Stampede’s solid financial health

In 2016 the Stampede continued to respond to the changing environment while protecting the financial health of the organization. We took on the extra challenge in 2016 to ensure our expenses were aligned with our expected revenue. We worked hard to reduce costs in order to address the anticipated decline in revenue. The end result: a bottom line community investment of more than $2 million in both 2015 and 2016 respectively. This allows us to provide the best support for our community programs, facilities and activities.

Here are some financial and community investment facts:

  • As a not-for-profit organization, our goal is to manage our finances in a way that ensures we can deliver the great experiences our community expects.
  • Yes we had a $12 million reduction to our revenue between 2015 and 2016, but we were very proactive about reducing expenses through both our annual budgets and throughout the past two years since the start of the economic downturn.
  • We expanded our programming and community events with the opening of ENMAX Park in 2016.
  • We continue to actively work with the Calgary Stampede Foundation on the development of Youth Campus.
  • Our ongoing capital budget is higher than it has been over the last couple of years and we are undertaking additional renovations on Stampede Park to make this an even better place for our community.

As a 105-year-old organization steeped in history and tradition we have survived because of our ability to change and adapt. “We continue to be out in our community listening and reacting to what they have to say,” says Warren Connell, Calgary Stampede CEO. “We are looking at how to engage the community and set up programs that appeal to everyone. We have a number of new exciting initiatives planned for the community in 2017 and we look forward to sharing these plans starting this afternoon with an exciting announcement about the Parade.”

The Stampede is a reflection of our community and we work hard to meet and exceed expectations. If you’re interested, we invite you to read our detailed financial statements and learn more about how we give back to the community in our annual Report to the Community.

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Royalty in Las Vegas

Hey y’all! Princess Chelsey here, returned in one piece from Viva Las Vegas! What a busy couple of weeks we’ve had, coming back from Winnipeg to head South only four days later!

It was both Queen Maggie’s and my very first time in Vegas, so luckily we had Princess Bailee and Indian Princess Vanessa to show us the ropes. Don’t worry, we were behaved and brought a heap of western hospitality to share.

We went down to experience the National Finals Rodeo, so not unlike our own Stampede week, the city had turned western! A few more bright lights than we’re used to, but just as many cowboy hats I think! We spent a lot of our time at Cowboy Christmas at the Calgary Stampede booth, promoting the Stampede and entering people to win a trip for two up our way in July. If you don’t know what Cowboy Christmas is, imagine the largest building you’ve ever been in, double that, and then fill it with all kinds of booths selling rodeo gear, western apparel, horse trailers, and more pairs of cowboy boots than I knew even existed! So in other words, heaven on earth. Needless to say, I came home a few dollars poorer.

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I even found a hoverboard at Cowboy Christmas! (I’ll stick to walking though) Continue reading