Midsummer's Music Ltd
Nonprofit profile at a glance
- EIN
- 391829237
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2023
- Location
- Sister Bay, WI, USA
- Phone
- 9208547088
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $694,655
- Expenses
- $694,023
- Assets
- $1,250,296
- Liabilities
- $81,895
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- JAMES BERKENSTOCK (PRESIDENT)
- BEVERLY ANN CONROY (VICE-PRESIDENT)
- ALLYSON FLECK (EXECUTIVE DIRECTOR)
Highest reported compensation
- ALLYSON FLECK (EXECUTIVE DIRECTOR): $94,845 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to present world-class chamber music at the highest standards of artistic excellence that enriches audiences near and far by sharing dynamic, distinctive and engaging performances. We are actively committed to accessibility and intentional inclusivity in all aspects of our work and continually strive to provide all people with opportunities to connect with the music we perform.
What it reported doing in 2024
Midsummer's music is a year-round chamber music performing arts organization dedicated to enriching northeastern Wisconsin'scultural landscape. We have a summer season in door county and a fall, winter, and spring string quartet residency seasonthroughout the region.in 2024, we presented 50 summer and fall concerts and over 100 string quartet residency outreach events. We continued our composer-in-residence program, commissioning our tenth piece since its inception. We expanded our legacy society, recognizing individuals who have included us in their wills to support our future. Other fundraising memberships include the 88 key society and green bay chamber music society.other key accomplishments include our ongoing management of the music for food chapter in door county. All concert proceeds, whether monetary or non-perishable, support local food banks in the fight against food insecurity, reinforcing our commitment to community service through music. Midsummer's music has expanded its staffing and program contractors.
Operating model
- Revenue model
- Donor-supported. 80% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.9%; rating input score 70
- Program expense ratio: 65.5%; rating input score 65
- Fundraising efficiency: $6.68 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.1%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 1.8; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 13.7%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 8.4% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 69.9% of revenue deployed · 65.5% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $454K in reported program spending
- Leadership: top reported pay $95K · 14 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 25/100.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Officer compensation ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.