rent, mortgage, taxes.Anonymous wrote:Anonymous wrote:Anonymous wrote:If they have to refund money they won’t but with credits they will make it.
It depends on how long this goes on. All of their expenses except payroll still exist. Ticket sales are a huge part of their revenue stream and will not reopen until stage 4. In person classes, when allowed, will operate at 50% or less capacity forcing them to run at a loss. The new cleaning and distancing regulations are wildly expensive. I am sure they are just hanging on for dear life. Customer service is not at all on the radar now.
Only Washington Ballet could possibly be in a worse position due to their real estate responsibilities. Both are old not for profits with excellent reputations. I hope they make it.
What real estate responsibilities?
Anonymous wrote:I got that email. The flippant tone of it has my strongly considering a chargeback or a dispute with my credit card company. Just because they can’t keep enough in reserve doesn’t mean they can steal my money as a forced donation.
Anonymous wrote:Anonymous wrote:If they have to refund money they won’t but with credits they will make it.
It depends on how long this goes on. All of their expenses except payroll still exist. Ticket sales are a huge part of their revenue stream and will not reopen until stage 4. In person classes, when allowed, will operate at 50% or less capacity forcing them to run at a loss. The new cleaning and distancing regulations are wildly expensive. I am sure they are just hanging on for dear life. Customer service is not at all on the radar now.
Only Washington Ballet could possibly be in a worse position due to their real estate responsibilities. Both are old not for profits with excellent reputations. I hope they make it.
Anonymous wrote:Maybe you could "sell" your space (or transfer) to another child for use during the school year/summer?
Anonymous wrote:If they have to refund money they won’t but with credits they will make it.