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 26 th , 2013
Jan 18, 2018
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