Articles

ISO reports smaller deficit, bigger endowment

The parent organization of the Indianapolis Symphony Orchestra said its expenses exceeded revenue by $1.7 million on a budget of $25.6 million for the 2010-2011 fiscal year. The deficit was $1 million less than a year ago, while the ISO endowment grew by $5.5 million.

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Not-for-profits hang out consulting shingle

Tight budgets are prompting some of the state’s largest not-for-profit organizations to launch new businesses to shore up the bottom line. The Indianapolis Museum of Art, for example, has a contract to manage the airport’s art collection.

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Arts groups prepare fundraising campaigns

This year, five organizations announced or began preparing for the launch of major campaigns. The targets ranged from $12.5 million for Heartland Truly Moving Pictures to $100 million for the Indianapolis Symphony Orchestra.

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Arts funding maintained in proposed city budget

Funding for city arts programs is expected to remain at $1 million in 2011, even as the mayor’s budget plan calls for cutting
$22
million in local spending. Funding for the parks department also should remain flat, at $21.1 million.

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