organizations participating in portfolio · corporate foundation government break even contributed...
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Organizations Participating in Portfolio
Trend108
Trend276
218 281 405
Sector Is Operating in the RedOperating Margin: Unrestricted Revenue vs. Expenses, Excluding Investments
+2%Break Even
2007
+2%
-9%
Break Even
2007 2009
Sector Is Operating in the RedOperating Margin: Unrestricted Revenue vs. Expenses, Excluding Investments
Expenses Are Relatively Flat
Salaries and Benefits +8%
Professional Services +6%
Artistic/Programmatic +1%Services
Physical Plant -1%
Communications +8%
TOTAL +4%
-19%
Contributed Income
Contributed Income 2009(Revenues)
Corporate
Foundation
Government
Break Even
-$12.1M
-$40.1M
-$10.1M
Individual
Corporate
Foundation
Government
Break Even
Contributed Income 2009(Revenues)
-$12.1M
-$40.1M
-$10.1M
$23.6M
-62%
Earned Income
Earned Income 2009
Investments/Interest
AdmissionsSpecial Events
Break Even
-$424.8M
-$29.5$19.3
$2.3B
$1.9B
$1.0
$2.0
$3.0
2007 2009
Total Endowment and Other Investment Values 2007-2009
Investments Compared to Market
-50.0%
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
Jan-07 Jul-07 Feb-08 Aug-08 Mar-09 Sep-09
S & P 500 IndexLipper Balanced FundIndex
2011 Portfolio
Trailing average return for 12 month period ending in each given month.
-50.0%
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
Jan-07 Jul-07 Feb-08 Aug-08 Mar-09 Sep-09
1%-1%
Earned IncomeExcluding Investments/Interest
5%
Attendance
Bucking the Trend
80
85
90
95
100
105
110
115
2002 2003 2004 2005 2006 2007 2008 2009 2010
NEA Survey and 2011 Portfolio. Total Attendance converted to 100 point scale.
NEA Survey (SPPA)
80
85
90
95
100
105
110
115
2002 2003 2004 2005 2006 2007 2008 2009 2010
NEA Survey and 2011 Portfolio. Total Attendance converted to 100 point scale.
National Arts Index (AFTA)
NEA Survey (SPPA)
Bucking the Trend
80
85
90
95
100
105
110
115
2002 2003 2004 2005 2006 2007 2008 2009 2010
NEA Survey and 2011 Portfolio. Total Attendance converted to 100 point scale.
National Arts Index (AFTA)
NEA Survey (SPPA)
2011 Portfolio
Bucking the Trend
5%5%
Attendance
Bucking the Trend
8%5%5%
Attendance
8%
Membership & Subscriptions
Bucking the Trend
5%
Attendance
8%
Membership & Subscriptions
20%
Individual Giving
Bucking the Trend
Admissions, Tickets,& Tuitions
Total$339.1m
Categories of Revenue from IndividualsIncreased $47million
Admissions, Tickets,& Tuitions
Memberships & Subscriptions
Total$339.1m
Categories of Revenue from IndividualsIncreased $47million
Admissions, Tickets,& Tuitions
Memberships & Subscriptions
Total$339.1m
Individual Contributions
Total$386.0m
Categories of Revenue from IndividualsIncreased $47million
Total Employment at Portfolio organizations:
24,268 Positions
Inspirational AND AffordableAdmission Price 1/3 the Cost of Production
Median $15 Admission Price
Median Admission Price $15
Median $15 Admission Price
Median cost of $48 Production
Inspirational AND AffordableAdmission Price 1/3 the Cost of Production
Inspirational AND Affordable52% of Admissions are Free
+1%
We Worked Harder and Smarter
FTE Positions
# of Events
-2%
Break Even
Cuts to Administrators Deeper Than Cuts to Artistic
and Programmatic Staff
Artist andProgram
-1%Break Even
Cuts to Administrators Deeper Than Cuts to Artistic
and Programmatic Staff
-4%
Fundraisingand General
Artist andProgram
-1%Break Even
Sector’s Compensation Remained Low
Sector’s Compensation Remained Low
Volunteer and Board Positions
Paid Positions
Board
Volunteers
Volunteers + Board: 38,000
Paid: 24,000
Volunteers Were Essential
30% of all hours worked were donated.
Small orgs: More than 50% of hours donated.
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Small Medium Large Very Large Total
Staff
Volunteer
A Shift to Independent Contractors
More than 50% employed as independent contractors.
Independent: 52%
Full-time: 20%
Part-time: 28%
Independent
Full-time
Part-time
Facilities-Related Expenses Declined 44%Including Major Repairs
M
M
Continued Investment in Marketing
Shift to Online Marketing
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
2007 2009
$1.29M
$869K
Fundraising Campaigns 2007-2009
0
10
20
30
40
50
60
2007 2009Capital Campaigns
57 47
0
10
20
30
40
50
60
2007 2009 2007 2009Capital Campaigns Endowment Campaigns
57 47
31 19
Fundraising Campaigns 2007-2009
Engage Individuals
Photo by G. Widman for GPTMC
• Technology
Engage Individuals
• Technology
• Relationships
Engage Individuals
• Technology
Engage Individuals
• Relationships
• Personal Stories
PROOF
• Technology
Engage Individuals
• Relationships
• Personal Stories
Love Thy Labor
• External Forces
Love Thy Labor
• External Forces
• Bottom-up Planning
Love Thy Labor
Move to New Models
Move to New Models
• Capitalization
Move to New Models
• Capitalization
Move to New Models
• Strategic Alliances
• Capitalization
Move to New Models
• Strategic Alliances
• Funding
Photo: Vincent J. BrownPhoto by B. Krist for GPTMC
Photo: Vincent J. Brown
The 2011 Portfolio was made possible by The Pew Charitable Trusts, PNC, and the William Penn Foundation. Additional support was provided by the
Dolfinger-McMahon Foundation.
Reception support provided byLead Sponsor Supporting Sponsors
Greater Philadelphia Cultural Alliance
2011 ANNUAL MEMBER MEETING