Next Stage: Building the Future of the Arts in Iowa City
FINANCIAL GOALS
OPERATING COSTS
Riverside will go from housing audiences 100 nights per year to 150 nights per year, with nightly capacity increasing from 118 to 150. Increased staffing will include patron services and box office personnel, concessions, and bar manager, education and outreach coordinator, and facilities/housekeeping personnel.
To make this next act a reality, Riverside will launch its first capital campaign in twenty years, with a goal of raising $1.82 million.
Capital Expenses (79%) | |
---|---|
Crescent Street Build Out | $798,660 |
Crescent Street Fit Out | $551,645 |
Company Truck for Load-Ins and Materials | $30,000 |
Festival Stage Renovations | $50,000 |
Capital Expenses Total: | $1,430,305 |
Operational Support (16%) | |
---|---|
Increased Artist Fees and Production | $125,000 |
Increased Staffing | $125,000 |
Offsite Storage and Shop Space | $42,080 |
Operational Support Expenses Total: | $295,000 |
Campaign Costs (5%) | |
---|---|
Campaign Staff and Fundraising Manager | $41,921 |
New Website and Customer Services Management | $37,245 |
Branding and Marketing | $20,000 |
Campaign Costs Total: | $99,166 |