abc budget presentation
DESCRIPTION
This was the main project for our Budget and Finance class. This is the companion presentation to the huge document we compiled which includes spreadsheets and the like. We invented an organization and pulled info from an existing org to launch fromTRANSCRIPT
Carollei McMillin CEO Janet McGraw DE Joyce Wang CFO
FY 2013 Budget Presentation
Arts For A Better Community
Providing essential opportunities through the arts for children and families of Ward 8 to increase cultural awareness while building a healthy, sustainable community.
Dance • Drama• Music • Visual Arts •Functional Arts • Artisans • Crafts
+ Goals & Assumptions
Assumptions 2% cost of living increase 3% increase in inflation 3% increase in earned and contributed income
Main Organizational Goals:
Artistic Development Goals:
Develop new and maintain current partnerships with artists and other organizations in the community
Arts Education Goal:
Initiate the artisan-‐‑focused track within the SEAL program to parallel the fine arts series
+ 2013 Projected Income
Individual donations are the bulk of our income. The generosity of the community members, the board, and our partners within the community is essential for the continued growth of ABC.
+
Programs 82%
Fundraising 11%
Support Services 6%
Capital Budget 1%
2013 Projected Expenses
The majority of our expenses are aXributed to our amazing programs. Partnerships within the community along with board involvement help keep ABC’s mission focused and on target.
+ Development Plan
+
Donor Pyramid
1 $50K-99,999
2 $25K-49,999
5 $15,000-24,999
10 $10,000-14,999
22 $5,000-9,999
60 $1,000-4,999
400 $1-999
Direct Mail Campaign
Total cost of each student: $2,652
Between three and five donors at this level cover the cost of one student
One donor at this level will cover the cost of 27 students
One donor at this level will cover the cost of 5 students.
Development Plan
Foundation Support Amount
Requested
Amount Expected
Foundation Amount Requested Amount Expected
DEF $414,403
Donald de Laski & Nancy L. de Laski Foundation
$100,000 $90,000
The Morris & Gwendolyn Cafritz Foundation
$65,000 $45,000
Capital Fund for Children $50,000 $40,000
Meyer Foundation $50,000 $40,000 The Jacob & Charlotte Lehrman Foundation
$50,000 $30,000 +
Corporate Support
+
• $35,603
Capital One Bank
• $23,000
NBC Universal
• $20,000
*Ford Motor Company
• $12,000
*YAMAHA
• $10,000
Salamander Hospitality
Total: $100,603
*Ford Motor Company and YAMAHA are two new corporations we will approach in FY13. We have already contacted them, and have received positive responses.
Government Support
+
Gov’t Agency Amount Requested Amount Expected
NEA $150,000 $93,000
DC Commission on the Art & Humanities $75,000 $58,000
Virginia State Grants $35,000 $21,000
Maryland State Grants $20,000 $13,700
Total $185,700
Amount Requested
Amount Expected
+ Anniversary Gala 2013 will be ABC’s 15th anniversary, so we plan to have a gala to celebrate this historical moment. The gala will show our board members, donors, and students’ parents how ABC achieves its mission, and what our students learn.
+ Anniversary Gala Gala Expenses
Marketing/Printed Material $2,500
Chairs & Table Rentals $2,000
Wine & Alcohol $1,500
Lighting $800
Small Equipment $600
Other $600
Total $8,000
Gala Income Cost Expected Sales
Total
Gala Ticket $50 300 $15,000
Show Tickets $20 150 $3,000
Art Sales $1,400
Donations $4,800
$24,200
+
+Capital Budget
Hardware
Computers (15) $10,000
Server (1) $2,450
Software Raiser’s Edge
QuickBooks Pro Software Total
Microsoft Office Upgrade $7,950
Adobe Creative Suite
Installation $5,600
Total $26,000
Questions? +