![]() That makes Goodspeed’s recent string of deficits - totaling nearly $4 million over a three-year period ending in fiscal 2018, according to its most recently available public tax filings - a critical issue facing the new leadership team taking over this spring. For decades, Goodspeed Musicals’ multimillion-dollar endowment had allowed its theaters in East Haddam and Chester to survive and flourish, despite downturns in the economy, declines in both contributions and attendance and annual deficits, some in the seven figures.īut annual royalties that go into the endowment from the smash 1970s musical “Annie” - which had its premiere at Goodspeed Opera House in East Haddam 45 years ago - as well as from other shows the theater launched, have been diminishing over the years.
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