The Indiana Symphony Society (ISS) released its audited
financial results for the 2015-2016 season at its
Annual Meeting, held Monday, Dec. 5, at the Hilbert Circle Theatre. It also
elected six new members of its Board of Directors, and the Society Board of
Directors appointed Yvonne Shaheen as its new Chair.
over FY15, for a total of $8.49 million, an all-time high in income from
tickets and the fourth consecutive increase since FY13. Subscription revenues
increased by 1 percent over FY15, and the ISO sold 9,392 student tickets, the
most ever in a single season and double the number of student tickets sold in
FY13. Though Marsh Symphony on the
Prairie ticket sales were lower than projected because of unusually bad
weather, total revenues were still higher than any other summer since the
popular series began 35 years ago.
Annual fundraising of $9.3 million surpassed the total
raised in FY15 and marked the fourth consecutive year that annual contributions
have exceeded $9 million. All told, operating revenues increased 6.2 percent
The ISS attributed much of this increase to the artistic
achievements of Krzysztof Urbański's fifth season as ISO music director and
several milestone events, including the 30th anniversary of IPL Yuletide Celebration and the 20th
anniversary of the Metropolitan Youth Orchestra.
"It is gratifying that as the relationship between our music
director and orchestra continues to grow, so does our attendance and community
support, demonstrating that the ISO's music is reaching far and wide into our
community," said ISO Chief Executive Officer Gary Ginstling (pictured above).
"As we reflect on the many wonderful accomplishments of the
past season, the Board of Directors reaffirms its commitment to achieving our
artistic goals while operating the institution in a fiscally responsible
manner," said Vince Caponi. "On behalf of our Board, I express my gratitude to Krzysztof,
principal pops conductor Jack Everly, the wonderful ISO musicians, our staff, patrons, and community for their ongoing dedication to the
Another season highlight was the celebration of the 20th
anniversary of the ISO's Metropolitan Youth Orchestra (MYO), led by founder and
artistic director Betty Perry. The MYO is a youth and family development
initiative that engages students in kindergarten through 12th grade and their
families in music through lessons, coaching, and
ensemble opportunities. Other educational programming such as the Teddy Bear Series, performed at the
Indianapolis Public Library, and the sold-out Anthem Blue Cross & Blue
Shield Discovery Concerts were
recognized for introducing students to the joy of orchestral music.
The ISS also acknowledged the new three-year collective
bargaining agreement that was reached more than a year in advance of the current
CBA's expiration. Dec. 5