2022-11-15T13:28:59-06:00 2021-12-31 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2021-01-01 391049688 MILWAUKEE WORLD FESTIVAL INC MILW 4142732680 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 DON SMILEY CEO 4142732680 2022-11-15 1 DON SMILEY 999009999 SOLOMON MARDAKHAEV P01806552 6105653930 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SUMMERFEST DON SMILEY 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 66948065 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. 24 24 1431 30 598551 480621 5197332 21940953 305338 40672165 69885 873846 201393 1956744 5773948 65443708 0 0 0 0 6167928 9253583 0 0 660889 14947238 56302142 21115166 65555725 -15341218 -112017 107459917 106491444 76546001 74335078 30913916 32156366 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 28381461 0 27554867 SUMMERFEST IS AN ANNUAL FESTIVAL IN THE MILWAUKEE METROPOLITAN AREA. IT IS THE WORLD'S LARGEST MUSIC FESTIVAL. TOTAL ATTENDANCE WAS 409,386 IN 2021. 11647341 0 12133881 THIS CATEGORY REPRESENTS ETHNIC AND CULTURAL EVENTS, MUSIC CONCERTS AND OTHER EVENTS INCLUDING WALKS/RUNS FOR CHARITY. TOTAL ATTENDANCE WAS 295,292 IN 2021. 0 0 0 THIS CATEGORY REPRESENTS CONSULTING, PRODUCTION, STAFFING AND MANAGEMENT SERVICES PROVIDED TO OTHER ENTITIES PRODUCING EVENTS. 19887021 0 89837 THIS CATEGORY REPRESENTS SEASONAL OPERATING REVENUES AND EXPENSES THAT ARE NOT DIRECTLY ATTRIBUTED TO A SPECIFIC EVENT. ADDITIONALLY, IT REPRESENTS OTHER INCOME AND EXPENSE. 19887021 0 89837 59915823 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 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 1 401 0 1431 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X SUSAN LANDRY 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 ALEC FRASER CITIZEN DESIGNEE BY MILWAUKEE COMMON COUNCIL 0.40 X 0 0 0 AMY GIUFFRE DESIGNATED BY HARLEY-DAVID (THRU MARCH) 0.40 X 0 0 0 JON HAMMES AT-LARGE BOARD MEMBER 0.40 X 0 0 0 CHARLES HARVEY AT-LARGE BOARD MEMBER 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 0.40 X 0 0 0 MIKE LAUER AT-LARGE BOARD MEMBER 0.40 X 0 0 0 DON LAYDEN CITIZEN DESIGNEE BY MAYOR 0.40 X 0 0 0 MICHAEL MAISTELMAN CITIZEN DESIGNEE BY MILWAUKEE COMMON COUNCIL 0.40 X 0 0 0 TERESA MERCADO UNITED ETHNIC FESTIVALS REP (THRU MARCH) 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 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 PAUL SWEENEY AT-LARGE BOARD MEMBER 0.40 X 0 0 0 TODD TESKE DESIGNATED BY BRIGGS & STRATTON (THRU MARCH) 0.40 X 0 0 0 HARRIS TURER AT-LARGE BOARD MEMBER 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 TIM WITKOWIAK DESIGNATED BY UEF COMMITTEE (THRU MARCH) 0.40 X 0 0 0 JIM WRIGHT DESIGNATED BY MILLER BREWING COMPANY 0.40 X 0 0 0 DON SMILEY PRESIDENT - NON VOTING 45.00 X 499940 0 491214 HOWARD SCHNOLL SECRETARY - NON VOTING 0.40 X 0 0 0 CORY NETTLES TREASURER- NON VOTING 0.40 X 0 0 0 GAYE LITTELL DIR- NEW BUSINESS DEVELOPMENT 45.00 X 150614 0 23454 KEVIN CANADY SENIOR DIR- CORPORATE EVENT SALES 45.00 X 163326 0 16333 ROBERT BABISCH VP OF ENTERTAITAINMENT 45.00 X 188880 0 43579 FRANK NICOTERA CAO AND GENERAL COUNSEL 45.00 X 180399 0 32809 SUSAN LANDRY VICE PRESIDENT/CFO 45.00 X 185224 0 27876 SARAH PANCHERI VP SALES/MARKETING 45.00 X 216101 0 27971 SCOTT ZIEL ASSOC. ENTERTAINMENT DIRECTOR 45.00 X 108193 0 34658 JASON STUEWE VP PLANNING/DEVELOPMENT 45.00 X 123671 0 18772 ADAM HEFFRON DIR FACILITY OPER/MAINT 45.00 X 118108 0 29081 ZACH HASDENSTEIN CONTROLLER 45.00 X 109704 0 31765 LENA DELEAT SPONSORSHIP SALES MANAGER 45.00 X 110405 0 19274 2154565 0 796786 16 0 1 0 GUNDAM TOURING SERVICES US LLC 5950 CANOGA AVE SUITE 510 WOODLAND HILLS CA 91367 ARTIST PERFORMANCES 2305000 STAGEHANDS INC 1110 OLD WORLD THIRD STREET MILWAUKEE WI 53203 UNION LABOR 1503719 PILOT BOY PRODUCTIONS INC PO BOX 739 YELLOW SPRINGS OH 45387 ARTIST PERFORMANCES 1420946 TWENTY ONE PILOTS LLC 833 HORNER AVENUE NASHVILLE TN 37204 ARTIST PERFORMANCES 1245000 GREEN DAY TOURING INC 3130 WILSHIRE BLVD STE 600 SANTA MONICA CA 90403 ARTIST PERFORMANCES 1123671 57 10000000 11940953 42621 21940953 FESTIVALS & OTHER EVENTS 711300 39183731 39141962 41769 PARKING REVENUE 900099 976086 976086 GIFT AND SOUVENIOR SALES 711300 291309 291309 CONSULTING & SIGNS SERVICES 541610 148150 148150 72889 72148 741 40672165 31610 31610 160636 160636 1679526 162970 0 46388 1679526 116582 1796108 564475 116582 1115051 2299705 500 1457969 0 841736 500 842236 842236 65443708 39778585 598551 3125619 1873563 945653 748770 179140 5994966 4513184 1164079 317703 233682 231366 -29454 31770 442463 314091 95639 32733 708909 352622 324515 31772 62106 62106 41615 41615 4289947 4088011 201936 2119722 2069652 13567 36503 789943 546678 243265 192444 120379 72065 2546769 1774979 771790 8388 8388 22655 13057 9598 1283984 1283984 10801393 10249200 552193 565693 10199 555494 ENTERTAINER AND PRODUCT 27313397 27313397 FESTIVAL EXPENSES 3021299 2989392 639 31268 EQUIPMENT AND SUPPLIES 2542356 2449462 92894 STAGING EXPENSES 154818 154818 545613 495699 49914 65555725 59915823 4979013 660889 61459 418606 2993459 3420418 1939605 2010414 2205178 2364623 144723 171331 210208 58399 188797493 93197805 98052260 95599688 1853025 2447965 107459917 106491444 1650155 2265120 35590653 31253194 15656916 15662852 13973618 17011665 9674659 8142247 76546001 74335078 X 27972254 32156366 2941662 0 30913916 32156366 107459917 106491444 -112017 1354467 0 X 0 1 X 1 0 X 9779286 15161260 11557485 5197332 21940953 63636316 9779286 15161260 11557485 5197332 21940953 63636316 20484981 43151335 2167024 2252911 2139764 34353 1307297 7901349 541218 558190 539586 224546 481621 2345161 73882826 168209260 0.58410 0.50820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3913843 3913843 9513664 3992720 5520944 164405240 81303662 83101578 10897513 7901423 2996090 67233 67233 95599688 DEFERRED RENT EXPENSE 3490500 DEFERRED COMPENSATION OBLIGATION 2447965 INTEREST RATE SWAP LIBABILITY 2203782 8142247 X 66960633 1354467 132364 30094 1516925 65443708 0 65443708 65718183 132364 30094 162458 65555725 0 65555725 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: EXPENSES INCLUDED IN OTHER REVENUE ON FINANCIALS -16,294. RENTAL EXPENSES 46,388. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES INCLUDED IN OTHER REVENUE ON FINANCIALS -16,294. RENTAL EXPENSES 46,388. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DON SMILEY PRESIDENT - NON VOTING 410847 0 72000 0 17093 0 475190 0 16024 0 991154 0 0 0 SARAH PANCHERI VP SALES/MARKETING 203501 0 12600 0 0 0 21640 0 6331 0 244072 0 0 0 ROBERT BABISCH VP OF ENTERTAITAINMENT 175780 0 13100 0 0 0 20001 0 23578 0 232459 0 0 0 FRANK NICOTERA CAO AND GENERAL COUNSEL 167999 0 12400 0 0 0 18970 0 13839 0 213208 0 0 0 SUSAN LANDRY VICE PRESIDENT/CFO 172824 0 12400 0 0 0 18945 0 8931 0 213100 0 0 0 KEVIN CANADY SENIOR DIR- CORPORATE EVENT SALES 153926 0 9400 0 0 0 16333 0 0 0 179659 0 0 0 GAYE LITTELL DIR- NEW BUSINESS DEVELOPMENT 140514 0 10100 0 0 0 15399 0 8055 0 174068 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 $9,427. 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 10 42621 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 2021. 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. MWF LLC 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 800547125 SEE PART VII WI 7180992 89708 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.