Does your venue operate at a loss? If so, how does your deficit compare with venues in your competitive set? Does your venue finance and budget for major construction or expansion costs the same way as other venues like yours?
The VenueDataSource 2015 Capital Funding Survey obtained the answers to those questions and many others from more than 150 of IAVM’s member venues. Here are a few of the survey results:
• In their most recently completed fiscal year, 64 percent of the venues reported they operate at a deficit – We know the average deficit, and we share that with you.
• Nine out of 10 facilities that operate at a deficit receive additional funding from non-operating revenue sources – And we tell you those sources.
• In the past 15 years, 62 percent have undergone major construction or renovation – We tell you how those projects were financed.
To learn more, contact Frank Ingoglia at frank.ingoglia@iavm.org to arrange purchasing the 2015 Capital Funding Report. You can also purchase informative reports on Management Salaries, Operating Expenses and Revenues, Sustainability and Safety and Security at the VenueDataSource website.
