Our PAC is under construction. At this time, the college has one employee to operate the facility upon completion: me.
Having visited other college auditoriums and PAC's, I see that there are a variety of models for management and funding.
Some are funded entirely by the college and support mostly a performing arts department with the bulk of the crew coming from the student body. Revenue is funneled back to scholarship funds.
Some are owned by the college, but operated by a seperate 501(c) (3) organization with some staff crossover but essentially self-funded by earned income and sponsorships.
Another is approx. 50% funded by the school and 50% by earned income and sponsorship with all employees working directly for the school. Again, this school presents 50 - 80% school-generated academic product and the balance is professional presenting and rental.
Still others are owned and operated by the college, but outsource some of their services such as box office and even programming.
Let us assume that our venue's programming will be 40% academic, 20% presenting and 40% rental.
Who out there has the ideal business model?
Having visited other college auditoriums and PAC's, I see that there are a variety of models for management and funding.
Some are funded entirely by the college and support mostly a performing arts department with the bulk of the crew coming from the student body. Revenue is funneled back to scholarship funds.
Some are owned by the college, but operated by a seperate 501(c) (3) organization with some staff crossover but essentially self-funded by earned income and sponsorships.
Another is approx. 50% funded by the school and 50% by earned income and sponsorship with all employees working directly for the school. Again, this school presents 50 - 80% school-generated academic product and the balance is professional presenting and rental.
Still others are owned and operated by the college, but outsource some of their services such as box office and even programming.
Let us assume that our venue's programming will be 40% academic, 20% presenting and 40% rental.
Who out there has the ideal business model?