Photo by Mary Prince, Mary Prince Photography
Gibson House Museum Treasurer's Report
by Robert Goodof
For the 2014-2015 fiscal year, the Gibson House Museum operated at a $7,265 surplus, versus a budgeted $4,400 deficit and a $1,500 surplus in FY 2014. The most important contributors to this performance were above-budget Annual Benefit receipts, other non-board support, and facility rental. Better admissions/tour receipts, lower program and guide expenses, and absence of unplanned maintenance expenses also contributed to the much-improved results.
More specifically, financial support from all other sources exceeded forecasts by $9,400, and was $6,500 above the prior year. Admissions/tours and program receipts were $2,800 ahead of plan and $4,200 above the prior year, while program expenses were $600 below plan and flat versus 2013-2014.
As a result of the strong contribution and operating results, only $3,750 was withdrawn from the endowment, versus a $10,200 budget. This included $1,000 for gutter repair from the winter storms.
The endowment balance, at fiscal year-end, was $306,000, including $24,250 in restricted funds, versus $315,000 and $44,000 in restricted funds. Cash (on hand and checking) was $2,200 versus at around $3,400 at the end of FY 2013-2014.
The Gibson House completed funding and execution of the $7,500 IMLS grant for digitization of the family photograph albums, and also completed the wallpaper restoration project, on time and under budget. As a result, the grantor, the Amelia Peabody Foundation, has allowed the museum to use the balance for restoration of the front hallway's carpet.
The Gibson House is now operating on a financially stable basis, although there are a number of opportunities to improve the museum's contribution to the neighborhood and its mission, given greater financial and labor resources. The museum has added a part-time Museum Assistant, thanks to specific support from generous donors Rosamond Allen and Linda and F. Towne Allen. This has allowed our Museum Administrator to focus on other activities, including local outreach. In an effort to develop more permanent financial security, a committee has been formed to explore and develop options for a more sustainable Gibson House.
Photo by John Woolf
Contributors
1859 Club
Rosamond Allen and Paul Landry
Linda and F. Towne Allen
Susan Ashbrook and Fritz Casselman
Jacqueline Blombach and Michael Duca
Frances and Thomas C. Duffly
Nancy Jane and Samuel H. Duncan
Nelson Gifford
Diane Gipson
Cindy and Robert S. Goodof
David R. Hocker
Ruth Ann Kupfer
Judith and Christopher Leich
Mary Hammond Norton
Payne│Bouchier Fine Builders
Lauren Thomas and Peter Der Manuelian
Trust for Seminarians
Katherine B. Winter
Donors for Fiscal Year 2014-2015
Robert J. Allison
Malina Amand
Elizabeth Ames
Desiree and Jacob Barry
Lance Brisbois
Ronald Brooks
Jonathan Butler
Mrs. Lewis P. Cabot
Cesidio L. Cedrone and Anthony M. Sammarco
Elizabeth Chace-Marino
Mark Chadbourne
Francine and Bill Crawford
Catherine Davis
Carol and Richard Daynard
Nancy Devereaux
Robert B. Dimmick
Sheila and Charles Donahue
Richard Doring
John Duncan (California)
John Duncan (Connecticut)
Jacqueline and Stephen Feinberg
Gail Fenske
Fisher College
Ariadne and J.M. Forbes
Ernestine Gianelly
Cathy Gibson
Edward W. Gordon
Richard Griswold
Anne and Richard Groves
Lorraine Hanley
Donna Harshman
Nancy and Thomas High
Nancy and Norman Holcomb
Elizabeth B. Johnson
Mary Kane
Diana and Howard Kassler
Marilyn Kearney
Thomas Kershaw
Mary Kingsbery
Ann H. Kneisel
Lorie Komlyn
Joan and Donald Korb
Joan Christison Lagay
Mary Leen
George Lewis
James Mahoney
Jane Marshall
Mary Martin
Maureen Meister and David Feigenbaum
Elizabeth M. Mellett
Lindsay Miller and Peter Ambler
Sharon Miller
Phoebe Milliken
Venky and Jaya Narayanamurti
John Neale
Carl Nold
Melissa and Larry Norton
NVIDIA
Patricia Oswald
Loumona Petroff
Margaret Pokorny
Antonia Pollak
Susan Prindle
Patricia Quinn
Margaret E. Richardson
Robert B. Severy
Barbara Shea
Margaret and Peter Sherin
Nancy and Joel Solomon
Jeanne and Donald Stanton
Anne Swanson
Jolinda and William Taylor
M. K. Terrell
Mary Thompson
Marty Walz
Virginia White
Sydney Taylor Williams
John Wolfarth
Janet Younker
Linda Zukowski
Raffle and Auction Donors
The Boston Athenaeum
Boston Pops
Jacqueline D. Blombach
Philip Celeste/On Center
Childs Gallery
Michael A. Duca
Samuel H. Duncan
Frances Duffly
Friend of the Gibson House Museum
Edward W. Gordon
Gordon's Fine Wines and Liquors
Mary Ethel Grady/Willow & Urn Antiques
Ruth Kupfer
Karma Longtin
Anthony M. Sammarco
Shaker Workshop of Arlington
Katherine B. Winter
Donors in Recognition
Laura and James Allen Duncan, in memory of Henry Allen
In honor of Anthony M. Sammarco:
Jacqueline and Stephen Feinberg
Gregory Jackson and Peter Sanborn
Mrs. Jeffrey Marshall
Virginia White
Designated Donations/Matching Gifts
For part-time Museum Assistant:
Linda and F. Towne Allen
Rosamond Allen
Jacqueline D. Blombach for Benefit flowers
Sheila Donahue for Benefit musicians
Frances Duffly for purchase of guide books
Samuel H. Duncan, NVIDIA Corp. Employee Giving Program
In-Kind Services
Fisher College, for snow removal and lawn maintenance
Laura Gresh, for design of Benefit invitation
Mary Prince Photography, for Benefit photography
Janet Younker and Denise Crean, Garden Club of the Back Bay, for
exterior floral plantings
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