Organizations Participating in Portfolio · Corporate Foundation Government Break Even Contributed...

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