Overture Center Foundation Inc
Overture Center Foundation shows strong revenue growth and asset accumulation, with no reported officer compensation.
EIN: 10645482 · Madison, WI · NTEE: A11 · Updated: 2026-03-28
Is Overture Center Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Overture Center Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Overture Center Foundation Inc
Overture Center Foundation Inc (EIN: 10645482) is a nonprofit organization based in Madison, WI, classified under NTEE code A11. The organization reported total revenue of $35.1M and total assets of $45.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Overture Center Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Overture Center Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Overture Center Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues reaching $28,873,661 in 2023. This suggests that executive compensation may be handled through a different mechanism not reported on the 990, or that leadership roles are entirely volunteer-based, which would be exceptional.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Overture Center Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and could indicate a lack of transparency regarding executive pay structures.
Strengths
The following positive indicators were identified for Overture Center Foundation Inc:
- Strong revenue growth, increasing from $8,215,874 in 2021 to $28,873,661 in 2023.
- Consistent growth in assets, from $7,528,390 in 2014 to $33,568,808 in 2023, indicating financial stability.
- Effective recovery from pandemic-related revenue dips, showing organizational resilience.
- Expenses generally managed within revenue, leading to consistent surpluses or near break-even operations.
Frequently Asked Questions about Overture Center Foundation Inc
Is Overture Center Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Overture Center Foundation Inc (EIN: 10645482) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Overture Center Foundation Inc spend its money?
Overture Center Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Overture Center Foundation Inc tax-deductible?
Overture Center Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10645482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Overture Center Foundation Inc. manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all 12 filings is highly unusual for an organization of this scale. It suggests that executive leadership may be compensated through a related entity, paid by a different organization, or that these roles are entirely volunteer-based. Further investigation into their organizational structure and related party transactions would be necessary to understand this fully.
What is the trend in the organization's net assets?
The organization's net assets have shown a strong upward trend, growing from $7,528,390 in 2014 to $33,568,808 in 2023. This indicates consistent financial growth and the accumulation of resources over time.
How has the organization's revenue recovered post-pandemic?
Revenue experienced a significant dip in 2021 to $8,215,874, likely due to the pandemic. However, it has since recovered robustly, reaching $26,325,539 in 2022 and $28,873,661 in 2023, demonstrating strong resilience and recovery.
Filing History
IRS 990 filing history for Overture Center Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Overture Center Foundation Inc's revenue has grown by 238%, moving from $8.5M to $28.9M. Total assets decreased by 79.8% over the same period, from $166.3M to $33.6M. Total functional expenses rose by 205%, from $9.0M to $27.4M. In its most recent filing year (2023), Overture Center Foundation Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $10.2M in liabilities against $33.6M in assets (debt-to-asset ratio: 30.5%), resulting in net assets of $23.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $28.9M | $27.4M | $33.6M | $10.2M | — | — |
| 2022 | $26.3M | $15.8M | $36.2M | $14.4M | — | View 990 |
| 2021 | $8.2M | $4.8M | $21.0M | $9.2M | — | View 990 |
| 2020 | $22.7M | $23.1M | $18.8M | $11.0M | — | View 990 |
| 2019 | $18.4M | $18.5M | $19.3M | $11.1M | — | View 990 |
| 2018 | $18.3M | $17.4M | $16.8M | $8.6M | — | View 990 |
| 2017 | $22.6M | $20.4M | $14.2M | $7.1M | — | View 990 |
| 2016 | $22.3M | $20.4M | $12.0M | $7.3M | — | View 990 |
| 2015 | $15.1M | $14.9M | $8.9M | $6.0M | — | View 990 |
| 2014 | $12.7M | $12.8M | $7.5M | $4.9M | — | View 990 |
| 2013 | $18.3M | $17.6M | $6.6M | $4.1M | — | View 990 |
| 2012 | $8.5M | $9.0M | $166.3M | $5.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.9M, expenses of $27.4M, and assets of $33.6M (revenue +9.7% year-over-year).
- 2022: Revenue of $26.3M, expenses of $15.8M, and assets of $36.2M (revenue +220.4% year-over-year).
- 2021: Revenue of $8.2M, expenses of $4.8M, and assets of $21.0M (revenue -63.8% year-over-year).
- 2020: Revenue of $22.7M, expenses of $23.1M, and assets of $18.8M (revenue +23.3% year-over-year).
- 2019: Revenue of $18.4M, expenses of $18.5M, and assets of $19.3M (revenue +0.4% year-over-year).
- 2018: Revenue of $18.3M, expenses of $17.4M, and assets of $16.8M (revenue -19.0% year-over-year).
- 2017: Revenue of $22.6M, expenses of $20.4M, and assets of $14.2M (revenue +1.4% year-over-year).
- 2016: Revenue of $22.3M, expenses of $20.4M, and assets of $12.0M (revenue +47.7% year-over-year).
- 2015: Revenue of $15.1M, expenses of $14.9M, and assets of $8.9M (revenue +18.7% year-over-year).
- 2014: Revenue of $12.7M, expenses of $12.8M, and assets of $7.5M (revenue -30.4% year-over-year).
- 2013: Revenue of $18.3M, expenses of $17.6M, and assets of $6.6M (revenue +114.0% year-over-year).
- 2012: Revenue of $8.5M, expenses of $9.0M, and assets of $166.3M.
Data Sources and Methodology
This transparency report for Overture Center Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.