Filed under: Merrimack Repertory Theatre | Tags: annual report 2010, Merrimack Repertory Theatre
MERRIMACK REP RELEASES 2010 ANNUAL REPORTMerrimack Repertory Theatre, the only fully professional non-profit theatre company in the Merrimack Valley region, has released its Annual Report for the fiscal year ending June 30, 2010 on the Company’s website and by mail to its over 1,200 donors, sponsors and supporters. The report highlights the organization’s artistic and financial accomplishments for the 2009-2010 Season. The report is available to the public on the “About MRT” page of the Theatre’s website, www.MerrimackRep.org. Printed copies are available at the MRT administrative offices, located at 132 Warren Street in Lowell.
Highlights of the report and the 2009-10 Season include:
A “Best Production” nomination for The Seafarer by the Independent Reviewers of New England
Continuing commitment to the development of new American plays with the world premiere of The Last Days of Mickey & Jean by Massachusetts native Richard Dresser
An operating surplus for the fifth consecutive season, allowing MRT to reduce its long-term debt and strengthen working capital
Expansion of the production season to seven productions and 191 performances for an audience of 40,233
42% of the theatre’s revenue coming from donations and contributions from individuals, foundations, corporations and government agencies, helping to keep the theatre accessible and affordable to allFor Merrimack Repertory Theatre, and many other American theatre companies, the 2009-2010 Season marked the deepest point in the recession. MRT’s dedicated and professional staff and leadership worked closely with the Board of Trustees to address projected declines in charitable giving and to develop creative and innovative ways to reduce the Company’s operating budget by approximately 20% while maintaining, and in some cases expanding, MRT’s core programming and commitment to quality. Despite the tremendous pressure the economy placed on MRT during the 2009-2010 Season, the Company was well prepared to address the fiscal challenges and successfully operated in the black for the fifth consecutive year. While MRT is now in the midst of the 2010-11 Season, plans are well underway for 2011-2012, the Company’s 33rd season of serving the Greater Merrimack Valley. The 2011-2012 Season will be announced in April.
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