The Center of Anna Maria Island is close to finishing its current fiscal year in the black.
From the beginning of the fiscal year July 1, 2018, through March, the center earned $89,188 in net income — $40,405 more than budgeted and $77,880 more than the nonprofit earned for the same period in 2017-18. The nonprofit’s fiscal year ends June 30.
Low costs played a part in the center’s earnings. Without a development, sports or operations director, program, administration and fundraising expenses fell under budget.
Executive director Chris Culhane said at a board meeting April 29 that the nonprofit was near the “finish line” for filling one of the vacant director positions.
And, the center announced May3 that Jim McDaniel is the new development director, after a search conducted by Peg Beck of Creative Consulting Associates of Sarasota reviewed nearly 190 applicants.
McDaniel worked as development director for Saint Stephen’s Episcopal School for the past six years and has more than 20 years of experience in nonprofit philanthropy.
McDaniel has a bachelor’s degree from Hamilton College and a master’s from Columbia University. He and his wife, Susan Herren, live in Palmetto.
Meanwhile, the center earned $438,630 in program revenue through March, $13,926 more than budgeted. On the flip side, program expenses amounted to $224,044, which is $29,411 under budget.
Fundraising revenue was budgeted to reach $408,392 through March, but fell $41,746 short. However, fundraising expenses were under budget by $53,886.
General and administration expenses were $45,590 under budget, at $349,187.
Events also raked in money for the center.
A series of music concerts sponsored by the Bradenton Area Convention and Visitors Bureau with $100,000 in tourist tax funding from February to the start of April earned the center $50,000. The series featured The Outlaws, Phil Vassar, Judy Collins, BJ Thomas and the Marshall Tucker Band and was managed by the Manatee Performing Arts Center, where Collins performed.
MPAC chief executive officer Janene Amick’s final report April 15 to the Manatee County Tourist Development Council, which recommended funding the series, lacked expenses for the series.
Amick said in an interview April 10 the center had incurred expenditures for rental chairs, security and hiring the Sandbar Restaurant to cater the events.
Culhane said the only expense the center incurred was for the Manatee County Sheriff’s Office to provide security for $40 per hour per officer.
Culhane also said an April 11 fashion show raised about $8,500.
Funding from the county is expected to cover some infrastructure improvements before the new fiscal year.
Board treasurer Christine Major Hicks said the center had yet to receive $100,000 of $125,000 in concession funds allocated by Manatee County.
Culhane said the nonprofit already spent $90,661 of the money as of April 29 to repair the roof and complete field maintenance and to purchase new vans and fitness equipment.
Hicks said the county paid $25,000 to reimburse the center for the vans, but hadn’t reimbursed $65,661 because she didn’t complete the required paperwork.
“I take full responsibility for this and plan on getting this submitted soon,” she wrote April 30 in a text message to The Islander. “There is no issue with the county.”
“The process is relatively laborious, and we planned to complete the necessary tasks in the offseason,” Culhane wrote April 30 in an email to The Islander.
The last $34,339 in concession funds will be used to reimburse costs for restroom remodeling after the project begins later this month.