2013-08-13T16:38:25-05:00 2012-09-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2011-10-01 366002273 RAVINIA FESTIVAL ASSOCIATION RAVI 8472665000 418 SHERIDAN ROAD HIGHLAND PARK IL 60035 WELZ KAUFFMAN 8472665000 2013-08-13 1 LU ANN TRAPP P01506476 3122071040 2013-08-13 2011 2016-02-25 16:41:14Z WELZ KAUFFMAN 418 SHERIDAN ROAD HIGHLAND PARK IL 60035 69799198 0 X WWW.RAVINIA.ORG X 1936 IL TO PRESENT WORLD-CLASS MUSIC, DANCE, THEATRE AND CULTURAL PRESENTATIONS. 74 73 751 250 153052 801 12316180 12535310 17746451 18925476 1716198 1521355 283351 196661 32062180 33178802 0 0 0 0 7576489 8126768 0 0 1681607 21731441 22034368 29307930 30161136 2754250 3017666 137699950 149221217 5316814 4433885 132383136 144787332 X RAVINIA IS AN INTERNATIONALLY RENOWNED, NOT-FOR-PROFIT MUSIC FESTIVAL THAT PRESENTS OUTSTANDING PERFORMANCES BY THE WORLD'S GREATEST ARTISTS. RAVINIA'S PRINCIPAL OBJECTIVES ARE: -TO PRESENT PERFORMANCES OF A FULL RANGE OF CLASSICAL MUSIC IN ITS OPEN-AIR PAVILION AND ENCLOSED RECITAL HALLS, BY THE WORLD'S GREATEST COMPOSERS AND MUSICIANS, ALONG WITH A VARIETY OF OTHER KINDS OF LIGHT CLASSICAL, JAZZ AND POPULAR MUSIC. -TO MAINTAIN A BEAUTIFUL PARK THAT IS WELCOMING TO ALL AND ATTRACTIVE TO FAMILIES IN WHICH THE MUSIC EXPERIENCE IS ENHANCED BY A BEAUTIFUL ENVIRONMENT AND EXCELLENT DINING OPPORTUNITIES.-TO ENABLE GIFTED YOUNG PERFORMERS TO STUDY UNDER GREAT TEACHERS AND PERFORM IN CONCERT SETTINGS.AND TO DEVELOP BROADER AND MORE DIVERSE AUDIENCES FOR CLASSICAL MUSIC THROUGH EDUCATION AND OUTREACH PROGRAMS AND BY MAINTAINING AFFORDABLE TICKET PRICES. 0 0 23355758 18800670 FOUNDED IN 1904, RAVINIA IS THE OLDEST OUTDOOR MUSIC FESTIVAL IN NORTH AMERICA AND PRESENTS A WIDE-RANGING SERIES OF CONCERTS REACHING APPROXIMATELY 600,000 VISITORS OF DIVERSE BACKGROUNDS EACH SUMMER SEASON. CLASSICAL MUSIC IS CENTRAL TO THE MISSION OF RAVINIA, WHICH HAS HOSTED THE CHICAGO SYMPHONY ORCHESTRA IN SUMMER RESIDENCE SINCE 1936. RAVINIA ANNUALLY PRESENTS MORE THAN 120 SEPARATE EVENTS OVER THE SUMMER MONTHS OF JUNE THROUGH SEPTEMBER. CONCERTS RANGE FROM POP, JAZZ, WORLD MUSIC, DANCE AND MUSIC THEATER, WITH A SPECIAL EMPHASIS ON CLASSICAL MUSIC. RAVINIA HAS ALSO DEVELOPED EXTENSIVE EDUCATION AND COMMUNITY PARTNERSHIP PROGRAMS, RETURNING MUSIC TO BUDGET-STRAPPED SCHOOLS IN CHICAGO'S UNDER-SERVED NEIGHBORHOODS AND OPERATING A COMMUNITY CONSERVATORY IN LAWNDALE. 1264314 31363 RAVINIA OPERATES A PROFESSIONAL STUDIES WING, THE STEANS MUSIC INSTITUTE, THROUGH WHICH SERIOUS ARTISTS AROUND THE WORLD COMPETE FOR COVETED SLOTS TO HONE THEIR PERFORMANCE TECHNIQUES WITH CELEBRATED MUSIC MASTERS. STEANS IS A RIGOROUS AND ACCLAIMED STUDY PROGRAM IN WHICH THE FINEST UP-AND-COMING MUSICIANS CAN STUDY WITH THE MASTER OF THEIR FIELDS, OFTEN THE VERY ARTISTS PERFORMING AT RAVINIA. PARTICIPANTS GIVE A COMBINATION OF FREE CONCERTS PRIOR TO PAID EVENTS AT RAVINIA FESTIVAL, AS WELL AS LOW-PRICED STAND-ALONE CONCERTS, AFFORDING THEM THE OPPORTUNITY TO EXPERIENCE AUDIENCE REACTION WHILE PROVIDING RAVINIA AUDIENCES A CHANCE TO WITNESS TOMORROW'S STARS TODAY. 1205820 THROUGH RAVINIA'S REACH*TEACH*PLAY EDUCATION PROGRAMS, OVER 75,000 PEOPLE ARE SERVED EACH YEAR IN THE CHICAGO PUBLIC SCHOOLS AND BEYOND, ENSURING THAT GREAT MUSIC REMAINS ACCESSIBLE TO ALL. RAVINIA PROVIDES PROGRAMS THAT ACCESS AND SPARK A CURIOSITY TO LEARN MORE ABOUT MUSIC. PROGRAMS ARE OFFERED THAT EXPAND THE UNDERSTANDING AND ENJOYMENT OF MUSIC AND PROGRAMS THAT FOSTER THE DEVELOPMENT OF YOUNG MUSICIANS THROUGH TRAINING AND ENCOURAGMENT. 25825892 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 249 0 1 751 1 1 1 0 0 0 0 1 1 0 0 0 0 X 74 73 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X RAVINIA FESTIVAL ASSOCIATION 8472665000 418 SHERIDAN ROAD HIGHLAND PARK IL 60035 WELZ D KAUFFMAN 40.00 X X 600317 0 238090 ROBERT D KREBS 5.00 X X 0 0 0 JOHN C BERGHOFF JR 3.00 X X 0 0 0 JAMES T GLERUM JR 3.00 X X 0 0 0 JEFFREY LEIDEN MD PHD 3.00 X X 0 0 0 KELLY GRIER 3.00 X X 0 0 0 JAMES D ABRAMS 0.50 X 0 0 0 HOWARD ACKERMAN 0.50 X 0 0 0 KEENE ADDINGTON 0.50 X 0 0 0 AARON E ALT 0.50 X 0 0 0 LARRY A BARDEN 0.50 X 0 0 0 MARK BERGSRUD 0.50 X 0 0 0 DEBRA A CAFARO 0.50 X 0 0 0 JANE D CASPER 0.50 X 0 0 0 ADELA CEPEDA 0.50 X 0 0 0 STEPHEN M CHIPMAN 0.50 X 0 0 0 DON CIVGIN 0.50 X 0 0 0 JEANNE M DENISON 0.50 X 0 0 0 CHRISTOPHER A DEVENY 0.50 X 0 0 0 ANNETTE G DEZELAN 0.50 X 0 0 0 TADASHI ENAMI 0.50 X 0 0 0 CLIFTON FENTON 0.50 X 0 0 0 JOHN C FORTSON 0.50 X 0 0 0 MICHAEL M FROY 0.50 X 0 0 0 MARK D GERSTEIN 0.50 X 0 0 0 MICHAEL R GERVASIO 0.50 X 0 0 0 LOUIS B GOLDMAN 0.50 X 0 0 0 HOWARD L GOTTLIEB 0.50 X 0 0 0 JOSEPH A GREGOIRE 0.50 X 0 0 0 JEFFREY C HAMMES 0.50 X 0 0 0 BETSY HOLDEN 0.50 X 0 0 0 RICHARD D JOHNSON 0.50 X 0 0 0 DAVID R KAHNWEILER 0.50 X 0 0 0 EMILY T KNIGHT 0.50 X 0 0 0 KARA LONGO KORTE 0.50 X 0 0 0 MARCUS LEMONIS 0.50 X 0 0 0 RICHARD H LENNY 0.50 X 0 0 0 GARY J LEVIN 0.50 X 0 0 0 SUSAN C LEVY 0.50 X 0 0 0 HAROLD R TIP LIFVENDAHL 0.50 X 0 0 0 JAMES W MABIE 0.50 X 0 0 0 HOLLY W MADIGAN 0.50 X 0 0 0 ALAN R MAY 0.50 X 0 0 0 LUCY R MINOR 0.50 X 0 0 0 TONI-MARIE MONTGOMERY 0.50 X 0 0 0 MARY MORELAND 0.50 X 0 0 0 CHRISTOPHER NOON 0.50 X 0 0 0 DANIELA O'LEARY-GILL 0.50 X 0 0 0 ALICE M PETERSON 0.50 X 0 0 0 DALE R PINKERT 0.50 X 0 0 0 DANIEL H REISNER 0.50 X 0 0 0 LARRY D RICHMAN 0.50 X 0 0 0 PETER ROBERTS 0.50 X 0 0 0 AUDREY C RUBINSTEIN 0.50 X 0 0 0 MICHAEL J SACKS 0.50 X 0 0 0 E SCOTT SANTI 0.50 X 0 0 0 JANA R SCHREUDER 0.50 X 0 0 0 STEPHEN N SEHLER 0.50 X 0 0 0 JOSEPH T SEMINETTA 0.50 X 0 0 0 RICHARD L SEVCIK 0.50 X 0 0 0 ALEJANDRO SILVA 0.50 X 0 0 0 JENNIFER W STEANS 0.50 X 0 0 0 AVY H STEIN 0.50 X 0 0 0 JOHN A STEPAN 0.50 X 0 0 0 THOMAS H STONE 0.50 X 0 0 0 RICHARD P TOFT 0.50 X 0 0 0 REV RICHARD L TOLLIVER 0.50 X 0 0 0 PAUL B UHLENHOP 0.50 X 0 0 0 MARK A WAGNER 0.50 X 0 0 0 MICHAEL WAKS 0.50 X 0 0 0 J RANDALL WHITE 0.50 X 0 0 0 CHRISTOPHER L WILLIAMS 0.50 X 0 0 0 THOMAS C WRIGHT 0.50 X 0 0 0 PAUL G YOVOVICH 0.50 X 0 0 0 BERNADETTE PETRAUSKAS 40.00 X 165169 0 25988 PATRICIA SANDERS 40.00 X 185726 0 41425 GREGORY WALTERS 40.00 X 160011 0 34288 NICHOLAS PULLIA 40.00 X 128435 0 21785 SAM AMODEO 40.00 X 133551 0 40065 JAMES LAING 40.00 X 146627 0 32300 1519836 0 433941 9 0 1 0 WB OLSON 3235 ARNOLD LANE NORTHBROOK IL 60062 BUILDING CONTRACTOR 4239099 CHICAGO SYMPHONY ORCHESTRA 67 E ADAMS CHICAGO IL 60064 MUSICAL 2829326 DANETTE INC 1547 6TH STREET SUITE 100 SANTA MONICA CA 90401 MUSICAL 781114 LEVY RESTAURANTS 7994 COLLECTIONS CENTER ROAD CHICAGO IL 60693 CATERING 547111 LION CUB INC 1600 DIVISION STREET 620 NASHVILLE TN 37203 MUSICAL 501750 49 15120 1066950 464000 10989240 584157 12535310 ADMISSIONS 711130 16533126 16533126 PARKING 812930 658413 658413 HANDLING FEES 900099 540940 540940 FOOD SERVICE COMMISSIO 722320 512228 67759 444469 SPONSOR RECOGNITION 900099 302390 302390 378379 343679 34700 18925476 1091392 1091392 91651 91651 25950 0 25950 25950 25950 36278806 35848843 429963 429963 429963 271781 1066950 454830 -183049 -183049 578832 316723 262109 237466 24643 33178802 17957601 153052 2532839 825037 316940 349627 158470 5693931 4198534 831889 663508 368053 303291 11744 53018 780587 399848 293095 87644 459160 340350 71009 47801 82498 81001 1497 41200 41200 205299 205299 12365269 12216598 93963 54708 1422971 1227464 7489 188018 2210250 1909289 212772 88189 246014 28500 215224 2290 535765 535765 1064952 852540 195478 16934 295299 2055 293244 7625 7625 2414139 2414139 EQUIPMENT RENTAL & MAIN 704524 704524 LANDSCAPE AND GROUNDS 131291 131291 UNRELATED BUSINESS INCO 3724 3724 303548 241040 36222 26286 30161136 25825892 2653637 1681607 8287881 9156093 3607913 3779936 3323936 2638550 165831 74130 41257 62793 365303 413949 67739676 30069620 36238366 37670056 35149952 43290105 50519511 52135605 137699950 149221217 3806397 3131802 1510417 1302083 5316814 4433885 X 98496805 106651909 7521717 9768787 26364614 28366636 132383136 144787332 137699950 149221217 X 3017666 9386530 X 0 1 1 X 0 X 12118230 13165611 15744003 13703488 12535310 67266642 16174134 17155685 18146391 18882079 19776089 90134378 28292364 30321296 33890394 32585567 32311399 157401020 600000 600000 600000 643967 949623 3393590 0 600000 600000 600000 643967 949623 3393590 154007430 2680105 2118231 1695051 1205842 1208993 8908222 2680105 2118231 1695051 1205842 1208993 8908222 30972469 32439527 35585445 33791409 33520392 166309242 0.92600 0.91460 0.05360 0.06690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 320129 X 0 83588912 2191184 10903331 3849733 209529 92624165 85528652 1375590 533979 3609434 239875 83588912 77865714 4591962 6611267 3315734 224557 85528652 77024262 3122646 1641860 3681311 241743 77865714 0.61000 0.31000 0.08000 0 0 1 1 39047551 16481520 22566031 19025720 6291730 12733990 1129640 823817 305823 8536764 6472553 2064211 37670056 EQUITY MUTUAL FUNDS 4728093 F BANK COMMON TRUST FUNDS 20684820 F HEDGE FUNDS (MARKETABLE ALTERNATIVE) 23182052 F COMMODITY FUTURES 3540640 F 52135605 33178802 30161136 3017666 9386530 9386530 12404196 46072338 9386530 2735453 771553 12893536 33178802 0 33178802 33668142 2735453 771553 3507006 30161136 0 30161136 PART III, LINE 4: A DISPLAY OF OUTDOOR SCULPTURES ARE AVAILABLE FOR CONCERT GOERS TO ENJOY WHILE STROLLING THROUGH THE PARK OR PICNICKING ON THE LAWN BEFORE PERFORMANCES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION'S APPLICATION OF GAAPUSA REGARDING UNCERTAIN TAX POSITIONS HAD NO EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE ASSOCIATION HAS NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS, INCLUDING ANY POTENTIAL RISK OF LOSS OF ITS NOT-FOR-PROFIT TAX STATUS. THE ASSOCIATION WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. HOWEVER, THE ASSOCIATION HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF SEPTEMBER 30, 2012 AND 2011. THERE ARE NO ONGOING FEDERAL, STATE OR LOCAL TAX AUDITS; HOWEVER, THE ASSOCIATION'S TAX RETURNS FOR 2009 AND SUBSEQUENT YEARS REMAIN OPEN TO EXAMINATION. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 454,830. COST OF GOODS SOLD 316,723. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 454,830. COST OF GOODS SOLD 316,723. CENTRAL AMERICA AND THE CARIBBEAN 0 0 HEDGE FUND INVESTMENT 16763298 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 HEDGE FUND INVESTMENT 6418754 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 0 0 0 0 0 0 23182052 0 23182052 0 0 0 0 0 0 GALA 853580 749573 104007 287770 GOLF EVENT 223449 167377 56072 56072 2 261702 150000 111702 110988 1338731 1066950 271781 454830 454830 -183049 X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 WELZ D KAUFFMAN 552952 0 45000 0 2365 0 228944 0 9146 0 838407 0 0 0 BERNADETTE PETRAUSKAS 158169 0 7000 0 0 0 16851 0 9137 0 191157 0 0 0 PATRICIA SANDERS 170726 0 15000 0 0 0 20665 0 20760 0 227151 0 0 0 GREGORY WALTERS 150011 0 10000 0 0 0 16771 0 17517 0 194299 0 0 0 NICHOLAS PULLIA 128435 0 0 0 0 0 12639 0 9146 0 150220 0 0 0 SAM AMODEO 133551 0 0 0 0 0 0 0 40065 0 173616 0 0 0 JAMES LAING 137627 0 9000 0 0 0 15017 0 17283 0 178927 0 0 0 PART I, LINE 1A FIRST CLASS AIR TRAVEL FOR PRESIDENT AND CEO IS ALLOWED ON OCCASION. THE FIRST CLASS UPGRADE IS NORMALLY PROVIDED THROUGH USE OF COMPLIMENTARY UPGRADE CERTIFICATES. PART I, LINE 4B THE ORGANIZATION ACCRUED $204,528 FOR ITS PRESIDENT AND CEO UNDER A SUPPLEMENTAL DEFERRED COMPENSATION PLAN FOR THE CURRENT YEAR. THE FUNDS ARE SUBJECT TO THE ORGANIZATION'S CREDITORS. BENEFITS UNDER THE PLAN VEST TO THE PRESIDENT AND CEO INCREMENTALLY UNDER A VESTING SCHEDULE. X 47 341763 NYSE X EVENT FOOD AND LIQUOR 62292 FAIR MARKET VALUE X AUCTION ITEMS 180642 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 SUSAN LEVY AND AUDREY RUBINSTEIN - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 AFTER THE DIRECTOR OF FINANCE AND OUTSIDE COUNSEL REVIEW THE 990 FOR ACCURACY, ALL TRUSTEES OF THE RAVINIA FESTIVAL ARE EMAILED OR MAILED A COPY OF THE 990 FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MAILED OUT TO ALL TRUSTEES AT THE BEGINNING OF EACH CALENDAR YEAR. IT IS REQUESTED THAT A FORM BE RETURNED STATING EITHER "NO EXCEPTIONS" OR DISCLOSURE OF ANY POTENTIAL CONFLICTS. ANY DISCLOSURE OF POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE FORWARDED TO THE DIRECTOR OF FINANCE AND ADMINISTRATION AND SUBSEQUENTLY THE CHAIR OF THE AUDIT COMMITTEE FOR REVIEW. IN NO CASE HAS IMMEDIATE CORRECTIVE ACTION BEEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 RAVINIA HAS A BOARD COMPENSATION COMMITTEE THAT ANNUALLY REVIEWS STAFF SALARY LEVELS AND APPROVES THE CHAIRMAN'S RECOMMENDATION FOR PRESIDENT AND CEO COMPENSATION. THE COMPENSATION COMMITTEE IS INDEPENDENT OF THE PARTIES WHOSE COMPENSATION IS BEING DETERMINED. THE COMPENSATION COMMITTEE HAS REVIEWED 990 COMPENSATION DATA FOR OTHER CULTURAL INSTITUTIONS AND COMPENSATION SURVEY DATA FROM A LEADING CONSULTING FIRM IN THE AREA. ALL DETERMINATIONS ARE DOCUMENTED WITHOUT ANY INTERESTED PARTIES PRESENT. PERIODICALLY THE COMPENSATION LEVELS FOR KEY EMPLOYEES AND ALL OTHER STAFF POSITIONS ARE ANALYZED AGAINST VARIOUS BENCHMARKS. THE COMPENSATION IS DETERMINED INDEPENDENT OF THE PARTIES WHOSE COMPENSATION IS BEING DETERMINED AND DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE HANDED OUT TO ALL TRUSTEES AT THE ANNUAL MEETING. ALL MEMBERS NOT IN ATTENDANCE GET THE REPORTS MAILED TO THEM. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 9,386,530.