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. •••r ■ <br />’ *: -•.• <br />The Executive Director manages a $425,000 budget approved by an experienced Board of Directors with membership drawn from both <br />the arts and local communities. The Director is assisted by a <br />staff of full-time and part-time employees and an instructional <br />team led by six department heads. Volunteers provide a loyal <br />and active base, assisting in the operation and promotion of the <br />Center and its activities. <br />The Art Center of Minnesota is proud to provide an orpor unity <br />for area residents to explore the visual arts, music, dti'e, and <br />language arts in a thriving, creative environment or. north <br />shore of Lake Minnetonka. <br />The Center is committed to continuing its four-decade tradition <br />of innovation in community service through inter-generational <br />and cross-cultural arts programming that extends art into the <br />daily lives of its Lake area neighbors. <br />Financial Infonnation <br />Currently, 1800 families contribute mcjitoership fees and tuition <br />that, along with special fundraising events, provide 60^ of the <br />Art Center's operating budget needs. The remaining 40% is raised <br />through the generosity of area corporations and foundations and <br />most importantly the individuals that contribute to the annual <br />Guaranty Fund drive. However, it is becoming more and more <br />difficult to raise funds that balance our budget, particularly <br />when we iic.ve unexpected expenses, such as s $92,350 sewer <br />assessment (later reduced to $55,000). Man)' corporations and <br />foundations have changed their emphasis and only support human <br />service organizations or the MAJOR arts organizations in town. <br />As a result of ,bur past financial difficulities, we are managing <br />our operations with more efficiency now than ever before. We <br />have reduced our annual operating budget by 20%, an effort that <br />greatly limits oui abilities to grow and expand, but nevertheless <br />will allow us to continue. Also, in 1989 we sold one of our <br />bui’ vngs to help minimize our monthly deficit, which was <br />signx..icant at that time. <br />A Monthly budget for 1990/91 is attached as Exhibit 1. <br />Funding Request <br />Since we are a community resource providing services that <br />enhance the quality of life, we believe that we should have <br />some support from our local government. In fact, we are the <br />.only localart center that is not supported ^by.it's local <br />_^^.government (example: Edina and Bloomington Art ^Centers) <br />...4 -t-i. -■ <br />.vf : <br />2. <br />liL. .-..•.''-w.-- .Wc... - ... . <br />-r -.- f .tcrjcr <br />• —. . . '.-:v "• .