Overview
What is Madison Opera Inc?
Madison Opera Inc, established in Madison, Wisconsin, is a distinguished nonprofit organization dedicated to presenting operas of exceptional artistic quality. During the 2022-23 season, they staged performances of Salome, Trouble in Tahiti and The Seven Deadly Sins, A Double Bill, and The Marriage of Figaro. Unfortunately, their annual free Opera in the Park performance had to be cancelled due to an unexpected storm. Beyond performances, Madison Opera Inc engages with the community through various educational programs, such as community previews, Opera Up Close presentations, digital presentations, student matinees, and a high school apprentice program. These initiatives aim to foster a deeper appreciation for opera and make it more accessible to a broader audience. With a team of 10 dedicated individuals, Madison Opera Inc continues to enrich the cultural landscape of Madison by promoting operatic art.
Official website here: www.madisonopera.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
Madison Opera Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts an impressive score of 97, which indicates a high level of transparency and prudent financial management. Notably, all board members are independent, and the organization has established multiple policies to safeguard its operation, including conflict of interest and whistleblower policies.
In terms of financial health, Madison Opera Inc demonstrates positive metrics, with a program expense ratio of 80.70%, indicating that a significant portion of its funds is directed toward its core mission. Additionally, its fundraising efficiency stands out, with only $0.10 spent to raise each dollar, showcasing effective fundraising strategies. The organization also maintains a healthy working capital ratio of 1.03 years, which suggests a solid financial outlook.
While the data highlights many strengths, further insights into programmatic impact or community feedback could provide a more comprehensive understanding of the organization's effectiveness in achieving its mission. However, based on the financial metrics and governance structure, Madison Opera Inc appears to be a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Madison Opera Inc legitimate?
Madison Opera Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Opera 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: $150,710
Professional Fundraising Fees: $0
Other Salaries and Wages: $354,838
For more financial information, click here
Official website here: www.madisonopera.org
What is the mission statement of Madison Opera Inc?
Madison Opera Inc's mission is centered around producing operas of the highest artistic standards. During their 2022-23 season, they demonstrated this commitment by presenting performances of notable operas such as Salome, Trouble in Tahiti and The Seven Deadly Sins, and The Marriage of Figaro. Regrettably, their annual free "Opera in the Park" performance had to be canceled due to an unexpected storm. In addition to their performances, Madison Opera also engaged with the community through various educational programs, including community previews, Opera Up Close presentations, digital presentations, a student matinee, and a high school apprentice program.
Official website here: www.madisonopera.org
Who is the CEO of Madison Opera Inc?
Kathryn Smith is the Secretary of Madison Opera Inc.
Official website here: www.madisonopera.org
What is the revenue of Madison Opera Inc?
Madison Opera Inc's revenue in 2023 was $2,147,945.
Official website here: www.madisonopera.org
Who are the executives of Madison Opera Inc and what are their salaries?
The average compensation at Madison Opera Inc during 2023 was $50,555. There are 10 employees and 100 volunteers at Madison Opera Inc.
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- Compensation: $134,433
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- Other: $8,632
Official website here: www.madisonopera.org
Where can I find the form 990 for Madison Opera Inc?
Madison Opera Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.madisonopera.org
Learn more at the official website: www.madisonopera.org
Mission Statement of Madison Opera Inc
Madison Opera Inc, a renowned organization, is committed to producing operas of the highest artistic standards. Their primary mission is to bring these masterpieces to life, showcasing exceptional talent and artistic excellence. During the 2022-23 season, they presented a variety of performances, including "Salome," a double bill of "Trouble in Tahiti" and "The Seven Deadly Sins," and "The Marriage of Figaro." Despite an unfortunate cancellation of their annual free "Opera in the Park" performance due to a sudden storm, they continued to engage with the community through various educational programs. These included community previews, opera up close presentations, digital presentations, a student matinee, and a high school apprentice program. These initiatives not only provided entertainment but also aimed to foster a deeper appreciation for the art of opera.
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Impact
July, 2024
Madison Opera Inc's impact lies in its commitment to producing operas of the highest artistic standards. Throughout its 2022-23 season, Madison Opera staged performances including Salome, a double bill of Trouble in Tahiti and The Seven Deadly Sins, and The Marriage of Figaro. Despite challenges like the cancellation of the annual free "Opera in the Park" due to a surprise storm, the organization persevered in delivering engaging and educational programs. From community previews to digital presentations and a high school apprentice program, Madison Opera actively contributes to enriching the cultural landscape of Madison and beyond in the realm of the arts.
This information is meant to be a general summary of Madison Opera 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 2023.
- Investment Income: $765
- Program Service Revenue: $479,679
- Gross Receipts: $2,363,678
Assets and Liabilities:
- Total Assets: $2,489,023
- Total Liabilities: $288,909
- Net Assets: $2,200,114
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$476,797
PLAYBILL AD SALES
Revenue
$2,882
Organization Details
Founding Year
1994
Phone
(608) 238-8085Principal Officer
Kathryn Smith
Main Address
335 W MIFFLIN ST, MADISON, WI, 537032513
Website
www.madisonopera.orgNTEE Category
Code: A6A0 - Arts
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