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Nonprofiteer
← MINNEAPOLIS SOCIETY OF FINE ARTS

Form 990 for tax year 2024

Filed by MINNEAPOLIS SOCIETY OF FINE ARTS.

Totals

Total revenue
$57,720,775
Total expenses
$51,661,467
Contributions and grants received
$37,323,816
Grants paid
$0
Program service revenue
$2,327,607
Investment income
$16,423,537
Other revenue
$1,645,815
Total assets, end of year
$439,728,866
Total liabilities, end of year
$9,960,796
Net assets or fund balances, end of year
$429,768,070
Program services expenses (Part IX)
$40,693,461
Management and general expenses
$7,044,535
Fundraising expenses
$3,923,471
Program service expenses (Part III)
$40,693,461

Program services were 78.8% 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.

  • 1b · Membership dues

    $1,889,665

  • 1c · Fundraising events

    $312,000

  • 1d · Related organizations

    $803,191

  • 1e · Government grants (contributions)

    $20,205,422

  • 1f · All other contributions, gifts and grants

    $14,113,538

  • 1g · Noncash contributions included above

    $5,449,725

  • 2a · Program service revenue: RENTALS/REIMBURSEMENTS

    total $1,398,084 · related or exempt $1,277,248 · unrelated business $120,836

  • 2b · Program service revenue: PROGRAM ADMISSIONS/FEE

    total $496,738 · related or exempt $496,738

  • 2c · Program service revenue: OTHER PROGRAM SERVICE

    total $263,948 · related or exempt $263,948

  • 2d · Program service revenue: DEACCESSIONS

    total $146,787 · related or exempt $146,787

  • 2e · Program service revenue: CLASSES AND PROGRAMS

    total $22,050 · related or exempt $22,050

  • 3 · Investment income

    total $7,045,746 · unrelated business -$233,077 · excluded $7,278,823

  • 5 · Royalties

    total $18,559 · related or exempt $18,559

  • 7a · Gross sales of assets other than inventory

    securities $76,689,321

  • 7b · Less cost or other basis and sales expenses

    securities $67,311,530

  • 7c · Gain or loss

    securities $9,377,791

  • 7d · Net gain or loss

    total $9,377,791 · excluded $9,377,791

  • 8a · Fundraising events: gross income

    $44,743

  • 8a · Fundraising events: contributions included on line 1c

    $312,000

  • 8b · Fundraising events: direct expenses

    $320,224

  • 8c · Net income from fundraising events

    total -$275,481 · excluded -$275,481

  • 10a · Gross sales of inventory

    $1,306,402

  • 10b · Cost of goods sold

    $481,828

  • 10c · Net income from sales of inventory

    total $824,574 · excluded $824,574

  • 11a · Other revenue: PARKING

    total $1,078,163 · excluded $1,078,163

  • 11e · Other revenue, total

    $1,078,163

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,741,839 · program services $1,544,503 · management and general $614,087 · fundraising $583,249

  • 7 · Other salaries and wages

    total $17,316,135 · program services $14,142,236 · management and general $2,068,949 · fundraising $1,104,950

  • 8 · Pension plan contributions

    total $606,653 · program services $478,191 · management and general $74,676 · fundraising $53,786

  • 9 · Other employee benefits

    total $2,660,962 · program services $2,471,788 · management and general $100,917 · fundraising $88,257

  • 10 · Payroll taxes

    total $1,537,624 · program services $1,344,134 · management and general $99,874 · fundraising $93,616

  • 11b · Fees: legal

    total $359,263 · program services $260,025 · management and general $88,738 · fundraising $10,500

  • 11c · Fees: accounting

    total $188,931 · management and general $188,931

  • 11d · Fees: lobbying

    total $55,000 · management and general $55,000

  • 11e · Fees: professional fundraising services

    total $1,302,235 · fundraising $1,302,235

  • 11f · Fees: investment management

    total $2,308,280 · management and general $2,308,280

  • 11g · Fees: other

    total $3,938,817 · program services $3,774,760 · management and general $164,057

  • 12 · Advertising and promotion

    total $625,069 · program services $589,870 · management and general $23,448 · fundraising $11,751

  • 13 · Office expenses

    total $1,865,977 · program services $1,730,775 · management and general $79,866 · fundraising $55,336

  • 14 · Information technology

    total $908,953 · program services $560,634 · management and general $273,801 · fundraising $74,518

  • 16 · Occupancy

    total $3,720,961 · program services $3,513,218 · management and general $170,749 · fundraising $36,994

  • 17 · Travel

    total $1,365,970 · program services $714,065 · management and general $161,717 · fundraising $490,188

  • 19 · Conferences, conventions and meetings

    total $52,403 · program services $31,266 · management and general $16,012 · fundraising $5,125

  • 22 · Depreciation, depletion and amortization

    total $2,597,127 · program services $2,448,874 · management and general $136,147 · fundraising $12,106

  • 23 · Insurance

    total $781,668 · program services $361,522 · management and general $419,286 · fundraising $860

  • 24a · Other expenses: ACCESSIONS

    total $6,727,600 · program services $6,727,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,687,720 · end of year $980,544

  • 2 · Savings and temporary cash investments

    beginning of year $27,945,628 · end of year $31,005,166

  • 3 · Pledges and grants receivable

    beginning of year $2,727,918 · end of year $3,406,140

  • 4 · Accounts receivable

    beginning of year $5,642,831 · end of year $5,236,412

  • 8 · Inventories for sale or use

    beginning of year $154,129 · end of year $240,447

  • 9 · Prepaid expenses and deferred charges

    beginning of year $469,514 · end of year $677,924

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

    $145,737,472

  • 10b · Land, buildings and equipment: accumulated depreciation

    $72,075,488

  • 10c · Land, buildings and equipment, net

    beginning of year $60,887,006 · end of year $73,661,984

  • 11 · Investments: publicly traded securities

    beginning of year $44,617,470 · end of year $40,515,789

  • 12 · Investments: other securities

    beginning of year $191,521,511 · end of year $206,624,394

  • 15 · Other assets

    beginning of year $70,547,403 · end of year $77,380,066

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,239,270 · end of year $9,082,800

  • 19 · Deferred revenue

    beginning of year $112,485 · end of year $170,487

  • 25 · Other liabilities

    beginning of year $728,403 · end of year $707,509

  • 27 · Net assets without donor restrictions

    beginning of year $106,237,980 · end of year $122,884,285

  • 28 · Net assets with donor restrictions

    beginning of year $298,882,992 · end of year $306,883,785

Mission and programs · 2024

Mission

THE MINNEAPOLIS INSTITUTE OF ART (MIA) ENRICHES THE COMMUNITY BY COLLECTING, PRESERVING, AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART FROM THE WORLD'S DIVERSE CULTURES.

Activities or mission (Part I)

ENRICHING COMMUNITY BY COLLECTING, PRESERVING & MAKING ACCESSIBLE OUTSTANDING WORKS OF ART

  • FISCAL YEAR 2025 EXHIBITIONS:ANNOTATIONSTEEN PERSPECTIVES MINNEAPOLIS AS MONUMENTREMNANTSRADIANCECHARLES MATSON LUME IACUNA FOR GUSTAF SOBINMARY SULLY NATIVE MODERNGIANTS- ART FROM THE DEAN COLLECTION OF SWIZZ BEATS AND ALICIA KEYSTRANSCENDENT CLAY THE KONDO FAMILY'S PATH OF PORCELAIN INNOVATIONSSURVIVAL OF THE FITTEST LESSONS FROM LAFONTAINE IN TEXTILE AND PORCELAINHOKUSAI/MONETTHE TRUE AMERICA PHOTOGRAPHS BY ERNEST COLEARTISTS AT WORK THE MIA STAFF ART SHOWCITY VIEWSA GENEROUS OUTLOOK - GIFTS FROM FAY GALLUS AND RICHARD SWEETROSHAN GANU - THE NIGHT BLOSSOMING JASMINEOTTO DIX - THE WAR PORTFOLIOFROM THE DIVINE TO THE MORTAL - STORYTELLING IN CHINESE PAINTINGCASSAT ON PAPERCATCH OF THE DAY - HUMAND AND MARINE ANIMALS IN JAPANAT THE MOULIN ROUGETIBETAN BUDDHIST SHRINE ROOM THE ALICE S KANDELL COLLECTIONO POWA O MENG - THE ART AND LEGACY OF JODY FOWELLJOANN VERBURG AFTERSHOCKSTAKING IT TO THE STREETS - VITALITY ARTS AT MIAA LITTLE FUN AT MY WORK - WOMEN IN DESIGN AND CRAFTLATIN AMERICAN ART AT MIA II

    Expenses $33,643,006 · Revenue $2,155,480

  • ACQUISITIONS BRING NEW STRENGTH TO THE COLLECTION. THE PERMANENT COLLECTION IS ALWAYS AT THE CORE OF OUR WORK. IN FISCAL YEAR 2025, 1,035 EXCEPTIONAL OBJECTS WERE ACQUIRED, ENRICHING 5 CURATORIAL AREAS.

    Expenses $6,727,600

  • IN FISCAL YEAR 2025, FAMILY DAY ATTRACTED 30,580 VISITORS. MEET AT MIA AND THE SUMMER SERIES SAW 33,813 VISITORS. MINI MIA, IN ITS SECOND YEAR, INCREASED TO 784 TODDLERS AND ADULTS. ART IN THE PARK EVENTS ATTRACTED 3,000 VISITORS. MIA'S ART ADVENTURE PROGRAM SERVED 37,000 STUDENTS IN 101 SCHOOLS ACROSS THE STATE. CREATIVITY ACADEMY (826) AND WATER IS LIFE (613) PROGRAMS SERVED 1,439 STUDENTS. MIA SERVED AN ADDITIONAL 3,960 STUDENTS THROUGH OTHER SCHOOL PARTNERSHIP PROGRAMS INCLUDING ITS NEW DISCOVERY DAYS. 22,540 PRE-KINDERGARTEN - 12 STUDENTS PARTICIPATED IN GUIDE-LED TOURS, AND 17,652 STUDENTS PARTICIPATED IN SELF-GUIDED TOURS. MIA DISTIBUTED 141 PHYSICAL KITS AND 26 DIGITAL KITS OF CLASSROOM MATERIALS AND TRAINED 508 ART ADVENTURE PICTURE PEOPLE PARENT VOLUNTEERS TO LEAD ART ADVENTURE 3 LESSONS IN SCHOOL. MIA RECRUITED AND TRAINED 25 NEW DISCOVERY DAYS VOLUNTEERS AND PROVIDED PROFESSIONAL DEVELOPMENT TO 383 TEACHERS. 209 OLDER ADULTS PARTICIPATED IN VITALITY ARTS ACROSS 1,205 LESSONS.

    Expenses $322,855 · Revenue $69,850

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Katie Luber

    DIRECTOR & PRESIDENT

    Total calculated
    $721,885
    From this org
    $628,522
    From related orgs
    $0
    Other
    $93,363
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $605,522
    Bonus
    $0
    Other
    $23,000
    Deferred
    $76,050
    Nontaxable benefits
    $17,313
    Filer's total
    $721,885
  • John Lindahl

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Ken Cutler

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Piyumi Samaratunga

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Maurice Blanks

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Amy Kern

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Andrus

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dan Avchen

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Chanda Smith Baker

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Desirae Butler

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John Butcher

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lynn Casey

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Page Knudsen Cowles

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bert Colianni

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Gerald Erickson

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Francis

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Maria Gale

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Margaret Grieve

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Martha Head

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Christopher Howe

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mary Ingebrand-Pohlad

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Shannon Jones

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jessamyn Kerchner

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Velma Korbel

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Gonzalo Petschen

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Patrick G Mahoney

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jamie Lockahart

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Nivin MacMillan

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lucy Mitchell

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Christopher K Murphy

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sheila Morgan

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mahmoud Magib

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Noel Bennett Patterson

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brad Radichel

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mary Reyelts

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Julie Rosen

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Katie Simpson

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Molly Sit

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Tim Welsh

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David Weyerhaeuser

    ELECTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Beverly Grossman

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Al Harrison

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David M Lebedoff

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Tim Walz Governor State Of Mn

    TRUSTEE BY VIRTUE OF OFFICE

    Total calculated
    $0
    Hours/week
    1
  • Jacob Frey Mayor City Of Mpls

    TRUSTEE BY VIRTUE OF OFFICE

    Total calculated
    $0
    Hours/week
    1
  • Bobbie Joe Champion President Mn Se

    TRUSTEE BY VIRTUE OF OFFICE

    Total calculated
    $0
    Hours/week
    1
  • Jordan Rasmussen Asst Minority Lead

    TRUSTEE BY VIRTUE OF OFFICE

    Total calculated
    $0
    Hours/week
    1
  • Lisa Demuth Speaker Of House

    TRUSTEE BY VIRTUE OF OFFICE

    Total calculated
    $0
    Hours/week
    1
  • Melissa Hortman Speaker Emerita

    TRUSTEE BY VIRTUE OF OFFICE

    Total calculated
    $0
    Hours/week
    1
  • Heather Edelson Hennepin Cty

    TRUSTEE BY VIRTUE OF OFFICE

    Total calculated
    $0
    Hours/week
    1
  • Meg Forney Mpls Park Rec

    TRUSTEE BY VIRTUE OF OFFICE

    Total calculated
    $0
    Hours/week
    1
  • Barbara Proeschel President Friends

    TRUSTEE BY VIRTUE OF OFFICE

    Total calculated
    $0
    Hours/week
    1
  • Patricia Grazzini

    DEPUTY DIRECTOR & CHIEF OPERATING OFFICER/INTERI

    Total calculated
    $435,346
    From this org
    $371,890
    From related orgs
    $0
    Other
    $63,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,669
    Bonus
    $0
    Other
    $7,221
    Deferred
    $46,829
    Nontaxable benefits
    $16,627
    Filer's total
    $435,346
  • Ben Murray

    CFO

    Total calculated
    $213,507
    From this org
    $213,028
    From related orgs
    $0
    Other
    $479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,028
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $479
    Filer's total
    $213,507
  • Nicole Berns

    SENIOR EXECUTIVE ASSISTANT

    Total calculated
    $96,657
    From this org
    $75,294
    From related orgs
    $0
    Other
    $21,363
    Hours/week
    40
  • Julianne Amendola

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $265,940
    From this org
    $241,033
    From related orgs
    $0
    Other
    $24,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,033
    Bonus
    $0
    Other
    $0
    Deferred
    $14,198
    Nontaxable benefits
    $10,709
    Filer's total
    $265,940
  • Lynn Farmer

    CHIEF AUDIENCE & ENGAGEMENT OFFICER

    Total calculated
    $225,152
    From this org
    $199,691
    From related orgs
    $0
    Other
    $25,461
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,691
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,461
    Filer's total
    $225,152
  • Matthew Welch

    DEPUTY DIRECTOR & CHIEF CURATOR

    Total calculated
    $360,175
    From this org
    $318,365
    From related orgs
    $0
    Other
    $41,810
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,875
    Bonus
    $0
    Other
    $9,490
    Deferred
    $30,999
    Nontaxable benefits
    $10,811
    Filer's total
    $360,175
  • Michael Sanders

    COO

    Total calculated
    $216,359
    From this org
    $205,732
    From related orgs
    $0
    Other
    $10,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,732
    Bonus
    $0
    Other
    $0
    Deferred
    $10,156
    Nontaxable benefits
    $471
    Filer's total
    $216,359
  • Virajita Singh

    CHIEF DIVERSITY & INCLUSION OFFICER

    Total calculated
    $218,997
    From this org
    $208,372
    From related orgs
    $0
    Other
    $10,625
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,372
    Bonus
    $0
    Other
    $0
    Deferred
    $10,154
    Nontaxable benefits
    $471
    Filer's total
    $218,997
  • Yang Liu

    CURATOR OF CHINESE ART

    Total calculated
    $212,493
    From this org
    $175,964
    From related orgs
    $0
    Other
    $36,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,964
    Bonus
    $0
    Other
    $0
    Deferred
    $11,126
    Nontaxable benefits
    $25,403
    Filer's total
    $212,493
  • Andreas Marks

    CURATOR OF JAPANESE & KOREAN ARTS

    Total calculated
    $206,645
    From this org
    $184,950
    From related orgs
    $0
    Other
    $21,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,950
    Bonus
    $0
    Other
    $0
    Deferred
    $11,167
    Nontaxable benefits
    $10,528
    Filer's total
    $206,645
  • Rachel McGarry

    CHAIR & CURATOR EUROPEON ART

    Total calculated
    $212,800
    From this org
    $176,261
    From related orgs
    $0
    Other
    $36,539
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,261
    Bonus
    $0
    Other
    $0
    Deferred
    $11,134
    Nontaxable benefits
    $25,405
    Filer's total
    $212,800
  • Steven Bader

    CONTROLLER

    Total calculated
    $236,826
    From this org
    $198,885
    From related orgs
    $0
    Other
    $37,941
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,885
    Bonus
    $0
    Other
    $0
    Deferred
    $12,489
    Nontaxable benefits
    $25,452
    Filer's total
    $236,826
  • Valeria Piccoli

    CHAIR ARTS OF THE AMERICAS

    Total calculated
    $179,010
    From this org
    $166,463
    From related orgs
    $0
    Other
    $12,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,463
    Bonus
    $0
    Other
    $0
    Deferred
    $1,977
    Nontaxable benefits
    $10,570
    Filer's total
    $179,010

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 4B
PATRICIA GRAZZINI PARTICIPATES IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES ON DECEMBER 17, 2001. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CONTRIBUTIONS AND CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2024 TOTALED $80,900. KATIE LUBER PARTICIPATED IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2024 TOTALED $39,169. MATTHEW WELCH PARTICIPATED IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2024 TOTALED $26,421.

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.

  • JOHN R VAN DERLIP TRUST

    501(C)(3) · PERPETUAL TRUST · MN · controlled entity

    Directly controlled by MINNEAPOLIS SOCIETY OF FINE ARTS

  • ETHEL M VAN DERLIP TRUST

    501(C)(3) · PERPETUAL TRUST · MN · controlled entity

    Directly controlled by MINNEAPOLIS SOCIETY OF FINE ARTS

  • LILLIAN ZENOBIA TURNBLAD TRUST

    501(C)(3) · PERPETUAL TRUST · MN · controlled entity

    Directly controlled by MINNEAPOLIS SOCIETY OF FINE ARTS

Provenance

Return type
form_990
Tax year
2024
Filed
29 April 2026
IRS schema version
2024v5.5
Source object
202621199349302107

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