Comprehensive Business Plan
for
Gateway to Science
1810 Schafer Street, Suite 1
Bismarck, ND 58501
701.258.1975
Board of Directors President, Frank Koch
Building Committee Chairperson, Scott Olson
Executive Director, Elisabeth Demke
beth@gscience.org
http://www.gatewaytoscience.org
MISSION STATEMENT: To inspire the discovery of science through hands-on experiences.
VISION STATEMENT: To become the premier experience that inspires the scientist in everyone.
EXECUTIVE SUMMARY:
This business plan covers the design, construction and first three years of operation of a new hands-on
science center in Bismarck, North Dakota. A new facility will be built on 7.08 acres of land located on
Canary Avenue, west of the MDU Resources Community Bowl.
Gateway to Science began operations in 1994 and offers interactive exhibits and educational programs
in central North Dakota. Gateway to Science is a 501(c)(3) independent non-profit educational
organization.
“Informal science opportunities can help learners understand the relevance of science to their lives, the
depth and breadth of science as a field of inquiry, and what it might be like to choose to do science in
the world, either as a professional or a hobbyist. These experiences may also provide important and
unique opportunities to engage students who come from communities historically underrepresented in
the sciences.”
- National Science Teachers Association position statement
Learning Science in Informal Environments (2012)
What is Informal Science Education?
Informal science education (ISE) is learning related to science that occurs in informal, out-of-school
contexts. These contexts vary from visiting science centers and engaging with the exhibits and
programs offered there, to watching a science program on TV, to researching a nature topic in the
library or online, to participating in structured afterschool programs, and so on.
More than a decade ago, and after considerable input from members, the Informal Science
Education Ad Hoc Committee of the Board of the National Association for Research in Science
Teaching (NARST) concluded that learning in out-of-school contexts means “learning that is selfmotivated, voluntary, guided by the learner’s needs and interests, learning that is engaged in
throughout his or her life” (Dierking et al., 2003, p. 109). This implies that ISE learners are selfdirected, pursuing things that they need to know and hence of value to them, or things that are
interesting and entertaining or amusing. Not all of these experiences result in learning at a conscious
level. Some of them may result in “ah-ha” moments when an understanding suddenly falls into place,
but many times these experiences will lay dormant until a reminding experience at a later time
results in conscious understanding. This is why learning about science (including learning about
technology and other cognate disciplines) in informal contexts, ideally, is a continuous, life-long
process. (Excerpt from Informal Science Learning and Education: Definition and Goals by Anita
Krishnamurthi, Afterschool Alliance Leonie J. Rennie, Curtin University)
1
I. PROJECT DESCRIPTION
A. Introduction
This business plan describes a project to construct a new 65,000 square foot (gross) facility to house
Gateway to Science. The plan covers both construction and the first three years of operations through
2020.
B. Project Goals
Gateway to Science will construct a new children’s science center to increase our capacity to offer high
quality activities and exhibits to families, children of all ages, educators, students and the general public.
In an expanded facility, Gateway to Science will offer a greater variety of informal science learning
opportunities, which include interactive exhibits, unique programs and special events.
The goal of this project is to provide a permanent facility where Gateway to Science can serve more
students and the general public with its interactive exhibits and educational programs. Improved
facilities will also provide a foundation to support greater outreach to our community and the entire
state of North Dakota.
A state-of-the-art science center will focus on the future of jobs and technology, making connections
between students’ interest in science and potential career choices. We will be training the future
workforce for science/technology careers.
In order to make this vision a reality, Gateway to Science seeks to raise $40,000,000, including a
minimum of $4,000,000 in endowment funds to maintain the facility once completed. Five-year financial
projections are included with this business plan, through the construction period and the first three
years of operation in the new facility.
C. Description of Gateway to Science
As an informal educational institution, Gateway to Science is able to expose students to new principles
that are not possible to demonstrate in most classroom settings, especially at the elementary level. A
growing body of research documents the power of informal learning experiences to spark curiosity and
engage interest in the sciences during school years and throughout a lifetime. Informal science
education institutions have a long history of providing staff development for educators and enrichment
experiences for students and the public. Informal science education accommodates different learning
styles and effectively serves the complete spectrum of learners: gifted, challenged, traditional, nontraditional, and second language learners.
Gateway to Science first began providing informal education programs and exhibits in 1994 in a small
space at Gateway Mall and in 2005 helped to develop the Frances Leach High Prairie Arts & Science
Complex. Although the square footage has remained relatively stable, the demand for services has
grown dramatically each year.
Gateway to Science is located in Bismarck, North Dakota, and is the only hands-on science center in our
state. Our organization was founded in November 1994 in response to a need for informal science
learning opportunities in our community and region. The interactive exhibits gallery is currently located
in the Frances Leach High Prairie Arts & Science Complex, a facility owned and operated by Bismarck
2
Parks & Recreation District. For 20 years, Gateway to Science has become an integral part of the
community’s cultural and recreational landscape, providing children and families with quality activities
in an informal setting.
The Gateway to Science mission is to inspire the discovery of science through hands-on experiences.
Gateway to Science has built a positive reputation for providing quality educational opportunities for
children of all ages through an interactive exhibits gallery, programs and family events. Annual
attendance in the gallery and educational programs exceeds 19,000 and has been steadily increasing for
the past several years. There is a need for a permanent interactive science center with consistent and
ongoing exhibits and programs. These services are not provided by any other organization in the state of
North Dakota. Significant growth in the state and an emphasis on science, technology, engineering and
math (STEM) in formal education (e.g. schools) is causing an increased demand for our services.
Making an Impact:
Gateway to Science encourages interest in careers in science, technology, engineering and mathematics
(STEM). Studies in many countries have identified out-of-school exposure to science, including visits to
science centers, as a significant factor in career choice.
Gateway to Science enhances STEM education taught in schools with hands-on experiences. We work
directly with students through school outreach programs and field trips, reaching thousands of students
annually. Field trips to the exhibits gallery come from all over North Dakota and northern South Dakota.
Youth programs at Gateway to Science support positive development of inquiry-based thinkers. Young
people engaged in enrichment and employment programs gain self-confidence and work skills as well as
developing an interest in science.
We provide family-friendly learning in the form of entertainment. Although Gateway to Science staff
and volunteers take our mission of informal science education seriously, we know that what we present
needs to be fun and engaging or people won’t come – and then we’d have no impact at all.
Lifelong learning opportunities like those offered at Gateway to Science increase science literacy for our
community as a whole and foster an atmosphere of community engagement.
Quality of Life – A healthy community offers a variety of activities for its citizens and visitors alike.
D. Project Elements
The new Gateway to Science will incorporate exhibits and programming that demonstrate the science
happening in North Dakota.
Exhibits: In preparation for the new facility, Gateway to Science has engaged professional design
services through the Science Museum of Minnesota to develop a comprehensive plan for developing
new exhibits. The new galleries will encompass approximately 27,000 square feet and will need to be
carefully planned. An exhibits task force comprised of volunteers from education, industry and
government will work closely with the consultant to ensure that our new exhibits are aligned with real
science including Agriculture, Energy, Healthcare, Transportation, Weather, Space, Robotics and
Technology. The new exhibits will be highly interactive to create a unique experience for Gateway to
Science visitors.
3
Gateway to Science recognizes that the ultimate test of exhibit design and construction is the reaction of
the visitors. We are committed to monitoring our visitors’ experiences with exhibits and to maintaining
the exhibit appearance and functionality. Exhibits will be grouped in thematic clusters to provide
multiple approaches to a given subject. They will be flexible, with an emphasis on open-ended inquiry,
and they will address the scientific process with questions such as, “How do we know this is true?”
Exhibits will be in continuous development at Gateway to Science. We anticipate that a comprehensive
exhibit plan will include a schedule for opening different exhibit areas over the course of several months
to encourage repeat visits and establish a pattern of regular discovery.
Programs: Gateway to Science currently offers a wide variety of hands-on programs including after
school clubs, summer camps and workshops on school holidays. Space limitations prevent multiple age
groups to be served at the same time, and our current facility doesn’t provide a true laboratory
experience for our students. With a suitable facility and an expanded professional staff, Gateway to
Science will be better able to respond to regional requests for programming while maintaining the
standards it has set for relevance and science content.
Gateway to Science will concentrate on four interrelated programming areas described below: gallery
floor programs, school groups, science camps and after school science programs.




Staff and volunteer educators will lead visitors in demonstrations, games, and other activities on the
gallery floor that supplement and reinforce the content of exhibits.
School visits will be planned around themes introduced by pre-visit materials in the classroom and
reinforced and enhanced by post-visit follow-up activities. Gateway to Science will work closely with
educators to ensure that school visits provide the maximum benefit to all involved.
Science camps will be offered during the summer months to provide students in-depth experiences
within a given science topic.
After school clubs and workshops will be expanded to allow more students to participate, including
multiple age groups.
Theater: A giant screen theater will be an integral part of the project. The theater will provide a venue
for mission-based films to enhance our visitors’ experience at Gateway to Science. It will also be made
available as a rental space for organizations and individuals. The screen will be retractable to reveal a
spectacular view of the Missouri River, making the theater an excellent place to hold special events,
meetings and conferences.
E. Location and Facility
The City of Bismarck has dedicated a prime 7.08 acre site to Bismarck State College for the sole purpose
of building a new Gateway to Science facility (refer to map in Appendix A). The site is highly visible from
I-94 and readily accessible.
F. Operating Hours and Fees
The building will be open seven days a week, except for a few holidays throughout the year. Admission
prices are currently $6.50/adult and $3.50/child. We anticipate applying incremental increases on a
semi-annual basis, remaining consistent with other similarly sized science centers and local attractions.
Based on the experience of many other U.S. science centers, visitors are expected to spend an average
of 2.5-3 hours in the new facility, with an expected peak attendance of 50 people/hour. The facility will
4
be available for rental, and we will host birthday parties and other celebrations regularly. We will
accommodate other requests for use of the space as appropriate.
G. Audience
Gateway to Science will serve the entire state of North Dakota with a population of 650,000 residents.
Our audience will consist of two primary groups: families (primarily on weekends, holidays and
throughout the summer) and school groups (during the school year). Appendix B shows a breakdown of
current and projected audience categories.
We project annual attendance levels of 70,000 (conservative) and 90,000 (best case), approximately half
of whom will be children. These numbers are based on:



An annualized attendance rate of 19,232 during FY 2013-14, during which the science center was
open 42 hours per week. The current exhibit floor is approximately 10% as large as the planned
facility.
Attendance figures from similar-size science museums in the Midwest United States, as compiled by
the Association of Science-Technology centers in Washington, D.C.
The expansion of our service area from Burleigh and Morton Counties to the entire state of North
Dakota and surrounding region.
New science centers commonly experience peak attendance shortly after opening, which decreases to a
relatively steady level within several years. High initial local visitorship may give way to increased
regional and tourist attendance over time.
Demand for Gateway to Science programs has increased substantially during the past two years. This
increased demand is caused by: 1) increased public awareness of the need for science literacy among
youth, and 2) a decreased ability of schools to offer science programming because of budgets cuts.
Despite budget cuts, schools are anxious to make use of science programming at Gateway to Science.
Administrators of Bismarck Public School District have expressed interest in partnering with Gateway to
Science to allow access to the new science center for their students. We offer a variety of events and
programs that can be found in Appendix C.
H. Management, Staffing and Governance
Appendix D shows the organizational chart for Gateway to Science. Current staff are:






Executive Director
Assistant to the Director
Educational Outreach Coordinator
Gallery Supervisor
Communications Specialist (3/4 time)
6 Center Guides (PT College and High School Students)
Board of Directors (Appendix E) – Establishes policy and has fiscal responsibility for Gateway to Science,
comprised of scientists, business professionals and community leaders.
Temporary committees, not shown on the permanent organizational chart, have been formed for the
purpose of developing a new science center.
5
Campaign Steering Committee – responsible for developing the funds necessary for the project and
comprised of community leaders.
Building Committee – responsible for working with the architectural and engineering team to design a
facility that will fulfill project goals.
Exhibits Committee – responsible for working with exhibit designers and fabricators to ensure that
exhibits are acquired to demonstrate the science happening in North Dakota.
I. Fundraising
Gateway to Science began planning this project in 2012 after researching several options to gain more
space for our exhibits and programs, including a move and expanding our current facility. In 2013, the
ND Legislature appropriated $5 million to the Department of Public Instruction for a grant to construct a
new children’s science center. Gateway to Science applied for and received approval for this grant.
We have engaged the professional fundraising services of American City Bureau to raise the additional
funds to complete the project. A Developmental Study© was conducted in summer 2014, which
indicated strong support for the project. Fundraising has begun. Some capital funds have been received
or pledged. 100% of Gateway to Science Board of Directors and staff have made commitments to the
capital campaign.
A fundraising plan provides naming opportunities for many areas within the facility, as well as the
building itself (see Appendix F). Our fundraising efforts are statewide and include major industries with a
vested interest in science education. Giving levels will allow participation by anyone who wants to
support Gateway to Science’s vision.
J. Summary
This plan represents the logistical and financial details for a new Gateway to Science facility in Bismarck,
North Dakota. The financial projections that follow in Section II indicate that the plan is economically
feasible. Based on the plan, Gateway to Science is confident in moving forward with fundraising and
detailed architectural design for the project.
Index of Appendices:
Appendix A: Boundary Map of New Gateway to Science Site
Appendix B: Gateway to Science Audience
Appendix C: Gateway to Science Events & Programs
Appendix D: Organizational Chart
Appendix E: Gateway to Science Board of Directors
Appendix F: Gateway to Science Naming Opportunities – Capital Campaign
6
Appendix A: Boundary Map of New Gateway to Science Site (marked in red)
7
Appendix B: Gateway to Science Audience
Description
Gallery Admission
(Families & Individuals)
Avg. stay = 2 hours
School Field Trips &
Other Group Visits
Current Audience
Maximum
Weekday
50 over
7 hours
Saturday
125
over
5 hours
Up to 40
students
w/adult
chaperones
Average
Weekday
30 over
7 hours
Saturday
50
over
5 hours
24 students
w/adult
chaperones
10-15
students
Educational Programs
20 students
Family Events
300 children 100 children
and parents and parents
Einstein on Wine
200 adults
@ HP
Anticipated Audience
Maximum
Mon-Sat
250 over
9 hours
Average
Mon-Sat
100 over
9 hours
Sunday
125 over
4 hours
Sunday
75 over
4 hours
Weekly: Up to
800 students
w/ adult
chaperones
Up to 60
students per
session
1000 children
and parents
Weekly: 550
students
w/adult
chaperones
1000 adults
750 children
and parents
500 adults
Method of Transportation to
Gateway to Science
Current:
M-Th, Noon-7 pm
F/S, 10am-5 pm
Future:
M-Sat: 10am-7pm
Sun: 1-5PM
Individual vehicles
School Hours, M-F
Busses or
Parent drivers w/4-7 students
per vehicle
45 students per
Year-round
session
Hosted
5 classes (Avg.
offsite
24 students)
*The majority of Environmental Festival will continue to be held at BSC Jack Science Center.
Environmental Festival*
When
Weekends and
evenings
Friday Evening
One night
annually
School Hours
Two days annually
Parent drop-off
Family vehicles
Individual vehicles
Busses
Attendance Statistics:


Children = 73% of general admission; Adults = 27% (includes all field trips, group visits and gallery admission)
FY2013-2014 annual attendance = 19,232 (27% general gallery admission, 17% field trips and group visits, 17% events, 39% educational
programs)
Appendix C: Gateway to Science Events and Programs
January – Winter Wonderland – 3rd Friday evening
 Astronomy-based event featuring StarLab or Discovery Dome portable planetarium, winter
stargazing and hands-on activities
 Free to the public
February – WIDGET Contest & Explore Engineering – Saturday early in the month




Competition for high school teams to build machines that can complete a challenge
Hands-on activities for younger students to explore engineering
Run in partnership with the NDSPE
Free to the public
March – Environmental Festival – Wednesday & Thursday during school hours





Free to 5th grade classes
Approximately 2,000 in attendance
22-25 presentations, morning and afternoon sessions
Classes within 100-mile radius of Bismarck invited
Always fills with a waiting list
March or April – NanoDays – Saturday afternoon



NanoDays is a national event that can be run as an individual date or up to 10 days of
activities. (Dates are dictated by national committee.)
Free Family event
Applications of Nanotechnology
June – Weather You Wanna’ Know – 3rd Saturday afternoon



Free Family Event
Hands-on activities related to weather
Presentations by meteorologists
July – Family Rocket Day – 3rd Saturday afternoon
 Free Family event
 Several varieties of rockets (air-powered, water-powered, chemical reaction, enginepowered)
 Launching of engine-powered rockets built by participants, as well as a few larger rockets
that require FAA clearance
August – Bubble Bliss – 3rd Saturday afternoon



Free Family event
Lots of soapy hands-on activities
Held indoors, but messy (windy conditions cause problems)
September or October – International Observe the Moon Night



Date dictated by national committee
Free Family Event
Primarily outdoors for moon gazing, but some indoor activities included
October – Chemistry Demo Night – weeknight during National Chemistry Week


Free Family event
Presented by local high school chemistry teacher as an on-stage demonstration
October – Spooktacular Science – Saturday afternoon around Halloween

Halloween themed hands-on activities plus gallery admission
November – Einstein on Wine – 2nd or 3rd weekend

Fundraiser featuring chef showdown between two local chefs
Year-round – Field Trips and Group Visits
Visiting Scientists Series




Partners include Gateway to Science, Bismarck State College, University of Mary, ND Society
of Professional Engineers, Institute of Electrical & Electronics Engineers, US Geological
Society, Bismarck Public Schools and St. Mary’s Central High School.
Typically offer two speakers each year on varying topics.
Expenses sponsored by contributions from partners.
School connections provide opportunities for speakers to visit directly with students in
assemblies or in the classroom when appropriate.
Offsite:
Back to School Extravaganza – Mandan – St. A’s/Kohl’s
Summer Fun & Safety – U of Mary – CHI St. Alexius/Kohl’s
Family Fun Day – Sanford Health Center
Girls Rock the Park – Girl Scouts
Urban Harvest – Downtown street fair on Thursdays July –August with Children’s Hour
Summer Reading Kickoff – Heritage Center
Camp Edventure – as requested
School Open Houses – as requested and when staff is available
Classroom Visits to Schools within a 50-mile radius
Traveling Science Trunk Program
NEW IDEAS:
Events or Programs including Summer Camps developed around themed exhibit galleries
Biology – tie in with Agriculture and/or Healthcare areas
Science Fiction Movie Events
Incorporate history and science into field trips
Special programs during school breaks and holidays
Technology – Active Board, Audio and phone scan capability for exhibition spaces
Traveling Exhibits – both to rent and to develop and travel to rural areas (incorporate existing
Science of Mystery Crime Lab Exhibitions)
Partnerships with industry – Farmer’s Union, Energy Industry, Healthcare, Transportation, etc.
Collaborations with state agencies as appropriate – State Water Commission, ND Game & Fish, Dept.
of Agriculture, etc.
Collaboration with university system
Planetarium – incorporate planetarium-like shows into a portable domed theater system.
Appendix D: Gateway to Science Organizational Chart
Board of Directors
Executive Director
Assistant to Director
Development
Director
Financial
Manager
Marketing
Director
Box Office/Store
Manager
Special Events
Manager
Educational
Outreach
Director
OST
Manager
School
Manager
Gallery &
Exhibits
Director
Gallery
Manager
Theater/IT
Manager
Hourly Staff
Current Staff
FY 2015-2016 Staff Additions
FY 2016-2017 Staff Additions
Appendix E: Gateway to Science Board of Directors 2014-2015
Frank Koch, President, Retired Chemistry Professor, Bismarck State College
Tim Lervick, Vice-President, Attorney, Crowley Fleck Attorneys
Brendan Joyce, Secretary, Pharmacist, State of North Dakota
Gregg Wiche, Treasurer, Director, US Geological Survey
Jason Anderson, Senior Solutions Analyst, State of North Dakota-Bank of North Dakota
Randy Binegar, Environmental Engineer, Tesoro Petroleum
Art Carlson, Retired Electrical Engineer, MDU Heskett Station
Drake Carter, Provost & Vice President for Academic Affairs, Bismarck State College
Amanda Eberle, Quality Engineer, Doosan/Bobcat Company
Linda Gutensohn, Professor, University of Mary
Jeff Hruby, Water Resources Group Manager, AE2S
Tom Hutchens, M.D., Mid-Dakota Clinic
Kevin Oberlander, Pharmacist/Owner, Dakota Pharmacy
Scott Olson, Principal Engineer, Apex Engineering Group
Karol Riedman, CPA, Chief Audit Executive, ND State Dept of Health
Amanda Wangler, Project Manager, Basin Electric Power Cooperative
Emeritus Members:
David Sprynczynatyk, Adjutant General, ND Army National Guard
Scott Weigum, Chemistry Teacher, Bismarck High School
Scott Wild, Marketing Director, University of Mary
Appendix F:
Gateway to Science Naming Opportunities - Capital Campaign
Building Naming Rights: _________ Science Center of ND
Vestibule and Lobby (together)
Coat Room
Box Office
Science Store
Exhibit Galleries:
Agriculture
Energy
Healthcare/Medical
Light & Color
Preschool
Robotics/Technology
Simple Machines
Space/Weather
Transportation
Traveling
Water
Education Wing
Laboratory Classroom
Classroom B
Classroom C
Outdoor Classroom
Theater (incl. lobby)
Theater seats
200 @ $500
Conference Room
Cafeteria
Public space around café
Volunteer Lounge
Elevator
Trail/s
Bricks/Tiles
1,000 @ $200
Bus Drop Off "______ welcomes you"
Parking Lot "_____ welcomes you" name on Reserved or HC parking
signs
Patio/Outdoor Gathering Space
Rooftop Patio
Petroleum Hall of Fame - Sponsor
$
$
$
$
$
10,000,000.00
1,000,000.00
75,000.00
75,000.00
250,000.00
$
$
$
$
$
$
$
$
$
$
5,000,000.00
5,000,000.00
1,500,000.00
250,000.00
1,500,000.00
700,000.00
250,000.00
1,500,000.00
1,500,000.00
1,500,000.00
$
$
$
$
$
$
$
$
$
$
$
$
750,000.00
315,000.00
250,000.00
100,000.00
5,000,000.00
100,000.00
100,000.00
500,000.00
500,000.00
25,000.00
50,000.00
200,000.00
$
50,000.00
$
$
$
$
50,000.00
500,000.00
500,000.00
250,000.00
Gateway to Science
Projected Statements of Financial Position
Jun 30,
2015
Jun 30,
2016
Jun 30,
2017
Jun 30,
2018
Jun 30,
2019
Jun 30,
2020
27,904
50
30,470
185,188
7,054
250,666
3,580,941
50
33,500,000
30,470
1,300,188
1,726,874
40,138,523
3,591,259
50
23,500,000
30,470
3,992,188
8,910,162
40,024,128
78,832
50
42,363
11,500,000
30,470
6,740,188
24,803,324
43,195,226
364,477
50
56,722
4,000,000
30,470
7,790,188
28,538,324
40,780,231
2,058,553
50
53,953
1,000,000
2,080,470
7,790,188
28,538,324
41,521,538
1,904,211
50
51,184
4,080,470
7,790,188
28,538,324
42,364,427
2,980
2,980
2,980
2,980
2,980
2,980
2,980
3,000,000
3,002,980
2,980
2,980
2,980
2,980
2,980
2,980
11,604
205,612
30,470
247,686
250,666
11,604
3,447,589
36,865,480
30,470
40,355,143
40,358,123
11,604
13,428,083
26,880,392
30,470
40,350,548
40,353,528
11,604
32,297,980
8,239,230
30,470
40,579,283
43,582,263
11,604
37,753,625
3,454,230
30,470
41,249,929
41,252,909
11,604
36,547,701
3,454,230
2,080,470
42,094,005
42,096,985
11,604
35,493,359
3,454,230
4,080,470
43,039,663
43,042,643
40,355,143
40,350,549
40,579,284
41,249,929
42,094,005
43,039,663
Jun 30, 2014
ASSETS
Cash and short-term investments
Accounts Receivable
Store inventory
Pledges receivable
Long-term investments
Exhibits inventory
Property and equipment
TOTAL ASSETS
LIABILITIES
Accounts payable and payroll liabilities
Short-term notes payable
Construction Costs payable
TOTAL LIABILITIES
NET ASSETS
Unrestricted
Designated for specific program
Undesignated
Temporarily restricted
Permanently restricted
TOTAL NET ASSETS
TOTAL LIABILITIES AND NET ASSETS
Gateway to Science
Projected Cash Flows
Period:
BEGINNING OPERATING CASH
RECEIPTS from Support
Memberships
Grants
Unrestricted Contributions
Capital Campaign contributions
TOTAL RECEIPTS from Support
RECEIPTS from Operations
General Admissions
Programs
Store and rental income, net
Events
TOTAL RECEIPTS from Operations
RECEIPTS from other sources
Loan/Line of credit proceeds
Interest Income from Endowment Fund
TOTAL RECEIPTS from other sources
TOTAL RECEIPTS
DISBURSEMENTS for Operations
Payroll expenses
Rent and insurance
Utilities
Maintenance, repair
Office expense (phone, postage,
supplies)
Marketing and meetings
Program supplies
Contracted services
Store Inventory Purchases
2014-15
2015-16
27,904
3,580,941
2016-17
2017-18
3,591,259
2018-19
78,832
364,477
2019-20
2,058,553
72,457
10,000
200,000
6,500,000
6,782,457
142,374
25,000
500,000
10,000,000
10,667,374
191,227
100,000
500,000
12,000,000
12,791,227
201,911
250,000
500,000
7,500,000
8,451,911
217,910
250,000
200,000
3,000,000
3,667,910
233,199
250,000
200,000
1,000,000
1,683,199
32,150
26,850
50,000
109,000
44,180
31,270
55,000
130,450
224,850
64,890
115,970
60,500
466,210
375,900
94,098
464,153
66,550
1,000,702
470,295
118,564
615,538
73,205
1,277,601
484,470
124,492
646,091
80,526
1,335,579
-
-
3,000,000
460
3,000,460
460
460
80,460
80,460
160,460
160,460
6,891,457
10,797,824
16,257,897
9,453,073
5,025,971
3,179,238
235,920
13,580
354,069
15,000
65,000
325,000
553,475
15,750
68,250
341,250
640,320
16,538
71,663
358,313
665,933
17,364
75,246
376,228
692,570
18,233
79,008
395,040
10,000
12,000
5,000
7,500
10,500
12,600
5,250
10,000
11,025
18,900
5,513
10,000
100,000
11,576
13,230
5,788
10,000
100,000
12,155
13,892
6,078
10,000
100,000
12,763
14,586
6,381
10,000
100,000
Legal and accounting
TOTAL DISBURSEMENTS for Operations
DISBURSEMENTS for Financing
Loan payments
Interest expense
TOTAL DISBURSEMENTS for Financing
DISBURSEMENTS for Capital Expenses
Furniture, Fixtures & Equipment
Theater Projection & Sound
Exhibit expenses
Fundraising expenses - Capital
Campaign
Construction expenses
TOTAL DISBURSEMENTS for Capital
284,000
-
5,000
5,000
5,000
5,000
5,000
802,419
1,129,162
1,232,427
1,281,895
1,333,581
-
-
3,000,000
150,000
3,150,000
-
-
497,215
1,050,000
-
-
1,115,000
2,692,000
497,215
250,000
2,748,000
219,600
1,719,820
3,054,420
109,800
6,686,073
9,985,088
15,145,947
18,641,162
3,735,000
4,785,000
-
-
TOTAL DISBURSEMENTS
TRANSFERS TO OTHER FUNDS
To Endowment Fund
To Scholarship Fund
NET TRANSFERS
3,338,420
10,787,507
19,770,324
9,167,427
1,281,895
1,333,581
-
-
-
-
(2,000,000)
-
-
-
-
(2,000,000)
(50,000.0)
(2,050,000)
NET CASH ACTIVITY FOR THE PERIOD
3,553,037
10,317
(3,512,427)
285,646
1,694,076.38
(154,342.10)
ENDING OPERATING CASH
3,580,941
3,591,259
78,832
364,477
2,058,553
1,904,211
Endowment Fund - Ending balance
Scholarship Fund - Ending balance
11,501
18,969
11,501
18,969
11,501
18,969
11,501
18,969
2,011,501
68,969
4,011,501
68,969
Schedule A - General Assumptions
Inflation Factor
1.05
Wage Increase Factor
1.04
Fringe Benefit Factor
1.25
Utility Costs/sf
$
1.00
Cleaning & Maintenance Costs/sf
$
5.00
(2,000,000)