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JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS

2700 F St NW
Washington, DC 20566

www.kennedy-center.org

Mission and Programs

Mission

The mission of John F. Kennedy Center for the Performing Arts is to fulfill President Kennedy’s vision by producing and presenting the greatest examples of music, dance, and theater; supporting artists in the creation of new work; and serving the nation as a leader in arts education.

Programs

The John F. Kennedy Center for the Performing Arts, overlooking the Potomac River in Washington, D.C., is America’s living memorial to President Kennedy. Under the guidance of President Michael M. Kaiser, the nine theaters and stages of the nation’s busiest performing arts facility attract audiences totaling two million; Center-related touring productions, television, and radio broadcasts welcome 20 million more.
 
Opening its doors on September 8, 1971, the Center presents the greatest examples of music, dance, and theater; supports artists in the creation of new work; and serves the nation as a leader in arts education. With its artistic affiliate, the National Symphony Orchestra, the Center’s achievements as a commissioner, producer, and nurturer of developing artists have resulted in over 300 theatrical productions, dozens of new ballets, operas, and musical works.
 
Each year more than 17 million people nationwide take part in innovative and effective education programs initiated by the Center?performances, lecture/demonstrations, open rehearsals, dance and music residencies, master classes, competitions for young actors and musicians, and workshops for teachers. These programs have become models for communities across the country.   The Center also has been at the forefront of making the performing arts accessible to persons with disabilities, highlighted by its affiliation with VSA, with which it shares programs and resources. At the end of 2005, the Center opened a new completely accessible theater for young people and families focusing on the presentation of Kennedy Center-commissioned productions.
 
As part of the Kennedy Center’s Performing Arts for Everyone outreach program, the Center and the National Symphony Orchestra stage more than 400 free performances of music, dance, and theater by artists from throughout the world each year on the Center’s main stages, and every evening at 6 p.m. on the Millennium Stage.

Who We Are

The John F. Kennedy Center for the Performing Arts was created to serve as a presidential memorial and as the national center for the performing arts, specifically directed to develop and present a broad array of performing arts programs, including theater, music, opera, ballet, dance, and educational and public service activities both in Washington, D.C. and across the country.

Goals and Results

Accomplishments for Fiscal Year Ending June 30, 2005

  1. The Kennedy Center is the nation's busiest arts facility, presenting approximately 2,000 performances each year for audiences numbering more than 2 million.
  2. Art Education Programs: The Center's arts education programs demonstrate their national reach to more than eleven million children, teachers, and families in each of the 50 states each year.

Objectives for Fiscal Year Beginning July 1, 2005

  1. The John F. Kennedy Center seeks to continue to enrich the lives of audiences and instill a love of art in future generations through the production and presentation of more than 3,100 performances.

Financial Data

Revenues and Expenses: Fiscal Year Ending September 30, 2008

Revenue
Contributions $53,832,305
Government Grants $50,020,672
Program Services $57,208,619
Investments $7,332,223
Special Events ($2,408,838)
Sales $482,059
Other $12,285,906
Total Revenue $178,752,946
Expenses
Program Services $139,135,015
Administration $15,497,829
Other $9,954,020
Total Expenditures $164,586,864
Net Gain/Loss $14,166,082

Balance Sheet: Fiscal Year Ending September 30, 2008

Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

  October 1, 2007 September 30, 2008 Change
Assets      
Cash & Equivalent $11,501,388 $20,406,020 $8,904,632
Accounts Receivable $4,072,651 $4,082,799 $10,148
Pledges & Grants Receivable $34,707,856 $38,557,178 $3,849,322
Receivables/Other $0 $0 $0
Inventories for Sale or Use $502,138 $526,002 $23,864
Investments/Securities $118,678,031 $90,177,830 ($28,500,201)
Investments/Other $0 $0 $0
Fixed Assets $203,644,254 $208,058,913 $4,414,659
Other $24,163,513 $24,866,950 $703,437
Total Assets $397,269,831 $386,675,692 ($10,594,139)
Liabilities      
Accounts Payable $10,203,318 $15,184,352 $4,981,034
Grants Payable $0 $0 $0
Deferred Revenue $19,473,921 $19,048,284 ($425,637)
Loans and Notes $16,137,835 $15,617,514 ($520,321)
Tax-Exempt Bond Liabilities $30,700,000 $30,700,000 $0
Other $7,272,359 $9,373,501 $2,101,142
Total Liabilities $83,787,433 $89,923,651 $6,136,218
Fund Balance $313,482,398 $296,752,041 ($16,730,357)

Basic Information