After a fiscally harrowing year that threatened its existence, Penumbra Theatre has made a strong turnaround.
The St. Paul troupe, regarded as the nation's foremost African-American theater company, ended its recent fiscal year with a slim but significant $130,779 surplus after losing $1.15 million the year before.
That swing into the black is a "testament to the value the community places on this theater," said board chair Bill Stevens. "[It] ensured Penumbra would continue its vital role in the nation's theatrical landscape."
Thirteen months ago the company canceled its fall season, cut its staff and pared its budget by $800,000 (to $2 million, compared with $3.4 million the year before).
It also told its story to the public, hoping to raise $340,000 to make its accounts current again. A series of fundraising concerts brought life back to the darkened stage in the Rondo neighborhood, the historic heart of St. Paul's black community.
The appeal was successful. Foundations, corporations and individual donors, 1,400 of whom contributed, gave a total of $359,000 to Penumbra — $19,000 over its goal — allowing the theater to reopen in March with a stylish production of George C. Wolfe's "Spunk," a music-infused play that, fittingly, celebrated survival in the face of hardships.
Penumbra scheduled a full slate of productions for the current season, which began in August.
Meanwhile, the theater is working to ensure that it stays on track financially, said managing director Chris Widdess.