San Antonio Symphony expects to be in the black

Posted on: November 10, 2009

In Friday’s (11/6) San Antonio Business Journal (Texas), W. Scott Bailey writes, “In the fall of 2008, [Jack] Fishman was named president and CEO of the San Antonio Symphony, and he has since had to ride out a national economic storm that has impacted nonprofit organizations across the U.S. But now he is pursuing some new strategies that supporters believe will help provide the once bankrupt symphony with some long-term fiscal stability. … The San Antonio Symphony has not completed its financial audit for fiscal year 2008-09, which ended in September. But Fishman says the preliminary results show that the nonprofit organization generated $6.25 million in gross revenues—or roughly $30,000 in excess of expenses.” Efforts to grow the subscriber base in 2009-10 are paying off too. “San Antonio Symphony management has tweaked concert schedules and is offering first-time concert subscribers a 50 percent discount on their ticket packages for the coming season. As of Oct. 9, the symphony had sold more than 1,900 classics concert subscriptions. That’s a 13.5 percent increase over the number of classics concert subscriptions sold in 2008-09. The symphony had sold nearly 1,400 pops concert subscriptions for 2009-2010. That’s a 26 percent increase over the number of similar subscriptions sold in 2008-09.” The full article is available here for the publication’s subscribers only.

Posted November 10, 2009