These charts show tuition increasing at a steady rate, while fundraising (memberships and donations) remains relatively flat.
Tuition does not cover the cost of putting on the workshops (if so, tuition would be at around $1,020 instead of $825) so the EEFC has relied on the EEFC Board or Directors to fundraise to make up the difference.
There has been concern for a while that tuition is reaching a ceiling, but to keep tuition stable (or ideally, reduce it) past boards have seen two options:
- Cut workshop expenses (i.e., teachers, programming, kitchen etc.).
- Bring in more revenue
Option 1 has the unpredictable risk of reduced attendance due to a diminished program, so option 2 seemed the better choice.
But years of past attempts at bringing in more revenue have proven unsuccessful.
So we decided that the EEFC needed to bring in someone with a high level of
planning and development experience who can grow the organization through
increased community outreach, expanded programming, and strategic fundraising.
We grouped EEFC tasks in three areas. Office and Workshop Management which cover current tasks. And a new area of directing and development.
Here are graphs of the income versus expenses for Fiscal Year 2011. Download pdf.
And a graph showing actual expenses in Fiscal Year 2011 (same as in chart above) versus projected expenses for Fiscal Year 2012. Download pdf.
