CAPACITY LEADERSHIP 2022
Inspiration is Everywhere
Each season, we’re surrounded by stories of inspiration about the effect that classical and orchestral music has on the community.
» The 11-year-old who came to see The Music of Star Wars, and was so inspired that she started taking violin lessons. » The senior citizen who told us after a concert, with tears in his eyes, that the music reminded him of his childhood. » The Chattanooga Boys Choir student who sang in Carmen and now wants to perform in more operas. We do what we do because of stories like these. Because of the way music can heal, excite, calm, access memories, and inspire.
What’s the issue?
As an important initiative in our strategic plan, the CSO must increase its Leadership donors by 50% by May 2022 in order to ensure the continuation of our important and meaningful work in the community. Funding models for partners like foundations and corporate supporters have changed over the last several years, leaving a bigger hole in overall support and impacting our ability to serve the region. Ticket sales cover less than 40% of the cost to operate a symphony orchestra like the CSO. We greatly appreciate our subscribers and ticket-buyers who attend our wonderful mainstage concerts. But we rely on individual giving and other support to cover the difference. While the number of individual donors has remained steady over the past few years, we need to increase individual donations now more than ever. By increasing our Leadership level donors, we will be able to continue and even increase our capacity to do our work in the community.
What’s at stake?
Approximately 60% of the CSO’s contracted professional musicians live and teach in the greater Chattanooga area. Think of what the community would lose without the CSO – fewer church musicians, fewer private music instructors, a lack of qualified public school music teachers - and that’s just the beginning of the lasting impact that losing the CSO would create. Our music education programs have increased in capacity over the past several years, reaching more students, but the cost of these programs continues to rise while the support backing them has not. The more successful our programs become by serving more of the community, the more costly they are to operate. We ask you to help us by becoming a Leadership donor, increasing your Annual Fund gift, or making a multi-year pledge. The CSO has invested in this community for more than 85 years, and we want to keep that investment going for decades to come. Can we count on your support?
Gift Category
FY19 Actual Donor HH
FY20 Goal Donor HH
FY21 Goal Donor HH
FY22 Goal Donor HH
$25,000+
4
4
4
5
$10,000+
5
6
7
8
$5,000+
13
14
16
20
$2,500+
27
30
32
36
$1,000+
50
60
70
81
Leadership Giving
99
114
129
150 HH=Households
EARNED INCOME: ADMISSIONS $904,862 $769,957 $863,263 FEE ENGAGEMENTS $58,500 $57,850 $77,100 PROGRAM ADS $35,277 $40,057 $38,234 OTHER $277 $126 $2,369 TOTAL EARNED INCOME:
$998,916
$867,990
$980,966
CONTRIBUTIONS, GRANTS, & FUNDRAISING PROJECTS: ARTSBUILD ALLOCATION $116,667 $135,692 $193,000 INDIVIDUAL AND CORPORATE CONTRIBUTIONS $567,768 $526,289 $633,154 FUNDRAISING EVENTS $108,335 $111,065 $114,897 TENNESSEE ARTS COMMISSION GRANT $69,370 $69,300 $67,600 FOUNDATION GRANTS $111,450 $94,750 $60,400 NON-RESIDENT ENDOWMENT DISTRIBUTION $134,705 $134,655 $132,429 TOTAL CONTRIBUTED INCOME, GRANTS, & FUNDRAISING:
$1,108,295
$1,071,751
$1,201,480
BEQUESTS: $39,484 $509,828 $ 274,852 CSOYO:
$72,359 $81,574 $90,901
TOTAL OPERATING REVENUE:
$2,219,054 $2,531,143 $2,548,199
CSO OPERATING EXPENSES 2019 2018 2017 PRODUCTION & PERFORMANCE $1,790,370 $1,741,808 $1,790,660 MARKETING & BOX OFFICE $345,442 $359,882 $332,923 FUNDRAISING & DEVELOPMENT $112,689 $93,794 $113,604 ADMINISTRATIVE $275,229 $268,771 $303,578 CSOYO $82,041 $72,848 $83,889 TOTAL OPERATING EXPENSES:
$2,605,771 $2,537,103 $2,624,654
NET GAIN/LOSS 2019 2018 2017
TOTAL OPERATING REVENUES TOTAL OPERATING EXPENSES NET RESULT FROM OPERATIONS:
$2,219,054 $2,605,771
INVESTMENTS: (Unrealized Gains/Losses)*
($386,717) ($277,567)
$2,531,143 $2,537,103
$2,548,199 $2,624,654
($5,960)
($76,455)
$286,624
$248,740
CHANGES IN NET ASSETS ($664,284) $280,664 $172,285 STANDARD 5% INVESTMENT DRAW**
$124,069
$118,844
$118,574
2019 TOTAL numbers are from the audit document provided by Johnson, Murphey, Wright. For a complete review of CSO financial statements, including the 2019 audit and 990 report to the IRS, please contact our office, or visit chattanoogasymphony.org. * Change in market value of investments between the start of the fiscal year (June 1) and the end of the fiscal year (May 31) ** The CSO investment policy is to take a 5% draw each fiscal year based on the average of the previous 12 quarters.
FINANCIALS
CSO OPERATING REVENUE 2019 2018 2017