Example Arts Organization Philadelphia Cultural Fund Grant Application

Transcription

1 Grant Application Address: 123 Main Street, Philadelphia, PA County: Philadelphia Average Budget: $3,283,38 Federal ID #: Year Organization Founded: 1988 Number of Board Members: 35 Fiscal Year End Date: 6/3 City Council District: 8 ~% signifies a value of less than +/-.5%. * The value is less than -999% or greater than +9999%. FINANCIAL SUMMARY Below is a summary of the organization's financial activities. Definitions of key items appear below. Financial Activity FY 211 FY 212 FY 213 FY 214 Unrestricted Activity Revenue Earned Program $1,464,731 $1,68,82 15% $1,818,876 8% $1,824,876 ~% Non-program 31,151 9,272 19% 16,489 18% 64,176-4% Total Earned 1,495,882 1,771,92 18% 1,925,365 9% 1,889,52-2% Investment & Transfers 1,257 7, % 65,3 716% 127,259 96% Contributed 1,317,427 1,54,326 14% 1,81,761 2% 1,53,162-15% Total Unrestricted Revenue $2,814,566 $3,283,39 17% $3,81,156 16% $3,546,473-7% Expenses Program $2,434,471 $2,411,975-1% $2,555,885 6% $2,822,414 1% Fundraising 195,596 28,63 43% 258,883-8% 231,61-11% General & Administrative 339, ,523 57% 513,889-4% 553,637 8% Total Expenses $2,969,715 $3,226,128 9% $3,328,657 3% $3,67,652 8% Net Unrestricted Activity ($155,149) $57, % $472, % ($61,179) -113% Net Temporarily Restricted Activity $328,5 ($276,) -184% ($198,) 28% $61,667 48% Net Permanently Restricted Activity Net Total Activity $173,351 ($218,738) -226% $274, % $549,488 1% Net Unrestricted (UR) Activity includes all operating revenue and expenses, funds used to purchase fixed assets, and market value changes in endowments and other investments. Therefore, the Net UR Activity line may include more than just an operating surplus or deficit. Net Temporarily Restricted (TR) Activity includes TR contributions that are restricted by the donor for a specific purpose or specific time. Some examples of temporarily restricted contributions are gifts for specific programs or productions, gifts for operations for future years, and capital campaign gifts for facilities that are not yet built. When the restriction is fulfilled, the net assets are released to the unrestricted operating statement. "Net TR Activity" is the sum of all new TR contributions minus those released to unrestricted. Net Permanently Restricted (PR) Activity includes PR contributions that are restricted by the donor in perpetuity. The most common example is a gift to an endowment fund. Balance Sheet Summary FY 211 FY 212 FY 213 FY 214 Total Assets $4,81,63 $5,3,973 5% $5,328,29 6% $5,829,49 9% Total Liabilities $1,156,218 $1,746,164 51% $1,768,91 1% $1,72,313-3% Total Net Assets $3,645,385 $3,284,89-1% $3,559,38 8% $4,19,96 15% Total Liabilities & Net Assets $4,81,63 $5,3,973 5% $5,328,29 6% $5,829,49 9% Page 1 of 8

2 REVENUE UNRESTRICTED EARNED REVENUE Program Revenue FY 211 FY 212 FY 213 FY 214 Ticket Sales 664,78 866,7 3% 974,555 12% 1,74,169 1% Tuitions 22,14 44,695 13% 54,849 23% 32,824-4% Subscriptions - Performance 693,638 76,236 1% 788,372 4% 716,931-9% Other Earned Revenue 84,371 9,189-89% 1,1-88% % Total Unrestricted Program Revenue $1,464,731 $1,68,82 15% $1,818,876 8% $1,824,876 ~% Non-Program Revenue FY 211 FY 212 FY 213 FY 214 Food Sales/Concession Revenue 45,147 42,479-6% 2,959-93% Rental Income 31,151 23,695-24% 29,823 26% 32,324 8% Advertising Revenue 21,43 34,187 6% 28,893-15% Total Unrestricted Non-Program Revenue $31,151 $9,272 19% $16,489 18% $64,176-4% Total Unrestricted Earned Revenue $1,495,882 $1,771,92 18% $1,925,365 9% $1,889,52-2% Page 2 of 8

3 REVENUE (Continued) Unrestricted Investments and Transfers FY 211 FY 212 FY 213 FY 214 Investments-Realized Gains (Losses) $8,498 $186-98% $54-71% $135 15% Investments-Unrealized Gains (Losses) (13,18) 3 (54) * Interest & Dividends 5,867 7,786 33% 64, % 127,178 96% Total Unrestricted Investments and Transfers $1,257 $7,972 $65,3 $127,259 Unrestricted Contributed Revenue FY 211 FY 212 FY 213 FY 214 Trustee/Board Contributions $144,541 $125,14-14% $145,289 16% $134,759-7% Individual Contributions 161, ,267 8% 21,11 15% 2,69 ~% Corporate Contributions 145, ,86 3% 135,872-9% 121,982-1% Foundation Contributions 332, ,55-15% 389,37 38% 542,653 39% Government - City 16,95 21,1 24% 15,6-29% 13,555-1% Government - State 62,755 63,724 2% 92,874 46% 8,184-14% Government - Federal 24,838 51,838 19% 49,6-4% 28, -44% Special Events - Fundraising 62,44 19,814 76% 57,925-47% 114,342 97% Other Contributions 14,95 322,5 2188% 5,439-84% In-kind Contributions 33,118 15,76-52% 15,58-4% Net Assets Released from Restrictions 366, 48, 31% 385,5-2% 228,5-41% Total Unrestricted Contributed Revenue and Net Assets Released from Restrictions $1,317,427 $1,54,326 14% $1,81,761 2% $1,53,162-15% Total Unrestricted Revenue $2,814,566 $3,283,39 17% $3,81,156 16% $3,546,473-7% Total Temporarily Restricted Revenue $328,5 ($276,) -184% ($198,) 28% $61,667 48% Total Permanently Restricted Revenue Total Revenue $3,143,66 $3,7,39-4% $3,63,156 2% $4,157,14 15% Page 3 of 8

4 EXPENSES Expense FY 211 FY 212 Total Salaries & Fringe (From Section 5) $1,75,28 $1,732,345 Accounting $2,375 Advertising and Marketing $35,723 $269,595 Artist Commission Fees Artists & Performers - Non-Salaried $7,752 $121,425 Bank Fees $35,143 $37,745 Repairs & Maintenance $79,198 $72,968 Conferences & Meetings $3,565 Cost of Sales $2,963 $23,224 Depreciation $16,617 $126,65 Dues & Subscriptions $13,438 $12,486 Equipment Rental $9,739 $9,948 Facilities - Other Fundraising Expenses - Other $39,14 $98,763 Insurance $68,329 $42,672 Interest Expense $47,169 $68,393 Lodging & Meals $31,73 $62,822 Office Expense - Other Other $16,988 $3,23 $21,263 $31,17 Postage & Shipping $9,732 $69,323 Printing Production & Exhibition Costs $239,364 $263,737 Programs - Other Professional Development $3,79 $4,367 Public Relations $11,368 Rent $7,7 $7,75 Telephone $12,917 $13,149 Travel $5,797 $15,546 Utilities $83,462 $86,262 Total Expenses $2,969,715 $3,226,128 Total Expenses Less In-Kind $2,969,715 $3,226,128 Change in Total Net Assets $173,351 ($218,738) FY 213 FY 214 2% $1,886,42 9% $2,81,874 1% $14,616-28% $14,315-2% -12% $221,42-18% $296,688 34% $22,5 72% $17,113-12% $12,78 13% 7% $47,736 26% $51,93 9% -8% $61,88-15% $66,81 8% $4,458 25% $7,585 7% 11% $19,155-18% $2,891 9% -21% $132,226 4% $146,24 11% -7% $1,695-14% $12,713 19% 2% $9,333-6% $11, % $65,421-34% $99,86 51% -38% $51,88 2% $71,16 39% 45% $71,127 4% $64,142-1% 98% $21,416-66% $14,687-31% 25% $23,885 12% $14,449-4% 863% $37,28 2% $36,981-1% 612% $75,356 9% $54,681-27% $1, 1% $36,858 16% $281,342-8% $4,274 18% $4,881 12% $4,299-12% $5,343-53% -8% $8,946 26% $14, 56% 2% $11,49-16% $13,711 24% 168% $19,179 23% $14,144-26% 3% $89,366 4% $88,47-1% 9% $3,328,657 3% $3,67,652 8% 9% $3,328,657 3% $3,67,652 8% -226% $274, % $549,488 1% Page 4 of 8

5 BALANCE SHEET TRENDS: The Balance Sheet, also known as a Statement of Financial Position, shows the accumulated financial results of all the years that an organization has been in operation, and consists of what the organization owns - its assets; what the organization owes - its liabilities; and the difference between its assets and liabilities its net assets or net worth. Assets Current assets Cash Receivables Prepaid expenses & other $417,32 $726,762 74% 381, ,418 27% 11,59 85,586-16% $1,263, , ,379 Total current assets 899,668 1,295,766 44% 1,646,454 27% Investments Fixed assets (net) 238,77 3,365,728 3,735,27 11% 3,681,755-1% Non-current assets 297,5 Total Assets FY 211 $4,81,63 FY 212 $5,3,973 5% FY 213 $5,328,29 74% -7% 177% 6% FY 214 $94,81 878,21 226,465 2,8, ,82,542 $5,829,49-28% 52% -5% 22% 4% 9% Liabilities & Net Assets Liabilities Current Liabilities Accounts payable & other Loans & other debt Deferred revenue FY 211 $39,5 28, ,852 FY 212 $52,97 56, ,484 FY % $14,886 98% 1% 59,685 6% -4% 593,469 21% FY 214 $61,61 63, ,314-41% 6% 1% Total current liabilities Non-current liabilities 58,45 576,173 6,75 4% 758,4 1,145,459 99% 1,1,861 26% -12% 776, ,49 2% -7% Total Liabilities $1,156,218 $1,746,164 51% $1,768,91 1% $1,72,313-3% Net Assets Unrestricted Temporarily restricted Permanently restricted 2,85, ,5 2,838,39 446,5 1% -47% 3,31,88 248,5 17% -44% 3,249, ,167-2% 246% Total Net Assets $3,645,385 $3,284,89-1% $3,559,38 8% $4,19,96 15% Total Liabilities & Net Assets $4,81,63 $5,3,973 5% $5,328,29 6% $5,829,49 9% Page 5 of 8

6 NON FINANCIAL INFORMATION Number of Contributors FY 211 FY 212 FY 213 FY 214 Individuals 1,26 1,686 34% 1,44-17% 1,231-12% Board % 36 % 35-3% Corporate % 27-1% 22-19% Foundation % 36 38% 29-19% Government % 7 4% 7 % Total Contributors 1,369 1,783 3% 1,51-15% 1,324-12% Space (Square Footage) FY 211 FY 212 FY 213 FY 214 Owned Space 28,955 28,955 % 28,955 % 28,955 % Rented Space 28,95 25,85-11% 25,85 % 25,85 % Attendance FY 211 FY 212 FY 213 FY 214 Total Paid Attendance 71,529 72,782 2% 77,63 7% 76,537-1% Physical 71,529 72,782 2% 77,63 7% 76,537-1% Total free attendance 8,22 9,443 15% 11,93 26% 13,819 16% Physical 8,22 9,443 15% 11,93 26% 13,819 16% Total Attendance 79,731 82,225 3% 89,56 9% 9,356 1% Children 18 and under 4,53 1, % 11,338 5% 13,655 2% Number of groups of children 18 and under % 16 22% % Number of other groups 172 Attendance - Classes/Workshops % 415 2% 53 28% Page 6 of 8

7 NON FINANCIAL INFORMATION (Continued) Subscribers & Members FY 211 FY 212 FY 213 FY 214 Paying Subscribers - Performance 6,186 6,762 9% 7,14 5% 6,472-9% Pricing FY 211 FY 212 FY 213 FY 214 Average Adult Price $3. $32. 7% $37. 16% $35. -5% Average Child Price % 13. 8% % Average Senior Citizen Price % 32. 7% 33. 3% Average Student Price % 7. 4% % Highest Single Price % % 45. % Lowest Single Price % % 27. % Median Price % 35. 9% 35. % Average Adult Tuition/Workshop Price Average Child Tuition/Workshop Price % Program Activity FY 211 FY 212 FY 213 FY 214 Live Productions - Self-Produced % 6-14% 7 17% Public Performances - Home % 326-5% % Classes/Workshops - for the public/constituents % 42 % 38-1% Lectures % 118-4% 111-6% Exhibition Openings % 6-14% 7 17% World Premieres 1 2 1% Local Premieres 3 3 % 4 33% 2-5% Works Commissioned 2 Workshops or readings of new works % Off-site School Programs % Facility Rentals - By your organization for your program use 1 Facility Rentals - By your organization for your non-program use 8 Facility Rentals - of your organization for another org's use 2 6-7% 9 5% 13 44% Page 7 of 8

8 NON FINANCIAL INFORMATION (Continued) Staff & Non-Staff Statistics FY 211 FY 212 FY 213 FY 214 Full-time Permanent Employees % 19. 6% % Part-time/Seasonal Employees % % % Part-time/Seasonal Empl. - FTEs % % % Part-time Volunteers % % 36. 2% Part-time Volunteers - FTEs % Independent Contractors % % % Independent Contractors - FTEs % % 7. 13% Interns/Apprentices % 12. 1% 18. 5% Interns/Apprentices - FTEs % 6. % % DESCRIPTIONS Below are the descriptions provided for questions that require additional information. REVENUE If Other Earned Revenue, Briefly Describe Royalty and Miscellaneous income EXPENSES Facilities - Other, Briefly Describe Fundraising Expenses - Other, Briefly Describe Office Expense - Other, Briefly Describe If Other, Briefly Describe Programs - Other, Briefly Describe computer services capital campaign expense, receptions & fundraising costs miscellaneous office expenses box office expense, miscellaneous outreach expenses Page 8 of 8