2012-08-14T14:51:22-05:00 2011-09-30 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2010-10-01 366002273 RAVINIA FESTIVAL ASSOCIATION RAVI 8472665000 418 SHERIDAN ROAD HIGHLAND PARK IL 60035 WELZ KAUFFMAN 8472665000 2012-08-13 1 LU ANN TRAPP 3122071040 2012-08-13 2010 2016-02-24 21:20:13Z WELZ KAUFFMAN 418 SHERIDAN ROAD HIGHLAND PARK IL 60035 63733202 0 X WWW.RAVINIA.ORG X 1936 IL TO PRESENT WORLD-CLASS MUSIC, DANCE, THEATRE AND CULTURAL PRESENTATIONS. 79 78 780 250 154675 5074 15744003 12316180 17447962 17746451 655757 1716198 474784 283351 34322506 32062180 0 0 0 0 6996902 7576489 0 0 1428785 21821262 21731441 28818164 29307930 5504342 2754250 135907841 137699950 5112301 5316814 130795540 132383136 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 22315648 16939552 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. 1237693 38298 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. 1112660 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. 24666001 1 1 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 1 253 0 780 1 1 1 0 0 0 0 1 1 0 0 0 0 X 79 78 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 IL X RAVINIA FESTIVAL ASSOCIATION 8472665000 418 SHERIDAN ROAD HIGHLAND PARK IL 60035 WELZ D KAUFFMAN 40.00 X X 589084 0 208480 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 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 JOHN L ANDERSON 0.50 X 0 0 0 LARRY A BARDEN 0.50 X 0 0 0 MARK BERGSRUD 0.50 X 0 0 0 LAWRENCE BLOCK 0.50 X 0 0 0 LUTGART CALCOTE 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 RICHARD W COLBURN 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 SONIA FLORIAN 0.50 X 0 0 0 CAROL FORSYTE 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 CHESTER GOUGIS 0.50 X 0 0 0 JOSEPH A GREGOIRE 0.50 X 0 0 0 ARTHUR W HAHN 0.50 X 0 0 0 MATTHEW F HILZINGER 0.50 X 0 0 0 BETSY HOLDEN 0.50 X 0 0 0 KATHRYN D INGRAHAM 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 LORING W KNOBLAUCH 0.50 X 0 0 0 JEFFREY LEIDEN MD PHD 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 SUSAN R LICHTENSTEIN 0.50 X 0 0 0 HAROLD R TIP LIFVENDAHL 0.50 X 0 0 0 KARA LONGO KORTE 0.50 X 0 0 0 PAUL LOVEJOY 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 KATHRYN A MIKELLS 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 BRUCE V RAUNER 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 PAMELA B STROBEL 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 JOHN M TRINTA 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 JOHN A WING 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 146249 0 24118 PATRICIA SANDERS 40.00 X 174708 0 34441 GREGORY WALTERS 40.00 X 155639 0 30008 NICHOLAS PULLIA 40.00 X 141673 0 22755 JAMES LAING 40.00 X 140378 0 24118 SAM AMODEO 40.00 X 136775 0 41032 1484506 0 384952 10 0 1 0 CHICAGO SYMPHONY ORCHESTRA 67 E ADAMS CHICAGO IL 60064 MUSICAL 2547557 WB OLSON 3235 ARNOLD LANE NORTHBROOK IL 60062 BUILDING CONTRACTOR 2292203 LIVE NATION TOURING 9348 CIVIC CENTER DRIVE 4TH FLOOR BEVERLY HILLS CA 90210 MUSICAL 914801 CITY OF HIGHLAND PARK 1707 ST JOHNS AVE HIGHLAND PARK IL 60035 POLICE/PERMITS 849079 JJR LLC 110 MILLER AVE ANN ARBOR MI 48104 ARCHITECT 696488 41 16100 1014600 11285480 508325 12316180 ADMISSIONS 711130 16088225 16088225 PARKING 812930 650965 650965 HANDLING FEES 900099 547060 547060 FOOD SERVICE COMMISSIO 722320 390659 59954 330705 STEANS MUSIC INSTITUTE 900099 38298 38298 31244 1264 29980 17746451 1205842 1205842 95421 95421 27500 27500 27500 27500 31207800 30697444 510356 510356 510356 475205 1014600 655019 -179814 -179814 658803 318559 340244 303003 37241 32062180 16977850 154675 2613475 1082339 520456 371537 190346 5056800 3673480 753223 630097 412430 280019 94037 38374 577391 366623 116811 93957 447529 332631 70528 44370 108268 16825 86923 4520 46471 46471 212281 212281 13070695 12127732 888533 54430 1721758 1555417 6531 159810 243041 198562 12067 32412 255985 28500 227485 508375 508375 823550 673855 147957 1738 27142 9167 17975 11313 11313 2070439 2070439 278506 278506 OTHER PROFESSIONAL 812968 715704 804 96460 SOUND & LIGHTING 516538 516538 EQUIPMENT RENTAL & MAIN 478976 467420 11556 TELEPHONE 138052 25554 109098 3400 UNRELATED BUSINESS INCO 5715 5715 401368 294483 45989 60896 29307930 24666001 3213144 1428785 5553989 8287881 5686684 3607913 2946468 3323936 236134 165831 80806 41257 767413 365303 64348294 28109928 32075908 36238366 39386748 35149952 49173691 50519511 135907841 137699950 3393551 3806397 1718750 1510417 5112301 5316814 X 96516513 98496805 8882398 7521717 25396629 26364614 130795540 132383136 135907841 137699950 X 2754250 -1166654 X 0 1 1 X 0 X 13042627 12118230 13165611 15744003 13703488 67773959 15479213 16174134 17155685 18146391 18882079 85837502 28521840 28292364 30321296 33890394 32585567 153611461 600000 600000 600000 600000 643967 3043967 0 600000 600000 600000 600000 643967 3043967 150567494 3320549 2680105 2118231 1695051 1205842 11019778 3320549 2680105 2118231 1695051 1205842 11019778 31842389 30972469 32439527 35585445 33791409 164631239 0.91460 0.92320 0.06690 0.07680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 285129 X 0 85528652 1375590 533979 3609434 239875 83588912 77865714 4591962 6611267 3315734 224557 85528652 77024262 3122646 1641860 3681311 241743 77865714 0.62000 0.31000 0.07000 0 0 1 1 38513879 15390509 23123370 16763768 5697461 11066307 1115352 756892 358460 7955294 6265066 1690228 36238366 EQUITY MUTUAL FUNDS 7904556 F BANK COMMON TRUST FUNDS 18208719 F HEDGE FUNDS (MARKETABLE ALTERNATIVE) 21412628 F COMMODITY FUTURES 2993608 F 50519511 32062180 29307930 2754250 -1166654 -1166654 1587596 33361372 -1166654 1492268 973578 1299192 32062180 0 32062180 31773776 1492268 973578 2465846 29307930 0 29307930 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, 2011 AND 2010. THERE ARE NO ONGOING FEDERAL, STATE OR LOCAL TAX AUDITS; HOWEVER, THE ASSOCIATION'S TAX RETURNS FOR 2008 AND SUBSEQUENT YEARS REMAIN OPEN TO EXAMINATION. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 655,019. COST OF GOODS SOLD 318,559. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 655,019. COST OF GOODS SOLD 318,559. CENTRAL AMERICA AND THE CARIBBEAN 0 0 HEDGE FUND INVESTMENT 15589468 EUROPE 0 0 HEDGE FUND INVESTMENT 5797596 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 31139 0 0 0 0 0 0 21418203 0 21418203 1 0 0 0 0 0 GALA 942933 851800 91133 120220 154704 CRUISE 538277 162800 375477 367804 3 8595 8595 12291 1489805 1014600 475205 120220 534799 655019 -179814 X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 WELZ D KAUFFMAN 534220 0 53045 0 1819 0 199775 0 8705 0 797564 0 0 0 BERNADETTE PETRAUSKAS 140249 0 6000 0 0 0 15415 0 8703 0 170367 0 0 0 PATRICIA SANDERS 165708 0 9000 0 0 0 20622 0 13819 0 209149 0 0 0 GREGORY WALTERS 145639 0 10000 0 0 0 17147 0 12861 0 185647 0 0 0 NICHOLAS PULLIA 131673 0 10000 0 0 0 14052 0 8703 0 164428 0 0 0 JAMES LAING 130378 0 10000 0 0 0 15415 0 8703 0 164496 0 0 0 SAM AMODEO 136775 0 0 0 0 0 13677 0 27355 0 177807 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. TRAVEL FOR PARTNER OF PRESIDENT WAS PROVIDED FOR ONE OUT OF COUNTRY BUSINESS TRIP. THE COMPANION AIRFARE WAS BOOKED USING FREQUENT FLYER BENEFITS SO THERE WAS NO COST TO THE ORGANIZATION. PART I, LINE 4B THE ORGANIZATION ACCRUED $172,298 FOR ITS EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR INCREMENTALLY UNDER A VESTING SCHEDULE. X 55 308639 NYSE X EVENT FOOD & LIQOUR 92765 FAIR MARKET VALUE X AUCTION ITEMS 106921 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 SUSAN LEVY AND AUDREY RUBINSTEIN - FAMILY RELATIONSHIP BRUCE RAUNER AND DAVID KAHNWEILER - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 AFTER THE DIRECTOR OF FINANCE AND ADMINISTRATION AND OUTSIDE COUNSEL REVIEWS 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. THERE IS NO FORMAL PROCESS BY ANY ONE COMMITTEE TO MEET AND REVIEW. ALL REVIEW IS DONE INDIVIDUALLY BY THE TRUSTEES. 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 LOSSES ON INVESTMENTS: -1,166,654.