Financial Analysis of Community Film Festivals: Model Development
Mingxin Cen, Bob Lee, Yu Liu, David Groves

Abstract
Many special events have financial problems. The financial statement of film festivals were reviewed to determine if there were successful events that had models that would serve as a pattern for community film festivals. There were two primary revenue models. One model focused upon raising funds through traditional nonprofit sources and the other developing funds from the event, and associated activities. On the cost side of the balance sheet, one approach was a supply side method of spending money to make money and the other model was controlling cost based upon the development of a value product.

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