAVID RHIND 1.50 X 0 0 0 JUDITH DOW TOWSLEY RUMELHART 1.50 X 0 0 0 JUDITH B SCHLABACH 1.50 X 0 0 0 SUMIT SENGUPTA 1.50 X 0 0 0 JAMES P SPICA 1.50 X 0 0 0 ELLIOT WEISSBLUTH 1.50 X 0 0 0 KATHERINE E WHITE 1.50 X 0 0 0 HON KURTIS T WILDER 1.50 X 0 0 0 KAREN WOLFF 1.50 X 0 0 0 NADINE M BRUNNER 1.50 X 0 0 0 SARAH S LUTMAN 1.50 X 0 0 0 JANINE B MAYVILLE 1.50 X 0 0 0 ROBERT DIMMICK 1.50 X 0 0 0 LOWELL J GRUMAN 1.50 X 0 0 0 TIMOTHY M JACKSON 1.50 X 0 0 0 JOHN HACKETT 1.50 X 0 0 0 THOMAS M PAULSON 50.00 X 76712 0 20631 ANN L HANSON 50.00 X X 171150 0 18804 TIMOTHY WADE 50.00 X X 146964 0 26685 ERIC J SNOEK 50.00 X X 223044 0 30009 JUDY ROOT 50.00 X 52415 0 10664 PATRICK M KESSEL 50.00 X X 215693 0 37847 EDWARD FARRADAY 50.00 X X 194026 0 25990 BETH STONER 50.00 X 167130 0 19904 ROGER VALADE III 50.00 X 161444 0 12804 DEREK KWAN 50.00 X 110961 0 23315 KEDRIK MERWIN 50.00 X 119503 0 23452 STEVEN HOFFMAN 50.00 X 100709 0 23050 2137471 0 328186 11 0 1 0 BLUE CROSS BLUE SHEILD PO BOX 660820 DALLAS TX 75266 GROUP HEALTH INSURANCE 1716175 GRAND TRAVERSE CONSTRUCTION CO 1616 S AIRPORT ROAD TRAVERSE CITY MI 49686 CONSTRUCTION 433485 HIRTLE CALLAGHAN & CO FIVE TOWER BRIDGE STE 500 CONSHOHOCKEN PA 19428 INVESTMENT MANAGER 230218 CADILLAC INSURANCE CENTER INC 932 NORTH MITCHELL STREET CADILLAC MI 49601 INSURANCE 214566 DELTA DENTAL 27500 STANSBURY STREET FARMINGTON MI 48334 GROUP HEALTH INSURANCE 163670 8 127085 65000 6650634 469402 6842719 STUDENT TUITION & FEES 611610 32190351 32190351 CONCERT ADMISSIONS 711300 1937830 1937830 EMPLOYEE HOUSING 721000 972332 972332 OTHER DEPARTMENT INCOM 900099 631175 631175 OTHER SALES 900099 129476 129476 70418 70418 35931582 1467977 1467977 60174 60174 60174 60174 901313 561458 339855 339855 339855 1549560 1509281 40279 40279 44682586 34759356 60174 3020337 7595626 7595626 1826870 1826870 1707382 513674 940867 252841 14275102 11578721 2111889 584492 1004253 786784 165538 51931 1393681 1140533 186814 66334 1177582 880753 249279 47550 53023 49241 3782 73000 73000 6862 6862 246183 246183 725406 675334 43465 6607 478882 18519 437627 22736 3072897 2019787 980479 72631 686309 686309 738375 616531 92485 29359 714363 426170 188778 99415 63252 47019 14345 1888 56873 56873 1868356 1494685 373671 221247 221247 FOODS 1061332 1036702 16338 8292 ARTIST FEES 973826 973826 MAINTENANCE 299510 259577 39659 274 UNRELATED BUSINESS INCO 14000 14000 545160 273859 250247 21054 40879352 32164970 7445196 1269186 8859169 12304758 2478711 478423 1972345 1997611 28658 54500 1368216 1111879 678885 655902 76879490 36371715 40541664 40507775 55668220 22254058 1961684 50663862 1366143 1409334 114923695 131438102 2057978 2135891 9558032 10598653 26300000 26300000 620230 708503 38536240 39743047 X 51664628 65259617 3831869 5271734 20890958 21163704 76387455 91695055 114923695 131438102 X 3803234 11504366 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6862 6862 40872489 40879351 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6089 6375 6500 6862 25826 250000 250000 250000 250000 1000000 1500000 PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE C, PART II-A, LINE 2 THIS FIRST SECTION 501(H) ELECTION WAS NOT REVOKED BEFORE THE START OF THE TAX YEAR THAT BEGAN JUNE 1, 2010. X X X 0 53899936 3506552 10513097 617414 1363805 65938366 42732022 7907582 5957299 656254 2040713 53899936 56484482 2959933 -14481271 792694 1438428 42732022 0.64360 0.35640 0 0 480181 480181 52465866 25096483 27369383 2978346 1454869 1523477 20126627 9820363 10306264 828470 828470 40507775 U.S. FIXED INCOME - CORE 6818386 F U.S. EQUITY LARGE GROWTH 12925087 F U.S. EQUITY LARGE VALUE 10159572 F INTERNATIONAL EQUITY DEVELOPED 18716671 F PRIVATE EQUITY 2044146 F 50663862 ANNUITIES PAYABLE 708503 708503 44682586 40879352 3803234 11504366 11504366 15307600 48027554 11504366 1263098 12767464 35260090 9422496 9422496 44682586 32719954 1263098 1263098 31456856 9422496 9422496 40879352 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 RECENTLY 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 4.5 PERCENT OF ITS ENDOWMENT FUNDS' AVERAGE FAIR MARKET VALUE OVER THE PRIOR THREE YEARS. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,509,281. INVESTMENT MANAGEMENT FEES -246,183. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 9,422,496. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,509,281. INVESTMENT MANAGEMENT FEES -246,183. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 9,422,496. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 INTERLOCHEN CENTER FOR THE ARTS ("ICA") RECEIVES 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. ICA ALSO RECEIVED A SMALL GRANT DIRECTLY FROM THE NATIONAL ENDOWMENT FOR THE ARTS. NORTH AMERICA 0 0 SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 167800 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 99740 SOUTH AMERICA 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 235230 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 188200 MIDDLE EAST AND NORTH AFRICA 0 0 SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 24300 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 101000 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 938600 SOUTH ASIA 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 28000 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN REGION. 44000 0 0 0 0 0 0 1782870 44000 1826870 STUDENT FINANCIAL AID NORTH AMERICA 21 167800 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID CENTRAL AMERICA & CARIBBEAN 6 99740 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID SOUTH AMERICA 36 235230 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID EUROPE 11 188200 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID MIDDLE EAST & NORTH AFRICA 4 24300 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 3 101000 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID EAST ASIA & PACIFIC 59 938600 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID SOUTH ASIA 1 28000 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID RUSSIA 2 44000 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 1 0 1 1 0 0 1 STUDENT FINANCIAL AID 775 7595626 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE GRANTS AWARDED BY INTERLOCHEN CENTER FOR THE ARTS ARE SCHOLARSHIPS FOR HIGH SCHOOL OR CAMP STUDENTS. SCHOLARSHIPS ARE NOT PAID OUT IN THE FORM OF CASH BUT RATHER USED TO OFFSET THE TUITION OWED FOR THE STUDENT. AS SUCH, THERE IS NO PROCEDURE NECESSARY FOR MONITORING THE GRANTS. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 JEFFREY S KIMPTON 342720 0 55000 0 0 0 26133 0 30828 0 454681 0 0 0 ANN L HANSON 157250 0 13900 0 0 0 18804 0 456 0 190410 0 0 0 TIMOTHY WADE 133504 0 13460 0 0 0 16942 0 19739 0 183645 0 0 0 ERIC J SNOEK 149954 0 0 0 73090 0 24023 0 6442 0 253509 0 0 0 PATRICK M KESSEL 197668 0 18025 0 0 0 22145 0 16159 0 253997 0 0 0 EDWARD FARRADAY 176026 0 18000 0 0 0 21948 0 4499 0 220473 0 0 0 BETH STONER 149130 0 18000 0 0 0 15861 0 4499 0 187490 0 0 0 ROGER VALADE III 149444 0 12000 0 0 0 0 0 13260 0 174704 0 0 0 PART I, LINE 1A ICA PROVIDES A RESIDENCE FOR PERSONAL USE TO THE PRESIDENT AND VICE PRESIDENT OF STUDENT SERVICES. THE RESIDENCE FOR THE PRESIDENT AND VICE PRESIDENT OF STUDENT SERVICES ARE LOCATED ON ICA'S CAMPUS, ARE PROVIDED FOR THE CONVENIENCE OF ICA, AND THE PRESIDENT AND VICE PRESIDENT OF STUDENT SERVICES ARE 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 EITHER EMPLOYEE. PART I, LINE 4A ERIC SNOEK RECEIVED SEVERANCE PAYMENTS TOTALING $73,090 DURING CALENDAR 2010 THE ECONOMIC DEVELOPMENT CORPORATION OF THE TOWNSHIP OF GREEN LAKE 522043802 393096AB8 2004-08-11 26300000 SEE SCHEDULE K, SUPPLEMENTAL INFORMATION FOR DESCRIPTION OF PURPOSE 0 0 0 26494241 319656 7175169 18999416 2006 1 0 1 1 0 0 0 0 1 0 1 0 1 PALLAS CAPITAL CORPORATION 2.000000000000 0 0 1 SCHEDULE K SUPPLENTAL INFORMATION REFUND $16,100,000 BOND ISSUE OF JUNE 1997. REFUND $2,850,000 BANK TERM NOTE. CONSTRUCT CREATIVE WRITING BUILDING, ADDITION TO HARVEY THEATRE BUILDING, MISCELLANEOUS RENOVATIONS AND CAPITAL ITEMS. BYRON HANSON FAMILY MEMBER OF ANN HANSON,VICE PRESIDENT OF HUMAN RESOURCES 57800 EMPLOYMENT- BYRON IS AN ARCHIVIST FOR INTERLOCHEN CENTER FOR THE ARTS, THERE IS NOT A DIRECT REPORT RELATIONSHIP WITH ANN HANSON. 0 X 35 469402 SEE PART II 0 1 0 THIRD PARTY USE: PART I, LINE 32B: SCHEDULE M, PART 1, COLUMN (D) 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 11 THE FORM 990 IS PREPARED BY INTERLOCHEN CENTER FOR THE ARTS ("ICA") ACCOUNTANT AND CONTROLLER. 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. AT HIS/HER DISCRETION, THE CHAIR OF THE BOARD OF TRUSTEES MAY REVIEW THE DRAFT FORM 990 WITH THE CHAIR OF THE AUDIT COMMITTEE. CONCURRENT WITH THE AFOREMENTIONED REVIEWS, THE DRAFT OF THE FORM 990 IS REVIEWED BY ICA'S EXTERNAL AUDITING FIRM, PLANTE & MORAN, PLLC ("PLANTE & MORAN"). WHEN THE FORM 990 IS FINALIZED, IT IS SIGNED BY THE VICE PRESIDENT OF FINANCE AND PLANTE & MORAN, AS THE "PREPARER". 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 15 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 2010. 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. THE COMMITTEE MAKES COMPENSATION RECOMMENDATIONS TO THE FULL BOARD OF TRUSTEES WHICH THEN VOTES ON THE MATTER. THIS PROCESS WAS LAST UNDERTAKEN IN OCTOBER 2010 FOR THE FOLLOWING ICA EMPLOYEE POSITIONS: VICE PRESIDENT OF HUMAN & INSTITUTIONAL RESOURCES, VICE PRESIDENT OF FINANCE, VICE PRESIDENT OF ADVANCEMENT, VICE PRESIDENT OF MEDIA, VICE PRESIDENT OF STUDENT AFFAIRS AND VICE PRESIDENT OF EDUCATION PROGRAMS. 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. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B) THE VICE PRESIDENT OF ADVANCEMENT WORKED AN AVERAGE OF .2 HOURS PER WEEK DEVOTED TO A RELATED ORGANIZATION, CANADIAN FRIENDS OF INTERLOCHEN. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 11,504,366. PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. CANADIAN FRIENDS OF INTERLOCHEN (CORP #4436407) PO BOX 9401 STATION A TORONTO CA M5W 4E1 SCHOLARSHIPS TO ADVANCE EDUCATION FOR STUDENTS ATTENDING ICA CA 149(1)(F) INTERLOCHEN CENTER FOR THE ARTS 1 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 CANADIAN FRIENDS OF INTERLOCHEN C 127085