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Celtic Arts Foundation

Read about the achievements and financial highlights of the Celtic Arts Foundation in 2015. Discover how donations, events, and programs have contributed to the organization's success and its plans for the future.

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Celtic Arts Foundation

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  1. Celtic Arts Foundation Annual General Meeting Annual Report January 8, 2016

  2. What a difference a couple of years can make!

  3. January 7, 2014

  4. January 9, 2015

  5. Late December, 2015 January 9, 2015

  6. With profound & heartfelt thanks to: CAF “Standing Stone” donors – contributing $1000 or more Laura & Edmund Wattis Littlefield, Jr. Total contribution to project: $1.82m

  7. Our CAF Board

  8. The BEST volunteers ever!

  9. Donors, CAF Members, Event Sponsors & Friends

  10. Key Results of CAF for 2015 • Littlefield Celtic Center (LCC) completed and paid for (no debt). • Additional fundraising success, most significantly $245,000 from Murdock Charitable Trust. • Increased investment reserves almost 75% (from $42K to $73K) • Successfully completed all planned programs • Expanded US work visa program for BC Pipers’ Association. • Implemented new event software. • Increased membership and initiated new LCC activities.

  11. Balance Sheet Highlights- DRAFT - Assets: 20152014 Cash and Bank Accounts: $ 145,564 $1,366,383 Investments: $ 74,152 $ 42,321 A/R & Prepaid Expense: $ 17,321$ 4,900 Total Current Assets: $ 237,037 $1,413,604 Property & CAF Building: $2,221,760 $ 738,112 Accumulated Depreciation: ($ 49,198) ($ 12,158) Total Assets: $ 2,409,599$2,139,558

  12. Balance Sheet Highlights - 2 20152014 Liabilities (Total liabilities): $ 765 $ 657 Equity: Temp. Restricted Assets $ 29,199 $ 18,209 Unrestricted Net Assets: $ 2,108,598 $ 404,070 Other Comp. income:$ 178 $ 631 Net Income $ 264,862$ 1,715,990 Total Equity: $ 2,402,836 $ 2,138,901 Total Liabilities & Equity $ 2,403,601$ 2,139,558

  13. Operating Statement Highlights- DRAFT - • Revenue: $ 832,715 • Foundation and Trusts: $ 446,000 (54%) • Direct support (donations): $ 45,664 ( 5%) • Government Grants: $ 10,180 ( 1%) • Interest/Investment income: $ 1,745 (<1%) • Membership: $ 8,159 ( 1%) • Program: $ 289,702 (35%) • Whisky event: $ 23,510 ( 3%) • Sales of merchandise: $ 8,189 ( 1%)

  14. Operating Expenses • Employees & Contractors: $139,342 • H. Games awards/judges: $ 26,198 • Mission related expenses: $ 6,705 • Special events costs: $ 35,699 • Facilities expenses: $109,009 • Performers costs: $ 93,910 • General operating expense: $146,432 • Includes depreciation • Vol. recognition/mtng exp.: $ 4,562 Total Expenses: $561,857

  15. So the financial bottom line is… • The Celtic Arts Foundation has developed a strong Balance Sheet. (No money, no mission!) • For the 11th straight year, CAF has generated a surplus from operations. • We own the property and building at 1124 Cleveland Avenue outright; and are building financial reserves • Focus on organizational development and careful planning and implementation of systems for coordinated and strategic growth.

  16. And our mission “bottom line…” • Expanding Celtic musical and cultural activities (slowly, strategically and carefully!). • Producing world-class performances. • Encouraging and promoting our culture and heritage in formal and informal ways!

  17. Commitment to Sustaining CAF • James “Doc” Monroe Endowment fund • The need for donors of ALL capacities to continue supporting our work • Major donor commitments to assist in the funding of operations • Planned giving and other programs are being established • Balancing mission programs and opportunities with financial realities • Pursuit of grants and opportunities consistent with our purpose

  18. What’s in store for the LCC in 2016? • Programs, sessions and fun! • 25th Robert Burns Event, Saturday, January 16th • Cape Breton Night, Thursday, February 18th

  19. Masters of Scottish Arts Concert at Benaroya Hall in Seattle Friday, February 12 at 7:30pm. “Flying Scotsman” transportation available!

  20. Our 22nd annual Highland Games among other things! • “Usual” major events are scheduled for 2016 • Aforementioned special events • Celtic Arts Winter School programs in February • Skagit Valley Highland Games July 9-10 • Numerous new concerts and programs here at LCC

  21. How you can help in 2016 • Attend our events, and bring a friend! • Volunteer! • Continue financially supporting CAF!

  22. Questions, suggestion & ideas

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