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Nonprofiteer
← MADISON PROJECT

Form 990 for tax year 2023

Filed by MADISON PROJECT.

Totals

Total revenue
$4,075,856
Total expenses
$4,668,040
Contributions and grants received
$2,858,530
Grants paid
$0
Program service revenue
$723,673
Investment income
$389,457
Other revenue
$104,196
Total assets, end of year
$22,568,539
Total liabilities, end of year
$818,390
Net assets or fund balances, end of year
$21,750,149
Program services expenses (Part IX)
$3,474,471
Management and general expenses
$576,326
Fundraising expenses
$617,243
Program service expenses (Part III)
$3,474,471

Program services were 74.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $191,382

  • 1f · All other contributions, gifts and grants

    $2,667,148

  • 1g · Noncash contributions included above

    $24,573

  • 2a · Program service revenue: TICKET SALES

    total $691,765 · related or exempt $691,765

  • 2b · Program service revenue: BOX OFFICE FEES

    total $31,908 · related or exempt $31,908

  • 3 · Investment income

    total $412,945 · excluded $412,945

  • 5 · Royalties

    total $82,438 · excluded $82,438

  • 7a · Gross sales of assets other than inventory

    securities $2,378,800

  • 7b · Less cost or other basis and sales expenses

    securities $2,402,288

  • 7c · Gain or loss

    securities -$23,488

  • 7d · Net gain or loss

    total -$23,488 · excluded -$23,488

  • 11a · Other revenue: CONCESSION INCOME

    total $19,073 · excluded $19,073

  • 11b · Other revenue: MERCHANDISE INCOME

    total $2,685 · excluded $2,685

  • 11e · Other revenue, total

    $21,758

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $114,627 · program services $57,314 · fundraising $57,313

  • 7 · Other salaries and wages

    total $1,538,772 · program services $1,044,992 · management and general $84,734 · fundraising $409,046

  • 8 · Pension plan contributions

    total $31,572 · program services $22,122 · management and general $1,934 · fundraising $7,516

  • 9 · Other employee benefits

    total $74,448 · program services $21,446 · management and general $10,848 · fundraising $42,154

  • 10 · Payroll taxes

    total $129,142 · program services $81,863 · management and general $11,695 · fundraising $35,584

  • 11c · Fees: accounting

    total $194,199 · management and general $194,199

  • 11f · Fees: investment management

    total $78,620 · management and general $78,620

  • 11g · Fees: other

    total $470,988 · program services $357,229 · management and general $90,285 · fundraising $23,474

  • 12 · Advertising and promotion

    total $246,321 · program services $226,417 · fundraising $19,904

  • 13 · Office expenses

    total $38,996 · management and general $38,996

  • 14 · Information technology

    total $129,269 · program services $115,614 · management and general $4,504 · fundraising $9,151

  • 17 · Travel

    total $270,033 · program services $256,108 · management and general $8,799 · fundraising $5,126

  • 22 · Depreciation, depletion and amortization

    total $16,521 · program services $6,488 · management and general $10,033

  • 23 · Insurance

    total $9,277 · management and general $9,277

  • 24a · Other expenses: ARTIST FEES

    total $731,741 · program services $731,741

  • 24b · Other expenses: PERFORMANCE

    total $425,470 · program services $424,141 · fundraising $1,329

  • 24c · Other expenses: OTHER EXPENSE

    total $49,819 · program services $24,565 · management and general $24,830 · fundraising $424

  • 24d · Other expenses: PRINTING

    total $49,070 · program services $45,782 · management and general $1,634 · fundraising $1,654

  • 24e · All other expenses

    total $69,155 · program services $58,649 · management and general $5,938 · fundraising $4,568

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,229,859 · end of year $853,987

  • 2 · Savings and temporary cash investments

    beginning of year $10,192 · end of year $943,030

  • 3 · Pledges and grants receivable

    beginning of year $1,785,318 · end of year $2,007,015

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,714 · end of year $43,776

  • 10a · Land, buildings and equipment: cost or other basis

    $367,333

  • 10b · Land, buildings and equipment: accumulated depreciation

    $367,333

  • 10c · Land, buildings and equipment, net

    beginning of year $16,521 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $16,226,443 · end of year $18,720,731

  • 15 · Other assets

    beginning of year $111,393 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $709,135 · end of year $551,928

  • 19 · Deferred revenue

    beginning of year $2,069 · end of year $106,462

  • 23 · Secured mortgages and notes payable

    beginning of year $160,000 · end of year $160,000

  • 27 · Net assets without donor restrictions

    beginning of year -$92,971 · end of year $161,720

  • 28 · Net assets with donor restrictions

    beginning of year $19,685,207 · end of year $21,588,429

Mission and programs · 2023

Mission

THE BROAD STAGE GATHERS ARTISTS, THINKERS AND AUDIENCES TO CELEBRATE OUR SHARED HUMANITY AND EXPAND THE ROLE THE ARTS PLAY IN THE VITALITY OF OUR DIVERSE COMMUNITY.

Activities or mission (Part I)

TO PRESENT PERFORMANCES FOR THE GENERAL PUBLIC.

  • THE MADISON PROJECT PRESENTED 57 PERFORMANCES OF MUSIC, OPERA, THEATER AND DANCE DURING THE FISCAL YEAR JUNE 30, 2024.EDUCATION & OUTREACH - THE MADISON PROJECT PRESENTED 23 FAMILY PERFORMANCES, LECTURES, AND MASTER CLASSES FOR STUDENTS OF ALL AGES DURING THE FISCAL YEAR JUNE 30, 2024.

    Expenses $3,474,471 · Revenue $723,673

As filed on the 2023 return.

Listed in Part VII

  • DR KATHRYN E JEFFERY

    DIRECTOR

    Total calculated
    $495,027
    From this org
    $0
    From related orgs
    $385,472
    Other
    $109,555
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,472 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $95,753 related
    Nontaxable benefits
    $0 + $13,802 related
    Filer's total
    $0 + $495,027 related

  • NANCY GREENSTEIN

    DIRECTOR

    Total calculated
    $16,311
    From this org
    $0
    From related orgs
    $4,800
    Other
    $11,511
    Hours/week
    2 + 10 related

  • SUSAN AMINOFF

    DIRECTOR

    Total calculated
    $6,469
    From this org
    $0
    From related orgs
    $4,800
    Other
    $1,669
    Hours/week
    2 + 10 related

  • JENNIFER DIENER

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • BARBARA HERMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • ANNE TAUBMAN

    VICE-CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    5

  • KATRIN CZINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LAURIE BENENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GERUN RILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICHARD KENDALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LAURA MASLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PHILLIP ROTNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SUSAN STOCKEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GREGORY RAE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILL MARKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT BAILIS

    EXECUTIVE DIRECTOR

    Total calculated
    $367,420
    From this org
    $114,627
    From related orgs
    $199,474
    Other
    $53,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,627 + $199,474 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $41,751 related
    Nontaxable benefits
    $0 + $11,568 related
    Filer's total
    $114,627 + $252,793 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521339349307942

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