Overview
What is Overture Center Foundation Inc?
The Overture Center Foundation Inc, based in Madison, Wisconsin, runs the Overture Center for the Arts, a renowned performing and visual arts center. With a team of 291 employees, their mission is to enrich lives by creating, encouraging, and catalyzing extraordinary experiences. They present a diverse range of high-quality artistic offerings, from emerging dance companies to children's theater performances, and even nationally touring Broadway hits. By keeping ticket prices affordable, they ensure access to the arts for the community. Besides selling approximately 300,000 tickets annually, they support nine local nonprofit resident arts companies, contributing to over 82,000 tickets sold for their performances. The organization offers fourteen community engagement and educational programs, attracting over 188,000 people annually to free performances or visual exhibits. These initiatives include 'Overture Onstage' and 'Kids in the Rotunda,' which cater to students and children. Additionally, the unique spaces within the Overture Center are available for rent for special events and meetings. As a community arts center, it offers an unparalleled experience unlike other event venues.
Official website here: www.overture.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Overture Center Foundation Inc has received an impressive Four-Star rating from Charity Navigator, highlighting its strong accountability and financial health. The charity boasts a remarkable 96% in Accountability & Finance and a perfect 100% in Culture & Community, indicating a solid commitment to transparent and responsible stewardship of resources. The organization is governed by a fully independent board, and it has implemented various policies that enhance its transparency and operational effectiveness.
The foundation exhibits exceptional financial metrics, with a program expense ratio of 86.32%, signifying that the vast majority of its expenditures are directed toward fulfilling its mission rather than administrative costs. Additionally, its low liabilities to assets ratio of 30.48% suggests a sound financial position. The organization also actively seeks and utilizes feedback, reflecting a strong culture of engagement and continuous improvement.
There are no significant limitations noted in the available data, reinforcing the foundation's status as a well-managed and effective nonprofit organization. Overall, Overture Center Foundation Inc demonstrates a strong commitment to its mission and the community it serves, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Overture Center Foundation Inc legitimate?
Overture Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Overture Center Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $194,609
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,747,857
For more financial information, click here
Official website here: www.overture.org
What is the mission statement of Overture Center Foundation Inc?
The Overture Center Foundation Inc enriches the lives of individuals and the community by creating, encouraging, and catalyzing extraordinary experiences through the arts. The organization presents a diverse range of high-quality performing arts programming and educational outreach initiatives. It raises funds to support free and low-cost community programs and other initiatives that align with its mission. Ten local performing arts companies serve as resident organizations at the center. The Overture Center advances the arts mission, develops audiences, advocates for the arts in the community, and provides a platform for diverse artistic expression.
Official website here: www.overture.org
Who is the CEO of Overture Center Foundation Inc?
John Surdyk is the Vice Chair of Overture Center Foundation Inc.
Official website here: www.overture.org
What is the revenue of Overture Center Foundation Inc?
Overture Center Foundation Inc's revenue in 2022 was $26,325,539.
Official website here: www.overture.org
Who are the executives of Overture Center Foundation Inc and what are their salaries?
The average compensation at Overture Center Foundation Inc during 2022 was $20,421. There are 291 employees and 500 volunteers at Overture Center Foundation Inc.
Here are 33 key members and their salaries:
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Official website here: www.overture.org
Where can I find the form 990 for Overture Center Foundation Inc?
Overture Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.overture.org
Learn more at the official website: www.overture.org
Mission Statement of Overture Center Foundation Inc
The Overture Center Foundation Inc, a renowned arts organization, enriches the lives of individuals and the community by fostering extraordinary experiences. Based on its mission, the Foundation creates, encourages, and catalyzes high-quality performing and visual arts programming that captivates and inspires diverse audiences.
The Overture Center for the Arts, overseen by the Foundation, presents a wide array of exceptional artistic experiences, ranging from mesmerizing performances to thought-provoking exhibitions. By developing audiences for the arts, the organization extends its reach beyond the confines of its center, engaging the community and fueling a thriving arts scene.
Moreover, the Foundation supports and advances the missions of its ten resident performing arts companies, fostering their growth and artistic excellence. In addition, it champions the cause of arts development within the community, advocating for resources and opportunities to enrich the cultural landscape for all. The Overture Center for the Arts provides a world-class platform for diverse artistic expression, fostering creativity, and igniting the imagination of its visitors.
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Impact
August, 2024
Overture Center Foundation Inc, through its operation of the Overture Center for the Arts in Madison, Wisconsin, has a significant impact on enriching the lives of individuals and the community by creating extraordinary arts experiences. The Center hosts a wide variety of artistic offerings, from up-and-coming dance companies to nationally touring Broadway hits, providing access to high-quality performing arts programming that patrons may not have the opportunity to experience elsewhere in Madison.
By selling approximately 300,000 tickets annually with affordable pricing, organizing educational outreach programs, and supporting nine local resident arts companies in selling over 82,000 tickets to their performances, Overture Center Foundation Inc ensures that a diverse audience can engage with the arts. Additionally, through community engagement programs like 'Overture OnStage' and 'Kids in the Rotunda,' the Center attracts thousands of students and families to free performances, reaching over 188,000 people annually.
Furthermore, by offering unique event spaces for rent and serving as a hub for artistic expression, the Overture Center plays a crucial role in fostering a vibrant arts community and providing unparalleled cultural experiences. Overall, the impact of Overture Center Foundation Inc extends beyond just entertainment, contributing to the development, advocacy, and accessibility of the arts in Madison and beyond.
This information is meant to be a general summary of Overture Center Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $109,466
- Program Service Revenue: $10,402,574
- Gross Receipts: $27,407,094
Assets and Liabilities:
- Total Assets: $36,201,318
- Total Liabilities: $14,369,950
- Net Assets: $21,831,368
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES AND FEES
Revenue
$8,281,797
FACILITY RENTALS AND SERVICES
Revenue
$1,493,482
BROADWAY CLUB MEMBERSHIP REVENUE
Revenue
$276,395
CATERING
Revenue
$238,853
OTHER PROGRAM SERVICE REVENUE
Revenue
$88,215
Organization Details
Founding Year
2002
Phone
(608) 258-4177Principal Officer
John Surdyk
Main Address
201 STATE STREET, MADISON, WI, 53703
Website
www.overture.orgNTEE Category
Code: A11 - Arts
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