The Academy of Natural Sciences
Strategic Plan: 2007 to 2012

(Approved by the Board of Trustees, June 1, 2007)

The Academy of Natural Sciences (“Academy”) was established in 1812, and it is the oldest natural science research institution and museum in the Americas. Its mission, set forth by the Pennsylvania legislature in 1817, is “the encouragement and cultivation of the sciences.”

The Academy is now recognized internationally for its vast collections, research, exhibits, and educational programs. It is a 501(c) (3) non-profit organization with an annual operating budget of about $13 million and about 235 staff. The Academy’s collection of more than 17 million cataloged natural history specimens and artifacts is among the ten largest in the United States. The Academy will celebrate its 200th birthday in 2012, the final year of this five-year plan. The vision of this plan is doing what it takes to assure that the Academy is vibrant, financially-secure, and cutting-edge at its 200th birthday, and positioned to thrive and lead for the next 200 years.

The Academy implements its mission through four program goals:

In pursuing these goals —diversity of life, environment, education, and preservation (“DEEP”)— the Academy will observe the following:

Principal Needs

Building and Exhibit Upgrades and Use

Develop a master plan for the use and long-term maintenance of building space, and undertake the points below consistent with the plan. The plan will have two phases. The first will be a succinct conceptual overview. The second will involve more detailed plans, with presentation materials for use with donors. The second phase may be broken into phases itself, based on opportunities for support and operational sequencing. The plan will address public access, research, collections care, administrative support, and building systems support. It will provide for efficient and effective use of space for the Academy’s diverse needs, be energy efficient and environmentally friendly, provide visitors with a great experience, and enhance the visual presence of the Academy as a Parkway landmark.

Education

Science

Collection Preservation and Access

Baseline Balanced Operating Budget

The Academy’s audited financial statements for the previous three years (2004-2006) are balanced, with income exceeding expenses. The Academy is not experiencing deficit financial performance, and net assets continue to increase. However, the operating budget of the Academy shows a shortfall of income compared to expenses in the range of $500,000 to $1 million. The difference between audited financials and operating budget is primarily due to the Academy’s investment performance outpacing the current endowment spending policy, and endowment contributions not being included in the operating budget. Although these income sources are real and positive, they are not considered operating income. The annual operating budget uses internal resources, such as Board-designated reserves (but not endowment), to offset the operating income shortfall. A balanced operating budget is needed to preserve these Board designated reserves and give the Academy long-term assurance of viability; achieving this balance is an initial, fundamental need.

Finance and Administration

Income Development

Key initiatives to secure the funds needed to implement this strategic plan include:

Board of Trustees

Sales, Marketing, and Communications

Membership

Donations (Private, Foundation, Corporate)

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