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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 17
INCOME SOURCES EXPENSES BY FUNCTION Total Income Revenue continues to come from a diverse mix of sources, as illustrated in the chart below, based on Opera Theatre’s audited financial statements. These statements reflect Opera Theatre’s total income, including unrealized gains of investments which benefit our endowment but do not count as operating income. Overall expenses remained consistent from the prior year with Opera Theatre continuing to maintain strong expense controls in 2010. Other Activities Investment income, realized and unrealized gains (losses) $8,430,241 Benefits 10% 10% 22% $4,335,167 21% Grants and Contributions Performance Admissions 37% $645,468 $499,317 $241,235 $950,334 $812,730 $945,990 Main Season Professional Development Education / Outreach Master Artists/ Artisans Second Productions General and Administrative Fundraising Total Expenses Operating Contributions Fiscal year 2010 operating income breaks down as follows: 52% individual support, 21% corporate support, 11% foundation support, 11% government support, 5% Arts & Education Council support. 18 EARNING ACCLAIM, SERVING SAINT LOUIS OPERA THEATRE OF SAINT LOUIS | ANNUAL REPORT 2010 19
Page 1 and 2: EARNING ACCLAIM, SERVING SAINT LOUI
Page 3 and 4: A MESSAGE FROM THE GENERAL DIRECTOR
Page 5 and 6: GROWING AUDIENCES AND COMMUNITY ENG
Page 7 and 8: A COMMITMENT TO OUR COMMUNITY A COM
Page 9: BRUNDIBÁR FISCAL YEAR 2010 “Hans
Page 13 and 14: CORPORATE AND FOUNDATION DONORS IND
Page 15 and 16: BOARD OF DIRECTORS NATIONAL PATRONS
Page 17: THE MARRIAGE OF FIGARO HEADLINE PLA

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