2012-11-12T14:37:05-06:00 2011-12-31 710355269 BEALL BARCLAY & COMPANY PLC CPA P O BOX 10148 FORT SMITH AR 72917 990 2011-01-01 237034152 GRAND TETON MUSIC FESTIVAL INC GRAN 3077333050 4015 NORTH LAKE CREEK DRIVE NO 100 WILSON WY 83014 MARGARETHA WALK 3077333050 2012-11-09 1 DEANA A INFIELD P00440603 4794845740 2012-11-09 2011 2016-02-24 21:20:13Z MARGARETHA WALK 4015 NORTH LAKE CREEK DRIVE NO 100 WILSON WY 83014 6056893 0 X WWW.GTMF.ORG X 1961 WY TO PROVIDE MUSIC TO RESIDENTS AND VISITORS OF THE JACKSON HOLE, WYOMING AREA. 39 39 23 150 0 0 3834333 2909383 528376 664485 383190 306688 1141258 -48080 5887157 3832476 0 0 0 0 856314 826571 0 0 186472 2977168 2997734 3833482 3824305 2053675 8171 18881724 18399210 320225 25926 18561499 18373284 TO PROVIDE MUSIC TO RESIDENTS AND VISITORS OF THE JACKSON HOLE WYOMING AREA. 0 0 3500257 704169 CONCERTS, INCLUDING CHAMBER MUSIC, SOLOISTS AND SYMPHONY ORCHESTRAS THROUGH THE SUMMER SEASON 3500257 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 298 1 1 23 1 0 0 0 0 0 0 0 0 0 0 X 39 39 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 X GRAND TETON MUSIC FESTIVAL 3077333050 4015 NORTH LAKE CREEK DRIVE 100 WILSON WY 83014 DAVID AUGE 0.00 X 0 0 0 KENNETH BEGELMAN 0.00 X 0 0 0 MERT BELL III 0.00 X 0 0 0 FRANK BELLINGHIERE 0.00 X 0 0 0 PETER BENOLIEL 0.00 X X 0 0 0 CHRISTINE COLEMAN 0.00 X 0 0 0 JOHN COSTELLO 0.00 X 0 0 0 PETER COXHEAD 0.00 X X 0 0 0 MARK DAVERIN 0.00 X X 0 0 0 LARRY FINCH 0.00 X X 0 0 0 O'ANN FREDSTROM 0.00 X X 0 0 0 LYNNE FRITZ 0.00 X 0 0 0 BAIRD GARRETT 0.00 X 0 0 0 JIM GERSACK 0.00 X X 0 0 0 JOAN GOLDFARB 0.00 X 0 0 0 CARL GOLDFISCHER 0.00 X 0 0 0 BOB GRAHAM 0.00 X 0 0 0 CHRIS HARTLEY 0.00 X X 0 0 0 DALE HILPERT 0.00 X 0 0 0 ED LIEBZEIT 0.00 X 0 0 0 ABIGAIL MOORE 0.00 X 0 0 0 SYLVIA NEIL 0.00 X 0 0 0 JOHN NYHEIM 0.00 X 0 0 0 RICK PALMER 0.00 X X 0 0 0 JOE PALMER 0.00 X 0 0 0 BOB PAULSON 0.00 X 0 0 0 LUCY RANKIN 0.00 X X 0 0 0 ARI RIFKIN 0.00 X 0 0 0 JERRY ROSE 0.00 X 0 0 0 MARTIN SCHURING 0.00 X 0 0 0 CRAIG SCHWENDER 0.00 X X 0 0 0 STANLEY SEIDLER 0.00 X 0 0 0 PETER SELKOWITZ 0.00 X X 0 0 0 JOHN SHERMAN JR 0.00 X 0 0 0 MARGOT WALK 0.00 X X 0 0 0 JOHN WHITMORE 0.00 X 0 0 0 GAIL WILLIAMS 0.00 X 0 0 0 JIM WUNSCH 0.00 X X 0 0 0 NONA YEHIA 0.00 X 0 0 0 TRACY JACOBSON 40.00 X 108893 0 10106 108893 0 10106 1 0 0 0 DAYNES MUSIC CO 6935 SOUTH STATE STREET MIDVALE UT 84047 INSTRUMENTS AND FINANCIAL SUPPORT 152325 JACKSON HOLE RESORT LODGING 3200 MCCOLLISTER DRIVE TETON VILLAGE WY 83025 LODGING AND ACCOMENDATIONS 130550 2 473596 2435787 473596 2909383 CONCERT TICKET SALES 711300 458831 458831 OTHER FESTIVAL REVENUE 711300 205654 205654 664485 239044 239044 39684 0 39684 39684 39684 1729113 13000 1668873 5596 60240 7404 67644 67644 435663 473596 549948 -114285 -114285 26521 0 26521 26521 3832476 704169 0 218924 118284 106456 11828 562142 508578 53564 9926 8437 496 993 55329 47030 2766 5533 80890 73255 7635 15962 13568 1596 798 6698 5693 670 335 15607 13266 1561 780 1136330 1136330 457264 293826 163438 77814 66142 3891 7781 13667 12471 1196 118142 106657 11485 221527 211976 8998 553 8942 8420 522 470615 442378 28237 47616 40618 2333 4665 MUSIC PROGRAM EXPENSES 146823 146823 0 0 EDUCATION & OUTREACH EX 101821 99427 798 1596 WALK FESTIVAL HALL & MU 99734 99734 0 0 MUSIC IN THE HOLE EXPEN 59172 59172 0 0 3824305 3500257 137576 186472 706 750 1281653 678401 0 0 762222 822630 39965 30668 12416508 3028577 9067600 9387931 7726017 7473548 3561 5282 18881724 18399210 320225 25926 320225 25926 X 13869073 14460728 1303995 1335282 3388431 2577274 18561499 18373284 18881724 18399210 X 8171 -196386 X X 0 1 1 X 0 X 3890473 4590735 1624174 3834333 2909383 16849098 515363 457118 294040 528376 691006 2485903 4405836 5047853 1918214 4362709 3600389 19335001 805850 805850 0 805850 805850 18529151 622703 352774 235851 239036 278728 1729092 622703 352774 235851 239036 278728 1729092 5028539 5400627 2154065 4601745 3879117 21064093 0.87970 0.91520 0.08210 0.08480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 2577274 1 1 2577274 2577274 1.00000 0 0 93085 93085 11067546 2336424 8731122 1240359 681651 558708 15518 10502 5016 9387931 3832476 3824305 8171 -163542 -32844 -196386 -188215 3680227 -163542 -163542 3843769 -11293 -11293 3832476 3835598 11293 11293 3824305 0 3824305 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FESTIVAL QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR STATE STATUTE AND IS NOT SUBJECT TO TAX AT THE ENTITY LEVEL FOR FEDERAL AND STATE INCOME TAX PURPOSES. THE FESTIVAL ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE PROVISIONS OF FASB CODIFICATION TOPIC INCOME TAXES. FASB CODIFICATION TOPIC INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND REQUIRES THE FESTIVAL TO RECOGNIZE IN THEIR FINANCIAL STATEMENTS THE IMPACT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UNDER AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ASSESSED THE TAX POSITIONS OF THE FESTIVAL AND DETERMINED THAT NO POSITIONS EXIST THAT REQUIRE ADJUSTMENT OR DISCLOSURE UNDER THE PROVISIONS OF FASB CODIFICATION TOPIC INCOME TAXES. THE FESTIVAL FILES INFORMATIONAL "RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX" (FORM 990) IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE FESTIVAL IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INFORMATIONAL RETURN EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2008. PART XII, LINE 4B - OTHER ADJUSTMENTS: BRAVO FUNDRAISING EXPENSES -11,293. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BRAVO FUNDRAISING EXPENSES 11,293. WINE AUCTION 640210 302786 337424 30306 198574 4095 305680 BRAVO/MRKTNG 269049 170810 98239 8843 550 1900 909259 473596 435663 30306 207417 4645 307580 549948 -114285 26521 0 26521 26521 WY 0 UNDER WYOMING STATE STATUTE 6-7-101, THE ORGANIZATION DOES NOT HAVE TO REGISTER THIS AS A GAMING ACTIVITY BECAUSE OF THEIR NON-PROFIT STATUS. 0 0 0 0 0 X WINE LOTS 302786 FMV X EVENT ITEMS 170810 FMV 0 0 1 THIRD PARTY USE: PART I, LINE 32B: ANY STOCK DONATIONS THAT ARE MADE GET SENT DIRECTLY TO A BROKER WHO SELLS THE SECURITIES AND DEPOSTIS THE FUNDS (LESS ANY FEES) INTO CASH OPERSTING FUND HELD BY THE GRAND TETON MUSIC FESTIVAL. FORM 990, PART VI, SECTION B, LINE 11 A COPY IS PROVIDED AND APPROVED BY THE EXECUTIVE DIRECTOR AND BOARD TREASURER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED ANNUALLY BY THE EXECUTIVE BOARD COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CERTAIN WEBSITES LIKE CHARITY NAVIGATOR FOR EXAMPLE WILL DISPLAY THE 990 TAX RETURN INFORMATION UPON FILING. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS -163,542. PRIOR PERIOD ADJUSTMENTS -32,844. TOTAL TO FORM 990, PART XI, LINE 5: -196,386. FORM 990, PART XII, LINE 2C THE OVERSIGHT PROCESS AND SELECTION PROCESS FOR CHOOSING THE INDEPENDENT ACCOUNTANT AND OVERSEEING THE AUDIT HAS NOT CHANGED FROM THE PREVIOUS YEAR.