The story of The Contemporary Dayton, an art gallery nestled within the Dayton Arcade, is a testament to resilience and adaptation in the face of adversity. This downtown institution, affectionately known as The Co, has weathered the post-pandemic storm and is now charting a new course for financial sustainability. The recent departure of its longtime executive director, Eva Buttacavoli, marks a pivotal moment in the gallery's history, as it embarks on a journey to secure its future.
Navigating Financial Challenges
The Co's financial journey over the past five years has been a rollercoaster. While the gallery has seen an increase in revenue, its expenses have outpaced this growth, resulting in significant losses. The pandemic exacerbated these challenges, impacting audience engagement and fundraising efforts. However, amidst this turmoil, a glimmer of hope emerged in the form of a strategic partnership.
Buttacavoli's negotiation skills played a pivotal role in securing this partnership, which aims to reduce organizational expenses by a substantial $500,000 over the next five years. This agreement not only addresses one of the organization's largest operating expenses but also frees up resources for investment in artists, exhibitions, and community engagement. It's a strategic move that strengthens The Co's financial foundation and positions it for a brighter future.
The Impact of COVID-19
The pandemic's impact on The Co cannot be overstated. As Buttacavoli highlights, "When you're small, you can operate on a shoestring, but you're also vulnerable to being swept away." This vulnerability was a reality for many arts organizations in Dayton, struggling to stay afloat in the post-pandemic landscape.
However, The Co's board president, John Fabelo, emphasizes the organization's commitment to intentionality moving forward. By recognizing the need to communicate the importance of art in the community, The Co aims to build stronger relationships and elevate its status as a resource for artists and the community at large. This shift in strategy is a crucial step towards long-term sustainability.
Inside the Numbers
A closer look at The Co's financial records reveals the extent of its challenges. Over the last five years, expenses have increased significantly, outpacing revenue growth. The fiscal year 2024 saw a notable drop in contributions and grants, which had been the gallery's largest revenue source. This decline, coupled with increased liabilities, underscores the financial bind The Co found itself in.
However, a silver lining emerged in the form of an anonymous donor, who stepped forward to provide much-needed solvency. This donation allowed The Co to address a significant operating expense, covering its facility costs for the next five years and establishing the foundation for an endowment. It's a testament to the power of community support and the importance of building strong relationships.
A New Direction
As The Co moves forward, it does so with a renewed sense of purpose and a reenergized board of trustees. The addition of new board members and the formation of Working Groups involving community volunteers signal a commitment to organizational advancement and sustainability. The gallery's budget for the 2026-2027 fiscal year reflects this commitment, with a focus on strengthening annual fundraising and donor engagement.
Kevin McCurdy, The Co's treasurer and board member, expresses confidence in the organization's future. "It's been a full turnaround," he says, "from languishing post-COVID to fully functioning again." This resurgence is evident in the board's increased engagement and the support of community volunteers, who are helping to shape the organization's next strategic plan.
The Role of Individual Contributions
In assessing The Co's finances in relation to other local arts organizations, Buttacavoli emphasizes the growing significance of individual contributions. As corporate giving declines across the region, it is the passion and support of individuals that are keeping arts organizations afloat. This shift in funding habits and the challenges posed by government cuts highlight the importance of community engagement and support.
Curtis Bowman, director of engagement for Culture Works, echoes this sentiment, asking, "Does our community still want the arts?" It's a question that resonates deeply, as arts organizations navigate an ever-changing landscape. The answer, it seems, lies in the community's commitment to creativity and belonging.
A Legacy of Leadership
After 15 years at the helm, Buttacavoli is stepping down from her role as executive director. Her legacy is one of advancement and innovation, having dedicated her career to expanding access to contemporary art and fostering arts education. Through her leadership, The Co secured significant grants, including awards from The Andy Warhol Foundation and the National Endowment for the Arts.
Buttacavoli's impact extends beyond the gallery's walls, as she reflects, "This has been the best and most fulfilling job I've ever had." Her commitment to ensuring The Co's success continues even as she transitions into a new role, focusing on major donor stewardship and institutional continuity. It's a testament to her dedication and the importance she places on leaving a lasting legacy.
The Future of The Co
As The Co enters this new chapter, it does so with a sense of optimism and renewed energy. The appointment of Heather Jones as interim director and chief curator signals a fresh perspective and a commitment to accessibility and inclusivity. Jones' role will be crucial in not only fundraising but also in sharing The Co's story with the community, highlighting the exciting initiatives and exhibitions it offers.
The Co's current exhibition, "Threads of History: Quilts by Carolyn Mazloomi," is a perfect example of its commitment to accessibility and relevance. This thought-provoking display of African American, social justice-inspired storytelling is a testament to the gallery's mission to make contemporary art accessible to everyone.
Buttacavoli's confidence in The Co's future is well-founded. With a strong foundation, an engaged board, and a clear vision, the gallery is poised to thrive and continue its important work. As she says, "We've been around for 35 years, and what we do is important."
Conclusion
The Contemporary Dayton's journey is a reminder of the resilience and adaptability of the arts. Through financial challenges and a global pandemic, this downtown gallery has emerged stronger, with a renewed sense of purpose and a commitment to its community. As it moves forward, The Co's story serves as an inspiration, showcasing the power of art, community support, and visionary leadership.
