Civic Intelligence

Midsummers Music Ltd.

990 • Fiscal year 2013 • EIN 39-1829237

Nov 01, 2012 to Oct 31, 2013 • Filed on Apr 28, 2014

PO Box 1004Sister Bay, WI 54234
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.05x

Higher debt load relative to assets than 50% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

69th percentile

0.16x

Higher debt load relative to revenue than 69% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

29th percentile

-4.3%

Higher net margin than 29% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

61st percentile

6.5%

Faster asset growth than 61% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

80th percentile

35%

Faster revenue growth than 80% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2011 to 2013

Assets

Up

$844,999

Up $51,340 (+6.5%) from 2012

Net Assets

Up

$801,304

Up $45,530 (+6.0%) from 2012

Liabilities

Up

$43,695

Up $5,810 (+15%) from 2012

Revenue

$265,938

No earlier filing loaded for comparison.

Expenses

Up

$277,445

Up $72,644 (+35%) from 2012

Net Income

-$11,507

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $763,976Liabilities 2011: $38,343Net Assets 2011: $725,6332011Assets 2012: $793,659Liabilities 2012: $37,885Net Assets 2012: $755,7742012Assets 2013: $844,999Liabilities 2013: $43,695Net Assets 2013: $801,3042013Assets 2014: $866,752Liabilities 2014: $37,970Net Assets 2014: $828,7822014Assets 2015: $757,843Liabilities 2015: $3,037Net Assets 2015: $754,8062015Assets 2016: $827,687Liabilities 2016: $3,173Net Assets 2016: $824,5142016Assets 2017: $893,000Liabilities 2017: $4,348Net Assets 2017: $888,6522017Assets 2018: $800,706Liabilities 2018: $4,293Net Assets 2018: $796,4132018Assets 2019: $944,887Liabilities 2019: $15,202Net Assets 2019: $929,6852019Assets 2020: $1,046,433Liabilities 2020: $17,716Net Assets 2020: $1,028,7172020Assets 2021: $1,194,457Liabilities 2021: $33,985Net Assets 2021: $1,160,4722021Assets 2022: $1,071,356Liabilities 2022: $69,274Net Assets 2022: $1,002,0822022Assets 2023: $1,195,595Liabilities 2023: $83,130Net Assets 2023: $1,112,4652023Assets 2024: $1,250,296Liabilities 2024: $81,895Net Assets 2024: $1,168,4012024

Highlighted filing

2013

Assets$844,999
Liabilities$43,695
Net Assets$801,304

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $146,457Expenses 2011: $185,462Net Income 2011: -$39,0052011Expenses 2012: $204,8012012Revenue 2013: $265,938Expenses 2013: $277,445Net Income 2013: -$11,5072013Revenue 2014: $244,018Expenses 2014: $238,088Net Income 2014: $5,9302014Revenue 2015: $305,296Expenses 2015: $393,660Net Income 2015: -$88,3642015Revenue 2016: $307,976Expenses 2016: $276,384Net Income 2016: $31,5922016Revenue 2017: $358,240Expenses 2017: $323,631Net Income 2017: $34,6092017Revenue 2018: $372,708Expenses 2018: $386,921Net Income 2018: -$14,2132018Revenue 2019: $543,704Expenses 2019: $493,849Net Income 2019: $49,8552019Revenue 2020: $444,290Expenses 2020: $399,305Net Income 2020: $44,9852020Revenue 2021: $588,747Expenses 2021: $494,141Net Income 2021: $94,6062021Revenue 2022: $493,735Expenses 2022: $507,709Net Income 2022: -$13,9742022Revenue 2023: $615,045Expenses 2023: $613,985Net Income 2023: $1,0602023Revenue 2024: $694,655Expenses 2024: $694,023Net Income 2024: $6322024

Highlighted filing

2013

Revenue$265,938
Expenses$277,445
Net Income-$11,507
Jump To
Filing Snapshot
Filing Period
Nov 1, 2012 to Oct 31, 2013
Signed
Apr 28, 2014
Return Version
2012v2.3
Gross Receipts
$269,458
Mission and Program Overview

Mission

The concert performances are intended to develop audiences for classical chamber music and educate them to the wide variety of literature available to such an ensemble and to demonstrate the unique intimacy between audience and musicians one can experience at the concerts.

Filing and Contact Details

Filer

EIN
39-1829237
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IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0JAMES JEAN BERKENSTOCK
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson1FRANK DAYTON
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson2FRANK DAYTON
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0DIRECTORS
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship1FORMER DIRECTOR
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship2FORMER DIRECTOR
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues0false
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues1false
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues2false
IRS990ScheduleL/LoanTable/ApprovedByBoard0true
IRS990ScheduleL/LoanTable/BalanceDue025000
IRS990ScheduleL/LoanTable/Default0false
IRS990ScheduleL/LoanTable/LoanToOrganization0X
IRS990ScheduleL/LoanTable/NamePerson0NOTE PAYABLE - FRANK DAYTON
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount025000
IRS990ScheduleL/LoanTable/PurposeOfLoan0CASH FLOW
IRS990ScheduleL/LoanTable/WrittenAgreement0true
IRS990ScheduleL/TotalBalanceDue025000
IRS990ScheduleO/GeneralExplanation/Explanation0THE CONCERT PERFORMANCES ARE INTENDED TO DEVELOP AUDIENCES FOR CLASSICAL CHAMBER MUSIC AND EDUCATE THEM TO THE WIDE VARIETY OF LITERATURE AVAILABLE TO SUCH AN ENSEMBLE AND TO DEMONSTRATE THE UNIQUE INTIMACY BETWEEN AUDIENCE AND MUSICIANS ONE CAN EXPERIENCE AT THE CONCERTS.
IRS990ScheduleO/GeneralExplanation/Explanation1RECEPTION HOSTS; PARKING ASSISTANTS
IRS990ScheduleO/GeneralExplanation/Explanation2JIM AND JEAN BERKENSTOCK DOUG SCHULTZ DIRECTORS DIRECTOR RESIDENTAL RENTAL RELATIONSHIP
IRS990ScheduleO/GeneralExplanation/Explanation3MIDSUMMER'S MUSIC LTD IS NOT A MEMBERSHIP ORGANIZATON. MEMBERS TO THE BOARD OF DIRECTORS ARE SELECTED BY EXISTING MEMBERS OF THE BOARD
IRS990ScheduleO/GeneralExplanation/Explanation4IRS FORM 990 REVIEW PROCESS:THE MIDSUMMER'S MUSIC FESTIVAL IRS FORM 990 IS TO BE REVIEWED AS FOLLOWS: A DRAFT OF THE PROPOSED FINAL IRS FORM 990 WILL BE PROVIDED TO THE MIDSUMMER'S MUSIC FESTIVAL'S FINANCE COMMITTEE FOR THE COMMITTEE'S REVIEW AND COMMENT. FOLLOWING ANY REVISIONS MADE AS A RESULT OF THE COMMITTEE'S REVIEW, THE FINAL IRS FORM 990 (INCLUDING ALL SCHEDULES AND DONOR INFORMATION) WILL BE MADE AVAILABLE TO THE MIDSUMMER'S MUSIC FESTIVAL BOARD OF DIRECTORS NO LATER THAN TWO WEEKS BEFORE IT IS SUBMITTED TO THE IRS. THIS WILL BE DONE BY PROVIDING AN ELECTRONIC COPY TO EACH BOARD DIRECTOR VIA EMAIL OR BY POSTING THE 990 TO A SECURE PORTION OF THE MIDSUMMER'S MUSIC FESTIVAL WEBSITE OR THE WEBSITE OF THE IRS FORM 990 PREPARER THAT THE BOARD DIRECTORS COULD ACCESS. A COPY OF THE FINAL IRS FORM 990 WILL BE AVAILABLE TO THE GENERAL PUBLIC, EXCLUDING ANY CONFIDENTIAL DONOR INFORMATION.
IRS990ScheduleO/GeneralExplanation/Explanation5ANNUAL REVIEW AT BOARD MEETING
IRS990ScheduleO/GeneralExplanation/Explanation6THE BOARD OF DIRECTORS DOES REVIEW EACH EMPLOYEE'S COMPENSATION AND PERFORMANCE AND APPROVES ANY CHANGES. COMPARABILITY INFORMATION FOR THE REGION OF EMPLOYMENT IS UTILIZED IN DETERMINING COMPENSATION.
IRS990ScheduleO/GeneralExplanation/Explanation7OFFICERS DO NOT RECEIVE COMPENSATION. THE BOARD OF DIRECTORS DOES REVIEW ALL OTHER EMPLOYEE COMPENSATION AND PERFORMANCE AND APPROVES ANY CHANGES. COMPARABILITY INFORMATION FOR THE REGION OF EMPLOYMENT IS UTILIZED IN DETERMINING COMPENSATION.
IRS990ScheduleO/GeneralExplanation/Explanation8UPON REQUEST; GUIDESTAR.ORG
IRS990ScheduleO/GeneralExplanation/Explanation9UNREALIZED GAINS ON INVESTMENTS - DCCF 57,037

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.25$0.08$1.17$0.69$0.69$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.20$0.08$1.11$0.62$0.61$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.07$0.07$1.00$0.49$0.51$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.03$1.16$0.59$0.49$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.05$0.02$1.03$0.44$0.40$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.94$0.02$0.93$0.54$0.49$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.37$0.39$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.36$0.32$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.82$0.31$0.28$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.75$0.31$0.39$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.87$0.04$0.83$0.24$0.24$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.04$0.80$0.27$0.28$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.04$0.76$0.20
2011Summary only. Only limited summary data is available for this year.$0.76$0.04$0.73$0.15$0.19$0.04