Civic Intelligence

Madison Opera Foundation Inc.

990 • Fiscal year 2015 • EIN 39-2021767

Sep 01, 2014 to Aug 31, 2015 • Filed on Dec 16, 2015

335 W Mifflin StMadison, WI 53703-2513

(608) 238-8085

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

84th percentile

27%

Higher net margin than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

16th percentile

-7.6%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-63%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,011,967

Down $83,729 (-7.6%) from 2014

Net Assets

Down

$1,011,967

Down $83,729 (-7.6%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$67,095

Down $112,560 (-63%) from 2014

Expenses

Up

$48,831

Up $4,254 (+9.5%) from 2014

Net Income

Down

$18,264

Down $116,814 (-86%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $943,925Liabilities 2010: $78,478Net Assets 2010: $865,4472010Assets 2011: $929,230Liabilities 2011: $0Net Assets 2011: $929,2302011Assets 2012: $803,598Liabilities 2012: $0Net Assets 2012: $803,5982012Assets 2013: $871,841Liabilities 2013: $0Net Assets 2013: $871,8412013Assets 2014: $1,095,696Liabilities 2014: $0Net Assets 2014: $1,095,6962014Assets 2015: $1,011,967Liabilities 2015: $0Net Assets 2015: $1,011,9672015Assets 2016: $1,254,588Liabilities 2016: $0Net Assets 2016: $1,254,5882016Assets 2017: $1,369,576Liabilities 2017: $0Net Assets 2017: $1,369,5762017Assets 2018: $1,893,596Liabilities 2018: $0Net Assets 2018: $1,893,5962018Assets 2019: $2,031,218Liabilities 2019: $0Net Assets 2019: $2,031,2182019Assets 2020: $1,961,509Liabilities 2020: $0Net Assets 2020: $1,961,5092020Assets 2021: $2,601,239Liabilities 2021: $0Net Assets 2021: $2,601,2392021Assets 2022: $2,205,492Liabilities 2022: $0Net Assets 2022: $2,205,4922022Assets 2023: $2,257,460Liabilities 2023: $0Net Assets 2023: $2,257,4602023Assets 2024: $2,618,755Liabilities 2024: $0Net Assets 2024: $2,618,7552024

Highlighted filing

2015

Assets$1,011,967
Liabilities$0
Net Assets$1,011,967

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $280,983Expenses 2010: $40,581Net Income 2010: $240,4022010Revenue 2011: $104,852Expenses 2011: $90,452Net Income 2011: $14,4002011Expenses 2012: $210,1882012Revenue 2013: $36,113Expenses 2013: $57,660Net Income 2013: -$21,5472013Revenue 2014: $179,655Expenses 2014: $44,577Net Income 2014: $135,0782014Revenue 2015: $67,095Expenses 2015: $48,831Net Income 2015: $18,2642015Revenue 2016: $272,075Expenses 2016: $50,906Net Income 2016: $221,1692016Revenue 2017: $87,987Expenses 2017: $58,417Net Income 2017: $29,5702017Revenue 2018: $499,312Expenses 2018: $61,760Net Income 2018: $437,5522018Revenue 2019: $334,292Expenses 2019: $96,625Net Income 2019: $237,6672019Revenue 2020: $86,999Expenses 2020: $217,154Net Income 2020: -$130,1552020Revenue 2021: $269,036Expenses 2021: $95,636Net Income 2021: $173,4002021Revenue 2022: $118,802Expenses 2022: $109,115Net Income 2022: $9,6872022Revenue 2023: $181,414Expenses 2023: $162,181Net Income 2023: $19,2332023Revenue 2024: $195,666Expenses 2024: $118,565Net Income 2024: $77,1012024

Highlighted filing

2015

Revenue$67,095
Expenses$48,831
Net Income$18,264
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Dec 16, 2015
Return Version
2014v5.0
Gross Receipts
$161,879
Mission and Program Overview

Mission

Supporting organization of madison opera inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,095,696$1,011,967▼ $83,729
Total Assets$1,095,696$1,011,967▼ $83,729
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$703,062$703,062→ $0
Temporarily Rstr Net Assets$392,634$308,905▼ $83,729
Total Net Assets Fund Balance$1,095,696$1,011,967▼ $83,729
Total Liabilities and Net Assets / Fund Balance$1,095,696$1,011,967▼ $83,729

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$803,702-▼ $28,391-$737,331
2014$697,996$25,000▲ $114,959-$803,702
2013$631,195-▲ $100,303-$697,996
2012$596,289-▲ $67,093-$631,195
2011$548,043-▲ $78,428-$596,289
Compensation and Service Providers

Board Members and Trustees

NameTitle
Martin BarrettPresident/treasurer
Connie MaxwellVice President/secretary
Joyce HirschDirector
Marian BolzDirector
Sally MileyDirector
Terry HallerDirector
Tom TerryDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,500
Program Service Revenue
$0
Investment Income
$64,595
Other Revenue
$0
All Other Contributions
$2,500
Change in Net Assets
$18,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$46,331
Other Expenses$2,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$46,331--$46,331
Fees for Services Accounting-$2,500-$2,500
Total Functional Expenses$46,331$2,500$0$48,831
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Madison Opera IncMadison, WI501(c)(3)General Support and Opera Productions$46,331
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A draft of the prepared form 990 is 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 directors 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 directors 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 directors 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 directors 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 C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Madison Opera Foundation Inc
EIN
39-2021767
Phone
6082388085
Address
335 W MIFFLIN ST, MADISON, WI 53703-2513

Signing Officer

Name
Martin Barrett
Title
President/treasurer
Phone
6082388085
Signed
2015-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Barrett
Formed
2001
Legal Domicile
Wi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Wegner Cpas Llp
Address
2110 LUANN LN, MADISON, WI 53713-3074
Preparer
Scott Haumersen CPA
Phone
6082744020
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The madison opera foundation inc.'s endowment funds are used to support opera productions and the general operations of madison opera inc.

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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/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt046331
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT AND OPERA PRODUCTIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MADISON OPERA INC
IRS990ScheduleI/RecipientTable/RecipientEIN0391789514
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0335 W MIFFLIN ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MADISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0537032513
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE MADISON OPERA FOUNDATION INC. RECEIVES FINANCIAL INFORMATION FROM MADISON OPERA INC. OUTLINING THE USE OF GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S GENERAL DIRECTOR AND DIRECTOR OF FINANCE BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS 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 DIRECTORS 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 DIRECTORS 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 DIRECTORS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MADISON OPERA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391789514
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERA PRODUCTIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0335 W MIFFLIN ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MADISON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0537032513
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0392634
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0308905
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01095696
IRS990/TotalAssetsEOYAmt01011967
IRS990/TotalAssetsGrp/BOYAmt01095696
IRS990/TotalAssetsGrp/EOYAmt01011967
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt046331
IRS990/TotalFunctionalExpensesGrp/TotalAmt048831
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01095696
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01011967
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt046331
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt064595
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt067095
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01095696
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01011967
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0335 W MIFFLIN ST
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd0537032513
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARTIN BARRETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06082388085
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON OPERA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0392021767
ReturnHeader/Filer/PhoneNum06082388085
ReturnHeader/Filer/USAddress/AddressLine1Txt0335 W MIFFLIN ST
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0537032513
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02110 LUANN LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0537133074
ReturnHeader/PreparerPersonGrp/PhoneNum06082744020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT HAUMERSEN CPA
ReturnHeader/ReturnTs02015-12-17T14:28:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-09-01
ReturnHeader/TaxPeriodEndDt02015-08-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$0.20$0.12$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.18$0.16$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.21$0.00$2.21$0.12$0.11$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.00$2.60$0.27$0.10$0.17
2020Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.09$0.22$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.03$0.00$2.03$0.33$0.10$0.24
2018Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.50$0.06$0.44
2017Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.09$0.06$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.27$0.05$0.22
2015Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.07$0.05$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.18$0.04$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.00$0.87$0.04$0.06$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.00$0.80$0.21
2011Summary only. Only limited summary data is available for this year.$0.93$0.00$0.93$0.10$0.09$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.08$0.87$0.28$0.04$0.24