CHEROKEE STRIP REGIONAL HERITAGE CENTER Annual Report July 1, 2015 June 30, 2016

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1 CHEROKEE STRIP REGIONAL HERITAGE CENTER Annual Report July 1, 2015 June 30, 2016 Mission: To tell the extraordinary stories of settling the Cherokee Strip and sharing the inspiring lessons of leadership with future generations Vision: The Cherokee Strip Regional Heritage Center is an institutional leader which: Presents the region s rich heritage through discovery, learning and inspiring leadership. Celebrates and commemorates the spirit of the Cherokee Strip Pioneers and relates that spirit to the present and the future. Serves other heritage organizations with the common goal of better understanding the history and culture of the Cherokee Strip. Collects, preserves and presents the history of northwest Oklahoma with emphasis on explaining why history matters. Values: Mission/Vision - All operations are planned and carried out to fulfill our Mission and Vision. Service - We consider the needs and interests of all groups in our region in our decision-making. Integrity - We maintain the highest ethical standards insisting on authenticity, intellectual integrity, transparency, and balance in programs, operations, and the stewardship of collections. Excellence - We demand excellence in all efforts through quality exhibits, programs, and, decision-making. Creativity - We exercise creativity and imagination as we address new opportunities and challenges while respecting and building on our accomplishments. Fiscally Sound - We live within our means while developing the support base for our future. Leadership - We promote the development of individual leadership while serving as a national leader in the museum field.

2 Operations: Annual Visitation (July June) - 13,200 Full-time staff 6 Part-time staff 6 Volunteers 68 Membership Program members as of June 30, 2016 Exhibits: 2015 Changing Cases Theme Patti Page, Transportation 2016 Changing Cases Theme Steadfast and Stylish May 1 Aug. 15 Aug. 28 Oct. 20 Jan. 12 Feb. 10 Feb. 28 Mar. 26 Apr. 5 Apr. 16 May 25 Nov. 11 The History of Grant County: From Stockade to Strip Center Collection temporary exhibit Apron Strings Traveling exhibit from Exhibits USA Rooted In Art show 4 th Annual Trappings of the Cherokee Strip Fine Western Art and Custom Cowboy Gear Show & Sale Red Dirt BBQ Student Art Winners Exhibit Keep Em Flying: 75 Years of Vance Air Force Base Center Collection temporary exhibit

3 Education and Programs: Brown Bag lectures held the second Wednesday of each month Average 40 attendees per month Family Activity Saturdays held monthly Average 43 attendees per month Turkey Creek School students attended Pioneer Life students attended. Sept Lantern Tours 110 attended (sold out) Oct Family Farm Day 564 attended April 25 - Host the Annual Enid Public School Foundation Fundraiser 700 attended. June 3 - WWII Homecoming Jubilee attended. June Host Summer Chautauqua 1,083 attended. July 23 - Hosted booth at Vance AFB 75th Anniversary Air Show 30,000 attended. Dec. 4 - Humphrey Abstract Christmas in the Village 1,100 attended Fundraising: 6 th Annual Cherokee Strip Days Gala raised $26,217 Year-end Campaign raised $9,937 3 rd Annual Trappings of the Cherokee Strip raised $3,126

4 Statement of Financial Position June 30, 2016 Current Assets Cash and cash equivalents $ 463,325 Inventory $ 29,996 Prepaid Expenses $ 1,752 Pledges receivable $ 1,048 Total current assets $ 496,121 Property and Equipment Land $ 75,000 Improvements $ 34,901 Equipment $ 7,128 Software $ 1,702 Vehicles $ 7,350 Exhibits $ 10,722 Total property and equipment $ 136,803 Less accumulated depreciation $ (22,153) Property and equipment, net $ 114,650 Total assets $ 610,771 Liabilities and Net Assets Accounts payable $ 2,638 Accrued salary and payroll taxes $ 7,116 Total current liabilities $ 9,754 Net Assets Temporarily restricted $ 15,242 Unrestricted $ 585,775 Total net assets $ 601,017 Total liabilities and net assets $ 610,771 Designated Assets Cherokee Strip Community Foundation Endowment - $576,417. Source of financial figures: Independent Audit, September 14, 2016

5 Statement of Activities Year Ended June 30, 2016 Unrestricted Net Assets Revenues and other support Admission income $ 13,557 Consignment Art Sales $ 14,729 Contributions $ 76,482 Gift Shop income $ 21,743 Grant income $ -- Interest and dividends $ 863 Investment distribution income $ 23,337 Membership income $ 22,589 Net assets released from restrictions $ 32,500 Other income $ 9,155 Program Income $ 19,137 School Programs income $ 6,520 Total revenues and other support $ 240,612 Expenses Education and operations of museum $ 126,148 Management and general $ 87,028 Fundraising $ 6,364 Total expenses $ 219,540 Excess of revenues (expenses) and changes in unrestricted net assets $ 21,072 Increase in temporarily restricted net assets $ 15,242 Transfer of building and assets to OHS * $ (32,919) Increase (decrease) in net assets $ 3,395 Net assets at beginning of year $ 597,622 Net assets at end of year $ 601,017

6 * CSRHC has a partnership agreement with the Oklahoma Historical Society (OHS) regarding the renovation and expansion of the new Heritage Center museum in Enid, Oklahoma. OHS owns the original building. With joint efforts and funds from both CSRHC and OHS, the expansion and renovation was completed in At present, there are two separate budgets for the museum OHS prepares the budget for state funding and CSRHC prepares the budget for private funding. In 2014, OHS paid CSRHC $34,000 a year to assist in the operating costs of the Heritage Center. However, OHS funding ceased during the current year. In June 2010, the certificate of completion of the construction of the museum was signed. Each year, any renovations, assets, or exhibits built for CSRHC are transferred to OHS, unless otherwise specified. Exhibits in progress from 2011 were completed in 2012, which, upon completion, were transferred to OHS in the amount of $233,428. During the year ended June 30, 2014, $4,363 of exhibits were transferred to OHS, and $71,146 were transferred during the year ended June 30, ** CSRHC had previously reported the value of investments in endowment funds held by Cherokee Strip Community Foundation (CSCF) on CSRHC s financial statements. However under the provisions of FASB ASC 958 and the transfer agreement with CSCF, CSRHC is not entitled to any of the principal of the endowment contributions, but only a portion of the investment earnings derived from those contributions, based on CSCF s spending policy. Therefore, a prior period adjustment was made during 2014 to eliminate the endowment funds from CSRHC s statement of financial position, in the amount of $562,582. A prior period adjustment was made during the current year to adjust the previous prior period adjustment to the CSRHC s books, and to eliminate the remainder of the endowment funds from CSRHC s statement of financial position, which totaled $29,327.

7 Officers: Members: Board and Staff Chairman - John Merz... Architect Corbin & Merz Architects, Enid, OK Vice-Chairman - Jason Turnbow... Marketing Director/Commercial Lender, InterBank, Enid, OK Secretary - Hallie Caldwell... Community Leader, Enid, OK Treasurer - Charles Carroll, Jr.... Accountant Chas W. Carroll Accounting, Enid, OK Staff: Reagan Allen... Ewbank, Hennigh, McVay Law Firm, Enid, OK Don Angle... Phillips University Legacy Fund representative Retired Minister and Professor, Enid, OK Robert Dense... President, Dense Mechanical Contractors, Inc. Enid, OK Kathy Dickson... Ex-Officio, Director of Historic Sites, Oklahoma Historical Society, Oklahoma City, OK Tom Evans... Encompass FSI, Enid, OK Lish Glasser... Community Leader, Enid, OK Dr. Roger Hardaway... Professor of History, Northwestern OSU Enid, OK Dr. David Russell... Retired Physician, Enid, OK James Shepherd... Attorney, Ezzell & Shepherd, P.L.L.C., Enid, OK Sharon Trojan... Community Representative/Volunteer, Enid, OK Andrea Holland Museum Director Dana Reese Office Manager David Kennedy Curator Aaron Preston Archivist Cody Jolliff Education Director Mike Caffey Maintenance Director Sarah Hardaway Museum Specialist Ella Proctor Education Assistant Darlene Pottorf and Cheri Franklin Visitor Services Dee Taylor and Mary McDonald Program Educators