2014-04-10T13:36:20-07:00 2013-05-31 135381590 BDO USA LLP 200 Ottawa Ave NW STE 300 Grand Rapids MI 49503 990 2012-06-01 381689022 INTERLOCHEN CENTER FOR THE ARTS INTE 2312767200 PO Box 199 Interlochen MI 49643 Patrick Kessel 2312767200 2014-04-11 1 Kathleen Guider P00177866 6167747000 2014-04-11 2012 2015-11-30 17:44:51Z Patrick M Kessel PO Box 199 Interlochen MI 49643 59982683 0 X www.interlochen.org X 1927 MI 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. 31 30 1410 469 69447 67547 6815716 10927080 38202071 39021855 3407531 5602960 109618 100796 48534936 55652691 10909095 10483721 0 0 20920758 22506613 0 0 1542735 13015821 13305587 44845674 46295921 3689262 9356770 128705664 146966475 40162789 40457777 88542875 106508698 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. 0 0 18053039 8964432 23231783 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, and 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 roles in a whole universe of professional endeavors. During school year 2012/2013 there were 479 students; 382 students received grants. 13359249 1519289 11509783 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 2012 there were 2,501 students, of which 549 students received grants. 2527425 2522145 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. 1805304 1065 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. 361061 407012 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. 2166365 0 408077 36106078 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 136 0 1 1410 1 1 1 1 CA CJ 0 0 0 1 1 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MI X Patrick M Kessel VP of Finance 2312767200 PO Box 199 4000 M-137 Interlochen MI 49643 Jeffrey S Kimpton 50 X X 471699 0 57077 Jo Ann Arnold 1.5 X 0 0 0 Keith W Baum 1.5 X 0 0 0 Neil M Bressler 1.5 X 0 0 0 Ralph J Cerny 1.5 X X 0 0 0 Rebecca Sen Chan 1.5 X 0 0 0 Richard F Chormann 1.5 X 0 0 0 Don V Cogman 1.5 X 0 0 0 Bruce Coppock 1.5 X 0 0 0 Andrew W Cordonnier 1.5 X 0 0 0 Carl M DeFaria 1.5 X 0 0 0 Lee W Dennison 1.5 X 0 0 0 Robert Dimmick 1.5 X 0 0 0 Douglas R Eicher 1.5 X 0 0 0 Lowell J Gruman 1.5 X 0 0 0 Stephen E Hayden 1.5 X 0 0 0 Timothy M Jackson 1.5 X 0 0 0 Sarah S Lutman 1.5 X 0 0 0 John F Manuel 1.5 X 0 0 0 Janine M Mayville 1.5 X 0 0 0 John E McGarry 1.5 X 0 0 0 Joel C McNeely 1.5 X 0 0 0 Thomas W Morris 1.5 X 0 0 0 John H Peterson 1.5 X 0 0 0 David S Rhind 1.5 X 0 0 0 Anthony Ruda 1.5 X 0 0 0 Judith D Rumelhart 1.5 X 0 0 0 Becky Ruthven 1.5 X 0 0 0 Judith B Schlabach 1.5 X 0 0 0 Sumit Sengupta 1.5 X 0 0 0 Frederick M Shepherd 1.5 X 0 0 0 James P Spica 1.5 X 0 0 0 Elliot S Weissbluth 1.5 X 0 0 0 Katherine E White 1.5 X 0 0 0 Kurtis T Wilder 1.5 X 0 0 0 Glynn Williams 1.5 X 0 0 0 Patrick Kessel 50 X 295312 0 42619 Roger Valade III 50 X 220432 0 35222 Edward Farraday 50 X 213522 0 28185 Ann Hanson 50 X 185400 0 19527 Timothy Wade 50 X 150457 0 26937 Heather Cova 50 X 25724 0 1365 Judy Root 50 X 30192 0 9761 Beth Stoner 50 X 169288 0 22472 Kedrik Merwin 50 X 126024 0 26414 Daniel Besselsen 50 X 121521 0 26656 Derek Kwan 50 X 118280 0 24517 James Bekkering 50 X 107839 0 11668 2235690 0 332420 12 0 1 0 Vell Construction 235 East 12th St Traverse City MI 49684 Construction 341052 Hirtle Callaghan & Co Five Tower Bridge Ste 500 Conshohocken PA 19428 Investment Manager 275508 Sheren Plumbing & Heating Inc 3801 Rennie School Rd Traverse City MI 49685 Plumbing & Heating 194094 Isaacson Miller 263 Summer Street Boston MA 02210 Consulting 113035 Village Press Incorporated 2779 Aero Park Drive Traverse City MI 49685 Publishing 111841 5 907 0 0 96436 54600 10775137 3408676 10927080 Student Tuition & Fees 611610 34878067 34878067 0 0 Concert Admissions 711300 2197068 2197068 0 0 Employee Housing 721000 1138853 0 0 1138853 Other Department Income 900099 596653 596653 0 0 Other Sales 900099 129009 0 0 129009 82205 0 0 82205 39021855 2314524 0 0 2314524 0 0 0 0 0 0 0 0 0 69447 0 0 0 69447 69447 0 69447 0 6181088 0 2892652 0 3288436 0 3288436 0 0 3288436 0 1468689 1437340 31349 0 0 31349 0 55652691 37671788 69447 6984376 0 0 8744921 8744921 1738800 1738800 0 0 1936203 595309 1240702 100192 0 0 0 0 16656247 13510066 2310575 835606 1186381 879445 242285 64651 1379647 1128094 190485 61068 1348135 1031892 253136 63107 0 0 0 0 125969 0 83034 42935 84850 0 84850 0 8065 0 8065 0 0 0 289183 0 289183 0 861071 741876 116305 2890 592467 9693 512041 70733 2929461 2105114 733166 91181 809469 0 809469 0 0 0 0 0 785028 652861 101079 31088 871647 447626 304202 119819 0 0 0 0 107381 46190 50963 10228 68723 0 68723 0 0 0 0 0 1794538 1435630 358908 0 250423 0 250423 0 Artist fees 1266967 1266967 0 0 Food Costs 1222058 1195373 22329 4356 Maintenance 309587 259863 39262 10462 Unrelated Business Income Tax 12000 0 12000 0 916700 316358 565923 34419 46295921 36106078 8647108 1542735 8728390 13062794 486875 497643 1843551 843213 246556 66822 0 0 0 0 0 0 994130 982480 691329 1019842 80342585 39965618 40554435 40376967 21990282 25101266 51751491 63549374 0 0 1418625 1466074 128705664 146966475 2011960 2159523 0 0 11096634 11277149 26300000 26300000 0 0 0 0 0 0 0 0 754195 721105 40162789 40457777 X 62618588 73387315 3270153 7993697 22654134 25127686 88542875 106508698 128705664 146966475 9356770 8609053 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 8065 8065 46287856 46295921 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6500 6862 7672 8065 29099 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 0 0 X X X 0 62910318 4408170 11005485 744562 1544397 0 76035014 65938366 2033608 -2996047 633853 1431756 0 62910318 53899936 3506552 10513097 617414 1363805 0 65938366 42732022 7907582 5957299 656254 2040713 0 53899936 56484482 2959933 -14481271 792694 1438428 0 42732022 0.6118 0.3305 0.0577 0 0 0 480181 480181 0 55841024 27975932 27865092 0 3041591 1598625 1442966 0 20880541 10391061 10489480 0 99248 0 99248 40376967 U.S. FIXED INCOME - CORE 7342929 F U.S. EQUITY LARGE GROWTH 13490562 F U.S. EQUITY LARGE VALUE 13389811 F INTERNATIONAL EQUITY DEVELOPED 25335558 F PRIVATE EQUITY 3990514 F 63549374 ANNUITIES PAYABLE 721105 721105 54926182 8609053 0 0 1148157 9757210 45168972 0 10483719 10483719 55652691 36960359 0 0 0 1148157 1148157 35812202 0 10483719 10483719 46295921 SchD_P03_S00_L01 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. SchD_P03_S00_L04 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. SchD_P05_S00_L04 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 three years. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d $1,437,340 Cost of Good Sold - $289,183 Investment management fees = $1,148,157 SchD_P11_S00_L04b Schedule D, Part XI, Line 4b $10,483,721 Financial Aid - $2 Rounding Difference = $10,483,719 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d $1,437,340 Cost of Good Sold - $289,183 Investment management fees = $1,148,157 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b $10,483,721 Financial Aid - $2 Rounding Difference = $10,483,719 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 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 SchE_P01_S00_L06 Schedule E, Part I, Line 6 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 another grant directly from the National Endowment for the Arts. 1 Central America and the Caribbean 0 0 Program Services SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 86620 East Asia and the Pacific 0 0 Program Services SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 680090 Europe (including Iceland and Greenland) 0 0 Program Services SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 286490 Middle East and North Africa 0 0 Program Services SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 97500 North America (including Canada and Mexico, but not the United States) 0 0 Program Services SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 321950 Russia and the newly independent States 0 0 Program Services SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 32000 South America 0 0 Program Services SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 157150 Sub-Saharan Africa 0 0 Program Services SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 77000 Central America and the Caribbean 0 0 Investments 3990514 0 0 5729314 STUDENT FINANCIAL AID Central America and the Caribbean 5 86620 Tuition offset FMV STUDENT FINANCIAL AID East Asia and the Pacific 48 680090 Tuition offset FMV STUDENT FINANCIAL AID Europe (including Iceland and Greenland) 19 286490 Tuition offset FMV STUDENT FINANCIAL AID Middle East and North Africa 5 97500 Tuition offset FMV STUDENT FINANCIAL AID North America (including Canada and Mexico, but not the United States) 13 321950 Tuition offset FMV STUDENT FINANCIAL AID Russia and the newly independent States 2 32000 Tuition offset FMV STUDENT FINANCIAL AID South America 13 157150 Tuition offset FMV STUDENT FINANCIAL AID Sub-Saharan Africa 3 77000 Tuition offset FMV 1 0 1 1 0 0 SchF_P01_S00_L02 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. 1 Student Financial Aid 823 8744921 FMV Tuition offset SchI_P01_S00_L02 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 1 1 X X X X 0 0 0 0 0 0 0 0 0 Jeffrey S Kimpton 390817 0 63882 0 17000 0 27500 0 31508 0 530707 0 0 0 Patrick Kessel 271518 0 20000 0 3794 0 27500 0 15575 0 338387 0 0 0 Roger Valade III 182632 0 37800 0 0 0 19811 0 15866 0 256109 0 0 0 Edward Farraday 195522 0 18000 0 0 0 24090 0 4551 0 242163 0 0 0 Ann Hanson 180400 0 5000 0 0 0 19527 0 456 0 205383 0 0 0 Beth Stoner 147040 0 22248 0 0 0 18377 0 4551 0 192216 0 0 0 Timothy Wade 139257 0 11200 0 0 0 16533 0 10860 0 177850 0 0 0 Kedrik Merwin 126024 0 0 0 0 0 14004 0 12866 0 152894 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Interlochen Center for the Arts (ICA) provides a residence for personal use to the president. The residence for the president is located on ICA's campus, is provided for the convenience of ICA, and the president is required to accept the lodging as a condition of his employment. The president's residence is used regularly for business related functions. As such, the benefit was not treated as taxable compensation. 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 2012 ICA purchased an airline ticket for the president's wife on three occasions. Once as part of a donor cultivation trip and twice to attend funerals of board members. The tickets were not treated as taxable compensation for the president. A The Economic Development Corporation of the Township of Green Lake 522043802 393096AB8 2004-08-11 26300000 See Schedule K, Supplemental Info 0 0 0 A 0 0 26494241 0 0 319656 0 7175169 18999416 2006 1 0 1 1 A 0 0 0 0 0 1 0 0 A 0 0 1 0 1 0 1 Pallas Capital Corp 2.0 0 0 1 A 0 SchK_P01_S00_L00f 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. SchK_P02_S00_L03 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. Byron Hanson FAMILY MEMBER OF ANN HANSON,VICE PRESIDENT OF HUMAN RESOURCES 63777 EMPLOYMENT- Byron is an Archivist for ICA, there is no direct report relationship with Ann Hanson 0 X 1 20000 Fair Market Value X 116 2878676 See Part II X 1 510000 Fair Market Value 2 0 1 0 SchM_P01_S00_L09 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. F990_P03_S00_L04d Form 990, Part III, Line 4d See Schedule O, Statement 1 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The form 990 is prepared by Interlochen Center for the Arts ("ICA") accountant and controller. 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. At his/her discretion, the chair of the board of trustees may review the draft form 990 with the chair of the audit committee. Concurrent with the aforementioned reviews, the draft of the form 990 is reviewed by ICA's external auditing firm, BDO. F990_P06_S0B_L12c Form 990, Part VI, Section B, 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 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 2012. 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 2012 for the following ICA employee positions: Vice President of Finance, Vice President of Advancement, Vice President of Media and Engagement, Vice President of Student Affairs and Vice President of Education Programs. F990_P06_S0C_L19 Form 990, Part VI, Section C, 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 CA M5W 4E1 Scholarships to advance education for students attending ICA CA 149(1)(F) Interlochen Center for the Arts 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 Canadian Friends of Interlochen c 96436 Fair market value