board 101 · gifted to the museum. this added considerably to lrma’s collection and broadened the...

BOARD 101

HISTORY OF THE MUSEUM

• Founding Gift (1996)• In 1996, Allen Leepa (1919-2009), an abstract expressionist painter and retired art professor, gifted the college his

estate. He was the son of Esther Gentle (1899-1991), a sculptor, painter, and printmaker, and the step-son of Abraham Rattner (1893-1978), a highly regarded 20th century modern artist. As such, his estate was filled with priceless works of art not only from his parents, but from their contemporary artist friends such as Picasso, Chagall, Miro, Max Ernst, and many others.

• Tampa Museum of Art (1997)• Learning of the donation from Allen Leepa, The Tampa Museum of Art (TMA) donated an additional cache of art

by Abraham Rattner, Allen Leepa, and Esther Gentle to SPC.

• In 2000, SPC began work on the Museum. Designed by renowned architect Edward C. Hoffman Jr. and built by Creative Contractors, the building is meant to resemble the bow of a ship, paying tribute to Tarpon Springs’ fishing and sponge diving industries.

HISTORY OF THE MUSEUM

• On January 22, 2002, the Leepa-Rattner Museum of Art opened to the public as the only art museum in Northern Pinellas County, and a premier modern and contemporary art museum.

• Gulf Coast Museum of Art (2010)

• When this Museum closed, its collection was acquired by St. Petersburg College and much of it was gifted to the Museum. This added considerably to LRMA’s collection and broadened the focus to include contemporary Florida art since 1990 and fine crafts of the southeastern United States.

• In 2013, the Museum was accredited by the American Alliance of Museums – a distinction held by fewer than 6% of Museums in the U.S.!

MISSION STATEMENT

• The mission of the Leepa-Rattner Museum of Art, Inc. is to collect, conserve, exhibit and protect the works of art entrusted to its care and stewardship. Through its exhibitions, programs, and expanding collection of 20th and 21st century art, the Museum strives to engage and inspire our diverse community by providing opportunities for education, enlightenment, interpretation and research to students, scholars, and visitors.

THE COLLECTIONSABRAHAM RATTNER

A recreation of Rattner’s studio welcomes visitors to the collection galleries. This display includes vintage furniture, art materials, and sketches from LRMA’s extensive archives!

THE COLLECTIONSABRAHAM RATTNER

THE COLLECTIONSESTHER GENTLE

THE COLLECTIONSALLEN LEEPA

THE COLLECTIONSGULF COAST MUSEUM OF ART

MUSEUM PROGRAMSADULTS

• ABC (Art, Books, and Community) Reading ClubSelected last Mondays at 11:30 a.m.ABC members meet at the museum every other month for lively discussions about books that expand their knowledge of 20th and 21st century art. Palm Harbor Library Director Gene Coppola facilitates the meetings, LRMA provides refreshments, and new members are always welcome. Free with museum admission.

Art Classes and WorkshopsLRMA offers a number of hands-on, studio-based, and art appreciation classes and workshops for adults. Designed for artists of all skill levels, these classes offer the opportunity to work with new mediums, learn new techniques, and gain new perspectives on creating art. Fees apply.

Cultural TripsLRMA staff members occasionally coordinate and host trips to museums, galleries, and other cultural sites throughout Florida and the United States; these cultural travel opportunities are open to LRMA members only. Fees apply.


• Focus FridaySelected first Fridays at noon in the Made in Florida GallerySome of the museum’s many new or seldom-seen acquisitions and donations are unveiled and discussed during this delightful program held monthly between February–May and September–November. LRMA’s experienced docents research and present the featured artwork for each program. Free with museum admission.

Gallery Talks and LecturesThe museum complements its special exhibitions throughout the year with informative gallery talks and lectures by artists, curators, and art historians. Free with museum admission.

ToursEvery Sunday, the museum offers a docent-led tour of the galleries at 2:00 p.m. included with regular admission. On other days, community groups are invited to schedule guided tours at a cost of $10 for adults and $8 for seniors 62 and older.A list of nearby restaurants is available upon request.


• Virtual Happy HourTuesdays from 5:30-6:30pm via ZOOMOne of the Museum’s newer programs, this weekly free course examines art, history, and culture from across the bar! Learn about your favorite cocktails, and impress your friends with your wealth of knowledge.

MUSEUM PROGRAMSKIDS & FAMILIES

• Art Classes & WorkshopsLRMA offers a number of hands-on, studio-based, and art appreciation classes and workshops. Designed for kids of all ages, these classes offer the opportunity to learn new skills and explore the world of art. Fees apply.

Challenge of Modern Art Interactive GalleryArt books, digital interactives, games, puzzles, drawing easels, and a magnetic word wall are some of the fun and enriching activities this comfortable space has to offer. Free with museum admission.

Community Fun DayThe entire community is invited to visit the museum free of charge on a special day and enjoy refreshments, entertainment, guided tours, and activities for all ages!

MUSEUM PROGRAMSKIDS & FAMILIES

• Gallery Treasure HuntFamilies can pick up a Treasure Hunt activity at LRMA’s Visitor Services Desk and explore the art on view together, gallery by gallery. Free with admission.

Leap into Art at Leepa-Rattner!Last Wednesday of the month at 3:30 p.m.Young children and their families are treated to enchanting stories about modern art and a related hands-on art activity in the museum’s Challenge of Modern Art Interactive Gallery. Palm Harbor Library staff members read the stories and the LRMA Education Department leads the activities. Free with admission.

MUSEUM RESOURCE CENTER

• Located on the lower-level of the museum, the Resource Center may be visited by appointment only. The Resource Center contains books, archives, print and AV material related to LRMA’s history and the Rattner/Leepa/Gentle collection, along with an extensive selection of 20th and 21st century art books.

•Art LibraryA reference collection of 1000+ books supportive of the LRMA mission.

•Abraham Rattner Archives & LibraryOver 16 linear feet of archival documents from the Abraham Rattner estate including letters, diaries, art inventories, unpublished transcripts, and other personal writings. Also includes the personal library holdings of Abraham Rattner, Esther Gentle, and Allen Leepa with rare antiquarian books, first editions, and signed editions.

•LRMA History & Exhibition FilesA chronological history of LRMA from its inception in 1997 to present day.

•LRMA Audio-Visual CollectionArchival media (cassette interviews, slides, 16 mm films, and VHS tapes); 19th–20th century art slide library; SPC/LRMA-produced media; and mission-relevant CDs, VHS tapes, and DVDs.

ART @ HOME – DIGITAL EXHIBITIONS

With support from St. Petersburg College, LRMA has created an online portal that allows individuals from around the world to study our exhibitions and objects from our collection to use for research, teaching, and more. With the eventual goal of access to all of the works in our collection, our initial launch in April 2020 features our exquisite exhibition Louisa Chase: What Lies Beneath celebrating the work of one of the most prominent female artists of the 20th century.

The Leepa-Rattner Museum of Art’s Collections Online has been built with the many audiences and supporters of the Museum in mind, including the SPC campus community, the city of Tarpon Springs, and the larger Tampa Bay region. With special focus on increasing access to information about the art in the Museum’s collection, the site is designed to be inviting and engaging for both art enthusiasts and those who have never been to an art museum before. We invite visitors to use the Collections Online to further their own research, teaching, or creative activities. We encourage exploration, making connections, and engaging more deeply with our collection through the online portal.

WOMAN-MADE: A CELEBRATION OF FEMALE ARTISTS IN THE COLLECTIONS OF THE LEEPA-RATTNER

EARTH DAY 2020 - A CELEBRATION OF ENVIRONMENTAL ART

MUSEUM STAFF

• Director - Dr. Teresa Wilkins, Ph.D.

• Curator – Christine Renc-Carter, M.A.

• Collections Manager – Michele DiMattia, M.A.

• Museum Preparator – Larry Fineout

• Curatorial Assistant – Elise Tanaka

• Staff Accountant – Cristina McCormack

• Development Officer – Angela Manescala

• Visitor Services Manager – Beth Becker

• Communications Assistant – Nina Rivera

• Visitor Services – Doreen Saccardo

UNDERSTANDING THE RELATIONSHIPLEEPA-RATTNER MUSEUM AND ST. PETERSBURG COLLEGE

• The Leepa-Rattner Museum of Art, Inc. is a non-profit entity.

• The Museum is part of St. Petersburg College, which is part of the State College System

• All Museum staff are employees of SPC

• LRMA is a Direct Support Organization (DSO) to the College

• As part of SPC, LRMA is subject to The Sunshine Law

WHAT IS A DIRECT SUPPORT ORGANIZATION (DSO)?

• A Direct Support Organization (DSO) is an organization that has the authority to make expenditures to, or for, the benefit of the parent organization. In the case of the Museum, we are the DSO and our parent organization is St. Petersburg College (SPC).

• DSOs must be a non-profit, incorporated under the provisions of chapter 617 and approved by the Department of the State.

• DSOs are responsible for their own purchases, contracts, and expenditures. Although legally a separate entity, LRMA is financially accountable to SPC.

• DSOs are subject to audits, oversight, and budget approvals from the parent organization.

• LRMA is managed independently, and our power is vested in a governing board pursuant to various State statutes.

• LRMA benefits SPC through the promotion of educational excellence.

Questions?

THE SUNSHINE LAW (CH.286 FLORIDA STATUTES)

• Florida’s “Government-in-the-Sunshine Law” (Ch. 286 Florida Statutes) provides a right of public access to meetings of public boards or commissions, such as all meetings of the Leepa-Rattner Museum of Art’s Board of Trustees. There are three (3) basic requirements of holding meetings “in the Sunshine”:

• 1. The meeting must be open to the public.

• 2. Reasonable notice of such meetings must be given. (2 weeks)

• 3. Minutes of the meetings must be taken.

• Additionally, all votes must be made in public and be recorded and any conflict of interest must be disclosed.

THE SUNSHINE LAW AND ME

• Some of you may be wondering – can I even talk to other board members then? Yes!

• The Sunshine Law states than any communication related to agency business be made in a public meeting. So of course you can be social with one another – and me!Youcan even inform each other of a subject you’ll be bringing to the table to discuss in a public meeting, but we just cannot discuss any board actions outside of the public meeting.

• Dr. Linda Johnson, DDS, LRMA’s Board Chair, has wanted to get to know each of you, perhaps go to lunch and get to know your strengths you’re bringing to the Board. That’s perfect! Just save any Board action talk for the public meeting!

Questions?

RESPONSIBILITIES OF THE BOARD

• The LRMA Board has the following primary responsibilities:

• Purpose

• Continuity

• Progress

• Identity

RESPONSIBILITIES OF THE BOARDPURPOSE

• The LRMA Board is responsible for establishing and implementing the Museum’s mission. Much of this is done through policy development. Board members formulate, monitor, and evaluate policies and the Museum staff implements them!

• Responsible for formulating and approving framework and operational policies.

• In establishing written policies, the Board provides Museum staff with clear authority and guidance to carry out their respective roles.

RESPONSIBILITIES OF THE BOARDCONTINUITY

• The LRMA Board is responsible for providing continuity for managing and implementing the Museum’s affairs. This is primarily accomplished through planning.

• Board should ensure that a long-range strategic plan is prepared and monitored. The plan should outline the objectives for each function of the Museum and specify the expected outcome and impacts. The plan should guide the Board and the staff in achieving the objectives.

RESPONSIBILITIES OF THE BOARDPROGRESS

• The LRMA Board is responsible for setting the rate of progress the Museum takes in reaching its mission.

• Responsible for the safety, security, and preservation of the Museum’s collection.

• Responsible for ensuring the Museum has the financial resources necessary to meet the long-term and short-term goals, trustees must:

• Establish budgeting, financial reporting, fundraising and sponsorship plans annually.

• Oversee and participate in fundraising activities, raise funds for the Museum. Use their influence to assist Museum Development staff and volunteers in raising these funds.

RESPONSIBILITIES OF THE BOARDIDENTITY

• The LRMA Board provides an important link between the Museum and Community.

• Board Members represent the views of the community in policy development.

• Board Members communicate the mission of the Museum to elected representatives and the public.

• Board Members advocate for greater public involvement and increased moral and financial support for the Museum in the community.

LEEPA-RATTNER MUSEUM OF ARTBYLAWS – ARTICLE 1: NAME AND MISSION

• Section 1: The name of this organization shall be “The Leepa-Rattner Museum of Art, Inc.”

• Section 2: The Leepa-Rattner Museum of Art, Inc., a direct-support organization for St. Petersburg College pursuant to the provisions of §1004.70(1), Florida Statutes, is organized exclusively for educational purposes and shall operate in a manner consistent with the mission and goals of St. Petersburg College and in the best interest of the state.

• Section 3: The current Mission Statement of The Leepa-Rattner Museum of Art, Inc.: is to collect, conserve, exhibit and protect the works of art entrusted to its care and stewardship. Through its exhibitions, programs and expanding collection of 20th and 21st century art, the Museum strives to engage and inspire our diverse community by providing opportunities for education, enlightenment, interpretation and research to students, scholars and visitors.

LEEPA-RATTNER MUSEUM OF ARTBYLAWS – ARTICLE 2: OFFICE

• Section 1. The principal office of the Museum shall be the Tarpon Springs Campus, St. Petersburg College, 600 Klosterman Road, Tarpon Springs, Florida, 34689.

• Section 2. The official mailing address of the Museum shall be P.O. Box 1545, Tarpon Springs, Florida, 34688.

LEEPA-RATTNER MUSEUM OF ARTBYLAWS – ARTICLE 3: MEMBERSHIP

• Section 1. Membership shall consist of individuals and groups interested in the mission of The Leepa-Rattner Museum of Art, Inc. regardless of race, color, religion, sex, age, national origin, marital status or against any qualified individual with disabilities.

• Section 2. Membership fees and dues shall be determined and regulated by the Board of Directors. Fees and dues are subject to change at the Board of Directors discretion, provided such alterations are published within 30 days of the effective date of any such change. The Board of Directors will review membership fees and dues as necessary.

• Section 3. The Board of Directors will provide a list of membership benefits based on membership levels. Benefits and membership levels may be changed at the discretion of the Board of Directors.

LEEPA-RATTNER MUSEUM OF ARTBYLAWS – ARTICLE 4: BOARD OF DIRECTORS

• Section 1: Organizational Structure; Adding Directors; Expenses; Ex-Officio Members. The Board of Directors is responsible for overall policy and direction of The Leepa-Rattner Museum of Art, Inc. and delegates responsibility for day-to-day operations to the Museum Director and staff. The Board of Directors may have up to 30 directors and not fewer than 5. Board of Directors shall receive no compensation but may be reimbursed for expenses associated with official duties in keeping with reimbursement provisions of Chapter 112.061, Florida Statutes, as determined by Board of Directors policy. Ex-Officio Board of Directors members shall consist of the President of St. Petersburg College; the Director of the St. Petersburg College Foundation; and, the Provost of the Tarpon Springs Campus. Ex-Officio members have no vote.

• Section 2: The Governance Committee shall recommend candidates to serve on the Board of Directors when there are vacancies or when terms of Board directors are expiring. The Governance Committee recommendation(s) must be approved by the President of St. Petersburg College prior to the consideration of an official vote by the Board of Directors on the recommendation(s).

LEEPA-RATTNER MUSEUM OF ARTBYLAWS – ARTICLE 4: BOARD OF DIRECTORS• Section 3: Meetings. The Board of Directors shall meet at least four times a year, at an agreed upon time and place. One of the

four meetings shall be the annual meeting to be held in May.

• Section 4: Board of Directors Membership. Re-nomination of current directors, appointment of new directors, officers of the Board of Directors, and term assignments, as recommended by the Governance Committee and approved by the College, will occur as the first item of business at any quarterly meeting. Replacement of director positions and nominations for new directors, as recommended by the Governance Committee and approved by the College, may occur as the first item of business at any quarterly board meeting. While starting dates for new Board of Director’s members may stagger, the ending terms would be consistent with the Board of Directors annual calendar. Pursuant to §1004.70(2), Florida Statutes, one director shall be appointed by and from the Board of Trustees of St. Petersburg College. The President of St. Petersburg College shalldesignate an appointee to serve as a director and who shall also serve on the Executive Committee. Board of Directors must be members of the Museum. As custodians of a public trust, persons serving on the board of directors shall be, and remain, persons of high moral character, free from taint of conduct that may be considered immoral or illegal, or bring unfavorable publicity to the Museum. Any person who is or has been convicted of a crime shall be ineligible to serve and a member who is investigated or arrested for a crime shall be subject to suspension or removal from the Board of Directors. The Board of Directors may include one SPC student government member to serve a one-year, renewable term. The student shall be recommended by the Student Services Department and agreed upon by the Tarpon Springs Campus Provost and the LRMA Governance Chair.


• Section 5: Terms. The following policy will be initiated at the expiration of the sitting directors’ current terms (current as of August 1, 2012): All directors shall serve threeyear terms but may be re-nominated for up to a maximum of two consecutive terms. One year after an expired term, the former director will be eligible to return to the Board of Directors for up to two, three-year terms. Past board of director’s members may be renominated to fill a vacancy created by another director’s unfulfilled term at any time.

• Section 6: Quorum. A quorum for the transaction of any business shall consist of at least 50% plus one of the members of the Board of Directors (excluding the Secretary and ExOfficiomembers) and must include two members of the Executive Committee (consisting of the Board of Directors Chair, Vice Chair and the Treasurer).


• Section 7: Notice. A regular Board of Directors meeting requires that each director have written, verbal, electronic and/or faxed notice at least two weeks in advance. Special meetings shall require at least five days’ advance verbal, electronic or faxed notice.

• Meeting notices are posted in SPC’s public blog, the Blue and White as well as on LRMA’s website.


• Section 8: Officers and Duties. The officers of the Board of Directors shall consist of a Chairman, Vice-Chairman, Secretary, and Treasurer, and they also shall serve as the Executive Committee, along with the President of the college or the President’s designee. Their duties are as follows: • A. The Chairman shall preside at all regular and special meetings. The Chairman shall have the right to call special

meetings of the Board of Directors, upon five days’ notice to each Board of Directors member. The Chairman shall be an ex-officio member of all committees. The Chairman shall ensure that each committee has at least two members and that each committee has elected a committee chair. Within 30 days of taking office, the Chairman shall provide all standing and ad hoc committees with their charges. The Chairman shall sign on behalf of the Board of Directors documents requiring signature by an official of the organization with the attestation thereto by the Secretary (Museum Director, The Leepa-Rattner Museum of Art, Inc.) Documents relating to fiscal matters may be signed by the Treasurer.


• Section 8.

• B. The Vice-Chairman, in the absence of the Chairman, shall perform the duties of the Chairman, and when so acting, shall have all the powers of and be subject to all the restrictions upon the Chairman. The Vice-Chairman will also be a member of the Executive Committee.

• C. The Secretary (Museum Director, The Leepa-Rattner Museum of Art, Inc.) shall be responsible for having the minutes of all meetings recorded and maintained, shall have charge of all papers, archives, records, and property of the Board of Directors; shall issue all notices of meetings, maintain an up-to-date membership roster, and provide periodic reports on the activities of the organization to the entire membership. The Secretary shall serve on the Executive Committee but is not a member of the Board of Directors and has no vote.

• D. The Treasurer shall provide a report at each Board of Directors meeting. The Treasurer shall assist in the preparation of the budget, help develop fundraising plans, and make financial information available to Board of Directors members and the entire membership.

• E. The Board of Directors, by two-thirds vote, may establish other officer positions as may be needed.


• Section 9: Vacancies. When a vacancy on the Board of Directors exists, the procedures in Article IV, Section 2 shall be followed. These vacancies will be filled for the unexpired term(s) only. Terms may be extended based upon a two-thirds majority member vote.

• Section 10: Resignation, Termination and Absences. Resignation from the Board of Directors must be in writing and received by the Secretary. A director may be dropped for excess absences from the Board of Directors if s/he has three unexcused absences from regularly scheduled Board of Directors meetings in a year. Ex-Officio directors and the SPC President Appointee are not subject to this absentee policy. A director may be removed for other reasons by two-thirds vote of the remaining directors.

• Section 11: Special Meetings. Special meetings of the Board of Directors may be called, as provided, by the Chairman or one-third of the Board of Directors.

LEEPA-RATTNER MUSEUM OF ARTBYLAWS – ARTICLE 5: COMMITTEES

• Section 1: The Board of Directors may create committees and taskforces as needed, such as fundraising, projects, etc. The Board of Directors Chairman appoints all committee chairs.

• Section 2: Executive Committee. The Board of Directors Chairman, Vice-Chairman, Secretary, Treasurer and the President of the college or the president’s designee, shall serve as the members of the Executive Committee. Except for the power to amend the Articles of Incorporation and Bylaws, the Executive Committee shall have all of the powers and authority of the Board of Directors in the intervals between meetings of the Board of Directors, subject to the proscriptive direction and control of the Board of Directors.


• Section 3: Standing Committees. There shall be five standing committees: • The Governance Committee shall be responsible for reviewing the credentials of interested

members to the Board of Directors and preparing and presenting a final slate of candidates for all director and/or officer vacancies. This committee will also review and propose revisions to the Bylaws and Articles of Incorporation as needed.

• The Collections Committee will develop, review, and revise policies for exhibitions and acquisitions/accessions/deaccessions of art for the Leepa-Rattner Museum of Art, Inc. as needed.

• The Development Committee will assist in finding donors and in raising funds for the Museum. The Committee will be in charge of the Annual Gala and other auxiliary activities.

• The Education and Outreach Committee will provide a liaison between the community and the Leepa-Rattner Museum of Art, Inc.

• The Finance Committee will provide oversight, review and recommendations regarding the financial revenues, expenses, and investments of the Leepa-Rattner Museum of Art, Inc.


• Section 4: Ad-Hoc Committees. Ad-Hoc Committees may be appointed at the discretion of the Chairman. Such committees shall remain active until they have accomplished the purposes for which they are appointed

LEEPA-RATTNER MUSEUM OF ARTBYLAWS – ARTICLE 6: FINANCES

• Section 1: The Board of Directors is responsible for developing and reviewing fiscal procedures, a fundraising plan, and annual budget with the Director, staff and the College -after which, the Board of Directors must approve the budget, and all expenditures must be within the budget. The Board of Directors must approve any major change in the budget. The fiscal year shall be from April 1 to March 31 each year. Annual reports are required to be submitted to the Board of Directors showing past income, expenditures, and pending income. The financial records of the organization are public information and shall be made available to the membership, Board of Directors, and the public pursuant to the provisions of Chapter 119, Florida Statutes, subject to the confidentiality exemption provisions of §1004.70(6), Florida Statutes.

• Section 2: The Board of Directors shall provide for an annual financial audit in accordance with rules adopted by the State Auditor General and pursuant to §1004.70(6), Florida Statutes.

LEEPA-RATTNER MUSEUM OF ARTBYLAWS – ARTICLE 7: AMENDMENTS

• Section 1: A two-thirds majority of the Board of Directors and approval of the College may amend these Bylaws when necessary. Proposed amendments must be submitted to the Secretary to be sent to all voting and non-voting members at least one month prior to the time of consideration by the Board of Directors.

GOALS FOR THE MUSEUM2020 - 2030

• Ensure continued, effective governance of the Museum.

• Nomination of new Board members

• Diversify Board composition

• Conduct training in fundraising strategies and techniques

• Maintain fiscal responsibility while building financial capacity and security

• Planned Giving, Endowment, and Capital Campaigns

• Expanded annual fund campaigns

• Increasing corporate contributions


• Explore and modify the use of Museum facilities and infrastructure to better support the mission• Dialogue with St. Petersburg College to establish agreement and support for updated architectural

master plan for space utilization and expansion of study/storage areas and implementation of café

• Strategically build and steward our collection of art• Modify acquisitions plan by identifying gaps, setting priorities and establishing guidelines for new

acquisitions• Determine financial requirements for each acquisition

• Identify and cultivate private collectors in priority areas targeted for collections expansion.• Formulate and implement a digital strategy for collections

GOALS FOR THE MUSEUM2020 - 2030• Develop and present an engaging visitor experience of exhibitions and educational activities relevant to the cultural life of

Tarpon Springs and beyond

• Design, implement, and maintain a three-year (3) calendar of exhibitions and programs

• Update the Museum website

• Implement digital exhibitions and online interactive programs

• Increase studio art offerings

• Implement Museum classes

• Engage our diverse community to build audiences and the reputation of the Museum• Increase visitor attendance by 5% annually

• Implement broad, integrated marketing campaigns with a target to regional areas under-represented among current visitor pool

• Collect zip-code information from visitors

• Increase corporate, retail, and public and private school relationships

• Design and conduct audience, member, and program participant evaluations with in-house staff and volunteers


• Ensure all Human Resources are in place to carry out strategic plan

• Update, maintain and create personnel policies and procedures in alignment with the college

• Maintain a museum-wide meeting schedule and communications plan

• Develop a staff recognition and morale building program including peer-to-peer recognition

• Align the organizational chart to support the strategic plan

• Refine job descriptions for all positions

• Develop and implement an orientation program for new employees and volunteers

LRMA’S BUDGET PLANNING MODEL

FUND 22Restricted Fund Within College

Allows excess revenue to be carried forward

Funded by SPC Contribution, Endowment Earnings and LRMA cash

Cannot have a deficit balance at fiscal year end

Shortfall will be funded with LRMA 501c3 cash


FUND 22

501c3

SPC Contribution

Endowment Earnings

LRMA Cash

SPC Contribution to be Reduced by $50,000 each year


FUND 22

501c3

Endowment Earnings

LRMA Cash

80% of Endowment Earnings deposited into Fund 22 each

yearSPC Contribution


FUND 22

501c3

LRMA Cash

LRMA cash will be used to reimburse some personnel expenses and to cover any potential Fund 22 deficit SPC Contribution

Endowment Earnings


FUND 22

501c3

LRMA Cash

Store Revenue

Admission Fees

Membership RevenueGrant Revenue

Contributions

Other Revenue

LRMA’s Cash position is dependent

on the revenue it raises

Revised FY 2021 All Budget

FY 2021 Budget Fund 22 Budget SourcesREVENUE BUDGET 501c3 Fund 22 ALL

Admissions 9,396$ -$ 9,396$ Contribution 135,250$ -$ 135,250$ Membership/PartnersArt 55,000$ -$ 55,000$ Net Store Revenue 3,200$ -$ 3,200$ Fundraising 5,000$ -$ 5,000$ Programming 5,075$ 5,075$ Interest Income 3,000$ 3,000$ 6,000$ Endowment Earnings -$ 96,859$ 96,859$ Other 60$ 143,500$ 143,560$ SPC Contribution -$ 167,109$ 167,109$ Total Revenue Budget 215,981$ 410,468$ 626,449$

EXPENSE BUDGET 501c3 Fund 22 ALLAdministration 42,666$ -$ 42,666$ LRMA Personnel Reimbursements 135,000$ -$ 135,000$ Curatorial/Collections 15,765$ 15,765$ Marketing/Development 14,894$ 14,894$ Education/Programming 5,490$ 5,490$ Personnel and Benefits -$ 598,931$ 598,931$ Travel 1,000$ -$ Postage 1,000$ -$ Printing/Duplicating 3,500$ -$ Repair/Maintenance 1,500$ -$ Materials, Supplies, Service Fees 16,400$ -$ Total Expense Budget 213,815$ 622,331$ 836,146$

Net Revenue Over(Under) Expenses 2,166$ (211,863)$ (209,698)$

Fund Balance to be used 211,863$

Est. Fund Balance at End of Year 152,364$

Leepa-RattnerMuseumofArt,Inc.FY2021Comparison

LRMA’sendowmentisroughly$2.5m.

CollegeCashContributionwhichdecreases$50keachyear

Fund22