WELCOME! BOARD MEETING | F EBRUARY 23, 2018 ADVISORY & VOTING - - PowerPoint PPT Presentation

BOARD MEETING | FEBRUARY 23, 2018

WELCOME!

BOARD MEETING | FEBRUARY 23, 2018

ADVISORY & VOTING MEMBERS | CALL TO ORDER

BOARD MEETING | FEBRUARY 23, 2018

CONSENT AGENDA

VOTING DIRECTORS TO APPROVE CONSENT AGENDA

Review of Minutes and Reports from November 17, 2017 Board Meeting

MISSION MOMENT

BOARD MEETING | FEBRUARY 23, 2018

BOARD MEETING | FEBRUARY 23, 2018

2017 AUDIT

PRESENTATION: ATKINSON & CO.

BOARD MEETING | FEBRUARY 23, 2018

STRATEGIC PLAN PRESENTATION

2018-2021 STRATEGIC PLAN AREAS

PLANNING PROCESS REVIEW MISSION & VISION CULTURE & GUIDING PRINCIPLES BUDGETS FIVE AREAS OF THE PLAN & OBJECTIVES GANTT TIMELINE KEY INDICATORS RESPONSIBILITIES NEXT STEPS

PREVIEW SESSIONS (2)

Catherine Allen, Committee Chair Kathryn Coleman, ad hoc, Board Chair Carnell Chosa, Committee Member Sarah Manges, Committee Member Rick Porter, Finance Chair and Committee Member Keith Recker, Creative Director and Committee Member Jeff Snell, IFAM CEO Courtney Finch Taylor, Committee Member (2018) IFAM Board Committee Chairs Senior IFAM Staff

STRATEGIC PLANNING COMMITTEE

PLANNING PROCESS: 1 OF 3 December 2016: Approval of timeline, planning process, committee members, components of plan January 2017: Staff meeting with Chair, CEO, Board Chair February 2017: Board Committee Chairs and Members meeting with staff for first discussion session April 2017: Board Committee Chairs as needed, Board Committee, Staff as needed, CEO, Board Chair, Committee Chair for second discussion

2018-2021 STRATEGIC PLAN

PLANNING PROCESS: 2 OF 3 August 2017: Committee Chair and Members, Board Chair, IFAM CEO and Senior Staff and others as needed for third discussion and lessons learned from Dallas and Santa Fe Markets; first draft of plan September 2017: Committee Chair, CEO and Senior Staff; Board Chair and others as needed to revise plan September 2017 Board Meeting: Full Board update November 2017 Board Meeting: Full Board receives

• verview of plan and Gantt timeline

2018-2021 STRATEGIC PLAN

PLANNING PROCESS: 3 OF 3 January & February 2018: Board previews (2) February 19, 2018: Reminder via email with BOD meeting materials; also, hard copies sent to voting Directors. February 23, 2018: Board presentation for approval

2018-2021 STRATEGIC PLAN

NEXT STEPS Implement: February 2018-November 2021; MarComm begins refinement for dissemination Monitor: Quarterly by CEO & Senior Staff, and Board Chair, Vice-Chair, and Treasurer, leading to annual budgeting process to allocate & recalibrate Report: November annual Board meetings, including comprehensive progress reports using the metrics identified

2018-2021 STRATEGIC PLAN

VISION: NO PROPOSED CHANGES

THE INTERNATIONAL FOLK ART MARKET ENVISIONS

A WORLD THAT VALUES THE DIGNITY AND HUMANITY OF THE HANDMADE, HONORS TIMELESS CULTURAL TRADITIONS, AND SUPPORTS THE WORK OF FOLK ARTISTS SERVING AS ENTREPRENEURS AND CATALYSTS FOR POSITIVE SOCIAL CHANGE.

MISSION

THE MISSION OF THE INTERNATIONAL FOLK ART MARKET

IS TO …

PROPOSED:

CREATE ECONOMIC OPPORTUNITIES FOR AND WITH FOLK ARTISTS WORLDWIDE WHO CELEBRATE AND PRESERVE FOLK ART TRADITIONS.

EXISTING:

CELEBRATE AND PRESERVE LIVING FOLK ART TRADITIONS AND CREATE ECONOMIC OPPORTUNITIES FOR AND WITH FOLK ARTISTS WORLDWIDE.

OPERATING CULTURE: INTERNAL

IFAM embraces these guiding principles for our internal operations as fundamental to our success, and we welcome partners who work similarly. Celebration: We honor the wonderful human relationships that are at the center of all we do, providing us the privilege of experiencing beauty and joy through the artists’ journeys and the efforts of our partners around the world. Vision: We walk alongside artists as invited, co-creating economic

• pportunities that lead to improving the well-being of entire communities

as the artists so aspire. This shared lens is how we see our work today and motivates our continuous improvement.

IFAM embraces these guiding principles for our internal operations team as fundamental to our success, and we welcome partners who work similarly. Gratitude: We are thankful for every gift of time, talent and treasure and endeavor to make our work together as impactful as possible. Respect: We hold in the highest regard each volunteer, donor, customer and staff member, and honor those who share our work.

OPERATING CULTURE: INTERNAL

IFAM embraces these guiding principles for our internal operations as fundamental to our success, and we welcome partners who work similarly. Inclusivity and Diversity: We are committed to providing a welcoming and gracious environment across all programs for people of all backgrounds, and we honor intercultural exchange and understanding as foremost to our global work. Entrepreneurship: We seek to leverage every asset available to us to co- create valuable experiences that benefit artists and their communities.

OPERATING CULTURE: INTERNAL

IFAM embraces these guiding principles for our internal operations as fundamental to our success, and we welcome partners who work similarly. Integrity: We invite feedback and exercise transparency in our work as a matter of mutual trust, individual growth and organizational practice. Learning: We embrace creativity as essential, innovation as necessary, and excellence as our standard as we strive to continuously improve our shared pursuit of the IFAM mission.

OPERATING CULTURE: INTERNAL

ORGANIZATIONAL CULTURE: EXTERNAL

IFAM aims to add value to the efforts of external partners aligned with our mission and vision.

• IFAM strives to think innovatively, work diligently, co-

create value across the artisan sector, and change the world through folk art.

• IFAM welcomes partners who share this outlook so we

can learn and work together to achieve more positive social change globally.

2018 BUDGET

AND

PROJECTIONS FOR 2019 AND 2020

$1,287,819 $935,824 $291,366 $186,800 $126,110 $326,142

FY18 TOTAL EXPENSES: $3.154M

Salaries, Payroll Taxes & Benefits SF Market /SF Market Artist Logistics/ Ambiance / Volunteers Advancement Marketing & Communications Artist Development / Community Outreach/Selection & Placement Other (Facilities, non-payroll Overhead, Board, Pop-Ups, Outreach Mkts)

WHAT DOES MANAGEMENT PROJECT FY2019? $3.335M Budget 5.7% increase—or $181K—over FY2018 (roughly $100K via contributions & the balance via earned) Where will the money go?

$1,390,845 $973,257 $303,021 $194,272 $131,154 $342,449

FY19 PROJECTED EXPENSES: $3.335M

(5.7% INCREASE, or $181K, OVER FY18)

Salaries, Payroll Taxes & Benefits ($1.288M + 8%) SF Market /SF Artist Logistics/ Ambiance / Vols ($936K + 4%) Advancement ($291K + 4%) Marketing & Communications ($187K + 4%) Artist Dev/ Cmty Outreach/Selection & Placement ($126K + 4%) Other ($326K + 5%)

WHAT DOES MANAGEMENT PROJECT FY2020? $3.511M Budget 5.3% increase—or $176K—over FY2019 (roughly $100K via contributions & the balance via earned) Where will the money go?

$1,502,113 $1,002,455 $312,112 $200,100 $135,089 $359,571

FY20 PROJECTED EXPENSES: $3.511M

(5.3% INCREASE, or $176K, OVER FY19)

Salaries, Payroll Taxes & Benefits ($1.391M + 8%) SF Market /SF Artist Logistics/ Ambiance / Vols (3%) Advancement (3%) Marketing & Communications (3%) Artist Dev/ Cmty Outreach/Selection & Placement (3%) Other ($342K + 5%)

WHAT WOULD MANAGEMENT DO WITH INVE$TMENT TO FINANCE SISTER MARKETS? aka “If I Had a Million Dollars” to put IFAM in the driver’s seat, where would the money go? Rough guesstimate of allocation: PERSONNEL & TOOLS 33% $331,000 MARKETING 33% $331,000 ARTIST DEVELOPMENT 14% $138,000 VIP EVENTS/FUNDRAISING 10% $100,000 AMBIANCE 5% $ 50,000 OTHER 5% $ 50,000

$1,657,310 $1,064,823 $385,866 $548,862 $274,686 $389,126

PROJECTED FY19 BUDGET: $4.321M INCLUDES $1.0M INVESTMENT

Salaries, Payroll Taxes & Benefits SF Market /SF Market Artist Logistics/ Ambiance / Volunteers Advancement Marketing & Communications Artist Development / Community Outreach/Selection & Placement Other (Facilities, non-payroll Overhead, Board, Pop-Ups, Outreach Mkts)

For Discussion Purposes Only

PLEASE SEE GANTT CHART FOR OBJECTIVES AND TIMELINES

KEY INDICATORS: 2018-2021 STRATEGIC PLAN

• Augment IFAM Brand

–Excellent Flagship & Sister Market Experiences for Customers & Artists –Caché Across Global Artisan Sector

• Increase Organizational Stability

–Operationally –Financially

• Enhance Artist Relationships

–As Partners in Expanded Opportunities –Co-Create Value via Education/Development

• Strengthen Volunteer Engagement

–Recognize and Celebrate Significance –Build for the Future

KEY POSITIONING: CULTURE TRACK 2017 FINDINGS

IFAM’s Secret Sauce vs. Click Transactions Transforming Perspectives of Culture (research by LaPlaca Cohen):

• Building Community: Bringing people together who may not think

they have much in common.

• Educating the Public: Broadening horizons, understanding of life

and situations, and helping to learn about other peoples of the world.

• Fostering Empathy: Bringing people together from many different

backgrounds, cementing that our world is better for diverse cultures.

• Loyalty: Rooted in trust, consistency, kindness, and empathic,

service-focused relationships . . . which will replace transactional models.

• "SROI” or Social Return on Investment: Cultural philanthropy will

be interest-tailored and impact-driven, with greater emphasis on SROI.

KEY DELIVERABLES: 15TH ANNIVERSARY MARKET

• Excellent Market!
• Anniversary Logo: Art + Impact
• Folk Art Matters Lecture Series, Feb-July
• Spring HQ Sales Events:

–Made to Measure, Eileen Fisher

• Spring Social Media Campaigns:

–#WearYourImpact (Feb-April) –#MyFavoriteThings (April-July)

• Stanford Social Entrepreneurship Lecture, July
• One World Dinner, July
• Opening Night Value Added Activities

–Urban Zen / D. Karan Styling

• Commemoratives: Publication & Prosecco
• Gala & Campaign Kickoff, September

NEXT STEPS

Implement: February 2018-November 2021. MarComm team to begin next month a refinement process for dissemination. Monitor: Quarterly by CEO & Senior Staff, and Board Chair, Vice-Chair, and Treasurer, leading to annual budgeting process to allocate & recalibrate. Report: November annual Board meetings, including comprehensive progress reports using the metrics identified.

DISCUSSION (FORMAL VOTE TO FOLLOW IN CLOSED SESSION)

VISION: NO PROPOSED CHANGES

THE INTERNATIONAL FOLK ART MARKET ENVISIONS

A WORLD THAT VALUES THE DIGNITY AND HUMANITY OF THE HANDMADE, HONORS TIMELESS CULTURAL TRADITIONS, AND SUPPORTS THE WORK OF FOLK ARTISTS SERVING AS ENTREPRENEURS AND CATALYSTS FOR POSITIVE SOCIAL CHANGE.

MISSION

THE MISSION OF THE INTERNATIONAL FOLK ART MARKET

IS TO …

PROPOSED:

CREATE ECONOMIC OPPORTUNITIES FOR AND WITH FOLK ARTISTS WORLDWIDE WHO CELEBRATE AND PRESERVE FOLK ART TRADITIONS.

EXISTING:

CELEBRATE AND PRESERVE LIVING FOLK ART TRADITIONS AND CREATE ECONOMIC OPPORTUNITIES FOR AND WITH FOLK ARTISTS WORLDWIDE.

BOARD MEETING | FEBRUARY 23, 2018

MARKETING & COMMUNICATIONS COMMITTEE

15TH ANNIVERSARY PLANS PRESENTATION BY UNM STUDENTS & DR. MANUEL MONTOYA COMMITTEE REPORTS

BOARD MEETING | FEBRUARY 23, 2018

ARTIST DEVELOPMENT & SOCIAL IMPACT COMMITTEE

UPDATES: IFAM 2018 ARTISTS AND DEFINING IMPACT COMMITTEE REPORTS

BOARD MEETING | FEBRUARY 23, 2018

FINANCE COMMITTEE

RECENT FINANCIALS COMMITTEE REPORTS

BOARD MEETING | FEBRUARY 23, 2018

ADVANCEMENT COMMITTEE

RECENT DEVELOPMENTS COMMITTEE REPORTS

BOARD MEETING | FEBRUARY 23, 2018

FACILITIES COMMITTEE

SETTLING IN THE NEW HEADQUARTERS: NEXT STEPS COMMITTEE REPORTS

BOARD MEETING | FEBRUARY 23, 2018

POLICY, ADMINISTRATION & ETHICS

PROPOSED AMENDMENT TO BY-LAWS COMMITTEE REPORTS

BOARD MEETING | FEBRUARY 23, 2018

MARKETS & ENTERPRISE COMMITTEE

UPDATE: ARLINGTON 2018 & SELECTION OF SISTER MARKETS COMMITTEE REPORTS

BOARD MEETING | FEBRUARY 23, 2018

REPORT OF THE CHIEF EXECUTIVE

THE YEAR AHEAD & PLANNING FOR A COMPREHENSIVE CAMPAIGN

BOARD MEETING | FEBRUARY 23, 2018

REPORT OF THE BOARD CHAIR

NEW BUSINESS

BOARD MEETING | FEBRUARY 23, 2018

EXECUTIVE SESSION (AT THE CHAIR’S DISCRETION)

BOARD MEETING | FEBRUARY 23, 2018

ADJOURNMENT THANK YOU!

BOARD MEETING | FEBRUARY 23, 2018

VOTING MEMBERS | CALL TO ORDER

BOARD MEETING | FEBRUARY 23, 2018

CONSENT AGENDA

VOTING DIRECTORS TO APPROVE CONSENT AGENDA

Review of Minutes and Reports from November 17, 2017 Board Meeting

BOARD MEETING | FEBRUARY 23, 2018

2017 AUDIT

APPROVAL OF FINDINGS OF THE 2017 AUDIT

BOARD MEETING | FEBRUARY 23, 2018

STRATEGIC PLAN

APPROVAL OF IFAM STRATEGIC PLAN, 2018-2021

BOARD MEETING | FEBRUARY 23, 2018

FINANCE COMMITTEE

APPROVAL OF REPORTS

COMMITTEE REPORTS

BOARD MEETING | FEBRUARY 23, 2018

ADVANCEMENT COMMITTEE

APPROVAL OF NEW GIFTS

COMMITTEE REPORTS

BOARD MEETING | FEBRUARY 23, 2018

POLICY, ADMINISTRATION & ETHICS COMMITTEE

APPROVAL OF PROPOSED AMENDMENT TO BY-LAWS

COMMITTEE REPORTS

BOARD MEETING | FEBRUARY 23, 2018

REPORT OF THE CHIEF EXECUTIVE

UPDATE ON PLANNING FOR NEXT COMPREHENSIVE CAMPAIGN

BOARD MEETING | FEBRUARY 23, 2018

REPORT OF THE BOARD CHAIR

NEW BUSINESS

BOARD MEETING | FEBRUARY 23, 2018

EXECUTIVE SESSION (AT THE CHAIR’S DISCRETION)

BOARD MEETING | FEBRUARY 23, 2018

ADJOURNMENT THANK YOU!