Coupeville Arts Center Annual Report Fiscal Year 2007
		What does it mean to be a Coupeville Arts Center Member?
		l	First, you are contributing to the future of Arts and Arts Education through your support of the Coupeville Arts Center and WE THANK YOU!
		l	We especially thank our SPECIAL ANGEL, Muriel Pickard (one of our Founders) for her extremely generous contributions in 2007.
		l	Member Benefits also include:
			v	Early registration for workshops (as soon as they are posted on the website)
			v	Discounts on workshops
			v	Eligibility for Members' Only Gallery Shows
			v	Free admission to special lectures and shows
			v	Use of our extensive Art Library
			v	Sneak previews of Special Exhibits, including the Plein Air Painters' U.S. Open Gala Auction (for members with tickets)
		Who are the members of the Coupeville Arts Center?
		l	In 2008 our membership grew 23% over 2007!
		l	Although members come from all over the US and Canada, most of our members live on Whidbey and Fidalgo Islands.
			v	Coupeville			28%
			v	Other Whidbey/Fidalgo			26%
			v	Seattle Area			18%
			v	Other Washington Areas			19%
			v	Other States			8%
			v	Canada			1%
		Who are the students of the Coupeville Arts Center?
		l	Most of our students are women (81%)
		l	Though many come from Whidbey Island, nearly half live in other Washington communities.  And, one out of five of our students come from other states.
			v	Puget Sound (other than Whidbey)			42%
			v	Whidbey Island			27%
			v	Other Washington Areas			5%
			v	Other States			21%
			v	Canada			5%
	Income/ Expense Comparison FY 2007 to 2006
						FY2007		FY 2006
		Income
			Earned Income
				Workshop Income		$228,611.00		$230,079.86
				Other Income		$16,540.08		$5,320.02
						$245,151.08		$235,399.88
			Contributed Income
				Fundraising Income		$55,259.19		$31,148.89
				Gift Received		$15,714.36		$15,546.75
				Grant Income		$6,069.00		$10,520.00
				Membership		$21,340.00		$18,080.00
						$98,382.55		$75,295.64
			Total Income			$343,533.63		$310,695.52
		Expenses
			Operating Expenses			$172,218.41		$145,837.91
			Workshop Expenses			$130,291.71		$150,637.73
			Contributed Income Expense			$30,831.21		$7,509.66
			Total Expense			$333,341.33		$303,985.30
			Residual Funds for Growth			$10,192.30		$6,710.22
		Balance Sheet Comparison 12.31.07 to 12.31.06
		Assets				12.31.07		12.31.06
			Current - Cash			$74,930.42		$53,063.11
			Fixed			$144,375.00		$144,375.00
			Other			$32,145.40		$31,630.00
		TOTAL ASSETS				$251,450.82		$229,068.11
		Liabilities
			Payables			$43,076.67		$34,129.27
			Mortgage			$120,617.23		$124,182.55
			Deposits			$20,089.00		$24,120.00
		Total Liabilities				$183,782.90		$182,431.82
		Equity				$67,667.92		$46,636.29
		TOTAL LIABILITIES AND EQUITY				$251,450.82		$229,068.11