Annual Report 2020
GREETINGS, FRIENDS. 2020 is finally in our past – can you believe it? The past year threw us a lot of curveballs, but I am so proud of the way our team pulled together to keep the spirit of the Athenaeum alive throughout everything. Between our staff, our tenants, our Board, our volunteers, and all of our amazing partners, the Athenaeum is fortunate to have surrounded itself with creative thinkers and passionate people who support what we do. Though this past year has been a bit of an “unprecedented” problem, it hasn’t been all bad. In fact, a lot of things happened for which we’re thankful. We welcomed the Indiana Performing Arts Centre as a new tenant to the building in 2020, and we are excited to continue developing our partnership and supporting their mission of keeping the heritage of Black Theatre alive in Indy. We’ve also seen our office staff continue to develop, with erin marshall stepping into the role of Events Manager and Patrick Rutledge joining the team as our Office Manager. At first glance, it might seem like the pandemic has slowed us down, but it’s really given us a great opportunity to do some internal evaluation and hone in on what makes our building and our Foundation special. We’ve taken this opportunity to try different things with our programming, engage our staff and volunteers in new ways, and set organizational goals and strategies that will help us maximize our potential as a center for German heritage, culture, and the arts in Indianapolis. Between implementing new safety protocols and finding new sources of revenue, we still found time to present all of the heritage events that our
HERZLICHEN GLÜCKWUNSCH Craig Mince Athenaeum Foundation President
community has come to know and love. In 2020, we pioneered new virtual approaches to several events, but we also found a way to bring you a safe and socially distant GermanFest experience in person. In fact, we’ve discovered new ways to combine the virtual and in person elements of our First Fridays and heritage events that will continue to make our programming widely accessible for years to come. If you haven’t experienced one of our at-home party packs yet, you’re missing out! For me, one of the biggest highlights of the year was finalizing the Block 20 development project next door. Bringing us amenities such as covered and secure parking, additional residential property, and new and exciting retail opportunities, this project is going to make our little corner of Lockerbie one of the most hopping places in the Mile Square! Construction is already under way, and the project will be completed before you know it. In the meantime, grab some coffee at Coat Check, enjoy some art in the ArtSpace, and catch a live performance or two in the historic Basile Theatre! It goes without saying (but I’m going to say it anyway) that YOU are the heartbeat of this building. We simply could not do the things we do without the support of our patrons, donors, and volunteers. We have relied on our network of supporters more than ever, and you have shown us just how special our relationship is with this community. While things aren’t quite back to 100% yet, you can still continue to support us by attending our events and making taxdeductible donations to the Foundation. You can find more information on our website at athenaeumindy. org. We look forward to seeing your face (at least the top half) in person as soon as we can!
(Heartfelt thanks)
THANK YOU FOR SHARING 2020 WITH US.
2020 DONORS $50,000+ Allen Whitehill Clowes Foundation, Inc Block 20 Development, llc $10,000-$49,999 Frenzel Family Charitable Lead Trust Indiana Arts Commission Indianapolis Sangerchor $5,000-$9,999 Christel DeHaan Family Foundation Yelba-Rose Family Foundation $2,500-$4,999 Giles & Dolores Hoyt Bose McKinney and Evans National Bank of Indianapolis $1,000-$2,499 Philip John Burck Mark E Faith Gregory F. Hahn Ruth Reichmann Brandt Construction Samuel L. Westerman Foundation $500-$999 Kenneth R. Appel Frank Basile Natalie Clayton Michael and Catherine Coscia Meghan DeMars Kiger David Kingen Jane Feit Joel C. Hammond William McNiece John Seest Stephen Wagman & Karlalea Cody Arrow Reload Systems Inc DeFur Voran LLP Mark’s Vacuum & Janitorial Supplies Structurepoint Inc $100-$499 Gudrun Staub Bennett Renee Bilgram Jonathan Birge Bradford Boyd Jerrold Bridges Martha Brougher-St. Clair Fredrick Burgomaster Susanne Clark Terri Czajka Ronald & Veronica Fritz
Jim Funk, Jr. Marcia Ann Gascho Tereze Gegaj James & Roberta Graham Claudia Grossman Laura Gunderman Eleonore Harle Thomas Haynes Betty Heppner Gary Hood Jon Igelmann John Kemper Michael Khalil Rosemarie Kuntz Jeff Mabry Bill & Melinda Marshall Barbara Matakevich John Nicholson Susan Porter Rich Rardin David & Astrid Reisinger George Rubin Aaron Schaler Robert Schilling Bob Schultz James Seidensticker, Jr James Sparks Dennis Sputh Marla Taylor Joseph Vande Bosche William Waldschmidt Margaret Winter Linda Zeigler & Mary Ann Brookshire Connor & Company Inc H.J. Spier Co., Inc Irish Mechanical Services Mid America Elevator Co, Inc Rogowski Consulting Taylor Advising $1-$99 Vanessa Adler Jim & Margit Ball Briana Bauer C Christopher Brandt Jacqueline Dodge Scott Evans Wanda Foster Robert & Velma Jean Gernand Richard Allen Glanzman Christian Gleason Jim Grey Marion Haerle Danni Harrison Maureen Harty Jennifer Hein Ruth Huitema Anne Laker Catherine Lanctot Marie Plett Lane Douglas Linsmith Tom Little Lisa Marchal Deborah McCarty Aaron Mojica Fredric Muir
Ursula Nicola Jeff Nilsson Suzanne Pearcy Sylvia Reichel Nanette Roberts J Rohn Alicia Rosales Jacki Rosales David Rose Lois Rust Josh Ryan Melissa Rydell Sven Schumacher Paul Severance Mary Shaw Joseph Shierling Cathryn Siegrist Amelia Smith Pearson Smith Cassandra Stockamp Philip Sutton Jackie Swihart Larry Temple Carolyn Upshaw Sai Bharath Rajendram Venkat Dr. Ronald Warner K Philip Watts Ariel Williams Brad Wolfred IN-KIND Alt 103.3 Big Lug Brewing Bit-by-Bit Networking Bose McKinney & Evans Christopher Reising City Way Animal Clinics Coat Check Coffee Courtney Brooks Epicurean Exchange Heidelberg Haus Hirons & Company Indiana City Brewing Indianapolis Monthly Indy Humane Society Kincaid’s Meat Market Laser Lab Mark’s Vacuum and Janitorial Supplies Q95 Rathskeller Restaurant Sun King Brewery Three Dog Bakery Winzerwald Winery WTTS MEMORIALS William Bilgram Ted Englehart Hedwig & Alfred Goerlich Cynthia Nelson Kathe BonneKamp Sandstorm HONORARIUMS Cassie Stockamp Rodney Tolliver
FINANCIAL HIGHLIGHTS Athenaeum Foundation | January 1, 2020 to December 31, 2020
ASSETS
INCOME
• Cash & Equivalents: 286,156 • Grant Funded Acct: — • R eceivables and Other Current
• Rent from Tenants: 639,587 • Contribution Income: 321,833 • Grant/Donor Restricted
Assets: 219,803
• Endowment Inv Acct: 119,122 • B uilding and Improvements: 9,050,380
• Land: 695,593 • Equipment: 714,629 • L ong-term Receivables: • Other Assets: 69,690
Income: 369,261
• Events/Parking/Misc: 145,677 TOTAL: $1,476,358
EXPENSES —
Total: 11,155,373 Less Depreciation: 9,394,218 TOTAL: $1,761,155
LIABILITIES
• Accounts Payable: 17,799 •O ther Current Liabilities:
• Salaries & Wages: 293,285 • Utilities: 207,124 • Insurance: 100,653 • R epairs/Maintenance: 143,618 • Interest: 625 • Other: 204,410 • T emporary Restricted Assets Release: 57,211
TOTAL: $1,006,926
79,196
• Long-term Liabilities: — TOTAL: $96,995
CHANGE IN NET ASSETS: $87,401
NET ASSETS: $1,664,160
NET TEMP RESTRICTED ASSETS: $(312,050)
TOTAL: $1,761,155
EXCESS REVENUE: $399,451
TENANTS
STAFF
Coat Check Coffee Flores Law Group Indiana German Heritage Society Indiana Performing Arts Centre KLF Legal Levo Massage Therapy Max Kade German-American Center Mercy Road Church Monroe Legal The New Harmony Project Rathskeller YMCA Young Actors Theatre Marianne Isaacs, Controller David Johnson, Building & Facilities Manager Becky Malkemes, Operations & Events Manager erin marshall, Events Manager Craig Mince, President Patrick Rutledge, Development Coordinator Justin Tyler, Assistant Building & Facilities Manager
BOARD OF DIRECTORS Meghan DeMars-Kiger, Chair Natalie Clayton, Vice-Chair Stephen Wagman, Treasurer Nabeela Virjee, Secretary Brad Boyd Terri Czajka Gregory F. Hahn Thomas Haynes Greg Henneke Giles R. Hoyt, Ph.D
David Kingen Jeff Mabry Dan McMichael Rich Rardin Larry Roan Aaron Schaler Bob Schultz Georgeanna Smith Wade Rodney Taylor Justin Wade
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JULY 18TH, 2021
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