Page 5 - 2019 Big Top Chautauqua Annual Report

FINANCIAL STATEMENT ONGOING CAPITAL PROJECTS

Pre-audit figures

2019 OPERATING REVENUES Starting in 2017, the Big Top Board, Staff and Advisors Capital Project Contributors
Ticket Sales & Processing Fees $1,447,462
Total Contributions $387,685 started planning for capital improvements for the Big
Sponsorships $202,138 Top’s facility and growth needs. While the plans have had • Anonymous
Operating Donations $140,519 • Isaac & Molly Carrier
Grants $36,615 several updates since that time, our path has been led by
Fundraising Events - Net Income $8,413 • David & Sandra DeRosier
Big Top Shop $ 1 1 0 ,849 the findings of the Feasibility Study conducted in 2018. The • Duluth Superior Area Community Fund
Advertising, Interest, Misc. $49,910 study laid out the following recommendations:
Touring $28,984 • Mark Ehlers & Pauline Colamatteo
Total Operating Revenues $ 2,024,890 • Kyle & Kim Ellefson
• Work with Mt. Ashwabay on a partnership to keep
2019 OPERATING EXPENSES Big Top in its current location • Geri & Griff Evans
Total Program Expenses $ 1,396,060 • Fiorio Wealth Advisors
Big Top Summer Series $1,302,706 • Find a temporary solution to the problem of the
Tent Show Radio (TSR) $56,200 deteriorating tent • Larry & Pat Gansluckner
BTC/BCO Tours $37,154 • Friends of Larry Gansluckner
Publicity & Marketing $136,256 • Renovate the new offices, event space and retail center
Office & Organizational $122,5 31 • Therene Gazdik & Douglas Stearly
Development $96 ,0 5 1 on Hwy 13 as soon as possible • Ruth & Bruce Goetz
Management/Administration* $83,900 • Increase the capacity of Board and Staff to prepare
Big Top Shop $80, 361 • In Memory of Jo Ann Greb
Tent & Grounds $76,102 for a major capital campaign that provides the long- • Ron Harrold
Depreciation $51 ,807 term solution for the venue, addressing patron safety,
Misc Expenses $15,420 accessibility, technology, comfort and growth. • Craig & Anita Haukaas
Total Operating Expense $ 2,058,488 • Kevin Hunt
Net Profit/(Loss) ($ 33,598) • Keith Kylmala
To date we have built the Sprung brand structure over the
2019 OTHER REVENUES & EXPENSES • Terry & Stevie Matier
» Keepers Donations Net $145,606 tent and made several modifications to staging, seating • Kim & Derek Ogle
Facilities Fees - Restricted $7 7, 421 and the grounds to facilitate the new structure. We have
Miscellaneous Other Expenses ($ 1 1 ,567) secured the new office/event space by putting on a new • Terrence Panian & Patricia Effertz
Total Other Revenues and Expenses $ 2 1 1 ,460 • Jim & Joy Perry
(Non-capital) roof, and have begun planning for construction on the
» KEEPERS Donations are internally restricted for facility building set to be completed by Summer of 2021. We also • Kimberly & Quito Rymer
needs and long-term planning • Scottie & Cheryl Sandstrom
*Other salaries included in departmental expenses purchased a home in 2020 located in the middle of the • Family & Friends Of Rita Stilin
Ashwabay property where our summer tech crew will be • And YOU Through Your Raffle & Ticket Purchases
able to stay. All of these improvements will assist us in
2019 Revenues maximizing our operations and provide for a strong future
71% Ticket Sales and Processing Fees
10% Sponsorships for Big Top. Stay tuned as we continue to improve our Thank You!
7% Individual Donations venue, campuses and operations.
5% Big Top Shop
1% Touring
2% Advertising, Interest, Misc.
3% Grants Capital Funds Raised To Date
1% Fundraising Events Board Donations $1,139,500
Donations from other Friends $57,800
Heritage Society Bequest $30,644
2019 Expenses Capital Grant $ 9,740
68% Programming Other $9,208
6% Office and Organization
7% Publicity and Marketing Total: $1,246,892
5% Development
4% Management/Administration
3% Big Top Shop Capital Funds Used To Date
3% Tent and Grounds Sprung Structure $430,358
3% Depreciation Sprung Set Up/Equipment/Transport/Misc. $300,630
1% Miscellaneous
Northern Edge Roof & Other $74,276
Property Payments $73,975
Alliance Finance & Legal Consultants thru 2019 $3,358
Total: $882,597

4 Lak e Superior Big Top Chautauqua bigt op . or g or (7 15)3 7 3-555 2