Santa Barbara Youth Ensemble Theatre

FUNDING OPPORTUNITIES

Presented to: Santa Barbara Youth Ensemble Theatre

Presented by:Frederick Brindopke, Justin Da Rosa, Ling Yu Erica Ho, Kevin

Oyama, Eden Radovich

Date: November 26th, 2013

Agenda Financials Sponsorship Grants Capital Structure

Agenda

Overview of Needs Proportion of funding sources

Grants and application process

Local sponsorships and donors

Capital structure

Agenda Financials Sponsorship Grants Capital Structure

Assessment of Needs

• Lack of diversified funding

• Small operating budget

• Need for accountant/bookkeeper

• Lack of appropriate capital structure

Agenda Financials Sponsorship Grants Capital Structure

Sources of Funding• Diversifying sources of funding is critical• Currently, SBYET relies almost entirely on

individual donations & ticket sales

Individual donations & ticket sales

92%

Corporate8%

Agenda Financials Sponsorship Grants Capital Structure

Sources of Funding• Diversifying sources of funding is critical• Target breakdown of 60% individual donations

and ticket sales, 30% grants and 10% corporate

Individual Donations & Ticket Sale

60%

Grants30%

Corporate10%

Agenda Financials Sponsorship Grants Capital Structure

Financials• We recommend hiring a full-time

accountant/bookkeeper• Examples of financial statements:

Agenda SponsorshipFinancials Grants Capital Structure

Philanthropic Individuals to Contact

Harold SimmonsLynda Weidman

Charles Munger

Craig McCaw

George Lucas

Agenda SponsorshipFinancials Grants Capital Structure

Contact Strategy

• Connections are preferred route• Alumni Network, Parents of students, Board Members

• Look for ‘support’ before donation money

• Articulate goals and mission of SBYET and

target individuals with interest in the arts /

education

Agenda SponsorshipFinancials Grants Capital Structure

Corporate Sponsors• Identified sponsors from past programs

– Better chance of sponsorship than ‘cold calling’• Should target: Law firms / Restaurants / Banks /

Leisure• Others to identify and target: Union Bank /

Bacara Resort

Agenda GrantsFinancials Sponsorship Capital Structure

Grants• Application Criteria

– Mission Statement– Financial Statements

• Income Statement, Balance Sheet– Current 501(c)(3) tax-exempt status

Agenda GrantsFinancials Sponsorship Capital Structure

GrantsHigh Priority: • Shubert Foundation• Towbes Funding for the Performing Arts• Annenberg Foundation• Green Foundation• Aurand Harris Theatre Grants

Agenda Capital StructureFinancials Sponsorship Grants

Capital StructureAsset Allocation for Non-Profit Organizations

Agenda Capital StructureFinancials Sponsorship Grants

Future Capital Structure

• Reliance on ticket sales and parent donations

• Top priority: Increase operating budget and cash

• Future growth opportunity: invest in fixed assets

– Theater, rehearsal space, administrative building,

parking lots, restaurants/cafes, shops

Agenda Financials Sponsorship Grants Capital Structure

ConclusionRecommendations:

1. Hire an accountant or bookkeeper

2. 60-30-10% breakdown for funding sources

3. Reach out to potential donors

4. Apply for grants

5. Maintain a stable capital structure

Agenda Financials Sponsorship Grants Capital Structure

Q&A Session