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
Body
Recommended Action:
Recommendation
Receive and file.
Body
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 |
0 |
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 Review:
Lori Hayward, Finance & Operations Director
Funding Source/Financial Impact:
Funding has been allocated from CRA G/L #: 7376 A-GUIDE Funding