2019-09-09T15:32:05-05:00 2018-12-31 390758449 WIPFLI LLP 10000 INNOVATION DRIVE SUITE 250 MILWAUKEE WI 532264837 990 2018-01-01 391049688 MILWAUKEE WORLD FESTIVAL INC MILW 4142732680 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 DON SMILEY PRESIDENT/CHIEF EXECUTIVE OFFICER 4142732680 2019-08-28 1 KRISTINA M ODERMANN CPA P01246844 4144319300 2019-08-28 207.250.78.130 2019-08-28 12:02:05 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3DFA978087864649CDCA96CEE56A305774C12507 2018 2019-02-21 02:37:17Z SUMMERFEST DON SMILEY 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 61384535 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 2195 400 694937 558189 9779286 15161260 40199942 39280387 19368 329352 2292951 5659045 52291547 60430044 0 0 0 0 9147383 9573857 0 0 654239 37509096 40567628 46656479 50141485 5635068 10288559 141927192 93001816 118814687 45376738 23112505 47625078 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, AND COORDINATING ETHNIC FESTIVALS, 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 25969850 0 33498309 SUMMERFEST IS AN ANNUAL FESTIVAL IN THE MILWAUKEE METROPOLITAN AREA. IT IS THE WORLD'S LARGEST MUSIC FESTIVAL. TOTAL ATTENDANCE WAS 766,192 IN 2018. 4137102 0 4351547 THIS CATEGORY REPRESENTS ETHNIC AND CULTURAL EVENTS, MUSIC CONCERTS AND OTHER EVENTS INCLUDING WALKS/RUNS FOR CHARITY. TOTAL ATTENDANCE WAS 532,165 IN 2018. 9500 0 56915 THIS CATEGORY REPRESENTS CONSULTING, PRODUCTION, STAFFING AND MANAGEMENT SERVICES PROVIDED TO OTHER ENTITIES PRODUCING EVENTS. 14616606 0 6845 THIS CATEGORY REPRESENTS SEASONAL OPERATING REVENUES AND EXPENES THAT ARE NOT DIRECTLY ATTRIBUTED TO A SPECIFIC EVENT. ADDITIONALLY, IT REPRESENTS OTHER INCOME AND EXPENSE. 14616606 0 6845 44733058 1 1 0 0 0 0 0 0 0 0 1 1 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 0 0 0 0 1 1 1 1 0 0 1 417 0 2195 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 JOANNE BISCHMANN DESIGNATED BY HARLEY-DAVIDSON MOTOR 0.40 X 129 0 0 DAVID CASPER AT-LARGE BOARD MEMBER 0.40 X 129 0 0 ALEC FRASER CITIZEN DESIGNEE BY MILWAUKEE COUNTY 0.40 X 129 0 0 JON HAMMES AT-LARGE BOARD MEMBER 0.40 X 129 0 0 CHARLES HARVEY AT-LARGE BOARD MEMBER 0.40 X 129 0 0 BILL HURWITZ AT-LARGE BOARD MEMBER 0.40 X 129 0 0 CRAIG KARMAZIN AT-LARGE BOARD MEMBER 0.40 X 129 0 0 DON LAYDEN CITIZEN DESIGNEE BY MAYOR OF MKE 0.40 X 129 0 0 MARTIN MATSON CITY OF MILWAUKEE COMPTROLLER 0.40 X 129 0 0 TERESA MERCADO UNITED ETHNIC FESTIVALS PRESIDENT 0.40 X 129 0 0 DANIEL MINAHAN AT-LARGE BOARD MEMBER 0.40 0.10 X 129 0 0 CORY NETTLES AT-LARGE BOARD MEMBER 0.40 X 129 0 0 PAULA PENNEBAKER CITIZEN DESIGNEE BY MILWAUKEE COMMON COUNCIL 0.40 X 129 0 0 TIM SHEEHY AT-LARGE BOARD MEMBER 0.40 X 129 0 0 MARY ELLEN STANEK AT-LARGE BOARD MEMBER 0.40 X 129 0 0 PAUL SWEENEY AT-LARGE BOARD MEMBER 0.40 X 129 0 0 TODD TESKE DESIGNATED BY BRIGGS & STRATTON 0.40 X 129 0 0 LAURA TIMM TERM 32018 DESIGNATED BY BRIGGS & STRATTON 0.40 X 0 0 0 HARRIS TURER AT-LARGE BOARD MEMBER 0.40 X 129 0 0 CATHERINE WARD DESIGNATED BY UEF COMMITTEE 0.40 X 129 0 0 GREG WESLEY AT-LARGE BOARD MEMBER 0.40 X 129 0 0 TIM WITKOWIAK DESIGNATED BY UEF COMMITTEE 0.40 X 129 0 0 JIM WRIGHT DESIGNATED BY MILLER BREWING CO. 0.40 X 129 0 0 HOWARD SOSOFF CHAIRMAN OF THE BOARD 0.40 X X 129 0 0 J MICHAEL LAUER FIRST VICE PRESIDENT 0.40 X X 129 0 0 TED KELLNER SECOND VICE PRESIDENT - NON VOTING 0.40 0.10 X X 129 0 0 HOWARD SCHNOLL SECRETARY - NON VOTING 0.40 0.10 X X 129 0 0 BRUCE MCDONALD TERM 32018 TREASURER - NON VOTING 0.40 X X 0 0 0 MIKE WHITE TREASURER - NON VOTING 0.40 X X 129 0 0 DON SMILEY PRESIDENT/CEO - NON VOTING 45.00 2.00 X X 492199 0 240677 ROBERT BABISCH VICE PRESIDENT OF ENTERTAINMENT 45.00 2.00 X 195548 0 49007 SARAH PANCHERI VICE PRESIDENT OF SALES & MARKETING 45.00 2.00 X 196466 0 34986 SUSAN LANDRY VICE PRESIDENT/CFO 45.00 2.00 X 179741 0 32643 FRANK NICOTERA CAO AND GENERAL COUNSEL 45.00 2.00 X 181395 0 32776 KEVIN CANADY SENIOR DIRECTOR OF CORPORATE & EVENT SALES 45.00 X 148958 0 0 ROBERT GOSSE DIRECTOR OF DESIGN & CONSTRUCTION 45.00 X 106205 0 33770 MATT LEIBHAM CONTROLLER 45.00 X 140384 0 42049 GAYE LITTELL DIRECTOR OF NEW BUSINESS DEVELOPMENT 45.00 X 124965 0 25616 VIC THOMAS ASSOCIATE ENTERTAINMENT DIRECTOR 45.00 X 102577 0 21698 1871921 0 513222 11 0 1 0 XO TOURING 16000 VENTURA BOULEVARD SUITE 600 ENCINO CA 91436 ARTIST PERFORMANCES 1300124 TEN POINT TOURS INC PO BOX 340020 NASHVILLE TN 37203 ARTIST PERFORMANCES 1000000 STAGEHANDS INC 1110 N OLD WORLD THIRD STREET MILWAUKEE WI 53202 STAGEHAND SERVICES 922221 COLE WORLD TOURING INC 10960 WILSHIRE BOULEVARD 5TH FLOOR LOS ANGELES CA 90024 ARTIST PERFORMANCES 863453 ORANGE PEACH LINE INC 11 MUSIC CIRCLE SOUTH NASHVILLE TN 37203 ARTIST PERFORMANCES 810000 27 6658254 8503006 15161260 FESTIVALS & OTHER EVENTS 711300 37735211 37735211 PARKING REVENUE 900099 912803 912803 CONSULTING & SIGNS SERVICES 541610 336103 73415 262688 GIFTS & SOUVENIR SALES 453220 196940 196940 99330 99330 39280387 366882 366882 252230 252230 1633799 1041150 0 800181 1633799 240969 1874768 5660 235309 1633799 116780 102072 52238 14708 -52238 -37530 -37530 CANCELLATION OF DEBT 900099 3532047 3532047 3532047 60430044 37913616 694937 6660231 1482938 872133 420935 189870 6492232 4906887 1290891 294454 377061 318653 48154 10254 447954 316616 106964 24374 773672 411944 331644 30084 49846 49846 26000 26000 2641494 2520722 120772 2043224 1980477 15171 47576 300799 300799 87728 87728 2526925 1815253 711672 6972 6972 35572 1085 34487 867759 867759 6818238 6317895 500343 514540 16097 498443 ENTERTAINER AND PRODUCT 18610129 18610129 FESTIVAL EXPENSES 3085340 3085340 EQUIPMENT AND SUPPLIES 2181428 2063837 117591 STAGING EXPENSES 283666 275353 8313 487968 352878 77463 57627 50141485 44733058 4754188 654239 1000 289260 14107970 4882763 70325834 2978343 54477 62472 603784 248219 136013362 70490663 53964236 65522699 2344529 250000 0 16000000 525362 2768060 141927192 93001816 2497839 6133285 75424165 17447893 1979728 17601195 34700000 0 4212955 4194365 118814687 45376738 X 23112505 47625078 23112505 47625078 141927192 93001816 X 10288559 -78667 14302681 X 0 1 X 1 0 X 3272009 3496300 4263430 9779286 15161260 35972285 3272009 3496300 4263430 9779286 15161260 35972285 12565604 23406681 1895756 2125552 1872046 2167024 2252911 10313289 590614 743188 811393 541218 558190 3244603 49530177 191370652 0.47260 0.39060 X 3913843 3913843 9498095 2606327 6891768 106428162 61318711 45109451 9448966 6565625 2883341 6724296 6724296 65522699 CERTIFICATES OF DEPOSIT 16000000 C 16000000 DEFERRED RENT EXPENSE 3540285 DEFERRED COMPENSATION OBLIGATION 654080 4194365 X 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. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DON SMILEY PRESIDENT/CEO - NON VOTING 402596 0 76800 0 12803 0 233154 0 18520 0 743873 0 0 0 ROBERT BABISCH VICE PRESIDENT OF ENTERTAINMENT 186248 0 9300 0 0 0 29716 0 21974 0 247238 0 0 0 SARAH PANCHERI VICE PRESIDENT OF SALES & MARKETING 187966 0 8500 0 0 0 29513 0 7754 0 233733 0 0 0 SUSAN LANDRY VICE PRESIDENT/CFO 171141 0 8600 0 0 0 26974 0 8247 0 214962 0 0 0 FRANK NICOTERA CAO AND GENERAL COUNSEL 172695 0 8700 0 0 0 27396 0 8437 0 217228 0 0 0 KEVIN CANADY SENIOR DIRECTOR OF CORPORATE & EVENT 143758 0 5200 0 0 0 0 0 1121 0 150079 0 0 0 MATT LEIBHAM CONTROLLER 133684 0 6700 0 0 0 21105 0 22057 0 183546 0 0 0 GAYE LITTELL DIRECTOR OF NEW BUSINESS DEVELOPMENT 118965 0 6000 0 0 0 18837 0 7820 0 151622 0 0 0 PART I, LINE 1A THE PRESIDENT/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 $14,519. A REDEVELOPMENT AUTHORITY OF THE CITY OF MILWAUKEE 391186734 60242EJJ1 2010-12-29 25000000 FINANCE, IN PART, THE SOUTH END PROJECT 0 0 0 A 7398805 25000000 1979728 500000 22520272 2013 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 SCHEDULE K, PART III, LINE 7: THESE BONDS ARE NOT QUALIFIED 501(C)(3) BONDS. THEY ARE MIDWEST DISASTER AREA, PRIVATE ACTIVITY BONDS THEREFORE PRIVATE BUSINESS USE AND PRIVATE SECURITY OR PAYMENT TEST ARE NOT APPLICABLE. 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 BRIGGS & STRATTON INC., HARLEY-DAVIDSON, INC., AND MILLER BREWING 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 CONFLICT OF INTEREST 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 IN 2015. EACH YEAR, THAT DATA IS UPDATED USING THE MIDWESTERN CPI. EACH EMPLOYEE RECEIVES A PERFORMANCE RATING. AN INCREASE IS ASSIGNED TO EACH EMPLOYEE BASED ON 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: TRANSFER OF NET ASSETS FROM MERGER WITH SUMMERFEST FOUNDATION, INC. 14,302,681. MWF LLC 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 800547125 MANAGE AND OPERATE BEVERAGE OPERATIONS ON THE PROPERTIES OWNED BY MEMBER WI 7406814 4214 MILWAUKEE WORLD FESTIVAL INC SUMMERFEST FOUNDATION INC 639 E SUMMERFEST PLACE MILWAUKEE WI 53202 452522052 PERFORM THE FUNCTIONS AND CARRY OUT THE PURPOSE OF MILWAUKEE WORLD FESTIVAL WI 501(C)(3) LINE 7 MILWAUKEE WORLD FESTIVAL INC 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 SUMMERFEST FOUNDATION INC L 56915 MANAGEMENT AGREEMENT SUMMERFEST FOUNDATION INC C 6658254 BOOK VALUE SUMMERFEST FOUNDATION INC S 14302681 BOOK VALUE