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Participant:
Insert photo 1




                         Program Term:
                         02/2012 – 1/2013

                         Contact:
                         Philip Lehl, Kim Tobin
                         Co-Executive Directors
                         info@starknakedtheatre.com
                         832 866 6514

                         starknakedtheatre.com




                 Pre-Incubator Program
Participant Profile:
“To develop and support theatrical artists by providing competitive pay, and to develop
and promote an aesthetic of acting that is truthful, by producing exciting, cutting-edge,
live theatre..”

    •   Incorporated in 02/2011
    •   2012 operating budget = $87,823
    •   Number of Board Members = 8
    •   Main challenges we faced prior to the Program:
          •   Understanding Bookkeeping
          •   Growing Our Board
          •   Meeting Our Fundraising Goals
          •   Obtaining a Venue

    Enters the Pre-Incubator Program on Feb 2012
Outcomes Summary
              What difference did the Pre-Incubator program make?

•   Stark Naked is a stronger, better-run
    organization, ready to step up to the next
    level of budget and fundraising.
      –   Our books are now kept on QuickBooks,
          and our bookkeeper meets regularly with
          an experienced arts CPA

      –   We have identified, with the help of a
          professional fundraiser (a volunteer)
          foundations that we will be targeting in
          the next fiscal year

      –   Board meets regularly, and is involved in
          PR and fundraising; and has grown from
          3 members, to 8

      –   We have secured a permanent venue –
          STUDIO 101

      –   Our volunteer fundraiser has urged us to
          plan and implement an endowment,
          starting next fiscal year
Use of Funds
        Awarded $7500 towards administrative and/or programmatic expenses
        including IRS 990 preparation, venue rental fees, and artist honorarium.

Description1              Amount    Type
AEA Actors for BODY
AWARENESS
                          $4,536    Program

Portion of three months
rent (October 2012 –
December 2012) for
Studio 101 and Studio
122 at Spring Street
                          $2,964    Admin.
Studios – (actual total
rent for that period =
$3,405)

• These funds allowed Stark Naked to hire
 three union actors for our production of
 BODY AWARENESS (where we probably
 would’ve had to make do with one or two)

• This also allowed us to be “rent free” for
 nearly three months, meaning we could
 concentrate on other areas such as
 fundraising, and producing art
Financial Trend
                   $200,000
                                           Actual                   Projected
                   $180,000
Operating Budget




                   $160,000
                   $140,000
                   $120,000
                                                              $87,823
                   $100,000
                                               $69,408
                    $80,000
                    $60,000
                    $40,000
                                  $9,467
                    $20,000
                        $0
                                  FY2011        FY2012         FY2013       FY2014         FY2015
                        Revenue        Expenses          Linear (Revenue)       Linear (Expenses)
Keys to Success
•   Came to a much better understanding of
    accounting and budgeting

•   Came to a much better understanding of
    financial controls

•   Introduced our board to the importance
    of assisting us with tasks assigned

•   Defined the roles of our immense, two-
    person, married staff (sustainability)



     –   As the primary contact, I did the
         work asked of me in a timely
         manner, to the best of my ability,
         allowing the HAA staff to show me
         what I’d done right, and wrong
Lessons Learned
•   What were your course corrections?

     –   Keep in mind that good record-
         keeping – receipts, internal
         communications, etc. will prove
         invaluable. For example, in the past
         we have only contracted the union
         actors we employ – we’ve found that
         this is foolhardy, and intend to
         formally contract all hires from now
         on

     –   Be willing to give up control. As a
         small organization we do everything;
         when help arrives, don’t let jealously
         guard what has been your purview
Summary of Future Plans
•   We hope to expand our programming, both in
    terms of number of events, and number of
    performances of each event

•   We hope to foster young, start-up theatre
    companies, through use of STUDIO 101

•   We hope to continue to increase our pay for
    theatrical artists, in keeping with our mission

•   Future targets include
    •    Endowment – target foundations and major
         donors who want to see us become an institution

    •    Programming – more and bigger

    •    Staff – move from volunteers to paid positions

    All of these targets require two things:
    continued excellence in artistic achievement,
    and effective fundraising
Haiku
Jerome,

Good Cop,

Both Helping,

Bad Cop,

Phil



Quickbooks

My nemesis

Why can’t this be easy?

Wait, hey, that’s great!

My friend

Quickbooks

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Learning sessions #5 Pre Incubator - Stark Naked Theatre Co

  • 1. Participant: Insert photo 1 Program Term: 02/2012 – 1/2013 Contact: Philip Lehl, Kim Tobin Co-Executive Directors info@starknakedtheatre.com 832 866 6514 starknakedtheatre.com Pre-Incubator Program
  • 2. Participant Profile: “To develop and support theatrical artists by providing competitive pay, and to develop and promote an aesthetic of acting that is truthful, by producing exciting, cutting-edge, live theatre..” • Incorporated in 02/2011 • 2012 operating budget = $87,823 • Number of Board Members = 8 • Main challenges we faced prior to the Program: • Understanding Bookkeeping • Growing Our Board • Meeting Our Fundraising Goals • Obtaining a Venue Enters the Pre-Incubator Program on Feb 2012
  • 3. Outcomes Summary What difference did the Pre-Incubator program make? • Stark Naked is a stronger, better-run organization, ready to step up to the next level of budget and fundraising. – Our books are now kept on QuickBooks, and our bookkeeper meets regularly with an experienced arts CPA – We have identified, with the help of a professional fundraiser (a volunteer) foundations that we will be targeting in the next fiscal year – Board meets regularly, and is involved in PR and fundraising; and has grown from 3 members, to 8 – We have secured a permanent venue – STUDIO 101 – Our volunteer fundraiser has urged us to plan and implement an endowment, starting next fiscal year
  • 4. Use of Funds Awarded $7500 towards administrative and/or programmatic expenses including IRS 990 preparation, venue rental fees, and artist honorarium. Description1 Amount Type AEA Actors for BODY AWARENESS $4,536 Program Portion of three months rent (October 2012 – December 2012) for Studio 101 and Studio 122 at Spring Street $2,964 Admin. Studios – (actual total rent for that period = $3,405) • These funds allowed Stark Naked to hire three union actors for our production of BODY AWARENESS (where we probably would’ve had to make do with one or two) • This also allowed us to be “rent free” for nearly three months, meaning we could concentrate on other areas such as fundraising, and producing art
  • 5. Financial Trend $200,000 Actual Projected $180,000 Operating Budget $160,000 $140,000 $120,000 $87,823 $100,000 $69,408 $80,000 $60,000 $40,000 $9,467 $20,000 $0 FY2011 FY2012 FY2013 FY2014 FY2015 Revenue Expenses Linear (Revenue) Linear (Expenses)
  • 6. Keys to Success • Came to a much better understanding of accounting and budgeting • Came to a much better understanding of financial controls • Introduced our board to the importance of assisting us with tasks assigned • Defined the roles of our immense, two- person, married staff (sustainability) – As the primary contact, I did the work asked of me in a timely manner, to the best of my ability, allowing the HAA staff to show me what I’d done right, and wrong
  • 7. Lessons Learned • What were your course corrections? – Keep in mind that good record- keeping – receipts, internal communications, etc. will prove invaluable. For example, in the past we have only contracted the union actors we employ – we’ve found that this is foolhardy, and intend to formally contract all hires from now on – Be willing to give up control. As a small organization we do everything; when help arrives, don’t let jealously guard what has been your purview
  • 8. Summary of Future Plans • We hope to expand our programming, both in terms of number of events, and number of performances of each event • We hope to foster young, start-up theatre companies, through use of STUDIO 101 • We hope to continue to increase our pay for theatrical artists, in keeping with our mission • Future targets include • Endowment – target foundations and major donors who want to see us become an institution • Programming – more and bigger • Staff – move from volunteers to paid positions All of these targets require two things: continued excellence in artistic achievement, and effective fundraising
  • 9. Haiku Jerome, Good Cop, Both Helping, Bad Cop, Phil Quickbooks My nemesis Why can’t this be easy? Wait, hey, that’s great! My friend Quickbooks