2013-12-18T17:27:31-06:00 2013-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2012-07-01 010645482 OVERTURE CENTER FOUNDATION INC OVER 6082584177 201 STATE STREET MADISON WI 53703 TED DEDEE 6082584177 2013-12-18 1 TROY E MARINE CPA P00187863 4147775500 2013-12-18 2012 2016-02-25 16:41:14Z TED DEDEE 201 STATE STREET MADISON WI 53703 18286946 0 X WWW.OVERTURECENTER.COM X 2002 WI THE ORGANIZATION OPERATES THE OVERTURE CENTER FOR THE ARTS (THE CENTER), 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. 21 21 338 500 0 0 3248237 3268996 5293909 15007277 1305 10673 0 0 8543451 18286946 0 0 0 0 2938499 5974833 0 0 397651 4444054 11637966 7382553 17612799 1160898 674147 6958357 6641904 5198066 4083169 1760291 2558735 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; DEVELOP AUDIENCES FOR THE ARTS THROUGH HIGH-QUALITY OUTREACH AND PROGRAMMING; ADVANCE THE MISSION OF RESIDENT ORGANIZATIONS; ADVOCATE FOR THE DEVELOPMENT OF THE ARTS IN THE COMMUNITY; PROVIDE A WORLD-CLASS FORUM FOR DIVERSE ARTISTIC EXPRESSION. 0 0 13620120 14040632 OVERTURE CENTER HOSTED HUNDREDS OF TICKETED EVENTS WITH OUR BOX OFFICE SELLING MORE THAN 329,000 TICKETS. OVERTURE CENTER PRESENTED 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 MEGA-HITS. IN FULFILLING ITS MISSION OF ACCESS TO THE ARTS, OVERTURE STRIVES TO KEEP TICKET PRICES AFFORDABLE; THE AVERAGE TOP TICKET PRICE FOR NON-BROADWAY PERFORMANCES WAS UNDER $40. ADDITIONALLY, OVERTURE SUBSIDIZES AND SUPPORTS THE WORK OF TEN LOCAL, NONPROFIT RESIDENT ARTS COMPANIES WHO SOLD OVER 102,500 TICKETS TO THEIR PERFORMANCES. 1184302 350474 OVERTURE CENTER FULFILLS THE CORE OF ITS MISSION THROUGH FOURTEEN COMMUNITY ENGAGEMENT AND EDUCATION PROGRAMS. AS A RESULT OF THESE PROGRAMS LAST YEAR, OVER 116,000 PEOPLE SAW A FREE PERFORMANCE OR VISUAL EXHIBIT. THE PROGRAMS INCLUDED OVERTURE ONSTAGE THAT ATTRACTED MORE THAN 25,000 ELEMENTARY AND HIGH SCHOOL STUDENTS TO DAYTIME PERFORMANCES DURING THE SCHOOL YEAR; KIDS IN THE ROTUNDA THAT ATTRACTED MORE THAN 36,000 KIDS AND PARENTS TO FREE PERFORMANCES; AND COMMUNITY ARTS ACCESS THAT ATTRACTED OVER 24,000 VISITORS TO PERFORMANCES BY LOCAL ARTISTS. 961103 616171 VARIOUS UNIQUE SPACES WITHIN OVERTURE CENTER ARE AVAILABLE FOR RENT TO THE PUBLIC TO HOLD SPECIAL EVENTS AND MEETINGS. OVERTURE'S NATURE AS A COMMUNITY ARTS CENTER PROVIDES FOR THE KIND OF EXPERIENCE UNAVAILABLE AT OTHER EVENT VENUES. 15765525 1 1 0 0 0 0 0 1 0 1 1 0 0 0 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 0 0 0 1 X 62 0 338 1 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X TED DEDEE CEO 6082584177 201 STATE STREET MADISON WI 53703 BETTY HARRIS CUSTER 1.00 X 0 0 0 BILL JOHNSTON 1.00 X 0 0 0 BRIAN BUTLER 1.00 X 0 0 0 CHARLES SAEMAN 1.00 X 0 0 0 DEIRDRE GARTON 1.00 X X 0 0 0 DIANNE CHRISTENSEN 1.00 X X 0 0 0 DICK KEINTZ 1.00 X X 0 0 0 GREG DOMBROWSKI 1.00 X 0 0 0 JIM BURGESS 1.00 X 0 0 0 JIM IMHOFF 1.00 X 0 0 0 JOE SENSENBRENNER 1.00 X 0 0 0 KEVIN CONROY 1.00 X 0 0 0 LINDA BALDWIN 1.00 X 0 0 0 LON SPRECHER 1.00 X 0 0 0 MIKE VERVEER 1.00 X 0 0 0 PABLO SANCHEZ 1.00 X 0 0 0 RICHARD DAVIS 1.00 X 0 0 0 ROBERTA GASSMAN 1.00 X 0 0 0 RUSSELL BETTS 1.00 X 0 0 0 TOM BASTING 1.00 X X 0 0 0 TOM TERRY 1.00 X 0 0 0 CHRIS BAUMAN 40.00 X 70509 0 14202 TED DEDEE 40.00 X 137823 0 13763 208332 0 27965 1 0 1 0 MUNCHKINLAND PRODUCTIONS 321 W 44TH STREET SUITE 801 NEW YORK NY 10036 PERFORMING ARTS SHOW - TOURING COMPANY 2238154 JB NATIONAL TOUR LP DODGERS PORPERTIES 311 W 43RD STREET NEW YORK NY 10036 PERFORMING ARTS SHOW - TOURING COMPANY 1605470 KEY BRAND THEATER GROUP 1619 BROADWAY 9TH FLOOR NEW YORK NY 10019 PERFORMING ARTS SHOW - TOURING COMPANY 850606 MP TOURING COMPANY 7135 MINSTREL WAY SUITE 105 COLUMBIA MD 21045 PERFORMING ARTS SHOW - TOURING COMPANY 532577 WEST SIDE TOURING LLC 818 WEST DIAMOND AVENUE SUITE 250 GAITHERSBURG MD 20878 PERFORMING ARTS SHOW - TOURING COMPANY 461434 16 1800000 1468996 67400 3268996 TICKET SALES AND FEES 711190 12480776 12480776 FACILITY RENTALS AND SERVICES 711190 1689439 1689439 837062 837062 15007277 10673 10673 18286946 15007277 0 10673 151585 151585 4579310 3870996 466545 241769 94882 94882 718254 612385 57135 48734 430802 361631 48590 20581 699487 542697 155159 1631 1056180 1004096 21906 30178 129877 90780 38243 854 629967 373033 256308 626 1065805 1012515 42632 10658 77332 59879 14836 2617 2149 2149 155568 152456 2334 778 170752 151969 17075 1708 ARTIST & PERFORMANCE FE 7348155 7346530 1625 CATERING/FOOD/BEVERAGE 158409 117314 6358 34737 PERMITS/LICENSES 63954 63954 RESALE MERCHANDISE 29098 29098 51233 5290 44788 1155 17612799 15765525 1449623 397651 3391220 3042640 1195326 973761 241088 400260 258343 203859 1846936 1021993 736904 824943 1135476 1196441 6958357 6641904 760310 1012800 4172849 2877629 264907 192740 5198066 4083169 X -715077 222339 1645368 1491396 830000 845000 1760291 2558735 6958357 6641904 674147 124297 0 X 0 1 X 1 0 X 580414 849756 1209729 3248237 3268996 9157132 15007277 15007277 580414 849756 1209729 3248237 18276273 24164409 0 0 0 24164409 7406 8395 2831 1305 10673 30610 7406 8395 2831 1305 10673 30610 587820 858151 1212560 3249542 18286946 24195019 0.99870 0.99170 0.00130 0.00830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 1135476 15000 123228 63332 13931 1196441 1174403 47582 79662 6847 1135476 0.71000 0.29000 1 0 1743060 1021993 721067 103876 103876 824943 X 18286946 0 18286946 0 18286946 17612799 0 17612799 0 17612799 PART III, LINE 1A: THE AUDUBON ENGRAVINGS COLLECTION OCF HOLDS, 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 DEACCESSIONS IN 2012 OR 2013. PART III, LINE 4: AS DR. RICHARD ANDERSON (OCF COLLECTION DONATOR) SAID, "THE AUDUBON ENGRAVINGS CALL TO THE VIEWER TO UNDERSTAND THE ENVIRONMENTAL ETHIC THAT SO THOROUGHLY MOTIVATED AUDUBON. HE AFFECTED SOCIETY WITH HIS ART WORK 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 THE ART CARRIES - OF CONSERVATION AND PUBLIC TRUST." THEY FURTHER OCF'S EXEMPT PURPOSE IN PROVIDING ANOTHER MEANS OF ENGAGING THE COMMUNITY IN THE ARTS THROUGH A BROAD SPECTRUM OF ARTISTIC ALTERNATIVES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: IN ACCORDANCE WITH THE ACCOUNTING STANDARD ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, OVERTURE CENTER FOUNDATION, INC. AND OVERTURE DEVELOPMENT CORPORATION, INC. ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, A TAX BENEFIT MAY BE RECOGNIZED FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO SIGNIFICANT UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING FISCAL YEAR 2013. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. AND STATE TAXING AUTHORITIES ARE FOR THE YEARS 2009 TO 2012, WHICH STATUTES EXPIRE IN 2013 TO 2016, RESPECTIVELY. X X X 0 0 0 0 0 0 0 0 0 TED DEDEE 135127 0 0 0 2696 0 3508 0 10255 0 151586 0 0 0 X 3 67400 GROSS STOCK SALE VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: FOUR STOCK CONTRIBUTIONS WERE RECEIVED FROM THREE INDIVIDUALS IN FISCAL YEAR 2012-13 AS FOLLOWS: FIVE SHARES OF BANK OF MONTREAL SECURITIES WERE RECEIVED IN MAY 2013 AT $62.36/SHARE, FROM A DONOR. GROSS PROCEEDS WERE $311.80 LESS INVESTMENT FEES OF $45, NETTING $266.80 RECEIVED BY OVERTURE. AT THE SAME TIME IN MAY 2013, 139 SHARES OF FIS SECURITIES WERE RECEIVED AT $42.431/SHARE, ALSO FROM THE SAME DONOR. GROSS PROCEEDS WERE $5,897.91 LESS INVESTMENT FEES OF $53.14, NETTING $5,844.77 RECEIVED BY OVERTURE. 499 SHARES OF KIMBERLY CLARK CORP. SECURITIES WERE RECEIVED IN APRIL 2013 AT $102.074/SHARE, FROM ANOTHER DONOR. GROSS PROCEEDS WERE $50,934.93 LESS INVESTMENT FEES OF $152.15, NETTING $50,782.78 RECEIVED BY OVERTURE. 645 SHARES OF HARDING LOENVER INTL EQUITY INSTL CL WERE RECEIVED IN DECEMBER 2012 AT $15.90 PER SHARE FROM A THIRD DONOR. GROSS PROCEEDS WERE $10,255.50 LESS INVESTMENT FEES OF $45, NETTING $10,210.50 RECEIVED BY OVERTURE. TOTAL GROSS PROCEEDS FROM STOCK CONTRIBUTIONS EQUAL $67,400.14. EXPLANATION FOR NOT FILING FORM 990-T FORM 990, PART V, LINE 3B THE ORGANIZATION JUST RECENTLY DETERMINED A 2012 990-T FILING IS NECESSARY. IT HAS NOT YET BEEN FILED BUT IS IN PROCESS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, ALL OF THE POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION, WITH THE EXCEPTION THAT IT MAY NOT ELECT OFFICERS OR FILL VACANCIES ON THE BOARD OR COMMITTEES. FORM 990, PART VI, SECTION A, LINE 7A THE MAYOR OF THE CITY OF MADISON MAY APPOINT AT LEAST THREE (3) DIRECTORS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE CEO AND THE FINANCE COMMITTEE REVIEW THE 990 AT A REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE REQUIRED TO SIGN AN ANNUAL DISCLOSURE UPDATE WHICH IS GIVEN TO THE GOVERNANCE COMMITTEE. BOARD MEMBERS ARE REQUIRED TO DISCLOSE DURING THE YEAR ANY POTENTIAL CONFLICTS OF INTEREST THAT THEY MAY HAVE OR BELIEVE MAY EXIST WITH ANOTHER BOARD MEMBER TO THE GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR INVESTIGATING AND PROVIDING A RECOMMENDATION THE BOARD CHAIR. LEGAL COUNSEL MAY BE CONTACTED TO PROVIDE GUIDANCE AND ADVICE AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15A WHEN THE PRESIDENT WAS HIRED, THE BOARD ESTABLISHED A SEARCH COMMITTEE TO FACILITATE THE HIRING PROCESS. A SEARCH FIRM WAS HIRED TO ASSIST IN THE RECRUITMENT PROCESS. THE SEARCH FIRM PROVIDED COMPARABILITY DATA TO THE COMMITTEE. THE SEARCH COMMITTEE RECOMMENDED A COMPENSATION RANGE TO THE BOARD OF DIRECTORS. THE PRESIDENT HAS RECEIVED NO WAGE INCREASE SINCE BEING HIRED. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S PUBLIC WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S BUSINESS OFFICE. OVERTURE DEVELOPMENT CORPORATION 201 STATE STREET MADISON WI 53703 SUPPORTING ORGANIZATION WI 501(C)(3) LINE 11A, I OVERTURE CENTER FOUNDATION INC 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0