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n e w h a v e n b i z . c o m | M a y / J u n e 2 0 1 9 | n e w h a v e n B I Z 41 newhavenBIZ BUSINESS NEWS - TO FIT YOUR APPETITE! WWW.NEWHAVENBIZ.COM SIGN UP TODAY AT Looking for small bites of timely business news or in are you hungry for in depth features? Sign up for our 4x a week enews and bi-monthly print magazine and we'll satisfy your huger for business news and insights on the New Haven region. MAIN COURSE TAPPAS Festival financials Earned Revenue ..............................$265,600 Contributed Operating Income (Total)..........................................$2,044,997 Corporations $441,347 Foundations $375,000 Government $575,000 Individuals $653,650 Special Events ............................... $110,000 Special Initiatives/Directed Programming Funds ........................$260,000 Fund for the Future Allocations ........$185,000 Total operating revenue .....$2,865,597 OPERATING EXPENSES Administration .........................$392,160 Development ...........................$342,834 Program ...............................$2,124,903 Total operating all expenses ..............................$2,859,897 fundraising tool is the festival we present each year. It has to be great, and we want it to be great." e Quinnipiac studies over the years estimates that the overall economic impact of the city from the festival is $15.4 million. at study and the festival's own surveys also report that people from 120 to 140 of the state's cities and town attend the festival; that audiences come from 26 states; that 17 percent of ticket buyers are from out of state — the most sought audience because visitors spend the most money locally in food, lodging and shopping. Next year the festival will cele- brate its 25th festival. According to Herzog, its mission will continue to offer a mix of artistic events and "idea" panels; a mix of mostly free as well as ticketed events — more than 80 percent of the program is free; and attractions that connect to the New Haven community and neighborhoods as well as those with regional, national and inter- national appeal. ere will be more partnerships that will attempt to raise funds for special programming if it exceeds the budget — such as last year's popular production of e Mer- chant of Venice, which returned the festival in the courtyard of the Yale Law School. But despite budgets that aim to be in the black, aggressive fundrais- ing that now targets "legacy" gis from individuals and new partner- ships, it's still vulnerable to outside forces, be it the stock market or new tax laws affecting charitable giving. e festival, along with other non-profit arts groups across the country, took a hit in December when the stock market plummeted at the same time end-of-year checks are traditionally written. "Since then the stock market has bounced back and then some," says Griggs, "but no one is going back to their checkbook now." For the 2019 programming schedule, visit ArtIdea.org. n A r t s & C u l t u re Celebrated Inuk throat singer Tanya Tagaq employs exquisite, unnerving vocal improvisations that bridge traditional roots with contemporary culture. She performs June 20 at the College Street Music Hall.

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