Form 990 for tax year 2023
Filed by MADISON SYMPHONY ORCHESTRA FOUNDATION INC.
Totals
- Total revenue
- $1,410,760
- Total expenses
- $1,091,794
- Contributions and grants received
- $263,601
- Grants paid
- $1,011,567
- Program service revenue
- $0
- Investment income
- $1,147,159
- Other revenue
- $0
- Total assets, end of year
- $25,912,287
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $25,912,287
- Program services expenses (Part IX)
- $1,011,567
- Management and general expenses
- $80,227
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,011,567
Program services were 92.7% 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.
-
1d · Related organizations
$106,222
-
1f · All other contributions, gifts and grants
$157,379
-
3 · Investment income
total $744,433 · excluded $744,433
-
7a · Gross sales of assets other than inventory
securities $5,663,151
-
7b · Less cost or other basis and sales expenses
securities $5,260,425
-
7c · Gain or loss
securities $402,726
-
7d · Net gain or loss
total $402,726 · excluded $402,726
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,011,567 · program services $1,011,567
-
11f · Fees: investment management
total $80,227 · management and general $80,227
Balance sheet
Part X, book values.
-
3 · Pledges and grants receivable
beginning of year $573,578 · end of year $395,036
-
11 · Investments: publicly traded securities
beginning of year $22,576,951 · end of year $25,517,251
-
27 · Net assets without donor restrictions
beginning of year $12,692,068 · end of year $15,552,502
-
28 · Net assets with donor restrictions
beginning of year $10,458,461 · end of year $10,359,785
Mission and programs · 2023
Mission
THE FOUNDATION WAS ESTABLISHED TO ADMINISTER INVESTMENTS, AND TO RECEIVE SUPPORT IN THE FORM OF GIFTS, GRANTS, AND BEQUESTS WHICH EXCLUSIVELY BENEFIT THE MADISON SYMPHONY ORCHESTRA, INC., AN ORGANIZATION DESCRIBED IN I.R.C. SECTION 509(A).
-
TRANSFERRED FUNDS TO THE MADISON SYMPHONY ORCHESTRA.
Expenses $1,011,567 · Grants $1,011,567
As filed on the 2023 return.
Listed in Part VII
-
DOUGLAS REUHL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
NICHOLAS MISCHLER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
ELAINE MISCHLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ELIZABETH DETTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELLIOTT ABRAMSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELLSWORTH BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GARY MECKLENBURG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GREGORY REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JILL FRIEDOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOANNA BURISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT REED
SECRETARY/TREASURER
- Total calculated
- $182,716
- From this org
- $0
- From related orgs
- $171,328
- Other
- $11,388
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $171,328 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $11,388 related
- Filer's total
- $0 + $182,716 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
None.
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
The filer's explanations (Part III)
- PART I, LINE 3
- LEAGUE OF AMERICAN ORCHESTRAS COMPARABILITY DATA IS REVIEWED ANNUALLY AND USED BY THE EXECUTIVE COMMITTEE TO REVIEW AND APPROVE COMPENSATION. COMPENSATION IS PAID BY THE RELATED PARTY, MADISON SYMPHONY ORCHESTRA, INC.
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
-
MADISON SYMPHONY ORCHESTRA INC
$1,011,567
GENERAL SUPPORT
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.
-
MADISON SYMPHONY ORCHESTRA INC
501(C)(3) · MUSIC EDUCATION AND PROGRAMS OF MUSICAL EXCELLENCE · WI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520299349301432
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