Civic Intelligence

Midsummers Music Ltd.

990 • Fiscal year 2015 • EIN 39-1829237

Jan 01, 2015 to Dec 31, 2015 • Filed on May 05, 2016

PO Box 1004Sister Bay, WI 54234

(920) 854-7088

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

35th percentile

0.01x

Higher debt load relative to revenue than 35% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$2,900

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

13th percentile

-13%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

25%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$757,843

Down $108,909 (-13%) from 2014

Net Assets

Down

$754,806

Down $73,976 (-8.9%) from 2014

Liabilities

Down

$3,037

Down $34,933 (-92%) from 2014

Revenue

Up

$305,296

Up $61,278 (+25%) from 2014

Expenses

Up

$393,660

Up $155,572 (+65%) from 2014

Net Income

Down

-$88,364

Down $94,294 (-1590%) from 2014

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

2015

Assets$757,843
Liabilities$3,037
Net Assets$754,806

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

2015

Revenue$305,296
Expenses$393,660
Net Income-$88,364
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 5, 2016
Return Version
2015v2.1
Gross Receipts
$351,920
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$781,437$661,831▼ $119,606
Cash and Non-Interest-Bearing Accounts$44,815$85,539▲ $40,724
Pledges and Grants Receivable$77,262--
Inventories for Sale or Use$1,330$7,263▲ $5,933
Prepaid Expenses and Deferred Charges$3,107--
Land, Buildings, and Equipment, Net$1,827$2,258▲ $431
Accounts Receivable-$500-
Savings and Temporary Cash Investments$451$452▲ $1
Total Assets$910,229$757,843▼ $152,386
Liabilities
Accounts Payable and Accrued Expenses$19,902$3,037▼ $16,865
Total Liabilities$19,902$3,037▼ $16,865
Net Assets / Fund Balance
Permanently Rstr Net Assets$835,303$758,041▼ $77,262
Unrestricted Net Assets$55,024$-3,235▼ $58,259
Total Net Assets Fund Balance$890,327$754,806▼ $135,521
Total Liabilities and Net Assets / Fund Balance$910,229$757,843▼ $152,386

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,258$7,327$9,585

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$859,150-▼ $40,258$74,166$662,282
2014$861,038-▼ $503$37,824$859,150
2013$843,210-▲ $61,122$35,000$861,038
2012$785,333$100▲ $97,997$25,860$843,210
2011$754,755$1,500▲ $59,771$19,995$785,333
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jean W BerkenstockDirectorPT$2,900$2,900
James T BerkenstockPresidentPT$2,000$2,000

Board Members and Trustees

NameTitle
Carl M ZapffeDirector
Cynthia SchaulisDirector
Judy WidenDirector
Karl KlugDirector
Peggy LottDirector
Sue JacobsDirector
Carole KraemerMember at La
Carmen WittSecretary
John StittTreasurer
Michael J SchmitzVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$213,098
Program Service Revenue
$82,064
Investment Income
$6,905
Other Revenue
$3,229
All Other Contributions
$208,144
Change in Net Assets
$-88,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$304,070
Salaries, Compensation, and Employee Benefits$89,590
Total Fundraising Expense$23,151
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$81,050--$81,050
Other Salaries and Wages$19,614$39,229$19,615$78,458
Office Expenses$32,258$6,907$1,793$40,958
Advertising$33,519--$33,519
All Other Expenses$522$10,478-$11,000
Payroll Taxes$1,558$3,116$1,558$6,232
Other Expenses$7,933$5,183$185$5,183
Current Officers, Directors, Trustees, and Key Employees$4,900--$4,900
Fees for Services Accounting-$3,703-$3,703
Insurance-$3,028-$3,028
Occupancy-$2,500-$2,500
Depreciation Depletion$1,556--$1,556
Travel$92$1,120-$1,212
Interest-$301-$301
Information Technology$158--$158
Total Functional Expenses$294,036$76,473$23,151$393,660
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,896
Fundraising Direct Expenses$10,162
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
25th Anniversar$11,925$8,971$7,333$1,638
Musical Chair F$5,925$5,925$2,829$3,096
Total Events$17,850$14,896$10,162$4,734
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Frank DaytonFormer DirectorOccupancy RentNo$2,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Midsummer's music ltd is not a membership organizaton. Members to the board of directors are selected by existing members of the board

Form 990, Page 6, Part VI, Line 11B

Irs 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.

Form 990, Page 6, Part VI, Line 12C

REVIEW AT BOARD MEETING

Form 990, Page 6, Part VI, Line 15A

The 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.

Form 990, Page 6, Part VI, Line 15B

Officers 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.

Form 990, Page 6, Part VI, Line 19

Upon request; guidestar.org

Filing and Contact Details

Filer

Filer Name
MIDSUMMER'S MUSIC LTD
EIN
39-1829237
Phone
9208547088
Address
PO BOX 1004, SISTER BAY, WI 54234

Signing Officer

Name
James T Berkenstock
Title
President
Phone
9208547088
Signed
2016-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James T Berkenstock
Formed
1995
Legal Domicile
Wi
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
68

Preparer

Firm
Kerberrose Sc
Address
PO BOX 229 10568 COUNTRY WALK LN, SISTER BAY, WI 54234
Preparer
Lori K Wimmer
Phone
9208542379
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990, Page 1, Part I, Line 6

Reception hosts; parking assistants

Form 990, Part IX, Line 11G

Assistant artistic director 10,000 0 0 musicians 71,050 0 0

Raw XML AppendixShowing 400 of 494 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE 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.
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm025TH ANNIVERSAR
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0MUSICAL CHAIR F
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IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0FRANK DAYTON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FORMER DIRECTOR
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/SupplementalInformationDetail/ExplanationTxt1RECEPTION HOSTS; PARKING ASSISTANTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MIDSUMMER'S MUSIC LTD IS NOT A MEMBERSHIP ORGANIZATON. MEMBERS TO THE BOARD OF DIRECTORS ARE SELECTED BY EXISTING MEMBERS OF THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IRS 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/SupplementalInformationDetail/ExplanationTxt4REVIEW AT BOARD MEETING

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