IRS / Financials

The below information is provided as part of our efforts to comply with IRS regulations.

A Report to the Community

During the past 4 years, the GSC has grown 68% in our revenue base from total revenues in the 2006-2007 season of $368,758 to $620,859. Ticket revenues have grown from just over $120,000 to nearly $150,000 and continue to account for less than 25% of total revenue, which is typical for symphonies nation-wide.

Of significance during this period was:

Collaboration with Alpine Theatre Project to present ONSTAGE!
Creation of Festival Amadeus, which completed its 3rd year in August 2010 generating over $20,000 of new ticket revenue and serving over 1500 new patrons during the summer. This unique and important undertaking includes a collaboration with North Valley Music School and the Stumptown Historical Society to create a true community based Festival.
Corporate sponsorships reached a high of $120,000 in the 08-09 season, then dropped to $80,000 in the 09-10 season, but have rebounded this season to about $100,000.
Individual giving over the past 4 years has increased from $86,000 to over $275,000. This is the single area of increased funding that has allowed the GSC to expand summer programming, secure new office space, increase compensation for musicians and administrative staff, and develop a broader market exposure with the general public in northwest Montana.
The GSC added 1 full time administrative staff during the 4 year period. Nine part-time staff include both musicians and support staff.
The GSC has been able to nearly double the amount of money provided to musicians as recognition for their hard work and passion. All regular principals are now provided a small stipend for all concert weekends. All musicians in the orchestra are provided a small stipend for concerts not on the Masterworks Series.
The GSC, after suffering from a devastating fire in our offices in September of 2005 finally re-located to leased office space at 720 South Main Street in January 2008.
The Summer Pops concert at Rebecca Farm in early July has grown from a few hundred attendees to over 3000 at the July 10, 2010 Centennial Summer Pops concert this season.
Our endowment has grown to over $375,000 with a new fund valued at over $50,000 established at the Whitefish Community Foundation.
The GSC Board of Directors has grown from 24 to 27 members and has created a 5-year Strategic Plan that has helped guide the GSC through this important growth phase.