2008 portfolio presentation
Post on 16-Nov-2014
487 Views
Preview:
DESCRIPTION
TRANSCRIPT
vibrant
valuable
vulnerable
vibrant valuable vulnerable
consumer price index 1995-2005
vibrant valuable vulnerable
cultural growth 1995-2005
28%
49%
76%
Consumer Price IndexGreater Philadelphia
Portfolio organizationsAll Southeastern PA
Portfolio organizations4 suburban counties
vibrant valuable vulnerable
suburban cultural growth 1995-2005
employment 1995-2005full time employment kept pace or exceeded regional averages
vibrant valuable vulnerable
1995 2005
Part-timeFull-time
employment 1995-2005part-time employment saw the greatest growth
+9%
+98%
vibrant valuable vulnerable
health insurance costs paid by employer
vibrant valuable vulnerable
84% 84% 88%73%
14%
Average for allU.S. employers
Very Large Large Medium Small
3 performances an hour
13 tours per day
777 events every week
15 million total visits per year
vibrant valuable vulnerable
valuable…
43,000 paid and volunteer positions
vibrant valuable vulnerable
24,000 volunteers
vibrant valuable vulnerable
vibrant valuable vulnerable
45% of income is contributed
every fundraising $1 $9
1995 2005
Contributed Income
Earned Income
52% income growth
vibrant valuable vulnerable
the arts are a bargain
vibrant valuable vulnerable
affordable…
…and accessible
vibrant valuable vulnerable
vulnerable…
operating margins remain thin
1995 2005
Operating Margin
Total Expenses
3%
5%
vibrant valuable vulnerable
40% of cultural organizations operate at a deficit
vibrant valuable vulnerable
0%
25%
50%
75%
100%
Small Medium Large Very Large
Contributed
Earned
contributed to earned income
vibrant valuable vulnerable
foundation support as percentage of total revenue
0%
5%
10%
15%
20%
25%
30%
Small Medium Large Very Large
vibrant valuable vulnerable
investment income as percentage of total revenue
0%
5%
10%
15%
20%
25%
30%
Small Medium Large Very Large
vibrant valuable vulnerable
1995 State & Federal support
vibrant valuable vulnerable
2005 State & Federal support
vibrant valuable vulnerable
vibrant
valuable
vulnerable
vibrant valuable vulnerable
implicationsMarket forces
–Slim margins–Pressure on all income streams–Increasing specifications of funders–“It’s the economy, …”
Workforce development–Rising benefits costs – health insurance for small companies–“Move over to Move up” syndrome–Large part-time workforce–Difficult to overcome perception of high personnel costs
vibrant valuable vulnerable
implications
Building maintenance–Utilities costs–Large number of historical sites–Capital campaigns for cultural facilities
Consumer patterns–Shifts in ticket purchasing?–Generational differences–Demographic changes
vibrant valuable vulnerable
action steps
Support the Cultural Community–Use research–Become an arts advocate–Integrate culture into other activities–Deepen your engagement with individual organizations
This publication was made possible by PNC and the William Penn Foundation. Additional support was provided by the Dolfinger-McMahon Foundation.
top related