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WSO announces sixth consecutive operating surplus

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The Winnipeg Symphony Orchestra ended its season in the black to the tune of $128,000, its sixth consecutive operating surplus.

"It was just a great season," said WSO executive director Trudy Schroeder in an interview after the good financial news was announced at today’s noon annual meeting.

"This is an organizational record. We’ve never had six surpluses in a row in our 65 years."

On an $8.2-million budget, the organization substantially increased its surplus to $128,000, from $22,000 in 2011-12. Last season’s surplus is the best fiscal performance during the surplus streak.

Schroeder said the WSO benefited from a 10 per cent increase in concert revenue, or $326,163, generated by three more pops concerts and two more special concerts this season.

"A 10 per cent increase in ticket revenue makes a big difference," she says.

Other highlights include the Spring Achievement Awards Dinner, which netted more than $112,000 in proceeds, a new WSO Gala record.

There were also 10 sold-out concerts in 2012-13. The Soundcheck program had a 70 per cent increase in membership.

Private-sector revenue jumped by $145,051 or 12 per cent thanks to funds collected for the Sistema Winnipeg program, Endowment Fund and undesignated bequests. The Endowment Fund added $861,161 this season, leaving its market value at $5.6 million.

On the artistic side, music director Alexander Mickelthwate’s seventh season saw the orchestra produce four collector’s edition CDs including: Tchaikovsky: Symphony No. 5 in E minor, Op. 64; Beethoven: Violin Concerto in D major Op. 61; Victor Davies: Mennonite Concertos; and Glenn Gould performing Brahms: Piano Concerto No. 1 in D minor, Op. 15.

The New Music Festival featured renowned American composer and Pulitzer Prize-winner Steve Reich as well as the world premiere of composer-in-residence Vincent Ho’s From Darkness To Light: A Spiritual Journey.

— Staff

History

Updated on Wednesday, June 26, 2013 at 4:04 PM CDT: Took out part of final sentence, incorrect detail.

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