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← MINNESOTA STREET PROJECT FOUNDATION

Form 990 for tax year 2024

Filed by MINNESOTA STREET PROJECT FOUNDATION.

Totals

Total revenue
$1,774,263
Total expenses
$2,528,975
Contributions and grants received
$1,127,388
Grants paid
$0
Program service revenue
$207,780
Investment income
$0
Other revenue
$439,095
Total assets, end of year
$2,136,185
Total liabilities, end of year
$4,125,764
Net assets or fund balances, end of year
-$1,989,579
Program services expenses (Part IX)
$1,698,668
Management and general expenses
$830,307
Fundraising expenses
$0
Program service expenses (Part III)
$1,698,668

Program services were 67.2% 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.

  • 1c · Fundraising events

    $116,023

  • 1f · All other contributions, gifts and grants

    $1,011,365

  • 2a · Program service revenue: ART STUDIO FEES

    total $207,780 · related or exempt $207,780

  • 6a · Gross rents

    real property $565,070

  • 6b · Less rental expenses

    real property $82,273

  • 6c · Rental income or loss

    real property $482,797

  • 6d · Net rental income or loss

    total $482,797 · excluded $482,797

  • 8a · Fundraising events: gross income

    $65,445

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

    $116,023

  • 8b · Fundraising events: direct expenses

    $112,242

  • 8c · Net income from fundraising events

    total -$46,797 · excluded -$46,797

  • 10a · Gross sales of inventory

    $4,625

  • 10b · Cost of goods sold

    $1,530

  • 10c · Net income from sales of inventory

    total $3,095 · related or exempt $3,095

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $158,616 · management and general $158,616

  • 7 · Other salaries and wages

    total $256,677 · management and general $256,677

  • 9 · Other employee benefits

    total $27,067 · management and general $27,067

  • 10 · Payroll taxes

    total $35,045 · management and general $35,045

  • 11b · Fees: legal

    total $3,659 · management and general $3,659

  • 11c · Fees: accounting

    total $124,173 · management and general $124,173

  • 11g · Fees: other

    total $100,649 · program services $21,540 · management and general $79,109

  • 12 · Advertising and promotion

    total $16,023 · program services $11,945 · management and general $4,078

  • 13 · Office expenses

    total $3,961 · management and general $3,961

  • 14 · Information technology

    total $17,188 · program services $2,337 · management and general $14,851

  • 16 · Occupancy

    total $1,499,272 · program services $1,498,757 · management and general $515

  • 17 · Travel

    total $11,846 · management and general $11,846

  • 22 · Depreciation, depletion and amortization

    total $54,398 · management and general $54,398

  • 23 · Insurance

    total $35,787 · program services $100 · management and general $35,687

  • 24a · Other expenses: EXHIBITIONS

    total $100,295 · program services $98,658 · management and general $1,637

  • 24b · Other expenses: REPAIRS & MAINTENANCE R

    total $30,706 · program services $30,706

  • 24c · Other expenses: SHIPPING, FREIGHT & DEL

    total $19,356 · program services $19,233 · management and general $123

  • 24d · Other expenses: SUPPLIES & MATERIALS

    total $14,419 · program services $7,793 · management and general $6,626

  • 24e · All other expenses

    total $19,838 · program services $7,599 · management and general $12,239

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $304,358 · end of year $147,819

  • 4 · Accounts receivable

    beginning of year $42,755 · end of year $257,208

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,692 · end of year $41,137

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

    $1,753,703

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

    $135,772

  • 10c · Land, buildings and equipment, net

    beginning of year $1,577,099 · end of year $1,617,931

  • 15 · Other assets

    beginning of year $284,962 · end of year $72,090

  • 17 · Accounts payable and accrued expenses

    beginning of year $484,969 · end of year $345,204

  • 25 · Other liabilities

    beginning of year $3,004,763 · end of year $3,780,560

  • 27 · Net assets without donor restrictions

    beginning of year -$1,234,866 · end of year -$1,989,579

Mission and programs · 2024

Mission

MINNESOTA STREET PROJECT FOUNDATION WORKS TO STRENGTHEN THE HEALTH AND VITALITY OF THE ARTISTIC ECO-SYSTEM OF THE SAN FRANCISCO BAY AREA THROUGH UNIQUE COLLABORATIONS, PUBLIC EXHIBITIONS, CAPACITY BUILDING PROGRAMMING, ARTISTIC INCUBATION, AND DIRECT GRANTS AND SUPPORT OF ARTISTS. WE ARE DEDICATED TO PROVIDING SPACE FOR ART AND ARTISTS AND NURTURE A CAMPUS ENVIRONMENT AS FUNDAMENTAL TO A THRIVING CREATIVE SECTOR.

Activities or mission (Part I)

THE ORGANIZATION WORKS TO STRENGTHEN THE SAN FRANCISCO BAY AREA (CALIFORNIA, USA) ARTS COMMUNITY.

  • SCREENING GALLERY PROGRAMMING PROVIDES CRITICAL ACCESS TO THE SPACE, TECHNOLOGY, AND TOOLS NECESSARY FOR ARTISTS, CURATORS, AND ARTS TECHNICIANS TO CREATE AND PRESENT NEW WORK FOR VISITING PUBLIC AUDIENCES.

    Expenses $16,445

  • THE EXHIBITION & WAREHOUSE HOUSE RESIDENCY PROGRAM LAUNCHED AT 1201 MINNESOTA STREET EXPANDS OUR WORK OF DIRECTLY SUPPORTING ARTS PRODUCTION AND ADVANCEMENT OF ART PRACTICE, ENSURING CONTINUED EXPERIMENTATION IN THE ARTS.

    Expenses $185,849

  • THE ARTIST STUDIOS PROGRAM DIRECTLY SUPPORTS ARTISTS BY PROVIDING CRITICAL ACCESS TO THE SPACE, TECHNOLOGY, AND TOOLS NECESSARY FOR ARTISTS, CURATORS, AND ARTS TECHNICIANS TO CREATE AND PRESENT NEW WORK.

    Expenses $509,183 · Revenue $207,780

  • Expenses $987,191

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

Listed in Part VII

  • Deborah Rappaport

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Andrew Rappaport

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Shannon Jackson

    OFFICER

    Total calculated
    $0
    Hours/week
    5

  • Rachel Sample

    FOUNDATION DIRECTOR

    Total calculated
    $170,750
    From this org
    $158,616
    From related orgs
    $0
    Other
    $12,134
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,616
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,134
    Filer's total
    $170,750

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 · Written employment contract

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349324611

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