IATI Capital Case Study

Decent Essays
IATI has grown organically, in fits and starts, in rapid response to many external factors. When Abdon Villamizar, who lead IATI from 1968 to 1997, had to resign from his position due to a serious accident that incapacitated him for life, Vivian Deangelo was appointed in ‘98 to lead the organization into the new century by implementing innovative outreach, fundraising and audience development initiatives leading up to the creation of IATI's professional training unit, a touring children's repertoire, theater workshops, and the acquisition of state-of-the-art facility on E. 4th Street (Downtown Theater Row).

This capital project, however, affected the company’s financial catastrophically. It was 2005 when IATI Theater and two other companies bought the 64 E. 4th Street building. It was 8 years of capital fundraising and renovation. In July 2013, IATI Theater moved to its renovated home. Renovation of our building was supposed to be completed in July 2012. The delay was impossible to project and it was pushed on a monthly basis; this forced us to continue some of the projects we had at the time but without the venue we had projected. In addition, we got dramatic cuts from our funders. Therefore, we spent lots of money on renting out other performing and rehearsal spaces with very little income, causing a serious deficit in our bank accounts and credit cards. To-date we are gradually
…show more content…
The new IATI rapidly became something different. Our mission and artistic vision are clearer and stronger because of the overcome challenges. We still have the urge to do performing arts and excel in our works; to bring, share and enjoy this work with other people in other communities. We count with talented and dedicated

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