Civic Intelligence

Madison Symphony Orchestra Foundation Inc.

990 • Fiscal year 2014 • EIN 39-1769944

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 30, 2015

222 West Washington Avenue 460Madison, WI 53703

(608) 257-3734

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

93rd percentile

57%

Higher net margin than 93% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

42nd percentile

$149,207

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

78th percentile

14%

Faster asset growth than 78% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

31st percentile

-1.6%

Faster revenue growth than 31% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$12,731,993

Up $1,538,688 (+14%) from 2013

Net Assets

Up

$12,731,993

Up $1,538,688 (+14%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$1,281,933

Down $20,188 (-1.6%) from 2013

Expenses

Up

$550,295

Up $128,513 (+30%) from 2013

Net Income

Down

$731,638

Down $148,701 (-17%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $9,714,170Liabilities 2011: $0Net Assets 2011: $9,714,1702011Assets 2012: $9,499,212Liabilities 2012: $0Net Assets 2012: $9,499,2122012Assets 2013: $11,193,305Liabilities 2013: $0Net Assets 2013: $11,193,3052013Assets 2014: $12,731,993Liabilities 2014: $0Net Assets 2014: $12,731,9932014Assets 2015: $12,643,562Liabilities 2015: $0Net Assets 2015: $12,643,5622015Assets 2016: $13,171,142Liabilities 2016: $0Net Assets 2016: $13,171,1422016Assets 2017: $15,629,794Liabilities 2017: $0Net Assets 2017: $15,629,7942017Assets 2018: $17,316,186Liabilities 2018: $0Net Assets 2018: $17,316,1862018Assets 2019: $18,527,758Liabilities 2019: $0Net Assets 2019: $18,527,7582019Assets 2020: $17,965,269Liabilities 2020: $0Net Assets 2020: $17,965,2692020Assets 2021: $23,752,908Liabilities 2021: $0Net Assets 2021: $23,752,9082021Assets 2022: $21,246,051Liabilities 2022: $0Net Assets 2022: $21,246,0512022Assets 2023: $23,150,529Liabilities 2023: $0Net Assets 2023: $23,150,5292023Assets 2024: $25,912,287Liabilities 2024: $0Net Assets 2024: $25,912,2872024

Highlighted filing

2014

Assets$12,731,993
Liabilities$0
Net Assets$12,731,993

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $470,0802011Expenses 2012: $447,7882012Revenue 2013: $1,302,121Expenses 2013: $421,782Net Income 2013: $880,3392013Revenue 2014: $1,281,933Expenses 2014: $550,295Net Income 2014: $731,6382014Revenue 2015: $1,056,251Expenses 2015: $586,903Net Income 2015: $469,3482015Revenue 2016: $1,534,183Expenses 2016: $504,582Net Income 2016: $1,029,6012016Revenue 2017: $2,194,886Expenses 2017: $609,871Net Income 2017: $1,585,0152017Revenue 2018: $1,922,560Expenses 2018: $668,645Net Income 2018: $1,253,9152018Revenue 2019: $1,811,372Expenses 2019: $712,215Net Income 2019: $1,099,1572019Revenue 2020: $247,037Expenses 2020: $655,674Net Income 2020: -$408,6372020Revenue 2021: $1,247,662Expenses 2021: $66,851Net Income 2021: $1,180,8112021Revenue 2022: $1,443,155Expenses 2022: $77,101Net Income 2022: $1,366,0542022Revenue 2023: $2,500,346Expenses 2023: $790,686Net Income 2023: $1,709,6602023Revenue 2024: $1,410,760Expenses 2024: $1,091,794Net Income 2024: $318,9662024

Highlighted filing

2014

Revenue$1,281,933
Expenses$550,295
Net Income$731,638
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 30, 2015
Return Version
2013v4.0
Gross Receipts
$6,076,320
Mission and Program Overview

Mission

The foundation was established to administer investments, and to receive support in the form of gifts, grants, and bequests which exclusively benefit the madison symphony orchestra, inc., an organization described in i.r.c. Section 509(a).

To support madison symphony orchestra's mission

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,760,604$12,350,805▲ $1,590,201
Pledges and Grants Receivable$417,383$381,188▼ $36,195
Total Assets$11,193,305$12,731,993▲ $1,538,688
Other Assets Total$15,318$0▼ $15,318
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$8,273,766$8,468,638▲ $194,872
Unrestricted Net Assets$2,919,539$4,263,355▲ $1,343,816
Total Net Assets Fund Balance$11,193,305$12,731,993▲ $1,538,688
Total Liabilities and Net Assets / Fund Balance$11,193,305$12,731,993▲ $1,538,688

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$8,273,766$194,872--$8,468,638
2013$7,517,693$756,073--$8,273,766
2012$7,478,954$38,739--$7,517,693
2011$7,067,874$411,080--$7,478,954
2010$7,052,972$14,902--$7,067,874
Compensation and Service Providers

Employees

NameTitleOtherTotal
Richard MackieSec/treas$149,207$149,207

Board Members and Trustees

NameTitle
Douglas ReuhlPresident
F Charles SteinhauerVice-president
Elliott AbramsonDirector
Fred MohsDirector
Jeffrey TicknorDirector
John BolzDirector
John FrautschiDirector
John WileyDirector
Marian BolzDirector
Nicholas MischlerDirector
Robert Birkhauser IiiDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$298,432
Program Service Revenue
$0
Investment Income
$983,501
Other Revenue
$0
All Other Contributions
$194,872
Change in Net Assets
$731,638
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$514,400
Other Expenses$35,895
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$514,400--$514,400
Fees for Service Investment Mgmnt Fees-$35,895-$35,895
Total Functional Expenses$514,400$35,895$0$550,295
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
39-0839707-501(c)(3)Sponsor, Develop, and Promote Musical Programs$514,400
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

Prior to assuming their positions, elected directors shall be confirmed by majority vote of the directors of madison symphony orchestra (the supported organization).

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the executive director and general manager of the madison symphony orchestra prior to filing.

Form 990, Part VI, Section B, Line 15

The madison symphony orchestra foundation does not have any paid employees.

Form 990, Part VI, Section C, Line 19

Policies are available upon request.

Filing and Contact Details

Filer

EIN
39-1769944
Phone
6082573734

Signing Officer

Name
Richard Mackie
Title
Secretary/treasurer
Phone
6082573734
Signed
2015-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Mackie
Formed
1995
Legal Domicile
Wi
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Preparer
Keith H Baumgartner
Phone
6088367500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2B

The madison symphony orchestra foundation's financial statements are audited as part of the consolidated statements of the madison symphony orchestra.

Financial Statement Notes

PART V, LINE 4:

Earnings from endowment funds are used to provide support for the general programming of the madison symphony orchestra, inc. (the supported organization).

Raw XML AppendixShowing 400 of 424 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt08273766
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt07478954
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt038739
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07517693
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt07067874
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0411080
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt07478954
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt07052972
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt014902
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt07067874
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EARNINGS FROM ENDOWMENT FUNDS ARE USED TO PROVIDE SUPPORT FOR THE GENERAL PROGRAMMING OF THE MADISON SYMPHONY ORCHESTRA, INC. (THE SUPPORTED ORGANIZATION).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0514400
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SPONSOR, DEVELOP, AND PROMOTE MUSICAL PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10MADISON SYMPHONY ORCHESTRA INC
IRS990ScheduleI/RecipientTable/RecipientEIN0390839707
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10222 WEST WASHINGTON AVE
IRS990ScheduleI/RecipientTable/USAddress/City0MADISON
IRS990ScheduleI/RecipientTable/USAddress/State0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode053703
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO ASSUMING THEIR POSITIONS, ELECTED DIRECTORS SHALL BE CONFIRMED BY MAJORITY VOTE OF THE DIRECTORS OF MADISON SYMPHONY ORCHESTRA (THE SUPPORTED ORGANIZATION).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND GENERAL MANAGER OF THE MADISON SYMPHONY ORCHESTRA PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MADISON SYMPHONY ORCHESTRA FOUNDATION DOES NOT HAVE ANY PAID EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POLICIES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MADISON SYMPHONY ORCHESTRA FOUNDATION'S FINANCIAL STATEMENTS ARE AUDITED AS PART OF THE CONSOLIDATED STATEMENTS OF THE MADISON SYMPHONY ORCHESTRA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2B
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10MADISON SYMPHONY ORCHESTRA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0390839707
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SPONSOR, DEVELOP, AND PROMOTE MUSICAL PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10222 WEST WASHINGTON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0MADISON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode053703
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0514400
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1103560
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10MADISON SYMPHONY ORCHESTRA INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11MADISON SYMPHONY ORCHESTRA INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011193305
IRS990/TotalAssetsEOYAmt012731993
IRS990/TotalAssetsGrp/BOYAmt011193305
IRS990/TotalAssetsGrp/EOYAmt012731993
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0298432
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035895
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0514400
IRS990/TotalFunctionalExpensesGrp/TotalAmt0550295
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011193305
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012731993
IRS990/TotalOtherCompensationAmt016051
IRS990/TotalProgramServiceExpensesAmt0514400
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0983501
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01281933
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011193305
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012731993
IRS990/TotReportableCompRltdOrgAmt0133156
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02919539
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04263355
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10222 WEST WASHINGTON AVENUE 460
IRS990/USAddress/City0MADISON
IRS990/USAddress/State0WI
IRS990/USAddress/ZIPCode053703
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD MACKIE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.9$0.00$25.9$1.41$1.09$0.32
2023Detailed filing. Detailed filing data is available for this year.$23.2$0.00$23.2$2.50$0.79$1.71
2022Detailed filing. Detailed filing data is available for this year.$21.2$0.00$21.2$1.44$0.08$1.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$0.00$23.8$1.25$0.07$1.18
2020Detailed filing. Detailed filing data is available for this year.$18.0$0.00$18.0$0.25$0.66$0.41
2019Detailed filing. Detailed filing data is available for this year.$18.5$0.00$18.5$1.81$0.71$1.10
2018Detailed filing. Detailed filing data is available for this year.$17.3$0.00$17.3$1.92$0.67$1.25
2017Detailed filing. Detailed filing data is available for this year.$15.6$0.00$15.6$2.19$0.61$1.59
2016Detailed filing. Detailed filing data is available for this year.$13.2$0.00$13.2$1.53$0.50$1.03
2015Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$1.06$0.59$0.47
2014Detailed filing. Detailed filing data is available for this year.$12.7$0.00$12.7$1.28$0.55$0.73
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$0.00$11.2$1.30$0.42$0.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.50$0.00$9.50$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.71$0.00$9.71$0.47