earning acclaim, serving saint louis eugene onegin - Opera Theatre ...

STATEMENT OF FINANCIAL POSITION
STATEMENT OF ACTIVITIES
As the market continued to recover, Opera Theatre saw an
increase of over $1.8 million in its endowment primarily due to
investment income and realized and unrealized gains.
Assets As of September 30, 2010
Cash and Cash Equivalents 5 55 , 879
Investments 1 9 , 4 1 5 , 7 2 2
Working Capital Reserve 1 , 640,034
Contributions Receivable 1 , 3 1 3 , 425
Other 6 73 , 752
Facilities and Equipment 5 , 5 73 ,064
Total Assets 29, 1 7 1 ,876
Liabilities
Accounts Payable and Accrued Expenses 1 45 ,083
Deferred Revenue 46 1 , 506
Annuity Liability 1 9 1 , 837
Total Liabilities 7 98 , 426
Net Assets
Net Assets 28 , 3 73 , 450
TOTAL LIABILITIES AND NET ASSETS 29, 1 7 1 ,876
Once again, Opera Theatre achieved a balanced operating
budget in FY10. Net assets also increased over the prior year.
Operating Revenues As of September 30, 2010
Grants and Contributions 2 , 340 , 93 1
Performance Admissions 1 , 85 2 , 650
Benefits 880 , 520
Other Activities 82 7 , 580
Investment Income Including Realized and
Unrealized Gains and Losses 33 7 , 1 4 5
Net Assets Released from Designations and Restrictions 2 , 245 , 69 3
Total Operating Revenues 8 , 484 , 5 1 9
Operating Expenses
Program Services 6 , 67 1 , 52 1
General and Administrative 8 1 2 , 730
Fundraising 945 , 990
Total Operating Expenses 8 , 430, 24 1
Designated Revenue and Restricted Support
Grants and Contributions 805 , 82 6
Investment Income Including Realized and
Unrealized Gains and Losses 1 , 576 , 1 6 8
Other Activities 1 3 2
Net Assets Released from Designations and Restrictions ( 2 , 245 , 69 3 )
Total Increase in Net Assets 1 36 , 43 3
Operating Expenses
Increase in Operating Net Assets 54 , 2 7 8
Increase in Board Designated Net Assets 75 5 , 46 9
Decrease in Temporarily Restricted Net Assets (63 2 , 37 8 )
Increase in Permanently Restricted Net Assets 1 3 , 34 2
TOTAL INCREASE IN NET ASSETS 1 90, 7 1 1
16 EARNING ACCLAIM, SERVING SAINT LOUIS
OPERA THEATRE OF SAINT LOUIS | ANNUAL REPORT 2010
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