Annual Report FY20
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FLORIDA THEATRE Annual Report Our mission statement The mission of The Florida Theatre Performing Arts Center, Inc., as a nonprofit organi- zation, is to enhance the North Florida community’s quality of life by providing diverse and memorable arts and entertainment experiences, and by preserving a unique historic Jacksonville landmark. Letter to our Supporters Dear Friends and Supporters, On behalf of the Florida Theatre Board of Directors and from a Payroll Protection Program Loan and an Economic professional staff, we are pleased to present the Annual Injury Disaster Loan from the Small Business Administration; Report for the fiscal year that ended on September 30, 2020. a CARES Act Grant from the City of Jacksonville; and a Covid-19 Response Business Community Relief Loan from Just 5-1/2 months into the year, Florida Theatre operations Vystar Credit Union and the City of Jacksonville. were of course cut short by Covid-19. The pandemic to be a challenge that casts a shadow over everything else. In fact, We also made it this far because the theatre’s supporters while preparing this report, we were surprised to remember stepped up. Community First Credit Union renewed how many good things happened before the theatre closed its season sponsorship for five years, and 100% of our on March 12. Corporate Partners renewed their annual memberships too. The number of individuals making a membership The biggest news before COVID-19 was that the Florida contribution fell by just 5%, and the f act that the number Theatre merged with Theatreworks, one of Jacksonville’s of donors fell just slightly is a strong statement about the oldest arts organizations, dedicated to bringing the finest importance of the Florida Theatre in our communal lives. professional touring children’s theatre to Jacksonville to perform for school audiences. With no donor overlap and One good thing to come out of the pandemic is that as entirely complementary programming, the merger reduced long as the theatre was closed anyway, we accelerated a costs, increased profitability, and allowed the Theatreworks $2 million improvement project slated for next summer, staff to focus on programming. and replaced the theatre’s seats and sound system. It was possible to do that work now because we already Even though it was 38 weeks and 6 days from March 12 had dedicated funds in the bank, plus a match from the Tom Bolling to the next show, attendance was already strong enough City of Jacksonville. Thanks to all of the campaign donors Chairman that the venue management magazine VenuesNow would listed later in this report, as well as Mayor Lenny Curry, his ultimately rank the Florida Theatre as one of the Top 20 Tour administration, and the Jacksonville City Council for their Stops in North America for 2020. Many other highlights are support of improving the historic Florida Theatre. captured in these pages. As of this writing, we’re open again, but at 50% of our capacity, with an upcoming schedule that We’re open again with a limited schedule of performances. is a fraction of what we’re accustomed to. We have changed Some people are comfortable attending, and some are our presentation this year so you can see in measurable waiting until we are truly in an “all clear” position. In either terms exactly what was lost during the second half of Fiscal case, we are pleased to share this Annual Report with 2020. you, and to thank you for your own support of the Florida Theatre. We look forward to seeing you again soon. This report doesn’t capture everything, however. One hundred nineteen show workers (stagehands, box office PS – In a nod to one of this year’s “at home” past times, this representatives, security workers, bartenders) still do not year’s report is presented as a coloring book. Click here to have significant employment. Our administrative staff is 25% download printable pages you can color with your family. smaller than it was in March. Everyone still employed at the Then take a photo of your creation and post it to social theatre is working for reduced wages. media using the tag @floridatheatre. In a typical year, the Florida Theatre’s budget is about $9.5 million. In this particular year, 96% of the income we would Numa Saisselin have earned in the second half of the year disappeared. We President were fortunate to receive help covering our survival costs Events in the year 2019-2020 The Florida Theatre was pleased to promote or co-promote these performing artists, ensembles and events during the 2019-2020 fiscal year: Peppa Pig Elvis Birthday Bash Scott Stapp Criss Angel Baby Shark Live The Righteous Brothers Bert Kreischer Demetri Martin Lil Duval Queensrÿche Benise – Fuego! Spirit of Spain Jesse Cook Anjelah Johnson Pout-Pout Fish, for schools Rumours of Fleetwood Mac Daniel Tiger’s Neighborhood Robert Randolph Louie Anderson & Rita Rudner Cat & Nat Newton’s Apple, for schools Switchfoot Sinbad Rocky Horror Picture Show Kansas Cody Ko & Noel Miller Blippi Live Here Come the Mummies Chicken Dance, for schools We Will Rock You ABBA Mania Roy Orbison & Buddy Holly Hologram Harriet Tubman, for schools Show Black Violin Dane Cook Drew & Ellie Holcomb Mindi Abair Masters of Illusion Kevin James Tom Papa Greg Gutfeld Jimmy Webb Dwight Yoakam Kevin Smith Steven Wright Dinosaur World Live The Florida Theatre thanks these Disney Jr. Holiday Party UFO Paula Poundstone The Wild Kratts organizations for bringing their events Kidz Bop Steep Canyon Rangers Mystery Science Theatre Little River Band & Lords of 52nd Street to the Florida Theatre during the Il Divo The Office - The Musical Dave Koz Christmas Tour with Jonathan Southside Johnny & the Asbury Jukes Butler, Melissa Manchester, Michael Get the Led Out 2019-2020 fiscal year: Lington, Chris Walker Keb’ Mo’ TEDxJacksonville Leonid & Friends Fairy Tales of Grimm Theatreworks Trisha Yearwood Doug Berky - Gems: The World’s Wisdom RuPaul’s Drag Race The Very Hungry Caterpillar Stories I Love Music Tour Peter White, Euge Groove, Vincent Doug Berky’s No Show Community Nutcracker Ingrala, Lindsey Webster Princess Thimbelina Moscow Ballet Rudolph the Red Nosed Reindeer, the Justin Willman Barbershop Harmony Society Musical Follow Me: Virtual Escape Room LJ Productions NE FL Scholastic Art Awards Blackberry Smoke Pryor and Lee Great Guitar Gathering New Year’s Eve with JJ Grey & Mofro John Lewis: Good Trouble North American Entertainment Year in review 2019-2020 OCTOBER 1 The Florida Theatre’s fiscal 2019-2020 year began on October 1 with a performance of Peppa Pig, a live stage production based on the Nick Jr. cartoon and hit TV show. OCTOBER 12 Jacksonville native Lil Duval returned to the Florida Theatre. OCTOBER 23 Cat & Nat hosted a meet and greet for their fans on the stage after their show, including Dana Gordon (seated center). OCTOBER 19 TEDxJacksonville returned to the Florida Theatre with a lineup of local and national speakers, and demonstrations of robotics and autonomous vehicles. POP was the theme. “POP is the birthplace of ideas. POP is what comes next. Be ready for it.” ASSETS For the year that ended September 30, 2020 2019 Statements of Financial CURRENT ASSETS: Position Cash and cash equivalents $1,204,007 $ 1,526,593 2019-2020 Accounts receivable 22,036 70,325 Grants receivable 11,763 Promises to give, net, due within one year 511,306 228,127 Inventory 34,815 32,308 Prepaid expenses 71,275 196,952 TOTAL CURRENT ASSETS $1,855,202 $2,054,305 NON-CURRENT ASSETS: Cash and cash equivalents, restricted 1,102,038 702,077 Promises to give, net, due after one year 157,616 202,736 Beneficial interest in assets held by the Community Foundation 1,164,247 1,125,386 for Northeast Florida, Inc. Property and equipment, net of accumulated depreciation 950,383 239,772 TOTAL NON-CURRENT ASSETS 3,374,284 2,269,971 TOTAL ASSETS $5,229,486 $4,324,276 LIABILITIES AND NET ASSETS CURRENT LIABILITIES: Accounts payable and accrued expenses $ 453,235 $ 194,122 Deferred revenue 1,446,204 2,386,713 Current portion of capital lease obligation 15,244 14,530 TOTAL CURRENT LIABILITIES 1,914,683 2,595,365 LONG-TERM LIABILITIES: Notes Payable 150,000 - Capital lease obligation, less current portion 6,566 21,810 TOTAL LONG-TERM LIABILITIES 156,566 21,810 TOTAL LIABILITIES $2,071,249 $2,617,175 NET ASSETS: Without donor restrictions 575,964 (547,969) With donor restrictions Restricted by purpose 1,418,026 1,129,684 Restricted in perpetuity 1,164,247 1,125,386 TOTAL NET ASSETS 3,158,237 1,707,101 TOTAL LIABILITIES AND NET ASSETS $ 5,229,486 $ 4,324,276 Year in review continued... NOVEMBER 6 The Florida Theatre’s First Annual VIP Concert happened at Bowing Oaks. The invitation-only event was a thank you for the Florida Theatre’s Corporate Partners and most important individual donors and members. After cocktails and an informal dinner in the courtyard of Bowing Oaks, the evening featured a private concert by The Lords of 52nd Street, Legends of the Billy Joel Band, starring Russell Javors (guitar), Liberty DeVito (drums) and Richie Cannata (sax), the band members that recorded Billy Joel’s Grammy Award winning albums of the 1970’s and 1980’s. Lighting, sound and production was sponsored by AVL Productions and Eventcraft. FOR THE YEAR ENDED SEPTEMBER 30, 2020 Without Donor With Donor 2020 2019 Statement of Restrictions Restrictions Total Total Activities REVENUES AND OTHER SUPPORT Contributions $793,306 - $793,306 $707,139 2019-2020 Capital campaign contributions - $1,042,801 1,042,801 566,901 In-Kind contributions 119,171 - 119,171 132,000 City of