Civic Intelligence

Midsummers Music Ltd.

990 • Fiscal year 2016 • EIN 39-1829237

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 09, 2017

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.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

67th percentile

10%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$14,500

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

68th percentile

9.2%

Faster asset growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

45th percentile

0.9%

Faster revenue growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$827,687

Up $69,844 (+9.2%) from 2015

Net Assets

Up

$824,514

Up $69,708 (+9.2%) from 2015

Liabilities

Up

$3,173

Up $136 (+4.5%) from 2015

Revenue

Up

$307,976

Up $2,680 (+0.9%) from 2015

Expenses

Down

$276,384

Down $117,276 (-30%) from 2015

Net Income

Up

$31,592

Up $119,956 (+136%) from 2015

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

2016

Assets$827,687
Liabilities$3,173
Net Assets$824,514

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

2016

Revenue$307,976
Expenses$276,384
Net Income$31,592
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$310,135
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$661,831$678,565▲ $16,734
Savings and Temporary Cash Investments$452$85,498▲ $85,046
Cash and Non-Interest-Bearing Accounts$85,539$55,385▼ $30,154
Inventories for Sale or Use$7,263$7,184▼ $79
Land, Buildings, and Equipment, Net$2,258$1,055▼ $1,203
Accounts Receivable$500--
Total Assets$757,843$827,687▲ $69,844
Liabilities
Accounts Payable and Accrued Expenses$3,037$3,173▲ $136
Total Liabilities$3,037$3,173▲ $136
Net Assets / Fund Balance
Permanently Rstr Net Assets$758,041$758,041→ $0
Unrestricted Net Assets$-3,235$66,473▲ $69,708
Total Net Assets Fund Balance$754,806$824,514▲ $69,708
Total Liabilities and Net Assets / Fund Balance$757,843$827,687▲ $69,844

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,055$8,530$9,585

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$662,282-▲ $57,291$36,352$678,565
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Allyson FleckDirector-$14,500$14,500
Jean W BerkenstockDirectorPT$1,000$1,000

Board Members and Trustees

NameTitle
James T BerkenstockPresident
Arlene JohnsonDirector
Beverly Ann ConwayDirector
Carl M ZapffeDirector
Cynthia SchaulisDirector
Nancy GoldbergDirector
Carole KraemerMember at La
Judy WidenMember at La
Peggy LottSecretary
John StittTreasurer
Michael J SchmitzVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$219,312
Program Service Revenue
$68,443
Investment Income
$19,217
Other Revenue
$1,004
All Other Contributions
$215,312
Change in Net Assets
$31,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,948
Salaries, Compensation, and Employee Benefits$86,436
Total Fundraising Expense$21,692
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,050$40,101$20,050$80,201
Fees for Services Other$69,050$5,300-$74,350
Office Expenses$42,581$4,739$83$47,403
Advertising$20,438--$20,438
Fees for Services Accounting-$7,576-$7,576
Payroll Taxes$1,558$3,118$1,559$6,235
All Other Expenses$1,924$2,809-$4,733
Insurance-$3,068-$3,068
Travel$986$1,302-$2,288
Other Expenses$16,226$1,986-$1,986
Occupancy-$1,875-$1,875
Depreciation Depletion$1,203--$1,203
Information Technology$293--$293
Total Functional Expenses$174,309$80,383$21,692$276,384
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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-
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
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James T Berkenstock
Formed
1995
Legal Domicile
Wi
Voting Board Members
13
Independent Board Members
13
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

Musicians 59,050 5,300 0 artistic director 10,000 0 0 total 69,050 5,300 0

Raw XML AppendixShowing 400 of 475 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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IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CONCERT EXPENSES - OTHER
IRS990/OtherExpensesGrp/Desc1TRUST FEES
IRS990/OtherExpensesGrp/Desc2SALES TAX
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/PrincipalOfficerNm0JAMES T BERKENSTOCK
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0790980
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022943
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89140
IRS990ScheduleA/PublicSupportPY170Pct00.87320
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0213098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt091501
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0135916
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0131153
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0790980
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt04
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0678565
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt057291
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt036352
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt08530
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01055
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0FRANK DAYTON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FORMER DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OCCUPANCY RENT
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/SupplementalInformationDetail/ExplanationTxt6OFFICERS 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/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST; GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MUSICIANS 59,050 5,300 0 ARTISTIC DIRECTOR 10,000 0 0 TOTAL 69,050 5,300 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true

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