Financial Highlights

Statement of Financial Position
June 30, 2004 and 2003
(dollar amounts in thousands)

	2004	2003			2004	2003
Assets				Liabilities and net assets
Cash	$ 2,793	$ 2,900		Accounts payable and accrued expenses	$ 2,733	$ 5,059
Grants receivable	100	4,750		Line of credit	1,303	3,300
Current portion of contributions receivable, net	4,547	5,807		Other current liabilities	3,978	4,910
Other current assets	2,541	4,800		Total current liabilities	8,014	13,269
Total current assets	9,981	18,257
				Bonds payable, net of current portion	27,000	28,000
				Other liabilities	207	446
Non-current portion of contributions receivable, net	2,034	3,753		Total liabilities	35,221	41,715
Endowment funds	17,422	16,876		Net assets
Land, building and equipment, net	225,151	230,088		Unrestricted	201,573	210,409
Deferred financing costs, net	886	808		Temporarily restricted	1,431	781
Other non-current assets	172	—		Permanently restricted	17,421	16,877
				Total net assets	220,425	228,067
Total assets	$ 255,646	$ 269,782		Total liabilities and net assets	$ 255,646	$ 269,782

Statement of Activities
For the year ended June 30, 2004
(dollar amounts in thousands)

	Unrestricted	Temporarily Restricted	Permanently Restricted	Total
Operating revenue and support
Programming and education	$ 12,316	$ -	$ -	$ 12,316
Ticket surcharges	1,649	-	-	1,649
Outside and resident company rentals and charges	8,282	-	-	8,282
Contributions, sponsorships and memberships	4,996	2,099	-	7,095
Other	1,929	483	-	2,412
Contributions and sponsorships released from restrictions	1,932	(1,932)	-	-
Total operating revenue and support	31,104	650	-	31,754
Operating expenses before depreciation and amortization
Programming and education	10,609	-	-	10,609
Facilities operations	12,160	-	-	12,160
Marketing and communications	4,161	-	-	4,161
Management, administration and general	3,862	-	-	3,862
Fundraising	1,841	-	-	1,841
Total operating expenses	32,633	-	-	32,633
Interest expense	973	-	-	973
Total operating expenses before depreciation and amortization	33,606	-	-	33,606
Operating income (loss) before depreciation and amortization	(2,502)	650	-	(1,852)
Depreciation and amortization	(6,418)	-	-	(6,418)
Change in net assets from operations	(8,920)	650	-	(8,270)
Non-operating revenue, support and non-recurring charges
Contributions	-	569	374	943
Other revenue and expense	33	-	171	204
Write-offs of uncollectible capital pledges	(393)	-	-	(393)
Change in fair value of interest rate swap	282	-	-	282
Restructuring costs	(407)	-	-	(407)
Contributions released from restrictions	569	(569)	-	-
	84	-	545	629
Change in net assets	$ (8,836)	$ 650	$ 545	$ (7,641)

Statement of Operations
For the years ended June 30, 2004 and 2003
(dollar amounts in thousands)

	2004		2003
Operating revenue and support
Programming and education	$ 12,316		$ 5,704
Ticket surcharges	1,649		1,211
Outside and resident company rentals and charges	8,282		8,008
Contributions, sponsorships and memberships	4,996		5,653
Other	1,929		1,565
Contributions and sponsorships released from restrictions	1,932		1,714
Total operating revenue and support	31,104		23,855
Operating expenses before depreciation and amortization
Programming and education	10,609		6,163
Facilities operations	12,160		12,157
Marketing and communications	4,161		3,112
Management, administration and general	3,862		3,619
Fundraising	1,841		1,880
Total operating expenses	32,633		26,931
Interest expense	973		865
Total operating expenses before depreciation and amortization	33,606		27,796
Operating income (loss) before depreciation and amortization	$ (2,502)		$ (3,941)

A House for Us All

Local Stars and World Talents

Our Places, Halls and Spaces

Student Activities

The House We Built Together!

Financial Highlights 

Kimmel Center Presents performers, July 2003-June 2004

Annual Fund 2003-2004

Statistics