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DACC/DDVB Financial Impact

DACC/DDVB Financial Impact. Isaac Lee, Cindy Mack. Agenda Layout. 1 . 2. 3. 2011 Budgets – Chamber/DDVB Stand alone organizations. Points of Discussions.

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DACC/DDVB Financial Impact

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  1. DACC/DDVB Financial Impact Isaac Lee, Cindy Mack

  2. Agenda Layout 1 2 3 2011 Budgets – Chamber/DDVB Stand alone organizations Points of Discussions Intro to Meeting – Non profit organizations have been affected by the economy. This presentation is a proactive step towards minimizing those affects on our organizations. What do we do? – Chamber/DDVB What have we done? What do we bring to the table? – Chamber/DDVB Combined Resources 2011Budgets – Chamber/DDVB Collaborating and Working as one Other Issues Roles, Staffing, Building, Other potential tenants 4 5 6

  3. What we Do? Comparison of Missions - Amazing similarities Chamber DDVB • Creating a better understanding and appreciation of the importance of business and a concern for their challenges. • Educating the business community and representing them in city, county, state and national legislative and political affairs. • Preventing or addressing controversies that are detrimental to expansion and growth of business and the community as they arise. • Creating a greater appreciation of the value of a more liberal investment of substance and self on behalf of the interest of competitive business. • Promoting economic growth designed to strengthen and expand the income potential of all business within the trade area. • Promoting programs of a civic, social, and cultural nature which are designed to increase the functional and aesthetic values of the community. • Discovering and correcting abuses which prevent the promotion of business and community growth • Enhance the appearance of the Defiance Area through beautification, restoration, and historic preservation • Provide educational and other services to strengthen and expand the economic base of Downtown and Defiance Area • Promote business, events, and activities in the Defiance Area Chamber DDVB Overlap

  4. What have we done? Progress Chamber DDVB • Coordinated Community Events • Worked with City, County, ED office to encourage project and economic growth • Facilitated Membership • Political advocacy • Played a role in Strategic Plan Process • Help to create a business friendly environment • MainStreet Designation • Applied for and was grant various grants for downtown development • Administration of CDBG Funds • Key role in Strategic Plan Process • Assisted Northwest Ohio River Region • Streetscape Project • Coordination of Community Events

  5. 2010 Budget per Organization Current Year Budgets Chamber DDVB • Income - $148,850 • Membership - $94,000 • Fundraisers - $54,850 • Expenses - $151,830 • Operations - $81,860 • Membership - $69,970 • We must expand our operations to grow the organization • Income - $150,000 • Funding - $105,000 • Sponsorship - $20,000 • Grant Admin. - $15,000 • Fundraiser - $10,000 • Expenses - $150,000 • Operations - $135,000 • Market - $15,000

  6. What do we bring to the table? Working together Chamber DDVB • Strong Organization Foundation • Strong Membership (500+) • Capital Funds • Our Strong Network • Ability to Coordinate Events • Track Record of Successes • Annual Funds (Guaranteed Funds) • Community Relations • 501c3 Status – Potential of Grant Funding • Established Fundraising Events

  7. 2011 Budget - Collaboration Working as one Chamber DDVB • Income • Increase Rent Income • Expenses • No Rent • Utility expense would remain similar in DDVB Building • Office Expenses and Supplies shared • Staff shared for various events • Impact - $11,600 Savings with more to come • Income • Refer to expense savings • Expenses • No Utilities – Assumed by DACC • Office Expenses and Supplies shared • Staff shared for various events • Impact - $10,800 Savings with more to come

  8. Other Issues 2011

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