Milwaukee Ballet Reports Surplus for 2004-05 Season

Classic Arts News   Milwaukee Ballet Reports Surplus for 2004-05 Season
 
The Milwaukee Ballet has posted a surplus of $39,335 for the 2004-05 season, the Milwaukee Journal Sentinel reports.

The financial report was presented at the company's annual meeting last week, along with the announcement of the officers and board for the 2005-06 season. The board chair next season will be Stewart Kerr.

The company's operating expenses were $4,916,773, and took in $1,437,230 in performance income and $2,207,662 in donations.

The most tickets last season—27,980—were sold for the company's Nutcracker performances. Michael Pink's The Hunchback of Notre Dame was responsible for 5,090 tickets, and Mark Godden's The Magic Flute for 4,647. A mixed program in the spring sold 3,948 tickets.

Despite the surplus, the company in fact recorded a net loss of $160,095 because of physical-asset depreciation and interest payments on its building.


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