2024-02-07T17:10:49-05:00 2023-06-30 383363225 FLEGAL & MELNIK 350 GLADYS ST PORTAGE MI 490022955 990 2022-07-01 510147234 JULIUS & ESTHER STULBERG COMPETITION INC JULI 2693432776 359 S KALAMAZOO MALL STE 14 KALAMAZOO MI 490074848 MEGAN YANKEE EXECUTIVE DIRECTOR 2693432776 2024-02-07 true MEGAN YANKEE 999009999 true DANIEL E MELNIK P01627678 2693831900 2024-02-07 X 2022 2023-04-26 12:10:37Z DERL OBERLIN 359 S KALAMAZOO MALL STE 14 KALAMAZOO MI 49007 194578 false X WWW.STULBERG.ORG X 1975 MI THE MISSION OF THE STULBERG INTERNATIONAL STRING COMPETITION IS TO PROMOTE EXCELLENCE IN STRING INSTRUMENT PERFORMANCE BY GIFTED ARTISTS UNDER THE AGE OF TWENTY. OUR VISION IS TO DEEPEN COMMUNITY ENGAGEMENT WHILE OFFERING A PREMIER STRING COMPETITION. 19 19 1 20 0 157993 146201 17722 15359 8799 15987 2436 6078 186950 183625 0 0 66837 69704 0 18963 105268 108365 172105 178069 14845 5556 649776 702372 12173 8160 637603 694212 X THE MISSION OF THE STULBERG INTERNATIONAL STRING COMPETITION IS TO PROMOTE EXCELLENCE IN STRING INSTRUMENT PERFORMANCE BY GIFTED ARTISTS UNDER THE AGE OF TWENTY. OUR VISION IS TO DEEPEN COMMUNITY ENGAGEMENT WHILE OFFERING A PREMIER STRING COMPETITION. false false 128615 15359 THE STULBERG IS AN INTERNATIONALLY RECOGNIZED STRING COMPETITION AND IS ONE OF THE LONGEST RUNNING COMPETITIONS IN THE UNITED STATES FOR YOUTH UNDER TWENTY YEARS OLD. SINCE 1975, THE STULBERG HAS AWARDED OVER 140 MEDALS TO PROMISING YOUNG MUSICIANS FROM AROUND THE WORLD. MANY HAVE GONE ON TO ILLUSTRIOUS CAREERS AND CAN BE FOUND AS SOLOISTS OR HOLDING SEATS IN MAJOR ORCHESTRAS. THE STULBERG INTERNATIONAL STRING COMPETITION TAKES PLACE ANNUALLY IN MAY. ALONG WITH THE COMPETITION, THE STULBERG HOLDS MASTER CLASSES FOR STRING STUDENTS, PERFORMS OUTREACH EVENTS, AND COLLABORATES WITH OTHER PRESTIGIOUS ORGANIZATIONS THROUGHOUT THE YEAR. SOME OF THE STULBERG INTERNATIONAL STRING COMPETITIONS MOST FAMOUS ALUMNI INCLUDE JOSHUA BELL, JENNIFER KOH, RACHEL BARTON PINES, BENJAMIN BEILMAN, AND SOOVIN KIM TO NAME A FEW. 128615 true true false false false false false false false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 19 0 true 1 true false false false false false true true false false false false false false false false X 19 19 false false false false false false false true true false false true true true true true false false false false MI X X MEGAN YANKEE 2693432776 359 S KALAMAZOO MALL STE 14 KALAMAZOO MI 490074848 X DERL OBERLIN PRESIDENT 1.00 X X 0 0 0 ANN FERGEMANN PRESIDENT EL 1.00 X X 0 0 0 KURT VOISSEM TREASURER 1.00 X X 0 0 0 PAMELA WALKER SECRETARY 1.00 X X 0 0 0 LINDA DEPTA DIRECTOR 1.00 X 0 0 0 JANET GROVER DIRECTOR 1.00 X 0 0 0 KORY HEITZIG DIRECTOR 1.00 X 0 0 0 THOMAS G KING DIRECTOR 1.00 X 0 0 0 JOSH KOETS DIRECTOR 1.00 X 0 0 0 KEITH KOTHMAN DIRECTOR 1.00 X 0 0 0 SARAH LEE DIRECTOR 1.00 X 0 0 0 AUDREY LIPSEY DIRECTOR 1.00 X 0 0 0 NAOMI SIEGEL MORSE DIRECTOR 1.00 X 0 0 0 CAMILLE RILEY DIRECTOR 1.00 X 0 0 0 LISA RODRIGUIZ DIRECTOR 1.00 X 0 0 0 MIRA STULBERG - HALPERT DIRECTOR 1.00 X 0 0 0 SOPHIE TANG DIRECTOR 1.00 X 0 0 0 SHERIE VERAMAY DIRECTOR 1.00 X 0 0 0 SOPHIE VAN DER WESTHUIZEN DIRECTOR 1.00 X 0 0 0 false false false 13750 132451 5542 146201 PROGRAM SERVICE REVENUE 711190 15359 15359 15359 15987 15987 16957 10889 6068 74 64 10 10 183625 15369 15987 59190 29595 17757 11838 6018 3009 1805 1204 4496 2248 1349 899 27972 23343 4629 7675 7675 22100 16347 2462 3291 8296 4148 2489 1659 1891 1891 PRIZES AND STIPENDS 25000 25000 PROGRAM EXPENSES 15359 15359 FUNDRAISING 72 72 178069 128615 30491 18963 171984 163485 5687 5562 11344 7854 3490 3490 455399 515382 13216 14453 649776 702372 12173 8160 12173 8160 X 637603 694212 637603 694212 649776 702372 5556 51152 -99 X true X false false X 127718 123107 116410 157993 146201 671429 45770 35715 27709 26219 32390 167803 173488 158822 144119 184212 178591 839232 21855 22500 23500 25500 25500 118855 21855 22500 23500 25500 25500 118855 720377 8412 8792 7834 8799 15987 49824 8412 8792 7834 8799 15987 49824 181900 167614 151953 193011 194578 889056 0.81030 0.95320 0.06000 0.05000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 371184 50980 422164 431139 -59955 371184 324227 106912 431139 312971 11256 324227 299020 20132 6181 312971 1.00000 false false 11344 7854 3490 3490 SCHEDULE D, PAGE 2, PART V, LINE 4 AS OF JUNE 30, 2023, THE BOARD OF DIRECTORS HAS DESIGNATED THREE DIFFERENT ACCOUNTS FOR DIFFERENT PURPOSES. THE RESERVE FUND WAS ESTABLISHED TO HOLD ACCUMULATED EXCESS OPERATING FUNDS UNTIL THEY ARE NEEDED BECAUSE OF AN UNEXPECTED SHORTFALL OF REVENUES. THE RESERVE FUND IS EXPECTED TO REFLECT THE ORGANIZATION'S INVESTMENT POLICY. THE LIQUIDITY NEEDS OF THE FUND ARE TO CONTAIN SUFFICIENT CASH BALANCES TO REPLACE A REASONABLE REVENUE SHORTFALL. AS OF JUNE 30, 2023, THIS ACCOUNT HAD A BALANCE OF 93,218 OF WHICH THE BOARD HAS IDENTIFIED 43,218 AS A REASONABLE RESERVE. THE RESERVE FUND IS NOT SUBJECT TO A SPENDING POLICY. THE BURDICK-THORNE ENDOWMENT FUND IS AN UNRESTRICTED ENDOWMENT FUND WHICH IS CURRENTLY DESIGNATED BY THE BOARD OF DIRECTORS OF THE ORGANIZATION AS AN ENDOWMENT FUND TO BE USED TO ASSIST IN PROVIDING FUNDING OF THE BURDICK- THORNE GOLD MEDAL PRIZE. IT IS A BOARD DESIGNATED FUND FOR THE GOLD MEDAL PRIZE WHICH IS 6,000 ANNUALLY. THE BURDICK-THORNE FUND IS EXPECTED TO REFLECT THE ORGANIZATION'S INVESTMENT POLICY. THE ENDOWMENT IS INTENDED TO BE PERPETUAL. IT IS INTENDED THAT THIS FUND WILL EXIST TO FULFILL ITS PURPOSE FOR THE ENTIRETY OF THE STULBERG COMPETITION. THE LIQUIDITY NEEDS OF THE FUND ARE TO CONTAIN SUFFICIENT CASH BALANCES TO DISTRIBUTE THE SPENDING POLICY DISBURSEMENT FOR THE UPCOMING FISCAL YEAR. THE STULBERG ENDOWMENT FUND WAS ESTABLISHED TO SUPPORT THE ONGOING OPERATIONS OF THE STULBERG COMPETITION. THE STULBERG FUND IS EXPECTED TO REFLECT THE ORGANIZATION'S INVESTMENT POLICY. THE ENDOWMENT IS INTENDED TO BE PERPETUAL. IT IS INTENDED THAT THIS FUND WILL EXIST TO FULFILL ITS PURPOSE FOR THE ENTIRETY OF THE STULBERG COMPETITION. THE ORGANIZATION HAS A SPENDING POLICY THAT ALLOWS THE EXECUTIVE DIRECTOR, WITH BOARD CONSENT, TO DIRECT THE INVESTMENT ADVISOR TO DISTRIBUTE FORM THE ENDOWMENT FUNDS, OTHER THAN THE RESERVE ENDOWMENT FUND, ANNUALLY, 5% OR LESS OF THE ASSETS OF EACH ENDOWMENT FUND APPLIED TO A 20-QUARTER ROLLING AVERAGE OF THE MARKET VALUE OF THE ASSETS OF EACH ENDOWMENT FUND, ENDING ON THE LAST TRADING DAY OF MARCH. A DISTRIBUTION WILL NOT BE ALLOWED TO DECREASE THE MARKET VALUE OF AN ENDOWMENT FUND BELOW 80% OF THE ORIGINAL GIFT VALUE UNLESS THE BOARD SPECIFICALLY APPROVE OTHERWISE. INVESTMENT RETURN OBJECTIVES, RISK PARAMETERS AND STRATEGIES. THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES, APPROVED BY THE BOARD OF TRUSTEES, FOR THE ENDOWMENT ASSETS THAT ATTEMPT TO GROW, OVER THE LONG TERM, IN EXCESS OF THE APPROVED SPENDING AND THE PREVAILING INFLATION RATE. THE ASSETS ARE TO BE INVESTED IN A COMBINATION OF LIQUID EQUITY AND FIXED INCOME HOLDINGS. THE INVESTMENT STRATEGY IS EXPECTED TO PRODUCE NET INVESTMENT RETURNS EQUAL TO, OR GREATER THAN, AN APPROPRIATE BLENDED BENCHMARK OVER THE COURSE OF AN ECONOMIC CYCLE. THE BLENDED BENCHMARK WILL CONSIST OF BARCLAYS U.S. AGGREGATE BOND INDEX, THE S&P 500 INDEX, THE RUSSELL 2000 INDEX AND THE MSCI ACWI EX US NR USD WEIGHTED 25%, 40%, 20% AND 15%, RESPECTIVELY. INDIVIDUAL ASSET CLASS PERFORMANCE WILL BE MEASURED BY THE ABOVE SPECIFIC BENCHMARKS AND INDIVIDUAL MANAGERS WILL BE COMPARED TO THESE STANDARDS. THE INVESTMENT STRATEGY IS EXPECTED TO PRODUCE INVESTMENT RETURNS EQUAL TO, OR BETTER THAN, THE MID-POINT OF A PEER POPULATION OF SIMILAR INVESTMENT APPROACHES, OVER THE COURSE OF AN ECONOMIC CYCLE. THE INVESTMENT STRATEGY WILL BE SENSITIVE TO VARIOUS MEASURES OF RISK AND WILL ATTEMPT TO KEEP PORTFOLIO RISK NEAR MARKET LEVELS. COMPETITION DIN 10550 10550 8163 MIDSUMMER EVENT 6407 6407 2726 16957 16957 10889 10889 6068 FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE STULBERG INTERNATIONAL STRING COMPETITION IS TO PROMOTE EXCELLENCE IN STRING INSTRUMENT PERFORMANCE BY GIFTED ARTISTS UNDER THE AGE OF TWENTY. OUR VISION IS TO DEEPEN COMMUNITY ENGAGEMENT WHILE OFFERING A PREMIER STRING COMPETITION. FORM 990, PAGE 2, PART III, LINE 4A THE STULBERG IS AN INTERNATIONALLY RECOGNIZED STRING COMPETITION AND IS ONE OF THE LONGEST RUNNING COMPETITIONS IN THE UNITED STATES FOR YOUTH UNDER TWENTY YEARS OLD. SINCE 1975, THE STULBERG HAS AWARDED OVER 140 MEDALS TO PROMISING YOUNG MUSICIANS FROM AROUND THE WORLD. MANY HAVE GONE ON TO ILLUSTRIOUS CAREERS AND CAN BE FOUND AS SOLOISTS OR HOLDING SEATS IN MAJOR ORCHESTRAS. THE STULBERG INTERNATIONAL STRING COMPETITION TAKES PLACE ANNUALLY IN MAY. ALONG WITH THE COMPETITION, THE STULBERG HOLDS MASTER CLASSES FOR STRING STUDENTS, PERFORMS OUTREACH EVENTS, AND COLLABORATES WITH OTHER PRESTIGIOUS ORGANIZATIONS THROUGHOUT THE YEAR. SOME OF THE STULBERG INTERNATIONAL STRING COMPETITIONS MOST FAMOUS ALUMNI INCLUDE JOSHUA BELL, JENNIFER KOH, RACHEL BARTON PINES, BENJAMIN BEILMAN, AND SOOVIN KIM TO NAME A FEW. FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE COMMITTEE REVIEWS FORM 990 WITH OUTSIDE ACCOUNTANT. THEN EXECUTIVE COMMITTEE REVIEWS FORM 990. THE ENTIRE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS SIGN DISCLOSURE STATEMENT AT THE BEGINNING OF THEIR TERM. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.