2013-04-12T13:16:53-05:00 2012-05-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2011-06-01 381689022 INTERLOCHEN CENTER FOR THE ARTS INTE 2312767200 PO BOX 199 INTERLOCHEN MI 496430199 PATRICK M KESSEL 2312767200 2013-04-10 1 VICKI L VANDENBERG CPA P00100422 2695674500 2011 2016-03-07 17:11:31Z PATRICK M KESSEL PO BOX 199 INTERLOCHEN MI 496430199 50749612 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. 33 32 1385 395 66558 65358 6842719 6815716 35931582 38202071 1807832 3407531 100453 109618 44682586 48534936 9422496 10909095 0 0 19558000 20920758 0 0 1327614 11898856 13015821 40879352 44845674 3803234 3689262 131438102 128705664 39743047 40162789 91695055 88542875 X INTERLOCHEN CENTER FOR THE ARTS ENGAGES AND INSPIRES PEOPLE WORLDWIDETHROUGH EXCELLENCE IN EDUCATIONAL, ARTISTIC AND CULTURAL PROGRAMS,ENHANCING THE QUALITY OF LIFE THROUGH THE UNIVERSAL LANGUAGE OF THEARTS. 0 0 17642694 9461561 22722244 INTERLOCHEN ARTS ACADEMY, THE NATION'S FIRST AND FOREMOST BOARDING FINEARTS HIGH SCHOOL, UNITES STUDENTS WITH OTHERS WHO VALUE THEIR HIGHESTASPIRATIONS, CREATING A CLOSE-KNIT ARTISTS' COMMUNITY. FIVE HUNDRED OFTHE WORLD'S MOST TALENTED AND MOTIVATED YOUNG ARTISTS STUDY MUSIC,DANCE, THEATRE, VISUAL ARTS, CREATIVE WRITING AND MOTION PICTURE ARTSIN A COLLEGE-LIKE SETTING. THEY FIND IN THE ACADEMY A FAST-PACED,CREATIVE ENVIRONMENT THAT CHALLENGES, INSPIRES AND FOCUSES THEIRTALENTS. WHILE PRODUCING MORE THAN 250 ARTISTIC PRESENTATIONS IN THESCHOOL YEAR, ACADEMY STUDENTS ALSO MASTER A RIGOROUS COLLEGEPREPARATORY ACADEMIC CURRICULUM THAT PREPARES THEM TO TAKE PROMINENTROLES IN A WHOLE UNIVERSE OF PROFESSIONAL ENDEAVORS. DURING SCHOOLYEAR 2011/2012 THERE WERE 483 STUDENTS; 390 STUDENTS RECEIVED GRANTS. 13055593 1447534 11539769 THE WORLD'S PREMIER SUMMER ARTS PROGRAM FOR ASPIRING ARTISTS GRADES 3THROUGH 12. INTERLOCHEN ARTS CAMP ATTRACTS STUDENTS, FACULTY AND STAFFFROM ALL 50 U.S. STATES,AND MORE THAN 40 COUNTRIES. THE WORLD'S BESTAND BRIGHTEST STUDENTS TRAIN INTENSIVELY WITH WORLD CLASS INSTRUCTORSAND PRODUCE MORE THAN 400 PRESENTATIONS EACH SUMMER IN DANCE, THEATER,CREATIVE WRITING, VISUAL ARTS, MOTION PICTURE ARTS AND MUSIC. DURINGSUMMER 2011 THERE WERE 2,599 STUDENTS, OF WHICH 590 STUDENTS RECEIVEDGRANTS. 2469977 2222569 INTERLOCHEN PRESENTS BRINGS A WORLD OF SUPERB PRESENTATIONS TO THEDOORSTEP OF NORTHWEST LOWER MICHIGAN, ENHANCING THE REGION'S POSITIONON THE GLOBAL ARTS MAP. MORE THAN 600 EVENTS EACH YEAR BY STUDENTS,FACULTY AND DISTINGUISHED GUEST ARTISTS MAKE INTERLOCHEN ONE OF THENATION'S LARGEST ARTS PRESENTERS. THERE IS A COMBINED SEATING CAPACITYOF 12,500 AND APPROXIMATELY 130,000 ATTENDEES ANNUALLY. 1764269 2746 INTERLOCHEN PUBLIC RADIO THROUGH TWO LISTENER-SUPPORTED BROADCAST SERVICES, INTERLOCHEN PUBLIC RADIO 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. 352854 410079 INTERLOCHEN COLLEGE OF CREATIVE ARTS OFFERS AN ENGAGING - AND EVOLVING- SERIES OF CLASSES AND PROGRAMS FOR ADULTS CALLED "INTERLOCHEN FORLIFE." MEMBERS OF THE INTERLOCHEN COMMUNITY - OF ALL AGES - THRIVE ONOPPORTUNITIES TO LEARN AND EXPRESS THEMSELVES CREATIVELY AND ON THESTRONG RELATIONSHIPS THAT RESULT FROM SUCH MEANINGFUL ENDEAVORS. 2117123 412825 35285387 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 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 1 146 0 1 1385 1 1 1 1 CJ CA 0 0 0 1 1 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X PATRICK M KESSEL VP OF FINANCE 2312767200 4000 M-137 PO BOX 199 INTERLOCHEN MI 496430199 JEFFREY S KIMPTON 50.00 X X 477754 0 56588 WILLIAM T ALLDREDGE 1.50 X 0 0 0 JO ANN ARNOLD 1.50 X 0 0 0 KEITH W BAUM 1.50 X X 0 0 0 NEIL M BRESSLER 1.50 X 0 0 0 RALPH J CERNY 1.50 X 0 0 0 REBECCA-SEN CHAN 1.50 X 0 0 0 DON V COGMAN 1.50 X 0 0 0 BRUCE COPPOCK 1.50 X X 0 0 0 CARL M DEFARIA 1.50 X 0 0 0 LEE W DENNISON 1.50 X 0 0 0 KENNETH C FISCHER 1.50 X 0 0 0 RICHARD F CHORMANN 1.50 X 0 0 0 STEVE HAYDEN 1.50 X 0 0 0 JOHN F MANUEL 1.50 X 0 0 0 JOHN E MCGARRY 1.50 X 0 0 0 JOEL C MCNEELEY 1.50 X 0 0 0 THOMAS W MORRIS 1.50 X 0 0 0 JOHN H PETERSON 1.50 X 0 0 0 DAVID RHIND 1.50 X 0 0 0 JUDITH DOW TOWSLEY RUMELHART 1.50 X 0 0 0 JUDITH B SCHLABACH 1.50 X 0 0 0 SUMIT SENGUPTA 1.50 X 0 0 0 JAMES P SPICA 1.50 X 0 0 0 ELLIOT WEISSBLUTH 1.50 X 0 0 0 KATHERINE E WHITE 1.50 X 0 0 0 HON KURTIS T WILDER 1.50 X 0 0 0 SARAH S LUTMAN 1.50 X 0 0 0 JANINE B MAYVILLE 1.50 X 0 0 0 ROBERT DIMMICK 1.50 X 0 0 0 LOWELL J GRUMAN 1.50 X 0 0 0 TIMOTHY M JACKSON 1.50 X 0 0 0 DOUGLAS R EICHER 1.50 X 0 0 0 ANTHONY C RUDA 1.50 X 0 0 0 ANDREW W CORDONNIER 1.50 X 0 0 0 THOMAS M PAULSON 50.00 X 80525 0 21484 ANN L HANSON 50.00 X 175592 0 19019 TIMOTHY WADE 50.00 X 146586 0 27515 JUDY ROOT 50.00 X 52955 0 11853 PATRICK M KESSEL 50.00 X 273117 0 42116 EDWARD FARRADAY 50.00 X 205023 0 27000 BETH STONER 50.00 X 167130 0 21940 ROGER VALADE III 50.00 X 166039 0 25116 DEREK KWAN 50.00 X 128155 0 25217 KEDRIK MERWIN 50.00 X 122498 0 26082 DAN BESSELSEN 50.00 X 114274 0 30459 2109648 0 334389 12 0 1 0 BLUE CROSS BLUE SHEILD PO BOX 660820 DALLAS TX 75266 GROUP HEALTH INSURANCE 1867358 VELL CONSTRUCTION 235 EAST 12TH ST TRAVERSE CITY MI 49684 CONSTRUCTION 938549 HIRTLE CALLAGHAN & CO FIVE TOWER BRIDGE STE 500 CONSHOHOCKEN PA 19428 INVESTMENT MANAGER 266662 SHEREN PLUMBING & HEATING INC 3801 RENNIE SCHOOL RD TRAVERSE CITY MI 49685 PLUMBING & HEATING 247755 CADILLAC INSURANCE CENTER INC 932 NORTH MITCHELL STREET CADILLAC MI 49601 INSURANCE 231544 7 29520 8500 6777696 645965 6815716 STUDENT TUITION & FEES 611610 34429445 34429445 CONCERT ADMISSIONS 711300 2031834 2031834 EMPLOYEE HOUSING 721000 1086191 1086191 OTHER DEPARTMENT INCOM 900099 436128 436128 OTHER SALES 900099 138281 138281 80192 80192 38202071 1830477 1830477 66558 0 66558 66558 66558 2233370 656316 1577054 1577054 1577054 1601420 1558360 43060 43060 48534936 36897407 66558 4755255 9011260 9011260 1897835 1897835 1663675 508042 1090643 64990 15539163 12694654 2135229 709280 1011436 768018 190160 53258 1409963 993291 372882 43790 1296521 1023983 221233 51305 74693 42453 32240 70575 70575 7672 7672 268806 268806 798045 731778 55188 11079 586923 11967 504321 70635 3170570 2206663 900072 63835 701123 701123 747808 622245 95932 29631 1230736 500701 594627 135408 67978 46289 17723 3966 29334 29334 1820795 1456636 364159 247669 247669 FOODS 1267153 1236412 23213 7528 ARTIST FEES 1095645 1095645 MAINTENANCE 297437 248628 40690 8119 UNRELATED BUSINESS INCO 9203 9203 523656 231340 249766 42550 44845674 35285387 8232673 1327614 12304758 8728390 478423 486875 1997611 1843551 54500 246556 1111879 994130 655902 691329 78736230 38181795 40507775 40554435 22254058 21990282 50663862 51751491 1409334 1418625 131438102 128705664 2135891 2011960 10598653 11096634 26300000 26300000 708503 754195 39743047 40162789 X 65259617 62618588 5271734 3270153 21163704 22654134 91695055 88542875 131438102 128705664 X 3689262 -6841442 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7672 7672 44838001 44845673 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6375 6500 6862 7672 27409 250000 250000 250000 250000 1000000 1500000 X X X 0 65938366 2033608 -2996047 633853 1431756 62910318 53899936 3506552 10513097 617414 1363805 65938366 42732022 7907582 5957299 656254 2040713 53899936 56484482 2959933 -14481271 792694 1438428 42732022 0.62110 0.37890 0 0 480181 480181 54621837 26727257 27894580 2982835 1527271 1455564 20614371 9927267 10687104 37006 37006 40554435 U.S. FIXED INCOME - CORE 7026415 F U.S. EQUITY LARGE GROWTH 12402821 F U.S. EQUITY LARGE VALUE 10461580 F INTERNATIONAL EQUITY DEVELOPED 19055817 F PRIVATE EQUITY 2804858 F 51751491 ANNUITIES PAYABLE 754195 754195 48534936 44845674 3689262 -6841442 -6841442 -3152180 32073953 -6841442 1289554 -5551888 37625841 10909095 10909095 48534936 35226133 1289554 1289554 33936579 10909095 10909095 44845674 PART III, LINE 1A: IN 1969, LELAND B. GREENLEAF, PRESIDENT OF THE CONN CORPORATION, DONATED A LARGE COLLECTION OF MUSICAL INSTRUMENTS TO INTERLOCHEN CENTER FOR THE ARTS. THE COLLECTION CONSISTS OF 250 INSTRUMENTS AND A COMPLETE SET OF BRASS MOUTH PIECES. MANY OF THE INSTRUMENTS WERE MADE BEFORE 1900. THE LELAND B. GREENLEAF COLLECTION WAS APPRAISED RECENTLY WITH A VALUE OF APPROXIMATELY $275,000. 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CENTER IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, THE CENTER IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). ANNUALLY, THE CENTER PAYS AN INSIGNIFICANT AMOUNT OF UBIT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE CERTAIN TAX POSITIONS TAKEN BY THE CENTER AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX 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 THE CENTER AND HAS CONCLUDED THAT AS OF MAY 31, 2012 AND 2011, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CENTER IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY PERIODS IN PROGRESS. THE CENTER BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS PRIOR TO JUNE 1, 2008. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,558,360. INVESTMENT MANAGEMENT FEES -268,806. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 10,909,095. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,558,360. INVESTMENT MANAGEMENT FEES -268,806. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 10,909,095. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 INTERLOCHEN CENTER FOR THE ARTS ("ICA") RECEIVES 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. NORTH AMERICA - CANADA AND MEXICO 0 0 SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 395800 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 94100 SOUTH AMERICA - ARGENTINA, BOLIVIA, 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 189925 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 79115 MIDDLE EAST AND NORTH AFRICA - 0 0 SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 155000 SUB-SAHARAN AFRICA - ANGOLA, 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 26000 EAST ASIA AND THE PACIFIC - 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 930895 RUSSIA & THE NEWLY INDEPENDENT STATES - 0 0 SCHOLARSHIPS AND FINANICAL ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION. 27000 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS 2804858 0 0 0 0 0 0 1897835 2804858 4702693 STUDENT FINANCIAL AID NORTH AMERICA 27 395800 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID CENTRAL AMERICA & CARIBBEAN 6 94100 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID SOUTH AMERICA 15 189925 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID EUROPE 9 79115 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID MIDDLE EAST & NORTH AFRICA 8 155000 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 1 26000 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID EAST ASIA & PACIFIC 65 930895 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 STUDENT FINANCIAL AID RUSSIA 2 27000 CASH NOT AWARDED, GRANT OFFSETS TUITION OWED 0 1 0 1 1 0 0 1 STUDENT FINANCIAL AID 847 9011260 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE GRANTS AWARDED BY INTERLOCHEN CENTER FOR THE ARTS ARE SCHOLARSHIPS FOR HIGH SCHOOL OR CAMP STUDENTS. SCHOLARSHIPS ARE NOT PAID OUT IN THE FORM OF CASH BUT RATHER USED TO OFFSET THE TUITION OWED FOR THE STUDENT. AS SUCH, THERE IS NO PROCEDURE NECESSARY FOR MONITORING THE GRANTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JEFFREY S KIMPTON 422754 0 55000 0 0 0 26950 0 31562 0 536266 0 0 0 ANN L HANSON 162077 0 13515 0 0 0 19019 0 450 0 195061 0 0 0 TIMOTHY WADE 136286 0 10300 0 0 0 17372 0 16952 0 180910 0 0 0 PATRICK M KESSEL 254117 0 19000 0 0 0 26950 0 15616 0 315683 0 0 0 EDWARD FARRADAY 186023 0 19000 0 0 0 22880 0 4570 0 232473 0 0 0 BETH STONER 145530 0 21600 0 0 0 17820 0 4570 0 189520 0 0 0 ROGER VALADE III 153559 0 12480 0 0 0 10230 0 15335 0 191604 0 0 0 DEREK KWAN 108155 0 20000 0 0 0 12731 0 12883 0 153769 0 0 0 PART I, LINE 1A ICA PROVIDES A RESIDENCE FOR PERSONAL USE TO THE PRESIDENT AND VICE PRESIDENT OF STUDENT SERVICES. THE RESIDENCE FOR THE PRESIDENT AND VICE PRESIDENT OF STUDENT SERVICES ARE LOCATED ON ICA'S CAMPUS, ARE PROVIDED FOR THE CONVENIENCE OF ICA, AND THE PRESIDENT AND VICE PRESIDENT OF STUDENT SERVICES 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 MADE A GROSS-UP PAYMENT TO THE PRESIDENT WHICH WAS TREATED AS TAXABLE COMPENSATION. THE PAYMENT WAS MADE IN LIEU OF ICA'S ABILITY TO MAKE A FULL RETIREMENT PLAN CONTRIBUTION DUE TO THE INTERNAL REVENUE SERVICE'S CONTRIBUTION LIMITS. THE ECONOMIC DEVELOPMENT CORPORATION OF THE TOWNSHIP OF GREEN LAKE 522043802 393096AB8 2004-08-11 26300000 SEE SCHEDULE K, SUPPLEMENTAL INFORMATION FOR DESCRIPTION OF PURPOSE 0 0 0 26494241 319656 7175169 18999416 2006 1 0 1 1 0 0 0 0 1 0 1 0 1 PALLAS CAPITAL CORPORATION 2.000000000000 0 0 1 SCHEDULE K SUPPLENTAL INFORMATION REFUND $16,100,000 BOND ISSUE OF JUNE 1997. REFUND $2,850,000 BANK TERM NOTE. CONSTRUCT CREATIVE WRITING BUILDING, ADDITION TO HARVEY THEATRE BUILDING, MISCELLANEOUS RENOVATIONS AND CAPITAL ITEMS. BYRON HANSON FAMILY MEMBER OF ANN HANSON,VICE PRESIDENT OF HUMAN RESOURCES 59500 EMPLOYMENT- BYRON IS AN ARCHIVIST FOR INTERLOCHEN CENTER FOR THE ARTS, THERE IS NOT A DIRECT REPORT RELATIONSHIP WITH ANN HANSON. 0 X 42 645965 SEE PART II 0 1 0 THIRD PARTY USE: PART I, LINE 32B: SCHEDULE M, PART 1, COLUMN (D) 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 VI, SECTION B, LINE 11 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, PLANTE & MORAN, PLLC ("PLANTE & MORAN"). WHEN THE FORM 990 IS FINALIZED, IT IS SIGNED BY THE VICE PRESIDENT OF FINANCE AND PLANTE & MORAN, AS THE "PREPARER". 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. 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 2011. 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. THE COMMITTEE MAKES COMPENSATION RECOMMENDATIONS TO THE FULL BOARD OF TRUSTEES WHICH THEN VOTES ON THE MATTER. THIS PROCESS WAS LAST UNDERTAKEN IN OCTOBER 2011 FOR THE FOLLOWING ICA EMPLOYEE POSITIONS: VICE PRESIDENT OF HUMAN & INSTITUTIONAL RESOURCES, 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -6,841,442. PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. CANADIAN FRIENDS OF INTERLOCHEN (CORP #4436407) 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 1 0 0 1 0 0 0 0