A Special Challenge. A Special Appeal.
The Columbia Theatre Association (CTPA), like many businesses, has had a mixed year. On the one hand, we have served the community extraordinarily well by hosting a wide variety of performances with 19,440 people participating in 60 events. We instituted special rental rates to allow local organizations more affordable access to using the Columbia;
and we are proud to be doing all we can to reach out and partner with various community organizations.
On the other hand, we have experienced the most challenging time in nearly 30 years of existence. A historically poor year at the box office for performing arts centers across the country, and the new reality of assuming increased facility operating expenses, has created a serious financial strain for CTPA.
We need your help now to sustain the Columbia Theatre for 2012 and beyond.
THE WOLLENBERG FOUNDATION MATCHING GRANT
We have recently received a Challenge to the Community with a $50,000 matching grant from the Wollenberg Foundation. This dollar for dollar match has two purposes: to sustain the Columbia Theatre’s current operation; and to establish a special Designated Reserve Fund intended to meet pre-paid obligations for future programs. The Reserve Fund will be accessed by Board authorization only to be replenished as future revenues are received.
WHY THE NEED?
Stability. Historically, CTPA has operated without a cash reserve. Once we commit to a season there are many pre-paid expenses and while we carefully plan and project each year, there are factors out of our control that must be responded to as they arise. The ability to “course correct” without jeopardizing the very existence of the organization is an imperative.
Like many organizations, in order to bring CTPA into a sustainable alignment with the community’s capability we are instituting a 23% reduction in expenses in 2012/2013 fiscal year. The combination of increased contributions and reduction in expenses will finally put us on the road to long-term stability.
We are deeply grateful for all of the support you have provided over the years—and we intend to be good stewards of the funds we have been given. Won’t you please step up and help meet the Wollenberg Challenge!
HELP MEET THE WOLLENBERG FOUNDATION MATCHING GRANT CHALLENGE!
the Columbia Theatre is a 501 (c)(3) organization and your donation is tax-deductible.