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2008 Portfolio Presentation

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2008 Portfolio Presentation

  1. 2. <ul><li>vibrant </li></ul><ul><li>valuable </li></ul><ul><li>vulnerable </li></ul>
  2. 3. vibrant valuable vulnerable consumer price index 1995-2005
  3. 4. vibrant valuable vulnerable cultural growth 1995-2005
  4. 5. <ul><li>suburban cultural growth 1995-2005 </li></ul>vibrant valuable vulnerable
  5. 6. <ul><li>employment 1995-2005 </li></ul><ul><li>full time employment kept pace or exceeded regional averages </li></ul>vibrant valuable vulnerable
  6. 7. <ul><li>employment 1995-2005 </li></ul><ul><li>part-time employment saw the greatest growth </li></ul>+ 9% + 98% vibrant valuable vulnerable
  7. 8. <ul><li>health insurance costs paid by employer </li></ul>vibrant valuable vulnerable
  8. 9. 3 performances an hour 13 tours per day 777 events every week 15 million total visits per year vibrant valuable vulnerable
  9. 10. valuable… 43,000 paid and volunteer positions vibrant valuable vulnerable
  10. 11. 24,000 volunteers vibrant valuable vulnerable
  11. 12. vibrant valuable vulnerable 45% of income is contributed every fundraising $1  $9
  12. 13. 52% income growth vibrant valuable vulnerable
  13. 14. the arts are a bargain vibrant valuable vulnerable
  14. 15. affordable… … and accessible vibrant valuable vulnerable
  15. 16. vulnerable… operating margins remain thin 3% 5% vibrant valuable vulnerable
  16. 17. 40% of cultural organizations operate at a deficit vibrant valuable vulnerable
  17. 18. contributed to earned income vibrant valuable vulnerable
  18. 19. foundation support as percentage of total revenue vibrant valuable vulnerable
  19. 20. investment income as percentage of total revenue vibrant valuable vulnerable
  20. 21. 1995 State & Federal support vibrant valuable vulnerable
  21. 22. 2005 State & Federal support vibrant valuable vulnerable
  22. 23. <ul><li>vibrant </li></ul><ul><li>valuable </li></ul><ul><li>vulnerable </li></ul>
  23. 24. vibrant valuable vulnerable implications <ul><li>Market forces </li></ul><ul><ul><li>Slim margins </li></ul></ul><ul><ul><li>Pressure on all income streams </li></ul></ul><ul><ul><li>Increasing specifications of funders </li></ul></ul><ul><ul><li>“ It’s the economy, …” </li></ul></ul><ul><li>Workforce development </li></ul><ul><ul><li>Rising benefits costs – health insurance for small companies </li></ul></ul><ul><ul><li>“ Move over to Move up” syndrome </li></ul></ul><ul><ul><li>Large part-time workforce </li></ul></ul><ul><ul><li>Difficult to overcome perception of high personnel costs </li></ul></ul>
  24. 25. vibrant valuable vulnerable implications <ul><li>Building maintenance </li></ul><ul><ul><li>Utilities costs </li></ul></ul><ul><ul><li>Large number of historical sites </li></ul></ul><ul><ul><li>Capital campaigns for cultural facilities </li></ul></ul><ul><li>Consumer patterns </li></ul><ul><ul><li>Shifts in ticket purchasing? </li></ul></ul><ul><ul><li>Generational differences </li></ul></ul><ul><ul><li>Demographic changes </li></ul></ul>
  25. 26. vibrant valuable vulnerable action steps <ul><li>Support the Cultural Community </li></ul><ul><ul><li>Use research </li></ul></ul><ul><ul><li>Become an arts advocate </li></ul></ul><ul><ul><li>Integrate culture into other activities </li></ul></ul><ul><ul><li>Deepen your engagement with individual organizations </li></ul></ul>
  26. 27. This publication was made possible by PNC and the William Penn Foundation. Additional support was provided by the Dolfinger-McMahon Foundation.

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