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Economic.Impact Beyond Dollars: Volunteerism While arts volunteers may not have an economic impact as defined in this study, they clearly have an enormous impact by helping nonprofit arts and cultural organizations function as a viable industry. Arts & Economic Prosperity 5 reveals a significant contribution to nonprofit arts and cultural organizations as a result of volunteerism. During 2015, a total of 1,364 volunteers donated a total of 66,418 hours to Indian River County's participating nonprofit arts and cultural organizations. This represents a donation of time with an estimated aggregate value of $1,564,808 (Independent Sector estimates the dollar value of the average 2015 volunteer hour to be $23.56). Volunteers can include unpaid professional staff (e.g., executive and program staff, board/commission members), artistic volunteers (e.g., artists, choreographers, designers), clerical volunteers, and service volunteers (e.g., ticket takers, docents, ushers, gift shop volunteers). The 10 participating organizations reported an average of 136.4 volunteers who volunteered an average of 48.7 hours during 2015, for a total of 6,641.8 hours per organization. The Value of In -Kind Contributions to Arts Organizations The organizations were asked about the sources and value of their in-kind support. In-kind contributions are non- cash donations such as materials (e.g., office supplies from a local retailer), facilities (e.g., office or performance space), and services (e.g., printing from a local printer). The 10 participating nonprofit arts and cultural organizations in Indian River County reported that they received in-kind contributions with an aggregate value of $347,120 during fiscal year 2015. These contributions can be received from a variety of sources including corporations, individuals, local and state arts agencies, and government agencies. "Investments in arts and culture enhance the quality of life, the third-highest measurement businesses use when gauging development trends—behind skilled labor and highway accessibility but ahead of other factors such as corporate tax rates and incentives. These investments are breathing new life into our downtown areas, creating educational opportunities, and attracting businesses.and highly skilled workers to Iowa. Today, nearly 6,000 arts organizations employ 23,000 people in Iowa, and that number jumps to 73,000 when all creative fields are counted. In all, that's about four percent of our workforce." — Governor Kim Reynolds, Iowa AMERICANS FOR THE ARTS I Arts & Economic Prosperity 5 _PI -I3