Canada’s National Ballet School Announces Operating Surplus for Fifth Consecutive Year
TORONTO, ON (December 4, 2012) – Canada’s National Ballet School (NBS) has finished the 2011/2012 fiscal year with an operating surplus. This marks the fifth consecutive year that NBS’ revenues have exceeded operating expenses, and it is largely thanks to the generous and continuous support of donors, strong government funding and prudent management of expenses.
NBS achieved revenues of $19.9 million with operating expenses of $19.6 million. This resulted in an operating surplus of $310,000. Contributions from both of NBS’ foundations played a strong role in achieving these results. In addition, a matching grant of $1.6 million bolstering NBS’ foundations was received in 2011/2012 through the Endowment Incentives Component of the Canada Cultural Investment Fund, administered by the Government of Canada’s Department of Canadian Heritage, for which NBS is greatly thankful.
During this year’s Annual General Meeting, held at NBS’ Betty Oliphant Theatre on November 29, Canada’s National Ballet School Board Treasurer, Brenda Eprile, FCA, ICD.D reviewed the past year’s financial success. “In 2011/2012, NBS has had a year of continued artistic growth despite funding challenges in a lingering unstable global economic climate,” said Eprile. “Generous donors, committed government funders, and volunteers, Board and Staff who are unwavering in their support, have ensured the continued fiscal health of Canada’s National Ballet School.”
Brenda Eprile has been elected as Board Chair of NBS, effective immediately. She replaces Troy Maxwell who has served with dedication in that role for the past two years and retires after thirteen years on the NBS Board. Eprile has been a member of the Board of Directors since 2004.
About Canada’s National Ballet School
Established in 1959, Canada’s National Ballet School is a world leader in the training of professional dancers and teachers. Dedicated to moving the world by teaching and celebrating dance, NBS is committed to promoting the art of dance through community engagements in addition to offering recreational and professional programs. NBS graduates can be found as dancers, choreographers, artistic directors, teachers and administrators in over 65 dance companies worldwide, and in even more schools around the globe.