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