Orange County NC Website
Browse       Search
OCCC Statement of Activities <br />Orange County Cultural Center Confidential Page 30 of 30 <br />Strategic Business Plan (v.1.0) 9/8/2011 <br />YEAR 3 <br />MONTHLY <br />ANNUALLY <br />BEGINNING NET ASSET BALANCE <br />$12,100 <br />REVENUE <br />Studio Rentals <br />(7 units @ $175/mo ea) <br />$1,225 <br />$14,700 <br />Classroom Rentals <br />(60 hrs /mo @ $20 /hr) <br />$1,200 <br />$14,400 <br />Auditorium Rental <br />10 events /mo @ $300 /event) <br />$3,000 <br />$36,000 <br />Conference Room Events <br />(2 events /mo @ $100 /event) <br />$200 <br />$2,400 <br />Gallery Rental <br />($300 /mo) <br />$300 <br />$3,600 <br />Cafe Rental <br />($300 /mo) <br />$300 <br />$3,600 <br />Bar Rental <br />($50 /event, 10 events /mo) <br />$500 <br />$6,000 <br />Storage Rental <br />($100 /mo) <br />$100 <br />$1,200 <br />Rental Subtotal <br />$6,825 <br />$81,900 <br />Hillsborough Tourism Grant <br />$12,000 <br />Capital Campaign for Build -out <br />$1,000,000 <br />General Fundraising <br />$0 <br />TOTAL REVENUE <br />$1,093,900: "I <br />EXPENSE <br />Wh.itted Building Rental <br />$2,333 <br />$27,996 <br />(Includes Utilities) <br />Full -time Coordinator <br />$2,947 <br />$35,360 <br />(40 hrs /wk @ $17 /hr, 52 wks /yr) <br />Part-time Custodian <br />$720 <br />$8,640 <br />(20 hrs /wk @ $9 /hr, 48 wks /yr) <br />Employee Payroll Taxes (est 25 %) <br />$917 <br />$11,000 <br />Insurance <br />$5,000 <br />Tax Preparation / Review Books <br />$3,000 <br />Phone /Fax /Internet <br />$3,000 <br />Postage <br />$1,500 <br />Printing <br />$1,500 <br />Office Equipment / Supplies <br />$2,000 <br />Contingency <br />$1,000 <br />Fundraising Consultant <br />$7,300 <br />Build -out Costs <br />$890,000 <br />T©TAL`EXPENSE <br />$997,296 <br />NET ASSETS <br />$8,704 <br />ENDOWMENT <br />$100,000 <br />Orange County Cultural Center Confidential Page 30 of 30 <br />Strategic Business Plan (v.1.0) 9/8/2011 <br />