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Dear Editor:
The Carmel Center for the Performing Arts paid artistic director Michael Feinstein $75,000 a year, according to its 2016 IRS Form 990 tax exempt organization filing.
The same presumably was paid in 2017 and 2018, though no public records are available.
The Form 990 further indicates the money actually went to Terwillker, Ltd., in Fishers. The address listed is that of Terwilliker, Ltd. (with an “i”). The site is that of a CPA firm.
Dun & Bradstreet reports Terwilliker has annual revenues of $34,000. The address in Fishers is a mailing address for a firm located at 2405 Glendower Ave., Los Angeles, Calif. Its principal employee on record: Michael Feinstein, president.
The artistic direction fee is seven times the median household income in Carmel ($109,858 according to U.S. Census Bureau estimates). That’s also about 4.5 times the annual salary of the mayor of Carmel ($170,000).
And none of the above is a bad April Fool’s Day joke.
Bill Shaffer
Carmel
Something doesn’t quite look right. The version of the article I see says the payment is $75,000 a year – but the multiples listed later on imply a payment of $750,000 per year. Probably a typo somewhere?