The Flynn continued to be financially healthy.


Operating Results REVENUES


39.8% 60.2% EXPENSES Program and Services4 EXPENSES 83.8% 16.2%


Fundraising and Administration4,5 Total Expenses


Change in Unrestricted Net Assets, before transfers


Transfers from Endowment 6


Change in Unrestricted Net Assets, after transfers


What We Own & What We Owe ASSETS


Current Assets7


Contributions and Grants Receivable7 Property and Equipment Investments & Other Assets


Beneficial Interest in Assets Held by Others Total Assets


LIABILITIES and NET ASSETS LIABILITIES


“We were very fortunate that even in these difficult economic times, we met our budget goals for the year. Strong membership and sponsorship underwriting coupled with contributions from Andrea’s Legacy Fund provided support for programs and operations, allowing our endowment funds to grow for the future.” Diana Petrovs,


Chief Financial Officer & Director of Administration


Current Liabilities Long-Term Debt


Total Liabilities NET ASSETS Unrestricted Net Assets


Temporarily Restricted Net Assets Permanently Restricted Net Assets


Total Net Assets Total Liabilities and Net Assets


Footnotes: 1 Endowment consists of contributions by individuals, corporations, and family foundations held by the Flynn and the Vermont Community Foundation in support of programming and operations.


2 Includes the Discover Jazz Festival.


3 Includes temporarily restricted support released from restrictions during the year.


4 Includes depreciation expense of $326,700 in programming and services and $33,700 in administration.


Upon request, this publication can be made available in alternative formats such as Braille, large print, or computer disc.


7,171,000 2,073,000 222,600


9,466,600 11,734,000


373,000


1,214,400 6,087,400


7,674,800 7,674,800


5 Includes Special Events expense of $60,500.


6 Transfers were made from endowment to support programming and operations. Distributions were made in accordance with the spending policy as established in the Flynn Center's Investment Policy Statement.


7 Includes $271,900 and $370,200 in current and long-term pledges receivable, respectively, from Andrea's Legacy Fund. $260,000 was transferred from the fund to support programming and operations during the year.


7,544,000 3,287,400 6,310,000


17,141,400 19,408,800


2,250,700 16,700


2,267,400


– –


–


2,250,700 16,700


2,267,400


5,435,500 1,050,700


6,486,200


(199,200) 145,900


(53,300) –


8,800 8,800


384,400 (145,900) 238,500


5,435,500 1,059,500


6,495,000


185,200 –


185,200


Flynn Center for the Performing Arts, Ltd. Financial Highlights/Fiscal Year Ending June 30, 2011


Where It Came From & Where It Went REVENUES


Support and Contributions3 Earned Revenues


Total Support and Earned Revenues


OPERATING2 2,500,900 3,786,100


6,287,000


ENDOWMENT1 128,000 265,200


393,200 TOTAL


2,628,900 4,051,300


6,680,200


OPERATING2 4,812,400 468,100


5,919,900 533,600 –


11,734,000


ENDOWMENT1 2,600 – –


7,235,500 436,700


7,674,800


TOTAL


4,815,000 468,100


5,919,900 7,769,100 436,700


19,408,800


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