2026-04-13T13:40:09-05:00 2025-05-31 382029668 GJC CPA'S & ADVISORS 1001 WOODWARD AVENUE SUITE 850 DETROIT MI 482261904 990 2024-06-01 381689022 INTERLOCHEN CENTER FOR THE ARTS INTE 2312767200 PO BOX 199 INTERLOCHEN MI 496430199 PATRICK M KESSEL VICE-PRES., FINANCE AND OPERATIONS 2312767200 2026-04-13 1 1 MICHAEL R NICHOLAS P00966144 3139652655 2024 2025-03-06 01:10:19Z PATRICK M KESSEL PO BOX 199 INTERLOCHEN MI 496430199 217615334 0 X WWW.INTERLOCHEN.ORG X 1927 MI TO SUPPORT THE INTERLOCHEN ARTS GROUP AND THE INTERLOCHEN ARTS CAMP IN THE FULFILLMENT OF THEIR EDUCATIONAL AND OTHER PURPOSES 32 32 45 0 0 0 23448760 24099852 328347 301498 42080146 9847355 118167 0 65975420 34248705 10443999 12197121 0 0 6678671 6013672 0 0 3255471 9769392 9950447 26892062 28161240 39083358 6087465 322782174 348114218 29414828 29861735 293367346 318252483 X INTERLOCHEN CENTER FOR THE ARTS ("ICA"), THROUGH ITS SUPPORT OF THE INTERLOCHEN ARTS GROUP AND THE INTERLOCHEN ARTS CAMP, 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. 0 0 15132358 12197121 301498 ICA PROVIDES ESSENTIAL SUPPORT OF THE INTERLOCHEN ARTS GROUP AND THE INTERLOCHEN ARTS CAMP THROUGH FUNDRAISING, STRATEGY, AND VISION. 15132358 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 171 0 1 45 1 0 1 CA CJ LU 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MI X X PATRICK M KESSEL 2312767200 PO BOX 199 INTERLOCHEN MI 496430199 SARAH HARDING CHAIR 1.50 X X 0 0 0 SAUL GOLDSTEIN VICE-CHAIR 1.50 X X 0 0 0 BARRETT ROLLINS VICE-CHAIR 1.50 X X 0 0 0 AMY ALSTON TRUSTEE 1.50 X 0 0 0 BERNETTA AVERY TRUSTEE 1.50 X 0 0 0 KEITH W BAUM TRUSTEE 1.50 X 0 0 0 EVAN BREIBART TRUSTEE 1.50 X 0 0 0 VALERIE DILLON TRUSTEE 1.50 X 0 0 0 MOLLY FERRANTE TRUSTEE 1.50 X 0 0 0 DANIEL HAMANN TRUSTEE 1.50 X 0 0 0 CYNTHIA L HANN TRUSTEE 1.50 X 0 0 0 SYNDEY JAMES HARCOURT TRUSTEE 1.50 X 0 0 0 MARIA HERRERA TRUSTEE 1.50 X 0 0 0 LISA HERRICK TRUSTEE 1.50 X 0 0 0 NANCY HOAGLAND TRUSTEE 1.50 X 0 0 0 DOUG HSIEH TRUSTEE 1.50 X 0 0 0 JEFF JACOBS TRUSTEE 1.50 X 0 0 0 LISA KEARNS TRUSTEE 1.50 X 0 0 0 DANIELLE LAMBERT TRUSTEE 1.50 X 0 0 0 GREGG LATTERMAN TRUSTEE 1.50 X 0 0 0 DARA LEVAN TRUSTEE 1.50 X 0 0 0 DAVID P MIN TRUSTEE 1.50 X 0 0 0 ELAINE MISCHLER TRUSTEE 1.50 X 0 0 0 THOMAS W MORRIS TRUSTEE 1.50 X 0 0 0 WILLIAM C NELSON TRUSTEE 1.50 X 0 0 0 SOJA PERKINS TRUSTEE 1.50 X 0 0 0 MARILYN PERLMAN TRUSTEE 1.50 X 0 0 0 KIMIKO PETERS TRUSTEE 1.50 X 0 0 0 BECKY VITAS SCHAMIS TRUSTEE 1.50 X 0 0 0 SUMIT SENGUPTA TRUSTEE 1.50 X 0 0 0 JONATHAN SLAWSON TRUSTEE 1.50 X 0 0 0 EDGAR L SMITH JR TRUSTEE 1.50 X 0 0 0 SCOTT STEVENS TRUSTEE 1.50 X 0 0 0 JEFF TRIBBLE JR TRUSTEE 1.50 X 0 0 0 SARA WHITING TRUSTEE 1.50 X 0 0 0 KURTIS WILDER TRUSTEE 1.50 X 0 0 0 DAVID WU TRUSTEE 1.50 X 0 0 0 ANA PAPAKHIAN EX-OFFICIO TRUSTEE 1.50 X 0 0 0 GLYNN WILLIAMS EX-OFFICIO TRUSTEE 1.50 X 0 0 0 ARTHUR DEVEY PRESIDENT 50.00 3.00 X 620512 0 135147 PATRICK KESSEL VICE-PRES., FINANCE AND OPERATIONS 50.00 1.50 X 397727 0 60958 BRITTANY VERNER CORPORATE SECRETARY 50.00 X 114612 0 25245 JOHN BOGLEY V-P, PHILANTHROPY AND DEVELOPMENT 50.00 1.50 X 441692 0 52000 CATHLEEN DODGE MILLER ASSISTANT VICE-PRES., PHILANTHROPY 50.00 X 223157 0 30717 ANDREW BUCHHOLZ ASSISTANT VICE-PRES., PHILANTHROPY 50.00 X 164713 0 51701 LAUREN ZACHRY-REYNOLDS MAJOR GIFT OFFICER 50.00 X 102383 0 11825 2064796 0 367593 7 0 1 0 SHEREN PLUMBING AND HEATING 3801 RENNIE SCHOOL ROAD TRAVERSE CITY MI 49685 PLUMBING AND HEATING 335033 GOLDMAN SACHS AND CO 71 SOUTH WACKER DRIVE SUITE 500 CHICAGO IL 60614 INVESTMENT MANAGER 204593 TOP LINE ELECTRIC LLC 5057 SAWYER WOODS DRIVE TRAVERSE CITY MI 49685 ELECTRIC 155319 MITCHELL GRAPHICS 2363 MITCHELL PARK DRIVE PETOSKEY MI 49770 GRAPHIC DESIGN 146671 FOX ROTHSCHILD LLP 2000 MARKET STREET 12TH FLOOR PHILADELPHIA PA 19103 LEGAL SERVICES 119640 6 248840 390285 23460727 4112376 24099852 OTHER DEPARTMENT INCOME 900099 301498 301498 301498 6241848 6241848 186417808 554328 182801629 565000 3616179 -10672 3605507 3605507 34248705 301498 0 9847355 12197121 12197121 1876105 1373981 502124 3298815 604105 919291 1775419 199461 22076 177385 391056 253489 7365 130202 248235 41393 61592 145250 92981 92655 326 51450 51450 1789228 570146 1178230 40852 74771 4330 23983 46458 2047552 620070 1216012 211470 1285382 85522 1195405 4455 719942 532643 48212 139087 745374 745374 2527527 2527527 16402 15924 478 REPAIRS AND MAINTENANCE 155219 43398 96343 15478 FOOD COST 65325 13869 35734 15722 ARTIST FEES 38048 38048 341246 106148 184333 50765 28161240 15132358 9773411 3255471 4044 40540 25928742 21573608 10672064 10649894 310657 676510 122966011 42921630 80603901 80044381 158589597 139759982 46613781 95297807 59388 71496 322782174 348114218 3373889 3771223 25292859 25303574 748080 786938 29414828 29861735 X 184602322 190476770 108765024 127775713 293367346 318252483 322782174 348114218 X 6087465 9845511 8952161 X 0 1 X 1 0 X 13018353 51628028 19460522 23448760 24099852 131655515 13018353 51628028 19460522 23448760 24099852 131655515 2298226 129357289 3245113 6119889 8482606 5729945 6241848 29819401 115440 106280 116714 118167 456601 709699 709699 162641216 155662017 0.79540 0.77090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 709,699. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 184406547 12602878 15320232 2370392 3221941 206737324 154425976 15070042 19242185 1759628 2572028 184406547 143738110 12732857 1865724 1771718 2138997 154425976 111646285 35920658 22282 1575481 2275634 143738110 92526665 1787004 21656722 1479834 2844272 111646285 0.40460 0.42400 0.17140 0 0 510981 510981 116979191 41002297 75976894 5475839 1919333 3556506 80044381 TREASURY INFLATION PROTECTED SECURITIES 9183014 F GLOBAL EQUITY FUNDS 41272317 F PRIVATE EQUITY FUNDS 17277961 F HEDGED EQUITY FUNDS 3100336 F CREDIT FUNDS 4863865 F PRIVATE DEBT FUNDS 1931469 F ABSOLUTE RETURN FUNDS 17668845 F 95297807 ANNUITIES PAYABLE 786938 786938 PART III, LINE 1A: IN 1969, LELAND B. GREENLEAF, PRESIDENT OF THE CONN CORPORATION, DONATED A LARGE COLLECTION OF MUSICAL INSTRUMENTS TO ICA. 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 WITH A VALUE OF APPROXIMATELY $275,000. PART III, LINE 4: AS A SUPPORTING ORGANIZATION TO AN EDUCATIONAL INSTITUTION FOCUSED ON THE ARTS, THE LELAND B. GREENLEAF COLLECTION FURTHERS ICA'S EXEMPT PURPOSE BY EXPOSING ITS STUDENTS TO THE EARLY HISTORY OF MUSIC AND MUSICAL INSTRUMENTS. PART V, LINE 4: ICA'S ENDOWMENT FUNDS ARE USED TO SUPPORT ANNUAL SCHOLARSHIPS, OPERATIONS, AND CAPITAL NEEDS. ICA'S BOARD OF TRUSTEES HAS ADOPTED A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4.3 PERCENT OF ITS ENDOWMENT FUNDS' AVERAGE FAIR MARKET VALUE OVER THE PRIOR FIVE YEARS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 64639647 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 21475146 0 0 0 0 0 0 86114793 0 86114793 1 0 1 1 0 0 1 INTERLOCHEN ARTS GROUP 4000 M-137 INTERLOCHEN MI 496438427 932002543 501(C)(3) 9153588 0 N/A N/A SUPPORT FOR THE OPERATION OF THE INTERLOCHEN ARTS GROUP INTERLOCHEN ARTS CAMP 4000 M-137 INTERLOCHEN MI 496438427 932006917 501(C)(3) 3043533 0 N/A N/A SUPPORT FOR THE OPERATION OF THE INTERLOCHEN ARTS CAMP 2 0 PART I, LINE 2: ICA'S STAFF REVIEWS, APPROVES, AND DOCUMENTS ALL GRANTS GIVEN BY ICA TO ENSURE THEY ARE USED FOR THEIR INTENDED PURPOSES. THESE RECORDS ARE MAINTAINED AT ICA. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ARTHUR DEVEY PRESIDENT 526419 0 90651 0 3442 0 94000 0 41147 0 755659 0 0 0 JOHN BOGLEY V-P, PHILANTHROPY AND DEVELOPMENT 287632 0 154060 0 0 0 35378 0 16622 0 493692 0 75000 0 PATRICK KESSEL VICE-PRES., FINANCE AND OPERATIONS 360984 0 36743 0 0 0 44638 0 16320 0 458685 0 0 0 CATHLEEN DODGE MILLER ASSISTANT VICE-PRES., PHILANTHROPY 206551 0 16606 0 0 0 24658 0 6059 0 253874 0 0 0 ANDREW BUCHHOLZ ASSISTANT VICE-PRES., PHILANTHROPY 151398 0 13315 0 0 0 34487 0 17214 0 216414 0 0 0 PART I, LINE 1A ICA PROVIDES A RESIDENCE FOR PERSONAL USE TO THE PRESIDENT. THE RESIDENCE FOR THE PRESIDENT IS LOCATED ON ICA'S CAMPUS AND IS PROVIDED FOR THE CONVENIENCE OF ICA, AND THE PRESIDENT IS REQUIRED TO ACCEPT THE LODGING AS A CONDITION OF HIS EMPLOYMENT. THE PRESIDENT'S RESIDENCE IS USED REGULARLY FOR BUSINESS-RELATED FUNCTIONS. AS SUCH, THE BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION FOR HIM. ICA APPROVED AND PAID AN 11 PERCENT PROFIT SHARING CONTRIBUTION TO ALL ELIGIBLE EMPLOYEES' IRC SECTION 401(A) BENEFIT PLAN ACCOUNTS. DUE TO IRS LIMITS FOR CONTRIBUTIONS TO SECTION 401(A) PLANS, ICA PAID A GROSSED-UP BONUS TO THE PRESIDENT, AS 11 PERCENT OF HIS BASE COMPENSATION WAS GREATER THAN THE IRS LIMITATIONS. A ECON DEV CORP OF THE TOWNSHIP OF GREEN LAKE 522043802 393096AB8 2004-08-11 26300000 SEE PART VI 0 0 0 A 26494241 319656 7175169 18999416 2006 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 A 0 0 1 0 1 0 1 PALLAS CAPITAL CORP 2.000000000000 0 1 A 0 SCHEDULE K, PART I, COLUMN (F): THE PURPOSE OF THE BOND WAS TO REFUND THE $16,100,000 BOND ISSUE THAT WAS ISSUED IN JUNE 1997, REFUND A $2,850,000 BANK TERM NOTE, CONSTRUCT THE NEW CREATIVE WRITING BUILDING, CONSTRUCT AN ADDITION TO THE HARVEY THEATER BUILDING, AND CONSTRUCT MISCELLANEOUS CAPITAL ITEMS. SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS OF THE BOND ISSUE ARE $194,241 GREATER THAN THE BOND ISSUE PRICE OF $26,300,000 DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART IV, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED ON JULY 31, 2009. X 57 3522502 SEE PART II X 1 565000 QUALIFIED APPRASAL 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. SCHEDULE M, PART I, LINE 9, 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 11B FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM. BY BOARD OF TRUSTEES POLICY, A DRAFT COPY OF FORM 990 IS REVIEWED BY THE VICE-PRESIDENT OF FINANCE AND OPERATIONS, THE PRESIDENT, AND THE CHAIR OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ICA'S 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 THE CHAIR OF THE BOARD OF TRUSTEES. IF A BOARD OF TRUSTEE MEMBER HAD A CONFLICT INVOLVING A MATTER BEFORE THE BOARD, THEN THAT TRUSTEE WOULD BE REMOVED FROM THE DELIBERATION AND DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES PRESIDENTIAL REVIEW COMMITTEE ANNUALLY REVIEWS THE COMPENSATION OF ICA'S PRESIDENT. THERE ARE A VARIETY OF INPUTS FOR THE COMMITTEE, INCLUDING A SELF-EVALUATION, ORGANIZATIONAL HEALTH, GOALS COMPLETION, AND TRUSTEE FEEDBACK AND EVALUATION. IN ADDITION, THE COMMITTEE REVIEWS NATIONAL COMPENSATION COMPARISONS WITH NON-PROFITS OF SIMILAR SIZE AND STATURE TO ICA. 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 CULMINATED IN THE JULY 2024 ANNUAL MEETING. FORM 990, PART VI, SECTION C, LINE 19 ICA'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. THE ANNUAL AUDITED CONSOLIDATED FINANCIAL STATEMENTS ARE POSTED ON ICA'S WEBSITE. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS FROM INTERLOCHEN ARTS GROUP 7,669,575. TRANSFER OF NET ASSETS FROM INTERLOCHEN ARTS CAMP 1,282,586. CANADIAN FRIENDS OF INTERLOCHEN PO BOX 9401 STATION A TORONTO ONTARIO CA M5W 4E1 PROVIDES SCHOLARSHIPS CA 501(C)(3) LINE 7 INTERLOCHEN CENTER FOR THE ARTS 1 INTERLOCHEN ARTS GROUP 4000 M-137 INTERLOCHEN MI 496438427 932002543 EDUCATION MI 501(C)(3) LINE 2 INTERLOCHEN CENTER FOR THE ARTS 1 INTERLOCHEN ARTS CAMP 4000 M-137 INTERLOCHEN MI 496438427 932006917 EDUCATION MI 501(C)(3) LINE 10 INTERLOCHEN CENTER FOR THE ARTS 1 0 1 1 0 0 0 0 0 0 1 0 1 1 0 1 1 1 0 0 CANADIAN FRIENDS OF INTERLOCHEN C 248840 FAIR MARKET VALUE INTERLOCHEN ARTS GROUP B 9153588 FAIR MARKET VALUE INTERLOCHEN ARTS CAMP B 3043533 FAIR MARKET VALUE INTERLOCHEN ARTS GROUP J 7089621 FAIR MARKET VALUE INTERLOCHEN ARTS GROUP Q 2479386 FAIR MARKET VALUE INTERLOCHEN ARTS CAMP Q 1382586 FAIR MARKET VALUE INTERLOCHEN ARTS GROUP P 1745241 FAIR MARKET VALUE