2023-05-12T14:59:57-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2021-07-01 010645482 OVERTURE CENTER FOUNDATION INC OVER 6082584177 201 STATE STREET MADISON WI 53703 CHRISTOPHER VOGEL CFO/CBO 6082584177 2023-05-11 1 CHRISTOPHER VOGEL 999009999 KIMBERLY ANDERSON CPA P00188889 6086628600 2023-05-11 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z JOHN SURDYK 201 STATE STREET MADISON WI 53703 27407094 0 X WWW.OVERTURE.ORG X 2002 WI THE ORGANIZATION OPERATES THE OVERTURE CENTER FOR THE ARTS, A PERFORMING AND VISUAL ARTS CENTER. ITS MISSION IS TO ENRICH THE LIVES OF INDIVIDUALS AND THE COMMUNITY BY CREATING, ENCOURAGING, AND CATALYZING EXTRAORDINARY EXPERIENCES. THE OVERTURE CENTER PRESENTS A BROAD SPECTRUM OF HIGH QUALITY PERFORMING ARTS PROGRAMMING AND EDUCATIONAL OUTREACH PROGRAMS. THE CENTER RAISES FUNDS TO SUPPORT FREE AND LOW-COST COMMUNITY PROGRAMS AS WELL AS OTHER PROGRAMS AND INITIATIVES TO ADVANCE THE MISSION. TEN LOCAL PERFORMING ARTS COMPANIES ARE RESIDENT ORGANIZATIONS OF THE CENTER. 24 24 291 500 293377 0 7746069 15813499 357535 10402574 112270 109466 0 0 8215874 26325539 0 0 0 0 2543338 7287166 0 0 796160 2302205 8502280 4845543 15789446 3370331 10536093 20998721 36201318 9231946 14369950 11766775 21831368 X OVERTURE CENTER FOR THE ARTS ENRICHES THE LIVES OF INDIVIDUALS AND THE COMMUNITY BY CREATING, ENCOURAGING, AND CATALYZING EXTRAORDINARY EXPERIENCES. THE CENTER PRESENTS A BROAD SPECTRUM OF HIGH QUALITY PROGRAMMING, DEVELOPS AUDIENCES FOR THE ARTS, ADVANCES THE MISSION OF RESIDENT ORGANIZATIONS, ADVOCATES FOR THE DEVELOPMENT OF THE ARTS IN THE COMMUNITY, AND PROVIDES A WORLD-CLASS FORUM FOR DIVERSE ARTISTIC EXPRESSION. 0 0 13166044 10109197 OVERTURE CENTER HOSTS HUNDREDS OF TICKETED EVENTS WITH OUR BOX OFFICE SELLING APPROXIMATELY 300,000 TICKETS ANNUALLY. OVERTURE CENTER PRESENTS A WIDE VARIETY OF ARTISTIC OFFERINGS THAT PATRONS WOULD NOT OTHERWISE HAVE THE OPPORTUNITY TO EXPERIENCE IN MADISON, RANGING FROM UP-AND-COMING DANCE COMPANIES TO CHILDREN'S THEATER PERFORMANCES TO NATIONALLY TOURING BROADWAY HITS. IN FULFILLING ITS MISSION OF ACCESS TO THE ARTS, OVERTURE CENTER STRIVES TO KEEP TICKET PRICES AFFORDABLE. THE AVERAGE TOP TICKET PRICE FOR NON-BROADWAY PERFORMANCES IS TYPICALLY UNDER $48. ADDITIONALLY, OVERTURE CENTER SUBSIDIZES AND SUPPORTS THE WORK OF NINE LOCAL, NONPROFIT RESIDENT ARTS COMPANIES WHO ANNUALLY SELL OVER 82,000 TICKETS TO THEIR PERFORMANCES. OVERTURE CENTER FULFILLS THE CORE OF ITS MISSION THROUGH FOURTEEN COMMUNITY ENGAGEMENT AND EDUCATIONAL PROGRAMS. AS A RESULT OF THESE PROGRAMS, OVER 188,000 PEOPLE ANNUALLY SEE A FREE PERFORMANCE OR VISUAL EXHIBIT. THE PROGRAMS INCLUDED 'OVERTURE ONSTAGE' THAT ANNUALLY ATTRACTS MORE THAN 22,000 ELEMENTARY AND HIGH SCHOOL STUDENTS TO DAYTIME PERFORMANCES DURING THE SCHOOL YEAR AND 'KIDS IN THE ROTUNDA' THAT ANNUALLY ATTRACTS APPROXIMATELY 21,000 CHILDREN AND PARENTS TO FREE PERFORMANCES. VARIOUS UNIQUE SPACES WITHIN THE OVERTURE CENTER ARE AVAILABLE FOR RENT TO THE PUBLIC TO HOLD SPECIAL EVENTS AND MEETINGS. OVERTURE CENTER'S NATURE AS A COMMUNITY ARTS CENTER PROVIDES FOR THE KIND OF EXPERIENCE UNAVAILABLE TO OTHER EVENT VENUES. 13166044 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 56 0 291 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X CHRISTOPHER VOGEL 6082584177 201 STATE STREET MADISON WI 53703 PABLO SANCHEZ CHAIR 1.00 1.00 X X 0 0 0 JOHN SURDYK VICE CHAIR 1.00 0.00 X X 0 0 0 ANA HOOKER SECRETARY 1.00 0.00 X X 0 0 0 JULIA ARATA-FRATTA TREASURER 1.00 0.00 X X 0 0 0 BETTY HARRIS CUSTER PAST CHAIR 1.00 0.00 X X 0 0 0 JULIET AYLWARD DIRECTOR 1.00 0.00 X 0 0 0 KEITH BAUMGARTNER DIRECTOR 1.00 0.00 X 0 0 0 BRYAN CHAN DIRECTOR 1.00 0.00 X 0 0 0 KATIE DOWLING-MARCUS DIRECTOR 1.00 0.00 X 0 0 0 LYNETTE FONS DIRECTOR 1.00 1.00 X 0 0 0 PHIL GREENWOOD DIRECTOR 1.00 0.00 X 0 0 0 SABRINA MADISON DIRECTOR 1.00 0.00 X 0 0 0 JULIE MARRIOTT DIRECTOR 1.00 0.00 X 0 0 0 SARAH MARTY DIRECTOR 1.00 0.00 X 0 0 0 JIM MATRAS DIRECTOR 1.00 0.00 X 0 0 0 OSCAR MIRELES DIRECTOR 1.00 0.00 X 0 0 0 EVERETT MITCHELL DIRECTOR 1.00 0.00 X 0 0 0 FRANK PEREGRINE DIRECTOR 1.00 1.00 X 0 0 0 GREG PFLUGER DIRECTOR 1.00 0.00 X 0 0 0 JIM ST VINCENT DIRECTOR 1.00 0.00 X 0 0 0 HANAH JON TAYLOR DIRECTOR 1.00 0.00 X 0 0 0 MISSY TRACY DIRECTOR 1.00 0.00 X 0 0 0 MIKE VERVEER DIRECTOR 1.00 0.00 X 0 0 0 JAMES YEHLE DIRECTOR 1.00 0.00 X 0 0 0 JOHN GRANDE DIRECTOR THROUGH 09/21 1.00 0.00 X 0 0 0 JONATHAN LIPP DIRECTOR THROUGH 09/21 1.00 0.00 X 0 0 0 GREG DOMBROWSKI DIRECTOR THROUGH 09/21 1.00 0.00 X 0 0 0 CHRISTOPHER VOGEL CHIEF FINANCIAL OFFICER 40.00 0.00 X 148007 0 10907 JACQUIE GOETZ CHIEF OPERATING OFFICER 40.00 0.00 X 117632 0 9768 EMILY GRUENEWALD VP OF DEVELOPMENT 40.00 0.00 X 132857 0 21333 TIMOTHY SAUERS VP OF PROGRAMMING 40.00 0.00 X 124089 0 10138 ED HOLMES CHIEF EQUITY AND INNOVATION OFFICER 40.00 0.00 X 110691 0 15419 GLENN WEIHERT SPECIAL PROJECT MANAGER 40.00 0.00 X 102123 0 3556 735399 0 71121 6 0 1 0 FIDDLER TOURING LLC 7135 MINSTREL WAY STE 105 COLUMBIA MD 21045 PRODUCER 501753 FACILITY SERVICES GROUP 317 OAKTON AVE PEWAUKEE WI 53072 BUILDING REPAIRS 490886 JH FINDORFF & SON INC 300 S BEDFORD ST MADISON WI 53703 BUILDING REPAIRS 283977 1901 INC 2801 SYENE RD MADISON WI 53713 BUILDING REPAIRS 229471 FPC LIVE 155 E WILSON ST STE 100 MADISON WI 53703 PRODUCER 223100 9 12139952 3673547 116612 15813499 TICKET SALES AND FEES 711130 8281797 8281797 FACILITY RENTALS AND SERVICES 531120 1493482 1262757 230725 BROADWAY CLUB MEMBERSHIP REVENUE 900099 276395 276395 CATERING 722320 238853 176201 62652 OTHER PROGRAM SERVICE REVENUE 900099 88215 88215 23832 23832 10402574 84089 84089 1106932 1074911 6644 32021 -6644 25377 25377 26325539 10109197 293377 109466 X 194609 19461 155687 19461 5747857 4416204 859667 471986 142838 99895 27904 15039 746502 539379 159673 47450 455360 344325 74205 36830 65262 65262 32062 32062 15122 15122 4252291 4171586 69072 11633 602638 602522 116 561817 455515 36677 69625 368027 272340 66245 29442 939659 856094 76673 6892 36619 35347 1272 36130 32946 2079 1105 16887 16887 472899 463442 7093 2364 37048 32973 2964 1111 CREDIT CARD FEES 408011 408011 REPAIRS AND MAINTENANCE 306678 314991 -8313 RECRUITMENT 134410 134410 CATERING AND VENDING 120810 56404 2688 61718 95910 44609 31185 20116 15789446 13166044 1827242 796160 9692963 2697 1202633 23324173 264800 1009100 486610 611551 241942 376338 8793813 3240023 3897954 5553790 1989552 2080598 3222267 3243071 20998721 36201318 998592 1575056 7537349 12271760 696005 523134 9231946 14369950 X 7695140 17150360 4071635 4681008 11766775 21831368 20998721 36201318 X 10536093 -412248 -59252 X 0 1 X 1 1 1 X 5492682 4482940 3953330 7746069 15875283 37550304 12022579 13171948 17958794 327862 10109197 53590380 17515261 17654888 21912124 8073931 25984480 91140684 422201 127073 140344 98967 1119673 1908258 922578 970639 340164 35783 2269164 1344779 1097712 480508 134750 1119673 4177422 86963262 11819 66687 184181 44844 84089 391620 11819 66687 184181 44844 84089 391620 17527080 17721575 22096305 8118775 26068569 91532304 0.95010 0.94340 0.00430 0.00360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 3263767 667088 -253201 62405 32178 3583071 2566095 115000 672903 58388 31843 3263767 2612545 14750 22207 56955 26452 2566095 2494981 16000 180030 55525 22941 2612545 1818321 614000 135908 57484 15764 2494981 0.00000 0.70600 0.29400 1 0 7167678 3240023 3927655 1626135 1626135 5553790 BENEFICIAL INTEREST IN ASSETS HELD BY MADISON COMMUNITY FOUNDATION 1574463 INVESTMENTS RESTRICTED FOR ENDOWMENT 1668608 3243071 X PART III, LINE 1A: THE OVERTURE CENTER'S AUDUBON ENGRAVINGS COLLECTION FEATURES 24 ORIGINAL JOHN JAMES AUDUBON ENGRAVINGS DONATED BY DR. RICHARD B. ANDERSON. THE COLLECTION WAS ACQUIRED THROUGH DONATIONS SINCE THE ORGANIZATION'S INCEPTION AND IS NOT RECOGNIZED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES, IF APPLICABLE, WOULD BE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. NO COLLECTION ITEMS WERE DEACCESSIONED DURING THE YEAR. PART III, LINE 4: AS DR. RICHARD ANDERSON SAID, "THE AUDUBON ENGRAVINGS CALL TO THE VIEWER TO UNDERSTAND THE ENVIRONMENTAL ETHIC THAT SO THOROUGHLY MOTIVATED AUDUBON. HE AFFECTED SOCIETY WITH HIS ARTWORK SO WE MUST EACH INFLUENCE SOCIETY WITH OUR SERVICE THE COMPELLING MESSAGE EMBODIED WITH EACH ORIGINAL ENGRAVING. NO MATTER HOW HARD WE WORK OR STUDY, WE MUST FIND TIME TO EXERCISE OUR SOCIAL RESPONSIBILITY. THIS IS A MESSAGE THAT ART CARRIES -- OF CONSERVATION AND PUBLIC TRUST." THE COLLECTION FURTHERS THE OVERTURE CENTER'S EXEMPT PURPOSE BY PROVIDING ANOTHER MEANS OF ENGAGING THE COMMUNITY IN THE ARTS THROUGH A BROAD SPECTRUM OF ARTISTIC ALTERNATIVES. PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUND IS TO PROVIDE LONG-TERM SUPPORT IN CARRYING OUT THE MISSION OF OVERTURE CENTER FOR THE ARTS OF ENRICHING THE LIVES OF INDIVIDUALS AND THE COMMUNITY BY CREATING, ENCOURAGING, AND CATALYZING EXTRAORDINARY EXPERIENCES. PART X, LINE 2: OCF MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH THE TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. OCF DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS, AND, ACCORDINGLY, THEY DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER VOGEL CHIEF FINANCIAL OFFICER 146301 0 1706 0 0 0 5213 0 5694 0 158914 0 0 0 EMILY GRUENEWALD VP OF DEVELOPMENT 131268 0 1589 0 0 0 3850 0 17483 0 154190 0 0 0 X 5 31911 FMV X 3 20837 FMV X PRODUCTION OFFICE BUILD 1 33896 FMV X INFORMATION TECHNOLOGY 3 28220 FMV X NEWSLETTER 1 1102 FMV X DECORATION 1 646 FMV 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS BEING REPORTED. PART I, LINE 32B: THE ORGANIZATION USES LPL FINANCIAL TO RECEIVE CONTRIBUTIONS OF SECURITIES. LPL FINANCIAL IMMEDIATELY LIQUIDATES SUCH CONTRIBUTIONS AND TRANSFERS THE PROCEEDS LESS A NOMINAL FEE TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MAYOR OF THE CITY OF MADISON MAY APPOINT AT LEAST THREE DIRECTORS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE FINANCE COMMITTEE BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE GOVERNING BODY ARE REQUIRED TO SIGN AN ANNUAL DISCLOSURE UPDATE THAT IS GIVEN TO THE GOVERNANCE COMMITTEE. MEMBERS ARE REQUIRED TO DISCLOSE DURING THE YEAR ANY POTENTIAL CONFLICTS OF INTEREST THAT THEY MAY HAVE OR BELIEVE MAY EXIST WITH ANOTHER MEMBER TO THE GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR INVESTIGATING AND PROVIDING A RECOMMENDATION. THE ORGANIZATION'S LEGAL COUNSEL MAY BE CONTACTED TO PROVIDE GUIDANCE AND ADVICE AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES AN APPROPRIATE COMPENSATION PACKAGE FOR THE TOP MANAGEMENT OFFICIALS BY USING COMPARABILITY DATA AND BY REVIEWING COMPENSATION PAID BY SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S BUSINESS OFFICE. FORM 990, PART IX, LINE 11G ARTIST FEES: PROGRAM SERVICE EXPENSES 4,057,786. MANAGEMENT AND GENERAL EXPENSES 450. FUNDRAISING EXPENSES 5,175. TOTAL EXPENSES 4,063,411. INTERPRETER SERVICES: PROGRAM SERVICE EXPENSES 7,784. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,784. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 53,503. MANAGEMENT AND GENERAL EXPENSES 6,875. FUNDRAISING EXPENSES 6,458. TOTAL EXPENSES 66,836. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 14,855. MANAGEMENT AND GENERAL EXPENSES 54,330. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,185. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 34,324. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,324. DESIGN SERVICES: PROGRAM SERVICE EXPENSES 2,850. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,850. DELIVERY SERVICE: PROGRAM SERVICE EXPENSES 484. MANAGEMENT AND GENERAL EXPENSES 10. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 494. PAYROLL SERVICES FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,407. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,407. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN ASSETS HELD BY MCF -59,252. OVERTURE DEVELOPMENT CORPORATION 201 STATE STREET MADISON WI 53703 391997702 SUPPORT ORGANIZATION WI 501(C)(3) LINE 12A, I OVERTURE CENTER FOUNDATION INC 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0