Letter from Chip Northrup
New Business Plan Needed
Glimmerglass Festival’s latest financials indicate a loss of more than $3,000,000 in 2023, which has caused the company to go back into debt of $2.5M, after having recently paid off a ballooning $4M debt (https://projects.propublica.org/nonprofits/organizations/161053970).
At this rate, the festival could be technically bankrupt in five years. Officials can either cut expenses, start hosting more popular productions, or hope that one of their primary benefactors will leave them an endowment that covers the nut. The festival might also benefit from a business manager. Since its founding, the artistic director has doubled as the business manager. GF has probably outgrown that combined role.
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