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Nonprofiteer
← MADISON YOUTH ARTS CENTER INC

Form 990 for tax year 2024

Filed by MADISON YOUTH ARTS CENTER INC.

Totals

Total revenue
$5,887,248
Total expenses
$1,355,494
Contributions and grants received
$5,496,474
Grants paid
$0
Program service revenue
$292,767
Investment income
$98,007
Other revenue
$0
Total assets, end of year
$35,124,042
Total liabilities, end of year
$62,508
Net assets or fund balances, end of year
$35,061,534
Program services expenses (Part IX)
$1,190,173
Management and general expenses
$111,186
Fundraising expenses
$54,135
Program service expenses (Part III)
$1,190,173

Program services were 87.8% 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)

    $3,000

  • 1f · All other contributions, gifts and grants

    $5,493,474

  • 1g · Noncash contributions included above

    $5,560

  • 2a · Program service revenue: RENTAL INCOME - PARTNERS

    total $158,899 · related or exempt $158,899

  • 2b · Program service revenue: RENTAL INCOME - OTHER AGENCIES

    total $133,868 · related or exempt $133,868

  • 3 · Investment income

    total $57,046 · excluded $57,046

  • 7a · Gross sales of assets other than inventory

    securities $536,085

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

    securities $495,124

  • 7c · Gain or loss

    securities $40,961

  • 7d · Net gain or loss

    total $40,961 · excluded $40,961

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $287,171 · program services $216,396 · management and general $32,473 · fundraising $38,302

  • 8 · Pension plan contributions

    total $5,338 · program services $4,022 · management and general $604 · fundraising $712

  • 9 · Other employee benefits

    total $7,368 · program services $5,552 · management and general $833 · fundraising $983

  • 10 · Payroll taxes

    total $27,124 · program services $20,439 · management and general $3,067 · fundraising $3,618

  • 11c · Fees: accounting

    total $20,213 · management and general $20,213

  • 11f · Fees: investment management

    total $13,559 · management and general $13,559

  • 11g · Fees: other

    total $11,034 · program services $9,671 · management and general $1,179 · fundraising $184

  • 12 · Advertising and promotion

    total $75 · management and general $75

  • 13 · Office expenses

    total $25,376 · program services $15,451 · management and general $7,273 · fundraising $2,652

  • 14 · Information technology

    total $24,856 · program services $14,293 · management and general $8,001 · fundraising $2,562

  • 16 · Occupancy

    total $243,698 · program services $238,861 · management and general $4,837

  • 22 · Depreciation, depletion and amortization

    total $653,075 · program services $639,288 · management and general $13,359 · fundraising $428

  • 23 · Insurance

    total $34,857 · program services $26,200 · management and general $3,963 · fundraising $4,694

  • 24a · Other expenses: CREDIT LOSSES

    total $1,750 · management and general $1,750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $87,939 · end of year $116,123

  • 3 · Pledges and grants receivable

    beginning of year $53,032 · end of year $5,516,200

  • 4 · Accounts receivable

    beginning of year $46,098 · end of year $16,421

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,931 · end of year $33,294

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

    $28,187,916

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

    $3,877,378

  • 10c · Land, buildings and equipment, net

    beginning of year $24,960,435 · end of year $24,310,538

  • 11 · Investments: publicly traded securities

    beginning of year $2,693,576 · end of year $3,347,463

  • 12 · Investments: other securities

    beginning of year $730,717 · end of year $0

  • 14 · Intangible assets

    beginning of year $632,247 · end of year $629,069

  • 15 · Other assets

    beginning of year $1,153,312 · end of year $1,154,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,765 · end of year $49,138

  • 19 · Deferred revenue

    beginning of year $9,556 · end of year $8,701

  • 25 · Other liabilities

    beginning of year $18,349 · end of year $4,669

  • 27 · Net assets without donor restrictions

    beginning of year $29,204,735 · end of year $28,408,325

  • 28 · Net assets with donor restrictions

    beginning of year $1,114,882 · end of year $6,653,209

Mission and programs · 2024

Mission

ENSURE OPPORTUNITIES FOR YOUNG PEOPLE TO EXPRESS THEMSELVES, DISCOVER THE ARTS, AND CREATE CONNECTIONS. SERVE AS HOME FOR THE CHILDREN'S THEATER OF MADISON AND MADISON YOUTH CHOIRS.

Activities or mission (Part I)

THE MADISON YOUTH ARTS CENTER, INC. (MYARTS) EXISTS TO SUPPORT YOUNG PEOPLE'S CREATIVE EXPERIENCES BY PROVIDING HIGH-QUALITY AND AFFORDABLE PROGRAM SPACES ACCESSIBLE TO A WIDE VARIETY OF PROVIDERS, INCLUDING MADISON YOUTH CHOIRS AND CHILDREN'S THEATER OF MADISON, ITS ANCHOR PARTNERS.

  • THE CENTER'S PURPOSE IS TO ENSURE OPPORTUNITIES FOR YOUNG PEOPLE TO EXPRESS THEMSELVES, DISCOVER THE ARTS, AND CREATE CONNECTIONS. THE CENTER SERVES AS THE HOME FOR THE CHILDREN'S THEATER OF MADISON AND MADISON YOUTH CHOIRS, PROVIDES SPACE FOR ADMINISTRATIVE SERVICES, AND OFFERS PERFORMANCE AND REHEARSAL SPACE TO OTHER NOT-FOR-PROFIT ARTS ORGANIZATIONS.

    Expenses $1,190,173 · Revenue $292,767

As filed on the 2024 return.

Listed in Part VII

  • Pamela Krill

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Laurie Nason Fellenz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Pam Woodman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Jessica Schwefel

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • David Schmiedicke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Sinclair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beth Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yorel Lashley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emaan Abdel-Halim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brittany Coleman

    DIRECTOR (THRU FEBRUARY)

    Total calculated
    $0
    Hours/week
    1

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.

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
2024
Filed
14 January 2026
IRS schema version
2024v5.5
Source object
202620149349301962

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