2023-11-14T13:59:02-06:00 2022-12-31 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2022-01-01 391049688 MILWAUKEE WORLD FESTIVAL INC MILW 4142732680 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 DON SMILEY CEO 4142732680 2023-11-13 1 DON SMILEY 999009999 0 SOLOMON MARDAKHAEV P01806552 6105653930 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUMMERFEST DON SMILEY 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 60282000 0 X WWW.MILWAUKEEWORLDFESTIVAL.COM X 1965 WI THE MISSION OF MILWAUKEE WORLD FESTIVAL, INC. IS TO PROMOTE AN UNDERSTANDING OF DIFFERENT ETHNIC CULTURES, THE HISTORIES AND TRADITIONS OF VARIOUS NATIONALITIES, HARMONY IN THE COMMUNITY, CIVIC PRIDE AND PROVIDE A SHOWCASE FOR THE PERFORMING ARTS, ACTIVITIES AND RECREATION FOR THE PUBLIC AND EMPLOYMENT OPPORTUNITES FOR THE YOUTH OF THE COMMUNITY. 26 26 1790 30 3064292 1647110 21940953 12724564 40672165 44066945 873846 108905 1956744 1885090 65443708 58785504 0 0 0 0 9253583 10974263 0 0 969035 56302142 57106970 65555725 68081233 -112017 -9295729 106491444 116347276 74335078 89377553 32156366 26969723 X THE CORPORATION SHALL BE A CIVIC ORGANIZATION NOT ORGANIZED FOR PROFIT BUT OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING IN FURTHERANCE THEREOF, THE PRODUCTION OF AN ANNUAL FESTIVAL IN THE MILWAUKEE METROPOLITAN AREA KNOWN AS SUMMERFEST, THE PRODUCTION OF OTHER EVENTS AND ETHNIC FESTIVALS DURING AN ANNUAL FESTIVAL SEASON DURING THE MONTHS OF MAY THROUGH OCTOBER OF EACH YEAR, ALL OF THE AFOREMENTIONED ACTIVITIES BEING DIRECTED TOWARD PROMOTING AN UNDERSTANDING BY MEMBERS OF THE GENERAL PUBLIC OF DIFFERENT ETHNIC CULTURES, EDUCATING THE GENERAL PUBLIC IN THE HISTORIES AND TRADITIONS OF VARIOUS NATIONALITIES, PROVIDING A SUITABLE SHOWCASE FOR THE PERFORMING ARTS, PROVIDING ACTIVITIES AND RECREATION AVAILABLE TO THE GENERAL PUBLIC, PROMOTING RACIAL AND ETHNIC HARMONY IN THE COMMUNITY, PROMOTING CIVIC PRIDE, AND PROVIDING EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY'S YOUTH. 0 0 25774384 0 28162285 SUMMERFEST IS AN ANNUAL FESTIVAL IN THE MILWAUKEE METROPOLITAN AREA. IT IS THE WORLD'S LARGEST MUSIC FESTIVAL. TOTAL ATTENANCE WAS 445,611 IN 2022. 23616482 0 -158239 THIS CATEGORY REPRESENTS SEASONAL OPERATING REVENUES AND EXPENSES THAT ARE NOT DIRECTLY ATTRIBUTED TO A SPECIFIC EVENT. ADDITIONALLY, IT REPRESENTS OTHER INCOME AND EXPENSE. 12835247 0 13224069 THIS CATEGORY REPRESENTS ETHNIC AND CULTURAL EVENTS, MUSIC CONCERTS AND OTHER EVENTS INCLUDING WALKS/RUNS FOR CHARITY. TOTAL ATTENDANCE WAS 552,608 IN 2022. 62226113 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 371 0 1790 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X ZACH HASENSTEIN 4142732680 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 HOWARD SOSOFF CHAIRMAN OF THE BOARD 0.40 X X 0 0 0 TED KELLNER FIRST VICE PRESIDENT 0.40 X X 0 0 0 MARY ELLEN STANEK SECOND VICE PRESIDENT 0.40 X X 0 0 0 JOANNE BISCHMANN AT-LARGE BOARD MEMBER 0.40 X 0 0 0 DAVID CASPER DESIGNATED BY BMO HARRIS BANK, NA 0.40 X 0 0 0 MICHAEL D'AMATO CITIZEN DESIGNEE BY MAYOR 0.40 X 0 0 0 ALEC FRASER CITIZEN DESIGNEE BY MILWAUKEE COMMON COUNCIL 0.40 X 0 0 0 DANA GUTHRIE AT-LARGE BOARD MEMBER 0.40 X 0 0 0 JON HAMMES AT-LARGE BOARD MEMBER (THRU FEB 2022) 0.40 X 0 0 0 AARON JAGDFELD DESIGNATED BY GENERAC POWER SYSTEMS, INC. 0.40 X 0 0 0 CRAIG KARMAZIN AT-LARGE BOARD MEMBER (THRU FEB 2022) 0.40 X 0 0 0 MIKE LAUER AT-LARGE BOARD MEMBER 0.40 X 0 0 0 DON LAYDEN CITIZEN DESIGNEE BY MAYOR (THRU JUNE 2022) 0.40 X 0 0 0 MICHAEL MAISTELMAN CITIZEN DESIGNEE BY MILWAUKEE COMMON COUNCIL 0.40 X 0 0 0 DAN MINAHAN AT-LARGE BOARD MEMBER 0.40 X 0 0 0 MIKE MITCHELL UNITED ETHNIC FESTIVALS REP. 0.40 X 0 0 0 CORY NETTLES AT-LARGE BOARD MEMBER 0.40 X 0 0 0 LUKE OLSON UNITED ETHNIC FESTIVALS REP. 0.40 X 0 0 0 ERIC RADUE UNITED ETHNIC FESTIVALS REP. 0.40 X 0 0 0 JACK SALZWEDEL AT-LARGE BOARD MEMBER 0.40 X 0 0 0 TIM SHEEHY AT-LARGE BOARD MEMBER 0.40 X 0 0 0 PAUL SWEENEY AT-LARGE BOARD MEMBER 0.40 X 0 0 0 HARRIS TURER AT-LARGE BOARD MEMBER (THRU FEB 2022) 0.40 X 0 0 0 GREG WESLEY AT-LARGE BOARD MEMBER 0.40 X 0 0 0 MIKE WHITE AT-LARGE BOARD MEMBER 0.40 X 0 0 0 PEGGY WILLIAMS-SMITH AT-LARGE BOARD MEMBER 0.40 X 0 0 0 JIM WRIGHT DESIGNATED BY MILLER BREWING COMPANY 0.40 X 0 0 0 ANNE ZIZZO AT-LARGE BOARD MEMBER 0.40 X 0 0 0 DON SMILEY PRESIDENT - NON VOTING 45.00 X 3283887 0 25552 HOWARD SCHNOLL SECRETARY - NON VOTING 0.40 X 0 0 0 CHUCK HARVEY TREASURER - NON VOTING 0.40 X 0 0 0 SARAH PANCHERI VP SALES/MARKETING 45.00 X 297796 0 9202 ROBERT BABISCH VP OF ENTERTAITAINMENT 45.00 X 212545 0 22956 SUSAN LANDRY VICE PRESIDENT/CFO 45.00 X 211244 0 11925 JASON STUEWE VP PLANNING/DEVELOPMENT 45.00 X 184653 0 8339 MARY SCHANNING CAO AND GENERAL COUNSEL 45.00 X 188855 0 2694 GAYE LITTELL DIR- NEW BUSINESS DEVELOPMENT 45.00 X 178323 0 11637 KEVIN CANADY SENIOR DIR- CORPORATE/EVENT SALES 45.00 X 178293 0 1258 SCOTT ZIEL ASSOC. ENTERTAINMENT DIRECTOR 45.00 X 143600 0 24199 ZACH HASENSTEIN CONTROLLER 45.00 X 129452 0 21011 DERRICK HARRIS DIRECTOR OF SECURITY 45.00 X 126895 0 2259 LENA DELEAT SPONSORSHIP SALES MANAGER 45.00 X 117269 0 9735 5252812 0 150767 12 0 1 0 STAGEHANDS INC 1110 OLD WORLD THIRD STREET MILWAUKEE WI 53203 UNION LABOR 1518677 ZIZZO GROUP INC 207 NORTH MILWAUKEE STREET MILWAUKEE WI 53202 MARKETING SERVICES 1076994 OTRA PRODUCTIONS LLC 15260 VENTURA BLVD STE 2100 SHERMAN OAKS CA 91403 ARTIST PERFORMANCES 1000000 DIXIE CUP PRODUCTIONS INC PO BOX 340020 NASHVILLE TN 37203 ARTIST PERFORMANCES 963100 GHOST TOWN ENTERTAINMENT INC PO BOX 121228 NASHVILLE TN 37212 ARTIST PERFORMANCES 942500 48 100000 134400 12490164 50077 12724564 FESTIVALS & OTHER EVENTS 711300 42132600 40494231 1638369 PARKING REVENUE 900099 1243927 26360 1217567 GIFT AND SOUVENIOR SALES 711300 401919 401919 CONSULTING & SIGNS SERVICES 541610 204875 204875 83624 83624 44066945 108605 108605 251325 251325 2285062 594163 1173508 0 1111554 594163 1705717 650260 792769 262688 300 0 300 300 300 251036 100000 322988 -71952 -71952 58785504 41228115 3064292 1768533 5059869 2330955 2242252 486662 4495154 5639593 -1488238 343799 489482 388137 71678 29667 929758 459795 438191 31772 25607 25607 33520 33520 3989806 3728539 261267 2739021 2689107 13512 36402 1773942 935115 838827 138020 138020 2668418 1778596 889822 10542 10542 21090 1245 19845 1374481 1374481 12156226 11517036 639190 632199 34322 597877 ENTERTAINER AND PRODUCT 23572532 23572532 FESTIVAL EXPENSES 4257856 4217064 59 40733 EQUIPMENT AND SUPPLIES 2817235 2728873 88362 SITE STAGING AND SUPPLI 219451 219451 677024 611272 65752 68081233 62226113 4886085 969035 418606 446757 3420418 5552007 2010414 1320243 2364623 1343573 171331 255924 58399 316505 189802689 105319421 95599688 84483268 7500000 2447965 15128999 106491444 116347276 2265120 1797644 31253194 34192996 15662852 15668788 17011665 20772053 8142247 16946072 74335078 89377553 X 32156366 26969723 32156366 26969723 106491444 116347276 X -9295729 4109083 3 X 0 1 X 1 1 1 X 15161260 11557485 5197332 21940953 12724564 66581594 15161260 11557485 5197332 21940953 12724564 66581594 23199535 43382059 2252911 2139764 34353 1307297 1796126 7530451 558190 539586 224546 481621 1648108 3452051 77564096 169593564 0.55930 0.58410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3913843 3913843 9513664 4451870 5061794 164811467 92118779 72692688 11563715 8748772 2814943 84483268 INTEREST RATE SWAP 1905301 ACCRUED INTEREST RECEIVABLE 63117 OPERATING LEASE RIGHT-OF-USE ASSET (NET) 13160581 15128999 OPERATING LEASE LIABILITY 16946072 16946072 X 64666389 4109083 275325 1496477 5880885 58785504 0 58785504 69853032 275325 1496474 1771799 68081233 0 68081233 PART X, LINE 2: IN ORDER TO ACCOUNT FOR ANY UNCERTAIN TAX POSITIONS, THE ORGANIZATION DETERMINES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAS RECORDED NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 322,988. EXPENSES INCLUDED IN OTHER REVENUE ON FINANCIALS -22. RENTAL EXPENSES 1,173,508. ROUNDING 3. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 322,988. EXPENSES INCLUDED IN OTHER REVENUE ON FINANCIALS -22. RENTAL EXPENSES 1,173,508. FUNDRAISING DINNER 351036 100000 251036 115825 55302 36861 115000 351036 100000 251036 115825 55302 36861 115000 322988 -71952 X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DON SMILEY PRESIDENT - NON VOTING 3258049 0 0 0 25838 0 0 0 25552 0 3309439 0 0 0 SARAH PANCHERI VP SALES/MARKETING 279796 0 18000 0 0 0 0 0 9202 0 306998 0 0 0 ROBERT BABISCH VP OF ENTERTAITAINMENT 197845 0 14700 0 0 0 0 0 22956 0 235501 0 0 0 SUSAN LANDRY VICE PRESIDENT/CFO 197044 0 14200 0 0 0 0 0 11925 0 223169 0 0 0 JASON STUEWE VP PLANNING/DEVELOPMENT 172453 0 12200 0 0 0 0 0 8339 0 192992 0 0 0 MARY SCHANNING CAO AND GENERAL COUNSEL 179855 0 9000 0 0 0 0 0 2694 0 191549 0 0 0 GAYE LITTELL DIR- NEW BUSINESS DEVELOPMENT 169623 0 8700 0 0 0 0 0 11637 0 189960 0 0 0 KEVIN CANADY SENIOR DIR- CORPORATE/EVENT SALES 167993 0 10300 0 0 0 0 0 1258 0 179551 0 0 0 SCOTT ZIEL ASSOC. ENTERTAINMENT DIRECTOR 135000 0 8600 0 0 0 0 0 24199 0 167799 0 0 0 ZACH HASENSTEIN CONTROLLER 120552 0 8900 0 0 0 0 0 21011 0 150463 0 0 0 PART I, LINE 1A THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION RECEIVES TWO MEMBERSHIPS TO CLUBS. THE PERSONAL USE OF THE CLUBS IS REPORTED AS TAXABLE COMPENSATION. THE COST OF THE BENEFIT TO THE ORGANIZATION IS $10,505. PART I, LINE 7 ALL BONUS PAYMENTS AND COMMISSIONS ARE CONSIDERED FIXED. BONUSES ARE SET AS A PERCENTAGE OF COMPENSATION BASED ON AN INDIVIDUAL'S PERFORMANCE RATINGS AND COMPANY MEETING BUDGET. COMMISSIONS ARE A FIXED AMOUNT PAID BASED ON INCREMENTAL REVENUE. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 2019-08-01 15713816 REFINANCE RACM BONDS 0 0 0 A 15713816 15713816 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 1 BMO HARRIS BANK 10.600000000000 0 0 0 0 0 A 0 X EQUIPMENT 9 50077 COST 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION TRACKS AND REPORTS THE ACTUAL NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING BOARD OF DIRECTORS SHALL BE COMPOSED OF: ONE (1) CITIZEN APPOINTED BY THE MAYOR OF THE CITY OF MILWAUKEE; ONE (1) CITIZEN APPOINTED BY THE PRESIDENT OF THE MILWAUKEE COMMON COUNCIL; ONE (1) CITIZEN APPOINTED BY THE COUNTY EXECUTIVE OF MILWAUKEE COUNTY; THREE (3) BOARD ELECTED REPRESENTATIVES OF UNITED FESTIVALS, INC. OR ITS SUCCESSOR; THREE (3) BOARD ELECTED REPRESENTATIVES FROM THE SPONSOR OF EACH OF THE THREE (3) LARGE STAGE AREAS, WHICH ON THE EFFECTIVE DATE OF THESE BYLAWS ARE GENERAC POWER SYSTEMS, INC., BMO HARRIS BANK, NA, AND MOLSON COORS BEVERAGE COMPANY) OR THEIR SUCCESSORS ALL OF WHOM SHALL BE APPOINTED ANNUALLY AND NOT MORE THAN FIFTEEN (15) ADDITIONAL CITIZENS ELECTED AT-LARGE BY THE BOARD MEMBERS THEN IN OFFICE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF ITS GOVERNING BODY FOR REVIEW BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. IT IS ALSO REVIEWED BY THE INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C NO CONTRACT, TRANSACTION OR OTHER MATTER BETWEEN THE CORPORATION AND ANY CORPORATION, FIRM, ASSOCIATION, OR ENTITY IN WHICH A DIRECTOR OF THE CORPORATION IS A DIRECTOR, OFFICER, EMPLOYEE, OR HAS A MATERIAL FINANCIAL INTEREST, SHALL BE EITHER VOID OR VOIDABLE BECAUSE OF SUCH RELATIONSHIP OR INTEREST OR BECAUSE SUCH COMMON OR INTERESTED DIRECTOR IS PRESENT AT THE MEETING OF THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF WHICH AUTHORIZES, APPROVES OR RATIFIES SUCH CONTRACT, TRANSACTION, OR OTHER MATTER, IF (I) THE FACT OF SUCH RELATIONSHIP OR INTEREST IS DISCLOSED OR KNOWN TO THE BOARD OF DIRECTORS OR COMMITTEE WHICH AUTHORIZES, APPROVES OR RATIFIES THE CONTRACT, TRANSACTION, OR OTHER MATTER; (II) THE COMMON OR INTERESTED DIRECTOR SHALL NOT VOTE WHEN THE BOARD OF DIRECTORS OR COMMITTEE AUTHORIZES, APPROVES OR RATIFIES SUCH CONTRACT, TRANSACTION, OR OTHER MATTER BY VOTE OR WRITTEN CONSENT; AND (III) THE CONTRACT, TRANSACTION, OR OTHER MATTER IS FAIR AND REASONABLE TO THE CORPORATION. THE ORGANIZATION ISSUES A COPY OF THE POLICY AND A QUESTIONNAIRE TO EACH OFFICER, DIRECTOR, TRUSTEE OR KEY EMPLOYEE ONCE PER YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ENGAGED AN INDEPENDENT CONTRACTOR TO ESTABLISH COMPARABILITY DATA FOR 2022. EACH YEAR THAT DATA IS UPDATED USING THE AVERAGE MERIT INCREASE FOR WISCONSIN. EACH EMPLOYEE RECEIVES A PERFORMANCE RATING. AN INCREASE IS ASSIGNED TO EACH EMPLOYEE BASED HOW CLOSE THEIR CURRENT SALARY IS TO THE COMPARABILITY DATA AND THEIR PERFORMANCE RATING. THE PERSONNEL COMMITTEE OF THE BOARD REVIEWS THE RESULTING SALARY AND RECOMMENDS APPROVAL TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 3. MWF LLC 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 800547125 SEE PART VII WI 10072807 249682 MILWAUKEE WORLD FESTIVAL INC PART I, SECTION (B) TO MANAGE AND OPERATE THE BEVERAGE OPERATIONS ON THE PROPERTIES OWNED BY THE MEMBER, EMPLOY SEASONAL CREWS, AND OTHER ACTIVITIES RELATED OR INCIDENTAL THERETO.