2017-04-17T07:11:24-05:00 2016-05-31 BDO USA LLP 200 OTTAWA AVE NW STE 300 GRAND RAPIDS MI 49503 990 2015-06-01 381689022 INTERLOCHEN CENTER FOR THE ARTS % PATRICK M KESSEL VP FINANCE INTE 2312767200 PO BOX 199 INTERLOCHEN MI 49643 PATRICK M KESSEL VP FINANCE 2312767200 2017-03-15 true JACOB COOK P01240455 6167747000 2015 2021-01-29 14:40:06Z PATRICK M KESSEL PO BOX 199 INTERLOCHEN MI 49643 87386017 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. 27 26 1501 562 95967 94967 14915943 10111241 43244994 45486516 7633504 2203961 1589846 1669829 67384287 59471547 12251190 12082728 0 0 24632787 26342696 0 0 2426936 14879855 15588879 51763832 54014303 15620455 5457244 180804187 181343605 44280940 44569283 136523247 136774322 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 21243787 10208116 28352488 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 15720402 1874612 13956484 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 2015 there were 2,912 students, of which 666 students received grants. 2974130 2588310 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. 2549254 589234 42487573 true true false true 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 true false true false false false false true true true false false true X 176 0 1501 true true true true CA CJ false false false false false false false false X 27 26 false false false false false false false true true false false true true true true true true true false false MI X X PATRICK M KESSEL VP FINANCE 2312767200 OPERATIONS PO BOX 199 INTERLOCHEN MI 49643 X Jeffrey Kimpton President Ex Officio Trustee 50.0 0.0 X X 542868 0 64463 John E McGarry Chairman of the Board 1.5 0.0 X X 0 0 0 Neil M Bressler Vice Chair 1.5 0.0 X X 0 0 0 Don V Cogman Vice Chair 1.5 0.0 X 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 Ralph J Cerny Trustee 1.5 0.0 X 0 0 0 Andrew W Cordonnier Trustee 1.5 0.0 X 0 0 0 Carl M DeFaria Trustee 1.5 0.0 X 0 0 0 Douglas R Eicher Trustee 1.5 0.0 X 0 0 0 Peter C Erskine Trustee 1.5 0.0 X 0 0 0 Lowell J Gruman Trustee 1.5 0.0 X 0 0 0 Stephen B Hale Ex-Officio Trustee 1.5 0.0 X 0 0 0 Sarah K Harding Trustee 1.5 0.0 X 0 0 0 Teresa Villasenor Harris Trustee 1.5 0.0 X 0 0 0 Steven E Hayden 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 Sarah S Lutman Trustee 1.5 0.0 X 0 0 0 John F Manuel Trustee 1.5 0.0 X 0 0 0 Bonnie K Mills 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 David S Rhind Trustee 1.5 0.0 X 0 0 0 Becky Ruthven Trustee 1.5 0.0 X 0 0 0 Sumit Sengupta Trustee 1.5 0.0 X 0 0 0 James P Spica Trustee 1.5 0.0 X 0 0 0 Stanford L Thompson Trustee 1.5 0.0 X 0 0 0 Katherine E White Trustee 1.5 0.0 X 0 0 0 Kurtis T Wilder Trustee 1.5 0.0 X 0 0 0 Glynn T Williams Trustee 1.5 0.0 X 0 0 0 Zhibai Zheng Trustee 1.5 0.0 X 0 0 0 Patrick Kessel VP Finance & Operations 50.0 0.0 X 331696 0 43218 Edward Farraday VP Education Programs 50.0 0.0 X 236885 0 30065 Timothy Dougherty VP Advancement 50.0 0.0 X 346162 0 43218 Thomas Mackey VP Student Affairs 50.0 0.0 X 152397 0 28688 Jenie Altruda VP Communication & Engagement 50.0 0.0 X 191473 0 11568 Heather Cova Corp Secretary 50.0 0.0 X 67111 0 7879 Christopher Gruits DIR Interlochen Presents 50.0 0.0 X 141853 0 28152 Kim Zubrickas DIR Human Resources 50.0 0.0 X 144778 0 27369 Kedrik Merwin DIR Music 50.0 0.0 X 137225 0 26701 Daniel Besselsen AVP Finance 50.0 0.0 X 137642 0 26074 Cathleen Dodge Miller AVP Advancement 50.0 0.0 X 147860 0 2773 2577950 0 340168 15 false true false CORNERSTONE ARCHITECTS INCORPORATED 122 SOUTH UNION STREET STE 200 TRAVERSE CITY MI 49684 ARCHITECT 405075 STORY ROOFING COMPANY INC 141 W WEXFORD AVE BUCKLEY MI 49620 ROOFING 362008 SPENCE BROTHERS 800 HASTINGS ST SUITE A TRAVERSE CITY MI 49686 CONSTRUCTION 356458 EASTWOOD CUSTOM HOMES 848 US 31 SOUTH TRAVERSE CITY MI 49685 CONSTRUCTION 314663 GOLDMAN SACHS CO 71 S WACKER DR SUITE 500 CHICAGO IL 60614 INVESTMENT MGR. 269998 12 151 112730 128783 9869577 378387 10111241 STUDENT TUITION AND FEES 711130 42585132 42585132 CONCERT ADMISSIONS 711300 2548948 2548948 OTHER DEPARTMENT INCOME 900099 352436 352436 45486516 2934351 2934351 0 0 1399722 95967 1399722 95967 1495689 95967 1399722 25279343 26009733 -730390 -730390 -730390 0 0 1826742 1904737 -77995 -77995 OTHER SALES 900099 252135 252135 252135 59471547 45486516 95967 3777823 0 10594623 10594623 1488105 1488105 0 2111850 559969 1157064 394817 0 18855224 15314594 2444878 1095752 1417734 1087127 266973 63634 2476927 1942879 394905 139143 1480961 1131043 258754 91164 0 50675 49961 714 109591 109591 8640 8640 0 252337 252337 1799957 1066185 519097 214675 637915 3455 633724 736 4103554 3098861 799686 205007 1054688 1054688 0 838844 707047 98128 33669 1125839 768958 198051 158830 0 128967 63649 48835 16483 -36990 -36990 0 1771937 1417550 354387 318534 318534 FOOD COST 1310927 1318464 -9809 2272 ARTIST FEES 1311151 1311151 REPAIRS AND MAINTENANCE 334958 309632 20276 5050 UBIT 22979 22979 444376 304281 135105 4990 54014303 42487573 9099794 2426936 13356137 10722941 258460 10016 7389479 9442634 188379 146930 0 0 0 0 0 0 987499 1087296 476364 657964 89696286 45295768 39601770 44400518 85589222 85708675 31414987 27618727 0 0 0 0 1541890 1547904 180804187 181343605 2946714 4563869 0 0 14269673 13872492 26300000 25400000 0 0 0 0 0 0 0 0 764553 732922 44280940 44569283 X 82612017 82657332 26933317 26320452 26977913 27796538 136523247 136774322 180804187 181343605 5457244 -5206169 X false true X true false X 6815716 10927080 10965250 14915943 10111241 53735230 0 0 6815716 10927080 10965250 14915943 10111241 53735230 8743168 44992062 2916668 3453377 3658242 3474312 4334073 17836672 66558 69447 124521 99762 95967 456255 218473 211214 231927 211477 252135 1125226 73153383 212199128 0.61504 0.61913 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8640 8640 54005663 54014303 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 8065 7890 8300 8640 32895 250000 250000 250000 250000 1000000 1500000 0 0 X X X false false 103592159 899762 -2907937 1000355 3995651 96587978 84054567 18390891 4178019 1019431 2011887 103592159 76035014 2617734 8348449 880624 2066006 84054567 62910318 4408170 11005485 744562 1544397 76035014 65938366 2033608 -2996047 633853 1431756 62910318 0.66099 0.28778 0.05123 false false 479781 479781 58642217 31229062 27413155 4212472 2243291 1969181 22202116 11823415 10378701 4159700 4159700 44400518 INTL EQUITY LARGE BLEND 11116385 F PRIVATE EQUITY 5787496 F TREASURY INFLATION PROTECTED 1979514 F ASSET ALLOCATION 8735332 F 27618727 0 ANNUITIES PAYABLE 732922 732922 43857095 -5206169 -12082728 -17288897 61145992 230292 -1904737 -1674445 59471547 43606020 1904737 1904737 41701283 230292 12082728 12313020 54014303 SCHEDULE D, PART III, LINE 1 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 (12,082,728) - FINANCIAL AID SCHEDULE D, PART XI, LINE 4B (1,904,737) - COST OF GOODS SOLD SCHEDULE D, PART XII, LINE 2D 1,904,737 - COST OF GOODS SOLD SCHEDULE D, PART XII, LINE 4B 12,082,728 - FINANCIAL AID 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. true Central America and the Caribbean Program Services SCHOLARSHIPS AND AID 135100 East Asia and the Pacific Program Services SCHOLARSHIPS AND AID 512180 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS AND AID 232930 Middle East and North Africa Program Services SCHOLARSHIPS AND AID 8380 North America Program Services SCHOLARSHIPS AND AID 170200 Russia and the Newly Independent States Program Services SCHOLARSHIPS AND AID 160100 South America Program Services SCHOLARSHIPS AND AID 230215 Sub-Saharan Africa Program Services SCHOLARSHIPS AND AID 39000 Central America and the Caribbean Investments 5787496 7275601 7275601 STUDENT FINANCIAL AID Central America and the Caribbean 9 135100 TUITION OFFS FMV STUDENT FINANCIAL AID East Asia and the Pacific 30 512180 TUITION OFFS FMV STUDENT FINANCIAL AID Europe (Including Iceland and Greenland) 16 232930 TUITION OFFS FMV STUDENT FINANCIAL AID Middle East and North Africa 1 8380 TUITION OFFS FMV STUDENT FINANCIAL AID North America 18 170200 TUITION OFFS FMV STUDENT FINANCIAL AID Russia and the Newly Independent States 5 160100 TUITION OFFS FMV STUDENT FINANCIAL AID South America 16 230215 TUITION OFFS FMV STUDENT FINANCIAL AID Sub-Saharan Africa 1 39000 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 899 10594623 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 Jeffrey Kimpton President Ex Officio Trustee 441722 0 66300 0 34846 0 29150 0 35313 0 607331 0 0 Patrick Kessel VP Finance & Operations 294816 0 29600 0 7280 0 29150 0 14068 0 374914 0 0 Edward Farraday VP Education Programs 214885 0 22000 0 0 0 25905 0 4160 0 266950 0 0 Timothy Dougherty VP Advancement 306931 0 30800 0 8431 0 29150 0 14068 0 389380 0 0 Thomas Mackey VP Student Affairs 138397 0 14000 0 0 0 7700 0 20988 0 181085 0 0 Jenie Altruda VP Communication & Engagement 173973 0 17500 0 0 0 0 0 11568 0 203041 0 0 Christopher Gruits DIR Interlochen Presents 131133 0 10720 0 0 0 15884 0 12268 0 170005 0 0 Kim Zubrickas DIR Human Resources 134138 0 10640 0 0 0 15800 0 11569 0 172147 0 0 Kedrik Merwin DIR Music 135725 0 1500 0 0 0 15133 0 11568 0 163926 0 0 Daniel Besselsen AVP Finance 129700 0 7942 0 0 0 15127 0 10947 0 163716 0 0 Cathleen Dodge Miller AVP Advancement 123439 0 24421 0 0 0 0 0 2773 0 150633 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 2015 ICA purchased three airline tickets for the president's wife, one first class, to attend the Memorial for an emeritus Trustee, a benefit for a Life Trustee, and a conference. During calendar year 2015 ICA purchased two first class plane tickets for the vice president of advancement for donor cultivation trips. The tickets were not treated as taxable compensation for the president or for the vice president of advancement. 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. KATHARINE DOUGHERTY WIFE OF VP OF ADVANCEMENT 31279 MANAGER OF INTL STUDENT/FAMILY false X 33 378387 SEE SUPPLEMENTAL 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 2015/2016 there were 523 students; 329 students received grants. FORM 990, PART III, LINE 4D EXPENSES: $2,124,379 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: $424,876 REVENUE: $589,234 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. A final draft of the form 990 is posted on an ICA intranet website that is accessible to all Board of Trustee members. The Board of Trustee members are informed via email of the draft form 990's availability online for review prior to the filing with the IRS. 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 ("ICA") 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 2015. The board of trustees annually creates an ad hoc presidential review committee. ICA'S 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 2015 for the following ICA employee positions: Vice President of Finance and Operations, Vice President of Advancement, Vice President of Media and Engagement, 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 112730 FMV