OVERTURE CENTER FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- OVERTURE CENTER FOUNDATION INC (EIN 01-0645482)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-12-10
- IRS object ID
- 201333449349300013
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-12-10T12:17:18-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390859910 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 E WISCONSIN AVENUE 32ND FLOOR | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 53202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010645482 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OVERTURE CENTER FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | OVER | NameControl |
| Phone | 6082584177 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 STATE STREET | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 53703 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TED DEDEE | Name |
| Title | PRESIDENT/CEO | Title |
| Phone | 6082584177 | Phone |
| Date Signed | 2013-12-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TROY E MARINE CPA | Name |
| PTIN | P00187863 | PTIN |
| Phone | 4147775500 | Phone |
| Date Prepared | 2013-12-06 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | X | AmendedReturn |
| Name Of Principal Officer Person | TED DEDEE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 STATE STREET | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 53703 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8543451 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.OVERTURECENTER.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION OPERATES THE OVERTURE CENTER FOR THE ARTS (THE CENTER) A PERFORMING AND VISUAL ARTS CENTER. ITS MISSION IS TO ENGAGE THE COMMUNITY IN THE ARTS BY PRESENTING A BROAD SPECTRUM OF HIGH QUALITY PERFORMING ARTS PROGRAMMING AND EDUCATIONAL OUTREACH PROGRAMS. THE OVERTURE CENTER FOUNDATION ALSO RAISES FUNDS TO SUPPORT FREE AND LOW COST COMMUNITY PROGRAMS, AS WELL AS OTHER PROGRAMS AND INTITIATIVES TO ADVANCE THE MISSION. TEN LOCAL PERFORMING ARTS COMPANIES ARE RESIDENT ORGANIZATIONS OF THE CENTER. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 21 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1209729 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3248237 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5293909 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2831 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1305 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 4740 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1217300 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8543451 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 953800 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 169978 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2938499 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 271613 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 543439 | OtherExpensePriorYear |
| Other Expenses Current Year | 4444054 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1667217 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7382553 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -449917 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1160898 | RevenuesLessExpensesCY |
| Total Assets BOY | 1506555 | TotalAssetsBOY |
| Total Assets EOY | 6958357 | TotalAssetsEOY |
| Total Liabilities BOY | 1311662 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 5198066 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 194893 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1760291 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | PRESENT 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. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5183591 | Expense |
| Revenue | 4462097 | Revenue |
| Description | OVERTURE CENTER HOSTED HUNDREDS OF TICKETED EVENTS WITH OUR BOX OFFICE SELLING MORE THAN 277,000 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. ABOUT 84,000 PEOPLE BOUGHT TICKETS TO BROADWAY PERFORMANCES AND ANOTHER NEARLY 60,000 PEOPLE BOUGHT TICKETS TO OTHER PERFORMANCES. ADDITIONALLY, OVERTURE SUBSIDIZES AND SUPPORTS THE WORK OF TEN LOCAL, NONPROFIT RESIDENT ARTS COMPANIES WHO SOLD APPROXIMATELY 93,000 TICKETS. OTHER LOCAL PERFORMANCE GROUPS AND PROFESSIONAL CONCERT PROMOTERS WHO RENTED OVERTURE VENUES SOLD APPROXIMATELY 40,000 TICKETS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 390772 | Expense |
| Revenue | 491962 | Revenue |
| Description | OVERTURE CENTER FULFILLS THE CORE OF ITS MISSION THROUGH MORE THAN A DOZEN COMMUNITY ENGAGEMENT AND EDUCATION PROGRAMS. AS A RESULT OF THESE PROGRAMS LAST YEAR, OVER 175,000 PEOPLE SAW A FREE PERFORMANCE OR VISUAL EXHIBIT AND ALMOST 40,000 SAW A PERFORMANCE FOR $10 OR LESS. MORE THAN 5,000 STUDENTS HAD ADDITIONAL EDUCATIONAL EXPERIENCES. THE PROGRAMS INCLUDED OVERTURE ONSTAGE THAT ATTRACTED MORE THAN 34,000 ELEMENTARY AND HIGH SCHOOL STUDENTS TO DAYTIME PERFORMANCES DURING THE SCHOOL YEAR; KIDS IN THE ROTUNDA THAT ATTRACTED OVER 30,000 CHILDREN AND PARENTS TO FREE PERFORMANCES; AND COMMUNITY ARTS ACCESS THAT ATTRACTED OVER 30,000 VISITORS TO PERFORMANCES BY LOCAL ARTISTS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 357378 | Expense |
| Revenue | 251900 | Revenue |
| Description | 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 5931741 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 10 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 21 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TED DEDEE CEO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6082584177 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 STATE STREET | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 53703 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DEIRDRE GARTON | |||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| TOM BASTING | |||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| DIANNE CHRISTENSEN | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| LINDA BALDWIN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BRIAN BUTLER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| GREG DOMBROWSKI | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| CHARLES SAEMAN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| TOM TERRY | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| RUSSELL BETTS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JIM BURGESS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| KEVIN CONROY | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BETTY HARRIS CUSTER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD DAVIS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROBERTA GASSMAN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BILL JOHNSTON | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JIM IMHOFF | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| PABLO SANCHEZ | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JOE SENSENBRENNER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| LON SPRECHER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MIKE VERVEER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DICK KEINTZ | |||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| TOM CARTO | |||||||
| PAST PRESIDENT/CEO | 40.00 | 234148 | 0 | 27576 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 234148 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 27576 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BLUENET LLC | |||||
| 7135 MINSTREL WAY | COLUMBIA | MD | 21045 | PERFORMING ARTS SHOW- TOURING COMPANY BE | 503624 |
| ADDAMS ACROSS AMERICA LLC | |||||
| 800 LASALLE AVE STE 120 | MINNEAPOLIS | MN | 55400 | PERFORMING ARTS SHOW- TOURING COMPANY TH | 369217 |
| CATS-EYE LLC | |||||
| 1790 BROADWAY 6TH FLOOR | NEW YORK | NY | 10033 | PERFORMING ARTS SHOW TOURING COMPANY CAT | 229568 |
| 5 NINES | |||||
| 222 W WASHINGTON AVE SUITE 360 | MADISON | WI | 53703 | INFORMATION TECHNOLOGY SUPPORT AND SERVI | 187002 |
| MATCHMAKER TOURING LLC | |||||
| 145 W 4TH ST 8TH FLOOR | NEW YORK | NY | 10036 | PERFORMING ARTS SHOW - TOURING COMPANY - | 182464 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 925000 | GovernmentGrants |
| All Other Contributions | 2323237 | AllOtherContributions |
| Total Contributions | 3248237 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TICKET SALES AND FEES | 711190 | 3902383 | 3902383 |
| FACILITY RENTALS AND S | 711190 | 977445 | 977445 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 414081 | TotalRevenueColumn |
| Related Or Exempt Function Income | 414081 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5293909 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1305 | TotalRevenueColumn |
| Exclusion | $1,305 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8543451 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5293909 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,305 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2938499 | Total |
| Program Services | 2178533 | ProgramServices |
| Management And General | 558207 | ManagementAndGeneral |
| Fundraising | 201759 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 349111 | Total |
| Program Services | 335265 | ProgramServices |
| Fundraising | 13846 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68738 | Total |
| Program Services | 42799 | ProgramServices |
| Management And General | 25765 | ManagementAndGeneral |
| Fundraising | 174 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 317466 | Total |
| Program Services | 155673 | ProgramServices |
| Management And General | 161230 | ManagementAndGeneral |
| Fundraising | 563 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69045 | Total |
| Program Services | 67319 | ProgramServices |
| Management And General | 1381 | ManagementAndGeneral |
| Fundraising | 345 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92019 | Total |
| Program Services | 81897 | ProgramServices |
| Management And General | 9202 | ManagementAndGeneral |
| Fundraising | 920 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| ARTISTS AND PERFORMING | 2137490 | 2135640 | 1850 | |
| CONTRACT AND PROFESSION | 478200 | 140604 | 350 | 337246 |
| UTILITIES | 315146 | 299389 | 3151 | 12606 |
| FACILITIES MAINTENANCE | 192896 | 183251 | 1929 | 7716 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 423943 | Total |
| Program Services | 311371 | ProgramServices |
| Management And General | 65846 | ManagementAndGeneral |
| Fundraising | 46726 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7382553 | Total |
| Program Services | 5931741 | ProgramServices |
| Management And General | 1179199 | ManagementAndGeneral |
| Fundraising | 271613 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 3391220 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 719319 | BOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 787236 | BOY |
| EOY | 1195326 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 241088 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 258343 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1603329 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 866425 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 736904 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1135476 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1506555 | BOY |
| EOY | 6958357 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25658 | BOY |
| EOY | 760310 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1286004 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 4172849 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 264907 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1311662 | BOY |
| EOY | 5198066 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -412444 | BOY |
| EOY | -715077 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 607337 | BOY |
| EOY | 1645368 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 830000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 194893 | BOY |
| EOY | 1760291 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1506555 | BOY |
| EOY | 6958357 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1160898 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 404500 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 624560 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 580414 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 849756 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1209729 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3248237 | CurrentTaxYear |
| Total | 6512696 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 624560 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 580414 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 849756 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1209729 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3248237 | CurrentTaxYear |
| Total | 6512696 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 6512696 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 34762 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7406 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8395 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2831 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1305 | CurrentTaxYear |
| Total | 54699 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 34762 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7406 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8395 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2831 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1305 | CurrentTaxYear |
| Total | 54699 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 659322 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 587820 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 858151 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1212560 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3249542 | CurrentTaxYear |
| Total | 6567395 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.99170 | PublicSupportPercentage509 |
| Investment Income Percentage | 0.00830 | InvestmentIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 0 | BeginningOfYearBalance |
| Contributions | 1174403 | Contributions |
| Investment Earnings Or Losses | 47582 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 79662 | OtherExpenditures |
| Administrative Expenses | 6847 | AdministrativeExpenses |
| End Of Year Balance | 1135476 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.73000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.27000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 331734 | OtherCostOrOtherBasis |
| Depreciation | 58664 | Depreciation |
| Book Value | 273070 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1271595 | OtherCostOrOtherBasis |
| Depreciation | 807761 | Depreciation |
| Book Value | 463834 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 736904 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MULTI-ASSET ENDOWMENT PORTFOLIO | Description |
| Book Value | 1135476 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 1135476 | TotalOfBookValueSecurities |
| Total Revenue | 8543451 | TotalRevenue |
| Total Expenses | 7382553 | TotalExpenses |
| Excess Or Deficit For Year | 1160898 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 40735 | NetUnrealizedGLOnInvestments |
| Other | $363,765 | OtherAmount |
| Total Adjustments | 404500 | TotalAdjustments |
| Excess Or Deficit Per FS | 1565398 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 8584186 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 40735 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 40735 | RevenueNotRptdF990 |
| Revenue Subtotal | 8543451 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 8543451 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7382553 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 7382553 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7382553 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 2011 OR 2012. | |
| 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. | |
| MERGER OF NET ASSETS OF MCAD 363,765. | PART XI, LINE 8 - OTHER ADJUSTMENTS: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | TOM CARTO | NamePerson |
| Base Compensation Filing Org | 160079 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 74069 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 11731 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 15845 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 261724 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4A | ReturnReference |
| Explanation | FORMER PRESIDENT & CEO, MR. CARTO, RECEIVED WAGES/COMPENSATION IN 2011 AS REPORTED IN PART VII. IN 2012 MR. CARTO RECEIVED $34,100 IN CONSULTING FOR WORK DURING THE PERIOD JANUARY 15-MARCH 31, 2012. EMPLOYMENT TAXES WERE NOT WITHHELD AND A 2012 FORM 1099-M WAS ISSUED TO MR. CARTO. ON APRIL 12, 2012, CARTO RECEIVED A CHECK FOR $39,969 FOR SEVERANCE. EMPLOYMENT TAXES WERE NOT WITHHELD FROM THIS PAYMENT EITHER AND IT WAS INCLUDED ON THE 2012 FORM 1099-M ISSUED TO MR. CARTO. UPON FURTHER REVIEW, THE OVERTURE CENTER CONCLUDED THE CONSULTING AND SEVERANCE SHOULD NOT HAVE BEEN HANDLED VIA A 1099 AND RATHER SHOULD HAVE BEEN TREATED AS RECEIVED BY AN EMPLOYEE, WITH EMPLOYMENT TAXES WITHHELD AND REPORTED ON A FORM W2. AS A RESULT, THE CENTER FILED AN AMENDED 941 (941-X), TO PAY THE EMPLOYMENT TAXES THAT SHOULD HAVE BEEN PAID. IN ADDITION, THE CENTER ISSUED A 2012 FORM W2-C AND AN AMENDED FORM 2012 1099-M TO MR. CARTO TO CORRECTLY REPORT THE 2012 CONSULTING AND SEVERANCE PAY. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | THE ORGANIZATION TOOK OVER COMPLETE OPERATIONS OF THE OVERTURE CENTER FOR THE ARTS EFFECTIVE JANUARY 1, 2012. |
| 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 BEFORE FILING. | |
| 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 THIS PAST YEAR, 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. | |
| 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. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 40,735. MERGER OF NET ASSETS OF MCAD 363,765. TOTAL TO FORM 990, PART XI, LINE 5: 404,500. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS FROM THE PRIOR YEAR. | |
| AMENDED RETURN | FORM 990, LINE B | REVISION OF BALANCE SHEET INFORMATION AND SCHEDULE D AS ORIGINALLY FILED DUE TO INADVERTENT REPORTING OF ASSETS NOT TITLED IN THE OVERTURE CENTER FOUNDATION'S NAME. REVISION OF STATEMENT OF FUNCTIONAL EXPENSES FOR BANK FEES AND DEPRECIATION FROM OVERTURE DEVELOPMENT CORPORATION INADVERTENTLY INCLUDED ON THE RETURN. REVISION TO PART VII AND SCHEDULE J TO INCLUDE CONSULTING AND SEVERANCE PAYMENTS TO TOM CARTO MADE IN 2012. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg | Exempt Code SectionExemptCodeSection |
|---|---|---|---|---|---|---|---|---|
| MADISON CULTURAL ARTS DISTRICT | ||||||||
| 201 STATE STREET | MADISON | WI | 53703 | PERFORMING ARTS CENTER | WI | CITY OF MADISON | 0 | |
| OVERTURE DEVELOPMENT CORPORATION | ||||||||
| 201 STATE STREET | MADISON | WI | 53703 | SUPPORTING ORGANIZATION | WI | OVERTURE CENTER FOUNDATION INC | 0 | 501(C)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 1 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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