Poor Mr. Crookall. He only makes a quarter million dollars a year in his current position. ISO only has $119 million net assets in 2007, with revenues of $10,492,587 that year. What is a poor executive to do?
I hadn't looked at the Eitlejorg's tax returns before. The 2008 tax return shows revenue of $5,084,028, total assets of $40,171,321. The President and CEO of the Eiteljorg makes $256,797 according to the 2008 return. Susan Lewis, a VP of Administration, makes "only" $110,000.
I have examined the Children's Museum's finances before. Astonishingly, the Children's Museum pays its President Jeffrey Patchen more than $500,000 a year in salary and benefits, while seven other employees make over $150,000 a year. Those are just the top employees. Since the Children's Museum paid out salaries and benefits totalling $14 million in 2008, the museum apparently has other handsomely paid employees. It is not difficult to pay those kind of salaries when the Children's Museum has income in 2008 of $29,608,00 along with net assets of $262,754,690.
I took a quick glance at the tax return for the Indiana Museum of Art. Same story. The Art Museum is raking in millions while paying lavish salaries. I'll take a closer look at that organization later.
Every day, I see people panhandling for money at the corner of Market and Delaware, right in front of the City-County Building. Are those people really any worse than professional panhandlers like Crookall, Jim Morris of the Pacers, Don Welsh of the ICVA, Susan Williams of the Indiana Sports Corporation and David Lawrence of the Indianapolis Arts Council who do their public begging inside the building and regularly walk away with millions of our tax dollars?