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Nonprofiteer
← MADISON YOUTH ARTS CENTER INC

Form 990 for tax year 2023

Filed by MADISON YOUTH ARTS CENTER INC.

Totals

Total revenue
$631,697
Total expenses
$1,838,604
Contributions and grants received
$195,002
Grants paid
$0
Program service revenue
$324,526
Investment income
$112,169
Other revenue
$0
Total assets, end of year
$31,431,331
Total liabilities, end of year
$31,182
Net assets or fund balances, end of year
$31,400,149
Program services expenses (Part IX)
$1,605,540
Management and general expenses
$167,438
Fundraising expenses
$65,626
Program service expenses (Part III)
$1,605,540

Program services were 87.3% 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.

  • 1f · All other contributions, gifts and grants

    $195,002

  • 1g · Noncash contributions included above

    $42,627

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

    total $184,356 · related or exempt $184,356

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

    total $140,170 · related or exempt $140,170

  • 3 · Investment income

    total $112,169 · excluded $112,169

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $311,694 · program services $235,723 · management and general $34,751 · fundraising $41,220

  • 9 · Other employee benefits

    total $25,300 · program services $19,133 · management and general $2,821 · fundraising $3,346

  • 10 · Payroll taxes

    total $27,347 · program services $20,682 · management and general $3,049 · fundraising $3,616

  • 11c · Fees: accounting

    total $34,925 · management and general $34,925

  • 11f · Fees: investment management

    total $18,664 · management and general $18,664

  • 11g · Fees: other

    total $11,113 · program services $1,113 · management and general $10,000

  • 12 · Advertising and promotion

    total $6,181 · management and general $3,366 · fundraising $2,815

  • 13 · Office expenses

    total $49,248 · program services $28,540 · management and general $16,658 · fundraising $4,050

  • 14 · Information technology

    total $39,039 · program services $26,912 · management and general $10,462 · fundraising $1,665

  • 16 · Occupancy

    total $293,825 · program services $283,910 · management and general $7,497 · fundraising $2,418

  • 17 · Travel

    total $13 · program services $11 · management and general $2

  • 19 · Conferences, conventions and meetings

    total $330 · management and general $330

  • 22 · Depreciation, depletion and amortization

    total $973,791 · program services $953,871 · management and general $19,657 · fundraising $263

  • 23 · Insurance

    total $47,134 · program services $35,645 · management and general $5,256 · fundraising $6,233

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $321,517 · end of year $115,243

  • 2 · Savings and temporary cash investments

    beginning of year $17,240 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $429,085 · end of year $255,844

  • 4 · Accounts receivable

    beginning of year $9,482 · end of year $25,662

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,401 · end of year $21,737

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

    $28,806,415

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

    $2,252,636

  • 10c · Land, buildings and equipment, net

    beginning of year $27,480,663 · end of year $26,553,779

  • 11 · Investments: publicly traded securities

    beginning of year $2,809,072 · end of year $3,580,704

  • 14 · Intangible assets

    beginning of year $0 · end of year $12,014

  • 15 · Other assets

    beginning of year $1,368,732 · end of year $866,348

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,085 · end of year $16,002

  • 19 · Deferred revenue

    beginning of year $2,000 · end of year $2,256

  • 25 · Other liabilities

    beginning of year $11,629 · end of year $12,924

  • 27 · Net assets without donor restrictions

    beginning of year $30,676,462 · end of year $30,358,404

  • 28 · Net assets with donor restrictions

    beginning of year $1,752,016 · end of year $1,041,745

Mission and programs · 2023

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 $1,605,540 · Revenue $324,526

As filed on the 2023 return.

Listed in Part VII

  • DEBORAH BIDDLE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • PAM WOODMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JESSICA SCHWEFEL

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • BRANDI FUNK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • YOREL LASHLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN SINCLAIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LAURIE FELLENZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • ELIZABETH ODDERS-WHITE

    DIRECTOR (THRU APRIL)

    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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349314923

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