2014-02-25T11:41:05-06:00 2013-09-30 391173131 SCHENCK SC PO BOX 23819 GREEN BAY WI 543053819 990 2012-10-01 391691920 PENINSULA MUSIC FESTIVAL INC PENI 9208544060 PO BOX 340 EPHRAIM WI 54211 JOHN ZILAVY 9208544060 2014-02-20 1 THOMAS L KARMAN P00239197 9204367800 2014-02-19 2012 2015-11-30 17:44:51Z JOHN ZILAVY PO BOX 340 EPHRAIM WI 54211 646805 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. 13 13 8 107 0 0 567991 434139 259898 208760 529 347 1652 2272 830070 645518 100161 6350 0 0 119620 120244 0 0 42546 599237 608234 819018 734828 11052 -89310 183129 192271 26209 124661 156920 67610 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. 1 1 623880 6350 208794 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 61ST 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 NORTHWESTERN UNIVERSITY'S ORCHESTRA, 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 22 YEARS, THE OPERATING BUDGET OF THE PMF HAS GROWN FROM $127,000 TO NEARLY $750,000. THE ENDOWMENT HAS GROWN FROM $450,000 TO ALMOST $4.4 MILLION IN 16 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 SIX YEARS, THE ADMINISTRATIVE PORTION OF THE BUDGET ONLY GREW AT A RATE OF 1%. THE ENDOWMENT HAS REGAINED ALL OF THE LOSS SUFFERED BY THE DOWNTURN IN THE ECONOMY AND EVERY PLEDGE MADE BY DONORS HAS BEEN FULFILLED. 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 AS WELL AS HAVING THE BAND AND CHOIR STUDENTS RAISE MONEY BY RUNNING THE CONCESSIONS AT OUR CONCERTS. THIS WAS THE THIRD YEAR OF THE FESTIVAL'S $10 STUDENT/CHILDREN TICKET PROGRAM. 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 WAS ALSO FEATURED ON WISCONSIN PUBLIC RADIO AND PRESENTED FEBRUARY FEST, WHICH WAS TWO CHAMBER CONCERTS DURING FEBRUARY THAT FEATURED MEMBERS OF THE ORCHESTRA IN CHAMBER ENSEMBLES. 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 PMF OPERATES WITH NO ACCUMULATED DEFICIT. THE CONTINUING CHALLENGES IN THE TOURIST AREA AFFECT THE PMF, HOWEVER, THROUGH A WELL ORGANIZED MARKETING PLAN, THE PMF HAS SEEN A 13% INCREASE IN TICKET SALES OVER THE LAST TWO YEARS. 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. 31 TRAVELERS PARTICIPATED IN THE PROGRAM. THIS PROGRAM HAS BEEN BOOKED FOR 2014, AND THE PMF HOPES THAT THE NUMBER OF PARTICIPANTS CONTINUES TO GROW.THE PMF SUSTAINING COMMITTEE (OUR VOLUNTEER ARM) CONTINUES TO BE THE BACKBONE OF THE ORGANIZATION. OVER 80 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 LEAGUE 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 CONTINUES TO CHALLENGE US, THE PMF HAD AN AMAZING YEAR. THE PMF STILL ACHIEVED 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. THE ENTIRE ORGANIZATION LOOKS FORWARD TO CELEBRATING THE NEXT 60 YEARS AS WE MOVE FORWARD INTO 2014. 623880 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 100 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X X X KERBER ROSE & ASSOCIATES 9208542379 10568 COUNTRY WALK LINE SISTER BAY WI 54234 BRUCE MCKEEFRY 2014 2.80 X X 0 0 0 JACK ZILAVY 2016 2.10 X X 0 0 0 ORREN BRADLEY 2015 0.50 X X 0 0 0 WILLIAM MILLER 2016 1.80 X X 0 0 0 SUE STONE 2014 3.50 X X 0 0 0 JOHN PELLEGRINO 2013 1.00 X 0 0 0 NORMA BRAMSEN 2014 0.90 X 0 0 0 MARILYN PETERSON 2016 1.70 X 0 0 0 CYNTHIA SARGENT 2015 1.60 X 0 0 0 DIANE TRENCHARD 2014 2.50 X 0 0 0 CHALLONER BROWN 2014 1.80 X 0 0 0 JUNE MAEDER 2013 0.30 X 0 0 0 DON FUNDINGSLAND 2016 0.50 X 0 0 0 KAREN SMUDA 2014 1.00 X 0 0 0 SHARON GRUTZMACHER 40.00 X 66346 0 2100 66346 0 2100 0 0 0 0 0 192096 242043 3385 434139 CONCERT REVENUE 711300 208760 208760 208760 347 347 259 259 1321 1287 34 34 MISCELLANEOUS REVENUE 900099 1979 1979 1979 645518 208794 0 2585 X 6350 6350 72369 36185 10855 25329 38145 16302 13442 8401 1467 642 474 351 8263 3920 1828 2515 225 225 27493 27493 155490 155490 44057 44057 37417 30280 4919 2218 44953 36195 6735 2023 334 158 74 102 9012 6333 1786 893 ORCHESTRA/FESTIVAL EXPE 267388 267388 MISCELLANEOUS 19008 18580 428 DUES AND LICENSES 2857 2000 571 286 734828 623880 68402 42546 X 30068 35466 31952 38899 625 2227 2049 8339 12838 139103 36709 110517 102394 26 183129 192271 23899 124551 2310 110 26209 124661 X 156920 67610 156920 67610 183129 192271 -89310 0 X 0 1 X 0 0 X 756440 604919 609546 567991 434139 2973035 756440 604919 609546 567991 434139 2973035 271636 2701399 368 503 800 710 606 2987 27621 19833 21564 20505 21013 110536 137 1441 876 1130 1979 5563 3092121 981903 0.87360 0.88500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4035937 193457 337268 192095 4374567 3648671 59028 505076 176838 4035937 3402948 360306 48175 162758 3648671 3324555 18750 223784 164141 3402948 3363038 220305 82324 341112 3324555 0.01250 0.70210 0.28540 0 1 1 139103 36709 102394 102394 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. 1 SCHOLARSHIPS 4 6350 CASH PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE PENINSULA MUSIC FESTIVAL, INC. AWARDS A THREE YEAR, $1,000 PER YEAR SCHOLARSHIP EACH YEAR TO A GRADUATING SENIOR WHO DESIRES TO FURTHER HIS OR HER EDUCATION IN MUSIC. THE RECIPIENT MUST BE AN OUTSTANDING MUSIC STUDENT, WHO HAS DEMONSTRATED HIS OR HER ABILITY AS A PERFORMER AND HAS SHOWN A SUSTAINED INTEREST IN MUSIC-RELATED ACTIVITIES. ALSO, THE STUDENT MUST MAJOR OR MINOR IN MUSIC WHILE ATTENDING COLLEGE. PENINSULA MUSIC FESTIVAL, INC. UTILIZES A SPREADSHEET TO KEEP TRACK OF SCHOLARSHIPS AWARDED TO INDIVIDUALS. THEY TRACK THE INDIVIDUALS WHO ARE TO RECEIVE THE SCHOLARSHIPS, THE DATE THE SCHOLARSHIPS ARE AWARDED, THE DUE DATES OF THE PAYMENTS AND THE DATES THE PAYMENTS ARE MADE TO THE INDIVIDUALS. CHECKS ARE NOT WRITTEN TO THE SCHOLARSHIP RECIPIENTS THEMSELVES. THE CHECKS ARE WRITTEN TO AND MAILED TO THE COLLEGE THAT THE INDIVIDUAL IS ATTENDING. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 THE PENINSULA MUSIC FESTIVAL BOARD OF DIRECTORS AUTHORIZED A NEW EDUCATION OUTREACH INITIATIVE, THE EMERGING CONDUCTOR PROGRAM. THE PENINSULA MUSIC FESTIVALS EMERGING CONDUCTOR PROGRAM WILL PROVIDE TRAINING AND EXPOSURE FOR ASPIRING CONDUCTORS WITH A PROFESSIONAL ORCHESTRA. THE PROGRAM'S INTENTION IS TO PROVIDE BROAD EXPERIENCE WITH ALL ASPECTS OF ORCHESTRA CONDUCTING AND MANAGEMENT TO ENHANCE THEIR CAREER GOALS. THREE YOUNG CONDUCTORS EACH SPENT ONE WEEK WITH THE FESTIVAL EXPLORING AND LEARNING ABOUT ALL ASPECTS OF A PROFESSIONAL SYMPHONY ORCHESTRA AND THE ROLE OF THE MUSIC DIRECTOR IN AN ORCHESTRA. IN ADDITION TO LEADING PRE CONCERT TALKS, ASSISTING THE MUSIC LIBRARIAN, SHADOWING THE EXECUTIVE DIRECTOR AND MEETING WITH DONORS AND VOLUNTEERS, EACH CANDIDATE IN THE PROGRAM CONDUCTED A PIECE ON A CONCERT INCLUDING LEADING REHEARSAL OF THAT PIECE. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 THE PENINSULA MUSIC FESTIVAL BOARD OF DIRECTORS AUTHORIZED A COMMITTEE COMPRISED OF FIRST VP JOHN ZILAVY AND TREASURER BILL MILLER TO CONDUCT RESEARCH ON THE CURRENT INVESTMENT OF THE FESTIVAL'S ENDOWMENT AND TO SEEK OUT AND MEET WITH POSSIBLE INVESTMENT FIRMS TO MANAGE THE ENDOWMENT. DURING THE SIX MONTH RESEARCH THE COMMITTEE NARROWED THE SEARCH TO THREE INVESTMENT MANAGERS WHO THEN MET WITH THE BOARD OF DIRECTORS IN PERSON. AFTER DISCUSSION AND A VOTE, CONGRESS WEALTH MANAGEMENT OUT OF BOSTON, MASSACHUSETTS WAS CHOSEN. THE RETURN ON THE ENDOWMENT HAS IMPROVED AND THE BOARD'S INVOLVEMENT AND UNDERSTANDING OF THE ENDOWMENT AND ITS INVESTMENTS HAS IMPROVED. THIS SUMMER, THE BOARD LAUNCHED A NEW ENDOWMENT DRIVE TO ADD AN ADDITIONAL ONE MILLION DOLLARS TO THE ENDOWMENT FUND OVER THE NEXT THREE YEARS. AS OF THE WRITING OF THIS SUMMARY ALMOST $300,000 HAS BEEN RAISED. 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. OTHER FEES FORM 990, PART IX, LINE 11G INDEPENDENT CONTRACTORS: PROGRAM SERVICE EXPENSES 155,490. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,490. 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 192096 CASH