2020-02-06T16:27:45-06:00 2019-08-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2018-09-01 391789514 MADISON OPERA INC MADI 6082388085 335 W MIFFLIN ST MADISON WI 537032513 KATHRYN SMITH GENERAL DIRECTOR 6082388085 2020-02-04 1 SCOTT HAUMERSEN CPA P00084908 6082744020 66.222.124.178 2020-02-04 12:23:45 CS P 50C9C09D56ED613F9D7879BDC11063DCF385CB9F 74B0C536FBDEA54BE69F712409E5EA3D5A3AE8D3 2018 2020-04-17 16:48:07Z KATHRYN SMITH 335 W MIFFLIN ST MADISON WI 537032513 2467012 0 X WWW.MADISONOPERA.ORG X 1994 WI THE MISSION OF MADISON OPERA IS TO PRODUCE OPERAS OF THE HIGHEST ARTISTIC STANDARDS. 33 33 10 100 82066 69335 1305294 1672599 546606 476214 1017 969 63999 85581 1916916 2235363 0 250000 0 0 464415 424839 0 0 159554 1580884 1664002 2045299 2338841 -128383 -103478 2543987 2356512 859911 769121 1684076 1587391 THE MISSION OF MADISON OPERA IS TO PRODUCE OPERAS OF THE HIGHEST ARTISTIC STANDARDS. 0 0 1908998 250000 457925 DURING THE 2018-19 SEASON, MADISON OPERA PRODUCED TWO PERFORMANCES OF CAVALLERIA RUSTICANA & PAGLIACCI AS WELL AS A STUDENT MATINEE, TWO PERFORMANCES OF A LITTLE NIGHT MUSIC, AND TWO PERFORMANCES OF RUSALKA. THE SEASON ENDED WITH THE 18TH ANNUAL OPERA IN THE PARK, A FREE CONCERT ATTENDED BY OVER 10,000 PEOPLE. 14309 0 14295 MADISON OPERA HELD VARIOUS EDUCATION AND ENGAGEMENT PROGRAMS DURING THE YEAR, INCLUDING COMMUNITY PREVIEWS, OPERA UP CLOSE PRESENTATIONS, OPERA NOVICE PRESENTATIONS, A FILM PRESENTATION, A HIGH SCHOOL APPRENTICE PROGRAM, A PARTNERSHIP WITH BIG BROTHERS BIG SISTERS, AND OPERA TRIPS TO LYRIC OPERA OF CHICAGO. 1923307 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 99 2 10 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 CHARLES SNOWDON PRESIDENT 1.00 1.00 X X 0 0 0 THOMAS TERRY CHAIRMAN 1.00 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 SUSAN ZAESKE TREASURER 1.00 1.00 X X 0 0 0 PEYTON ENGEL SECRETARY 1.00 X 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 PHILLIP CERTAIN 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 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 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 SALLY MILEY TRUSTEE 1.00 X 0 0 0 J MARSHALL OSBORN TRUSTEE 1.00 1.00 X 0 0 0 WENDY MOORE SKINNER TRUSTEE 1.00 X 0 0 0 KIRSTEN SPIRA TRUSTEE 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 AILEEN JENSEN LIFE TRUSTEE 1.00 X 0 0 0 KATHRYN SMITH GENERAL DIRECTOR 60.00 X 110070 0 10305 110070 0 10305 1 0 0 0 OVERTURE CENTER FOUNDATION INC 201 STATE ST MADISON WI 537032214 PERFORMANCE VENUE 269276 MADISON SYMPHONY ORCHESTRA INC 222 W WASHINGTON AVE MADISON WI 537032719 MUSICIANS FOR OPERA PERFORMANCES 251954 2 37644 85298 45723 1503934 21141 1672599 TICKET SALES 711110 457925 457925 PROGRAM EVENTS 711110 12479 12479 PLAYBILL AD SALES 541800 5810 5810 476214 969 969 18518 264002 16702 185496 1816 78506 80322 1816 76256 2250 18585 37644 22478 -3893 -3893 6040 3814 2226 2226 3902 3159 743 743 6183 6183 6183 2235363 472220 82066 8478 X 250000 250000 124100 49640 37230 37230 256188 116953 75548 63687 5935 2600 1760 1575 12523 5486 3714 3323 26093 11431 7738 6924 10200 10200 906600 904247 2353 72336 72336 287690 269085 11539 7066 7236 3618 2171 1447 25286 25286 155968 89218 56815 9935 74970 74970 13530 13530 45650 22825 13694 9131 SALES TAXES 22476 22476 CATERING 22372 3136 19236 DUES AND FEES 19688 19688 2338841 1923307 255980 159554 37613 25652 168850 138500 22249 15318 36654 35970 2504806 537494 2035926 1967312 228075 154456 14620 14824 0 4480 2543987 2356512 51111 99490 244342 227197 564458 229568 0 212866 859911 769121 X 518689 926279 1165387 661112 1684076 1587391 2543987 2356512 -103478 6793 0 X 0 1 X 1 0 X 1600510 2120955 1057356 1305294 1672599 7756714 1600510 2120955 1057356 1305294 1672599 7756714 2159189 5597525 91 1556 891 1017 21737 25292 30485 55833 66721 63395 70335 286769 8068775 2958773 0.69370 0.70630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 92500 92500 2323370 467856 1855514 88936 69638 19298 1967312 LINE OF CREDIT 212866 212866 2269405 6793 45600 52393 2217012 18351 18351 2235363 2366090 45600 231649 277249 2088841 250000 250000 2338841 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 -202,198. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -22,478. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 9B -3,814. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B -3,159. ENDOWMENT CONTRIBUTION PASSED THROUGH TO THE FOUNDATION 250,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 202,198. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 22,478. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 9B 3,814. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B 3,159. PART XII, LINE 4B - OTHER ADJUSTMENTS: ENDOWMENT CONTRIBUTION PASSED THROUGH TO THE FOUNDATION 250,000. OPERA IN THE PARK 38048 20788 17260 10920 6982 FALL FUNDRAISER 18051 16726 1325 2945 1631 56099 37514 18585 13865 8613 22478 -3893 1 MADISON OPERA FOUNDATION INC 335 W MIFFLIN ST MADISON WI 537032513 392021767 501(C)(3) 250000 ENDOWMENT 1 0 PART I, LINE 2: THE GOVERNING BOARD APPROVED A CONTRIBUTION TO THE FOUNDATION FOR THE ENDOWMENT IN ACCORDANCE WITH THE DONOR'S ESTATE. 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 DIRECTORS 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 2019. 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 904,247. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 904,247. PAYROLL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,353. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,353. 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 85298 BOOK VALUE MADISON OPERA FOUNDATION B 250000 BOOK VALUE