I got a heads up about the Santa Barbara Museum of Art...I always thought this was a harmless place where you could go look at paintings and such..a nice spot to hang out..I remember the hippies sitting at the corner of State and A with petitions to sign for social justive issues....power to the people kind of stuff....right on brothers and sisters!!
from a Yahoo review: This place is a private club. And now they have "Suggested Donation Sundays?" You'd think that with all of their Club Members... excuse me, Museum Members... that they would be able to keep the SANTA BARBARA musuem of art open just one day a week for SANTA BARBARA LOCALS.
It has a lovely collection of Asian Art and it has had some great exhibits in the past (the Terra Cotta Warriors back in the 90s were wonderful). I dont like the current exhibit - "Portrayal, Betrayal"... seems like an afterthought, like they threw it together in a month. I wish the SBMA was as wonderful as it was 10 years ago. Too bad.
so it seems the Independent had a little thing on the SBMA regarding fees...they are going to charge more to get in to get more tourist dollars..
looking at the books I see the museum has net assets of about $72 million....and they pay the CEO Larry Feinberg about $190000/year..
http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=9109
it appears that the SBMA received a sponsorship from JP Morgan Chase to allow for Chase Free Thursday evenings in which the public is allowed in free from 5:00PM to 8:00 PM..wow, three hours a week!!
the other hours of the week the regular admission price went up to $10....students and kids can get in free sometimes with the proper ID and proof of local residency!!!
hmmmm....if I'm a kid who wants to enter the Santa Barbara Museum of Art I need to show and ID and proof of residency???
ok now I'm getting a little worried....all I really wanna do is look at a few portraits and I gotta provide a freakin birth certificate???? from a nonprofit that received money from JP Morgan Chase??? while they pay the CEO over $190000 per year???
and you may have heard about the JP Morgan Chase issues..here's a few examples of the free market run amok where CEOs get over-compensated for incompetence!!!
Mortgage overcharge of active military personnel
In January 2011, JPMorgan Chase admitted that it wrongly overcharged several thousand military families for their mortgages, including active duty personnel in Afghanistan. The bank also admitted it improperly foreclosed on more than a dozen military families; both actions were in clear violation of the Servicemembers Civil Relief Act which automatically lowers mortgage rates to 6 percent, and bars foreclosure proceedings of active duty personnel.
Multibillion-dollar trading loss
JPMorgan Chase disclosed Friday that losses on its botched credit bet could climb to more than $7 billion and that the bank’s traders may have intentionally tried to obscure the full extent of the red ink on the disastrous trades.
Mounting concerns about valuing the trades led the company to announce that its earnings for the first quarter were no longer reliable and would be restated. Federal regulators, who were already examining the trades, are now looking at whether employees of the nation’s biggest bank by assets intended to defraud investors, according to people with knowledge of the case.
The revelations left Jamie Dimon, the bank’s chief executive, scrambling for the second time within two months to contain the fallout from the trading debacle. It has already claimed one of his most trusted lieutenants, compelled Dimon to appear before Congress to account for the blunder, and prompted the bank to claw back millions in compensation from three traders in London at the heart of the losses. A top bank official said that the board could also seize pay from Dimon but did not indicate it would do so.
THIS IS WHY I DON'T LIKE TAX EXEMPT NONPROFITS!!! these people simply have too much money not to pay their fair share of taxes....they are cozy with for-profits while the state tries to steal money from public workers, many of whom are veterans... the nonprofits continue their scams while pocketing millions!!!
the SB Museum of Art is now on my radar for trying to squeeze an extra buck out of patrons!!
1 comment:
The SBMA building was the federal post office, given to the county. The founders would all be shocked to see them charging admission - an idea from a Chicago ad man in the 1980s. Before that it was free to all. Just watch a tourist family with three kids go up the steps only to find out it's $40 admission!
It should be FREE TO ALL. Do you think I'm going to donate a $$art work and want it seen only by locals? How silly! Take a good look at the aims of the founders in 1941. They were wonderful sincere people whose purpose is now diverted!!Wake up SBMA!!
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