Overture Center Foundation Inc

Organization Overview

Overture Center Foundation Inc is located in Madison, WI. The organization was established in 2002. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Overture Center Foundation Inc employed 347 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overture Center Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Overture Center Foundation Inc generated $8.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (21.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION OPERATES THE OVERTURE CENTER FOR THE ARTS, A PERFORMING AND VISUAL ARTS CENTER. ITS MISSION IS TO ENRICH THE LIVES OF INDIVIDUALS AND (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

OVERTURE CENTER WAS CLOSED TO THE PUBLIC DURING THIS TAX YEAR DUE TO THE COVID-19 PANDEMIC. WHILE NO IN-PERSON PERFORMANCES WERE HELD, OVERTURE CENTER CONTINUED TO ENGAGE WITH ITS PATRONS AND THE COMMUNITY BY HOSTING NUMEROUS VIRTUAL PERFORMANCES AND EDUCATIONAL PROGRAMS. HOWEVER, GIVEN THE NATURE OF THE PANDEMIC AND THE PRIMARY USE OF OUR FACILITY TO HOST IN-PERSON EVENTS, THE OVERALL NUMBER OF PERFORMANCES HELD WAS GREATLY REDUCED. NORMALLY, OVERTURE CENTER HOSTS HUNDREDS OF TICKETED EVENTS WITH OUR BOX OFFICE SELLING APPROXIMATELY 300,000 TICKETS ANNUALLY. (CONTINUED ON SCHEDULE O)


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tcp Touring Llc
Producer
$523,241
Keybrand Entertainment Inc
Producer
$371,416
Jh Findorff Son Inc
Building Repairs
$321,896
Abhann Productions Ltd
Producer
$172,270
Facility Services Group
Building Repairs
$174,596
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,376,500
All other contributions, gifts, grants, and similar amounts not included above$4,369,569
Noncash contributions included in lines 1a–1f $19,270
Total Revenue from Contributions, Gifts, Grants & Similar$7,746,069
Total Program Service Revenue$357,535
Investment income $44,844
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $67,426
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,215,874

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Overture Center Foundation Inc has recieved totaling $527,288.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: ARTS, CULTURE

$128,800
Madison Community Foundation

Madison, WI

PURPOSE: TO SUPPORT PERFORMANCES AND EVENTS AT THE OVERTURE CENTER

$105,382
Madison Community Foundation

Madison, WI

PURPOSE: JERRY AWARDS, KIDS IN THE ROUNDA, ONSTAGE STUDENT FIELD TRIPS

$58,388
Madison Community Foundation

Madison, WI

PURPOSE: GENERAL CHARITABLE PURPOSES

$57,193
Madison Community Foundation

Madison, WI

PURPOSE: OVATION FUND

$50,000
Madison Community Foundation

Madison, WI

PURPOSE: OVERTURE CENTER FOR THE ARTS

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,566,095
Earnings$672,903
Admin Expense$31,843
Net Contributions$115,000
Other Expense$58,388
Ending Balance$3,263,767

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