Summary

In order to be transparent about Akin's financial situation we have decided to publish a consolidated version of the 2017 financial results for both our non-profit Akin Projects and our for-profit Akin Collective.

As you can see below, Akin earned a signficiant amount from our studio rentals, but 74.3% of this went directly to paying our rents and utilities and to the maintenance of our studios. After paying for this and for the remainder of our costs (including $8,471 in CARFAC artist fees for our free or low-cost workshops and public programs) Akin had 15.7% of its budget remaining to pay its staff.

Of this, 67.9% went cumulatively towards Akin's 6 part-time artist staff members and 32.1% (or $34,008) went to Michael Vickers, one of Akin's full-time Co-Directors. Our other full-time Co-Director and Akin's Founder, Oliver Pauk, has been working on a voluntary basis since the beginning of 2016. This is intended as a temporary scenario until Akin is in a financial position to pay him a salary.

As we enjoy our organization’s 10th anniversary, we need your support so we can continue our work and deliver more results like these. Our staff team works tirelessly to stretch our existing dollars as far as they can go, but if we want to make a long-term impact on our city, we need the support of our donors.

 

 

 

 

 

 

Though we are growing, the model has stayed the same.

 

As we go broaden we who can help that we aren't, musicians, people new to the country. 
Can the principles that guide what we do, help adress other issues across our city? Are there ways to reduce rental costs so that daycare isn't so expensive? Stop the slow drift of artists out of our city? Look to other cities and not repeat mistakes that have already been made here or elsewhere? Not only where can artists create, but where do they live? Make sure it downtown core had places like the horseshoes or galleries like 187augista but make sure they are protected, accessible and thriving. 
As we continue to grow its abiut Doing the same thing for more artists, not asking more from the same artists. Teaming with carfac in the fight for free, advocating for an increase in minimum wage, making spaces accessible. 

Once again it has been a busy year for Akin, and as we begin gearing up for the new one ahead and the big projects ahead, it is also a time to step back and take stock of our accomplishments from 2017.

We consider all of this ‘progress made’ but there’s still work to be done.

As we enjoy our organization’s 10th anniversary, we need your support so we can continue our work and deliver more results like these. Our staff team works tirelessly to stretch our existing dollars as far as they can go, but if we want to make a long-term impact on our city, we need the support of our donors.

If you are receiving this email, you already know the importance of our work and the need for change within our city. Help us build a better, fairer, more inclusive Toronto, one that responds to the diverse needs of all its residents and not just a select few.

Hired Rania El Mugammar to survey our membership and help create a plan for an Akin that better reflects the city it serves, and expand outside of the downtown core.

first few months of rent colelcted at any studio opening goes directly towards the costs of setting it up- often well over 10k in supplies and labour, contractors, electricians and more.

opening new studios in diffiferent remporary areas.

 

include testimonials