DACC/DDVB Financial Impact

Isaac Lee, Cindy Mack

2011 Budgets – Chamber/DDVB Stand alone organizations

Agenda LayoutPoints of Discussions

Intro to Meeting – Non profit organizations have been affected by the economy. This presentation is a proactive step towards minimizing those affects on our organizations.

What do we do? – Chamber/DDVB What have we done?

What do we bring to the table? – Chamber/DDVB Combined Resources

2011Budgets – Chamber/DDVB Collaborating and Working as one

Other Issues Roles, Staffing, Building, Other potential tenants

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CHAMBER• Creating a better understanding and

appreciation of the importance of business and a concern for their challenges.

• Educating the business community and representing them in city, county, state and national legislative and political affairs.

• Preventing or addressing controversies that are detrimental to expansion and growth of business and the community as they arise.

• Creating a greater appreciation of the value of a more liberal investment of substance and self on behalf of the interest of competitive business.

• Promoting economic growth designed to strengthen and expand the income potential of all business within the trade area.

• Promoting programs of a civic, social, and cultural nature which are designed to increase the functional and aesthetic values of the community.

• Discovering and correcting abuses which prevent the promotion of business and community growth

• Enhance the appearance of the Defiance Area through beautification, restoration, and historic preservation

• Provide educational and other services to strengthen and expand the economic base of Downtown and Defiance Area

• Promote business, events, and activities in the Defiance Area

DDVB

What we Do?Comparison of Missions - Amazing similarities

Chamber DDVB

Overlap

CHAMBER

• Coordinated Community Events

• Worked with City, County, ED office to encourage project and economic growth

• Facilitated Membership• Political advocacy• Played a role in Strategic

Plan Process• Help to create a business

friendly environment

• MainStreet Designation• Applied for and was grant

various grants for downtown development

• Administration of CDBG Funds

• Key role in Strategic Plan Process

• Assisted Northwest Ohio River Region

• Streetscape Project• Coordination of Community

Events

DDVB

What have we done?Progress

CHAMBER

• Income - $148,850• Membership - $94,000• Fundraisers - $54,850

• Expenses - $151,830• Operations - $81,860• Membership - $69,970

• We must expand our operations to grow the organization

• Income - $150,000• Funding - $105,000• Sponsorship - $20,000• Grant Admin. - $15,000• Fundraiser - $10,000

• Expenses - $150,000• Operations - $135,000• Market - $15,000

DDVB

2010 Budget per OrganizationCurrent Year Budgets

CHAMBER

• Strong Organization Foundation

• Strong Membership (500+)

• Capital Funds• Our Strong Network• Ability to Coordinate Events

• Track Record of Successes

• Annual Funds (Guaranteed Funds)

• Community Relations• 501c3 Status – Potential of Grant Funding

• Established Fundraising Events

DDVB

What do we bring to the table?Working together

CHAMBER• Income

• Increase Rent Income• Expenses

• No Rent• Utility expense would

remain similar in DDVB Building

• Office Expenses and Supplies shared

• Staff shared for various events

• Impact - $11,600 Savings with more to come

• Income• Refer to expense savings

• Expenses• No Utilities – Assumed by

DACC• Office Expenses and

Supplies shared• Staff shared for various

events• Impact - $10,800 Savings with

more to come

DDVB

2011 Budget - CollaborationWorking as one

The Core - Organization

Roles and Staffing

BuildingOther Potential Tenants

Other Issues2011