2011-03-08T14:50:10-06:00 2010-05-31 PLANTE & MORAN PLLC 111 E COURT ST SUITE 1A FLINT MI 485021647 990 2009-06-01 386159482 FLINT INSTITUTE OF MUSIC FLIN 8102381350 1025 E KEARSLEY ST FLINT MI 48503 PAUL TORRE 8102381350 2011-02-14 1 8107675350 2009 2016-02-24 21:20:13Z PAUL TORRE 1025 E KEARSLEY ST FLINT MI 48503 9285955 0 X FLINTINSTITUTEOFMUSIC.ORG X 1966 MI CHANGING LIVES THROUGH A LIFELONG CONTINUUM OF WORLD-CLASS MUSIC, THEATRE, AND DANCE. 18 18 80 0 11243 0 5425524 3802554 1663264 1775873 -714654 -931832 72244 25017 6446378 4671612 175397 217187 0 3008619 3219812 0 230494 2091685 2246393 5275701 5683392 1170677 -1011780 30836320 34417820 321053 328939 30515267 34088881 CHANGING LIVES THROUGH A LIFELONG CONTINUUM OF WORLD-CLASS MUSIC, THEATRE, AND DANCE. 0 0 1046553 294116 PROGRAMS BY THE FLINT SYMPHONY ORCHESTRA 2510568 209287 1164735 PROGRAMS BY THE FLINT SCHOOL OF PERFORMING ARTS 880760 313642 PROGRAMS BY THE FLINT YOUTH THEATRE 9496 7200 3380 ALLEGRO - AUXILIARY OVER WHICH THE BOARD HAS CONTROL OF THE VOLUNTEERS WHO PROVIDE SERVICE TO FLINT INSTITUTE OF MUSIC 9496 7200 3380 4447377 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 231 0 1 80 1 1 1 0 0 0 0 1 1 0 0 0 18 18 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X MARIANNE STUCKWISCH 8102381350 1025 E KEARSLEY ST FLINT MI 48503 BRAD T FOGLEMAN 1.00 X X 0 0 0 JIM SPANGLER 1.00 X X 0 0 0 ALBERT KOGEL 1.00 X X 0 0 0 ROBERT S FULLER 1.00 X X 0 0 0 DALLAS C DORT 1.00 X 0 0 0 DR DANIEL T ANBE 1.00 X 0 0 0 DR MICHAEL BOUCREE 1.00 X 0 0 0 ALFRED BRUCE BRADLEY 1.00 X 0 0 0 LENNETTA CONEY 1.00 X 0 0 0 CHRIS COOK 1.00 X 0 0 0 DR SAMUEL R DISMOND J 1.00 X 0 0 0 ALMEDA HUNTER 1.00 X 0 0 0 DIANE LINDHOLM 1.00 X 0 0 0 VINCE LORRAINE 1.00 X 0 0 0 JANET E ORR 1.00 X 0 0 0 HOWARD S SHAND 1.00 X 0 0 0 BEVERLY SHOMSKY 1.00 X 0 0 0 MATTHEW TELLIGA 1.00 X 0 0 0 GLORIA VANDUYNE 1.00 X 0 0 0 DR GARY WEASE 1.00 X 0 0 0 PAUL TORRE 40.00 X 143140 0 15218 DAVIN TORRE 40.00 X 101812 0 6354 244952 0 21572 2 0 1 0 0 128185 162100 3512269 136536 3802554 TUITION 611600 913185 913185 TICKET SALES 711190 497512 497512 BENEFICIARY TRUST INCO 525920 284424 284424 MISCELLANEOUS PROGRAM 900099 40601 40601 PROGRAM RELATED RENTAL 900099 40151 40151 1775873 8865 8865 3577502 4518199 -940697 -940697 -940697 92668 128185 92668 0 17250 3476 13774 13774 NET PROGRAM ADVERTISIN 541800 11243 11243 11243 4671612 1775873 11243 -918058 217187 217187 266025 210160 42565 13300 2630960 2087509 386061 157390 169681 109758 43615 16308 153146 110626 29246 13274 1977 385 1592 24079 24079 435425 395623 39802 245602 62023 153357 30222 344270 344270 333023 56109 276914 ARTISTIC OPERATIONS 851254 851254 BAD DEBT 10743 2473 8270 MISCELLANEOUS 20 20 5683392 4447377 1005521 230494 1586033 1603834 184474 136400 87089 117359 48578 38986 9170829 2799415 6353491 6371414 10182539 11427093 12394116 14722734 30836320 34417820 171770 189288 149283 139651 321053 328939 X 5977716 8241315 983757 612306 23553794 25235260 30515267 34088881 30836320 34417820 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22525062 706440 3810628 209987 672042 63260 26096841 28160514 2517317 -7185262 169397 736418 61692 22525062 0.97000 0.03000 1 0 7605117 1320496 6284621 1461956 1390411 71545 103756 88508 15248 6371414 BENEFICIAL INTERESTS HELD BY THIRD PARTIES 14680747 ANTIQUE INSTRUMENTS 41987 14722734 4671612 5683392 -1011780 3610368 975026 4585394 3573614 4725823 54211 54211 4671612 0 4671612 5737603 54211 54211 5683392 0 5683392 Part V, Line 4: Description of Intended Use of Endowment Funds: FIM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. Part XI, Line 8 - Other Adjustments: UNREALIZED CHANGE IN VALUE OF TRUSTS HELD BY THIRD PARTY 1 1 1 IT IS IN ALL PRINTED MATERIALS. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 AUCTION 160015 107804 52211 52211 GALA 25040 8514 16526 16526 4 35798 11867 23931 23931 220853 128185 92668 92668 92668 0 17250 3250 226 1 1.00000 17250 3250 226 3476 13774 MI 1 0 0 0 1.00000 MICHELLE RICHARDSON 1025 E KEARSLEY ST FLINT MI 48503 0 0 1 SCHOLARSHIPS FOR TUITION 879 217187 X X X X 0 0 0 0 0 0 0 0 0 PAUL TORRE 133290 0 4850 0 5000 0 0 0 15218 0 158358 0 0 0 X 2 20087 FAIR MARKET VALUE X 1 14500 FAIR MARKET VALUE X MISCELLANEOUS SUPPLIES 4 9566 FAIR MARKET VALUE X PRINTED ADVERTISING 1 35000 FAIR MARKET VALUE 0 0 0 Form 990, Part VI, Section A, line 2 PAUL TORRE AND DAVIN TORRE ARE HUSBAND AND WIFE. Form 990, Part VI, Section A, line 6 INDIVIDUALS, FAMILIES, ORGANIZATIONS, OR BUSINESSES MAY BECOME MEMBERS OF FIM THROUGH AN ANNUAL FINANCIAL CONTRIBUTION. THE BOARD OF TRUSTEES SHALL PERIODICALLY DESIGNATE CATEGORIES OF MEMBERSHIP BASED ON AMOUNT OF FINANCIAL CONTRIBUTION. Form 990, Part VI, Section A, line 7a THE BOARD DEVELOPMENT COMMITTEE SHALL CIRCULATE A SLATE OF NOMINEES TO THE MEMBERSHIP AT LEAST TEN (10) DAYS PRIOR TO THE ANNUAL MEETING. ADDITIONAL NOMINATIONS MAY BE MADE BY ANY MEMBER OF FIM, IN WRITING, TO THE SECRETARY, AT LEAST FIVE (5) DAYS PRIOR TO THE MEETING. SUCH WRITTEN NOMINATIONS SHALL BE MADE WITH THE CONSENT OF THE NOMINEE. NOMINATIONS FROM THE FLOOR AT THE MEETING WILL NOT BE ACCEPTED. ELECTION OF BOARD MEMBERS AT THE ANNUAL MEETING SHALL BE BY SECRET BALLOT. Form 990, Part VI, Section B, line 11 DRAFT OF 990 WAS PRESENTED TO BOARD FOR APPROVAL. Form 990, Part VI, Section B, line 12c REVIEWED ANNUALLY AND ANY PERSON WITH CONFLICT OF INTEREST IS REQUIRED TO ABSTAIN FROM VOTING WHERE CONFLICT EXISTS. Form 990, Part VI, Section B, line 15 ANNUAL REVIEW, BOARD APPROVAL OF PROPOSED RAISES. Form 990, Part VI, Section C, line 19 UPON REQUEST FORM 990, PART XI, LINE 2C: DESCRIBE ANY CHANGE IN RESPONSIBILITY FOR OVERSIGHT OF AUDIT FROM PRIOR YR: NONE NOTED