FLINT INSTITUTE OF MUSIC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- FLINT INSTITUTE OF MUSIC (EIN 38-6159482)
- Tax period
- 2015-06-01 to 2016-05-31
- Filed
- 2017-04-14
- IRS object ID
- 201711049349300926
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-04-14T12:44:39-05:00 | ReturnTs |
| Tax Period End | 2016-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4444 W BRISTOL ROAD SUITE 360 | AddressLine1Txt |
| City | FLINT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48507 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 386159482 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FLINT INSTITUTE OF MUSIC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FLIN | BusinessNameControlTxt |
| Phone | 8102381350 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1025 E KEARSLEY ST | AddressLine1Txt |
| City | FLINT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48503 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RODNEY LONTINE | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 8102381350 | PhoneNum |
| Signature | 2017-04-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PAUL BRYANT | PreparerPersonNm |
| PTIN | P00241185 | PTIN |
| Phone | 8107675350 | PhoneNum |
| Preparation | 2017-04-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RODNEY LONTINE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1025 E KEARSLEY ST | AddressLine1Txt |
| City | FLINT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48503 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,344,227 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.THEFIM.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1966 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | CHANGING LIVES THROUGH A LIFELONG CONTINUUM OF WORLD-CLASS MUSIC, THEATRE, AND DANCE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 293 | TotalEmployeeCnt |
| Total Volunteers | 579 | TotalVolunteersCnt |
| Total Gross UBI | $15,422 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,677,905 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,310,401 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,436,944 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,406,741 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,385,734 | PYInvestmentIncomeAmt |
| CY Investment Income | $750,585 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$43,104 | PYOtherRevenueAmt |
| CY Other Revenue | $35,836 | CYOtherRevenueAmt |
| PY Total Revenue | $6,457,479 | PYTotalRevenueAmt |
| CY Total Revenue | $8,503,563 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $182,932 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $202,973 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,506,116 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,526,981 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $172,360 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,495,612 | PYOtherExpensesAmt |
| CY Other Expenses | $2,658,903 | CYOtherExpensesAmt |
| PY Total Expenses | $6,184,660 | PYTotalExpensesAmt |
| CY Total Expenses | $6,388,857 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $272,819 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,114,706 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $32,636,431 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,354,854 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $268,149 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $363,743 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $32,368,282 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $23,991,111 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CHANGING LIVES THROUGH A LIFELONG CONTINUUM OF WORLD-CLASS MUSIC, THEATRE, AND DANCE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,224,491 | ExpenseAmt |
| Revenue | $219,396 | RevenueAmt |
| Desc | THE FLINT SYMPHONY ORCHESTRA ENJOYS A RICH 96-YEAR HISTORY OF OUTSTANDING CONCERTS, STANDING OVATIONS AND PERFORMANCES THE COMMUNITY HAS COME TO LOVE AND APPRECIATE.THE FLINT SYMPHONY PERFORMS SIX CLASSICAL CONCERTS FROM SEPTEMBER THROUGH APRIL EACH YEAR. THE FSO'S INNOVATIVE PROGRAMMING IS HIGHLIGHTED WITH A DIFFERENT THEME EACH SEASON. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,636,903 | ExpenseAmt |
| Grant | $202,973 | GrantAmt |
| Revenue | $1,032,069 | RevenueAmt |
| Desc | THE FLINT SCHOOL OF PERFORMING ARTS (FSPA), WITH MORE THAN 3,700 STUDENTS, IS THE LARGEST COMMUNITY SCHOOL OF THE ARTS IN MICHIGAN, AND ONE OF THE LARGEST IN THE US. IN OUR STATE-OF-THE-ART FACILITY STUDENTS OF ALL AGES, FROM INFANTS TO SENIOR CITIZENS, DISCOVER AN AMAZING WORLD OF MUSIC AND DANCE.A CARING FACULTY OF MORE THAN 50 DEGREED ARTIST/TEACHERS GUIDE AND PROVIDE FUN AND CHALLENGING OPPORTUNITIES IN MUSIC AND DANCE, AS WELL AS ENSEMBLE AND OUTREACH PROGRAMS, FOR BEGINNERS TO ADVANCED STUDENTS FROM 21 COUNTIES ACROSS EASTERN MICHIGAN. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $978,456 | ExpenseAmt |
| Revenue | $153,142 | RevenueAmt |
| Desc | SINCE 1957, FLINT YOUTH THEATRE'S NATIONALLY-ACCLAIMED, AWARD-WINNING INTER-GENERATIONAL PROGRAMMING HAS PROVIDED FLINT AREA RESIDENTS WITH OPPORTUNITIES TO EXPERIENCE THE UNIQUE JOYS OF DISCOVERY AND SELF-EXPRESSION THROUGH THE PERFORMING ARTS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,301 | ExpenseAmt |
| Revenue | $2,134 | RevenueAmt |
| Desc | ALLEGRO - AUXILIARY OVER WHICH THE BOARD HAS CONTROL OF THE VOLUNTEERS WHO PROVIDE SERVICE TO FLINT INSTITUTE OF MUSIC | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $6,301 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $2,134 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $4,846,151 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 437 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 293 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARIANNE STUCKWISCH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8102381350 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1025 E KEARSLEY ST | AddressLine1Txt |
| City | FLINT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48503 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| ALFRED B BRADLEY | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BILL HENTGEN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CATHY O BLIGHT | |||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| CHRIS COOK | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR CYRUS FARREHI | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GLORIA VANDUYNE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM SPANGLER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LENNETTA B CONEY | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW D TELLIGA | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PETE HUTCHISON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROSA WANG | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SAMUEL R DISMOND JR MD | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| VINCE LORRAINE | |||||||
| CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DANIEL T ANBE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTOPHER ESTES | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BRENDA FORTUNATE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BRAD FOGLEMAN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| EILEEN LAWSON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS B LILLIE | |||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ELIZABETH DEAN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN C KOEGEL | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LEONARD LAROCCA | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ESSENCE WILSON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PAUL TORRE | |||||||
| PRESIDENT & CEO - THRU MAY 2016 | 40.00 | $160,048 | $0 | $22,592 | Yes (X) | ||
| DAVIN TORRE | |||||||
| FSPA DIRECTOR | 40.00 | $110,628 | $0 | $12,220 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $270,676 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $34,812 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $483,703 | MembershipDuesAmt |
| Fundraising | $127,684 | FundraisingAmt |
| Related Organizations | $369,248 | RelatedOrganizationsAmt |
| All Other Contributions | $5,329,766 | AllOtherContributionsAmt |
| Noncash Contributions | $1,674,228 | NoncashContributionsAmt |
| Total Contributions | $6,310,401 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611600 | $935,770 | $935,770 |
| TICKET SALES | 711190 | $382,211 | $382,211 |
| MANAGEMENT FEES | 561000 | $36,714 | $36,714 |
| PROGRAM RELATED RENTAL INCOME | 900099 | $22,854 | $22,854 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29,192 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,192 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,406,741 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $599,334 | TotalRevenueColumnAmt |
| Exclusion | $599,334 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,860,468 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,709,217 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $151,251 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $151,251 | TotalRevenueColumnAmt |
| Exclusion | $151,251 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $151,861 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $127,684 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $131,447 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,414 | TotalRevenueColumnAmt |
| Exclusion | $20,414 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM ADVERTISING | Desc |
| Business | 541800 | BusinessCd |
| Total Revenue Column | $15,422 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $15,422 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $15,422 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,503,563 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,406,741 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $15,422 | UnrelatedBusinessRevenueAmt |
| Exclusion | $770,999 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,973 | TotalAmt |
| Program Services | $202,973 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $177,562 | TotalAmt |
| Program Services | $140,274 | ProgramServicesAmt |
| Management And General | $28,410 | ManagementAndGeneralAmt |
| Fundraising | $8,878 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,821,420 | TotalAmt |
| Program Services | $2,119,328 | ProgramServicesAmt |
| Management And General | $581,564 | ManagementAndGeneralAmt |
| Fundraising | $120,528 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,626 | TotalAmt |
| Program Services | $854 | ProgramServicesAmt |
| Management And General | $11,772 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $272,708 | TotalAmt |
| Program Services | $177,195 | ProgramServicesAmt |
| Management And General | $73,458 | ManagementAndGeneralAmt |
| Fundraising | $22,055 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,665 | TotalAmt |
| Program Services | $191,239 | ProgramServicesAmt |
| Management And General | $40,535 | ManagementAndGeneralAmt |
| Fundraising | $10,891 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,232 | TotalAmt |
| Management And General | $14,232 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,700 | TotalAmt |
| Management And General | $26,700 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,575 | TotalAmt |
| Management And General | $120,575 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,860 | TotalAmt |
| Program Services | $202,860 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $332,527 | TotalAmt |
| Program Services | $310,225 | ProgramServicesAmt |
| Management And General | $22,302 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $244,984 | TotalAmt |
| Program Services | $88,263 | ProgramServicesAmt |
| Management And General | $146,713 | ManagementAndGeneralAmt |
| Fundraising | $10,008 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $314,475 | TotalAmt |
| Program Services | $314,475 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $275,049 | TotalAmt |
| Program Services | $10,541 | ProgramServicesAmt |
| Management And General | $264,508 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,573 | TotalAmt |
| Program Services | $13,996 | ProgramServicesAmt |
| Management And General | $31,577 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| ARTISTIC OPERATIONS | $1,063,488 | $1,063,488 | |
| BAD DEBT | $18,440 | $10,440 | $8,000 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,388,857 | TotalAmt |
| Program Services | $4,846,151 | ProgramServicesAmt |
| Management And General | $1,370,346 | ManagementAndGeneralAmt |
| Fundraising | $172,360 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $789,327 | BOYAmt |
| EOY | $1,792,383 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $323,907 | BOYAmt |
| EOY | $25,508 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $316,306 | BOYAmt |
| EOY | $282,731 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,274 | BOYAmt |
| EOY | $28,762 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,330 | BOYAmt |
| EOY | $37,916 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $9,669,872 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,528,426 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,267,149 | BOYAmt |
| EOY | $5,141,446 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,286,259 | BOYAmt |
| EOY | $16,994,074 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,563,879 | BOYAmt |
| EOY | $52,034 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,636,431 | BOYAmt |
| EOY | $24,354,854 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,291 | BOYAmt |
| EOY | $300,529 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,858 | BOYAmt |
| EOY | $63,214 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $268,149 | BOYAmt |
| EOY | $363,743 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,174,115 | BOYAmt |
| EOY | $6,913,468 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,402,950 | BOYAmt |
| EOY | $5,939,072 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,791,217 | BOYAmt |
| EOY | $11,138,571 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,368,282 | BOYAmt |
| EOY | $23,991,111 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,636,431 | BOYAmt |
| EOY | $24,354,854 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,114,706 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$731,982 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$9,759,895 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $41,987 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $48,357,846 | BeginningYearBalanceAmt |
| Contributions | $1,706,353 | ContributionsAmt |
| Investment Earnings Or Losses | -$942,458 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,126,370 | GrantsOrScholarshipsAmt |
| Other Expenditures | $650,753 | OtherExpendituresAmt |
| Administrative Expenses | $213,630 | AdministrativeExpensesAmt |
| End Year Balance | $47,130,988 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $48,234,219 | BeginningYearBalanceAmt |
| Contributions | $88,913 | ContributionsAmt |
| Investment Earnings Or Losses | $2,032,245 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,110,328 | GrantsOrScholarshipsAmt |
| Other Expenditures | $676,091 | OtherExpendituresAmt |
| Administrative Expenses | $211,112 | AdministrativeExpensesAmt |
| End Year Balance | $48,357,846 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $44,491,612 | BeginningYearBalanceAmt |
| Contributions | $89,900 | ContributionsAmt |
| Investment Earnings Or Losses | $5,525,343 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,035,652 | GrantsOrScholarshipsAmt |
| Other Expenditures | $639,515 | OtherExpendituresAmt |
| Administrative Expenses | $197,469 | AdministrativeExpensesAmt |
| End Year Balance | $48,234,219 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $40,061,073 | BeginningYearBalanceAmt |
| Contributions | $81,969 | ContributionsAmt |
| Investment Earnings Or Losses | $6,175,616 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,044,833 | GrantsOrScholarshipsAmt |
| Other Expenditures | $616,571 | OtherExpendituresAmt |
| Administrative Expenses | $165,642 | AdministrativeExpensesAmt |
| End Year Balance | $44,491,612 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,172,738 | BeginningYearBalanceAmt |
| Contributions | $166,977 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,430,789 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $193,502 | GrantsOrScholarshipsAmt |
| Other Expenditures | $562,237 | OtherExpendituresAmt |
| Administrative Expenses | $105,516 | AdministrativeExpensesAmt |
| End Year Balance | $28,047,671 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.02000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.88090 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.09910 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,013,808 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,909,640 | DepreciationAmt |
| Book Value | $5,104,168 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,552,579 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,518,009 | DepreciationAmt |
| Book Value | $34,570 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $103,485 | OtherCostOrOtherBasisAmt |
| Depreciation | $100,777 | DepreciationAmt |
| Book Value | $2,708 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,141,446 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,135,704 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$731,982 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $19,017 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$534,319 | OtherRevenueAmt |
| Revenue Not Reported | -$1,247,284 | RevenueNotReportedAmt |
| Revenue Subtotal | $8,382,988 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $120,575 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $120,575 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $8,503,563 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,292,949 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $19,017 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $5,650 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $24,667 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,268,282 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $120,575 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $120,575 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,388,857 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 4: | THE FIM HAS RECEIVED ANTIQUE MUSICAL INSTRUMENTS, WHICH ARE ON DISPLAY FOR PUBLIC VIEWING AND THE STUDENTS HAVE THE ABILITY TO USE AND VIEW THE INSTRUMENTS FOR EDUCATIONAL PURPOSES. |
| Part V, Line 4: | FIM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. |
| Part X, Line 2: | UNDER PROVISION OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE INCOME TAX REGULATIONS OF THE STATE OF MICHIGAN, FIM IS EXEMPT FROM INCOME TAXES. FIM IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THERE WAS NO NET INCOME FROM UNRELATED BUSINESS ACTIVITIES IN 2016 AND 2015. ACCORDINGLY, NO TAX EXPENSE WAS INCURRED DURING THE YEARS ENDED MAY 31, 2016 AND 2015. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY FIM AND HAS CONCLUDED THAT AS OF MAY 31, 2016 AND 2015, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FIM IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO THE 2013 TAX YEAR. |
| Part XI, Line 2d - Other Adjustments: | ELIMINATIONS FOR INTERFUND TRANSFERS 5,650. ELIMINATIONS FOR TRUSTS HELD BY THIRD PARTY -106,949. ELIMINATIONS FOR RELATED TAX-EXEMPT ORGANIZATIONS -433,020. |
| Part XII, Line 2d - Other Adjustments: | ELIMINATIONS FOR INTERFUND TRANSFERS 5,650. |
| PART V, LINE 1A | BALANCE INCLUDES ENDOWMENTS HELD BY THE COMMUNITY FOUNDATION OF GREATER FLINT FOR THE BENEFIT OF FIM. THESE FUNDS ARE NOT REFLECTED ON THE BALANCE SHEET OF FIM AS THEY DO NOT HOLD VARIANCE POWER OVER THESE ASSETS. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule E, Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | THE POLICY IS IN ALL PRINTED MATERIALS AND PUBLICATIONS. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | AUCTION | Event1Nm |
| Gross Receipts Event1 | $212,092 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $104,314 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $107,778 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $17,278 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $32,391 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $42,876 | OtherDirectExpensesEvent1Amt |
| Event2 | GALA | Event2Nm |
| Gross Receipts Event2 | $17,730 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $11,430 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $6,300 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $7,249 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $250 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $4,229 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 3 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $49,723 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $11,940 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $37,783 | GrossRevenueOtherEventsAmt |
| Cash Prizes Other Events | $3,000 | CashPrizesOtherEventsAmt |
| Food And Beverage Other Events | $6,038 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $400 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $17,736 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $279,545 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $127,684 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $151,861 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $3,000 | CashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $17,278 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $45,678 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $650 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $64,841 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $131,447 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $20,414 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| SCHOLARSHIPS FOR TUITION ASSISTANCE | 936 | $147,127 |
| MERIT SCHOLARSHIPS | 162 | $55,846 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | MERIT SCHOLARSHIPS ARE AWARDED BASED ON STUDENT'S PERFORMANCE DURING AUDITIONS. THEY ARE JUDGED BASED ON CATEGORIES OF MUSICIANSHIP, WITH THE HIGHEST SCORES BEING AWARDED SCHOLARSHIP FUNDS. TUITION ASSISTANCE IS DETERMINED BY NEED FACTORS. APPLICANT INFORMATION AND DOCUMENTATION IS INPUTTED INTO SOFTWARE USED BY COLLEGES AND UNIVERSITIES TO DETERMINE FINANCIAL AID. AMOUNT OF FUNDS AVAILABLE ARE DETERMINED BY PERFORMING ARTS DIRECTOR AND CEO. LEVEL OF SUPPORT DETERMINED BY SCORES BASED ON NEED. SCHOLARSHIPS ARE APPLIED TO EACH AWARDEE'S ACCOUNT AS A CREDIT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL TORRE | PersonNm |
| Title | PRESIDENT & CEO - THRU MAY 2016 | TitleTxt |
| Base Compensation Filing Org | $155,048 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $5,000 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $4,697 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $17,895 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $182,640 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVIN TORRE | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FAMILY MEMBER OF PAUL TORRE | RelationshipDescriptionTxt |
| Transaction | $124,724 | TransactionAmt |
| Transaction | EMPLOYMENT | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Securities Closely Held Stock SecuritiesCloselyHeldStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,674,228 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | A DRAFT OF FORM 990 WAS PRESENTED TO THE BOARD AND FINANCE COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. |
| Form 990, Part VI, Section B, line 12c | THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND ANY PERSON WITH CONFLICT OF INTEREST IS REQUIRED TO ABSTAIN FROM VOTING WHERE CONFLICT EXISTS. |
| Form 990, Part VI, Section B, line 15 | RESEARCH OF SIMILAR ORGANIZATIONS WITHIN THE STATE FOR THE RESPECTIVE POSITIONS IS PERFORMED AND EXECUTIVES ARE EVALUATED AGAINST OTHER ORGANIZATIONS' 990 DATA ANNUALLY IN JULY. THE INFORMATION IS PRESENTED TO THE BOARD CHAIR AND TO THE PRESIDENT FOR THE CEO AND ALL OTHER STAFF, RESPECTIVELY. THE INFORMATION IS EVAULATED AND RECOMMENDATIONS ARE MADE AND PUT INTO ACTION WHEN THE BUDGET IS APPROVED BY THE BOARD ANNUALLY IN MAY. |
| Form 990, Part VI, Section C, line 19 | PUBLIC VIEWING COPIES OF THE GOVERNING DOCUMENTS, ORGANIZATION POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE IN THE FINANCE OFFICE, AT BOARD MEETINGS, AND AT THE ANNUAL MEETING. |
| FORM 990, PART XII, LINE 2C: | THERE WAS NO CHANGE IN OVERSIGHT OR SELECTION PROCESS DURING THE YEAR |
| FORM 990, PART XI, LINE 8: | DURING THE YEAR IT WAS DISCOVERED THAT ASSETS HELD BY ENTITIES FILING SEPARATE FORMS 990 HAD BEEN INCLUDED IN THIS RETURN. THIS ADJUSTMENT PROPERLY REMOVES THOSE ASSETS FROM THIS RETURN. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FLINT INST OF MUSIC IRREV ENDOWMENT TRUST | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PNC BANK NA PO BOX 609 | AddressLine1Txt |
| City | PITTSBURGH | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 152309738 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 386674101 | EIN |
| Primary Activities | TO HOLD ENDOWMENT FOR FLINT INSTITUTE OF MUSIC | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 11d, III-O | PublicCharityStatusTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |