2013-12-10T12:17:18-06:00 2012-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2011-07-01 010645482 OVERTURE CENTER FOUNDATION INC OVER 6082584177 201 STATE STREET MADISON WI 53703 TED DEDEE 6082584177 2013-12-06 1 TROY E MARINE CPA P00187863 4147775500 2013-12-06 2011 2016-03-07 17:11:31Z X TED DEDEE 201 STATE STREET MADISON WI 53703 8543451 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 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. 21 21 21 0 0 0 1209729 3248237 0 5293909 2831 1305 4740 0 1217300 8543451 953800 0 0 0 169978 2938499 0 0 271613 543439 4444054 1667217 7382553 -449917 1160898 1506555 6958357 1311662 5198066 194893 1760291 X 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. 1 0 5183591 4462097 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. 390772 491962 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. 357378 251900 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. 5931741 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 10 0 21 1 0 0 0 0 0 1 1 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 X TED DEDEE CEO 6082584177 201 STATE STREET MADISON WI 53703 DEIRDRE GARTON 1.00 X X 0 0 0 TOM BASTING 1.00 X X 0 0 0 DIANNE CHRISTENSEN 1.00 X X 0 0 0 LINDA BALDWIN 1.00 X 0 0 0 BRIAN BUTLER 1.00 X 0 0 0 GREG DOMBROWSKI 1.00 X 0 0 0 CHARLES SAEMAN 1.00 X 0 0 0 TOM TERRY 1.00 X 0 0 0 RUSSELL BETTS 1.00 X 0 0 0 JIM BURGESS 1.00 X 0 0 0 KEVIN CONROY 1.00 X 0 0 0 BETTY HARRIS CUSTER 1.00 X 0 0 0 RICHARD DAVIS 1.00 X 0 0 0 ROBERTA GASSMAN 1.00 X 0 0 0 BILL JOHNSTON 1.00 X 0 0 0 JIM IMHOFF 1.00 X 0 0 0 PABLO SANCHEZ 1.00 X 0 0 0 JOE SENSENBRENNER 1.00 X 0 0 0 LON SPRECHER 1.00 X 0 0 0 MIKE VERVEER 1.00 X 0 0 0 DICK KEINTZ 1.00 X X 0 0 0 TOM CARTO 40.00 X 234148 0 27576 234148 0 27576 1 0 1 0 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 5 925000 2323237 3248237 TICKET SALES AND FEES 711190 3902383 3902383 FACILITY RENTALS AND S 711190 977445 977445 414081 414081 5293909 1305 1305 8543451 5293909 0 1305 X 2938499 2178533 558207 201759 349111 335265 13846 68738 42799 25765 174 317466 155673 161230 563 69045 67319 1381 345 92019 81897 9202 920 ARTISTS AND PERFORMING 2137490 2135640 1850 CONTRACT AND PROFESSION 478200 140604 337246 350 UTILITIES 315146 299389 12606 3151 FACILITIES MAINTENANCE 192896 183251 7716 1929 423943 311371 65846 46726 7382553 5931741 1179199 271613 3391220 719319 787236 1195326 0 241088 0 258343 1603329 866425 0 736904 1135476 1506555 6958357 25658 760310 1286004 0 0 4172849 0 264907 1311662 5198066 X -412444 -715077 607337 1645368 830000 194893 1760291 1506555 6958357 X 1160898 404500 X X 0 1 1 X 0 X 624560 580414 849756 1209729 3248237 6512696 624560 580414 849756 1209729 3248237 6512696 0 0 0 6512696 34762 7406 8395 2831 1305 54699 34762 7406 8395 2831 1305 54699 659322 587820 858151 1212560 3249542 6567395 0.99170 0.00830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 0 1174403 47582 0 79662 6847 1135476 0.00000 0.73000 0.27000 1 0 331734 58664 273070 1271595 807761 463834 736904 MULTI-ASSET ENDOWMENT PORTFOLIO 1135476 C 1135476 8543451 7382553 1160898 40735 363765 404500 1565398 8584186 40735 40735 8543451 0 8543451 7382553 0 7382553 0 7382553 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. PART XI, LINE 8 - OTHER ADJUSTMENTS: MERGER OF NET ASSETS OF MCAD 363,765. X X X 1 0 0 0 0 0 0 0 0 TOM CARTO 160079 0 0 0 74069 0 11731 0 15845 0 261724 0 0 0 PART I, LINE 4A 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. 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. 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 501(C)(3) OVERTURE CENTER FOUNDATION INC 0 0 1 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0