IBJNews

Indiana State Museum hopes for new start

Back to TopCommentsE-mailPrintBookmark and Share

The Indiana State Museum starts a new fiscal year Friday with a different governance structure and a $1.1 million surplus.

A new state law created the Indiana State Museum Board, which will merge operations of the museum and 11 historic sites around the state with the existing private Indiana State Museum Foundation.

CEO Tom King pushed for the new, quasi-governmental structure as a way to address high turnover in the CEO's office and a lack of fundraising, which has plagued the museum as state funding continues to decline.

The museum's 128 employees will retain state-employee benefits, but they will no longer be on the payroll of the Department of Natural Resources. The new board will have 13 members appointed by the governor and 12 appointed by the board. Bill Browne, founder of Indianapolis-based Ratio Architects Inc., will remain as board chairman.

Most of the financial surplus, about $600,000, comes from last holiday season's Titanic exhibit, which was a late addition to the museum's exhibition schedule, but drew large crowds.

"Even if most of it was due to luck, you feel like you're making progress," King said.

Most of the money will be spent paying down previous deficits, about $500,000 in 2009 and $100,000 last year, King said. The remainder will go toward a new exhibit-acquisition fund. That way, the museum can take advantage of opportunities like the Titanic exhibit as they arise, he said.

Gov. Mitch Daniels recruited King, a former president of the Eli Lilly and Co. Foundation, out of semi-retirement in January 2010 to lead a turnaround. Barry Dressel, the museum's fifth CEO since 2000, resigned abruptly in October of 2009.

King, who is no longer considered interim, said he'll stay in the post at least through the 2012 Super Bowl. "I'd like to leave here with at least a $5 million surplus," he said.

The museum has no endowment, and state funding continues to decline. In the fiscal year just ended, the state provided $8.2 million for the museum and historic sites, while the foundation earned about $3 million.

In the new fiscal year, King said state funding is about $7.6 million.

King expects to take in $1.5 million to $2 million through museum admissions, events and other "earned" revenue and another $1.5 million to $2 million in gifts and grants.

This year's exhibition schedule includes "The Endurance: Shackleton's Legendary Antarctic Expedition," which opens in October, and "Amazing Maize: The Science, History and Culture of Corn," opening in September. Shackleton is a traveling show, while museum staff created Amazing Maize.

Much of the museum's broad collection is in natural history, and that work continues. King said the museum is trying to acquire land in Posey County around the "Mann" site, a rich source of American Indian artifacts from the Hopewell era.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Good Day I am Mr (Victoria Wright) from United state of America, i stayed in NEW YORK, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the below company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account just 3 days later, i was surprise and i feel so glad, now i have a standard business control agent who help me, now i will advice those who need urgent loan to contact him at the bellow email:zenithfirm12@gmail.com

  2. NOTICE:This is to inform the general public that Vampires are real. My name is James Franklyn.,am an agent of vampire,am here to introduce our new world trend to you,a world of vampire where life get easier,we have made so many persons vampires and have turned them rich,you will be assured long life and prosperity,you shall be made to be very sensitive to mental alertness,stronger and also very fast,you will not be restricted to walking at night only even at the very middle of broad day light you will be made to walk.In case you are wildly oppressed by some unscrupulous persons we can still help you fight them.Your protection is assured immediately you join.Just contact the bellow email if you are interested we are here to attend to you anytime you want us. Contact the bellow email for more details. Email:vampirescreed@hotmail.com Sincerely: James Franklyn.

  3. Bravo! Someone else that is willing to speak the truth! Bravo!_____NBCSN is available in almost 2 MILLION more homes than just a few years ago, but Indycar STILL gets less total viewers than it did just a few years ago when NBC took over Versus. Attendance and ratings cratered with the end of season races (just when the title battle got "interesting" HAH!__________And now...new race in Basilia, where Miles celebrated the "rich history" of Indycar racing there. Rich history? What, 7 events in the 100 years of AOW? Yep, some history. Well, at least its an oval. It's not??? Are you kidding me??? Gosh darn road racin furriners.

  4. PURITY RAY LOAN OFFER........ Have you been denied by your banks,or are you in need of of an urgent loan to pay of your bills we are capable of giving loans @ cheaper rate to interested individuals, student, companies and members of the public in need of finance to settle bills, we do offer considerable loans which you can count on. For more information on our various types of loan,then you will have to contact PURITY RAY LOAN FIRM, to help you achieve your desire LOAN APPLICATION FORM TO BE FILLED BORROWERS INFORMATION * Full name:………………………. * SEX * ……………………………. * Country………………………….. * State:……………………………. * Land:…………………………….. * Occupation:…………………….. * phone number:…………………. * Telephone: ………………………….. * Age:………………………………. * Amount needed as loan:……… * Loan Duration:………………….. * Propose of Loan:……………….. * Annual revenue:………………… * Monthly Income:……………….. * Guarantee:………………………. * Payment: monthly or annually Email.....purityrayloanfirm@gmail.com Thank you and God bless Mr Purity Ray PURITY RAY LOAN FIRM we tend to serve you better

  5. Problem: most of the people responding to this article don't know about this service AT ALL! Why? Lack of awareness. This isn't IndyGo. This is CIRTA: might as well be the mattress company because they are asleep at the wheel - something like 3 directors over the last year? Playing with federal grant money is great! This "region" wants commuter rail service, has spent MILLIONS on Transportation studies yet can't even support a commuter bus line? This is largely for suburban riders to get to downtown - not for "service people to work in our hotels and restaurants" ! Get your head out of your backside!! These are professionals, students etc. that don't want to fight traffic, save some money on parking, gas, stress.... if CIRTA would put their federal money into widely promoting the sevive to Greenwood, Fishers & Carmel instead of finding directors and studies - this would be a successful service. Our family uses(d) it daily for the last several years - but the recent uncertainty & now unreliability due to cuts from Carmel has been a problem. Now, costs us an additional $350/month for gas & parking ( $4200/year) plus vehicle wear, service, environmental impact ... YES - this REGION needs this this type of service in order to keep growing and getting the people it needs to fill skilled positions in downtown Indianapolis. Think outside of your own car !!!

ADVERTISEMENT