Winnipeg Free Press - PRINT EDITION

RMTC announces surplus for 2013-14

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The Royal Manitoba Theatre Centre announced Wednesday night an operating surplus of $241,793 on its 2013-14 season.

At its annual general meeting, RMTC company managers credited the healthy surplus to box-office successes, responsible management and effective fundraising campaigns, but provided no specifics. It's the second consecutive year that the regional theatre is in the black; it has significantly increased the size of the surplus from $96,032 in 2012-13.

"I continue to be amazed by everything this organization achieves each year," said board chairman Kerry Dangerfield. "Royal MTC's vision is that theatres and our province will teem with artists and artists sharing in the art of imagining. This vision remains at the centre of everything we do and we can take great pride in what we accomplished this past season."

Mainstage season subscriptions continued a recent slide to 13,386 from 13,663 last year, but from 16,738 as recently as 2010-11. At the Warehouse, subscriptions slipped slightly to 2,754 from 2,881 the previous season. For the first time in several seasons, mainstage attendance increased to 98,635 from 96,084 in 2012-13.

RMTC continues to be the picture of financial health. The majority of the surplus was transferred to its stabilization fund, which stands at $557,000. Close to another $500,000 sits in its capital replacement fund. Then there is the RMTC endowment fund, which also had a good season, growing in value to $16.4 million from $14.3 million a year ago. The fund contributed $564,755 to the company's coffers this season.

Republished from the Winnipeg Free Press print edition June 26, 2014 C6

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