Engaging Our COmmunity - Hennepin Theatre District
Engaging Our COmmunity - Hennepin Theatre District
Engaging Our COmmunity - Hennepin Theatre District
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2007–08 FinanCial HigHligHts<br />
2007–08 Financial Overview<br />
This past year was full of successes made possible by our supporters’ engagement with <strong>Hennepin</strong> <strong>Theatre</strong> Trust. We thank you for making<br />
our work this year possible.<br />
When i contribute to the Trust, where do<br />
my dollars go?<br />
Why does the Trust ask for your support? Wasn’t Disney’s<br />
The Lion King enough to fill the Trust’s bank account for a<br />
good, long time? In a word, ‘no.’ Extravagant shows are<br />
expensive to present and can be risky when costs exceed the<br />
proceeds. Ticket sales from Broadway touring productions<br />
do not cover the Trust’s costs to carry out its year-long,<br />
multi-faceted mission. For nearly every show we bring to<br />
our stages, the Trust must cover the operating expenses<br />
of the theatres, as well as the “guarantee” promised to an<br />
artist or show producer in addition to labor, musicians,<br />
security and insurance. So The Lion King’s ticket sales alone,<br />
for example, didn’t fully support the Trust’s 2007–08<br />
educational programming, theatre preservation work or other<br />
basic costs. This is why we ask for and very much appreciate<br />
your contributions.<br />
Did you know?<br />
• It costs $59 for each student to<br />
participate in the Trust’s annual<br />
SpotLight Musical <strong>Theatre</strong> Program<br />
and there were approximately<br />
2,500 students in 2007–08?<br />
• A single LED light in the Pantages<br />
marquee costs $25 to replace<br />
(and there are 1,000s of them)!<br />
• The maintenance cost for a<br />
single theatre seat is $150 per<br />
year—and the Trust’s theatres<br />
Revenue Expenses<br />
Ticket Sales $ 19,302,127<br />
Corporate Support & Sponsorship have 5,800 of them! $ 3,193,152<br />
Program Services<br />
<strong>Theatre</strong> PreservaBon & CestoraBon<br />
$ 19,831<br />
$ 1,883<br />
Endividual Gonor ContriHuBons $ 661,429 JducaBon & Kutreach $ 759<br />
Total Revenue $ 23,156,708 Management & General $ 421<br />
Fundraising $ 178<br />
Total Expenses $ 23,074<br />
11<br />
3%<br />
Revenue<br />
9%<br />
83%<br />
Revenue Expenses<br />
Ticket Sales<br />
Ticket Sales<br />
Corporate Support & Sponsorship<br />
$ 19,302,127<br />
$ 3,193,152<br />
Program Services<br />
<strong>Theatre</strong> Preservation & Restoration<br />
$ 19,831,073<br />
Corporate Support & Sponsorship<br />
$ 1,883,942<br />
Individual Donor Contributions<br />
Total Revenue<br />
$ 661,429<br />
$ 23,156,708<br />
Education & Outreach<br />
Management & General<br />
$ 759,758<br />
Endividual Gonor ContriHuBons<br />
$ 421,361<br />
8%<br />
9%<br />
3%<br />
3% 2%1%<br />
83%<br />
127<br />
Expenses<br />
Program Services $ 19,831,073<br />
152 <strong>Theatre</strong> Preservation & Restoration $ 1,883,942<br />
429 Education & Outreach $ 759,758<br />
708 Management & General $ 421,361<br />
Fundraising $ 178,792<br />
Total Expenses $ 23,074,926<br />
Revenue<br />
Ticket Sales<br />
Corporate Support & Sponsorship<br />
86%<br />
Fundraising $ 178,792<br />
Total Expenses $ 23,074,926<br />
Revenue<br />
3%<br />
2%1%<br />
Ticket Sales<br />
8%<br />
86%<br />
Corporate Support & Sponsorship<br />
4ndividual 7onor Contri8u9ons<br />
Expenses<br />
Program Services<br />
<strong>Theatre</strong> Preserva9on & =estora9on<br />
Expenses<br />
Program Services<br />
<strong>Theatre</strong> PreservaBon & CestoraBon<br />
JducaBon & Kutreach<br />
Management & General<br />
Fundraising
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