ANNUAL MEMBER MEETING Managing Director’s Report OCTOBER 14, 2014 ● 6:30 PM OCEAN COUNTY...
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ANNUAL MEMBER MEETING Managing Director’s Report OCTOBER 14, 2014 ● 6:30 PM OCEAN COUNTY COLLEGE, TOMS RIVER 59 th anniversary season
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Transcript of ANNUAL MEMBER MEETING Managing Director’s Report OCTOBER 14, 2014 ● 6:30 PM OCEAN COUNTY...
ANNUAL MEMBER MEETINGManaging Director’s ReportOCTOBER 14, 2014 ● 6:30 PM
OCEAN COUNTY COLLEGE, TOMS RIVER
59th anniversary season
serving more than 22,000 annually
Multi-year Management Focus
Solvency Visibility Community
Increasing focus on the bottom line…5 years of local economic decline
Balanced with sustained support
Keeping accumulative shortfall low
Results from FY14 audit once completed are expected to reduce the short-fall to $12k
Earned revenue 2013 2012
Contracted Services $ 18,400.00
$ 24,010.00
Ticket Subscriptions $ 31,859.00
$ 26,508.00
Concert Revenue/Single Tickets $ 57,378.00
$ 23,434.00
Membership Fees (Chorus/GSPYO) $ 15,653.00
$ 15,125.00
Miscellaneous $ 138.00
$ -
Merchandise & Novelty Sales $ 1,504.00
$ 1,605.00
Interest Income $ 49.00
$ 407.00
TOTAL EARNED REVENUE $ 124,981.00
$ 91,089.00
Support:
Donated Rental Space $ 15,330.00
$ 28,080.00
Private Foundations $ 66,010.00
$ 51,000.00
Individual Contributions $ 16,739.00
$ 30,610.00
Corporate Funding $ 32,249.00
$ 1,400.00
TOTAL SUPPORT $ 130,328.00
$ 111,090.00
Government Grants $ 37,817.00
$ 37,742.00
Special Events/Fund-raising $ 29,837.00
$ 43,238.00
TOTAL REVENUE $ 322,963.00
$ 283,159.00
EXPENSES
Program Services $ 197,141.00
$ 155,314.00
Management & General* $ 103,679.00
$ 105,192.00
Fund-raising $ 29,262.00
$ 33,558.00
TOTAL EXPENSES $ 330,082.00
$ 294,064.00
DECREASE IN NET ASSETS $ (7,119.00)
$ (10,905.00)
NET ASSETS, BEGINNING OF YEAR $ (10,793.00)
$ 112.00
NET ASSETS, END OF YEAR $ (17,912.00)
$ (10,793.00)
*Includes Artistic Staff Compensation
Revenue Trends
Expenses Tied to Ups and Downs of RevenueFY12, FY13, FY14 ACTUAL – FY15 Budgeted
SlowPositiveConservative
Reworking internally with minor shifts
Major changes will be directly tied to the receipt of new funding not committed to meeting the core budget
SlowPositiveConservative
Reworking internally with minor shifts
Major changes will be directly tied to the receipt of new funding not committed to meeting the core budget
Affordably reaching more… GardenStatePhilharmonic.org
“
”I look forward to receiving something by mail…
ANONYMOUS PATRON
Community…
Volunteers Talks Partnerships
our future depends on our continued involvement and support(732) 255-0460 ● GardenStatePhilharmonic.org ● [email protected]
60th Anniversary Planning Committee
Legacy Campaign Committee - Preliminary Goal - $350,000• Cash Reserve/Business Line of Credit• Marketing/Visibility • GSPYO Scholarships• Technology Integration• Human Capacity Building
Possible considerations for the Campaign…• Endowing specific musician chairs• Naming/renaming opportunities of programs
???
The Orchestra-in-Residence at Ocean County College
THANK YOUfor your continued interest and support of the Jersey Shore’s premiere professional orchestra
