Master of Entertainment Industry Management

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Welcome!
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Mission
Data and analysis that is

• Current
• Complete
• Accurate

• Objective
• Meaningful
• Useful

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Vision

• Central information and analytical resource
  center in the region by maintaining a
  comprehensive knowledge base regarding the
  cultural sector in Southwest Pennsylvania

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Publications

• 2005 Cultural Census
• The Financial State of the Arts in Southwest
  Pennsylvania 1999-2002
• Financial data from 1995-1998
• Over 75 customized financial profiles

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Publications

• 12 impact studies on the arts
• 6 situational summaries
• Panel discussion transcripts

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Agenda

• 2005 Cultural Census
• Future research
• eProfiles
• Feedback
• Questions and discussion

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Data

• Continually expanding
• Constantly updated
• Representative
• Variable sample sets

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Uses

• Benchmarking
• Policymaking
• Advocacy

• Fundraising
• Financial planning
• Strategic planning

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Definition of Terms

• Based on Total Expenses
• Small Up to 250,000
• Mid-Size 250,000 to 1,000,000
• Large Over 1,000,000

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Key Findings

• Total Income has declined significantly from 2001
  to 2004
• Private
• Earned
• Government
• Endowment

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Private Income
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Private Income
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Fundraising Expenses
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Fundraising Expenses
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Fundraising Effectiveness
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Earned Income
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Earned Income
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Proportions of Total Income
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Financial Management

• Very Good rating for all sizes of cultural
  organizations for both administration and program
  expenses.

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Administration Expenses

• Very Good for all four years (16-30)
• Includes salaries, office supplies, equipment

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Administration Expenses

• CharityNavigator National Standards
• Excellent 0-15
• Very Good 16-30
• Good 31-45
• Average 46-55
• Poor over 55

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Proportion of Administration Expenses
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Proportion of Program Services Expenses

• Very Good (65-75) for all four years
• Artist fees, marketing, mounting and renting
  exhibitions, transportation and touring costs,
  equipment, project insurance and acquisitions
  related to programs, services and events.
• Except for mid-size organizations in 2001

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Proportion of Program Services Expenses

• CharityNavigator National Standards
• Excellent above 75
• Very Good 65-75
• Good 55-64
• Average 40-54
• Poor below 40

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Proportion of Program Services Expenses
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Apparent ContradictionSmall Organizations

• Cash on Hand
• 6.5 months (2001) 13.8 months (2004)
• Margin of Surplus/Deficit
• 25,500 (2001) -3,300 (2004)

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Apparent ContradictionMid-Size Organizations

• Total Liabilities to Net Assets
• 0.26 (2001) 0.08 (2004)
• Margin of Surplus/Deficit
• 56,682 (2001) -70 (2004)

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Apparent ContradictionLarge Organizations

• Total Liabilities to Net Assets
• 0.26 (2001) 0.10 (2004)
• Margin of Surplus/Deficit
• 1,604700 (2001) -237,800 (2004)

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Methodology

• Data from public documents
• 990s
• PCA application for AOAP track
• annual reports
• 50 personal interviews
• 200 cultural organizations

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Geographic Coverage

• Allegheny
• Armstrong
• Beaver
• Butler

• Fayette
• Washington
• Westmoreland

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Future Research

• Total Income for all Sizes
• In-depth review of individual income streams
• Individual analysis of possible outliers and/or
  atypical activity
• Closer examination of past 10-year pattern
• Personal interviews for expanded contextual
  information

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Individual Financial Reports eProfiles

• Meaningful indicators
• Customized in real-time
• Thousands of reports possible
• Easy-to-read
• Full color charts and graphs
• Reports can be saved and printed

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Feedback

• Other financial issues?
• Other operational issues?
• Collection process?
• Other features by eProfiles?

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• Questions?
• Comments?

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• Thank you!