Overture Center Foundation Inc

“The executive committee shall be a standing committee of the board. The executive committee shall consist of between six (6) and nine (9) individuals and will include the board chair, immediate past chair (if the position is occupied) vice chair, secretary, and treasurer of ocf, as well as one of the appointed directors, who may also hold any of the offices listed; and the chair or co- chair of the development committee. The executive committee may also include up to two other persons nominated by the chair and approved by the board. The individual who is serving as president/chief executive officer of the overture shall serve as an ex officio, nonvoting member of the executive committee, during the period of their service as the president/chief executive officer. The executive committee shall be chaired by the board chair. When the board is not in session, the executive committee shall have and may exercise, all the powers of the board in the management of the business and affairs of ocf, except to the extent limited under subsection (g) hereof.”

“The mayor of the city of madison may appoint at least three directors to the governing body.”

“The prepared form 990 is reviewed by the chief financial officer and the finance committee before the return is filed with the irs.”

“Members of the governing body are required to sign an annual disclosure update that is given to the governance committee. Members are required to disclose during the year any potential conflicts of interest that they may have or believe may exist with another member to the governance committee. The governance committee is responsible for investigating and providing a recommendation. The organization's legal counsel may be contacted to provide guidance and advice as needed.”

“The board of directors determines an appropriate compensation package for the top management officials by using comparability data and by reviewing compensation paid by similar organizations. The deliberations are recorded in meeting minutes. The process described here was last completed in 2024.”

“Audited financial statements are available to the public on the organization's website. The organization's governing documents and conflict of interest policy are available to the public upon request at the organization's business office.”

“Interpreter services: program service expenses 21,022. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,022. Security services: program service expenses 101,282. Management and general expenses 0. Fundraising expenses 406. Total expenses 101,688. Design services: program service expenses 461. Management and general expenses 0. Fundraising expenses 0. Total expenses 461. Delivery service: program service expenses 3,144. Management and general expenses 90. Fundraising expenses 0. Total expenses 3,234. Artist fees: program service expenses 7,303,070. Management and general expenses 7,350. Fundraising expenses 1,996. Total expenses 7,312,416. Miscellaneous: program service expenses 125,374. Management and general expenses 29,733. Fundraising expenses 4,556. Total expenses 159,663. Consulting services: program service expenses 63,400. Management and general expenses 103,660. Fundraising expenses 155. Total expenses 167,215. Payroll services fee: program service expenses 0. Management and general expenses 6,973. Fundraising expenses 0. Total expenses 6,973.”

“Change in value of beneficial interest in assets held by mcf 138,069.”