Tag: Actors Theatre

The Speed Museum’s new tax return reveals CEO d’Humières’s annual pay ($300K), and a larger window on non-profit finances

By Jim Hopkins
Boulevard Publisher

The Speed Museum is paying CEO Ghislain d’Humières more than $300,000 a year, according to its latest IRS tax return, the first public disclosure of the annual compensation paid to the man hired to lead one of Louisville’s preeminent cultural institutions, after a top-to-bottom renovation completed this year.

Ghislain dhumieres
D’Humieres

D’Humières joined the museum in September 2013 to help oversee the $60 million renovation already underway; it was finished with its reopening in March after being closed more than three years. He came from the Fred Jones Jr. Museum of Art at the University of Oklahoma, where he also was the chief executive.

The tax return says he was paid $290,553 in salary and $18,105 in medical and retirement benefits to run the 91-year-old institution and next year’s $8.3 million budget.

D’Humières replaced Charles Venable, who in October 2012 left for the top job at the Indianapolis Museum of Art. He led the Speed for five years, and was paid $241,834 in salary and $19,250 in benefits during his last year there.

IRS tax returns filed by non-profits such as the Speed provide the fullest annual public accounting of their finances, including spending on payroll, marketing and other overhead as well as revenue from donations and investment income. The Speed’s is especially noteworthy because it’s one of the city’s most high-profile arts organizations, now under d’Humières.

Comparable pay elusive

A native of France, he holds a DEA in History and License of Art History from the University of Paris I Pantheon Sorbonne, and a Master of History from the University of Paris X Nanterre.

It’s difficult to find comparable compensation for Louisville executives in his position, partly because of his unusual academic credentials, but also because IRS tax returns often lag among the city’s handful of non-profits devoted to the arts.

Actors Theatre‘s highest-paid employee, Continue reading “The Speed Museum’s new tax return reveals CEO d’Humières’s annual pay ($300K), and a larger window on non-profit finances”

Slime time: In the genteel world of old-money philanthropy, pizza king Schnatter is busting loose

By Jim Hopkins
Boulevard Publisher

When Tom Jurich chases the money John Schnatter gives to charity every year, it’s the ever-prowling cats that pose competition.

No — not those ones. I’m referring to the snow leopard and other big cats at Louisville Zoo, just five miles from Papa John’s Cardinal Stadium, the University of Louisville colossus about to undergo a $55 million renovation that athletics director Jurich wants done in just two years.

Schnatter, 54, loves U of L. He’s donated more than $20 million to the 22,000-student school over the past decade, winning naming rights for his Louisville-based pizza chain for decades to come. (And Schnatter’s a Ball State graduate, to boot.)

Papa John's logoBut he also likes other charities — especially the zoo, according to the most recent IRS tax returns for his John H. Schnatter Family Foundation, which filed its 2015 return only last week. The returns show the foundation gave $111,000 to the zoo in 2012-2015; only one other recipient — U of L — got more, among the dozens of charities Schnatter and his wife Annette support. And that was on top of $1.1 million they donated to the zoo in 2008. To be sure, the zoo was just barely ahead of No. 3 on the foundation’s gift list (keep reading).

The returns offer an inside look at how one of the city’s richest couples — we’re talking $800 million — positions themselves in a pecking order where the right kind of philanthropy is the ticket to top-drawer society. This much is clear: the Schnatters don’t give a flying fig about old-money Louisville. They’re passing on virtually all the usual suspects: the Speed Museum, Actors Theatre, Kentucky Opera, the Fund for the Arts — cultural war horses favored by more established families like the Browns and their 150-year-old whiskey fortune, or the Binghams and their faded media empire from 1918.

Instead, the Schnatters devoted their relatively modest $1.9 million to 86 charities over the four years I examined, focused heavily on helping children and veterans; animal welfare and — crucially, for anxious development officers — advancing John Schnatter’s growing interest in free enterprise and limited government.

But he’s never been old money, anyway.

1980s: bustin’ out

After graduating from Ball State University in 1983, Schnatter started Papa John’s in a broom closet at his father’s tavern, Mike’s Lounge, which he famously saved from ruin with $2,800 he got selling his prized 1972 Camaro. Nearly 32 years and many millions of pies later, he stars in his own TV commercials blanketing the air, proving he’s not above getting dirty to make a sale — literally. In a Sony Pictures marketing tie-in this summer, he played a slimed Ghostbuster pizza delivery guy; that’s a still photo, top of page. (Can you imagine Brown-Forman Chairman George Garvin Brown IV dressed as a dancing mint julep for an Old Forester spot? Neither can I.)

Tom Jurich
Jurich

No matter. Schnatter’s laughing all the way  to the bank. Today, Papa John’s has more than 4,700 restaurants in 38 countries and territories. Its 22,000 employees include 750 in Louisville. And his stake in the $2.8 billion behemoth just soared past $800 million for the first time. That’s a lot of loot that’s arrived relatively fast. On a split-adjusted basis, Papa John’s stock has increased six-fold in the past five years alone. The question over at U of L: How much of that will Jurich wrangle for his $55 million stadium project? Continue reading “Slime time: In the genteel world of old-money philanthropy, pizza king Schnatter is busting loose”

Kentucky Opera names Dallas’ Derrer as new general director, in 2nd recent hire among big local cultural groups

Madame Butterly
The 2016-17 season starts with the classic Madame Butterly.

Ian Derrer, artistic administrator at Dallas Opera for the past two years, started his career at New York City Opera in 2004, after receiving his masters degrees in opera production, voice and performing arts management from Northwestern University and Brooklyn College, and a bachelor’s of music in voice performance from the Meadows School of the Arts at Southern Methodist University.

Kentucky Opera announced his appointment yesterday, effective Sept. 1. Derrer, 41, will oversee a 64-year-old organization with a $2.4 million budget. He succeeds David Roth, who died unexpectedly last July.

Ian Derrer
Derrer

In 2006, Derrer moved to Chicago’s Lyric Opera, starting as rehearsal administrator and moving up to production director and head of the rehearsal department. In all, Derrer spent eight seasons there, with one summer as rehearsal director at Santa Fe Opera.

As artistic administrator at Dallas, Derrer oversees budgets for the orchestra, chorus, and principal artists as well as members of the artistic staff, orchestra librarian, orchestra manager, chorus secretary, and scheduling department. The company was founded in 1957, five years after Louisville’s. Its budget is considerably larger, however: $14.2 million for the year ended in June 2014, according to its most recent annual IRS tax return.

Dallas Opera CEO Keith Cerny praised Derrer’s work, telling The Courier-Journal that he “guided important artistic and patron relationships, in addition to serving as advisor to both the music director and me.”

Louisville’s 2016-17 season of three productions starts Sept. 23 at the Brown Theatre with Puccini’s Madame Butterfly. Dallas Opera’s upcoming five-production season also includes Butterfly.

Shifting artistic leadership

Derrer’s is at least the second appointment this year Continue reading “Kentucky Opera names Dallas’ Derrer as new general director, in 2nd recent hire among big local cultural groups”

Actors names new managing director

Kevin Moore
Moore

He is Kevin Moore, managing director of Theatre Communications Group, a New York non-profit with a $10 million budget and 50 employees serving more than 500 professional non-profit theaters nationwide, including Actors Theatre itself, according to The Courier-Journal. Actors announced Moore’s hiring today in a press release.

The Louisville repertory theater, now in its 53rd season, has an $11.25 million budget, a $12 million endowment, and 196 employees, the CJ says. It presents more than 350 performances annually, and is known especially for its Humana Festival of New American Plays each spring.

Moore replaces Jennifer Bielstein, who left in March after 10 years to be managing director of the Guthrie Theater in Minneapolis.

In its announcement, Actors didn’t say what Moore would be paid. Bielstein was paid about $207,000, including benefits, for the fiscal year ended May 2014, according to its most recent IRS tax return on GuideStar.

Related: Actors’ profile page on Boulevard, with links to annual IRS returns and other information.

GE outsourcing jobs, and new Kindred building advances

Appliance Park aerial
An aerial view of GE’s massive Appliance Park, which employs 6,000 workers.

Latest business news focused on big Louisville employers; updated at 5:25 p.m.

HUMANA declared a regular quarterly dividend of 29 cents a share, payable July 29 to stockholders of record June 30. Also, the healthcare giant said it will continue its financial support of Actors Theatre’s festival of new plays through 2019; Humana has been the lead underwriter for 37 years. 

GE plans to outsource its distribution operation at Appliance Park, a move that would affect about 200 union jobs (WDRB). The announcement followed the release of a letter today that contained uncharacteristically harsh criticism of the performance of workers (CJ).

KINDRED was issued four building permits by the city yesterday, indicating it’s ready to start work on its planned $36 million office building in the Theater Square commercial district on Fourth Street near the Brown Hotel (CJ). The expansion will accommodate up to 500 new employees, and follows Kindred’s October 2014 purchase of Gentiva, an Atlanta-based home health and hospice provider (AJC).

PNC will vacate the PNC Plaza Tower on Jefferson Street, moving 300 employees to the National City Tower as the bank consolidates its combined 600 downtown employees in one place. No word on what will happen to PNC Plaza naming rights (WDRB).

PAPA JOHN’S has now eliminated all  high-fructose corn syrup from its menu, a plan first announced in June (press release). The ingredient was one of 14 the company said it would remove in June as it reinforced its “better ingredients, better pizza” slogan (Food Business News).