2017 Athenaeum Foundation Annual Report

Page 1

Thank you for supporting this National Historic Landmark. This past year we have seen quite a transformation of historic space into a third space. Don’t know what that means? That’s ok, I didn’t either until we embarked on this project! A third space is a public gathering space, and Indy is a little short on them. So, as we transformed the lobby into Mass Ave’s living room, it was an invitation for the community to gather. • YMCA members meeting after a workout • YAT parents relaxing while kids are in class • Business meetings and interviews • Students studying and collaborating • Individuals working with their mobile office • Neighbors finding a quiet nook to read a book The space is truly serving all! We have been blown away by the magic of the combination of amazing coffee and unique space in addition to how well it has been received by the community. Did I mention the national attention? In the last year we were mentioned in The New York Times, Forbes, and Architectural Digest; that’s PR that we could never have been able to afford if not for the unique reuse of this historic treasure for Indianapolis.

TENANTS Coat Check Coffee IUPUI Max Kade German-American Center shared by the Indiana German Heritage Society and the Athenaeum Turners Indy Metro Church KLF Legal Levo Massage Monroe Legal The Rathskeller Young Actors Theatre The YMCA at the Athenaeum Indiana Performing Arts Centre (IPAC Law Offices of Ryan M. Beuouy, P.C.

THE HISTORIC

ATHENAEUM

WELCOMES MORE VISITORS EACH YEAR

2017: 277,367 2016: 222,231 2015: 203,786 2014: 190,670

STAFF Cassie Stockamp, President Becky Malkemes, Operations & Events Manager David Johnson, Building Manager Marianne Isaacs, Controller Shannon Poole, Executive Assistant

BOARD OF DIRECTORS

Cassie Stockamp Athenaeum Foundation President

18

TE DA

With gratitude,

ER

B

We hope you will wander in to explore the new facets of our building and become an active member of our community.

VE THE SA

O CTO

This historic beauty is able to exist, grow and transform thanks to your continued support.

Greg Henneke, Chair Meghan DeMars-Kiger, Vice Chair Stephen R. Wagman, Treasurer Nabeela Virjee, Secretary Brad Boyd Natalie Clayton Terri Czajka Greg Fehribach Gregory F. Hahn Thomas Haynes Giles R. Hoyt PhD David Kingen Dan McMichael Rich Rardin Larry Roan Heinz Roesch Aaron Schaler Wayne Schmidt Rodney Taylor

2017

13th 20

10 YEARS OF GERMAN FUN!

ATHENAEUM FOUNDATION 401 E. Michigan St. Indianapolis, IN 46204 317-655-2755 athenaeumfoundation.org

*Patrons of the Rathskeller Restaurant are not included

Greetings, friends of the A,

Annual Report


FINANCIAL HIGHLIGHTS

January 1, 2017 to December 31, 2017 (unaudited)

ASSETS LIABILITIES

ASSETS

The theatre soundproofing project is the final stage of the Makeover On Mass Ave. capital campaign that was launched in 2016. The soundproofing is now underway and should be completed this Spring! This will decrease noise polllution from the Biergarten into the theatre space and will allow these popular venues to co-exist more harmoniously.

Assets: 43,440 Endowment Inv Acct: 101,633 B uilding and Improvements: 8,946,587 Land: 1,175,278 Equipment: 715,829 L ong-term Receivables: — Other: 69,690

Total: 11,336,080 Less Depreciation: 9,214,654 TOTAL: $2,121,426

• Accounts Payable: 62,839 •O ther Current Liabilities: •

278,390 Long-term Liabilities: 370,433

TOTAL: $711,662 NET ASSETS: $1,409,764 TOTAL: $2,121,426 LONG TERM DEBT: —

INCOME

Income: 175,259

• E vents/Parking/Misc: 253,727 TOTAL: $1,242,846

EXPENSES

• Salaries & Wages: 305,652 • Utilities: 261,585 • Insurance: 97,983 • R epairs/Maintenance: 195,797 • Interest: 38,942 • Other: 155,301 • T emporary Restricted Assets Release: 159,783

TOTAL: $1,215,043 CHANGE IN NET ASSETS: $27,803 NET TEMP RESTRICTED ASSETS: $15,476 EXCESS REVENUE: $43,279

EXPENSES

• Rent from Tenants: 707,509 • Contribution Income: 106,351 •G rant/Donor Restricted

$100,000 and Above Donors Allen Whitehill Clowes Charitable Foundation, Inc.

$10,000 - $49,999 Donors CICF Efroymson Family Fund Frenzel Family Charitable Lead Trust Mass Ave Development Corp.

$5,000 - $9,999 Donors John Hart Marian Inc. Nicholas H. Noyes, Jr. Memorial Foundation Greg Henneke & Martha O’Connor

$2,500 - $4,999 Donors

LIABILITIES

INCOME

GERMANFEST 10!

2018 has and will bring many amazing changes to this building. But it’s also a big year to celebrate the 10th Annual GermanFest! Since the inaugural event that took place in 2009 this event has become a must attend for Hoosiers growing from 400 attendees to over 6,500 in 2017. Save Saturday, October 13, 2018 in your calendars now so you don’t miss this one of a kind event that includes all things German, a strongman competition, yodeling contest, Durstig Games and of course, you can’t forget the wiener dog races!

• • • • • •

April will bring the formal opening of the pocket park along New Jersey Street on the west side of the building. The Athenaeum is working together with Keep Indianapolis Beautiful on adding another green space in to downtown Indy for not only building patrons, but for the community to use and enjoy time in the outdoors. On February 22, 1918 this beautiful building changed its name from Das Deutsche Haus to the Athenaeum. The name change was a casualty of war but on February 22, 2018— exactly one hundred years later—we are thrilled to have the original Das Deutsche Haus plaque proudly restored on this National Historic Landmark thanks to Indiana German Heritage Society.

• Cash & Equivalents: 283,623 • Grant Funded Acct: — • R eceivables and Other Current

Dankeschön to our 2017 Donors

Bose McKinney & Evans, LLP Christel DeHaan Foundation National Bank of Indianapolis

$1,000 - $2,499 Donors Terri Czajka & Steve Hester Giles & Dolores Hoyt Charles & Janet McCormick Richard & Susan Van Frank Steve Yeager

$500 - $999 Donors Phillip Burck Susan Clark Christine Crull-Altman Gerald Lamkin Ruth Reichman David & Astrid Reisinger Cassie Stockamp Donaldson Weber Charles Yeager Eli Lilly Company Matching Grants The Samuel Westerman Foundation Schmidt & Associates

$100 - $499 Donors Kenneth Appel Brad Boyd Terry & Carolyn Bradbury Jerrold Bridges Frederick & Mary Ellen Burgomaster Natalie Clayton Robert Cutter Meghan DeMars-Kiger Gregory & Marybeth Fehribach Ron & Veronica Fritz

James & Janis Funk James Glass Claudia Grossman Othmar & Elisabeth Grueninger Greg Hahn Eleonore Harle Jon Igelmann J. Scott Keller Michael & Nikki Kobrowski Kyle & Sally Lanham Dr. Barbara Matakevich Buddy McCart JoEllen Meyers Sharp Statia Murphy Ralph Nowak Keith Norwalk Rich Rardin Robert & Rita Schilling Richard Schnute John Seest James Sparks Dennis & Penny Sputh Coila Stevens Rod Taylor Joseph & Diane Vande Bosche Nathan Vining Nabeela Virjee Steve Wagman & Karlea Cody William & Jerri Waldschmidt Donald Walker John & Lena Walker John & Magdelene Walker Margaret Winter Linda Zeigler & Mary Ann Brookshire

Up to $99 Donors Tom Bonsett Christopher Brandt Joseph Conrad Peter Diezel David Gabovitch Brian Griesemer August Hardee II John & Darleen Himmelheber Jill Hoffman Rosemarie Kuntz James & Janice Seidensticker Joseph Shierling Amelia Smith Brittany Smith R. Michael & Patricia Surenkamp Gary Taylor Timothy & Chiharu Yarling

Memorials In Memory of Patricia Conrad Joseph Conrad In Memory of William Rigsby Dick & Carole Darst In Memory of James L. Heppner Family Betty Heppner In Memory of Ruth & Carl Sputh John Kemper In Memory of Elnora L. & John H. Niermeyer Susan Niermeyer In Memory of Mary Schnute Dr. Richard Schnute In Memory of Ted Englehart & Nancy Englehart Stimson John Stimson In Memory of Elfrieda Lang Phillip & Marjorie Sutton

Honorariums In Honor of Brad Boyd Frank & Katrina Basile In Honor of Rich Rardin Karin & Dale Ogden

In Kind Donations Alt 103.3 Blakely’s Chris Bucher Photographs Cunningham Group Heinz Construction Hirons & Company Indianapolis Monthly Mark’s Vaccum and Janitorial Monarch Beverage NUVO Phanomen Design Rathskeller Restaurant Sherwin Williams Steinz Group Sun King Brewery WTTS Yelp


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.