The Ottumwa Courier

AP National

July 8, 2013

Newseum in DC makes changes as funding falls short

WASHINGTON (AP) — In five years since moving to its new home overlooking the U.S. Capitol, the Newseum has become a major attraction with 4 million people visiting its exhibits about journalism and the First Amendment. Yet it's been struggling mightily to cover its costs.

Public financial documents reviewed by The Associated Press show revenue fell short of expenses by millions of dollars in 2009, 2010 and 2011. Its parent organization, the Freedom Forum, has used its endowment to provide the bulk of the Newseum's operating revenue since its creation, and the endowment's principal value has steadily declined from $600 million to about $373 million at the end of 2011.

Nonprofit management consultants say it's worrisome for a museum to be relying so heavily on a shrinking endowment, but the Newseum's top executive says it's not in financial trouble.

To rein in costs, the Newseum imposed four rounds of staff layoffs since 2008, most recently in January, and slashed employee retirement contributions. The Newseum is also reorganizing its educational programs under a separate nonprofit organization. Meanwhile, compensation for its chief executives struck some experts as overly generous.

"We've certainly worked on tightening up on expenditures. We certainly are going to be working on additional fundraising initiatives," President and CEO James Duff said in an interview. "I think we're making good progress. And certainly our numbers are very, very encouraging."

The Newseum is Washington's most expensive museum, charging $22 for adults and $13 for youth, though many other attractions are able to offer free admission because they're taxpayer-funded. It has drawn more visitors each year since it moved to its current location, including 817,000 in 2012. A spokesman said its visitor count is expected to grow again by 5 to 10 percent this year.

Still, the museum's heavy reliance on the Freedom Forum's endowment concerned several museum management consultants interviewed about the situation. In 2011, the endowment provided nearly half the Newseum's $63.7 million revenue. In 2010, it was more than half.

Text Only
AP National
  • Obama urges immediate access to Ukraine crash site WASHINGTON (AP) — President Barack Obama sternly called on Russian President Vladimir Putin to compel Kremlin-backed separatists to stop hampering the probe at the Ukraine site of a downed passenger jet and allow international investigators unfettere

    July 22, 2014

  • American Jews, other 'lone soldiers' serve Israel JERUSALEM (AP) — The two Americans killed in fighting in the Gaza Strip followed in the footsteps of scores of Jews from around the world who have volunteered to fight for Israel. Israel calls them the lone soldiers: They are men and women in the pri

    July 22, 2014

  • 2008 law unexpectedly at center of border debate WASHINGTON (AP) — A 2008 law to address human trafficking is at the center of the debate over the immigration crisis at the nation's Southern border. The law was passed at a time when fewer than 10,000 unaccompanied minors showed up each year at the

    July 22, 2014

  • Lawmakers face long to-do list, uncertain success WASHINGTON (AP) — A gridlocked Congress failed to do the big things: overhauling the nation's immigration system, reforming the loophole-cluttered tax code and stiffening background checks on gun buyers. Now it's time to see whether it can just do th

    July 22, 2014

  • Detroit retirees back pension cuts by a landslide DETROIT (AP) — A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that could end the largest

    July 22, 2014

  • Working-class whites lose voting dominance in Ohio COLUMBUS, Ohio (AP) — For the first time, working-class whites make up less than half of Ohio's eligible voters, part of a demographic shift in a key Midwestern swing state that is pushing political parties to widen their appeal beyond the once-domin

    July 22, 2014

  • Obama urges immediate access to Ukraine crash site WASHINGTON (AP) — President Barack Obama sternly called on Russian President Vladimir Putin to compel Kremlin-backed separatists to stop hampering the probe at the Ukraine site of a downed passenger jet and allow international investigators unfettere

    July 21, 2014

  • US outlines case against Russia on downed plane WASHINGTON (AP) — Video of a rocket launcher, one surface-to-air missile missing, leaving the likely launch site. Imagery showing the firing. Calls claiming credit for the strike. Recordings said to reveal a cover-up at the crash site. "A buildup of

    July 21, 2014

  • Florida town stunned by news of police KKK ties FRUITLAND PARK, Fla. (AP) — Ann Hunnewell and her central Florida police officer husband knelt in the living room of a fellow officer's home, with pillow cases as makeshift hoods over their heads. A few words were spoken and they, along with a half-d

    July 21, 2014

  • Kerry returns to Mideast to push for cease-fire WASHINGTON (AP) — U.S. Secretary of State John Kerry is making a renewed push for a cease-fire between Israel and Hamas with another trip to the Middle East after the civilian death toll in the conflict sharply escalated over the weekend. Kerry left

    July 21, 2014

Obituaries
Record
Facebook
AP National