TO: CRA Board of Commissioners
FROM: Alexina Jeannite, Grant Manager
THROUGH: Renée A. Jadusingh, Executive Director
DATE: December 10, 2019
Title
OLD SCHOOL SQUARE 4th Quarter and year-end FY 2018-19 A-Guide Report
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Recommended Action:
Recommendation
Receive and file.
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Background:
The CRA awarded Old School Square (OSS) a $750,000 A-GUIDE grant for FY 2018-2019. This award represents 22% of OSS’s $3,470,447 budget. As of the end of the year, OSS raised revenue of $4,104,008 and had a net income of $349,033.
The A-GUIDE grant was awarded to support two programs: A) Performing Arts Program and B) Grassroots Partnerships. Below are highlights and program snapshots along with year-end totals from OSS’s fourth quarter of FY 2018-2019 A-GUIDE report as of September 30, 2019.
Program Snapshot:
Program “A”: Performing Arts Program
Program Information
Select Key Program Metrics Annual Goal 4Q Totals Year-End Totals
Shows, Concerts, Exhibits 15|9 9|18
Attendees 10,250 2,098 17,825
Revenues (Shows, Donors, Sponsors) $292,400 $9,214 $454,976
Budget Information
Awarded $575,000
Budget $2,216,922
Actual Revenues $2,358,984
Actual Expenses $2,364,351
Actual Deficit ($5,367)
Program “B”: Grassroots Partnerships
Program Information
Select Key Program Metrics Annual Goal 4Q Totals Year-End Totals
Shows, Concerts, Activities 443 21 256 *
Attendees (includes free concert attendees) 215,000 2,664 319,313
Annual $ Value of Facility Discounts Given through Grassroot Partnerships $175,000 $0 $249,741
*Low show totals was due to limited production assistance; activity was largely dedicated to regular OSS programming.
Budget Information
Awarded $175,000
Budget $750,240
Actual Revenues $983,555
Actual Expenses $961,546
Actual Net Income $22,009
Attachments: Exhibit A: Goals & Outcomes Report Final; Exhibit B: FY 18-19 Budget; Exhibit C: PowerPoint Slides
CRA Attorney Review:
N/A
Finance Rev...
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