Michigan Council for Arts and Cultural Affairs FY 2014

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1 Michigan Council for Arts and Cultural Affairs Funder Report Organization Information Organization name: City: State: County: NISP Discipline: NISP Institution: Saginaw MI Saginaw County 4 - Theatre 7 - Performance Facility NTEE: A65 - Theater Applicant is audited or reviewed by an independent accounting firm. Federal ID # Year organization founded: Organization type: Fiscal year end date: DUNS # Full-time staff: Paid FTEs: (c)3 nonprofit organization A display value of - signifies a value of less than +/-.5% Unrestricted Activity Unrestricted Operating Revenue Earned Program Earned Non-program Earned Revenue Investment Revenue Contributed Revenue Unrestricted Operating Revenue Less in-kind Unrestricted Operating Revenue Less In-kind FY 24 $465,5 $496,787 $96,792 $369,44 $739,76 $2,7,2 ($2,675) $2,49,337 FY 25 $52,67 $435,533 $937,6 -$59,722 $33,44 $,9,292 ($9,535) $,99,757 8% -3% -6% -58% -42% 343% -46% FY 26 $66,79 $3,79 $97,59 $484,46 $48,32 $,799,957 ($95,429) $,74,528 2% -3% -3% 9% 3 5% 4% 55% Expenses by Functional Program Fundraising General & Administrative Operating Expenses Less in-kind Operating Expenses Less In-kind Net Unrestricted Activity - Operating Net Unrestricted Activity - Non-operating Net Unrestricted Activity Net Temporarily Restricted Activity Net Permanently Restricted Activity Net Activity $,64,465 $53,559 $8,592 $,775,66 ($2,675) $,754,94 $294,396 $294,396 $63,459 $457,855 $,367,858 $35,7 $34,4 $,744,43 ($9,535) $,652,895 -$553,38 -$553,38 $66,336 -$386,82-7% -34% 38% 343% -6% -288% -288% 2% -84% $,246,534 $347,854 $,6,388 ($95,429) $,54,959 $99,569 $99,569 -$72,43 $27,38-9% -83% 2% -8% 4% -9% 36% 36% -24% 7% 5/3/27 Page of 8

2 Revenue Details Operating Revenue Earned - Program FY 24 FY 25 FY 26 FY 26 Unrestricted FY 26 Temporarily Restricted FY 26 Permanently Restricted Membership revenue $3 $3 Single ticket sales $465,5 $52,67 $36,47 $36,47 Guided or group tours $5,853 $5,853 Other program revenue earned - program $465,5 $52,67 $239,96 $66,79 $239,96 $66,79 Earned - Non-program Food and concessions $54,736 $55, $52,946 $52,946 Gift shop and merchandise fees $3,978 $5,485 Sponsorship revenue $55,76 $34, 9,27 9,27 Space rentals Other earned revenue earned - non-program $39,857 $42,456 $496,787 $8,828 $22,2 $435,533 $38,574 $3,79 $38,574 $3,79 earned revenue $96,792 $937,6 $97,59 $97,59 5/3/27 Page 2 of 8

3 Contributed FY 24 FY 25 FY 26 FY 26 Unrestricted FY 26 Temporarily Restricted FY 26 Permanently Restricted Trustee & board $3,5 $3,5 Individual $69,96 $298,265 $36,942 $36,942 Foundation $75, $8, $8, State government $5, $89,95 In-kind operating contributions $2,675 $9,535 $95,429 $95,429 Other contributions,, Net assets released from restriction $275,93 -$275,93 contributed revenue $92,635 $479,75 $235,87 $48,32 -$72,43 Operating investment revenue $369,44 -$59,722 $484,46 $484,46 operating revenue $2,233,47 $,357,628 $,627,526 $,799,957 -$72,43 operating revenue less in-kind $2,22,796 $,266,93 $,532,97 $,74,528 -$72,43 non-operating revenue revenue $2,233,47 $,357,628 $,627,526 $,799,957 -$72,43 revenue less in-kind $2,22,796 $,266,93 $,532,97 $,74,528 -$72,43 5/3/27 Page 3 of 8

4 Expense Details Personnel expenses - Operating FY 24 FY 25 % Change FY 26 % Change FY 26 Program FY 26 Fundraising FY 26 General & Administrative W2 employees (salaries, payroll taxes and fringe benefits) $354,843 $254,226 $486,978 92% $29,875 $267,3 Independent contractors $9,95 $9,95 Professional fees personnel expenses - Operating Non-personnel expenses - Operating $354,843 $254,226 $322,5 $89,43 222% $322,5 $552,327 $267,3 Advertising and promotion $25,68 $26,244 %,497,497 Conferences and meetings $95 $7,69 7,99% $7,69 Dues and subscriptions $,746 $5, % $6,722 9% $6,722 Insurance $23,99 $9,564-6% $7,832-9% $7,832 Occupancy costs $6,264 $99,259-38% $58,98 59% $58,98 Office and administration $3,227 $3, -% $5,428-6 $35,238 $6,9 Printing, postage and shipping $34,362 $24,77 $5,539-78% $5,539 Travel $,57 $522-67% $,494 2,2% $,494 Productions and events costs $5,793 $5,793 Other operating expenses $723,745 $864,584 9% $7,9-92% $548 $64,56 Depreciation non-personnel expenses - Operating $29,492 $,42,773 $29,492 $,49,24 5% $224,837 $78,958 2% -48% $224,837 $694,27 $8,75 operating expenses Non-operating personnel expenses Non-operating non-personnel expenses $,775,66 $,744,43 $,6,388-8% $,246,534 $347,854 expenses expenses less in-kind $,775,66 $,754,94 $,744,43 $,652,895-6% $,6,388 $,54,959-8% -9% $,246,534 $347,854 expenses less depreciation $,556,24 $,524,938 $,375,55 - expenses less in-kind and depreciation $,535,449 $,433,43-7% $,28,22 -% 5/3/27 Page 4 of 8

5 Balance Sheet Assets FY 24 FY 25 FY 26 Current assets Cash $287,595 $295,72 3% $72, -42% Receivables Investments $4,66 $5,792,537 $25,992 $5,64,4 2 -% $23,43 $97,967-9% -96% Prepaid expenses & other $2,39 $97,42 834% $6,445-69% current assets $6,25,93 $5,99,265-5% $634,853-89% Non-current investments $5,527,75 Fixed assets (net) Other non-current assets non-current assets $8,32,42 $357,62 $8,489,24 $7,92,55 $549,36 $8,46,866-3% 54% - $8,36,735 $28,872 $3,693,357 3% -95% 62% assets $4,75,35 $4,37,3 $4,328,2 - Liabilities & Net Assets Liabilities FY 24 FY 25 FY 26 Accounts payable & other $4,96 $45,5 2% $5,933 3% Loans & other debt Deferred revenue current liabilities $53,675 $93,87 $2,58 $246,669 3% 27% $25,677 $76,6-38% Non-current liabilities liabilites $93,87 $246,669 27% $76,6 Net assets Unrestricted Temporarily restricted Permanently restricted net assets liabilities & net assets $4,85,78 $325,556 $4,5,264 $4,75,35 $3,632,57 $49,892 $4,24,462 $4,37,3-4% 5% -3% $3,832,39 $39,46 $4,5,6 $4,328,2 % -35% - 5/3/27 Page 5 of 8

6 Balance Sheet Metrics Months of Operating Cash -- Unrestricted working capital -- Unrestricted Current Ratio Debt Service Impact Unrestricted Net Assets Net of Property, Plant and Equipment Operating Margin Depreciation as a % of Fixed Assets Leverage Ratio FY 24 2 $6,22, $6,53,666 22% % FY 25 2 $5,662, $5,72,2-32% 3% FY 26 $85, $5,695,44 2% Months of Operating Cash -- Unrestricted represents the number of months an organization can operate at current average monthly expense levels with existing unrestricted cash and cash equivalents. Cash + Cash Equivalents / ( Expense / 2). The ratio is calculated using unrestricted numbers only. working capital -- Unrestricted consists of the resources available for operations, and in this report is calculated as unrestricted current assets minus unrestricted current liabilities. This is a conservative calculation of working capital and may differ from your internal calculations. Adequate working capital provides financial strength and flexibility to your organization, the ability to meet obligations as they come due, and the ability to take more risks, knowing there is a cushion to fall back on. Current Ratio (Current Assets divided by Current Liabilities) determintes the organization's ability to pay current debt using current assets. The higher the ratio, the more capable the organization is of paying its obligations. The ratio is calulated using unrestricted numbers only. Debt Service Impact ( Debt Service including principal and interest divided by Expense) calculates the % of an organization's total expenses applied to the total debt-service burden, e.g. a mortgage). This measure can help understand the portion of the book value of an organization's fixed assets that they truly own free and clear of related obligations and depreciated value. It is calculated as Unrestricted Net Assets - (Net Fixed Assets - Mortgage Debt). Unrestricted Net Assets Net of Property, Plant and Equipment (Unrestricted Net Assets - (Net Fixed Assets - Mortgage Debt)) shows what the organization's unrestricted net assets would be if they did not own any property, or have any debts associated with that property. Because this calculation is based on unrestricted values for net assets and fixed assets, if an organization fills out a single column balance sheet and does not separate fixed assets into restricted and unrestricted categories, this value will be blank. Operating Margin (Change in Net Assets divided by Unrestricted Operating Revenue) is a measurement of the organizations efficiency in operating, highlighting the amount of an organization's surplus or deficit. Depreciation as a % of Fixed Assets indicates the potential need for replacement or repair of fixed assets (such as buildings, furniture, office equipment, sets and props); especially significant for organizations that own a building or carry a long-term lease. Leverage Ratio (Long Term Debt divided by Unrestricted and Temporarily Restricted Assets) is a measurement of a company s efficiency in operating. 5/3/27 Page 6 of 8

7 Attendance In-person Participation In-person participation - paid In-person participation - free in-person participation FY 24, 25,25 FY 25 37,,8 38, % FY 26 59,,6 69, % 78% Types of In-person Attendance Performance tickets Guided tours participants Field trip participants in-person participation FY 24,25 FY 25 38,8 279% FY 26 6, 9,5 69,6 78% Attendance Ages Children (8 and under) Seniors Adults FY 24,5 FY 25 5, 9 FY 26, 35,5 23,66-33% Other Participation FY 24 FY 25 FY 26 Staffing Staff & Non-Staff Statistics FY 24 FY 25 FY 26 Full-time permanent employees Part-time permanent employees Part-time permanent employees - FTEs Part-time seasonal employees Part-time seasonal employees - FTEs Number of part-time or one-time volunteers Part-time or one-time volunteers - FTEs Independent contractors Number of interns and apprentices % -3% -68% -76% -92% % -62% -42% -67% -96% Artistic Staff & Non-Staff Statistics FY 24 FY 25 FY 26 This organization has not provided data on artistic staff. This may be because the organization does not hire artistic staff or the organization s annual expenses are under $5,, and they are therefore only required to complete the short form of the DataArts Survey. 5/3/27 Page 7 of 8

8 Program Activity FY 24 FY 25 FY 26 Distinct productions performances Distinct screenings screenings Distinct guided tours guided tour occurrences Distinct field trips Field trip occurrences Pieces of equipment provided for rental /3/27 Page 8 of 8