2012-2013 Annual Report

Page 1


Sarah Hairston, Zack Grubbs

In the 2011-2012 Season, when we premiered our Frisch’s Presents The NEW Nutcracker, we witnessed ticket sales surpassing every goal and expectation, attaining our first $2MM in annual ticket sales. We thought it could not get any better than that, then SURPRISE!, the 2012-2013 Season with ALICE (in wonderland), Romeo & Juliet, and Frampton & Cincinnati Ballet Live soared past all of our previous season ticket sales records to a new high of $2.3MM in revenue and 56,000 attendees. One must be analytical about attaining such milestones and ask why and how did these exceptional records in attendance and revenue occur? The following pages will address answers to those questions but, as you might imagine, the progress has been years in the making. Toward the end of the 2011-2012 Season we re-energized a strategic planning process, led by Kelly Brown, which included input from dancers, staff, board, donors and community leaders. In the 2012-2013 Season, we strove to attain every “hairy audacious” goal and proudly got very close or exceeded goals in every category. As we write this letter we have raised $6MM toward our endowment goal of $7MM and, through several years of operating surpluses, have generated for the first time ever a $1MM reserve fund. Some of Cincinnati Ballet’s most visually stunning and ambitious productions have occurred in recent years. ALICE (in wonderland) stirred the imagination of our community, creating a wave of interest and selling out final performances in Music Hall. Our community witnessed, for the first time, the great and historical work of George Balanchine’s Prodigal Son. The unique collaboration with Peter Frampton brought in a whole


new audience, redefining what “ballet” can be. Our reach into the community through CBII, Cincinnati Ballet’s Second Company, has locally and regionally lifted our presence in unexpected ways. The Academy saw record attendance in the Children’s Division, Adult Ballet, Rhythm & Motion and Summer Intensive programs. Our Education & Outreach programs touched 14,000 young lives through In-Step programs, CincyDance!, Ballet Moves and student matinees. It is on this note of success that we move into the 50th Anniversary during the 2013-2014 Season. We are running at high speed, just to keep up with the momentum that is pulling us forward into the whirl of celebration and hope for our future, with a sense of confidence that would have been impossible to imagine just a few years ago. Thank you to all who have been a part of the evolution of Cincinnati Ballet. We are here because you have been at our side. We are changing lives and making Cincinnati a more interesting and fun place to live through the art form of ballet. In its evolution of movement and expression it has embraced a variety of contemporary techniques that make this centuriesold vocabulary fresh and relevant.

Stay tuned to the next 50 years!

Victoria Morgan

Missie Santomo

The Sue and Bill Friedlander Artistic Director & CEO

Chief Operating Officer


Patric Palkens, James Cunningham, James Gilmer


2012 –2013 Season 6

Dancer Roster

8

Marketing

24

Development

30

Otto M. Budig Academy

36

Education & Outreach

40

Finance

46

Trustees

48

Donor Honor Roll

54

Company Staff

All photography by Peter Mueller unless otherwise noted.


PRINCIPAL DANCERS

DANCERS 2012–2013

CERVILIO MIGUEL AMADOR

SARAH HAIRSTON

SOLOISTS RODRIGO ALMARALES

DAWN KELLY

PATRIC PALKENS

MAIZYALET VELÁZQUEZ

SELAHATTIN ERKAN

ROMEL FROMETA

COURTNEY HELLEBUYCK

CORPS DE BALLET JACQUELINE DAMICO

NEW DANCERS GRACE REEVES

CBII

APPRENTICE THOMAS CALEB ROBERTS

CBII

KATHLEEN DAHLHOFF

BRITTANY BUTLER

EMILY FRANCE

TONY LEE

TRAINEES CONNOR REDPATH

ELEANOR ALBAUGH

TRAINEES NATHAN VENDT

JUNIOR TRAINEES RAYLEIGH VENDT

MADISON HOLSCHUH

NATALIA MIECZYKOWSKI


SENIOR SOLOISTS GEMA DIAZ

LIANG FU

ZACK GRUBBS

DANIELLE BAUSINGER

JOSHUA BODDEN

COURTNEY CONNOR JONES

JAMES CUNNINGHAM

SAMUEL JONES

SIRUI LIU

ABIGAIL MARUNA MORWOOD

JAMES GILMER

ANA GALLARDO

JOHN MINGLE, IV

DANIEL POWERS

SAMANTHA PILLE

ASHTON PLUMMER

IRENE PRZYW -ARA

KAREN ROTH

HANNAH STRAUCH

JANESSA TOUCHET

CORPS DE BALLET

NEW DANCERS


Janessa Touchet & Cervilio Migel Amador


MARKETING

The Kaplan New Works Series September 6-16, 2012 • Cincinnati Ballet Center • 3 World Premieres Music: Various Choreography: Heather Britt, Paige Cunningham Caldarella, Jessica Lang and Amy Seiwert

T H E K A P L A N N E W W O R K S S E R I E S T O TA L S Subscription Sales

$40,297.25

Single Ticket Sales

$45,081.25

Group Sales

$7,362.50

Facility Fee

$5,907.00

Total Revenue

(including facility fee)

$98,648.00

Seats Sold

2,148

Average Ticket Price

$45.93

“There’s nothing like watching live performance, but there’s something even more exciting and visceral about seeing the dancers glowing and their muscles flexing.” JULIE MULLINS, CITYBEAT

9


“Smart, wildly entertaining, occasionally dark...�

Courtney Connor Jones & Patric Palkens


MARKETING

11

ALICE (in wonderland) October 26-28, 2012 • Music Hall • Regional Premiere Choreography: Septime Webre Music: Matthew Pierce, performed by the Cincinnati Symphony Orchestra, conducted by Carmon DeLeone Costumes: Liz Vandal

Puppets: Eric Van Wyk

Scenery: James Kronzer

Lighting: Clifton Taylor

A L I C E ( I N W O N D E R L A N D ) T O TA L S Subscription Sales

$93,522.25

Single Ticket Sales

$191,218.00

Group Sales

$33,793.25

Facility Fee

$18,854.00

Total Revenue

(including facility fee)

$337,387.50

Seats Sold

6,856

Average Ticket Price

$49.21

Student Matinee Seats

1,459

“‘ALICE’ is a treat. A triumph. A blockbuster, too, judging by the huge opening night audience that spilled over into Music Hall’s second balcony. ...this is the sort of production that reassures you that what some think of as an archaic art form has a lively, intriguing future.” DAVID LYMAN, THE CINCINNATI ENQUIRER


Romel Frometa & Gema Diaz


MARKETING

Frisch’s Presents The Nutcracker December 14-23, 2012 • Aronoff Center for the Arts Choreography: Victoria Morgan Music: Peter Ilyich Tchaikovsky, performed by the Cincinnati Symphony Orchestra, conducted by Carmon DeLeone Set Design: John Ezell Costume Design: Carrie Robbins Lighting Design: Trad A Burns

F R I S C H ’ S P R E S E N T S T H E N U T C R A C K E R T O TA L S Subscription Sales

$7,748.90

Single Ticket Sales

$830,446.25

Group Sales

$191,858.50

Facility Fee

$57,032.25

Total Revenue

(including facility fee)

$1,087,085.90

Seats Sold

20,739

Average Ticket Price

$52.42

Student Matinee Seats

3,004

“Finding the right balance between family entertainment and classical ballet has never been simple. But at 39 years old and counting, Cincinnati Ballet’s ‘The Nutcracker’ seems to have done something right.” DAVID LYMAN, THE CINCINNATI ENQUIRER

13


“Fiery, impassioned, and impossible to take your eyes off. That’s ‘Romeo & Juliet.’ Now and forever.”

Janessa Touchet


MARKETING

15

Romeo & Juliet February 14-16, 2013 • Aronoff Center for the Arts Choreography: Victoria Morgan Music: Sergei Prokofiev, performed by the Cincinnati Symphony Orchestra, conducted by Carmon DeLeone

R O M E O & J U L I E T T O TA L S Subscription Sales

$92,840.45

Single Ticket Sales

$198,163.50

Group Sales

$37,734.00

Facility Fee

$18,812.75

Total Revenue

(including facility fee)

$347,550.70

Seats Sold

6,841

Average Ticket Price

$50.80

Student Matinee Seats

810

“This is extraordinary stuff. It’s beautiful to watch. It’s compelling theater. And it’s absolutely necessary if, as audience members, we’re going to buy into this over-the-top love story…The other thing that makes this ‘Romeo & Juliet’ work so well is that the cast is filled with other dancers who are equally convincing.” DAVID LYMAN, THE CINCINNATI ENQUIRER


“The vividness and the personality of the choreographers’ visions are remarkably compelling.”

Sarah Hairston & Cervilio Miguel Amador


MARKETING

17

Prodigal Son, Extremely Close and Concerto #4 March 22-23, 2013 • Aronoff Center for the Arts • 1 World Premiere, 2 Regional Premieres EXTREMELY CLOSE Choreography: Alejandro Cerrudo of Hubbard Street Dance Chicago • Music: Philip Glass and Dustin O’Halloran • Cincinnati Premiere CONCERTO #4 Choreography: Devon Carney • Music: Johann Sebastian Bach performed by Cincinnati Ballet Orchestra, conducted by Carmon DeLeone • World Premiere PRODIGAL SON Choreography: George Balanchine© The George Balanchine Trust • Music: Sergei Prokofiev, performed by Cincinnati Ballet Orchestra, conducted by Carmon DeLeone • Cincinnati Premiere

PRODIGAL SON, EXTREMELY CLOSE & CONCERTO #4 TOTALS

Subscription Sales

$89,567.10

Single Ticket Sales

$45,155.50

Group Sales

$7,881.75

Facility Fee

$8,071.25

Total Revenue

(including facility fee)

$150,675.60

Seats Sold

2,934

Average Ticket Price

$51.36

“…the company presented three ballets so wildly different from one another that you couldn’t make up a more diverse offering if you set your mind to it. The result? Fascinating.” DAVID LYMAN, THE CINCINNATI ENQUIRER


Ana Gallardo and John Mingle, IV. Photography: Jeff Corcoran


MARKETING

Ballet Toybox March 24, 2013 • Aronoff Center for the Arts 2013 saw the return of Ballet Toybox. The program featured CBII, Cincinnati Ballet’s Second Company, in a mix of ballet and storybook classics. After Ballet Toybox’s premiere in 2012, ticket prices were adjusted and lowered to fit a broader range of household incomes. At under an hour and all tickets priced at $20, Ballet Toybox continues to be a perfect format for introducing children to the joy of ballet.

B A L L E T T OY B O X T O TA L S Single Ticket Sales

$18,420.25

Facility Fee

$2,994.75

Total Revenue

(including facility fee)

$21,415

Seats Sold

1,089

Average Ticket Price

$19.66

19


Cervilio Miguel Amador with Peter Frampton


MARKETING

21

Frampton & Cincinnati Ballet Live April 26-27, 2013 • Aronoff Center for the Arts • 3 World Premieres Choreography: Devon Carney, Adam Hougland, Missy Lay Zimmer and Andrew Hubbard Music: Peter Frampton and Gordon Kennedy

F R A M P T O N & C I N C I N N AT I B A L L E T L I V E T O TA L S Subscription Sales

$95,003.00

Single Ticket Sales

$210,367.50

Group Sales

$11,199.00

Facility Fee

$14,709.75

Total Revenue

(including facility fee)

$331,279.25

Seats Sold

5,349

Average Ticket Price

$61.93

“Near the end of the show, with the entire company dancing so ferociously that it threatens to devour the stage, Frampton lines the front of his platform with a wall of guitars. Five players, side by side. It’s a staggering sight. And an even more staggering sound.” DAVID LYMAN, THE CINCINNATI ENQUIRER


Final Marketing Report Allie Honebrink, Director of Marketing & Communications

REVENUE Cincinnati Ballet met and exceeded its 2012-2013 ticketing sales goal. Total revenue, including facility and handling fees as well as student matinees, came in at $2,581,000, setting a new overall ticket revenue record. Average ticket price increased by $1.09 from the 2011-2012 Season. AT T E N D A N C E In the 2012-2013 Season, Cincinnati Ballet saw an increase in attendance. 6,209 more people came to see the Ballet than in the 2011-2012 Season. And that’s not due to giving away seats. In fact, complimentary tickets, which include media trades for advertising, only increased by 99 seats, which means over 6,000 more people purchased tickets in the 20122013 Season than in the previous season. M U LT I P L E R E C O R D S B R O K E N ALICE (in wonderland) became Cincinnati Ballet’s best selling show in terms of revenue in October 2012. This was only the second time that a non-Nutcracker production brought in over $300,000, exceeding the record that Cinderella previously set in 2009. ALICE (in wonderland) earned a total of $350,767.50 in revenue. The revenue record set by ALICE (in wonderland), was a short lived one. In February 2013, Romeo & Juliet set a new record for a non-Nutcracker production of $355,950.70. There was another production in the 2012-2013 Season that pushed ticketing over the $300,000 mark for the fourth time — Frampton & Cincinnati Ballet Live. This show, which only included three performances (one less than ALICE (in wonderland) and Romeo & Juliet), brought in a total of $331,279.25.


MARKETING

REVENUE BY PRODUCTION The Kaplan New Works Series — 4% ALICE (in wonderland) — 14% Frisch’s Presents The Nutcracker — 46% Romeo & Juliet — 15% Prodigal Son — 6% Ballet Toybox — 1% Frampton & Cincinnati Ballet Live — 14%

Subscription Sales

$418,978.95

Single Ticket Sales

$1,541,222.14

Group Sales

$289,829.00

Facility Fee

$126,381.75

Total Revenue

(including facility fee)

$2,376,441.84

Seats Sold

45,956

Average Ticket Price

$51.71

Handling Fees

$151,859.05

Student Matinee Revenue

$52,730.00

Student Matinee Seats

5,273

Overall Attendance

56,148

Overall Revenue

(includes tickets, student matinees, handling fees and facility fees)

$2,581,000

23


Nutcracker Luncheon attendees Photography: Helen Adams

Ann Gibson and Julie Richardson


DEVELOPMENT

Development Report Rasheda Malcolm, Director of Development

In its 49th year, Cincinnati Ballet has held fast to the promise of inspiring hope and joy in the community and beyond through the beauty, power, and passion of dance. Fundamental to fulfilling this mission is the generosity of those individuals, foundations and corporations committed to supporting fundraising efforts which exceeded $2.9MM in revenue for the 2012-13 Season. T O TA L G I V I N G F O R 2 0 1 2 – 2 0 1 3 Individuals

$1,348,325.97

46%

Corporations

$306,913.27

11%

Foundations/Gov’t

$1,270,155.58

43%

Total

$2,925,394.82

T O TA L G I V I N G F O R 2 0 1 2 – 2 0 1 3

Individuals $1,348,325.97 Corporations $306,913.27 Foundations & Gov’t $1,270,155.58

25


R E V E N U E S N A P S H OT Initiative

FY 12/13

FY 11/12

Annual Fund

$50,312

$45,469

Major Gifts

$134,354

$116,256

Trustees

$184,802

$215,697

Live Music

$48,629

$56,096

Dancer Fellowship

$150,825

$154,639

Education

$232,660

$172,730

Performance Sponsor

$590,875

$550,698

Government Grants

$108,073

$79,138

Major Benefactors

$428,520

$427,442

Arts Wave

$800,000

$871,594

Special Events

$194,039

$226,329

Season Total

$2,923,089

$2,916,088

Overall, fundraising revenue for the 2012-2013 Season increased compared to the previous year but fell just shy of the $3MM goal. Facing several challenges (not the least being an aggressive capital campaign for the 2014 world premiere of King Arthur’s Camelot and major personnel changes among the Development Team) there were many great successes including increased support of educational initiatives, world-class performances, government grants and major gifts. Thanks to the Carol Ann and Ralph V. Haile, Jr./U.S. Bank Foundation, Cincinnati Ballet’s success was also driven by matching grant challenges which helped secure additional Trustee and individual support at the end of the fiscal year.


DEVELOPMENT

27

FUNDRAISING EVENTS Cincinnati Ballet continued to raise the bar for fundraising events in 2012-2013 beginning with The Children’s Nutcracker Luncheon. The event, chaired by Jenny Freese and Susan Grayson Hill, has become a beloved holiday tradition for families with a kid-friendly lunch, a magician, carolers and, as always, excerpts from The Nutcracker performed by Cincinnati Ballet’s Otto M. Budig Academy. The Luncheon was a huge success with more than 600 guests (both children and adults) filling the Duke Energy Center for an afternoon of ballet and festive activities. Club B, the final event of the season, was in many ways the most successful Club B to date. The evening began with an elegant champagne toast in honor of long-time supporters and Honorary Chairs Mike and Kathy Selker. Club B guests then danced the night away between dinner by the bite and cocktails. Led by Co-Chairs, Ann Gibson and Julie Richardson, this event engaged new and passionate members of the community and increased attendance, sponsorship and awareness. Most notably, Club B generated the most revenue among all fundraisers in the 2012-2013 Season at $87,001.

Event

Gross Revenue

Expenses

Net Revenue

Nutcracker Luncheon

$36,631

$20,690

$15,941

Nutracker Gala

$39,595

$30,669

$8,926

Club B

$117,813

$30,812

$87,001


Samuel Jones and Courtney Connor Jones with Jill and Larry McGruder. Photography: Cincinnati Ballet Staff

Cincinnati Ballet Dancers with Dancer Fellowship Chair, Ronna Willis. Photography: Jennifer Denham


DEVELOPMENT

ENDOWMENT As Cincinnati Ballet looks forward to its 50th Anniversary, our company is determined, now more than ever, to leave a legacy for generations to come through operating reserves and other financial safeguards — including an endowment. As such, The Set to Soar Endowment Campaign was launched in the 2012-2013 Season as an investment in the future. During the beginning (or “Silent”) phase of the campaign, Cincinnati Ballet exceeded $5MM in committed endowment funds, raising $4MM in just one year. To protect and manage these funds, the Cincinnati Ballet Foundation was established, overseen by experienced financial and arts leaders in the community including Otto M. Budig as President, Jack Rouse, James A. Miller, Dianne Dunkelman, Larry Kellar, Rhonda Sheakley, Russ Shelton and Pamela Schmitt. These foundation Trustees have been charged with the task of managing Cincinnati Ballet’s endowment investments and dispersing funds to Cincinnati Ballet based upon a percentage of the invested funds’ rolling twelve quarter average. This is a particularly powerful concept, delivering a perpetual, consistent source of funding to ensure that Cincinnati Ballet remains a steadfast cultural treasure and a vital resource to the community for generations to come.

29


Otto M. Budig Academy student


OTTO M. BUDIG ACADEMY

31

Otto M. Budig Academy Report Catherine Batcheller, Academy Dean Nicole Hess, Academy Operations Manager

The Otto M. Budig team started the 2012-2013 Season with one new staff member, Sabir Yapparov. Mr. Yapparov joined the Academy on September 1, 2012 as Academy Principal, the first full-time faculty member in the history of the Academy. He immediately set to work improving the number and skill of the male dancers in the Academy. In the 2012-2013 Season, Mr. Yapparov expanded the offerings for male students to three classes focusing on Boys Class for Levels Two and Three, Boys Class for Levels Four through Seven, and the incredibly popular Boys Conditioning Class which brought together Main Division boys from all levels. The Young Boys Class continued under the watchful eye of Mr. James Cunningham with enrollment growing from four students in 2011-2012 to ten students in 2012-2013. It is an exciting time for boys at Cincinnati Ballet! SUMMER PROGRAMS The Academy also experienced exceptional growth in its summer programs and camps. The Summer Intensive program attracted 132 students who attended for varying lengths of time from one to five weeks. Demand for the program was so high that the Academy enrolled more students than in any previous season. Students came from 20 different states as well as Canada. Camps geared toward younger students—Junior Summer Intensive, Summer Dance Workshop, Summer Dance Experience and Kids Dance Camp—were also a success and attracted students from Ohio, Kentucky, Michigan and West Virginia. Overall, the total Summer Intensive revenue reached $185,830, 109% of its goal.


TOTAL N U M B ER OF SU M M ER INTENSIVE STU DENTS 135 130

132 128

125 120 115 113

110 105 100 2011

2012

2013

The 2012-2013 Summer Intensive program also saw a major change in housing facilities for students. This year’s students were housed at Xavier University. As a result, the housing expense for the 2012-2013 Season decreased by 30%. PROGRAM GROWTH The Adult program is expanding and has seen tremendous growth at the Blue Ash location with the number of attendees increasing by 28%. Several upper level students from the Summer Intensive have joined the Academy to study year round — four relocated to Cincinnati and three students commute from area schools to train with the Academy.

BRE AKDOWN OF ACADEMY MAIN DIVISION REVENUE

$350,000 $300,000 $250,000 $200,000 2009 2010

2010 2011

2011 2012

2012 2013


OTTO M. BUDIG ACADEMY

33

Otto M. Budig Academy students. Photography: Ian Timothy Forsgren

Otto M. Budig Academy student


REVENUE BY PROGRAM Main Division $342,015 Children’s Division $121,077 Adult Ballet $43,460 Rhythm and Motion $177,326 Summer Programs $185,829

Otto M. Budig Academy students. Photography: Gina Breyfogle


OTTO M. BUDIG ACADEMY

35

The Academy Task Force, led by Trustees David Cook, Debbie Brant and Lauren LaCerda and staff members Nicole Hess and Craig Lattarulo, had the challenging task of looking at the profitability and potential of the Academy. Collectively the Academy, Rhythm & Motion and Education & Outreach represent approximately 16% of Cincinnati Ballet’s operating budget. Several months of studies and data analysis have shown that these three components of Cincinnati Ballet are driving sources of profit for the company as a whole. Academy Dean Catherine Batcheller coached and led Academy student Daniel Durrett to Youth America Grand Prix. He advanced to the final round at the International Competition in New York where he was seen and courted by many prestigious companies and schools before joining Houston Ballet II for the 2013-2014 Season. The Academy also wished several senior students well as they continue on in dance programs at Milwaukee Ballet II, Festival Ballet, Loyola University, Indiana University, Ohio State University and Northern Kentucky University.


CBII and Trainees. Photography: Julie Sunderland

In Step Program Participants. Photography: Sarah Laubacher


EDUCATION & OUTREACH

37

Education & Outreach Report Julie Sunderland, Director of Education

CINCYDANCE! Cincinnati Ballet’s CincyDance! program (presented by Cincinnati Bell) brings six weeks of ballet classes focusing on body awareness, discipline and respect to primarily Title 1 schools. This season, Cincinnati Ballet had the chance to dance with 1,069 third graders. At the end of six weeks, the most talented students from each of the 33 classes are invited to a 20-week Ballet Foundations class through the Cincinnati Ballet Otto M. Budig Academy. Graduates from this program are eligible for a full scholarship in the fall. Five students with the potential to become professional dancers were accepted on scholarship. New schools added in the 2012-2013 Season included Roberts Paidea Academy, Reese E. Price Academy and John P. Parker Elementary. C R E AT I V E M O V E M E N T R E S I D E N C I E S & W O R K S H O P S Cincinnati Ballet’s Education Department is the leader in afterschool dance programming in the Greater Cincinnati area. Cincinnati public schools funded by United Way, the YMCA and Boys and Girls Clubs contract Cincinnati Ballet teachers for five hours of afterschool programming a week. With classes in hip hop, ballet, jazz and musical theater, Cincinnati Ballet is the leader in all genres of afterschool dance for students. More than 800 children were reached in the 2012-2013 Season.


IN STEP Cincinnati Ballet’s popular lecture demonstration program was brought to new and familiar places this season. Demonstrations included a fourth annual visit to the Deupree House and the Women’s Cultural Center known as the Barn, the third year creating the Teas and Tiaras event at the Anderson Community Center and a second visit to the entire education system of Augusta, Kentucky. New partnerships were created with Modern Makers whose mission is to build cultural exchange while cultivating artistic and environmental learning opportunities. NE W ADVENTU RES In keeping with Cincinnati Ballet’s Education Department’s mission of making a difference through dance, access was broadened in new ways for the 2012-2013 Season with a pilot program, titled Ballet Moves, for children with varying abilities and a celebration with the Cure Starts Now.


EDUCATION & OUTREACH

39

Ballet Moves was designed as an all-inclusive ballet class for children and teens with varying abilities. The success of this six week program has prompted a collaboration with Children’s Hospital and a full semester of Ballet Moves for the upcoming season, generously sponsored by Tom and Mary Ellen Cody. The Cure Starts Now is a life changing organization dedicated to curing cancer, one child at a time. Cincinnati Ballet hosted a glorious day at its facility where children enjoyed a class taught by Principal Dancer Sarah Hairston, created tutus, had makeup done by Sephora and took part in a photo shoot with a Prince. Cincinnati Ballet is thrilled to be hosting this event again next season.

Above: Sarah Hairston Below: CincyDance! Students Photography: Jennifer Denham


Rodrigo Almarales

Jacqueline Damico, Maizyalet Velรกzquez and Sirui Liu


FINANCE

41

Financial Report Craig Lattarulo, Chief Financial Officer

In the 2012-2013 Season, Cincinnati Ballet exceeded its overall ticket sales goal by $236K to exceed $2MM in total ticketing revenue for the second consecutive year, thanks largely to the success of ALICE (in wonderland), Romeo & Juliet and Frampton & Cincinnati Ballet Live. With the successful management of the operating budget and close monitoring of revenue and expense activity, the season ended with just slight variances from budget to actual for operating. Overall, the $6.8MM operating revenue budget was exceeded by $274K (4%). Expenses only exceeded the $6.8MM budget by $68K (1%). The reservation of the $137K contingency budget along with an additional operating surplus will be applied to Cincinnati Ballet’s operating reserves, marking the sixth consecutive year of an operating surplus. From 2007 through the end of 2012, Cincinnati Ballet’s net asset base has grown from $4.1MM to $6.4MM, representing a 56% increase — the result of accumulated operating surpluses and Frisch’s Presents The New Nutcracker capital. The King Arthur’s Camelot initiative paired with operating reserves will further increase the base in the upcoming season. For the 2013-2014 Season, the operating budget has increased to approximately $7.0MM. This $179K increase over the 2012-2013 budget is the result of increased production costs due to exciting artistic programming, the world premiere of King Arthur’s Camelot and increased staffing needs. Cincinnati Ballet staff continues to budget for contingencies and challenge expenses to further increase reserve funds and cash flow.


Jacqueline Damico and James Gilmer


FINANCE

43

CINCINNATI BALLET

STATEMENT OF FINANCIAL POSITION JULY 31, 2013 • With Comparative Totals for 2012

ASSETS Cash and cash equivalents Arts Wave allocation and accounts receivable Pledges receivable, net Prepaid expenses and deposits Investments Beneficial interest in trusts

2013

2012

$ 1,536,157

$ 483,254

874,667

1,046,846

1,153,337

738,632

249,166

266,711

3,865,822

1,942,530

161,782

148,800

2,495,360

2,667,831

$10,336,291

$7,294,604

2013

2012

Accounts payable

$ 54,728

$ 120,902

Accrued expenses

188,245

124,995

Deferred revenue

803,155

634,346

1,046,128

880,243

$ 5,096,135

4,406,355

Temporarily restricted

2,509,752

1,426,393

Permanently restricted

1,684,276

581,613

$9,290,163

$6,414,361

$10,336,291

$7,294,604

Property and equipment, net

TOTAL ASSETS

LIABILITIES

TOTAL LIABILITIES

$

NET ASSETS Unrestricted

TOTAL NET ASSETS

TOTAL LIABILITIES & NET ASSETS


Unrestricted

Temporarily Restricted

REVENUE, GAINS & OTHER SUPPORT $ --2,730,200 96,289 2,467,663 969,911 37,473 49,337 --678,275 1,072,339

$ 808,000 1,319,390 --------27,009 1,299 --(1,072,339)

8,101,487

1,083,359

Program services Supporting Activities: Administrative services Fundraising

5,551,196

---

1,571,922 288,589

-----

TOTAL EXPENSES

7,411,707

---

689,780

1,083,359

Net assets, August 1, as originally stated

4,570,751

1,749,405

Reclassification of endowment funds

(164,396)

(323,012)

4,406,355

1,426,393

$ 5,096,135

$ 2,509,752

ArtsWave Contributions and grants Special events, net Subscription series School Investment income, net Net realized and unrealized gains Change in value of beneficial interests held in trust Other income Net assets released from restrictions TOTAL REVENUE

EXPENSES

Change in net assets

Net assets, August 1, as restated Net assets, July 31


FINANCE

Permanently Restricted

Total for 2013

2012

$ --1,090,980 ----------11,683 -----

$ 808,000 5,140,570 96,289 2,467,663 969,911 37,473 76,346 12,982 678,275 ---

$ 800,000 3,095,102 106,706 2,151,107 866,753 33,913 (47,916) (6,579) 296,540 ---

1,102,663

10,287,509

7,295,626

---

5,551,196

5,017,145

-----

1,571,922 288,589

1,524,547 217,096

---

7,411,707

6,758,788

1,102,663

2,875,802

536,838

94,205

6,414,361

5,877,523

487,408

---

---

581,613

6,414,361

5,877,523

$ 1,684,276

$ 9,290,163

$ 6,414,361

45


2012 –2013 Cincinnati Ballet Board C I N C I N N AT I B A L L E T F O U N D AT I O N B O A R D O F DI R EC TO RS Dianne Dunkelman Rhonda Sheakley Otto M. Budig, Jr. Secretary President Russell Shelton James A. Miller Lorrence T. Kellar Vice President Victoria Morgan Pamela F. Schmitt Jack Rouse Treasurer

BOARD OF TRUSTEES CABIN E T Rosemary Schlachter Ronna Willis Chairman of the Board Board Secretary Kelly Brown Vice Chairman of the Board

Pamela F. Schmitt Board Treasurer

TRUSTEES EMERITUS The Late Martha Berger The Late Edward Betz Laura Brunner Otto M. Budig, Jr. Herman Burgett William Cordes Ronald Felder Shelly Green Peg Kahn Lorrence T. Kellar Charles McDonell

The Late Blanche Maier Richardson McKinney Tom Neyer The Late Louise Nippert Paul Ose Melody Sawyer Richardson Michael Rozow James Sammarco Kathleen Selker Linda Smith


BOARD OF TRUSTEES

2012–2013 TRUSTEES Michael S. Bailes Flavia C. Bastos, Ph.D. Debbie Bittle Deborah Brant Bernie Calonge Donald Calvin, CPA Marc J. Campbell Nancy Clagett David Cook Judy Dalambakis Joseph Dehner T. Patrick Donnelly Susan Dorward Dr. Sandra A. Eisele Jennifer Folan Lisi Bryan George Ann Gibson

Dr. Jessica N. Guarnaschelli Dr. Bruce Halpryn Rick Hardy Kathryn Harsh Bridget Hoffman Dr. Edmond Hooker Douglas Jenkins Margaret Johnson

47

Victoria Morgan Floyd Needham Cathy Nwankwo Carol Duane Olson Mary E. Ray Julie Richardson Diane Rumpke Theodore Schwartz Dr. William Selnick Lauren LaCerda-Merten Rhonda Sheakley Lori A. Landrum Russell Shelton Janelle Lee Julie Shifman Terry Lynch Heather Theders Madelynn Matlock Kelly Vanasse Larry McGruder M. Catherine Vernon Skip Merten George B. Wilkinson

S U S TA I N I N G T R U S T E E S Victoria Bauer Leon Lowenstein Trish Bryan Cordelia Millikin Sheila Claire Cohen Marilyn Osborn Louis Fender Morleen Rouse David C Herriman Tom Schiff Beth Levy Beth Snyder

HONORARY TRUSTEES The Late Stanley Kaplan Craig Maier Rhoda Mayerson T R U S T E E S E X- O F F I C I O Elise Meyer Matthew Selker

Christina Sprecher Kitty Strauss Serena Tsuang Barbara Weyand Gary West


July 2012 – August 2013

* Denotes fund of The Greater Cincinnati Foundation

Donor Honor Roll

SS

INDIVIDUALS

Denotes Set to Soar Endowment Campaign

The Frederic Franklin Society is a membership organization at Cincinnati Ballet honoring our most generous benefactors making annual gifts of $10,000 and above. This society is associated with special benefits, behind the scenes rehearsals and gatherings with choreographers and dancers.

$50,000+ Anonymous Fund of the Greater Cincinnati Foundation Trish and Rick BryanSS The Estate of Thomas F. BuckSS The Otto M. Budig Family Foundation Luba Dorman TrustSS Sue & Bill FriedlanderSS Mr. & Mrs. Gary Johns Dr. Stanley & Mickey Kaplan FoundationSS

Doris M. and Charles B. Levinson Fund Mr. & Mrs. Leon Loewenstine, IISS The Estate of Louise Dieterle NippertSS Dianne & J. David RosenbergSS Rosemary & Mark Schlachter Rhonda & Larry A. Sheakley Family Foundation Mr. & Mrs. Michael D. Valentine

$20,000 – $49,999 Ms. Dorothy O’Brien & Mr. Richard Antoine Tim & Kelly Brown Mr. & Mrs. Thomas G. Cody Loretta & David Cook Dianne Dunkelman Linda & Gary Greenberg Bruce M. Halpryn & Chas W. Riebe Dr. & Mrs. Robert E. Heidt, Jr.

David C Herriman* Mr. & Mrs. Lorrence T. Kellar Mr. & Mrs. Larry McGruder Mr. & Mrs. Rick Reynolds Theodore L. Schwartz & Minette HoffheimerSS Julie & Steven Shifman John F. Steele

$10,000 – $19,999 Anonymous in honor of Victoria Morgan Dr. & Mrs. Henry J. Heimlich and the Dancers James A. Miller Anonymous Mr. & Mrs. Floyd Needham Flavia Bastos & Larry Huston Carol & Robert Olson Mr. & Mrs. John Boorn Norma Petersen Karen & Christopher Bowman Mr. Bradford E. Phillips Mr. & Mrs. Donald L. Calvin Moe & Jack Rouse* Donald Beck & Lawrence E. Eynon M.D. Kathy & Mike Selker Mona S. Foad, MD & Cincinnati Dr. & Mrs. John M. Tew, Jr. Dermatology Center Mr. Nigel A. Vinecombe Michael & Carole Giuliani Ronna & Dr. James B. Willis Dr. Jessica Guarnaschelli Mr. & Mrs. Allen G. Zaring


DONOR HONOR ROLL

49

Grand Jeté ($5,000 – $9,999) Anonymous Jim & Fran Allen* Deborah & Jody Brant Bernie & Mary Kay Calonge Nancy R. Clagett Noel Julnes-Dehner & Joe Julnes-Dehner Connie Bergstein Dow In honor of the late Jacqueline G. Moore Dr. Sandra Eisele Mr. & Mrs. Daniel W. George Jeff & Ann Gibson Dr. Robert & Suzanne Hasl Bridget Hoffman

Margaret & Keith Johnson The Morgan Judd Memorial Fund Christopher & Alexandra Keith Fund* Whitney and Phillip LongSS Jane & Terry Lynch Madelynn & Raymond Matlock Ms. Victoria Morgan & Mr. Mark G. Jones Mr. & Mrs. John G. Richardson Mr. & Mrs. William J. Rumpke,Jr. Dr. & Mrs. G. James Sammarco

Pamela F. Schmitt Mr. & Mrs. Russell Paxton Shelton Tiffany & Hampton Shiver Ms. Barbara Sporck-Stegmaier Jennifer & John Stein Tony & Mary Talbott Heather & Jonathan Theders Guy & Kelly Vanasse Gary & Diane West George & Kathy Wilkinson

Pirouette ($2,500 – $4,999) Anonymous Anonymous, in honor of Blanche Maier Ms. Mary Ann Anderson David & Elaine Billmire Jennifer & Robert Conklin Bob, Cindy & Katie Conway Edward Deeley Mr. & Mrs. John Doellman Shelley Goshorn

Mr. & Mrs. J. Franklin Hall Ms. Ingrid Handl & Mr. Walter Geiger The Keith & Kathryn Harsh Family Eddie & Theresa Hooker Mrs. Margaret Lafley Dr. Lynn & Dr. Daniel Langmeyer Peggy Ann Markstein

Ryan Minton Mr. & Mrs. Jack Osborn* David & Debra Pooley Mr. & Mrs. Edward G. Rosenthal Mr. & Mrs. Tony Sansalone Dee Shaffer Jennifer & Woody Sherwood Mr. & Mrs. Mike Zelkind

Arabesque ($1,000 – $2,499) Anonymous Romola N. Allen Karen & Dan Arnold Ms. Yvette Ault Mr. & Mrs. Nathan Bachman Dan & Fran Bailey Ben & Sue Blaney Kim Borcherding Philip & Sheila Cohen Fund* Sheila Claire Cohen Frances & Stanley Cohen Sally & Wes Connor Mr. & Mrs. William H. Cordes Dr. Robin Cotton & Ms. Cynthia Fitton Rev. Dr. Robert & Dr. Beverly Croskery Kate And Chris Devine Jonathan Dill Mr. & Mrs. T. Patrick Donnelly Ms. Kelly J. Downing Arna Fisher Mr. & Mrs. Charles Fleischmann, III

Trisha Flynn Friend of the Cincinnati Ballet Larissa Foster Mr. & Mrs. James R. Gardner Sharon & Robert Gill Family Fund* Dr. Jack & Barbara Hahn Ms. Maureen Heekin Mr. & Mrs. Chip Homan Ms. Laura Humphrey Frank & Jackie Iden Mr. William D. Borek & Dr. Evie Joseph Anna Kennedy Kevin & Kathleen Kirsch Mr. & Mrs. Edward M. Krech Pinky & Polk Laffoon The LaMacchia Family Foundation Janelle & Ralph Lee Drs. Marcy & Stephen Lewis Ms. Anne Lisbin Al & Mary Lopez

Patricia & Marvin Lopez Mary Magner & Joseph Preston Dr. Jim Mahon Mr. Steven I. Monder Mr. John H. Morgan Stephen Myer Ms. Valerie Newell & Mr. Timothy Smith Mr. & Mrs. Charles W. PowersSS Martin & Maribeth Rahe Mr. W. Roger Fry Melody Sawyer Richardson Ellen Rieveschl The Roselle Foundation Ms. Donna L. Schiff Dr. & Mrs. Raymond Schultz Shelly Sherman-Greene Mr. and Mrs. J. Shane Starkey Tom & Dee Stegman Michael & Christianna Stephens, Chole Stephens Mrs. Kitty Strauss


Cervilio Miguel Amador


DONOR HONOR ROLL

51

Arabesque ($1,000 – $2,499) Continued Peter Tamborski The Saenger Family Foundation Mrs. Judith B. Titchener Nydia C. Tranter

Dr. & Mrs. Mark Tsuang Wendy Turner & Kim Pollock Ms. Janet Ulrich & Mr. William Kief Howard Weingert

Ms. Lori Alcantara Ken & Lois Allen Mr. & Mrs. Richard H. Allen Mr. & Mrs. Charles Barham, III Ellen Skaggs & Charles Bender Louise & Jerome Berman Marianna B. Bettman Ms. Debbie Bittle Mr. Robert G. Boremski Ellen Bradley Ms. Cynthia Chua Daniel & Sophia Cifuentes Kate Costlow & John D. D’Amore Mrs. Tina Ellis Merry E. Ewing Jim & Jan Ferguson Judith Bowers Francis Carter Gaither

Dr. Jan Gallagher Mr. Jack Geiger Jodi Geiser Mrs. Madeleine Gordon Mr. Paul Hall Jenny Heekin Jane Henney M.D. & Bob Graham M.D. Rebecca Holmes Ron Houck, Jr. & David Nebel Jan & Jay Kalagayan Mrs. Ralph Kohnen Elizabeth & Ken Kuresman Dr. & Mrs. Bradley Lemberg Beth & Richard Levy Sherie & Leonard Marek Mary Lou & John McIlwraith Toni Miles Shannon Miller Jennifer Mottier

John & Christine Willig James E. McCarthy and William Wolf Foundation Robert & Jennifer Wolfe Tim & Tamela Zimmerman

Tendu ($500 – $999) Edward & Carol Muench Susan M. Murray Randy & Marianne Olson Mr. & Mrs. John T. Osterman Mr. & Mrs. Dan Pierce Mr. & Mrs. Thomas Pille Matthew Selker Andy & Linda Smith Amy Stagnaro Mr. Harry Stephens Tony & Katie Strike John Tan Kim Tepe Mary Elizabeth Tounge Catherine & David Vernon Chad Warwick & Betsy Craig Mr. Paul Wehner Phyllis Weston Mr. & Mrs. William Woods Mr. John M. Yacher

Sarah Hairston & Patric Palkens


CORPORATIONS, GRANTS & GOVERNMENT $100,000+ Eleanora C. U. Alms Trust, Fifth Third Bank Trustee ArtsWave Cincinnati Enquirer Frisch’s RestaurantsSS Great American Insurance Group Carol Ann and Ralph V. Haile, Jr./U.S. Bank Foundation Joni Herschede Endowed Cincinnati Ballet Fund*

Moksha Yoga NKY/Cincinnati The Louise Dieterle Nippert Musical Arts Fund Ohio Arts Council PNC Bank Robert H. Reakirt Foundation, PNC Bank, Trustee Sheakley The Louise Taft Semple Foundation

$40,000 – $99,999 The Thomas J. Emery Memorial Gannett Foundation The Greater Cincinnati Foundation The Kroger Company Foundation

Manuel D. & Rhoda Mayerson Foundation The P & G Fund of The Greater Cincinnati Foundation

$20,000 – $39,999 The H.B., E.W. & F.R. Luther Charitable Foundation, Fifth Third Bank and Narley L. Haley, Co-Trustees The Shubert Foundation Stillson Foundation, Fifth Third Bank, Trustee TenderLand Foundation

The Coca-Cola Company The Corbett Foundation Dinsmore & Shohl LLP The Carl Jacobs Foundation Peter T. Joseph Foundation

$10,000 – $19,999 Anonymous Charles H. Dater Foundation Mona S. Foad, MD & Cincinnati Dermatology Center Frost Brown Todd LLC HORAN The Klosterman Family Macy’s National Endowment for the Arts Ohio Casualty Foundation

Ohio National Financial Services The Daniel & Susan Pfau Foundation Jack J. Smith, Jr. Charitable Trust, PNC Bank, N.A. and James S. Wachs, Co-Trustees Sugar Creek The Sutphin Family Foundation Wellington Orthopaedic & Sport Medicine Western & Southern Financial Group

$5,000 – $9,999 Anonymous* Cincinnati International Wine Festival Clark-Theders Insurance and Jonathan & Heather Theders Clever Crazes for Kids Ruth J. and Robert A. Conway Foundation, Inc. Cincinnati Facial Plastic Surgery Ernst & Young LLP

Gardens Alive! Huntington Bank The Andrew Jergens Foundation Megen Construction Mellott & Mellott P.L.L. PNC Bank RiverPoint Capital Management, Inc. Thompson Hine LLP


DONOR HONOR ROLL

53

$3,000 – $4,999 James M. Ewell Foundation Jeff Thomas Catering Lamar Outdoor Advertising Merchant’s National Bank

Estate of Jeanette K. Nieman Scanner Applications Jake & Jeanne Sweeney Foundation

Bob Sumerel Tire and Service Calfee, Halter & Griswold LLP Castellini Foundation Central Bank of Northern Kentucky Chemed Foundation Cincinnati Reds EMI Online Research Friends of Sugar Creek Goodwin Lighting Services Heidelberg Distributing Company

Hixson Architecture Engineering Interiors Jeff Wyler Automotive Family Johnson & Johnson Family of Companies J.P. Morgan LaRosa’s Pizzeria LawFormPro The Leblond Foundation of Makino Mercy Health Messer Construction Oliver Family Foundation

Total Quality Logistics Toyota Motor Engineering & Manufacturing North America, Inc.

$500 – $2,999 The Quarter Bistro RPMI Packaging Scripps Howard Foundation The Ladislas and Vilma Segoe Family Foundation Taft Stettinius & Hollister The Dayton Power & Light Company Towne Properties UC Quiznos United Dairy Farmers, Inc. Xavier University

Janessa Touchet & Patric Palkens


2012 –2013 Cincinnati Ballet Staff Victoria Morgan • The Sue and Bill Friedlander Artistic Director & CEO ARTISTIC The Late Frederic Franklin CBE Artistic Director Emeritus Carmon DeLeone Music Director Devon Carney Associate Artistic Director

ADMINISTRATIVE Missie Santomo Chief Operating Officer Angela Santarpio Assistant to Managing Director/Board Liaison Ginger Johnson Manager of Strategic Initiatives

DEVELOPMENT Rasheda Malcolm Director of Development Melissa R. Scott Special Campaigns & Database Manager

Johanna Bernstein Wilt Principal Ballet Mistress Adam Hougland Resident Choreographer Michael Chertock Rehearsal Pianist/Assistant Conductor

Meegan Schuckers Executive Assistant to CEO and Artistic Staff Dena D’Andrea Company Manager

Romayne Jones Special Events Manager Julia Morton Grants Manager

FINANCE & OPERATIONS Craig Lattarulo Chief Financial Officer

Barbara Sorenson Receptionist

PIANISTS Della Enns

Youngwon Park French


COMPANY STAFF

MARKETING Allie Honebrink Director of Marketing & Communications Heather Kitchen Box Office Manager Terry Honebrink Community Relations Manager/Group Sales

55

Erica Nyberg Graphic Designer Leyla Shokoohe Box Office/Marketing Assistant Louanna Wyatt Box Office Associate

CINCINNATI BALLET OTTO M. BUDIG ACADEMY Catherine Batcheller Wendy Mains Academy Dean Academy Registrar Sabir Yapparov Katie Nemeth Academy Principal Academy Assistant Nicole Hess Academy Operations Manager

EDUCATION & OUTREACH Julie Sunderland Director of Education Suzette Boyer Webb CBII Manager/Academy Coach

Kara Behling Education Coordinator Nick Ciafardini In-Step & Logistics Manager

PRODUCTION Robert Eubanks Director of Production Trad A Burns Resident Lighting Designer Melinda Dobson Production Stage Manager Diana Adams Wardrobe Mistress Laura Hofmann Assistant Wardrobe Mistress

Scott Berkley Master Carpenter Michael MeuchĂŠ Master Electrician Kim Campbell Property Mistress Jeff Corcoran Photographic Historian Sarah Hairston Company Shoe Coordinator


1555 Central Parkway, Cincinnati Ohio 45214 | 513.621.5219 | cballet.org Cover: Janessa Touchet, Back: Janessa Touchet & Patric Palkens