2024-12-20T10:21:16-06:00 2024-08-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2023-09-01 391789514 MADISON OPERA INC MADI 6082388085 335 W MIFFLIN ST MADISON WI 53703 KATHRYN SMITH GENERAL DIRECTOR 6082388085 2024-12-19 1 0 JASON STEPHENS CPA P01263225 6082744020 2024-12-19 2023 2024-10-15 13:58:12Z KATHRYN SMITH 335 W MIFFLIN ST MADISON WI 53703 2631391 0 X MADISONOPERA.ORG X 1994 WI THE MISSION OF MADISON OPERA IS TO PRODUCE OPERAS OF THE HIGHEST ARTISTIC STANDARDS. 28 28 11 100 2688 0 1565984 1763837 479679 528540 765 881 101517 313502 2147945 2606760 30000 100014 0 0 563592 579125 0 0 197735 1784763 2092123 2378355 2771262 -230410 -164502 2489023 2402964 288909 328006 2200114 2074958 THE MISSION OF MADISON OPERA IS TO PRODUCE OPERAS OF THE HIGHEST ARTISTIC STANDARDS. 0 0 2233826 100014 525852 DURING THE 2023-24 SEASON, MADISON OPERA PRODUCED TWO PERFORMANCES OF TOSCA, TWO PERFORMANCES OF THE ANONYMOUS LOVER, AND TWO PERFORMANCES OF CANDIDE. THE SEASON ENDED WITH A FREE PERFORMANCE OF OPERA IN THE PARK.MADISON OPERA HELD VARIOUS EDUCATION AND ENGAGEMENT PROGRAMS DURING THE YEAR, INCLUDING STUDIO ARTIST RECITALS, COMMUNITY PREVIEWS, OPERA UP CLOSE PRESENTATIONS, DIGITAL PRESENTATIONS, A STUDENT MATINEE, AND A HIGH SCHOOL APPRENTICE PROGRAM. 2233826 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 109 1 1 11 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 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 53703 FRANZO LAW II SECRETARY 1.00 X X 0 0 0 MARTHA CASEY VICE PRESIDENT 1.00 X X 0 0 0 LYNN MECKLENBURG VICE PRESIDENT 1.00 X X 0 0 0 PEYTON ENGEL PRESIDENT 1.00 1.00 X X 0 0 0 THOMAS TERRY CHAIRMAN 1.00 1.00 X X 0 0 0 BRIAN HALTINNER TREASURER 1.00 1.00 X X 0 0 0 CARLA ALVARADO TRUSTEE 1.00 X 0 0 0 JOHN LEMKE TRUSTEE 1.00 X 0 0 0 DAVID FLANDERS TRUSTEE 1.00 X 0 0 0 LARRY BECHLER 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 VIKI BRIGHAM TRUSTEE 1.00 X 0 0 0 LEANNE CORDISCO TRUSTEE 1.00 X 0 0 0 CONNIE KINSELLA 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 MARTIN BARRETT TRUSTEE 1.00 1.00 X 0 0 0 BARBARA MERZ TRUSTEE 1.00 X 0 0 0 SALLY MILEY TRUSTEE 1.00 1.00 X 0 0 0 J MARSHALL OSBORN TRUSTEE 1.00 1.00 X 0 0 0 TOBY WALLACH TRUSTEE 1.00 X 0 0 0 AILEEN JENSEN LIFE TRUSTEE (THRU OCTOBER) 1.00 X 0 0 0 CYRENA PONDROM TRUSTEE 1.00 X 0 0 0 SONJA YDE TRUSTEE 1.00 X 0 0 0 SHARYN STUMPF TRUSTEE 1.00 X 0 0 0 JANE TAVES TRUSTEE 1.00 X 0 0 0 SELMA VANEYCK TRUSTEE 1.00 X 0 0 0 KATHRYN SMITH GENERAL DIRECTOR 60.00 X 142931 0 8513 142931 0 8513 1 0 1 0 0 29856 104416 43832 1585733 1763837 TICKET SALES 711110 525852 525852 PLAYBILL AD SALES 541800 2688 2688 528540 881 881 294000 1400 0 0 294000 1400 295400 295400 15902 29856 17834 -1932 -1932 7092 3777 3315 3315 6521 3020 3501 3501 13218 13218 13218 2606760 525852 2688 314383 100014 100014 164277 98620 31882 33775 358137 215000 69505 73632 8847 5311 1717 1819 10551 6334 2048 2169 37313 22400 7242 7671 16378 16378 85861 85861 39791 21986 8685 9120 10581 10581 17510 17510 287108 143554 114843 28711 1120 1120 59471 29736 17841 11894 9436 5665 1831 1940 OPERA PRODUCTION FEES 1481835 1481835 TAXES 35207 35207 DONOR CULTIVATION 27004 27004 DUES AND FEES 20821 20821 2771262 2233826 339701 197735 126075 34028 197250 221495 19162 18338 44923 49641 2504806 848027 1716250 1656779 216092 199339 164172 218245 5099 5099 2489023 2402964 63311 59567 225598 268439 288909 328006 X 1617755 1499922 582359 575036 2200114 2074958 2489023 2402964 -164502 39346 0 X 0 1 X 1 0 X 1468592 1894805 1468821 1565984 1763837 8162039 1468592 1894805 1468821 1565984 1763837 8162039 655798 7506241 21178 21862 40695 59218 296281 439234 26965 11182 38147 8639420 1851918 0.86880 0.88320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92500 92500 2323370 766930 1556440 88936 81097 7839 1656779 14246 F MONEY MARKET ACCOUNTS 203999 F 218245 2712952 39346 42215 81561 2631391 -24631 -24631 2606760 2838108 42215 24631 66846 2771262 0 2771262 PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -17,834. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B -3,020. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 9B -3,777. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 17,834. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B 3,020. DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 9B 3,777. PRELUDE DINNER 30742 16020 14722 11358 1000 GLOWSTICKS AND GERSHWIN 14936 13836 1100 4000 1356 45678 29856 15822 15358 2356 17714 -1892 1 MADISON OPERA FOUNDATION INC 335 W MIFFLIN ST MADISON WI 53703 392021767 501(C)(3) 100014 0 GENERAL PURPOSES 1 0 PART I, LINE 2: THE MADISON OPERA INC. RECEIVES FINANCIAL INFORMATION FROM MADISON OPERA FOUNDATION INC. OUTLINING THE USE OF GRANT FUNDS. X X 0 0 0 0 0 0 0 0 0 KATHRYN SMITH GENERAL DIRECTOR 142931 0 0 0 0 0 4489 0 4024 0 151444 0 0 0 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 2024. 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. MADISON OPERA FOUNDATION INC 335 W MIFFLIN ST MADISON WI 53703 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 104416 BOOK VALUE MADISON OPERA FOUNDATION B 100014 BOOK VALUE