A concert series and a tour of homes are keeping revenue flowing into the nonprofit community center in Anna Maria.
From the beginning of the fiscal year July 1, 2018, through February, the Center of Anna Maria Island earned $95,860 in net income. The figure is $62,224 more than the budgeted $33,636 in net income, and $86,904 more than the $8,956 net income earned for the same period in 2017-18.
Events proved a boon for the nonprofit, with the tour of homes resulting in $28,000 in gross revenue and the Bradenton Area Convention and Visitors Bureau’s inaugural concert series raising tens of thousands in gross revenue for the center. The BACVB held four concerts at the island venue.
The final concert was April 1, after the center board meeting March 25, when earnings were announced.
About 700 people attended the tour of homes March 16, and event expenses were not disclosed to The Islander before the press deadline.
The nonprofit and the BACVB have not disclosed expenses for the concerts, which featured The Outlaws Jan. 19, Phil Vassar Feb. 8, and B.J. Thomas March 16. and the Marshall Tucker Band April 1, which sold out the allocated 650 seats.
Executive director Chris Culhane said at the meeting that financial details of the concert series would be released at a Manatee County Tourist Development Council meeting April 15. The county budgeted the concerts from tourist tax funds to counter the effects of red tide by bolstering tourism.
Additionally, the final bingo night for the winter-spring season was March 29. Board chair David Zaccagnino said he expected that event to be as successful as the first two nights, which about 130 people attended. The first two events raised $3,300.
Zaccagnino said the center’s expenses are low because of vacancies for a development director and operations director.
“We’re doing really, really good, and everything’s firing on all cylinders, but again, we’re down two major staff members,” he said.
Will Schenerlein, the recreation director, also left March 26 after over three years with the center. The center will look to fill his position as well.
General and administrative expenses through February amounted to $308,903 — $45,434 under the planned $354,336.
Zaccagnino said the nonprofit was focused on three candidates for one of the positions, which he expected to be filled soon.
The center has yet to receive $50,000 in concession funds from Manatee County for 2018-19. The money was allocated for roof improvements and restroom remodels. According to a handout from the meeting, the funds are anticipated and “uses of capital funds will be on target with budget by fiscal year-end.”
The current fiscal year will end June 30.
