September 22,2016 SCF Lakewood Ranch Campus - 3:30PM
Call to Order Public Comment
CONSENT: BOD Meeting Minutes 5-19-16 Acceptance of Gifts Financials & Executive Summary as of 6-30-16 Scholarship Report Development Report Committee Meeting Minutes Audit: 6-15 Finance: 6-22 & 8-11 Asset Management: 5-11; 8-24 Avenues Committee Report Ad Hoc Committee Meeting
Title Title I III G Gra rant t ◦ What is it and Why is it Important to SCF Students? Student Success Measures Retention Time to Completion Securing Employment SCF F Facu culty Vote Vote to to Unio ioniz ize 5-Yea ear St Strategi gic P c Plan R Ref eflec ections & & Progress th Anniv 60 th ivers rsary ry K Kick-Off Off ◦ Year Long Celebration
Lo Lois Lu Lucek ek Sarasota Me Ment ntor r – Pa Pam S Swain Vic ictori ria St Stult ultz Venic nice Me Ment ntor r – Dor Dorot othy Korze rzen
Erica Wuoiro, Alumni Coordinator Wuorio joined the Foundation in June. She was previously with the Alumni Relations department at the University of New Hampshire, where she graduated with a Bachelor of Arts in communication. She also has experience with fundraising for High Point University in North Carolina.
June Phillips, Foundation Specialist June Phillips, Foundation Specialist, “Director of First Impressions” You may have seen June at LWR where she worked for the last 6 years. June, a Maine native, relocated to Bradenton with her husband in 2009. She has a background in development and customer service and is happily making the Foundation her new home.
President/Chair: Cathy Kuhlman Vice President/Vice Chair: Mike Fuller Treasurer: Lisa Bristow Secretary: Cassandra Holmes
SCF-Foundation.org
Please sign and leave with Brenda
Chri ris Pfahler, r, Presid ident ◦ Ceremonial “Passing of the Gavel” to Cathy Kuhlman ◦ Representing Venice Region Ed N Nich ichola olas, Governance & Ad Hoc Committee ◦ Term Expires 9/30/2016 ◦ Representing Bradenton Region
Monday, October 24 th M&J Auditors Begin Thursday, November 3 rd , Audit Draft Completed by M&J Wednesday, November 9 th , Audit Committee with M&J Auditors to discuss 1 st Draft ◦ Modifies, Implement Changes, & Start 990 Prep Monday, November 21 st , Audit Committee to review 990 Wednesday, y, N Nove vembe ber 3 30 th th , SCFF Boa oard of of Direct ctors r rev eview both Au Audit an and 9 990 90 ◦ Motion to approve audit/990, seek BOT approval, & Publish th to A ◦ BO BOT M T Meetin ing D December 6 th to App pprove
BOD Meetings/Retreats: 11/30/16; 1/25/17; 3/30/17; 5/17/17; 9/14/17 Asset: 10/19/16; 1/18/17; 4/19/17; 6/21/17 Audit: 11/9/16; 11/21/16 Finance: 10/26/16; 1/5/17; 3/1/17;6/7/17 Major Events: 2017 Avenues Committee-2/25/2017 2017 Evening Committee-4/1/2017
Recommending an Effective Rate of 4.15% ◦ Prior Year – 4.6% ◦ Mot otion to to App pprove 6-Year Portfolio Performance – Handout
Goa Goal l - $2.0M $2.0M
100% Participation NEW Target $4,000 per BOD Member $48,000 Total BOD Members: 12 ◦ Does NOT Include Trustee Hager & Dr. Probstfeld ◦ Have added two new board members Lois Lucek & Victoria Stultz
SCENE Magazine $8,600 – Corbus Additional Gifts Event Revenue Increases Sarasota Magazine & Biz 941$2,600 24-Hour Giving Challenge & Guide to Giving Observer Season, full page $1,995 Event Revenue Increases INSPIRE Magazine, $13,285 Individual Donor Gifts Miscellaneous Other, $10,000 Alumni Give Aways Graduation/T-Shirts Scholarship Luncheon College Pieces, $0 Strategic Plan Brochure Fact Book (Large & Small) SCF Music Brochure and Playbill
Commun unity A Aware reness: Sarasota Orchestra Program Ad ½ page $2,819 Orchestra Pops FREE $0 Orchestra Music Fest FREE $0 Asolo Theatre Program Ad ½ page $3,371 WC Black Theatre Program Ad ½ page $665 SWFL Guide to the Arts $627 Sarasota Opera, ½ page winter $1,485 Sarasota Ballet & DNG Program in-kind $0 SCENE Magazine $8,600 Sarasota Magazine & Biz 941$2,600 Observer Season, full page $1,995 INSPIRE Magazine, $13,285 Miscellaneous Other, $5,000
Advertising Media 31%: $18,000 Radio Advertising 38%: $22,800 Web/On-Line 17%: $10,200 Social Media 7%: $4,200 Internet 3%: $1,800 Other 5%: $3,000 Total: $60 60,000 00
Multi ti-Channel el M Marke keting Collabor orati ating with College/Foundation Media Purchases ◦ Getting Better Prices – Saving $$$$ Wh Why R Rad adio? $22, 2,800/ 0/38% 8% ◦ WSRZ 107.9 – Jones & Crane in the Morning Show 146,200 Listeners Great Negotiated Rate ◦ Plus Other Possibilities
in $000 2016-17 % 2016-17 Budget vs Budget vs 2016-17 2015-16 2015-16 2015-16 Budget Projected Projected Projected Revenues Investment Income 1,750 2,061 (311) -15% Net Realized and Unrealized Losses 1,750 1,790 (40) -2% Special Events 440 440 0 0% Other Income 30 30 0 0% Total Revenue 3,970 4,321 (351) -8% Support Individual, Corporations, Foundations, and Others 2,000 1,900 100 5% Total Support 2,000 1,900 100 5% Total Revenues & Support 5,970 6,221 (251) -4% Expenses Program Services Scholarships 1,473 1,728 (255) -15% Enhancements 542 642 (100) -16% Personnel 264 248 16 6% Contract Services 55 0 55 0% Institutional Support (Lobbying) 52 50 2 4% Other 35 35 - 0% Total Program Services 2,421 2,703 (282) -10% General and Administrative - Personnel 150 132 18 14% Marketing 60 28 32 114% Contract Services 25 66 (41) -62% All other G&A 41 37 4 11% Total General and Administrative 276 263 13 5% - Fund Raising - Personnel 186 148 38 26% Contract Services 100 100 - 0% Professional Fees for Events 19 20 (1) -5% All Other 17 17 - 0% Total Fundraising 322 285 37 13% Total Expenses 3,019 3,251 (232) -7% Increase(Decrease) in Net Assets Before Change in Value 2,951 2,970 19 -1%
DASHBOARD 2015-2016 As of 9/16/2016 - Unaudited FY Targets FY Actuals FY Variance Var. Percentage Individuals $ 608,000.00 36% $ 612,492.00 33% $ 4,492.00 1% Foundations $ 513,000.00 30% $ 738,337.00 39% $ 225,337.00 44% Corporations & Organizations $ 779,000.00 46% $ 532,530.00 28% $ (246,470.00) (32%) TOTALS $ 1,900,000.00 $ 1,883,359.00 $ (16,641.00) (1%)
100% Participation & Engagement ◦ Events/Board Meetings/Financial Goal/PLUS-PLUS SCFF CFF GI GIVE O OR GO GO GE GET GO GOAL ◦ EXCEED EEDED ED G Goal al by $1,000 per Board Member $4,200 vs. $3,200 per Board Member 100% Participation on 24-Hour Giving Challenge ◦ Board of Trustees ◦ Board of Directors
With y h your ur he help, we we SURP RPASSED O OUR R $18, $18,000 00 GOAL! the he S SCF F Found undation n raised $26,250 i in n unm unmatche hed f fund unds, and nd $31,725 $31, 25 in ma matc tching mon g money THAT' T'S A TOTA TAL O OF $57, 57,97 975! 5! Inc ncluding ng p prizes, che hecks a and nd dona nations ns t thr hroug ugh t h the he Found undation we website, we we raised over $60, $60,000 00 in 24 H 24 HOURS RS! The e SCF F Foundation w was honored ed t to participate i e in the e Giving C Challen enge, e, a and i if you missed t ed the e ex excitem emen ent l lea eading up the 24 hou ours, p ple lease vis visit it a and "lik "like" ou our Facebook p pages (S (SCF A Alu lumni A Assoc ociation, S Sta tate C Colle ollege of of Flo lorida Fou oundation, I Inc.) a and vie view t w the vid videos t that s t showc wcase t the many dif ifferent wa ways you ou can g giv ive b back t to o th the Sta tate C Coll ollege of of F Flor lorida. We ca can't t tha hank y you enough f for y your ur s sup upport of o our s students!
As of 5/10/2016 - Unaudited Item Description Campus Date Target Actuals Variance Var. Percentage Avenues des Artistes SCF Bradenton 2/20/2016 $ 93,000.00 $ 91,662.00 $ (1,338.00) (1%) Evening Under the Stars SCF Venice 4/9/2016 $ 111,621.00 $ 112,500.00 $ 879.00 1% Sundays @ Neel SCF Bradenton December $ 86,000.00 $ 91,961.00 $ 5,961.00 7% UF Engineering Den/Advisor SCF Venice Fall 2017 $ 200,000.00 $ - $ (200,000.00) (100%) Library Learning Center SCF Bradenton Fall 2017 $ 1,000,000.00 $ 365,000.00 $ (635,000.00) (64%) Studio of Performing Arts SCF Bradenton Fall 2017 $ 3,500,000.00 $ 10,000.00 $ (3,490,000.00) (100%) Health & Human Performance Center SCF Bradenton Fall 2017 $ 6,000,000.00 $ - $ (6,000,000.00) (100%) Grand Total $10,990,621 $671,123 $ (10,319,498.00) (94%)
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