Score Magazine July 2015 - SPECIAL ANNUAL REPORT EDITION

Score THE MAGAZINE OF THE PADUCAH SYMPHONY ORCHESTRA

July 2015

special annual report edition

12

thousand students reached page T H R E E

building an

ENDOWMENT page f O U R

annual

REPORT page F I V E

cover photo by pa u l g r u m l e y

PADUCAH SYMPHONY ORCHESTRA - SCORE NEWSLETTER JULY 2015 | 2

2015-2016 SEASON

Raffaele Ponti Artistic Director & Conductor

BRAHMS’ 2ND PIANO CONCERTO 12 September 2015 | 7:30pm | Carson Center Fabio Bidini, piano

Fabio bidini

TCHAIKOVSKY’S 6TH SYMPHONY 3 October 2015 | 7:30pm | Carson Center Wesley Skinner, cello

MAHLER’S 1ST SYMPHONY

7 November 2015 | 7:30pm | Carson Center

A CHRISTMAS CELEBRATION gary levinson

12 December 2015 | 7:30pm | Carson Center PSO Choruses & MSU Concert Choir

SIBELIUS’ VIOLIN CONCERTO

20 February 2016 | 7:30pm | Carson Center Gary Levinson, violin

Raffaele Ponti Artistic Director & Conductor

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12 March 2016 | 7:30pm | Carson Center

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7 60NEWSLETTER B r oa d way • Pa d u ca h, ky 4 2 0 0 1 • 2 7 0 - 4 4 4 - 0 0 6 5 1 | PADUCAH SYMPHONY ORCHESTRA - SCORE JULY 2015

LETTER

from the

PRESIDENT

I am happy to report the Paducah Symphony Orchestra has had a good year in 2014/2015. Financially we have reduced our loss in 2013/2014 to break even. There were many highlights and I will discuss a few.

The PSO took over the Misaligned Minds Bike ride in September as a fund raiser to replace the BBQ Beer and Wine Garden. With just a short notice and much help from Martha and Hutch Smith at Bike World $4K was raised. The goal for this year (2015/2016) is $15K with plans to reach $30K in the next few years.

GOVERNING BOARD

Roger Truitt, President Dick Holland, Secretary Clay Howerton, President Elect Molly W. Blythe, Vice President Mickey Brown, Vice President Mary Grinnell, Vice President Richard Roof, Vice President John Williams, Jr, Past President Edward Bach R. Joe Burkhead Mark H. Desmond Nancy Duff Charles Folsom Juliette Grumley James Gwinn, Jr Karen Hammond Mardie Herndon Anthony Hunter Theodore S. Hutchins Lisa Massey Carol Ann Narozniak Phyllis Petcoff Michael Resnick Debbie Reynolds Bonnie Schrock Patty Story Bob Turok

TRUSTEES

Anne Gwinn Richard Roberts

DIRECTORS EMERITUS Margaret Hunt Arnold John Drew Ted Hirsch (deceased) C.P. Orr, MD (deceased) Harolyn Rashche Jack Tick (deceased)

John Shadle led the resurrection of Beat Beethoven and made $9k. This was a big improvement over past years and would have been even better if the weather had cooperated.

When it was determined that we would have to move the Sing-Off from Harrah’s to the Carson Center, there was significant concern about the impact it would have on this event. Mickey Brown and her committee did a great job revamping the program and the result was a very successful event raising $25K. We have received a great deal of positive feedback and now perceive the move to the Carson Center as a very positive change.

The education effort of the PSO continue to be successful with support from Raffaele, staff and the Education committee. This year a total of 12,805 students were involved in our various education programs.

With the creative work of Daniel and Craig the new Score magazine has been both an artistic and a financial success. It is an excellent magazine and I have had many patrons tell me they read it cover to cover.

One of the big highlights of the year was the Carson-Myre Charitable Foundation Trust agreeing to give the PSO $50K/year for the next 20 years. We are required to match this each year. All the funds will go into an endowment which will not be available to the PSO until after the 20 year gifting period. We are very excited to have this opportunity to build a solid financial foundation to preserve the artistic and cultural legacy of the PSO for generations to come.

I express my sincere gratitude to the artistic staff, administrative staff, musicians, board members, volunteers, and our patrons for your efforts in making the PSO the vital and successful organization it is today. Your hard work has made an orchestra of which Paducah, McCracken County and the four state area can be proud. It has been an honor to serve as your President the last two years.

Roger Truitt President PADUCAH SYMPHONY ORCHESTRA - SCORE NEWSLETTER JULY 2015 | 1

hits a The Paducah Symphony Orchestra concluded its third annual week-long Summer Music Camp on June 26, 2015 with Steven Page as director. Just over 100 rising third through twelfth grade students participated in various ensembles, workshops and faculty performances at McCracken County High School. Students represented over 23 local public, private and home schools from far western Kentucky and southern Illinois.

The students worked throughout the week to strengthen existing and learn new musical skills.

This year senior faculty concentrated on preparing high school students for audition music for the next school year.

Instructional sections varied among beginning strings, junior and senior chorus, jazz band, orchestra,

2 | PADUCAH SYMPHONY ORCHESTRA - SCORE NEWSLETTER JULY 2015

high

chamber winds and piano. A popular addition to the offerings this summer was American fiddle exploration taught by the PSO’s own Steve Schaffner.

Instructors for beginning and junior ensembles were local teachers, including: Amy Allen, Melissa Bogle, Steven Page, Carlyn Zimmerman, and veteran PSO musician Patty Story. The senior ensembles were taught by university music professors Dr. Bradley Naylor from Kentucky Wesleyan College and Dr. Jaemi Loeb from Centre College. Dr. Jim A. Cargill, a jazz musician, former music instructor and community college president, who recently retired to Paducah, taught the jazz ensemble.

Mary Grinnell and Devonda Treece served as accompanists for the choral groups. Kelley Ray, Spencer Sullivan and Tracy Leslie assisted the instructors. Roy and Janet Gilbert, Sandy Swann, Cindy

note Poat, Dick Roberts, Roger Truitt, Sandra Cargill, Barbie Bastida, Janet Ward, Ed Bach, Sherry Shadle and Cathy Trampe volunteered during the five days of camp to serve lunches and provide other support services to the faculty.

Dr. Paul Grumley photographed students during Friday’s Showcase Performance that was open to the public.

The Ronald McDonald House Charities, the PSO Board, and the Carson-Myre Foundation provided additional funding for the Summer Music Camp for numerous student scholarships. McCracken County High School allowed the Camp the use of its facilities at no charge.

photography by pa u l g r u m l e y

Record Number

of chi l dren served through pso education programs

12,805 students participated in the PSO’s Education programs during the 2014-2015 season. The PSO Education Committee, Maestro Ponti, and many dedicated volunteers passionately conduct a variety of educational programs designed for children and youth in our community. Below are brief highlights of the great work your funding supports.

The Paducah Symphony Youth Orchestra and Youth & Children’s Choruses met throughout the year performing several concerts in the community. 123 total students played or sang in the children’s and youth choruses, Sinfonia, and Youth Orchestra. Youth Orchestra students played side-by-side with the PSO at their February concert.

In addition, a String Ensemble from the Youth Orchestra played in 5 schools for the Ensembles in Schools program. A Brass Quintet also played for this program at 3 schools. A total of 2,336 students were reached in this program, underwritten by Ronald McDonald House Charities.

The PSO sponsors a group of carefully coordinated outreach programs benefiting local youth. Musical Story Time, a partnership with the McCracken County Public Library, impacted 5,298 students in 61 programs with the Mozart Edition. Maestro Raffaele Ponti visited over 1,470 students in 13 schools this past school year. These Maestro Visits to third grade classrooms included lessons combining art and the music from “The Carnival of the Animals” in preparation for the Education Concert as presented by the Class Acts Education Series at the Carson Center. A total of 3,400 students attended the 2 matinee performances representing 35 schools and home-school groups. Some of those in attendance also participated in the Instrument Petting Zoo, which was assisted by 12 UT Martin students and faculty and 25 volunteers.

The PSO also provided approximately 19 students the opportunity to sit next to a professional musician during a rehearsal of the PSO in a program called Musical Chairs.

The Young Artist Concerto Competition, in partnership with Murray State University, was won by cellist Wesley Skinner, who was chosen from among 40 applicants. Skinner will perform next season with the Paducah Symphony Orchestra.

Our recent Summer Music Camp served 100 students at the McCracken County High School. Finally, our Free Student Ticket program provided over 500 students an opportunity to attend a PSO concert.

PADUCAH SYMPHONY ORCHESTRA - SCORE NEWSLETTER JULY 2015 | 3

$

FUTURE FRAMEWORK

It is with much fanfare … pun intended … that the Paducah Symphony Orchestra announces a renewed and refreshed effort to build an endowment for the long-term financial health and support of the music and educational programming upon which we’ve all come to rely. At the center of the effort, the PSO Trustees are launching several efforts to broaden awareness and participation.

The strength of the endowment has been on-going concern for many years, but it has been dramatically brought to the forefront with a challenge from the Carson-Myre Charitable Foundation. Carson-Myre has agreed to match $50,000 per year for the next 20 years to the PSO Endowment, a tremendous commitment and an exciting opportunity. So, the focus is adding $2 million for the future.

A Symphony Society recognition group will appear later this year to acknowledge those that participate in the Endowment both in current giving and by naming the PSO Endowment in their estate documents or as the beneficiary of life insurance. Planning is underway for an event to celebrate Society membership as well as other distinctions.

Those who choose future giving with a will or insurance are asked to let the PSO know of their commitment so it can be documented.

However, with the challenge of the match, the Trustees and other volunteers are working on current giving, in

addition to end-of-life. In addition to outright gifts of cash and other assets, a charitable gift annuity relationship has been struck in which the donor can receive tax-advantaged lifetime income and a current tax deduction. Those interested should contact the PSO. “I cannot say enough about the generosity of the Carson-Myre Charitable Foundation or about the incredible impact this will have for the PSO. I am so proud that this gives us permanence … I know the PSO will be here for my grandchildren, when many orchestras in America simply don’t have that confidence,” says Roger Truitt, one of the Trustees as Past President.

Other Trustees are the PSO Vice President for Development, Mickey Brown, and three atlarge members: Anne Gwinn, Richard Smith, and Richard Roberts.

As Score goes to press this summer, the 2015 match is more than halfway met. All patrons are invited and urged to learn more by contacting the PSO office at 270-444-0065 or any of the Trustees personally.

“It’s just a great and appreciative effort with which to be associated. Ticket revenue only covers one-third of the cost of performance and educational programs, so income from the Endowment is absolutely critical to our mission,” adds Truitt.

4 | PADUCAH SYMPHONY ORCHESTRA - SCORE NEWSLETTER JULY 2015

Annual Report Financials

FINANCIAL POSITION ASSETS Checking/Savings Accounts Receivable Other Current Assets Fixed Assets Endowment TOTAL ASSETS LIABILITIES & EQUITY Liabilities Equity TOTAL LIABILITIES & EQUITY

FY2015

INCOME & EXPENSES Income ANNUAL FUND TICKET SALES FUNDRAISING & SPECIAL EVENTS OTHER INCOME Total Income Expense ARTISTIC & PRODUCTION COSTS ARTISTIC PERSONNEL MARKETING COSTS DEVELOPMENT COSTS ADMINISTRATIVE COSTS ADMINISTRATIVE PERSONNEL Total Expense Net Income

annual R E P O R T Paducah Symphony Orchestra

PADUCAH SYMPHONY ORCHESTRA

FY2014

23,043 112,833 17,714 72,783 151,425 377,798

42,402 146,580 8,816 72,783 147,930 418,511

389,914 (12,116) 377,798

442,308 (23,798) 418,510

FY2015

FY2014

430,328 215,634 145,478 100,000 891,440

FY2015 INCOME 11%

ARTISTIC DIRECTOR & CONDUCTOR

Bradley Almquist

DIRECTOR OF CHORUSES

Natalie Krupansky

YOUTH CHORUS CONDUCTOR

Steve Schaffner

YOUTH ORCHESTRA CONDUCTOR

Patty Story

SINFONIA CONDUCTOR

ADMINISTRATIVE STAFF Daniel Sene EXECUTIVE DIRECTOR

Christy Brindley BUSINESS MANAGER

Teale Fackler

DEVELOPMENT/EDUCATION COORDINATOR

Craig Felker

MARKETING MANAGER

Reece King

ORCHESTRA PERSONNEL MANAGER

Rhonda King

ORCHESTRA LIBRARIAN

48% TICKET SALES

24%

FUNDRAISING & SPECIAL EVENTS OTHER INCOME

339,864 210,114 133,444 72,737 756,159

FY2015 EXPENSES ARTISTIC & PRODUCTION COSTS 18%

158,235 337,230 37,780 68,441 66,583 149,400 817,669 (61,510)

21%

ARTISTIC PERSONNEL MARKETING COSTS

9% 5%

LETTER ARTISTIC STAFF Raffaele Ponti

ANNUAL FUND

17%

7%

186,019 357,053 47,336 75,646 57,166 159,034 882,254 9,186

financia l s

40%

DEVELOPMENT COSTS ADMINISTRATIVE COSTS ADMINISTRATIVE PERSONNEL

from the

E X ECUTIVE DIRECTOR

Under the artistic leadership of my friend and colleague Raffaele Ponti, the Paducah Symphony Orchestra experienced another record-setting year in attendance at our subscription series concerts, and as you have read in this report, our educational outreach has yet again surpassed new artistic heights.

Additionally, as our budget continues to grow, it is remarkable to see our revenue growth catching up to our expenses.

There is not enough space here to properly thank the many individuals who gave of their time, talent, and treasure to make this past fiscal year a success. Raffaele and I continue to be humbled by the amazing staff, musicians, board, volunteers, and donors of the PSO. Thank you so much for all you continue to do to make your Paducah Symphony Orchestra stronger year after year.

On the last page of this report, you will see a brief snapshot of some upcoming fundraising events for the Paducah Symphony Orchestra. In addition to the exciting news about the upcoming Misaligned Minds Bike Tour, and the 5th Annual Symphony Sing-Off, we are pleased to announce the PaBREWcah Beer Fest, which will be a new signature fundraising event for the PSO scheduled for June 2016. I invite you to stay tuned for more details about this exciting new event.

See you in the audience!

Daniel Sene PADUCAH SYMPHONY ORCHESTRA - SCORE NEWSLETTER JULY 2015 | 5

2015-2016 SEASON SPONSORS

paducahsymphony.org 760 Broadway Paducah, KY 42001

The Kentucky Arts Council, the state arts agency, supports The Paducah Symphony Orchestra with state tax dollars and federal funding from the National Endowment for the Arts.

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