55 social service

agencies

FLYNN 14/15ANNUAL REPORT

MAT

T KA

RAS

P E R F O R M I N G A R T S

ROBERT ASCROFT

FRÉD

ÉRIC

SIL

BERM

AN

FLYNNARTS

1,517students

132 classes, workshops,

camps, and performance programs

$18,505 in scholarships awarded

MAINSTAGE/FLYNNSPACE

285 performances 112,278 attendees

Community Arts Organizations: 205 performances

120 events 130 free hours of music

9,600 ticketed attendees

Providing Accessible Community TicketsP.A.C.T. PROGRAM

1,800 discounted

vouchers redeemedBURLINGTON DISCOVER JAZZ FESTIVAL

172 schools

35,020 matinee attendees

39 matinees

196 homeschool families

36 teacher workshop hours

99 schools participated in workshops

6,161 attended for free

8,991 miles traveled by teaching artists to reach schools outside of Chittenden County

1,125 school workshop hours

CP SATYAJIT

SCHOOL PROGRAMS

more than

50,000 attendees

$68,400 in discounted tickets

Board Officers FY 2013-14

Peter M. Bernhardt, ChairSara Byers, Vice Chair

Leigh Keyser Phillips, SecretaryMichael R. Tuttle, Treasurer

John P. BossangeBarbara Landé Bronfman

Brianne E. ChaseSandra K. Enman

Peter S. ErlyEric Flegenheimer

Linda Barth GoldsteinWanda Heading-Grant

Greg KellyJoel Klein

Fred “Chico” LagerMark A. LanganAida Reed Luce

Chuck ManiscalcoBonnie Reid MartinNancy J. McClellan

Eric MillerDavid O’Neal

Rich PriceErika D. Senft Miller

Michael K. SmithJostein Solheim

Joan A. SylvesterFrances Tobin

Lynn M. ValleeDouglas J. Wacek

Trustees EmeritusRobert F. Cooper

Bari DreissigackerHeather Dwight

James FosterVirginia Golodetz

John GravelWalter LeveringRobert E. MillerRemo Pizzagalli

Ernest PomerleauDel K. SheldonAmy E. Tarrant

Elizabeth Woods

Honorary TrusteesJohn & Mary Abele

Bill & Debra GottesmanLois McClure

Patrick Robins &Lisa Schamberg

Katharine & Charles Tipper

Footnotes:1. Includes the Discover Jazz Festival and the capital campaign.2. Endowment consists of contributions by individuals, corporations, and family foundations held

by the Flynn and the Vermont Community Foundation in support of programming and operations.3. Includes temporarily restricted support released from restrictions during the year..4. Includes realized and unrealized gains (losses) on investments.5. Includes Special Events expense of $104,500.6. Includes depreciation expense of $393,900 in programming and services and $27,400 in administration.7. Transfers were made from endowment to support programming and operations. Distributions were made

in accordance with the spending policy as established in the Flynn Center’s Investment Policy Statement.8. Includes $1,200 and $8,800 in current and long-term pledges receivable, respectively, from Andrea’s Legacy

Fund. $100,000 was transferred from the fund to support programming and operations during the year.9. The organization completed the Stand Up for the Flynn: Take a Seat! campaign in support of the final part

of a three-phase capital project in 2015. Phase I: included enclosure of the loading dock. Phase II was the Patron Enhancement Project, which included replacement of the seats in the theater, expansion of handicap seating, new carpeting, and lobby enhancements. Phase III included a review of the existing facility footprint, expansion of the lower men’s restroom facilities, renovation of the Box Office, and an upgrade to the artist facilities in FlynnSpace. $326,200 was released from temporarily restricted net assets in 2015. The campaign raised a total of $2,229,000, including a $1,000,000 anonymous donation.

OPERATING RESULTSWhere It Came From & Where It Went OPERATING1 OP% ENDOWMENT2 TOTAL

REVENUE (see graph below) Support and contributions3,9 2,735,900 41.5% 360,300 3,096,200 Earned revenue4 3,858,900 58.5% 9,900 3,868,800 Total support and earned revenue 6,594,800 100.0% 370,200 6,965,000 EXPENSES (see graph below) Programs and services 5,376,000 83.0% - 5,376,000 Fundraising and administration5 1,102,100 17.0% - 1,102,100 Total expenses, excluding depreciation 6,478,100 100.0% - 6,478,100 Change in unrestricted net assets, before depreciation and transfers 116,700 370,200 486,900 Depreciation expense6 (421,300) - (421,300) Change in unrestricted net assets, before transfers (304,600) 370,200 65,600 Transfers from endowment7 381,400 (381,400) - Change in unrestricted net assets, after transfers 76,800 (11,200) 65,600

STATEMENT OF FINANCIAL POSITION What We Own and What We Owe OPERATING1 ENDOWMENT2 TOTAL

ASSETS Current assets8 4,613,800 4,400 4,618,200 Contributions and grants receivable8 133,100 - 133,100 Property and equipment 6,995,200 - 6,995,200 Investments 489,700 8,837,700 9,327,400 Beneficial interest in assets held by others - 472,000 472,000 Total Assets 12,231,800 9,314,100 21,545,900 LIABILITIES and NET ASSETS LIABILITIES Current liabilities 2,240,400 - 2,240,400 Total liabilities 2,240,400 - 2,240,400 NET ASSETS Unrestricted net assets 8,555,600 408,100 8,963,700 Temporarily restricted net assets 1,213,300 2,799,300 4,012,600 Permanently restricted net assets 222,500 6,106,700 6,329,200 Total net assets 9,991,400 9,314,100 19,305,500 Total liabilities and net assets 12,231,800 9,314,100 21,545,900

REVENUE EXPENSES

Support and contributions

58.5% Earned revenue

83.0% Programs and

services

Fundraising and administration

OPERATING RESULTS

41.5%17.0%

FLYNN CENTER FOR THE PERFORMING ARTS, LTD.FINANCIAL HIGHLIGHTS/FISCAL YEAR ENDING JUNE 30, 2015

Board Officers FY 2014-15

Peter M. Bernhardt, ChairSara Byers, Vice Chair

Leigh Keyser Phillips, SecretaryMichael R. Tuttle, Treasurer

John P. BossangeBrianne E. ChaseClarence E. Davis

Staige DavisChiuho Duval

Sandra K. EnmanPeter S. Erly

Eric FlegenheimerLinda Barth GoldsteinWanda Heading-Grant

Greg KellyJoel Klein

Fred “Chico” LagerMark A. LanganAida Reed Luce

Nancy J. McClellanEric Miller

David M. O’NealRich Price

Erika D. Senft MillerMichael K. Smith

David SteverJoan A. Sylvester

Frances TobinLynn M. Vallee

Trustees EmeritusRobert F. Cooper

Bari DreissigackerHeather Dwight

James FosterVirginia Golodetz

John GravelWalter Levering

Bonnie Reid MartinRobert E. MillerRemo Pizzagalli

Ernest PomerleauDel K. SheldonAmy E. Tarrant

Elizabeth Woods

Honorary TrusteesJohn & Mary Abele

William & Debra Gottesman

Lois McClurePatrick Robins &Lisa Schamberg

Katharine & Charles Tipper