Overture Center Foundation Inc.

“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 president/ceo and the finance committee at a regulary scheduled meeting 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.”

“When the president/ceo was hired, the governing body 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 directors. The president/ceo has received no compensation increase since being hired.”

“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.”

“Business consulting services: program service expenses 187,584. Management and general expenses 20,140. Fundraising expenses 7,818. Total expenses 215,542. Artists and performance service fees: program service expenses 3,204,163. Management and general expenses 0. Fundraising expenses 700. Total expenses 3,204,863.”

“Change in beneficial interest in assets held by madison community foundatio 175,919.”