SEASON Annual Report Phoenix Symphony Association
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2007 08 SEASON Annual Report Phoenix Symphony Association www.phoenixsymphony.org (as of September 2009) BOARD OF DIRECTORS Phoenixestablished 1947 Symphony Association Barbara Anderson C.A. Howlett John D. Zicarelli Community Leader Senior Vice President Retired Vice President, Strategy and Risk for Public Aff airs, US Airways Management, Scottsdale Insurance Company Charles Berginc Chairman, Symphony Board of Directors Principal Trumpet, Th e Phoenix Symphony Adam Zweiback Symphony Players’ Committee Chair Michael Johnson Teacher, Pardes Jewish Day School Councilmember, City of Phoenix David R. Bornemann Principal, Bornemann Associates LLC Richmond Johnson Clarinet, Th e Phoenix Symphony Donald E. Brandt Symphony Musician Representative THE PHOENIX SYMPHONY Executive Vice President and CFO, Board of Overseers Pinnacle West Capital Corp. Malcolm Jozoff established 2007 Symphony Committee Chair, Audit Founder, New Hope Partners Owner, Donovan’s Steak & Chophouse Larry Miller, Chairman Benjamin F. Brown, Ph.D. Sharon Amrein President & CEO, B&L Charitable Foundation David A. Kahn Bob Booker Symphony Committe Chair, Marketing, First Vice President, Portfolio Manager Dick Bowers Artistic Advisory, & Audience Development & Financial Advisor, Morgan Stanley Nanci Bruner Mary Carey Michael Casey Linda T. Miller Shelley Cohn Financial Principal, Lowry Hill Realtor, Sotheby’s International Realty Bruce & Jane Cole Symphony Committee Chair, Finance President, Symphony Volunteer’s Committee Jim Copenhaver Treasurer, Phoenix Symphony Association John D. Driggs Elissa L. Mullany Jane Evans Jack Clifford Principal and Founding Partner, Rusty Foley Community Leader Mullany Consulting Cheryl Hintzen-Gaines Sue Glawe Hugh Downs Gerald W. Murphy Mayor Phil Gordon Honorary Symphony Trustee President, Murphy Consulting LLC Laura Grafman Community Leader Chairman Emeritus, Jean Grossman and Retired Broadcast Journalist Symphony Board of Directors Philip M. Haggerty Clemens F. Hellmann Dr. Drake D. Duane James Nelson Dave Howell Physician, Institute for Developmental President, Professional Musicians Jane Jozoff Behavioral Neurology of Arizona, Local 586, A.F.M. Connie Jungbluth Chair, Physicians for the Phoenix Symphony William E. Koenig Julie Prusak John R. Lewis Jessica Florez-Lieb Chief Financial Offi cer, Ethos Consulting K. David Lindner President/Consultant, Jessica Florez Inc. Karen Liepmann David A. Selden Mim J. McClennen Sandra Lee Gibson Ballard Spahr Andrews & Ingersoll Beth McRae Vice President and Chief Actuary, Symphony Committee Chair, Gift Acceptance Betty McRae Blue Cross Blue Shield of Arizona Diane Might Roger R. Smith Nancy Miller Thomas Gilson President & CEO, Salt River Materials Group Dr. Morton Munk Partner, Lewis & Roca, LLP Dee Dee Nadler Richard Snell Debbie Paine Maryellen H. Gleason Honorary Symphony Trustee Jaye Perricone President & CEO, Th e Phoenix Symphony Community Leader Dr. Timona Pittman Bob Ramsey Kathy Haake Frederick R. Unger Mario Trejo Romero Manager, Human Resources Services, SRP President, Spring Creek Development Jordan R. Rose Symphony Committee Chair, Contract Review Dr. Lawrence J. Shapiro Secretary, Phoenix Symphony Association John C. Vryhof Dr. Amy Silverthorn Certifi ed Estate, Tax Law & Trust Councilman Tom Simplot Jeanne L. Herberger, Ph.D. Law Specialist, Snell & Wilmer Brenda Sperduti Chairman of the Board, Hidden Meadow Ranch Marty Squire John O. Whiteman Mary Louise Sunderland Roy A. Herberger Jr., Ph.D. Symphony Honorary Trustee Jack Thomas Honorary Symphony Trustee Retired Chairman and President, Joseph C. Thompson Empire Southwest President Emeritus, Th underbird, Garvin Victor F. Trastek, M.D. School of International Management Irene Tseng Dr. Edwin H. Wolf Lester J. “Chip” U’Ren Community Leader Mary Jo Wilmes Past Chairman, Symphony Board of Directors 2 MESSAGE Dear Friends, Th e Phoenix Symphony’s 60th anniversary season and fl utist James Pellerite on the hauntingly beautiful Na- gave us many reminders of all that goes into building and tive American fl ute. sustaining a fi ne symphony. It isn’t one individual, or As the artistry of both the orchestra and the Phoenix one performance or one contribution. Instead, it is every Symphony Chorus continued to soar, the business side of musician on stage, every audience member, every Board the Symphony reached new heights as well. For the fi fth member and community supporter, every donor, volunteer, consecutive year, the season closed with a balanced budget. and staff member. Each and every one of us plays a vital Ticket revenue and contributed revenue increased and role, and in that important regard nothing has changed operations continue to grow. In all respects, 2007-08 was a since Th e Phoenix Symphony’s fi rst performance, 60 years banner year. ago. One important event, however, turned this 60th In 1947, the season featured just three performances anniversary year from good to great. Successful comple- by the fl edgling orchestra and its conductor John Barnett. tion of the Herberger Challenge Campaign, initiated by All were held in the Phoenix Union High School Audito- Jeanne and Gary Herberger, represented the investment by rium, and every one of them attracted a sell-out crowd. At thousands of individuals and organizations in the Sympho- season’s end, the president of the Board of Directors, How- ny’s artistic vision and institutional purpose. Altogether ell Randolph, congratulated the musicians and expressed the campaign raised $4 million, bringing the Symphony’s pride in the part they played in the fi rst season’s success. endowment level to $10 million and establishing a working Every concert in that inaugural year brought rave capital reserve fund from Th e Virginia G. Piper Charitable reviews. After the fi rst, Th e Arizona Republic had this to Trust. say: “Phoenix passed a milestone in its spiraling history In concert with this successful campaign, the Sym- of progress last night. Its fi rst full-fl edged symphony phony Association’s Board of Directors formed a new, orchestra performed before a sell-out audience which ap- separate organization, the Phoenix Symphony Support plauded, stamped, and verbally acclaimed its appreciation, Foundation, to oversee the endowment, protect its assets, calling Conductor John Barnett four times from the wings and facilitate investment in artistic plans and programs for bows.” for the Symphony. Th e initiative and establishment of the Flash forward 60 years and the rave reviews continue. support foundation marked the fi rst phase of our ambitious Th e 2007-08 season was nothing short of glorious, launch- fi ve-year plan to achieve permanent fi nancial stability to ing in September with a jazzy birthday bash that featured sustain and foster the Symphony’s artistic goals. the music of Gershwin and the amazing vocals of Dennis Th is new milestone for Th e Phoenix Symphony is, Rowland. It ended in early June, more than 300 presenta- more than anything, a good jumping off point for reaching tions and 325,000 audience members later. Our 60th an- the next milestone, for our work is far from fi nished. Th e niversary season had many highlights. Here are just a few: Phoenix Symphony’s endowment still is much small er than — Th e Phoenix Symphony’s fi rst Composer-in-Resi- that of other orchestras across the country, making our dence, Mark Grey, brought the world premiere of Enemy fi nancial base insuffi cient for the level of quality and service Slayer: A Navajo Oratorio to Phoenix, along with a year- to the community that we are aiming for. long series of discussions, exhibits, fi lms, and workshops With the enthusiastic support of committed audi- focusing on music, Navajo traditions, and cultural celebra- ences and supporters, we have accomplished so much, and tion. for that we are profoundly grateful. To all of you who have — We had three weekends of sold-out concerts (a re- partnered with us — for your interest in, support of, and cord that is unprecedented for Th e Phoenix Symphony), and continuing dedication to Th e Phoenix Symphony — we season ticket sales reached an all-time high. off er our sincere and heartfelt thanks. Together, we will continue to build a great orchestra — a model for the 21st — Th e Symphony’s education and community engage- Century — for this extraordinary city. ment programs engaged more than 80,000 children and adults, serving 275 schools valleywide and reaching 40 school districts in 35 cities statewide. Michael Christie — Th e orchestra was joined by world-class guest art- Th e Virginia G. Piper Music Director ists Bernadette Peters, Marvin Hamlisch, and pianist Leon Fleisher, as well as an array of rapidly rising stars and com- Edwin H. Wolf pelling artists, including pianists Simon Trpčeski and Joyce Chairman 2007-08 Yang, violinists Jennifer Frautschi and Nicola Benedetti, Maryellen H. Gleason President & CEO 3 PHOENIX SYMPHONY ASSOCIATION STATEMENT OF ACTIVITIES For the years ended June 30 2008 2007 in dollars in dollars Temporarily Temporarily Earned Revenue Operations Restricted Endowment TOTAL Operations Restricted Endowment TOTAL Ticket sales $ 3,872,636 $ - $ - $ 3,872,636 $ 3,863,157 $ - $ - $ 3,863,157 Fee engagements 769,783 - - 769,783 819,084 - - 819,084 Realized and unrealized investment income (17,611) - (552,408) (570,019) 23,661 - 632,987 656,648 Endowment draw 236,754 - (236,754) - 216,180 - (216,180) - Interest income 42,152 - 93,343 135,495 37,654 - 119,506 157,160 Miscellaneous revenue 17,096 - - 17,096 64,767 - 5,900 70,667 Total revenue 4,920,810 - (695,819)