Midsummers Music Ltd
- Assets
- $1.2m
- Revenue
- $588.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Sister Bay, WI
- Founding
- 11/1995
- Data as of
- 12/2021
- 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 12/2021, Midsummers Music Ltd employed 8 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 12/2021, Midsummers Music Ltd generated $588.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $494.1k during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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:
Part 3 - Line 4a
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 2021 WE PERFORMED 33 SUMMER CONCERTS AND OFFERED 100 STRING QUARTET RESIDENCY OUTREACH EVENTS. WE EXPANDED OUR COMPOSER IN RESIDENCE PROGRAM TO INCLUDE WILL HEALY, QUINN MASON AND PAUL FRUCHT WITH COMMISSIONS.
THE GRIFFON STRING QUARTET RESIDENCY REACHED 100S OF DISABLED SENIORS AND 1000SCHOOL AGE CHILDREN AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allyson Fleck Executive Director | Trustee | 60 | $75,950 |
James T Berkenstock President | OfficerTrustee | 2 | $0 |
Nancy Borghesi Treasurer | OfficerTrustee | 2 | $0 |
Ann Morgan At Large | OfficerTrustee | 1 | $0 |
Nancy Goldberg Vice President | OfficerTrustee | 2 | $0 |
Peggy Lott Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,150 |
| Related organizations | $0 |
| Government grants | $21,989 |
| All other contributions, gifts, grants, and similar amounts not included above | $440,242 |
| Noncash contributions included in lines 1a–1f | $22,317 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,381 |
| Total Program Service Revenue | $42,633 |
| Investment income | $18,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,415 |
| Net Income from Fundraising Events | -$3,774 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$395 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $588,747 |
| 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. | $75,950 |
| Compensation of current officers, directors, key employees. | $21,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,137 |
| Payroll taxes | $9,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,306 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,490 |
| Fees for services: Other | $227,266 |
| Advertising and promotion | $35,823 |
| Office expenses | $4,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,097 |
| Travel | $3,280 |
| 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 | $5,781 |
| Insurance | $2,831 |
| All other expenses | $4,231 |
| Total functional expenses | $494,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,169 |
| Savings and temporary cash investments | $107,520 |
| Pledges and grants receivable | $342 |
| Accounts receivable, net | $55,295 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,460 |
| Prepaid expenses and deferred charges | $6,705 |
| Net Land, buildings, and equipment | $18,162 |
| Investments—publicly traded securities | $932,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,194,457 |
| Accounts payable and accrued expenses | $16,335 |
| Grants payable | $0 |
| Deferred revenue | $17,650 |
| 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 | $33,985 |
| Net assets without donor restrictions | $368,472 |
| Net assets with donor restrictions | $792,000 |
| 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 | $1,194,457 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Midsummers Music Ltd has recieved totaling $14,155.
| Awarding Organization | Amount |
|---|---|
Mmg Foundation Inc Kimberly, WI PURPOSE: COMPOSER IN RESIDENCE PROGRAM | $11,000 |
Green Bay Packers Foundation Green Bay, WI PURPOSE: STRING QUARTET RESIDENCY PROGRAM | $3,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Endowment Analysis
| Beg. Balance | $740,124 |
| Earnings | $96,129 |
| Admin Expense | $5,490 |
| Net Contributions | $2,500 |
| Other Expense | $41,263 |
| Ending Balance | $792,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa County Recorders Association Ottumwa, IA | $2,929,223 | $39,789,803 |
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
University Musical Society Ann Arbor, MI | $42,227,393 | $9,895,639 |
Flint And Genesee Chamber Foundation Flint, MI | $674,613 | $5,341,436 |
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Sphinx Organization Inc Detroit, MI | $23,511,690 | $14,240,622 |
Detroit Jazz Festival Productions Inc Harper Woods, MI | $289,388 | $2,953,500 |
Detroit Jazz Festival Foundation Harper Woods, MI | $1,089,629 | $3,431,745 |
The Schubert Club St Paul, MN | $22,801,473 | $4,063,918 |
Minnetonka Youth Hockey Association Minnetonka, MN | $11,192,985 | $2,520,815 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Irving S Gilmore International Keyboard Festival Kalamazoo, MI | $14,163,453 | $2,605,010 |