Midsummers Music Ltd
- Assets
- $1.2m
- Revenue
- $615.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Sister Bay, WI
- Founding
- 11/1995
- Data as of
- 12/2023
- EIN
- 39-1829237
Organization Overview
Midsummers Music Ltd is located in Sister Bay, WI. The organization was established in 1995. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Midsummers Music Ltd employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midsummers Music Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Midsummers Music Ltd generated $615.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $614.0k during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PERFORMING AND EDUCATING PEOPLE REGARDING CHAMBER MUSIC, BRINGING MUSIC TO THOSE THAT CAN BENEFIT THE MOST AND ENHANCING THEIR QUALITY OF LIFE.
Describe the Organization's Program Activity:
MIDSUMMER'S MUSIC IS AN ALL YEAR ROUND PERFORMING ARTS ORGANIZATION. WE HAVE A SUMMER SEASON IN DOOR COUNTY AND A FALL/WINTER/SPRING QUARTET RESIDENCY SERVING NORTHEASTERN WISCONSIN. IN 2023 WE PERFORMED 42 SUMMER CONCERTS AND OFFERED MORE THAN 100 STRING QUARTET RESIDENCY OUTREACH EVENTS. WE CONTINUED OUR COMPOSER IN RESIDENCE PROGRAM AND COMMISSIONED OUR TENTH PIECE SINCE THE ESTABLISHMENT OF THE PROGRAM. ALSO, THERE WAS A CONTINUED RECOGNITION OF LEGACY SOCIETY MEMBERS (PEOPLE NAMING US IN THEIR WILL) TO INCREASE LEGACY MEMBERSHIP. OUR MUSIC FOR FOOD CHAPTER IN DOOR COUNTY WAS ALSO PART OF ACCOMPLISHMENTS WHERE ALL PROCEEDS FROM THE CONCERT BENEFIT A LOCAL FOOD BANK TO END HUNGER IN OUR COMMUNITIES. DONATIONS ARE GIVEN VIA FOOD OR MONEY WHICH GOES TO THE LOCAL FOOD PANTRY.
THE GRIFFON STRING QUARTET RESIDENCY REACHED HUNDREDS OF DISABLED SENIORS AND OVER 1,000 SCHOOL AGE CHILDREN AND THEIR FAMILIES THROUGH IN PERSON AND VIRTUAL PERFORMANCES, SCHOOL VISITS, AND EDUCATIONAL LESSONS. RURAL COMMUNITIES IN NORTHEAST WISCONSIN ARE ALSO REACHED THROUGH PERFORMANCES BY THIS GROUP. A DIGITAL RELEASE OF THE MEMBERS OF THE GRIFFON STRING QUARTET AND SINGER/SONGWRITER ERIC LEWIS HAPPENED IN 2023. MONIES RAISED FROM THE SELLING OF THIS RELEASE ARE PLACED BACK INTO THE GROUP TO PERFORM MORE OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T Berkenstock President | OfficerTrustee | 2 | $0 |
Nancy Borghesi Director | Trustee | 1 | $0 |
Mary Hauser Secretary | OfficerTrustee | 2 | $0 |
Jean W Berkenstock Director | Trustee | 1 | $0 |
Alice Chrismer Director At Large | OfficerTrustee | 1 | $0 |
Beverly Ann Conroy Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,125 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $478,044 |
| Noncash contributions included in lines 1a–1f | $3,240 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,169 |
| Total Program Service Revenue | $115,649 |
| Investment income | $9,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $648 |
| Net Income from Fundraising Events | -$7,276 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,008 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $615,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,797 |
| Compensation of current officers, directors, key employees. | $27,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,236 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,643 |
| Payroll taxes | $10,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $289,878 |
| Advertising and promotion | $70,080 |
| Office expenses | $9,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,978 |
| Travel | $3,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,536 |
| Insurance | $2,677 |
| All other expenses | $8,012 |
| Total functional expenses | $613,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,398 |
| Savings and temporary cash investments | $34,071 |
| Pledges and grants receivable | $22,000 |
| Accounts receivable, net | $125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,797 |
| Prepaid expenses and deferred charges | $11,208 |
| Net Land, buildings, and equipment | $15,938 |
| Investments—publicly traded securities | $253,798 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $702,260 |
| Total assets | $1,195,595 |
| Accounts payable and accrued expenses | $36,796 |
| Grants payable | $0 |
| Deferred revenue | $46,334 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $83,130 |
| Net assets without donor restrictions | $400,705 |
| Net assets with donor restrictions | $711,760 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,195,595 |