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HomeMy WebLinkAboutDSD-20-040 - Collaborative Municipal Funding for Key Cultural InstitutionsREPORT TO: Finance and Corporate ServicesCommittee DATE OF MEETING: March 9, 2020 SUBMITTED BY: Cory Bluhm, Executive Director, Economic Development, 519-741-2200 ext. 7065 PREPARED BY: Emily Robson, Manager, Arts/Creative Industries, Economic Development 519-741-2200 ext. 7084 WARD (S) INVOLVED: All DATE OF REPORT:February 21, 2020 REPORT NO.: DSD-20-040 SUBJECT: Collaborative Municipal Funding for Key Cultural Institutions 2019/2020 Summary ___________________________________________________________________ RECOMMENDATION: That staffbe directed to undertake a comprehensive review of the Collaborative Municipal Funding process, in partnership with Municipal Cultural Partners and Key Cultural Institutions, to identify opportunities to continuously improve the process, with any recommended changes being presented to Council for consideration in advance of the 2021 annual report. BACKGROUND: Brief History In May 2016, staff initiated the collaborative funding and assessment process by the Cities of Kitchener, Waterloo and the Region of Waterloo for the four Key Cultural Institutions (KCI). KCIs are large organizations that contribute to the social and economic prosperity of Waterloo Region, creating jobs and wealth, attracting visitors and stimulating creative thought and activity. There are currently four organizations in the Region that fit the KCI criteria:Canadian Clay and Glass Gallery(CCGG), Kitchener Waterloo Art Gallery(KWAG), Kitchener Waterloo Symphony (KWS), and THEMUSEUM. While these institutions are each independent, with their own boards of directors, executive directors, staff teams, and facilities, together they represent a significant asset and exert considerable influence locally. Reliable municipal operational funding is necessary to sustain the impact of these organizations and to leverage funding from other levels of government and private sources. The development of the collaborative fundingprocess was a recommendation of the Arts Sustainability Fund Review report (CAO-15-030) approved by Council in the fall of 2015.This initiative aims to consider the total funding for the KCIs and assess the equity of the fund allocation and ensure accountability of public funds. This collaborative approach recognizes that Cambridge, Kitchener, Waterloo and the Region are significant funders of the four *** This information is available in accessible formats upon request. *** Please call 519-741-2345 or TTY 1-866-969-9994for assistance. 5 - 1 organizations, and it is important for municipal staff to have an on-going understanding of their strengths and challenges. This collaborative approach has a number of benefits: Improved transparencyfor decision-making Improved accountabilityfor public funds Improved communicationbetween municipalities, KCIs and Councils Improved efficiencyfor KCIs and municipalities Overview of Collaborative Funding Process As part of the collaborative process, municipal staff meets with members of the staff and Boards of the individual KCIs to discuss their goals, accomplishments, challenges, and to plan for specific actions and outcomes for the upcoming year. The purpose of this discussion is to identify opportunities for further cooperation, possible measure to mitigate challenges, and a deeper understanding of each KCI and their work. Allocations for 2020 have been made to the KCIs through the annual budget process. The table below summarizes municipal contributions for 2020: Key Cultural Facility Facility KitchenerWaterloo Region CambridgeTotal Institution (Kitchener) (Waterloo) CCGG $96,459 $50,000 $146,459 KWAG$103,020 $225,170 $76,500 $404,690 KWS $253,003 $98,000 $385,662 $736,665 THEMUSEUM $125,483 $148,839 $45,000 $385,662 $704,984 TOTAL$125,483 $96,459 $730,032 $269,500 $771,324 $0 $1,992,798 THEMUSEUM Funding Requestand Operational Review While funding is a persistent challenge for all KCIs, during the 2019 collaborative funding process, THEMUSEUM requested a substantial increase to their operating grant.THEMUSEUM anticipated that without an increase to its municipal funding, it would need to significantly alter its operations. In response to this request, the Region of Waterloo and the City of Kitchener undertook a strategic review of the operations of THEMUSEUM.The aim of the review wasto provide a framework for THEMUSEUM and municipalities to understand the organization’s operations and whether municipal support should be adjusted to ensure THEMUSEUM's sustainability. This report summarizes the findings from the 2019 collaborative funding process and the findings from THEMUSEUM’s operational review. Findings from 2019/2020 Collaborative Funding Discussions In conversation with the Executive Directors and CEOs of the KCIs, a number of themes emerged: Maximizing space & facilities:KCIs explored how their physical spaces could be used differently to maximize the use of their facilities. The Canadian Clay and Glass Gallery 5 - 2 re-considered their main entrance and lobby, establishing a new exhibition space there. An unused interior courtyard was reimagined as a location for site-specific installations and the library was re-established as a centre for academic research. The Kitchener Waterloo Art Gallery completed a renovation of the lobby area that enhanced the visitor services experience, incorporated an education hub, and created accessible and gender-neutral washrooms within the facility’s existing footprint. The Kitchener Waterloo Symphony partnered with Green Light Arts to support increased use of the theatre. THEMUSEUM is developing an operating model that will increase the size of the facility and increase revenue. Cultivating strong attendance:KCIs indicatethatattendance, ticket sales and registrationcontinue to be strong, indicating that their programming offers relevance to the community. Balancingfinancial operational scarcity with high qualityprogramming:In order to maintain current levels of provincial and federal funding, the KCIs receiving these funds must demonstrate a high level of performance in organizational effectiveness and artistic and community programming. It is a strategic endeavour to balance this commitment with financial scarcity, especially reducing accumulated deficits. While maintaining their high professional standing with the Ontario Arts Council peer jury by offering high quality exhibition programming, KWAG, CCGG, and KWS have accommodated budget restrictions, including the elimination of staff positions and/or the reduction of salaries,to reduce deficits. These reductions have made it challenging for all three organizations to offer competitive staff compensation, and have impacted theirability to retain top talent. Developing strategies for effective communication with Councils: Many KCIs questioned the best way for them to share their work, impact, opportunities and challenges with municipal Councils. Increasing stable funding: Reliable and sustainable operating funding is needed. For most KCIs changes to funding at both the Federal and Provincial levels have created significant challenges.For most KCIs the landscape of corporate sponsorship and philanthropic giving has changed, resulting in the loss of many long-term sponsorship investments. This has required KCIs to change their approach and develop new philanthropic relationship—both of which are time and resource intensive. All KCIs expressed the need for increased municipal funding and investment to maintain the quality of programming, address staff resourcing needs, improve physical space and assets, and diversify programming and exhibits. Findings from THEMUSEUM Operational Review During the collaborative fundingprocess, THEMUSEUM requested a substantial increase to their operating grant. THEMUSEUM anticipated that without this increase, they would have to make significant changes to the scale and scope of their operations. In response to this request, the Region of Waterloo and the City of Kitchener undertook a strategic review of the operations 5 - 3 of THEMUSEUM.After developing a terms of reference for the project and soliciting consultant proposals, the partnersjointly appointedAngela Birdsellto conduct the review. The scope of worked included: A review of organization's purpose, mandate, programming and markets; An analysis of the organization's financial model; and, A review of THEMUSEUM’s capital expansion plan. The review included interviews with a numberof THEMUSEUM and community stakeholders, including staff, Board members, donors, partners, long time supporters, and other community leaders. It relied on extensive review and analysis of documentation provided by THEMUSEUM and funders, such as financial documentation, annual reports, grant applications, statistical data, web content and Board documentation.THEMUSEUM Review— Final Report Summarycan be found in Appendix A. The final report offered several conclusions: THEMUSEUM has a compelling Vision, Mission, and Mandate and a number of factors working inits favour such as established programming, member support, private foundation support, programming space in a building provided by the City of Kitchener, and a committed Board. THEMUSEUM has consistently incurred large operating deficits since 2009. Despite financial control mechanisms, the Board has approved expenditures of unrestricted reserves in the absence of plan to address ongoing sustainability. THEMUSEUM’s staffing in numbers and cost is close to double that of most comparative organizations. THEMUSEUM’s contention that it is underfundedby municipal fundersis not supported by research of comparative organizations. Opportunities exist for THEMUSEUM to operate within its existing budgets. The final report contained several recommendations for THEMUSEUM’s operations, including suggestions on reducing expenditures, assessing the cost-benefit of various operational areas, budgeting, and feasibility planning for the proposed capital expansion. THEMUSEUM has already implemented many of these recommendations. In partnership, THEMUSEUM and municipal funders have developed a conditional 3-year funding agreement as recommended in the report. The conditional funding agreement supports THEMUSEUM to achieve sustainability, ensures responsible stewardship of public funds, and mirrors funding best practices in art funding jurisdictions (e.g. Ontario Arts Council and Canada Council for the Arts), while maintaining the current funding envelope. Municipal funders have offered in-kind services to further support THEMUSEUM’s operations. During the annual collaborative funding process for 2021, THEMUSEUM will be assessed against these funding conditions. 5 - 4 Next Steps in Collaborative Funding Process Improvement In addition to following the established cycle of the collaborative funding and assessment process, the Municipal Cultural Initiatives Working Group will review and refine the process with a view to rationalizing the municipal funding allocations, building equity, and increasing transparency. The planned cycle of the collaborative funding and assessment processis outlined in the table below: Annual CyclePlanned activities Q1Municipal staff process KCI grants within each independent budget process Q2Municipal staff submit joint summary report to the individual councils (this report) Municipal and KCI staff meet to assess process and results KCIs present annual overview to All Council Meeting Q3KCIs submit individual reports onprevious fiscal year KCIs request funding for upcoming year through Municipal Working Group Municipal staff meet with each KCIto review reports and discuss needs Q4Municipal staff summarize discussion in form of strengths, challenges and planned actions for each KCI Municipal staff collaboratively identify potential budget issues Municipal staff recommend KCI funding allocation to council as part of each municipal budget process (issue paper if needed) 2020 marks the fifth year in which the collaborative funding approach has been utilized. As such, it represents an opportunity to assess the value and benefit of this process. Feedback on the collaborative municipal funding and assessment process has been mixed.In particular, this coordinated approach has given staff a clearer picture of the complete funding profile of each KCI. In doing so, this has provided staff with more insight into the opportunities and challenges unique to large cultural institutions. Likewise, the process has provided municipal funders with more performance data, coordinated advocacy for the greater benefit of the sector, and strengthened relationships between cultural organizations and municipal staff. However, this process has not yet been able to address serious concerns about the sufficiency and equity of funding for KCIs. This question was at the centre of the 2019 operational review of THEMUSEUM. To this end, the Municipal Cultural Initiatives Working Group will consideroptions and opportunities to address these concerns, among others, and share any findings and recommendations with Council before the 2021 report. CONCLUSION: The KCI’s continue to provide a valued contribution to our community and economy. Given the changing landscape under which the KCIs operate, it is important for municipalities to continually explore opportunities to support each organization within their unique mandates and operating 5 - 5 situations. As such, staff will consider opportunities to enhance the Collaborative Funding approach, to better meet the needs of our KCIs while ensuring community benefits shared across municipal boundaries are realized. ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN: The recommendation of this report supports the achievement of the city’s strategic vision through the delivery of core service. FINANCIAL IMPLICATIONS: None. The actual funding amounts and any related decisions continue to be made by the City of Kitchener as part of the annual budget process. COMMUNITY ENGAGEMENT: INFORM – This report has been posted to the City’s website with the agenda in advance of the council / committee meeting. COLLABORATE – Collaboration with regional partners has been extensive through the Municipal Cultural Initiatives Working Group, community partners at the Key Cultural Institutions and various stakeholders through previous meetings with partners and the Arts and Culture Advisory Committee meetings. PREVIOUS CONSIDERATION OF THIS MATTER: CAO-18-012 Collaborative Municipal Funding for Key Cultural Institutions: Year 2 Summary CAO-17-015 Key Cultural Institutions CAO-15-030 Arts Sustainability Fund Review ACKNOWLEDGED BY: Justin Readman, General Manager, Developments Services 5 - 6 THEMUSEUM Review – Final ReportSummary Angela Birdsell, M.M., MBA, Arts Management Consulting, Dec 16, 2019 Table of Contents Introduction ........................................................................................................................................................ 1 Mission, Vision, Programming and Markets ....................................................................................................... 1 Finances ............................................................................................................................................................ 3 Expansion Plans .............................................................................................................................................. 11 Conclusions and Recommendations................................................................................................................ 14 Introduction This organizational review of the THEMUSEUM includes a review of its vision, mandate, markets, operations, finances and expansion plans. The purpose is for the Region of Waterloo and City of Kitchener to consider options to maximize the organization’s potential for short- and long-term sustainability and success and, for funders to recommend an informed approach by Councils to address THEMUSEUM’s request for additional operating funding and consideration with regards to a potential expansion strategy. The review included interviews with a number of THEMUSEUM and community stakeholders, including staff, Board members, donors, partners, long time supporters, and other community leaders. It relied on extensive review and analysis of documentation provided by THEMUSEUM and funders, such as financial documentation, annual reports, grant applications, statistical data, web content and Board documentation. This report includes findings which should assist the funders and THEMUSEUM to engage constructively to ensure THEMUSEUM is a sustainable, dynamic cultural institution in the cities and Region. Mission, Vision, Programming and Markets Beginning in 2003 as the Waterloo Region Children’s Museum, research conducted by the organization indicated that there were an insufficient number of children in the geographic catchment area to support a uniquely children’s museum and, that there was an excess of space to warrant programming exclusively for children. THEMUSEUM determined greater opportunity for revenue generation would be provided by a mixed program offering. Since 2007, THEMUSEUM has hosted exhibits with multi-faceted and intersecting themes, including art, technology, popular culture, science, health, wellness and the environment. Its programming is developed around four pillars which help to understand the organization’s focal points: Exhibitions Community State Museum after Dark Family Experiences 1 5 - 7 Exhibits have entailed a mix of permanent, curated and sourced exhibitions including large-scale branded shows targeted at families and adults and at times includes programming targeted to specific groups, such as millennials. THEMUSEUM is placing growing emphasis on technology, digital arts and adult programming. Stakeholders speak very positively of the past program achievements of THEMUSEUM. The range of expectations and understanding of THEMUSEUM’s future programming and its target audiences is quite varied among respondents. Significant divergence in understanding of the vision of THEMUSEUM was reflected in interviews with donors, board members, community supporters, members, staff, and the public. It will be important for THEMUSEUM to articulate a clear and honed strategic direction if it is going to gain support for an expansion among donors and governments. Visitor Attendance THEMUSEUM has a loyal membership base for its multi- themed programming. A review of attendance statistics indicate that most of those who visit THEMUSEUM are families, children and members. This encompasses 80,000 – 90,000 visits per year. As of May 31, 2019: 63% of visitors are children and families THEMUSEUM had 1,067 members which generated 15,342 member visits including children 45% of members say they visit monthly (Metroline) Metroline Market Research In 2018, THEMUSEUM undertook a survey through Metroline Market Research to gain a clearer understanding of what a “critical mass of arts and culture activity” in downtown Kitchener meant for the community. The research objectives were to: understand general awareness of THEMUSEUM explore the current perceived strengths of the organization explore what changes could or should be made to enhance or make THEMUSEUM more relevant and interesting understand awareness of the potential change in the organization to take over more property and expand The research included 1027 survey responses and a focus groups. Key findings of the Metroline Research included: Awareness: generally, there is good awareness for THEMUSEUM’s programming. The highest areas of awareness was of the Dinosaurs exhibition, the lowest areas of awareness were of Dance Mix 90s, Studio 54 and Interaction. Areas for Improvement: Suggestions for improvement related to cost, variety, location and parking issues, and increasing general awareness of THEMUSEUM. Family Experience: 87% of respondents have a positive impression of THEMUSEUM stating that the space is welcoming for whole family. Collaboration: 74% of respondents said collaboration with other institutions like universities, museums, tech companies, and arts and cultural organizations was “very important”. 2 5 - 8 Respondent interest: 81% of respondents were interested in larger, well known exhibitions 69% wanted to see more special events 68% wanted more family programming Non-members and those who attend less frequently are interested in live music, special events, adult programming. Regular attenders are more likely to find family experiences or events for the whole family more important than those who are not regular attenders or members. Conclusions: Mission, Vision, Programming and Markets While there is wide support among stakeholders for THEMUSEUM’s past programming, its future plans are not necessarily well-socialized or understood by stakeholders, many of whom have divergent viewpoints or understandings of where the organization is heading or should be heading. Stakeholder descriptors of the forward vision varies including; ‘more ROM-like exhibitions’ to ‘less ROM-line exhibitions’, more curated digital arts, more STEAM programming, live music, more family programming / less family programming. Multiple users have multiple priorities as evidenced in the Metroline Research and stakeholder conversations. Internally, THEMUSEUM may have a clear idea of its vision, however, when its stakeholders have dramatically divergent expectations/priorities, an organization risks attempting to be all things to all people. This prevents strategic and effective use of its finite resources. A clear picture of the future is the only way an organization will be able to raise capital to achieve its vision. Finances In 2018, THEMUSEUM requested that municipal and regional funders increase support by 58% to bridge the operating deficit and to set it up for a capital campaign. As a result, an analysis of THEMUSEUM’s finances is a key component of the operational review. Current Position At Year End 2018 THEMUSEUM held $2,037,883 in reserves, $1 million of which is donor-restricted. At Year End 2019, at the time of the report it was estimated that approximately $300,000 will remain in Board-restricted 1 reserves. At the current rate of expenditure it is estimated that THEMUSEUM would draw down all reserves by December 31, 2019. A line of credit of $350,000 is available to THEMUSEUM. If the organization continues to operate at current spending levels, it would have $62,000 in available cash through its line of credit at its fiscal year-end of June 30, 2020. The Board has not articulated a plan for sustainability beyond December 2019, other than to request that municipal and regional governments cover the annual shortfall in an amount of approximately $400,000 in increased operating support. The review demonstrates that increased support in the past from municipalities has been followed by higher deficits, roughly in the same amount of the funding increase. There is no evidence that funders have provided assurance of an increase to THEMUSEUM since the Region’s Per Capita / Arts Sustainability Fund increase in 2011 (to $300,000 per year from $75,000). THEMUSEUM currently has no debt. If it draws on the line of credit, THEMUSEUM would be in a position of 2 liability. It is the opinion of this review2that expense reductions could be implemented, potentially avoiding the need to access credit in early 2020. Over 2019-20, cost reductions could potentially result in a balanced budget at year end. 1 As determined in Sep 2019. 2 As above. 3 5 - 9 Revenues and Expenditures 2011-2018 The review examined the last eight years of financial performance presented by THEMUSEUM to identify trends and potential issues that fall outside of industry norms. 3 THEMUSEUM Financial Performance from 2011-2018 Revenues Earned revenues have seen little variance over the past six years (2013-2018). Fundraising and sponsorship show a general decline since 2011-2013, with lowest years in 2015-16. 4 . Municipal funding has remained relatively stable Federal and Provincial grants are variable because they are project rather than operating grants. The highest year was in 2012, as are Foundation grants. Expenses Salaries and Benefits were significantly increased in2017 and 2018 Exhibit & marketing costs are variable, year over year. Program costs were increased by 50% in 2018. Facilities costs are stable. The building is provided by the City of Kitchener. Revenue over Expenditure Operating deficits have been consistently incurred in amounts ranging from $260,000 - $550,000 every year between 2011 and 2018. These have been offset by drawing down reserves 3 This information was provided by THEMUSEUM to the reviewer. 4 Funding from The Region increased in 2011 from $75,000 to $300,000. 4 5 - 10 As a note: Deferred capital contribution/amortization should be netted as an expense for more accurate operating results. In doing so, it becomes clear that THEMUSEUM operated with slightly over $2million in revenues and $2.6 million in expenditures in 2018, a deficit of approximately 30% of actual revenues. Budgeting and Financial Stewardship Annually, management of THEMUSEUM undergoes a budget planning process. The budget is then presented to the Board for approval each year. Approved budgets include revenue assumptions that would provide break- even results if achieved. Annual financial audits are also approved by the Board each year. Since 2011, no financial audit has reported break-even results, rather, operating losses have ranged from 10% - 30% of revenues. THEMUSEUM’s Board Executive reports that it regularly reviews its financial performance through a number of means including bi-monthly monitoring of budget vs actuals, monitoring project costing and profit margin scenarios. Stop Light reports are generated for various program areas. Despite these standard financial practices, this operational review brings to light some issues: While progress against targets appears to be carefully monitored, it is unclear what mitigation strategies are taken to address revenue shortfalls/expenses when they are incurred. The rationale for the Board to annually approve balanced budgets in the face of consistent operating losses is not clear. The rationale for submission of the approved balanced budgets to municipal funders – given historical precedence of THEMUSEUM’s financial results – is also not clear. Conclusions THEMUSEUM Board annually runs operating deficits without a plan for sustainability following depletion of reserves. In the case of budget submissions by THEMUSEUM which have no basis in historical achievement, funders may consider withholding grant disbursements pending the submission of achievable budgets. This is common practice in provincial and federal funding agencies and is discussed later in the review under the recommendation for a 3-year conditional funding agreement. Financial Performance in a Broader Context Comparative Organizations: To help contextualize operational choices and financial performance of THEMUSEUM, this review identified a number of organizations for comparison. This is intended to assist in learning about, and gaining a broad perspective of non-profit exhibition organizations such as museums, galleries, discovery centres and digital arts centres. The comparators were chosen based on a number of criteria: Operating Model: THEMUSEUM follows a gallery/interpretation centre operating model with opening hours when people can choose to come or not, with changing exhibitions and supplemented by group visits, educational programs, special events and rentals. Programming themes: founded on its roots as a Children’s Museum, THEMUSEUM’s programming also explores the intersection between science, technology and art. 5 Revenues: THEMUSEUM has average revenues of slightly over $2 million Funding Model: THEMUSEUM is a registered not-for-profit organization and receives funding from municipalities. Location: It is noted that community has a unique ecology for revenue generation. 5 with amortization netted as an expense. 5 5 - 11 Population size: THEMUSEUM primarily serves the Region of Waterloo, with a population of approximately 600,000. The population in a catchment area of a cultural organization will potentially impact revenues (gate, memberships, rentals, donations etc.) and programming choices. A detailed analysis of the programming, operating hours, school and education programs, ticketed and special events is not part of this review. Comparators are used primarily to understand THEMUSEUM’s revenues, staff levels and compensation within the broader context. THEMUSEUM has stated through feedback on this review, that it does not accept comparison with other non- profit cultural organizations. This report takes that view into consideration, but maintains that comparisons are useful in terms of understanding the cultural sector and industry norms. 6 Selected Comparator Organizations REVENUE STREAMS Comparison of Revenue Streams (public, private, earned) The review compares THEMUSEUM’s three funding streams (earned, government/public and 7 contributed/private). Comparisons with the four Regional Key Cultural Institutions (KCIs) as a cohort are provided separately. 6 THEMUSEUM revenues include amortization. Y/E 2019 revenues are approximately $2 million before amortization of deferred capital contribution. The Discovery Centre revenues include capital campaign revenues and campaign-related staffing. The number above excludes capital funds. 7 KCIs include Canadian Clay and Glass Gallery, Kitchener-Waterloo Art Gallery, Kitchener-Waterloo Symphony and THEMUSEUM. 6 5 - 12 8 Revenues of Comparison Organizations (2018) Government funding Government revenue is 3% points below average of comparative organizations Earned revenue THEMUSEUM is relatively strong in earned revenue (57%). Earned revenue of THEMUSEUM is within the top half of comparators. The average is 43%. 8 *KWAG and The Power P lant do not charge admission. The Discovery Centre revenue includes @ $4.8 m in revenue related to capital campaign. This will logically result in higher than usual private and government revenues. Normal operating revenues sit at approximately $3.3 M. The Phi Centre in Montreal is not included in revenue analysis because it does not have government funding, but is rather solely supported by private contributions and earned revenue. The Ottawa Art Gallery is not included because it is a line item in the City of Ottawa budget; therefore its public revenue streams are not appropriate as a basis for comparison. 7 5 - 13 Private funding(fundraising, sponsorships and non-government grants) THEMUSEUM is on par with children’s museums in this revenue category. At 16%, private revenue is below the average of 27% of comparison organizations. 2018 Revenue comparisons with the Region’s Key Cultural Institutions (KCI)s In comparing the three revenue streams of Region’s KCIs: THEMUSEUM is supported by the area municipalities and the Region at strong levels comparable to other KCIs, including in- kind infrastructure support. THEMUSEUM has the highest proportion of earned revenue of the KCIs. KWAG and CCGG do not charge admission. CCGG’s earned revenue is largely attributable to gift shop. THEMUSEUM receives less than other KCIs from federal and provincial sources. Fundraising and sponsorship is low relative to KCIs. EXPENDITURES Staffing THEMUSEUM’s total staffing costs are 57% of revenues (or 74% if amortization is netted out as an expense 9 bringing THEMUSEUM’s operating revenues in 2018 to $2,038,931). Staffing costs were significantly increased in the past two years (see p 4). THEMUSEUM has close to double, by number and/or %, the FT staff contingent as institutions with comparable or lower revenues. As staffing expenditures arguably account for THEMUSEUM’s operating deficits, this area is a key focus of the review. 9 Based on 2018 revenues of $2,515,939 in the chart on p 4, and staffing costs of $1,513,223. With deferred capital contribution $477,008 and amortization $531,245 netted out as an expense, this provides a truer picture of operating revenues which are $2,038,931. As such, staffing costs are 74% of revenues in 2018. Of the comparator organizations indicated above, The Power Plant’s revenues do represent the net amortization amount, the remainder, drawn from CRA data, do not. 8 5 - 14 Staff are well-regarded by those interviewed during this review for commitment and professionalism. In its employee manual, THEMUSEUM demonstrates robust staff policies including employer/employee responsibilities, workplace health and safety policies, code of conduct, human resources policies and job descriptions exist for each position. This review has not explored THEMUSEUM’s approach to performance evaluations. The table below compares staffing levels and compensation of comparator organizations relative to revenues. Data is from CRA Charities listing returns 2018. 10 Full Time (FT) and Part Time (PT) staff relative to revenues, 2018 Cultural Human Resources Council of Canada (CHRC) 11 The review also draws on the 2017 CHRC report on compensation published on May 2, 2018. It surveyed over 400 cultural non-profit organizations across Canada on compensation, benefits, staffing contingents and other workforce trends. Results are grouped into five categories of organization by annual revenues from less than $100,000 to over $5,000,000. Ninety-nine (99) organizations reported in the $1 m - $5 m annual revenues category. The average number of Full Time staff in this reporting category is 10. 10 While Ottawa Art Gallery, a municipal gallery, has a relatively large F/T staff contingent, its staffing costs are 32% of revenues. 11 The Full CHRC Report can be found here:https://www.culturalhrc.ca/research/cross-sectoral 9 5 - 15 Cultural Human Resources Council of Canada (CHRC). 2017 workforce data, p 9. 12 Percentage of Full Time and Part Time staff Most cultural organizations opt for a smaller core full-time staff supplemented by a larger number of part time staff. Part time and casual labour provides flexibility to be responsive to programming ebbs and flows typical of programming by small-to mid-sized not-for-profit cultural organizations. 12 While Ottawa Art Gallery has a similar proportion of F/T staff, total staffing costs relative to revenues of OAG (32%) are significantly lower than THEMUSEUM (57%). 10 5 - 16 Finally, compensation as a percentage of revenues for the comparator organizations is provided below. Expansion Plans Rationale THEMUSEUM has stated that its future viability is pinned to expansion, in order to mitigate current space limitations, accommodate expanded programming aspirations, and ensure financial sustainability. THEMUSEUM’s expanded programming over the past 9 years reflects its move away from being solely a Children’s Museum. However, for expanded programming, THEMUSEUM has determined that the current space configuration is problematic. Some key challenges include: Children’s activities are front and centre on entry Upper level galleries are not suitable for large groups of children Noise presents a barrier to differentiated activity Open space hinders bumping in exhibitions and concurrent rental activity There is a lack of contiguous space for large exhibitions With the assistance of a consultant (approximately 10 years ago) THEMUSEUM articulated a need for: Theatre Space Swing Space Loading Dock 14,000 square feet of Contiguous Exhibition Space Permanent Family Experience 13 Café /hospitality 13 Café space has been achieved at street level. 11 5 - 17 Expansion Campaign Study – Ketchum Canada Inc. (KCI) 2018 In October 2018 THEMUSEUM secured KCI, a reputable campaign feasibility research firm, to explore the feasibility of a capital campaign. The study found that: There is strong support for cultural block in downtown Kitchener THEMUSEUM has done groundwork to begin socializing the concept Fundraising capacity was validated $10 million in potential funds, not the original target of $25 million Few donors self-identified as transformative level donors Major gift capacity is not evidenced The organization lacks an established, ongoing donor base to draw on for a campaign Strategic considerations were identified by the Ketchum study. These included: THEMUSEUM’s case needs to be more fully developed including well-constructed business and operational plans THEMUSEUM must build trust and relationships with other organizations. Major gift relationships need time to build (up to 5 years from initial engagement) THEMUSEUM has a fledgling donor base, and must develop long-term ongoing supporters THEMUSEUM will need fully developed business and operating plans before approaching prospective donors THEMUSEUM must address the operating deficit, as qualified donors will see this as a concern. Expansion Planning As part of this review, THEMUSEUM shared drawings of the potential expansion. Drawings of the Queen & King Street proposal include a number of exterior renderings such as the sample below. 12 5 - 18 Exterior renderings lack the specificity that investors are likely to expect, including and especially government funders. A full feasibility study would include, but not be limited to: business analysis that demonstrates the impact of current space deficiencies on operating revenue and an outline of increased revenue potential against operating costs in an expansion business analysis outlining the impact expanded space or phased in added components (loading dock, theatre) would have on programs, operations and services to the community; cost-benefit analysis of the expansion a comprehensive plan, description and rendering of planned interior programming areas, service areas, back of house, public spaces, retail and hospitality, and allocation of community-based spaces detailed operating costs during and following on the expansion detailed programming types and offerings in an expanded facility and expected audiences expansion budget: expected revenues and development expense, including a cash flow analysis over the life of a project that is green-lighted timeline for the expansion and a focused strategic plan with specific goals, objectives and key performance indicators THEMUSEUM has a number of challenges to address prior to embarking on an expansion. These include THEMUSEUM’s chronic operating deficit; the lack of a clear, the lack of the detailed expansion plan; and an underdeveloped donor base, including both high net worth individuals and especially broad-based and regular individual donors, the latter of whom will be critical for THEMUSEUM to develop prior to embarking on a campaign. The impact of expansion on operations would need to a key part of the planning process, including alignment with re-building of reserves ring-fencing campaign revenues and expenses from operations ensuring transparency and CRA compliance with all campaign revenues Conclusions - Expansion Following its consistent operating deficits, THEMUSEUM has expended its reserves and has made an appeal to funders for an operating increase. Capital expansion is not currently advisable, nor likely to be successful when an organization’s financial position is under this level of duress. The operating deficit must be addressed by THEMUSEUM prior to embarking on a capital project. THEMUSEUM likely will need to make strategic decisions on programming and operations to function within its current revenues. Large scale programming projects (e.g. major exhibitions) should not be committed going forward without confirmed sponsorship and realistic revenue projections. This will enhance the liability risk for THEMUSEUM. Comprehensive work developing expansion plans including programming remains to be done. THEMUSEUM will need to be clear and specific on what an expansion will achieve in programming and results. This will be critical to demonstrate the potential for success to donors and governments. THEMUSEUM still needs to develop and steward a consistent donor base that both pre-dates and would extend beyond the campaign. This will be critical for the success of any capital campaign going forward. 13 5 - 19 If developed, an expansion plan should be based on a $10 m goal at this time, potentially with phased- 14 in developments (such as a loading dock) . A high degree of rigour must be applied to all levels of planning & operations. o Trillium Foundation and Canadian Cultural Spaces offer feasibility study support (matching $75k) to successful applicants, which could be donor-matched. Once an organization is campaign-ready, generally upfront investment is required, given that organizations must budget and pay for campaign and project expenses for up to 10 years as a campaign and construction project unfold. A campaign is highly visible: Stakeholders are vigilant on key milestones, the delivery on campaign promises Conclusions and Recommendations THEMUSEUM has a compelling Vision, Mission, and Mandate and a number of factors working in its favour such as: Visibility Established programming Member support Programming space in a building provided by City of Kitchener Reliable municipal and Regional government funding, and project-based federal and provincial funding Private foundation support No debt (until early 2020 if status quo is maintained) A committed Board THEMUSEUM has consistently incurred large operating deficits since 2009. Despite financial control mechanisms, the Board has approved expenditures of unrestricted reserves in the absence of plan to address ongoing sustainability. 15 Under the status quo THEMUSEUM’s unrestricted reserves will be depleted as of 31 December 2019, and THEMUSEUM will likely have a $300,000 line of credit liability as of June 2020. THEMUSEUM’s staffing in numbers and cost is close to double that of most comparative organizations. Immediate action to address costs may enable THEMUSEUM to break even at Y/E 2020 and enable it to begin to stabilize over three years. THEMUSEUM’s contention that it is underfunded is not supported by research of comparative organizations. Options for THEMUSEUM Like all organizations, THEMUSEUM can only act on areas within its control, such as: Realistic budgeting Expenditure management to balance the operating budget Financial stewardship 14 THEMUSEUM could triage and prioritize identified needs. For example, what might options for a loading dock be on the existing premises and how would it benefit / hinder programs and services? All modeling should include a detailed cost-benefit analysis. 15 Based on data available in August 2019. 14 5 - 20 Strategic program decisions which are focussed, affordable, and efficiently delivered Programming business cases that include staff resourcing implications. Areas not within THEMUSEUM’s control can be anticipated and strategically mitigated. Unforeseen circumstances impacting costs Public funding outcomes THEMUSEUM has a number of options to consider Option 1: Maintain the status quo and pursue expansion The case for this is not strong. As of Jan 2020 THEMUSEUM will begin to incur liability. Campaign donors may view their potential contributions as at risk of plugging operational deficits representing a major liability for a capital campaign. Failure to address operating deficits may put public funding at risk. Option 2: Wind down operations THEMUSEUM has good support in the community, including consistent municipal and Regional support, is provided a building in which to operate by the City of Kitchener, and most importantly, currently has no debt. The public supports its programs, and THEMUSEUM has had significant levels of government and philanthropic investment since 2007. Re-starting an organization in the space currently occupied by THEMUSEUM would require re-building relationships and trust in the community, and starting at ground zero with government funders. THEMUSEUM has stated that it may have no option but to close if municipal and regional funders do not increase funding support. This review has sought to demonstrate that THEMUSEUM is under no obligation to shut down operations. Rather, through any number of financial, operational or programming mitigation strategies, it may continue to operate, arguably without sizable loss of programming service. It is the opinion of this review that THEMUSEUM’s contention that it cannot address its deficit in order to continue operations is rather, indicative of its lack of willingness to do so. Option 3: Transition to a balanced and sustainable operating model 3.1) Address Expenses 16 THEMUSEUM has five (5) monthsto reduce expenses to achieve a more favourable December 31, 2019 result. THEMUSEUM could consider capturing self-generated streams in a format that would enable it to analyze revenues by program area. 17 THEMUSEUM should undertake cost-benefit analysis of revenues and expenditures. This should include an analysis of revenue streams and return on investment in full-time staffing and an analysis of self-generated revenues by program area to assist it with strategic decisions to balance its budget. THEMUSEUM should carefully consider any major financial commitments until business cases are fully developed and sponsorships are secured. Any decision that risks the need to incur debt should be carefully considered. Establish an independent finance committee of THEMUSEUM Board, which could draw on external expertise, to help with: 16 As at Aug 2019, time of the agreed review parameters. 17 It could be an interesting exercise for THEMUSEUM to examine Phi program outcomes as privately supported organization. 15 5 - 21 o Realistic budget planning, cash flow planning, analytical review to identify revenue and expense trends. o Monitoring against budget for all funders and monthly monitoring and mitigation strategies. o Ensuring financial targets remain on track. o Board evaluation and senior leadership performance evaluation should include performance against financial objectives. 3.2) Develop operational (annual) fundraising capacity. This will help set the stage for a capital campaign. 3.3) Undertake feasibility research and, pending outcomes, lay out a detailed business case for a phased expansion plan. Detailed planning should include: o Detailed program, including focus and markets o Prioritized list of requirements o Timeline o Operational Implications o Operating Program costs o Revenue Streams Options for Funders In cases where an organization has put itself at financial risk, it is common for funders to implement a conditional funding agreement at current funding levels. This normally includes periodic funding disbursements conditional on regular reporting requirements that may include financial targets, and the provision to withhold disbursements if agreements are not met. In the majority of cases this is an effective tool in assisting a company to re-organize, stabilize and transition over a period of time. To protect public investment, to ensure public transparency of funding and to mitigate negative precedent- setting in the wider community through funding decisions, government funders do not generally reward organizations which chronically spend more than they bring in. The conclusion of this review is for the cities and the Region. In the experience of this reviewer, increasing support to an organization that does not undertake the difficult work of focussing on its own mitigation strategies, rarely provides the desired results of organizational health and sustainability. Municipal and Regional funders may wish to require that all Board members sign the approved budget submission of THEMUSEUM as a condition of funding as well as quarterly projections and actuals. Option 1: Status Quo (Not recommended) There is potential for THEMUSEUM to incur liability by mid-2020 in the event that it is not compelled to mitigate operating costs. It is problematic to continue to provide support to an organization which is not stewarding public funding responsibly, while this remains a requirement of other KCIs. Option 2: Increase Support to THEMUSEUM (Not recommended) While this may alleviate in THEMUSEUM’s revenue gap in the short term, the lack of an operational plan does not provide confidence that additional support will address THEMUSEUM’s issues. It is the opinion of this review that THEMUSEUM’s cost structure should be addressed by THEMUSEUM. Increasing support could result in negative fallout within the broader arts community; 16 5 - 22 given the expressed funding needs of KCIs and other arts organizations; rewarding deficit operations may set a concerning precedent; THEMUSEUM has a record of deficit spending that increased in tandem with regional funding 18 increases. Option 3: Find alternative use for THEMUSEUM venue (Modelling has not been undertaken) Option 4: A Conditional 3-year Funding Agreement (Recommended) This would be predicated on achievement of operational surpluses by THEMUSEUM within the current funding envelope. This approach: prompts THEMUSEUM to continue to operate and achieve sustainability; ensures responsible stewardship of public funds; mirrors funding best practice in developed arts funding jurisdictions, especially at federal and provincial levels, and also in many municipalities; includes potential funding reductions if funding conditions are not met. Municipal and Regional Funders may also consider appointing a staff controller or controllers to sit on THEMUSEUM Finance committee. Option 5: Decrease or suspend funding to THEMUSEUM Should THEMUSEUM fail to address the operating deficit through a conditional program of support, or should it suspend, or largely scale back operations, funders may wish to consider immediate or phased withdrawal of support. 18 In 2010 THEMUSEUM received an increase in support from The Region to $300,000 from $75,000. In 2011, the first full year of reporting the $300,000, THEMUSEUM incurred a deficit of $274,000. 17 5 - 23