Manchester Community Music School


Question:

How can we evolve our business model so that we generate more funds to reinvest back into our mission, and still have reserves for fiscal stability?

MISSION

Changing lives through the power of Learning, Sharing and Making Music

Founded in 1983

1,200 students from 54 communities across NH

50 faculty members - all part-time

12 staff members - 3 full time; 9 half or 3/4 time

16 member Board of Directors

CHALLENGES ALONG THE WAY:

Enrollment projections after move to building

Paying for new space

Refinance in 2007

Need to raise $:  In 2006, hired first development director

2006:  raising approx. $50,000/year

2013:  $320,000/year for operating budget

$1.7 Composing our Future campaign goal

A FEW MORE CHALLENGES:

Reserve Funds

No Endowment

Between 2009-2012, tuition has dropped by 9% due to...

Current model revenue growth will move at a very slow pace = Need for additional revenue streams

THE POSITIVES

Contributed Income trends up

Gift of Stock = Endowment/Reserves

Enrollment slow increase:  2% in 2012-2013

Reputation

Senior Staff well-connected

Debt is being reduced!