Madison Cultural Arts Support Trust in Madison, Wisconsin (WI)

Madison Cultural Arts Support Trust
Employer Identification Number (EIN)	396700441
Name of Organization	Madison Cultural Arts Support Trust
Address	Madison, WI 53703
Tax Period	2006
Asset Amount	$106,007,693
Amount of Income	$5,348,801
Form 990 Revenue Amount	$5,348,801
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Fund Raising and/or Fund Distribution

Non-representatives - add comments:

Amount of income in 2006: $5,348,801

Madison Cultural Arts Support Trust:	$5,348,801
Other organizations performing similar types of work:	$71,190

Assets in 2006: $106,007,693

Madison Cultural Arts Support Trust:	$106,007,693
Other organizations performing similar types of work:	$83,338

Expenses in 2006: $8,762,684

This organization:	$8,762,684
Other organizations performing similar types of work:	$72,958

Income to expenses ratio in 2006: 0.6

Madison Cultural Arts Support Trust:	0.6
Other organizations performing similar types of work:	1.2

Expenses allocated to program services in 2006: 96.8%

This organization:	96.8%
Other organizations performing similar types of work:	78.5%

Grants share in income in 2006: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	94.6%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

	2000	2001	2002	2003	2004	2005	2006
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$13,890,502	$-4,196,857	$-8,978,870	$2,909,024	$10,077,281	$10,865,621	$5,348,801
Contributions, gifts, grants, and similar amounts received	$8,254,927	$3,671,979	$85,922	$0	$0	$0	$0
Contributions to donor advised funds							$0
Direct public support	$8,254,927	$3,671,979	$85,922	$0	$0	$0	$0
Indirect public support	$0	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$-125,718	$0	$0	$0	$0	$0	$0
Membership dues and assessments	$0	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$0	$0	$0	$0	$0	$0	$0
Dividends and interest from securities	$1,531,829	$1,287,645	$1,039,985	$1,163,742	$1,415,281	$1,997,031	$3,843,404
Net rental income or (loss)	$0	$0	$0	$0	$-57	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$57	$0	$0
Other investment income	$25,133	$36,257	$67,213	$15,713	$72,012	$34,171	$13,769
Gain or (loss) from sales of assets other than inventory	$4,204,331	$-9,192,738	$-10,171,990	$1,729,569	$8,590,045	$8,834,419	$1,491,628
Gross amount from sales of assets other than inventory	$101,131,023	$98,894,902	$80,090,841	$83,766,892	$94,794,795	$80,824,943	$26,297,688
Less: cost or other basis and sales expenses	$96,926,692	$108,087,640	$90,262,831	$82,037,323	$86,204,750	$71,990,524	$24,806,060
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0	$0
Total expenses	$1,566,509	$898,602	$990,048	$1,129,967	$1,792,488	$7,677,576	$8,762,684
Program services	$601,935	$75,235	$179,397	$365,918	$905,056	$7,055,057	$8,484,426
Management and general	$964,574	$823,367	$810,651	$764,049	$887,432	$622,519	$278,258
Fundraising	$0	$0	$0	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$114,649,096	$103,158,169	$82,003,845	$101,381,785	$108,140,377	$107,653,557	$106,007,693
Excess or (deficit) for the year	$12,323,993	$-5,095,459	$-9,968,918	$1,779,057	$8,284,793	$3,188,045	$-3,413,883
Net assets or fund balances at beginning of year	$118,370,877	$114,649,096	$103,158,169	$82,003,845	$101,381,785	$108,140,377	$107,653,557
Other changes in net assets or fund balances	$-16,045,774	$-6,395,468	$-11,185,406	$17,598,883	$-1,526,201	$-3,674,865	$1,768,019

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2006)
Total functional expenses	$8,762,684	$8,484,426	$278,258	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$8,484,426
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$0	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$78,050	$0	$78,050	$0
Legal fees	$48,476	$0	$48,476	$0
Supplies	$0	$0	$0	$0
Telephone	$71	$0	$71	$0
Postage and shipping	$75	$0	$75	$0
Occupancy	$0	$0	$0	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$1,434	$0	$1,434	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$0	$0	$0	$0
Other expenses not covered above	$150,152	$0	$150,152	$0

	2000	2001	2002	2003	2004	2005	2006
Balance Sheets
Total assets	$114,649,096	$103,158,169	$82,003,846	$101,381,785	$108,140,377	$107,659,873	$106,007,693
Cash - non-interest-bearing	$0	$0	$0	$0	$0	$0	$0
Savings and temporary cash investments	$7,196,787	$24,365,028	$18,369,708	$22,712,538	$29,157,222	$49,391,473	$46,151,553
Accounts receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)							$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$0	$0	$0	$0	$0
Investments - publicly-traded securities							$59,856,140
Investments - other securities	$95,859,673	$78,793,141	$63,634,138	$78,669,247	$78,983,155	$58,268,400	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$11,592,636	$0	$0	$0	$0	$0	$0
Other assets, including program-related investments	$0	$0	$0	$0	$0	$0	$0
Total liabilities	$0	$0	$0	$0	$0	$6,316	$0
Accounts payable and accrued expenses	$0	$0	$0	$0	$0	$0	$0
Grants payable	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0	$0	$0	$0
Other liabilities	$0	$0	$0	$0	$0	$6,316	$0
Total liabilities and net assets/fund balances	$114,649,096	$103,158,169	$82,003,845	$101,381,785	$108,140,377	$107,659,873	$106,007,693
Total net assets or fund balances	$114,649,096	$103,158,169	$82,003,845	$101,381,785	$108,140,377	$107,653,557	$106,007,693

	2000	2001	2002	2003	2004	2005	2006
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$13,890,502	$-4,196,857	$0	$0	$10,077,281	$10,865,621	$5,348,801
Total revenue, gains, and other support per audited financial statements	$-1,691,281	$-10,415,469	$0	$0	$8,177,813	$7,060,541	$6,965,635
Other expenses	$-15,581,783	$-6,218,612	$0	$0	$21,539	$-3,045,522	$1,645,539
Net unrealized gains on investments	$-16,045,774	$-6,395,468	$0	$0	$0	$-3,086,150	$1,578,354
Donated services and use of facilities	$463,991	$176,856	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$21,539	$40,628	$67,185
Other revenue	$0	$0	$0	$0	$1,921,007	$759,558	$28,705
Investment expenses	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$1,921,007	$759,558	$28,705

	2000	2001	2002	2003	2004	2005	2006
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$1,566,509	$898,602	$0	$0	$1,792,488	$7,677,576	$8,762,684
Total expenses and losses per audited financial statements	$2,030,500	$1,075,458	$0	$0	$1,799,241	$2,997,221	$8,156,307
Other revenue	$463,991	$176,856	$0	$0	$9,084	$71,677	$16,668
Donated services and use of facilities	$463,991	$176,856	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$56	$0
Other	$0	$0	$0	$0	$9,084	$71,621	$16,668
Other expenses	$0	$0	$0	$0	$2,331	$4,752,032	$623,045
Investment expenses	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$2,331	$4,752,032	$623,045

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	Yes
Does the organization have a written conflict of interest policy?	No

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2006)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$0	$5,348,801
Program service revenue
Program service revenue 1	000000	$0	00	$0	$0
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	00	$0	$3,843,404
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$13,769
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$1,491,628
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Not controlled by disqualified persons/supports non private foundation
Type of supporting organization	Type III

	1999	2000	2001	2002	2003	2004	2005
Support Schedule
Total	$0	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Madison Cultural Arts Support Trust	Madison, WI 53703	WI		$5,348,801
2	Arts Partnership	345 Washington St, Saint Paul, MN 55102-1419	MN	2009-01	$10,865,083
3	Tierney Family Foundation Inc	17 Butlers Rd, Darien, CT 06820	CT	1989-12	$1,685,808
4	Scientific And Culturalcollaborative	PO BOX 102995, Denver, CO 80250-2995	CO	2007-10	$368,907
5	Art Culture And Entertainment Inc	6120 Enterprise Drive, Pensacola, FL 32505	FL	2010-08	$294,977
6	Winter Charity Ball Inc	6608 N Western Box 292, Oklahoma City, OK 73116-7326	OK	2011-08	$118,650
7	The Mississippi Festival Foundation Inc	308 N Main St, Sardis, MS 38666	MS	2006-11	$71,190
8	Artworks Gwinnett Inc	6500 Sugarloaf Parkway, Duluth, GA 30097-7501	GA	2011-09	$65,941
9	Sicilian Association Of Greater Boston Inc	302 Water Street, Quincy, MA 02169-6552	MA	2004-08	$44,723
10	Memorial Hall Association Inc	Po Box 123, Shelburne Falls, MA 01370	MA	2008-08	$23,979
11	Westerville North Theatre Boosters	950 County Line Road, Westerville, OH 43081	OH	2014-08	$20,661
12	Kansas Arts Foundation Inc	PO BOX 1806, Manhattan, KS 66505-1806	KS	2011-08	$11,680
13	Friends Of The Performing Arts Inc	1001 Wade Avenue, Raleigh, NC 27605-3322	NC	2003-09	$6,832
14	Wendy Arts Foundation	11755 Wilshire Blvd Ste 1230, Los Angeles, CA 90025-1501	CA	2002-01	$100
15	Soaring For Success	3018 Cowhorn Branch Ct, Waxhaw, NC 28173-0200	NC	2004-01	$1
16	American Friends Of The Lyric Theatre Ireland Inc	1000 N West Street Suite 1200, Wilmington, DE 19801	DE	2007-08	$0
17	American Friends Of The National Gallery Of The Cayman Islands	10 St James Ave, Boston, MA 02116-3813	MA	2002-02	$0
18	Boomerang Fund For Artists Inc	Joseph P Morra 316 Lorraine Dr, Rockville, MD 20852	MD	2003-08	$0
19	Cape Verde Care Agency Inc	5 Madison St, Somerville, MA 02145	MA	2003-11	$0
20	United German Societies Cultural & Education Foundation Inc	7885 N Range Line Road, Milwaukee, WI 53217	WI	2004-05	$0

Number of organizations performing similar types of work

Alabama	1
Arizona	2
California	14
Colorado	1
Connecticut	4
Delaware	1
Florida	4
Georgia	5
Hawaii	1
Iowa	1
Illinois	2
Kansas	1
Kentucky	1
Louisiana	1
Massachusetts	6

Maryland	1
Michigan	2
Minnesota	1
Mississippi	1
North Carolina	3
New York	4
Ohio	1
Oklahoma	1
Oregon	1
Pennsylvania	1
Rhode Island	1
Texas	2
Utah	2
Virginia	2
Wisconsin	2

Total

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