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About Us » Governance and Operation » Fiscal Management
One of the stated goals of the organization is the awarding of scholarships to local high school seniors. You can learn more about this in our Scholarship section. Since it’s inception in 1968 the Corporation has awarded over $200,000 in scholarships.
This has been accomplished through prudent fiscal management. Each year’s show is carefully budgeted to allow for excess proceeds, which are awarded as scholarships. This careful management of funds has allowed us to give scholarships every year since the first were given out in 1968 while maintaining a reserve fund which covers each shows start-up costs and cushions us against “off years”.
The actual budget changes from year-to-year based on the show chosen, but a representative budget can be shown based on past history and current trends.
 Income
Contributions and Interest: 10%
Contributions in the form of Patronage, charitable giving and consideration for the use of costumes from our collection. Plus, interest earned on moneys in the bank.
Program Advertisement: 8%
Local businesses are offered a chance to advertise in our program, or become Corporate Sponsors which offer additional advertising benefits.
Ticket Sales: 85%
The sale of tickets is the primary income source. Purchase of a ticket also entitles the purchaser to attend the annual meeting and vote in the election of Board Members.
 Expenses
Corporation: 10%
The corporation has a variety of expenses, which are required to run the organization. Included are office supplies, phone, postage, logistics, insurance, publication of our newsletter (The Stage Door), rental expenses (for our costume collection), etc.
Staff and Orchestra: 21%
Production designers (Set Designer, Costume Designer, etc.) and orchestra members receive a stipend for their services. None of the on-stage talent or members of the Board of Directors receive any pay for their services.
Production: 59%
Expenses in this area are those needed to produce the annual show, such as; royalties, sets, costumes, lights, props, sound, box office, marketing and publicity, and rental of the theater space.
Scholarships: 11%
Any profits are turned into scholarships. The amount given out is adjusted by dipping into a reserve fund on slow years. In good years part of the profits may be used to replenish the reserve fund, but only after scholarships are provided for.
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