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Meeting will begin at 6:30pm

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Celtic Arts Foundation

Annual General Meeting

January 12, 2024

Meeting agenda

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• Calling the meeting to order
• Proof of notice of meeting
• Posted on webpage, Facebook, invitation extended via e-mail to all members.
• Reading of minutes of last annual meeting
• Presentation of annual report
• Reports of officers
• Reports of committees
• Election of board members
• Miscellaneous business

Celtic Arts Foundation

Annual Report

January 12, 2024

Littlefield Celtic Center

Home of the Celtic Arts Foundation

since 2015

Balance Sheet Highlights�- DRAFT^* -

Assets:                            2023              2022

Cash and Bank Accounts:   $400,773              $351,528

Investments:                        $1,202,738           $1,175,995

Total Current:                      $1,603,511           $1,527,523

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Accumulated Depreciation: $(621,893)            $(552,800)

Net Property & LCC:           $1,722,268           $1,791,361

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Total Assets:                     $3,388,994            $3,403,421

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^*Financial Statements will be reviewed and accepted at January 16, 2024 Board Meeting

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Balance Sheet Highlights – 2�- DRAFT^* -

                                                 2023               2022

Liabilities (Total liabilities):     $8,350           $2,709

Equity

Perm. Restricted Assets     $156,254      $146,625�Temp. Restricted Assets:   $113,611      $101,131�Unrestricted Net Assets:    $3,245,734   $2,783,364�Other Comp. income:         $0                 $(80,059)     �Net Income                         $(134,951)    $449,651

Total Equity:                           $3,380,644    $3,400,712

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Total Liabilities & Equity    $3,388,994   $3,403,421

Operating Statement Highlights� - DRAFT -

• Revenue:                                 2023              2022
• Contributed income:         $315,350      $699,669
• Government Grants:    $29,189        $82,828
• CASO Contributions:   $0                 $300,000
• Program:                      $481,467      $371,234

Total                                    $836,732      $1,092,571

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Total Expenditures                    $971,686       $642,920

So, the financial bottom line is…

• Increased revenue and expenditures with increased programing

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• 2023 and going forward, higher costs of presenting events

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• No longer receiving COVID relief grants

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• CAF is in a strong financial position

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2023 Program Notes

• First Masters of Scottish Arts concert since 2020

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• Back to in-person Winter School for the first time since 2020

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• Back to two-day Highland Games

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• Bellingham Celtic Festival

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• School of Daimh and Community Tour

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• Beginning Bagpipes Program

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• 35 non-ticketed events at the LCC, including dances, music sessions, and open houses

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• 25 ticketed events at the LCC, including concerts, meals, whisky tastings, ceilidhs, and workshops

Some 2023 Changes at CAF

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January 2023

Bill Babb accepts CAF Board President

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March 2023�Hiring of part-time bookkeeper, Elissa Pryor and part-time temporary position of Program Assistant Rachelle Taylor

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August 2023�Cayley Schmid accepts Director role

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December 2023�End of temporary Program Assistant position

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January 2024

Hiring of Operations Manager, Kelsey Taylor�

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Other Developments

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• New website

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• Partnership with Shawn O'Donnell's

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• Partnership with Lincoln Theatre

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Member �Survey Results

Member �Survey Results

Member �Survey Results

Member �Survey Results

Member Survey Results

Beginning 2024  Concentrating On:

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• Working with new staff

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• Expanding membership

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• Making library materials accessible to members

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• Keeping favorite programs running

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• Trying new programs and offerings

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How you can help in 2024

• Attend our ongoing events; bring your friends and family!

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• Continue financially supporting CAF

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• Volunteer at events such as the Highland Games, Tulip Festival, Bellingham Celtic Festival, monthly concerts, etc.

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Insights and ideas

Ideas, comments, suggestions

Report of Officers

Current Board of Directors

• Bill Babb – Camano Island
• Walter Briggs – Olalla
• Patty Dunn – Anacortes
• Jan Gould – Seattle
• Tyrone Heade – Seattle
• Marilyn McLean – Bellingham
• Jim Monroe – Mount Vernon
• David Ryberg – Mount Vernon

Board Nominations

• Open for nominations for 2024 Board of Directors

Celtic Arts Foundation

Thank you for your membership and continued support!