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OPEN HOUSE & HAPPY HOUR WITH THE BOARD Education Report - - PowerPoint PPT Presentation
OPEN HOUSE & HAPPY HOUR WITH THE BOARD Education Report - - PowerPoint PPT Presentation
OPEN HOUSE & HAPPY HOUR WITH THE BOARD Education Report Student Enrollment by Semester Teachers: James Rone M Ritchie Sean Dillon Breanna Cecile Kelsey McGregor John Gebretatose Katie Novak Jill Bernard Will Roberts Adam Iverson
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Student Enrollment by Semester
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James Rone Sean Dillon Kelsey McGregor Katie Novak Will Roberts Erik Nielson Denzel Belin Butch Roy M Ritchie Breanna Cecile John Gebretatose Jill Bernard Adam Iverson Lizzie Gardner Molly Chase Hannah Wydeven Teachers:
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TA’s : Phil Petersen Duck Washington Mara Emmons Pam Mazzone Mawrgyn Roper Lynn Hu Michael Rogers Ava Bird Kelly Sheehy Siri Hellerman Jackson Collins Emily Lindholm
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News & Financials
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Molly news
“I love you all. I look forward to seeing you around HUGE!
[note: see earlier blog, she has resigned effective 9/2/2018]
Meanwhile, here is a gift in the form of my true love language: financial data.”
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Financial Report
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2017 Income: $ 554,369 Expense: $ 513,826 NET: $ 40,543
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Did you see that $40,543 surplus?!
That’s an important part of
- ur plans for 2018-2019.
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But first, let’s take a closer look at 2017.
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2017 Expense: $513,826
Rent Staff Payroll
Artists & Teachers
Pro Services Occupancy Mktg Fees
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Contributed 32% Earned 61%
Sales [net] 7%
2017 Sources of Income
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Foundation 17% Gov't 18% Individual 63%
2017 Sources of CONTRIBUTED Income (2% corporate)
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Thank you to our monthly Friends of HUGE! Your donations and
- ther individual
donations keep us going!
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Ticket Sales 51% Education 44%
Corporate 1% Rentals 4%
2017 Sources of EARNED Income
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Ticket Sales by Month
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2018 Financials
(Brace yourself. The first half of the year is always the scariest.)
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January – June 2018 Income: $ 262,441 Expense: $ 304,864 NET: - 42,423
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Our monthly expenses are steady, but our income is seasonal.
Slower ticket sales in summer Improvathon is in November
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We’re on track toward
- ur budget for 2018:
Income: $ 610,117 Expense: $ 597,994 NET: $ 12,123
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Financial strategy news: In 2018, we budgeted to make overdue investments in our staff.
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We are finally reaching market rate for salaried employees:
Executive Director Education Director Artistic Director Managing Director
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1000 2000 3000 4000 5000 6000
Pay per month
Salaried Employees' Monthly Earnings (2010-2018)
Exec Dir. & Education Dir. Artistic Dir. Managing Dir.
2010 2018
From 2010-2017, salaries were flat.
$0 for first19 months $400-$1000 for 2 years $400-$2000 for 5 years
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Now, as of 2018: Executive Director (Full Time)
$43,000/year
Education Director (Full Time)
$43,000/year
Artistic Director (20 hrs/wk)
$21,500/year
Managing Director (30 hrs/wk)
$16,800/year
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This is great news! To be sustainable, HUGE must pay market rate for
- staff. This is a major a
milestone.
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But how will we pay for this investment?
We budgeted for increases in 2018. We may draw on some of our cash reserves in 2019. Long term, full staffing will help us raise more earned and contributed income from all sources.
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1. We’ll keep adjusting all staffing (hourly and salaried) upward to keep pace with the market and minimum wage requirements.
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- 2. Part of our challenge ahead is
to build up our ability to run a capital campaign. This also includes updating our member program. (In-progress, thanks for your feedback and your patience!)
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That’s it for the financial
- report. Thank you!
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