Appeal: Community support needed for Best Video Film & Cultural Center

Dear Friends:

Without a groundswell of support, Best Video faces the very real threat of having to shut our doors.

What happens in the very near future will determine whether Best Video Film and Cultural Center will close, will limp along, or will soar.

• If you are not already a member, become a member today by signing up online or coming into our space. Programming director Hank Hoffman suggests a target of 200 additional members over the next few months in order to have enough recurring revenue to cover our current operating expenses.

Make a donation online (or in person). General manager Richard Brown says raising $20,000 would catch us up with bills currently owed to vendors. Even better, BVFCC Board of Directors President David Margolis points out that raising $50,000 would enable us to also pay off the remaining debt to Best Video founder Hank Paper and establish a financial cushion that would facilitate expanded community programming and improvements to the physical space.

After more than a year-and-a-half of operation, BVFCC is proud of the community support that has carried us this far. We have already raised over $35,000 in donations in the fiscal year beginning October 2016. Of particular note as a marker of the value the community places on Best Video, is this year’s performance in The Great Give, the May online charity marathon organized by the Community Foundation for Greater New Haven. Out of some 500 worthy nonprofits, BVFCC finished in the Top 10 in number of individual donors and in the Top 25 in total contributions.

Unfortunately, despite our successes, when it comes to bringing in enough income to cover our expenses and pay off our debts, we are falling short. We have a 2nd Anniversary Gala celebration planned for November. We had hoped to get to that event without calling on the public but a slower than expected summer necessitates this appeal.

The average monthly operational income shortfall that donations need to make up is approximately $4,700; in the past ten months, we have been averaging about $3,500 in donations. Good but not quite enough. ($2,000 of that $4,700 per month is remaining debt for the purchase of the assets; that obligation is fulfilled by June of next year.)

Presenting programming to delight and educate the community. Dr. Caterwaul’s Cadre of Clairvoyant Claptraps playing music from “The Simpsons” TV show to a sold-out crowd this past July.

When we opened as a nonprofit in November 2015, we knew that the traditional video rental model was not viable. For several years leading up to Hank Paper’s sale of Best Video’s assets to BVFCC, rental income was decreasing by 20% a year. Anticipating that the trend would continue, we started offering annual membership plans. With membership plans starting at $10 per month, we projected that if we can reach 700-1,000 members by the end of the third year, we would be able to replace the rental income with membership revenue.

The good news is that almost 370 households have signed up for one of the three membership plans. The bad news is that—for BVFCC not to run into recurrent cash flow crises and, ultimately, face the awful decision to close—we need 200-500 more member households.

We know that we can make that happen. Approximately 5,000 households support Best Video each year by renting videos, purchasing items at our cafe, or attending our events. If just one in five sign up for a membership plan, then we will reach our goal. If just one in ten make a donation of $100 or more, then we will exceed our goal of raising an additional $50,000 this year. Many hands…

If BVFCC were just a “video store,” we would have closed years ago. And perhaps deservedly so. But BVFCC is much more than that. It is a community gathering place, a performance venue, a film screening room, a national-level archive of the history of cinema, and a safe place for neighborhood children to come and hang out after school. It is a place where people, film, and music come together.

BVFCC exists bring people, film, and music together.Pre-Oscars Brunch this past February.

When you are a member of Best Video Film & Cultural Center—whether you pay on a recurring monthly basis or get a 10% discount by paying annually—BVFCC becomes your library of film. Depending on your level of membership, you get free admission to from 1-4 shows per month. Most importantly, you are part of a community dedicated to keeping BVFCC as an essential part of the cultural wealth of the greater New Haven area.

Very Truly Yours,
The BVFCC Board:

David Margolis, President
Scott White, Treasurer
Jean Blue, Secretary
Elin Schoen Brockman
Linda Satin Pancoast
Avi Kamrat
Richard Brown, General Manager
Hank Hoffman, Programming Director

Leave a Reply