Skip to content
Nonprofiteer
← ETHEL M VANDERLIP TRUST 1379

Form 990 for tax year 2022

Filed by ETHEL M VANDERLIP TRUST 1379.

Totals

Total revenue
$715,832
Total expenses
$886,596
Contributions and grants received
$0
Grants paid
$817,506
Program service revenue
$0
Investment income
$708,078
Other revenue
$7,754
Total assets, end of year
$11,385,493
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,385,493
Program services expenses (Part IX)
$830,309
Management and general expenses
$56,287
Fundraising expenses
$0
Program service expenses (Part III)
$817,506

Program services were 93.7% 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.

  • 3 · Investment income

    total $333,585 · excluded $333,585

  • 6a · Gross rents

    real property $7,500

  • 6c · Rental income or loss

    real property $7,500

  • 6d · Net rental income or loss

    total $7,500 · excluded $7,500

  • 7a · Gross sales of assets other than inventory

    securities $878,340

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

    securities $503,847

  • 7c · Gain or loss

    securities $374,493

  • 7d · Net gain or loss

    total $374,493 · excluded $374,493

  • 11a · Other revenue: OTHER INCOME

    total $254 · excluded $254

  • 11e · Other revenue, total

    $254

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $817,506 · program services $817,506

  • 5 · Compensation of officers, directors and key employees

    total $58,659 · program services $5,866 · management and general $52,793

  • 11b · Fees: legal

    total $6,012 · program services $6,012

  • 11c · Fees: accounting

    total $900 · program services $900

  • 24a · Other expenses: STATE FILING FEE

    total $25 · program services $25

  • 24b · Other expenses: FOREIGN TAXES PAID

    total $3,494 · management and general $3,494

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $389,840 · end of year $374,766

  • 4 · Accounts receivable

    beginning of year $44,600 · end of year $42,754

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

    $1

  • 10c · Land, buildings and equipment, net

    end of year $1

  • 11 · Investments: publicly traded securities

    beginning of year $11,121,818 · end of year $10,967,972

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,556,258 · end of year $11,385,493

Mission and programs · 2022

Mission

TO PROVIDE FUNDING SUPPORT TO THE MINNEAPOLIS INSTITUTE OF ARTS AND THE MINNEAPOLIS COLLEGE OF ART & DESIGN

  • FUNDING SUPPORT FOR THE MINNEAPOLIS INSTITUTE OF ARTS

    Expenses $601,879 · Grants $601,879

  • FUNDING SUPPORT FOR THE MINNEAPOLIS COLLEGE OF ART & DESIGN

    Expenses $215,627 · Grants $215,627

As filed on the 2022 return.

Listed in Part VII

  • Us Bank National Association

    TRUSTEE

    Total calculated
    $58,658
    From this org
    $58,658
    From related orgs
    $0
    Other
    $0

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.

Grants 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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202313119349302936

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.