Madison Symphony Orchestra Foundation Inc
- Assets
- $21.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 01/1994
- Data as of
- 06/2022
- EIN
- 39-1769944
Organization Overview
Madison Symphony Orchestra Foundation Inc is located in Madison, WI. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Symphony Orchestra 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 06/2022, Madison Symphony Orchestra Foundation Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $77.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (23.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MADISON SYMPHONY ORCHESTRA'S MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSFERRED FUNDS TO THE MADISON SYMPHONY ORCHESTRA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Reuhl President | OfficerTrustee | 1 | $0 |
Charles Steinhauer Vice President Thru 11/21 | OfficerTrustee | 1 | $0 |
Robert A Reed Executive Director As Of 5/22 | Officer | 2 | $0 |
Elliott Abramson Director | Trustee | 1 | $0 |
Gary Mecklenburg Director | Trustee | 1 | $0 |
Ellsworth Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $362,445 |
| Noncash contributions included in lines 1a–1f | $151,774 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,445 |
| Total Program Service Revenue | $0 |
| Investment income | $786,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $294,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,443,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,101 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $77,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,009,684 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,236,367 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,246,051 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $10,717,201 |
| Net assets with donor restrictions | $10,528,850 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,246,051 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Madison Symphony Orchestra Foundation Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $6,000 |
Endowment Analysis
| Beg. Balance | $9,591,461 |
| Net Contributions | $86,000 |
| Ending Balance | $9,677,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
Carls Foundation Bloomfield Hills, MI | $120,507,770 | $14,280,001 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI | $107,851,670 | $8,218,571 |