2016-04-01T13:13:26-05:00 2015-05-31 381357951 PLANTE & MORAN PLLC 4444 W BRISTOL ROAD SUITE 360 FLINT MI 48507 990 2014-06-01 386159482 FLINT INSTITUTE OF MUSIC FLIN 8102381350 1025 E KEARSLEY ST FLINT MI 48503 PAUL TORRE PRESIDENT/CEO 8102381350 2016-03-28 1 PAUL BRYANT P00241185 8107675350 2014 2016-08-17 19:52:53Z PAUL TORRE 1025 E KEARSLEY ST FLINT MI 48503 11258774 0 X WWW.THEFIM.ORG X 1966 MI CHANGING LIVES THROUGH A LIFELONG CONTINUUM OF WORLD-CLASS MUSIC, THEATRE, AND DANCE. 21 21 104 657 11938 0 3390177 3677905 1634791 1436944 1610609 1385734 -27367 -43104 6608210 6457479 184115 182932 0 0 2663872 2506116 0 0 204920 3613456 3495612 6461443 6184660 146767 272819 32096780 32636431 226919 268149 31869861 32368282 X CHANGING LIVES THROUGH A LIFELONG CONTINUUM OF WORLD-CLASS MUSIC, THEATRE, AND DANCE. 0 0 1228292 219952 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. 2537245 182932 1111375 THE FLINT SCHOOL OF PERFORMING ARTS (FSPA), WITH MORE THAN 3,500 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. 956650 155373 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. 3504 5840 ALLEGRO - AUXILIARY OVER WHICH THE BOARD HAS CONTROL OF THE VOLUNTEERS WHO PROVIDE SERVICE TO FLINT INSTITUTE OF MUSIC 3504 5840 4725691 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 482 0 104 1 1 1 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X MARIANNE STUCKWISCH 8102381350 1025 E KEARSLEY ST FLINT MI 48503 ALFRED B BRADLEY TRUSTEE 1.00 X 0 0 0 BILL HENTGEN TRUSTEE 1.00 X 0 0 0 CATHY O BLIGHT SECRETARY 1.00 X X 0 0 0 CHRIS COOK TRUSTEE 1.00 X 0 0 0 DR CYRUS FARREHI TRUSTEE 1.00 X 0 0 0 GLORIA VANDUYNE TRUSTEE 1.00 X 0 0 0 HOWARD SHAND PAST CHAIRMAN 1.00 X X 0 0 0 JIM SPANGLER TRUSTEE 1.00 X 0 0 0 JUDITH WOLBERT TRUSTEE 1.00 X 0 0 0 LENNETTA B CONEY TRUSTEE 1.00 X 0 0 0 MATTHEW D TELLIGA TRUSTEE 1.00 X 0 0 0 PETE HUTCHISON TRUSTEE 1.00 X 0 0 0 ROSA WANG TRUSTEE 1.00 X 0 0 0 SAMUEL R DISMOND JR MD TRUSTEE 1.00 X 0 0 0 VINCE LORRAINE CHAIR 1.00 X X 0 0 0 DANIEL T ANBE TRUSTEE 1.00 X 0 0 0 CHRISTOPHER ESTES TRUSTEE 1.00 X 0 0 0 BRENDA FORTUNATE TRUSTEE 1.00 X 0 0 0 BRAD FOGLEMAN TRUSTEE 1.00 X 0 0 0 EILEEN LAWSOM TRUSTEE 1.00 X 0 0 0 THOMAS B LILLIE TREASURER 1.00 X X 0 0 0 MARK JACOBSON THROUGH 92414 TRUSTEE 1.00 X 0 0 0 JULIE SERRA THROUGH 92414 TRUSTEE 1.00 X 0 0 0 ROBERT S FULLER THROUGH 22515 TREASURER 1.00 X X 0 0 0 PAUL TORRE PRESIDENT & CEO 40.00 X 156548 0 21345 DAVIN TORRE FSPA DIRECTOR 40.00 X 110665 0 12216 267213 0 33561 2 0 1 0 0 550099 190642 2937164 14678 3677905 TUITION 611600 958867 958867 TICKET SALES 711190 398457 398457 MANAGEMENT FEES 561000 36739 36739 PROGRAM RELATED RENTAL INCOME 900099 15568 15568 27313 27313 1436944 916207 916207 5158394 4688867 469527 469527 469527 39736 190642 108893 -69157 -69157 17650 3535 14115 14115 PROGRAM ADVERTISING 541800 11938 11938 11938 6457479 1436944 11938 1330692 X 182932 182932 178015 140632 28482 8901 1884444 1245750 485779 152915 11844 11844 245924 169353 59815 16756 185889 135487 37340 13062 14288 14288 28295 28295 124532 124532 915095 915095 352316 333372 18944 247072 103442 130344 13286 374921 374921 287464 12710 274754 32903 8329 24574 ARTISTIC OPERATIONS 1095753 1095753 BAD DEBT 14852 7915 6937 PROFESSIONAL SERVICES A 8121 8121 6184660 4725691 1254049 204920 560997 789327 33746 323907 265152 316306 67594 51274 56603 38330 9520524 4253375 5543847 5267149 24007226 24286259 1561615 1563879 32096780 32636431 132990 212291 93929 55858 226919 268149 X 7128918 7174115 6013484 6402950 18727459 18791217 31869861 32368282 32096780 32636431 X 272819 221844 3758 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 41987 X 48234219 88913 2032245 1110328 676091 211112 48357846 44491612 89900 5525343 1035652 639515 197469 48234219 40061073 81969 6175616 1044833 616571 165642 44491612 30172738 166977 -1430789 193502 562237 105516 28047671 26096841 242141 4737540 211686 627000 65098 30172738 0.02460 0.85910 0.11640 1 0 7864460 2657618 5206842 1552579 1495909 56670 103485 99848 3637 5267149 X 6634616 221844 72567 7258 301669 6332947 124532 124532 6457479 6136195 72567 3500 76067 6060128 124532 124532 6184660 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 2015 AND 2014. ACCORDINGLY, NO TAX EXPENSE WAS INCURRED DURING THE YEARS ENDED MAY 31, 2015 AND 2014. 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, 2015 AND 2014, 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 2012 TAX YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: ELIMINATIONS FOR INTERFUND TRANSFERS 3,500. CHANGE IN VALUE OF TRUSTS HELD BY THIRD PARTY 3,758. PART XII, LINE 2D - OTHER ADJUSTMENTS: ELIMINATIONS FOR INTERFUND TRANSFERS 3,500. 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS IN ALL PRINTED MATERIALS AND PUBLICATIONS. AUCTION 181495 169790 11705 16127 26447 31958 GALA 23521 9750 13771 8111 700 5175 3 25362 11102 14260 5215 400 14760 230378 190642 39736 16127 39773 1100 51893 108893 -69157 17650 3250 285 1 0.95000 17650 3250 285 3535 14115 MI 1 0 1 0 1.00000 MICHELLE MINARIK 1025 E KEARSLEY ST FLINT MI 48503 0 MICHELLE MINARIK 4000 RECORDKEEPING, MAKING BANK DEPOSITS, GENERAL OVERSIGHT OF STAFF AND VOLUNTEERS X 0 1 SCHOLARSHIPS FOR TUITION ASSISTANCE 973 130738 MERIT SCHOLARSHIPS 146 52194 PART I, LINE 2: 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. X X X X 0 0 0 0 0 0 0 0 0 PAUL TORRE PRESIDENT & CEO 151548 0 5000 0 0 0 4697 0 16648 0 177893 0 0 0 DAVIN TORRE FAMILY MEMBER OF PAUL TORRE 122497 EMPLOYMENT 0 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 IX, LINE 11G CONTRACT ARTISTS: PROGRAM SERVICE EXPENSES 915,095. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 915,095. FORM 990, PART XI, LINE 9: UNREALIZED CHANGE IN VALUE OF TRUSTS HELD BY THIRD PARTY 3,758. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN OVERSIGHT OR SELECTION PROCESS DURING THE YEAR