we are - · PDF filehighlights profitable year $327,000 net profit in unrestricted and...

we are

best year yet celebrating our

achievements 2016–2017

team results

346 shows

358,000 guests (up 15%)

record-setting revenue

highlights

profitable year

$327,000

net profit in

unrestricted and

program operations

$18 million

in contribution

revenue recognized:

restricted for phase 2

183%

favorable to last year

(116% favorable to

the approved

budget)

outline

fiscal year 2016–2017 1 mission & community support 2

3 what’s next

arts for every life®

comedy

concerts

lectures

broadway

family

multicultural

types of

performances

programming

foster cronin

346 shows

jazz orchestra at dr. phillips center

rodney whitaker

upcoming

disney’s The lion king jake owen jackson browne

trevor noah dancing with the stars jason mraz

community programming

lavon bracy

250 community

productions

community programming

zorafest! orlando ballet standing ovation

opera orlando starter studio

community programming

lavon bracy

250 community

productions

provide show marketing

& operational support to

community groups

collaboration supports

our mission

finance

cecilia kelly

our partnership

dpc: mission-based 501(c)3 that

operates & manages facility

city: owns land & building, maintains

construction fund

sources & uses

capital/project funding

dr. phillips center

orange county – tourist

development tax

city of orlando cra & infrastructure

state of florida / public

city of winter park

interest earnings

$151,232,129

$207,379,124

$198,000,000

$17,676,822

$29,000,000

$1,000,000

Total Dr. Phillips Center contribution to date:

$170 Million

earned vs. contributed revenue

60%

40%

85%

15%

exceeds expectations

actual since opening

original approved plan

earned

contributed

earned revenue

$30.4 million exceeds last year by 42%

earned revenue

presenting activities

concession

event rental & banquet school of the arts

other

87%

7% 4% 1% 1%

fiscal year 2016–2017

The above schedule is a hybrid GAAP presentation of the Statement of Activity and excludes certain non-cash GAAP adjustments such as NPV of multi-year pledges.

Earned Revenue 30,394,020$

Contributed Revenue and Other Support 4,580,016$

City Support for Maintenance 530,450$

Total Revenues 35,504,486$

Presenting Expenses 19,151,142$

Other Operating Expenses 16,026,497$

Total Expenses 35,177,640$

Net Operating Result 326,846$

Restricted Phase 2 Contributions 18,263,593$

Release of Program Restricted Contributions (333,333)$

Change in Net Assets 18,257,106$

operating costs

annual cost of building

maintenance

$4.8 million

$4.37 million $530,000

through earned revenue & philanthropy

dr. phillips center city of orlando

total operating cost: $35 million

operating costs

$4.4 million

capital improvements

$1 million annual

city of orlando

dr. phillips center

to date

actual results compared to proformas

2008 Pro Forma Actuals

Total Years 1-3 Total Years 1-3 Difference

Earned Revenues $24,317,537 $75,426,034 $51,108,497

Operating Expenses $42,101,308 $90,928,707 $48,827,399

Net ($17,783,771) ($15,502,673) $2,281,098

Contributed Support:

Philanthropy $3,000,000 $14,205,486 $11,205,486

City of Orlando MR&R $1,500,000 $1,420,450 ($79,550)

Ancillary Real Estate $9,000,613 $460,626 ($8,539,987)

Total Contributed $13,500,613 $16,086,562 $2,585,949

Net ($4,283,158) $583,889 $4,867,047

Use of Preopening Campaign Cash Reserve $4,283,158 $392,764 ($3,890,394)

Results after Cash Reserve Utilization $0 $976,653 $976,653

% Earned / Total Exp 58% 83% 25%

mission & community support 2 fiscal year: $2.8 million

to date: $5 million

mission & community support

community “reinvestment”

offset $732,000 in fees and $363k for

events for arts & community groups

provide $300,000 in student discounted

tickets and $82,000 in scholarships

mission & community support

arts education programs

dr. phillips center florida hospital

school of the arts: 700+

disney musicals in schools: 250

6th & jazz: 18,500

docs & dellas: 44

teen ambassadors: 41

applause awards: 3,850

226,000 engaged up 38.5% in one year

docs & dellas

what’s next 3

steinmetz hall & the green room

grand opening: spring 2020

“to see a great

performance, you’ll need

to go to vienna…

or come to orlando.”

growth in programming

community groups engagement

continued focus

successful programming

mission &

community

support

positive

operational

results

contribution to

city-owned

asset

summary

strongest year yet

more shows & growing

attendance

strong philanthropy

phase 2 groundbreaking

major new initiatives

curating our own content

leading industry trends

thank you