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← MCM Holdings

Form 990 for tax year 2022

Filed by MCM Holdings.

Totals

Total revenue
$9,879,392
Total expenses
$811,612
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$431,054
Investment income
$0
Other revenue
$9,448,338
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$811,612
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$811,612

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Museum Facility Rental

    total $321,356 · related or exempt $321,356

  • 2b · Program service revenue: Parking Ramp Revenue

    total $109,698 · related or exempt $109,698

  • 5 · Royalties

    total $28,338 · excluded $28,338

  • 11a · Other revenue: Debt Forgiveness

    total $9,420,000 · excluded $9,420,000

  • 11e · Other revenue, total

    $9,420,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $13,841 · program services $13,841

  • 16 · Occupancy

    total $95,758 · program services $95,758

  • 20 · Interest

    total $63,850 · program services $63,850

  • 22 · Depreciation, depletion and amortization

    total $637,004 · program services $637,004

  • 23 · Insurance

    total $1,159 · program services $1,159

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $19,627,026 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,644,201 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,780

  • 23 · Secured mortgages and notes payable

    beginning of year $9,420,000

  • 27 · Net assets without donor restrictions

    beginning of year $11,840,447 · end of year $0

Mission and programs · 2022

Mission

MCM Holdings is organized and will operate exclusevely for charitable and educational purposes and exclusively for the benefit of, to support the functions of, and to assist in carrying out the purposes of the Minnesota Children's Museum.

Activities or mission (Part I)

Support the Minnesota Children's Museum

  • MCM Holdings was established to hold, renovate, and manage the existing facility of the Minnesota Children's Museum in downtown St. Paul. This was carried out in conjunction with the expansion and complete renovation of the facility. MCM Holdings renovated all current public space as well as added 2,000 square feet to the existing footprint. MCM Holdings also developed, created, and installed 10 new galleries. MCM Holdings dissolved during fiscal year 2023.

    Expenses $811,612 · Revenue $431,054

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William McKinney

    Chair

    Total calculated
    $0
    Hours/week
    0.1

  • Charlene Altman

    Treasurer

    Total calculated
    $0
    Hours/week
    0.1

  • William Schmoker

    Secretary

    Total calculated
    $0
    Hours/week
    0.1

  • Lisa Farrell

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Stephen Zawoyski

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Dianne Krizan

    President

    Total calculated
    $257,340
    From this org
    $0
    From related orgs
    $227,289
    Other
    $30,051
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,889 related
    Bonus
    $0 + $32,400 related
    Other
    $0
    Deferred
    $0 + $7,076 related
    Nontaxable benefits
    $0 + $23,265 related
    Filer's total
    $0 + $257,630 related

  • Fola Tiamiyu

    Dir of Finance & Technology

    Total calculated
    $137,821
    From this org
    $0
    From related orgs
    $101,486
    Other
    $36,335
    Hours/week
    8 + 32 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3:
Minnesota Children's Museum, a related organization, used one or more of the methods on part I, line 3 to determine the President's compensation.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
19 March 2024
IRS schema version
2022v5.0
Source object
202400809349300520

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