Manchester Community Music School
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?
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:
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
Contributed Income trends up
Gift of Stock = Endowment/Reserves
Enrollment slow increase: 2% in 2012-2013
Senior Staff well-connected
Debt is being reduced!