Last updated:  1/11/10

Purchase Update - January 2010

Board of Directors Approves 5-year Strategic Plan

At the January meeting, the Board of Directors voted to approve our 5-year strategic plan.  Click on the link below to download the plan.  Please contact Elaine Vradenburgh, OFS Board Coordinator, at 754-6670 x 10 or elaine@olympiafilmsociety.org if you have any questions.

2010-2014 OFS Strategic Plan

Purchase Update December 2009

What’s happening with the building? Well, it’s been a very busy and exciting Fall of research and planning! Our primary goals at this point are to determine if we have the financial and organizational capacity to buy and then maintain the building. We are also focused building our organizational capacity and strengthening our staff collective. Here’s what we’ve been up to:

· We hired an organizational consultant to help us create a five-year strategic plan and conduct an organizational assessment. The plan will be presented to the Board in January.  Check back soon to download our new plan.

· In response to our increasing need to focus on fundraising, we developed a five-year fundraising plan. Our Office Manager also adopted a new position as Development Coordinator.

· The building owner has agreed to separate the property and allow OFS to buy just the theater.

· We’ve been working with contractors to determine the life safety, electrical and environmental upgrades and to assess the value of the building. A report will be presented to the Board in January, and will aid in their final decision.

How has OFS used my donation? We would not have been able to complete this research and planning phase without the support of our members! Our “Secure a Home” campaign raised just over $13,500, a portion of which went to pay our consultant and our staff coordinating this work.

How can I help? In the coming months, we will be asking you for your pledge in support of our capital campaign. (But you can still donation online anytime!) We are also looking for professional assistance with our capital campaign and grant writing. Contact elaine@olympiafilmsociety.org to get involved.

What’s next? In the next few months, we will finalize our business plan, meet with financial institutions to secure a loan, and the Board will reach a final decision.

Purchase Update - September 2009

Over the past few months, the Board of Directors and staff have been working diligently under the advisement of local professionals to research and explore the possibility of OFS’s ownership of Capitol Theater building.  Our research will culminate in a feasibility study of the potential costs related to the ownership including renovations, repairs, and structural and safety upgrades.  The study will also include a 5-year strategic plan that will guide us into the future, both in terms of our programming and in securing a permanent home, and help us to build our organizational capacity.

We’re also identifying potential major donors and community partners, including foundations, businesses and wealthy individuals, who might be able to assist us in securing a permanent home. But before we approach these possible benefactors, we must be able to show them that we have significant support in the South Sound area.

We set a goal of raising $15,000 by November 4^th, 2009 to demonstrate strong backing from our members and the wider community. So far, we’ve raised just under $10,000—leaving us about $5,000 short. If you would like to contribute this effort, you may do so online at www.olympiafilmsociety.org/about/donations/, at the box office, or by mailing your donation to: OFS c/o Secure a Home 416 Washington St SE, Olympia, WA 98501.

Thank you very much for your support! If you have further questions for would like to get involved by joining one of our committees, please contact Elaine Vradenburgh at elaine@olympiafilmsociety.org.