am pleased to report that we have made great progress this year toward having a more solid

I financial footing for our organization . We continue to make adjustments to our expenses to run as lean as possible and still be able to fulfill our mission of bringing entertaining and educational programs to our community , state and region . While we ended the year with a slight deficit ( less than 1 % of our total expenses not counting depreciation ) we made huge strides toward our overall financial stability . The Big Top Board has gone through a serious Strategic Planning process and outlined our path forward through 2015 – positioning us to be ready for facility upgrades as they are needed and to “ weather ” the inevitable storms that come the way of any arts organization – let alone one that spends three months outdoors under a canvas tent ! We thank and greatly appreciate each of you for your part in keeping Lake Superior Big Top Chautauqua strong for this generation and the next !

Kim Ogle

2011 OPERATING REVENUES
Ticket Sales , Fees and Tax *	$ 947,531
Donations	$ 236,722
Sponsorships ( Show , TSR , Bart Bus , Tour )	$ 135,585
Touring	$ 100,552
Big Top Gift Shop	$ 71,198
Grants	$ 41,239
Projects , Advertising , Misc .	$ 13,335
Keepers of the Magic Raffle	$ 11,173

Total Operating Income $ 1,557,335

Total Operating Expense $ 1,567,955

Net Income / Expense - $ 10,620

8 % Office & Organizational

3 % General Mgmt & Admin

5 % Big Top Gift Shop

6 % Touring

Total Contributions

$ 424,719

Program Expenses

$ 945,515 Big Top Summer Series $ 105,390 BTC / BCO Tours $ 46,436 Tent Show Radio ( TSR ) $ 1,097,341

3 % Big Top Gift Shop

3 % Sales Tax

5 % Marketing

1 % Projects , Ads , Misc .

4 % Tent & Grounds

70 % Programs - Summer Series - Touring - Tent Show Radio

Treasurer

4 % Fundraising

Expenses

Other Expense - Depreciation $ 46,187			* includes $ 23,748 canvas fees restricted for future tent purchases and other facility needs .	Contributions 27 % Donations Sponsorships Grants Raffle	Revenues + 61 % Ticket Sales Canvas Fees & Taxes	+ Did you know all revenue from concessions and bar belongs to Mt . Ashwabay Educational Foundation ?
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