2021-01-13T10:44:50-06:00 2020-08-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2019-09-01 391789514 MADISON OPERA INC MADI 6082388085 335 W MIFFLIN ST MADISON WI 537032513 KATHRYN SMITH GENERAL DIRECTOR 6082388085 2021-01-12 1 SCOTT HAUMERSEN CPA P00084908 6082744020 2019 2022-09-23 18:48:47Z KATHRYN SMITH 335 W MIFFLIN ST MADISON WI 537032513 2014042 0 X WWW.MADISONOPERA.ORG X 1994 WI THE MISSION OF MADISON OPERA IS TO PRODUCE OPERAS OF THE HIGHEST ARTISTIC STANDARDS. 33 33 11 45 31817 25965 1672599 1468592 476214 293757 969 748 85581 50248 2235363 1813345 250000 0 0 0 424839 434530 0 0 156471 1664002 1245821 2338841 1680351 -103478 132994 2356512 2247603 769121 515617 1587391 1731986 THE MISSION OF MADISON OPERA IS TO PRODUCE OPERAS OF THE HIGHEST ARTISTIC STANDARDS. 0 0 1250014 0 287002 DURING THE 2019-20 SEASON, MADISON OPERA PRODUCED TWO PUBLIC PERFORMANCES AND A STUDENT MATINEE OF LA TRAVIATA AND TWO PERFORMANCES OF FELLOW TRAVELERS. DUE TO THE COVID-19 PANDEMIC, THE PRODUCTION OF ORPHEUS IN THE UNDERWORLD WAS CANCELLED, BUT ARTISTS AND PRODUCTION PERSONNEL WERE STILL COMPENSATED. OPERA IN THE PARK COULD NOT BE HELD IN PERSON, SO A DIGITAL VERSION WAS CREATED THAT WAS STREAMED IN 49 STATES AND 21 COUNTRIES. 5313 0 4130 MADISON OPERA HELD VARIOUS EDUCATION AND ENGAGEMENT PROGRAMS DURING THE YEAR, INCLUDING COMMUNITY PREVIEWS; OPERA UP CLOSE PRESENTATIONS; OPERA NOVICE PRESENTATIONS; THE HIGH SCHOOL APPRENTICE PROGRAM; A PARTNERSHIP WITH BIG BROTHERS BIG SISTERS; AND TWO PROGRAMS ABOUT THE HISTORICAL EVENTS BEHIND FELLOW TRAVELERS. 1255327 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 0 1 1 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 1 1 1 0 0 1 91 2 1 11 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 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 PEYTON ENGEL SECRETARY 1.00 X X 0 0 0 JOHN LEMKE VICE PRESIDENT 1.00 X X 0 0 0 DEEPIKA RAJESH VICE PRESIDENT 1.00 X X 0 0 0 CHARLES SNOWDON PRESIDENT 1.00 1.00 X X 0 0 0 THOMAS TERRY CHAIRMAN 1.00 1.00 X X 0 0 0 SUSAN ZAESKE TREASURER 1.00 1.00 X X 0 0 0 CARLA ALVARADO TRUSTEE 1.00 X 0 0 0 MAYTEE ASPURO TRUSTEE 1.00 X 0 0 0 MARTIN BARRETT TRUSTEE 1.00 1.00 X 0 0 0 GARY BENNETT TRUSTEE 1.00 X 0 0 0 VIKI BRIGHAM TRUSTEE 1.00 X 0 0 0 JOHN BUSCEMI TRUSTEE 1.00 X 0 0 0 LEANNE CORDISCO 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 AILEEN JENSEN LIFE TRUSTEE 1.00 X 0 0 0 R ROTH JUDD TRUSTEE 1.00 X 0 0 0 CONNIE KINSELLA TRUSTEE 1.00 X 0 0 0 FRAN KLOS 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 CONNIE MAXWELL TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL MCARDLE TRUSTEE 1.00 X 0 0 0 SONJA MICKSCH TRUSTEE 1.00 X 0 0 0 J MARSHALL OSBORN TRUSTEE 1.00 1.00 X 0 0 0 SHARYN STUMPF TRUSTEE 1.00 X 0 0 0 MARYANN SUMI TRUSTEE 1.00 X 0 0 0 J ASHLEY TAYLOR TRUSTEE 1.00 X 0 0 0 TOBY WALLACH TRUSTEE 1.00 X 0 0 0 KATHRYN SMITH GENERAL DIRECTOR 60.00 X 109385 0 7540 109385 0 7540 1 0 0 0 OVERTURE CENTER FOUNDATION INC 201 STATE ST MADISON WI 537032214 PERFORMANCE VENUE 168453 MADISON SYMPHONY ORCHESTRA INC 222 W WASHINGTON AVE MADISON WI 537032719 MUSICIANS FOR OPERA PERFORMANCES 118831 2 20045 205873 46265 1196409 20548 1468592 TICKET SALES 711110 287062 287062 PROGRAM EVENTS 711110 4070 4070 PLAYBILL AD SALES 541800 2625 2625 293757 748 748 20296 219177 0 189851 20296 29326 49622 29192 20430 7025 20045 10278 -3253 -3253 1397 568 829 829 3050 3050 3050 1813345 291132 31817 21804 X 123196 49278 36959 36959 278467 124562 86396 67509 5825 2521 1789 1515 1532 663 471 398 25510 11041 7834 6635 13363 13363 942534 942534 44813 44813 37044 18805 9079 9160 8869 4434 2661 1774 46282 20961 16937 8384 8227 8227 46526 23263 13958 9305 16074 8037 4822 3215 TAXES 50205 50205 DUES AND FEES 15852 15852 CATERING 10074 10074 5958 4415 1543 1680351 1255327 268553 156471 25652 8051 138500 169410 15318 14637 35970 30020 2504806 609419 1967312 1895387 154456 111356 14824 13702 4480 5040 2356512 2247603 99490 63641 227197 99096 229568 0 0 310977 212866 41903 769121 515617 X 926279 1020785 661112 711201 1587391 1731986 2356512 2247603 132994 11601 0 X 0 1 X 1 0 X 2120955 1057356 1305294 1672599 1468592 7624796 2120955 1057356 1305294 1672599 1468592 7624796 1614385 6010411 1556 891 1017 21737 21178 46379 55833 66721 63395 70335 26965 283249 7954424 2616233 0.75560 0.69370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 92500 92500 2323370 532125 1791245 88936 77294 11642 1895387 LINE OF CREDIT 41903 41903 2025643 11601 11601 2014042 -200697 -200697 1813345 1881048 200697 200697 1680351 0 1680351 PART III, LINE 1A: COLLECTION ITEMS CONSIST OF ART WORK THAT IS HELD FOR DISPLAY AND DECRETORY PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE CONSOLIDATED STATEMENTS OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. COLLECTION ITEMS ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED. PART III, LINE 4: COLLECTION ITEMS CONSIST OF ART WORK THAT IS HELD FOR DISPLAY AND DECRETORY PURPOSES. THE ART WORK DEPICTS THE OPERA IN ITS TRUE ART FORM AS WELL AS ENHANCES THE OFFICE PRESENCE. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -189,851. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -10,278. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B -568. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 189,851. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 10,278. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B 568. FALL FUNDRAISER 21685 19985 1700 3768 2905 OPERA IN THE PARK 5325 0 5325 3550 55 27010 19985 7025 7318 2960 10278 -3253 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 2020. 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 942,534. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 942,534. 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 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 MADISON OPERA FOUNDATION C 205873 BOOK VALUE