PENINSULA MUSIC FESTIVAL INC

EIN: 391691920 501(c)(3) Arts, Culture & Humanities

EPHRAIM, WI

Total Revenue
$1,113,192
Total Expenses
$978,655
Total Assets
$409,615
Net Assets
$169,415
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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
WI
Principal Officer
DAVID KEEN
Phone
9208544060
Tax Period
2023-10-01 to 2024-09-30

PENINSULA MUSIC FESTIVAL INC, founded in 1953, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $979K left a modest 12% surplus.

Mission

THE PENINSULA MUSIC FESTIVAL, INC. IS COMMITTED TO PRODUCING WORLD-CLASS PERFORMANCES REALIZED THROUGH THE PRESENTATION OF THE RECITAL SERIES, A CHAMBER MUSIC SERIES, AND THE SYMPHONY SERIES IN ADDITION TO THE PROMOTION OF MUSIC APPRECIATION, AND EDUCATION THROUGHOUT DOOR COUNTY, WISCONSIN.

Program Service Accomplishments

Program 1
Expenses: $831,108 Revenue: $160,027

THE PENINSULA MUSIC FESTIVAL, INC. (PMF) FINANCES AND PRODUCES WORLD-CLASS PERFORMANCES REALIZED THROUGH THE PRESENTATION OF THE RECITAL SERIES, A CHAMBER MUSIC SERIES, AND THE SYMPHONY SERIES IN...

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THE PENINSULA MUSIC FESTIVAL, INC. (PMF) FINANCES AND PRODUCES WORLD-CLASS PERFORMANCES REALIZED THROUGH THE PRESENTATION OF THE RECITAL SERIES, A CHAMBER MUSIC SERIES, AND THE SYMPHONY SERIES IN DOOR COUNTY, WI. PMF PRESENTS BROAD REPERTOIRE, PROMOTES YOUNG ARTISTS, AND THE APPRECIATION OF GREAT MUSIC. PMF WAS FOUNDED IN 1953 BY LORENZ HEISE, KAY WILSON, AND THOR JOHNSON WHO WAS INSPIRED BY THE EARLY MORAVIAN MUSIC FESTIVAL. CURRENTLY IN ITS 73RD SEASON, THE 90-MEMBER FESTIVAL ORCHESTRA IS COMPRISED OF PROFESSIONAL MUSICIANS WHO REPRESENT LEADING SYMPHONIC AND OPERATIC INSTITUTIONS AROUND THE WORLD, INCLUDING THOSE OF MONTREAL, TORONTO, BOSTON, HOUSTON, ST. LOUIS, MILWAUKEE, OMAHA, PITTSBURGH, HOUSTON GRAND OPERA, THE DALLAS OPERA AND LYRIC OPERA OF CHICAGO. THE FESTIVAL PRESENTS A NINE-CONCERT SYMPHONY SERIES EVERY AUGUST, WITH YEAR-ROUND PROGRAMMING THAT INCLUDES RECITAL SERIES CONCERTS, CHAMBER MUSIC PERFORMANCES, AND SPECIAL CONCERT EVENTS THAT FEATURE MEMBERS OF THE FESTIVAL ORCHESTRA AND OTHER RENOWNED ARTISTS. EACH SYMPHONY SERIES CONCERT FEATURES A GUEST ARTIST OF NATIONAL OR INTERNATIONAL STATURE, AND THE FESTIVAL ORCHESTRA IS THE ONLY PROFESSIONAL ORCHESTRA IN NORTHEAST WISCONSIN. OVER 6,000 PATRONS ATTEND THE NINE-CONCERT SYMPHONY SERIES EVERY SUMMER. IN THE LAST 30 YEARS, THE OPERATING BUDGET HAS GROWN SUBSTANTIALLY, AND THE ENDOWMENT HAS GROWN FROM $450,000 TO $6.5 MILLION OVER THE LAST 20 YEARS. THE CONSERVATIVE STRATEGY SET BY THE TRUSTEES FOCUSES LONG-TERM STABILITY RATHER THAN QUICK GROWTH, WHICH AS A STRATEGY HAS BEEN VERY SUCCESSFUL. PMF PRIDES ITSELF ON THE HIGH ARTISTIC QUALITY OF THE ORCHESTRA AND CONTINUING TO OPERATE WITH LOW ADMINISTRATIVE OVERHEAD. THE ENDOWMENT HAS CONTINUED TO GROW THROUGH STRONG, STABLE INVESTMENTS AND ADDITIONAL CONTRIBUTIONS. PMF AWARDS COLLEGE SCHOLARSHIPS EACH YEAR AND NUMEROUS SUMMER MUSIC STUDY GRANTS TO ENCOURAGE MUSIC STUDENTS TO ATTEND SUMMER CAMPS AND STUDY PRIVATELY. THIS WAS THE TENTH YEAR OF THE FESTIVAL'S $10 STUDENT/CHILDREN TICKET PROGRAM. PMF'S YEAR-ROUND PROGRAMMING HELPS TO ELEVATE THE FESTIVAL'S BRAND, INCREASE VISIBILITY, AND REMAIN RELEVANT TO THOSE ON THE PENINSULA AND BEYOND. THE EMERGING CONDUCTOR PROGRAM PROVIDES WELL-ROUNDED TRAINING AND EXPOSURE TO ASPIRING CONDUCTORS WITH A PROFESSIONAL SYMPHONY ORCHESTRA AND CONTINUES AS PART OF THE FESTIVAL'S EDUCATIONAL OUTREACH ACTIVITIES.THE PMF SUSTAINING COMMITTEE (PMF'S VOLUNTEER SOCIETY) CONTINUES TO SERVE AS THE BACKBONE OF THE ORGANIZATION. VOLUNTEERS PROVIDE THOUSANDS OF HOURS OF SERVICE TO THE ORGANIZATION BY PICKING UP GUEST ARTISTS FROM THE AIRPORT, CHAUFFEURING TO/FROM ENGAGEMENT RELATED ACTIVITIES/REHEARSALS AND PERFORMANCES, PROVIDING FOOD FOR MUSICIANS, AND WORKING AS USHERS AND PARKING ATTENDANTS FOR THE CONCERTS. FOR EVALUATION PURPOSES, THE PMF CURRENTLY USES A THREE-PHASE EVALUATION SYSTEM SET FORTH BY THE LEAGUE OF AMERICAN ORCHESTRAS. THE COMPONENTS INCLUDE: ADMINISTRATIVE - ORGANIZATIONAL STRUCTURE, BOARD, STAFF AND VOLUNTEERS AS WELL AS MARKETING AND DEVELOPMENT; FINANCIAL - PLANNING AND REPORTING; AND ARTISTIC - REPERTOIRE, OPERATIONS AND PROFESSIONAL DEVELOPMENT. PMF CONTINUES TO ACHIEVE ITS GOALS AND FULFILL ITS MISSION THANKS TO A STRONG BOARD OF DIRECTORS, A WELL-TRAINED ADMINISTRATIVE STAFF, AND A GREAT CORE OF VOLUNTEERS. THIS TRIO HAS PROVIDED THE FINANCIAL RESOURCES FOR THE PMF TO GROW WHERE IT COUNTS - IN THE QUALITY OF ITS ARTISTIC PRODUCT AND ITS OUTREACH TO THE PEOPLE IN THE COMMUNITY THAT IT SERVES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $948,455
Program Service Revenue $160,027
Investment Income $205
Other Revenue $4,505
TOTAL REVENUE $1,113,192

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $144,250
Fundraising Expenses $53,625
Program Expenses $831,108
Other Expenses $828,405
TOTAL EXPENSES $978,655

Year-over-Year Comparison

2023 2022 Change
Revenue $1,113,192 $764,343 +0.5%
Expenses $978,655 $890,232 +0.1%
Net Income $134,537 $-125,889 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
4
Volunteers
75

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$70,005
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPH PTACK PRESIDENT AND CEO 40.00
Officer
$8,255 $0 $8,255
SCOTT STOLARZ PRESIDENT AND CEO 40.00
Officer
$61,750 $0 $61,750
DAVID KEEN CHAIR 5.00
Officer Director
$0 $0 $0
WILLIAM MILLER VICE CHAIR 3.00
Officer Director
$0 $0 $0
BARB RISTAU TREASURER 3.00
Officer Director
$0 $0 $0
PAUL GRUENER SECRETARY 3.00
Officer Director
$0 $0 $0
PENNY ENROTH DIRECTOR 1.00
Director
$0 $0 $0
GAIL FISCHER DIRECTOR 1.00
Director
$0 $0 $0
LISA HARPER DIRECTOR 1.00
Director
$0 $0 $0
PETER KELTY DIRECTOR 1.00
Director
$0 $0 $0
BRUCE MCKEEFRY DIRECTOR 1.00
Director
$0 $0 $0
GWEN PORTER DIRECTOR 1.00
Director
$0 $0 $0
LEO REDDY DIRECTOR 1.00
Director
$0 $0 $0
CHARLES SCHUCHAT DIRECTOR 1.00
Director
$0 $0 $0
LINDA WEISENSEL DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,113,192 $978,655 $409,615 $134,537
2023 $764,343 $890,232 $336,910 $-125,889
2022 $585,575 $815,457 $546,129 $-229,882
2021 $499,829 $341,576 $614,092 $158,253
2020 $504,175 $342,118 $261,804 $162,057
2019 $769,376 $839,551 $86,385 $-70,175
2018 $802,444 $807,694 $125,073 $-5,250
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