Annual Report 2010–2011
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Annual Report 2010–2011 ROUNDABOUTTHEATRECOMPANY ROUNDABOUTTHEATRECOMPANY BOARD OF DIRECTORS Contents CHAIRMAN Mary Cirillo-Goldberg Carole S. Krumland Beryl Snyder Thomas E. Tuft Chairman of Global Capital Edward E. Cohen Cathy Lasry Johannes (Johs) Worsoe Markets Advisory Chief Adminstrative Officer for Lazard Frères & Co. LLC Michael T. Cohen Mark J. Manoff the Americas LETTER FROM THE CHAIRMAN 4 President, Tri-State Region Vice Chairman, Northeast The Bank of Tokyo-Mitsubishi VICE CHAIRMAN New York City Managing Partner UFJ, LTD Mary C. Solomon Colliers International NY LLC Ernst & Young LLP LETTER FROM THE ARTISTIC DIRECTOR 5 Adam Zurofsky PRESIDENT Mike de Graffenried David E. Massengill Partner Todd Haimes Cahill Gordon & Reindel LLP AMERICAN AIRLINES THEATRE 6 Artistic Director Douglas Durst John P. McGarry, Jr. Roundabout Theatre Chairman Chief Executive Officer CHAIRMAN EMERITUS STUDIO 54 8 Company The Durst Organization mcgarrybowen Steven F. Goldstone Christian C. Yegen TREASURER Sylvia Golden Carol Mitchell STEPHEN SONDHEIM THEATRE 10 Samuel R. Chapin DIRECTOR EMERITUS Executive Vice Chairman Patricia R. Goldstein Cynthia Nixon Bob Donnalley Bank of America Merrill HAROLD & MIRIAM STEINBERG CENTER FOR THEATRE/ Lynch John R. Gordon Laura Pels Todd Haimes LAURA PELS THEATRE 12 President Artistic Director SECRETARY Harry E. Gould, Jr. The Laura Pels International Lawrence Kaplen President and CEO Foundation for Theatre Harold Wolpert HAROLD & MIRIAM STEINBERG CENTER FOR THEATRE/ Gould Paper Corporation Managing Director BLACK BOX THEATRE 14 Leslie E. Bains Charles Randolph-Wright Managing Director Perry B. Granoff Julia C. Levy Citi Private Bank Steven A. Sanders Executive Director HAROLD & MIRIAM STEINBERG CENTER FOR THEATRE/ Maureen A. Hayes Partner James J. Burke, Jr. Sanders, Ortoli, Vaughn-Flam Scott Ellis READINGS AND WORKSHOPS 16 Founder and Managing Member Abby F. Kohnstamm & Rosenstadt LLP Adams Associate Artistic Director J. Burke Capital Partners LLC THE IMPORTANCE OF BEING EARNEST: LIVE IN HD 18 Gene R. Korf Steven Schroko Jim Carter Attorney Managing Director Vice President Eastern Korf & Rosenblatt UBS Private Bank AWARDS 19 Sales Division American Airlines Stephanie Kramer Chip Seelig ACCESS ROUNDABOUT 20 LEADERSHIP COUNCIL EDUCATION@ROUNDABOUT 21 CHAIRMAN Barbara McIntyre Hack Laura Rodgers Yolanda R. Turocy SPRING GALA 2011 22 Managing Director Jeannette Hobson Patricia A. Stockhausen Neuberger Berman LLC Senior Vice President President OUR SUPPORTERS 23 Vistage International Emergency Management Polly Bergen Training Bob Howe STAFF 27 Linda L. D’Onofrio Rebecca A. Sullivan Attorney at Law Cherry Jones Health Advisor Day Pitney LLP Pinnacle Care International Frank Langella Christopher M. Formant Barry C. Waldorf Kathleen Maloney Retired, Managing Director Boyd Gaines U.S. Trust Company of Helen Mirren New York Ned Ginty Goldman, Sachs & Co. Brian Murray Tony Walton For a copy of our most recent audited financial statement, please contact Development by phone at (212) 719-9393, Bill Giove Liam Neeson or by email at [email protected]. To view the financial statement online, pleaseclick here. President Front cover photo: Sutton Foster and cast in Anything Goes Giove Company, Inc. Christopher Plummer Back cover photo: David Furr and Santino Fontana in The Importance of Being Earnest Jodi Glucksman Ron Rifkin 2 3 Letter from the Chairman Letter from the Artistic Director Over the 12 years that I have served on the Board of Directors, it has been a true honor to work Our 2010-2011 season truly reflected Roundabout’s mission: to provide a theatrical home to artists with the skilled staff of professionals at Roundabout. Each season brings new challenges which they where they can reinterpret some of the most extraordinary works in the canon, and where artists continuously tackle with creativity and ingenuity. Never content to rest on their laurels, Artistic representing a variety of perspectives can create new work that contributes to our country’s rich Director Todd Haimes, Managing Director Harold Wolpert and Executive Director Julia Levy theatrical tradition. The result was a quintessential Roundabout season. encourage us all to set the bar for success higher and higher. For me, this season was a perfect mix of old and new, and I saw that mix happening on a number of This season, as other not-for-profit companies were cutting the number of productions in response levels. We saw exciting revivals of classics by George Bernard Shaw, Oscar Wilde, Tennessee Williams, to the recession, Roundabout actually expanded its slate by presenting a total of ten productions and Cole Porter alongside engaging new work by some of the best of the current generation of in its five theatres: two world premiere musicals, one musical revival, three play revivals, and four new plays, including one playwrights, including Julia Cho, Kim Rosenstock, and David West Read. Just as the authors represented both the rich past and commission and two by writers receiving their New York City debuts. Nowhere else in New York could you find a season of the bright future, so did the talent on stage. We were able to bring back longtime friends of Roundabout such as Cherry Jones such depth, variety and ambition, and I couldn’t be more proud to be associated with an organization that continues to fulfill its and Brian Bedford, in addition to bringing artists into the fold whom I’ve been admiring from afar for some time, such as Reed mission with such passion. Birney, Olympia Dukakis, and Sutton Foster. The result was a season that succeeded with audiences — subscribers and single ticket-buyers — as well as critics. Anything Goes, While plays like The Importance of Being Earnest and Anything Goes were finding themselves on Broadway for the first time the Tony Award-winner for Best Revival of a Musical, has been a particular success, becoming the highest-selling subscription run in several decades, we were also producing work that was being seen for the first time…period! This was the case for our in Roundabout history. Our productions also received praise from critics and the greater theatre community, winning four Tony Roundabout Underground productions, Tigers Be Still and The Dream of the Burning Boy, as well as our productions of the new Awards, 15 Tony Award nominations, and six Drama Desk Awards, among others. Fundraising surpassed expectations, with this musicals The People in the Picture and Death Takes a Holiday. year’s Spring Gala bringing in a record $2.1 million due in large measure to the efforts of my colleagues on the Board. It was ambitious to take on this much new work in one season, but I feel strongly that Roundabout should serve as a place where With five theatres running full throttle, we are now able to seize opportunities in ways that were never possible before. When artists can bring their riskier projects and get the chance to really develop them. Through our New Play Initiative, we hold dozens Brian Bedford’s wonderful production of The Importance of Being Earnest opened in January, it was only scheduled to run for 13 of readings and workshops each season, readying work for the stage and giving artists a nurturing space to experiment. Yes, it weeks, after which The People in the Picture was scheduled to take over the American Airlines Theatre. But in light of Earnest’s is a tremendous risk to produce new musicals, but I am proud that our new musical productions this year were a reflection of rapturous critical and audience response, we wanted more people to have the chance to see this incredible production. So the Roundabout’s commitment to continuing the great, and innately American, tradition of musical theatre. Roundabout team rushed to work and, within a week, The People in the Picture was redesigned so that it could play in the larger Studio 54, and Earnest enjoyed a 17-week extension. In addition, Earnest became the first production by an American theatre In addition to the work on our stages, we also continued to ensure our commitment to the larger New York community through company to be filmed in HD and screened in cinemas worldwide, giving Roundabout a truly global reach. We were also able to a number of programs. We expanded our Associate Artist program through the support of a generous donor who committed $1 help fund our not-for-profit programs with income generated from the rental of the Stephen Sondheim Theatre to commercial million to secure this program over the next five years. It has always been important to me to support artists beyond their work Broadway productions, providing a new and sustainable revenue stream for the times when we do not have our own production on our stages, and this program accomplishes that goal by providing stipends to young and mid-career artists, giving them at playing. least some level of much-needed financial support, which we hope will allow them to stay in New York and continue to work in the theatre. The Roundabout Archive is also in full swing, thanks to the generosity of the Leon Levy Foundation, making us one Roundabout, like all arts organizations, continues to face fiscal challenges: our subscription base has yet to return to pre-recession of a select number of not-for-profit theatres to maintain an institutional archive. We now have educators, students, and theatre levels, and we experienced a major single-ticket sales shortfall from one of our productions, which unfortunately resulted in a enthusiasts coming in to access our rich 45-year history of productions and management practices for scholarly research. We deficit for the year. As we plan for our next season, even with the continued success of Anything Goes, we are budgeted for another hope our archive will be an inspiration to other theatres around the country. Finally, our education programs reached 6,729 deficit.