While they prepare to start their season next Friday, the Levitt has yet to release their financials, tax return or annual report from last year.

A couple of weeks ago a city official told me that the Levitt has NOT completed the tax filings and audit yet. Kind of odd how you can budget for another season without knowing how you did in 2021?

These financial statements are important because the Levitt receives public funding through the parks department, they also manage the booking of the stage for non-Levitt concerts (mostly church services) and they are a non-profit.

I am also curious what kind of money the Levitt raises through donations and other fees. There have been some wild claims made that if it were not for the private sale of alcoholic beverages at the concerts the Levitt couldn’t survive financially. Hogwash.

The Levitt has multiple funding sources. In fact they could probably raise even more money by charging a wrist band fee and cooler fee for people who wanted to bring their own adult beverages while still maintaining liquor sales from the private provider (you would only allow beer and wine in cans or plastic bottles to those who bring their own).

We will see if their annual report magically appears next Thursday 🙂

2 Thoughts on “Sioux Falls Levitt has yet to release 2021 financials

  1. D@ily Spin on May 28, 2022 at 10:02 am said:

    If there’s a profit or even just cash flow, we’d hear about it immediately and for losing years to come. It’s a substantial loss. The real question is how much it gets cooked in with other losing endeavors.

  2. Fear & Loathing in Sioux Falls on May 28, 2022 at 12:54 pm said:

    Alcohol sales and church services, either they are very open minded or else very warped.

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