Dis/sonance Theatre is a theatre production company based in Toronto, Ontario. They are currently in the process
Question:
Dis/sonance Theatre is a theatre production company based in Toronto, Ontario. They are currently in the process of compiling their budget and working on acquiring funding for their 2024 production season. Dis/sonance is a theatre company run by members of the D/deaf and disabled community. Their productions are designed through disability design justice models to make going to the theatre accessible to all members of their communities. Dis/sonance is hoping to produce four productions through 2024. They try to keep their ticket prices modestly priced at no more than $25/ticket and also provide complimentary, no-questions asked tickets to anyone who inquires. This action is directly related to their mandate aimed at keeping the arts accessible. The usually run a production for 3 weeks (1 show per day, 5 days a week) and their shows usually always sell out. Their theatre has a capacity of 250 seats. Last year, their operating budget (inclusive of all staff and performance salaries, rent and utilities, materials, marketing and outreach) was about 2.1 million dollars. Their earned revenue from ticket sales accounted for 35% of their budget. Where should they look for the outstanding 65% of their budget needs for 2024?
Scenerio #2: Catbird Seat documentary outreach
Based in Halifax, Nova Scotia, the three-person production team behind the forthcoming documentary Catbird Seat, is looking to fund their outreach and engagement plan. The production team is made up of a co-directing team and a producer, all of whom identify as queer, women and/or non-binary. Coming off of the success of Amazon Prime's series remake of A League of their Own, Catbird Seat chronicles the real-life stories of some of the women involved in the wartime Women's only baseball leagues. The documentary features stories from living players, or at times, their next of kin. The production teams wish to conduct outreach with equity based, gender inclusive programs found in schools, after-school programs, clubs, and sports leagues. They plan to organize a tour of targeted group screenings across North America. They are also hoping to build a diverse range of material to populate their engagement strategy. The production team is currently working on a production budget of $850,000 but estimate they need another $250,000 to meet the demands of an effective outreach and engagement strategy. Where will they find their outstanding financing and what will they do with it if they find it all?
Scenerio #3: Open Skies Art Gallery
Since 1990, Open Skies Art Gallery has been specializing in the collection, curation, preservation and presentation of a range of Indigenous art made by Indigenous artists across Turtle Island and the in the Arctic territories (otherwise known as Canada). Housed in Treaty 6 territory (what is now known as Edmonton, Alberta), the gallery features a modest three-room exhibition space. Annually, it dedicates one room to the exhibition of work in their permanent collection, which it rotates about twice per year, and it exhibits approximately six temporary exhibitions annually in the remaining two rooms. Temporary exhibits usually stay up for about a month with a one month interval between showings. Their annual operating budget must account for the ongoing acquisition and preservation of their permanent collection, which is of modest size, but has not yet exceeded 300 art pieces (they hope to reach this number in 2024). They also pay CARFAC fees for their temporary exhibitions, made up of loaned work which they curate from both private and public collections. They charge modest admission fees and do offer membership pricing and perks. Their operating budgets have ranged through the years, but they usually do not exceed $200,000. Each exhibition costs anywhere from $6000-$10,000 depending on artist fees, events, and planning specifics. They are beginning to put together their budget from their 2024 season. How much should they budget and where will they acquire their funds?
1. Identify the scenarios you choose
2.. Identify [at minimum] 3 funding sources and/or avenues you propose to pursue. You must choose 3 different sources of funding. Public funding (from any level of government) can only make up a maximum total of 1/3 of your proposed funding sources. If you are proposing more than 3 sources, you can identify more than 1 government grant.
3. Clearly identify how much you are asking for from each source and provide RATIONALE for the amount you seek PER source. (i.e, what will you be doing with this specific amount?)
4. Clearly explain WHY you are choosing each of these sources of funding.
5. Overview the IDEAL expected OUTCOMES that will come out of you receiving all of your proposed funds. (i.e, what are some of the IMPACTFUL outcomes of your proposal and project?)
6. Present a realistic CONTINGENCY (back-up) plan should one and/or all of your funding sources not be realized.
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry