OBT 2022 Annual Report

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2022 ANNUAL REPORT



Dear valued friends and supporters, Because of you, Oregon Ballet Theatre (OBT) today is as well-positioned for the future as at any time in our 33-year history. We did not just survive but have emerged from the Covid-19 pandemic artistically vibrant, financially healthy, and organizationally strong. During the limitations of the pandemic, we chose to use that time to strengthen OBT through intensive organizational development work. We continue building on those efforts today. The results are clear: Artistically Vibrant. Our Company is strong. Our season was favorably received by critics and audiences. Our School is expanding its depth and variety of offerings. Our teaching artists are bringing high-impact programming to classrooms across the region. Financially Healthy. We are debt-free. Our Board-designated building fund remains untouched and growing. We just completed our eighth consecutive year in the black. Organizationally Strong. We completed a Good Governance initiative to strengthen our Board’s oversight. Our new Code of Culture will foster an environment of kindness. We amplified our diversity, equity, and inclusion work. Our One OBT initiative has served to break down silos and present OBT as one holistic organization. OBT is vibrant, healthy, and strong, and our future is bright. You made that possible. Our heartfelt thanks.

Thomas Bruner Executive Director

Peter Franc Interim Artistic Director

Allison Lane Lyneham Board Chair

tt OBT’s Education and Community Engagement programming at Gilbert Park School. By Jingzi Zhao t Xuan Cheng and Brian Simcoe in Ben Stevenson’s Three Preludes. By Jingzi Zhao


COMPANY Jennifer Archibald

Darrell Grand Moultrie

Michelle Manzanales

Matjash Mrozewski

Dani Rowe

Choreographers

Trey McIntrye

Successfully navigated Covid outbreaks to present a full five-

Featured five company premieres, including one world prem

Featured the artistry of four female choreographers and three

Welcomed back the OBT Orchestra for our winter performa

Added Ben Stevenson’s critically-acclaimed Dracula to OBT

Welcomed 58,000 patrons back to the theatre to experience

Conducted auditions across the country to recruit top talent


-program season with no cancellations

miere

e choreographers of color

ances

T’s repertoire 35 live performances

t for our 2022/23 season

p Jessica Lind, Christopher Kaiser, and Michael Linsmeier in Ben Stevenson’s Dracula. By Jingzi Zhao


SCHOOL ■

Served 285 students ranging from 3 to 74 years old

Returned to 100% in-person instruction and live musical accompanists

Featured 100 students in the annual school performance On Stage, with packed and enthusiastic houses enjoying adapted works by Katarina Svetlova, Elise Legere, Natasha Bar, and Lisa Sundstrom and commissions by Ye Li and LeeWei Chao

OBT2 resumed its annual Spring Tour performing in Bend, St. Paul, Sherwood, and Milwaukie

Dancers from OBT2, OBT’s junior company, performed alongside the main company in The Four Temperaments, George Balanchine’s The Nutcracker®, and Dracula

Held national auditions for the 2022 Summer Intensive, resulting in the enrollment of 154 students from across the country


COMMUNITY ENGAGEMENT

In-person dance residencies resumed in public schools

Launched summer enrichment programming with David Douglas School District

Resumed its Student Performance Series with a special matinee of Dreamland

1,600 educators, students, and partners attended main stage productions at no cost

5,462 students, educators, and families engaged

77% of partner schools are Title I

51% of students are of color, 32% of students are emergent bilingual

Developed multi-year plan for program expansion on a district-wide level

pOBT’s Education and Community Engagement programming at Gilbert Park School. By Jingzi Zhao t Oregon Ballet Theatre School primary level students. By Jingzi Zhao


DIVERSITY, EQUITY & INCLUSION REPRESENTATION ■

Board of Trustees – increased from 4% to 19% people of color

Company - 38% of our 26 dancers are of color

Choreographers - Season: four women (33%); three of color (25%); OBT2: Two commissions by choreographers of color

HUMAN RESOURCES

LEARNING ■

Joined national Cultural Competency and Equity Coalition, with strong staff participation in monthly cohort sessions

Conducted mandatory anti-racist training

Conducted mandatory anti-harassment/ discrimination training

INCLUSION

Embedded equity in job descriptions, postings, recruiting, interviewing, and evaluation

Updated school uniform requirements to allow for variation in skin tone

Developed code of culture and conduct and embedded equity throughout

Increased racial diversity of staff in community education, school, and OBT2

Supported company dancers of color by broadening color palette of make-up, shoes, and tights in performance

Embraced diversity in body types in our school

Removed restrictions prohibiting the outside study of other dance forms

Modified two existing changing rooms to be gender neutral


t Education and Community Engagement students p Audience member at OBT2 Spring Tour performance. By Jingzi Zhao


FINANCIALS 7% 12% 34%

36%

4% 54% 12%

8%

11%

21% 1%

2022 EXPENSES - $7.4M

2022 REVENUE - $9M Tickets & Fees - 34%

Shows - 54%

School & Education - 8%

Marketing - 11%

Concessions & Other - 1%

School & Education - 12%

Contributions & Grants - 21%

Fundraising - 4%

Pandemic Relief Funds - 36%

Administrative - 12% Facilities - 7%

YEAR-OVER-YEAR EARNED REVENUE RECOVERY 5,000,000 __________________________________________________________________________ 4,500,000 __________________________________________________________________________ 4,000,000 __________________________________________________________________________ 3,500,000 __________________________________________________________________________ 3,000,000 __________________________________________________________________________ 2,500,000 __________________________________________________________________________ 2,000,000 __________________________________________________________________________ 1,500,000 __________________________________________________________________________ 1,000,000 __________________________________________________________________________

BALANCE SHEET JUNE 30, 2022 Cash...........................................................2,900,000 Investments................................................4,780,000 Receivables & Prepaids................................760,000 Fixed Assets, Net..........................................150,000 Total Assets 8,590,000 Liabilities....................................................... 240,000 Deferred Revenue........................................ 950,000

500,000 _____________________________________________________________________________________

FY 2021 ACTUAL Actuals/Forecast

FY 2022 ACTUAL

FY 2023 FORECAST

Pre-Covid Earned Revenue

Net Assets.................................................. 7,400,000 Total Liabilities & Net Assets 8,590,000

Financial data shown is unaudited. For more information visit: www.obt.org/about-obt/financials


FINANCIAL HIGHLIGHTS ■

Remained debt-free

Exceeded earned income goal by 2%

Finished the eighth consecutive year operating in the black

Met 92% of contributed income goal

Developed strategies to grow revenue to replace reliance on government funds

Developed strategies to build cash reserves to six months of operating expenses

Board-designated building fund untouched and growing Significant reliance on government Covid-19 relief funds

DONORS & FUNDERS Over 1,300 individuals, families, foundations, businesses, and organizations made our work possible through their financial support. For gifts ranging from $5 to $100,000 and more, we are deeply grateful. A full list of donors is published in our performance playbills. A digital copy is available upon request

Martha and I have supported OBT since 1995, including naming the organization in our estate plans. We love the art

form of ballet and so admire ‘our’ dancers for excelling in everything from The Sleeping Beauty to contemporary world premieres.

We also commend OBT for working so carefully to become a diverse, inclusive, and even anti-racist organization. ­—Linda Besant (image,right), with her wife Martha Goetsch

uuHannah Davis in Dreamland by Jingzi Zhao


BOARD OF TRUSTEES Cate Sweeney, Chair

Matt Watson, Vice Chair

Kathleen Lewis, Co-Secretary

Allison Sneider, Co-Secretary

Charlie Jones, Treasurer Kristin Asai Adriane Blackman Aaron Courtney Nancy Frisch

Alan Garcia Elizabeth Gewecke Juliet Hillman Cary Jackson

Catherine Levi Nolan Lienhart Allison Lyneham Sharon Mirarchi

720 S Bancroft St., Portland OR, 97239 | OBT.org

Dean Richardson Sanda Stein Lauren Thibodeaux Betsy Warren