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News Releases 
At CTC Annual Meeting: Board approves FY04 Audit, celebrates accolades and significant programming, welcomes new slate of board officers and governors 
Governor Pawlenty will honor CTC next week at the State Capitol
For Immediate Release: September 22, 2004
Minneapolis, MN – At the first board meeting of The Children's Theatre Company's 2004/2005 season, the FY04 audit was approved, CTC's newest accolades and programmatic successes were applauded, new officers and board members were welcomed and it was announced that Minnesota Governor Tim Pawlenty will be honoring CTC next week.
On Monday, September 27, Minnesota Governor Tim Pawlenty will celebrate CTC by personally awarding it the National Governors Association (NGA) Award for Distinguished Service to the State in Arts Production. Governor Pawlenty nominated CTC for one of the eight annual awards, but was unable to present the award to CTC's managing director Teresa Eyring at the NGA's conference in Seattle in July. The Governor said of CTC, "For 40 years, CTC has made generations of Minnesotans proud. The Company is a true Minnesota treasure." Also being honored at Monday's ceremony is Tom Swain, another Minnesotan who was the recipient of the "private citizen" NGA award honoring his life-long work in education and health care. The press conference and ceremony will take place on Monday, September 27 at 10:00 am in the state capitol reception hall.
In addition to the NGA award, in 2004 CTC was also the recipient of the Children's Theatre Foundation of America's Medallion. These newest awards follow on the heels of CTC's 2003 Tony® Award for Outstanding Regional theatre. In addition, after eight years of planning, CTC broke ground and made significant construction progress on its new 45,000 square foot expansion.
"As CTC continues to earn recognition for excellence in the field of theater for young people, it is exploring new and innovative ways to serve its various constituencies," said new CTC board chair Michael Margulies (a partner at the Minneapolis law firm of Lindquist and Vennum). "Under the leadership of Peter Brosius and Teresa Eyring, the Theatre is engaged in delivering the finest productions, education and community partnership programs and Theatre Arts Training in the country, as well as planning the programming and attendant celebrations for the grand opening of CTC's building expansion in fall '05."
On the programmatic front, CTC produced two world premieres: Snapshot Silhouette by Kia Korthron on the main stage and CTC's annual teen production PROM, created under the direction of Whit MacLaughlin which performed at Franklin Artworks. CTC also created The Collective, a group of teen artists from various disciplines who have created and performed new work and a teen advisory council to provide input for the programming of the second stage.
"It was a terrifically exciting year," said CTC artistic director Peter C. Brosius, "especially as it related to our interaction with teens and teen programming. To have back-to-back artistic successes for our teen productions (Antigone in 2003 and PROM in 2004) was thrilling. We are so looking forward to having these productions in our new, second theater, The Cargill Stage."
In FY04 overall number of program participants increased to 358,054 young people and families (nearly 9% higher than FY 03), including 22,626 season ticket holders.
CTC's capital campaign reached $24.6 million. The campaign goal is $27 million with $24 million budgeted for construction costs and $3 million designated for endowment and other expenses. The addition will include an education wing, rehearsal space, expanded production shops, a refurbishing of the main stage and a second, smaller theater programmed primarily for teens and preschoolers.
Financially, overall assets increased from $15 million to $21.7 million. CTC's budget of $9.1 million included annual fund results of $3,588,280 (a slight increase over FY03). CTC's $2 million endowment also saw gains. CTC was successful in securing general operating support from a broad cross section of local, regional and national donors.
CTC's financials show a significant surplus resulting from campaign and construction activity. The Theatre came close to a breakeven operating budget as well, but still fell short by $179,076 or 1.8%. "We improved our results over the previous year, but we were hindered in achieving a surplus on the operating side, "said CTC managing director Teresa Eyring. "That result was due in part to timing issues related to building and moving expenses (CTC relocated its storage facilities and created a temporary rehearsal space while the new hall is under construction). We are also still adjusting to a weaker economic climate and are in need of a larger endowment as well as other contributed resources to accomplish the level of programming that our community demands and deserves."
Officers for the 2004/05 fiscal year, which began July 1, include Michael Margulies (Lindquist and Vennum), Chair; Rob Johnson (Cargill, Inc.), Co-Chair; Kathleen Flynn-Peterson (Robins Kaplan Miller and Ciresi), Co-Chair; Peter Grant (Stone Arch Capital), Secretary; David VanBenschoten (General Mills), Treasurer/Finance Committee Chair; John Hallberg, Strategic Development Committee Chair; Karen Bohn, Governance Committee Chair; Dick Hurrlbrink (Cash Plus Media) Marketing Resource Committee Chair; Susan Anderson, Curtain Call Ball Chair; Rusty Cohen, At Large
New and returning members of the CTC Board of Governors include the following: Maureen Bazinet Beck, Executive Director, Edward D. Bazinet Foundation; Armando Camacho, Principal, Whittier Community School for the Arts; Peter W. Carter, Partner, Dorsey & Whiney, LLP; Jim Chosy, General Counsel/Managing Director, Piper Jaffray Companies; Rusty Cohen, Special Events Consultant, Mpls/St. Paul Magazine; Colleen J. Cooper, M.D., M.P.H, Medical Advisor, Minnesota Department of Health; Bradley A. Fritz, Partner, Deloitte & Touche; Yvonne Cheung Ho, Executive Director, Metropolitan Economic Development Association; Thomas Horner, Principal, Himle Horner Inc.; Greg Ortale, President & CEO, Greater Minneapolis Convention and Visitors Association; Bruce W. Smith, Senior Vice President – Business Risk Consulting, Marsh Inc.; Louise K. Thoreson, President, Contributions Management Inc.
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