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we are
best year yet celebrating our
achievements 2016–2017
team results
346 shows
358,000 guests (up 15%)
record-setting revenue
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highlights
profitable year
$327,000
net profit in
unrestricted and
program operations
$18 million
in contribution
revenue recognized:
restricted for phase 2
183%
favorable to last year
(116% favorable to
the approved
budget)
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outline
fiscal year 2016–2017 1 mission & community support 2
3 what’s next
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arts for every life®
comedy
concerts
lectures
broadway
family
multicultural
types of
performances
programming
foster cronin
346 shows
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jazz orchestra at dr. phillips center
rodney whitaker
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upcoming
disney’s The lion king jake owen jackson browne
trevor noah dancing with the stars jason mraz
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community programming
lavon bracy
250 community
productions
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community programming
zorafest! orlando ballet standing ovation
opera orlando starter studio
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community programming
lavon bracy
250 community
productions
provide show marketing
& operational support to
community groups
collaboration supports
our mission
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finance
cecilia kelly
our partnership
dpc: mission-based 501(c)3 that
operates & manages facility
city: owns land & building, maintains
construction fund
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sources & uses
capital/project funding
dr. phillips center
orange county – tourist
development tax
city of orlando cra & infrastructure
state of florida / public
city of winter park
interest earnings
$151,232,129
$207,379,124
$198,000,000
$17,676,822
$29,000,000
$1,000,000
Total Dr. Phillips Center contribution to date:
$170 Million
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earned vs. contributed revenue
60%
40%
85%
15%
exceeds expectations
actual since opening
original approved plan
earned
contributed
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earned revenue
$30.4 million exceeds last year by 42%
earned revenue
presenting activities
concession
event rental & banquet school of the arts
other
87%
7% 4% 1% 1%
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fiscal year 2016–2017
The above schedule is a hybrid GAAP presentation of the Statement of Activity and excludes certain non-cash GAAP adjustments such as NPV of multi-year pledges.
Earned Revenue 30,394,020$
Contributed Revenue and Other Support 4,580,016$
City Support for Maintenance 530,450$
Total Revenues 35,504,486$
Presenting Expenses 19,151,142$
Other Operating Expenses 16,026,497$
Total Expenses 35,177,640$
Net Operating Result 326,846$
Restricted Phase 2 Contributions 18,263,593$
Release of Program Restricted Contributions (333,333)$
Change in Net Assets 18,257,106$
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operating costs
annual cost of building
maintenance
$4.8 million
$4.37 million $530,000
through earned revenue & philanthropy
dr. phillips center city of orlando
total operating cost: $35 million
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operating costs
$4.4 million
capital improvements
$1 million annual
city of orlando
dr. phillips center
to date
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actual results compared to proformas
2008 Pro Forma Actuals
Total Years 1-3 Total Years 1-3 Difference
Earned Revenues $24,317,537 $75,426,034 $51,108,497
Operating Expenses $42,101,308 $90,928,707 $48,827,399
Net ($17,783,771) ($15,502,673) $2,281,098
Contributed Support:
Philanthropy $3,000,000 $14,205,486 $11,205,486
City of Orlando MR&R $1,500,000 $1,420,450 ($79,550)
Ancillary Real Estate $9,000,613 $460,626 ($8,539,987)
Total Contributed $13,500,613 $16,086,562 $2,585,949
Net ($4,283,158) $583,889 $4,867,047
Use of Preopening Campaign Cash Reserve $4,283,158 $392,764 ($3,890,394)
Results after Cash Reserve Utilization $0 $976,653 $976,653
% Earned / Total Exp 58% 83% 25%
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mission & community support 2 fiscal year: $2.8 million
to date: $5 million
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mission & community support
community “reinvestment”
offset $732,000 in fees and $363k for
events for arts & community groups
provide $300,000 in student discounted
tickets and $82,000 in scholarships
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mission & community support
arts education programs
dr. phillips center florida hospital
school of the arts: 700+
disney musicals in schools: 250
6th & jazz: 18,500
docs & dellas: 44
teen ambassadors: 41
applause awards: 3,850
226,000 engaged up 38.5% in one year
docs & dellas
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what’s next 3
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steinmetz hall & the green room
grand opening: spring 2020
“to see a great
performance, you’ll need
to go to vienna…
or come to orlando.”
growth in programming
community groups engagement
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continued focus
successful programming
mission &
community
support
positive
operational
results
contribution to
city-owned
asset
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summary
strongest year yet
more shows & growing
attendance
strong philanthropy
phase 2 groundbreaking
major new initiatives
curating our own content
leading industry trends
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thank you