Madison Opera Inc
- Assets
- $2.9m
- Revenue
- $1.9m
- Investments
- $76.8k
- Employees
- 11
- Location
- Madison, WI
- Founding
- 01/1995
- Data as of
- 08/2022
- EIN
- 39-1789514
Organization Overview
Madison Opera Inc is located in Madison, WI. The organization was established in 1995. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Madison Opera Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Opera 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 08/2022, Madison Opera Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $2.1m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MADISON OPERA IS TO PRODUCE OPERAS OF THE HIGHEST ARTISTIC STANDARDS.
Describe the Organization's Program Activity:
DURING THE 2021-22 SEASON, MADISON OPERA PRODUCED TWO PERFORMANCES OF LUCIA DI LAMMERMOOR, TWO PERFORMANCES OF SHE LOVES ME, AND TWO PERFORMANCES OF ORPHEUS IN THE UNDERWORLD. THE SEASON ENDED WITH A FREE PERFORMANCE OF OPERA IN THE PARK.MADISON OPERA HELD VARIOUS EDUCATION AND ENGAGEMENT PROGRAMS DURING THE YEAR, INCLUDING COMMUNITY PREVIEWS, OPERA UP CLOSE PRESENTATIONS, DIGITAL PRESENTATIONS, AND A HIGH SCHOOL APPRENTICE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Smith General Director | Officer | 60 | $115,810 |
Viki Brigham Secretary | OfficerTrustee | 1 | $0 |
Peyton Engel Vice President | OfficerTrustee | 1 | $0 |
Susan Zaeske Vice President | OfficerTrustee | 1 | $0 |
John Lemke President | OfficerTrustee | 1 | $0 |
Thomas Terry Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Overture Center Foundation Inc Performance Venue | 8/30/20 | $168,453 |
Madison Symphony Orchestra Inc Musicians For Opera Performances | 8/30/20 | $118,831 |
Madison Symphony Orchestra Inc Musicians For Opera Performances | 8/30/20 | $118,831 |
Overture Center Foundation Inc Performance Venue | 8/30/20 | $168,453 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,360 |
| Related organizations | $95,781 |
| Government grants | $832,598 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,082 |
| Noncash contributions included in lines 1a–1f | $4,012 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,468,821 |
| Total Program Service Revenue | $371,312 |
| Investment income | $799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,078 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,052 |
| Net Income from Gaming Activities | $7,859 |
| Net Income from Sales of Inventory | $8,219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,938,281 |
| 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. | $144,192 |
| Compensation of current officers, directors, key employees. | $32,152 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,866 |
| Pension plan accruals and contributions | $7,563 |
| Other employee benefits | $6,811 |
| Payroll taxes | $30,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $1,233,444 |
| Advertising and promotion | $91,851 |
| Office expenses | $24,999 |
| Information technology | $0 |
| Royalties | $9,490 |
| Occupancy | $80,888 |
| 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 | $40,163 |
| Insurance | $15,699 |
| All other expenses | $173 |
| Total functional expenses | $2,066,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,510 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $196,126 |
| Accounts receivable, net | $15,843 |
| 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 | $48,473 |
| Net Land, buildings, and equipment | $1,775,810 |
| Investments—publicly traded securities | $156,704 |
| Investments—other securities | $76,813 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,040 |
| Total assets | $2,864,319 |
| Accounts payable and accrued expenses | $75,802 |
| Grants payable | $0 |
| Deferred revenue | $207,062 |
| 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 | $172,555 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $455,419 |
| Net assets without donor restrictions | $1,751,850 |
| Net assets with donor restrictions | $657,050 |
| 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 | $2,864,319 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Madison Opera Inc has recieved totaling $340,132.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $138,098 |
Madison Community Foundation Madison, WI PURPOSE: FUND A PRINCIPAL SINGER IN AN OPERA PRODUCTION | $82,464 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
Berbeewaish Foundation Inc Middleton, WI PURPOSE: ARTS SUPPORT - OPERA IN THE PARK | $30,000 |
Jennie H Olson Charitable Foundation Inc Madison, WI PURPOSE: ARTS | $10,000 |
University Research Park Inc Madison, WI PURPOSE: SUPPORT OF THE ARTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Minnesota Opera Minneapolis, MN | $36,038,130 | $16,099,693 |
Des Moines Metro Opera Inc Indianola, IA | $7,229,930 | $5,531,970 |
Skylight Music Theatre Corp Milwaukee, WI | $3,450,356 | $3,977,944 |
Florentine Opera Co Inc Milwaukee, WI | $7,598,617 | $5,457,526 |
Chicago Opera Theater Chicago, IL | $1,804,521 | $2,733,025 |
Madison Opera Inc Madison, WI | $2,864,319 | $1,938,281 |
Music Theater Works Wilmette, IL | $813,169 | $1,440,067 |
Opera Grand Rapids Grand Rapids, MI | $2,048,436 | $784,571 |
Chamber Opera Of Chicago Chicago, IL | $429,252 | $422,110 |
Pella Opera House Commission Pella, IA | $2,774,493 | $769,782 |
The Haymarket Opera Company Nfp Chicago, IL | $366,396 | $568,992 |
Opera For The Young Inc Madison, WI | $518,511 | $325,341 |