2019-04-15T08:19:29-05:00 2018-05-31 BDO USA LLP 200 OTTAWA AVE NW STE 300 GRAND RAPIDS MI 49503 990 2017-06-01 381689022 Interlochen Center for the Arts % PATRICK M KESSEL VP FINANCE INTE 2312767200 PO Box 199 Interlochen MI 49643 PATRICK M KESSEL VP FINANCE & OPS 2312767200 2019-03-15 true Jacob Cook P01240455 6167747000 50.203.204.82 38868920191055000125 2019-04-15 P 2767BCF7E269D2D3434BA551614CF79CF55D6980 2767BCF7E269D2D3434BA551614CF79CF55D6980 2017 2019-02-21 02:37:17Z PATRICK M KESSEL PO Box 199 INTERLOCHEN MI 49643 83188993 false X WWW.INTERLOCHEN.ORG X 1927 MI ENGAGE AND INSPIRE PEOPLE WORLDWIDE THROUGH EXCELLENCE IN EDUCATIONAL, ARTISTIC AND CULTURAL PROGRAMS, ENHANCING THE QUALITY OF LIFE THROUGH THE UNIVERSAL LANGUAGE OF ARTS. 23 22 1585 733 121610 120610 16506654 8225801 45982248 46717311 4806189 5980693 1689092 1512872 68984183 62436677 12456963 13769665 0 0 26978071 28330732 0 0 2788959 16018934 16222682 55453968 58323079 13530215 4113598 203412607 216420556 43092149 46017047 160320458 170403509 X INTERLOCHEN CENTER FOR THE ARTS 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. false false 22343806 11677392 29681845 Interlochen Arts Academy, the nation's first and foremost boarding fine arts high school, unites students with others who value their highest aspirations, creating a close-knit artists' community. Five hundred of the world's most talented and motivated young artists study music, dance, theatre, visual arts, creative writing and motion picture arts in a college-like setting. They find in the academy a fast-paced, creative environment that challenges, inspires and focuses their talents. While producing more than 250 artistic presentations in the school year, academy students also master a rigorous college preparatory academic curriculum that prepares them to take prominent.... Continued on schedule o 16534417 2090778 13958267 The world's premier summer arts program for aspiring artist's grades 3 through 12. Interlochen Arts Camp attracts students, faculty and staff from all 50 U.S. states, and more than 40 countries. The world's best and brightest students train intensively with world class instructors and produce more than 400 presentations each summer in dance, theater, creative writing, visual arts, motion picture arts and music. During summer 2017 there were 2,854 students, of which 730 students received grants. 3128133 2399365 Interlochen Presents brings a world of superb presentations to the doorstep of northwest lower Michigan, enhancing the region's position on the global arts map. More than 600 events each year by students, faculty and distinguished guest artists make Interlochen one of the nation's largest arts presenters. There is a combined seating capacity of 12,500 and approximately 130,000 attendees annually. 2681256 1495 677834 44687612 true true false false false false false true false true true true false false true false true false true false true false true false false false false false true true true false false false false false false false false false false true false false false false true true true false false true 239 0 true 1585 true true true true CA CJ LU false false false false false false false false X 23 22 false false false false false false false true true false false false true true true true true true false false MI X X PATRICK M KESSEL VP FINANCE 2312767200 OPERATIONS PO BOX 199 INTERLOCHEN MI 49643 Arthur Devey President Ex Officio Trustee 50.0 0.0 X X 297373 0 17391 Jeffrey Kimpton Pres Ex Off Trstee thru 6/1/17 50.0 0.0 X X 549078 0 49370 Glynn T Williams Chairman of the Board 1.5 0.0 X X 0 0 0 Becky Ruthven Vice Chair 1.5 0.0 X X 0 0 0 Sarah K Harding Vice Chair 1.5 0.0 X 0 0 0 David P Min Ex-Officio Trustee 1.5 0.0 X 0 0 0 Keith W Baum Trustee 1.5 0.0 X 0 0 0 Gordon F Brunner Trustee 1.5 0.0 X 0 0 0 Andrew W Cordonnier Trustee 1.5 0.0 X 0 0 0 Casey G Cowell Trustee 1.5 0.0 X 0 0 0 Douglas R Eicher Trustee 1.5 0.0 X 0 0 0 Lowell J Gruman Trustee 1.5 0.0 X 0 0 0 Cynthia L Hann Trustee 1.5 0.0 X 0 0 0 Steven E Hayden Trustee 1.5 0.0 X 0 0 0 Nancy Hoagland Trustee 1.5 0.0 X 0 0 0 Timothy M Jackson Trustee 1.5 0.0 X 0 0 0 Barbara Kratchman Trustee 1.5 0.0 X 0 0 0 John F Manuel Trustee 1.5 0.0 X 0 0 0 Elaine Mischler Trustee 1.5 0.0 X 0 0 0 Thomas W Morris Trustee 1.5 0.0 X 0 0 0 William C Nelson Trustee 1.5 0.0 X 0 0 0 Barrett Rollins Trustee 1.5 0.0 X 0 0 0 Claire Skinner Trustee 1.5 0.0 X 0 0 0 Kurtis T Wilder Trustee 1.5 0.0 X 0 0 0 Zhibai Zheng Trustee 1.5 0.0 X 0 0 0 Timothy Dougherty VP Advancement 50.0 0.0 X 406094 0 48530 Patrick Kessel VP Finance & Operations 50.0 0.0 X 390201 0 48530 Edward Farraday VP Education Programs 50.0 0.0 X 285826 0 34661 Thomas Mackey VP Student Affairs 50.0 0.0 X 149735 0 41718 Heather Cova Corp Secretary 50.0 0.0 X 81405 0 8669 Cathleen Dodge Miller AVP Advancement 50.0 0.0 X 187551 0 26404 Kim Zubrickas DIR Human Resources 50.0 0.0 X 159536 0 23274 Kedrik Merwin DIR Music 50.0 0.0 X 146784 0 32631 Daniel Besselsen AVP Finance 50.0 0.0 X 141607 0 31223 Andrew Schmitt DIR Information Technology 50.0 0.0 X 132752 0 30098 2927942 0 392499 15 false true false Spence Brothers 800 Hastings St Suite A TRAVERSE CITY MI 49686 Construction 3219715 Cornerstone Architects Incorporated 122 South Union Street Ste 200 TRAVERSE CITY MI 49684 Architect 727189 Mitchell Graphics 2363 Mitchell Park Drive PETOSKEY MI 49770 Bulk Mailing 243077 Goldman Sachs and Co 71 S Wacker Dr Suite 500 CHICAGO IL 60614 Investment Manager 227331 Elmers 3600 Rennie School Road TRAVERSE CITY MI 49696 Construction 227100 10 82711 125484 8017606 1987680 8225801 STUDENT TUITION AND FEES 711130 43966282 43966282 CONCERT ADMISSIONS 711300 2140581 2140581 OTHER DEPARTMENT INCOME 900099 610448 610448 46717311 3400968 3400968 0 0 1370879 121610 1370879 121610 1492489 121610 1370879 21285731 150000 18845585 10421 2440146 139579 2579725 2579725 0 0 0 0 0 0 1712014 1896310 -184296 -184296 OTHER SALES 900099 204679 204679 204679 62436677 46717311 121610 7371955 0 11297443 11297443 2472222 2472222 0 2948688 589960 1899973 458755 0 20560839 16480489 2773369 1306981 1596895 1169938 305754 121203 1617161 1269505 256483 91173 1607149 1189955 311848 105346 0 43543 43543 91089 91089 0 0 234598 234598 1600041 1125814 411292 62935 879673 6264 810712 62697 4069107 2762606 943056 363445 1102922 1102922 0 947957 795544 114530 37883 1189344 692968 362897 133479 0 178322 71985 96292 10045 255440 255440 0 1924517 1539614 384903 328384 328384 ARTIST FEES 1403268 1403268 FOOD COST 1389961 1349579 28389 11993 REPAIRS AND MAINTENANCE 142467 143112 -20877 20232 UBIT 36104 36104 405945 327346 75807 2792 58323079 44687612 10846508 2788959 13387200 11306242 10056 10173 9558983 7273406 166668 253935 0 0 0 0 0 0 1033205 982497 812619 664638 104938230 48818307 48980778 56119923 97816547 105708254 30223961 33106802 0 0 0 0 1422590 994686 203412607 216420556 3907705 7602252 0 0 13267720 12631163 25217854 25228569 0 0 0 0 0 0 0 0 698870 555063 43092149 46017047 X 98258788 110909326 30951692 27000245 31109978 32493938 160320458 170403509 203412607 216420556 4113598 5969453 X false true X true false X 10965250 14915943 10111241 16506654 8225801 60724889 0 0 10965250 14915943 10111241 16506654 8225801 60724889 5479282 55245607 3658242 3474312 4334073 5111255 4771847 21349729 124521 99762 95967 117293 121610 559153 231927 211477 252135 192246 204679 1092464 83726235 230768867 0.65984 0.64512 X X X X false 109370490 1522791 10150193 1235210 31638513 88169751 96587978 3711554 12574526 975593 2527975 109370490 103592159 899762 -2907937 1000355 3995651 96587978 84054567 18390891 4178019 1019431 2011887 103592159 76035014 2617734 8348449 880624 2066006 84054567 0.50230 0.36850 0.12920 false false 479781 479781 67734789 34467630 33267159 4818080 2451736 2366344 23383456 11898941 11484515 8522124 8522124 56119923 TREASURY INFLACTION PROT SEC 2228646 F INTL EQUITY, LARGE BLEND 13346808 F ASSET ALLOCATION 10571938 F PRIVATE EQUITY 6959410 F 33106802 0 ANNUITIES PAYABLE 555063 555063 56298178 5969453 -13769665 -7800212 64098390 234597 -1896310 -1661713 62436677 46215127 1896310 1896310 44318817 234597 13769665 14004262 58323079 SCHEDULE D, PART III, LINE 1a IN 1969, LELAND B GREENLEAF, PRESIDENT OF THE CONN CORPORATION, DONATED A LARGE COLLECTION OF MUSICAL INSTRUMENTS TO INTERLOCHEN CENTER FOR THE ARTS. 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 RECENTLY WITH A VALUE OF APPROXIMATELY $275,000. SCHEDULE D, PART III, LINE 4 As an educational institution focused on the arts, the Leland B Greenleaf collection furthers our exempt purpose by exposing our students to the early history of music and musical instruments. SCHEDULE D, PART V, LINE 4 The organization's endowment funds are used to support annual scholarships, operations and capital needs. The Board of Trustees of Interlochen Center for the Arts has adopted a policy of appropriating for distribution each year 4.5 percent of its endowment funds' average fair market value over the prior five years. SCHEDULE D, PART XI, LINE 2D Financial Aid: $(13,769,665) SCHEDULE D, PART XI, LINE 4B Cost of Goods Sold: $(1,896,310) SCHEDULE D, PART XII, LINE 2D Cost of Goods Sold: $ 1,896,310 SCHEDULE D, PART XII, LINE 4B Financial Aid: $ 13,769,665 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 Our nondiscrimination policy statement is included in publicity releases, brochures, catalogs, advertising materials and on our website - all available upon request. SCHEDULE E, PART I, LINE 6A Interlochen Center for the Arts ("ICA") received grant funding from the Michigan Council for Arts and Cultural Affairs. A small portion of this grant is provided by the National Endowment for the Arts. ICA also received grant funding directly from the National Endowment for the Arts. true Central America and the Caribbean 0 0 Program Services Scholarships & Fin Aid 131982 East Asia and the Pacific 0 0 Program Services Scholarships & Fin Aid 1180500 Europe (Including Iceland and Greenland) 0 0 Program Services Scholarships & Fin Aid 314254 North America 0 0 Program Services Scholarships & Fin Aid 286504 Russia and the Newly Independent States 0 0 Program Services Scholarships & Fin Aid 98000 South America 0 0 Program Services Scholarships & Fin Aid 409554 South Asia 0 0 Program Services Scholarships & Fin Aid 49000 Sub-Saharan Africa 0 0 Program Services Scholarships & Fin Aid 800 Central America and the Caribbean 0 0 Investments 6206689 Europe (Including Iceland and Greenland) 0 0 Investments 752721 0 0 0 0 9430004 9430004 STUDENT FINANCIAL AID Central America and the Caribbean 5 131982 Tuition Offs FMV STUDENT FINANCIAL AID East Asia and the Pacific 61 1180500 TUITION OFFS FMV STUDENT FINANCIAL AID Europe (Including Iceland and Greenland) 17 314254 TUITION OFFS FMV STUDENT FINANCIAL AID North America 17 286504 TUITION OFFS FMV STUDENT FINANCIAL AID Russia and the Newly Independent States 2 98000 TUITION OFFS FMV STUDENT FINANCIAL AID South America 15 409554 TUITION OFFS FMV STUDENT FINANCIAL AID South Asia 1 49000 TUITION OFFS FMV STUDENT FINANCIAL AID Sub-Saharan Africa 1 800 TUITION OFFS FMV true false true true false false SCHEDULE F, PART I, LINE 2 The grants are non-cash financial aid that is awarded to enrolled foreign students. The financial aid award reduces the tuition balance that is owed by the student's parents. Interlochen Center for the Arts maintains records to substantiate the amount of financial aid awarded and the student's eligibility based on need or merit. As the grant is non-cash financial aid it is not necessary to monitor. true STUDENT FINANCIAL AID 969 11297443 FMV TUITION OFFSET SCHEDULE I, PART I, LINE 2 The grants are non-cash financial aid that is awarded to enrolled students in the United States. The financial aid award reduces the tuition balance that is owed by the student's parents. Interlochen Center for the Arts maintains records to substantiate the amount of financial aid awarded and the student's eligibility based on need or merit. As the grant is non-cash financial aid it is not necessary to monitor. X X X X true true X X X X false false false false false false false false false Arthur Devey President Ex Officio Trustee 232373 0 65000 0 0 0 0 0 17391 0 314764 0 0 0 Jeffrey Kimpton Pres Ex Off Trstee thru 6/1/17 438855 0 71700 0 38523 0 29700 0 19670 0 598448 0 0 0 Timothy Dougherty VP Advancement 323637 0 72700 0 9757 0 29700 0 18830 0 454624 0 0 0 Patrick Kessel VP Finance & Operations 310600 0 71400 0 8201 0 29700 0 18830 0 438731 0 0 0 Edward Farraday VP Education Programs 231826 0 54000 0 0 0 28930 0 5731 0 320487 0 0 0 Thomas Mackey VP Student Affairs 149735 0 0 0 0 0 18634 0 23084 0 191453 0 0 0 Cathleen Dodge Miller AVP Advancement 177025 0 10526 0 0 0 20673 0 5731 0 213955 0 0 0 Kim Zubrickas DIR Human Resources 148036 0 11500 0 0 0 17543 0 5731 0 182810 0 0 0 Kedrik Merwin DIR Music 146784 0 0 0 0 0 16351 0 16280 0 179415 0 0 0 Daniel Besselsen AVP Finance 133407 0 8200 0 0 0 16300 0 14923 0 172830 0 0 0 Andrew Schmitt DIR Information Technology 122752 0 10000 0 0 0 14674 0 15424 0 162850 0 0 0 SCHEDULE J, PART I, LINE 1B Interlochen Center for the Arts ("ICA") provides a residence for personal use to the president and the vice president of student affairs. The residence for the president and the vice president of student affairs are located on ICA's campus, are provided for the convenience of ICA, and the president and the vice president of student affairs are required to accept the lodging as a condition of their employment. The president's residence is used regularly for business related functions. As such, the benefit was not treated as taxable compensation for either employee. ICA approved and paid an 11% profit-sharing contribution to all eligible employee's 401(a) benefit plan accounts. Due to IRS limits for contributions to 401(a) plans, ICA paid a grossed-up bonus to the president as 11% of his base compensation was greater than IRS limitations. During calendar year 2017, ICA purchased an airline tickets for the president Kimpton's wife to attend a board meeting. During calendar year 2018, ICA purchased one first class plane ticket for the new president Devey for a donor cultivation trip. The ticket was not treated as taxable compensation for the president. A ECON DEVELOPMENT CORP OF THE TWNSHP OF GREEN LAKE 522043802 393096AB8 2004-08-11 26300000 SEE SCHEDULE K, SUPPLEMENTAL INFO false false false A 0 0 26494241 0 0 0 319656 0 0 7175169 18999416 0 2006 true false true true A false false false false 0 true false false false A false false true false true false 0 true Pallas Capital Corp 2. false false true A false SCHEDULE K, PART I, COLUMN F The purpose of the bond was to refund the $16,100,000 bond issue that was done 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 miscellaneous capital items. SCHEDULE K, PART II, LINE 3 The total proceeds of the bond issue are $194,241 greater than the bonds 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 62 1987680 SEE PT II SUPPLEMENT 2 false true false SCHEDULE M, PART I, LINE 9 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 III, LINE 4A - CONTINUED roles in a whole universe of professional endeavors. During school year 2017/2018 there were 508 students; 358 students received grants. FORM 990, PART III, LINE 4D EXPENSES: $2,234,380 REVENUE: $370 Interlochen Public Radio ("IPR") through two listener-supported broadcast services, connects northwest lower Michigan with arts, news and culture on a global scale. IPR also gives significant focus to local and regional news, information and artists, providing a trusted context for community discussion and showcasing the vitality and diversity of the grand traverse region. Serving listeners all over northern Michigan - and all over the world via the internet - IPR values its potential to impact individual lives every day, 24 hours a day. Coverage area includes most of the northern two-thirds of lower Michigan and the eastern third of the upper peninsula of Michigan. EXPENSES: $446,876 GRANTS: $1,495 REVENUE: $677,464 Interlochen College of Creative Arts offers an engaging - and evolving - series of classes and programs for adults called "Interlochen for life." Members of the Interlochen community - of all ages - thrive on opportunities to learn and express themselves creatively and on the strong relationships that result from such meaningful endeavors. FORM 990, PART VI, LINE 11B The form 990 is prepared by Interlochen Center for the Arts ("ICA") external accounting firm, BDO. By board of trustee policy, the draft of the form 990 is reviewed by the vice president of finance, president, and the chair of board of trustees. FORM 990, PART VI, LINE 12C Interlochen Center for the Arts ("ICA") 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 chair of the board of trustees. If a board of trustee member had a conflict involving a matter before the board then they would remove themselves from the deliberation and decision making process. FORM 990, PART VI, LINE 15A The board of trustees creates an ad hoc presidential review committee which annually reviews the compensation of Interlochen Center for the Arts president. There are a variety of inputs for the committee, including a self-evaluation, goals completion, and the balance between various employee classes. In addition, the committee reviews national compensation comparisons with non-profits of similar size and stature to Interlochen Center for the Arts. 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 was last undertaken in October 2017. The board of trustees annually creates an ad hoc presidential review committee. The Interlochen Center for the Arts ("ICA") president makes compensation recommendations for ICA's officers to the presidential review committee. The president's recommendations are based on self-evaluations, goals completion, and the balance between various employee classes. The president also reviews national compensation comparisons with non-profits of similar size and stature to ICA. The president's compensation recommendations are discussed and reviewed by the presidential review committee however they are not formally voted upon. This process was last undertaken in October 2017 for the following ICA employee positions: Vice President of Finance and Opeations, Vice President of Advancement, Vice President of Student Affairs and Vice President of Education Programs. FORM 990, PART VI, LINE 19 INTERLOCHEN CENTER FOR THE ART'S ("ICA") GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE POSTED ON ICA'S WEBSITE. CANADIAN FRIENDS OF INTERLOCHEN PO BOX 9401 STATION A TORONTO ONTARIO CA M5W 4E1 SCHOLARSHIPS CA 501(C)(3) 7 ICA true false false true false false false false false false false false true false false true false false false false CANADIAN FRIENDS OF INTERLOCHEN C 82711 FMV