2023-12-22T10:26:51-06:00 2023-08-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2022-09-01 391789514 MADISON OPERA INC MADI 6082388085 335 W MIFFLIN ST MADISON WI 537032513 KATHRYN SMITH GENERAL DIRECTOR 6082388085 2023-12-21 1 KATHRYN SMITH 999009999 0 SCOTT HAUMERSEN CPA P00084908 6082744020 2023-12-21 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHRYN SMITH 335 W MIFFLIN ST MADISON WI 537032513 2363678 0 X MADISONOPERA.ORG X 1994 WI THE MISSION OF MADISON OPERA IS TO PRODUCE OPERAS OF THE HIGHEST ARTISTIC STANDARDS. 31 31 10 100 19006 0 1468821 1565984 371312 479679 799 765 97349 101517 1938281 2147945 0 30000 0 0 500244 563592 0 0 169408 1566497 1784763 2066741 2378355 -128460 -230410 2864319 2489023 455419 288909 2408900 2200114 THE MISSION OF MADISON OPERA IS TO PRODUCE OPERAS OF THE HIGHEST ARTISTIC STANDARDS. 0 0 1985430 30000 476797 DURING THE 2022-23 SEASON, MADISON OPERA PRODUCED TWO PERFORMANCES OF SALOME, TWO PERFORMANCES OF A DOUBLEBILL OF TROUBLE IN TAHITI AND THE SEVEN DEADLY SINS, AND TWO PERFORMANCES OF THE MARRIAGE OF FIGARO. THE ANNUAL FREE "OPERA IN THE PARK" PERFORMANCE HAD TO BE CANCELLED IMMEDIATELY BEFORE THE PERFORMANCE DUE TO A SURPRISE STORM.MADISON OPERA HELD VARIOUS EDUCATION AND ENGAGEMENT PROGRAMS DURING THE YEAR, INCLUDING COMMUNITY PREVIEWS, OPERA UP CLOSE PRESENTATIONS, DIGITAL PRESENTATIONS, A STUDENT MATINEE, AND A HIGH SCHOOL APPRENTICE PROGRAM. 1985430 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 100 1 1 10 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X JENNIFER FENSTER 6082388085 335 W MIFFLIN ST MADISON WI 537032513 VIKI BRIGHAM SECRETARY 1.00 X X 0 0 0 MARTHA CASEY VICE PRESIDENT 1.00 X X 0 0 0 LEANNE CORDISCO VICE PRESIDENT 1.00 X X 0 0 0 PEYTON ENGEL PRESIDENT 1.00 1.00 X X 0 0 0 THOMAS TERRY CHAIRMAN 1.00 1.00 X X 0 0 0 CONNIE KINSELLA TREASURER 1.00 1.00 X X 0 0 0 CARLA ALVARADO TRUSTEE 1.00 X 0 0 0 JOHN LEMKE TRUSTEE 1.00 X 0 0 0 DAVID FLANDERS TRUSTEE 1.00 X 0 0 0 BRIAN HALTINNER TRUSTEE 1.00 X 0 0 0 BRANDON HAYES TRUSTEE 1.00 X 0 0 0 JOYCE HIRSCH TRUSTEE 1.00 1.00 X 0 0 0 STEPHEN HURLEY TRUSTEE 1.00 X 0 0 0 FRAN KLOS TRUSTEE 1.00 X 0 0 0 FRANZO LAW II TRUSTEE 1.00 X 0 0 0 SUSAN LIPP TRUSTEE 1.00 X 0 0 0 PATTI LUCAS TRUSTEE 1.00 X 0 0 0 PETE LUNDBERG TRUSTEE 1.00 X 0 0 0 MARTIN BARRETT TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL MCARDLE TRUSTEE 1.00 X 0 0 0 SALLY MILEY TRUSTEE 1.00 1.00 X 0 0 0 J MARSHALL OSBORN TRUSTEE 1.00 1.00 X 0 0 0 TOBY WALLACH TRUSTEE 1.00 X 0 0 0 AILEEN JENSEN LIFE TRUSTEE 1.00 X 0 0 0 LYNN MECKLENBURG TRUSTEE 1.00 X 0 0 0 SONJA YDE TRUSTEE 1.00 X 0 0 0 SHARYN STUMPF TRUSTEE 1.00 X 0 0 0 JANE TAVES TRUSTEE 1.00 X 0 0 0 SELMA VANEYCK TRUSTEE 1.00 X 0 0 0 RICK NORDHEIM TRUSTEE 1.00 X 0 0 0 JOHN BUSCEMI TRUSTEE 1.00 X 0 0 0 KATHRYN SMITH GENERAL DIRECTOR 60.00 X 134433 0 8632 134433 0 8632 1 0 0 0 OVERTURE CENTER FOUNDATION INC 201 STATE ST MADISON WI 53703 PERFORMANCE VENUE 298239 MADISON SYMPHONY ORCHESTRA 222 WEST WASHINGTON AVE MADISON WI 53703 ORCHESTRA 246738 2 14940 149671 68118 1333255 5979 1565984 TICKET SALES 711110 476797 476797 PLAYBILL AD SALES 541800 2882 2882 479679 765 765 28794 247158 3636 197739 25158 49419 74577 16124 58453 12678 14940 9932 2746 2746 7010 2208 4802 4802 3970 2218 1752 1752 17640 17640 17640 2147945 476797 19006 86158 X 30000 30000 150710 91745 28608 30357 354838 216009 67356 71473 8780 5345 1667 1768 12913 7861 2451 2601 36351 22129 6900 7322 15366 15366 175 175 1421636 1421636 90495 90495 30808 15404 9243 6161 4897 2449 1469 979 8552 8552 88402 43518 36180 8704 40162 20081 12049 8032 20411 10206 6123 4082 DONOR CULTIVATION 27929 27929 TAXES 19853 19853 DUES AND FEES 16077 16077 2378355 1985430 223517 169408 89510 126075 500000 0 196126 197250 15843 19162 48473 44923 2504807 788557 1775810 1716250 156704 216092 76813 164172 5040 5099 2864319 2489023 75802 63311 207062 225598 172555 0 455419 288909 X 1751850 1617755 657050 582359 2408900 2200114 2864319 2489023 -230410 21624 0 X 0 1 X 1 0 X 1672599 1468592 1894805 1468821 1565984 8070801 1672599 1468592 1894805 1468821 1565984 8070801 701705 7369096 21737 21178 21862 40695 59218 164690 70335 26965 11182 108482 8343973 1788447 0.88320 0.87470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92500 92500 2323371 706930 1616441 88936 81627 7309 1716250 OPERA INVESTMENTS 12954 C MONEY MARKET FUNDS 151218 C 164172 2427012 21624 41885 -175 63334 2363678 -215733 -215733 2147945 2635798 41885 215733 257618 2378180 175 175 2378355 PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES -175. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -201,375. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -9,932. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B -2,218. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 9B -2,208. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 201,375. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 9,932. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B 2,218. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 9B 2,208. PRELUDE DINNER 27618 14940 12678 8852 1080 27618 14940 12678 8852 1080 9932 2746 1 MADISON OPERA FOUNDATION INC 335 W MIFFLIN ST MADISON WI 537032513 392021767 501(C)(3) 30000 0 GENERAL PURPOSES 1 0 PART I, LINE 2: THE MADISON OPERA INC. RECEIVES FINANCIAL INFORMATION FROM MADISON OPERA FOUNDATION INC. OUTLINING THE USE OF GRANT FUNDS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE PREPARED FORM 990 IS MADE AVAILABLE TO THE BOARD FOR REVIEW AND IS ALSO REVIEWED AND APPROVED BY THE ORGANIZATION'S GENERAL DIRECTOR AND DIRECTOR OF FINANCE BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL OF ITS TRUSTEES AND OFFICERS, WHO ARE CONSIDERED INTERESTED PERSONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON MUST LEAVE THE MEETING OF THE GOVERNING BODY WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING TRUSTEES WILL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE GOVERNING BODY WILL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. ALL TRUSTEES AND OFFICERS MUST ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S GOVERNING BODY REGULARLY CONDUCTS A PERFORMANCE REVIEW OF THE ORGANIZATION'S GENERAL DIRECTOR. THE GOVERNING BODY REVIEWS COMPENSATION DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS IN DETERMINING THE GENERAL DIRECTOR'S COMPENSATION. THE GENERAL DIRECTOR'S COMPENSATION IS APPROVED BY THE MEMBERS OF THE GOVERNING BODY WITH AN OFFICIAL VOTE THAT IS DOCUMENTED IN THE MINUTES OF THE MEETINGS OF THE GOVERNING BODY. THIS PROCESS WAS LAST UNDERTAKEN IN JUNE 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OPERA PRODUCTION FEES: PROGRAM SERVICE EXPENSES 1,421,636. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,421,636. MADISON OPERA FOUNDATION INC 335 W MIFFLIN ST MADISON WI 537032513 392021767 SUPPORTING ORGANIZATION OF MADISON OPERA INC. WI 501(C)(3) LINE 12B, II MADISON OPERA INC 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 MADISON OPERA FOUNDATION C 149671 BOOK VALUE