TY 2021 Form 990 Schedule O

efile Public Visual Render ObjectId: 202311329349307751 - Submission: 2023-05-12 TIN: 01-0645482

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

OVERTURE CENTER FOUNDATION INC

Employer identification number

01-0645482

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 7A	THE MAYOR OF THE CITY OF MADISON MAY APPOINT AT LEAST THREE DIRECTORS TO THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11B	THE PREPARED FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE FINANCE COMMITTEE BEFORE THE RETURN IS FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	MEMBERS OF THE GOVERNING BODY ARE REQUIRED TO SIGN AN ANNUAL DISCLOSURE UPDATE THAT IS GIVEN TO THE GOVERNANCE COMMITTEE. MEMBERS ARE REQUIRED TO DISCLOSE DURING THE YEAR ANY POTENTIAL CONFLICTS OF INTEREST THAT THEY MAY HAVE OR BELIEVE MAY EXIST WITH ANOTHER MEMBER TO THE GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR INVESTIGATING AND PROVIDING A RECOMMENDATION. THE ORGANIZATION'S LEGAL COUNSEL MAY BE CONTACTED TO PROVIDE GUIDANCE AND ADVICE AS NEEDED.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD OF DIRECTORS DETERMINES AN APPROPRIATE COMPENSATION PACKAGE FOR THE TOP MANAGEMENT OFFICIALS BY USING COMPARABILITY DATA AND BY REVIEWING COMPENSATION PAID BY SIMILAR ORGANIZATIONS.
FORM 990, PART VI, SECTION C, LINE 19	AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S BUSINESS OFFICE.
FORM 990, PART IX, LINE 11G	ARTIST FEES: PROGRAM SERVICE EXPENSES 4,057,786. MANAGEMENT AND GENERAL EXPENSES 450. FUNDRAISING EXPENSES 5,175. TOTAL EXPENSES 4,063,411. INTERPRETER SERVICES: PROGRAM SERVICE EXPENSES 7,784. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,784. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 53,503. MANAGEMENT AND GENERAL EXPENSES 6,875. FUNDRAISING EXPENSES 6,458. TOTAL EXPENSES 66,836. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 14,855. MANAGEMENT AND GENERAL EXPENSES 54,330. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,185. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 34,324. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,324. DESIGN SERVICES: PROGRAM SERVICE EXPENSES 2,850. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,850. DELIVERY SERVICE: PROGRAM SERVICE EXPENSES 484. MANAGEMENT AND GENERAL EXPENSES 10. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 494. PAYROLL SERVICES FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,407. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,407.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE OF BENEFICIAL INTEREST IN ASSETS HELD BY MCF -59,252.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 7A

THE MAYOR OF THE CITY OF MADISON MAY APPOINT AT LEAST THREE DIRECTORS TO THE GOVERNING BODY.

FORM 990, PART VI, SECTION B, LINE 11B

THE PREPARED FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE FINANCE COMMITTEE BEFORE THE RETURN IS FILED WITH THE IRS.

FORM 990, PART VI, SECTION B, LINE 12C

MEMBERS OF THE GOVERNING BODY ARE REQUIRED TO SIGN AN ANNUAL DISCLOSURE UPDATE THAT IS GIVEN TO THE GOVERNANCE COMMITTEE. MEMBERS ARE REQUIRED TO DISCLOSE DURING THE YEAR ANY POTENTIAL CONFLICTS OF INTEREST THAT THEY MAY HAVE OR BELIEVE MAY EXIST WITH ANOTHER MEMBER TO THE GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR INVESTIGATING AND PROVIDING A RECOMMENDATION. THE ORGANIZATION'S LEGAL COUNSEL MAY BE CONTACTED TO PROVIDE GUIDANCE AND ADVICE AS NEEDED.

FORM 990, PART VI, SECTION B, LINE 15

THE BOARD OF DIRECTORS DETERMINES AN APPROPRIATE COMPENSATION PACKAGE FOR THE TOP MANAGEMENT OFFICIALS BY USING COMPARABILITY DATA AND BY REVIEWING COMPENSATION PAID BY SIMILAR ORGANIZATIONS.

FORM 990, PART VI, SECTION C, LINE 19

AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S BUSINESS OFFICE.

FORM 990, PART IX, LINE 11G

ARTIST FEES: PROGRAM SERVICE EXPENSES 4,057,786. MANAGEMENT AND GENERAL EXPENSES 450. FUNDRAISING EXPENSES 5,175. TOTAL EXPENSES 4,063,411. INTERPRETER SERVICES: PROGRAM SERVICE EXPENSES 7,784. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,784. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 53,503. MANAGEMENT AND GENERAL EXPENSES 6,875. FUNDRAISING EXPENSES 6,458. TOTAL EXPENSES 66,836. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 14,855. MANAGEMENT AND GENERAL EXPENSES 54,330. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,185. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 34,324. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,324. DESIGN SERVICES: PROGRAM SERVICE EXPENSES 2,850. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,850. DELIVERY SERVICE: PROGRAM SERVICE EXPENSES 484. MANAGEMENT AND GENERAL EXPENSES 10. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 494. PAYROLL SERVICES FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,407. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,407.

FORM 990, PART XI, LINE 9:

CHANGE IN VALUE OF BENEFICIAL INTEREST IN ASSETS HELD BY MCF -59,252.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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