2024-01-30T11:09:34-06:00 2023-05-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-06-01 391839109 CHIPPEWA VALLEY SYMPHONY FOUNDATION TRUST CHIP 7158326366 402 GRAHAM AVENUE 205 EAU CLAIRE WI 54701 JASON SMITH TREASURER 7158326366 2024-01-30 1 JASON SMITH 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-01-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARCIA VAN BEEK 402 GRAHAM AVENUE 205 EAU CLAIRE WI 54701 634409 0 X N/A X 1995 WI TO RAISE FUNDS TO ENHANCE PROGRAMS OF THE CHIPPEWA VALLEY SYMPHONY, LTD WHICH FOSTERS MUSIC APPRECIATION AND PROVIDES OPPORTUNITIES FOR COMMUNITY MUSICIANS. 10 10 0 12 0 0 38970 17820 0 0 39373 3654 0 0 78343 21474 31600 33900 0 0 0 0 0 0 0 7856 9804 39456 43704 38887 -22230 794626 772396 0 0 794626 772396 TO RAISE FUNDS TO ENHANCE PROGRAMS OF THE CHIPPEWA VALLEY SYMPHONY, LTD WHICH FOSTERS MUSIC APPRECIATION AND PROVIDES OPPORTUNITIES FOR COMMUNITY MUSICIANS. 0 0 33900 33900 0 TO RAISE FUNDS TO ENHANCE THE PROGRAMS OF THE CHIPPEWA VALLEY SYMPHONY, LTD WHICH FOSTERS MUSIC APPRECIATION AND PROVIDES OPPORTUNITIES FOR COMMUNITY MUSICIANS. 33900 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 WI X JASON SMITH 7155631385 402 GRAHAM AVENUE SUITE 205 EAU CLAIRE WI 54701 MARCIA VAN BEEK PRESIDENT 0.10 X X 0 0 0 JIM BARTL VICE PRESIDENT 0.10 X X 0 0 0 JASON SMITH TREASURER 0.10 X X 0 0 0 KERRY KINCAID SECRETARY 0.10 X X 0 0 0 DAVID BAKER TRUSTEE 0.10 X 0 0 0 SUSAN CARROLL TRUSTEE 0.10 X 0 0 0 BILL EISENBARTH TRUSTEE (THRU 04/2023) 0.10 X 0 0 0 BILL KLISH TRUSTEE 0.10 X 0 0 0 ROB KUCHTA TRUSTEE 0.10 X 0 0 0 RANDI OSBERG TRUSTEE 0.10 X 0 0 0 ELLIS STEWART TRUSTEE (THRU 09/2022) 0.10 X 0 0 0 JESSE FARNLOF TRUSTEE 0.10 X 0 0 0 0 0 0 0 0 0 0 0 17820 17820 19819 19819 596770 612935 -16165 -16165 -16165 21474 0 0 3654 33900 33900 2500 2500 4070 4070 3180 3180 WI LICENSING FEES 54 54 43704 33900 9804 0 2623 6539 792003 765857 794626 772396 0 0 X 581065 553477 213561 218919 794626 772396 794626 772396 -22230 0 X 0 0 0 X X 1 CHIPPEWA VALLEY SYMPHONY LTD 391290295 7 1 33900 0 1 33900 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3: ONE TRUSTEE OF THE CHIPPEWA VALLEY SYMPHONY FOUNDATION TRUST IS ALSO A DIRECTOR OF THE SUPPORTED ORGANIZATION, CHIPPEWA VALLEY SYMPHONY, LTD. THE CHIPPEWA VALLEY SYMPHONY TRUST MAKES AN ANNUAL DISTRIBUTION TO ITS SUPPORTED ORGANIZATION THAT MUST EQUAL AT LEAST 10% OF THAT ORGANIZATION'S TOTAL SUPPORT FOR THE PRIOR YEAR. SCHEDULE A, PART IV, SECTION E, LINE 2A ONE TRUSTEE OF THE CHIPPEWA VALLEY SYMPHONY FOUNDATION TRUST IS ALSO A DIRECTOR OF THE SUPPORTED ORGANIZATION, CHIPPEWA VALLEY SYMPHONY, LTD. THE CHIPPEWA VALLEY SYMPHONY TRUST MAKES AN ANNUAL DISTRIBUTION TO ITS SUPPORTED ORGANIZATION THAT MUST EQUAL AT LEAST 10% OF THAT ORGANIZATION'S TOTAL SUPPORT FOR THE PRIOR YEAR. INCLUDING THE MANAGEMENT FEES OF THE ASSETS FOR THE FOUNDATION TRUST, OVER 90% OF EXPENDITURES ARE FOR THE BENEFIT FOR THE SUPPORTED ORGANIZATION, CHIPPEWA VALLEY SYMPHONY, LTD. AND ARE PURSUANT TO THE SPENDING POLICY OF THE INVESTMENT COMMITTEE OF THE FOUNDATION. THE REMAINING EXPENDITURES ARE ADMINISTRATIVE AND MINIMAL. THE TRUSTEE THAT REPRESENTS THE SUPPORTED ORGANIZATION DOES COMMUNICATE CERTAIN NEEDS OF THE SYMPHONY TO THE BOARD AND ACTS AS A LIASON BETWEEN THE TWO ORGANIZATIONS. SCHEDULE A, PART IV, SECTION E, LINE 2B THE FOUNDATION ASSUMES THE RESPONSIBILTY OF MANAGING THE ASSETS AND DISTRIBUTIONS TO THE SUPPORTED ORGANIZATION. IF THE FOUNDATION DID NOT EXIST THE ASSETS AND BURDEN OF THE INCOME AND MANAGEMENT WOULD BE ASSUMED BY THE SUPPORTED ORGNAZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 CHIPPEWA VALLEY SYMPHONY 402 GRAHAM AVENUE EAU CLAIRE WI 54701 391290295 501(C)(3) 33900 0 DONATION 1 0 PART I, LINE 2: WE HAVE QUARTERLY INVESTMENT COMMITTEE MEETINGS TO MONITOR FOUNDATION ASSETS, AND WE MAKE A SINGLE GRANT TO THE SYMPHONY ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7A A MAJORITY OF TRUSTEES CAN ELECT OFFICERS AND OTHER/ADDITIONAL TRUSTEES FORM 990, PART VI, SECTION B, LINE 11B THE BOARD TREASURER REVIEWS THE FORM 990 PRIOR TO FILING WITH THE IRS. AFTER IT IS FILED, THE TREASURER WILL PRESENT THE RETURN TO THE BOARD AFTER IT IS FILED SINCE THERE WILL NOT BE A BOARD MEETING BETWEEN THE DATE OF FILING AND THE DUE DATE TO FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS 990 AVAILABLE TO THE PUBLIC UPON REQUEST. THE TAXPAYER HAS ROUTINELY MET FILING REQUIREMENTS FOR FORM 990 AND INFORMATION REPORTING ON A TIMELY BASIS. THE LATE FILING OF FORM 990 FOR THE YEAR ENDED MAY 31, 2023 WAS AN IRREGULARITY. THE ORGANIZATION RELIED UPON THEIR PAID PREPARER TO FILE THE PROPER EXTENSIONS TO EXTEND THE ORIGINAL DUE DATE OF THE RETURN AND RELEASE THE RETURN UPON APPROVAL RECEIVED. THE PAID PREPARER USES A COMBINATION OF TAX SOFTWARE AND A FILE TRACKING SOFTWARE TO RECORD COMPLETION OF EXTENSIONS. THERE WAS AN INTERNAL ERROR AND THE PAID PREPARER MISTAKENLY RECORDED THE EXTENSION AS FILED; HOWEVER, IT WAS NOT AND THE RETURN AS A RESULT IS BEING FILED LATE BUT WITHIN THE TYPICAL EXTENDED DUE DATE TIME PERIOD. BASED ON THE HISTORY OF ROUTINE COMPLIANCE, WE RESPECTFULLY REQUEST THAT ANY PROPOSED INTEREST AND PENALTIES ABATED AND THE IRS RECOGNIZE REASONABLE CAUSE IN DOING SO.