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NFP of NOTE: Indianapolis Art Center

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Not-For-Profit of Note

Indianapolis Art Center
Marilyn K. Glick School of Art


820 E. 67th St.
Indianapolis, IN 46220
Phone: (317) 255-2464
Fax: (317) 255-0486
Web site: www.IndplsArtCenter.org
Founded: 1934
Paid employees: 38
Highest-paid staff member: Joyce A. Sommers, president and executive director, $90,000
Top volunteers: Robert Anker, chairman, volunteer for seven years; Tanya Overdorf, vice chairwoman, volunteer for 11 years 

 MISSION
 Engage, enlighten and enhance our communities through art education, participation and observation. The Indianapolis Art Center  is the place to make art, see art and learn about art.
                   
MANAGEMENT
Joyce Sommers, executive director
David Thomas, director of programs
Pam Rosenberg, director of operations
Kelly Teller, director of development
Laura Alvarado, director of outreach
Iris Dillon, director of special events
David Kwasigroh, director of exhibitions
Doug Halman, director of finance
Lisa DeHayes, director of marketing

BOARD OF DIRECTORS
Robert Anker, chairman
Tanya Overdorf, vice chairwoman
Bill Cafaro, treasurer
Mary Anna Hunt, secretary
Teresa Altemeyer
Frank Basile
Sherrie Bossung
Cathy Springer Brown
Carol D'Ambrosio, president of Art Center Circle auxiliary
Scott Evenbeck
Zubin Ferzandi
Greg Gault
Lou Gutzwiller
John David Hoover
Marnie Maxwell
John Pelizzari
Bob Reiberg
James Ross
Jeff Rothenberg
Joyce Sommers
Dawn Tabler
Douglas Tillman
Kenneth Turchi
Laura Villanyi
Judy Warren
Mark Williams
Xishun Zhang

PROGRAMS
Classes: Started during the Great Depression to provide employment for working artists, the art center contracts with 125 professional artists as faculty to teach about 900 classes, workshops and samplers each year to students of all ages and abilities.
                    
Exhibitions: contracts with more than 200 professional artists from around the country and within the state for 50 exhibitions a year; consigns artwork for a gift shop Outreach: serves 5,000 residents living in underserved areas through seven different outreach programs

FUND-RAISER
The Fifth Third Bank Broad Ripple Art Fair features work from more than 225 artists, live entertainment on four stages, and activities for children. The May 2008 event raised $682,970.

FINANCIAL PROFILE
2008 income: $6.4 million
2008 expenses: $3.7 million
2008 assets: $2.7 million

2009 projected income: $3.2 million
2009 projected expenses: $3.2 million
Fiscal year begins: Sept. 1
                    
2008 income       
Art fair: 10.6 percent
Capital campaign: 19 percent
Earned revenue: 19.7 percent
Donations:  50.7 percent

2008 expenses
Art fair:  9 percent
Development: 12 percent
General/administration: 21 percent
Programs: 58 percent
___

Information was provided by Indianapolis Art Center. Profiled organizations must be based in or serve the Indianapolis area,  must have Internal Revenue Service tax-exempt status, and must be willing to provide
IBJ with detailed financial information.
                    
                    
                    
                    
                    
                    
                    
                    
                 
                    
                    
           
                 
                    

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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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